POLYPIT
InactiveOverview
Overview
Official details
Source: KBO- Status
- Inactive last publication under the heading End on 07-07-2022
- Activity
- “De fabricatie van alle soorten textielproducten, in het bijzonder pit, wiek, lont of lemmet…” (deed in Dutch)From the articles, 2 activitiesNo NACE code in the KBO yet
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Board and ownership
- Holdings
- Shares in 1 company VLAMCO
Financial position
No score
Annual accounts 2021
- Gross margin
- €35,347
- ▼ 69.1%
- Turnover
- ≈ €140,000
- estimated
- Profit
- €16,130
- ▼ 79.6%
- Equity
- €185,874
- ▲ 9.5%
- Total assets
- €340,584
- ▲ 3.1%
Financials
Financials · financial year 2021, micro format
Annual accounts 2021 filed on 24-06-2022 PDF all 43 filings
Turnover
≈ €140,000
Estimated: probably between €85,000 and €260,000
Total assets
€340,584▲ 3.1%
2020 · €330,313
Net result
€16,130▼ 79.6%
2020 · €79,214
Working capital
-€124,140▲ 14.4%
2020 · -€144,950
Multi-year overview
2018 to 2021, 4 financial yearsOperating result
€24,239
▼ 77.0%
2021
20182021
Net result
€16,130
▼ 79.6%
2021
20182021
Equity
€185,874
▲ 9.5%
2021
20182021
Total assets
€340,584
▲ 3.1%
2021
20182021
Debt
€154,710
▼ 3.6%
2021
20182021
Working capital
-€124,140
▲ 14.4%
2021
20182021
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021
Operating result€79-€30,871▲ 390×€105,396▲ 241%€24,239▼ 77.0%
Net result€514-€28,454▲ 55×€79,214▲ 178%€16,130▼ 79.6%
Equity€62,876-€91,330▲ 45.3%€169,744▲ 85.9%€185,874▲ 9.5%
Total assets€296,231-€333,501▲ 12.6%€330,313▼ 1.0%€340,584▲ 3.1%
Debt€233,354-€242,171▲ 3.8%€160,568▼ 33.7%€154,710▼ 3.6%
Working capital-€212,080--€181,854▲ 14.3%-€144,950▲ 20.3%-€124,140▲ 14.4%
The operating result for 2021 is 77% lower than in 2020.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €340,584
Fixed assets
€310,014 ▼ 1.5%
Current assets
€30,569 ▲ 95.7%
Equity and liabilities €340,584
Equity
€185,874 ▲ 9.5%
Debt
€154,710 ▼ 3.6%
Debt's share of the balance-sheet total falls from 48.6% to 45.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€28,918▼
2020 · €108,186
Cash flow
€20,810▼
2020 · €82,004
Current ratio
0.20▲
2020 · 0.10
Debt to equity
0.83
ROE
8.7%▼
2020 · 46.7%
ROA
4.7%▼
2020 · 24.0%
Interest coverage
over 100
Debt ≤ 1 year
€154,710▼
2020 · €160,568
Income taxes
€8,072▼
2020 · €26,152
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,772 | €1,772 | €2,789 | €4,680 | ▲ 67.8% |
| Other operating charges640/8 | - | - | - | €6,429 | - |
| Gross operating margin9900 | €7,077 | €37,961 | €114,515 | €35,347 | ▼ 69.1% |
| Operating profit (loss)9901 | €79 | €30,871 | €105,396 | €24,239 | ▼ 77.0% |
| Recurring financial income75 | €561 | - | - | - | - |
| Financial charges65/66B | - | - | - | €37 | - |
| Recurring financial charges65 | €126 | €49 | €30 | €37 | ▲ 22.5% |
| Profit (loss) for the period before taxes9903 | €514 | €30,822 | €105,366 | €24,202 | ▼ 77.0% |
| Income taxes67/77 | - | €2,368 | €26,152 | €8,072 | ▼ 69.1% |
| Profit (loss) for the period9904 | €514 | €28,454 | €79,214 | €16,130 | ▼ 79.6% |
| Profit (loss) for the period to be appropriated9905 | €514 | €28,454 | €79,214 | €16,130 | ▼ 79.6% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €296,231 | €333,501 | €330,313 | €340,584 | ▲ 3.1% |
| Fixed assets21/28 | €274,956 | €273,184 | €314,694 | €310,014 | ▼ 1.5% |
| Tangible fixed assets22/27 | €24,956 | €23,184 | €64,694 | €60,014 | ▼ 7.2% |
| Land and buildings22 | - | - | - | €60,014 | - |
| Financial fixed assets28 | €250,000 | €250,000 | €250,000 | €250,000 | = |
| Current assets29/58 | €21,274 | €60,316 | €15,618 | €30,569 | ▲ 95.7% |
| Amounts receivable within one year40/41 | €17,034 | €56,091 | €11,439 | €22,258 | ▲ 94.6% |
| Trade receivables40 | - | - | - | €10,000 | - |
| Other amounts receivable41 | - | - | - | €12,258 | - |
| Cash at bank and in hand54/58 | €4,240 | €4,056 | €4,179 | €8,311 | ▲ 98.9% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €296,231 | €333,501 | €330,313 | €340,584 | ▲ 3.1% |
| Equity10/15 | €62,876 | €91,330 | €169,744 | €185,874 | ▲ 9.5% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | - | - | - | €61,500 | - |
| Issued capital100 | - | - | - | €61,500 | - |
| Reserves13 | €6,150 | €29,830 | €108,244 | €124,374 | ▲ 14.9% |
| Non-distributable reserves130/1 | - | - | - | €6,150 | - |
| Legal reserve130 | - | - | - | €6,150 | - |
| Distributable reserves133 | - | - | - | €118,224 | - |
| Profit (loss) carried forward14 | -€4,774 | - | - | - | - |
| Amounts payable17/49 | €233,354 | €242,171 | €160,568 | €154,710 | ▼ 3.6% |
| Amounts payable within one year42/48 | €233,354 | €242,171 | €160,568 | €154,710 | ▼ 3.6% |
| Trade debts44 | €594 | €1,423 | €2,067 | €976 | ▼ 52.8% |
| Suppliers440/4 | - | - | - | €976 | - |
| Taxes, remuneration and social security45 | - | - | - | €45,597 | - |
| Taxes450/3 | - | - | - | €44,178 | - |
| Remuneration and social security454/9 | - | - | - | €1,419 | - |
| Other amounts payable47/48 | - | - | - | €108,137 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €514 | €28,454 | €79,214 | €16,130 | ▼ 79.6% |
| + Depreciation and write-downs630 | €1,772 | €1,772 | €2,789 | €4,680 | ▲ 67.8% |
| Operating cash flow (approximation) | €2,286 | €30,226 | €82,004 | €20,810 | ▼ 74.6% |
| Investment in fixed assets (approximation) | - | €0 | -€44,300 | €0 | - |
| Change in cash | - | -€184 | €123 | €4,132 | ▲ 33× |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 43 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2021 | micro format | 24-06-2022 | 2022-20095523 | |
| 31-12-2020 | micro format | 28-07-2021 | 2021-42000022 | |
| 31-12-2019 | micro format | 10-07-2020 | 2020-29000444 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-61400437 | |
| 31-12-2017 | micro format | 24-07-2018 | 2018-38400547 | |
| 31-12-2016 | micro format | 17-08-2017 | 2017-44000355 | |
| 31-12-2015 | abbreviated format | 04-07-2016 | 2016-27100232 | |
| 31-12-2014 | abbreviated format | 22-07-2015 | 2015-33200245 | |
| 31-12-2013 | abbreviated format | 26-06-2014 | 2014-23100589 | |
| 31-12-2012 | abbreviated format | 06-08-2013 | 2013-40200112 |
Board & ownership
Directors
Directors
5 directors
Ann Genevasen
Current
Director · in office according to the act of 07-07-2022 · listed in the 2021 annual accounts, filed on 24-06-2022
Anna Plas
Current
Director · in office according to the act of 07-07-2022 · listed in the 2021 annual accounts, filed on 24-06-2022
Cornelis Genevasen
Current
Director · in office according to the act of 07-07-2022 · listed in the 2021 annual accounts, filed on 24-06-2022
Genevasen Johannes
Current
Director · listed in the 2021 annual accounts, filed on 24-06-2022
Johanries Gerievasen
Current
Director · in office according to the act of 07-07-2022
Owners and capital
Capital transactions
Capital over time
- 16-05-2022 Capital stated in the deed · €61,500 · 6,636 shares
Mandate history
5 people, 5 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Genevasen Johannes |
|
| Ann Genevasen |
|
| Anna Plas |
|
| Cornelis Genevasen |
|
| Johanries Gerievasen |
|
Network & group
Holdings and subsidiaries
1 holdingHoldings 1
- Sourceown accounts 2021Equity €1.4m Profit of €133,654 in 2025 (profit of €142,451 in 2024) Checked score 9625.62%
Connections & network
5 current directorsThe network starts from the directors of POLYPIT. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
2022
07-07
Gazette deed
Merger: absorbed by VLAMCOPermanent representative: Guy Parmentier · Reappointments: Cornelis Genevasen, Anna Plas and 2 others · Auditor report29 points ▸
Gazette deed
Merger: absorbed by VLAMCO
Permanent representative: Guy Parmentier · Reappointments: Cornelis Genevasen, Anna Plas and 2 others · Auditor report29 points ▸
- General meeting, 28-06-2022
- Merger, “fusie door overneming, meer dan zes weken voor de huidige algemene vergadering” (deed in Dutch)
- Other provision, 28-06-2022
- Auditor report, “Naamloze Vennootschap VLAMCO, verhoging door middel van inbreng in natura door middel van inbreng van een geheel van activa en passiva naar aanleiding van de fu…” (deed in Dutch)
- Permanent representative, Guy Parmentier (director and permanent representative)
- Auditor report, 23-06-2022, mentioned 2 times in the deed
- Other provision, “hechting inbrengverslagen, aansluitend aan huidige vergadering” (deed in Dutch)
- Other provision, “informatieverstrekking aandeelhouders, aandeelhouders” (deed in Dutch)
- Other provision, “belangrijke wijzigingen actief en passief, sinds opstelling fusievoorstel tot huidige algemene vergadering” (deed in Dutch)
- Other provision, “oproepingen-aanwezigheid” (deed in Dutch)
- Other provision, “geldige samenstelling en ontslag bijeenroepingsformaliteiten, aandeelhouders en bestuurders ieder afzonderlijk” (deed in Dutch)
- Other provision, “fusieverslagen, eenparig en uitdrukkelijk” (deed in Dutch)
- The act holds 17 more points.
24-06
micro format · 37 days before the deadline
16-05
Gazette deed
Merger proposal: to be absorbed by VLAMCOCapital · Incorporation · Board composition21 points ▸
Gazette deed
Merger proposal: to be absorbed by VLAMCO
Capital · Incorporation · Board composition21 points ▸
- Capital, €62,000
- Incorporation, 13-01-1978
- Other provision, “Industriestraat 3,3930 Hamont-Achel, identificatie” (deed in Dutch)
- Board composition, Ann Genevasen (director)
- Board composition, Cornelis Genevasen (managing director)
- Board composition, Johannes Genevasen (director), mentioned 2 times in the deed
- Board composition, Anna Plas (director), mentioned 2 times in the deed
- Capital, €61,500
- Merger, “fusie door overneming, gehele vermogen” (deed in Dutch)
- Other provision, “verdwijnen intercompany schuldvorderingen, verdwijnen rechtspersoon,kostenbesparing,centrale sterke solvabele vennootschap,investeringen,uitbouw,werkzekerheid” (deed in Dutch)
- Other provision, “6636 aandelen POLYPIT stemt overeen met 29 aandelen VLAMCO, ruilverhouding” (deed in Dutch)
- Capital increase, €61,500
- The act holds 9 more points.
2021
28-07
micro format · 3 days before the deadline
2020
31-12
Financial
Highest result from 2018 to 2021net €79,214 ▲178%
The operating result of €105,396 and the net result of €79,214 are both a record.
31-12
Financial
Equity above €150,000equity €169,744 ▲85.9%
With a profit in every financial year since 2018, equity grows to €169,744.
10-07
micro format · 21 days before the deadline
2019
30-08
micro format · 30 days late
2018
24-07
micro format · 7 days before the deadline
2017
17-08
micro format · 17 days late
2016
04-07
abbreviated format · 27 days before the deadline
2015
22-07
abbreviated format · 9 days before the deadline
2014
26-06
abbreviated format · 35 days before the deadline
2013
06-08
abbreviated format · 6 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Company details
Inactive
Inactive
POLYPIT is no longer in the KBO register.
- Status
- Inactive
- Last annual accounts
- financial year to 31 December 2021
- Last registered office
- Industriestraat 3, 3930 Hamont-Achelas published on 7 July 2022
- Legal form
- Public limited company
- First annual accounts
- financial year 1979
Purpose according to the articles of association
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “De fabricatie van alle soorten textielproducten, in het bijzonder pit, wiek, lont of lemmet voor kaarsen en dergelijke, alsmede alle…”
2 activities
- De fabricatie van alle soorten textielproducten, in het bijzonder pit, wiek, lont of lemmet voor kaarsen en dergelijke, alsmede alle industriële en commerciële verhandelingen die zich rechtstreeks of onrechtstreeks bij dit doel aansluiten.
- De vennootschap mag haar doel verwezenlijken, zo in België als in het buitenland, op alle wijzen en manieren die zij best geschikt zou achten.
Articles of association, deed of 16-05-2022 (in Dutch)