ACTIVE

POLICARPO

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Financial year 2025 · closed on 31/12/2025

Net result

108,5 k €

+48.2% YoY

Gross margin

289,8 k €

-10.2% YoY

Equity

622,9 k €

+21.1% YoY

Workforce

1,7 ETP

0.0% YoY

What does POLICARPO do?

POLICARPO is a Private limited company incorporated in 1995. Its registered office is in Hasselt. It employs on average 1,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0456.901.375

Incorporation

21/12/1995

Legal form

Private limited company

Registered office

Botermarkt 10
3500 Hasselt · FlandreSee on map

Contributed capital

18 750,00 €

Latest accounts

31/12/2025

Average workforce

1,7 ETP

Joint committees (1)

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 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	289,8 k €	-10.2%	322,8 k €	+0.0%	322,7 k €	-6.1%	343,5 k €	+17.3%	292,9 k €	+14.9%	254,9 k €	-14.0%	296,4 k €	+7.0%	277,1 k €	+2.0%	271,8 k €	+16.1%	234 k €	-18.4%	286,9 k €	+6.2%	270,1 k €	-4.3%	282,3 k €	+4.6%	269,9 k €	-9.2%	297,2 k €	-2.0%	303,3 k €	+40.8%	215,3 k €	+10.7%	194,5 k €	+44.9%	134,3 k €	+23.6%	108,6 k €
EBITDA	192 k €	+32.2%	145,3 k €	-30.1%	207,9 k €	-10.9%	233,4 k €	+34.9%	173 k €	+30.0%	133,1 k €	-16.1%	158,6 k €	+13.0%	140,3 k €	+14.8%	122,3 k €	+58.1%	77,3 k €	-58.8%	187,7 k €	+13.3%	165,8 k €	-13.6%	191,9 k €	+2.5%	187,3 k €	-13.3%	215,9 k €	-2.2%	220,9 k €	+61.8%	136,5 k €	+10.3%	123,7 k €	+48.0%	83,6 k €	+29.7%	64,5 k €
Operating result	147,5 k €	+60.8%	91,8 k €	-21.3%	116,6 k €	-35.9%	181,8 k €	+17.1%	155,3 k €	+53.0%	101,5 k €	-4.5%	106,3 k €	-18.2%	130 k €	-7.2%	140,1 k €	+113%	65,9 k €	-67.0%	199,6 k €	+106%	97 k €	-45.4%	177,7 k €	+7.1%	165,8 k €	-12.9%	190,3 k €	+20.6%	157,8 k €	+136%	66,9 k €	+68.8%	39,7 k €	-26.9%	54,2 k €	+14.9%	47,2 k €
Net result	108,5 k €	+48.2%	73,2 k €	-18.2%	89,4 k €	-33.6%	134,6 k €	+20.9%	111,3 k €	+57.3%	70,8 k €	-15.8%	84,1 k €	+6.9%	78,7 k €	-23.3%	102,5 k €	+126%	45,3 k €	-37.0%	71,9 k €	+68.4%	42,7 k €	-51.5%	88,1 k €	+15.8%	76,1 k €	+1.1%	75,3 k €	+35.4%	55,6 k €	+176%	20,1 k €	-44.6%	36,3 k €	+44.4%	25,2 k €	-44.3%	45,2 k €
Balance sheet
Equity	622,9 k €	+21.1%	514,4 k €	-2.1%	525,3 k €	+1.9%	515,4 k €	+6.6%	483,3 k €	+15.8%	417,3 k €	-0.0%	417,5 k €	+11.0%	376,1 k €	+26.4%	297,4 k €	+10.4%	269,5 k €	+20.2%	224,2 k €	+47.2%	152,3 k €	+2.5%	148,6 k €	-0.1%	148,8 k €	+32.0%	112,8 k €	-27.4%	155,2 k €	+34.6%	115,3 k €	+4.1%	110,8 k €	+100%	55,3 k €	+27.5%	43,4 k €
Total assets	988,4 k €	-1.5%	1 M €	-10.2%	1,1 M €	-9.9%	1,2 M €	+13.0%	1,1 M €	-0.6%	1,1 M €	+0.2%	1,1 M €	+131%	477 k €	+15.0%	414,8 k €	+13.0%	367,1 k €	+1.3%	362,5 k €	+12.9%	321 k €	-6.2%	342,1 k €	-1.4%	347,1 k €	+15.5%	300,4 k €	-12.4%	342,9 k €	-9.7%	379,6 k €	+4.6%	362,8 k €	+17.1%	309,9 k €	+45.6%	212,9 k €
Cash	254,1 k €	+5.8%	240,3 k €	+30.6%	184,1 k €	-28.9%	259 k €	-18.4%	317,2 k €	+12.6%	281,7 k €	+40.0%	201,2 k €	-32.2%	296,7 k €	+54.7%	191,8 k €	+11.3%	172,3 k €	+27.5%	135,1 k €	+120%	61,4 k €	-50.2%	123,3 k €	-13.5%	142,6 k €	+122%	64,2 k €	-38.8%	104,9 k €	+47.1%	71,3 k €	+479%	12,3 k €	-7.6%	13,3 k €	-71.7%	47,2 k €
Debts	365,5 k €	-25.2%	488,9 k €	-17.3%	591,4 k €	-18.3%	724 k €	+17.9%	613,9 k €	-10.6%	686,6 k €	+0.3%	684,5 k €	+578%	100,9 k €	-14.0%	117,4 k €	+20.3%	97,6 k €	-29.4%	138,3 k €	-18.0%	168,7 k €	-12.8%	193,4 k €	-2.4%	198,2 k €	+5.6%	187,7 k €	+0.0%	187,7 k €	-29.0%	264,3 k €	+4.9%	252 k €	-1.0%	254,6 k €	+50.2%	169,5 k €
Other
Workforce	1,7 ETP	0.0%	1,7 ETP	-15.0%	2,0 ETP	0.0%	2,0 ETP	-9.1%	2,2 ETP	-26.7%	3,0 ETP	+7.1%	2,8 ETP	+7.7%	2,6 ETP	-23.5%	3,4 ETP	+3.0%	3,3 ETP	-2.9%	3,4 ETP	+3.0%	3,3 ETP	+6.5%	3,1 ETP	+24.0%	2,5 ETP	-3.8%	2,6 ETP	0.0%	2,6 ETP	+4.0%	2,5 ETP	0.0%	2,5 ETP	+25.0%	2,0 ETP	+25.0%	1,6 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 31/12/2025 · 1 active · 2 ended

Active mandates

Felice Policarpo

Mandate

Active

Ended mandates

Felice Policarpo

Director

Ended

Felice Policarpo

Manager

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	06/08/2026	24/06/2025	20/06/2024	21/06/2023	22/06/2022	22/06/2021
General meeting	16/06/2026	17/06/2025	18/06/2024	20/06/2023	21/06/2022	15/06/2021
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	16/06/2026	06/08/2026	Dutch	PDF
Abridged model	31/12/2024	17/06/2025	24/06/2025	Dutch	PDF
Abridged model	31/12/2023	18/06/2024	20/06/2024	Dutch	PDF
Abridged model	31/12/2022	20/06/2023	21/06/2023	Dutch	PDF
Abridged model	31/12/2021	21/06/2022	22/06/2022	Dutch	PDF
Abridged model	31/12/2020	15/06/2021	22/06/2021	Dutch	PDF
Abridged model	31/12/2019	16/06/2020	22/06/2020	Dutch	PDF
Abridged model	31/12/2018	18/06/2019	27/06/2019	Dutch	PDF
Abridged model	31/12/2017	19/06/2018	25/06/2018	Dutch	PDF
Abridged model	31/12/2016	20/06/2017	22/06/2017	Dutch	PDF
Abridged model	31/12/2015	21/06/2016	28/06/2016	Dutch	PDF
Abridged model	31/12/2014	16/06/2015	15/07/2015	Dutch	PDF
Abridged model	31/12/2013	17/06/2014	30/06/2014	Dutch	PDF
Abridged model	31/12/2012	18/06/2013	01/07/2013	Dutch	PDF
Abridged model	31/12/2011	19/06/2012	27/06/2012	Dutch	PDF
Abridged model	31/12/2010	21/06/2011	29/06/2011	Dutch	PDF
Abridged model	31/12/2009	15/06/2010	24/06/2010	Dutch	PDF
Abridged model	31/12/2008	16/06/2009	29/06/2009	Dutch	PDF
Abridged model	31/12/2007	17/06/2008	30/06/2008	Dutch	PDF
Abridged model	31/12/2006	19/06/2007	11/07/2007	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 · 1 active · 2 ended

Active mandates

Felice Policarpo

Mandate

Active

Ended mandates

Felice Policarpo

Director

Ended

Felice Policarpo

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/04/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares10/01/2018
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares16/01/2014
KAPITAAL - AANDELEN
PDF
Registered office16/04/2007
MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN - DOEL - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates06/08/2004
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/10/2002
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 2025108,5 k €↑
2024
Annual accounts 202473,2 k €↓
2023
Annual accounts 202389,4 k €↓
2022
Annual accounts 2022134,6 k €↑
2021
Annual accounts 2021111,3 k €↑
2020
Annual accounts 202070,8 k €↓
2019
Annual accounts 201984,1 k €↑
2018
Annual accounts 201878,7 k €↓
2017
Annual accounts 2017102,5 k €↑
2016
Annual accounts 201645,3 k €↓
2015
Annual accounts 201571,9 k €↑
2014
Annual accounts 201442,7 k €↓
2013
Annual accounts 201388,1 k €↑
2012
Annual accounts 201276,1 k €↑
2011
Annual accounts 201175,3 k €↑
2010
Annual accounts 201055,6 k €↑
2009
Annual accounts 200920,1 k €↓
2008
Annual accounts 200836,3 k €↑
2007
Annual accounts 200725,2 k €↓
2006
Annual accounts 200645,2 k €
21/12/1995
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

POLICARPO

Overview

What does POLICARPO 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