polygon
Dissolution or liquidationSummary
The KBO register records for polygon the legal situation: dissolution or liquidation; this is today's state according to the register itself, which carries no start date. The 2012 annual accounts show equity of €8,590 and a net result of €670,066.
Signals
1 signal.
+raises risk
Checked, nothing found (1)
History
Financials · fiscal year 2012, abbreviated schema
Turnover
€57,942▼ 77.5%
2011 · €257,402
EBIT margin
-81.3%▼ 68.0pp
2011 · -13.4%
Net result
€670,066
2011 · -€103,770
Working capital
€283,590
2011 · -€723,257
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201020112012
Turnover€319,934-€257,402▼ 19.5%€57,942▼ 77.5%
Operating result-€57,406--€34,428▲ 40.0%-€47,126▼ 36.9%
Net result-€135,277--€103,770▲ 23.3%€670,066
EBIT margin-17.9%--13.4%▲ 4.6pp-81.3%▼ 68.0pp
Equity-€557,705--€661,475▼ 18.6%€8,590
Total assets€1.5m-€1.4m▼ 5.8%€429,154▼ 70.0%
Debt€2.0m-€2.0m▲ 0.8%€420,564▼ 78.6%
Working capital-€663,494--€723,257▼ 9.0%€283,590
Staff (FTE)2.1-
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €47,126 in 2012 against €34,428 in 2011; the loss grows.
Balance-sheet composition
Equity and liabilities €429,154
Equity
€8,590
Debt
€420,564
Debt finances 98.0% of the balance-sheet total.
Key figures and ratios
Current ratio
2.95▲
2011 · 0.18
Debt to equity
32.01▲
2011 · -1.65
ROA
156.1%▲
2011 · -7.3%
Debt ≤ 1 year
€145,564▼
2011 · €877,768
Debt > 1 year
€275,000▼
2011 · €1.1m
A ratio outside any meaningful range has been withheld (balance sheet total €429,154, equity €8,590).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|
| Turnover70 | €319,934 | €257,402 | €57,942 | ▼ 77.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €115,441 | €108,535 | - | - |
| Gross operating margin9900 | €195,739 | €136,186 | €3,700 | ▼ 97.3% |
| Operating profit (loss)9901 | -€57,406 | -€34,428 | -€47,126 | ▼ 36.9% |
| Recurring financial income75 | €750 | €530 | €8,007 | ▲ 1,411% |
| Recurring financial charges65 | €78,888 | €70,859 | €19,322 | ▼ 72.7% |
| Profit (loss) for the period before taxes9903 | -€135,544 | -€104,757 | -€58,441 | ▲ 44.2% |
| Profit (loss) for the period9904 | -€135,277 | -€103,770 | €670,066 | ▲ 746% |
| Line | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €1.5m | €1.4m | €429,154 | ▼ 70.0% |
| Fixed assets21/28 | €1.4m | €1.3m | €0 | ▼ 100% |
| Intangible fixed assets21 | €257 | €0 | €0 | - |
| Tangible fixed assets22/27 | €1.4m | €1.3m | €0 | ▼ 100% |
| Current assets29/58 | €132,051 | €154,511 | €429,154 | ▲ 178% |
| Amounts receivable within one year40/41 | €78,324 | €121,421 | €73,487 | ▼ 39.5% |
| Current investments50/53 | €9,125 | €3,918 | €1,224 | ▼ 68.8% |
| Cash at bank and in hand54/58 | €38,280 | €25,005 | €354,228 | ▲ 1,317% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €1.5m | €1.4m | €429,154 | ▼ 70.0% |
| Equity10/15 | -€557,705 | -€661,475 | €8,590 | ▲ 101% |
| Profit (loss) carried forward14 | -€557,705 | -€661,475 | €8,590 | ▲ 101% |
| Provisions and deferred taxes16 | €125,000 | €125,000 | - | - |
| Amounts payable17/49 | €2.0m | €2.0m | €420,564 | ▼ 78.6% |
| Amounts payable after more than one year17 | €1.2m | €1.1m | €275,000 | ▼ 74.8% |
| Amounts payable within one year42/48 | €795,545 | €877,768 | €145,564 | ▼ 83.4% |
| Trade debts44 | €38,962 | €60,467 | - | - |
| Line | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€135,277 | -€103,770 | €670,066 | ▲ 746% |
| + Depreciation and write-downs630 | €115,441 | €108,535 | - | - |
| Operating cash flow (approximation) | -€19,836 | €4,765 | €670,066 | ▲ 13,962% |
| Investment in fixed assets (approximation) | - | €2,139 | €1.3m | ▲ 59,577% |
| Change in cash | - | -€13,275 | €329,223 | ▲ 2,580% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2013
10-12
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 132 days late
2012
31-12
Financial
Back to profitnet €670,066
Net result €670,066 after 2 loss-making years.
31-12
Financial
Liquidity times 17current ratio 2.95
Current ratio from 0.18 to 2.95; short-term debt falls from €877,768 to €145,564.
27-11
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 119 days late
2011
15-12
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema · 137 days late
2008
27-06
NBB filing
Annual accounts filed
fiscal year 2007 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Brussel
Ground area
404 m²
Parcel 21815D0221/00A006, Brussels. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21815D0221/00A006 | Brussels | 404 m² | - | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formNon-profit association
Founded30-01-2004
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.