POLLINO
InactivePOLLINO was declared bankrupt on 10-10-2023 (Ondernemingsrechtbank Brussel); the bankruptcy was closed by liquidation by judgment of 14-01-2025, published in the Belgian State Gazette on 20-01-2025.
Summary
Inactive; last annual accounts for fiscal year 2022.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline24-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 02-08-2023, 2 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
2 d late
2021
75 d late
2020
1 d early
2019
53 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, abbreviated schema
Equity
€249k▲ 0.6%
2021 · €248k
2018: €163k
2019: €195k
2020: €229k
2021: €248k
2018 → 2022
Total assets
€356k▲ 28.4%
2021 · €277k
2018: €537k
2019: €429k
2020: €395k
2021: €277k
2018 → 2022
Net result
€1k▼ 92.4%
2021 · €19k
2018: €22k
2019: €32k
2020: €34k
2021: €19k
2018 → 2022
Working capital
€205k▲ 4.1%
2021 · €197k
2018: €92k
2019: €132k
2020: €174k
2021: €197k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€163k-€195k▲ 19.4%€229k▲ 17.3%€248k▲ 8.4%€249k▲ 0.6%
Operating result€74k-€-10k€50k€31k▼ 38.7%€12k▼ 61.2%
Net result€22k-€32k▲ 44.6%€34k▲ 6.6%€19k▼ 42.8%€1k▼ 92.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2022 is 61% below 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €356k
Fixed assets
€44k ▼ 13.1%
Current assets
€312k ▲ 37.6%
Equity and liabilities €356k
Equity
€249k ▲ 0.6%
Debt
€107k ▲ 263%
Debt's share of the balance-sheet total rises from 10.6% to 30.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€19k▼
2021 · €37k
Cash flow
€8k▼
2021 · €25k
Current ratio
2.93▼
2021 · 7.71
Debt to equity
0.43▲
2021 · 0.12
ROE
0.6%▼
2021 · 7.8%
ROA
0.4%▼
2021 · 7.0%
Interest coverage
5.60▼
2021 · 11.92
Debt ≤ 1 year
€107k▲
2021 · €29k
Income taxes
€7k▼
2021 · €8k
Staff costs
€153k▼
2021 · €153k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2022 against 2021 · 48 lines
Balance sheet
Code20212022
Assets
Total assets20/58€277k€356k▲
Fixed assets21/28€50k€44k▼
Tangible fixed assets22/27€50k€44k▼
Land and buildings22€31k€28k▼
Plant, machinery and equipment23€9k€7k▼
Furniture and vehicles24€9k€9k▼
Other tangible fixed assets26€594-
Financial fixed assets28€74€74=
Current assets29/58€227k€312k▲
Amounts receivable within one year40/41€216k€202k▼
Trade receivables40€146k€146k=
Other amounts receivable41€71k€56k▼
Cash at bank and in hand54/58€10k€107k▲
Deferred charges and accrued income490/1-€3k
Equity and liabilities
Total equity and liabilities10/49€277k€356k▲
Equity10/15€248k€249k▲
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€18k€18k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Tax-exempt reserves132€16k€16k=
Profit (loss) carried forward14€211k€213k▲
Amounts payable17/49€29k€107k▲
Amounts payable within one year42/48€29k€107k▲
Trade debts44€23k€41k▲
Suppliers440/4€23k€41k▲
Taxes, remuneration and social security45-€59k
Taxes450/3-€3k
Remuneration and social security454/9-€56k
Other amounts payable47/48€7k€7k▼
Income statement
Code20212022
Remuneration, social security and pensions62€153k€153k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€7k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€192k€174k▼
Operating profit (loss)9901€31k€12k▼
Financial income75/76B€19-
Recurring financial income75€19-
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€28k€9k▼
Income taxes67/77€8k€7k▼
Profit (loss) for the period9904€19k€1k▼
Profit (loss) for the period to be appropriated9905€19k€1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€211k€213k▲
Profit (loss) brought forward from the previous period14P€192k€211k▲
Social balance
Average headcount (FTE)9087-6.5
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
20-01
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Brussel · POLLINO BV NINOOFSESTEENWEG 1130 1130, 1080 BRUSSEL 8 · event 14-01-2025
2023
18-10
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · POLLINO BV NINOOFSE- STEENWEG 1130 1130, 1080 BRUSSEL 8 · event 10-10-2023
02-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 2 days late
2022
31-12
Financial
Weakest financial yearnet €1k ▼92.4%
Net result drops to €1k, the lowest in the series.
14-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 75 days late
2021
31-12
Financial
Liquidity quadruplescurrent ratio 7.71
Current ratio from 2.04 to 7.71; short-term debt falls from €167k to €29k.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €34k ▲6.6%
Net result €34k, the highest in the series.
31-12
Financial
Equity above €200kEq €229k ▲17.3%
3 profitable years in a row build equity to €229k.
08-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
11-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 133 days late
2018
04-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 35 days late
Show earlier events
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 22 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
2015
16-12
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 138 days late
2014
10-09
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 41 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | BERT DEHANDSCHUTTER EDMOND TOLLENAERE-
STRAAT 56-76 B23, 1020 BRUSSEL 2- bert.dehandschutter@modo-
law.be |
10-10-2023 → 14-01-2025 |