POLYBE
ActiveSummary
POLYBE has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3,997. Equity is shrinking by about 15% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2028. Its solvency ranks better than 28% of 9,643 sector peers (NACE 82, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Staff
- 0.7 FTE
- Equity
- €3,997
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Largest shareholder
- Dr. R. Van Paesschen · 50%
- Raf Van PaesschenDirector
Signalsraises risk1 of the last 3 latelowers riskLiquidity: current ratio 4.34, cash €14,981, halvedSector: Office administrative, office support and other business support activities (NACE 82)Founded in 2012neutralLatest accounts filed on timeShow the evidence
Bankruptcy probability
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 7 accounts on average 21 days after the deadline; the sector median (NACE 82) for financial year 2024 is 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Annual accounts filedfinancial year 2023 · micro…
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 47% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 82, Office administrative, office support and other business support activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Equity, Total assets, Working capital, Solvency, Current ratio, Staff (FTE).
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €169,889 | €147,906 | €112,761 | €114,251 | €100,793 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €59,887 | €37,487 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €54,486 | €62,827 | €50,473 | €9,198 | €10,081 | ▲ 9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €242 | - | - | - | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €862 | €378 | €132 | €528 | €2,384 | ▲ 352% |
| Non-recurring operating charges66A | - | - | - | €219 | - | €1,138 | €2,349 | €0 | ▼ 100% |
| Gross operating margin9900 | €108,766 | €87,892 | €63,756 | €54,729 | €63,306 | €51,960 | €12,762 | €12,833 | ▲ 0.6% |
| Operating profit (loss)9901 | €2,719 | €1,549 | €1,338 | -€838 | €101 | €218 | €688 | €368 | ▼ 46.5% |
| Financial income75/76B | - | - | - | €490 | - | €1 | €94 | €549 | ▲ 485% |
| Recurring financial income75 | - | - | - | €490 | - | €1 | €94 | €549 | ▲ 485% |
| Financial charges65/66B | - | - | - | €97 | €101 | €103 | €37 | €102 | ▲ 174% |
| Recurring financial charges65 | €89 | €90 | €201 | €97 | €101 | €103 | €37 | €102 | ▲ 174% |
| Profit (loss) for the period before taxes9903 | €2,630 | €1,459 | €1,137 | -€445 | - | €116 | €744 | €814 | ▲ 9.5% |
| Income taxes67/77 | €2,630 | €1,459 | €1,137 | -€445 | - | €116 | €744 | €814 | ▲ 9.5% |
| Profit (loss) for the period9904 | - | - | €0 | - | - | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €77,944 | €66,992 | €63,859 | €55,352 | €49,818 | €36,215 | €45,578 | €18,185 | ▼ 60.1% |
| Fixed assets21/28 | €6,000 | €6,000 | €6,000 | €3,750 | €3,750 | €3,750 | €0 | - | - |
| Tangible fixed assets22/27 | €0 | €0 | - | - | - | - | - | - | - |
| Financial fixed assets28 | €6,000 | €6,000 | €6,000 | €3,750 | €3,750 | €3,750 | €0 | - | - |
| Current assets29/58 | €71,944 | €60,992 | €57,859 | €51,602 | €46,068 | €32,465 | €45,578 | €18,185 | ▼ 60.1% |
| Amounts receivable within one year40/41 | €36,934 | €35,757 | €20,946 | €24,507 | €34,843 | €17,541 | €9,259 | €3,204 | ▼ 65.4% |
| Trade receivables40 | - | - | - | - | - | - | €457 | €737 | ▲ 61.3% |
| Other amounts receivable41 | - | - | - | €24,507 | €34,843 | €17,541 | €8,803 | €2,468 | ▼ 72.0% |
| Cash at bank and in hand54/58 | €34,975 | €25,235 | €36,913 | €27,094 | €11,225 | €14,924 | €36,319 | €14,981 | ▼ 58.8% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €77,944 | €66,992 | €63,859 | €55,352 | €49,818 | €36,215 | €45,578 | €18,185 | ▼ 60.1% |
| Equity10/15 | €49,997 | €39,997 | €39,997 | €34,997 | €29,997 | €19,997 | €19,997 | €3,997 | ▼ 80.0% |
| Contributions10/11 | €50,000 | €40,000 | €40,000 | €35,000 | €30,000 | €20,000 | €20,000 | €4,000 | ▼ 80.0% |
| Capital10 | - | - | - | €35,000 | - | - | - | - | - |
| Issued capital100 | - | - | - | €35,000 | - | - | - | - | - |
| Profit (loss) carried forward14 | -€3 | -€3 | -€3 | -€3 | -€3 | -€3 | -€3 | -€3 | = |
| Provisions and deferred taxes16 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Provisions for liabilities and charges160/5 | - | - | - | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Environmental obligations163 | - | - | - | €10,000 | €10,000 | €10,000 | - | - | - |
| Other liabilities and charges164/5 | - | - | - | - | - | - | €10,000 | €10,000 | = |
| Amounts payable17/49 | €17,948 | €16,995 | €13,862 | €10,355 | €9,821 | €6,218 | €15,582 | €4,189 | ▼ 73.1% |
| Amounts payable within one year42/48 | €15,902 | €14,350 | €11,217 | €10,355 | €9,821 | €6,218 | €15,582 | €4,189 | ▼ 73.1% |
| Trade debts44 | €1,991 | €2,032 | €1,493 | €2,318 | €4,059 | €2,917 | €577 | €1,460 | ▲ 153% |
| Suppliers440/4 | - | - | - | €2,318 | €4,059 | €2,917 | €577 | €1,460 | ▲ 153% |
| Taxes, remuneration and social security45 | - | - | - | €8,037 | €5,762 | €2,601 | €1,025 | €1,044 | ▲ 1.9% |
| Taxes450/3 | - | - | - | €1,055 | €233 | €349 | €0 | - | - |
| Remuneration and social security454/9 | - | - | - | €6,982 | €5,529 | €2,252 | €1,025 | €1,044 | ▲ 1.9% |
| Other amounts payable47/48 | - | - | - | - | - | €700 | €13,980 | €1,685 | ▼ 88.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | - | - | €0 | - | - | - | - | - | - |
| + Depreciation and write-downs630 | €242 | - | - | - | - | - | - | - | - |
| Operating cash flow (approximation) | €242 | - | €0 | - | - | - | - | - | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | €2,250 | €0 | €0 | €3,750 | - | - |
| Change in cash | - | -€9,740 | €11,678 | -€9,819 | -€15,869 | €3,699 | €21,395 | -€21,338 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 13 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 30-07-2026 | 2026-00371544 |
| 31-12-2024 | micro format | 24-07-2025 | 2025-00311453 |
| 31-12-2023 | micro format | 27-09-2024 | 2024-00486866 |
| 31-12-2022 | abbreviated format | 23-08-2023 | 2023-00344673 |
| 31-12-2021 | abbreviated format | 22-08-2022 | 2022-20320069 |
| 31-12-2020 | abbreviated format | 23-08-2021 | 2021-52000362 |
| 31-12-2019 | abbreviated format | 31-08-2020 | 2020-49000096 |
| 31-12-2018 | abbreviated format | 28-08-2019 | 2019-53200248 |
| 31-12-2017 | abbreviated format | 29-08-2018 | 2018-54200449 |
| 31-12-2016 | abbreviated format | 29-08-2017 | 2017-50300514 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Raf Van Paesschen |
|
| VAN BETSBRUGGE Michiel Remi Maria Theresia |
|
| VANDEN BORRE Filip Johan Michel |
|
Owners and capital
Owners
3 ownersOwners 3
-
50%
-
12%
-
9.09%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- 25-06-2024 Converted to unavailable equity
Group and network
Connections & network
1 connected companyThe connected companies are in the list below.
History
Acts, filings and financial milestones
25-06
Gazette deed
Amendment of the articles · Legal-form change · Resignations & appointmentsResignations: VAN BETSBRUGGE Michiel Remi Maria Theresia, VANDEN BORRE Filip Johan Michel and VAN PAESSCHEN Raf · Appointment: VAN PAESSCHEN Raf (director) · Registered office clause18 facts ▸
- General meeting, “met eenparigheid van stemmen, buitengewone algemene vergadering van de vennoten” (deed in Dutch)
- Registered office clause, “enkel het Gewest waarin de zetel is gevestigd opnemen in statuten, indien de vennootschap wordt omgezet in een besloten vennootschap” (deed in Dutch)
- Legal-form conversion, “besloten vennootschap” (deed in Dutch)
- Capital conversion, “onbeschikbaar eigen vermogen” (deed in Dutch)
- Reserve release, “schrapping statutair onbeschikbare eigenvermogensrekening uit statuten, beschikbaar voor toekomstige uitkeringen” (deed in Dutch)
- Director resignation, VAN BETSBRUGGE Michiel Remi Maria Theresia (director)
- Director resignation, VANDEN BORRE Filip Johan Michel (director)
- Director resignation, VAN PAESSCHEN Raf (director)
- Director discharge, VAN BETSBRUGGE Michiel Remi Maria Theresia
- Director discharge, VANDEN BORRE Filip Johan Michel
- Director discharge, VAN PAESSCHEN Raf
- Director appointment, VAN PAESSCHEN Raf (director (not named in the articles))
- +6 further facts in this act
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 31 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 46003B0469/00G002 | Flanders | 1,926 m² | 1 · 207 m² | 17.3 m · 5 |
| 46502D0252/00N006 | Flanders | 204 m² | 1 · 110 m² | 10.2 m · 2 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Polybe
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, bij enkel besluit van het bestuursorgaan” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Één of meer bestuurders, algemene vergadering” (deed in Dutch)“Algemene kosten los van representatie- reis- en verplaatsingskosten, algemene vergadering” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- One provision in the deed
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Rechten waarvan overdracht wordt voorgesteld, helft overdrager en helft koper(s) naar evenredigheid verworven aantal aandelen” (deed in Dutch)
- Share issue ruleHow and by whom new shares can be issued.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- 25 June at 20:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Beslissing algemene vergadering in vormen vereist voor statutenwijziging, elk moment” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Ontbinding om welke reden en op welk ogenblik ook, recht algemene vergadering één of meerdere vereffenaars aan te duiden, bevoegdheden te…” (deed in Dutch)