ACTIVE

POLIEN

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Financial year 2025 · closed on 31/12/2025

Net result

73,5 k €

-33.5% YoY

Gross margin

552,6 k €

-7.6% YoY

Equity

920,1 k €

+8.7% YoY

Workforce

0,0 ETP

What does POLIEN do?

POLIEN is a Private limited company incorporated in 1995. Its registered office is in Middelkerke.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0454.668.890

Incorporation

06/03/1995

Legal form

Private limited company

Registered office

Sint-Pieterskapelleweg 6
8432 Middelkerke · FlandreSee on map

Contributed capital

19 840,00 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Joint committees (3)

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	552,6 k €	-7.6%	598,1 k €	+15.1%	519,5 k €	-2.4%	532,3 k €	+25.3%	425 k €	-27.4%	585,1 k €	+22.2%	478,8 k €	-16.9%	576,5 k €	+18.7%	485,5 k €	-2.0%	495,3 k €	+18.7%	417,3 k €	-0.3%	418,7 k €	+1.3%	413,3 k €	+37.1%	301,5 k €	-2.4%	308,9 k €	+1.7%	303,7 k €	+12.7%	269,5 k €	+19.6%	225,4 k €	+12.9%	199,6 k €	+11.3%	179,4 k €
EBITDA	544,7 k €	-7.2%	586,7 k €	+22.6%	478,7 k €	-1.2%	484,5 k €	+29.0%	375,6 k €	-29.8%	534,8 k €	+32.8%	402,8 k €	-18.3%	493,1 k €	+22.8%	401,6 k €	+2.2%	392,9 k €	+25.9%	312,1 k €	+9.2%	285,8 k €	-3.1%	294,9 k €	+39.1%	212 k €	-15.4%	250,5 k €	+1.5%	246,8 k €	+2.5%	240,9 k €	+18.2%	203,8 k €	+11.6%	182,6 k €	+2.6%	177,9 k €
Operating result	135,6 k €	-21.7%	173,1 k €	+46.7%	118 k €	-30.7%	170,3 k €	+209%	55,2 k €	-76.5%	234,6 k €	+251%	66,8 k €	-49.0%	130,8 k €	+269%	35,5 k €	-23.3%	46,3 k €	-28.1%	64,3 k €	+22.8%	52,3 k €	-13.3%	60,4 k €	+224%	-48,9 k €	-318%	22,4 k €	-35.9%	35 k €	-12.0%	39,8 k €	+11.3%	35,7 k €	-21.2%	45,4 k €	-41.2%	77,1 k €
Net result	73,5 k €	-33.5%	110,6 k €	+69.8%	65,1 k €	-53.6%	140,4 k €	+412%	27,4 k €	-85.5%	189,6 k €	+289%	48,8 k €	-49.4%	96,4 k €	+466%	17 k €	-26.9%	23,3 k €	-34.6%	35,6 k €	+16.4%	30,6 k €	-13.5%	35,4 k €	+154%	-65,6 k €	-360%	25,2 k €	+173%	9,2 k €	-12.5%	10,5 k €	-57.8%	25 k €	-64.1%	69,5 k €	+14.0%	61 k €
Balance sheet
Equity	920,1 k €	+8.7%	846,6 k €	+8.0%	784 k €	+2.9%	761,9 k €	+18.4%	643,7 k €	+4.4%	616,3 k €	+44.4%	426,6 k €	+12.9%	377,8 k €	+35.5%	278,8 k €	+6.5%	261,8 k €	+8.4%	241,4 k €	+7.9%	223,8 k €	+13.0%	198 k €	+21.7%	162,6 k €	-28.7%	228,2 k €	+12.4%	203 k €	+4.8%	193,8 k €	+5.8%	183,2 k €	+15.8%	158,2 k €	+78.4%	88,7 k €
Total assets	2,2 M €	-1.2%	2,2 M €	+0.4%	2,2 M €	+3.4%	2,1 M €	+22.9%	1,7 M €	-6.0%	1,8 M €	+7.4%	1,7 M €	-3.7%	1,8 M €	+22.0%	1,5 M €	+29.3%	1,1 M €	+21.3%	926,5 k €	+4.0%	890,5 k €	-15.4%	1,1 M €	-5.9%	1,1 M €	+27.2%	879 k €	+6.9%	821,9 k €	-4.8%	863,6 k €	+1.3%	852,3 k €	+43.1%	595,4 k €	+41.5%	420,9 k €
Cash	291,1 k €	+113%	136,8 k €	+0.9%	135,6 k €	+341%	30,7 k €	+217%	9,7 k €	+2250%	411,9 €	-99.0%	41,1 k €	+4.8%	39,2 k €	+158%	15,2 k €	-38.3%	24,7 k €	+662%	3,2 k €	+1215%	246,1 €	-88.9%	2,2 k €	+1531%	135,5 €	-98.8%	10,9 k €	-5.5%	11,5 k €	+101%	5,7 k €	-89.8%	55,9 k €	+1174%	4,4 k €	+507%	722,5 €
Debts	1,2 M €	-7.1%	1,3 M €	-4.1%	1,4 M €	+4.1%	1,3 M €	+25.7%	1,1 M €	-11.2%	1,2 M €	-5.8%	1,3 M €	-7.9%	1,4 M €	+18.0%	1,2 M €	+36.7%	851,8 k €	+25.5%	678,8 k €	+3.0%	658,9 k €	-22.1%	845,5 k €	-10.4%	943,4 k €	+48.7%	634,3 k €	+4.3%	608,2 k €	-7.6%	657,9 k €	+0.4%	655 k €	+54.6%	423,7 k €	+29.3%	327,7 k €
Other
Workforce	0,0 ETP		0,0 ETP	-100%	0,7 ETP	-30.0%	1,0 ETP	+42.9%	0,7 ETP	-36.4%	1,1 ETP	-38.9%	1,8 ETP	-10.0%	2,0 ETP	0.0%	2,0 ETP	-28.6%	2,8 ETP	+16.7%	2,4 ETP	-20.0%	3,0 ETP	0.0%	3,0 ETP	+25.0%	2,4 ETP	+33.3%	1,8 ETP	0.0%	1,8 ETP	+125%	0,8 ETP	+14.3%	0,7 ETP	+40.0%	0,5 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 31/12/2025 · 2 active · 4 ended

Active mandates

Geert Goemaere

Director

Active

Heidi DEPOORTER

Director

Active

Ended mandates

Heidi Depoorter

Director · since 08 août 2011

Ended

Heidi Depoorter

Manager · since 08 août 2011

Ended

Geert Goemaere

Director · since 01 janvier 1996

Ended

Geert Goemaere

Manager · since 01 janvier 1996

Ended

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	01/01/2025	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	31/08/2026	31/07/2025	02/10/2024	12/10/2023	27/09/2022	26/11/2021
General meeting	30/06/2026	24/06/2025	25/06/2024	27/06/2023	28/06/2022	29/06/2021
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	30/06/2026	31/08/2026	Dutch	PDF
Abridged model	31/12/2024	24/06/2025	31/07/2025	Dutch	PDF
Abridged model	31/12/2023	25/06/2024	02/10/2024	Dutch	PDF
Abridged model	31/12/2022	27/06/2023	12/10/2023	Dutch	PDF
Abridged model	31/12/2021	28/06/2022	27/09/2022	Dutch	PDF
Abridged model	31/12/2020	29/06/2021	26/11/2021	Dutch	PDF
Abridged model	31/12/2019	30/06/2020	23/11/2020	Dutch	PDF
Abridged model	31/12/2018	25/06/2019	30/09/2019	Dutch	PDF
Abridged model	31/12/2017	26/06/2018	12/10/2018	Dutch	PDF
Abridged model	31/12/2016	27/06/2017	26/09/2017	Dutch	PDF
Abridged model	31/12/2015	28/06/2016	06/10/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	30/09/2015	Dutch	PDF
Abridged model	31/12/2013	24/06/2014	21/11/2014	Dutch	PDF
Abridged model	31/12/2012	25/06/2013	11/10/2013	Dutch	PDF
Abridged model	31/12/2011	26/06/2012	21/09/2012	Dutch	PDF
Abridged model	31/12/2010	28/06/2011	30/08/2011	Dutch	PDF
Abridged model	31/12/2009	29/06/2010	19/10/2010	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	25/08/2009	Dutch	PDF
Abridged model	31/12/2007	24/06/2008	21/08/2008	Dutch	PDF
Abridged model	31/12/2006	26/06/2007	30/08/2007	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 31/12/2025 · 2 active · 4 ended

Active mandates

Geert Goemaere

Director

Active

Heidi DEPOORTER

Director

Active

Ended mandates

Heidi Depoorter

Director · since 08 août 2011

Ended

Heidi Depoorter

Manager · since 08 août 2011

Ended

Geert Goemaere

Director · since 01 janvier 1996

Ended

Geert Goemaere

Manager · since 01 janvier 1996

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates29/10/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Other30/08/2011
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office27/01/2005
MAATSCHAPPELIJKE ZETEL
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 202573,5 k €↓
2024
Annual accounts 2024110,6 k €↑
2023
Annual accounts 202365,1 k €↓
2022
Annual accounts 2022140,4 k €↑
2021
Annual accounts 202127,4 k €↓
2020
Annual accounts 2020189,6 k €↑
2019
Annual accounts 201948,8 k €↓
2018
Annual accounts 201896,4 k €↑
2017
Annual accounts 201717 k €↓
2016
Annual accounts 201623,3 k €↓
2015
Annual accounts 201535,6 k €↑
2014
Annual accounts 201430,6 k €↓
2013
Annual accounts 201335,4 k €↑
2012
Annual accounts 2012-65,6 k €↓
2011
Annual accounts 201125,2 k €↑
2010
Annual accounts 20109,2 k €↓
2009
Annual accounts 200910,5 k €↓
2008
Annual accounts 200825 k €↓
2007
Annual accounts 200769,5 k €↑
2006
Annual accounts 200661 k €
06/03/1995
IncorporationPrivate 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

POLIEN

Overview

What does POLIEN do?

Trend over 20 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