ACTIVE

POLAT EXPRESS

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Financial year 2024 · closed on 31/12/2024

Net result

-557,7 €

-248.5% YoY

Gross margin

-420,5 €

Equity

170,9 k €

-0.3% YoY

What does POLAT EXPRESS do?

POLAT EXPRESS is a Private company with limited liability incorporated in 2011. Its main activity is: Construction of utility projects for fluids. Its registered office is in Evere.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0837.170.871

Incorporation

22/06/2011

Legal form

Private company with limited liability

Registered office

Rue du Bon Pasteur 54 box A001
1140 Evere · BruxellesSee on map

Contributed capital

2,00 €

Latest accounts

31/12/2024

Activities (NACE)

42212Construction of utility projects for fluids· main 42219Construction of utility projects for fluids 42220Construction of utility projects for electricity and telecommunications 43130Test drilling and boring 43211Electrical installation

Signals

Solid equityLow riskGood liquidity

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 12 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013
Income statement
Gross margin	-420,5 €		–		-255,9 €	+66.0%	-753 €	-24.9%	-603 €	-101%	111,1 k €	-4.7%	116,5 k €	+820%	12,7 k €	-54.3%	27,7 k €	+20479%	-136 €		–		–
EBITDA	-420,5 €	-321%	-100 €	+71.9%	-355,9 €	+62.7%	-953 €	+47.1%	-1,8 k €	-102%	111,1 k €	+2.8%	108,1 k €	+753%	12,7 k €	-54.3%	27,7 k €	+20479%	-136 €		–		–
Operating result	-420,5 €	-321%	-100 €	+71.9%	-355,9 €	+62.7%	-953 €	+47.1%	-1,8 k €	-102%	111,1 k €	+2.8%	108,1 k €	+753%	12,7 k €	-54.3%	27,7 k €	+20479%	-136 €		–		–
Net result	-557,7 €	-249%	-160 €	+96.0%	-4 k €	-284%	-1 k €	-174%	-378 €	-100%	77,1 k €	+4.6%	73,7 k €	+796%	8,2 k €	-54.8%	18,2 k €	+13377%	-137 €	-13800%	1 €		–
Balance sheet
Equity	170,9 k €	-0.3%	171,5 k €	-0.1%	171,7 k €	-2.3%	175,6 k €	-0.6%	176,7 k €	-0.2%	177 k €	+77.1%	100 k €	+280%	26,3 k €	+45.5%	18,1 k €	+13885%	-131 €	-2283%	6 €	+20.0%	5 €
Total assets	171,2 k €	-0.2%	171,6 k €	-50.1%	343,9 k €	-9.1%	378,2 k €	-3.8%	393,2 k €	-55.2%	876,8 k €	+82.2%	481,2 k €	+36.2%	353,4 k €	+96.5%	179,9 k €	+2998250%	6 €	0.0%	6 €	+20.0%	5 €
Cash	90,2 €	-85.3%	614 €	-71.8%	2,2 k €	-88.0%	18,2 k €	+14.9%	15,8 k €		–		–		36,9 k €		–		–		–		–
Debts	283,8 €	+184%	100 €	-99.9%	172,2 k €	-15.0%	202,6 k €	-6.4%	216,6 k €	-69.1%	699,8 k €	+83.6%	381,2 k €	+16.5%	327,1 k €	+102%	161,8 k €	+118034%	137 €		–		–

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 31/12/2024 · 1 active · 2 ended

Active mandates

MUSA ERKURU

Mandate

Active

Ended mandates

ALI POLAT

Mandate

Ended

MUSSA ERKURU

Mandate

Ended

At this address

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Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Micro model	Micro model	Micro model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/08/2025	25/09/2024	03/10/2023	23/10/2022	24/12/2021	24/11/2020
General meeting	30/08/2025	30/08/2024	31/07/2023	30/07/2022	30/07/2021	30/07/2020
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

12 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2024	30/08/2025	30/08/2025	French	PDF
Micro model	31/12/2023	30/08/2024	25/09/2024	French	PDF
Micro model	31/12/2022	31/07/2023	03/10/2023	French	PDF
Abridged model	31/12/2021	30/07/2022	23/10/2022	French	PDF
Abridged model	31/12/2020	30/07/2021	24/12/2021	French	PDF
Abridged model	31/12/2019	30/07/2020	24/11/2020	French	PDF
Abridged model	31/12/2018	30/07/2019	09/10/2019	French	PDF
Abridged model	31/12/2017	30/07/2018	28/09/2018	French	PDF
Abridged model	31/12/2016	30/07/2017	26/09/2017	French	PDF
Abridged model	31/12/2015	02/07/2016	09/08/2016	French	PDF
Abridged model	31/12/2014	30/07/2015	11/10/2016	French	PDF
Abridged model	31/12/2013	30/07/2014	11/10/2016	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 31/12/2024 · 1 active · 2 ended

Active mandates

MUSA ERKURU

Mandate

Active

Ended mandates

ALI POLAT

Mandate

Ended

MUSSA ERKURU

Mandate

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates25/07/2025
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Registered office18/04/2025
SIEGE SOCIAL
PDF
Mandates05/12/2018
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates06/02/2017
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates19/01/2016
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Registered office12/05/2015
SIEGE SOCIAL
PDF
Registered office09/11/2011
SIEGE SOCIAL
PDF
Other04/07/2011
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

2024
Annual accounts 2024-557,7 €↓
2023
Annual accounts 2023-160 €↑
2022
Annual accounts 2022-4 k €↓
2021
Annual accounts 2021-1 k €↓
2020
Annual accounts 2020-378 €↓
2019
Annual accounts 201977,1 k €↑
2018
Annual accounts 201873,7 k €↑
2017
Annual accounts 20178,2 k €↓
2016
Annual accounts 201618,2 k €↑
2015
Annual accounts 2015-137 €↓
2014
Annual accounts 20141 €
2013
Annual accounts 2013
22/06/2011
IncorporationPrivate company with limited liability

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

POLAT EXPRESS

Overview

What does POLAT EXPRESS do?

Trend over 12 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