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).
Overview
- Staff
- 42.4 FTE
- Equity
- €29.0m
- Loss
- -€45,624
- Parent
- Katoen Natie International SA · 100%
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
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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).
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Signals
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)
- Reappointment: Ernst & Young Bedrijfsrevisoren (statutory…Permanent representative: Ronald Van den…
- Annual accounts filedfinancial year 2025 · full…
- Annual accounts filedfinancial year 2024 · full…
Financials · financial year 2025, full format
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.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
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).
| 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
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.
Directors
Statutory auditor 1
Mandate history
- Statutory auditor
| Name | Functions and periods |
|---|---|
| Ernst & Young Bedrijfsrevisoren |
|
Owners and capital
Owners
2 ownersChain of control
- Katoen Natie Group S.A.LU
- Katoen Natie International SALU
- POLYMER PROCESSING
Highest known parent: Katoen Natie Group S.A. (Luxembourg). The sources do not say who stands above it.
Owners 2
- Katoen Natie International SALUparentSourceown accounts 2025100%
- Katoen Natie Group S.A.LUconsolidating parentconsolidates
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
Acts, filings and financial milestones
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
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.
Register details
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 siteLegal Entity Identifier
Environmental permits
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
3 establishment units
4 parcels
| 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 |