POLLET
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 21-07-2026 at the NBB all 28 filings
Every figure per financial year
The operating result for 2025 is 63% higher than in 2024 and the highest since 2021. It is a recovery after the fall in 2024.
- 2023 Net result +3,142% on 2022. The accounts now follow the full format, last year the abbreviated format.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 5 | 5 | 6 | 6 | 5 |
| full-time | 4 | 4 | 6 | 6 | 5 |
| part-time | 1 | 1 | 0 | 0 | 0 |
| in full-time equivalents | 4.5 | 4.5 | 6 | 6 | 5 |
| Average over the year, in full-time equivalents | 4.4 | 4.5 | 5.1 | 6 | 5.8 |
| On a permanent contract | 5 | 5 | 6 | 6 | 5 |
| Joined | 1 | - | 2 | - | 0 |
| Left | 1 | - | 1 | - | 1 |
| Agency workers, average number | - | - | - | - | 0.1 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €550,907 | €925,184 | - | €70,297 | €41,031 |
| Mortgages, amount registered | €350,000 | €350,000 | €350,000 | €350,000 | €350,000 |
| Carrying value of the mortgaged assets | €399,603 | €453,323 | €408,412 | €367,001 | €326,229 |
| Pledge on the business | €1.8m | - | - | €300,000 | - |
| Mandates to pledge the business | - | - | - | - | €300,000 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €703,801 | €966,947 | €1.5m | €344,867 | €1.7m |
| Intangible fixed assets | €1,692 | - | €11,250 | €1,725 | €3,397 |
| Financial fixed assets | - | - | - | €1.5m | - |
| Depreciation and write-downs of the year | €350,933 | €356,523 | €332,997 | €292,725 | €364,371 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Auditor
The auditor is Moore Audit.
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Fee for the audit | - | - | - | €11,500 | €11,952 |
| Other work by the auditor | - | - | - | €12,890 | €3,018 |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
Subsidies and aid
Flemish government
2023 to 2025 · 3 entries · €47,328 awarded · €47,328 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €528 | €528 |
| 2024 | 1 | €28,080 | €28,080 |
| 2023 | 1 | €18,720 | €18,720 |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | - | - | €36.7m | €43.9m | €46.2m | ▲ 5.1% |
| Turnover70 | - | - | - | - | - | €36.4m | €43.8m | €45.9m | ▲ 4.9% |
| Other operating income74 | - | - | - | - | - | €0.3m | €0.1m | €0.2m | ▲ 72.5% |
| Non-recurring operating income76A | - | - | - | €0.007m | €0.08m | €0.04m | €0 | €0.007m | - |
| Operating charges60/66A | - | - | - | - | - | €36.0m | €43.3m | €45.1m | ▲ 4.3% |
| Goods for resale, raw materials and consumables60 | - | - | - | - | - | €33.4m | €40.4m | €42.3m | ▲ 4.7% |
| Purchases600/8 | - | - | - | - | - | €33.3m | €40.6m | €42.2m | ▲ 4.0% |
| Change in stocks: decrease (increase)609 | - | - | - | - | - | €0.05m | -€0.2m | €0.05m | - |
| Services and other goods61 | - | - | - | - | - | €1.5m | €1.7m | €1.7m | ▲ 1.3% |
| Remuneration, social security and pensions62 | - | - | - | €0.5m | €0.5m | €0.6m | €0.7m | €0.7m | ▼ 1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.3m | €0.3m | €0.4m | ▲ 24.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€329 | €0.003m | €0.009m | €0.006m | €0.009m | ▲ 43.1% |
| Other operating charges640/8 | - | - | - | €0.008m | €0.02m | €0.1m | €0.004m | €0.003m | ▼ 29.1% |
| Non-recurring operating charges66A | - | - | - | €0.02m | €0.06m | €0.06m | €0.2m | €0.05m | ▼ 68.7% |
| Gross operating margin9900 | €0.6m | €0.7m | €0.2m | €0.4m | €1.6m | - | - | - | - |
| Operating profit (loss)9901 | -€0.2m | -€0.06m | -€0.5m | -€0.4m | €0.7m | €0.7m | €0.6m | €1.0m | ▲ 63.1% |
| Financial income75/76B | - | - | - | €0.001m | €0.001m | €0.01m | €347 | €0.008m | ▲ 22× |
| Recurring financial income75 | €29 | €0.002m | €0.001m | €0.001m | €0.001m | €0.01m | €347 | €0.008m | ▲ 22× |
| Income from current assets751 | - | - | - | - | - | - | €0 | €0.002m | ▲ 6,483× |
| Other financial income752/9 | - | - | - | - | - | €0.01m | €347 | €0.005m | ▲ 16× |
| Financial charges65/66B | - | - | - | €0.08m | €0.09m | €0.03m | €0.06m | €0.05m | ▼ 17.5% |
| Recurring financial charges65 | €0.09m | €0.08m | €0.07m | €0.08m | €0.09m | €0.03m | €0.06m | €0.05m | ▼ 17.5% |
| Debt charges650 | - | - | - | - | - | €0.005m | €0.004m | €0.004m | ▼ 5.7% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | - | - | - | - | - | €0 | - | - | - |
| Other financial charges652/9 | - | - | - | - | - | €0.03m | €0.06m | €0.05m | ▼ 18.2% |
| Profit (loss) for the period before taxes9903 | -€0.3m | -€0.1m | -€0.5m | -€0.5m | €0.6m | €0.7m | €0.6m | €1.0m | ▲ 73.3% |
| Income taxes67/77 | €0.001m | €0.001m | €0.001m | €0.001m | €0.5m | €0.001m | €0.001m | €0.002m | ▲ 68.9% |
| Taxes670/3 | - | - | - | - | - | €0.001m | €0.001m | €0.002m | ▲ 68.9% |
| Profit (loss) for the period9904 | -€0.3m | -€0.1m | -€0.5m | -€0.5m | €0.02m | €0.7m | €0.6m | €1.0m | ▲ 73.3% |
| Profit (loss) for the period to be appropriated9905 | -€0.3m | -€0.1m | -€0.5m | -€0.5m | €0.02m | €0.7m | €0.6m | €1.0m | ▲ 73.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €6.6m | €6.8m | €6.3m | €7.3m | €4.8m | €6.1m | €7.9m | €9.5m | ▲ 19.4% |
| Formation expenses20 | €0.3m | €0.2m | €0.04m | €0.001m | €0 | - | - | - | - |
| Fixed assets21/28 | €1.8m | €1.8m | €1.6m | €2.0m | €2.5m | €3.6m | €5.1m | €6.4m | ▲ 25.2% |
| Intangible fixed assets21 | €0.05m | €0.05m | €0.04m | €0.03m | €0.03m | €0.03m | €0.03m | €0.02m | ▼ 9.9% |
| Tangible fixed assets22/27 | €1.7m | €1.7m | €1.6m | €1.9m | €2.5m | €3.6m | €3.6m | €4.9m | ▲ 35.6% |
| Land and buildings22 | - | - | - | €1.0m | €1.5m | €2.0m | €2.0m | €2.5m | ▲ 25.1% |
| Plant, machinery and equipment23 | - | - | - | - | - | - | - | €0.002m | - |
| Furniture and vehicles24 | - | - | - | €0.04m | €0.2m | €0.2m | €0.1m | €0.08m | ▼ 31.9% |
| Other tangible fixed assets26 | - | - | - | €0.8m | €0.8m | €1.4m | €1.5m | €2.3m | ▲ 54.9% |
| Financial fixed assets28 | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €1.5m | €1.5m | ▲ 0.4% |
| Affiliated companies280/1 | - | - | - | - | - | - | €1.5m | €1.5m | = |
| Participating interests280 | - | - | - | - | - | - | €1.5m | €1.5m | = |
| Other financial fixed assets284/8 | - | - | - | - | - | €0.01m | €0.006m | €0.01m | ▲ 84.7% |
| Amounts receivable and cash guarantees285/8 | - | - | - | - | - | €0.01m | €0.006m | €0.01m | ▲ 84.7% |
| Current assets29/58 | €4.6m | €4.9m | €4.6m | €5.3m | €2.3m | €2.5m | €2.8m | €3.1m | ▲ 9.0% |
| Amounts receivable after more than one year29 | - | - | - | €0.5m | €0 | - | - | - | - |
| Other amounts receivable291 | - | - | - | €0.5m | €0 | - | - | - | - |
| Stocks and contracts in progress3 | €0.6m | €0.7m | €0.5m | €0.8m | €0.9m | €0.8m | €1.1m | €1.0m | ▼ 4.7% |
| Stocks30/36 | - | - | - | €0.8m | €0.9m | €0.8m | €1.1m | €1.0m | ▼ 4.7% |
| Goods purchased for resale34 | - | - | - | - | - | €0.8m | €1.1m | €1.0m | ▼ 4.7% |
| Amounts receivable within one year40/41 | €3.1m | €3.3m | €3.3m | €3.2m | €0.6m | €0.6m | €1.0m | €1.3m | ▲ 30.7% |
| Trade receivables40 | - | - | - | €0.6m | €0.6m | €0.6m | €1.0m | €1.1m | ▲ 19.2% |
| Other amounts receivable41 | - | - | - | €2.6m | €493 | €0.001m | €0.04m | €0.2m | ▲ 305% |
| Current investments50/53 | €0 | - | - | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.2m | €0.2m | €0.2m | €0.8m | €0.8m | €1.1m | €0.7m | €0.7m | ▲ 0.8% |
| Deferred charges and accrued income490/1 | - | - | - | €0.03m | €0.01m | €0.03m | €0.05m | €0.04m | ▼ 18.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €6.6m | €6.8m | €6.3m | €7.3m | €4.8m | €6.1m | €7.9m | €9.5m | ▲ 19.4% |
| Equity10/15 | -€0.4m | -€0.6m | -€1.1m | -€1.6m | €1.9m | €2.6m | €3.2m | €4.2m | ▲ 31.3% |
| Contributions10/11 | €1.0m | €1.0m | €1.0m | €1.1m | €4.6m | €4.6m | €4.6m | €4.6m | = |
| Capital10 | - | - | - | €1.0m | €4.5m | €4.5m | €4.5m | €4.5m | = |
| Issued capital100 | - | - | - | €1.0m | €4.5m | €4.5m | €4.5m | €4.5m | = |
| Contributions outside capital11 | - | - | - | €0.007m | €0.007m | €0.007m | €0.007m | €0.007m | = |
| Share premium1100/10 | - | - | - | €0.007m | €0.007m | €0.007m | €0.007m | €0.007m | = |
| Reserves13 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Non-distributable reserves130/1 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Legal reserve130 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Distributable reserves133 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Profit (loss) carried forward14 | -€1.5m | -€1.6m | -€2.2m | -€2.7m | -€2.7m | -€2.0m | -€1.4m | -€0.4m | ▲ 72.4% |
| Provisions and deferred taxes16 | €0 | - | - | - | - | - | - | - | - |
| Amounts payable17/49 | €7.0m | €7.4m | €7.4m | €8.9m | €2.9m | €3.5m | €4.7m | €5.3m | ▲ 11.5% |
| Amounts payable after more than one year17 | €0.2m | €0.2m | €0.2m | €0.5m | €0.9m | €1.4m | €2.8m | €2.6m | ▼ 6.6% |
| Financial debts170/4 | - | - | - | €0.5m | €0.9m | €1.4m | €2.8m | €2.6m | ▼ 6.6% |
| Credit institutions173 | - | - | - | - | - | €0.07m | €0.04m | €0.01m | ▼ 74.5% |
| Other loans174 | - | - | - | - | - | €1.4m | €2.8m | €2.6m | ▼ 5.6% |
| Amounts payable within one year42/48 | €6.8m | €7.2m | €7.2m | €8.4m | €2.0m | €2.1m | €1.9m | €2.6m | ▲ 37.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.2m | ▲ 532% |
| Financial debts43 | - | - | - | €1.2m | €0 | - | - | - | - |
| Credit institutions430/8 | - | - | - | €1.2m | €0 | - | - | - | - |
| Trade debts44 | €5.6m | €5.9m | €6.0m | €7.1m | €1.9m | €1.9m | €1.6m | €2.2m | ▲ 38.1% |
| Suppliers440/4 | - | - | - | €7.1m | €1.9m | €1.9m | €1.6m | €2.2m | ▲ 38.1% |
| Taxes, remuneration and social security45 | - | - | - | €0.06m | €0.05m | €0.2m | €0.2m | €0.1m | ▼ 40.3% |
| Taxes450/3 | - | - | - | €0.001m | €0.004m | €0.1m | €0.09m | €0.02m | ▼ 73.4% |
| Remuneration and social security454/9 | - | - | - | €0.06m | €0.04m | €0.05m | €0.08m | €0.08m | ▼ 6.1% |
| Other amounts payable47/48 | - | - | - | €0 | - | - | €0.1m | €0.1m | ▲ 19.5% |
| Accrued charges and deferred income492/3 | - | - | - | €0.01m | €0.01m | €0.01m | €0.04m | €0.05m | ▲ 43.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.3m | -€0.1m | -€0.5m | -€0.5m | €0.02m | €0.7m | €0.6m | €1.0m | ▲ 73.3% |
| + Depreciation and write-downs630 | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.3m | €0.3m | €0.4m | ▲ 24.5% |
| Operating cash flow (approximation) | €0.1m | €0.2m | -€0.2m | -€0.2m | €0.4m | €1.0m | €0.9m | €1.4m | ▲ 56.8% |
| Investment in fixed assets (approximation) | - | -€0.4m | -€0.2m | -€0.7m | -€0.9m | -€1.5m | -€1.8m | -€1.7m | ▲ 7.1% |
| Change in cash | - | -€0.03m | -€0.04m | €0.6m | €0.05m | €0.3m | -€0.4m | €0.006m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 31,368 companies had the same profile as POLLET has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of POLLET 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.
| 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 31,368 companies, not a prediction for POLLET. 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.
Latest 10 of 28 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 21-07-2026 | 2026-00313909 | |
| 31-12-2024 | full format | 24-06-2025 | 2025-00176757 | |
| 31-12-2023 | full format | 10-07-2024 | 2024-00241040 | |
| 31-12-2022 | abbreviated format | 21-09-2023 | 2023-00454437 | |
| 31-12-2021 | abbreviated format | 12-10-2022 | 2022-20461067 | |
| 31-12-2020 | abbreviated format | 13-08-2021 | 2021-49000344 | |
| 31-12-2019 | abbreviated format | 01-10-2020 | 2020-58600112 | |
| 31-12-2018 | abbreviated format | 13-08-2019 | 2019-47000433 | |
| 31-12-2017 | full format | 28-08-2018 | 2018-55800032 | |
| 31-12-2016 | full format | 21-08-2017 | 2017-45400481 |