Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 38 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
POLYMAR from Nivelles, company number BE0423276326, closed financial year 2025 with a result of € 26,154 after tax. For that financial year POLYMAR recorded a gross margin of € 423,617 and equity of € 205,672. Compared with financial year 2024, the result moved from € 56,513 to € 26,154. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 28, 2026.
€ 205,672
▲ 11% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 26,154
▼ 54% vs 2024
Profit after tax over the fiscal year.
€ 55,522
▲ 131% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 107,780.
People and assets in 2025
4.8
Average over the fiscal year, from the social balance sheet.
€ 282,508
▼ 1% vs 2024
€ 58,900 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 51,302
▼ 23% vs 2024
Of which on lease € 25,296.
Debts at end 2025
€ 299,479
▼ 15% vs 2024
€ 50,968 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 139,567
▼ 12% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 31,541
▼ 5% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 432,447 | € 444,444 | € 452,423 | € 423,617 | ▼ 6% |
| Profit after taxes | € -93,481 | € 10,342 | € 56,513 | € 26,154 | ▼ 54% |
| Equity | € 184,944 | € 189,354 | € 184,468 | € 205,672 | ▲ 11% |
| Total debts | € 727,683 | € 592,737 | € 604,081 | € 477,096 | ▼ 21% |
| Cash | € 20,820 | € 14,456 | € 23,984 | € 55,522 | ▲ 131% |
| Land & buildings | € 20,443 | € 11,891 | € 11,061 | € 27,417 | ▲ 148% |
| Retained profit | € 69,991 | € 80,333 | € 81,626 | € 107,780 | ▲ 32% |
| Dividend | € 0 | € 0 | € 55,219 | € 0 | ▼ 100% |
| Bank debt | € 517,140 | € 438,621 | € 354,264 | € 299,479 | ▼ 15% |
| Balance sheet total | € 912,627 | € 782,091 | € 788,549 | € 682,767 | ▼ 13% |
| Employees (FTE) | 5.6 | 4.7 | - | 4.8 |
Key figures of POLYMAR, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to POLYMAR?
What happened at POLYMAR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 26,154 (▼ 54% vs 2024). Source: NBB ↗
- POLYGEST SRL became a director. NBB
- New establishment in Nivelles. KBO
- Start of the company according to the CBE. KBO
In short
From € 93,481 loss in 2022 to € 26,154 profit in 2025.
Paid € 36,081 in corporate taxes since 2022.
Best year ever: 2024, with € 56,513 profit.
On average € 88,300 of value added per employee in 2025.
Management
The stake of POLYGEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
POLYMARBehind POLYMAR is POLYGEST SRL. The shares are held by POLYGEST (32.8%).
Directors
According to the 2025 annual accounts
Director · represented by Emmanuel GUILY
since 2023
Shareholders
32.8%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue de l'Industrie 3
1400 Nivelles
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0423.276.326
- VAT number
- BE 0423.276.326
- Registered office
- Rue de l'Industrie 3, 1400 Nivelles
- Names & denominations
- POLYMAR
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 15 December 1982
- Peppol
- Active · Active since 8 Jul 2025
- Activities · NACE
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