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POLESTAR

Active
Private limited companyfounded 20224 yrs activeLangdorpsesteenweg 93, 3200 Aarschot, BelgiumKBO/BCE: BE 0780.439.828
Summary

The computed 12-month bankruptcy probability of POLESTAR is 3.5% (moderate). The 2025 annual accounts show negative equity (-€25,665) and a net result of -€7,245. Equity is shrinking by ~46.5% per year across the filed fiscal years. The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability35=
Solvency22=
Growth58=
Track record94
Bankruptcy probability, 12 months
3.5% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.45 against 0.39 in 2024; short-term debt: 95.7% and cash: 30.6% of total assets), and equity is negative.
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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
-3.1%
Return on assets
-0.9%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
22232425
2022 to 2025 · latest year -€25,665
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
2 d early
2024
7 d early
2023
9 d early
2022
1 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 4 accounts on average 4 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 27 July (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

POLESTAR was incorporated on 13 January 2022 as a Private limited company.1 Total assets rose from EUR 100,161 in 2022 to EUR 819,132 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2025

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Financials · fiscal year 2025, micro schema

Equity
-€25,665▼ 39.3%
2024 · -€18,419
Total assets
€819,132▲ 13.9%
2024 · €719,366
Net result
-€7,245▲ 14.8%
2024 · -€8,503
Working capital
-€433,250▼ 8.5%
2024 · -€399,424
Trend over the years
In euros
In euros
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.

Every figure with its change against the fiscal year before
favourable unfavourable
Line2022202320242025
Operating result-€10,820--€384▲ 96.4%-€2,713▼ 606%-€2,206▲ 18.7%
Net result-€10,839--€2,077▲ 80.8%-€8,503▼ 309%-€7,245▲ 14.8%
Equity-€7,839--€9,916▼ 26.5%-€18,419▼ 85.7%-€25,665▼ 39.3%
Total assets€100,161-€200,084▲ 99.8%€719,366▲ 260%€819,132▲ 13.9%
Debt€108,000-€210,000▲ 94.4%€737,785▲ 251%€844,797▲ 14.5%
Working capital-€7,839-€90,084-€399,424-€433,250▼ 8.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€15,000-€10,000-€5,000€0Operating result 2022: -€10,820-€10,820Net result 2022: -€10,839-€10,839Operating result 2023: -€384-€384Net result 2023: -€2,077-€2,077Operating result 2024: -€2,713-€2,713Net result 2024: -€8,503-€8,503Operating result 2025: -€2,206-€2,206Net result 2025: -€7,245-€7,2452022202320242025-€10,000-€7,500-€5,000-€2,500€0Operating result 2023: -€384-€384Net result 2023: -€2,077-€2,080Operating result 2024: -€2,713-€2,710Net result 2024: -€8,503-€8,500Operating result 2025: -€2,206-€2,210Net result 2025: -€7,245-€7,250202320242025
The operating result stays negative: a loss of €2,206 in 2025 against €2,713 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €819,132
Fixed assets €468,595 =
Current assets €350,538 ▲ 39.8%
Equity and liabilities
Equity-€25,665
Debt€844,797
Equity is negative: debt (€844,797) exceeds the balance-sheet total (€819,132).
Key figures and ratios
2025 value · change against 2024
Solvency
-3.1%▼
2024 · -2.6%
Current ratio
0.45▲
2024 · 0.39
ROA
-0.9%▲
2024 · -1.2%
Debt ≤ 1 year
€783,788▲
2024 · €650,195
Debt > 1 year
€61,009▼
2024 · €87,590
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 27 lines
Balance sheet Code20242025
Assets
Total assets20/58€719,366€819,132▲
Fixed assets21/28€468,595€468,595=
Financial fixed assets28€468,595€468,595=
Current assets29/58€250,771€350,538▲
Amounts receivable within one year40/41€100,000€100,000=
Other amounts receivable41€100,000€100,000=
Cash at bank and in hand54/58€150,771€250,538▲
Equity and liabilities
Total equity and liabilities10/49€719,366€819,132▲
Equity10/15-€18,419-€25,665▼
Contributions10/11€3,000€3,000=
Profit (loss) carried forward14-€21,419-€28,665▼
Amounts payable17/49€737,785€844,797▲
Amounts payable after more than one year17€87,590€61,009▼
Financial debts170/4€87,590€61,009▼
Amounts payable within one year42/48€650,195€783,788▲
Current portion of amounts payable after more than one year42-€13,593
Other amounts payable47/48€650,195€770,195▲
Income statement Code20242025
Other operating charges640/8€387€400▲
Gross operating margin9900-€2,326-€1,806▲
Operating profit (loss)9901-€2,713-€2,206▲
Financial charges65/66B€5,790€5,039▼
Recurring financial charges65€5,790€5,039▼
Profit (loss) for the period before taxes9903-€8,503-€7,245▲
Profit (loss) for the period9904-€8,503-€7,245▲
Profit (loss) for the period to be appropriated9905-€8,503-€7,245▲
Appropriation of the result
Profit (loss) to be appropriated9906-€21,419-€28,665▼
Profit (loss) brought forward from the previous period14P-€12,916-€21,419▼

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2022202320242025Change
Other operating charges640/8€348€384€387€400▲ 3.2%
Gross operating margin9900-€10,472--€2,326-€1,806▲ 22.3%
Operating profit (loss)9901-€10,820-€384-€2,713-€2,206▲ 18.7%
Financial charges65/66B€19€1,693€5,790€5,039▼ 13.0%
Recurring financial charges65€19€1,693€5,790€5,039▼ 13.0%
Profit (loss) for the period before taxes9903-€10,839-€2,077-€8,503-€7,245▲ 14.8%
Profit (loss) for the period9904-€10,839-€2,077-€8,503-€7,245▲ 14.8%
Profit (loss) for the period to be appropriated9905-€10,839-€2,077-€8,503-€7,245▲ 14.8%
Line2022202320242025Change
Assets
Total assets20/58€100,161€200,084€719,366€819,132▲ 13.9%
Fixed assets21/28€100,000-€468,595€468,595=
Financial fixed assets28€100,000-€468,595€468,595=
Current assets29/58€161€200,084€250,771€350,538▲ 39.8%
Amounts receivable within one year40/41-€100,000€100,000€100,000=
Other amounts receivable41-€100,000€100,000€100,000=
Cash at bank and in hand54/58€161€100,084€150,771€250,538▲ 66.2%
Equity and liabilities
Total equity and liabilities10/49€100,161€200,084€719,366€819,132▲ 13.9%
Equity10/15-€7,839-€9,916-€18,419-€25,665▼ 39.3%
Contributions10/11€3,000€3,000€3,000€3,000=
Profit (loss) carried forward14-€10,839-€12,916-€21,419-€28,665▼ 33.8%
Amounts payable17/49€108,000€210,000€737,785€844,797▲ 14.5%
Amounts payable after more than one year17€100,000€100,000€87,590€61,009▼ 30.3%
Financial debts170/4€100,000€100,000€87,590€61,009▼ 30.3%
Amounts payable within one year42/48€8,000€110,000€650,195€783,788▲ 20.5%
Current portion of amounts payable after more than one year42---€13,593-
Other amounts payable47/48€8,000€110,000€650,195€770,195▲ 18.5%
Line2022202320242025Change
Profit (loss) for the period9904-€10,839-€2,077-€8,503-€7,245▲ 14.8%
Operating cash flow (approximation)-€10,839-€2,077-€8,503-€7,245▲ 14.8%
Investment in fixed assets (approximation)---€0-
Change in cash-€99,923€50,687€99,767▲ 96.8%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
29-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
24-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
22-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Liquidity times 90current ratio 1.82
Current ratio from 0.02 to 1.82.
01-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 1 day late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Aarschot · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
384 m²
Building footprint
115 m²
Volume, LiDAR
719 m³
Parcel 24001B0205/00G003, Flanders · tallest building 10.5 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
POLESTAR
Langdorpsesteenweg 93, 3200 AarschotHoldings
since 20222.326.577.266
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
24001B0205/00G003 Flanders 384 m² 1 · 115 m² 10.5 m · 2 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

1 holding

Owners 0

The accounts to 31-12-2025 list no shareholders, and no other source names one.

Holdings 1

According to the 2025 annual accounts of POLESTAR and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Company details

Identification
Legal formPrivate limited company
Founded13-01-2022
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.