ACTIVE

POLAR

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Financial year 2025 · closed on 30/09/2025

Net result

-35,5 k €

-140.4% YoY

Gross margin

-1,6 k €

-101.0% YoY

Equity

498,1 k €

-22.5% YoY

What does POLAR do?

POLAR is a Private limited company incorporated in 2004. Its main activity is: Management consultancy activities. Its registered office is in Kortrijk.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0866.340.850

Incorporation

14/07/2004

Legal form

Private limited company

Registered office

Koning Leopold I-straat(Kor) 4
8500 Kortrijk · FlandreSee on map

Contributed capital

33 000,00 €

Latest accounts

30/09/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Signals

Solid equityLow riskGood liquidity

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2008		2007		2006
Income statement
Gross margin	-1,6 k €	-101%	159 k €	-12.0%	180,7 k €	-12.9%	207,6 k €	+14.4%	181,4 k €	+65.8%	109,4 k €	-54.4%	240 k €	-7.8%	260,2 k €	+143%	107 k €	+9.9%	97,4 k €	-65.4%	281,3 k €	+41.0%	199,4 k €	+63.4%	122 k €	+44.6%	84,4 k €	-37.9%	135,9 k €	-67.9%	423,6 k €	+195%	143,4 k €	+38.2%	103,8 k €	-22.2%	133,5 k €
EBITDA	-5,5 k €	-104%	150,1 k €	-14.2%	175 k €	-14.4%	204,5 k €	+14.7%	178,2 k €	+68.7%	105,7 k €	-53.8%	228,5 k €	-10.6%	255,5 k €	+147%	103,5 k €	+7.9%	96 k €	-65.2%	275,9 k €	+40.7%	196 k €	+67.1%	117,3 k €	+44.5%	81,1 k €	-38.2%	131,3 k €	-68.7%	420,1 k €	+199%	140,4 k €	+39.0%	101 k €	-22.4%	130,2 k €
Operating result	-32,8 k €	-126%	123,8 k €	-17.2%	149,5 k €	-19.0%	184,5 k €	+36.0%	135,6 k €	+184%	47,8 k €	-71.1%	165,1 k €	-9.3%	182,1 k €	+484%	31,2 k €	+34.0%	23,3 k €	-88.5%	202,1 k €	+61.3%	125,3 k €	+182%	44,5 k €	+1682%	2,5 k €	-96.8%	78,9 k €	-78.7%	370,5 k €	+187%	129,3 k €	+43.5%	90,1 k €	-24.2%	118,8 k €
Net result	-35,5 k €	-140%	87,7 k €	-17.4%	106,2 k €	-17.1%	128 k €	+35.3%	94,6 k €	+184%	33,3 k €	-69.5%	109,1 k €	-1.5%	110,8 k €	+785%	12,5 k €	+20.1%	10,4 k €	-91.7%	126,3 k €	+41.3%	89,4 k €	+202%	29,6 k €	+1234%	2,2 k €	-96.2%	57,9 k €	-76.3%	244,2 k €	+185%	85,7 k €	+47.5%	58,1 k €	-25.0%	77,4 k €
Balance sheet
Equity	498,1 k €	-22.5%	642,7 k €	-3.5%	665,7 k €	+0.6%	661,5 k €	+15.3%	573,5 k €	+3.4%	554,7 k €	+6.4%	521,4 k €	-43.2%	917,2 k €	+13.7%	806,5 k €	+1.6%	793,9 k €	+1.3%	783,5 k €	+19.2%	657,2 k €	+5.3%	623,9 k €	+5.0%	594,3 k €	+0.4%	592,1 k €	+10.8%	534,1 k €	+84.2%	289,9 k €	+41.9%	204,2 k €	+39.7%	146,2 k €
Total assets	586,8 k €	-24.0%	772,5 k €	+0.0%	772,3 k €	-0.3%	774,7 k €	+15.5%	670,7 k €	+8.8%	616,2 k €	-3.1%	636 k €	-36.7%	1 M €	+16.1%	865,4 k €	-0.6%	870,9 k €	-6.0%	926,6 k €	+23.0%	753,2 k €	+3.0%	731,4 k €	+0.7%	726,5 k €	-4.2%	758,2 k €	+16.1%	653,3 k €	+48.8%	439 k €	+21.5%	361,4 k €	+7.8%	335,3 k €
Cash	195,9 k €	-6.8%	210,1 k €	-42.9%	367,9 k €	+37.1%	268,3 k €	+38.4%	193,9 k €	+3.7%	187 k €	+857%	19,5 k €	-96.6%	578,3 k €	+37.9%	419,3 k €	+25.8%	333,2 k €	-5.4%	352,1 k €	+220%	110,1 k €	+15.2%	95,5 k €	+61.2%	59,3 k €	-81.2%	315,7 k €	+37.7%	229,2 k €	+37.8%	166,4 k €	+33.4%	124,7 k €	+52.1%	82 k €
Debts	88,7 k €	-31.7%	129,8 k €	+21.7%	106,6 k €	-5.9%	113,3 k €	+16.5%	97,2 k €	+58.2%	61,5 k €	-46.4%	114,6 k €	+30.4%	87,9 k €	+49.2%	58,9 k €	-23.4%	76,9 k €	-46.3%	143,1 k €	+49.1%	96 k €	-10.7%	107,5 k €	-18.7%	132,2 k €	-20.4%	166,2 k €	+40.3%	118,4 k €	-20.2%	148,4 k €	-5.6%	157,1 k €	-16.9%	189,1 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 6 ended

Active mandates

Stijn Stragier

Director

Active

Ended mandates

Evelien Cabie

Mandate

Ended

Evelien Cabie

Director

Ended

Evelien Cabie

Manager

Ended

Evelien Cabie

Associate

Ended

At this address

Other companies at this address

Company	CBE no.
ARCHITECTENVENNOOTSCHAP ARCHITECTUUR.BE● Active	0480.050.030
Notches● Active	0797.820.545

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	24/04/2026	09/04/2025	15/04/2024	07/04/2023	22/04/2022	15/04/2021
General meeting	27/03/2026	28/03/2025	29/03/2024	31/03/2023	25/03/2022	26/03/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/09/2025	27/03/2026	24/04/2026	Dutch	PDF
Micro model	30/09/2024	28/03/2025	09/04/2025	Dutch	PDF
Micro model	30/09/2023	29/03/2024	15/04/2024	Dutch	PDF
Micro model	30/09/2022	31/03/2023	07/04/2023	Dutch	PDF
Micro model	30/09/2021	25/03/2022	22/04/2022	Dutch	PDF
Micro model	30/09/2020	26/03/2021	15/04/2021	Dutch	PDF
Micro model	30/09/2019	27/03/2020	27/04/2020	Dutch	PDF
Micro model	30/09/2018	29/03/2019	10/05/2019	Dutch	PDF
Micro model	30/09/2017	30/03/2018	08/05/2018	Dutch	PDF
Abridged model	30/09/2016	31/03/2017	26/04/2017	Dutch	PDF
Abridged model	30/09/2015	25/03/2016	01/04/2016	Dutch	PDF
Abridged model	30/09/2014	27/03/2015	31/03/2015	Dutch	PDF
Abridged model	30/09/2013	28/03/2014	05/05/2014	Dutch	PDF
Abridged model	30/09/2012	29/03/2013	25/04/2013	Dutch	PDF
Abridged model	30/09/2011	20/04/2012	09/05/2012	Dutch	PDF
Abridged model	30/09/2010	22/04/2011	28/04/2011	Dutch	PDF
Abridged model	31/12/2008	31/07/2009	24/08/2009	Dutch	PDF
Abridged model	31/12/2007	27/06/2008	30/06/2008	Dutch	PDF
Abridged model	31/12/2006	29/06/2007	03/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 30/09/2025 · 1 active · 6 ended

Active mandates

Stijn Stragier

Director

Active

Ended mandates

Evelien Cabie

Mandate

Ended

Evelien Cabie

Director

Ended

Evelien Cabie

Manager

Ended

Evelien Cabie

Associate

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates12/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares21/12/2018
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Capital / shares11/12/2014
KAPITAAL - AANDELEN
PDF
Other28/12/2009
DOEL - BOEKJAAR
PDF
Mandates11/04/2006
ONTSLAGEN - BENOEMINGEN
PDF
Other23/07/2004
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 2025-35,5 k €↓
2024
Annual accounts 202487,7 k €↓
2023
Annual accounts 2023106,2 k €↓
2022
Annual accounts 2022128 k €↑
2021
Annual accounts 202194,6 k €↑
2020
Annual accounts 202033,3 k €↓
2019
Annual accounts 2019109,1 k €↓
2018
Annual accounts 2018110,8 k €↑
2017
Annual accounts 201712,5 k €↑
2016
Annual accounts 201610,4 k €↓
2015
Annual accounts 2015126,3 k €↑
2014
Annual accounts 201489,4 k €↑
2013
Annual accounts 201329,6 k €↑
2012
Annual accounts 20122,2 k €↓
2011
Annual accounts 201157,9 k €↓
2010
Annual accounts 2010244,2 k €↑
2008
Annual accounts 200885,7 k €↑
2007
Annual accounts 200758,1 k €↓
2006
Annual accounts 200677,4 k €
14/07/2004
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

POLAR

Overview

What does POLAR do?

Trend over 19 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