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 40 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
31 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Polestar Automotive Belgium from Brussel, company number BE0737385783, closed financial year 2025 with a result of € 1.3 million after tax. For that financial year Polestar Automotive Belgium recorded revenue of € 135.4 million and equity of € 3.4 million. Compared with financial year 2024, the result moved from € 862,456 to € 1.3 million. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 14, 2026.
€ 3.4 million
▲ 61% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.3 million
▲ 49% vs 2024
Profit after tax over the fiscal year.
€ 5.6 million
▲ 38% 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 € 3.4 million.
People and assets in 2025
40.9
▲ 1.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 4.9 million
▲ 21% vs 2024
€ 119,100 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.
€ 177,023
▼ 16% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 19.5 million
▲ 16% vs 2024
Loans from banks and other lenders, long and short.
€ 22.7 million
▼ 9% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 65 days on average.
€ 3.7 million
▲ 19% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 84,463,084 | € 103,921,995 | € 113,159,442 | € 135,433,855 | ▲ 20% |
| Profit after taxes | € 398,976 | € 666,642 | € 862,456 | € 1,284,470 | ▲ 49% |
| Equity | € 590,715 | € 1,257,357 | € 2,119,813 | € 3,404,283 | ▲ 61% |
| Total debts | € 44,892,352 | € 44,022,290 | € 51,848,837 | € 54,310,545 | ▲ 5% |
| Cash | € 8,191,094 | € 8,375,123 | € 4,094,065 | € 5,647,247 | ▲ 38% |
| Retained profit | € 585,715 | € 1,252,357 | € 2,114,813 | € 3,399,283 | ▲ 61% |
| Bank debt | € 9,446,623 | € 23,805,520 | € 16,896,716 | € 19,547,387 | ▲ 16% |
| Balance sheet total | € 46,018,718 | € 45,743,685 | € 54,531,354 | € 59,163,187 | ▲ 8% |
| Employees (FTE) | 23.1 | 34 | 39 | 40.9 | ▲ 1.9 |
Key figures of Polestar Automotive Belgium, 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 Polestar Automotive Belgium?
What happened at Polestar Automotive Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1.3 million (▲ 49% vs 2024). filed late Source: NBB ↗
- Scott Dicken became a director. NBB
- Franck Malochet became a director. NBB
- Kaj Ola Sjölander stepped down as director. NBB
- Nils Kristian Elvefors stepped down as director. NBB
- Nils Kristian Elvefors became a director. NBB
- Kaj Ola Sjölander became a director. NBB
- Drive+ BV became a director. NBB
In short
From € 398,976 profit in 2022 to € 1.3 million profit in 2025.
Paid € 1.1 million in corporate taxes since 2022.
Best year ever: 2025, with € 1.3 million profit.
Pays suppliers within 65 days on average.
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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
Management
Behind Polestar Automotive Belgium are Scott Dicken, Drive+ BV and Franck Malochet. The shares are held by Polestar Performance AB (100%).
Directors
According to the 2025 annual accounts
Scott Dicken
Director
since 2026
Managing director · represented by Liesbeth Eeckman
since 2020
Franck Malochet
Director
since 2026
Kaj Ola Sjölander
Director
since 2023 · until 2026
Nils Kristian Elvefors
Director
since 2024 · until 2026
Shareholders
Polestar Performance AB
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Picardstraat 11 box 506
1000 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 31 companies are registered at this address.
All companies at this address →T&T DOUANEHOTEL
€ -321,233 gross margin · 2024
Unitas
STUDIECENTRUM VAN DE VLAAMSE CHRISTEN-DEMOCRATEN
EXTENSA GROUP
€ 42,500 revenue · 2024
VROUW EN MAATSCHAPPIJ
+26 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
CLOUDFLARENET - Cloudflare, Inc., US
DNS
Cloudflare DNS
Domain
Domain
polestar.com
Registered
1994-08-29
Registrar
EuroDNS S.A.
Expires
2026-08-28
Website info
Features
Security
Network
Details
- Company number
- 0737.385.783
- VAT number
- BE 0737.385.783
- Registered office
- Picardstraat 11 bus 506, 1000 Brussel
- Names & denominations
- Polestar Automotive Belgium
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 4 November 2019
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- polestar.com [email protected] 0499/599258
- Activities · NACE
Groothandel in auto's en lichte bestelwagens (<= 3,5 ton)
Groothandel in auto's en lichte bestelwagens (= 3,5 ton)