Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 5 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
PolyArtes from Horebeke, company number BE0837648151, closed financial year 2025 with a result of € -12,882 after tax. For that financial year PolyArtes recorded a gross margin of € -5,493 and equity of € -21,416. Compared with financial year 2024, the result moved from € -7,215 to € -12,882. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on December 4, 2025.
€ -21,416
▼ € 12,882 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -12,882
▼ 79 % more loss than in 2024
Profit after tax over the fiscal year.
€ 1,820
▼ 49% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -27,616.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 1,819
▼ 56% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 35,388
▼ 12% vs 2024
€ 4,941 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 856
▼ 35% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 9,895
▲ € 7,488 vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 15,359 | € 13,560 | € 2,241 | € -5,493 | ▼ € 7,734 |
| Profit after taxes | € 9,631 | € 2,833 | € -7,215 | € -12,882 | ▼ € 5,667 |
| Equity | € -4,152 | € -1,319 | € -8,534 | € -21,416 | ▼ € 12,882 |
| Total debts | € 52,752 | € 72,980 | € 70,615 | € 75,345 | ▲ 7% |
| Cash | € 6,312 | € 3,058 | € 3,602 | € 1,820 | ▼ 49% |
| Land & buildings | € 32,777 | € 54,861 | € 51,615 | € 48,369 | ▼ 6% |
| Retained profit | € -10,352 | € -7,519 | € -14,734 | € -27,616 | ▼ € 12,882 |
| Bank debt | € 32,819 | € 44,911 | € 40,208 | € 35,388 | ▼ 12% |
| Balance sheet total | € 48,600 | € 71,661 | € 62,081 | € 53,929 | ▼ 13% |
Key figures of PolyArtes, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to PolyArtes?
What happened at PolyArtes in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 12,882. Source: NBB ↗
- New establishment in Horebeke. KBO
- Start of the company according to the CBE. KBO
In short
From € 9,631 profit in 2022 to € 12,882 loss in 2025.
Best year ever: 2022, with € 9,631 profit.
Management
Behind PolyArtes is Karen Ketels.
Directors
According to the 2025 annual accounts
Karen Ketels
Director
Establishments
Establishment units
Physical locations of this company
Korsele 1
9667 Horebeke
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0837.648.151
- VAT number
- BE 0837.648.151
- Registered office
- Korsele 1, 9667 Horebeke
- Names & denominations
- PolyArtes
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 7 July 2011
- Peppol
- Active · Active since 2 Apr 2025
- Activities · NACE
Activiteiten van fotografen, met uitzondering van persfotografen
Literaire creatie
Beoefening van uitvoerende kunsten door zelfstandig werkende artiesten
Scheppende kunsten, m.u.v. ondersteunende diensten