POLYCHIMIQUE
InactiveInactive; last annual accounts for fiscal year 2024.
Signals
1 signal. The signal on the left, the evidence on the right.
+raises risk
raises risk · Filed more than 90 days late
The financial year that closed on 31-08-2024 was due by 31-03-2025 and was filed on 31-07-2025, 122 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2024
122 d late
2023
on the day
2022
18 d early
2021
45 d early
2020
43 d early
2019
50 d early
2018
50 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€5.62M▼ 35.0%
2023 · €8.64M
2018: €7.57M
2019: €7.38M▼ -2.5% vs 2018
2020: €6.40M▼ -13.3% vs 2019
2021: €6.14M▼ -4.0% vs 2020
2022: €9.73M▲ +58.5% vs 2021highest in 7 years
2023: €8.64M▼ -11.2% vs 2022
2024: €5.62M▼ -35.0% vs 2023lowest in 7 years
2018 → 2024
EBIT margin
10.2%▲ 8.4pp
2023 · 1.8%
2018: 10.1%
2019: 9.5%▼ -5.8% vs 2018
2020: 10.1%▲ +6.0% vs 2019
2021: 10.8%▲ +7.7% vs 2020highest in 7 years
2022: 9.8%▼ -9.8% vs 2021
2023: 1.8%▼ -81.6% vs 2022lowest in 7 years
2024: 10.2%▲ +465% vs 2023
2018 → 2024
Net result
€470k▲ 296%
2023 · €119k
2018: €538k
2019: €488k▼ -9.3% vs 2018
2020: €474k▼ -2.9% vs 2019
2021: €492k▲ +3.8% vs 2020
2022: €698k▲ +41.8% vs 2021highest in 7 years
2023: €119k▼ -83.0% vs 2022lowest in 7 years
2024: €470k▲ +296% vs 2023
2018 → 2024
Working capital
€1.41M▲ 91.7%
2023 · €733k
2018: €1.87M
2019: €1.85M▼ -1.4% vs 2018
2020: €2.33M▲ +26.0% vs 2019
2021: €2.86M▲ +22.8% vs 2020
2022: €3.59M▲ +25.7% vs 2021highest in 7 years
2023: €733k▼ -79.6% vs 2022lowest in 7 years
2024: €1.41M▲ +91.7% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€6.40M-€6.14M▼ 4.0%€9.73M▲ 58.5%€8.64M▼ 11.2%€5.62M▼ 35.0%
2020: €6.40M
2021: €6.14M▼ -4.0% vs 2020
2022: €9.73M▲ +58.5% vs 2021highest in 5 years
2023: €8.64M▼ -11.2% vs 2022
2024: €5.62M▼ -35.0% vs 2023lowest in 5 years
Equity€2.46M-€2.95M▲ 20.0%€3.65M▲ 23.7%€764k▼ 79.0%€1.23M▲ 61.5%
2020: €2.46M
2021: €2.95M▲ +20.0% vs 2020
2022: €3.65M▲ +23.7% vs 2021highest in 5 years
2023: €764k▼ -79.0% vs 2022lowest in 5 years
2024: €1.23M▲ +61.5% vs 2023
Operating result€644k-€666k▲ 3.4%€952k▲ 42.9%€155k▼ 83.7%€571k▲ 267%
2020: €644k
2021: €666k▲ +3.4% vs 2020
2022: €952k▲ +42.9% vs 2021highest in 5 years
2023: €155k▼ -83.7% vs 2022lowest in 5 years
2024: €571k▲ +267% vs 2023
Net result€474k-€492k▲ 3.8%€698k▲ 41.8%€119k▼ 83.0%€470k▲ 296%
2020: €474k
2021: €492k▲ +3.8% vs 2020
2022: €698k▲ +41.8% vs 2021highest in 5 years
2023: €119k▼ -83.0% vs 2022lowest in 5 years
2024: €470k▲ +296% vs 2023
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 267% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €5.77M
Fixed assets
€23k ▼ 27.7%
Current assets
€5.75M ▲ 32.9%
Equity and liabilities €5.77M
Equity
€1.23M ▲ 61.5%
Debt
€4.54M ▲ 26.3%
Debt's share of the balance-sheet total falls from 82.5% to 78.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€582k▲
2023 · €184k
Cash flow
€481k▲
2023 · €148k
Current ratio
1.32▲
2023 · 1.20
Quick ratio
1.17▲
2023 · 1.03
Debt to equity
3.67▼
2023 · 4.70
ROE
38.1%▲
2023 · 15.5%
ROA
8.1%▲
2023 · 2.7%
Interest coverage
152.94▲
2023 · 11.45
Debt ≤ 1 year
€4.34M▲
2023 · €3.59M
Income taxes
€97k▲
2023 · €24k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 65 lines
Balance sheet
Code20232024
Assets
Total assets20/58€4.36M€5.77M▲
Fixed assets21/28€32k€23k▼
Intangible fixed assets21€19k€12k▼
Tangible fixed assets22/27€13k€11k▼
Plant, machinery and equipment23€11k€10k▼
Furniture and vehicles24€2k€1k▼
Current assets29/58€4.32M€5.75M▲
Stocks and contracts in progress3€619k€659k▲
Stocks30/36€619k€659k▲
Goods purchased for resale34€619k€659k▲
Amounts receivable within one year40/41€2.35M€4.13M▲
Trade receivables40€440k€1.17M▲
Other amounts receivable41€1.91M€2.96M▲
Cash at bank and in hand54/58€1.35M€962k▼
Deferred charges and accrued income490/1€648€446▼
Equity and liabilities
Total equity and liabilities10/49€4.36M€5.77M▲
Equity10/15€764k€1.23M▲
Contributions10/11€346k€346k=
Capital10€346k€346k=
Issued capital100€346k€346k=
Reserves13€418k€418k=
Non-distributable reserves130/1€35k€35k=
Legal reserve130€35k€35k=
Tax-exempt reserves132€276k€276k=
Distributable reserves133€108k€108k=
Profit (loss) carried forward14-€470k
Amounts payable17/49€3.59M€4.54M▲
Amounts payable within one year42/48€3.59M€4.34M▲
Trade debts44€507k€1.18M▲
Suppliers440/4€507k€1.18M▲
Taxes, remuneration and social security45€85k€667k▲
Taxes450/3€85k€667k▲
Other amounts payable47/48€3.00M€2.50M▼
Accrued charges and deferred income492/3€51€193k▲
Income statement
Code20232024
Operating income70/76A€8.73M€5.68M▼
Turnover70€8.64M€5.62M▼
Other operating income74€89k€67k▼
Operating charges60/66A€8.57M€5.11M▼
Goods for resale, raw materials and consumables60€7.45M€4.34M▼
Purchases600/8€6.62M€4.31M▼
Change in stocks: decrease (increase)609€831k€27k▼
Services and other goods61€1.09M€759k▼
Remuneration, social security and pensions62€-79-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€11k▼
Other operating charges640/8€4k€3k▼
Operating profit (loss)9901€155k€571k▲
Financial income75/76B€3k-
Recurring financial income75€3k-
Income from current assets751€3k-
Other financial income752/9€0-
Financial charges65/66B€16k€4k▼
Recurring financial charges65€16k€4k▼
Other financial charges652/9€16k€4k▼
Profit (loss) for the period before taxes9903€143k€567k▲
Income taxes67/77€24k€97k▲
Taxes670/3€24k€97k▲
Profit (loss) for the period9904€119k€470k▲
Transfer from tax-exempt reserves789€59k-
Profit (loss) for the period to be appropriated9905€178k€470k▲
Appropriation of the result
Profit (loss) to be appropriated9906€2.66M€470k▼
Profit (loss) brought forward from the previous period14P€2.49M-
Transfer from equity791/2€337k-
From reserves792€337k-
Profit to be distributed694/7€3.00M-
Return on contributions (dividend)694€3.00M-
The notes to these accounts (22 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €6.21M | €9.81M | €8.73M | €5.68M | ▼ 34.9% |
| Turnover70 | €6.40M | €6.14M | €9.73M | €8.64M | €5.62M | ▼ 35.0% |
| Other operating income74 | - | €69k | €73k | €89k | €67k | ▼ 24.4% |
| Operating charges60/66A | - | €5.55M | €8.85M | €8.57M | €5.11M | ▼ 40.3% |
| Goods for resale, raw materials and consumables60 | - | €4.58M | €7.63M | €7.45M | €4.34M | ▼ 41.7% |
| Purchases600/8 | - | €5.03M | €7.65M | €6.62M | €4.31M | ▼ 34.8% |
| Change in stocks: decrease (increase)609 | - | €-453k | €-25k | €831k | €27k | ▼ 96.8% |
| Services and other goods61 | - | €905k | €1.17M | €1.09M | €759k | ▼ 30.4% |
| Remuneration, social security and pensions62 | - | €18k | €12k | €-79 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €39k | €41k | €40k | €29k | €11k | ▼ 61.2% |
| Other operating charges640/8 | - | €930 | €1k | €4k | €3k | ▼ 21.9% |
| Operating profit (loss)9901 | €644k | €666k | €952k | €155k | €571k | ▲ 267% |
| Financial income75/76B | - | €3k | €166 | €3k | - | - |
| Recurring financial income75 | €6k | €3k | €166 | €3k | - | - |
| Income from current assets751 | - | €3k | - | €3k | - | - |
| Other financial income752/9 | - | €131 | €166 | €0 | - | - |
| Financial charges65/66B | - | €14k | €22k | €16k | €4k | ▼ 76.4% |
| Recurring financial charges65 | €16k | €14k | €22k | €16k | €4k | ▼ 76.4% |
| Debt charges650 | - | €262 | €1k | - | - | - |
| Other financial charges652/9 | - | €14k | €21k | €16k | €4k | ▼ 76.4% |
| Profit (loss) for the period before taxes9903 | €634k | €655k | €931k | €143k | €567k | ▲ 298% |
| Income taxes67/77 | €160k | €163k | €233k | €24k | €97k | ▲ 304% |
| Taxes670/3 | - | €163k | €233k | €24k | €97k | ▲ 304% |
| Profit (loss) for the period9904 | €474k | €492k | €698k | €119k | €470k | ▲ 296% |
| Transfer from tax-exempt reserves789 | - | €259k | €98k | €59k | - | - |
| Transfer to tax-exempt reserves689 | - | €189k | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €536k | €562k | €795k | €178k | €470k | ▲ 164% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.01M | €3.58M | €4.50M | €4.36M | €5.77M | ▲ 32.5% |
| Fixed assets21/28 | €129k | €92k | €56k | €32k | €23k | ▼ 27.7% |
| Intangible fixed assets21 | €108k | €75k | €41k | €19k | €12k | ▼ 34.9% |
| Tangible fixed assets22/27 | €21k | €17k | €14k | €13k | €11k | ▼ 17.5% |
| Plant, machinery and equipment23 | - | €17k | €14k | €11k | €10k | ▼ 15.2% |
| Furniture and vehicles24 | - | - | - | €2k | €1k | ▼ 31.4% |
| Current assets29/58 | €2.88M | €3.49M | €4.44M | €4.32M | €5.75M | ▲ 32.9% |
| Stocks and contracts in progress3 | €972k | €1.42M | €1.45M | €619k | €659k | ▲ 6.5% |
| Stocks30/36 | - | €1.42M | €1.45M | €619k | €659k | ▲ 6.5% |
| Goods purchased for resale34 | - | €1.42M | €1.45M | €619k | €659k | ▲ 6.5% |
| Amounts receivable within one year40/41 | €1.33M | €722k | €1.85M | €2.35M | €4.13M | ▲ 75.5% |
| Trade receivables40 | - | €464k | €802k | €440k | €1.17M | ▲ 166% |
| Other amounts receivable41 | - | €259k | €1.05M | €1.91M | €2.96M | ▲ 54.7% |
| Cash at bank and in hand54/58 | €580k | €1.34M | €1.14M | €1.35M | €962k | ▼ 28.9% |
| Deferred charges and accrued income490/1 | - | €535 | €628 | €648 | €446 | ▼ 31.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.01M | €3.58M | €4.50M | €4.36M | €5.77M | ▲ 32.5% |
| Equity10/15 | €2.46M | €2.95M | €3.65M | €764k | €1.23M | ▲ 61.5% |
| Contributions10/11 | €346k | €346k | €346k | €346k | €346k | = |
| Capital10 | - | €346k | €346k | €346k | €346k | = |
| Issued capital100 | - | €346k | €346k | €346k | €346k | = |
| Reserves13 | €625k | €814k | €814k | €418k | €418k | = |
| Non-distributable reserves130/1 | - | €35k | €35k | €35k | €35k | = |
| Legal reserve130 | - | €35k | €35k | €35k | €35k | = |
| Tax-exempt reserves132 | - | €433k | €335k | €276k | €276k | = |
| Distributable reserves133 | - | €347k | €445k | €108k | €108k | = |
| Profit (loss) carried forward14 | €1.49M | €1.79M | €2.49M | - | €470k | - |
| Amounts payable17/49 | €552k | €633k | €854k | €3.59M | €4.54M | ▲ 26.3% |
| Amounts payable within one year42/48 | €552k | €633k | €853k | €3.59M | €4.34M | ▲ 20.9% |
| Trade debts44 | €493k | €625k | €791k | €507k | €1.18M | ▲ 132% |
| Suppliers440/4 | - | €625k | €791k | €507k | €1.18M | ▲ 132% |
| Taxes, remuneration and social security45 | - | €7k | €63k | €85k | €667k | ▲ 683% |
| Taxes450/3 | - | €5k | €63k | €85k | €667k | ▲ 683% |
| Remuneration and social security454/9 | - | €2k | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €3.00M | €2.50M | ▼ 16.7% |
| Accrued charges and deferred income492/3 | - | €369 | €34 | €51 | €193k | ▲ 375,612% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €474k | €492k | €698k | €119k | €470k | ▲ 296% |
| + Depreciation and write-downs630 | €39k | €41k | €40k | €29k | €11k | ▼ 61.2% |
| Operating cash flow (approximation) | €513k | €533k | €737k | €148k | €481k | ▲ 226% |
| Investment in fixed assets (approximation) | - | €-4k | €-4k | €-5k | €-2k | ▲ 50.7% |
| Change in cash | - | €763k | €-202k | €213k | €-392k | ▼ 284% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 122 days late
2024
19-11
State Gazette act
Merger · Capital
Corporate purpose · Board composition
31-08
Financial
Equity above €1MEq €1.23M ▲61.5%
7 profitable years in a row build equity to €1.23M.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €119k ▼83%
Net result drops to €119k, the lowest in the series.
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €698k ▲41.8%
Operating result €952k, net result €698k, both a record.
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Liquidity doublescurrent ratio 5.22
Current ratio from 2.46 to 5.22; short-term debt falls from €1.27M to €552k.
31-12
Financial
Equity above €2MEq €2.46M ▲23.9%
3 profitable years in a row build equity to €2.46M.
11-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2019
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
07-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
29-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 16 acts read
About the unread acts
We know of 16 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Structure & network
Acquisitions and mergers
1 transactionTaken over by:ECOCHEM INTERNATIONAL NV