Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 108.9 to 94.5.
Financials
Financial year 2025
PolyVision from Genk, company number BE0426451194, closed financial year 2025 with a result of € 784,859 after tax. For that financial year PolyVision recorded revenue of € 30.5 million and equity of € 7.7 million. Compared with financial year 2024, the result moved from € -519,868 to € 784,859. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 15, 2026.
€ 7.7 million
▲ € 7.9 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 784,859
▲ still € 519,868 loss in 2024
Profit after tax over the fiscal year.
€ 1 million
▼ 7% 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 € 484,347.
People and assets in 2025
94.5
▼ 5.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 8.7 million
€ 92,600 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.
€ 2,288
▼ 31% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 3.4 million
▲ 42% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 63 days on average.
€ 3.6 million
▲ 13% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 41,325,396 | € 30,341,927 | € 30,529,656 | € 30,460,513 | |
| Profit after taxes | € 2,422,339 | € -260,434 | € -519,868 | € 784,859 | ▲ € 1.3 million |
| Equity | € 541,791 | € 281,357 | € -238,512 | € 7,674,396 | ▲ € 7.9 million |
| Total debts | € 21,500,199 | € 17,080,409 | € 17,668,274 | € 7,011,400 | ▼ 60% |
| Cash | € 3,165,536 | € 1,761,906 | € 1,128,337 | € 1,048,163 | ▼ 7% |
| Land & buildings | € 1,354,062 | € 1,235,303 | € 1,087,268 | € 948,471 | ▼ 13% |
| Retained profit | € 479,791 | € 219,357 | € -300,512 | € 484,347 | ▲ € 784,859 |
| Dividend | € 2,800,000 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 22,363,714 | € 17,538,635 | € 17,498,592 | € 14,780,668 | ▼ 16% |
| Employees (FTE) | 113.6 | 108.9 | 99.6 | 94.5 | ▼ 5.1 |
Key figures of PolyVision, 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 PolyVision?
What happened at PolyVision in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- David Young stepped down as director. NBB
- Thomas Christogotsis stepped down as director. NBB
- Carl Vanaenrode stepped down as director. NBB
- Jenah BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 784,859. Source: NBB ↗
- David Young became a director. NBB
- Jenah BV became a director. NBB
- Thomas Christogotsis became a director. NBB
In short
From € 2.4 million profit in 2022 to € 784,859 profit in 2025.
Paid € 3.2 million in corporate taxes since 2022.
Best year ever: 2022, with € 2.4 million profit.
Paid out € 2.8 million in dividends to the owners in total.
Management
The shares are held by Polyvision Corporation inc (100%).
Directors
According to the 2025 annual accounts
Director · represented by Wout Van de Broek
since 2024 · until 2026
Thomas Christogotsis
Director
since 2021 · until 2027
Carl Vanaenrode
Director
since 2021 · until 2027
David Young
Director
since 2025 · until 2030
Shareholders
Polyvision Corporation inc
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Zuiderring 56
3600 Genk
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
CLOUDFLARESPECTRUM Cloudflare, Inc., US
Domain
Domain
polyvision.com
Registered
1996-06-01
Registrar
Network Solutions, LLC
Expires
2026-05-31
Website info
Features
Security
Network
Details
- Company number
- 0426.451.194
- VAT number
- BE 0426.451.194
- Registered office
- Zuiderring 56, 3600 Genk
- Names & denominations
- PolyVision
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 19 November 1984
- Peppol
- Active · Active since 8 May 2025
- Contact
- polyvision.com
- Activities · NACE
Oppervlaktebehandeling en bekleding van metaal
Coating van metalen
Verspanend bewerken van metalen
Algemene metaalbewerking
Oppervlaktebehandeling van metalen