Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 13 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
POLYVAR from Oudenaarde, company number BE0451850645, closed financial year 2025 with a result of € -6,643 after tax. For that financial year POLYVAR recorded a gross margin of € -6,188 and equity of € -15,668. Compared with financial year 2024, the result moved from € 37,294 to € -6,643. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on November 13, 2025.
€ -15,668
▼ € 6,643 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -6,643
▼ still € 37,294 profit in 2024
Profit after tax over the fiscal year.
€ 8,412
▼ 65% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -34,260.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 3,512
▼ 79% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 269
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 55,045 | € 21,054 | € 58,855 | € -6,188 | ▼ € 65,043 |
| Profit after taxes | € 4,489 | € -30,957 | € 37,294 | € -6,643 | ▼ € 43,937 |
| Equity | € -15,363 | € -46,319 | € -9,025 | € -15,668 | ▼ € 6,643 |
| Total debts | € 201,203 | € 191,179 | € 154,815 | € 126,888 | ▼ 18% |
| Cash | € 46,183 | € 10,130 | € 24,177 | € 8,412 | ▼ 65% |
| Retained profit | € -33,955 | € -64,911 | € -27,617 | € -34,260 | ▼ € 6,643 |
| Balance sheet total | € 185,841 | € 144,860 | € 145,790 | € 111,219 | ▼ 24% |
Key figures of POLYVAR, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 November 2026.
What happened to POLYVAR?
What happened at POLYVAR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 6,643 (▼ € 43,937 vs 2024). Source: NBB ↗
- New establishment in Oudenaarde. KBO
- Start of the company according to the CBE. KBO
In short
From € 4,489 profit in 2022 to € 6,643 loss in 2025.
Best year ever: 2024, with € 37,294 profit.
Management
Behind POLYVAR are Leopold VERGUCHT and Jolande VAN HAUTEGEM. The same people are also behind JUMIP and PYVO.
Establishments
Establishment units
Physical locations of this company
Broekstraat 120A
9700 Oudenaarde
Broekstraat 120 A
9700 Oudenaarde
Active since 4 February 1994
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
OVH, FR
Website info
Features
Security
Details
- Company number
- 0451.850.645
- VAT number
- BE 0451.850.645
- Registered office
- Broekstraat 120A, 9700 Oudenaarde
- Names & denominations
- POLYVAR
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 14 January 1994
- Peppol
- Active · Active since 30 Jan 2025
- Contact
- genotintglas.be
- Activities · NACE
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