POLYMER PROCESSING
ActiveSummary
POLYMER PROCESSING has been active since 1996 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €29.0m and a net result of -€45,624. Equity is shrinking by about 4.7% per year across the filed financial years. Its solvency ranks better than 47% of 845 sector peers (NACE 52, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Financials · financial year 2025, full format
Turnover
€62.4m▲ 11.3%
2024 · €56.1m
EBIT margin
0.1%▼ 0.8pp
2024 · 0.9%
Net result
-€45,624
2024 · €981,567
Working capital
-€21.0m
2024 · €4.0m
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 88% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€62.4m
2025
Operating result€0.06m
2025
Net result-€0.05m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€84.4m
2025
Equity€29.0m
2025
Debt€55.3m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€21.0m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin0.1%
2025
Return on assets (ROA)-0.1%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency34.4%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.51
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)42.4
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 52, Warehousing and support activities for transportation: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€58.2m-€52.3m▼ 10.3%€53.0m▲ 1.3%€58.2m▲ 10.0%€59.4m▲ 2.1%€57.6m▼ 3.0%€56.1m▼ 2.7%€62.4m▲ 11.3%
Operating result€1.6m--€0.8m€0.9m€1.7m▲ 80.1%-€0.4m-€1.8m▼ 343%€0.5m€0.06m▼ 87.7%
Net result€12.9m-€42.9m▲ 233%€19.3mabove the sector's middle half▼ 55.0%€2.2mabove the sector's middle half▼ 88.4%-€0.1mbelow the sector's middle half-€2.4mbelow the sector's middle half▼ 2,189%€1.0mabove the sector's middle half-€0.05mbelow the sector's middle half
EBIT margin2.8%--1.5%▼ 4.3pp1.8%▲ 3.3pp2.9%▲ 1.1pp-0.7%▼ 3.6pp-3.2%▼ 2.5pp0.9%▲ 4.1pp0.1%▼ 0.8pp
Equity€41.8m-€39.6m▼ 5.2%€28.4mabove the sector's middle half▼ 28.4%€30.7mabove the sector's middle half▲ 8.3%€30.5mabove the sector's middle half▼ 0.7%€28.1mabove the sector's middle half▼ 7.9%€29.1mabove the sector's middle half▲ 3.5%€29.0mabove the sector's middle half▼ 0.2%
Total assets€163.2m-€134.7m▼ 17.4%€99.1mabove the sector's middle half▼ 26.4%€93.7mabove the sector's middle half▼ 5.4%€92.1mabove the sector's middle half▼ 1.7%€82.1mabove the sector's middle half▼ 10.9%€81.7mabove the sector's middle half▼ 0.5%€84.4mabove the sector's middle half▲ 3.4%
Debt€121.4m-€95.0m▼ 21.7%€70.6m▼ 25.7%€62.9m▼ 11.0%€61.4m▼ 2.3%€53.8m▼ 12.4%€52.5m▼ 2.5%€55.3m▲ 5.4%
Working capital-€25.3m--€25.4m▼ 0.6%-€15.2mbelow the sector's middle half▲ 40.4%-€28.3mbelow the sector's middle half▼ 86.9%-€39.4mbelow the sector's middle half▼ 38.9%-€6.1mbelow the sector's middle half▲ 84.5%€4.0mabove the sector's middle half-€21.0mbelow the sector's middle half
Solvency25.6%-29.4%▲ 3.8pp28.6%within the sector's middle half▼ 0.8pp32.8%within the sector's middle half▲ 4.1pp33.1%within the sector's middle half▲ 0.3pp34.2%within the sector's middle half▲ 1.1pp35.6%within the sector's middle half▲ 1.4pp34.4%within the sector's middle half▼ 1.2pp
Current ratio0.42-0.37▼ 0.050.60below the sector's middle half▲ 0.230.36below the sector's middle half▼ 0.240.30below the sector's middle half▼ 0.060.72below the sector's middle half▲ 0.431.31within the sector's middle half▲ 0.590.51below the sector's middle half▼ 0.80
Return on assets (ROA)7.9%-31.8%▲ 23.9pp19.5%above the sector's middle half▼ 12.4pp2.4%within the sector's middle half▼ 17.1pp-0.1%below the sector's middle half▼ 2.5pp-3.0%below the sector's middle half▼ 2.8pp1.2%within the sector's middle half▲ 4.2pp-0.1%within the sector's middle half▼ 1.3pp
Staff (FTE)43.7-41.5▼ 5.0%39.6within the sector's middle half▼ 4.6%42.2within the sector's middle half▲ 6.6%41.6within the sector's middle half▼ 1.4%41.3within the sector's middle half▼ 0.7%42.2within the sector's middle half▲ 2.2%42.4within the sector's middle half▲ 0.5%
above
within
below
the middle half of NACE 52, Warehousing and support activities for transportation: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €84.4m
Fixed assets
€62.6m ▼ 3.0%
Current assets
€21.8m ▲ 27.6%
Equity and liabilities €84.4m
Equity
€29.0m ▼ 0.2%
Provisions
€100,278 ▼ 13.9%
Debt
€55.3m ▲ 5.4%
Debt's share of the balance-sheet total rises from 64.3% to 65.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€1.1m▼
2024 · €2.7m
Cash flow
€969,098▼
2024 · €3.2m
Debt to equity
1.91▲
2024 · 1.81
ROE
-0.2%▼
2024 · 3.4%
Interest coverage
0.77▼
2024 · 1.88
Debt ≤ 1 year
€42.8m▲
2024 · €13.0m
Debt > 1 year
€12.5m▼
2024 · €39.3m
Income taxes
-€2,234▼
2024 · €14,894
Staff costs
€3.8m▲
2024 · €3.5m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €60.3m | €61.6m | €59.6m | €57.9m | €64.8m | ▲ 12.0% |
| Turnover70 | €58.2m | €52.3m | €53.0m | €58.2m | €59.4m | €57.6m | €56.1m | €62.4m | ▲ 11.3% |
| Other operating income74 | - | - | - | €2.0m | €2.1m | €1.9m | €1.7m | €2.3m | ▲ 34.3% |
| Non-recurring operating income76A | - | - | - | €0.07m | €0.02m | €0.03m | €0.02m | €0.01m | ▼ 49.1% |
| Operating charges60/66A | - | - | - | €58.6m | €62.0m | €61.4m | €57.3m | €64.7m | ▲ 12.9% |
| Services and other goods61 | - | - | - | €51.8m | €55.1m | €54.6m | €50.5m | €57.4m | ▲ 13.6% |
| Remuneration, social security and pensions62 | - | - | - | €2.9m | €3.3m | €3.2m | €3.5m | €3.8m | ▲ 8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3.9m | €3.7m | €3.2m | €2.8m | €2.5m | €2.5m | €2.2m | €1.0m | ▼ 54.2% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €0.03m | €0.02m | -€0.005m | -€0.04m | -€0.005m | ▲ 87.5% |
| Other operating charges640/8 | - | - | - | €1.0m | €1.0m | €1.0m | €1.1m | €1.2m | ▲ 11.7% |
| Non-recurring operating charges66A | - | - | - | €0.06m | - | - | - | €1.2m | - |
| Operating profit (loss)9901 | €1.6m | -€0.8m | €0.9m | €1.7m | -€0.4m | -€1.8m | €0.5m | €0.06m | ▼ 87.7% |
| Financial income75/76B | - | - | - | €1.7m | €1.5m | €1.4m | €1.9m | €1.5m | ▼ 23.2% |
| Recurring financial income75 | €5.6m | €3.4m | €2.2m | €1.7m | €1.5m | €1.4m | €1.3m | €1.5m | ▲ 11.0% |
| Income from financial fixed assets750 | - | - | - | €1.1m | €1.1m | €1.2m | €1.3m | €1.4m | ▲ 5.1% |
| Income from current assets751 | - | - | - | €0.5m | €0.3m | €0.2m | €0.002m | - | - |
| Other financial income752/9 | - | - | - | €0.1m | €0.1m | €0.02m | €0.02m | €0.1m | ▲ 390% |
| Non-recurring financial income76B | - | - | - | - | - | €0.04m | €0.6m | - | - |
| Financial charges65/66B | - | - | - | €1.2m | €1.1m | €2.0m | €1.5m | €1.6m | ▲ 9.0% |
| Recurring financial charges65 | €2.8m | €2.0m | €1.5m | €1.2m | €1.1m | €2.0m | €1.5m | €1.4m | ▼ 4.0% |
| Debt charges650 | €2.8m | €1.9m | €1.5m | €1.2m | €1.0m | €2.0m | €1.5m | €1.4m | ▼ 4.4% |
| Other financial charges652/9 | - | - | - | €0.04m | €0.05m | €0.03m | €0.02m | €0.02m | ▲ 20.0% |
| Non-recurring financial charges66B | - | - | - | - | - | - | - | €0.2m | - |
| Profit (loss) for the period before taxes9903 | €12.9m | €43.0m | €19.3m | €2.2m | €0.005m | -€2.4m | €1.0m | -€0.06m | ▼ 106% |
| Transfer from deferred taxes780 | - | - | - | €435 | €0.003m | €0.009m | €0.01m | €0.01m | = |
| Income taxes67/77 | €0.03m | €0.009m | €0.01m | -€0.03m | €0.1m | €379 | €0.01m | -€0.002m | ▼ 115% |
| Taxes670/3 | - | - | - | - | €0.1m | €379 | €0.01m | €1 | ▼ 100.0% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €0.03m | - | - | - | €0.002m | - |
| Profit (loss) for the period9904 | €12.9m | €42.9m | €19.3m | €2.2m | -€0.1m | -€2.4m | €1.0m | -€0.05m | ▼ 105% |
| Transfer from tax-exempt reserves789 | - | - | - | €0.001m | €0.008m | €0.03m | €0.03m | €0.03m | = |
| Profit (loss) for the period to be appropriated9905 | €12.8m | €42.7m | €19.2m | €2.2m | -€0.1m | -€2.4m | €1.0m | -€0.01m | ▼ 101% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €163.2m | €134.7m | €99.1m | €93.7m | €92.1m | €82.1m | €81.7m | €84.4m | ▲ 3.4% |
| Fixed assets21/28 | €144.8m | €119.7m | €76.5m | €77.8m | €75.4m | €66.0m | €64.6m | €62.6m | ▼ 3.0% |
| Tangible fixed assets22/27 | €13.9m | €12.1m | €10.4m | €7.8m | €5.8m | €5.1m | €3.7m | €3.1m | ▼ 15.5% |
| Land and buildings22 | - | - | - | €6.1m | €4.3m | €3.9m | €2.7m | €2.1m | ▼ 21.9% |
| Plant, machinery and equipment23 | - | - | - | €1.5m | €1.4m | €1.1m | €0.8m | €0.7m | ▼ 7.0% |
| Furniture and vehicles24 | - | - | - | €0.3m | €0.2m | €0.2m | €0.3m | €0.3m | ▲ 24.3% |
| Leasing and similar rights25 | - | - | - | - | €0 | €0 | €0 | €0 | - |
| Financial fixed assets28 | €130.9m | €107.6m | €66.2m | €70.0m | €69.6m | €60.9m | €60.9m | €59.5m | ▼ 2.3% |
| Affiliated companies280/1 | - | - | - | €11.4m | €8.7m | - | €0 | €0 | - |
| Amounts receivable281 | - | - | - | €11.4m | €8.7m | - | €0 | €0 | - |
| Other financial fixed assets284/8 | - | - | - | €58.6m | €60.9m | €60.9m | €60.9m | €59.5m | ▼ 2.3% |
| Shares284 | - | - | - | €58.4m | €60.7m | €60.7m | €60.7m | €59.3m | ▼ 2.2% |
| Amounts receivable and cash guarantees285/8 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 16.0% |
| Current assets29/58 | €18.4m | €15.1m | €22.6m | €15.9m | €16.7m | €16.1m | €17.1m | €21.8m | ▲ 27.6% |
| Amounts receivable within one year40/41 | €15.8m | €13.2m | €21.3m | €15.1m | €16.0m | €15.7m | €16.5m | €21.1m | ▲ 27.4% |
| Trade receivables40 | - | - | - | €10.5m | €10.7m | €10.0m | €9.9m | €12.5m | ▲ 26.9% |
| Other amounts receivable41 | - | - | - | €4.6m | €5.3m | €5.6m | €6.7m | €8.5m | ▲ 28.2% |
| Cash at bank and in hand54/58 | €0.02m | €0.05m | €0.07m | €0.03m | €0.04m | €0.008m | €0.06m | €0.02m | ▼ 57.5% |
| Deferred charges and accrued income490/1 | - | - | - | €0.8m | €0.7m | €0.4m | €0.5m | €0.7m | ▲ 45.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €163.2m | €134.7m | €99.1m | €93.7m | €92.1m | €82.1m | €81.7m | €84.4m | ▲ 3.4% |
| Equity10/15 | €41.8m | €39.6m | €28.4m | €30.7m | €30.5m | €28.1m | €29.1m | €29.0m | ▼ 0.2% |
| Contributions10/11 | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | = |
| Capital10 | - | - | - | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | = |
| Issued capital100 | - | - | - | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | = |
| Reserves13 | €40.8m | €38.7m | €27.5m | €29.8m | €29.6m | €27.2m | €28.1m | €28.1m | ▼ 0.1% |
| Non-distributable reserves130/1 | - | - | - | €0.09m | €0.09m | €0.09m | €0.09m | €0.09m | = |
| Legal reserve130 | - | - | - | €0.09m | €0.09m | €0.09m | €0.09m | €0.09m | = |
| Tax-exempt reserves132 | - | - | - | €25.8m | €25.8m | €25.7m | €25.7m | €25.7m | ▼ 0.1% |
| Distributable reserves133 | - | - | - | €3.9m | €3.7m | €1.3m | €2.4m | €2.4m | = |
| Profit (loss) carried forward14 | - | - | - | - | - | - | - | -€0.01m | - |
| Provisions and deferred taxes16 | €0.03m | €0.09m | €0.1m | €0.2m | €0.2m | €0.2m | €0.1m | €0.1m | ▼ 13.9% |
| Provisions for liabilities and charges160/5 | - | - | - | €0.08m | €0.1m | €0.09m | €0.05m | €0.05m | ▼ 8.3% |
| Environmental obligations163 | - | - | - | - | - | €0.09m | €0.05m | €0.05m | ▼ 8.3% |
| Other liabilities and charges164/5 | - | - | - | €0.08m | €0.1m | - | - | - | - |
| Deferred taxes168 | - | - | - | €0.08m | €0.08m | €0.07m | €0.06m | €0.05m | ▼ 18.8% |
| Amounts payable17/49 | €121.4m | €95.0m | €70.6m | €62.9m | €61.4m | €53.8m | €52.5m | €55.3m | ▲ 5.4% |
| Amounts payable after more than one year17 | €77.6m | €54.4m | €32.4m | €18.5m | €5.3m | €31.5m | €39.3m | €12.5m | ▼ 68.2% |
| Financial debts170/4 | - | - | - | €18.5m | €5.3m | €31.5m | €39.3m | €12.5m | ▼ 68.2% |
| Leasing and similar obligations172 | - | - | - | €6.7m | €4.6m | €2.5m | €0.8m | - | - |
| Credit institutions173 | - | - | - | €11.8m | €0.7m | €0 | - | - | - |
| Other loans174 | - | - | - | - | - | €29.0m | €38.5m | €12.5m | ▼ 67.5% |
| Amounts payable within one year42/48 | €43.6m | €40.5m | €37.7m | €44.3m | €56.1m | €22.2m | €13.0m | €42.8m | ▲ 228% |
| Current portion of amounts payable after more than one year42 | - | - | - | €13.9m | €13.3m | €2.8m | €1.6m | €0.8m | ▼ 48.0% |
| Financial debts43 | - | - | - | - | - | - | - | €29.0m | - |
| Other loans439 | - | - | - | - | - | - | - | €29.0m | - |
| Trade debts44 | €11.5m | €10.7m | €9.5m | €8.1m | €10.5m | €12.3m | €9.0m | €12.1m | ▲ 34.2% |
| Suppliers440/4 | - | - | - | €8.1m | €10.5m | €12.3m | €9.0m | €12.1m | ▲ 34.2% |
| Taxes, remuneration and social security45 | - | - | - | €1.1m | €1.6m | €1.6m | €0.6m | €0.7m | ▲ 9.7% |
| Taxes450/3 | - | - | - | €0.6m | €1.2m | €1.0m | €0.1m | €0.1m | ▲ 5.4% |
| Remuneration and social security454/9 | - | - | - | €0.5m | €0.4m | €0.6m | €0.5m | €0.6m | ▲ 10.6% |
| Other amounts payable47/48 | - | - | - | €21.2m | €30.7m | €5.5m | €1.8m | €0.2m | ▼ 90.9% |
| Accrued charges and deferred income492/3 | - | - | - | €0.07m | €0.09m | €0.2m | €0.1m | €0.02m | ▼ 77.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12.9m | €42.9m | €19.3m | €2.2m | -€0.1m | -€2.4m | €1.0m | -€0.05m | ▼ 105% |
| + Depreciation and write-downs630 | €3.9m | €3.7m | €3.2m | €2.8m | €2.5m | €2.5m | €2.2m | €1.0m | ▼ 54.2% |
| Operating cash flow (approximation) | €16.7m | €46.6m | €22.5m | €5.0m | €2.4m | €0.08m | €3.2m | €1.0m | ▼ 69.7% |
| Investment in fixed assets (approximation) | - | €21.5m | €39.9m | -€4.1m | -€0.1m | €6.9m | -€0.8m | €0.9m | ▲ 222% |
| Change in cash | - | €0.03m | €0.02m | -€0.03m | €0.005m | -€0.03m | €0.05m | -€0.03m | ▼ 166% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Similar companies · same sector, comparable size
KALLO INDUSTRIES
BE 0451.034.360
Antwerpen · equity €28.7m
BRABO, HAVENLOODSEN EN BOOTLIEDEN
BE 0404.756.848
Antwerpen · equity €29.4m
WEST LOGISTICS
BE 0461.620.228
Laakdal · equity €30.3m
DP World Zeebrugge Terminals
BE 0471.853.134
Beveren-Kruibeke-Zwijndrecht · equity €27.7m
ANTWERP CONTAINER TERMINAL
BE 0879.709.133
Gent · equity €27.2m
Of the 267 companies in this sector, figures are known for 207. 55 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2022 to 2025 · 4 entries · €39,292 awarded · €39,292 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €8,384 | €8,384 |
| 2024 | 1 | €10,674 | €10,674 |
| 2023 | 1 | €13,490 | €13,490 |
| 2022 | 1 | €6,744 | €6,744 |
Public contracts: not fully processed yet. The notices from October 2023 to September 2026 are still being read.