POLYGAST
ActiveSummary
POLYGAST has been active since 1997 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €909,636 and a net result of €147,066. Equity has been growing by about 35% per year since 2019. The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 24-02-1997 Normal situation
- Activity
- “La société a pour objet l’exercice de la gastro-enterologie par le ou les actionnaires…” (deed in French)From the articles, 4 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.261.539.657 6280 Gerpinnes, since 15-03-2001
- Financial year end
- 30 June
- Peppol
- Not found in the Peppol Directory
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €224,030
- ▼ 25.1%
- Turnover
- ≈ €560,000
- estimated
- Profit
- €147,066
- ▼ 18.9%
- Equity
- €909,636
- ▲ 19.3%
- Total assets
- €937,168
- ▲ 18.3%
Score breakdownraises riskLiquidity: current ratio 33.30, cash €6,283, halvedlowers riskSize: total assets €937,168Sector: Human health activities (NACE 86)Equity €909,636 (97.1% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 86, micro). It does better than 82% of them on solvency, 24% on liquidity, 42% on profitability and 63% on growth.
The bankruptcy probability was computed on 01-11-2026 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.
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).
Credit check for an amount and term of your choice
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 5 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials
Financials · financial year 2026, micro format
Annual accounts 2026 filed on 30-10-2026 at the NBB all 29 filings
2022 to 2026, 5 financial years 2019 to 2026, 8 financial years
The operating result for 2026 is 19% lower than in 2025.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
Securities and guarantees
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 | 30-06-2026 |
|---|---|---|---|---|---|
| Mortgages, amount registered | €99,157 | - | - | - | - |
| Carrying value of the mortgaged assets | €20,263 | - | - | - | - |
Source: notes to the 2022 to 2026 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 | 30-06-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | €2,558 | €4,433 | €2,097 | €5,930 | - |
| Depreciation and write-downs of the year | €43,260 | €43,212 | €32,013 | €32,134 | €3,259 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
Companies with the same profile, two years later
Historical observationIn July 2024, 20,136 companies had the same profile as POLYGAST has now. Two years later, 0.2% had gone bankrupt and 95.0% were still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of POLYGAST itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 20,136 companies, not a prediction for POLYGAST. 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €0 | €3,044 | €89 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33,732 | €32,609 | €36,376 | €43,260 | €43,212 | €32,013 | €32,134 | €3,259 | ▼ 89.9% |
| Other operating charges640/8 | - | - | - | €1,068 | €992 | €1,264 | €1,183 | €1,071 | ▼ 9.4% |
| Non-recurring operating charges66A | - | - | - | - | - | - | - | €3,378 | - |
| Gross operating margin9900 | €53,884 | €10,615 | €95,618 | €253,430 | €242,078 | €264,596 | €299,036 | €224,030 | ▼ 25.1% |
| Operating profit (loss)9901 | €13,064 | -€23,903 | €42,389 | €209,102 | €197,873 | €228,275 | €265,630 | €216,322 | ▼ 18.6% |
| Financial income75/76B | - | - | - | - | €0 | €5,563 | €5,344 | €4,916 | ▼ 8.0% |
| Recurring financial income75 | €3 | €0 | €4 | - | €0 | €5,563 | €5,344 | €4,916 | ▼ 8.0% |
| Financial charges65/66B | - | - | - | €2,782 | €1,957 | €1,636 | €1,351 | €1,204 | ▼ 10.9% |
| Recurring financial charges65 | €1,101 | €1,710 | €2,889 | €2,782 | €1,957 | €1,636 | €1,351 | €1,204 | ▼ 10.9% |
| Profit (loss) for the period before taxes9903 | €11,966 | -€25,613 | €39,504 | €206,321 | €195,916 | €232,202 | €269,623 | €220,035 | ▼ 18.4% |
| Income taxes67/77 | €5,215 | €926 | €11,521 | €67,358 | €64,325 | €76,611 | €88,347 | €72,969 | ▼ 17.4% |
| Profit (loss) for the period9904 | €6,750 | -€26,539 | €27,983 | €138,963 | €131,591 | €155,591 | €181,277 | €147,066 | ▼ 18.9% |
| Profit (loss) for the period to be appropriated9905 | €6,750 | -€26,539 | €27,983 | €138,963 | €131,591 | €155,591 | €181,277 | €147,066 | ▼ 18.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €262,155 | €213,917 | €337,520 | €398,261 | €510,270 | €649,137 | €792,214 | €937,168 | ▲ 18.3% |
| Formation expenses20 | €0 | €0 | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Fixed assets21/28 | €136,994 | €107,543 | €169,230 | €128,528 | €89,748 | €59,832 | €33,628 | €20,373 | ▼ 39.4% |
| Intangible fixed assets21 | €0 | €0 | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Tangible fixed assets22/27 | €136,994 | €107,543 | €169,230 | €128,528 | €89,748 | €59,832 | €33,628 | €20,373 | ▼ 39.4% |
| Land and buildings22 | - | - | - | €25,863 | €21,033 | €21,929 | €20,532 | €19,192 | ▼ 6.5% |
| Plant, machinery and equipment23 | - | - | - | €6,542 | €2,181 | €1,174 | €4,733 | €158 | ▼ 96.7% |
| Furniture and vehicles24 | - | - | - | €96,123 | €66,534 | €36,729 | €8,363 | €1,022 | ▼ 87.8% |
| Current assets29/58 | €125,161 | €106,375 | €168,291 | €269,733 | €420,522 | €589,306 | €758,586 | €916,795 | ▲ 20.9% |
| Amounts receivable within one year40/41 | €108,215 | €100,750 | €86,749 | €142,472 | €197,473 | €275,218 | €301,940 | €310,512 | ▲ 2.8% |
| Trade receivables40 | - | - | - | €65 | €0 | €0 | - | €439 | - |
| Other amounts receivable41 | - | - | - | €142,407 | €197,473 | €275,218 | €301,940 | €310,073 | ▲ 2.7% |
| Current investments50/53 | €13,930 | €2,630 | €78,562 | €109,062 | €215,000 | €298,761 | €436,993 | €600,000 | ▲ 37.3% |
| Cash at bank and in hand54/58 | €2,399 | €2,366 | €2,611 | €17,990 | €7,999 | €12,830 | €16,078 | €6,283 | ▼ 60.9% |
| Deferred charges and accrued income490/1 | - | - | - | €209 | €50 | €2,496 | €3,576 | €0 | ▼ 100% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €262,155 | €213,917 | €337,520 | €398,261 | €510,270 | €649,137 | €792,214 | €937,168 | ▲ 18.3% |
| Equity10/15 | €153,704 | €127,165 | €155,148 | €294,111 | €425,703 | €581,293 | €762,570 | €909,636 | ▲ 19.3% |
| Contributions10/11 | €12,397 | - | - | €12,397 | €12,397 | €12,397 | €12,397 | €12,397 | = |
| Reserves13 | €24,162 | €24,162 | €52,145 | €191,108 | €322,699 | €478,290 | €659,566 | €806,632 | ▲ 22.3% |
| Non-distributable reserves130/1 | - | - | - | €187,738 | €319,329 | €473,061 | €654,337 | €801,403 | ▲ 22.5% |
| Reserves not available under the articles1311 | - | - | - | €187,738 | €319,329 | €473,061 | €654,337 | €801,403 | ▲ 22.5% |
| Distributable reserves133 | - | - | - | €3,370 | €3,370 | €5,229 | €5,229 | €5,229 | = |
| Profit (loss) carried forward14 | €117,145 | €90,606 | €90,606 | €90,606 | €90,606 | €90,606 | €90,606 | €90,606 | = |
| Amounts payable17/49 | €108,451 | €86,752 | €182,372 | €104,150 | €84,568 | €67,844 | €29,644 | €27,533 | ▼ 7.1% |
| Amounts payable after more than one year17 | €77,336 | €54,275 | €117,455 | €59,651 | €33,376 | €6,723 | €0 | - | - |
| Financial debts170/4 | - | - | - | €59,651 | €33,376 | €6,723 | €0 | - | - |
| Amounts payable within one year42/48 | €31,035 | €32,303 | €64,743 | €44,325 | €50,999 | €60,929 | €29,444 | €27,533 | ▼ 6.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €25,902 | €26,275 | €26,653 | €6,723 | €0 | ▼ 100% |
| Financial debts43 | - | - | - | €0 | - | - | - | - | - |
| Credit institutions430/8 | - | - | - | €0 | - | - | - | - | - |
| Trade debts44 | €3,614 | €2,858 | €605 | €2,020 | €399 | €2,080 | €5,978 | €3,038 | ▼ 49.2% |
| Suppliers440/4 | - | - | - | €2,020 | €399 | €2,080 | €5,978 | €3,038 | ▼ 49.2% |
| Taxes, remuneration and social security45 | - | - | - | €16,358 | €24,325 | €32,195 | €16,743 | €24,494 | ▲ 46.3% |
| Taxes450/3 | - | - | - | €16,358 | €24,325 | €29,945 | €16,743 | €24,494 | ▲ 46.3% |
| Remuneration and social security454/9 | - | - | - | €0 | - | €2,251 | €0 | - | - |
| Other amounts payable47/48 | - | - | - | €45 | €0 | €0 | €0 | €0 | - |
| Accrued charges and deferred income492/3 | - | - | - | €174 | €192 | €192 | €200 | €0 | ▼ 100% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,750 | -€26,539 | €27,983 | €138,963 | €131,591 | €155,591 | €181,277 | €147,066 | ▼ 18.9% |
| + Depreciation and write-downs630 | €33,732 | €32,609 | €36,376 | €43,260 | €43,212 | €32,013 | €32,134 | €3,259 | ▼ 89.9% |
| Operating cash flow (approximation) | €40,483 | €6,071 | €64,360 | €182,223 | €174,804 | €187,604 | €213,411 | €150,325 | ▼ 29.6% |
| Investment in fixed assets (approximation) | - | -€3,158 | -€98,063 | -€2,558 | -€4,433 | -€2,097 | -€5,930 | €9,996 | - |
| Change in cash | - | -€33 | €245 | €15,379 | -€9,991 | €4,831 | €3,248 | -€9,795 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 29 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2026 | micro format | 30-10-2026 | 2026-00595726 | NBB |
| 30-06-2025 | micro format | 29-01-2026 | 2026-00017314 | |
| 30-06-2024 | micro format | 30-01-2025 | 2025-00023224 | |
| 30-06-2023 | micro format | 30-01-2024 | 2024-00012311 | |
| 30-06-2022 | micro format | 16-02-2023 | 2023-00027917 | |
| 30-06-2021 | micro format | 21-02-2022 | 2022-05900390 | |
| 30-06-2020 | micro format | 23-02-2021 | 2021-05800432 | |
| 30-06-2019 | micro format | 25-02-2020 | 2020-05500301 | |
| 30-06-2018 | micro format | 22-02-2019 | 2019-05500282 | |
| 30-06-2017 | micro format | 22-02-2018 | 2018-05200516 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 05-01-2024 Converted to unavailable equity
Network & group
POLYGAST shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of POLYGAST. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
05-01
Gazette deed
Appointment: Pierre HAYARD (director)Legal form clause · Capital conversion · Reserve release9 points ▸
- General meeting, 29-11-2023
- Legal form clause, “I, dispositions du Code des sociétés et des associations” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Reserve release, EUR, “disponible pour distribution” (deed in French)
- Other provision, “Dispense de libérer la partie non libérée des fonds propres, III” (deed in French)
- Amendment of the articles
- Capital
- Registered office clause, “6280 Gerpinnes,rue de Tarcienne 76” (deed in French)
- Director appointment, Pierre HAYARD (director)
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
4 activities
- La société a pour objet l’exercice de la gastro-enterologie par le ou les actionnaires qui la composent, lesquels sont exclusivement des médecins gastro-entérologues ou à défaut, pratiquant une spécialité admise comme étant apparentée à la gastro-entérologie, inscrits au Tableau de l’Ordre des Médecins.
- La médecine est exercée au nom et pour compte de la société.
- Les actionnaires doivent apporter à la société la totalité de leur activité médicale.
- Dans le cadre de cet objet, la société peut accomplir toute opération civile, mobilière ou immobilière.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 52025B0539/00K000 | Wallonia | 2,417 m² | 1 · 130 m² | 8.2 m · 2 |