POLYWEST
InactiveNo longer registered with the KBO; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline16-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 31-05-2021, 61 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
61 d early
2019
59 d late
← before the deadline
after the deadline →
Financials · fiscal year 2020, full schema
Turnover
€320k▲ 1.3%
2019 · €316k
2018: €308k
2019: €316k
2018 → 2020
EBIT margin
68.8%▲ 7.6pp
2019 · 61.1%
2018: 60.1%
2019: 61.1%
2018 → 2020
Net result
€165k▲ 18.5%
2019 · €140k
2018: €134k
2019: €140k
2018 → 2020
Working capital
€1.20M▲ 16.0%
2019 · €1.03M
2018: €894k
2019: €1.03M
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Turnover€308k-€316k▲ 2.7%€320k▲ 1.3%
Equity€571k-€710k▲ 24.5%€875k▲ 23.3%
Operating result€185k-€193k▲ 4.6%€220k▲ 13.9%
Net result€134k-€140k▲ 4.2%€165k▲ 18.5%
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2020 is 14% above 2019 and is the highest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Equity and liabilities €1.29M
Equity
€875k▲ 23.3%
Provisions
€323k=
Debt
€89k▼ 3.2%
The debt ratio falls from 8.1% to 6.9%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
68.0%▲
2019 · 63.1%
Current ratio
14.51▲
2019 · 12.27
Quick ratio
14.51▲
2019 · 12.27
ROE
18.9%▼
2019 · 19.6%
ROA
12.8%▲
2019 · 12.4%
Debt
€89k▼
2019 · €92k
Debt ≤ 1 year
€89k▼
2019 · €92k
Income taxes
€60k▲
2019 · €59k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2020 against 2019
Balance sheet
Code20192020
Assets
Total assets20/58€1.12M€1.29M▲
Current assets29/58€1.12M€1.29M▲
Amounts receivable within one year40/41€65k€67k▲
Cash at bank and in hand54/58€1.03M€1.19M▲
Equity and liabilities
Total equity and liabilities10/49€1.12M€1.29M▲
Equity10/15€710k€875k▲
Contributions10/11€397k€397k=
Reserves13€40k€40k=
Profit (loss) carried forward14€274k€439k▲
Provisions and deferred taxes16€323k€323k=
Amounts payable17/49€92k€89k▼
Amounts payable within one year42/48€92k€89k▼
Trade debts44€21k€21k▲
Income statement
Code20192020
Turnover70€316k€320k▲
Operating profit (loss)9901€193k€220k▲
Recurring financial income75€5k€6k▲
Recurring financial charges65€451€243▼
Profit (loss) for the period before taxes9903€198k€226k▲
Income taxes67/77€59k€60k▲
Profit (loss) for the period9904€140k€165k▲
Profit (loss) for the period to be appropriated9905€140k€165k▲
Timeline · acts, filings and financial milestones
2021
02-09
State Gazette act
General meeting · Merger
Capital increase · Purpose change · Johan Kiebooms
24-06
State Gazette act
Merger · Accounting effect
Corporate purpose · Purpose change
31-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €165k ▲18.5%
Operating result €220k, net result €165k, both a record.
28-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 59 days late
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
07-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
16-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 47 days late
2015
15-05
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
16-05
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
29-05
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
2012
27-06
NBB filing
Annual accounts filed
fiscal year 2011 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Structure & network
Acquisitions and mergers
1 transactionTaken over by:EUROPORTS TERMINALS LEFTBANK