ACTIVE

BOREALIS POLYMERS

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Financial year 2025 · closed on 31/12/2025

Net result

6,5 M €

-29.1% YoY

Revenue

207,8 M €

-8.2% YoY

Equity

172,9 M €

+4.9% YoY

Workforce

580,2 ETP

-1.8% YoY

What does BOREALIS POLYMERS do?

BOREALIS POLYMERS is a Public limited company incorporated in 1996. Its main activity is: Manufacture of plastics in primary forms. Its registered office is in Beringen. It employs on average 580,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0457.665.893

Incorporation

02/04/1996

Legal form

Public limited company

Registered office

Industrieweg 148
3583 Beringen · FlandreSee on map

Contributed capital

83 500,00 €

Latest accounts

31/12/2025

Average workforce

580,2 ETP

Activities (NACE)

20160Manufacture of plastics in primary forms· main 20160Manufacture of plastics in primary forms 24160Manufacture of basic iron and steel and of ferro-alloys

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	207,8 M €	-8.2%	226,4 M €	-6.8%	242,9 M €	+18.9%	204,4 M €	+9.3%	186,9 M €	+8.9%	171,7 M €	-5.8%	182,2 M €	+9.6%	166,3 M €	+10.4%	150,6 M €	+6.8%	141,1 M €	+5.5%	133,7 M €	+2.3%	130,7 M €	-6.8%	140,2 M €	+0.1%	140,1 M €	+2.2%	137,1 M €	-48.7%	267,3 M €	-78.3%	1,2 Md €	-33.2%	1,8 Md €	-11.6%	2,1 Md €
EBITDA	31,2 M €	-13.2%	35,9 M €	-13.0%	41,3 M €	+16.4%	35,5 M €	+2.5%	34,6 M €	+3.1%	33,6 M €	+10.4%	30,5 M €	+5.4%	28,9 M €	+7.5%	26,9 M €	+21.5%	22,1 M €	-2.3%	22,6 M €	-11.8%	25,7 M €	-28.6%	35,9 M €	-12.0%	40,9 M €	-1.6%	41,5 M €	+5.4%	39,4 M €	+267%	-23,6 M €	-335%	10 M €	-84.6%	65 M €
Operating result	10,2 M €	+7.0%	9,6 M €	-43.8%	17 M €	+58.8%	10,7 M €	+19.7%	9 M €	+7.2%	8,4 M €	-10.3%	9,3 M €	-4.5%	9,8 M €	+1.7%	9,6 M €	+103%	4,7 M €	-23.8%	6,2 M €	-47.8%	11,9 M €	-43.7%	21,1 M €	-12.5%	24,1 M €	-0.6%	24,3 M €	-18.5%	29,8 M €	+211%	-26,8 M €	+19.2%	-33,2 M €	-168%	48,8 M €
Net result	6,5 M €	-29.1%	9,2 M €	-93.3%	136,5 M €	+1958%	6,6 M €	-10.3%	7,4 M €	+8.4%	6,8 M €	-5.7%	7,2 M €	-6.2%	7,7 M €	+3.6%	7,4 M €	-84.7%	48,7 M €	+853%	5,1 M €	-43.0%	9 M €	-58.2%	21,5 M €	-18.7%	26,4 M €	-8.1%	28,7 M €	-1.7%	29,2 M €	+235%	-21,7 M €	+1.0%	-21,9 M €	-137%	59,3 M €
Balance sheet
Equity	172,9 M €	+4.9%	164,8 M €	+5.9%	155,6 M €	-46.2%	289 M €	+2.1%	283,1 M €	+2.7%	275,7 M €	+2.5%	268,9 M €	+2.7%	261,7 M €	+3.0%	254 M €	+3.0%	246,7 M €	+24.6%	198 M €	-64.2%	552,3 M €	+1.6%	543,4 M €	+4.1%	521,9 M €	+5.3%	495,6 M €	+6.1%	466,9 M €	+6.6%	437,8 M €	-4.7%	459,6 M €	-4.6%	481,5 M €
Total assets	246,4 M €	-7.0%	264,9 M €	-56.1%	603,9 M €	+27.0%	475,5 M €	-20.2%	595,7 M €	+86.5%	319,4 M €	-1.6%	324,7 M €	+5.3%	308,3 M €	+1.8%	302,9 M €	+1.7%	297,9 M €	+21.9%	244,4 M €	-58.8%	592,8 M €	+1.3%	585,4 M €	+3.1%	567,9 M €	+1.0%	562,3 M €	+4.7%	537,1 M €	-14.9%	630,9 M €	+0.2%	629,4 M €	-14.5%	736,5 M €
Cash	23,6 M €	+2504%	904,5 k €	-99.8%	383,4 M €	+74697%	512,6 k €	+24.9%	410,3 k €	-93.2%	6 M €	+1512%	374,2 k €	-30.8%	541 k €	-98.9%	47,2 M €	+1708%	2,6 M €	+1155%	208,1 k €	-8.8%	228,2 k €	+66.0%	137,5 k €	+116%	63,6 k €	-37.2%	101,3 k €	+213%	32,3 k €	-52.1%	67,5 k €	-71.8%	239,2 k €	-85.3%	1,6 M €
Debts	72,5 M €	-25.7%	97,6 M €	-78.1%	446,4 M €	+142%	184,4 M €	-40.6%	310,2 M €	+643%	41,7 M €	-21.2%	52,9 M €	+20.2%	44,1 M €	-3.3%	45,6 M €	-3.0%	47 M €	+12.7%	41,7 M €	+20.9%	34,5 M €	-2.1%	35,2 M €	-4.9%	37 M €	-33.5%	55,6 M €	-3.2%	57,5 M €	-66.8%	173,1 M €	+7.4%	161,2 M €	-31.0%	233,7 M €
Other
Workforce	580,2 ETP	-1.8%	590,8 ETP	+1.4%	582,4 ETP	-0.1%	583,2 ETP	+0.3%	581,6 ETP	-0.6%	585,0 ETP	-3.4%	605,8 ETP	+0.1%	604,9 ETP	+4.8%	577,3 ETP	+2.9%	561,1 ETP	+2.4%	548,2 ETP	+1.8%	538,4 ETP	+0.3%	536,6 ETP	-1.4%	544,1 ETP	-1.5%	552,3 ETP	-6.4%	589,8 ETP	-11.4%	666,0 ETP	-9.0%	732,2 ETP	-2.5%	751,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 27 ended

Active mandates

LOUIS DESAL

Director · since 01 octobre 2023 · until 08 mai 2029

Active

STEFAN CALUWE

Director · since 09 mai 2023 · until 08 mai 2029

Active

THOMAS VAN DE VELDE

Director · since 12 mai 2020 · until 12 mai 2026

Active

Ended mandates

BOB WULLAERT

Director · since 09 mai 2023 · until 30 septembre 2023

Ended

WOLFGANG KRENN

Director · since 13 septembre 2021 · until 15 janvier 2024

Ended

WOLFGANG KRENN

Director · since 13 septembre 2021 · until 11 mai 2027

Ended

KLAARTJE VERMEULEN

Director · since 11 mai 2021 · until 13 septembre 2021

Ended

At this address

Other companies at this address

Company	CBE no.
BOREALIS ANTWERPEN● Active	0472.876.879
Borealis Club● Active	0434.912.663
BOREALIS KALLO● Active	0432.746.692

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Consolidated accounts
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	11/06/2026	10/06/2025	13/06/2024	22/05/2023	25/10/2022	10/06/2021
General meeting	12/05/2026	13/05/2025	14/05/2024	09/05/2023	13/06/2022	01/01/9999
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

38 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	12/05/2026	11/06/2026	Dutch	PDF
Full model	31/12/2024	13/05/2025	10/06/2025	Dutch	PDF
Full model	31/12/2023	14/05/2024	13/06/2024	Dutch	PDF
Full model	31/12/2022	09/05/2023	22/05/2023	Dutch	PDF
Consolidated accounts	31/12/2022	—	05/06/2023	Dutch	PDF
Full modelCorrection	31/12/2021	13/06/2022	25/10/2022	Dutch	PDF
Full model	31/12/2021	13/06/2022	16/06/2022	Dutch	PDF
Consolidated accounts	31/12/2021	—	20/06/2022	Dutch	PDF
Full model	31/12/2020	11/05/2021	08/06/2021	Dutch	PDF
Consolidated accounts	31/12/2020	01/01/9999	10/06/2021	Dutch	PDF
Full model	31/12/2019	12/05/2020	09/06/2020	Dutch	PDF
Consolidated accounts	31/12/2019	01/01/9999	09/06/2020	Dutch	PDF
Full model	31/12/2018	14/05/2019	13/06/2019	Dutch	PDF
Consolidated accounts	31/12/2018	01/01/9999	13/06/2019	Dutch	PDF
Full model	31/12/2017	08/05/2018	31/05/2018	Dutch	PDF
Consolidated accounts	31/12/2017	01/01/9999	31/05/2018	Dutch	PDF
Full model	31/12/2016	09/05/2017	26/06/2017	Dutch	PDF
Consolidated accounts	31/12/2016	01/01/9999	26/06/2017	Dutch	PDF
Full model	31/12/2015	10/05/2016	07/06/2016	Dutch	PDF
Consolidated accounts	31/12/2015	01/01/9999	07/06/2016	Dutch	PDF
Full model	31/12/2014	12/05/2015	08/06/2015	Dutch	PDF
Consolidated accounts	31/12/2014	01/01/9999	08/06/2015	Dutch	PDF
Full model	31/12/2013	13/05/2014	12/06/2014	Dutch	PDF
Consolidated accounts	31/12/2013	01/01/9999	25/06/2014	Dutch	PDF

View all 38 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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 · 3 active · 27 ended

Active mandates

LOUIS DESAL

Director · since 01 octobre 2023 · until 08 mai 2029

Active

STEFAN CALUWE

Director · since 09 mai 2023 · until 08 mai 2029

Active

THOMAS VAN DE VELDE

Director · since 12 mai 2020 · until 12 mai 2026

Active

Ended mandates

BOB WULLAERT

Director · since 09 mai 2023 · until 30 septembre 2023

Ended

WOLFGANG KRENN

Director · since 13 septembre 2021 · until 15 janvier 2024

Ended

WOLFGANG KRENN

Director · since 13 septembre 2021 · until 11 mai 2027

Ended

KLAARTJE VERMEULEN

Director · since 11 mai 2021 · until 13 septembre 2021

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates07/07/2026
DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/07/2026
DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Restructuring06/08/2025
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring09/05/2025
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates08/03/2024
ONTSLAGEN - BENOEMINGEN
PDF
Other08/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates06/12/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/09/2023
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 20256,5 M €↓
30/06/2025
augmentation_capital
2024
Annual accounts 20249,2 M €↓
2023
Annual accounts 2023136,5 M €↑
01/10/2023
nominationDesal Louis — bestuurder
05/08/2023
reconductionBob Wullaert — bestuurder
05/08/2023
reconductionStefan Caluwe — bestuurder
09/05/2023
nominationKPMG Bedrijfsrevisoren BV/SRL — commissaris
09/05/2023
nominationHerwig Carmans — vaste vertegenwoordiger
2022
Annual accounts 20226,6 M €↓
13/06/2022
nominationPeter Van den Eynde — commissaris
2021
Annual accounts 20217,4 M €↑
2020
Annual accounts 20206,8 M €↓
2019
Annual accounts 20197,2 M €↓
2018
Annual accounts 20187,7 M €↑
2017
Annual accounts 20177,4 M €↓
2016
Annual accounts 201648,7 M €↑
2015
Annual accounts 20155,1 M €↓
2014
Annual accounts 20149 M €↓
2013
Annual accounts 201321,5 M €↓
2012
Annual accounts 201226,4 M €↓
2011
Annual accounts 201128,7 M €↓
2010
Annual accounts 201029,2 M €↑
2009
Annual accounts 2009-21,7 M €↑
2008
Annual accounts 2008-21,9 M €↓
2007
Annual accounts 200759,3 M €
02/04/1996
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

BOREALIS POLYMERS

Overview

What does BOREALIS POLYMERS do?

Trend over 19 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