Equity
€4.7m ▲ 0.8%
HEMMAR - PVC paid out €450,000 in dividends. That is 54% of the 2025 profit.
HEMMAR - PVC
Lifetime
19 annual accounts with figures on one time axis, 32 filings since 1992peak €21.3m (2022)
€17.6m▼ 11.0%
lowest -€3,532 (2018)
€836,618▼ 55.7%
peak €4.7m (2025)
€4.7m▲ 0.8%
€6.6m▲ 42.9%
peak 46.4 FTE (2022)
36.5 FTE▼ 8.1%
Board6 names since 2014
1 directorGENHEM
Owners
100%GENHEM
Documentsfilings and deeds
28-04-20262 days before the deadline
2025financial year
Result from €1.9m to €836,618Staff from 39.7 FTE to 36.5 FTEDividend €450,000Debts from €4.6m to €6.6mInvestments €2.8mCash from €2.4m to €1.6m
Key points
from the 2025 annual accountsResult
€836,618 ▼ 55.7%
The result fell in 2025 from €1.9m to €836,618.
Debts
€6.6m ▲ 42.9%
Debts rose by €2.0m in 2025.
Investments
€3.0m 5.3 × depreciation
Green is investment, beige is depreciation.
Staff
37 employees on 30-09-2025
In 2025, 6 people joined and 6 left. On top of that, 2.7 agency workers worked there on average.
Filings
32 annual accounts since 1992
The last five annual accounts were filed 1 to 19 days before the end of the period.
Checked score
94
Excellent
Financially stronger than 49% of small companies in rubber and plastics (NACE 22)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 163 companies (NACE 22, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.2%▲ +0.1 percentage points vs 04-2025highest value
06-2025: < 0.1%▼ -0.2 percentage points vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025lowest value
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: 0.1%▲ +0.1 percentage points vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: < 0.1%▼ -0.1 percentage points vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
lowers risk
Founded in 1991
Liquidity: current ratio 2.01, cash €1.6m
Size: turnover €17.6m, 36.5 FTE, total assets €11.3m
Profit of €836,618 (financial year 2025)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 22, small). It does better than 43% of them on solvency, 74% on liquidity, 53% on profitability and 26% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 20,137 companies had the same profile as HEMMAR - PVC has now. Each dot stands for 51 companies, two years later.
95.0%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
That fits the bankruptcy probability of HEMMAR - PVC itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 20,137 companies, not a prediction for HEMMAR - PVC. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €440,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.01 (2.15 in 2024), above the usual 1.5. Short-term debt is 29.5% and cash 14.5% of total assets. However, 58.1% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 28-04-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 days early
2024
1 day early
2023
8 days early
2022
19 days early
2021
1 day early
2020
7 days early
2019
7 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 6 days before the deadline. In the sector (NACE 22), the median for financial year 2024 was 14 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 28 April (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end11-11-2026 today30-04-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0445842979
Appointment: L&S Bedrijfsrevisoren BV (statutory auditor)
Permanent representative: Saskia Luteijn · General meeting of 30-03-2026 · Gazette deed
Reappointment: L&S Bedrijfsrevisoren BV (statutory auditor)
Permanent representative: Dimitri Hemelings · General meeting of 31-03-2023 · Gazette deed
3 directors resigning, 1 reappointment
Resignations: Berghmans Luc, GENHEM and NIEDIC · Permanent representative: HEMELINGS Dimitri Herman Christa · Reappointment: GENHEM (sole director) · General meeting of 13-12-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| HEMMAR - PVC Beersel | €17.6m | 5.5% | 41.9% | 36.5 |
| PANELTIM Lichtervelde | €20.3m | 11.8% | 66.7% | 47.2 |
| STARLINE C.L.O. Pelt | €13.6m | -2.8% | 55.5% | 35.4 |
| PLASTIC COLOR Aalst | €13.4m | 2.6% | 16.6% | 42.5 |
| SMART FLOW EUROPE Mouscron | €21.0m | 10.7% | 29.5% | 26.9 |
| BUZON PEDESTAL INTERNATIONAL Herstal | €11.9m | 6.4% | 40.1% | 20.8 |
| JACKON INSULATION Olen | €25.9m | 1.6% | 59.1% | 62.9 |
Grey: the largest companies of the sector (rubber and plastics (NACE 22)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as HEMMAR - PVC: manufacture of rubber and plastic products (NACE 22240). They are comparable in size and age: total assets between €9.9m and €19m, founded between 1977 and 2001.
Official details
Source: KBO- Status
- Active since 27-11-1991Normal situation
- Activity
- Manufacture of rubber and plastic productsNACE 22240and 1 other
- Joint committees
- 116Chemical industry
- 207White-collar workers in the chemical industry · annual accounts 30-09-2025
- Establishment unit
- 2.055.434.6511654 Beersel, since 20-12-1991
- Financial year end
- 30 September
- Peppol
- Reachable since 21-10-2026
Annual accounts to 30-09-2025
- €11.3m▲ 21.6%
- Employeeson 30-09-2025
- 37=
- Filing
- Filed on 28-04-2026, 2 days before the end of the filing period
Companies linked to HEMMAR - PVC
Parent and group
Insights on HEMMAR - PVC
HEMMAR - PVC has existed since 1991. Turnover grew from €12.8m in 2008 to €17.6m in 2025 and staff from 23.1 to 36.5 full-time equivalents.
Turnover has fallen every year since 2022. Solvency fell in 2025 from 50.5% to 41.9% because of the dividend and higher long-term debts.
GENHEM holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about HEMMAR - PVC
- What is the company number of HEMMAR - PVC?
- The company number of HEMMAR - PVC is 0445.842.979. The VAT number is the same number with BE in front: BE 0445.842.979.
- Where is HEMMAR - PVC based?
- The registered office is at Guido Gezellestraat 130, 1654 Beersel.Company details
- What does HEMMAR - PVC do?
- According to the KBO register, the main activity is manufacture of rubber and plastic products (NACE 22240).
- What is the legal form of HEMMAR - PVC?
- HEMMAR - PVC is a public limited company (NV).
- When was HEMMAR - PVC founded?
- HEMMAR - PVC was founded on 27-11-1991.
- Is HEMMAR - PVC still active?
- Yes, HEMMAR - PVC is an active enterprise in the KBO register.
- How many employees does HEMMAR - PVC have?
- HEMMAR - PVC had an average of 36.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does HEMMAR - PVC fall under?
- In its 30-09-2025 annual accounts, HEMMAR - PVC states joint committees 116 (Chemical industry) and 207 (White-collar workers in the chemical industry).
- What is the turnover of HEMMAR - PVC?
- The turnover of HEMMAR - PVC was €17.6m in financial year 2025, according to the filed annual accounts.
- Is HEMMAR - PVC profitable?
- In financial year 2025, HEMMAR - PVC made a profit of €836,618.
- Where can I find the annual accounts of HEMMAR - PVC?
- HEMMAR - PVC filed 32 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of HEMMAR - PVC due?
- HEMMAR - PVC must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence See whether the workforce is growing and whether people stay.Employer check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See which support similar companies received that this one did not.Subsidies
See how customers, suppliers and banks see your own company and what to improve first.