POLFIEN
ActiveSummary
The computed 12-month bankruptcy probability of POLFIEN is 3.8% (moderate). The 2025 annual accounts show equity of €10,627 and a net result of €13,332. Equity is growing by ~40.4% per year across the filed fiscal years. Its solvency ranks better than 41% of 13617 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+10
Solvency46▲+26
Growth78=
Track record100
Bankruptcy probability, 12 months
3.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.57 against 0.36 in 2024; short-term debt: 74.4% and cash: 21.6% of total assets), and 79.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 dateAge against the risk zone
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 2025Solvency, return and age of the figures
Solvency
20.8%
Return on assets
26.1%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 23-10-2025, 8 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
8 d early
2024
2 d early
2023
8 d early
2022
17 d early
2021
4 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 8 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 23 October (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close29-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€10,627
2024 · -€2,705
Total assets
€51,143▼ 9.8%
2024 · €56,692
Net result
€13,332▲ 35.5%
2024 · €9,840
Working capital
-€16,239▲ 54.6%
2024 · -€35,753
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€19,108-€1,529-€4,089€10,389€13,619▲ 31.1%
Net result-€19,694-€1,488within the sector's middle half-€4,340within the sector's middle half€9,840within the sector's middle half€13,332within the sector's middle half▲ 35.5%
Equity-€9,694--€8,205below the sector's middle half▲ 15.4%-€12,545below the sector's middle half▼ 52.9%-€2,705within the sector's middle half▲ 78.4%€10,627within the sector's middle half
Total assets€58,586-€105,766within the sector's middle half▲ 80.5%€96,835within the sector's middle half▼ 8.4%€56,692within the sector's middle half▼ 41.5%€51,143within the sector's middle half▼ 9.8%
Debt€68,280-€113,971▲ 66.9%€109,380▼ 4.0%€59,398▼ 45.7%€40,516▼ 31.8%
Working capital-€37,368--€78,778below the sector's middle half▼ 111%-€76,291below the sector's middle half▲ 3.2%-€35,753below the sector's middle half▲ 53.1%-€16,239within the sector's middle half▲ 54.6%
Solvency-16.5%--7.8%below the sector's middle half▲ 8.8pp-13.0%below the sector's middle half▼ 5.2pp-4.8%within the sector's middle half▲ 8.2pp20.8%within the sector's middle half▲ 25.5pp
Current ratio0.23-0.21below the sector's middle half▼ 0.020.24below the sector's middle half▲ 0.020.36below the sector's middle half▲ 0.130.57within the sector's middle half▲ 0.21
Return on assets (ROA)-33.6%-1.4%within the sector's middle half▲ 35.0pp-4.5%within the sector's middle half▼ 5.9pp17.4%above the sector's middle half▲ 21.8pp26.1%above the sector's middle half▲ 8.7pp
Staff (FTE)1.2-2.2▲ 83.3%2.2=1.4▼ 36.4%0.1▼ 92.9%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 31% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €51,143
Fixed assets
€29,323 ▼ 19.1%
Current assets
€21,820 ▲ 6.7%
Equity and liabilities €51,143
Equity
€10,627
Debt
€40,516
Debt finances 79.2% of the balance-sheet total.
Key figures and ratios
EBITDA
€25,070▲
2024 · €22,127
Cash flow
€24,782▲
2024 · €21,577
Quick ratio
0.43▲
2024 · 0.26
Debt to equity
3.81▲
2024 · -21.96
ROE
125.5%
Interest coverage
101.07▲
2024 · 71.62
Debt ≤ 1 year
€38,059▼
2024 · €56,211
Debt > 1 year
€0▼
2024 · €1,548
Income taxes
€153▼
2024 · €248
Staff costs
€6,152▼
2024 · €23,840
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,713 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.8%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,713 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €47,908 | €64,025 | €23,840 | €6,152 | ▼ 74.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,246 | €17,172 | €20,921 | €11,738 | €11,451 | ▼ 2.4% |
| Other operating charges640/8 | - | €850 | €880 | €1,402 | €2,541 | ▲ 81.3% |
| Non-recurring operating charges66A | - | - | - | €2,330 | €0 | ▼ 100% |
| Gross operating margin9900 | €13,858 | €67,458 | €81,737 | €49,698 | €33,763 | ▼ 32.1% |
| Operating profit (loss)9901 | -€19,108 | €1,529 | -€4,089 | €10,389 | €13,619 | ▲ 31.1% |
| Financial income75/76B | - | €503 | €123 | €7 | €113 | ▲ 1,565% |
| Recurring financial income75 | €332 | €503 | €123 | €7 | €113 | ▲ 1,565% |
| Financial charges65/66B | - | €433 | €373 | €309 | €248 | ▼ 19.7% |
| Recurring financial charges65 | €809 | €433 | €373 | €309 | €248 | ▼ 19.7% |
| Profit (loss) for the period before taxes9903 | -€19,585 | €1,599 | -€4,340 | €10,087 | €13,484 | ▲ 33.7% |
| Income taxes67/77 | €109 | €110 | €0 | €248 | €153 | ▼ 38.4% |
| Profit (loss) for the period9904 | -€19,694 | €1,488 | -€4,340 | €9,840 | €13,332 | ▲ 35.5% |
| Profit (loss) for the period to be appropriated9905 | -€19,694 | €1,488 | -€4,340 | €9,840 | €13,332 | ▲ 35.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €58,586 | €105,766 | €96,835 | €56,692 | €51,143 | ▼ 9.8% |
| Fixed assets21/28 | €47,403 | €84,323 | €73,075 | €36,234 | €29,323 | ▼ 19.1% |
| Intangible fixed assets21 | €921 | €821 | €721 | €621 | €521 | ▼ 16.1% |
| Tangible fixed assets22/27 | €44,844 | €81,864 | €70,716 | €33,975 | €27,164 | ▼ 20.0% |
| Plant, machinery and equipment23 | - | €10,080 | €10,839 | €11,003 | €6,451 | ▼ 41.4% |
| Furniture and vehicles24 | - | €63,461 | €47,594 | €12,489 | €11,008 | ▼ 11.9% |
| Other tangible fixed assets26 | - | €8,324 | €12,283 | €10,483 | €9,705 | ▼ 7.4% |
| Financial fixed assets28 | €1,638 | €1,638 | €1,638 | €1,638 | €1,638 | = |
| Current assets29/58 | €11,183 | €21,443 | €23,760 | €20,458 | €21,820 | ▲ 6.7% |
| Stocks and contracts in progress3 | €1,103 | €2,599 | €5,575 | €5,848 | €5,392 | ▼ 7.8% |
| Stocks30/36 | - | €2,599 | €5,575 | €5,848 | €5,392 | ▼ 7.8% |
| Amounts receivable within one year40/41 | €1,964 | €1,183 | €1,539 | €1,333 | €2,069 | ▲ 55.2% |
| Trade receivables40 | - | €502 | €1,490 | €1,310 | €864 | ▼ 34.1% |
| Other amounts receivable41 | - | €681 | €49 | €23 | €1,206 | ▲ 5,093% |
| Current investments50/53 | - | - | - | €2,500 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €6,499 | €14,461 | €13,103 | €7,336 | €11,024 | ▲ 50.3% |
| Deferred charges and accrued income490/1 | - | €3,200 | €3,543 | €3,442 | €3,335 | ▼ 3.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €58,586 | €105,766 | €96,835 | €56,692 | €51,143 | ▼ 9.8% |
| Equity10/15 | -€9,694 | -€8,205 | -€12,545 | -€2,705 | €10,627 | ▲ 493% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Reserves13 | - | - | - | - | €627 | - |
| Distributable reserves133 | - | - | - | - | €627 | - |
| Profit (loss) carried forward14 | -€19,694 | -€18,205 | -€22,545 | -€12,705 | €0 | ▲ 100% |
| Amounts payable17/49 | €68,280 | €113,971 | €109,380 | €59,398 | €40,516 | ▼ 31.8% |
| Amounts payable after more than one year17 | €19,729 | €13,751 | €7,691 | €1,548 | €0 | ▼ 100% |
| Financial debts170/4 | - | €13,751 | €7,691 | €1,548 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €48,550 | €100,221 | €100,051 | €56,211 | €38,059 | ▼ 32.3% |
| Current portion of amounts payable after more than one year42 | - | €5,979 | €6,060 | €6,142 | €1,548 | ▼ 74.8% |
| Trade debts44 | €2,731 | €2,674 | €2,251 | €7,697 | €7,308 | ▼ 5.0% |
| Suppliers440/4 | - | €2,674 | €2,251 | €7,697 | €7,308 | ▼ 5.0% |
| Advances received on contracts in progress46 | - | €1,705 | €2,820 | €3,884 | €2,310 | ▼ 40.5% |
| Taxes, remuneration and social security45 | - | €8,825 | €9,556 | €4,032 | €233 | ▼ 94.2% |
| Taxes450/3 | - | €3,824 | €3,426 | €3,315 | €233 | ▼ 93.0% |
| Remuneration and social security454/9 | - | €5,001 | €6,130 | €718 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €81,038 | €79,364 | €34,456 | €26,660 | ▼ 22.6% |
| Accrued charges and deferred income492/3 | - | - | €1,638 | €1,638 | €2,457 | ▲ 50.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€19,694 | €1,488 | -€4,340 | €9,840 | €13,332 | ▲ 35.5% |
| + Depreciation and write-downs630 | €6,246 | €17,172 | €20,921 | €11,738 | €11,451 | ▼ 2.4% |
| Operating cash flow (approximation) | -€13,447 | €18,661 | €16,582 | €21,577 | €24,782 | ▲ 14.9% |
| Investment in fixed assets (approximation) | - | -€54,092 | -€9,673 | €25,103 | -€4,539 | ▼ 118% |
| Change in cash | - | €7,962 | -€1,358 | -€5,767 | €3,688 | ▲ 164% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
23-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Highest result since 2021net €13,332 ▲35.5%
Operating result €13,619, net result €13,332, both a record.
2024
29-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Back to profitnet €9,840
Net result €9,840 after one loss-making year.
2023
23-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
14-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Back to profitnet €1,488
Net result €1,488 after one loss-making year.
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
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
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Harelbeke · 1 establishment unit since 2020
Ground area
696 m²
Building footprint
226 m²
Volume, LiDAR
1,488 m³
2 parcels, Flanders · tallest building 13.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CAFFIEN
since 20202.300.346.189
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34323D1390/00Y000 | Flanders | 432 m² | 1 · 83 m² | 10.5 m · 2 fl. |
| 36007A1034/00G000 | Flanders | 265 m² | 1 · 144 m² | 13.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 500 EUR awarded · 500 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 500 EUR | 500 EUR |
Schemes
Recognitions · licences · registrations
Food safety, FASFC
1 siteIngelmunster2.300.346.189
Dual-learning approval
4 live approvals · 1 endedHulpkelner (vwo)
Hulpkelner duaal (so)
Keukenmedewerker (vwo)
Keukenmedewerker duaal (so)
Show 1 ended approval
Hulpkelner (so)
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Of 21,853 companies in sector 56112 we hold annual accounts for 9,777. 7,043 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-02-2020
Fiscal year end31-03
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0743470257
Also
9925:BE0743470257
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.