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 26 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Polygon Belgium from Antwerpen, company number BE0440188077, closed financial year 2025 with a result of € -146,096 after tax. For that financial year Polygon Belgium recorded revenue of € 8 million and equity of € 2.6 million. Compared with financial year 2024, the result moved from € 425,430 to € -146,096. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 29, 2026.
€ 2.6 million
▼ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -146,096
▼ still € 425,430 profit in 2024
Profit after tax over the fiscal year.
€ 207,032
▼ 51% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 2.1 million.
People and assets in 2025
57.1
▲ 4.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 4 million
▲ 6% vs 2024
€ 70,100 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.
€ 171,762
▼ 19% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 9.1 million
▲ € 7.6 million vs 2024
Loans from banks and other lenders, long and short.
€ 585,059
▼ 3% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 61 days on average.
€ 856,361
▼ 20% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 6,024,720 | € 7,399,969 | € 7,193,150 | € 7,981,898 | ▲ 11% |
| Profit after taxes | € 246,785 | € 1,239,486 | € 425,430 | € -146,096 | ▼ € 571,526 |
| Equity | € 1,092,790 | € 2,332,276 | € 2,757,706 | € 2,611,609 | ▼ 5% |
| Total debts | € 4,596,745 | € 3,302,293 | € 4,370,517 | € 10,635,906 | ▲ 143% |
| Cash | € 281,055 | € 217,108 | € 420,949 | € 207,032 | ▼ 51% |
| Retained profit | € 545,790 | € 1,785,276 | € 2,210,706 | € 2,064,609 | ▼ 7% |
| Dividend | € 800,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 1,950,571 | € 1,682,212 | € 1,500,000 | € 9,128,990 | ▲ € 7.6 million |
| Balance sheet total | € 5,689,535 | € 5,634,569 | € 7,128,223 | € 13,247,515 | ▲ 86% |
| Employees (FTE) | 50.4 | 50.4 | 52.7 | 57.1 | ▲ 4.4 |
Key figures of Polygon Belgium, 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 Polygon Belgium?
What happened at Polygon Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Carla Slaets stepped down as director. NBB
- Magnus Warholm stepped down as director. NBB
- Robin Petersen stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 146,096 (▼ € 571,526 vs 2024). Source: NBB ↗
- Magnus Warholm became a director. NBB
- Nina Junehed stepped down as director. NBB
- Robin Petersen became a director. NBB
- Nina Junehed became a director. NBB
In short
From € 246,785 profit in 2022 to € 146,096 loss in 2025.
Paid € 537,890 in corporate taxes since 2022.
Best year ever: 2023, with € 1.2 million profit.
Paid out € 800,000 in dividends to the owners in total.
Management
It owns 100% of Respo group, 100% of Respo Repair Belux and 100% of Polygon Asbest Cleaning itself.
Directors
According to the 2025 annual accounts
Magnus Warholm
Director
since 2026 · until 2029
since 2025 · until 2026
Carla Slaets
Managing director
Also active at: RESPO GROUP, RESPO REPAIR SOLUTIONS, RESPO REPAIR BELUX, SRD, POLYGON ASBEST CLEANING
since 2024 · until 2030
Robin Petersen
Director
since 2026 · until 2029
Establishments
Establishment units
Physical locations of this company
Moerelei 127
2610 Antwerpen
Kazerneweg(KRU) 3 box 2
9770 Kruisem
Active since 1 January 2017
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0440.188.077
- VAT number
- BE 0440.188.077
- Registered office
- Moerelei 127, 2610 Antwerpen
- Names & denominations
- Polygon Belgium
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 10 April 1990
- Peppol
- Active · Active since 13 Jan 2026
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