Skip to content

POLYMER PROCESSING

Active
Public limited companyfounded 1996active for 30 yearsKetenislaan(KAL) 1, 9130 Beveren-Kruibeke-Zwijndrecht, BelgiumKBO/BCE: BE 0457.525.145
Summary

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).

Overview

Activity
Warehousing and support activities for transportation
NACE 52241
3 sites
Size
€62.4mturnover 2025
Staff
42.4 FTE
Equity
€29.0m
Loss
-€45,624
Financial health
80 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.5%
Structure
Parent
Katoen Natie International SA · 100%
Auditor: Ernst & Young BedrijfsrevisorenAccounts 18 days early1 of 24 deeds read
Why 80raises riskLiquidity: current ratio 0.51, cash €24,462, halvedSector: Warehousing and support activities for transportation (NACE 52)lowers riskFounded in 1996Size: turnover €62.4m, 42.4 FTE, total assets €84.4mShow the evidence

Checked score

Score 2025
80 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 35% of its sector peers (NACE 52, small)
Financial strength · tick = 2024
Weak
Solvency 59-2
equity 34.4% of total assets
Liquidity 25-21
short-term debt 50.7% · cash 0.0%
Profitability 26-11
return on assets -0.1%
Bankruptcy probability, 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (598 companies, NACE 52, small)
Last 24 months 11-2024: 0.9% 12-2024: 0.9%● unchanged vs 11-2024 01-2025: 0.9%● unchanged vs 12-2024 02-2025: 0.8%▼ -0.1 percentage points vs 01-2025 03-2025: 0.8%● unchanged vs 02-2025 04-2025: 0.9%▲ +0.1 percentage points vs 03-2025 05-2025: 1.1%▲ +0.2 percentage points vs 04-2025 06-2025: 1.1%● unchanged vs 05-2025 07-2025: 1.1%● unchanged vs 06-2025highest value 08-2025: 0.7%▼ -0.4 percentage points vs 07-2025 09-2025: 0.7%● unchanged vs 08-2025 10-2025: 0.7%● unchanged vs 09-2025 11-2025: 0.7%● unchanged vs 10-2025 12-2025: 0.7%● unchanged vs 11-2025 01-2026: 0.7%● unchanged vs 12-2025 02-2026: 0.4%▼ -0.3 percentage points vs 01-2026lowest value 03-2026: 0.4%● unchanged vs 02-2026 04-2026: 0.5%▲ +0.1 percentage points vs 03-2026 05-2026: 0.5%● unchanged vs 04-2026 06-2026: 0.5%● unchanged vs 05-2026 07-2026: 0.5%● unchanged vs 06-2026 08-2026: 0.5%● unchanged vs 07-2026 09-2026: 0.5%● unchanged vs 08-2026 10-2026: 0.5%● unchanged vs 09-2026
Credit of up to €2,300,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.51, compared with 1.31 in 2024; short-term debt: 50.7% and cash: 0% of total assets), and 65.6% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 52, small): better than 51% on solvency, 21% on liquidity, 17% on profitability and 53% on growth.

The bankruptcy probability was computed on 10-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Five signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 0.51, cash €24,462, halved
NBB · annual accounts
lowers risk · Founded in 1996
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
raises risk · Sector: Warehousing and support activities for transportation (NACE 52)
KBO
lowers risk · Size: turnover €62.4m, 42.4 FTE, total assets €84.4m
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
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 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
18 days early
2024
30 days early
2023
1 day early
2022
21 days late
2021
2 days late
2020
1 day early
2019
11 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 2 days before the deadline; the sector median (NACE 52) for financial year 2024 is 8 days before the deadline, and 36% 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 31 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
11-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Reappointment: Ernst & Young Bedrijfsrevisoren (statutory…Permanent representative: Ronald Van den…
  2. Annual accounts filedfinancial year 2025 · full…
  3. Annual accounts filedfinancial year 2024 · full…

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

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
2025 value · change against 2024
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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 85 lines
Balance sheet Code20242025
Assets
Total assets20/58€81.7m€84.4m▲
Fixed assets21/28€64.6m€62.6m▼
Tangible fixed assets22/27€3.7m€3.1m▼
Land and buildings22€2.7m€2.1m▼
Plant, machinery and equipment23€0.8m€0.7m▼
Furniture and vehicles24€0.3m€0.3m▲
Leasing and similar rights25€0€0=
Financial fixed assets28€60.9m€59.5m▼
Affiliated companies280/1€0€0=
Amounts receivable281€0€0=
Other financial fixed assets284/8€60.9m€59.5m▼
Shares284€60.7m€59.3m▼
Amounts receivable and cash guarantees285/8€0.2m€0.2m▼
Current assets29/58€17.1m€21.8m▲
Amounts receivable within one year40/41€16.5m€21.1m▲
Trade receivables40€9.9m€12.5m▲
Other amounts receivable41€6.7m€8.5m▲
Cash at bank and in hand54/58€0.06m€0.02m▼
Deferred charges and accrued income490/1€0.5m€0.7m▲
Equity and liabilities
Total equity and liabilities10/49€81.7m€84.4m▲
Equity10/15€29.1m€29.0m▼
Contributions10/11€0.9m€0.9m=
Capital10€0.9m€0.9m=
Issued capital100€0.9m€0.9m=
Reserves13€28.1m€28.1m▼
Non-distributable reserves130/1€0.09m€0.09m=
Legal reserve130€0.09m€0.09m=
Tax-exempt reserves132€25.7m€25.7m▼
Distributable reserves133€2.4m€2.4m=
Profit (loss) carried forward14--€0.01m
Provisions and deferred taxes16€0.1m€0.1m▼
Provisions for liabilities and charges160/5€0.05m€0.05m▼
Environmental obligations163€0.05m€0.05m▼
Deferred taxes168€0.06m€0.05m▼
Amounts payable17/49€52.5m€55.3m▲
Amounts payable after more than one year17€39.3m€12.5m▼
Financial debts170/4€39.3m€12.5m▼
Leasing and similar obligations172€0.8m-
Other loans174€38.5m€12.5m▼
Amounts payable within one year42/48€13.0m€42.8m▲
Current portion of amounts payable after more than one year42€1.6m€0.8m▼
Financial debts43-€29.0m
Other loans439-€29.0m
Trade debts44€9.0m€12.1m▲
Suppliers440/4€9.0m€12.1m▲
Taxes, remuneration and social security45€0.6m€0.7m▲
Taxes450/3€0.1m€0.1m▲
Remuneration and social security454/9€0.5m€0.6m▲
Other amounts payable47/48€1.8m€0.2m▼
Accrued charges and deferred income492/3€0.1m€0.02m▼
Income statement Code20242025
Operating income70/76A€57.9m€64.8m▲
Turnover70€56.1m€62.4m▲
Other operating income74€1.7m€2.3m▲
Non-recurring operating income76A€0.02m€0.01m▼
Operating charges60/66A€57.3m€64.7m▲
Services and other goods61€50.5m€57.4m▲
Remuneration, social security and pensions62€3.5m€3.8m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2.2m€1.0m▼
Provisions for liabilities and charges: additions (uses and reversals)635/8-€0.04m-€0.005m▲
Other operating charges640/8€1.1m€1.2m▲
Non-recurring operating charges66A-€1.2m
Operating profit (loss)9901€0.5m€0.06m▼
Financial income75/76B€1.9m€1.5m▼
Recurring financial income75€1.3m€1.5m▲
Income from financial fixed assets750€1.3m€1.4m▲
Income from current assets751€0.002m-
Other financial income752/9€0.02m€0.1m▲
Non-recurring financial income76B€0.6m-
Financial charges65/66B€1.5m€1.6m▲
Recurring financial charges65€1.5m€1.4m▼
Debt charges650€1.5m€1.4m▼
Other financial charges652/9€0.02m€0.02m▲
Non-recurring financial charges66B-€0.2m
Profit (loss) for the period before taxes9903€1.0m-€0.06m▼
Transfer from deferred taxes780€0.01m€0.01m=
Income taxes67/77€0.01m-€0.002m▼
Taxes670/3€0.01m€1▼
Tax adjustments and reversals of tax provisions77-€0.002m
Profit (loss) for the period9904€1.0m-€0.05m▼
Transfer from tax-exempt reserves789€0.03m€0.03m=
Profit (loss) for the period to be appropriated9905€1.0m-€0.01m▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.0m-€0.01m▼
Transfer to equity691/2€1.0m-
To other reserves6921€1.0m-
Social balance sheet
Average headcount (FTE)908742.242.4▲

The notes to these accounts (67 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
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%
Line20182019202020212022202320242025Change
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%
Line20182019202020212022202320242025Change
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.

Download as CSV

Subsidies and aid

Flemish government

2022 to 2025 · 4 entries · €39,292 awarded · €39,292 paid
Year Entries AwardedPaid
2025 1 €8,384€8,384
2024 1 €10,674€10,674
2023 1 €13,490€13,490
2022 1 €6,744€6,744
Schemes
4 entries · €39,292 · €39,292 paid · Departement Werk en Sociale Economie

Public contracts: not fully processed yet. The notices from October 2023 to September 2026 are still being read.

Directors

Directors

Statutory auditor 1

Ernst & Young Bedrijfsrevisoren
Statutory auditor · since 07-10-2026 · permanent representative: Ronald Van den Ecker
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →

Mandate history

1 person since 2026, 1 in office
Show
  • Statutory auditor
Mandates per person, with start and end dates
Name Functions and periods
Ernst & Young Bedrijfsrevisoren
  • Statutory auditor, from 07-10-2026 to date
See the board, name and seat on a given date →

Owners and capital

Owners

2 owners

Chain of control

  1. Katoen Natie Group S.A.LU consolidates
  2. Katoen Natie International SALU 100%
  3. POLYMER PROCESSING

Highest known parent: Katoen Natie Group S.A. (Luxembourg). The sources do not say who stands above it.

Owners 2

According to the 2025 annual accounts of POLYMER PROCESSING and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.

Group and network

Connections & network

No directors read yet: 1 of 24 Gazette acts processed.

History

On 22 March 1996, POLYMER PROCESSING was incorporated.1 Turnover went from €58.2m in 2018 to €62.4m in 2025 and headcount from 43.7 to 42.4 full-time equivalents.2

  1. 1KBO (Crossroads Bank for Enterprises)
  2. 2National Bank, annual accounts 2018 and 2025

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 31-07-2027
2026
07-10
Gazette deed Reappointment: Ernst & Young Bedrijfsrevisoren (statutory auditor)
Permanent representative: Ronald Van den Ecker3 facts ▸
  • General meeting, 18-06-2026
  • Auditor reappointment, Ernst & Young Bedrijfsrevisoren (statutory auditor)
  • Permanent representative, Ronald Van den Ecker
13-07
NBB filing Annual accounts filed
financial year 2025 · full format
2025
01-07
NBB filing Annual accounts filed
financial year 2024 · full format
2024
31-12
Financial Back to profitnet €981,567
Net result €981,567 after 2 loss-making years.
30-07
NBB filing Annual accounts filed
financial year 2023 · full format
2023
31-12
Financial Weakest financial yearnet -€2.4m
Net result drops to -€2.4m, the lowest in the series; recovery starts the following year.
21-08
NBB filing Annual accounts filed
financial year 2022 · full format · 21 days late
2022
02-08
NBB filing Annual accounts filed
financial year 2021 · full format · 2 days late
2021
30-07
NBB filing Annual accounts filed
financial year 2020 · full format
2020
11-08
NBB filing Annual accounts filed
financial year 2019 · full format · 11 days late
2019
31-12
Financial Highest result from 2018 to 2025net €42.9m ▲233%
Net result €42.9m, the highest in the series.
26-08
NBB filing Annual accounts filed
financial year 2018 · full format · 26 days late
2018
11-07
NBB filing Annual accounts filed
financial year 2017 · full format
2017
24-08
NBB filing Annual accounts filed
financial year 2016 · full format · 24 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 29 annual accounts filed, the latest 10 are here; all are under Financials.
1 of 24 deeds read
About the unread acts

Of the 24 Belgian Official Gazette acts we know for this company, 1 has been read. The other 23 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Register details

Identification
Legal formPublic limited company
Founded22-03-1996
Financial year end31-12
Activities, NACEBEL 2025
52241Warehousing and support activities for transportation
E-invoicing
Reachable via Peppol
Peppol ID 0208:0457525145
Registered 26-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 11 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Recognitions · licences · registrations

Food safety, FASFC

1 site
Beveren-Kruibeke-Zwijndrechtunit no. 2.223.048.671
5 permissions
Opslag kamer t° levensmiddelen · since 17-03-2022
Verpakker diervoeders · since 01-01-2015
Dienstverlener - verwerking · since 18-11-2013
and 2 more

Legal Entity Identifier

549300FXNPZ0MAR2WN56
live in the LEI register

Environmental permits

8 applications in Flanders since 2018 · 6 granted
Een grond gebruiken, aanleggen of inrichten; Nieuwbouw of aanleggen
Granted on 20-04-2026submitted 11-12-2025authority: Beveren-Kruibeke-Zwijndrechtproject 2025139255
Bouwen of herbouwen; Nieuwbouw of aanleggen; Slopen of verwijderen
Granted on 23-11-2023submitted 11-07-2023authority: Provincie Oost-Vlaanderenproject 2023066957
Bouwen of herbouwen; Nieuwbouw of aanleggen; Slopen of verwijderen
Granted on 21-04-2022submitted 05-01-2022authority: Provincie Oost-Vlaanderenproject 2021195324
Bouwen of herbouwen; Nieuwbouw of aanleggen; Slopen of verwijderen; Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden
Granted on 04-10-2021submitted 28-06-2021authority: Beveren-Kruibeke-Zwijndrechtproject 2021048126
Bouwen of herbouwen; Het reliëf van de bodem aanmerkelijk wijzigen; Nieuwbouw of aanleggen
Granted on 18-02-2021submitted 14-10-2020authority: Provincie Antwerpenproject 2020131107
Bouwen of herbouwen; Het reliëf van de bodem aanmerkelijk wijzigen; Nieuwbouw of aanleggen
Discontinued on 02-10-2020submitted 08-09-2020authority: Provincie Antwerpenproject 2020088801
Bouwen of herbouwen; Verwijderen van vrijstaande gebouwen
Granted on 26-10-2018submitted 19-06-2018authority: Antwerpenproject 2018072487
Bouwen of herbouwen; Verwijderen van vrijstaande gebouwen
Discontinued on 21-06-2018submitted 23-05-2018authority: Antwerpenproject 2018037059

Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Beveren-Kruibeke-Zwijndrecht · 3 establishment units since 1996
registered office establishment approximate All 3 establishment units on the map
Ground area
22.3 ha
Building footprint
7.5 ha
Building volume
506,889 m³
4 parcels, Flanders · tallest building 31.0 m. Linked by address, not a title deed.
3 establishment units
POLYMER PROCESSING
Haandorpweg(KAL) 1, 9130 Beveren-Kruibeke-ZwijndrechtService activities incidental to land transportation
since 1996unit no. 2.076.172.360
Polymer Processing
Oudedijk(KAL) 1, 9130 BeverenWarehousing and storage
since 2013unit no. 2.223.048.671
Polymer Processing
Ketenislaan(KAL) 1548, 9130 BeverenElectricity, gas, steam and air conditioning supply
since 2023unit no. 2.352.003.936
4 parcels
Flanders 4 (100%)
Cadastral parcel Region Area Buildings Height / floors
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
46010E0345/00L002 Flanders 2.9 ha 1 · 2.1 ha 16.9 m · 3
How the parcels are linked
Good to know
All 4 parcels match the address exactly.