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 3 of the last 3 fiscal years.
Financials
Financial year 2025
Poly Recycling West Europe from Wetteren, company number BE0788573871, closed financial year 2025 with a result of € 475,481 after tax. For that financial year Poly Recycling West Europe recorded a gross margin of € 3 million and equity of € -627,562. Compared with financial year 2024, the result moved from € -774,194 to € 475,481. Profitable, and profit is growing. 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 June 25, 2026.
€ -627,562
▲ € 475,481 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 475,481
▲ still € 774,194 loss in 2024
Profit after tax over the fiscal year.
€ 56,437
▼ 6% 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 € -689,062.
People and assets in 2025
12.3
▲ 5.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.1 million
▲ 112% vs 2024
€ 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.
€ 172,253
▲ 3% 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.
€ 2.2 million
▼ 15% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 229,038
▼ 29% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € -158,467 | € 997,653 | € 3,032,975 | ▲ 204% |
| Profit after taxes | € -390,350 | € -774,194 | € 475,481 | ▲ € 1.2 million |
| Equity | € -328,850 | € -1,103,044 | € -627,562 | ▲ € 475,481 |
| Total debts | € 8,374,790 | € 13,549,667 | € 13,461,852 | ▼ 1% |
| Cash | € 19,947 | € 59,821 | € 56,437 | ▼ 6% |
| Land & buildings | - | € 1,220,496 | € 1,099,473 | ▼ 10% |
| Retained profit | € -390,350 | € -1,164,544 | € -689,062 | ▲ € 475,481 |
| Balance sheet total | € 8,045,940 | € 12,446,623 | € 12,834,290 | ▲ 3% |
| Employees (FTE) | - | 6.7 | 12.3 | ▲ 5.6 |
Key figures of Poly Recycling West Europe, fiscal years 2023 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 Poly Recycling West Europe?
What happened at Poly Recycling West Europe in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Jana Walker stepped down as director. NBB
- VALUE COACHING BV stepped down as director. NBB
- AMYLO BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 475,481. Source: NBB ↗
- VALUE COACHING BV became a director. NBB
- AMYLO BV became a director. NBB
- New establishment in Wetteren. KBO
- Start of the company according to the CBE. KBO
In short
From € 390,350 loss in 2023 to € 475,481 profit in 2025.
Best year ever: 2025, with € 475,481 profit.
On average € 246,600 of value added per employee in 2025.
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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 Poly Recycling AG (100%).
Directors
According to the 2025 annual accounts
Jana Walker
Director
since 2022 · until 2028
Managing director · represented by Luc Vankemmelbeke
Also active at: RESILUX, Tunal, EASTERN HOLDING
since 2024 · until 2028
Managing director, Director · represented by Tom Anthierens
since 2024 · until 2028
Shareholders
Poly Recycling AG
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Damstraat 8
9230 Wetteren
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
Microsoft 365
Hosting
TRUESERVER-AS TrueServer BV AS number, NL
Domain
Domain
polyrecycling.com
Registered
1998-05-21
Registrar
Ascio Technologies, Inc. Danmark - Filial af Ascio technologies, Inc. USA
Expires
2026-05-20
Website info
Features
Security
Details
- Company number
- 0788.573.871
- VAT number
- BE 0788.573.871
- Registered office
- Damstraat 8, 9230 Wetteren
- Names & denominations
- Poly Recycling West Europe
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 14 July 2022
- Peppol
- Active · Active since 1 Dec 2025
- Contact
- polyrecycling.com [email protected]
- Activities · NACE
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