Bankrupt · Opening faillissement (CBE)

Polyform

BE0627934646

Rechtspersoon Public limited company 2 establishments

Polyform is registered with the CBE as active in: Vervaardiging van kunststoffen in primaire vormen. Public Limited, started on 3 April 2015, 2 establishments.

Rue Bonne-Fortune 102, 4430 Ans

Behind the company: Fernando FUENTES URANGA, G SQUARE CONSULTING SRL.

Start date

3 April 2015

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

  • Two loss years in a row NBB

    Negative result in 2021 and 2022.

  • Tight liquidity NBB

    Cash and receivables cover 50 % of short-term debt in 2022; threshold 65 %.

  • Late annual account NBB

    Fiscal year 2022 was filed 255 days after the legal deadline.

  • Legal situation KBO

    Opening faillissement according to the CBE.

Financials

Financial year 2022

Polyform from Ans, company number BE0627934646, closed financial year 2022 with a result of € -763,164 after tax. For that financial year Polyform recorded a gross margin of € 1 million and equity of € 383,643. Compared with financial year 2021, the result moved from € -16,180 to € -763,164. The company made a loss. The buffer shrank hard: equity is 67 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on April 11, 2024.

What it is worth Shrank hard

€ 383,643

▼ 67% vs 2021

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -763,164

▼ 4617 % more loss than in 2021

Profit after tax over the fiscal year.

Cash in the bank

€ 238,101

▼ 31% vs 2021

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € -1.2 million.

People and assets in 2022

Full-time equivalents

25

▼ 5.6 vs 2021

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 1.5 million

▼ 11% vs 2021

€ 58,500 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.

Vehicles and equipment

€ 39,455

▼ 26% vs 2021

Of which on lease € 36,781.

Debts at end 2022

Bank debt ≈ 8 years to go

€ 1.2 million

▼ 15% vs 2021

€ 116,306 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.

Owed to suppliers

€ 2.2 million

▲ 57% vs 2021

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 257,762

▼ 37% vs 2021

Taxes, VAT and social contributions still to pay.

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Key figures per fiscal year Download key figures (CSV)
20212022Change 2021 → 2022
Gross margin € 1,758,623 € 1,048,157 ▼ 40%
Profit after taxes € -16,180 € -763,164 ▼ € 746,984
Equity € 1,145,983 € 383,643 ▼ 67%
Total debts € 3,575,733 € 3,918,856 ▲ 10%
Cash € 344,283 € 238,101 ▼ 31%
Land & buildings € 1,666,998 € 1,547,989 ▼ 7%
Retained profit € -416,967 € -1,169,727 ▼ € 752,760
Bank debt € 1,417,471 € 1,209,495 ▼ 15%
Balance sheet total € 4,747,088 € 4,327,871 ▼ 9%
Employees (FTE) 30.6 25 ▼ 5.6

Key figures of Polyform, fiscal years 2021 to 2022, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2023 has not been filed yet; it was expected before 31 July 2024.

What happened to Polyform?

What happened at Polyform in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Polyform is active according to the CBE. Legal situation: Opening faillissement.

  • New annual accounts for financial year 2022: loss of € 763,164. filed late Source: NBB ↗
  • New establishment in Ans. KBO
  • New establishment in Limbourg. KBO
  • Start of the company according to the CBE. KBO

In short

From € 16,180 loss in 2021 to € 763,164 loss in 2022.

Paid € 13,203 in corporate taxes since 2021.

On average € 41,900 of value added per employee in 2022.

Management

Polyform

Behind Polyform are Fernando FUENTES URANGA and G SQUARE CONSULTING SRL. The shares are held by Simonis Plastic SA (100%).

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Directors

According to the 2022 annual accounts

Fernando FUENTES URANGA

Director

Also active at: OCSA SERVICES

G SQUARE CONSULTING SRL

Managing director · represented by Ghislain GILLIOT

Owns 67.5% via Simonis Plastic SA

Also active at: PLAST4LIFE

Shareholders

Simonis Plastic SA · holding of G SQUARE CONSULTING SRL

100%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Rue Bonne-Fortune 102

4430 Ans

2.241.074.637

Chemin du Loup 10

4830 Limbourg

Active since 3 April 2015

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number
0627.934.646
VAT number
BE 0627.934.646
Registered office
Rue Bonne-Fortune 102, 4430 Ans
Names & denominations
Polyform
Enterprise type
Rechtspersoon
Legal form
Public limited company
Legal situation
Opening faillissement
Start date
3 April 2015
Peppol
Not registered
Activities · NACE

Vervaardiging van kunststoffen in primaire vormen

Vervaardiging van andere producten van kunststof

Vervaardiging van buizen, pijpen, holle profielen en fittings daarvoor, van staal

Frequently asked questions

What does Polyform do?
Polyform is registered with the CBE as active in: Vervaardiging van kunststoffen in primaire vormen. Public Limited, started on 3 April 2015, 2 establishments.
What is the address of Polyform?
The registered office of Polyform is located at Rue Bonne-Fortune 102, 4430 Ans.
Is Polyform still active?
No. The CBE lists Polyform with legal situation “Opening faillissement”. The date of the court ruling is published in the Belgian Official Gazette; the register does not carry it.
Is Polyform registered on Peppol?
No, Polyform is currently not registered on the Peppol network.
What is the enterprise number of Polyform?
The enterprise number of Polyform is BE0627934646.
When was Polyform founded?
Polyform was founded on 3 April 2015.