POULCO
ActivePOULCO has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €181k and a net result of €-2k. Equity is growing by ~15.8% per year across the filed fiscal years. Its solvency ranks better than 15% of 31540 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability65▼-8
Solvency33▼-3
Growth52=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity tight (current ratio 1.07 against 0.14 in 2024; short-term debt: 21.5% of total assets), and 91.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
8.4%
Return on assets
-0.1%
Age of the figures
15 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Sector 55
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 31540 sector peers (2025).
NBB · sector comparisonPosition among 31540 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
2 d early
2022
1 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close18-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€181k▼ 1.4%
2024 · €184k
2022: €108k
2023: €133k
2024: €184k
2022 → 2025
Total assets
€2.17M▲ 27.8%
2024 · €1.70M
2022: €1.10M
2023: €1.56M
2024: €1.70M
2022 → 2025
Net result
€-2k
2024 · €51k
2022: €103k
2023: €25k
2024: €51k
2022 → 2025
Working capital
€35k
2024 · €-334k
2022: €314k
2023: €80k
2024: €-334k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€108k-€133k▲ 23.3%€184k▲ 38.3%€181k▼ 1.4%
Operating result€106k-€40k▼ 61.8%€83k▲ 107%€35k▼ 58.2%
Net result€103k-€25k▼ 75.5%€51k▲ 103%€-2k
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 58% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.17M
Fixed assets
€1.67M▲ 1.6%
Current assets
€500k▲ 817%
Equity and liabilities €2.17M
Equity
€181k▼ 1.4%
Debt
€1.98M▲ 31.3%
The debt ratio rises from 89.2% to 91.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€210k▼
2024 · €222k
Cash flow
€173k▼
2024 · €189k
Solvency
8.4%▼
2024 · 10.8%
Current ratio
1.07▲
2024 · 0.14
Quick ratio
1.07▲
2024 · 0.14
Debt / equity
10.96▲
2024 · 8.23
ROE
-1.4%▼
2024 · 27.7%
ROA
-0.1%▼
2024 · 3.0%
Interest coverage
5.58▼
2024 · 6.75
Debt
€1.98M▲
2024 · €1.51M
Debt ≤ 1 year
€465k▲
2024 · €389k
Debt > 1 year
€1.52M▲
2024 · €1.12M
Staff costs
€41k▲
2024 · €10k
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€1.70M€2.17M▲
Fixed assets21/28€1.64M€1.67M▲
Tangible fixed assets22/27€1.64M€1.67M▲
Land and buildings22€1.24M€1.26M▲
Plant, machinery and equipment23€352k€327k▼
Furniture and vehicles24€46k€79k▲
Other tangible fixed assets26€3k€0▼
Current assets29/58€55k€500k▲
Stocks and contracts in progress3-€2k
Stocks30/36-€2k
Amounts receivable within one year40/41€55k€498k▲
Trade receivables40€53k€31k▼
Other amounts receivable41€1k€467k▲
Cash at bank and in hand54/58€0-
Equity and liabilities
Total equity and liabilities10/49€1.70M€2.17M▲
Equity10/15€184k€181k▼
Contributions10/11€5k€5k=
Profit (loss) carried forward14€179k€176k▼
Amounts payable17/49€1.51M€1.98M▲
Amounts payable after more than one year17€1.12M€1.52M▲
Financial debts170/4€1.12M€1.52M▲
Amounts payable within one year42/48€389k€465k▲
Current portion of amounts payable after more than one year42€93k€133k▲
Financial debts43-€2k
Credit institutions430/8-€2k
Trade debts44€11k€35k▲
Suppliers440/4€11k€35k▲
Taxes, remuneration and social security45€18k€18k▼
Taxes450/3€15k€12k▼
Remuneration and social security454/9€3k€6k▲
Other amounts payable47/48€266k€276k▲
Accrued charges and deferred income492/3-€4k
Income statement
Code20242025
Remuneration, social security and pensions62€10k€41k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€138k€175k▲
Other operating charges640/8€2k€3k▲
Gross operating margin9900€234k€255k▲
Operating profit (loss)9901€83k€35k▼
Financial income75/76B€277€288▲
Recurring financial income75€277€288▲
Financial charges65/66B€33k€38k▲
Recurring financial charges65€33k€38k▲
Profit (loss) for the period before taxes9903€51k€-2k▼
Profit (loss) for the period9904€51k€-2k▼
Profit (loss) for the period to be appropriated9905€51k€-2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€179k€176k▼
Profit (loss) brought forward from the previous period14P€128k€179k▲
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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Weakest financial yearnet €-2k ▼105%
Net result drops to €-2k, the lowest in the series.
30-06
Financial
Liquidity times 8current ratio 1.07
Current ratio from 0.14 to 1.07.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Equity above €150kEq €184k ▲38.3%
3 profitable years in a row build equity to €184k.
29-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
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, Menen · 1 establishment unit since 2022
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.
Industrielaan 318930 MenenGround area
3.5 ha
Building footprint
1.4 ha
Volume, LiDAR
69,204 m³
2 parcels, Flanders · tallest building 10.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Beukelaarstraat(Dran) 1, 8951 Heuvelland
since 20222.335.029.431
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34027F0491/00E000 | Flanders | 2.8 ha | 1 · 1.4 ha | 10.5 m · 1 fl. |
| 33006A0777/00R000 | Flanders | 6,920 m² | 1 · 190 m² | 9.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Similar companies · same sector, comparable size
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GREEN
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De Haan · Eq €180k
HOTELCONCEPT
BE 0873.830.141
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TROCH INVESTMENT & MANAGEMENT
BE 0822.474.579
Willebroek · Eq €184k
DM Consult
BE 1003.998.203
Brugge · Eq €178k
Of 3,002 companies in sector 55203 we hold annual accounts for 689. 505 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-07-2020
Fiscal year end30-06
Activities, NACEBEL
55203Holiday cottages, homes and apartments
70100Activities of head offices
01500Mixed farming
56210Event catering
71112Activities of interior architects
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.