Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
The micro format states no turnover.
Green is investment, beige is depreciation.
The last five annual accounts were filed 82 to 100 days before the end of the period.
Less equity than 95% of companies in computer programming and consultancy. Sector median €69,072 · 21,214 companies.
Negative equity caps the score at 59.
The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).
About 6 in 1,000 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 62, micro). It does better than 3% of them on solvency, 2% on liquidity, 54% on profitability and 75% 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 low class on 30-06-2025, 0.8% 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, 2,180 companies had the same profile as Polycreative has now. Each dot stands for 6 companies, two years later.
Another 0.7% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Polycreative itself is lower: 0.6% within 12 months. It rests on far more data about Polycreative 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 2,180 companies, not a prediction for Polycreative. 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.
Liquidity is insufficient, with a current ratio of 0.09 (0.07 in 2024), below 1. Short-term debt is 126.9% and cash 0.9% of total assets. 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 7 accounts on average 90 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| Polycreative Schilde | €86,251 | €22,731 | -26.9% | - |
| OPEN WORLD Bonheiden | €76,150 | €21,831 | 48.2% | - |
| DSEQ Sint-Katelijne-Waver | €79,335 | €20,904 | 87.0% | - |
| IT PROF Geel | €93,225 | €20,607 | 95.5% | - |
| GROW MY FLOW Bruges | €82,836 | €21,302 | 77.5% | - |
| HBI TECHNOLOGY Schaerbeek | €84,509 | €21,922 | 90.9% | - |
| SYMANA Ardooie | €94,470 | €24,071 | 24.7% | - |
These companies have the same main activity as Polycreative: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €76,100 and €94,500, founded between 2019 and 2020.
Polycreative files the micro format. That format states no turnover. The gross margin rose from €3,377 in 2019 to €22,731 in 2025.
The balance sheet grew most in 2025 through fixed assets.
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. The turnover shown is an estimate from the gross margin.
Turnover ≈ €120,000. Estimated: probably between €59,000 and €240,000.
Higher than 5% of 21,208 companies in 2025.
Lower than 95% of 20,571 companies in 2025.
Higher than 49% of 20,746 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||
20/58 |
86,251 | 6,860 | 13,974 | 4,512 | 4,660 | 9,802 | 9,621 | |
21/28 |
76,321 | 3,662 | 3,908 | 723 | 1,021 | 1,318 | - | |
22/27 |
76,321 | 3,662 | 3,908 | 723 | 1,021 | 1,318 | - | |
22 |
22,017 | - | - | - | - | - | - | |
23 |
1,113 | 2,426 | 3,908 | 723 | 1,021 | 1,318 | - | |
24 |
53,191 | 1,236 | - | - | - | - | - | |
29/58 |
9,930 | 3,198 | 10,066 | 3,788 | 3,639 | 8,484 | 9,621 | |
40/41 |
6,245 | 0 | 29 | 874 | 3,038 | 3,212 | 5,445 | |
40 |
6,000 | - | 0 | 175 | 0 | 1,637 | 5,445 | |
41 |
245 | 0 | 29 | 699 | 3,038 | 1,576 | - | |
54/58 |
752 | 1,459 | 8,390 | 245 | 589 | 5,252 | 4,176 | |
490/1 |
2,934 | 1,739 | 1,647 | 2,669 | 12 | 19 | - | |
| Balance sheet: equity and liabilities | ||||||||
10/49 |
86,251 | 6,860 | 13,974 | 4,512 | 4,660 | 9,802 | 9,621 | |
10/15 |
-23,211 | -38,397 | -48,913 | -52,365 | -3,202 | 7,780 | 5,678 | |
10/11 |
3,000 | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | - | |
11 |
- | - | - | - | - | - | 3,000 | |
1100/10 |
- | - | - | - | - | - | 3,000 | |
13 |
5,094 | 5,094 | 5,094 | 5,094 | 5,094 | 4,780 | 2,678 | |
133 |
5,094 | 5,094 | 5,094 | 5,094 | 5,094 | 4,780 | 2,678 | |
14 |
-31,305 | -46,491 | -57,007 | -60,459 | -11,296 | - | - | |
17/49 |
109,462 | 45,257 | 62,887 | 56,877 | 7,862 | 2,022 | 3,943 | |
42/48 |
109,462 | 45,257 | 62,887 | 56,877 | 7,862 | 2,022 | 2,443 | |
44 |
16,992 | 768 | 1,079 | 347 | 1,059 | 209 | - | |
440/4 |
16,992 | 768 | 1,079 | 347 | 1,059 | 209 | - | |
45 |
1,966 | 1,563 | 5,773 | 245 | 0 | 1,813 | 2,443 | |
450/3 |
1,966 | 1,563 | 5,773 | 245 | 0 | 1,813 | 2,443 | |
47/48 |
90,504 | 42,925 | 56,035 | 56,284 | 6,803 | - | - | |
492/3 |
- | - | - | - | - | 0 | 1,500 | |
| Income statement | ||||||||
9900 |
22,731 | 13,845 | 5,465 | -48,477 | -10,482 | 4,184 | 3,377 | |
630 |
6,533 | 2,022 | 369 | 297 | 297 | 169 | - | |
640/8 |
520 | 890 | 1,105 | 102 | 449 | 795 | - | |
9901 |
15,678 | 10,933 | 3,991 | -48,876 | -11,228 | 3,220 | 3,377 | |
75/76B |
0 | 6 | 0 | 11 | 1 | 0 | - | |
75 |
0 | 6 | 0 | 11 | 1 | 0 | - | |
65/66B |
100 | 23 | 93 | 52 | 86 | 4 | - | |
65 |
100 | 23 | 93 | 52 | 86 | 4 | - | |
9903 |
15,579 | 10,916 | 3,898 | -48,918 | -11,313 | 3,216 | 3,377 | |
67/77 |
393 | 400 | 446 | 245 | -16 | 800 | 699 | |
9904 |
15,186 | 10,516 | 3,452 | -49,163 | -11,296 | 2,416 | 2,678 | |
9905 |
15,186 | 10,516 | 3,452 | -49,163 | -11,296 | 2,416 | 2,678 | |
| Appropriation of the result | ||||||||
9906 |
-31,305 | -46,491 | -57,007 | -60,459 | -11,296 | 2,416 | 2,678 | |
14P |
-46,491 | -57,007 | -60,459 | -11,296 | 0 | - | - | |
691/2 |
- | - | - | - | 0 | 2,416 | 2,678 | |
691 |
- | - | - | - | 0 | 2,416 | - | |
6921 |
- | - | - | - | - | - | 2,678 | |
| Social balance sheet | ||||||||
9087 |
- | - | - | - | - | 0 | - | |
Hours worked1013 |
- | - | - | - | - | 0 | - | |
| 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 filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 07-05-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 07-05-2026 | 2026-00104861 | |
| 31-12-2024 | micro format | 22-04-2025 | 2025-00072330 | |
| 31-12-2023 | micro format | 10-05-2024 | 2024-00085285 | |
| 31-12-2022 | micro format | 03-05-2023 | 2023-00076888 | |
| 31-12-2021 | micro format | 27-04-2022 | 2022-20009432 | |
| 31-12-2020 | micro format | 22-04-2021 | 2021-10900362 | |
| 31-12-2019 | micro format | 11-05-2020 | 2020-11900530 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| 22,211 | 12,955 | 4,360 | -48,579 | -10,930 | 3,389 | - | ||
| 21,719 | 12,538 | 3,821 | -48,866 | -10,999 | 2,585 | - | ||
| 79,193 | 1,776 | 3,553 | 0 | 0 | 1,487 | - | ||
| -707 | -6,931 | 8,145 | -344 | -4,663 | 1,076 | - | ||
| -99,532 | -42,059 | -52,820 | -53,089 | -4,223 | 6,461 | 7,178 | ||
| -26.9% | -559.7% | -350.0% | - | - | 79.4% | 59.0% | ||
| 0.09 | 0.07 | 0.16 | - | - | 4.20 | 3.94 | ||
| - | - | - | - | - | 0.26 | 0.69 | ||
| - | - | - | - | - | 31.1% | 47.2% | ||
| 17.6% | 153.3% | 24.7% | - | - | 24.7% | 27.8% | ||
| over 100 | over 100 | 46.89 | -927.61 | -127.18 | - | - |
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.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €79,193 | €1,776 | €3,553 | - | - |
| €6,533 | €2,022 | €369 | €297 | €297 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 43% higher than in 2024 and the highest since 2019. It is the third rise in a row, after the fall in 2022.
Equity is negative. Debt (€109,462) exceeds the balance-sheet total (€86,251).
Polycreative has no parent and no holdings in its annual accounts. BRENTJENS Brendan Jacobus Johannes is the only director. Polycreative shares no director with another company.
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 14 November 2019, Polycreative was incorporated as a private limited company by one natural person, with a starting capital of €3,000.12 The registered office moved to Antwerp in 2020 and to Schilde in 2023.34 BRENTJENS Brendan Jacobus Johannes has served as director since 2019.5 Total assets went from €9,621 in 2019 to €86,251 in 2025.6
| Establishment | Since | Unit number |
|---|---|---|
| Eekhoornlaan 39 registered office 2970 Schilde | 14-11-2019 | 2.296.569.624 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11041B0398/00G000 | 989 m² | 1 · 155 m² | 6.6 m · 2 |
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