Financials
- Fiscal year
- 2025
- Total assets
- €252,283
- Loss
- -€25,104
- Solvency
- 11.7%
Total assets▼ 45.6%
Net result
20182025
POLYPANEL BELGIQUE
ActiveThe file of POLYPANEL BELGIQUE contains 2 judicial reorganisation notices, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 7.4% (elevated). The 2025 annual accounts show equity of €29,396 and a net result of -€25,104. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 15% of 315 sector peers (fiscal year 2025).
Overview
Activity
Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
NACE 16210
1 site
Size
€252,283total assets 2025
- Staff
- 2.7 FTE
- Equity
- €29,396
- Loss
- -€25,104
Structure
- Parent
- FA IMMO · 60%
Accounts on time0 of 7 deeds read
Why 32- Judicial reorganisation on record (2 publications, latest 21-09-2023)- Loss of €25,104 (FY 2025)- Equity €29,396 (11.7% of total assets)- Sector Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16)Show the evidence
Checked score
Score 2025
32
/ 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 13% of its sector peers (NACE 16, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency
37=
equity 11.7% of total assets
Liquidity
3=
short-term debt 87.3% · cash 0.9%
Profitability
21-56
return on assets -10.0%
Bankruptcy probability, 12 months
7.4%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 10.0%highest value
12-2024: 10.0%● 0.0% vs 11-2024highest value
01-2025: 10.0%● 0.0% vs 12-2024highest value
02-2025: 10.0%● 0.0% vs 01-2025highest value
03-2025: 10.0%● 0.0% vs 02-2025highest value
04-2025: 10.0%● 0.0% vs 03-2025highest value
05-2025: 10.0%● 0.0% vs 04-2025highest value
06-2025: 10.0%● 0.0% vs 05-2025highest value
07-2025: 10.0%● 0.0% vs 06-2025highest value
08-2025: 10.0%● 0.0% vs 07-2025highest value
09-2025: 10.0%● 0.0% vs 08-2025highest value
10-2025: 10.0%● 0.0% vs 09-2025highest value
11-2025: 10.0%● 0.0% vs 10-2025highest value
12-2025: 10.0%● 0.0% vs 11-2025highest value
01-2026: 10.0%● 0.0% vs 12-2025highest value
02-2026: 10.0%● 0.0% vs 01-2026highest value
03-2026: 10.0%● 0.0% vs 02-2026highest value
04-2026: 10.0%● 0.0% vs 03-2026highest value
05-2026: 10.0%● 0.0% vs 04-2026highest value
06-2026: 10.0%● 0.0% vs 05-2026highest value
07-2026: 10.0%● 0.0% vs 06-2026highest value
08-2026: 10.0%● 0.0% vs 07-2026highest value
09-2026: 10.0%● 0.0% vs 08-2026highest value
10-2026: 7.4%▼ -26.3% vs 09-2026lowest value
- Judicial reorganisation on record (2 publications, latest 21-09-2023) raises the probability
- Loss of €25,104 (FY 2025) raises the probability
- Equity €29,396 (11.7% of total assets) raises the probability
- Sector Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16) raises the probability
Credit up to €500 at 30 days only on tighter terms
Liquidity short (current ratio 0.83 against 1.01 in 2024; short-term debt: 87.3% and cash: 0.9% of total assets), and 88.3% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 16, micro). Better than this share of them on solvency 21%, liquidity 4%, profitability 16%, growth against the median 10%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 315 sector peers (2025).
NBB · sector comparisonPosition among 315 sector peers
Solvency
better than 15%
← weakest
strongest →
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
29 d late
2022
31 d late
2021
on the day
2020
30 d late
2019
182 d 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 39 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 31 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
03-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · abbreviated…
- Annual accounts filedfiscal year 2024 · full…
- Highest result since 2018net €41,382 ▲81.6%
Key points
By topic
Board & ownership
- Parent
- FA IMMO · 60%
Timeline
- Events
- 15
- Since
- 2017
- Next accounts
- by 31-07-2027
- 31-07-2026Annual accounts filed
- 31-07-2025Annual accounts filed
- 31-12-2024Highest result since 2018
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Manufacture of wood and of products of wood…NACE 16210
- Founded
- 26-04-2006
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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