POLYMER PROCESSING
The computed 12-month bankruptcy probability of POLYMER PROCESSING is 0.7% (low). The 2024 annual accounts show equity of €29.05M and a net result of €982k. Equity is shrinking by ~5.9% per year across the filed fiscal years. Its solvency ranks better than 60% of 104 sector peers (fiscal year 2024). The company has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €29.05M |
| Net result | €982k |
| Staff (FTE) | 42.2 |
| Better than sector | 60% |
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 35.6% | 26.9% | |
| Net result | €982k | €33k | |
| Equity | €29.05M | €418k | |
| Staff costs | €3.54M | €677k | |
| Employees (FTE) | 42.2 | 16.5 |
Show 15 other metrics
| Fiscal year | 2024 |
|---|---|
| Deposit | volledig |
| Revenue | €56.11M |
| EBITDA | €2.74M |
| Net profit | €982k |
| Cash flow | €3.20M |
| Staff costs | €3.54M |
| Income taxes | €15k |
| Dividends | - |
| Total assets | €81.67M |
| Equity | €29.05M |
| Debt | €52.50M |
| of which ≤ 1y | €13.04M |
| of which > 1y | €39.35M |
| Working capital | €4.04M |
| Employees (FTE) | 42.2 |
| 2024 | |
|---|---|
| Current ratio | 1.31 |
| Quick ratio | 1.31 |
| Working capital ratio | 4.9% |
| Solvency | 35.6% |
| Debt / equity | 1.81 |
| Long-term debt ratio | 1.35 |
| Interest coverage | 1.88 |
| Gross margin | - |
| Net margin | 1.7% |
| ROA | 1.2% |
| ROE | 3.4% |
| EBITDA margin | 4.9% |
| Days sales outstanding | 64d |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Full annual accounts (24 line items)
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €81.67M |
| Fixed assets | 21/28 | €64.58M |
| Tangible fixed assets | 22/27 | €3.70M |
| Financial fixed assets | 28 | €60.88M |
| Current assets | 29/58 | €17.08M |
| Amounts receivable within one year | 40/41 | €16.54M |
| Cash & bank | 54/58 | €58k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €81.67M |
| Equity | 10/15 | €29.05M |
| Contributions / capital | 10/11 | €912k |
| Reserves | 13 | €28.14M |
| Provisions & deferred taxes | 16 | €116k |
| Amounts payable | 17/49 | €52.50M |
| Amounts payable after one year | 17 | €39.35M |
| Amounts payable within one year | 42/48 | €13.04M |
| Trade debts payable within one year | 44 | €9.03M |
| Income statement | ||
| Turnover | 70 | €56.11M |
| Operating result | 9901 | €528k |
| Financial income | 75 | €1.34M |
| Financial charges | 65 | €1.48M |
| Result before taxes | 9903 | €985k |
| Income taxes | 67/77 | €15k |
| Net result for the period | 9904 | €982k |
| Result to be appropriated | 9905 | €1.02M |
-
Bob CarlierBijkomend bestuurderState Gazette act 23107057 (17-08-2023)Current17-08-2023 → present
-
Charlotte VangramberenBijkomend bestuurderState Gazette act 23020894 (13-02-2023)Current13-02-2023 → present
-
Stefaan VanhoutteDirectorState Gazette act 22125755 (21-10-2022)Current21-10-2022 → present
-
Suzanna Van GoethemDirectorState Gazette act 22125755 (21-10-2022)Current11-10-2016 → present
2 events
- 21-10-2022 Appointed· Director
- 11-10-2016 Appointed· Director
-
Ivo CretonDirectorState Gazette act 22125755 (21-10-2022)Current16-06-2015 → present
3 events
- 21-10-2022 Appointed· Director
- 11-10-2016 Appointed· Director
- 16-06-2015 Appointed· Director
Historic, not recently confirmed (1)
-
Stefan VanhoutteDirectorState Gazette act 16139886 (11-10-2016)Not recently confirmedlast confirmed in an act from 2016
Former directors (3)
-
Fabian LeroyDirectorState Gazette act 22125755 (21-10-2022)Former11-10-2016 → 22-12-2023
3 events
- 22-12-2023 Resigned· Director
- 21-10-2022 Appointed· Director
- 11-10-2016 Appointed· Director
-
Tim PeetersBijkomend bestuurderState Gazette act 18139758 (18-09-2018)Former18-09-2018 → 28-11-2019
2 events
- 28-11-2019 Resigned· Director
- 18-09-2018 Appointed· Bijkomend bestuurder
-
Miguel BaertBijkomend bestuurderState Gazette act 11043302 (21-03-2011)Former21-03-2011 → 16-06-2015
2 events
- 16-06-2015 Resigned· Director
- 21-03-2011 Appointed· Bijkomend bestuurder
| Statutory auditor | IRE/IBR number | Tenure |
|---|---|---|
| Ronald Van den EckerCurrent Statutory auditor |
- | 11-08-2017 → present |
| NACE primary | Vrachtbehandeling in zeehavens(52241) |
| Legal form | Public limited company(014) |
| Incorporation | 22-03-1996 |
| Status | Active |
| Postal code | 9130 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46010A0491/00X000 | Flanders | 7.8 ha | - | - |
| 46010A0294/00V000 | Flanders | 7.4 ha | 1 · 3.3 ha | 12.7 m |
| 46010D0416/00C000 | Flanders | 4.2 ha | 1 · 2.1 ha | 31.0 m · 4 fl. |
| 46010E0345/00L002 | Flanders | 2.9 ha | 1 · 2.1 ha | 16.9 m · 3 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
We know of 23 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
15-01-2024 Registered office moved from Beveren-Kallo to Kallo - Beveren
- Haandorpweg 1 - Haven 1229, 9130 Beveren-Kallo → Ketenislaan 1 - Haven 1548, 9130 Kallo - Beveren
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "Ketenislaan 1 - Haven 1548, 9130 Kallo - Beveren",
"city": "Kallo - Beveren",
"region": "vlaams_gewest",
"street": "Ketenislaan",
"country": "BE",
"postcode": "9130",
"box_number": "Haven 1548",
"street_number": "1",
"locality_suffix": null
},
"old_address": {
"raw": "Haandorpweg 1 - Haven 1229, 9130 Beveren-Kallo",
"city": "Beveren-Kallo",
"region": "vlaams_gewest",
"street": "Haandorpweg",
"country": "BE",
"postcode": "9130",
"box_number": "Haven 1229",
"street_number": "1",
"locality_suffix": null
},
"effective_date": "2023-11-16",
"evidence_quote": "De vergadering heeft beslist om met ingang van 16 november 2023 de maatschappelijke zetel en de exploitatiezetel te verplaatsen naar: Ketenislaan 1 - Haven 1548, 9130 Kallo - Beveren",
"region_changed": false,
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"old_address_source": "header_volledig_adres",
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"statute_article_number": null,
"effective_date_qualifier": "absolute",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
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}
],
"notary": {
"name": "brisk tax \u0026 finance BV",
"firm_city": null,
"firm_name": null,
"office_city": "Berchem",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2024-01-15",
"filing_date": "2023-11-20",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "raad_van_bestuur",
"date": "2023-11-16",
"unanimous": true
},
"subject_company": {
"kbo": "0457.525.145",
"name_full": "Polymer Processing",
"legal_form": "naamloze vennootschap"
},
"publication_proxy": {
"kind": "org",
"org_kbo": "2600.000.000",
"org_name": "brisk tax \u0026 finance BV",
"person_name": null,
"org_rep_person_name": "Philippe Versweyveld",
"person_role_at_subject": null
},
"co_filed_documents": [
"Formulier voor publicatie in de bijlagen tot het Belgisch Staatsblad"
]
}22-12-2023 Fabian Leroy resigns as director
- Fabian Leroy, Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
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"name": "Fabian Leroy",
"address": null,
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}
],
"schema": "v3.2",
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},
"subject_company": {
"kbo": "0457.525.145",
"name_full": "Polymer Processing"
}
}06-11-2023 Articles of association amended
Technical details
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"object_change": {
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"legal_form_change": {
"new": "Naamloze vennootschap",
"old": "Naamloze vennootschap",
"changed": false
}
}23-08-2023 Ronald Van den Ecker appointed as statutory auditor
- Ronald Van den Ecker, Commissaris
Technical details
{
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}17-08-2023 Bob Carlier appointed as bijkomend bestuurder
- Bob Carlier, Bijkomend bestuurder
Technical details
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}
}13-02-2023 Charlotte Vangramberen appointed as bijkomend bestuurder
- Charlotte Vangramberen, Bijkomend bestuurder
Technical details
{
"events": [
{
"kind": "director_in",
"role": "bijkomend bestuurder",
"person": {
"rrn": null,
"name": "Charlotte Vangramberen",
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}
}
],
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"subject_company": {
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}21-10-2022 4 directors appointed
- Ivo Creton, Bestuurder
- Stefaan Vanhoutte, Bestuurder
- Fabian Leroy, Bestuurder
- Suzanna Van Goethem, Bestuurder
Technical details
{
"events": [
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{
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{
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],
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"subject_company": {
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}
}02-09-2020 Ronald Van den Ecker appointed as statutory auditor
- Ronald Van den Ecker, Commissaris
Technical details
{
"events": [
{
"kind": "director_in",
"role": "commissaris",
"person": {
"rrn": null,
"name": "Ronald Van den Ecker",
"address": null,
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}
],
"schema": "v3.2",
"act_meta": {
"extractor": "qwen3-30b-a3b"
},
"subject_company": {
"kbo": "0457.525.145",
"name_full": "Polymer Processing"
}
}28-11-2019 Tim Peeters resigns as director
- Tim Peeters, Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Tim Peeters",
"address": null,
"birth_date": null
}
}
],
"schema": "v3.2",
"act_meta": {
"extractor": "qwen3-30b-a3b"
},
"subject_company": {
"kbo": "0457.525.145",
"name_full": "Polymer Processing"
}
}18-09-2018 Tim Peeters appointed as bijkomend bestuurder
- Tim Peeters, Bijkomend bestuurder
Technical details
{
"events": [
{
"kind": "director_in",
"role": "bijkomend bestuurder",
"person": {
"rrn": null,
"name": "Tim Peeters",
"address": null,
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}
}
],
"schema": "v3.2",
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"subject_company": {
"kbo": "0457.525.145",
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}
}11-08-2017 Ronald Van den Ecker appointed as statutory auditor
- Ronald Van den Ecker, Commissaris
Technical details
{
"events": [
{
"kind": "director_in",
"role": "commissaris",
"person": {
"rrn": null,
"name": "Ronald Van den Ecker",
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],
"schema": "v3.2",
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},
"subject_company": {
"kbo": "0457.525.145",
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}
}13-04-2017 Publication in the Belgian Official Gazette, Minor change
Technical details
{
"notary": {
"name": "Stephane Van Roosbroeck",
"firm_city": null,
"firm_name": null,
"office_city": "Boechout",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2017-04-13",
"filing_date": "2017-03-28",
"act_kind_objet": "verbatim"
},
"decision": {
"body": "buitengewone_algemene_vergadering",
"date": "2017-03-28",
"unanimous": true
},
"agm_change": null,
"detected_kind": "other_address_change",
"other_address": {
"action": "modified",
"purpose": "statutaire_zetel",
"address_new": "Haandorpweg 1 - Haven 1229, 9130 Beveren (Kallo)",
"address_old": "Haandorpweg 1 - Haven 1229, 9130 Beveren (Kallo)",
"effective_date": "2017-03-30",
"effective_date_is_approximate": false
},
"mandate_renewal": null,
"subject_company": {
"kbo": "0457.525.145",
"name_full": "Polymer Processing",
"legal_form": "naamloze vennootschap"
},
"accounts_deposit": null,
"publication_proxy": {
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"org_kbo": null,
"org_name": null,
"person_name": null,
"org_rep_person_name": null
},
"co_filed_documents": [
"afschrift pv",
"verslag commissaris",
"geco\u00F6rdineerde statuten",
"verslag raad van bestuur",
"staat actief en passief"
],
"fiscal_year_change": null,
"liquidation_closure": null,
"officer_designation": null,
"special_procuration": null,
"is_volet_a_only_stub": false,
"vakbekwaamheid_change": null,
"should_reroute_to_category": null,
"single_shareholder_declaration": null
}11-10-2016 4 directors appointed
- Ivo Creton, Bestuurder
- Stefan Vanhoutte, Bestuurder
- Fabian Leroy, Bestuurder
- Suzanna Van Goethem, Bestuurder
Technical details
{
"events": [
{
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{
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}
],
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"subject_company": {
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}
}07-01-2016 Capital increase of €62,000 to €912,000
- €850.000 → €912.000
- Inbreng in geld · Apport en numéraire
Technical details
{
"events": [
{
"kind": "capital_increase",
"after_eur": 912000,
"delta_eur": 62000,
"before_eur": 850000,
"contribution_type": "geld"
}
],
"schema": "v3.2",
"act_meta": {
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},
"subject_company": {
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}
}16-06-2015 1 director appointed, 1 resigning
- Ivo Creton, Bestuurder
- Miguel Baert, Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Miguel Baert",
"address": null,
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}
},
{
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],
"schema": "v3.2",
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"subject_company": {
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}
}21-03-2011 Miguel Baert appointed as bijkomend bestuurder
- Miguel Baert, Bijkomend bestuurder
Technical details
{
"events": [
{
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}
],
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}
}| Legal nameNL | POLYMER PROCESSING |