Active · per the CBE, 5 October 2026

POLAR MARINE SERVICE

BE0772394271

Rechtspersoon Private limited company 1 establishment

POLAR MARINE SERVICE is a repair and maintenance company in Antwerpen. Private Limited, started on 9 August 2021, 1 establishment.

Koolkaai 6, 2000 Antwerpen

Behind the company: Yigit Okudan, Recep Aksakal.

Active for

5 year, 1 month

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

  • Negative equity NBB

    More debt than assets in 2 of the last 3 fiscal years.

  • Two loss years in a row NBB

    Negative result in 2023 and 2024.

Financials

Financial year 2024

POLAR MARINE SERVICE from Antwerpen, company number BE0772394271, closed financial year 2024 with a result of € -111,454 after tax. For that financial year POLAR MARINE SERVICE recorded a gross margin of € -4,614 and equity of € -149,351. Compared with financial year 2023, the result moved from € -121,437 to € -111,454. The company made a loss. 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 October 18, 2025.

What it is worth Caution

€ -149,351

▼ € 111,454 vs 2023

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

Loss Caution

€ -111,454

▲ 8 % less loss than in 2023

Profit after tax over the fiscal year.

Cash in the bank

€ 130,262

▲ 2% vs 2023

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

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € -311,851.

People and assets in 2024

Wage cost

€ 85,557

▲ 5% vs 2023

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

€ 22,089

▲ € 18,900 vs 2023

Book value of vehicles, furniture and equipment.

Debts at end 2024

Bank debt

€ 306,611

▲ 64% vs 2023

Loans from banks and other lenders, long and short.

Owed to suppliers

€ 168,639

▲ € 162,085 vs 2023

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

Taxes and wages

€ 30,189

▲ 1% vs 2023

Taxes, VAT and social contributions still to pay.

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Key figures per fiscal year Download key figures (CSV)
202220232024Change 2023 → 2024
Gross margin € -27,033 € -24,461 € -4,614 ▲ € 19,848
Profit after taxes € -78,960 € -121,437 € -111,454 ▲ € 9,983
Equity € 83,540 € -37,897 € -149,351 ▼ € 111,454
Total debts € 100,573 € 228,326 € 510,604 ▲ 124%
Cash € 162,139 € 127,616 € 130,262 ▲ 2%
Retained profit € -78,960 € -200,397 € -311,851 ▼ € 111,454
Bank debt € 68,686 € 186,686 € 306,611 ▲ 64%
Balance sheet total € 184,114 € 190,429 € 361,253 ▲ 90%

Key figures of POLAR MARINE SERVICE, fiscal years 2022 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.

What happened to POLAR MARINE SERVICE?

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

  • New annual accounts for financial year 2024: loss of € 111,454. filed late Source: NBB ↗
  • New establishment in Antwerpen. KBO
  • Start of the company according to the CBE. KBO

In short

From € 78,960 loss in 2022 to € 111,454 loss in 2024.

Management

Yigit Okudan Recep Aksakal
POLAR MARINE SERVICE

Behind POLAR MARINE SERVICE are Yigit Okudan and Recep Aksakal.

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Directors

According to the 2024 annual accounts

Yigit Okudan

Director

Recep Aksakal

Director

Establishments

Establishment units

Physical locations of this company

Registered office

Koolkaai 6

2000 Antwerpen

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

Details

Company number
0772.394.271
VAT number
BE 0772.394.271
Registered office
Koolkaai 6, 2000 Antwerpen
Names & denominations
POLAR MARINE SERVICE
Enterprise type
Rechtspersoon
Legal form
Private limited company
Legal situation
Normale toestand
Start date
9 August 2021
Peppol
Active · Active since 13 Feb 2024
Activities · NACE

Reparatie en onderhoud van civiele schepen

Vervaardiging van meet-, controle- en navigatie-instrumenten en -apparatuur

Frequently asked questions

What does POLAR MARINE SERVICE do?
POLAR MARINE SERVICE is a repair and maintenance company in Antwerpen. Private Limited, started on 9 August 2021, 1 establishment.
What is the address of POLAR MARINE SERVICE?
The registered office of POLAR MARINE SERVICE is located at Koolkaai 6, 2000 Antwerpen.
Is POLAR MARINE SERVICE still active?
Yes. According to the CBE (5 October 2026) POLAR MARINE SERVICE is active, legal situation “Normale toestand”, started on 9 August 2021.
Is POLAR MARINE SERVICE registered on Peppol?
Yes, POLAR MARINE SERVICE is registered on the Peppol network with ID 0208:0772394271.
What is the enterprise number of POLAR MARINE SERVICE?
The enterprise number of POLAR MARINE SERVICE is BE0772394271.
When was POLAR MARINE SERVICE founded?
POLAR MARINE SERVICE was founded on 9 August 2021.