Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 2.6 to 1.4.
-
Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
Financials
Financial year 2025
Polares Wealth from Aalst, company number BE0568952807, closed financial year 2025 with a result of € 80,372 after tax. For that financial year Polares Wealth recorded a gross margin of € 202,300 and equity of € 483,819. Compared with financial year 2024, the result moved from € 68,687 to € 80,372. 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 December 23, 2025.
€ 483,819
▲ 60% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 80,372
▲ 17% vs 2024
Profit after tax over the fiscal year.
€ 279,371
▲ 59% 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 € 417,519.
People and assets in 2025
1.4
▼ 0.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 61,250
▼ 51% vs 2024
€ 43,800 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.
€ 97,748
▲ 185% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 188,994
▲ 121% vs 2024
€ 19,054 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 76,316
▲ € 58,536 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 22,954
▲ 46% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 143,052 | € 197,411 | € 238,535 | € 202,300 | ▼ 15% |
| Profit after taxes | € 63,483 | € 31,664 | € 68,687 | € 80,372 | ▲ 17% |
| Equity | € 205,894 | € 237,257 | € 301,944 | € 483,819 | ▲ 60% |
| Total debts | € 89,700 | € 120,669 | € 123,149 | € 291,416 | ▲ 137% |
| Cash | € 166,687 | € 178,087 | € 176,049 | € 279,371 | ▲ 59% |
| Retained profit | € 145,894 | € 177,257 | € 241,944 | € 417,519 | ▲ 73% |
| Bank debt | € 47,789 | € 31,886 | € 85,365 | € 188,994 | ▲ 121% |
| Balance sheet total | € 295,593 | € 357,926 | € 425,093 | € 775,235 | ▲ 82% |
| Employees (FTE) | 1.1 | 2.6 | 1.7 | 1.4 | ▼ 0.3 |
Key figures of Polares Wealth, 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 January 2027.
What happened to Polares Wealth?
What happened at Polares Wealth in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 80,372 (▲ 17% vs 2024). Source: NBB ↗
- Olivier Kiekens stepped down as director. NBB
- Olivier Kiekens became a director. NBB
- New establishment in Aalst. KBO
- Start of the company according to the CBE. KBO
In short
From € 63,483 profit in 2022 to € 80,372 profit in 2025.
Paid € 96,610 in corporate taxes since 2022.
Best year ever: 2025, with € 80,372 profit.
On average € 144,500 of value added per employee in 2025.
Management
The stake of CERES, Hades Consulting comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Polares WealthBehind Polares Wealth are Ceres BV and Habis VOF. The shares are held by CERES (12%) and Hades Consulting (9.1%).
Directors
According to the 2025 annual accounts
Shareholders
12%
9.1%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Dirk Martensstraat 41
9300 Aalst
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0568.952.807
- VAT number
- BE 0568.952.807
- Registered office
- Dirk Martensstraat 41, 9300 Aalst
- Names & denominations
- Polares Wealth
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 8 January 2015
- Peppol
- Active · Active since 2 Jan 2025
- Activities · NACE
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