POLYMAT
ActiveSummary
POLYMAT has been active since 1983 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.1m and a net result of €810,966. Equity has been stable since 2018 (±1.2% per year). Its solvency ranks better than 70% of 12,777 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 01-12-1983 Normal situation
- Activity
- Retail sale of hardware, building materials, paint and glass (general range) NACE 47521and 1 other
- Joint committee
- 201 Paritair Comité voor de zelfstandige kleinhandel · annual accounts 2025
- Establishment units
- 2.023.349.625 9000 Gent, since 01-12-1983
- 2.135.190.526 9820 Merelbeke-Melle, since 21-11-2003and 1 other
- Financial year end
- 31 December
- Peppol
- Reachable since 26-12-2025
Board and ownership
Board
- DeCuyperJanManaging director
- DeMoorAnneDirector
Shareholders
- Polymat Holding99.67%30-09-2025 annual accounts of Polymat Holding
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
Annual accounts 2025
- Gross margin
- €2.3m
- ▼ 8.4%
- Turnover
- ≈ €8.9m
- estimated
- Profit
- €810,966
- ▼ 16.0%
- Equity
- €3.1m
- ▼ 5.7%
- Total assets
- €5.5m
- ▼ 0.2%
- Employees on 31-12-2025
- 36
- ▼ 5.3%
Score breakdownlowers riskLiquidity: current ratio 2.91, cash €1.4mFounded in 1983Size: 31.4 FTE, total assets €5.5mEquity €3.1m (57.0% of total assets)Show the evidence
Checked score
Score 2025
96
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 70% of small companies in retail trade (NACE 47)
Financial strength · tick: 2024
Strong
Solvency
82-3
equity 57.0% of total assets
Liquidity
68-1
short-term debt 32.8% · cash 25.8%
Profitability
87-4
return on assets 14.8%
Bankruptcy probability within 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%highest value
01-2025: < 0.1%● unchanged vs 12-2024highest value
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: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025lowest value
07-2025: < 0.1%● unchanged vs 06-2025lowest value
08-2025: < 0.1%● unchanged vs 07-2025lowest value
09-2025: < 0.1%● unchanged vs 08-2025lowest value
10-2025: < 0.1%● unchanged vs 09-2025lowest value
11-2025: < 0.1%● unchanged vs 10-2025lowest value
12-2025: < 0.1%● unchanged vs 11-2025lowest value
01-2026: < 0.1%● unchanged vs 12-2025lowest value
02-2026: < 0.1%● unchanged vs 01-2026lowest value
03-2026: < 0.1%● unchanged vs 02-2026lowest value
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged 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%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Credit of up to €300,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.91 (3.14 in 2024), above the usual 1.5. Short-term debt is 32.8% and cash 25.8% of total assets. 43% of the assets are financed with debt and provisions.
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 47, small). It does better than 78% of them on solvency, 87% on liquidity, 89% on profitability and 26% on growth.
The bankruptcy probability was computed on 03-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-06-2026, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
53 days early
2024
69 days early
2023
100 days early
2022
94 days early
2021
27 days early
2020
121 days early
2019
99 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 80 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 23 May (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 08-06-2026 PDF all 42 filings
Turnover
€12.4m▲ 1.6%
2022 · €12.2m
EBIT margin
8.4%▼ 0.3pp
2022 · 8.7%
Net result
€810,966▼ 16.0%
2024 · €965,038
Working capital
€3.4m▼ 3.1%
2024 · €3.5m
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
no figure
2025
20182025
Operating result
€972,755
▼ 17.0%
2025
20182025
Net result
€810,966
▼ 16.0%
2025
highest quarter of the sector
20182025
EBIT margin
no figure
2025
20182025
Equity
€3.1m
▼ 5.7%
2025
highest quarter of the sector
20182025
Total assets
€5.5m
▼ 0.2%
2025
highest quarter of the sector
20182025
Debt
€2.4m
▲ 8.2%
2025
20182025
Working capital
€3.4m
▼ 3.1%
2025
highest quarter of the sector
20182025
Solvency
57.0%
▼ 3.3pp
2025
middle half of the sector
20182025
Current ratio
2.91
▼ 0.23
2025
highest quarter of the sector
20182025
Return on assets (ROA)
14.8%
▼ 2.8pp
2025
highest quarter of the sector
20182025
Staff (FTE)
31.4
▼ 0.3%
2025
highest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€11.3m-€11.8m▲ 4.9%€13.6m▲ 15.4%€13.0m▼ 4.8%€12.2m▼ 6.0%€12.4m▲ 1.6%
Operating result€0.6m-€1.0m▲ 54.9%€1.8m▲ 88.1%€1.3m▼ 30.3%€1.1m▼ 15.5%€1.0m▼ 1.6%€1.2m▲ 12.0%€1.0m▼ 17.0%
Net result€0.5m-€0.8m▲ 57.5%€1.4mabove the sector's middle half▲ 88.7%€1.0mabove the sector's middle half▼ 28.9%€0.9mabove the sector's middle half▼ 13.9%€0.9mabove the sector's middle half▼ 0.7%€1.0mabove the sector's middle half▲ 10.4%€0.8mabove the sector's middle half▼ 16.0%
EBIT margin5.5%-8.1%▲ 2.6pp13.2%▲ 5.1pp9.7%▼ 3.5pp8.7%▼ 1.0pp8.4%▼ 0.3pp
Equity€4.1m-€4.2m▲ 1.5%€3.1mabove the sector's middle half▼ 25.4%€3.2mabove the sector's middle half▲ 0.7%€3.2mabove the sector's middle half▲ 0.9%€3.3mabove the sector's middle half▲ 2.3%€3.3mabove the sector's middle half▲ 2.0%€3.1mabove the sector's middle half▼ 5.7%
Total assets€5.6m-€5.8m▲ 3.6%€7.0mabove the sector's middle half▲ 20.5%€5.3mabove the sector's middle half▼ 24.5%€5.2mabove the sector's middle half▼ 1.4%€5.4mabove the sector's middle half▲ 2.8%€5.5mabove the sector's middle half▲ 2.3%€5.5mabove the sector's middle half▼ 0.2%
Debt€1.5m-€1.6m▲ 9.6%€3.9m▲ 138%€2.2m▼ 44.8%€2.0m▼ 4.9%€2.1m▲ 3.6%€2.2m▲ 2.9%€2.4m▲ 8.2%
Working capital€3.7m-€3.9m▲ 6.9%€2.9mabove the sector's middle half▼ 26.4%€3.0mabove the sector's middle half▲ 4.2%€3.2mabove the sector's middle half▲ 6.3%€3.4mabove the sector's middle half▲ 5.2%€3.5mabove the sector's middle half▲ 4.7%€3.4mabove the sector's middle half▼ 3.1%
Solvency73.4%-71.9%▼ 1.5pp44.6%within the sector's middle half▼ 27.3pp59.4%above the sector's middle half▲ 14.9pp60.9%above the sector's middle half▲ 1.4pp60.6%above the sector's middle half▼ 0.3pp60.4%within the sector's middle half▼ 0.2pp57.0%within the sector's middle half▼ 3.3pp
Current ratio3.74-3.95▲ 0.211.81within the sector's middle half▼ 2.142.70above the sector's middle half▲ 0.892.94above the sector's middle half▲ 0.243.05above the sector's middle half▲ 0.113.14above the sector's middle half▲ 0.092.91above the sector's middle half▼ 0.23
Return on assets (ROA)8.6%-13.1%▲ 4.5pp20.5%above the sector's middle half▲ 7.4pp19.3%above the sector's middle half▼ 1.2pp16.8%above the sector's middle half▼ 2.4pp16.3%above the sector's middle half▼ 0.6pp17.5%above the sector's middle half▲ 1.3pp14.8%above the sector's middle half▼ 2.8pp
Staff (FTE)34.4-34.3▼ 0.3%36.8above the sector's middle half▲ 7.3%36.6above the sector's middle half▼ 0.5%33.7above the sector's middle half▼ 7.9%32.3above the sector's middle half▼ 4.2%31.5above the sector's middle half▼ 2.5%31.4above the sector's middle half▼ 0.3%
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). 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 17% lower than in 2024 and the lowest since 2021.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.5m
Fixed assets
€263,653 ▼ 14.4%
Current assets
€5.2m ▲ 0.7%
Equity and liabilities €5.5m
Equity
€3.1m ▼ 5.7%
Debt
€2.4m ▲ 8.2%
Debt's share of the balance-sheet total rises from 39.6% to 43.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€1.1m▼
2024 · €1.3m
Cash flow
€901,944▼
2024 · €1.1m
Quick ratio
1.14▼
2024 · 1.21
Debt to equity
0.75▲
2024 · 0.66
ROE
25.9%▼
2024 · 29.1%
Interest coverage
over 100▲
2024 · 98.47
Debt ≤ 1 year
€1.8m▲
2024 · €1.7m
Debt > 1 year
€22,181▼
2024 · €36,615
Income taxes
€273,630▼
2024 · €327,682
Staff costs
€1.2m▲
2024 · €1.2m
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 | 34 | 40 | 41 | 38 | 36 |
| full-time | 21 | 20 | 19 | 25 | 23 |
| part-time | 13 | 20 | 22 | 13 | 13 |
| in full-time equivalents | 30.3 | 30.9 | 30.7 | 31.5 | 29.5 |
| Average over the year, in full-time equivalents | 36.6 | 33.7 | 32.3 | 31.5 | 31.4 |
| On a permanent contract | 34 | 31 | 23 | 24 | 25 |
| Joined | 26 | 37 | 21 | 18 | 13 |
| Left | 31 | 31 | 20 | 21 | 15 |
| Agency workers, average number | 1.4 | 1 | 0.5 | - | - |
| Training hours | - | 84 | - | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €118,762 | €4,278 | €127,678 | €58,009 | €37,987 |
| Intangible fixed assets | €15,000 | €15,000 | €13,750 | €16,500 | €8,550 |
| Financial fixed assets | - | - | - | - | €0 |
| Depreciation and write-downs of the year | €175,913 | €163,040 | €151,145 | €113,747 | €90,978 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 9 entries · €30,203 awarded · €30,203 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 3 | €7,267 | €7,267 |
| 2024 | 2 | €7,363 | €12,533 |
| 2023 | 2 | €8,398 | €8,398 |
| 2022 | 2 | €7,175 | €2,005 |
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €13.0m | €12.2m | €12.4m | - | - | - |
| Turnover70 | €11.3m | €11.8m | €13.6m | €13.0m | €12.2m | €12.4m | - | - | - |
| Other operating income74 | - | - | - | €0.02m | €0.03m | €0.03m | - | - | - |
| Non-recurring operating income76A | - | - | - | €0 | - | - | €0.002m | €0.007m | ▲ 201% |
| Operating charges60/66A | - | - | - | €11.7m | €11.2m | €11.4m | - | - | - |
| Goods for resale, raw materials and consumables60 | - | - | - | €8.5m | €7.9m | €8.3m | - | - | - |
| Purchases600/8 | - | - | - | €9.1m | €8.4m | €8.2m | - | - | - |
| Change in stocks: decrease (increase)609 | - | - | - | -€0.6m | -€0.5m | €0.1m | - | - | - |
| Services and other goods61 | - | - | - | €1.9m | €1.9m | €1.7m | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | ▲ 0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | €0.09m | ▼ 20.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0.06m | €0.05m | -€0.01m | -€0.005m | -€0.001m | ▲ 74.2% |
| Other operating charges640/8 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | ▼ 5.5% |
| Gross operating margin9900 | - | - | - | - | - | - | €2.5m | €2.3m | ▼ 8.4% |
| Operating profit (loss)9901 | €0.6m | €1.0m | €1.8m | €1.3m | €1.1m | €1.0m | €1.2m | €1.0m | ▼ 17.0% |
| Financial income75/76B | - | - | - | €0.2m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 11.7% |
| Recurring financial income75 | €0.1m | €0.1m | €0.1m | €0.2m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 11.7% |
| Income from current assets751 | - | - | - | €37 | €41 | €0.01m | - | - | - |
| Other financial income752/9 | - | - | - | €0.2m | €0.1m | €0.1m | - | - | - |
| Financial charges65/66B | - | - | - | €0.03m | €0.03m | €0.02m | €0.01m | €0.007m | ▼ 47.3% |
| Recurring financial charges65 | €0.04m | €0.008m | €0.03m | €0.03m | €0.03m | €0.02m | €0.01m | €0.007m | ▼ 47.3% |
| Debt charges650 | €0.001m | €0.003m | €0.002m | €0.002m | €0.001m | €0.002m | - | - | - |
| Other financial charges652/9 | - | - | - | €0.03m | €0.02m | €0.02m | - | - | - |
| Profit (loss) for the period before taxes9903 | €0.7m | €1.1m | €1.9m | €1.4m | €1.2m | €1.2m | €1.3m | €1.1m | ▼ 16.1% |
| Income taxes67/77 | €0.2m | €0.3m | €0.5m | €0.4m | €0.3m | €0.3m | €0.3m | €0.3m | ▼ 16.5% |
| Taxes670/3 | - | - | - | €0.4m | €0.3m | €0.3m | - | - | - |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €0 | €0.001m | €0 | - | - | - |
| Profit (loss) for the period9904 | €0.5m | €0.8m | €1.4m | €1.0m | €0.9m | €0.9m | €1.0m | €0.8m | ▼ 16.0% |
| Profit (loss) for the period to be appropriated9905 | €0.5m | €0.8m | €1.4m | €1.0m | €0.9m | €0.9m | €1.0m | €0.8m | ▼ 16.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €5.6m | €5.8m | €7.0m | €5.3m | €5.2m | €5.4m | €5.5m | €5.5m | ▼ 0.2% |
| Fixed assets21/28 | €0.6m | €0.6m | €0.5m | €0.5m | €0.4m | €0.3m | €0.3m | €0.3m | ▼ 14.4% |
| Intangible fixed assets21 | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | €0.03m | ▼ 16.1% |
| Tangible fixed assets22/27 | €0.6m | €0.5m | €0.5m | €0.5m | €0.3m | €0.3m | €0.3m | €0.2m | ▼ 14.2% |
| Plant, machinery and equipment23 | - | - | - | €0.01m | €0.009m | €0.006m | €0.004m | €0.02m | ▲ 500% |
| Furniture and vehicles24 | - | - | - | €0.2m | €0.1m | €0.07m | €0.07m | €0.05m | ▼ 32.8% |
| Other tangible fixed assets26 | - | - | - | €0.3m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 17.8% |
| Financial fixed assets28 | €300 | €300 | €300 | €300 | €300 | €300 | €300 | €300 | = |
| Other financial fixed assets284/8 | - | - | - | €300 | €300 | €300 | - | - | - |
| Amounts receivable and cash guarantees285/8 | - | - | - | €300 | €300 | €300 | - | - | - |
| Current assets29/58 | €5.0m | €5.3m | €6.5m | €4.8m | €4.9m | €5.0m | €5.2m | €5.2m | ▲ 0.7% |
| Stocks and contracts in progress3 | €2.4m | €2.3m | €2.3m | €2.9m | €3.3m | €3.2m | €3.2m | €3.2m | ▼ 0.3% |
| Stocks30/36 | - | - | - | €2.9m | €3.3m | €3.2m | €3.2m | €3.2m | ▼ 0.3% |
| Goods purchased for resale34 | - | - | - | €2.9m | €3.3m | €3.2m | - | - | - |
| Amounts receivable within one year40/41 | €0.4m | €0.3m | €0.4m | €0.6m | €0.5m | €0.5m | €0.6m | €0.6m | ▲ 6.2% |
| Trade receivables40 | - | - | - | €0.5m | €0.5m | €0.5m | €0.6m | €0.6m | ▲ 6.0% |
| Other amounts receivable41 | - | - | - | €0.1m | €94 | €0.03m | €94 | €0.001m | ▲ 14× |
| Current investments50/53 | €0.2m | €0 | - | - | €0.5m | €0.3m | €0 | - | - |
| Other investments51/53 | - | - | - | - | €0.5m | €0.3m | - | - | - |
| Cash at bank and in hand54/58 | €2.1m | €2.6m | €3.7m | €1.3m | €0.6m | €0.9m | €1.4m | €1.4m | ▲ 1.4% |
| Deferred charges and accrued income490/1 | - | - | - | €0.02m | €0.01m | €0.01m | €0.02m | €0.01m | ▼ 49.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €5.6m | €5.8m | €7.0m | €5.3m | €5.2m | €5.4m | €5.5m | €5.5m | ▼ 0.2% |
| Equity10/15 | €4.1m | €4.2m | €3.1m | €3.2m | €3.2m | €3.3m | €3.3m | €3.1m | ▼ 5.7% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | = |
| Non-distributable reserves130/1 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Other1319 | - | - | - | €0.009m | €0.009m | €0.009m | €0.009m | €0.009m | = |
| Tax-exempt reserves132 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Distributable reserves133 | - | - | - | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Profit (loss) carried forward14 | €4.0m | €4.1m | €3.0m | €3.0m | €3.0m | €3.1m | €3.2m | €3.0m | ▼ 5.9% |
| Amounts payable17/49 | €1.5m | €1.6m | €3.9m | €2.2m | €2.0m | €2.1m | €2.2m | €2.4m | ▲ 8.2% |
| Amounts payable after more than one year17 | - | €0.06m | €0.04m | €0.02m | €0.002m | €0.05m | €0.04m | €0.02m | ▼ 39.4% |
| Financial debts170/4 | - | - | - | €0.02m | €0.002m | €0.05m | €0.04m | €0.02m | ▼ 39.4% |
| Credit institutions173 | - | - | - | €0.02m | €0.002m | €0.05m | - | - | - |
| Amounts payable within one year42/48 | €1.3m | €1.3m | €3.6m | €1.8m | €1.7m | €1.6m | €1.7m | €1.8m | ▲ 8.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.02m | €0.02m | €0.02m | €0.01m | €0.01m | ▲ 1.9% |
| Trade debts44 | €0.5m | €0.3m | €0.7m | €0.4m | €0.5m | €0.5m | €0.3m | €0.3m | ▲ 6.0% |
| Suppliers440/4 | - | - | - | €0.4m | €0.5m | €0.5m | €0.3m | €0.3m | ▲ 6.0% |
| Advances received on contracts in progress46 | - | - | - | €0.04m | €0.06m | €0.06m | €0.05m | €0.05m | ▼ 0.4% |
| Taxes, remuneration and social security45 | - | - | - | €0.3m | €0.2m | €0.3m | €0.3m | €0.4m | ▲ 6.7% |
| Taxes450/3 | - | - | - | €0.1m | €0.09m | €0.2m | €0.2m | €0.2m | ▲ 9.7% |
| Remuneration and social security454/9 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 2.6% |
| Other amounts payable47/48 | - | - | - | €1.0m | €0.9m | €0.8m | €0.9m | €1.0m | ▲ 11.0% |
| Accrued charges and deferred income492/3 | - | - | - | €0.4m | €0.4m | €0.4m | €0.5m | €0.5m | ▲ 9.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.5m | €0.8m | €1.4m | €1.0m | €0.9m | €0.9m | €1.0m | €0.8m | ▼ 16.0% |
| + Depreciation and write-downs630 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | €0.09m | ▼ 20.0% |
| Operating cash flow (approximation) | €0.7m | €0.9m | €1.6m | €1.2m | €1.0m | €1.0m | €1.1m | €0.9m | ▼ 16.4% |
| Investment in fixed assets (approximation) | - | -€0.1m | -€0.2m | -€0.1m | -€0.02m | -€0.1m | -€0.07m | -€0.05m | ▲ 37.5% |
| Change in cash | - | €0.5m | €1.1m | -€2.4m | -€0.7m | €0.4m | €0.5m | €0.02m | ▼ 95.9% |
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, 20,136 companies had the same profile as POLYMAT has now. Two years later, 95.0% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.0%
was still going
4.7%
stopped otherwise
0.2%
went bankrupt
That fits the bankruptcy probability of POLYMAT itself: < 0.1% 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 20,136 companies, not a prediction for POLYMAT. 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 42 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 08-06-2026 | 2026-00148891 | |
| 31-12-2024 | abbreviated format | 23-05-2025 | 2025-00110091 | |
| 31-12-2023 | full format | 22-04-2024 | 2024-00067525 | |
| 31-12-2022 | full format | 28-04-2023 | 2023-00080466 | |
| 31-12-2021 | full format | 04-07-2022 | 2022-20123039 | |
| 31-12-2020 | full format | 01-04-2021 | 2021-09600206 | |
| 31-12-2019 | full format | 23-04-2020 | 2020-09700006 | |
| 31-12-2018 | full format | 14-05-2019 | 2019-13000229 | |
| 31-12-2017 | full format | 11-06-2018 | 2018-17500586 | |
| 31-12-2016 | full format | 25-07-2017 | 2017-37900290 |
Board & ownership
Directors
Directors
2 directors, 1 in day-to-day management, last change in 2025
Board 2
DeCuyperJan
Current
Director · in office according to the act of 30-10-2025 · listed in the 2025 annual accounts, filed on 08-06-2026
DeMoorAnne
Current
Director · in office according to the act of 30-10-2025 · listed in the 2025 annual accounts, filed on 08-06-2026
Day-to-day management 1
DeCuyperJan
Current
Gedelegeerdbestuurder · in office according to the act of 30-10-2025
Owners and capital
Shareholders
1 ownerChain of control
- Polymat Holding
- POLYMAT
Owners 1
- Polymat HoldingparentEquity €13.5m Profit of €1.0m in 2025 (profit of €964,349 in 2024)99.67%
Mandate history
2 people, 2 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| DeCuyperJan |
|
| DeMoorAnne |
|
Network & group
Companies at the same address
2 other companiesConnections & network
2 current directorsThe network starts from the directors of POLYMAT. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
08-06
abbreviated format · 53 days before the deadline
2025
30-10
Gazette deed
Reappointments: DeCuyperJan (director) and DeMoorAnne (director)5 points ▸
Gazette deed
Reappointments: DeCuyperJan (director) and DeMoorAnne (director)
5 points ▸
- General meeting, 10-05-2025
- Board meeting, 10-05-2025
- Director reappointment, DeCuyperJan (director)
- Director reappointment, DeMoorAnne (director)
- Director reappointment, DeCuyperJan (gedelegeerdbestuurder)
23-05
abbreviated format · 69 days before the deadline
2024
22-04
full format · 100 days before the deadline
2023
28-04
full format · 94 days before the deadline
2022
04-07
full format · 27 days before the deadline
2021
01-04
full format · 121 days before the deadline
2020
31-12
Financial
Highest result from 2018 to 2025net €1.4m ▲88.7%
The operating result of €1.8m and the net result of €1.4m are both a record.
23-04
full format · 99 days before the deadline
2019
14-05
full format · 78 days before the deadline
2018
11-06
full format · 50 days before the deadline
2017
25-07
full format · 6 days before the deadline
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
POLYMAT in Dutch
Enterprise number
0424.851.189
Legal form
Public limited company
Status
Active, normale toestand
Founded
01-12-1983
Entity type
Legal entity
Registered office and establishments
Registered office
Ottergemsesteenweg 248, 9000 Gent, Belgium
Establishment units
POLYMAT, Ottergemsesteenweg 248, 9000 Gent since 01-12-1983 · unit number 2.023.349.62547120 Other non-specialised retail sale
Polymat, Hundelgemsesteenweg 25, 9820 Merelbeke-Melle since 21-11-2003 · unit number 2.135.190.52647120 Other non-specialised retail sale
Polymat, Oude Westtragel 1a, 9060 Zelzate since 02-04-2014 · unit number 2.231.021.87347120 Other non-specialised retail sale
Activities
NACEBEL 2025VAT activities
47521
Retail sale of hardware, building materials, paint and glass (general range) main activity
Social security (RSZ) activities
47120
Other non-specialised retail sale main activity
Codes under NACEBEL 2008
VAT activities
47521
Retail trade main activity
Social security (RSZ) activities
47191
Retail trade main activity
Codes under NACEBEL 2003
VAT activities
52461
main activity
Social security (RSZ) activities
52122
main activity
Joint committee
201 Paritair Comité voor de zelfstandige kleinhandel annual accounts 2025
Invoicing and payment
VAT number
BE 0424.851.189
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Recognitions · licences · registrations
Food safety, FASFC
3 sitesGentunit number 2.023.349.625
Merelbeke-Melleunit number 2.135.190.526
Zelzateunit number 2.231.021.873
Dual-learning approval
11 live approvals · 12 endedCommercieel assistent (vwo)
Commercieel assistent (vwo)
Commercieel assistent duaal (so)
Commercieel assistent duaal (so)
Commerciële organisatie duaal (so)
Commerciële organisatie duaal (so)
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Onthaal, organisatie en sales duaal (so)
Winkelmedewerker (vwo)
Winkelmedewerker (vwo)
Winkelmedewerker duaal (so)
Winkelmedewerker duaal (so)
Show 12 ended approvals
Aanvuller (so)
Aanvuller (so)
Kassier (so)
Winkelbediende (so)
Winkelmedewerker (vwo)
Winkelmedewerker duaal (so)
Aanvuller (so)
Kassier (so)
Verkoper (so)
Winkelbediende (so)
Winkelmedewerker (vwo)
Winkelmedewerker duaal (so)
Sites & property
Location
Buildings and parcels at the addresses
Ground area
9,405 m²
Building footprint
4,982 m²
Building volume
31,906 m³
Tallest building: 9.1 m.
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44043A0184/00M007 | Flanders | 5,851 m² | 1 · 2,028 m² | 9.1 m · 2 |
| 44808H0210/00Z000 | Flanders | 3,341 m² | 1 · 2,725 m² | 8.5 m · 2 |
| 43018D0825/00N002 | Flanders | 213 m² | 1 · 229 m² | 8.7 m · 2 |