PolyREC
The computed 12-month bankruptcy probability of PolyREC is < 0.1% (very low). The 2024 annual accounts show equity of €84k and a net result of €-18k. Equity is shrinking by ~16.2% per year across the filed fiscal years. Its solvency ranks better than 75% of 80 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €84k |
| Net result | €-18k |
| Better than sector | 75% |
| Active | 4 yrs |
Mixed profile: strong on solvency, weaker on profitability.
All 5 axes are computed from data Checked has read.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.
See plans →How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 92.9% | 51.8% | |
| Net result | €-18k | €6k | |
| Equity | €84k | €43k | |
| Gross operating margin | €-4k | €63k | |
| Total assets | €90k | €144k |
| Fiscal year | 2024 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €-7k |
| Net profit | €-18k |
| Cash flow | €-7k |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €90k |
| Equity | €84k |
| Debt | €6k |
| of which ≤ 1y | €6k |
| of which > 1y | - |
| Working capital | €62k |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 10.63 |
| Quick ratio | 10.63 |
| Working capital ratio | 68.6% |
| Solvency | 92.9% |
| Debt / equity | 0.08 |
| Long-term debt ratio | - |
| Interest coverage | -117.62 |
| Gross margin | - |
| Net margin | - |
| ROA | -20.5% |
| ROE | -22.0% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €90k |
| Fixed assets | 21/28 | €22k |
| Intangible fixed assets | 21 | €22k |
| Current assets | 29/58 | €68k |
| Amounts receivable within one year | 40/41 | €5k |
| Cash & bank | 54/58 | €63k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €90k |
| Equity | 10/15 | €84k |
| Accumulated profits (losses) | 14 | €84k |
| Amounts payable | 17/49 | €6k |
| Amounts payable within one year | 42/48 | €6k |
| Trade debts payable within one year | 44 | €6k |
| Income statement | ||
| Gross operating margin | 9900 | €-4k |
| Operating result | 9901 | €-18k |
| Financial charges | 65 | €61 |
| Result before taxes | 9903 | €-18k |
| Net result for the period | 9904 | €-18k |
| Result to be appropriated | 9905 | €-18k |
-
CRÉPET ChristianTreasurerState Gazette act 22086638 (18-07-2022)Current09-05-2022 → present
-
EMANS AntoonVice présidentState Gazette act 22086638 (18-07-2022)Current09-05-2022 → present
-
SOMMER StefanChairState Gazette act 22086638 (18-07-2022)Current09-05-2022 → present
Former directors (2)
-
PLASTICSEUROPELegal entityDirector· perm. rep.: JANSSENS Virginia DomitillaState Gazette act 22086638 (18-07-2022)Former- → 09-05-2022
-
POLYOLEFIN CIRCULAR ECONOMY PLATFORMLegal entityDirector· perm. rep.: SPENCER VenetiaState Gazette act 22086638 (18-07-2022)Former- → 09-05-2022
| NACE primary | Activiteiten van beroepsorganisaties(94120) |
| Legal form | Non-profit association(017) |
| Incorporation | 14-12-2021 |
| Status | Active |
| Postal code | 1210 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21572B0357/00M000 | Brussels | 1,978 m² | 1 · 1,248 m² | 42.2 m · 12 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
14-08-2026 Act object · Notarial deed · General meeting · Approval
- Act object: Dissolution et clôture de liquidation de I'ASBL · POLYREC
- Publication: 14/08/2026 · POLYREC
- Filing: 07/08/2026 · POLYREC
- Notarial deed: 23/03/2026 · POLYREC
- General meeting: 23/03/2026 · POLYREC
- Approval: comptes de l'année 2025 · POLYREC
- Dissolution: date: 2026-03-23, type: Dissolution et clôture immédiate de la liquidation · POLYREC
- Liquidation closure: 23/03/2026 · POLYREC
- Officer discharge · POLYREC
- Power of attorney: effectuer les formalités légales de publication auprès du Moniteur belge ainsi que les formalités légales auprès des autorités fiscales compétentes · Luca SELVA
- Member admission · EUMEPS aisbl
- Member admission · VinylPlus aisbl
- Member admission · PRE aisbl
Technical details
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}18-07-2022 5 directors appointed, 2 resigning
- VAN DER GIESSEN Antonie, Commissaris
- SCHLEGEL Katharina, Commissaris
- SOMMER Stefan, Voorzitter
- EMANS Antoon, Vice président
- CRÉPET Christian, Penningmeester
- SPENCER Venetia, Bestuurder
- JANSSENS Virginia Domitilla, Bestuurder
Technical details
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}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
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