Summary
Poplar is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €427,294 and a net result of €218,725. Its solvency ranks better than 55% of 8094 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 03-06-2026, 58 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
58 d early
2024
72 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 65 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
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
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€427,294▼ 6.8%
2024 · €458,570
Net result
€218,725▼ 52.6%
2024 · €461,353
Total assets
€746,981▼ 39.2%
2024 · €1.2m
Solvency
57.2%▲ 19.9pp
2024 · 37.3%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20242025
Operating result€186,818-€168,715▼ 9.7%
Net result€461,353above the sector's middle half-€218,725above the sector's middle half▼ 52.6%
Equity€458,570above the sector's middle half-€427,294above the sector's middle half▼ 6.8%
Total assets€1.2mabove the sector's middle half-€746,981within the sector's middle half▼ 39.2%
Debt€769,889-€319,687▼ 58.5%
Working capital€233,624above the sector's middle half-€140,867within the sector's middle half▼ 39.7%
Solvency37.3%within the sector's middle half-57.2%within the sector's middle half▲ 19.9pp
Current ratio1.32within the sector's middle half-1.47within the sector's middle half▲ 0.16
Return on assets (ROA)37.6%above the sector's middle half-29.3%above the sector's middle half▼ 8.3pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 10% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €746,981
Fixed assets
€308,941 ▲ 18.0%
Current assets
€438,041 ▼ 54.7%
Equity and liabilities €746,981
Equity
€427,294 ▼ 6.8%
Debt
€319,687 ▼ 58.5%
Debt's share of the balance-sheet total falls from 62.7% to 42.8%. Equity and debt are lower.
Key figures and ratios
ROE
51.2%▼
2024 · 100.6%
Debt ≤ 1 year
€297,174▼
2024 · €733,112
Debt > 1 year
€22,513▼
2024 · €36,777
Income taxes
€45,555▲
2024 · €45,210
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Non-recurring operating income76A | €15,013 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €28,485 | €27,303 | ▼ 4.1% |
| Other operating charges640/8 | €2,917 | €2,268 | ▼ 22.2% |
| Gross operating margin9900 | €218,220 | €198,287 | ▼ 9.1% |
| Operating profit (loss)9901 | €186,818 | €168,715 | ▼ 9.7% |
| Financial income75/76B | €322,481 | €97,821 | ▼ 69.7% |
| Recurring financial income75 | €322,481 | €97,821 | ▼ 69.7% |
| Financial charges65/66B | €2,736 | €2,257 | ▼ 17.5% |
| Recurring financial charges65 | €2,736 | €2,257 | ▼ 17.5% |
| Profit (loss) for the period before taxes9903 | €506,563 | €264,279 | ▼ 47.8% |
| Income taxes67/77 | €45,210 | €45,555 | ▲ 0.8% |
| Profit (loss) for the period9904 | €461,353 | €218,725 | ▼ 52.6% |
| Profit (loss) for the period to be appropriated9905 | €461,353 | €218,725 | ▼ 52.6% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €1.2m | €746,981 | ▼ 39.2% |
| Fixed assets21/28 | €261,723 | €308,941 | ▲ 18.0% |
| Tangible fixed assets22/27 | €39,078 | €33,627 | ▼ 14.0% |
| Furniture and vehicles24 | €39,078 | €33,627 | ▼ 14.0% |
| Financial fixed assets28 | €222,645 | €275,314 | ▲ 23.7% |
| Current assets29/58 | €966,736 | €438,041 | ▼ 54.7% |
| Amounts receivable within one year40/41 | €0 | - | - |
| Other amounts receivable41 | €0 | - | - |
| Current investments50/53 | €701,980 | €103,338 | ▼ 85.3% |
| Cash at bank and in hand54/58 | €263,534 | €334,703 | ▲ 27.0% |
| Deferred charges and accrued income490/1 | €1,223 | €0 | ▼ 100% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €1.2m | €746,981 | ▼ 39.2% |
| Equity10/15 | €458,570 | €427,294 | ▼ 6.8% |
| Contributions10/11 | €80,000 | €80,000 | = |
| Reserves13 | €378,570 | €347,294 | ▼ 8.3% |
| Distributable reserves133 | €378,570 | €347,294 | ▼ 8.3% |
| Profit (loss) carried forward14 | €0 | €0 | - |
| Amounts payable17/49 | €769,889 | €319,687 | ▼ 58.5% |
| Amounts payable after more than one year17 | €36,777 | €22,513 | ▼ 38.8% |
| Financial debts170/4 | €36,777 | €22,513 | ▼ 38.8% |
| Amounts payable within one year42/48 | €733,112 | €297,174 | ▼ 59.5% |
| Current portion of amounts payable after more than one year42 | €13,696 | €14,264 | ▲ 4.2% |
| Financial debts43 | €108 | €0 | ▼ 100% |
| Credit institutions430/8 | €108 | €0 | ▼ 100% |
| Trade debts44 | €6,870 | €10,101 | ▲ 47.0% |
| Suppliers440/4 | €6,870 | €10,101 | ▲ 47.0% |
| Taxes, remuneration and social security45 | €115,748 | €63,653 | ▼ 45.0% |
| Taxes450/3 | €115,748 | €63,653 | ▼ 45.0% |
| Other amounts payable47/48 | €596,691 | €209,156 | ▼ 64.9% |
| Accrued charges and deferred income492/3 | €0 | - | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €461,353 | €218,725 | ▼ 52.6% |
| + Depreciation and write-downs630 | €28,485 | €27,303 | ▼ 4.1% |
| Operating cash flow (approximation) | €489,838 | €246,028 | ▼ 49.8% |
| Investment in fixed assets (approximation) | - | -€74,520 | - |
| Change in cash | - | €71,170 | - |
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
03-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
20-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
07-06
State Gazette act
General meeting · Director reappointment
Permanent representative · Mandate compensation
State Gazette actNBB filing
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, Keerbergen · 1 establishment unit since 2019
Ground area
2,094 m²
Building footprint
230 m²
Volume, LiDAR
1,415 m³
Parcel 24048A0091/00R002, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Poplar
since 20192.287.858.727
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24048A0091/00R002 | Flanders | 2,094 m² | 1 · 230 m² | 9.8 m · 2 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.
Structure & network
Owners and holdings
3 holdingsOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 3
- GBM III HoldingNLSourceown accounts 202545.46%
- GCM VNLSourceown accounts 202537.5%
- GCM IVNLSourceown accounts 202533.27%
According to the 2025 annual accounts of Poplar and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
This company
Company
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Shareholding
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
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Of 24,728 companies in sector 64210 we hold annual accounts for 19,800. 13,718 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
Founded12-04-2019
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
64999Other financial services
66199Other activities auxiliary to financial services, excluding insurance and pension funding
70200Business and other management consultancy
82990Other business support services
85599Other education
Contact
E-mail
thomasschelfhout@gmail.comKeerbergen
Phone
+32477183151Keerbergen
E-invoicing
Reachable via Peppol
Peppol ID
0208:0724844574
Also
9925:BE0724844574
Registered
14-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.