What does POLAR PAINTS do?

POLAR PAINTS is a wholesaler in Gent. Private Limited, started on 25 September 2002, 3 establishments.

What is the address of POLAR PAINTS?

The registered office of POLAR PAINTS is located at Kleimoer 1 box C, 9030 Gent.

Is POLAR PAINTS still active?

Yes. According to the CBE (29 October 2026) POLAR PAINTS is active, legal situation “Normale toestand”, started on 25 September 2002.

Is POLAR PAINTS registered on Peppol?

Yes, POLAR PAINTS is registered on the Peppol network with ID 0208:0478420925.

What is the enterprise number of POLAR PAINTS?

The enterprise number of POLAR PAINTS is BE0478420925.

When was POLAR PAINTS founded?

POLAR PAINTS was founded on 25 September 2002.

Who are the directors of POLAR PAINTS?

According to the 2025 annual accounts, the directors of POLAR PAINTS are: Philippe Nevejans, RM Consulting BV.

Is POLAR PAINTS a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 25 September 2002; 4 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account; 3 establishments in the CBE.

How much profit did POLAR PAINTS make in 2025?

POLAR PAINTS posted a profit after taxes of € 899,085 in financial year 2025.

What is the revenue of POLAR PAINTS?

As a small company, POLAR PAINTS is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 2,113,883.

How much does an employee at POLAR PAINTS earn?

The average wage cost per full-time employee at POLAR PAINTS was € 74,500 in 2025: staff costs of € 819,955 for 11 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does POLAR PAINTS have?

According to the 2025 annual accounts, POLAR PAINTS has 11 full-time equivalents (FTE).

Does POLAR PAINTS have a website?

Yes, POLAR PAINTS has a website at polarpaints.be.

POLAR PAINTS (Private Limited) - Gent - BE0478420925

Dossier POLAR PAINTS, printed on 29 October 2026 from databakkes.be/en/0478420925/polar-paints. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

POLAR PAINTS from Gent, company number BE0478420925, closed financial year 2025 with a result of € 899,085 after tax. For that financial year POLAR PAINTS recorded a gross margin of € 2.1 million and equity of € 1.4 million. Compared with financial year 2024, the result moved from € 658,164 to € 899,085. Profitable, and profit is growing. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on March 30, 2026.

What it is worth Healthy

€ 1.4 million

▼ 14% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 899,085

▲ 37% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 549,336

▼ 30% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Pays out

€ 1.1 million paid out

More than the year’s profit went to the shareholders; reserves fell.

People and assets in 2025

Full-time equivalents

▼ 0.4 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 819,955

€ 74,500 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.

Vehicles and equipment

€ 122,176

▲ 11% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt

€ 141,667

Loans from banks and other lenders, long and short.

Owed to suppliers

€ 2.3 million

▲ 37% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 342,522

▲ 192% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 2,301,596 Gross margin 2022: € 2,301,596 First fiscal year in the series	€ 2,097,436 Gross margin 2023: € 2,097,436 ▼ 9% vs 2022 (€ 2,301,596) Unfavourable step	€ 1,996,806 Gross margin 2024: € 1,996,806 ▼ 5% vs 2023 (€ 2,097,436) Unfavourable step	€ 2,113,883 Gross margin 2025: € 2,113,883 ▲ 6% vs 2024 (€ 1,996,806) Favourable step	▲ 6%
Profit after taxes	€ 791,051 Profit after taxes 2022: € 791,051 First fiscal year in the series	€ 1,129,086 Profit after taxes 2023: € 1,129,086 ▲ 43% vs 2022 (€ 791,051) Favourable step	€ 658,164 Profit after taxes 2024: € 658,164 ▼ 42% vs 2023 (€ 1,129,086) Unfavourable step	€ 899,085 Profit after taxes 2025: € 899,085 ▲ 37% vs 2024 (€ 658,164) Favourable step	▲ 37%
Equity	€ 1,166,185 Equity 2022: € 1,166,185 First fiscal year in the series	€ 1,448,728 Equity 2023: € 1,448,728 ▲ 24% vs 2022 (€ 1,166,185) Favourable step	€ 1,603,474 Equity 2024: € 1,603,474 ▲ 11% vs 2023 (€ 1,448,728) Favourable step	€ 1,381,306 Equity 2025: € 1,381,306 ▼ 14% vs 2024 (€ 1,603,474) Unfavourable step	▼ 14%
Total debts	€ 3,384,216 Total debts 2022: € 3,384,216 First fiscal year in the series	€ 2,202,443 Total debts 2023: € 2,202,443 ▼ 35% vs 2022 (€ 3,384,216) Favourable step	€ 2,395,731 Total debts 2024: € 2,395,731 ▲ 9% vs 2023 (€ 2,202,443) Unfavourable step	€ 3,408,549 Total debts 2025: € 3,408,549 ▲ 42% vs 2024 (€ 2,395,731) Unfavourable step	▲ 42%
Cash	€ 493,115 Cash 2022: € 493,115 First fiscal year in the series	€ 570,969 Cash 2023: € 570,969 ▲ 16% vs 2022 (€ 493,115) Favourable step	€ 783,711 Cash 2024: € 783,711 ▲ 37% vs 2023 (€ 570,969) Favourable step	€ 549,336 Cash 2025: € 549,336 ▼ 30% vs 2024 (€ 783,711) Unfavourable step	▼ 30%
Land & buildings	€ 236,515 Land & buildings 2022: € 236,515 First fiscal year in the series	€ 172,615 Land & buildings 2023: € 172,615 ▼ 27% vs 2022 (€ 236,515) Unchanged	€ 144,038 Land & buildings 2024: € 144,038 ▼ 17% vs 2023 (€ 172,615) Unchanged	€ 116,698 Land & buildings 2025: € 116,698 ▼ 19% vs 2024 (€ 144,038) Unchanged	▼ 19%
Retained profit	€ 1,145,725 Retained profit 2022: € 1,145,725 First fiscal year in the series	€ 1,428,268 Retained profit 2023: € 1,428,268 ▲ 25% vs 2022 (€ 1,145,725) Favourable step	€ 1,583,014 Retained profit 2024: € 1,583,014 ▲ 11% vs 2023 (€ 1,428,268) Favourable step	€ 1,360,846 Retained profit 2025: € 1,360,846 ▼ 14% vs 2024 (€ 1,583,014) Unfavourable step	▼ 14%
Dividend	€ 1,280,578 Dividend 2022: € 1,280,578 First fiscal year in the series	€ 846,543 Dividend 2023: € 846,543 ▼ 34% vs 2022 (€ 1,280,578) Unchanged	€ 503,418 Dividend 2024: € 503,418 ▼ 41% vs 2023 (€ 846,543) Unchanged	€ 1,121,252 Dividend 2025: € 1,121,252 ▲ 123% vs 2024 (€ 503,418) Unchanged	▲ 123%
Bank debt	€ 199,246 Bank debt 2022: € 199,246 First fiscal year in the series	€ 154,287 Bank debt 2023: € 154,287 ▼ 23% vs 2022 (€ 199,246) Favourable step	€ 141,667 Bank debt 2024: € 141,667 ▼ 8% vs 2023 (€ 154,287) Favourable step	€ 141,667 Bank debt 2025: € 141,667 Unchanged (€ 141,667) Unchanged
Balance sheet total	€ 4,550,400 Balance sheet total 2022: € 4,550,400 First fiscal year in the series	€ 3,651,171 Balance sheet total 2023: € 3,651,171 ▼ 20% vs 2022 (€ 4,550,400) Unchanged	€ 3,999,205 Balance sheet total 2024: € 3,999,205 ▲ 10% vs 2023 (€ 3,651,171) Unchanged	€ 4,789,855 Balance sheet total 2025: € 4,789,855 ▲ 20% vs 2024 (€ 3,999,205) Unchanged	▲ 20%
Employees (FTE)	11.8 Employees (FTE) 2022: 11.8 First fiscal year in the series	11.5 Employees (FTE) 2023: 11.5 ▼ 0.3 vs 2022 (11.8) Unchanged	11.4 Employees (FTE) 2024: 11.4 ▼ 0.1 vs 2023 (11.5) Unchanged	11 Employees (FTE) 2025: 11 ▼ 0.4 vs 2024 (11.4) Unchanged	▼ 0.4

Key figures of POLAR PAINTS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.

What happened to POLAR PAINTS?

What happened at POLAR PAINTS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Mar 30, 2026 New annual accounts for financial year 2025: profit of € 899,085 (▲ 37% vs 2024). Source: NBB ↗
Aug 1, 2014 New establishment in Maldegem. KBO
Jul 7, 2010 New establishment in Gent. KBO
Feb 5, 2003 New establishment in Gent. KBO
Sep 25, 2002 Start of the company according to the CBE. KBO
2002 Philippe Nevejans became a director. NBB

In short

From € 791,051 profit in 2022 to € 899,085 profit in 2025.

Paid € 1.3 million in corporate taxes since 2022.

Best year ever: 2023, with € 1.1 million profit.

On average € 192,200 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

RM Consulting 49%

The stake of RM Consulting comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

POLAR PAINTS

Behind POLAR PAINTS are Philippe Nevejans and RM Consulting BV. The shares are held by RM Consulting (49%).

Directors

According to the 2025 annual accounts

Philippe Nevejans

Director

since 2002

RM Consulting BV

Director · represented by Mathias Rouan

Shareholders

RM Consulting

49%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Kleimoer 1 box C

9030 Gent

2.114.828.147

Nieuwevaart 7

9000 Gent

Active since 5 February 2003

2.284.438.783

De Gevels 2

9991 Maldegem

Active since 1 August 2014

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.

All companies at this address →

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Caboor Construction

€ 34,641 gross margin · 2025

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Website

HTTPS polarpaints.be

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Details

Company number

0478.420.925

VAT number

BE 0478.420.925

Registered office

Kleimoer 1 bus C, 9030 Gent

Names & denominations

POLAR PAINTS

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

25 September 2002

Peppol

Active · Active since 30 Jan 2025

Contact

polarpaints.be

Activities · NACE

Groothandel in bouwmaterialen, algemeen assortiment

Groothandel in verf, vernis en bouwmaterialen, inclusief sanitair

Detailhandel in ijzerwaren, verf, bouwmaterialen (inclusief doe-het-zelfzaken) met een verkoopsoppervlakte van minder dan 400 m2

Detailhandel in ijzerwaren, bouwmaterialen, verf en glas (algemeen assortiment)

View on CBE Public ↗ Annual accounts (NBB) ↗

POLAR PAINTS

Financials

What happened to POLAR PAINTS?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Website

Technologies

Hosting & Email

Website info

Features

Security

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