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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Tight liquidity NBB
Cash and receivables cover 48 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
POLYPANEL BELGIQUE from Manhay, company number BE0880936677, closed financial year 2025 with a result of € -25,104 after tax. For that financial year POLYPANEL BELGIQUE recorded a gross margin of € 162,193 and equity of € 29,396. Compared with financial year 2024, the result moved from € 41,382 to € -25,104. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 31, 2026.
€ 29,396
▼ 46% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -25,104
▼ still € 41,382 profit in 2024
Profit after tax over the fiscal year.
€ 2,203
▼ 62% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -94,551.
People and assets in 2025
2.7
▼ 1.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 144,336
▼ 35% vs 2024
€ 53,500 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.
€ 9,812
▼ 37% 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.
€ 63,317
▼ 27% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 142,810
▼ 46% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 174,389 | € 236,928 | € 308,942 | € 162,193 | ▼ 48% |
| Profit after taxes | € -12,661 | € 22,789 | € 41,382 | € -25,104 | ▼ € 66,486 |
| Equity | € -9,670 | € 13,118 | € 54,500 | € 29,396 | ▼ 46% |
| Total debts | € 249,201 | € 344,144 | € 409,137 | € 222,887 | ▼ 46% |
| Cash | € 70 | € 6,509 | € 5,772 | € 2,203 | ▼ 62% |
| Retained profit | € -133,617 | € -110,828 | € -69,446 | € -94,551 | ▼ € 25,104 |
| Balance sheet total | € 239,531 | € 357,263 | € 463,638 | € 252,283 | ▼ 46% |
| Employees (FTE) | - | 3.8 | 4.2 | 2.7 | ▼ 1.5 |
Key figures of POLYPANEL BELGIQUE, 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 POLYPANEL BELGIQUE?
What happened at POLYPANEL BELGIQUE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 25,104 (▼ € 66,486 vs 2024). Source: NBB ↗
- FA IMMO SA became a director. NBB
- New establishment in Manhay. KBO
- Start of the company according to the CBE. KBO
In short
From € 12,661 loss in 2022 to € 25,104 loss in 2025.
Paid € 11,169 in corporate taxes since 2022.
Best year ever: 2024, with € 41,382 profit.
On average € 60,100 of value added per employee in 2025.
Management
The stake of FA IMMO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
POLYPANEL BELGIQUEBehind POLYPANEL BELGIQUE is FA IMMO SA. The shares are held by FA IMMO (60%).
Directors
According to the 2025 annual accounts
since 2025
Shareholders
60%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue des Boussines, Vaux-Chavanne 46
6960 Manhay
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
Certifications & Partners
Hosting & Email
Email provider
Self-hosted
Hosting
INFOMANIAK-AS, CH
Website info
Features
Security
Network
Details
- Company number
- 0880.936.677
- VAT number
- BE 0880.936.677
- Registered office
- Rue des Boussines, Vaux-Chavanne 46, 6960 Manhay
- Names & denominations
- POLYPANEL BELGIQUE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 26 April 2006
- Peppol
- Active · Active since 14 Oct 2025
- Contact
- polypanel.be
- Activities · NACE
Vervaardiging van fineer en van panelen op basis van hout
Installatie van isolatie
Isolatiewerkzaamheden