ACTIVE

POLGROS

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Financial year 2025 · closed on 31/12/2025

Net result

5,2 k €

-87.3% YoY

Gross margin

227,9 k €

-5.9% YoY

Equity

82,2 k €

-13.0% YoY

Workforce

5,0 ETP

What does POLGROS do?

POLGROS is a Private limited company incorporated in 2015. Its main activity is: Wholesale of beverages. Its registered office is in Ixelles. It employs on average 5,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0631.831.175

Incorporation

08/06/2015

Legal form

Private limited company

Registered office

Rue Maria Malibran 107
1050 Ixelles · BruxellesSee on map

Contributed capital

60 000,00 €

Latest accounts

31/12/2025

Average workforce

5,0 ETP

Activities (NACE)

46341Wholesale of beverages· main 46341Wholesale of beverages 47110Retail sale in non-specialised stores with food, beverages or tobacco predominating 47113Retail sale in non-specialised stores with food, beverages or tobacco predominating 46349Wholesale of beverages 46349Wholesale of beverages+5

Joint committees (1)

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 11 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015
Income statement
Gross margin	227,9 k €	-5.9%	242,2 k €	+26.7%	191,2 k €	+79.9%	106,3 k €	-48.7%	207,3 k €	-11.8%	235 k €	+6.9%	219,8 k €	-33.4%	330,1 k €	-17.1%	398 k €	+8.6%	366,5 k €	+1789%	19,4 k €
EBITDA	18,6 k €	-67.9%	58 k €	+67.2%	34,7 k €	+176%	-45,6 k €	-166%	69,4 k €	-9.6%	76,7 k €	+186%	-88,9 k €	-1964%	4,8 k €	-92.8%	66,2 k €	-42.0%	114 k €	+2177%	5 k €
Operating result	13 k €	-75.2%	52,2 k €	+84.9%	28,3 k €	+150%	-56,5 k €	-198%	57,6 k €	-6.0%	61,3 k €	+156%	-109,6 k €	-412%	-21,4 k €	-143%	49,2 k €	-52.7%	104 k €	+2661%	3,8 k €
Net result	5,2 k €	-87.3%	41 k €	+97.4%	20,8 k €	+134%	-61,3 k €	-224%	49,3 k €	-10.1%	54,8 k €	+147%	-116,1 k €	-302%	-28,9 k €	-191%	31,5 k €	-60.5%	79,8 k €	+1109%	-7,9 k €
Balance sheet
Equity	82,2 k €	-13.0%	94,4 k €	+76.7%	53,5 k €	-68.7%	170,7 k €	-26.4%	232 k €	+9.8%	211,3 k €	+35.0%	156,5 k €	-42.6%	272,6 k €	-9.6%	301,4 k €	+11.7%	269,9 k €	+42.0%	190,1 k €
Total assets	135,2 k €	-7.3%	145,8 k €	-4.8%	153,2 k €	-41.5%	261,8 k €	-29.0%	368,6 k €	+26.0%	292,6 k €	+13.7%	257,3 k €	-43.0%	451,5 k €	-6.7%	483,9 k €	+5.5%	458,8 k €	+30.9%	350,4 k €
Cash	34,7 k €	-42.1%	60 k €	+12.9%	53,1 k €	+507%	8,8 k €	-91.0%	96,8 k €	+50.3%	64,4 k €	+132%	27,8 k €	-54.0%	60,3 k €	-30.0%	86,2 k €	+14.3%	75,4 k €	+25.7%	60 k €
Debts	53 k €	+3.2%	51,4 k €	-48.5%	99,7 k €	+9.4%	91,1 k €	-33.3%	136,6 k €	+67.9%	81,3 k €	-19.3%	100,8 k €	-43.7%	179 k €	-1.9%	182,5 k €	-3.4%	188,9 k €	+17.9%	160,3 k €
Other
Workforce	5,0 ETP		–		–		6,0 ETP	-6.3%	6,4 ETP		–		–		–		10,5 ETP	+41.9%	7,4 ETP		–

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 5 ended

Active mandates

Marek Kutylowski

Mandate

Active

Ended mandates

Lukasz Niedbalo

Mandate

Ended

Marek Kutylowoski

Mandate

Ended

Marek Kutylowski

Director

Ended

RARYTAS

Mandate · 0480.191.273

Represented by Marek Kutylowski

Ended

At this address

Other companies at this address

Company	CBE no.
RARYTAS● Active	0480.191.273

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	31/08/2025	29/08/2024	31/08/2023	31/08/2022	30/09/2021
General meeting	29/05/2026	30/05/2025	31/05/2024	26/05/2023	27/05/2022	28/05/2021
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

11 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	29/05/2026	06/08/2026	French	PDF
Abridged model	31/12/2024	30/05/2025	31/08/2025	French	PDF
Abridged model	31/12/2023	31/05/2024	29/08/2024	French	PDF
Abridged model	31/12/2022	26/05/2023	31/08/2023	French	PDF
Abridged model	31/12/2021	27/05/2022	31/08/2022	French	PDF
Abridged model	31/12/2020	28/05/2021	30/09/2021	French	PDF
Abridged model	31/12/2019	30/10/2020	31/10/2020	French	PDF
Abridged model	31/12/2018	31/05/2019	22/09/2019	French	PDF
Abridged model	31/12/2017	25/05/2018	23/09/2018	French	PDF
Abridged model	31/12/2016	26/05/2017	30/09/2017	French	PDF
Abridged model	31/12/2015	27/05/2016	12/09/2016	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 · 1 active · 5 ended

Active mandates

Marek Kutylowski

Mandate

Active

Ended mandates

Lukasz Niedbalo

Mandate

Ended

Marek Kutylowoski

Mandate

Ended

Marek Kutylowski

Director

Ended

RARYTAS

Mandate · 0480.191.273

Represented by Marek Kutylowski

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates14/12/2023
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Mandates02/05/2018
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates04/08/2016
DEMISSIONS, NOMINATIONS
PDF
Other10/06/2015
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 20255,2 k €↓
2024
Annual accounts 202441 k €↑
2023
Annual accounts 202320,8 k €↑
2022
Annual accounts 2022-61,3 k €↓
2021
Annual accounts 202149,3 k €↓
2020
Annual accounts 202054,8 k €↑
2019
Annual accounts 2019-116,1 k €↓
2018
Annual accounts 2018-28,9 k €↓
2017
Annual accounts 201731,5 k €↓
2016
Annual accounts 201679,8 k €↑
2015
Annual accounts 2015-7,9 k €
08/06/2015
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

POLGROS

Overview

What does POLGROS do?

Trend over 11 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