POLYREC
InactiveFrom the official registers: KBO 4 annual accounts at the National Bank publications in the Belgian Official Gazette
Overview
Official details
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
Who decides
Board
- Vinylplus AISBLChair · permanent representative Peter PRINZ
- PRE AISBLDirector · permanent representative Antoon EMANS
- EUMEPS AISBLDirector · permanent representative Lea SALIHOVIC-SARIC
- PCEP AISBLDirector · permanent representative Patrick NEUMANN
How it is doing
Inactive: 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 08-07-2026at the National Bank
Signalsraises riskPersistent lossesneutralLatest accounts filed on timeShow the evidence
Signals
Two signals.
raises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
22232425
2022 to 2025 · latest year -€73,924
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 08-07-2026, 23 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
23 days early
2024
1 day early
2023
5 days late
2022
30 days late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 3 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (1)
Financials · financial year 2025, micro format
Latest annual accounts filed
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 08-07-2026
- Format
- micro format
- Reference
- 2026-00292728
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 stays negative: a loss of €73,758 in 2025 against €18,433 in 2024; the loss grows and 2025 has the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€73,758
2025
Net result-€73,924
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€40,023
2025
Equity€10,057
2025
Debt€11,003
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€29,020
2025
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 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.
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 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
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
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 |
|
Owners and capital
Owners
This non-profit association has no shareholders or capital.
Other provisions of the articles of association
- Other provisionsRules from the articles on subjects other than the board, the shares, the purpose and the meetings.
- Other provision: “Les membres de l'ASBL, notamment ceux qui ont participé à la décision de liquidation en un seul acte, sont responsables des dettes…”1 more provision in the deed, see the deed of 14-08-2026
Articles of association, deed of 14-08-2026 (in French)
Group and network
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→
History
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2026
14-08
Gazette deed
End & cessationAdmissions: EUMEPS aisbl, VinylPlus aisbl and PRE aisbl · Auditor report · Dissolution18 facts ▸
Gazette deed
End & cessation
Admissions: EUMEPS aisbl, VinylPlus aisbl and PRE aisbl · Auditor report · Dissolution18 facts ▸
- 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)
- +6 further facts in this act
08-07
financial year 2025 · micro format
2025
31-12
Financial
Weakest financial yearnet -€73,924
Net result drops to -€73,924, the lowest in the series.
30-07
financial year 2024 · micro format
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 facts ▸
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 facts ▸
- 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) (2 times)
- Permanent representative, Antoon EMANS
- Director appointment, PCEP AISBL (trésorier de l'association) (2 times)
- 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)
- +14 further facts in this act
05-08
financial year 2023 · micro format · 5 days late
2023
31-12
Financial
Liquidity more than doubledcurrent ratio 17.77
Current ratio from 6.27 to 17.77; short-term debt falls from €19,955 to €4,113.
30-08
financial year 2022 · 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 facts ▸
Gazette deed
Permanent representatives: SPENCER Venetia, JANSSENS Virginia Domitilla and 2 others
Appointments: SOMMER Stefan, EMANS Antoon and CRÉPET Christian8 facts ▸
- 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)
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
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
Registered office and establishments
Buildings and parcels at the address
Ground area
1,978 m²
Building footprint
1,248 m²
Building volume
35,787 m³
Parcel 21572B0357/00M000, Brussels · tallest building 42.2 m.
1 parcel
Brussels
1
(100%)
| 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.