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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 46 % of short-term debt in 2022; threshold 65 %.
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Annual account missing NBB
Fiscal year 2023 was expected before 31 July 2024 and has not been filed.
Financials
Financial year 2022
POLAR from Zuienkerke, company number BE0423307406, closed financial year 2022 with a result of € 10,856 after tax. For that financial year POLAR recorded a gross margin of € 36,994 and equity of € -30,343. Compared with financial year 2021, the result moved from € 9,382 to € 10,856. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2023.
€ -30,343
▲ € 10,856 vs 2021
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 10,856
▲ 16% vs 2021
Profit after tax over the fiscal year.
€ 32,432
▲ 155% vs 2021
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2022. Retained profit grew to € -50,343.
People and assets in 2022
€ 23,539
▲ 78% vs 2021
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2022
None
No bank loans on the last day of the fiscal year.
€ 16,050
▲ 96% vs 2021
Supplier invoices still open on the last day of the fiscal year.
€ 7,808
▲ 213% vs 2021
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2019 | 2020 | 2021 | 2022 | Change 2021 → 2022 | |
|---|---|---|---|---|---|
| Gross margin | € 22,195 | € 23,579 | € 41,398 | € 36,994 | ▼ 11% |
| Profit after taxes | € 126 | € 10,504 | € 9,382 | € 10,856 | ▲ 16% |
| Equity | € -61,085 | € -50,581 | € -41,199 | € -30,343 | ▲ € 10,856 |
| Total debts | € 77,786 | € 63,699 | € 63,896 | € 74,087 | ▲ 16% |
| Cash | € 3,694 | € 1,509 | € 12,739 | € 32,432 | ▲ 155% |
| Retained profit | € -81,085 | € -70,581 | € -61,199 | € -50,343 | ▲ € 10,856 |
| Balance sheet total | € 16,701 | € 13,119 | € 22,697 | € 43,743 | ▲ 93% |
Key figures of POLAR, fiscal years 2019 to 2022, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2023 has not been filed yet; it was expected before 31 July 2024.
What happened to POLAR?
What happened at POLAR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2022: profit of € 10,856 (▲ 16% vs 2021). filed late Source: NBB ↗
- New establishment in Zuienkerke. KBO
- Start of the company according to the CBE. KBO
In short
From € 126 profit in 2019 to € 10,856 profit in 2022.
Paid € 17,951 in corporate taxes since 2019.
Best year ever: 2022, with € 10,856 profit.
A new publication or filing at POLAR? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Establishments
Establishment units
Physical locations of this company
Oostendse Steenweg 49
8377 Zuienkerke
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0423.307.406
- VAT number
- BE 0423.307.406
- Registered office
- Oostendse Steenweg 49, 8377 Zuienkerke
- Names & denominations
- POLAR
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 26 November 1982
- Peppol
- Active · Active since 27 Nov 2025
- Activities · NACE
Discotheken, dancings en dergelijke
Activiteiten van eetgelegenheden met volledige bediening
Restaurants van het traditionele type
Eetgelegenheden met volledige bediening