Financials
Financial year 2025
POLCAF from Zonnebeke, company number BE0466459142, closed financial year 2025 with a result of € 30 million after tax. For that financial year POLCAF recorded revenue of € 9.5 million and equity of € 182.2 million. Compared with financial year 2024, the result moved from € -217,645 to € 30 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 June 25, 2026.
€ 182.2 million
▲ 110% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 30 million
▲ still € 217,645 loss in 2024
Profit after tax over the fiscal year.
€ 57,512
▲ 112% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 110.5 million.
People and assets in 2025
27.4
▲ 0.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.8 million
▲ 4% vs 2024
€ 101,900 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 355,902
▲ 130% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 26 million
▲ 120% vs 2024
€ 2.4 million is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 1.2 million
▼ 19% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 73 days on average.
€ 436,588
▲ 4% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 5,755,465 | € 7,127,168 | € 8,280,247 | € 9,463,599 | ▲ 14% |
| Profit after taxes | € 18,785,820 | € 1,425,018 | € -217,645 | € 29,951,291 | ▲ € 30.2 million |
| Equity | € 85,526,027 | € 86,951,045 | € 86,733,400 | € 182,155,691 | ▲ 110% |
| Total debts | € 20,510,227 | € 22,955,514 | € 23,589,172 | € 28,464,669 | ▲ 21% |
| Cash | - | € 374 | € 27,182 | € 57,512 | ▲ 112% |
| Land & buildings | € 110,853 | € 56,663 | € 52,452 | € 48,242 | ▼ 8% |
| Retained profit | € 79,326,027 | € 80,751,045 | € 80,533,400 | € 110,484,691 | ▲ 37% |
| Bank debt | € 15,485,714 | € 14,142,857 | € 11,840,000 | € 26,013,334 | ▲ 120% |
| Balance sheet total | € 106,036,254 | € 109,906,559 | € 110,322,572 | € 210,620,360 | ▲ 91% |
| Employees (FTE) | 19.5 | 20.3 | 26.9 | 27.4 | ▲ 0.5 |
Key figures of POLCAF, 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 POLCAF?
What happened at POLCAF in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Frans Castelein stepped down as director. NBB
- Antony Popelier stepped down as director. NBB
- Marie-Rosa Vandepitte stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 30 million. Source: NBB ↗
- Patrick Reekmans Consulting BV stepped down as director. NBB
- Frans Castelein became a director. NBB
- Antony Popelier became a director. NBB
- Marie-Rosa Vandepitte became a director. NBB
In short
From € 18.8 million profit in 2022 to € 30 million profit in 2025.
Paid € 108,793 in corporate taxes since 2022.
Best year ever: 2025, with € 30 million profit.
Pays suppliers within 73 days on average.
Management
It owns 100% of Poppies Bakeries Wervik, 100% of Poppies Bakeries Zonnebeke, 100% of Ficaf, 100% of Poppies Bakeries Iberia SL, 100% of Poppies Bakeries Bunsschoten BV and 100% of Poppies Bakeries Comines itself.
Directors
According to the 2025 annual accounts
Frans Castelein
Director
Also active at: DE REZE BISCUIT-CHOCOLATE, POPPIES BAKERIES ZONNEBEKE, POPPIES BAKERIES, ECO BISCUITS, POPPIES BAKERIES COMINES, National International Trading Company, POPPIES BAKERIES ERTVELDE, PLANCKAERT - COPPENS +11 more
since 2023 · until 2029
Antony Popelier
Managing director
Also active at: Westlandia VZW, MILCAMPS, DE REZE BISCUIT-CHOCOLATE, POPPIES BAKERIES ZONNEBEKE, POPPIES BAKERIES, POPPIES BAKERIES COMINES, National International Trading Company, POPPIES BAKERIES ERTVELDE +11 more
since 2023 · until 2029
Patrick Reekmans Consulting BV
Persoon belast met dagelijks bestuur · represented by Patrick Reekmans
Also active at: POPPIES BAKERIES ZONNEBEKE, POPPIES BAKERIES, DEPRO PROFILES, POPPIES BAKERIES COMINES, POPPIES BAKERIES ERTVELDE, HUGO WAFELS-GAUFRES HUGO, POPPIES BAKERIES D'HAUBRY, POPPIES BAKERIES SUPPLY +2 more
· until 2026
since 2023 · until 2029
Establishments
Establishment units
Physical locations of this company
Kasteelstraat 31
8980 Zonnebeke
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0466.459.142
- VAT number
- BE 0466.459.142
- Registered office
- Kasteelstraat 31, 8980 Zonnebeke
- Names & denominations
- POLCAF
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 8 July 1999
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- [email protected] +32 57460200
- Activities · NACE
Managementactiviteiten van holdings
Activiteiten van holdings
Verhuur en lease van andere machines en werktuigen en andere materiële goederen
Verhuur van overige machines en werktuigen, n.e.g.
Holdings
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Overige adviesbureaus op het gebied van bedrijfsvoering en beheer
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering