Polygoon Consult
ActiveSummary
Polygoon Consult has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €464k and a net result of €118k. Equity is growing by ~23.9% per year across the filed fiscal years. Its solvency ranks better than 92% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability98▲+6
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 14.26 against 9.09 in 2024; short-term debt: 6.7% and cash: 83.7% of total assets), and 6.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
93.3%
Return on assets
23.7%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-06-2026, 51 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
51 d early
2024
44 d early
2023
55 d early
2022
32 d early
2021
46 d early
2020
54 d early
2019
50 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€464k▲ 34.1%
2024 · €346k
Total assets
€497k▲ 27.6%
2024 · €389k
Net result
€118k▲ 39.1%
2024 · €85k
Working capital
€443k▲ 42.2%
2024 · €311k
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
Line20212022202320242025
Operating result€86k▼ 5.6%€70k▼ 18.0%€102k▲ 44.9%€104k▲ 1.9%€139k▲ 34.2%
Net result€61k▼ 12.5%€37k▼ 38.6%€83k▲ 123%€85k▲ 2.0%€118k▲ 39.1%
Equity€195k▼ 4.5%€233k▲ 19.1%€316k▲ 35.7%€346k▲ 9.4%€464k▲ 34.1%
Total assets€284k▲ 31.2%€304k▲ 7.1%€371k▲ 21.9%€389k▲ 5.1%€497k▲ 27.6%
Debt€89k▲ 647%€71k▼ 19.5%€55k▼ 23.4%€44k▼ 19.9%€33k▼ 23.8%
Working capital€179k▼ 11.3%€197k▲ 10.6%€278k▲ 41.0%€311k▲ 11.8%€443k▲ 42.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 34% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €497k
Fixed assets
€21k ▼ 47.4%
Current assets
€476k ▲ 36.1%
Equity and liabilities €497k
Equity
€464k ▲ 34.1%
Debt
€33k ▼ 23.8%
Debt's share of the balance-sheet total falls from 11.2% to 6.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€158k▲
2024 · €122k
Cash flow
€137k▲
2024 · €104k
Current ratio
14.26▲
2024 · 9.09
Debt to equity
0.07▼
2024 · 0.13
ROE
25.4%▲
2024 · 24.5%
ROA
23.7%▲
2024 · 21.8%
Interest coverage
46.44▲
2024 · -21.26
Debt ≤ 1 year
€33k▼
2024 · €38k
Debt > 1 year
€0▼
2024 · €5k
Income taxes
€46k▲
2024 · €31k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €448 | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12k | €17k | €19k | €19k | €19k | = |
| Other operating charges640/8 | €1k | €2k | €2k | €2k | €2k | ▲ 4.4% |
| Gross operating margin9900 | €99k | €89k | €122k | €124k | €160k | ▲ 28.6% |
| Operating profit (loss)9901 | €86k | €70k | €102k | €104k | €139k | ▲ 34.2% |
| Financial income75/76B | €2k | €6k | €2k | €6k | €28k | ▲ 338% |
| Recurring financial income75 | €2k | €6k | €2k | €6k | €28k | ▲ 338% |
| Financial charges65/66B | €3k | €20k | €-9k | €-6k | €3k | ▲ 159% |
| Recurring financial charges65 | €3k | €20k | €-9k | €-6k | €3k | ▲ 159% |
| Profit (loss) for the period before taxes9903 | €85k | €56k | €112k | €116k | €164k | ▲ 41.6% |
| Income taxes67/77 | €24k | €18k | €29k | €31k | €46k | ▲ 48.5% |
| Profit (loss) for the period9904 | €61k | €37k | €83k | €85k | €118k | ▲ 39.1% |
| Profit (loss) for the period to be appropriated9905 | €61k | €37k | €83k | €85k | €118k | ▲ 39.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €284k | €304k | €371k | €389k | €497k | ▲ 27.6% |
| Fixed assets21/28 | €69k | €72k | €59k | €40k | €21k | ▼ 47.4% |
| Tangible fixed assets22/27 | €69k | €72k | €59k | €40k | €21k | ▼ 47.4% |
| Plant, machinery and equipment23 | €283 | €0 | €2k | €1k | €457 | ▼ 56.4% |
| Furniture and vehicles24 | €69k | €53k | €40k | €23k | €7k | ▼ 68.2% |
| Other tangible fixed assets26 | - | €20k | €17k | €15k | €13k | ▼ 14.8% |
| Current assets29/58 | €215k | €232k | €312k | €350k | €476k | ▲ 36.1% |
| Amounts receivable after more than one year29 | €71k | €131k | €60k | €0 | - | - |
| Other amounts receivable291 | €71k | €131k | €60k | €0 | - | - |
| Amounts receivable within one year40/41 | - | €3k | €938 | €1k | €2k | ▲ 105% |
| Trade receivables40 | - | - | - | €6 | €2k | ▲ 33,860% |
| Other amounts receivable41 | - | €3k | €938 | €996 | €0 | ▼ 100% |
| Current investments50/53 | €98k | €79k | €213k | €253k | €58k | ▼ 77.1% |
| Cash at bank and in hand54/58 | €45k | €17k | €36k | €96k | €416k | ▲ 335% |
| Deferred charges and accrued income490/1 | €942 | €3k | €2k | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €284k | €304k | €371k | €389k | €497k | ▲ 27.6% |
| Equity10/15 | €195k | €233k | €316k | €346k | €464k | ▲ 34.1% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €177k | €214k | €297k | €327k | €445k | ▲ 36.1% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €175k | €212k | €295k | €325k | €443k | ▲ 36.3% |
| Profit (loss) carried forward14 | €129 | €132 | €139 | €148 | €153 | ▲ 3.7% |
| Amounts payable17/49 | €89k | €71k | €55k | €44k | €33k | ▼ 23.8% |
| Amounts payable after more than one year17 | €53k | €37k | €21k | €5k | €0 | ▼ 100% |
| Financial debts170/4 | €53k | €37k | €21k | €5k | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €36k | €34k | €33k | €38k | €33k | ▼ 13.2% |
| Current portion of amounts payable after more than one year42 | €15k | €16k | €16k | €16k | €5k | ▼ 66.5% |
| Trade debts44 | €2k | €9k | €711 | €145 | €750 | ▲ 418% |
| Suppliers440/4 | €2k | €9k | €711 | €145 | €750 | ▲ 418% |
| Taxes, remuneration and social security45 | €18k | €7k | €17k | €22k | €25k | ▲ 10.2% |
| Taxes450/3 | €18k | €7k | €17k | €22k | €25k | ▲ 10.2% |
| Remuneration and social security454/9 | €141 | €0 | - | - | - | - |
| Other amounts payable47/48 | €91 | €2k | €0 | - | €3k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €61k | €37k | €83k | €85k | €118k | ▲ 39.1% |
| + Depreciation and write-downs630 | €12k | €17k | €19k | €19k | €19k | = |
| Operating cash flow (approximation) | €73k | €55k | €102k | €104k | €137k | ▲ 32.0% |
| Investment in fixed assets (approximation) | - | €-20k | €-5k | €0 | €0 | - |
| Change in cash | - | €-28k | €19k | €60k | €320k | ▲ 436% |
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
Next filing, fiscal year 2026, expected by
2026
10-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €118k ▲39.1%
Operating result €139k, net result €118k, both a record.
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
06-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €37k ▼38.6%
Net result drops to €37k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €200kEq €233k ▲19.1%
5 profitable years in a row build equity to €233k.
15-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
07-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €200kEq €205k ▲58.7%
3 profitable years in a row build equity to €205k.
11-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €100kEq €129k ▲84.6%
2 profitable years in a row build equity to €129k.
04-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Brasschaat · 2 establishment units since 2018
Ground area
996 m²
Building footprint
317 m²
Volume, LiDAR
4,147 m³
2 parcels, Flanders · tallest building 29.5 m, ±9 floors. Linked by address, not a title deed.
2 establishment units
Polygoon Consult
since 20182.271.583.909
Zeedijk-Heist 113, 8301 Knokke-Heist
since 20202.302.306.975
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11324D0745/00L002indicative | Flanders | 881 m² | 1 · 202 m² | 8.6 m · 2 fl. |
| 31008A0001/00R002 | Flanders | 115 m² | 1 · 115 m² | 29.5 m · 9 fl. |
Linked by address, not proof of ownership
Good to know
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
894500AGWXCMY1RJOY81
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,575. 35,258 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded03-01-2018
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.