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Complete company report
Generated 12-07-2026
Active BE 0425.059.641Private limited company

POLYMAR

Helleweide 10 ·2930 Brasschaat, Belgium· 42 yrs active
Sector: Wholesale trade (46851)
Conclusion Checked

The computed 12-month bankruptcy probability of POLYMAR is 0.3% (very low). The 2025 annual accounts show equity of €3.59M and a net result of €7k. Equity is growing by ~9.7% per year across the filed fiscal years. Its solvency ranks better than 95% of 319 sector peers (fiscal year 2025). The company has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 8 annual accounts.
Key figures
Equity €3.59M
Net result €7k
Staff (FTE) 1.3
Better than sector 95%
Snowflake analysis 5 axes · computed by Checked
Health68Profitability1Solvency100Growth52Stability100
64 / 100

Strong profile, led by solvency.

Health 68
Profitability 1
Solvency 100
Growth 52
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
0.3% Very low
0%0,5%1,5%4%10%≥25%
Long track record −Annual accounts: healthy financial profile −Higher-failure-rate sector +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
Long-established
Founded in 1983, 42 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2025 · computed
68 / 100 Healthy
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 09-03-2026 with the NBB · fiscal year 2025 · verkort
€-200k€0€200k€400k€600kOperating result 2021: €554k€554kNet result 2021: €537k€537kOperating result 2022: €312k€312kNet result 2022: €177k€177kOperating result 2023: €357k€357kNet result 2023: €173k€173kOperating result 2024: €-61k€-61kNet result 2024: €14k€14kOperating result 2025: €15k€15kNet result 2025: €7k€7k20212022202320242025
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~9.7%/year over 8 fiscal years, indicative, assuming unchanged policy.
€0€2.00M€4.00M€6.00M2026: €4.38M (€3.71M - €5.06M)2027: €4.70M (€3.63M - €5.78M)2028: €5.02M (€3.54M - €6.50M)2018: €1.17M2019: €1.29M2020: €2.69M2021: €3.22M2022: €3.40M2023: €3.57M2024: €3.59M2025: €3.59M20182019202020212022202320242025202620272028
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2025 · NACE 46, Wholesale trade · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency 93.1% 35.1%
better than 95% of 319 sector peers
Net result €7k €44k
better than 31% of 319 sector peers
Equity €3.59M €272k
better than 95% of 319 sector peers
Gross operating margin €219k €237k
better than 46% of 318 sector peers
Staff costs €173k €171k
higher than 51% of 200 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Revenue
€3.04M
- -96% vs sector
EBITDA
€41k
- -99% vs sector
Net profit
€7k
-48.9% -100% vs sector
Cash flow
€33k
-4.1% -99% vs sector
Total assets
€3.86M
+5.5% -93% vs sector
Equity
€3.59M
+0.2% -83% vs sector
Working capital
€3.55M
-0.3% -72% vs sector
Employees (FTE)
1
-23.5% -92% vs sector
Staff costs
€173k
-26.6% -92% vs sector
Income taxes
€8k
-44.2% -99% vs sector
Debt
€268k
+260.2% -99% vs sector
Debt ≤ 1y
€264k
+526.4% -97% vs sector
Current ratio
14.44
-83.1% far above sector median
Quick ratio
11.28
-84.7% far above sector median
Solvency
93.1%
-5.0% +72% vs sector
Debt / equity
0.07
+259.5% -91% vs sector
ROE
0.2%
-49.0% -99% vs sector
ROA
0.2%
-51.6% -98% vs sector
Net margin
6.5%
- +124% vs sector
EBITDA margin
10.3%
- +22% vs sector
Interest coverage
0.67
- -99% vs sector
Figures by fiscal year
Fiscal year2025
Revenue-
EBITDA€41k
Net profit€7k
Cash flow€33k
Staff costs€173k
Income taxes€8k
Dividends-
Total assets€3.86M
Equity€3.59M
Debt€268k
of which ≤ 1y€264k
of which > 1y-
Working capital€3.55M
Employees (FTE)1.3
Ratios (computed)
2025
Current ratio14.44
Quick ratio11.28
Working capital ratio92.0%
Solvency93.1%
Debt / equity0.07
Long-term debt ratio-
Interest coverage0.67
Gross margin-
Net margin-
ROA0.2%
ROE0.2%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet, Assets
TOTAL ASSETS 20/58€3.86M
Fixed assets 21/28€44k
Intangible fixed assets 21€18k
Tangible fixed assets 22/27€26k
Current assets 29/58€3.82M
Stocks & contracts in progress 3€835k
Amounts receivable within one year 40/41€809k
Cash & bank 54/58€2.16M
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€3.86M
Equity 10/15€3.59M
Contributions / capital 10/11€200k
Reserves 13€3.39M
Amounts payable 17/49€268k
Amounts payable within one year 42/48€264k
Trade debts payable within one year 44€244k
Income statement
Gross operating margin 9900€219k
Operating result 9901€15k
Financial income 75€62k
Financial charges 65€62k
Result before taxes 9903€15k
Income taxes 67/77€8k
Net result for the period 9904€7k
Result to be appropriated 9905€7k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary Wholesale trade(46851)
Legal form Private limited company(610)
Incorporation08-12-1983
StatusActive
Postal code2930
Establishment units 1 location
POLYMAR BVBA
Helleweide 10, 2930 Brasschaatde groothandel in houtwaren, vlechtwerk en kurkwaren
since 19832.023.624.589
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11008G0185/00N003 Flanders 743 m² 1 · 195 m² 9.1 m · 2 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 12 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026
09-03-2026
NBB filing Annual accounts filed
fiscal year 2025 · verkort
2025
08-04-2025
NBB filing Annual accounts filed
fiscal year 2024 · verkort
04-03-2025
State Gazette act Director changes
2024
03-06-2024
NBB filing Annual accounts filed
fiscal year 2023 · verkort
2023
12-06-2023
NBB filing Annual accounts filed
fiscal year 2022 · verkort
03-05-2023
State Gazette act Registered-office change
2022
14-07-2022
NBB filing Annual accounts filed
fiscal year 2021 · micro
2021
08-07-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
2020
29-06-2020
NBB filing Annual accounts filed
fiscal year 2019 · micro
2019
14-06-2019
NBB filing Annual accounts filed
fiscal year 2018 · micro
2018
05-07-2018
NBB filing Annual accounts filed
fiscal year 2017 · micro
2017
12-07-2017
NBB filing Annual accounts filed
fiscal year 2016 · micro
Belgisch Staatsblad, acts 2 acts
Address history · 1
03-05-2023
Registered-office move
All acts · 2 updated 1 year ago
2025
04-03-2025 5 directors appointed Director changes
  • Elsje Brouw, Dagelijks bestuur
  • Carol A. Lemonte, Dagelijks bestuur
  • Philippe Van den Broecke, Dagelijks bestuur
  • Victor Burki, Dagelijks bestuur
  • Lies De Mulder, Dagelijks bestuur
Technical details 
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      "role": "dagelijks_bestuur",
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        "name": "Elsje Brouw",
        "address": "Molenstraat 46, 2940 Hoevenen, Belgi\u00EB",
        "birth_date": "1959-08-27",
        "profession": null,
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      },
      "reason": null,
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      "evidence_quote": "De enige bestuurder heeft besloten aan volgende personen: mevrouw Elsje Brouw, geboren op 27 augustus 1959 en wonende te Molenstraat 46, 2940 Hoevenen, Belgi\u00EB, te de bevoegheid toe te kennen om, namens de Vennootschap, individueel handelend en met de bevoegheid tot indeplaatsstelling, evenals de ove",
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      "kind": "delegation_dagelijks_bestuur_in",
      "role": "dagelijks_bestuur",
      "person": {
        "rrn": null,
        "name": "Carol A. Lemonte",
        "address": "Shamrock Lee Farms, 4655 47th St. Sarasota, FL 34235-3606, USA",
        "birth_date": "1946-11-25",
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      "reason": null,
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      "evidence_quote": "mevrouw Carol A. Lemonte, geboren op 25 november 1946 en woonachtig te Shamrock Lee Farms, 4655 47th St. Sarasota, FL 34235-3606, USA, te de bevoegheid toe te kennen om, namens de Vennootschap, individueel handelend en met de bevoegheid tot indeplaatsstelling, evenals de overeenkomstige bevoegheid o",
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      "evidence_quote": "De enige bestuurder heeft besloten om aan Philippe Van den Broecke, Victor Burki en Lies De Mulder, of aan elke andere advocaat van het advocatenkantoor Agio Legal BV, elk afzonderlijk handelend en met het recht van indeplaatsstelling, een volmacht te verlenen om alle documenten te ondertekenen en a",
      "decharge_status": null,
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    {
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      "role": "dagelijks_bestuur",
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      "reason": null,
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      "evidence_quote": "De enige bestuurder heeft besloten om aan Philippe Van den Broecke, Victor Burki en Lies De Mulder, of aan elke andere advocaat van het advocatenkantoor Agio Legal BV, elk afzonderlijk handelend en met het recht van indeplaatsstelling, een volmacht te verlenen om alle documenten te ondertekenen en a",
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      "rep_rotation_old_rep": null,
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    {
      "kind": "delegation_dagelijks_bestuur_in",
      "role": "dagelijks_bestuur",
      "person": {
        "rrn": null,
        "name": "Lies De Mulder",
        "address": null,
        "birth_date": null,
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        "birth_place": null
      },
      "reason": null,
      "subkind": "additional",
      "via_org": {
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      "compensated": null,
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      "evidence_quote": "De enige bestuurder heeft besloten om aan Philippe Van den Broecke, Victor Burki en Lies De Mulder, of aan elke andere advocaat van het advocatenkantoor Agio Legal BV, elk afzonderlijk handelend en met het recht van indeplaatsstelling, een volmacht te verlenen om alle documenten te ondertekenen en a",
      "decharge_status": null,
      "mandate_duration": {
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      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
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  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "mixed",
    "pub_date": "2025-03-04",
    "filing_date": "2025-02-24",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
    {
      "body": "enige_aandeelhouder_schriftelijk",
      "date": "2025-01-17",
      "unanimous": true
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0425.059.641",
    "name_full": "Polymar",
    "legal_form": "BV"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Victor Burki",
    "org_rep_person_name": null,
    "person_role_at_subject": "Lasthebber"
  },
  "co_filed_documents": [],
  "corrected_publication_numac": null
}
2023
03-05-2023 Registered office moved within Brasschaat Registered-office change
  • 2930 Brasschaat → 2930 Brasschaat, Helleweide 10
Technical details 
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        "postcode": "2930",
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      "effective_date": "2023-04-01",
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      "effective_date_qualifier": "immediate",
      "statutaire_vs_werkelijke": "statutaire",
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  ],
  "notary": {
    "name": null,
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    "firm_name": null,
    "office_city": "Antwerpen",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2023-05-03",
    "filing_date": "2023-04-19",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decision": {
    "body": "buitengewone_algemene_vergadering",
    "date": "2023-04-19",
    "unanimous": null
  },
  "subject_company": {
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    "legal_form": "BV"
  },
  "publication_proxy": {
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    "org_name": "Belgisch Staatsblad",
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}
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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Groothandel in chemische producten voor industrieel gebruik46751Groothandel in chemische producten voor industrieel gebruik46851Groothandel in chemische producten51550Groothandel in bouwmaterialen, algemeen assortiment46731Groothandel in bouwmaterialen, algemeen assortiment46831Groothandel in verf, vernis en bouwmaterialen, inclusief sanitair51532
Primary activity highlighted.
Names & trade names
Legal nameNL POLYMAR
Registered office
Helleweide 10
2930 Brasschaat, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative