Best Polymers
ActiveThe computed 12-month bankruptcy probability of Best Polymers is 8.5% (elevated). The 2024 annual accounts show equity of €20k and a net result of €-4k. Equity is shrinking by ~5.8% per year across the filed fiscal years. Its solvency ranks better than 45% of 36373 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
Score 2024
28
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability8▲+4
Solvency68▼-14
Growth52=
Track record92
Bankruptcy probability, 12 months
8.5%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity ample (current ratio 1.7 against 2.2 in 2023; short-term debt: 57.4% and cash: 6.5% of total assets), but 57.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
42.6%
Return on assets
-8.6%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
21222324
2021 to 2024 · latest year €-4k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-09-2025, 55 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
55 d late
2023
420 d late
2022
on the day
2021
27 d early
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Financials · fiscal year 2024, micro schema
Equity
€20k▼ 16.8%
2023 · €24k
2021: €16k
2022: €29k
2023: €24k
2021 → 2024
Total assets
€47k▲ 11.2%
2023 · €43k
2021: €26k
2022: €47k
2023: €43k
2021 → 2024
Net result
€-4k▲ 19.4%
2023 · €-5k
2021: €13k
2022: €14k
2023: €-5k
2021 → 2024
Working capital
€19k▼ 13.0%
2023 · €22k
2021: €11k
2022: €26k
2023: €22k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€16k-€29k▲ 86.4%€24k▼ 17.2%€20k▼ 16.8%
Operating result€18k-€19k▲ 9.6%€-6k€-5k▲ 15.5%
Net result€13k-€14k▲ 6.8%€-5k€-4k▲ 19.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5k in 2024 against €6k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €47k
Fixed assets
€1k▼ 53.3%
Current assets
€46k▲ 14.9%
Equity and liabilities €47k
Equity
€20k▼ 16.8%
Debt
€27k▲ 48.2%
The debt ratio rises from 43.1% to 57.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-4k▲
2023 · €-5k
Cash flow
€-3k▲
2023 · €-4k
Solvency
42.6%▼
2023 · 56.9%
Current ratio
1.70▼
2023 · 2.20
Quick ratio
1.70▼
2023 · 2.20
Debt / equity
1.35▲
2023 · 0.76
ROE
-20.2%▲
2023 · -20.8%
ROA
-8.6%▲
2023 · -11.9%
Interest coverage
-7.81▲
2023 · -44.30
Debt
€27k▲
2023 · €18k
Debt ≤ 1 year
€27k▲
2023 · €18k
Income taxes
€142▼
2023 · €144
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€43k€47k▲
Fixed assets21/28€2k€1k▼
Tangible fixed assets22/27€2k€1k▼
Plant, machinery and equipment23€1k€504▼
Furniture and vehicles24€897€571▼
Current assets29/58€40k€46k▲
Amounts receivable within one year40/41€38k€43k▲
Trade receivables40€12k€14k▲
Other amounts receivable41€26k€29k▲
Cash at bank and in hand54/58€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€43k€47k▲
Equity10/15€24k€20k▼
Contributions10/11€3k€3k=
Reserves13€26k€26k=
Distributable reserves133€26k€26k=
Profit (loss) carried forward14€-5k€-9k▼
Amounts payable17/49€18k€27k▲
Amounts payable within one year42/48€18k€27k▲
Trade debts44€11k€23k▲
Suppliers440/4€11k€23k▲
Taxes, remuneration and social security45€8k€4k▼
Taxes450/3€8k€4k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k=
Other operating charges640/8€269€340▲
Gross operating margin9900€-5k€-4k▲
Operating profit (loss)9901€-6k€-5k▲
Financial income75/76B€1k€2k▲
Recurring financial income75€1k€2k▲
Financial charges65/66B€110€501▲
Recurring financial charges65€110€501▲
Profit (loss) for the period before taxes9903€-5k€-4k▲
Income taxes67/77€144€142▼
Profit (loss) for the period9904€-5k€-4k▲
Profit (loss) for the period to be appropriated9905€-5k€-4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-5k€-9k▼
Profit (loss) brought forward from the previous period14P-€-5k
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
26-03
State Gazette act
Registered officeBoard meeting · Registered-office move2 facts ▸
State Gazette act
Registered office
Board meeting · Registered-office move2 facts ▸
- Board meeting, 27/08/2025
- Registered-office move, Lozenberg 15, 1932 Zaventem
2025
24-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 55 days late
24-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 420 days late
24-01
KBO administration
Address struck
2023
31-12
Financial
Weakest financial yearnet €-5k ▼137%
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2021net €14k ▲6.8%
Operating result €19k, net result €14k, both a record.
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
SignalFinancial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Zaventem · 1 establishment unit since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Lozenberg 151932 ZaventemGround area
4,468 m²
Building footprint
1,368 m²
Volume, LiDAR
17,698 m³
Parcel 23078A0367/00E000, Flanders · tallest building 20.0 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Best Polymers
since 20202.300.176.836
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23078A0367/00E000 | Flanders | 4,468 m² | 1 · 1,368 m² | 20.0 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 4,270 companies in sector 43230 we hold annual accounts for 1,240. 874 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-02-2020
Fiscal year end31-12
Activities, NACEBEL
43230Insulation installation
43291Specialised construction activities
43410Roofing work
43421Specialised construction activities
47529Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.