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POLYPAL BELGIUM

Active
Public limited companyfounded 2004active for 21 yearsHendrik van Veldekesingel 150, 3500 Hasselt, Belgium180 active companies are registered at this addressKBO/BCE: BE 0870.217.979
Summary

The computed 12-month bankruptcy probability of POLYPAL BELGIUM is 1.9% (moderate). The 2025 annual accounts show equity of €117,772 and a net result of -€115,784. Equity is growing by about 36% per year across the filed financial years. Its solvency ranks better than 20% of 6,039 sector peers (NACE 46, financial year 2025). The company has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Wholesale trade
NACE 46820Wholesale of other machinery and equipment NACE 46649
1 site
Size
€985,784turnover 2025
Staff
6.3 FTE
Equity
€117,772
Loss
-€115,784
Financial health
53 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
1.9%
Structure
Parent
Whittan Overseas LTD
Auditor: Mercken Bedrijfsrevisoren BVAccounts filed 159 days late1 of 23 deeds read
Why 53raises riskLoss of €115,784 (financial year 2025)Latest accounts 159 days late; 1 of the last 3 latelowers riskLiquidity: current ratio 1.22, cash €178,523Founded in 2004Show the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 20% of its sector peers (NACE 46, micro)
Financial strength · tick = 2024
Weak
Solvency 43-13
equity 18.1% of total assets
Liquidity 39-4
short-term debt 81.9% · cash 27.4%
Profitability 0-45
return on assets -17.8%
Bankruptcy probability, 12 months
1.9% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,873 companies, NACE 46, micro)
Last 24 months 11-2024: 0.3% 12-2024: 0.3%● unchanged vs 11-2024 01-2025: 0.3%● unchanged vs 12-2024 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.3%● unchanged vs 06-2025 08-2025: 0.3%● unchanged vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025lowest value 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.5%▲ +0.2 percentage points vs 10-2025 12-2025: 0.6%▲ +0.1 percentage points vs 11-2025 01-2026: 1.0%▲ +0.4 percentage points vs 12-2025 02-2026: 1.0%● unchanged vs 01-2026 03-2026: 1.4%▲ +0.4 percentage points vs 02-2026 04-2026: 2.3%▲ +0.9 percentage points vs 03-2026highest value 05-2026: 1.8%▼ -0.5 percentage points vs 04-2026 06-2026: 1.8%● unchanged vs 05-2026 07-2026: 1.8%● unchanged vs 06-2026 08-2026: 1.8%● unchanged vs 07-2026 09-2026: 1.6%▼ -0.2 percentage points vs 08-2026 10-2026: 1.9%▲ +0.3 percentage points vs 09-2026
Credit of up to €6,000 on 30-day terms, only on tighter conditions: the latest accounts were filed more than 90 days after the deadline
Liquidity tight (current ratio 1.22, compared with 1.44 in 2024, below the usual 1.5; short-term debt: 81.9% and cash: 27.4% of total assets), and 81.9% of the assets are financed with debt and provisions.
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 46, micro): better than 30% on solvency, 37% on liquidity, 6% on profitability and 9% on growth.

The bankruptcy probability was computed on 14-10-2026 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

Six signals.
lowers riskraises risk
raises risk · Loss of €115,784 (financial year 2025)
NBB · annual accounts
lowers risk · Liquidity: current ratio 1.22, cash €178,523
NBB · annual accounts
raises risk · Latest accounts 159 days late; 1 of the last 3 late
NBB · filings
lowers risk · Founded in 2004
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 6039 sector peers (2025).
NBB · sector comparison
Position among 6039 sector peers
Solvency
better than 20%
← weakest strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 08-04-2026, 159 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 10 filings
Deviation from the deadline
2025
159 days late
2024
36 days early
2023
15 days early
2022
84 days late
2021
5 days late
2020
97 days late
2019
34 days early
← 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 37 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 31-03-2026 is due by 31-10-2026. Nothing is late today. The company usually files around 5 November (4 of the last 5 filed years within 79 days of that day).
Companies Code · seven months
Where today falls in the filing period
31-03-2026 year end15-10-2026 today31-10-2026 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Appointment: Mercken Bedrijfsrevisoren BV (statutory auditor)Director discharge
  2. Annual accounts filedfinancial year 2025 · full…
  3. Weakest financial yearnet -€115,784

Key points

  • Caution: From profit to loss in 2025after €23,677 in 2024 -€115,784 View
  • Caution: Latest accounts filed lateafter the legal deadline 159 days View
  • Caution: Among the weakest 13% on net resultsector median €114,715 · 5,979 companies -€115,784 View
  • Controlled by Whittan Overseas LTD parent View

By topic

Financials

Financial year
2025
Turnover
€985,784
Loss
-€115,784
Solvency
18.1%
Turnover▼ 44.1%
Net result
20192025
Go to Financials

Timeline

Events
27
Since
2006
Next accounts
by 31-10-2026
  1. 25-09-2024Annual accounts filed
  2. 16-10-2023Annual accounts filed
  3. 31-03-2023Equity above €200,000
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Wholesale tradeNACE 46820
Founded
25-11-2004
Year ends
31-03
Peppol
Reachable for e-invoices
Go to Company details

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