POLYMER PROCESSING
The computed 12-month bankruptcy probability of POLYMER PROCESSING is 0.7% (low). The 2024 annual accounts show equity of €29.05M and a net result of €982k. Equity is shrinking by ~5.9% per year across the filed fiscal years. Its solvency ranks better than 60% of 100 sector peers (fiscal year 2024). The company has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €29.05M |
| Net result | €982k |
| Staff (FTE) | 42.2 |
| Better than sector | 60% |
Strong profile, led by stability.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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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).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 35.6% | 26.9% | |
| Net result | €982k | €33k | |
| Equity | €29.05M | €388k | |
| Staff costs | €3.54M | €666k | |
| Employees (FTE) | 42.2 | 15.7 |
| Fiscal year | 2024 |
|---|---|
| Revenue | €56.11M |
| EBITDA | €2.74M |
| Net profit | €982k |
| Cash flow | €3.20M |
| Staff costs | €3.54M |
| Income taxes | €15k |
| Dividends | - |
| Total assets | €81.67M |
| Equity | €29.05M |
| Debt | €52.50M |
| of which ≤ 1y | €13.04M |
| of which > 1y | €39.35M |
| Working capital | €4.04M |
| Employees (FTE) | 42.2 |
| 2024 | |
|---|---|
| Current ratio | 1.31 |
| Quick ratio | 1.31 |
| Working capital ratio | 4.9% |
| Solvency | 35.6% |
| Debt / equity | 1.81 |
| Long-term debt ratio | 1.35 |
| Interest coverage | 1.88 |
| Gross margin | - |
| Net margin | 1.7% |
| ROA | 1.2% |
| ROE | 3.4% |
| EBITDA margin | 4.9% |
| Days sales outstanding | 64d |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €81.67M |
| Fixed assets | 21/28 | €64.58M |
| Tangible fixed assets | 22/27 | €3.70M |
| Financial fixed assets | 28 | €60.88M |
| Current assets | 29/58 | €17.08M |
| Amounts receivable within one year | 40/41 | €16.54M |
| Cash & bank | 54/58 | €58k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €81.67M |
| Equity | 10/15 | €29.05M |
| Contributions / capital | 10/11 | €912k |
| Reserves | 13 | €28.14M |
| Provisions & deferred taxes | 16 | €116k |
| Amounts payable | 17/49 | €52.50M |
| Amounts payable after one year | 17 | €39.35M |
| Amounts payable within one year | 42/48 | €13.04M |
| Trade debts payable within one year | 44 | €9.03M |
| Income statement | ||
| Turnover | 70 | €56.11M |
| Operating result | 9901 | €528k |
| Financial income | 75 | €1.34M |
| Financial charges | 65 | €1.48M |
| Result before taxes | 9903 | €985k |
| Income taxes | 67/77 | €15k |
| Net result for the period | 9904 | €982k |
| Result to be appropriated | 9905 | €1.02M |
| NACE primary | 52241 |
| Legal form | Public limited company(014) |
| Incorporation | 22-03-1996 |
| Status | Active |
| Postal code | 9130 |
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.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46010A0491/00X000 | Flanders | 7.8 ha | - | - |
| 46010A0294/00V000 | Flanders | 7.4 ha | 1 · 3.3 ha | 12.7 m |
| 46010D0416/00C000 | Flanders | 4.2 ha | 1 · 2.1 ha | 31.0 m · 4 fl. |
| 46010E0345/00L002 | Flanders | 2.9 ha | 1 · 2.1 ha | 16.9 m · 3 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
15-01-2024 Registered office moved from Beveren-Kallo to Kallo - Beveren
- Haandorpweg 1 - Haven 1229, 9130 Beveren-Kallo → Ketenislaan 1 - Haven 1548, 9130 Kallo - Beveren
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "Ketenislaan 1 - Haven 1548, 9130 Kallo - Beveren",
"city": "Kallo - Beveren",
"region": "vlaams_gewest",
"street": "Ketenislaan",
"country": "BE",
"postcode": "9130",
"box_number": "Haven 1548",
"street_number": "1",
"locality_suffix": null
},
"old_address": {
"raw": "Haandorpweg 1 - Haven 1229, 9130 Beveren-Kallo",
"city": "Beveren-Kallo",
"region": "vlaams_gewest",
"street": "Haandorpweg",
"country": "BE",
"postcode": "9130",
"box_number": "Haven 1229",
"street_number": "1",
"locality_suffix": null
},
"effective_date": "2023-11-16",
"evidence_quote": "De vergadering heeft beslist om met ingang van 16 november 2023 de maatschappelijke zetel en de exploitatiezetel te verplaatsen naar: Ketenislaan 1 - Haven 1548, 9130 Kallo - Beveren",
"region_changed": false,
"is_statute_change": false,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "absolute",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
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}
],
"notary": {
"name": "brisk tax \u0026 finance BV",
"firm_city": null,
"firm_name": null,
"office_city": "Berchem",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2024-01-15",
"filing_date": "2023-11-20",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "raad_van_bestuur",
"date": "2023-11-16",
"unanimous": true
},
"subject_company": {
"kbo": "0457.525.145",
"name_full": "Polymer Processing",
"legal_form": "naamloze vennootschap"
},
"publication_proxy": {
"kind": "org",
"org_kbo": "2600.000.000",
"org_name": "brisk tax \u0026 finance BV",
"person_name": null,
"org_rep_person_name": "Philippe Versweyveld",
"person_role_at_subject": null
},
"co_filed_documents": [
"Formulier voor publicatie in de bijlagen tot het Belgisch Staatsblad"
]
}22-12-2023 Fabian Leroy resigns as director
- Fabian Leroy, Bestuurder
Technical details
{
"events": [
{
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"role": "bestuurder",
"person": {
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"name": "Fabian Leroy",
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],
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},
"subject_company": {
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"name_full": "Polymer Processing"
}
}06-11-2023 Articles of association amended
Technical details
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"object_change": {
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},
"subject_company": {
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},
"legal_form_change": {
"new": "Naamloze vennootschap",
"old": "Naamloze vennootschap",
"changed": false
}
}23-08-2023 Ronald Van den Ecker appointed as statutory auditor
- Ronald Van den Ecker, Commissaris
Technical details
{
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}17-08-2023 Bob Carlier appointed as bijkomend bestuurder
- Bob Carlier, Bijkomend bestuurder
Technical details
{
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}13-02-2023 Charlotte Vangramberen appointed as bijkomend bestuurder
- Charlotte Vangramberen, Bijkomend bestuurder
Technical details
{
"events": [
{
"kind": "director_in",
"role": "bijkomend bestuurder",
"person": {
"rrn": null,
"name": "Charlotte Vangramberen",
"address": null,
"birth_date": null
}
}
],
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"subject_company": {
"kbo": "0457.525.145",
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}21-10-2022 4 directors appointed
- Ivo Creton, Bestuurder
- Stefaan Vanhoutte, Bestuurder
- Fabian Leroy, Bestuurder
- Suzanna Van Goethem, Bestuurder
Technical details
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{
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{
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"person": {
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"name": "Suzanna Van Goethem",
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],
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"subject_company": {
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}02-09-2020 Ronald Van den Ecker appointed as statutory auditor
- Ronald Van den Ecker, Commissaris
Technical details
{
"events": [
{
"kind": "director_in",
"role": "commissaris",
"person": {
"rrn": null,
"name": "Ronald Van den Ecker",
"address": null,
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],
"schema": "v3.2",
"act_meta": {
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"subject_company": {
"kbo": "0457.525.145",
"name_full": "Polymer Processing"
}
}28-11-2019 Tim Peeters resigns as director
- Tim Peeters, Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Tim Peeters",
"address": null,
"birth_date": null
}
}
],
"schema": "v3.2",
"act_meta": {
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},
"subject_company": {
"kbo": "0457.525.145",
"name_full": "Polymer Processing"
}
}18-09-2018 Tim Peeters appointed as bijkomend bestuurder
- Tim Peeters, Bijkomend bestuurder
Technical details
{
"events": [
{
"kind": "director_in",
"role": "bijkomend bestuurder",
"person": {
"rrn": null,
"name": "Tim Peeters",
"address": null,
"birth_date": null
}
}
],
"schema": "v3.2",
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"subject_company": {
"kbo": "0457.525.145",
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}
}11-08-2017 Ronald Van den Ecker appointed as statutory auditor
- Ronald Van den Ecker, Commissaris
Technical details
{
"events": [
{
"kind": "director_in",
"role": "commissaris",
"person": {
"rrn": null,
"name": "Ronald Van den Ecker",
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],
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},
"subject_company": {
"kbo": "0457.525.145",
"name_full": "Polymer Processing"
}
}13-04-2017 Publication in the Belgian Official Gazette, Minor change
Technical details
{
"notary": {
"name": "Stephane Van Roosbroeck",
"firm_city": null,
"firm_name": null,
"office_city": "Boechout",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2017-04-13",
"filing_date": "2017-03-28",
"act_kind_objet": "verbatim"
},
"decision": {
"body": "buitengewone_algemene_vergadering",
"date": "2017-03-28",
"unanimous": true
},
"agm_change": null,
"detected_kind": "other_address_change",
"other_address": {
"action": "modified",
"purpose": "statutaire_zetel",
"address_new": "Haandorpweg 1 - Haven 1229, 9130 Beveren (Kallo)",
"address_old": "Haandorpweg 1 - Haven 1229, 9130 Beveren (Kallo)",
"effective_date": "2017-03-30",
"effective_date_is_approximate": false
},
"mandate_renewal": null,
"subject_company": {
"kbo": "0457.525.145",
"name_full": "Polymer Processing",
"legal_form": "naamloze vennootschap"
},
"accounts_deposit": null,
"publication_proxy": {
"kind": "none",
"org_kbo": null,
"org_name": null,
"person_name": null,
"org_rep_person_name": null
},
"co_filed_documents": [
"afschrift pv",
"verslag commissaris",
"geco\u00F6rdineerde statuten",
"verslag raad van bestuur",
"staat actief en passief"
],
"fiscal_year_change": null,
"liquidation_closure": null,
"officer_designation": null,
"special_procuration": null,
"is_volet_a_only_stub": false,
"vakbekwaamheid_change": null,
"should_reroute_to_category": null,
"single_shareholder_declaration": null
}11-10-2016 4 directors appointed
- Ivo Creton, Bestuurder
- Stefan Vanhoutte, Bestuurder
- Fabian Leroy, Bestuurder
- Suzanna Van Goethem, Bestuurder
Technical details
{
"events": [
{
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{
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{
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}
],
"schema": "v3.2",
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},
"subject_company": {
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}
}07-01-2016 Capital increase of €62,000 to €912,000
- €850.000 → €912.000
- Inbreng in geld · Apport en numéraire
Technical details
{
"events": [
{
"kind": "capital_increase",
"after_eur": 912000,
"delta_eur": 62000,
"before_eur": 850000,
"contribution_type": "geld"
}
],
"schema": "v3.2",
"act_meta": {
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"subject_company": {
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}
}16-06-2015 1 director appointed, 1 resigning
- Ivo Creton, Bestuurder
- Miguel Baert, Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Miguel Baert",
"address": null,
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}
},
{
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],
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"subject_company": {
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}
}21-03-2011 Miguel Baert appointed as bijkomend bestuurder
- Miguel Baert, Bijkomend bestuurder
Technical details
{
"events": [
{
"kind": "director_in",
"role": "bijkomend bestuurder",
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],
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"subject_company": {
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}
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | POLYMER PROCESSING |