POLYPAK EUROPE
ActivePOLYPAK EUROPE has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €286k and a net result of €10k. Equity remains stable across the filed fiscal years (±1% per year). Its solvency ranks better than 74% of 15870 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
83
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability57▲+10
Solvency94▼-4
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23k at 30 days acceptable
Liquidity ample (current ratio 10.67 against 10.25 in 2023; short-term debt: 6.5% and cash: 65.3% of total assets), and 30.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-08-2025, 27 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
27 d late
2023
28 d late
2022
4 d early
2021
on the day
2020
23 d late
2019
8 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€286k▲ 3.6%
2023 · €276k
2018: €257k
2019: €273k
2020: €273k
2021: €274k
2022: €275k
2023: €276k
2018 → 2024
Total assets
€413k▲ 9.6%
2023 · €377k
2018: €303k
2019: €341k
2020: €357k
2021: €369k
2022: €356k
2023: €377k
2018 → 2024
Net result
€10k▲ 1,670%
2023 · €565
2018: €15k
2019: €19k
2020: €19k
2021: €7k
2022: €5k
2023: €565
2018 → 2024
Working capital
€258k▲ 18.0%
2023 · €219k
2018: €121k
2019: €157k
2020: €178k
2021: €205k
2022: €189k
2023: €219k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€273k-€274k▲ 0.4%€275k▲ 0.6%€276k▲ 0.2%€286k▲ 3.6%
Operating result€22k-€11k▼ 50.5%€8k▼ 22.4%€5k▼ 35.5%€21k▲ 296%
Net result€19k-€7k▼ 62.8%€5k▼ 37.0%€565▼ 87.6%€10k▲ 1,670%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 296% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €413k
Fixed assets
€128k▼ 4.7%
Current assets
€285k▲ 17.5%
Equity and liabilities €413k
Equity
€286k▲ 3.6%
Debt
€127k▲ 25.8%
The debt ratio rises from 26.7% to 30.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€34k▲
2023 · €17k
Cash flow
€22k▲
2023 · €13k
Solvency
69.3%▼
2023 · 73.3%
Current ratio
10.67▲
2023 · 10.25
Quick ratio
10.17▲
2023 · 9.85
Debt / equity
0.44▲
2023 · 0.36
ROE
3.5%▲
2023 · 0.2%
ROA
2.4%▲
2023 · 0.1%
Interest coverage
4.23▲
2023 · 3.39
Debt
€127k▲
2023 · €101k
Debt ≤ 1 year
€27k▲
2023 · €24k
Debt > 1 year
€97k▲
2023 · €77k
Income taxes
€4k▲
2023 · €344
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€377k€413k▲
Fixed assets21/28€134k€128k▼
Tangible fixed assets22/27€134k€128k▼
Land and buildings22€124k€118k▼
Furniture and vehicles24€10k€10k▲
Current assets29/58€243k€285k▲
Stocks and contracts in progress3€9k€13k▲
Stocks30/36€9k€13k▲
Amounts receivable within one year40/41€4k€1k▼
Trade receivables40€705€397▼
Other amounts receivable41€3k€907▼
Current investments50/53€31€31=
Cash at bank and in hand54/58€229k€270k▲
Deferred charges and accrued income490/1€477€505▲
Equity and liabilities
Total equity and liabilities10/49€377k€413k▲
Equity10/15€276k€286k▲
Contributions10/11€20k€20k=
Reserves13€256k€266k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€33k€33k=
Distributable reserves133€221k€231k▲
Profit (loss) carried forward14€90€140▲
Amounts payable17/49€101k€127k▲
Amounts payable after more than one year17€77k€97k▲
Financial debts170/4€77k€97k▲
Amounts payable within one year42/48€24k€27k▲
Financial debts43€5k€8k▲
Credit institutions430/8€5k€8k▲
Trade debts44€7k€276▼
Suppliers440/4€7k€276▼
Taxes, remuneration and social security45€56€7k▲
Taxes450/3€56€7k▲
Other amounts payable47/48€11k€11k=
Accrued charges and deferred income492/3€0€3k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€12k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-6k€-1k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€13k€34k▲
Operating profit (loss)9901€5k€21k▲
Financial income75/76B€674€502▼
Recurring financial income75€674€502▼
Financial charges65/66B€5k€8k▲
Recurring financial charges65€5k€8k▲
Profit (loss) for the period before taxes9903€909€14k▲
Income taxes67/77€344€4k▲
Profit (loss) for the period9904€565€10k▲
Profit (loss) for the period to be appropriated9905€565€10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€650€10k▲
Profit (loss) brought forward from the previous period14P€85€90▲
Transfer to equity691/2€560€10k▲
To other reserves6921€560€10k▲
Profit to be distributed694/7€0-
Directors or managers695€0-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Weakest financial yearnet €565 ▼87.6%
Net result drops to €565, the lowest in the series; recovery starts the following year.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
12-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
15-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are 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
Registered office, Tremelo · 1 establishment unit since 2001
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Pastoriestraat 44.01.13128 TremeloGround area
1,356 m²
Building footprint
168 m²
Volume, LiDAR
1,449 m³
Parcel 24006C0421/00N000, Flanders · tallest building 12.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Pastoriestraat 44, 3128 Tremelo
since 20012.093.139.640
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24006C0421/00N000 | Flanders | 1,356 m² | 1 · 168 m² | 12.2 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
The Packaging Group
BE 0865.894.353
Ranst · Eq €285k
S.K.S
BE 0888.133.879
Antwerpen · Eq €285k
L.K. SYSTEMS
BE 0450.543.323
Londerzeel · Eq €284k
B.W. FIX
BE 0428.410.693
Brussel · Eq €284k
DARRIEN
BE 0478.787.545
Overijse · Eq €288k
Of 1,565 companies in sector 46900 we hold annual accounts for 920. 675 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded29-03-2001
Fiscal year end31-12
Activities, NACEBEL
46900Non-specialised wholesale trade
51900
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:polypakeurope@skynet.be
Phone:016623750