OPENING OF BANKRUPTCY

Polyform

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Financial year 2022 · closed on 31/12/2022

Net result

-763,2 k €

-4616.7% YoY

Gross margin

1 M €

-40.4% YoY

Equity

383,6 k €

-66.5% YoY

Workforce

25,0 ETP

-18.3% YoY

Company — Opening of bankruptcy.

What does Polyform do?

Polyform is a Public limited company incorporated in 2015. Its main activity is: Manufacture of plastics in primary forms. Its registered office is in Ans. It employs on average 25,0 ETP workers (FTE).

Legal situation

● Opening of bankruptcy

BCE/KBO no. / VAT

BE 0627.934.646

Incorporation

03/04/2015

Legal form

Public limited company

Registered office

Rue Bonne-Fortune 102
4430 Ans · WallonieSee on map

Contributed capital

1 523 276,00 €

Latest accounts

31/12/2022

Average workforce

25,0 ETP

Activities (NACE)

20160Manufacture of plastics in primary forms· main 20160Manufacture of plastics in primary forms 22260Manufacture of plastic products 22290Manufacture of other plastic products 24200Manufacture of tubes, pipes, hollow profiles and related fittings, of steel 24200Manufacture of tubes, pipes, hollow profiles and related fittings, of steel

Joint committees (2)

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 8 financial years

	2022		2021		2020		2019		2018		2017		2016		2015
Income statement
Gross margin	1 M €	-40.4%	1,8 M €	-11.3%	2 M €	+4.9%	1,9 M €	-21.6%	2,4 M €		–		–		–
EBITDA	-579,1 k €	-339%	242,1 k €	-12.1%	275,5 k €	+1282%	19,9 k €	-91.3%	228,1 k €	+17.2%	194,6 k €	-15.9%	231,5 k €	+22.5%	189 k €
Operating result	-726,1 k €	-2876%	26,2 k €	+38.4%	18,9 k €	+108%	-250,6 k €	-550%	55,6 k €	+19.2%	46,7 k €	-39.8%	77,5 k €	+63.1%	47,5 k €
Net result	-763,2 k €	-4617%	-16,2 k €	+72.9%	-59,8 k €	+81.0%	-314,2 k €	-2893%	11,2 k €	+223%	-9,2 k €	-307%	4,4 k €	+113%	-33,3 k €
Balance sheet
Equity	383,6 k €	-66.5%	1,1 M €	+2.1%	1,1 M €	-5.1%	1,2 M €	-21.0%	1,5 M €	+0.8%	1,5 M €	-0.6%	1,5 M €	+0.3%	1,5 M €
Total assets	4,3 M €	-8.8%	4,7 M €	+6.1%	4,5 M €	-2.5%	4,6 M €	+40.0%	3,3 M €	-4.3%	3,4 M €	+8.4%	3,2 M €	-14.2%	3,7 M €
Cash	238,1 k €	-30.8%	344,3 k €	-14.2%	401,3 k €	-3.4%	415,5 k €	+22.3%	339,9 k €	+19.7%	283,9 k €	+0.7%	282 k €	-21.0%	357,2 k €
Debts	3,9 M €	+9.9%	3,6 M €	+7.1%	3,3 M €	-0.9%	3,4 M €	+94.7%	1,7 M €	-7.5%	1,9 M €	+18.4%	1,6 M €	-23.9%	2,1 M €
Other
Workforce	25,0 ETP	-18.3%	30,6 ETP	-13.1%	35,2 ETP	-6.6%	37,7 ETP	-5.3%	39,8 ETP	-5.0%	41,9 ETP	-1.9%	42,7 ETP	+0.7%	42,4 ETP

Governance

Board of directors

Seen on filing of 31/12/2022 · 2 active · 9 ended

Active mandates

Fernando FUENTES URANGA

Director

Active

G SQUARE Consulting

Managing director · 0887.934.733

Represented by Ghislain GILLIOT

Active

Ended mandates

Fernando FUENTES URANGA

Director · since 24 décembre 2019 · until 20 mai 2026

Ended

ASPEL GROUP

Director · since 01 octobre 2017 · until 24 décembre 2019 · 0402.297.404

Represented by Paul PLASSCHAERT

Ended

ASPEL GROUP

Director · since 01 octobre 2017 · until 15 mai 2024 · 0402.297.404

Represented by Paul PLASSCHAERT

Ended

G SQUARE Consulting

Managing director · since 01 octobre 2017 · until 15 mai 2024 · 0887.934.733

Represented by Ghislain GILLIOT

Ended

At this address

Other companies at this address

Company	CBE no.
ACALIN● Active	0449.791.275
SemaFinances● Active	1031.801.272
SEMAFORMA● Active	0885.380.168
SERVICES MANAGEMENT FORMATION● Active	0442.445.407
Simonis Plastic● Bankrupt	0406.810.278

Annual accounts

Full financial information

	2022	2021	2020	2019	2018	2017
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Full model
Start of the financial year	01/01/2022	01/01/2021	01/01/2020	01/01/2019	01/01/2018	01/01/2017
Closing of the financial year	31/12/2022	31/12/2021	31/12/2020	31/12/2019	31/12/2018	31/12/2017
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	11/04/2024	27/08/2022	05/08/2021	08/07/2020	13/06/2019	26/09/2018
General meeting	03/04/2024	18/05/2022	28/05/2021	19/06/2020	15/05/2019	16/05/2018
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

10 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2022	03/04/2024	11/04/2024	French	PDF
Abridged model	31/12/2021	18/05/2022	27/08/2022	French	PDF
Abridged model	31/12/2020	28/05/2021	05/08/2021	French	PDF
Abridged modelCorrection	31/12/2019	19/06/2020	08/07/2020	French	PDF
Abridged model	31/12/2019	19/06/2020	29/06/2020	French	PDF
Abridged model	31/12/2018	15/05/2019	13/06/2019	French	PDF
Full modelCorrection	31/12/2017	16/05/2018	26/09/2018	French	PDF
Full model	31/12/2017	16/05/2018	06/06/2018	French	PDF
Full model	31/12/2016	17/05/2017	13/06/2017	French	PDF
Full model	31/12/2015	30/06/2016	25/07/2016	French	PDF

Estimate

Indicative valuation

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.

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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 31/12/2022 · 2 active · 9 ended

Active mandates

Fernando FUENTES URANGA

Director

Active

G SQUARE Consulting

Managing director · 0887.934.733

Represented by Ghislain GILLIOT

Active

Ended mandates

Fernando FUENTES URANGA

Director · since 24 décembre 2019 · until 20 mai 2026

Ended

ASPEL GROUP

Director · since 01 octobre 2017 · until 24 décembre 2019 · 0402.297.404

Represented by Paul PLASSCHAERT

Ended

ASPEL GROUP

Director · since 01 octobre 2017 · until 15 mai 2024 · 0402.297.404

Represented by Paul PLASSCHAERT

Ended

G SQUARE Consulting

Managing director · since 01 octobre 2017 · until 15 mai 2024 · 0887.934.733

Represented by Ghislain GILLIOT

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/06/2024
DEMISSIONS, NOMINATIONS
PDF
Registered office19/10/2023
SIEGE SOCIAL
PDF
Mandates14/02/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates19/03/2018
DEMISSIONS, NOMINATIONS - DIVERS
PDF
Mandates13/10/2017
DEMISSIONS, NOMINATIONS
PDF
Capital / shares20/07/2015
CAPITAL, ACTIONS
PDF
Capital / shares27/05/2015
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Other16/04/2015
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

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2022
Annual accounts 2022-763,2 k €↓
2021
Annual accounts 2021-16,2 k €↑
2020
Annual accounts 2020-59,8 k €↑
2019
Annual accounts 2019-314,2 k €↓
2018
Annual accounts 201811,2 k €↑
2017
Annual accounts 2017-9,2 k €↓
2016
Annual accounts 20164,4 k €↑
2015
Annual accounts 2015-33,3 k €
03/04/2015
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

Polyform

Overview

What does Polyform do?

Trend over 8 financial years

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