Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 56 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
13 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
POLAK from Kortemark, company number BE0416405558, closed financial year 2025 with a result of € 3.6 million after tax. For that financial year POLAK recorded a gross margin of € 4.9 million and equity of € 8.3 million. Compared with financial year 2024, the result moved from € 235,628 to € 3.6 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 9, 2026.
€ 8.3 million
▲ 25% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3.6 million
▲ € 3.4 million vs 2024
Profit after tax over the fiscal year.
€ 143,772
▼ 75% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 2 million paid out
55 % of the profit went to the shareholders, mostly to Lionix LT (100 % of the shares). That is where the money ends up.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
€ 610
▼ 67% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 650,000
▼ 24% vs 2024
€ 200,000 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 300,182
▲ € 286,952 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 723,412
▲ € 682,080 vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 603,832 | € 701,922 | € 759,673 | € 4,930,529 | ▲ € 4.2 million |
| Profit after taxes | € 162,138 | € 267,022 | € 235,628 | € 3,632,715 | ▲ € 3.4 million |
| Equity | € 6,122,826 | € 6,389,848 | € 6,625,476 | € 8,258,191 | ▲ 25% |
| Total debts | € 1,502,962 | € 1,122,796 | € 958,374 | € 1,691,646 | ▲ 77% |
| Cash | € 167,519 | € 433,093 | € 577,362 | € 143,772 | ▼ 75% |
| Land & buildings | € 7,155,535 | € 6,908,463 | € 6,712,299 | € 5,682,343 | ▼ 15% |
| Retained profit | € 5,948,037 | € 6,215,059 | € 6,450,687 | € 8,083,402 | ▲ 25% |
| Dividend | € 100,000 | € 0 | € 0 | € 2,000,000 | |
| Bank debt | € 1,250,000 | € 1,050,000 | € 850,000 | € 650,000 | ▼ 24% |
| Balance sheet total | € 7,625,788 | € 7,512,644 | € 7,583,851 | € 9,949,837 | ▲ 31% |
Key figures of POLAK, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to POLAK?
What happened at POLAK in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 3.6 million (▲ € 3.4 million vs 2024). Source: NBB ↗
- New establishment in Kortemark. KBO
- Start of the company according to the CBE. KBO
In short
From € 162,138 profit in 2022 to € 3.6 million profit in 2025.
Paid € 891,219 in corporate taxes since 2022.
Best year ever: 2025, with € 3.6 million profit.
Paid out € 2.1 million in dividends to the owners in total.
Management
The stake of Lionix LT comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
POLAKBehind POLAK are Lionix Lt, Wings To Fly and Telesco BV. The shares are held by Lionix LT (100%).
Directors
According to the 2025 annual accounts
Director · represented by Talpe Stefaan
Also active at: NOUVEAUX ETABLISSEMENTS BOLOGNE, KOPAL, B.R.T., TUBEL
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Hoogledestraat 122 box C
8610 Kortemark
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 13 companies are registered at this address.
All companies at this address →Constructie Lambrecht
€ 2.6 million gross margin · 2025
LAMKOR
€ 346,156 gross margin · 2025
TUBIZE PLASTIQUES
€ 574,472 gross margin · 2025
IMMORIEL
€ 475,549 gross margin · 2025
HOUTLAND BETON
€ 4.6 million revenue · 2025
+8 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0416.405.558
- VAT number
- BE 0416.405.558
- Registered office
- Hoogledestraat 122 bus C, 8610 Kortemark
- Names & denominations
- POLAK
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 2 August 1976
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Groothandel in bouwmaterialen, algemeen assortiment
Groothandel in verf, vernis en bouwmaterialen, inclusief sanitair
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Vervaardiging van buizen, pijpen, holle profielen en fittings daarvoor, van staal
Vervaardiging van artikelen van draad en van kettingen en veren
Gemengd landbouwbedrijf
Gemengd bedrijf
Vervaardiging van artikelen van draad
+1