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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Busy address KBO
52 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
POLYPAL BELGIUM from Hasselt, company number BE0870217979, closed financial year 2025 with a result of € -115,784 after tax. For that financial year POLYPAL BELGIUM recorded revenue of € 985,784 and equity of € 117,772. Compared with financial year 2024, the result moved from € 23,677 to € -115,784. 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 April 8, 2026.
€ 117,772
▼ 50% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -115,784
▼ still € 23,677 profit in 2024
Profit after tax over the fiscal year.
€ 178,523
▼ 2% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -344,322.
People and assets in 2025
6.3
Average over the fiscal year, from the social balance sheet.
€ 491,015
▼ 10% vs 2024
€ 77,900 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.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 431,255
▼ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 215 days on average.
€ 101,912
▲ 9% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 1,838,891 | € 2,073,602 | € 1,762,147 | € 985,784 | ▼ 44% |
| Profit after taxes | € 76,902 | € 25,834 | € 23,677 | € -115,784 | ▼ € 139,461 |
| Equity | € 184,044 | € 209,878 | € 233,555 | € 117,772 | ▼ 50% |
| Total debts | € 660,288 | € 497,107 | € 529,896 | € 533,167 | ▲ 1% |
| Cash | € 100,659 | € 19,064 | € 181,492 | € 178,523 | ▼ 2% |
| Retained profit | € -278,050 | € -252,216 | € -228,539 | € -344,322 | ▼ € 115,784 |
| Balance sheet total | € 844,331 | € 706,985 | € 763,451 | € 650,938 | ▼ 15% |
| Employees (FTE) | 8.2 | 6.4 | 6.3 | 6.3 |
Key figures of POLYPAL BELGIUM, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2026 has not been filed yet; it was expected before 31 October 2026.
What happened to POLYPAL BELGIUM?
What happened at POLYPAL BELGIUM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Richard Eric MOSS stepped down as director. NBB
- Oliver VAUGHAN stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 115,784 (▼ € 139,461 vs 2024). filed late Source: NBB ↗
- Richard Eric MOSS became a director. NBB
- Oliver VAUGHAN became a director. NBB
- New establishment in Hasselt. KBO
- Start of the company according to the CBE. KBO
In short
From € 76,902 profit in 2022 to € 115,784 loss in 2025.
Paid € 6,278 in corporate taxes since 2022.
Best year ever: 2022, with € 76,902 profit.
Management
The shares are held by Whittan Netherlands B.V. - 7,16€ and Whittan Overseas Limited - 462.086,84€.
Directors
According to the 2025 annual accounts
Richard Eric MOSS
Director
since 2023 · until 2029
Oliver VAUGHAN
Director
since 2020 · until 2026
Shareholders
Whittan Netherlands B.V. - 7,16€
Whittan Overseas Limited - 462.086,84€
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Hendrik van Veldekesingel 150 box 17
3500 Hasselt
Hendrik van Veldekesingel 150
3500 Hasselt
Active since 22 December 2004
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 52 companies are registered at this address.
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€ 83,987 gross margin · 2025
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€ -29,360 gross margin · 2022
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€ 1.8 million revenue · 2025
+47 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
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Details
- Company number
- 0870.217.979
- VAT number
- BE 0870.217.979
- Registered office
- Hendrik van Veldekesingel 150 bus 17, 3500 Hasselt
- Names & denominations
- POLYPAL BELGIUM
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 25 November 2004
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- polypal.be
- Activities · NACE
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