Equity
-€14,750
Debts exceed assets in financial year 2025.
Polychrome
Overview
Lifetime
2 annual accounts with figures on one time axispeak €11,977 (2025)
€11,977▲ 323%
lowest -€8,507 (2025)
-€8,507▼ €265
peak -€6,243 (2024)
-€14,750▼ €8,507
€240,264▲ 194%
Board2 names since 2024
2 directorsColruyt, Gust Silja Jef and 1 other
Documentsfilings and deeds
30-07-20261 day before the deadline
2025micro format
Gross margin from €2,831 to €11,977Loss of €8,507Appointment: Lien Adriaensens (director) 19-05Equity from -€6,243 to -€14,750Debts from €81,769 to €240,264Investments €154,661
Key points
from the 2025 annual accountsLosses
-€16,750 in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
Turnover
≈ €55,000 estimated
The micro format states no turnover.
Debts
€240,264 107% of the balance sheet
Financial debts 0%Suppliers 4%Taxes and wages 0%Other 96%
Investments
€154,661 8.4 × depreciation
Green is investment, beige is depreciation.
Position in the sector
-€14,750
Less equity than 95% of companies in head offices and management consultancy. Sector median €78,216 · 39,400 companies.
Checked score
53
Fair
Financially stronger than 11% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
07-2025: 0.4%lowest value
08-2025: 0.4%● unchanged vs 07-2025lowest value
09-2025: 0.4%● unchanged vs 08-2025lowest value
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.5%▲ +0.1 percentage points vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.5%● unchanged vs 03-2026
05-2026: 0.5%● unchanged vs 04-2026
06-2026: 0.5%● unchanged vs 05-2026
07-2026: 0.6%▲ +0.1 percentage points vs 06-2026highest value
08-2026: 0.4%▼ -0.2 percentage points vs 07-2026
09-2026: 0.4%● unchanged vs 08-2026
10-2026: 0.4%● unchanged vs 09-2026
11-2026: 0.4%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€14,750
Founded in 2024
lowers risk
Sector: Activities of head offices; management consultancy activities (NACE 70)
Size: total assets €225,514
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 8% of them on solvency, 4% on liquidity, 29% on profitability and 2% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,555 companies had the same profile as Polychrome has now. Each dot stands for 4 companies, two years later.
91.6%
were still trading
3.6%
stopped another way
4.6%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Polychrome itself is lower: 0.4% within 12 months. It rests on far more data about Polychrome than the profile alone.
Test of the method
The method was tested on the 497,447 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 1,555 companies, not a prediction for Polychrome. 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
No credit on open account
Liquidity is insufficient, with a current ratio of 0.13 (0.21 in 2024), below 1. Short-term debt is 106.5% and cash 5.4% of total assets. Equity is negative.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2425
2024 to 2025 · latest year -€14,750
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
1 day early
2024
65 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 33 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1010282714
Appointment: Lien Adriaensens (director)
General meeting of 07-05-2025 · Gazette deed
Incorporation
Founding capital of €2,000, 200 shares · Founder: Colruyt, Gust Silja Jef · Appointment: Colruyt, Gust Silja Jef (director) · published on 14-06-2024 · Gazette deed
First establishment
Koning Albertlaan 43, Ghent
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Polychrome Ghent | €225,514 | €11,977 | -6.5% | - |
| Sudor Stekene | €283,104 | €11,749 | 54.7% | - |
| INTONARUMORI PROJECT Sint-Gillis (bij-Brussel) | €202,534 | €11,992 | 71.9% | - |
| LOUIS DE BELLEFROID MANAGEMENT Ixelles | €208,080 | €10,437 | -3.8% | - |
| FRISA Herve | €307,892 | €12,261 | 8.2% | - |
| MV Axis Group Liège | €207,723 | €13,501 | 7.2% | - |
| IMMO HUBERT A Léglise | €190,383 | €9,057 | 11.2% | - |
These companies have the same main activity as Polychrome: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €190,000 and €308,000, founded between 2023 and 2025.
Official details
Source: KBO- Status
- Active since 12-06-2024Normal situation
- Activity
- Business and other management consultancyNACE 70200
- Establishment unit
- 2.360.540.4319000 Ghent, since 12-06-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 05-10-2025
Annual accounts 2025
- €11,977▲ 323%
- €8,507▲ 3.2%
- -€14,750▼ 136%
- €225,514▲ 199%
- Filing
- Filed on 30-07-2026, 1 day before the end of the filing period
Insights on Polychrome
The balance sheet grew most in 2025 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 30-07-2026, 1 day before the deadline€11,977
▲ 323%
-€7,601
▲ €182
-€8,507
▼ €265
-€209,688
▼ €144,823
-6.5%
▲ 1.7 percentage points
0.13
▼ 0.08
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €55,000. Estimated: probably between €26,000 and €110,000.
Balance sheet
balance sheet total €225,514 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
-6.5%
Higher than 9% of 39,368 companies in 2025.
0.13
Lower than 95% of 38,051 companies in 2025.
-3.8%
Higher than 13% of 38,523 companies in 2025.
Polychrome
Middle half of the sector
80% of the sector
Micro accounts in head offices and management consultancy (NACE 70)
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
225,514 | 75,526 | |
21/28 |
194,938 | 58,623 | |
22/27 |
194,938 | 58,623 | |
22 |
139,080 | - | |
24 |
45,655 | 58,623 | |
26 |
10,203 | - | |
29/58 |
30,576 | 16,903 | |
40/41 |
18,092 | 12,600 | |
40 |
16,943 | 8,074 | |
41 |
1,148 | 4,527 | |
54/58 |
12,084 | 4,303 | |
490/1 |
400 | - | |
| Balance sheet: equity and liabilities | |||
10/49 |
225,514 | 75,526 | |
10/15 |
-14,750 | -6,243 | |
10/11 |
2,000 | 2,000 | |
14 |
-16,750 | -8,243 | |
17/49 |
240,264 | 81,769 | |
42/48 |
240,264 | 81,769 | |
43 |
230 | 25 | |
430/8 |
230 | 25 | |
44 |
8,770 | - | |
440/4 |
8,770 | - | |
45 |
846 | 448 | |
450/3 |
846 | 448 | |
47/48 |
230,419 | 81,296 | |
| Income statement | |||
9900 |
11,977 | 2,831 | |
630 |
18,346 | 6,218 | |
640/8 |
1,232 | 4,396 | |
9901 |
-7,601 | -7,783 | |
75/76B |
0 | 2 | |
75 |
0 | 2 | |
65/66B |
61 | 14 | |
65 |
61 | 14 | |
9903 |
-7,662 | -7,795 | |
67/77 |
846 | 448 | |
9904 |
-8,507 | -8,243 | |
9905 |
-8,507 | -8,243 | |
| Appropriation of the result | |||
9906 |
-16,750 | -8,243 | |
14P |
-8,243 | - | |
| Document | |||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 30-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 10,745 | -1,565 | ||
| 9,838 | -2,025 | ||
| 154,661 | 64,840 | ||
| 7,782 | - | ||
| -209,688 | -64,866 | ||
| -6.5% | -8.3% | ||
| 0.13 | 0.21 | ||
| -3.8% | -10.9% | ||
| over 100 | -115.36 |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 |
|---|---|---|
| Tangible fixed assets | €154,661 | €64,840 |
| €18,346 | €6,218 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Insights on Polychrome
The operating result for 2025 is a loss of €7,601, smaller than the loss of €7,783 in 2024.
Equity is negative. Debt (€240,264) exceeds the balance-sheet total (€225,514).
Board & ownership
Board
2 directors, no change since 2025Director
since 11-06-2024
term without a fixed end
listed in the 2025 annual accounts, filed on 30-07-2026
Director
since 07-05-2025
term without a fixed end
listed in the 2025 annual accounts, filed on 30-07-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “Ingevolge onderhavig besluit zal de Vennootschap bestuurd worden door meer dan één bestuurder (m.n. voornoemde heer Gust Colruyt en…”deed of 19-05-2025
Mandates through the years
2 names, the dashed line is todayColruyt, Gust Silja Jef
Director
Director
Lien Adriaensens
Director
Director
Boardmandate already running before its first mention
Mandates as a list
- Colruyt, Gust Silja Jef
- Director, from 11-06-2024 to date
- Lien Adriaensens
- Director, since before 31-12-2024
Control
Capital
- Contribution
- €2,000
- Shares
- 200
- Contribution per share
- €10
- Equity per share
- -€73.75 in 2025
- Source
- deed of 14-06-2024
Articles of association
deed of 14-06-2024 (in Dutch)- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one.
- No statutory auditor
Shareholders
At incorporation
deed of 14-06-2024 ↗
- Colruyt, Gust Silja Jef 200 shares (100%) · €2,000
Network & group
No group
Polychrome has no parent and no holdings in its annual accounts. Polychrome shares no director with another company.
Timeline
Timeline
6 events since 2024Board
Filings
Establishments
202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 1 day before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:1010282714
Annual accounts 2024 filed NBBmicro format · 65 days before the deadline
- General meeting, 07-05-2025
- Director appointment, Lien Adriaensens
- Board composition, Gust Colruyt (director)
- Board composition, Lien Adriaensens (director)
2024
IncorporationFounding capital of €2,000, 200 shares · Founder: Colruyt, Gust Silja Jef · Appointment: Colruyt, Gust Silja Jef (director) · published on 14-06-20245 points ▸
- Founder, Colruyt, Gust Silja Jef
- Founding capital, €2,000, 200 shares
- Registered office clause, Koning Albertlaan 43A, 9000 Gent
- Director appointment, Colruyt, Gust Silja Jef
- Colruyt, Gust Silja Jef holds all the shares
- The deed holds 1 more point.
First establishment Koning Albertlaan 43, Ghent
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
On 12 June 2024, Polychrome was incorporated as a private limited company by one natural person, with a starting capital of €2,000.12 Of the 2 current board members, Colruyt, Gust Silja Jef has served longest, since 2024.3 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
Company details
Identity
- Enterprise number
- 1010.282.714
- VAT number
- BE 1010.282.714
- Peppol ID
- 0208:1010282714
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 12-06-2024
- Financial year
- ends on 31 December
- Peppol
- Reachable since 05-10-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- Polychrome in Dutch
- Entity type
- Legal entity
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 14-06-2024 (in Dutch)
Activities
NACEBEL 202570200
Business and other management consultancy main activity
Codes under NACEBEL 2008
70220
Business consulting main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Alle mogelijke advies- en/of dienstenfuncties op het vlak van consultancy-opdrachten en bestuur van vennootschappen; Alle verrichtingen die…”deed of 14-06-2024 (in Dutch)
19 activities
- Alle mogelijke advies- en/of dienstenfuncties op het vlak van consultancy-opdrachten en bestuur van vennootschappen
- Alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het leveren van diensten onder de vorm van beheer, bestuur, consultancy, training, coaching, begeleiding en advies, in de meest ruime zin, aan particulieren, bedrijven en alle andere organisaties
- Activiteiten van adviesbureaus op het gebied van bedrijfsbeheer en bedrijfsvoering
- Het geven van advies en verstrekken van diensten met betrekking tot de organisatie en het beheer van bedrijven
- Het verlenen van bijstand, advies en leiding aan bedrijven, privé-personen en instellingen, voornamelijk doch niet uitsluitend op het vlak van management, marketing, productie en ontwikkeling, processing en het besturen van vennootschappen, dit alles in de meest ruime betekenis
- Het organiseren van opleidingen, seminaries en workshops met betrekking tot managementopdrachten
- Coaching en begeleiding van bedrijven en bestuurders
- Het voeren van algemene audit-activiteiten
- Activiteiten van adviesbureaus op het gebied van public relations en communicatie
- Het verlenen van adviezen, richtsnoeren en praktische hulp aan ondernemingen en andere instellingen, met inbegrip van lobbyactiviteiten, met betrekking tot public relations en communicatie
- Het verlenen van diensten aan bedrijven in verband met het opleiden, adviseren, analyseren, expertiseren en begeleiden teneinde er de kwaliteit, effectiviteit en efficiëntie te verhogen en dit zowel op individueel en persoonlijk vlak, alsook op groepsniveau
- Het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen; alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten, zoals de aan- en verkoop, de bouw, het laten bouwen, de verbouwing, de binnenshuisinrichting en decoratie, de huur en verhuur, de ruil, de verkaveling en, in het algemeen, alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het beheer of op het productief maken, van onroerende goederen of onroerende zakelijke rechten
- Alle handelingen die betrekking hebben op onroerende leasing
- Het aanleggen, het oordeelkundig uitbouwen en beheren van een roerend vermogen; alle verrichtingen met betrekking tot roerende goederen en rechten, van welke aard ook, zoals de aan- en verkoop, de huur en verhuur, de ruil; in het bijzonder het beheer en de valorisatie van alle verhandelbare waardepapieren, aandelen, obligaties, staatsfondsen
- Het verwerven en aanhouden van participaties, in eender welke vorm, in alle bestaande of op te richten, industriële, commerciële, financiële, landbouw- of immobiliënvennootschappen of -ondernemingen; het stimuleren, de planning en coördinatie van de ontwikkeling van de vennootschappen en ondernemingen, waarin ze een participatie aanhoudt; het deelnemen aan hun beheer, bestuur, vereffening en toezicht alsmede het verlenen van technische, administratieve en financiële bijstand aan deze vennootschappen en ondernemingen
- Samenwerken met, deelnemen in, of op gelijk welke wijze, rechtstreeks of onrechtstreeks, belangen nemen in andere vennootschappen, verenigingen, stichtingen, instellingen of ondernemingen; participeren in of een fusie aangaan met andere vennootschappen, verenigingen, instellingen of ondernemingen die kunnen bijdragen tot haar ontwikkeling of deze in de hand kunnen werken
- Zowel tot waarborg van eigen verbintenissen als tot waarborg van verbintenissen van derden borg stellen of aval verlenen, onder meer door haar goederen in hypotheek of in pand te geven, inclusief de eigen handelszaak, alsmede kredieten verlenen, voorschotten toestaan of andere zekerheden stellen
- Optreden als bestuurder, volmachtdrager, mandataris of vereffenaar in andere vennootschappen, verenigingen, stichtingen, instellingen of ondernemingen
- In België en in het buitenland, alle industriële, handels-, financiële, roerende en onroerende verrichtingen verwezenlijken die rechtstreeks of onrechtstreeks haar onderneming kunnen uitbreiden of bevorderen; alle roerende en onroerende goederen verwerven, zelfs als deze noch rechtstreeks, noch onrechtstreeks verband houden met het voorwerp van de vennootschap
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Koning Albertlaan 43 registered office 9000 Ghent | 12-06-2024 | 2.360.540.431 |
Buildings and parcels at the address
- Ground area
- 219 m²
- Buildings
- 118 m²
- Volume, LiDAR
- 1,007 m³
- Tallest building
- 16.1 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44809I0771/00R000 | 219 m² | 1 · 118 m² | 16.1 m · 3 |
Contact
Phone
+32 486 78 81 39