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Polyform

In bankruptcy Public limited companyfounded 2015Rue Bonne-Fortune 102, 4430 AnsKBO/BCE: BE 0627.934.646 subsidiary of Simonis Plastic
Polyform
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Overview

Information for creditors

Enterprise Court of Liège, Liège division · Official Gazette of 09-10-2024
Appeal or third-party opposition 24-10-2024Filing the claim in RegSol 02-11-2024First verification report 14-11-2024Late claim 03-10-2025

Trustee: Caroline Dewandre. The judgment is more than a year old. A claim can no longer be filed, not even late. The trustee knows whether anything will still be paid out.

Lifetime

8 annual accounts with figures on one time axis
peak €2.4m (2018)
€1.0m▼ 40.4%
lowest -€763,164 (2022)
-€763,164▼ €746,984
peak €1.5m (2018)
€383,643▼ 66.5%
€3.9m▲ 9.6%
peak 42.7 FTE (2016)
25 FTE▼ 18.3%
Board3 names since 2017
2 directorsG SQUARE Consulting and 1 other
Owners5 names in the annual accounts
100%Simonis Plastic and 1 other
Documentsfilings and deeds
11-04-2024255 days late
2022financial year
Gross margin from €1.8m to €1.0mLoss of €763,164Staff from 30.6 FTE to 25 FTEEquity from €1.1m to €383,6431 establishment registeredCash from €344,283 to €238,101

Key points

from the 2022 annual accounts, the last ones filed

Equity

€383,643 from €1.5m in 2018

Equity fell by 74% in 4 years.

Losses

-€1.2m in four years
-314,1592019-59,7992020-16,1802021-763,1642022

Every financial year from 2019 to 2022 closed with a loss. 2022 was the heaviest.

Debts

€3.9m 91% of the balance sheet
Financial debts 28%Suppliers 57%Taxes and wages 7%Other 9%

Of this, €3.1m falls due within a year. The annual accounts state €21,904 of overdue social security (RSZ) debts on 31-12-2022.

Filings

8 annual accounts 3 late
AprilJune31 JulyOctober20152020

The 2022 accounts came latest: 255 days after the end of the period.

Final months

170 days from reorganisation to bankruptcy
  • 16-04-2024 reorganisation opened
  • 03-10-2024 declared bankrupt
  • 09-10-2024 published in the Official Gazette

No annual accounts were filed for 2023.

No score

Board and ownership

FF
Fernando FUENTES URANGA
Director
GS
G SQUARE Consulting
Director, Ghislain Gilliot
  • Simonis Plastic 100%bankrupt since 03-10-2024equity €903,864 (2022) · annual accounts 2022
Board & ownership

Recent changes

3 companies at this address later SemaFinances, ASEPTIC TECHNOLOGIES and PLASTIQUAL · since 2024
Bankruptcy published Enterprise Court of Liège, Liège division · judgment of 03-10-2024 · Bankruptcy
Reappointment: G Square Consulting (director) Permanent representative: Ghislain Gilliot · General meeting of 03-04-2024 · Gazette deed
Judicial reorganisation opened Enterprise Court of Liège · collective agreement · judgment of 16-04-2024 · Judicial reorganisation
All 20 events

Official details

Source: KBO
Status
In bankruptcydeclared bankrupt on 03-10-2024
Activity
Manufacture of chemicals and chemical productsNACE 20160and 2 others
Establishment units
2.241.074.6374830 Limbourg, since 03-04-2015
2.327.911.7104430 Ans, since 04-01-2022
Financial year end
31 December
Peppol
Not found in the Peppol Directory
Company details

Annual accounts 2022

€1.0m▼ 40.4%
≈ €1.8mestimated
€763,164▲ 47×
€383,643▼ 66.5%
€4.3m▼ 8.8%
Employeeson 31-12-2022
25▼ 13.8%
Filing
Filed on 11-04-2024
Financials

Insights on Polyform

Equity fell from €1.5m in 2018 to €383,643 in 2022, while debts rose from €1.7m to €3.9m.

On 16 April 2024 the court opened a judicial reorganisation. 170 days later came the bankruptcy. Parent company Simonis Plastic went bankrupt the same day.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2022

full format, filed on 11-04-2024, 255 days late
€1.0m
▼ 40.4%
-€726,131
▼ €752,288
-€465,219
▼ €711,105
-€502,253
▼ €705,802
8.9%
▼ 15.3 percentage points
0.79
▼ 0.23

The turnover shown is an estimate from the gross margin.

Turnover ≈ €1.8m. Estimated: probably between €1.2m and €3.0m.

Money flows

no detail for 2022

Balance sheet

balance sheet total €4.3m on 31-12-2022
What the company ownsHow it is paid for

in €m

in euro

Position in the sector

Compare with sector

8.9%

Higher than 9% of 305 companies in 2022.

0.79

Higher than 11% of 305 companies in 2022.

-17.6%

Lower than 95% of 304 companies in 2022.

Polyform Middle half of the sector 80% of the sector Full accounts in chemicals (NACE 20)

Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter · Staff: middle half

Staff

Men and women

Not in that year's accounts.

€58,545

Staff costs divided by the average number of full-time equivalents.

-4 people

people who joined people who left

In 2022, nobody joined and 4 people left.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20222021202020192018201720162015
Balance sheet: assets
20/58 4.3m4.7m4.5m4.6m3.3m3.4m3.2m3.7m
20 153,416191,768------
21/28 1.7m1.9m1.9m2.1m966,2981.1m1.0m1.0m
22/27 1.7m1.9m1.9m2.1m966,2981.1m1.0m1.0m
22 1.5m1.7m1.8m1.9m700,568752,498756,591800,809
23 157,031176,306152,557210,597239,754223,221174,939131,858
24 2,6756,7598,04510,65210,38517,30027,65028,141
25 36,78146,384------
27 -5,400------
29/58 2.4m2.7m2.5m2.5m2.3m2.4m2.1m2.6m
3 899,2071.2m793,7881.2m1.1m978,826930,464937,754
30/36 765,8121.0m768,0881.1m1.0m846,267881,091872,189
30/31 -----437,287384,482397,820
32 -----55,41951,85028,735
33 -----353,561444,758445,634
37 133,395148,29525,700184,43449,314132,55949,37365,565
40/41 1.3m1.1m1.2m788,976864,3591.1m904,8431.3m
40 1.3m995,4091.2m780,428860,5371.1m866,2251.3m
41 33,20166,7407,4498,5483,82125,58838,61838,836
54/58 238,101344,283401,295415,544339,884283,886282,010357,161
490/1 -54,688110,67150,10540,9686,14323,89123,103
Balance sheet: equity and liabilities
10/49 4.3m4.7m4.5m4.6m3.3m3.4m3.2m3.7m
10/15 383,6431.1m1.1m1.2m1.5m1.5m1.5m1.5m
10/11 1.5m1.5m1.5m1.5m1.5m1.5m1.5m1.5m
10 1.5m1.5m------
100 1.5m1.5m1.5m1.5m1.5m1.5m1.5m1.5m
14 -1.2m-416,967-400,787-340,988-26,829-38,078-28,897-33,335
15 30,09439,674------
16 25,37225,37225,37233,30558,64075,84091,13757,623
160/5 25,37225,37225,37233,30558,64075,84091,13757,623
160 25,37225,37225,37233,30552,42569,62585,98835,127
163 ----1,066---
164/5 ----5,1496,2155,14922,496
17/49 3.9m3.6m3.3m3.4m1.7m1.9m1.6m2.1m
17 827,282943,5881.1m1.3m289,538396,483290,000500,000
170/4 827,282943,5881.1m1.3m289,538396,483--
172 -----9,173--
173 -----387,311--
178/9 ------290,000500,000
42/48 3.1m2.6m2.2m2.1m1.4m1.5m1.3m1.6m
42 116,306200,765204,482203,673106,946105,041198,859224,149
43 265,907273,118291,494326,783322,593165,000--
430/8 265,907273,118291,494326,783322,593165,000--
44 2.2m1.4m1.1m844,528606,677780,212857,264828,191
440/4 2.2m1.4m1.1m844,528606,677780,212857,264828,191
46 158,985186,60817,316122,01722,280109,34118,37053,500
45 257,762406,692439,856556,310375,974248,603210,520255,508
450/3 51,28048,00974,93676,69755,33943,05149,73036,806
454/9 206,482358,683364,920479,613320,635205,552160,790218,701
47/48 58,500131,500131,500--60,000-207,600
492/3 -11,35021818,813244788569,322
Income statement
70/76A -----6.4m6.5m6.5m
70 -----6.3m6.3m6.3m
71 ------10,40519,044112,224
9900 1.0m1.8m2.0m1.9m2.4m---
60/66A -----6.4m6.4m6.5m
60 -----2.7m2.7m2.8m
600/8 -----2.8m2.7m2.8m
609 ------51,65011,799-60,021
61 -----1.3m1.4m1.6m
62 1.5m1.7m1.7m1.9m2.2m2.1m2.0m1.9m
630 260,911219,729222,073256,306163,021155,023131,752124,463
631/4 -113,920-3,80734,48914,2009,429-7,11722,27317,004
635/8 ---7,933-25,335-17,200-15,29733,51420,316
640/8 163,68358,11055,81937,73729,89835,56956,98561,700
649 --191,768------
9901 -726,13126,15718,897-250,58155,64046,67577,48047,501
75/76B 9,9539,580-2,970132666
75 9,9539,580-2,970132666
751 -------9
752/9 -----32657
65/66B 45,99239,70977,67565,24518,09030,96644,35568,509
65 45,99239,70977,67565,24518,09030,96644,35568,509
650 -----22,35233,05630,258
652/9 -----8,61411,29938,250
9903 -762,170-3,972-58,778-312,85637,55015,74133,131-20,941
67/77 99512,2081,0211,30426,30124,92228,69312,393
670/3 -----24,92829,67912,393
77 -----6986-
9904 -763,164-16,180-59,799-314,15911,249-9,1814,438-33,335
9905 -763,164-16,180-59,799-314,15911,249-9,1814,438-33,335
Appropriation of the result
9906 -1.2m-416,967-400,787-340,988-26,829-38,078-28,897-33,335
14P -406,562-400,787------
Social balance sheet
9087 2530.635.237.739.841.942.742.4
Men (FTE)1003 -----30.931.931.6
Women (FTE)1003 -----1110.810.8
Agency workers1501 -----0.80.20.3
Hours worked1013 25,45140,37439,07845,34356,18855,11454,17250,451
Document PDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 16 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2022 (PDF), filed on 11-04-2024.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2022 annual accounts filed 255 days after the deadline. Filed on 11 April 2024, deadline 31 July 2023 (7 months after the close on 31 December 2022, Companies Code art. 3:10). Source: NBB, 2024-00063080.

Financial year Type Filed Reference Document
31-12-2022 full format 11-04-2024 2024-00063080 PDF
31-12-2021 full format 27-08-2022 2022-20340036 PDF
31-12-2020 full format 05-08-2021 2021-46200440 PDF
31-12-2019 full format 29-06-2020 2020-22800513 PDF
31-12-2018 full format 13-06-2019 2019-18300301 PDF
31-12-2017 full format 06-06-2018 2018-16300504 PDF
31-12-2016 full format 13-06-2017 2017-17000020 PDF
31-12-2015 full format 25-07-2016 2016-35200085 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20222021202020192018201720162015
-465,219245,886240,9705,726218,661201,697209,232171,965
-502,253203,549162,274-57,853174,270145,842136,19091,129
70,585183,87367,9681.4m78,625186,309106,9914.3m
-106,182-57,012-14,24975,65955,9981,876-75,152-
-661,59332,678308,915445,619878,572906,905856,1941.1m
-----0.7%1.2%0.8%
8.9%24.1%25.1%25.8%45.6%43.4%47.3%40.4%
0.791.011.141.221.611.621.671.68
0.500.560.780.610.870.950.941.09
10.213.122.962.851.151.261.051.44
-198.9%-1.4%-5.3%-26.6%0.8%-0.6%0.3%-2.2%
-17.6%-0.3%-1.3%-6.8%0.3%-0.3%0.1%-0.9%
-10.126.19---9.026.335.68
-----62 days50 days74 days
-----70 days76 days70 days

EBIT margin: not included in this filing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Revenue breakdown

as filed

By activity 2016

  • Injection plastique €6,156,05597.1%
  • Outillage et ventes diverses €186,8182.9%

Total €6,342,873

Source: 2016 accounts, page 18, filing 2017-17000020

By geographic market 2016

  • Union Européenne €4,654,16373.4%
  • Belgique €1,292,97620.4%
  • Reste du monde €395,7346.2%

Total €6,342,873

Source: 2016 accounts, page 18, filing 2017-17000020

All years (2015 to 2016)

By activity

By activity20152016
Injection plastique€6,155,779€6,156,055
Outillage et ventes diverses€155,105€186,818
Total€6,310,884€6,342,873

By geographic market

By geographic market20152016
Union Européenne€4,718,011€4,654,163
Belgique€1,276,952€1,292,976
Reste du monde€315,921€395,734
Total€6,310,884€6,342,873

Social balance sheet

Item31-12-202231-12-2021
Employees at the balance-sheet date2529
full-time2025
part-time54
in full-time equivalents2428.2
2530.6
On a permanent contract2529
Joined00
Left44

Source: social balance sheet in the 2021 to 2022 annual accounts

Overdue debts

tax and social security
Item20222021
Overdue social security (RSZ) debts€21,904-

Source: notes to the 2021 to 2022 annual accounts (statement of debts)

Securities and guarantees

on own assets and for others
Item20222021
Debts secured on the company's own assets-€1.4m
Mortgages, amount registered€1.4m€1.4m
Carrying value of the mortgaged assets€1.2m€1.3m
Mandates to pledge the business€550,000€550,000

Source: notes to the 2021 to 2022 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item20222021
Tangible fixed assets€70,585€183,873
€260,911€219,729

Source: notes to the 2021 to 2022 annual accounts (statement of fixed assets)

Insights on Polyform

The operating result for 2022 is a loss of €726,131, after a profit of €26,157 in 2021. It is the lowest result since 2015.

Debt's share of the balance-sheet total rises from 75.3% to 90.5%. Equity is lower and debt is higher.

Board & ownership

Curator

the curator has managed the company since 03-10-2024
Caroline Dewandre
Curator, Place Verte 13, 4000 Liege 1
Also on 134 other cases

Last board

2 directors, last change in 2019
Fernando FUENTES URANGA
Director
appointed by deed of 14-02-2020
listed in the 2022 annual accounts, filed on 11-04-2024
G SQUARE Consulting BVBA
Director, permanent representative Ghislain Gilliot
in office according to the deed of 03-06-2024 6-year term from 2024
also on the board of 1 other company
listed in the 2022 annual accounts, filed on 11-04-2024
2 other companies bankrupt
Permanent representatives 1
Ghislain Gilliot
Permanent representative, for G SQUARE Consulting
in office according to the deed of 03-06-2024

Office holders in the KBO →

Mandates through the years

3 names, the dashed line is today
G SQUARE Consulting
Director
Fernando FUENTES URANGA
Director
ASPEL GROUP
Director
BoardEarliermandate already running before its first mentionBankruptcy 03-10-2024
Mandates as a list
  • G SQUARE Consulting
    • Director, from 01-10-2017, until the bankruptcy of 03-10-2024
  • Fernando FUENTES URANGA
    • Director, appointed by deed of 14-02-2020, until the bankruptcy of 03-10-2024
  • ASPEL GROUP
    • Director, until 24-12-2019

See the board, name and registered office on a given date →

Control

Parent
Simonis Plastic
Equity €903,864
Loss €106,366 in 2022
Checked score 24
bankrupt on 03-10-2024
Source: own accounts 2022
100%
This company
Polyform
Equity €383,643
Loss €763,164 in 2022

Further up the chainG SQUARE Consulting 67.5%

Capital

Capital
€1,523,276
Source
2022 annual accounts

Owners through the years

as the annual accounts name them
Simonis Plastic
85.7%85.72%100%
100%
G SQUARE Consulting
consolidates
consolidates
ASPEL GROUP
99.99%99%14.3%14.24%
14.24% until 2018
ASPEL
0.01%1%
1% until 2016
Anchorage
consolidates
consolidates until 2016
Owners as a list

Source: shareholder structure in its own accounts, parent in its own accounts, lists of holdings in the owners' accounts

The directors' other companies

1 last director with another company that went bankrupt, was dissolved or struck off

2 other companies of this director went bankrupt (2024, 2025).

Source: Belgian Official Gazette (bankruptcies, judicial dissolutions, board mandates), FPS Economy (strike-offs) and the KBO register. A bankruptcy, dissolution or strike-off says nothing about the director's part in it.

Network & group

Group

Simonis Plastic has 3 holdings in 2 countries (2022 accounts), the bar shows equity in euros
ParentSimonis Plastic3 holdings, 2 countries 2022 accounts

Belgium 2 Year Equity Result

  • BE Polyformopen bankruptcy 2022€383,643 result -€763,164 (2022)
  • BE Plast4Life48%no longer active 2024€1.9m result -€119,874 (2024)

Asia and Oceania 1 Year Equity Result

  • CN Yuyao Simonis Plastic CO 2021€188,857 result - (2021)

Source: list of holdings in the 2022 accounts of Simonis Plastic. Holdings that file themselves stand with their latest accounts, the others with the amounts of that list, in their own currency.

At the same address

Rue Bonne Fortune 102, 4430 Ans · 7 other companies
ASEPTIC TECHNOLOGIES
establishment since 01-07-2025 · founded in 2002
 61 FTE (2025)
0477.899.303
ACALIN
registered office since 23-04-1993 · founded in 1993
 15 FTE (2025)
0449.791.275
PLASTIQUAL
establishment since 04-10-2024 · founded in 1998
 40 FTE (2025)
0463.162.132
Simonis Plastic
registered office since 01-09-1969 · founded in 1969
 38 FTE (2022)
0406.810.278
SERVICES MANAGEMENT FORMATION
registered office since 18-12-1990 · founded in 1990
 8.9 FTE (2025)
0442.445.407
SEMAFORMA
registered office since 21-11-2006 · founded in 2006
 1.7 FTE (2025)
0885.380.168
SemaFinances
registered office since 17-12-2025
 founded in 2025
1031.801.272

Connections & network

3 connected companies
Depth
ECOPLAST TECHNOLOGY EN LIQUIDATION, Shared corporate director ETECOPLASTTECHNOLOGY EN…PLAST4LIFE, Shared corporate director PPLAST4LIFEUSINE UNION, Shared corporate director · open bankruptcy UUUSINE UNIONPolyform Polyform0627.934.646
Shared directorsIn bankruptcy
This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
USINE UNION
via G SQUARE Consulting · Managing director · deed of 04-09-2020
Open bankruptcy · founded in 2010 · 9.4 FTE (2023)
→
PLAST4LIFE
via G SQUARE Consulting · Class A director · deed of 28-10-2021
No longer active · 10 FTE (2024)
→
ECOPLAST TECHNOLOGY EN LIQUIDATION
via G SQUARE Consulting · Director · deed of 04-02-2019
No longer active · 3 FTE (2020)
→

Timeline

Timeline

20 events since 2015
2025
3 companies at this address later SemaFinances, ASEPTIC TECHNOLOGIES and PLASTIQUAL · since 2024
2024
Bankruptcy published Enterprise Court of Liège, Liège division · judgment of 03-10-2024
Reappointment: G Square Consulting (director)Permanent representative: Ghislain Gilliot · General meeting of 03-04-20243 points ▸
  • General meeting, 03-04-2024
  • Director reappointment, G Square Consulting
  • Permanent representative, Ghislain Gilliot

Open the deed in the Belgian Official Gazette

Judicial reorganisation opened Enterprise Court of Liège · collective agreement · judgment of 16-04-2024
Annual accounts 2022 filed PDFfull format · 255 days late
2023
Registered office moved from Limbourg to AnsNew registered office: Rue Bonne-Fortune N° 102 à 4430 Ans · Previous registered office: Chemin du Loup 10 à 4830 Limbourg · Board meeting of 21-08-20232 points ▸
  • Board meeting, 21-08-2023
  • Registered-office move, Rue Bonne-Fortune N° 102 à 4430 Ans

Open the deed in the Belgian Official Gazette

2022
Weakest financial year net -€763,164 The net result drops to -€763,164, the lowest from 2015 to 2022.
Annual accounts 2021 filed PDFfull format · 27 days late
New establishment in Ans Rue Bonne-Fortune 102
2021
Annual accounts 2020 filed PDFfull format · 5 days late
2020
Annual accounts 2019 filed PDFfull format · 32 days before the deadline
Resignation: ASPEL GROUP (director)Appointment: Fernando FUENTES URANGA (director) · General meeting of 24-12-20193 points ▸

Open the deed in the Belgian Official Gazette

2019
Annual accounts 2018 filed PDFfull format · 48 days before the deadline
2018
Back to profit net €11,249 The net result is €11,249, after one loss-making year.
Annual accounts 2017 filed PDFfull format · 55 days before the deadline
2017
Annual accounts 2016 filed PDFfull format · 48 days before the deadline
2016
Back to profit net €4,438 The net result is €4,438, after one loss-making year.
Annual accounts 2015 filed PDFfull format · 6 days before the deadline
2015
Incorporation PDF8 publications in the Belgian Official Gazette, the last on 03-06-2024 · published on 16-04-2015
First establishment Chemin du Loup 10, Limbourg

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

Polyform was incorporated on 3 April 2015.1 The registered office was moved to Ans in 2023.2 Total assets rose from €3.3m in 2018 to €4.3m in 2022 and headcount from 39.8 to 25 full-time equivalents.3 On 3 October 2024 the company was declared bankrupt.4

  1. 1KBO register
  2. 2Belgian Official Gazette, 19-10-2023
  3. 3National Bank, annual accounts 2018 and 2022
  4. 4Belgian Official Gazette, 09-10-2024

Company details

Identity

Enterprise number
0627.934.646
VAT number
BE 0627.934.646
Legal form
Public limited company
Status
In bankruptcy, since 03-10-2024
Founded
03-04-2015
Financial year
ends on 31 December
Peppol
Not found in the Peppol Directory
Name
Polyform in French
Entity type
Legal entity

Activities

NACEBEL 2025
20160 Manufacture of chemicals and chemical products main activity
22260 Manufacture of rubber and plastic products
24200 Manufacture of basic metals
Codes under NACEBEL 2008
20160 Manufacture of chemicals and chemical products main activity
22290 Manufacture of rubber and plastic products
24200 Manufacture of basic metals

Registered office and establishments

2 establishments
Establishment Since Unit number
Chemin du Loup 10 4830 Limbourg 2221001 Manufacture of rubber and plastic products 03-04-2015 2.241.074.637
Rue Bonne-Fortune 102 registered office 4430 Ans 2221001 Manufacture of rubber and plastic products 04-01-2022 2.327.911.710
1 former office
  • Chemin du Loup 10, 4830 Limbourg until 01-07-2023 · deed of 19-10-2023

Buildings and parcels at the address

Ground area
398 m²

Location

registered office establishment approximate All 2 establishment units on the map
8 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
62073B0013/00K002398 m² - -

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