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Polland

Active
Private limited companyfounded 2024active for 1 yearVan Nuffelstraat 3, 1740 Ternat, BelgiumKBO/BCE: BE 1017.329.268

Financials · financial year 2025, micro format

2025 annual accounts filed 17 days after the deadline Filed on 17 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00400714.

Annual accounts 2025 filed on 17-08-2026 at the NBB

Turnover
≈ €190,000
Estimated: probably between €140,000 and €240,000
Total assets
€63,029
Net result
€23,458
Working capital
€8,822

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Assets €63,029
Fixed assets €27,187
Current assets €35,842
Equity and liabilities €63,029
Equity €33,458
Debt €29,571
Debt's share of the balance-sheet total is 46.9%.
Key figures and ratios
2025 value
EBITDA
€36,067
Cash flow
€28,486
Current ratio
1.33
Debt to equity
0.88
ROE
70.1%
ROA
37.2%
Interest coverage
over 100
Debt ≤ 1 year
€27,020
Income taxes
€7,336
Staff costs
€56,090

Staff

social balance sheet
Item31-12-2025
Employees at the balance-sheet date1
full-time0
part-time1
in full-time equivalents0.5
Average over the year, in full-time equivalents0.5
On a permanent contract1
Joined1
Left0

Source: social balance sheet in the 2025 annual accounts

Investments

fixed assets acquired
Item2025
Tangible fixed assets€32,215
Depreciation and write-downs of the year€5,027

Source: notes to the 2025 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 36 lines
Balance sheet Code2025
Assets
Total assets20/58€63,029
Fixed assets21/28€27,187
Tangible fixed assets22/27€27,187
Furniture and vehicles24€23,435
Other tangible fixed assets26€3,752
Current assets29/58€35,842
Amounts receivable within one year40/41€17,504
Trade receivables40€14,840
Other amounts receivable41€2,664
Cash at bank and in hand54/58€9,310
Deferred charges and accrued income490/1€9,028
Equity and liabilities
Total equity and liabilities10/49€63,029
Equity10/15€33,458
Contributions10/11€10,000
Profit (loss) carried forward14€23,458
Amounts payable17/49€29,571
Amounts payable within one year42/48€27,020
Trade debts44€4,141
Suppliers440/4€4,141
Taxes, remuneration and social security45€22,238
Taxes450/3€8,239
Remuneration and social security454/9€13,999
Other amounts payable47/48€641
Accrued charges and deferred income492/3€2,551
Income statement Code2025
Remuneration, social security and pensions62€56,090
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,027
Other operating charges640/8€1,392
Gross operating margin9900€93,549
Operating profit (loss)9901€31,039
Financial charges65/66B€245
Recurring financial charges65€245
Profit (loss) for the period before taxes9903€30,794
Income taxes67/77€7,336
Profit (loss) for the period9904€23,458
Profit (loss) for the period to be appropriated9905€23,458
Appropriation of the result
Profit (loss) to be appropriated9906€23,458

The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 17-08-2026.

Line2025
Remuneration, social security and pensions62€56,090
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,027
Other operating charges640/8€1,392
Gross operating margin9900€93,549
Operating profit (loss)9901€31,039
Financial charges65/66B€245
Recurring financial charges65€245
Profit (loss) for the period before taxes9903€30,794
Income taxes67/77€7,336
Profit (loss) for the period9904€23,458
Profit (loss) for the period to be appropriated9905€23,458
Line2025
Assets
Total assets20/58€63,029
Fixed assets21/28€27,187
Tangible fixed assets22/27€27,187
Furniture and vehicles24€23,435
Other tangible fixed assets26€3,752
Current assets29/58€35,842
Amounts receivable within one year40/41€17,504
Trade receivables40€14,840
Other amounts receivable41€2,664
Cash at bank and in hand54/58€9,310
Deferred charges and accrued income490/1€9,028
Equity and liabilities
Total equity and liabilities10/49€63,029
Equity10/15€33,458
Contributions10/11€10,000
Profit (loss) carried forward14€23,458
Amounts payable17/49€29,571
Amounts payable within one year42/48€27,020
Trade debts44€4,141
Suppliers440/4€4,141
Taxes, remuneration and social security45€22,238
Taxes450/3€8,239
Remuneration and social security454/9€13,999
Other amounts payable47/48€641
Accrued charges and deferred income492/3€2,551
Line2025
Profit (loss) for the period9904€23,458
+ Depreciation and write-downs630€5,027
Operating cash flow (approximation)€28,486

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Historical observation

In July 2024, 11,279 companies had the same profile as Polland has now. Two years later, 96.6% were still going and 0.7% had gone bankrupt.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
96.6% was still going
2.6% stopped otherwise
0.7% went bankrupt

That fits the bankruptcy probability of Polland itself: 0.1% within 12 months.

Test of the method

The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
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% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 11,279 companies, not a prediction for Polland. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Filings with the National Bank (1)
Financial year Type Filed Reference Document
31-12-2025 micro format 17-08-2026 2026-00400714 PDF

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