POLO
ActiveSummary
POLO has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€207,294) and a net result of -€6,456. Equity is shrinking by ~3.4% per year across the filed fiscal years. Its solvency ranks better than 5% of 970 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability61▼-17
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.42 against 0.47 in 2024; short-term debt: 175.7% and cash: 28.3% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-189.8%
Return on assets
-5.9%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 18
Relative position
BE, all sectors
reference
Printing and reproduction of recorded media (NACE 18)
about 11% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€207,294
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-08-2026, 6 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
6 d late
2024
28 d late
2023
23 d early
2022
29 d late
2021
9 d early
2020
31 d early
2019
7 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 1 day before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 38% of the sector filed 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 6 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€207,294▼ 3.2%
2024 · -€200,838
Total assets
€109,234▼ 16.4%
2024 · €130,589
Net result
-€6,456
2024 · €9,300
Working capital
-€111,721▼ 1.3%
2024 · -€110,249
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 18, Printing and reproduction of recorded media, 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-€19,151▲ 31.2%-€17,194▲ 10.2%€9,319€9,489▲ 1.8%-€6,243
Net result-€18,106below the sector's middle half▲ 34.8%-€17,293below the sector's middle half▲ 4.5%€9,283within the sector's middle half€9,300within the sector's middle half▲ 0.2%-€6,456below the sector's middle half
Equity-€202,129below the sector's middle half▼ 9.8%-€219,421below the sector's middle half▼ 8.6%-€210,138below the sector's middle half▲ 4.2%-€200,838below the sector's middle half▲ 4.4%-€207,294below the sector's middle half▼ 3.2%
Total assets€115,529within the sector's middle half▼ 20.8%€128,964within the sector's middle half▲ 11.6%€126,095within the sector's middle half▼ 2.2%€130,589within the sector's middle half▲ 3.6%€109,234within the sector's middle half▼ 16.4%
Debt€317,657▼ 3.7%€348,385▲ 9.7%€336,233▼ 3.5%€331,427▼ 1.4%€316,528▼ 4.5%
Working capital-€97,667below the sector's middle half▼ 17.5%-€129,265below the sector's middle half▼ 32.4%-€116,550below the sector's middle half▲ 9.8%-€110,249below the sector's middle half▲ 5.4%-€111,721below the sector's middle half▼ 1.3%
Solvency-175.0%below the sector's middle half▼ 48.8pp-170.1%below the sector's middle half▲ 4.8pp-166.7%below the sector's middle half▲ 3.5pp-153.8%below the sector's middle half▲ 12.9pp-189.8%below the sector's middle half▼ 36.0pp
Current ratio0.49below the sector's middle half▼ 0.100.42below the sector's middle half▼ 0.070.45below the sector's middle half▲ 0.030.47below the sector's middle half▲ 0.020.42below the sector's middle half▼ 0.05
Return on assets (ROA)-15.7%below the sector's middle half▲ 3.4pp-13.4%below the sector's middle half▲ 2.3pp7.4%within the sector's middle half▲ 20.8pp7.1%within the sector's middle half▼ 0.2pp-5.9%below the sector's middle half▼ 13.0pp
above
within
below
the middle half (P25 to P75) of NACE 18, Printing and reproduction of recorded media, 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
The operating result turns negative in 2025: a loss of €6,243 after €9,489 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €109,234
Fixed assets
€29,006 ▼ 14.7%
Current assets
€80,228 ▼ 16.9%
Key figures and ratios
EBITDA
€6,544▼
2024 · €21,860
Cash flow
€6,331▼
2024 · €21,671
Quick ratio
0.37▼
2024 · 0.43
Debt to equity
-1.53▲
2024 · -1.65
Interest coverage
19.15▼
2024 · 51.09
Debt ≤ 1 year
€191,949▼
2024 · €206,849
Debt > 1 year
€124,579=
2024 · €124,579
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,799 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- negative equity
- a small loss
1.9%
went bankrupt
5.9%
stopped otherwise
90%
still going
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 2,799 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €1,000 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,374 | €12,730 | €11,219 | €12,372 | €12,787 | ▲ 3.4% |
| Other operating charges640/8 | €1,000 | €1,015 | €1,204 | €1,103 | €1,423 | ▲ 29.0% |
| Gross operating margin9900 | -€6,777 | -€3,449 | €21,743 | €22,964 | €7,967 | ▼ 65.3% |
| Operating profit (loss)9901 | -€19,151 | -€17,194 | €9,319 | €9,489 | -€6,243 | ▼ 166% |
| Financial income75/76B | €1,427 | €40 | €106 | €239 | €129 | ▼ 46.1% |
| Recurring financial income75 | €1,137 | €40 | €106 | €239 | €129 | ▼ 46.1% |
| Non-recurring financial income76B | €290 | - | - | - | - | - |
| Financial charges65/66B | €382 | €139 | €142 | €428 | €342 | ▼ 20.1% |
| Recurring financial charges65 | €126 | €139 | €142 | €428 | €342 | ▼ 20.1% |
| Non-recurring financial charges66B | €257 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€18,106 | -€17,293 | €9,283 | €9,300 | -€6,456 | ▼ 169% |
| Profit (loss) for the period9904 | -€18,106 | -€17,293 | €9,283 | €9,300 | -€6,456 | ▼ 169% |
| Profit (loss) for the period to be appropriated9905 | -€18,106 | -€17,293 | €9,283 | €9,300 | -€6,456 | ▼ 169% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €115,529 | €128,964 | €126,095 | €130,589 | €109,234 | ▼ 16.4% |
| Fixed assets21/28 | €20,117 | €34,422 | €30,991 | €33,990 | €29,006 | ▼ 14.7% |
| Tangible fixed assets22/27 | €19,671 | €33,976 | €30,545 | €33,543 | €28,560 | ▼ 14.9% |
| Plant, machinery and equipment23 | €10,643 | €26,754 | €25,844 | €27,613 | €23,713 | ▼ 14.1% |
| Furniture and vehicles24 | €5,448 | €4,396 | €2,627 | €4,204 | €3,961 | ▼ 5.8% |
| Other tangible fixed assets26 | €3,580 | €2,827 | €2,073 | €1,726 | €886 | ▼ 48.7% |
| Financial fixed assets28 | €446 | €446 | €446 | €446 | €446 | = |
| Current assets29/58 | €95,412 | €94,541 | €95,104 | €96,600 | €80,228 | ▼ 16.9% |
| Stocks and contracts in progress3 | €12,428 | €6,925 | €7,087 | €7,659 | €9,000 | ▲ 17.5% |
| Stocks30/36 | €12,428 | €6,925 | €7,087 | €7,659 | €9,000 | ▲ 17.5% |
| Amounts receivable within one year40/41 | €40,461 | €65,421 | €55,699 | €44,222 | €30,857 | ▼ 30.2% |
| Trade receivables40 | €40,461 | €65,421 | €55,690 | €44,206 | €30,841 | ▼ 30.2% |
| Other amounts receivable41 | - | - | €9 | €16 | €16 | ▲ 1.6% |
| Current investments50/53 | €8,881 | €8,881 | €8,902 | €8,939 | €8,977 | ▲ 0.4% |
| Cash at bank and in hand54/58 | €33,642 | €13,061 | €23,416 | €35,779 | €30,938 | ▼ 13.5% |
| Deferred charges and accrued income490/1 | - | €253 | - | - | €457 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €115,529 | €128,964 | €126,095 | €130,589 | €109,234 | ▼ 16.4% |
| Equity10/15 | -€202,129 | -€219,421 | -€210,138 | -€200,838 | -€207,294 | ▼ 3.2% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €28,034 | €28,034 | €28,034 | €28,034 | €28,034 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | - | - | - | - |
| Reserves not available under the articles1311 | €1,859 | €1,859 | - | - | - | - |
| Distributable reserves133 | €26,175 | €26,175 | €28,034 | €28,034 | €28,034 | = |
| Profit (loss) carried forward14 | -€248,754 | -€266,047 | -€256,764 | -€247,464 | -€253,920 | ▼ 2.6% |
| Amounts payable17/49 | €317,657 | €348,385 | €336,233 | €331,427 | €316,528 | ▼ 4.5% |
| Amounts payable after more than one year17 | €124,579 | €124,579 | €124,579 | €124,579 | €124,579 | = |
| Financial debts170/4 | €124,579 | €124,579 | €124,579 | €124,579 | €124,579 | = |
| Amounts payable within one year42/48 | €193,079 | €223,806 | €211,654 | €206,849 | €191,949 | ▼ 7.2% |
| Trade debts44 | €2,890 | €12,291 | €4,300 | €6,401 | €9,191 | ▲ 43.6% |
| Suppliers440/4 | €2,890 | €12,291 | €4,300 | €6,401 | €9,191 | ▲ 43.6% |
| Taxes, remuneration and social security45 | €6,026 | €7,705 | €7,031 | €5,990 | €7,880 | ▲ 31.6% |
| Taxes450/3 | €6,026 | €7,705 | €7,031 | €5,990 | €7,880 | ▲ 31.6% |
| Other amounts payable47/48 | €184,162 | €203,810 | €200,322 | €194,458 | €174,879 | ▼ 10.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€18,106 | -€17,293 | €9,283 | €9,300 | -€6,456 | ▼ 169% |
| + Depreciation and write-downs630 | €11,374 | €12,730 | €11,219 | €12,372 | €12,787 | ▲ 3.4% |
| Operating cash flow (approximation) | -€6,732 | -€4,563 | €20,502 | €21,671 | €6,331 | ▼ 70.8% |
| Investment in fixed assets (approximation) | - | -€27,035 | -€7,787 | -€15,370 | -€7,804 | ▲ 49.2% |
| Change in cash | - | -€20,581 | €10,355 | €12,364 | -€4,841 | ▼ 139% |
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
2026
06-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 6 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €9,283
Net result €9,283 after 3 loss-making years.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€27,774
Net result drops to -€27,774, the lowest in the series; recovery starts the following year.
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €13,612
Net result €13,612 after one loss-making year.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are 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, Gent · 1 establishment unit since 1997
Ground area
118 m²
Building footprint
69 m²
Volume, LiDAR
808 m³
Parcel 44811L0017/00E009, Flanders · tallest building 17.1 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Eendrachtstraat 96, 9000 Gent
since 19972.080.061.862
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44811L0017/00E009 | Flanders | 118 m² | 1 · 69 m² | 17.1 m · 5 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 716 EUR awarded · 716 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 716 EUR | 716 EUR |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 2,856 companies in sector 18130 we hold annual accounts for 832. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded14-01-1997
Fiscal year end31-12
Activities, NACEBEL 2025
18130Pre-press and pre-media services
18120Other printing
46370Wholesale trade
47279Other retail sale of food
Contact
E-mail
info@polo-gent.be
Phone
0495286612
E-invoicing
Reachable via Peppol
Peppol ID
0208:0459835428
Also
9925:BE0459835428
Registered
30-10-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.