Interpolimeri BV
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 15-06-2026 at the NBB all 21 filings
Turnover
€36.0m▼ 18.6%
2024 · €44.2m
EBIT margin
-0.8%▼ 1.6pp
2024 · 0.8%
Net result
-€512,938
2024 · €130,887
Working capital
€5.0m▼ 8.0%
2024 · €5.4m
In the rankings
#4 company by total assets in Wemmel, Wholesale and retail trade sector#6 employer in Wemmel, Wholesale and retail trade sector#6 company by equity in Wemmel, Wholesale and retail trade sector
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
€36.0m
▼ 18.6%
2025
20182025
Operating result
-€286,210
2025
20182025
Net result
-€512,938
2025
lowest quarter of the sector
20182025
EBIT margin
-0.8%
▼ 1.6pp
2025
20182025
Equity
€5.0m
▼ 9.2%
2025
middle half of the sector
20182025
Total assets
€14.6m
▼ 9.2%
2025
highest quarter of the sector
20182025
Debt
€9.5m
▼ 9.2%
2025
20182025
Working capital
€5.0m
▼ 8.0%
2025
highest quarter of the sector
20182025
Solvency
34.6%
=
2025
middle half of the sector
20182025
Current ratio
1.52
▲ 0.01
2025
middle half of the sector
20182025
Return on assets (ROA)
-3.5%
▼ 4.3pp
2025
lowest quarter of the sector
20182025
Staff (FTE)
9.8
▲ 5.4%
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€65.8m-€58.1m▼ 11.7%€39.6m▼ 31.8%€39.9m▲ 0.9%€45.1m▲ 12.9%€39.1m▼ 13.2%€44.2m▲ 12.9%€36.0m▼ 18.6%
Operating result€2.2m-€1.0m▼ 54.3%€1.2m▲ 15.5%€1.4m▲ 22.5%€0.2m▼ 85.1%-€0.1m€0.4m-€0.3m
Net result€1.2m-€0.3m▼ 72.8%€0.6mabove the sector's middle half▲ 87.6%€0.9mabove the sector's middle half▲ 52.7%€0.03mwithin the sector's middle half▼ 97.1%-€0.3mbelow the sector's middle half€0.1mwithin the sector's middle half-€0.5mbelow the sector's middle half
EBIT margin3.3%-1.7%▼ 1.6pp2.9%▲ 1.2pp3.5%▲ 0.6pp0.5%▼ 3.1pp-0.2%▼ 0.7pp0.8%▲ 1.1pp-0.8%▼ 1.6pp
Equity€3.8m-€4.1m▲ 8.3%€4.7mabove the sector's middle half▲ 14.4%€5.6mabove the sector's middle half▲ 19.3%€5.6mabove the sector's middle half▲ 0.5%€5.3mabove the sector's middle half▼ 5.6%€5.5mabove the sector's middle half▲ 4.5%€5.0mwithin the sector's middle half▼ 9.2%
Total assets€18.5m-€11.1m▼ 40.2%€9.5mwithin the sector's middle half▼ 13.7%€15.0mabove the sector's middle half▲ 57.1%€14.0mabove the sector's middle half▼ 6.8%€9.4mwithin the sector's middle half▼ 32.6%€16.0mabove the sector's middle half▲ 70.3%€14.6mabove the sector's middle half▼ 9.2%
Debt€14.7m-€6.9m▼ 52.9%€4.8m▼ 30.5%€9.3m▲ 94.1%€8.4m▼ 10.4%€4.1m▼ 50.8%€10.5m▲ 155%€9.5m▼ 9.2%
Working capital€7.2m-€5.9m▼ 17.4%€6.1mabove the sector's middle half▲ 2.6%€5.6mabove the sector's middle half▼ 7.2%€5.5mabove the sector's middle half▼ 2.2%€5.2mabove the sector's middle half▼ 6.7%€5.4mabove the sector's middle half▲ 5.0%€5.0mabove the sector's middle half▼ 8.0%
Solvency20.5%-37.1%▲ 16.6pp49.2%within the sector's middle half▲ 12.1pp37.3%within the sector's middle half▼ 11.8pp40.2%within the sector's middle half▲ 2.9pp56.4%within the sector's middle half▲ 16.1pp34.6%within the sector's middle half▼ 21.8pp34.6%within the sector's middle half=
Current ratio1.65-2.24▲ 0.592.81within the sector's middle half▲ 0.561.61within the sector's middle half▼ 1.201.66within the sector's middle half▲ 0.062.26within the sector's middle half▲ 0.601.52within the sector's middle half▼ 0.751.52within the sector's middle half▲ 0.01
Return on assets (ROA)6.3%-2.9%▼ 3.4pp6.2%within the sector's middle half▲ 3.4pp6.0%within the sector's middle half▼ 0.2pp0.2%below the sector's middle half▼ 5.8pp-3.3%below the sector's middle half▼ 3.5pp0.8%within the sector's middle half▲ 4.1pp-3.5%below the sector's middle half▼ 4.3pp
Staff (FTE)3-4.7▲ 56.7%5.4within the sector's middle half▲ 14.9%5.7within the sector's middle half▲ 5.6%8.8within the sector's middle half▲ 54.4%10.7within the sector's middle half▲ 21.6%9.3within the sector's middle half▼ 13.1%9.8within the sector's middle half▲ 5.4%
above
within
below
The sector band is the middle half of the companies in Wholesale trade (NACE 46). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €286,210, after a profit of €362,907 in 2024. It is the lowest result since 2021.
Large changes and their cause
- 2024 Total assets +70% on 2023. Merger absorbing Finestra Holdings, effective 05-04-2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €14.6m
Fixed assets
€69,437 ▼ 52.5%
Current assets
€14.5m ▼ 8.8%
Equity and liabilities €14.6m
Equity
€5.0m ▼ 9.2%
Debt
€9.5m ▼ 9.2%
Debt's share of the balance-sheet total stays at 65.4%.
Key figures and ratios
EBITDA
-€249,393▼
2024 · €414,503
Cash flow
-€476,121▼
2024 · €182,483
Quick ratio
0.56▼
2024 · 0.66
Debt to equity
1.89▲
2024 · 1.89
ROE
-10.2%▼
2024 · 2.4%
Interest coverage
-1.17▼
2024 · 1.99
Debt ≤ 1 year
€9.5m▼
2024 · €10.5m
Income taxes
€1,558▼
2024 · €2,289
Customer credit
44 days▼
2024 · 47 days
Supplier credit
78 days▲
2024 · 56 days
Staff costs
€853,537▼
2024 · €876,519
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 6 | 10 | 11 | 8 | 9 |
| full-time | 5 | 8 | 10 | 7 | 8 |
| part-time | 1 | 2 | 1 | 1 | 1 |
| in full-time equivalents | 5.5 | 8.8 | 10.7 | 7.7 | 8.7 |
| Average over the year, in full-time equivalents | 5.7 | 8.8 | 10.2 | 9.3 | 9.8 |
| On a permanent contract | 5 | 9 | 11 | 8 | 9 |
| Joined | 3 | 4 | 3 | 1 | 2 |
| Left | 2 | 0 | 2 | 4 | 1 |
| Agency workers, average number | - | 0.5 | 0.3 | - | 0.4 |
| Training hours | 12 | 52 | 24 | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €3.2m | €1.8m | €109,498 | €4.4m | €2.6m |
| Pledge on the business | €4.4m | €4.4m | €4.4m | €4.4m | €4.4m |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €150,056 | €92,145 | €7,814 | €564 |
| Intangible fixed assets | - | €588 | - | - | - |
| Depreciation and write-downs of the year | €20,998 | €32,265 | €51,952 | €51,596 | €36,817 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Auditor
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Fee for the audit | €9,738 | €10,788 | €11,324 | €13,500 | €13,784 |
| Other work by the auditor | €2,800 | €2,950 | €3,250 | €7,000 | €5,000 |
| Work by persons linked to the auditor | €10,160 | €7,800 | €25,950 | €7,690 | €2,304 |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
Subsidies and aid
Flemish government
2024 · 1 entry · €2,130 awarded · €2,130 paidSchemes
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €40.0m | €45.1m | €39.2m | €44.3m | €36.4m | ▼ 17.8% |
| Turnover70 | €65.8m | €58.1m | €39.6m | €39.9m | €45.1m | €39.1m | €44.2m | €36.0m | ▼ 18.6% |
| Other operating income74 | - | - | - | €0.02m | €0.04m | €0.05m | €0.09m | €0.4m | ▲ 321% |
| Non-recurring operating income76A | - | - | - | €0.002m | - | €0.01m | - | €0.001m | - |
| Operating charges60/66A | - | - | - | €38.6m | €44.9m | €39.3m | €43.9m | €36.7m | ▼ 16.5% |
| Goods for resale, raw materials and consumables60 | - | - | - | €35.6m | €41.5m | €35.8m | €39.4m | €31.7m | ▼ 19.6% |
| Purchases600/8 | - | - | - | €37.3m | €43.4m | €33.8m | €44.6m | €31.9m | ▼ 28.5% |
| Change in stocks: decrease (increase)609 | - | - | - | -€1.7m | -€1.9m | €2.0m | -€5.2m | -€0.2m | ▲ 95.4% |
| Services and other goods61 | - | - | - | €2.3m | €2.4m | €2.8m | €3.6m | €4.1m | ▲ 14.0% |
| Remuneration, social security and pensions62 | - | - | - | €0.4m | €0.8m | €0.9m | €0.9m | €0.9m | ▼ 2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.06m | €0.07m | €0.05m | €0.02m | €0.03m | €0.05m | €0.05m | €0.04m | ▼ 28.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0.1m | €0.3m | -€0.3m | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €0.03m | -€0.08m | - | - | - | - |
| Other operating charges640/8 | - | - | - | €0.004m | €0.1m | €0.05m | €0.006m | €0.003m | ▼ 42.6% |
| Non-recurring operating charges66A | - | - | - | €0.03m | - | - | - | €0.006m | - |
| Operating profit (loss)9901 | €2.2m | €1.0m | €1.2m | €1.4m | €0.2m | -€0.1m | €0.4m | -€0.3m | - |
| Financial income75/76B | - | - | - | €0.01m | €0.003m | €0.009m | €0.003m | - | - |
| Recurring financial income75 | €0.007m | €0.01m | €0.02m | €0.01m | €0.003m | €0.009m | €0.003m | - | - |
| Income from current assets751 | - | - | - | - | - | - | €0.003m | - | - |
| Other financial income752/9 | - | - | - | €0.01m | €0.003m | €0.009m | €11 | - | - |
| Financial charges65/66B | - | - | - | €0.2m | €0.1m | €0.2m | €0.2m | €0.2m | ▼ 3.4% |
| Recurring financial charges65 | €0.5m | €0.5m | €0.4m | €0.2m | €0.1m | €0.2m | €0.2m | €0.2m | ▼ 3.4% |
| Debt charges650 | €0.4m | €0.3m | €0.2m | €0.09m | €0.1m | €0.2m | €0.2m | €0.2m | ▲ 2.1% |
| Other financial charges652/9 | - | - | - | €0.09m | €0.02m | €0.03m | €0.03m | €0.01m | ▼ 49.5% |
| Profit (loss) for the period before taxes9903 | €1.7m | €0.5m | €0.8m | €1.3m | €0.08m | -€0.3m | €0.1m | -€0.5m | - |
| Income taxes67/77 | €0.5m | €0.1m | €0.2m | €0.3m | €0.06m | €0.006m | €0.002m | €0.002m | ▼ 31.9% |
| Taxes670/3 | - | - | - | €0.3m | €0.06m | €0.006m | €0.002m | €0.002m | ▼ 34.5% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | - | - | €91 | - | - |
| Profit (loss) for the period9904 | €1.2m | €0.3m | €0.6m | €0.9m | €0.03m | -€0.3m | €0.1m | -€0.5m | - |
| Profit (loss) for the period to be appropriated9905 | €1.2m | €0.3m | €0.6m | €0.9m | €0.03m | -€0.3m | €0.1m | -€0.5m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €18.5m | €11.1m | €9.5m | €15.0m | €14.0m | €9.4m | €16.0m | €14.6m | ▼ 9.2% |
| Fixed assets21/28 | €0.3m | €0.4m | €0.1m | €0.04m | €0.2m | €0.2m | €0.1m | €0.07m | ▼ 52.5% |
| Intangible fixed assets21 | €0.03m | €0.03m | €0.02m | €0.01m | €0.006m | €0.001m | €264 | €147 | ▼ 44.3% |
| Tangible fixed assets22/27 | €0.09m | €0.1m | €0.08m | €0.02m | €0.1m | €0.2m | €0.1m | €0.07m | ▼ 54.7% |
| Furniture and vehicles24 | - | - | - | €0.02m | €0.1m | €0.2m | €0.1m | €0.06m | ▼ 55.3% |
| Other tangible fixed assets26 | - | - | - | €0.003m | €0.002m | €0.001m | €0.003m | €0.002m | ▼ 21.1% |
| Financial fixed assets28 | €0.2m | €0.2m | €0.001m | €0.001m | €0.001m | €0.001m | - | €0.003m | - |
| Other financial fixed assets284/8 | - | - | - | €0.001m | €0.001m | €0.001m | - | €0.003m | - |
| Amounts receivable and cash guarantees285/8 | - | - | - | €0.001m | €0.001m | €0.001m | - | €0.003m | - |
| Current assets29/58 | €18.2m | €10.7m | €9.4m | €15.0m | €13.8m | €9.2m | €15.9m | €14.5m | ▼ 8.8% |
| Stocks and contracts in progress3 | €4.0m | €2.0m | €2.2m | €3.9m | €5.5m | €3.7m | €9.0m | €9.2m | ▲ 2.7% |
| Stocks30/36 | - | - | - | €3.9m | €5.5m | €3.7m | €9.0m | €9.2m | ▲ 2.7% |
| Goods purchased for resale34 | - | - | - | €3.9m | €5.5m | €3.7m | €9.0m | €9.2m | ▲ 2.7% |
| Amounts receivable within one year40/41 | €12.9m | €7.3m | €5.4m | €9.4m | €6.2m | €4.6m | €6.5m | €4.6m | ▼ 28.3% |
| Trade receivables40 | - | - | - | €8.0m | €5.1m | €4.1m | €5.7m | €4.4m | ▼ 23.2% |
| Other amounts receivable41 | - | - | - | €1.4m | €1.1m | €0.5m | €0.8m | €0.3m | ▼ 65.4% |
| Current investments50/53 | €0.002m | €0.002m | - | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €1.1m | €1.3m | €1.8m | €1.7m | €2.1m | €0.9m | €0.4m | €0.6m | ▲ 42.7% |
| Deferred charges and accrued income490/1 | - | - | - | €0.04m | €0.04m | €0.06m | €0.04m | €0.05m | ▲ 11.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €18.5m | €11.1m | €9.5m | €15.0m | €14.0m | €9.4m | €16.0m | €14.6m | ▼ 9.2% |
| Equity10/15 | €3.8m | €4.1m | €4.7m | €5.6m | €5.6m | €5.3m | €5.5m | €5.0m | ▼ 9.2% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.2m | €0.2m | = |
| Reserves13 | €3.8m | €4.1m | €4.7m | €5.6m | €5.6m | €5.3m | €5.2m | €5.3m | ▲ 2.5% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0.002m | - | - | - |
| Tax-exempt reserves132 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Distributable reserves133 | - | - | - | €5.6m | €5.6m | €5.3m | €5.2m | €5.3m | ▲ 2.5% |
| Profit (loss) carried forward14 | - | - | - | - | - | - | €0.1m | -€0.5m | - |
| Provisions and deferred taxes16 | €0.05m | €0.05m | €0.05m | €0.08m | - | - | - | - | - |
| Provisions for liabilities and charges160/5 | - | - | - | €0.08m | - | - | - | - | - |
| Other liabilities and charges164/5 | - | - | - | €0.08m | - | - | - | - | - |
| Amounts payable17/49 | €14.7m | €6.9m | €4.8m | €9.3m | €8.4m | €4.1m | €10.5m | €9.5m | ▼ 9.2% |
| Amounts payable after more than one year17 | €3.7m | €2.2m | €1.4m | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €11.0m | €4.8m | €3.4m | €9.3m | €8.3m | €4.1m | €10.5m | €9.5m | ▼ 9.2% |
| Financial debts43 | - | - | - | €3.2m | €1.8m | €0.1m | €4.4m | €2.6m | ▼ 39.9% |
| Credit institutions430/8 | - | - | - | €3.2m | €1.8m | €0.1m | €4.4m | €2.6m | ▼ 39.9% |
| Trade debts44 | €1.8m | €4.5m | €2.8m | €5.8m | €6.1m | €3.9m | €6.0m | €6.8m | ▲ 12.5% |
| Suppliers440/4 | - | - | - | €5.8m | €6.1m | €3.9m | €6.0m | €6.8m | ▲ 12.5% |
| Taxes, remuneration and social security45 | - | - | - | €0.3m | €0.4m | €0.1m | €0.08m | €0.1m | ▲ 30.2% |
| Taxes450/3 | - | - | - | €0.3m | €0.3m | €0.01m | €0.007m | €0.01m | ▲ 68.9% |
| Remuneration and social security454/9 | - | - | - | €0.04m | €0.07m | €0.08m | €0.07m | €0.09m | ▲ 26.7% |
| Accrued charges and deferred income492/3 | - | - | - | €0.007m | €0.05m | €0.03m | €0.009m | €0.01m | ▲ 31.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.2m | €0.3m | €0.6m | €0.9m | €0.03m | -€0.3m | €0.1m | -€0.5m | - |
| + Depreciation and write-downs630 | €0.06m | €0.07m | €0.05m | €0.02m | €0.03m | €0.05m | €0.05m | €0.04m | ▼ 28.6% |
| Operating cash flow (approximation) | €1.2m | €0.4m | €0.6m | €0.9m | €0.06m | -€0.3m | €0.2m | -€0.5m | - |
| Investment in fixed assets (approximation) | - | -€0.1m | €0.2m | €0.05m | -€0.2m | -€0.09m | -€0.006m | €0.04m | - |
| Change in cash | - | €0.2m | €0.5m | -€0.2m | €0.4m | -€1.2m | -€0.4m | €0.2m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 12,322 companies had the same profile as Interpolimeri BV has now. Two years later, 90.3% were still going and 0.7% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
90.3%
was still going
8.6%
stopped otherwise
0.7%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Interpolimeri BV itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,446 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 12,322 companies, not a prediction for Interpolimeri BV. 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.
Latest 10 of 21 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 15-06-2026 | 2026-00169456 | |
| 31-12-2024 | full format | 08-08-2025 | 2025-00369358 | |
| 31-12-2023 | full format | 26-04-2024 | 2024-00073260 | |
| 31-12-2022 | full format | 12-06-2023 | 2023-00123857 | |
| 31-12-2021 | full format | 29-06-2022 | 2022-20136208 | |
| 31-12-2020 | full format | 01-07-2021 | 2021-30900524 | |
| 31-12-2019 | full format | 25-06-2020 | 2020-21700146 | |
| 31-12-2018 | full format | 21-06-2019 | 2019-23200028 | |
| 31-12-2017 | full format | 24-07-2018 | 2018-37200524 | |
| 31-12-2016 | full format | 12-06-2017 | 2017-16600516 |