Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Every financial year from 2021 to 2025 closed with a loss. 2022 was the heaviest.
Lower solvency than 95% of companies in rental and leasing. Sector median 30.1% · 1,845 companies.
The dashed line is the sector median: 0.5% across 3,166 companies (NACE 77, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 77, micro). It does better than 7% of them on solvency, 7% on liquidity, 6% on profitability and 4% on growth.
The bankruptcy probability was computed on 08-11-2026 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 moderate class on 30-06-2025, 2.4% 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).
In July 2024, 7,639 companies had the same profile as POLYCLICK has now. Each dot stands for 20 companies, two years later.
Another 0.8% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of POLYCLICK itself is lower: 1.6% within 12 months. It rests on far more data about POLYCLICK than the profile alone.
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 7,639 companies, not a prediction for POLYCLICK. 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.
The balance sheet total is too small for a liquidity verdict. Equity is negative.
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.
The company filed its last 5 accounts on average 27 days after the deadline. In the sector (NACE 77), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| POLYCLICK De Panne | €3,422 | -€11,417 | -645.1% | - |
| MSL19 Neupré | €5,162 | €5,447 | 17.7% | - |
| Two4Med Lanaken | €14,092 | -€1,842 | -19.9% | - |
| MedTec Ghent | €6,406 | €8,888 | 100.0% | - |
| LeBonBail Beauvechain | €1,886 | €2,920 | -280.5% | - |
| SUSTAINABLE INNOVATION PARTNERS Watermael-Boitsfort | €6,178 | -€771 | -1805.8% | - |
| FYLDS Genk | €18,330 | €63 | 44.2% | - |
These companies have the same main activity as POLYCLICK: rental and leasing activities (NACE 77400). They are comparable in size and age: total assets between €1,890 and €18,300, founded between 2013 and 2024.
POLYCLICK files the micro format. That format states no turnover. The gross margin fell from -€2,465 in 2021 to -€11,417 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them.
Higher than 9% of 2,015 companies in 2024.
Higher than 22% of 1,918 companies in 2024.
Higher than 7% of 1,945 companies in 2024.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
3,422 | 10,370 | 13,839 | 7,828 | 23,989 | |
21/28 |
1,861 | 2,176 | 2,491 | 2,806 | 3,121 | |
21 |
1,861 | 2,176 | 2,491 | 2,806 | 3,121 | |
29/58 |
1,560 | 8,193 | 11,347 | 5,022 | 20,867 | |
40/41 |
1,464 | 539 | 458 | 175 | 1,101 | |
41 |
1,464 | 539 | 458 | 175 | 1,101 | |
54/58 |
96 | 7,654 | 10,890 | 4,847 | 19,766 | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
3,422 | 10,370 | 13,839 | 7,828 | 23,989 | |
10/15 |
-22,073 | -9,813 | -6,218 | 7,771 | 22,507 | |
10/11 |
25,000 | 25,000 | 25,000 | 25,000 | 25,000 | |
14 |
-47,073 | -34,813 | -31,218 | -17,229 | -2,493 | |
17/49 |
25,495 | 20,183 | 20,057 | 57 | 1,482 | |
42/48 |
25,367 | 20,057 | 20,057 | 57 | 1,482 | |
44 |
2,310 | - | - | 0 | 1,482 | |
440/4 |
2,310 | - | - | 0 | 1,482 | |
47/48 |
23,057 | 20,057 | 20,057 | 57 | - | |
492/3 |
128 | 126 | - | - | - | |
| Income statement | ||||||
9900 |
-11,417 | -2,652 | -13,526 | -13,725 | -2,465 | |
630 |
315 | 315 | 315 | 315 | 29 | |
640/8 |
528 | 628 | 149 | 695 | - | |
9901 |
-12,260 | -3,595 | -13,990 | -14,735 | -2,493 | |
9903 |
-12,260 | -3,595 | -13,990 | -14,735 | -2,493 | |
9904 |
-12,260 | -3,595 | -13,990 | -14,735 | -2,493 | |
9905 |
-12,260 | -3,595 | -13,990 | -14,735 | -2,493 | |
| Appropriation of the result | ||||||
9906 |
-47,073 | -34,813 | -31,218 | -17,229 | -2,493 | |
14P |
-34,813 | -31,218 | -17,229 | -2,493 | - | |
| Document | ||||||
The notes to these accounts have 8 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 28-08-2026.
2025 annual accounts filed 28 days after the deadline. Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00487277.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 28-08-2026 | 2026-00487277 | |
| 31-12-2024 | micro format | 29-08-2025 | 2025-00471541 | |
| 31-12-2023 | micro format | 22-08-2024 | 2024-00364412 | |
| 31-12-2022 | micro format | 29-08-2023 | 2023-00389421 | |
| 31-12-2021 | micro format | 25-08-2022 | 2022-20326794 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| -11,945 | -3,280 | -13,675 | -14,420 | -2,465 | ||
| -11,945 | -3,280 | -13,675 | -14,420 | -2,465 | ||
| 0 | 0 | 0 | 0 | 3,150 | ||
| -7,558 | -3,235 | 6,042 | -14,919 | - | ||
| -23,806 | -11,864 | -8,710 | 4,965 | 19,385 | ||
| - | -94.6% | -44.9% | 99.3% | 93.8% | ||
| - | 0.41 | 0.57 | 88.11 | 14.08 | ||
| - | - | - | 0.01 | 0.07 | ||
| - | - | - | -189.6% | -11.1% | ||
| - | -34.7% | -101.1% | -188.2% | -10.4% |
The ratios are withheld because a balance sheet total of €3,422 is too small for a meaningful ratio.
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.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Intangible fixed assets | - | - | - | - | €3,150 |
| Financial fixed assets | €0 | - | - | - | - |
| €315 | €315 | €315 | €315 | €29 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €12,260, larger than the loss of €3,595 in 2024.
Equity is negative. Debt (€25,495) exceeds the balance-sheet total (€3,422).
POLYCLICK has no parent and no holdings in its annual accounts.
| Claire Decoene
registered office since 19-06-2014 · founded in 2014 |
total assets €122,903 (2025) 0553.937.009 |
| UNAITED via Solanden, no longer at UNAITED · Director · deed of 06-03-2020 No longer active |
The connected companies are in the list below.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
On 19 November 2021, POLYCLICK was incorporated as a private limited company by one natural person, with a starting capital of €25,000.12 The name was changed to POLYCLICK in 2023.3 Of the 2 current board members, DECOENE Claire Roger Augusta has served longest, since 2021.4 Total assets went from €23,989 in 2021 to €3,422 in 2025.5
| Establishment | Since | Unit number |
|---|---|---|
| Nieuwstraat 17 registered office 8660 De Panne | 19-11-2021 | 2.324.666.564 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 38001D0237/00T020 | 702 m² | 1 · 159 m² | 5.5 m · 1 |
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