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PolyArtes

Active Private limited companyfounded 2011active for 15 yearsKorsele 1, 9667 HorebekeKBO/BCE: BE 0837.648.151 #7 oldest company in Horebeke, Professional and technical services sector

Lifetime

14 annual accounts with figures on one time axis
peak €22,469 (2013)
-€5,493▼ €7,734
lowest -€18,540 (2017)
-€12,882▼ €5,667
peak €17,257 (2013)
-€21,416▼ €12,882
€75,345▲ 6.7%
Board1 name since 2022
1 director
Documentsfilings and deeds
04-12-202558 days before the deadline
2025micro format
Gross margin from €2,241 to -€5,493Loss of €12,882Equity from -€8,534 to -€21,416Cash from €3,602 to €1,820

Key points

from the 2025 annual accounts

Equity

-€21,416
202020212022202320242025

Debts exceed assets in financial year 2025.

Losses

-€20,097 in two years
-7,2152024-12,8822025

The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.

Debts

€75,345 140% of the balance sheet
Financial debts 40%Suppliers 1%Taxes and wages 13%Other 45%

Of this, €44,898 falls due within a year.

Turnover not published (micro format)

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 6,920 companies had the same profile as PolyArtes has now. Each dot stands for 18 companies, two years later.

85.3%
were still trading
8.3%
stopped another way
5.8%
went bankrupt
  • Micro
  • 10 to 20 years old
  • negative equity
  • a loss of 10% of the balance sheet or more

Another 0.7% stopped without a precise date, possibly only after those two years.

Test of the method

The method was tested on the 497,762 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 2.9% 3.1%
10 5.6% 6.1%

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 6,920 companies, not a prediction for PolyArtes. 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.

Credit verdict

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Board and ownership

Director
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0837648151
Change of role: , from manager to director “- De Huisdierfotograaf: de hoofdspecialiteit is het portretteren van huisdieren. Als De Huisdierfotograaf…” (deed in Dutch) · Director discharge: · Legal-form conversion: from private limited company (pre-2019) to private limited company · General meeting of 19-07-2023 · Gazette deed
Incorporation published on 19-07-2011 · Gazette deed
First establishment Korsele 1, Horebeke
All 24 events

Comparable companies

same main activity, similar in size and age
Company
PolyArtes Horebeke €53,929 -€5,493 -39.7% -
GEORGES DE KINDER PHOTOGRAPHE Jette €56,354 -€4,165 46.7% -
KHO'N SUL'T Anderlecht €51,804 €811 98.2% -
Avandes Kruisem €43,630 €1,288 35.4% -
PDV PRESS COMPANY Wetteren €55,383 €500 60.3% -
ISAMO Services Tongeren-Borgloon €45,822 -€8,442 49.9% -
TD STUDIO Tournai €44,060 -€6,069 -149.6% -

These companies have the same main activity as PolyArtes: photography, excluding press photography (NACE 74201). They are comparable in size and age: total assets between €43,600 and €56,400, founded between 2006 and 2013.

Official details

Source: KBO
Status
Active since 07-07-2011Normal situation
Activity
Photography, excluding press photographyNACE 74201and 2 others
Establishment unit
2.200.789.3499667 Horebeke, since 07-07-2011
Financial year end
30 June
Peppol
Reachable since 02-04-2025
Company details

Annual accounts to 30-06-2025

€53,929▼ 13.1%
Filing
Filed on 04-12-2025, 58 days before the end of the filing period
Financials

Insights on PolyArtes

PolyArtes files the micro format. That format states no turnover. The gross margin fell from €181 in 2012 to -€5,493 in 2025.

The balance sheet grew most from 2021 to 2023 through fixed assets.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.

Key facts about PolyArtes

What is the company number of PolyArtes?
The company number of PolyArtes is 0837.648.151. The VAT number is the same number with BE in front: BE 0837.648.151.
Where is PolyArtes based?
The registered office is at Korsele 1, 9667 Horebeke.Company details
What does PolyArtes do?
According to the KBO register, the main activity is photography, excluding press photography (NACE 74201).
What is the legal form of PolyArtes?
PolyArtes is a private limited company (BV).
When was PolyArtes founded?
PolyArtes was founded on 07-07-2011.
Is PolyArtes still active?
Yes, PolyArtes is an active enterprise in the KBO register.
What is the turnover of PolyArtes?
The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
Is PolyArtes profitable?
In financial year 2025, PolyArtes made a loss of €12,882.
Where can I find the annual accounts of PolyArtes?
PolyArtes filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of PolyArtes due?
PolyArtes must file the annual accounts for financial year 2026 by 31-01-2027.Timeline

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