ACTIVE

FRX Polymers (Europe)

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Financial year 2024 · Closed on 31/12/2024

Net result-4 M €-40,1 %over 1 year
Gross margin-1,1 M €-53,0 %over 1 year
Equity-14,5 M €-38,3 %over 1 year
Workforce5,5 ETP-28,6 %over 1 year

Identity

Source · BCE/KBO

FRX Polymers (Europe) is a Public limited company incorporated in 2011. Its main activity is: Manufacture of plastics in primary forms. Its registered office is in Antwerpen. It employs on average 5,5 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0840.960.108
Incorporation
03/11/2011
Legal form
Public limited company
Registered office
Scheldelaan 420
2040 Antwerpen · FlandreSee on map
Contributed capital
1 122 793,11 €
Latest accounts
31/12/2024
Average workforce
5,5 ETP
Joint committees (2)
  • 116
  • 207
Signals
Healthy social debts

Financials

Source · NBB, 13 filings

Trend over 10 financial years

20242023202220212018
Income statement
Gross margin-1,1 M €-688,7 k €-182,2 k €242,6 k €-1,2 M €
EBITDA-1,8 M €-1,5 M €-1,2 M €-883,1 k €-3,1 M €
Operating result-2,7 M €-2,4 M €-2,3 M €-1,9 M €-4,5 M €
Net result-4 M €-2,9 M €-3,4 M €-2,7 M €-6,4 M €
Balance sheet
Equity-14,5 M €-10,5 M €-7,6 M €-4,2 M €-20,2 M €
Total assets15,3 M €16,6 M €19,3 M €20,1 M €22,4 M €
Cash4,5 k €55,3 k €39,7 k €293,8 k €654,4 k €
Debts26 M €23,6 M €23,5 M €21,1 M €38,6 M €
Other
Workforce5,5 ETP7,7 ETP9,6 ETP9,9 ETP13,2 ETP

Board of directors

Source · NBB, accounts to 31/12/2024

2 active · 21 ended

Active mandates

Bartosz Kurkowski

Director · since 23 janvier 2025

Active
Patrick Muezers

Director · since 23 janvier 2025

Active

Ended mandates

Mike Goode

Director · since 28 novembre 2023

Ended
Oluseyi Alayi

Director · since 06 janvier 2021 · until 28 novembre 2023

Ended
Oluseyi Alayi

Director · since 06 janvier 2021 · until 31 mai 2026

Ended
Oluseyi Alayi

Director · since 06 janvier 2021 · until 01 juin 2026

Ended

Other companies at this address

Scheldelaan 420 2040 Antwerpen
CompanyCBE no.
Covestro● Active
0627.857.343
Envalior● Active
0867.573.542

Full financial information

Source · NBB
202420232022202120202019
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202401/01/202301/01/202201/01/202101/01/202001/01/2019
Closing of the financial year31/12/202431/12/202331/12/202231/12/202131/12/202031/12/2019
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date31/10/202511/12/202415/10/202425/08/202230/09/202110/07/2020
General meeting28/10/202505/12/202406/12/202329/07/202231/05/202131/05/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 13 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202428/10/202531/10/2025DutchPDF
Abridged model31/12/202305/12/202411/12/2024DutchPDF
Abridged model31/12/202206/12/202315/10/2024DutchPDF
Abridged model31/12/202129/07/202225/08/2022DutchPDF
Abridged model31/12/202031/05/202130/09/2021DutchPDF
Abridged model31/12/201931/05/202010/07/2020DutchPDF
Abridged model31/12/201831/05/201923/08/2019DutchPDF
Abridged model31/12/201706/08/201827/08/2018DutchPDF
Full model31/12/201631/05/201731/08/2017DutchPDF
Full model31/12/201522/08/201631/08/2016DutchPDF
Full model31/12/201425/08/201525/09/2015DutchPDF
Full model31/12/201310/09/201418/09/2014DutchPDF
Full model31/12/201223/07/201326/11/2013DutchPDF

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.

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 31/12/2024

2 active · 21 ended

Active mandates

Bartosz Kurkowski

Director · since 23 janvier 2025

Active
Patrick Muezers

Director · since 23 janvier 2025

Active

Ended mandates

Mike Goode

Director · since 28 novembre 2023

Ended
Oluseyi Alayi

Director · since 06 janvier 2021 · until 28 novembre 2023

Ended
Oluseyi Alayi

Director · since 06 janvier 2021 · until 31 mai 2026

Ended
Oluseyi Alayi

Director · since 06 janvier 2021 · until 01 juin 2026

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates19/06/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares30/01/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Mandates22/11/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates09/04/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates11/01/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates01/02/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates05/03/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates25/06/2020
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF

Similar companies

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

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Timeline

  1. 2024
    Annual accounts 2024-4 M €↓
  2. 2023
    Annual accounts 2023-2,9 M €↑
  3. 2022
    Annual accounts 2022-3,4 M €↓
  4. 2021
    Annual accounts 2021-2,7 M €↑
  5. 2018
    Annual accounts 2018-6,4 M €↑
  6. 2017
    Annual accounts 2017-6,8 M €↓
  7. 2016
    Annual accounts 2016-4,2 M €↑
  8. 2014
    Annual accounts 2014-5 M €↓
  9. 2013
    Annual accounts 2013-1,7 M €↓
  10. 2012
    Annual accounts 2012-1,2 M €
  11. 03/11/2011
    IncorporationPublic limited company