ACTIVE

POLYPANE GLASINDUSTRIE

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Financial year 2025 · closed on 31/12/2025

Net result

362,8 k €

-80.0% YoY

Revenue

30,9 M €

-3.1% YoY

Equity

7,4 M €

-0.6% YoY

Workforce

143,7 ETP

-3.1% YoY

What does POLYPANE GLASINDUSTRIE do?

POLYPANE GLASINDUSTRIE is a Public limited company incorporated in 1972. Its registered office is in Sint-Niklaas. It employs on average 143,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0412.801.613

Incorporation

19/12/1972

Legal form

Public limited company

Registered office

Industriepark-Noord 31
9100 Sint-Niklaas · FlandreSee on map

Contributed capital

613 140,67 €

Latest accounts

31/12/2025

Average workforce

143,7 ETP

Joint committees (4)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2015		2014		2013		2012		2011		2010		2009
Income statement
Revenue	30,9 M €	-3.1%	31,8 M €	-7.3%	34,3 M €	-1.6%	34,9 M €	+33.1%	26,2 M €	-1.7%	26,7 M €	-4.7%	28 M €	+9.9%	25,5 M €	+9.0%	23,4 M €	+10.8%	21,1 M €	+15.2%	18,3 M €	-15.9%	21,8 M €	-8.2%	23,7 M €	+31.6%	18 M €	+2.0%	17,7 M €	-32.2%	26 M €
EBITDA	1,2 M €	-65.9%	3,6 M €	+35.0%	2,7 M €	+119%	1,2 M €	+65.4%	733,3 k €	-67.9%	2,3 M €	+76.5%	1,3 M €	+1.7%	1,3 M €	+25.0%	1 M €	-23.9%	1,3 M €	+59.4%	839,5 k €	-34.5%	1,3 M €	-5.8%	1,4 M €	+109%	650,9 k €	-63.4%	1,8 M €	-16.9%	2,1 M €
Operating result	433,4 k €	-82.7%	2,5 M €	+94.4%	1,3 M €	+956%	-150,2 k €	-2332%	-6,2 k €	-101%	896,8 k €	+394%	-304,5 k €	-553%	67,2 k €	+1.3%	66,3 k €	+120%	-331,6 k €	+5.7%	-351,8 k €	-468%	95,7 k €	-66.4%	284,9 k €	+147%	-601,6 k €	-201%	598,3 k €	-17.9%	728,9 k €
Net result	362,8 k €	-80.0%	1,8 M €	+102%	901,2 k €	+1071%	-92,8 k €	-271%	54,1 k €	-92.9%	759,6 k €	+590%	-155,2 k €	-198%	158,1 k €	-28.3%	220,4 k €	+394%	-75,1 k €	+55.7%	-169,7 k €	-154%	311,7 k €	-37.5%	498,9 k €	+214%	-436,3 k €	-182%	529,4 k €	-25.0%	705,8 k €
Balance sheet
Equity	7,4 M €	-0.6%	7,5 M €	+12.0%	6,7 M €	+0.7%	6,6 M €	-1.4%	6,7 M €	+0.7%	6,7 M €	+13.0%	5,9 M €	-2.6%	6,1 M €	+2.6%	5,9 M €	-16.7%	7,1 M €	-1.1%	7,2 M €	-2.4%	7,4 M €	+4.3%	7 M €	+7.5%	6,6 M €	-6.3%	7 M €	+0.3%	7 M €
Total assets	15,6 M €	+0.0%	15,6 M €	-1.9%	15,9 M €	-3.8%	16,5 M €	+23.3%	13,4 M €	-7.5%	14,5 M €	-0.3%	14,5 M €	+13.4%	12,8 M €	+9.7%	11,7 M €	-2.1%	11,9 M €	+16.4%	10,3 M €	-21.2%	13 M €	+8.2%	12 M €	-5.4%	12,7 M €	-0.7%	12,8 M €	-9.2%	14,1 M €
Cash	1,5 M €	-26.9%	2 M €	+13.3%	1,8 M €	+102%	874,2 k €	-38.2%	1,4 M €	-35.1%	2,2 M €	+103%	1,1 M €	+46.5%	732,9 k €	-7.1%	788,9 k €	-22.4%	1 M €	+86.3%	545,5 k €	-17.9%	664,1 k €	-31.9%	975,6 k €	+55.5%	627,4 k €	-65.1%	1,8 M €	-12.4%	2,1 M €
Debts	7,4 M €	+0.4%	7,4 M €	-13.7%	8,5 M €	-9.8%	9,5 M €	+45.3%	6,5 M €	-13.0%	7,5 M €	-4.9%	7,9 M €	+28.8%	6,1 M €	+11.7%	5,5 M €	+15.7%	4,7 M €	+57.6%	3 M €	-45.8%	5,5 M €	+16.0%	4,8 M €	-21.5%	6,1 M €	+16.9%	5,2 M €	-18.4%	6,4 M €
Other
Workforce	143,7 ETP	-3.1%	148,3 ETP	-2.4%	151,9 ETP	+0.9%	150,5 ETP	+0.1%	150,3 ETP	+1.9%	147,5 ETP	+2.3%	144,2 ETP	+3.2%	139,7 ETP	+3.4%	135,1 ETP	+11.5%	121,2 ETP	+8.6%	111,6 ETP	+7.2%	104,1 ETP	-2.7%	107,0 ETP	-2.1%	109,3 ETP	+1.1%	108,1 ETP	-9.7%	119,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 29 ended

Active mandates

3DH

Director · since 04 juin 2024 · until 05 juin 2031 · 0690.742.641

Represented by BART D'HONDT

Active

TAL Consult

Director · since 24 juin 2021 · until 03 juin 2027 · 0752.524.416

Represented by TOM THIEFFRY

Active

FRANKY SYMOENS

Managing director · since 04 juin 2020 · until 01 juin 2026

Active

MARIANNE DE GEEST

Director · since 04 juin 2020 · until 01 juin 2026

Active

Ended mandates

HOLDING DG

Director · since 06 juin 2019 · until 04 juin 2020 · 0428.490.372

Represented by FRANKY SYMOENS

Ended

HOLDING DG

Director · since 06 juin 2019 · until 05 juin 2025 · 0428.490.372

Represented by Franky Symoens

Ended

3DH

Director · since 07 juin 2018 · until 06 juin 2024 · 0690.742.641

Represented by BART D'HONDT

Ended

3DH

Director · since 07 juin 2018 · until 06 juin 2024 · 0690.742.641

Represented by Bart D'Hondt

Ended

At this address

Other companies at this address

Company	CBE no.
HOLDING DG● Active	0428.490.372
IMMO WAGLAS● Active	0425.387.956
POLYPANE GROEP● Active	0664.684.580

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/06/2026	01/07/2025	19/06/2024	29/06/2023	11/07/2022	09/07/2021
General meeting	05/06/2026	05/06/2025	04/06/2024	01/06/2023	24/06/2022	24/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	05/06/2026	30/06/2026	Dutch	PDF
Full model	31/12/2024	05/06/2025	01/07/2025	Dutch	PDF
Full model	31/12/2023	04/06/2024	19/06/2024	Dutch	PDF
Full model	31/12/2022	01/06/2023	29/06/2023	Dutch	PDF
Full model	31/12/2021	24/06/2022	11/07/2022	Dutch	PDF
Full model	31/12/2020	24/06/2021	09/07/2021	Dutch	PDF
Full model	31/12/2019	04/06/2020	29/06/2020	Dutch	PDF
Full model	31/12/2018	06/06/2019	21/06/2019	Dutch	PDF
Full model	31/12/2017	07/06/2018	12/07/2018	Dutch	PDF
Full model	31/12/2016	01/06/2017	22/06/2017	Dutch	PDF
Full model	31/12/2015	30/05/2016	24/06/2016	Dutch	PDF
Full model	31/12/2014	04/06/2015	30/06/2015	Dutch	PDF
Full model	31/12/2013	04/06/2014	03/07/2014	Dutch	PDF
Full model	31/12/2012	07/06/2013	12/06/2013	Dutch	PDF
Full model	31/12/2011	29/06/2012	05/07/2012	Dutch	PDF
Full model	31/12/2010	29/06/2011	13/07/2011	Dutch	PDF
Full model	31/12/2009	02/06/2010	05/07/2010	Dutch	PDF
Full model	31/12/2008	17/06/2009	19/08/2009	Dutch	PDF
Full model	31/12/2007	29/05/2008	04/06/2008	Dutch	PDF
Full model	31/12/2006	07/06/2007	06/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 29 ended

Active mandates

3DH

Director · since 04 juin 2024 · until 05 juin 2031 · 0690.742.641

Represented by BART D'HONDT

Active

TAL Consult

Director · since 24 juin 2021 · until 03 juin 2027 · 0752.524.416

Represented by TOM THIEFFRY

Active

FRANKY SYMOENS

Managing director · since 04 juin 2020 · until 01 juin 2026

Active

MARIANNE DE GEEST

Director · since 04 juin 2020 · until 01 juin 2026

Active

Ended mandates

HOLDING DG

Director · since 06 juin 2019 · until 04 juin 2020 · 0428.490.372

Represented by FRANKY SYMOENS

Ended

HOLDING DG

Director · since 06 juin 2019 · until 05 juin 2025 · 0428.490.372

Represented by Franky Symoens

Ended

3DH

Director · since 07 juin 2018 · until 06 juin 2024 · 0690.742.641

Represented by BART D'HONDT

Ended

3DH

Director · since 07 juin 2018 · until 06 juin 2024 · 0690.742.641

Represented by Bart D'Hondt

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/09/2026
EINDE MANDAAT - HERBENOEMING (GEDELEGEERD) BESTUURDER —
PDF
Mandates19/09/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/09/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/10/2021
ONTSLAGEN - BENOEMINGEN - DIVERSEN
PDF
Mandates06/10/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/07/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/07/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/07/2018
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025362,8 k €↓
2024
Annual accounts 20241,8 M €↑
2023
Annual accounts 2023901,2 k €↑
2022
Annual accounts 2022-92,8 k €↓
2021
Annual accounts 202154,1 k €↓
2020
Annual accounts 2020759,6 k €↑
2019
Annual accounts 2019-155,2 k €↓
2018
Annual accounts 2018158,1 k €↓
2017
Annual accounts 2017220,4 k €↑
2015
Annual accounts 2015-75,1 k €↑
2014
Annual accounts 2014-169,7 k €↓
2013
Annual accounts 2013311,7 k €↓
2012
Annual accounts 2012498,9 k €↑
2011
Annual accounts 2011-436,3 k €↓
2010
Annual accounts 2010529,4 k €↓
2009
Annual accounts 2009705,8 k €
19/12/1972
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

POLYPANE GLASINDUSTRIE

Overview

What does POLYPANE GLASINDUSTRIE do?

Trend over 16 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline