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 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 9 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Indaver Plastics2Chemicals from Antwerpen, company number BE0770489311, closed financial year 2025 with a result of € -10.9 million after tax. For that financial year Indaver Plastics2Chemicals recorded a gross margin of € -4.7 million and equity of € 5.4 million. Compared with financial year 2024, the result moved from € -5.6 million to € -10.9 million. The company made a loss. The buffer shrank hard: equity is 64 % 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 27, 2026.
€ 5.4 million
▼ 64% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -10.9 million
▼ 96 % more loss than in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -22.2 million.
People and assets in 2025
36.5
▲ 3.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 4.6 million
▲ 13% vs 2024
€ 126,500 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.
€ 112,579
▼ 31% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 48.6 million
Loans from banks and other lenders, long and short.
€ 5.3 million
▲ 70% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 609,302
▼ 2% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -1,392,411 | € -2,007,918 | € -1,520,257 | € -4,673,156 | ▼ € 3.2 million |
| Profit after taxes | € -2,076,520 | € -3,657,853 | € -5,562,996 | € -10,907,878 | ▼ € 5.3 million |
| Equity | € -1,951,516 | € 14,390,631 | € 15,127,635 | € 5,419,756 | ▼ 64% |
| Total debts | € 11,594,715 | € 23,857,248 | € 58,143,546 | € 87,811,466 | ▲ 51% |
| Land & buildings | - | - | € 272,762 | € 245,257 | ▼ 10% |
| Retained profit | € -2,037,983 | € -5,695,835 | € -11,258,831 | € -22,166,710 | ▼ € 10.9 million |
| Bank debt | € 0 | € 0 | € 0 | € 48,600,000 | |
| Balance sheet total | € 9,643,198 | € 38,247,879 | € 73,271,181 | € 93,231,223 | ▲ 27% |
| Employees (FTE) | 5.8 | 11.5 | 32.6 | 36.5 | ▲ 3.9 |
Key figures of Indaver Plastics2Chemicals, 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 Indaver Plastics2Chemicals?
What happened at Indaver Plastics2Chemicals in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Gavilan Consulting bv stepped down as director. NBB
- Tsundoku Ventures BV stepped down as director. NBB
- Paul De Bruycker stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 10.9 million. Source: NBB ↗
- Tsundoku Ventures BV became a director. NBB
- New establishment in Antwerpen. KBO
- Gavilan Consulting bv became a director. NBB
- New establishment in Antwerpen. KBO
In short
From € 2.1 million loss in 2022 to € 10.9 million loss in 2025.
Paid € 903 in corporate taxes since 2022.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The shares are held by Indaver Holding nv (100%).
Directors
According to the 2025 annual accounts
Director · represented by Karl Huts
Also active at: KATOEN NATIE TERMINALS, SEAPORT TERMINALS, INDAVER, DRANCO, Indaver Energy
since 2024 · until 2030
Director · represented by Hilde Vangilbergen
Also active at: INDAVER, Indaver Separation Technologies, CORDEEL GROUP, Indaver Plastics Recycling, Indaver Kosovo, Indaver Energy
since 2025 · until 2030
Paul De Bruycker
Director
Also active at: INDAVER, DRANCO, ORKA, Slib-en Co - Verwerkings Centrale, InOpSys, E-Wood Energiecentrale, FOSTER SPV, Indaver Kosovo +2 more
since 2021 · until 2027
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Poldervlietweg 5 box Haven 550
2030 Antwerpen
Moerstraat 99
2030 Antwerpen
Active since 14 October 2024
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
Proximus Mail
Hosting
DIGITALOCEAN-ASN - DigitalOcean, LLC, US
Domain
Domain
indaver.com
Registered
2000-02-28
Registrar
NameWeb BVBA
Expires
2027-02-28
Website info
Features
Security
Details
- Company number
- 0770.489.311
- VAT number
- BE 0770.489.311
- Registered office
- Poldervlietweg 5 bus Haven 550, 2030 Antwerpen
- Names & denominations
- Indaver Plastics2Chemicals
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 29 June 2021
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- indaver.com 015288000
- Activities · NACE
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