ACTIVE

POLYMAT

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Financial year 2025 · closed on 31/12/2025

Net result

811 k €

-16.0% YoY

Gross margin

2,3 M €

-8.4% YoY

Equity

3,1 M €

-5.7% YoY

Workforce

31,4 ETP

-0.3% YoY

What does POLYMAT do?

POLYMAT is a Public limited company incorporated in 1983. Its main activity is: Retail sale in non-specialised stores. Its registered office is in Gent. It employs on average 31,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0424.851.189

Incorporation

01/12/1983

Legal form

Public limited company

Registered office

Ottergemsesteenweg 248
9000 Gent · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Average workforce

31,4 ETP

Activities (NACE)

47120Retail sale in non-specialised stores· main 47191Other retail sale in non-specialised stores 47521Retail sale of hardware, paints and glass in specialised stores 47521Retail sale of hardware, paints and glass in specialised stores 52122Warehousing and storage 52461Warehousing and support activities for transportation

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	2,3 M €	-8.4%	2,5 M €		–		–		–		–		–		–		–		–		–		1,8 M €	-12.1%	2 M €	+12.6%	1,8 M €	+1.5%	1,8 M €	+9.1%	1,6 M €	+9.9%	1,5 M €	-4.1%	1,5 M €
EBITDA	1,1 M €	-17.0%	1,3 M €	+7.9%	1,2 M €	-7.0%	1,3 M €	-14.7%	1,5 M €	+89.5%	788,9 k €	-16.1%	939,9 k €	-0.1%	940,8 k €	-16.1%	1,1 M €	+49.7%	748,5 k €	-19.3%	926,9 k €	-0.3%	929,4 k €	-26.4%	1,3 M €	+16.8%	1,1 M €	-6.5%	1,2 M €	+26.1%	916 k €	+8.3%	846,2 k €	-11.6%	956,8 k €
Operating result	972,8 k €	-17.0%	1,2 M €	+12.0%	1 M €	-1.6%	1,1 M €	-15.5%	1,3 M €	+103%	619,2 k €	-18.7%	761,2 k €	-1.0%	769,1 k €	-18.8%	947,4 k €	+77.8%	532,8 k €	-34.3%	810,9 k €	-0.2%	812,6 k €	-21.0%	1 M €	+16.5%	882,8 k €	-8.5%	965 k €	+34.2%	719 k €	+8.9%	660,1 k €	-15.3%	778,9 k €
Net result	811 k €	-16.0%	965 k €	+10.4%	874,1 k €	-0.7%	879,9 k €	-13.9%	1 M €	+111%	483,6 k €	-14.3%	564 k €	-53.7%	1,2 M €	+39.1%	875 k €	+54.8%	565,2 k €	-4.8%	593,7 k €	-1.8%	604,8 k €	-16.1%	720,6 k €	+17.2%	614,7 k €	-7.7%	666,1 k €	+30.3%	511 k €	+7.0%	477,4 k €	-10.6%	533,9 k €
Balance sheet
Equity	3,1 M €	-5.7%	3,3 M €	+2.0%	3,3 M €	+2.3%	3,2 M €	+0.9%	3,2 M €	-23.7%	4,1 M €	-2.7%	4,2 M €	+15.3%	3,7 M €	+1.1%	3,6 M €	+31.6%	2,8 M €	+25.7%	2,2 M €	-31.4%	3,2 M €	+18.7%	2,7 M €	+29.8%	2,1 M €	+16.5%	1,8 M €	+17.5%	1,5 M €	+25.7%	1,2 M €	+29.7%	933,4 k €
Total assets	5,5 M €	-0.2%	5,5 M €	+2.3%	5,4 M €	+2.8%	5,2 M €	-1.4%	5,3 M €	-5.8%	5,6 M €	+10.1%	5,1 M €	+13.4%	4,5 M €	-5.9%	4,8 M €	+9.2%	4,4 M €	-4.4%	4,6 M €	+7.0%	4,3 M €	+6.5%	4 M €	+17.1%	3,4 M €	+8.7%	3,2 M €	+9.1%	2,9 M €	+31.9%	2,2 M €	+36.4%	1,6 M €
Cash	1,4 M €	+1.4%	1,4 M €	+48.8%	938,1 k €	+60.3%	585,4 k €	-54.8%	1,3 M €	-38.1%	2,1 M €	+33.9%	1,6 M €	+20.2%	1,3 M €	+32.5%	983,3 k €	+83.6%	535,5 k €	-52.8%	1,1 M €	+99.2%	569,5 k €	-15.6%	674,8 k €	+190%	232,4 k €	+130%	101 k €	-39.1%	165,9 k €	+45.1%	114,4 k €	-49.0%	224 k €
Debts	1,8 M €	+7.7%	1,7 M €	-0.4%	1,7 M €	+2.5%	1,7 M €	-7.9%	1,8 M €	+33.6%	1,3 M €	+76.3%	763,1 k €	-0.7%	768,4 k €	-29.9%	1,1 M €	-31.8%	1,6 M €	-30.7%	2,3 M €	+130%	1 M €	-18.6%	1,2 M €	-3.7%	1,3 M €	-2.9%	1,3 M €	+10.4%	1,2 M €	+90.6%	629,9 k €	-2.7%	647,5 k €
Other
Workforce	31,4 ETP	-0.3%	31,5 ETP	-2.5%	32,3 ETP	-4.2%	33,7 ETP	-7.9%	36,6 ETP	+6.4%	34,4 ETP	+8.5%	31,7 ETP	+6.4%	29,8 ETP	+1.4%	29,4 ETP	+5.4%	27,9 ETP	+15.3%	24,2 ETP	+11.5%	21,7 ETP	+4.8%	20,7 ETP	+8.9%	19,0 ETP	+5.6%	18,0 ETP	-1.1%	18,2 ETP	+2.2%	17,8 ETP	+9.2%	16,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 12 ended

Active mandates

Anne De Moor

Director

Active

Jan De Cuyper

Managing director

Active

Ended mandates

Anne De Moor

Director · since 15 avril 2019 · until 10 mai 2025

Ended

Jan De Cuyper

Managing director · since 15 avril 2019 · until 10 mai 2025

Ended

Anne De Moor

Director · since 30 juin 2014 · until 11 mai 2019

Ended

Polymat Holding

Director · since 20 décembre 2013 · until 11 mai 2019 · 0889.982.720

Represented by Jan De Cuyper

Ended

At this address

Other companies at this address

Company	CBE no.
IBOMA● Active	0428.926.179

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	08/06/2026	23/05/2025	22/04/2024	28/04/2023	04/07/2022	01/04/2021
General meeting	09/05/2026	10/05/2025	29/03/2024	31/03/2023	30/06/2022	02/03/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	09/05/2026	08/06/2026	Dutch	PDF
Abridged model	31/12/2024	10/05/2025	23/05/2025	Dutch	PDF
Full model	31/12/2023	29/03/2024	22/04/2024	Dutch	PDF
Full model	31/12/2022	31/03/2023	28/04/2023	Dutch	PDF
Full model	31/12/2021	30/06/2022	04/07/2022	Dutch	PDF
Full model	31/12/2020	02/03/2021	01/04/2021	Dutch	PDF
Full model	31/12/2019	24/03/2020	23/04/2020	Dutch	PDF
Full model	31/12/2018	15/04/2019	14/05/2019	Dutch	PDF
Full model	31/12/2017	12/05/2018	11/06/2018	Dutch	PDF
Full model	31/12/2016	30/06/2017	25/07/2017	Dutch	PDF
Full model	31/12/2015	30/06/2016	26/07/2016	Dutch	PDF
Full model	31/12/2014	30/06/2015	22/07/2015	Dutch	PDF
Full model	31/12/2013	30/06/2014	18/07/2014	Dutch	PDF
Abridged model	31/12/2012	29/06/2013	26/07/2013	Dutch	PDF
Abridged model	31/12/2011	12/05/2012	30/08/2012	Dutch	PDF
Abridged model	31/12/2010	14/05/2011	30/08/2011	Dutch	PDF
Abridged model	31/12/2009	15/05/2010	30/08/2010	Dutch	PDF
Abridged model	31/12/2008	30/05/2009	25/08/2009	Dutch	PDF
Abridged model	31/12/2007	06/10/2008	08/10/2008	Dutch	PDF
Abridged model	31/12/2006	30/10/2007	16/11/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 M€

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 31/12/2025 · 2 active · 12 ended

Active mandates

Anne De Moor

Director

Active

Jan De Cuyper

Managing director

Active

Ended mandates

Anne De Moor

Director · since 15 avril 2019 · until 10 mai 2025

Ended

Jan De Cuyper

Managing director · since 15 avril 2019 · until 10 mai 2025

Ended

Anne De Moor

Director · since 30 juin 2014 · until 11 mai 2019

Ended

Polymat Holding

Director · since 20 décembre 2013 · until 11 mai 2019 · 0889.982.720

Represented by Jan De Cuyper

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates30/10/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/12/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/08/2014
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/01/2014
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates06/09/2013
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates18/02/2008
ONTSLAGEN - BENOEMINGEN
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

2025
Annual accounts 2025811 k €↓
2024
Annual accounts 2024965 k €↑
2023
Annual accounts 2023874,1 k €↓
2022
Annual accounts 2022879,9 k €↓
2021
Annual accounts 20211 M €↑
2018
Annual accounts 2018483,6 k €↓
2017
Annual accounts 2017564 k €↓
2016
Annual accounts 20161,2 M €↑
2015
Annual accounts 2015875 k €↑
2014
Annual accounts 2014565,2 k €↓
2013
Annual accounts 2013593,7 k €↓
2012
Annual accounts 2012604,8 k €↓
2011
Annual accounts 2011720,6 k €↑
2010
Annual accounts 2010614,7 k €↓
2009
Annual accounts 2009666,1 k €↑
2008
Annual accounts 2008511 k €↑
2007
Annual accounts 2007477,4 k €↓
2006
Annual accounts 2006533,9 k €
01/12/1983
IncorporationPublic limited company

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

POLYMAT

Overview

What does POLYMAT do?

Trend over 18 financial years

Indicative valuation

Board of directors

Other companies at this address

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