ACTIVE

POLYPANE GLASINDUSTRIE

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Financial year 2025 · Closed on 31/12/2025

Net result362,8 k €-80,0 %over 1 year

Revenue30,9 M €-3,1 %over 1 year

Equity7,4 M €-0,6 %over 1 year

Workforce143,7 ETP-3,1 %over 1 year

Identity

Source · BCE/KBO

POLYPANE GLASINDUSTRIE is a Public limited company incorporated in 1972. Its main activity is: Shaping and processing of flat glass. 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

Activities (NACE)

23120Shaping and processing of flat glass· main 23120Shaping and processing of flat glass 26120Manufacture of loaded electronic boards 23150Manufacture of glass and glass products 23190Manufacture and processing of other glass, including technical glassware 26150Manufacture of electronic components and boards+2

Joint committees (4)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 16 financial years

	2025		2024		2023		2022		2021
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 €
EBITDA	1,2 M €	-65.9%	3,6 M €	+35.0%	2,7 M €	+119%	1,2 M €	+65.4%	733,3 k €
Operating result	433,4 k €	-82.7%	2,5 M €	+94.4%	1,3 M €	+956%	-150,2 k €	-2332%	-6,2 k €
Net result	362,8 k €	-80.0%	1,8 M €	+102%	901,2 k €	+1071%	-92,8 k €	-271%	54,1 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 €
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 €
Cash	1,5 M €	-26.9%	2 M €	+13.3%	1,8 M €	+102%	874,2 k €	-38.2%	1,4 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 €
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

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 6 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
3DH0690.742.641Represented by BART D'HONDT	Director07/06/2018 → 05/06/2031
TAL Consult0752.524.416Represented by TOM THIEFFRY	Director24/06/2021 → 03/06/2027
FRANKY SYMOENS	Managing director29/05/2008 → 01/06/2026
MARIANNE DE GEEST	Director04/06/2020 → 01/06/2026

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
HOLDING DG0428.490.372Represented by FRANKY SYMOENS	Director06/06/2019 → 2020 accounts
Salese0688.701.384Represented by Steve Servotte	Director07/06/2018 → 2019 accounts

Other companies at this address

Industriepark-Noord 31 9100 Sint-Niklaas

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

Full financial information

Source · NBB

	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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

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

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.

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 6 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
3DH0690.742.641Represented by BART D'HONDT	Director07/06/2018 → 05/06/2031
TAL Consult0752.524.416Represented by TOM THIEFFRY	Director24/06/2021 → 03/06/2027
FRANKY SYMOENS	Managing director29/05/2008 → 01/06/2026
MARIANNE DE GEEST	Director04/06/2020 → 01/06/2026

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
HOLDING DG0428.490.372Represented by FRANKY SYMOENS	Director06/06/2019 → 2020 accounts
Salese0688.701.384Represented by Steve Servotte	Director07/06/2018 → 2019 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

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

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings16 filings

Mandates

3DH

TAL Consult

MARIANNE DE GEEST

FRANKY SYMOENS

HOLDING DG

Salese

Bart D'Hondt

Jenny DE GEEST

GLAS HOLDING BELGIE

SCHEUTEN GLASGROEP HOLDING B.V.

197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028202920302031

POLYPANE GLASINDUSTRIE

Industriepark-Noord 31, 9100 Sint-Niklaas

Director

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Industriepark-Noord 31, 9100 Sint-NiklaasCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00235244

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
POLYPANE GLASINDUSTRIECurrent	accounts 2009 → 2025	Accounts 2025 · 2026-00235244

Events

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

POLYPANE GLASINDUSTRIE

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events