POLYTHERM
InactivePOLYTHERM was declared bankrupt on 06-07-2023 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed for insufficient assets by judgment of 26-11-2024, published in the Belgian State Gazette on 02-12-2024.
Summary
Inactive; last annual accounts for fiscal year 2022.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline27-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 21-08-2023, 21 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
21 d late
2021
61 d late
2020
110 d late
2019
91 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 71 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2022, abbreviated schema
Equity
-€11,257▲ 17.7%
2021 · -€13,676
Total assets
€3,976▼ 91.9%
2021 · €49,300
Net result
€2,419
2021 · -€15,748
Working capital
-€13,188▲ 16.0%
2021 · -€15,701
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022
Operating result-€10,890--€1,731▲ 84.1%-€7,305▼ 322%-€15,535▼ 113%€2,600
Net result-€12,039--€1,843▲ 84.7%-€7,331▼ 298%-€15,748▼ 115%€2,419
Equity€11,246-€9,403▼ 16.4%€2,072▼ 78.0%-€13,676-€11,257▲ 17.7%
Total assets€44,152-€45,094▲ 2.1%€52,559▲ 16.6%€49,300▼ 6.2%€3,976▼ 91.9%
Debt€32,906-€35,691▲ 8.5%€50,487▲ 41.5%€62,976▲ 24.7%€15,233▼ 75.8%
Working capital€7,491-€6,423▼ 14.3%-€134-€15,701▼ 11,620%-€13,188▲ 16.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2022: €2,600 after a loss of €15,535 in 2021, the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €3,976
Fixed assets
€1,931 ▼ 4.6%
Current assets
€2,045 ▼ 95.7%
Key figures and ratios
EBITDA
€2,694▲
2021 · -€15,354
Cash flow
€2,513▲
2021 · -€15,567
Interest coverage
14.86▲
2021 · -72.06
Debt ≤ 1 year
€15,233▼
2021 · €62,976
Ratios withheld: a balance sheet total of €3,976 is too small for a meaningful ratio.
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 | 2022 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,441 | €775 | €775 | €181 | €94 | ▼ 48.3% |
| Other operating charges640/8 | - | - | - | €901 | €231 | ▼ 74.4% |
| Gross operating margin9900 | -€6,670 | €556 | -€6,120 | -€14,454 | €2,925 | ▲ 120% |
| Operating profit (loss)9901 | -€10,890 | -€1,731 | -€7,305 | -€15,535 | €2,600 | ▲ 117% |
| Financial income75/76B | - | - | - | - | €0 | - |
| Recurring financial income75 | €43 | €35 | €1 | - | €0 | - |
| Financial charges65/66B | - | - | - | €213 | €181 | ▼ 14.9% |
| Recurring financial charges65 | €1,026 | €146 | €27 | €213 | €181 | ▼ 14.9% |
| Profit (loss) for the period before taxes9903 | -€11,874 | -€1,843 | -€7,331 | -€15,748 | €2,419 | ▲ 115% |
| Income taxes67/77 | €165 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€12,039 | -€1,843 | -€7,331 | -€15,748 | €2,419 | ▲ 115% |
| Profit (loss) for the period to be appropriated9905 | -€12,039 | -€1,843 | -€7,331 | -€15,748 | €2,419 | ▲ 115% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €44,152 | €45,094 | €52,559 | €49,300 | €3,976 | ▼ 91.9% |
| Fixed assets21/28 | €3,755 | €2,981 | €2,206 | €2,025 | €1,931 | ▼ 4.6% |
| Tangible fixed assets22/27 | €1,824 | €1,049 | €275 | €94 | - | - |
| Plant, machinery and equipment23 | - | - | - | €94 | - | - |
| Financial fixed assets28 | €1,931 | €1,931 | €1,931 | €1,931 | €1,931 | = |
| Current assets29/58 | €40,397 | €42,113 | €50,353 | €47,275 | €2,045 | ▼ 95.7% |
| Amounts receivable within one year40/41 | €32,515 | €34,927 | €44,586 | €43,157 | €1,277 | ▼ 97.0% |
| Trade receivables40 | - | - | - | €42,454 | €610 | ▼ 98.6% |
| Other amounts receivable41 | - | - | - | €703 | €668 | ▼ 5.0% |
| Cash at bank and in hand54/58 | €7,559 | €6,858 | €5,767 | €4,118 | €768 | ▼ 81.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €44,152 | €45,094 | €52,559 | €49,300 | €3,976 | ▼ 91.9% |
| Equity10/15 | €11,246 | €9,403 | €2,072 | -€13,676 | -€11,257 | ▲ 17.7% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | = |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | - | - | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | €3,187 | €1,344 | -€5,987 | -€21,735 | -€19,316 | ▲ 11.1% |
| Amounts payable17/49 | €32,906 | €35,691 | €50,487 | €62,976 | €15,233 | ▼ 75.8% |
| Amounts payable within one year42/48 | €32,906 | €35,691 | €50,487 | €62,976 | €15,233 | ▼ 75.8% |
| Trade debts44 | €634 | €1,662 | €1,552 | €4,358 | €504 | ▼ 88.4% |
| Suppliers440/4 | - | - | - | €4,358 | €504 | ▼ 88.4% |
| Other amounts payable47/48 | - | - | - | €58,619 | €14,729 | ▼ 74.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€12,039 | -€1,843 | -€7,331 | -€15,748 | €2,419 | ▲ 115% |
| + Depreciation and write-downs630 | €2,441 | €775 | €775 | €181 | €94 | ▼ 48.3% |
| Operating cash flow (approximation) | -€9,598 | -€1,068 | -€6,557 | -€15,567 | €2,513 | ▲ 116% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€701 | -€1,091 | -€1,649 | -€3,350 | ▼ 103% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2024
02-12
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 26-11-2024
2023
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 21 days late
13-07
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 06-07-2023
2022
31-12
Financial
Back to profitnet €2,419
Net result €2,419 after 4 loss-making years.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 61 days late
2021
31-12
Financial
Weakest financial yearnet -€15,748
Net result drops to -€15,748, the lowest in the series.
18-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 110 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 91 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 59 days late
2017
03-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 3 days late
2016
08-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 8 days late
2015
13-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
12-09
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 43 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | SVEN LEENDERS GROTE STEENWEG 154,
2600 BERCHEM (ANTWERPEN) |
06-07-2023 → 26-11-2024 |