ACTIVE

POLCAF

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Financial year 2025 · closed on 31/12/2025
Net result
30 M €
+13861.6% YoY
Revenue
9,5 M €
+14.3% YoY
Equity
182,2 M €
+110.0% YoY
Workforce
27,4 ETP
+1.9% YoY

What does POLCAF do?

POLCAF is a Public limited company incorporated in 1999. Its registered office is in Zonnebeke. It employs on average 27,4 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0466.459.142
Incorporation
08/07/1999
Legal form
Public limited company
Registered office
Kasteelstraat 31
8980 Zonnebeke · FlandreSee on map
Contributed capital
71 671 000,00 €
Latest accounts
31/12/2025
Average workforce
27,4 ETP
Joint committees (3)
  • 200
  • 20000
  • 218
Contacts
2 public details availableLog in to view
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 19 financial years

2025202420232022202120192018201720162015201420132012201120102009200820072006
Income statement
Revenue9,5 M €8,3 M €7,1 M €5,8 M €5,3 M €4,1 M €4,1 M €4,7 M €4,7 M €4,6 M €4,5 M €4,5 M €3,2 M €3,3 M €3,4 M €––––
EBITDA794,8 k €990,5 k €700 k €776,2 k €2 M €1,8 M €1,8 M €3 M €3,3 M €3,1 M €3 M €2 M €2,2 M €2,5 M €2,1 M €2,6 M €2,9 M €3,4 M €2,3 M €
Operating result-104 k €117,5 k €356,2 k €655,4 k €1,9 M €1,8 M €1,7 M €2,8 M €3,1 M €2,8 M €2,6 M €1,6 M €1,6 M €1,8 M €1,4 M €1,7 M €2 M €2,3 M €1,7 M €
Net result30 M €-217,6 k €1,4 M €18,8 M €6,6 M €4,2 M €3,3 M €1,4 M €1,6 M €7,4 M €4,7 M €3,8 M €3,3 M €4,5 M €530,9 k €3,9 M €933,4 k €1,7 M €2 M €
Balance sheet
Equity182,2 M €86,7 M €87 M €85,5 M €66,7 M €57,1 M €52,9 M €49,6 M €48,2 M €46,6 M €39,2 M €34,5 M €30,7 M €27,3 M €22,8 M €22,3 M €18,4 M €17,5 M €15,7 M €
Total assets210,6 M €110,3 M €109,9 M €106 M €97,6 M €81,3 M €79,2 M €63,2 M €63,5 M €62,4 M €59,3 M €57,3 M €57,5 M €58 M €58,1 M €58,7 M €52,4 M €50,3 M €45,9 M €
Cash57,5 k €27,2 k €374 €––––––772,8 k €1,1 M €660,9 k €802,3 k €767,8 k €323,5 k €887,6 k €177,7 k €354,6 k €209 k €
Debts27,7 M €22,6 M €22,3 M €20 M €30,8 M €24,2 M €26,3 M €13,6 M €15,3 M €15,8 M €19,3 M €21,8 M €26,7 M €30,6 M €35,2 M €35,5 M €33,1 M €31,9 M €30,2 M €
Other
Workforce27,4 ETP26,9 ETP20,3 ETP19,5 ETP15,5 ETP13,6 ETP16,2 ETP13,2 ETP12,2 ETP11,1 ETP11,2 ETP15,4 ETP7,6 ETP7,6 ETP9,9 ETP8,9 ETP7,3 ETP6,7 ETP6,9 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 15 ended

Active mandates

Antony Popelier

Managing director · since 24 novembre 2023 · until 27 juin 2029

Active
Frans Castelein

Director · since 24 novembre 2023 · until 27 juin 2029

Active
Marie-Rosa Vandepitte

Director · since 24 novembre 2023 · until 27 juin 2029

Active
Patrick Reekmans Consulting

Persoon belast met dagelijks bestuur · until 24 juin 2026 · 0688.934.481

Represented by Patrick Reekmans

Active

Ended mandates

WILFRIED BLONTROCK

Director · since 30 juin 2014 · until 20 mai 2015

Ended
Antony Popelier

Managing director · until 01 juin 2023

Ended
Antony Popelier

Managing director · until 30 juin 2023

Ended
ANTONY POPELIER

Managing director

Ended
At this address

Other companies at this address

CompanyCBE no.
FICAF● Active
0882.196.588
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date25/06/202601/07/202517/07/202405/07/202306/07/202206/07/2021
General meeting24/06/202625/06/202529/06/202430/06/202330/06/202228/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

35 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202524/06/202625/06/2026DutchPDF
Full model31/12/202425/06/202501/07/2025DutchPDF
Consolidated accounts31/12/202425/06/202518/07/2025DutchPDF
Full model31/12/202329/06/202417/07/2024DutchPDF
Consolidated accounts31/12/202329/06/202416/07/2024DutchPDF
Full model31/12/202230/06/202305/07/2023DutchPDF
Consolidated accounts31/12/202230/06/202305/07/2023DutchPDF
Full model31/12/202130/06/202206/07/2022DutchPDF
Consolidated accounts31/12/202130/06/202207/07/2022DutchPDF
Full model31/12/202028/06/202106/07/2021DutchPDF
Consolidated accounts31/12/202028/06/202106/07/2021DutchPDF
Full model31/12/201915/07/202016/07/2020DutchPDF
Consolidated accounts31/12/201915/07/202016/07/2020DutchPDF
Full model30/12/201828/06/201917/07/2019DutchPDF
Consolidated accounts30/12/201828/06/201917/07/2019DutchPDF
Full model30/12/201728/06/201811/07/2018DutchPDF
Consolidated accounts30/12/201728/06/201812/07/2018DutchPDF
Full model30/12/201629/06/201705/07/2017DutchPDF
Consolidated accounts30/12/201629/06/201707/07/2017DutchPDF
Full model30/12/201529/06/201630/06/2016DutchPDF
Consolidated accounts30/12/201529/06/201618/07/2016DutchPDF
Full model30/12/201430/06/201509/07/2015DutchPDF
Consolidated accounts30/12/201430/06/201516/07/2015DutchPDF
Full model30/12/201330/06/201403/07/2014DutchPDF

View all 35 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 31/12/2025 · 4 active · 15 ended

Active mandates

Antony Popelier

Managing director · since 24 novembre 2023 · until 27 juin 2029

Active
Frans Castelein

Director · since 24 novembre 2023 · until 27 juin 2029

Active
Marie-Rosa Vandepitte

Director · since 24 novembre 2023 · until 27 juin 2029

Active
Patrick Reekmans Consulting

Persoon belast met dagelijks bestuur · until 24 juin 2026 · 0688.934.481

Represented by Patrick Reekmans

Active

Ended mandates

WILFRIED BLONTROCK

Director · since 30 juin 2014 · until 20 mai 2015

Ended
Antony Popelier

Managing director · until 01 juin 2023

Ended
Antony Popelier

Managing director · until 30 juin 2023

Ended
ANTONY POPELIER

Managing director

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates15/07/2026
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares08/01/2026
    KAPITAAL - AANDELEN
    PDF
  • Mandates24/01/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates07/12/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates27/09/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates16/09/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other30/12/2019
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - BOEKJAAR
    PDF
  • Mandates12/09/2018
    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

Timeline

  1. 2025
    Annual accounts 202530 M €↑
  2. 22/12/2025
    split
  3. 22/12/2025
    augmentation_capital
  4. 22/12/2025
    augmentation_capital
  5. 24/11/2025
    nominationFrank Vandelanotte — commissaris
  6. 24/11/2025
    nominationFrancis Rysman — commissaris
  7. 2024
    Annual accounts 2024-217,6 k €↓
  8. 2023
    Annual accounts 20231,4 M €↓
  9. 30/06/2023
    reconductionCastelein Frans — bestuurder
  10. 30/06/2023
    reconductionPopelier Anthony — bestuurder
  11. 30/06/2023
    reconductionVandepifte Marie-Rosa — bestuurder
  12. 30/06/2023
    reconductionAntony Popelier — gedelegeerd bestuurder
  13. 2022
    Annual accounts 202218,8 M €↑
  14. 2021
    Annual accounts 20216,6 M €↑
  15. 2019
    Annual accounts 20194,2 M €↑
  16. 2018
    Annual accounts 20183,3 M €↑
  17. 2017
    Annual accounts 20171,4 M €↓
  18. 2016
    Annual accounts 20161,6 M €↓
  19. 2015
    Annual accounts 20157,4 M €↑
  20. 2014
    Annual accounts 20144,7 M €↑
  21. 2013
    Annual accounts 20133,8 M €↑
  22. 2012
    Annual accounts 20123,3 M €↓
  23. 2011
    Annual accounts 20114,5 M €↑
  24. 2010
    Annual accounts 2010530,9 k €↓
  25. 2009
    Annual accounts 20093,9 M €↑
  26. 2008
    Annual accounts 2008933,4 k €↓
  27. 2007
    Annual accounts 20071,7 M €↓
  28. 2006
    Annual accounts 20062 M €
  29. 08/07/1999
    IncorporationPublic limited company