POLYGOAT
ActivePOLYGOAT has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €145k and a net result of €-9k. Equity is growing by ~19.4% per year across the filed fiscal years. Its solvency ranks better than 72% of 17022 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
76
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability12▼-88
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 4.55 against 6.07 in 2024; short-term debt: 21.5% and cash: 93.5% of total assets), and 21.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
21 d late
2024
13 d early
2023
43 d early
2022
7 d late
2021
1 d early
2020
on the day
2019
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€145k▼ 6.1%
2024 · €155k
2018: €46k
2019: €49k
2020: €55k
2021: €59k
2022: €62k
2023: €109k
2024: €155k
2018 → 2025
Total assets
€185k▲ 0.3%
2024 · €184k
2018: €82k
2019: €55k
2020: €75k
2021: €86k
2022: €80k
2023: €147k
2024: €184k
2018 → 2025
Net result
€-9k
2024 · €46k
2018: €40k
2019: €3k
2020: €6k
2021: €4k
2022: €3k
2023: €46k
2024: €46k
2018 → 2025
Working capital
€141k▼ 6.2%
2024 · €150k
2018: €48k
2019: €45k
2020: €51k
2021: €56k
2022: €60k
2023: €105k
2024: €150k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€59k-€62k▲ 5.7%€109k▲ 74.6%€155k▲ 42.4%€145k▼ 6.1%
Operating result€6k-€5k▼ 20.1%€62k▲ 1,172%€62k▼ 0.2%€-9k
Net result€4k-€3k▼ 24.2%€46k▲ 1,292%€46k▼ 0.7%€-9k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €9k after €62k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €185k
Fixed assets
€4k▼ 0.6%
Current assets
€181k▲ 0.4%
Equity and liabilities €185k
Equity
€145k▼ 6.1%
Debt
€40k▲ 33.8%
The debt ratio rises from 16.1% to 21.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-6k▼
2024 · €64k
Cash flow
€-7k▼
2024 · €48k
Solvency
78.5%▼
2024 · 83.9%
Current ratio
4.55▼
2024 · 6.07
Quick ratio
4.55▼
2024 · 6.07
Debt / equity
0.27▲
2024 · 0.19
ROE
-6.5%▼
2024 · 29.8%
ROA
-5.1%▼
2024 · 25.0%
Interest coverage
-14.86▼
2024 · 112.88
Debt
€40k▲
2024 · €30k
Debt ≤ 1 year
€40k▲
2024 · €30k
Income taxes
€0▼
2024 · €16k
Staff costs
€99k▼
2024 · €113k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€184k€185k▲
Fixed assets21/28€4k€4k▼
Tangible fixed assets22/27€4k€4k▼
Furniture and vehicles24€4k€4k▼
Current assets29/58€180k€181k▲
Amounts receivable within one year40/41€27k€5k▼
Trade receivables40€8k€5k▼
Other amounts receivable41€19k€0▼
Cash at bank and in hand54/58€152k€173k▲
Deferred charges and accrued income490/1€836€3k▲
Equity and liabilities
Total equity and liabilities10/49€184k€185k▲
Equity10/15€155k€145k▼
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€147k€137k▼
Amounts payable17/49€30k€40k▲
Amounts payable within one year42/48€30k€40k▲
Financial debts43-€454
Credit institutions430/8-€454
Trade debts44€6k€10k▲
Suppliers440/4€6k€10k▲
Taxes, remuneration and social security45€17k€27k▲
Taxes450/3€0€3k▲
Remuneration and social security454/9€17k€24k▲
Other amounts payable47/48€7k€3k▼
Income statement
Code20242025
Remuneration, social security and pensions62€113k€99k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€3k▲
Other operating charges640/8€218€2k▲
Gross operating margin9900€178k€95k▼
Operating profit (loss)9901€62k€-9k▼
Financial income75/76B€48€24▼
Recurring financial income75€48€24▼
Financial charges65/66B€571€426▼
Recurring financial charges65€571€426▼
Profit (loss) for the period before taxes9903€62k€-9k▼
Income taxes67/77€16k€0▼
Profit (loss) for the period9904€46k€-9k▼
Profit (loss) for the period to be appropriated9905€46k€-9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€147k€137k▼
Profit (loss) brought forward from the previous period14P€101k€147k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 21 days late
2025
31-12
Financial
Weakest financial yearnet €-9k ▼120%
Net result drops to €-9k, the lowest in the series.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €150kEq €155k ▲42.4%
7 profitable years in a row build equity to €155k.
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €46k ▲1292%
Operating result €62k, net result €46k, both a record.
31-12
Financial
Equity above €100kEq €109k ▲74.6%
6 profitable years in a row build equity to €109k.
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 7 days late
2022
30-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity triplescurrent ratio 8.06
Current ratio from 2.60 to 8.06; short-term debt falls from €30k to €6k.
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 20 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Peer · 1 establishment unit since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Grotstraat 63990 PeerGround area
1,376 m²
Building footprint
151 m²
Volume, LiDAR
592 m³
Parcel 72030E0469/00K000, Flanders · tallest building 8.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
POLYGOAT
since 20172.263.096.706
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72030E0469/00K000 | Flanders | 1,375 m² | 1 · 151 m² | 8.9 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 149,000 EUR awarded · 79,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 74,000 EUR | 79,000 EUR |
| 2022 | 1 | 75,000 EUR | 0 EUR |
Schemes
Projectsubsidie voor een initiatief in de audiovisuele of gamesector (Decreet Vlaams Audiovisueel Fonds 1999)
Subsidies voor internationaal ondernemen
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Of 30,000 companies in sector 62200 we hold annual accounts for 18,395. 15,356 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded14-03-2017
Fiscal year end31-12
Activities, NACEBEL
62010Computer programming, consultancy and related activities
62020IT consultancy
62100Computer programming
62200Computer consultancy and computer facilities management
74201Photography, excluding press photography
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.