POLYTRA
ActiveSummary
POLYTRA has been active since 1974 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €12.0m and a net result of €219,024. Equity has been growing by about 15% per year since 2018. Its solvency ranks better than 57% of 861 sector peers (NACE 52, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 18-12-1974 Normal situation
- Activity
- Logistics services NACE 52250
- Joint committee
- 226 Paritair Comité voor de bedienden uit de internationale handel, het vervoer en de logistiek · annual accounts 2025
- Establishment unit
- 2.010.599.865 2018 Antwerpen, since 01-01-1975
- Financial year end
- 31 December
- Peppol
- Reachable
Board and ownership
Board
- Reisdorf RudolfDirector · since 28-06-2018
Shareholders
- FRACHT AGconsolidatesannual accounts 2025
- Holdings
- Shares in 4 companies including FRACHT BELGIUM AIR and FRACHT TRADING BELGIUM
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
Annual accounts 2025
- Turnover
- €64.5m
- ▼ 11.5%
- Profit
- €219,024
- ▼ 98.7%
- Equity
- €12.0m
- ▲ 1.9%
- Total assets
- €27.1m
- ▼ 3.7%
- Employees on 31-12-2025
- 50
- ▲ 8.7%
Filed on 14-07-2026, 17 days before the deadline
Score breakdownraises riskSector: Warehousing and support activities for transportation (NACE 52)lowers riskLiquidity: current ratio 2.00, cash €6.0mFounded in 1974Size: turnover €64.5m, 45.2 FTE, total assets €27.1mShow the evidence
Checked score
Score 2025
94
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 52% of small companies in warehousing and transport support (NACE 52)
Financial strength · tick: 2024
Strong
Solvency
69+2
equity 44.1% of total assets
Liquidity
61-10
short-term debt 36.0% · cash 22.2%
Profitability
56+7
return on assets 0.8%
Bankruptcy probability within 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.3%▲ +0.1 percentage points vs 04-2025highest value
06-2025: 0.1%▼ -0.2 percentage points vs 05-2025
07-2025: 0.2%▲ +0.1 percentage points vs 06-2025
08-2025: 0.1%▼ -0.1 percentage points vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026lowest value
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Credit of up to €1,100,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.0 (1.97 in 2024), above the usual 1.5. Short-term debt is 36% and cash 22.2% of total assets. However, 55.9% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 52, small). It does better than 62% of them on solvency, 80% on liquidity, 39% on profitability and 28% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 days early
2024
29 days early
2023
61 days early
2022
59 days late
2021
236 days late
2020
61 days late
2019
132 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 54 days after the deadline. In the sector (NACE 52), the median for financial year 2024 was 8 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 14 July (4 of the last 5 accounts filed within 76 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, full format
Annual accounts 2025 filed on 14-07-2026 at the NBB all 49 filings
Amounts without an identifiable currency are taken as euros.
Turnover
€64.5m▼ 11.5%
2024 · €72.8m
EBIT margin
2.0%▲ 1.7pp
2024 · 0.3%
Net result
€219,024▼ 98.7%
2024 · €17.2m
Working capital
€9.7m▼ 4.7%
2024 · €10.2m
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is nearly 5.8 times that of 2024. It is a recovery after the fall in 2024.
Turnover€64.5m
2025
Operating result€1.3m
2025
Net result€0.2m
2025
Total assets€27.1m
2025
Equity€12.0m
2025
Debt€15.2m
2025
Working capital€9.7m
2025
EBIT margin2.0%
2025
Return on assets (ROA)0.8%
2025
Solvency44.1%
2025
Current ratio2.00
2025
Staff (FTE)45.2
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.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Warehousing and support activities for transportation (NACE 52). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€52.9m-€60.4m▲ 14.4%€50.0m▼ 17.3%€66.0m▲ 32.0%€115.9m▲ 75.7%€86.8m▼ 25.1%€72.8m▼ 16.1%€64.5m▼ 11.5%
Operating result-€0.3m--€0.4m▼ 5.5%€0.3m€0.7m▲ 141%€1.7m▲ 137%€1.3m▼ 23.7%€0.2m▼ 82.8%€1.3m▲ 476%
Net result-€0.07m--€0.3m▼ 368%€0.2mwithin the sector's middle half-€1.7mbelow the sector's middle half€1.7mabove the sector's middle half€1.3mabove the sector's middle half▼ 25.4%€17.2mabove the sector's middle half▲ 13×€0.2mwithin the sector's middle half▼ 98.7%
EBIT margin-0.6%--0.6%▲ 0.1pp0.6%▲ 1.2pp1.1%▲ 0.5pp1.4%▲ 0.4pp1.5%=0.3%▼ 1.2pp2.0%▲ 1.7pp
Equity€5.5m-€5.2m▼ 6.2%€5.4mwithin the sector's middle half▲ 4.8%€6.1mwithin the sector's middle half▲ 12.0%€7.8mabove the sector's middle half▲ 28.4%€9.1mabove the sector's middle half▲ 16.5%€11.7mabove the sector's middle half▲ 29.6%€12.0mabove the sector's middle half▲ 1.9%
Total assets€16.7m-€23.0m▲ 37.7%€19.4mwithin the sector's middle half▼ 15.6%€28.1mabove the sector's middle half▲ 44.7%€37.6mabove the sector's middle half▲ 33.6%€31.5mabove the sector's middle half▼ 16.2%€28.2mabove the sector's middle half▼ 10.5%€27.1mabove the sector's middle half▼ 3.7%
Debt€11.2m-€17.9m▲ 59.2%€14.0m▼ 21.4%€22.1m▲ 57.3%€29.8m▲ 35.0%€22.4m▼ 24.8%€16.4m▼ 26.7%€15.2m▼ 7.6%
Working capital€3.0m-€3.4m▲ 11.2%€1.3mwithin the sector's middle half▼ 61.2%€0.5mwithin the sector's middle half▼ 59.1%-€1.7mbelow the sector's middle half€7.8mabove the sector's middle half€10.2mabove the sector's middle half▲ 31.2%€9.7mabove the sector's middle half▼ 4.7%
Solvency32.9%-22.4%▼ 10.5pp27.8%within the sector's middle half▲ 5.4pp21.5%within the sector's middle half▼ 6.3pp20.7%within the sector's middle half▼ 0.8pp28.8%within the sector's middle half▲ 8.1pp41.7%within the sector's middle half▲ 12.9pp44.1%within the sector's middle half▲ 2.4pp
Current ratio1.43-1.37▼ 0.051.18within the sector's middle half▼ 0.191.03within the sector's middle half▼ 0.150.93within the sector's middle half▼ 0.101.74within the sector's middle half▲ 0.811.97within the sector's middle half▲ 0.232.00within the sector's middle half▲ 0.02
Return on assets (ROA)-0.4%--1.5%▼ 1.0pp1.3%within the sector's middle half▲ 2.7pp-6.0%below the sector's middle half▼ 7.2pp4.6%within the sector's middle half▲ 10.6pp4.1%within the sector's middle half▼ 0.5pp61.0%above the sector's middle half▲ 56.9pp0.8%within the sector's middle half▼ 60.2pp
Staff (FTE)44.2-47.3▲ 7.0%43within the sector's middle half▼ 9.1%46.4within the sector's middle half▲ 7.9%43.1within the sector's middle half▼ 7.1%44.1within the sector's middle half▲ 2.3%42.7within the sector's middle half▼ 3.2%45.2within the sector's middle half▲ 5.9%
above
within
below
The sector band is the middle half of the companies in Warehousing and support activities for transportation (NACE 52). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €27.1m
Fixed assets
€7.6m ▲ 2.3%
Current assets
€19.5m ▼ 5.8%
Equity and liabilities €27.1m
Equity
€12.0m ▲ 1.9%
Debt
€15.2m ▼ 7.6%
Debt's share of the balance-sheet total falls from 58.3% to 55.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.3m▲
2024 · €314,165
Cash flow
€301,833▼
2024 · €17.3m
Debt to equity
1.27▼
2024 · 1.40
ROE
1.8%▼
2024 · 146.4%
Interest coverage
8.74▲
2024 · 1.46
Debt ≤ 1 year
€9.8m▼
2024 · €10.5m
Debt > 1 year
€5.2m▼
2024 · €5.6m
Income taxes
€142,093▲
2024 · -€50,804
Customer credit
65 days▲
2024 · 53 days
Supplier credit
59 days▲
2024 · 55 days
Staff costs
€4.0m▼
2024 · €4.2m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 47 | 43 | 45 | 46 | 50 |
| full-time | 45 | 41 | 41 | 42 | 44 |
| part-time | 2 | 2 | 4 | 4 | 6 |
| in full-time equivalents | 46 | 42 | 43.7 | 44.6 | 47.9 |
| Average over the year, in full-time equivalents | 46.4 | 43.1 | 44.1 | 45.2 | 45.2 |
| On a permanent contract | 46 | 43 | 45 | 46 | 50 |
| Joined | 28 | 13 | 13 | 14 | 20 |
| Left | 26 | 17 | 11 | 13 | 16 |
| Agency workers, average number | 0.8 | 1.2 | 0.3 | 0.2 | 0.2 |
| Training hours | 111 | - | 228 | 414 | 523 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Pledge on the business | - | - | - | €825,000 | €825,000 |
| Mandates to pledge the business | €825,000 | €825,000 | €825,000 | - | - |
| Pledge on other assets, amount secured | - | - | - | €175,000 | €175,000 |
| Carrying value of the other pledged assets | - | - | - | €174,982 | €168,495 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €35,502 | €370,964 | €363,582 | €28,564 | €53,964 |
| Intangible fixed assets | - | - | - | - | €202,812 |
| Financial fixed assets | €699 | - | - | €42,867 | €250,000 |
| Depreciation and write-downs of the year | €24,813 | €83,173 | €73,322 | €95,186 | €82,809 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Auditor
The auditor is GRANT THORNTON BEDRIJFSREVISOREN - REVISEURS D'ENTREPRISES.
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Fee for the audit | €14,197 | €23,475 | €21,956 | €22,558 | €23,232 |
| Other work by the auditor | €2,300 | - | - | €15,046 | - |
| Work by persons linked to the auditor | - | - | - | - | €11,500 |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
Subsidies and aid
Flemish government
2025 · 1 entry · €567 awarded · €567 paidSchemes
Comparable companies
These companies have the same main activity as POLYTRA: logistics services (NACE 52250). They are comparable in size and age: total assets between €11m and €43m, founded between 1957 and 1993.
| Company | Founded | Total assets | Equity | Turnover | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| POLYTRA Antwerpen | 1974 | €27.1m | €12.0m | €64.5m | €0.2m | 45.2 | 2025 |
| SHIPEX Antwerpen | 1982 | €42.6m | €1.6m | €90.1m | €2.8m | 47 | 2025 |
| ECU WORLDWIDE (BELGIUM) Antwerpen | 1987 | €29.6m | €4.8m | €60.1m | -€4.2m | 73.2 | 2026 |
| VALKENIERSNATIE STORAGE Antwerpen | 1957 | €35.2m | €4.3m | €56.7m | -€0.08m | 28.7 | 2025 |
| Scanfor Wommelgem | 1993 | €20.5m | €1.8m | €83.8m | -€0.5m | 60.2 | 2025 |
| MEDLOG Antwerpen | 1988 | €40.5m | €13.4m | €130.5m | €2.1m | 52 | 2025 |
| Remant Globe Logistics Antwerpen | 1991 | €11.3m | €3.5m | €55.9m | €1.2m | 40.1 | 2025 |
They were chosen from the 1,635 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 14,766 companies had the same profile as POLYTRA has now. Two years later, 0.2% had gone bankrupt and 96.2% were still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96.2%
was still going
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of POLYTRA itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 14,766 companies, not a prediction for POLYTRA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €67.4m | €117.6m | €89.3m | €75.3m | €67.2m | ▼ 10.8% |
| Turnover70 | €52.9m | €60.4m | €50.0m | €66.0m | €115.9m | €86.8m | €72.8m | €64.5m | ▼ 11.5% |
| Other operating income74 | - | - | - | €1.4m | €1.7m | €2.5m | €2.5m | €2.7m | ▲ 7.0% |
| Non-recurring operating income76A | - | - | - | €0.005m | - | €0.004m | €230 | €0.02m | ▲ 77× |
| Operating charges60/66A | - | - | - | €66.7m | €115.9m | €88.0m | €75.1m | €65.9m | ▼ 12.3% |
| Goods for resale, raw materials and consumables60 | - | - | - | - | €0.006m | €80.3m | €65.7m | €57.2m | ▼ 12.9% |
| Purchases600/8 | - | - | - | - | €0.006m | €80.3m | €65.7m | €57.2m | ▼ 12.9% |
| Services and other goods61 | - | - | - | €63.0m | €112.0m | €3.7m | €4.8m | €4.5m | ▼ 6.7% |
| Remuneration, social security and pensions62 | - | - | - | €3.4m | €3.7m | €4.2m | €4.2m | €4.0m | ▼ 3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.03m | €0.03m | €0.04m | €0.02m | €0.08m | €0.07m | €0.1m | €0.08m | ▼ 13.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0.1m | - | -€1.8m | - | €0.001m | - |
| Other operating charges640/8 | - | - | - | €0.2m | €0.1m | €1.6m | €0.3m | €0.07m | ▼ 80.0% |
| Non-recurring operating charges66A | - | - | - | - | - | €0.002m | - | - | - |
| Operating profit (loss)9901 | -€0.3m | -€0.4m | €0.3m | €0.7m | €1.7m | €1.3m | €0.2m | €1.3m | ▲ 476% |
| Financial income75/76B | - | - | - | €1.3m | €2.4m | €1.7m | €18.3m | €1.0m | ▼ 94.8% |
| Recurring financial income75 | €0.4m | €0.2m | €0.4m | €0.5m | €2.4m | €1.0m | €4.4m | €1.0m | ▼ 78.1% |
| Income from financial fixed assets750 | - | - | - | €0.1m | €0.2m | €0.3m | €2.6m | €0.3m | ▼ 87.5% |
| Income from current assets751 | - | - | - | - | - | €0.02m | €0.1m | €0.01m | ▼ 90.5% |
| Other financial income752/9 | - | - | - | €0.3m | €2.2m | €0.7m | €1.6m | €0.6m | ▼ 62.5% |
| Non-recurring financial income76B | - | - | - | €0.9m | - | €0.6m | €13.9m | - | - |
| Financial charges65/66B | - | - | - | €3.7m | €1.5m | €1.3m | €1.4m | €1.9m | ▲ 33.4% |
| Recurring financial charges65 | €0.2m | €0.1m | €0.4m | €0.4m | €1.5m | €1.3m | €1.4m | €1.9m | ▲ 33.6% |
| Debt charges650 | €0.05m | €0.1m | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 28.7% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | - | - | - | - | - | - | €95 | - | - |
| Other financial charges652/9 | - | - | - | €0.3m | €1.3m | €1.1m | €1.2m | €1.7m | ▲ 45.0% |
| Non-recurring financial charges66B | - | - | - | €3.3m | - | - | €0.002m | - | - |
| Profit (loss) for the period before taxes9903 | -€0.03m | -€0.3m | €0.3m | -€1.7m | €2.6m | €1.6m | €17.1m | €0.4m | ▼ 97.9% |
| Income taxes67/77 | €0.04m | €0.002m | €0.04m | -€147 | €0.9m | €0.3m | -€0.05m | €0.1m | - |
| Taxes670/3 | - | - | - | - | €0.9m | €0.3m | €0.3m | €0.2m | ▼ 40.8% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €147 | - | €0.008m | €0.3m | €0.01m | ▼ 96.3% |
| Profit (loss) for the period9904 | -€0.07m | -€0.3m | €0.2m | -€1.7m | €1.7m | €1.3m | €17.2m | €0.2m | ▼ 98.7% |
| Profit (loss) for the period to be appropriated9905 | -€0.07m | -€0.3m | €0.2m | -€1.7m | €1.7m | €1.3m | €17.2m | €0.2m | ▼ 98.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €16.7m | €23.0m | €19.4m | €28.1m | €37.6m | €31.5m | €28.2m | €27.1m | ▼ 3.7% |
| Fixed assets21/28 | €6.5m | €10.6m | €10.8m | €10.9m | €14.4m | €13.2m | €7.4m | €7.6m | ▲ 2.3% |
| Intangible fixed assets21 | - | - | - | - | - | - | - | €0.2m | - |
| Tangible fixed assets22/27 | €0.1m | €0.1m | €0.1m | €0.1m | €0.4m | €0.7m | €0.6m | €0.6m | ▼ 4.6% |
| Land and buildings22 | - | - | - | - | €0.3m | €0.3m | €0.2m | €0.2m | ▼ 4.0% |
| Plant, machinery and equipment23 | - | - | - | €0.01m | - | €0.1m | €0.1m | €0.1m | ▼ 11.9% |
| Furniture and vehicles24 | - | - | - | €0.07m | €0.04m | €0.3m | €0.2m | €0.2m | ▼ 1.8% |
| Other tangible fixed assets26 | - | - | - | €0.07m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Assets under construction and advance payments27 | - | - | - | - | €0.08m | - | - | - | - |
| Financial fixed assets28 | €6.4m | €10.4m | €10.7m | €10.7m | €14.0m | €12.5m | €6.8m | €6.8m | = |
| Affiliated companies280/1 | - | - | - | €10.5m | €13.8m | €12.3m | €6.6m | €6.6m | ▲ 0.3% |
| Participating interests280 | - | - | - | €0.7m | €0.7m | €1.3m | €0.8m | €1.1m | ▲ 34.3% |
| Amounts receivable281 | - | - | - | €9.9m | €13.1m | €11.0m | €5.8m | €5.6m | ▼ 4.3% |
| Companies linked by participating interests282/3 | - | - | - | - | - | - | €0.02m | - | - |
| Participating interests282 | - | - | - | - | - | - | €0.02m | - | - |
| Other financial fixed assets284/8 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Amounts receivable and cash guarantees285/8 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Current assets29/58 | €10.2m | €12.5m | €8.6m | €17.2m | €23.1m | €18.3m | €20.7m | €19.5m | ▼ 5.8% |
| Amounts receivable after more than one year29 | - | - | - | - | €0.1m | - | €0.1m | - | - |
| Other amounts receivable291 | - | - | - | - | €0.1m | - | €0.1m | - | - |
| Amounts receivable within one year40/41 | €7.7m | €11.3m | €7.8m | €11.6m | €19.2m | €13.2m | €11.8m | €12.3m | ▲ 3.9% |
| Trade receivables40 | - | - | - | €11.4m | €18.2m | €12.8m | €10.6m | €11.4m | ▲ 7.8% |
| Other amounts receivable41 | - | - | - | €0.1m | €1.0m | €0.4m | €1.2m | €0.9m | ▼ 30.2% |
| Cash at bank and in hand54/58 | €0.3m | €1.1m | €0.7m | €2.7m | €3.5m | €4.7m | €8.6m | €6.0m | ▼ 29.7% |
| Deferred charges and accrued income490/1 | - | - | - | €3.0m | €0.3m | €0.4m | €0.2m | €1.2m | ▲ 498% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €16.7m | €23.0m | €19.4m | €28.1m | €37.6m | €31.5m | €28.2m | €27.1m | ▼ 3.7% |
| Equity10/15 | €5.5m | €5.2m | €5.4m | €6.1m | €7.8m | €9.1m | €11.7m | €12.0m | ▲ 1.9% |
| Contributions10/11 | €5.6m | €5.6m | €5.6m | €8.0m | €8.0m | €8.0m | €8.0m | €8.0m | = |
| Capital10 | - | - | - | €8.0m | €8.0m | €8.0m | €8.0m | €8.0m | = |
| Issued capital100 | - | - | - | €8.0m | €8.0m | €8.0m | €8.0m | €8.0m | = |
| Revaluation surpluses12 | - | - | - | - | - | - | €0.03m | €0.03m | = |
| Reserves13 | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €1.3m | €1.3m | = |
| Non-distributable reserves130/1 | - | - | - | €0.07m | €0.07m | €0.1m | €0.8m | €0.8m | = |
| Legal reserve130 | - | - | - | €0.07m | €0.07m | €0.1m | €0.8m | €0.8m | = |
| Tax-exempt reserves132 | - | - | - | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Profit (loss) carried forward14 | -€0.7m | -€1.0m | -€0.8m | -€2.5m | -€0.8m | €0.5m | €2.4m | €2.7m | ▲ 9.0% |
| Amounts payable17/49 | €11.2m | €17.9m | €14.0m | €22.1m | €29.8m | €22.4m | €16.4m | €15.2m | ▼ 7.6% |
| Amounts payable after more than one year17 | €3.4m | €7.9m | €6.3m | €4.7m | €4.5m | €11.4m | €5.6m | €5.2m | ▼ 6.8% |
| Financial debts170/4 | - | - | - | €4.7m | €4.5m | €11.4m | €5.6m | €5.2m | ▼ 6.8% |
| Credit institutions173 | - | - | - | - | - | €0.04m | €0.01m | - | - |
| Other loans174 | - | - | - | €4.7m | €4.5m | €11.4m | €5.6m | €5.2m | ▼ 6.6% |
| Amounts payable within one year42/48 | €7.2m | €9.1m | €7.3m | €16.7m | €24.8m | €10.5m | €10.5m | €9.8m | ▼ 7.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €0.5m | - | €0.01m | €0.01m | ▼ 30.5% |
| Financial debts43 | - | - | - | €7.2m | €7.8m | - | - | - | - |
| Other loans439 | - | - | - | €7.2m | €7.8m | - | - | - | - |
| Trade debts44 | €6.2m | €8.1m | €6.5m | €8.8m | €14.9m | €9.4m | €9.9m | €9.2m | ▼ 7.1% |
| Suppliers440/4 | - | - | - | €8.8m | €14.9m | €9.4m | €9.9m | €9.2m | ▼ 7.1% |
| Taxes, remuneration and social security45 | - | - | - | €0.5m | €1.4m | €1.1m | €0.6m | €0.5m | ▼ 4.8% |
| Taxes450/3 | - | - | - | €0.1m | €0.9m | €0.6m | - | - | - |
| Remuneration and social security454/9 | - | - | - | €0.4m | €0.6m | €0.5m | €0.6m | €0.5m | ▼ 4.8% |
| Other amounts payable47/48 | - | - | - | €0.2m | €0.2m | €0.005m | - | €0.003m | - |
| Accrued charges and deferred income492/3 | - | - | - | €0.7m | €0.4m | €0.5m | €0.3m | €0.2m | ▼ 42.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.07m | -€0.3m | €0.2m | -€1.7m | €1.7m | €1.3m | €17.2m | €0.2m | ▼ 98.7% |
| + Depreciation and write-downs630 | €0.03m | €0.03m | €0.04m | €0.02m | €0.08m | €0.07m | €0.1m | €0.08m | ▼ 13.0% |
| Operating cash flow (approximation) | -€0.05m | -€0.3m | €0.3m | -€1.7m | €1.8m | €1.4m | €17.3m | €0.3m | ▼ 98.3% |
| Investment in fixed assets (approximation) | - | -€4.1m | -€0.3m | -€0.08m | -€3.6m | €1.2m | €5.6m | -€0.3m | - |
| Change in cash | - | €0.8m | -€0.5m | €2.0m | €0.8m | €1.1m | €3.9m | -€2.5m | - |
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 49 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 14-07-2026 | 2026-00301145 | NBB |
| 31-12-2024 | full format | 02-07-2025 | 2025-00215133 | |
| 31-12-2023 | full format | 31-05-2024 | 2024-00102421 | |
| 31-12-2022 | full format | 28-09-2023 | 2023-00462198 | |
| 31-12-2021 | full format | 24-03-2023 | 2023-00046268 | |
| 31-12-2020 | full format | 30-09-2021 | 2021-70500461 | |
| 31-12-2019 | full format | 10-12-2020 | 2020-75700091 | |
| 31-12-2018 | full format | 12-07-2019 | 2019-33000276 | |
| 31-12-2017 | full format | 10-07-2019 | 2019-32600011 | |
| 31-12-2016 | full format | 07-07-2017 | 2017-28000112 |
Board & ownership
Directors
Directors
1 director
Board 1
Reisdorf Rudolf
Current
Statutory auditor 1
GRANT THORNTON BEDRIJFSREVISOREN - REVISEURS D'ENTREPRISES
Current
Statutory auditor · appointed in the act of 02-03-2023 · permanent representative: Danny De Jonge
Owners and capital
Shareholders
1 ownerChain of control
- FRACHT AG
- POLYTRA
Owners 1
- FRACHT AGconsolidating parentconsolidates
Mandate history
2 people, 2 in office
- Board
- Statutory auditor
| Name | Functions and periods |
|---|---|
| Reisdorf Rudolf |
|
| GRANT THORNTON BEDRIJFSREVISOREN - REVISEURS D'ENTREPRISES |
|
Network & group
Holdings and subsidiaries
4 holdingsHoldings 4
Source for every holding own accounts 2025
- FRACHT BELGIUM AIRsubsidiaryEquity €2.5m Profit of €358,342 in 2025 (profit of €733,709 in 2024) Checked score 89100%
- FRACHT TRADING BELGIUMsubsidiaryEquity €2.3m Profit of €5,194 in 2025 (profit of €323,370 in 2024) Checked score 89100%
- Polytra Deutschland GmbHsubsidiaryEquity -€16,271Result -€5,09599.8%
- Equity €167,058 Profit of €91,978 in 2025 (profit of €32,840 in 2024) Checked score 9046%
Board mandates elsewhere
2 board mandatesBoard mandates of POLYTRAPOLYTRA sits on their board2
Companies at the same address
2 other companiesConnections & network
1 current directorThe board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
This company
Company
Director
Shareholding
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Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
14-07
full format · 17 days before the deadline
2025
02-07
full format · 29 days before the deadline
2024
31-12
Financial
Highest result from 2018 to 2025net €17.2m ▲1,239%
The net result of €17.2m is the highest of those years.
31-12
Financial
Equity above €10mequity €11.7m ▲29.6%
After 3 profitable years in a row, equity reaches €11.7m.
31-05
full format · 61 days before the deadline
2023
28-09
Gazette deed
Appointment: Grant Thompton Bedrijfsrevisoren CVBA (statutory auditor)Permanent representative: Liesbet Desmedt3 points ▸
Gazette deed
Appointment: Grant Thompton Bedrijfsrevisoren CVBA (statutory auditor)
Permanent representative: Liesbet Desmedt3 points ▸
- General meeting, 14-10-2022
- Auditor appointment, Grant Thompton Bedrijfsrevisoren CVBA (statutory auditor)
- Permanent representative, Liesbet Desmedt
28-09
full format · 59 days late
12-05
Gazette deed
Registered office moved to AntwerpenPermanent representative: Liesbet Desmedt3 points ▸
Gazette deed
Registered office moved to Antwerpen
Permanent representative: Liesbet Desmedt3 points ▸
- General meeting, 27-03-2023
- Registered-office move, Verzicht Gebouw - Desguinlei 92 verdieping 15 te 2018 Antwerpen
- Permanent representative, Liesbet Desmedt
24-03
full format · 236 days late
02-03
Gazette deed
Appointment: Grant Thornton CVBA (statutory auditor)2 points ▸
Gazette deed
Appointment: Grant Thornton CVBA (statutory auditor)
2 points ▸
- General meeting, 25-06-2019
- Auditor appointment, Grant Thornton CVBA (statutory auditor)
2022
31-12
Financial
Back to profitnet €1.7m
The net result is €1.7m, after one loss-making year.
2021
31-12
Financial
Weakest financial yearnet -€1.7m
The net result drops to -€1.7m, the lowest from 2018 to 2025. It recovers the following year.
Show earlier events
30-09
full format · 61 days late
2020
31-12
Financial
Back to profitnet €245,219
The net result is €245,219, after 2 loss-making years.
10-12
full format · 132 days late
2019
2017
07-07
full format · 24 days before the deadline
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
Register details
Identity
KBO recordName
POLYTRA in Dutch
Enterprise number
0414.348.267
Legal form
Public limited company
Status
Active, normale toestand
Founded
18-12-1974
Entity type
Legal entity
Registered office and establishments
Registered office
Desguinlei 92, 2018 Antwerpen, Belgium
Establishment unit
POLYTRA, Desguinlei 92, 2018 Antwerpen since 01-01-1975 · unit number 2.010.599.865
Activities
NACEBEL 2025VAT activities
52250
Logistics services main activity
Social security (RSZ) activities
52250
Logistics services main activity
Codes under NACEBEL 2008
VAT activities
52290
Warehousing and support activities for transportation main activity
Social security (RSZ) activities
52290
Warehousing and support activities for transportation main activity
Codes under NACEBEL 2003
VAT activities
63401
main activity
Social security (RSZ) activities
63403
main activity
Joint committee
226 Paritair Comité voor de bedienden uit de internationale handel, het vervoer en de logistiek annual accounts 2025
Invoicing and payment
VAT number
BE 0414.348.267
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Recognitions · licences · registrations
Legal Entity Identifier
254900TCJN9GZUXD2182
Sites & property
Location
Buildings and parcels at the address
Ground area
3,332 m²
Building footprint
1,205 m²
Building volume
34,820 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11810K2181/00C002 | Flanders | 3,332 m² | 1 · 1,205 m² | 59.0 m · 7 |