ACTIVE

POLAR

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Financial year 2022 · closed on 31/12/2022

Net result

10,9 k €

+15.7% YoY

Gross margin

37 k €

-10.6% YoY

Equity

-30,3 k €

+26.3% YoY

What does POLAR do?

POLAR is a Private company with limited liability incorporated in 1982. Its registered office is in Zuienkerke.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0423.307.406

Incorporation

26/11/1982

Legal form

Private company with limited liability

Registered office

Oostendse Steenweg 49
8377 Zuienkerke · FlandreSee on map

Contributed capital

20 000,00 €

Latest accounts

31/12/2022

Joint committees (1)

Signals

ProfitablePositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	37 k €	-10.6%	41,4 k €	+75.6%	23,6 k €	+6.2%	22,2 k €	-24.6%	29,4 k €	-11.6%	33,3 k €	+1.7%	32,8 k €	-8.3%	35,7 k €	+40.4%	25,5 k €	+24.4%	20,5 k €	+17.8%	17,4 k €	-60.3%	43,8 k €	+17.2%	37,3 k €	-16.1%	44,5 k €	+17.4%	37,9 k €	+9.7%	34,5 k €	-5.7%	36,6 k €
EBITDA	12,1 k €	-56.3%	27,6 k €	+81.3%	15,2 k €	+3555%	416,4 €	-95.4%	9 k €	+166%	-13,7 k €	-301%	6,8 k €	+54.4%	4,4 k €	+192%	-4,8 k €	+50.7%	-9,7 k €	+21.0%	-12,3 k €	-1074%	1,3 k €	+112%	-10,3 k €	-639%	-1,4 k €	+75.3%	-5,7 k €	+16.5%	-6,8 k €	-78.5%	-3,8 k €
Operating result	12,1 k €	-56.1%	27,5 k €	+156%	10,7 k €	+3196%	325,5 €	-96.4%	8,9 k €	+165%	-13,8 k €	-304%	6,7 k €	+61.1%	4,2 k €	+178%	-5,4 k €	+47.9%	-10,3 k €	+21.0%	-13 k €	-2193%	623 €	+106%	-10,8 k €	-403%	-2,1 k €	+76.1%	-9 k €	+12.3%	-10,2 k €	-41.0%	-7,3 k €
Net result	10,9 k €	+15.7%	9,4 k €	-10.7%	10,5 k €	+8259%	125,7 €	-98.6%	8,7 k €	+162%	-14,1 k €	-318%	6,5 k €	+70.1%	3,8 k €	+166%	-5,8 k €	+46.7%	-10,8 k €	+19.0%	-13,4 k €	-6473%	209,7 €	+102%	-11,4 k €	-326%	-2,7 k €	+71.9%	-9,5 k €	-33.6%	-7,1 k €	-34.0%	-5,3 k €
Balance sheet
Equity	-30,3 k €	+26.3%	-41,2 k €	+18.5%	-50,6 k €	+17.2%	-61,1 k €	+0.2%	-61,2 k €	+12.5%	-69,9 k €	-25.3%	-55,8 k €	+10.4%	-62,3 k €	+5.8%	-66,1 k €	-9.6%	-60,3 k €	-21.9%	-49,5 k €	-37.0%	-36,1 k €	+0.6%	-36,4 k €	-45.7%	-25 k €	-12.0%	-22,3 k €	-74.7%	-12,8 k €	-127%	-5,6 k €
Total assets	43,7 k €	+92.7%	22,7 k €	+73.0%	13,1 k €	-21.5%	16,7 k €	-10.3%	18,6 k €	+10.9%	16,8 k €	+73.9%	9,7 k €	-4.0%	10,1 k €	+112%	4,8 k €	-41.8%	8,2 k €	-27.9%	11,3 k €	-5.0%	11,9 k €	+24.0%	9,6 k €	-37.6%	15,4 k €	+60.8%	9,6 k €	-12.7%	11 k €	-36.2%	17,2 k €
Cash	32,4 k €	+155%	12,7 k €	+744%	1,5 k €	-59.1%	3,7 k €	-43.4%	6,5 k €	+1.4%	6,4 k €	+146%	2,6 k €	-3.3%	2,7 k €	+876%	277,6 €	-87.6%	2,2 k €	-42.0%	3,9 k €	+585%	564,3 €	-70.4%	1,9 k €	-59.0%	4,6 k €	+74.7%	2,7 k €	+211%	855,9 €	-69.5%	2,8 k €
Debts	74,1 k €	+15.9%	63,9 k €	+0.3%	63,7 k €	-18.1%	77,8 k €	-2.6%	79,8 k €	-7.9%	86,7 k €	+32.4%	65,5 k €	-9.5%	72,4 k €	+2.1%	70,9 k €	+3.4%	68,5 k €	+12.6%	60,8 k €	+26.5%	48,1 k €	+4.6%	46 k €	+13.9%	40,4 k €	+26.7%	31,9 k €	+34.3%	23,7 k €	+4.0%	22,8 k €
Other
Workforce	–		–		–		–		–		3,0 ETP	+233%	0,9 ETP	-10.0%	1,0 ETP	-16.7%	1,2 ETP	+20.0%	1,0 ETP	0.0%	1,0 ETP	-50.0%	2,0 ETP	-4.8%	2,1 ETP	+10.5%	1,9 ETP	-5.0%	2,0 ETP		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2022 · 1 active · 2 ended

Active mandates

Leopold De Schepper

Mandate

Active

Ended mandates

Leopold De Schepper

Manager · since 26 novembre 1982

Ended

Leopold De Schepper

Manager

Ended

Annual accounts

Full financial information

	2022	2021	2020	2019	2018	2017
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Abridged model
Start of the financial year	01/01/2022	01/01/2021	01/01/2020	01/01/2019	01/01/2018	01/01/2017
Closing of the financial year	31/12/2022	31/12/2021	31/12/2020	31/12/2019	31/12/2018	31/12/2017
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/08/2023	31/08/2022	01/07/2022	25/06/2022	03/05/2020	07/03/2019
General meeting	31/05/2023	16/05/2022	17/05/2021	18/05/2020	20/05/2019	21/05/2018
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2022	31/05/2023	31/08/2023	Dutch	PDF
Micro model	31/12/2021	16/05/2022	31/08/2022	Dutch	PDF
Micro model	31/12/2020	17/05/2021	01/07/2022	Dutch	PDF
Micro model	31/12/2019	18/05/2020	25/06/2022	Dutch	PDF
Micro model	31/12/2018	20/05/2019	03/05/2020	Dutch	PDF
Abridged model	31/12/2017	21/05/2018	07/03/2019	Dutch	PDF
Abridged model	31/12/2016	15/05/2017	25/11/2017	Dutch	PDF
Abridged model	31/12/2015	16/05/2016	25/09/2016	Dutch	PDF
Abridged model	31/12/2014	18/05/2015	14/10/2015	Dutch	PDF
Abridged model	31/12/2013	19/05/2014	31/08/2014	Dutch	PDF
Abridged model	31/12/2012	20/05/2013	09/09/2013	Dutch	PDF
Abridged model	31/12/2011	21/05/2012	27/06/2012	Dutch	PDF
Abridged model	31/12/2010	16/05/2011	10/10/2011	Dutch	PDF
Abridged model	31/12/2009	17/05/2010	14/10/2010	Dutch	PDF
Abridged model	31/12/2008	18/05/2009	29/09/2009	Dutch	PDF
Abridged model	31/12/2007	19/05/2008	29/09/2008	Dutch	PDF
Abridged model	31/12/2006	21/05/2007	08/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2022 · 1 active · 2 ended

Active mandates

Leopold De Schepper

Mandate

Active

Ended mandates

Leopold De Schepper

Manager · since 26 novembre 1982

Ended

Leopold De Schepper

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Capital / shares10/12/2007
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2022
Annual accounts 202210,9 k €↑
2021
Annual accounts 20219,4 k €↓
2020
Annual accounts 202010,5 k €↑
2019
Annual accounts 2019125,7 €↓
2018
Annual accounts 20188,7 k €↑
2017
Annual accounts 2017-14,1 k €↓
2016
Annual accounts 20166,5 k €↑
2015
Annual accounts 20153,8 k €↑
2014
Annual accounts 2014-5,8 k €↑
2013
Annual accounts 2013-10,8 k €↑
2012
Annual accounts 2012-13,4 k €↓
2011
Annual accounts 2011209,7 €↑
2010
Annual accounts 2010-11,4 k €↓
2009
Annual accounts 2009-2,7 k €↑
2008
Annual accounts 2008-9,5 k €↓
2007
Annual accounts 2007-7,1 k €↓
2006
Annual accounts 2006-5,3 k €
26/11/1982
IncorporationPrivate company with limited liability

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

POLAR

Overview

What does POLAR do?

Trend over 17 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline