ACTIVE

POLYCOOL

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Financial year 2025 · closed on 30/06/2025

Net result

14,6 k €

-77.1% YoY

Gross margin

2 M €

+5.1% YoY

Equity

2,8 M €

+0.5% YoY

Workforce

24,8 ETP

-0.8% YoY

What does POLYCOOL do?

POLYCOOL is a Public limited company incorporated in 1989. Its main activity is: Manufacture of non-domestic cooling and ventilation equipment. Its registered office is in Meise. It employs on average 24,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0439.074.755

Incorporation

14/12/1989

Legal form

Public limited company

Registered office

Krommestraat 11
1860 Meise · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

30/06/2025

Average workforce

24,8 ETP

Activities (NACE)

28250Manufacture of non-domestic cooling and ventilation equipment· main 28250Manufacture of non-domestic cooling and ventilation equipment 29230Manufacture of bodies (coachwork) for motor vehicles; manufacture of trailers and semi-trailers 27510Manufacture of electric domestic appliances 27510Manufacture of electric domestic appliances 29710Manufacture of motor vehicles, trailers and semi-trailers+9

Joint committees (2)

14901
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	2 M €	+5.1%	1,9 M €	+1.5%	1,9 M €	+7.2%	1,8 M €	-3.5%	1,8 M €	+9.6%	1,7 M €	-7.9%	1,8 M €	+9.1%	1,7 M €	+29.3%	1,3 M €	+0.3%	1,3 M €	+15.3%	1,1 M €	-17.9%	1,4 M €	-18.1%	1,7 M €	-31.1%	2,4 M €	+11.7%	2,1 M €	+18.0%	1,8 M €	-6.6%	1,9 M €	-15.3%	2,3 M €	+28.9%	1,8 M €
EBITDA	242,6 k €	+33.6%	181,6 k €	+0.3%	181,1 k €	+71.4%	105,7 k €	-26.3%	143,3 k €	+23.1%	116,4 k €	-43.4%	205,7 k €	-1.1%	208 k €	+71.6%	121,2 k €	+98.7%	61 k €	+134%	26,1 k €	-80.6%	134,6 k €	-61.6%	350,7 k €	-64.5%	987 k €	+2.8%	960,5 k €	+31.1%	732,5 k €	-18.3%	896,6 k €	-19.5%	1,1 M €	+69.8%	656 k €
Operating result	52,3 k €	+307%	12,9 k €	-74.0%	49,5 k €	+1954%	-2,7 k €	-104%	63,1 k €	+92.3%	32,8 k €	-75.2%	132,5 k €	+76.1%	75,2 k €	+629%	10,3 k €	+119%	-54,8 k €	+35.5%	-85 k €	-81.1%	-46,9 k €	-130%	155,4 k €	-80.6%	802,3 k €	+3.5%	775,5 k €	+39.0%	557,8 k €	-24.7%	741,2 k €	-19.5%	920,4 k €	+77.8%	517,6 k €
Net result	14,6 k €	-77.1%	63,9 k €	+5053%	1,2 k €	-46.1%	2,3 k €	-97.0%	77 k €	+86.0%	41,4 k €	-69.1%	134 k €	+36.5%	98,1 k €	+5.8%	92,7 k €	+21.0%	76,7 k €	+389%	15,7 k €	-84.2%	99,5 k €	-64.2%	277,7 k €	-46.6%	519,9 k €	-26.5%	707,7 k €	+44.2%	491 k €	+562%	-106,2 k €	-119%	553,5 k €	-2.8%	569,7 k €
Balance sheet
Equity	2,8 M €	+0.5%	2,8 M €	+2.3%	2,7 M €	+0.0%	2,7 M €	+0.1%	2,7 M €	+2.9%	2,7 M €	+1.6%	2,6 M €	+5.4%	2,5 M €	+4.1%	2,4 M €	+4.0%	2,3 M €	-50.2%	4,6 M €	+0.3%	4,6 M €	-19.3%	5,7 M €	+5.0%	5,4 M €	+10.4%	4,9 M €	+16.5%	4,2 M €	+12.9%	3,7 M €	-3.0%	3,9 M €	+16.5%	3,3 M €
Total assets	3,6 M €	-4.2%	3,8 M €	+0.3%	3,8 M €	+4.3%	3,6 M €	-0.1%	3,6 M €	+5.0%	3,5 M €	+2.5%	3,4 M €	+6.3%	3,2 M €	+2.2%	3,1 M €	+11.0%	2,8 M €	-41.9%	4,8 M €	-19.2%	6 M €	+0.7%	5,9 M €	+2.6%	5,8 M €	+11.8%	5,2 M €	+17.6%	4,4 M €	+10.2%	4 M €	-4.3%	4,2 M €	+13.6%	3,7 M €
Cash	582,5 k €	+29.6%	449,3 k €	+82.3%	246,5 k €	-14.5%	288,3 k €	-52.5%	606,5 k €	+9.8%	552,5 k €	-46.5%	1 M €	-26.4%	1,4 M €	-11.2%	1,6 M €	-8.6%	1,7 M €	-28.5%	2,4 M €	-11.6%	2,7 M €	+38.5%	2 M €	-5.4%	2,1 M €	-19.3%	2,6 M €	+31.0%	2 M €	+31.5%	1,5 M €	+52.3%	985,7 k €	+78.6%	551,9 k €
Debts	813,8 k €	-17.5%	986,6 k €	-5.0%	1 M €	+17.7%	882,1 k €	-0.5%	886,3 k €	+12.0%	791,2 k €	+5.6%	749,1 k €	+9.6%	683,3 k €	-4.0%	711,7 k €	+43.3%	496,7 k €	+158%	192,8 k €	-85.8%	1,4 M €	+542%	210,9 k €	-35.8%	328,3 k €	+40.7%	233,3 k €	+46.5%	159,3 k €	-32.8%	237,2 k €	-21.5%	302,2 k €	-13.6%	349,9 k €
Other
Workforce	24,8 ETP	-0.8%	25,0 ETP	-3.5%	25,9 ETP	-9.1%	28,5 ETP	-3.1%	29,4 ETP	+6.1%	27,7 ETP	-1.8%	28,2 ETP	+5.2%	26,8 ETP	+15.5%	23,2 ETP	+1.3%	22,9 ETP	+6.0%	21,6 ETP	-8.9%	23,7 ETP	-9.9%	26,3 ETP	-11.7%	29,8 ETP	+11.6%	26,7 ETP	+6.0%	25,2 ETP	+4.6%	24,1 ETP	-13.0%	27,7 ETP	+4.1%	26,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 3 active · 22 ended

Active mandates

Anje VAN MILEGHEM

Director · since 31 janvier 2020 · until 04 décembre 2025

Active

Christiane EMMERECHTS

Director · since 31 janvier 2020 · until 04 décembre 2025

Active

Stefaan VAN MILEGHEM

Managing director · since 31 janvier 2020 · until 04 décembre 2025

Active

Ended mandates

Stefaan VAN MILEGHEM

Afgevaardigd Bestuurder · since 31 janvier 2020 · until 04 décembre 2025

Ended

Anja VAN MILEGHEM

Director · since 07 décembre 2017 · until 07 décembre 2023

Ended

Anje VAN MILEGHEM

Director · since 07 décembre 2017 · until 07 décembre 2023

Ended

Christiane EMMERECHTS

Director · since 07 décembre 2017 · until 07 décembre 2023

Ended

At this address

Other companies at this address

Company	CBE no.
ELMUS● Active	0778.815.869
FRIMO● Active	0424.951.060
KLEINKINDEREN VAN MILEGHEM - EMMERECHTS● Active	0725.944.733

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	22/01/2026	27/01/2025	24/01/2024	28/01/2023	16/12/2021	28/02/2021
General meeting	04/12/2025	05/12/2024	07/12/2023	01/12/2022	02/12/2021	03/12/2020
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	30/06/2025	04/12/2025	22/01/2026	Dutch	PDF
Abridged model	30/06/2024	05/12/2024	27/01/2025	Dutch	PDF
Abridged model	30/06/2023	07/12/2023	24/01/2024	Dutch	PDF
Abridged model	30/06/2022	01/12/2022	28/01/2023	Dutch	PDF
Abridged model	30/06/2021	02/12/2021	16/12/2021	Dutch	PDF
Abridged model	30/06/2020	03/12/2020	28/02/2021	Dutch	PDF
Abridged model	30/06/2019	05/12/2019	29/01/2020	Dutch	PDF
Abridged model	30/06/2018	06/12/2018	07/01/2019	Dutch	PDF
Abridged model	30/06/2017	07/12/2017	16/01/2018	Dutch	PDF
Abridged model	30/06/2016	01/12/2016	31/01/2017	Dutch	PDF
Abridged model	30/06/2015	03/12/2015	29/01/2016	Dutch	PDF
Abridged model	30/06/2014	04/12/2014	11/04/2015	Dutch	PDF
Abridged model	30/06/2013	30/01/2014	14/02/2014	Dutch	PDF
Abridged model	30/06/2012	19/02/2013	29/03/2013	Dutch	PDF
Abridged model	30/06/2011	19/01/2012	18/02/2012	Dutch	PDF
Abridged model	30/06/2010	02/12/2010	29/12/2010	Dutch	PDF
Abridged model	30/06/2009	24/12/2009	14/01/2010	Dutch	PDF
Abridged model	30/06/2008	24/12/2008	20/01/2009	Dutch	PDF
Abridged model	30/06/2007	06/12/2007	27/12/2007	Dutch	PDF
Abridged model	30/06/2006	28/12/2006	26/01/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 30/06/2025 · 3 active · 22 ended

Active mandates

Anje VAN MILEGHEM

Director · since 31 janvier 2020 · until 04 décembre 2025

Active

Christiane EMMERECHTS

Director · since 31 janvier 2020 · until 04 décembre 2025

Active

Stefaan VAN MILEGHEM

Managing director · since 31 janvier 2020 · until 04 décembre 2025

Active

Ended mandates

Stefaan VAN MILEGHEM

Afgevaardigd Bestuurder · since 31 janvier 2020 · until 04 décembre 2025

Ended

Anja VAN MILEGHEM

Director · since 07 décembre 2017 · until 07 décembre 2023

Ended

Anje VAN MILEGHEM

Director · since 07 décembre 2017 · until 07 décembre 2023

Ended

Christiane EMMERECHTS

Director · since 07 décembre 2017 · until 07 décembre 2023

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/03/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/02/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/07/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/01/2013
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares02/01/2012
KAPITAAL - AANDELEN
PDF
Mandates22/04/2008
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/10/2006
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 202514,6 k €↓
2024
Annual accounts 202463,9 k €↑
2023
Annual accounts 20231,2 k €↓
2022
Annual accounts 20222,3 k €↓
2021
Annual accounts 202177 k €↑
2020
Annual accounts 202041,4 k €↓
2019
Annual accounts 2019134 k €↑
2018
Annual accounts 201898,1 k €↑
2017
Annual accounts 201792,7 k €↑
2016
Annual accounts 201676,7 k €↑
2015
Annual accounts 201515,7 k €↓
2014
Annual accounts 201499,5 k €↓
2013
Annual accounts 2013277,7 k €↓
2012
Annual accounts 2012519,9 k €↓
2011
Annual accounts 2011707,7 k €↑
2010
Annual accounts 2010491 k €↑
2009
Annual accounts 2009-106,2 k €↓
2008
Annual accounts 2008553,5 k €↓
2007
Annual accounts 2007569,7 k €
14/12/1989
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

POLYCOOL

Overview

What does POLYCOOL do?

Trend over 19 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