Polywave
ActiveSummary
The computed 12-month bankruptcy probability of Polywave is 3.3% (moderate). The 2025 annual accounts show negative equity (-€97,003) and a net result of -€197,003. Its solvency ranks better than 5% of 10429 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes
Profitability0
Solvency0
Growth-
Track record67
Bankruptcy probability, 12 months
3.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.13; short-term debt: 88.1% and cash: 44.5% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-254.4%
Return on assets
-516.7%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 28-07-2026, 3 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
3 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
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Financials · fiscal year 2025, abbreviated schema
Equity
-€97,003
Total assets
€38,127
Net result
-€197,003
Working capital
€4,525
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Key figures and ratios
Solvency
-254.4%
Current ratio
1.13
Debt to equity
-1.39
ROA
-516.7%
Debt
€135,130
Debt ≤ 1 year
€33,602
Debt > 1 year
€101,528
Annual accounts
| Line | 2025 |
|---|---|
| Other operating charges640/8 | €893 |
| Gross operating margin9900 | -€194,575 |
| Operating profit (loss)9901 | -€195,467 |
| Financial charges65/66B | €1,536 |
| Recurring financial charges65 | €1,536 |
| Profit (loss) for the period before taxes9903 | -€197,003 |
| Profit (loss) for the period9904 | -€197,003 |
| Profit (loss) for the period to be appropriated9905 | -€197,003 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €38,127 | |
| Current assets29/58 | €38,127 | |
| Amounts receivable within one year40/41 | €18,370 | |
| Trade receivables40 | €12,826 | |
| Other amounts receivable41 | €5,544 | |
| Cash at bank and in hand54/58 | €16,967 | |
| Deferred charges and accrued income490/1 | €2,790 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €38,127 | |
| Equity10/15 | -€97,003 | |
| Contributions10/11 | €100,000 | |
| Capital10 | €100,000 | |
| Issued capital100 | €100,000 | |
| Profit (loss) carried forward14 | -€197,003 | |
| Amounts payable17/49 | €135,130 | |
| Amounts payable after more than one year17 | €101,528 | |
| Financial debts170/4 | €101,528 | |
| Amounts payable within one year42/48 | €33,602 | |
| Financial debts43 | €525 | |
| Credit institutions430/8 | €525 | |
| Trade debts44 | €33,077 | |
| Suppliers440/4 | €33,077 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | -€197,003 |
| Operating cash flow (approximation) | -€197,003 |
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
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
NBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Gent · 1 establishment unit since 2024
Ground area
472 m²
Building footprint
109 m²
Volume, LiDAR
752 m³
Parcel 44808H0707/00D003, Flanders · tallest building 10.6 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Polywave
since 20242.361.448.964
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44808H0707/00D003 | Flanders | 472 m² | 1 · 109 m² | 10.6 m · 3 fl. |
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.
Similar companies · same sector and region
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G.D.B.-Jet Brandstoffen
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Hier&na
BE 0759.477.534
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PIZZA-MATIC
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 3,228 companies in sector 47781 we hold annual accounts for 743. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded04-06-2024
Fiscal year end31-12
Activities, NACEBEL 2025
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
46150Agents in the wholesale of furniture, household goods and hardware
46190Agents in non-specialised wholesale trade
70100Activities of head offices
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.