POLYREC
InactiveOverview
Overview
Official details
Source: KBO- Status
- Inactive Normal situation
- Legal form
- Non-profit association
- Activity
- No activity registered in the KBO
- Financial year end
- 31 December
- Peppol
- Reachable since 30-12-2025
Board and ownership
Board
- Vinylplus AISBLChair · permanent representative Peter PRINZ
- PRE AISBLDirector · permanent representative Antoon EMANS
- EUMEPS AISBLDirector · permanent representative Lea SALIHOVIC-SARIC
Financial position
No score
Annual accounts 2025
- Gross margin
- -€32,816
- ▼ 663%
- Deficit
- €73,924
- ▲ 300%
- Equity
- €10,057
- ▼ 88.0%
- Total assets
- €40,023
- ▼ 55.7%
Turnover not published (micro format)
Filed on 08-07-2026
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 08-07-2026 at the NBB all 4 filings
Equity
€10,057▼ 88.0%
2024 · €83,981
Total assets
€40,023▼ 55.7%
2024 · €90,425
Net result
-€73,924▼ 300%
2024 · -€18,494
Working capital
€29,020▼ 53.2%
2024 · €62,027
Trend over the years
2022 to 2025, 4 financial years
The operating result for 2025 is a loss of €73,758, larger than the loss of €18,433 in 2024. It is the lowest result since 2022.
Operating result-€73,758
2025
Net result-€73,924
2025
Total assets€40,023
2025
Equity€10,057
2025
Debt€11,003
2025
Working capital€29,020
2025
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2022202320242025
Operating result€117,160--€14,416-€18,433▼ 27.9%-€73,758▼ 300%
Net result€117,085--€14,609-€18,494▼ 26.6%-€73,924▼ 300%
Equity€117,085-€102,475▼ 12.5%€83,981▼ 18.0%€10,057▼ 88.0%
Total assets€137,040-€106,589▼ 22.2%€90,425▼ 15.2%€40,023▼ 55.7%
Debt€19,955-€4,113▼ 79.4%€6,443▲ 56.6%€11,003▲ 70.8%
Working capital€105,185-€68,990▼ 34.4%€62,027▼ 10.1%€29,020▼ 53.2%
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €40,023
Equity
€10,057 ▼ 88.0%
Provisions
€18,962
Debt
€11,003 ▲ 70.8%
Debt's share of the balance-sheet total rises from 7.1% to 27.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€65,785▼
2024 · -€7,157
Cash flow
-€65,950▼
2024 · -€7,218
Current ratio
3.64▼
2024 · 10.63
Debt to equity
1.09▲
2024 · 0.08
ROE
-735.0%▼
2024 · -22.0%
ROA
-184.7%▼
2024 · -20.5%
Interest coverage
-397.13▼
2024 · -117.62
Debt ≤ 1 year
€11,003▲
2024 · €6,443
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Intangible fixed assets | €12,291 | €31,079 | - | - |
| Financial fixed assets | €255 | - | - | - |
| Depreciation and write-downs of the year | €646 | €9,494 | €11,276 | €7,974 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €646 | €9,494 | €11,276 | €7,974 | ▼ 29.3% |
| Other operating charges640/8 | - | - | €2,855 | €26 | ▼ 99.1% |
| Non-recurring operating charges66A | - | - | - | €13,980 | - |
| Gross operating margin9900 | €117,806 | -€4,922 | -€4,302 | -€32,816 | ▼ 663% |
| Operating profit (loss)9901 | €117,160 | -€14,416 | -€18,433 | -€73,758 | ▼ 300% |
| Financial charges65/66B | €75 | €194 | €61 | €166 | ▲ 172% |
| Recurring financial charges65 | €75 | €194 | €61 | €166 | ▲ 172% |
| Profit (loss) for the period before taxes9903 | €117,085 | -€14,609 | -€18,494 | -€73,924 | ▼ 300% |
| Profit (loss) for the period9904 | €117,085 | -€14,609 | -€18,494 | -€73,924 | ▼ 300% |
| Profit (loss) for the period to be appropriated9905 | €117,085 | -€14,609 | -€18,494 | -€73,924 | ▼ 300% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €137,040 | €106,589 | €90,425 | €40,023 | ▼ 55.7% |
| Fixed assets21/28 | €11,900 | €33,485 | €21,954 | - | - |
| Intangible fixed assets21 | €11,645 | €33,230 | €21,954 | - | - |
| Financial fixed assets28 | €255 | €255 | - | - | - |
| Current assets29/58 | €125,140 | €73,104 | €68,470 | €40,023 | ▼ 41.5% |
| Amounts receivable within one year40/41 | €125,140 | €16,354 | €5,437 | €2,151 | ▼ 60.4% |
| Trade receivables40 | €444 | €1,422 | - | €437 | - |
| Other amounts receivable41 | €124,696 | €14,932 | €5,437 | €1,714 | ▼ 68.5% |
| Cash at bank and in hand54/58 | - | €56,750 | €63,034 | €36,965 | ▼ 41.4% |
| Deferred charges and accrued income490/1 | - | - | - | €906 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €137,040 | €106,589 | €90,425 | €40,023 | ▼ 55.7% |
| Equity10/15 | €117,085 | €102,475 | €83,981 | €10,057 | ▼ 88.0% |
| Profit (loss) carried forward14 | €117,085 | €102,475 | €83,981 | €10,057 | ▼ 88.0% |
| Provisions and deferred taxes16 | - | - | - | €18,962 | - |
| Provisions for liabilities and charges160/5 | - | - | - | €18,962 | - |
| Other liabilities and charges164/5 | - | - | - | €18,962 | - |
| Amounts payable17/49 | €19,955 | €4,113 | €6,443 | €11,003 | ▲ 70.8% |
| Amounts payable within one year42/48 | €19,955 | €4,113 | €6,443 | €11,003 | ▲ 70.8% |
| Trade debts44 | €19,955 | €4,113 | €6,443 | €11,003 | ▲ 70.8% |
| Suppliers440/4 | €19,955 | €4,113 | €6,443 | €11,003 | ▲ 70.8% |
| Taxes, remuneration and social security45 | €0 | €0 | - | - | - |
| Taxes450/3 | €0 | €0 | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €117,085 | -€14,609 | -€18,494 | -€73,924 | ▼ 300% |
| + Depreciation and write-downs630 | €646 | €9,494 | €11,276 | €7,974 | ▼ 29.3% |
| Operating cash flow (approximation) | €117,731 | -€5,116 | -€7,218 | -€65,950 | ▼ 814% |
| Investment in fixed assets (approximation) | - | -€31,079 | €255 | - | - |
| Change in cash | - | - | €6,284 | -€26,069 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Board & ownership
Directors
Directors
7 directors, last change in 2024
Board 7
Vinylplus AISBL
Current
Président de l'association · appointed in the act of 11-10-2024 · Director · in office according to the act of 11-10-2024 · Legal entity · permanent representative: Peter PRINZ
PRE AISBL
Current
Vice président de l'association · in office according to the act of 11-10-2024 · Director · in office according to the act of 11-10-2024 · Legal entity · permanent representative: Antoon EMANS
EUMEPS AISBL
Current
Director · in office according to the act of 11-10-2024 · Legal entity · permanent representative: Lea SALIHOVIC-SARIC
PCEP AISBL
Current
Director · in office according to the act of 11-10-2024 · Legal entity · permanent representative: Patrick NEUMANN
PIEU AISBL
Current
Director · in office according to the act of 11-10-2024 · Legal entity · permanent representative: Katharine SCHLEGEL
SCS AISBL
Current
Director · in office according to the act of 11-10-2024 · Legal entity · permanent representative: Jens KATHMANN
SCS AISBL
Current
Director · in office according to the act of 11-10-2024 · Legal entity
Permanent representatives 6
Peter PRINZ
Current
Permanent representative · appointed in the act of 11-10-2024 · for Vinylplus AISBL
Antoon EMANS
Current
Permanent representative · in office according to the act of 11-10-2024 · for PRE AISBL
Jens KATHMANN
Current
Permanent representative · in office according to the act of 11-10-2024 · for SCS AISBL
Katharine SCHLEGEL
Current
Permanent representative · in office according to the act of 11-10-2024 · for PIEU AISBL
Lea SALIHOVIC-SARIC
Current
Permanent representative · in office according to the act of 11-10-2024 · for EUMEPS AISBL
Patrick NEUMANN
Current
Permanent representative · in office according to the act of 11-10-2024 · for PCEP AISBL
Other functions 2
CRÉPET Christian
Current
Treasurer · appointed in the act of 18-07-2022
PCEP AISBL
Current
Trésorier de l'association · appointed in the act of 11-10-2024 · Legal entity · permanent representative: Patrick NEUMANN
Owners and capital
Owners
This non-profit association has no shareholders or capital.
Mandate history
10 people, 8 in office
- Board
- Other function
- began earlier
- end not dated
| Name | Functions and periods |
|---|---|
| EUMEPS AISBL |
|
| PCEP AISBL |
|
| PIEU AISBL |
|
| PRE AISBL |
|
| SCS AISBL |
|
| SCS AISBL |
|
| Vinylplus AISBL |
|
| CRÉPET Christian |
|
| Antoon Emans |
|
| Stefan SOMMER |
|
Network & group
Connections & network
3 connected companiesThis company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
VYNOVA International
via Stefan SOMMER · Permanent representative
→
Confédération Européenne de la Plasturgie
via Antoon Emans · Director
former→
Plastics Europe
via Stefan SOMMER · Membre du comité directeur
former→
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
14-08
Gazette deed
Dissolution with immediate closure of the liquidationAdmissions: EUMEPS aisbl, VinylPlus aisbl and PRE aisbl · Auditor report · Asset distribution18 points ▸
Gazette deed
Dissolution with immediate closure of the liquidation
Admissions: EUMEPS aisbl, VinylPlus aisbl and PRE aisbl · Auditor report · Asset distribution18 points ▸
- General meeting, 23-03-2026
- Member admission, EUMEPS aisbl (full member)
- Member admission, VinylPlus aisbl (membre effectif, président du conseil d'administration)
- Member admission, PRE aisbl (membre effectif, vice président du conseil d'administration)
- Other provision, “procuration” (deed in French)
- Other provision, “ordre du jour établi conformément au Code des sociétés et des associations” (deed in French)
- General meeting, “unanimité, Approbation des comptes de l'année 2025” (deed in French)
- General meeting, “unanimité, Approbation des rapports” (deed in French)
- Auditor report, “réviseur d'entreprises, l'ASBL « POLYREC » ne possède plus de dettes à l'égard des membres ou des tiers” (deed in French)
- Dissolution, “unanimité, dissolution et clôture immédiate de la liquidation” (deed in French)
- Liquidation closure, “unanimité, clôture immédiate de la liquidation” (deed in French)
- Asset distribution, “unanimité, transfert du patrimoine restant” (deed in French)
- The act holds 6 more points.
08-07
micro format · 23 days before the deadline
2025
31-12
Financial
Weakest financial yearnet -€73,924
The net result drops to -€73,924, the lowest from 2022 to 2025.
30-07
micro format · 1 day before the deadline
2024
11-10
Gazette deed
Appointments: Vinylplus AISBL (président de l'association) and PCEP AISBL (trésorier de l'association)Permanent representatives: Peter PRINZ, Antoon EMANS and 5 others · Reappointments: PRE AISBL, SCS AISBL and 4 others26 points ▸
Gazette deed
Appointments: Vinylplus AISBL (président de l'association) and PCEP AISBL (trésorier de l'association)
Permanent representatives: Peter PRINZ, Antoon EMANS and 5 others · Reappointments: PRE AISBL, SCS AISBL and 4 others26 points ▸
- Board meeting, 25-10-2023
- Director appointment, Vinylplus AISBL (président de l'association)
- Permanent representative, Peter PRINZ
- Director reappointment, PRE AISBL (vice président de l'association), mentioned 2 times in the deed
- Permanent representative, Antoon EMANS
- Director appointment, PCEP AISBL (trésorier de l'association), mentioned 2 times in the deed
- Permanent representative, Patrick NEUMANN
- General meeting, 25-10-2023
- Director reappointment, SCS AISBL (director)
- Permanent representative, Jens KATHMANN (representative)
- Director reappointment, PIEU AISBL (director)
- Permanent representative, Katharine SCHLEGEL (representative)
- The act holds 14 more points.
05-08
micro format · 5 days late
2023
31-12
Financial
Liquidity more than doubledcurrent ratio 17.77
The current ratio rises from 6.27 to 17.77. Short-term debt falls from €19,955 to €4,113.
30-08
micro format · 30 days late
2022
18-07
Gazette deed
Permanent representatives: SPENCER Venetia, JANSSENS Virginia Domitilla and 2 othersAppointments: SOMMER Stefan, EMANS Antoon and CRÉPET Christian8 points ▸
Gazette deed
Permanent representatives: SPENCER Venetia, JANSSENS Virginia Domitilla and 2 others
Appointments: SOMMER Stefan, EMANS Antoon and CRÉPET Christian8 points ▸
- Board meeting, 09-05-2022
- Permanent representative, SPENCER Venetia (représentant permanent de l'administrateur)
- Permanent representative, JANSSENS Virginia Domitilla (représentant permanent de l'administrateur)
- Permanent representative, VAN DER GIESSEN Antonie (nouveau représentant permanent de l'administrateur)
- Permanent representative, SCHLEGEL Katharina (nouveau représentant permanent de l'administrateur)
- Director appointment, SOMMER Stefan (chair)
- Director appointment, EMANS Antoon (vice-chair)
- Director appointment, CRÉPET Christian (treasurer)
2021
16-12
4 publications in the Belgian Official Gazette, the last on 14-08-2026
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
History
Company details
Inactive
Inactive since August 2026
POLYREC has not been in the KBO register since 8 August 2026.
- Status
- Inactiveout of the register since 8 August 2026
- Last annual accounts
- financial year to 31 December 2025
- Last registered office
- Avenue Des Arts 6-9, 1210 Saint-Josse-Ten-Noodeas published on 14 August 2026
- Legal form
- Non-profit association
- Active since
- 14 December 2021
Sites & property
Location
Buildings and parcels at the address
Ground area
1,978 m²
Building footprint
1,248 m²
Building volume
35,787 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21572B0357/00M000 | Brussels | 1,978 m² | 1 · 1,248 m² | 42.2 m · 12 |
1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.