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ACE PACKAGING

Active
Public limited companyfounded 196561 yrs activeItselaarlaan 5, 3290 Diest, BelgiumKBO/BCE: BE 0400.942.669

The file of ACE PACKAGING contains 1 historical bankruptcy publication, as published in the Belgian State Gazette.

Summary

The computed 12-month bankruptcy probability is 0.2% (very low). The 2025 annual accounts show equity of €30.8m and a net result of €4.7m. Equity is growing by ~4.9% per year across the filed fiscal years. Its solvency ranks better than 91% of 74 sector peers (fiscal year 2025).

Checked score

Score 2025
Axes · tick = 2024
Profitability77▼-5
Solvency100=
Growth56▼-1
Track record85
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000,000 at 30 days only on tighter terms
Liquidity ample (current ratio 4.2 against 3.19 in 2024; short-term debt: 19.1% and cash: 2.3% of total assets), and 20.3% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 61 years 0 70 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
79.7%
Return on assets
12.2%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 17
Relative position
BE, all sectors
reference
Manufacture of paper and paper products (NACE 17)
about 49% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
neutral · Prior bankruptcy
Earlier bankruptcy on record in the Belgian State Gazette, no current open procedure.
Belgian State Gazette
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-09-2026, 40 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
40 d late
2024
13 d late
2023
9 d early
2022
36 d late
2021
50 d late
2020
72 d late
2019
66 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 38 days after the deadline; the sector median for financial year 2024 is 13 days before the deadline, and 34% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 8 May 1965, ACE PACKAGING was incorporated.1 Revenue went from EUR 37 million in 2018 to EUR 55 million in 2025 and headcount from 93.5 to 70.4 full-time equivalents.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, full schema

Turnover
€55.3m▼ 2.8%
2024 · €56.9m
EBIT margin
8.8%▼ 1.6pp
2024 · 10.4%
Net result
€4.7m▼ 16.7%
2024 · €5.7m
Working capital
€23.6m▲ 32.4%
2024 · €17.8m
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Turnover€49.9m▲ 12.2%€62.3m▲ 25.0%€57.3m▼ 8.1%€56.9m▼ 0.7%€55.3m▼ 2.8%
Operating result€2.3m▼ 49.6%€2.8m▲ 25.9%€4.1m▲ 45.0%€5.9m▲ 44.3%€4.9m▼ 17.5%
Net result€1.7m▼ 50.9%€2.1m▲ 22.4%€3.6m▲ 72.9%€5.7m▲ 57.1%€4.7m▼ 16.7%
EBIT margin4.5%▼ 5.5pp4.5%=7.2%▲ 2.6pp10.4%▲ 3.2pp8.8%▼ 1.6pp
Equity€39.1m▲ 4.4%€41.2m▲ 5.3%€44.8m▲ 8.8%€26.1m▼ 41.8%€30.8m▲ 18.1%
Total assets€48.3m▲ 7.1%€49.0m▲ 1.5%€52.3m▲ 6.7%€34.4m▼ 34.2%€38.6m▲ 12.3%
Debt€8.9m▲ 23.4%€7.6m▼ 14.4%€7.3m▼ 3.8%€8.2m▲ 11.8%€7.5m▼ 8.1%
Working capital€30.4m▲ 20.5%€34.0m▲ 11.6%€37.2m▲ 9.7%€17.8m▼ 52.1%€23.6m▲ 32.4%
Staff (FTE)84.2▼ 4.9%81.7▼ 3.0%76.4▼ 6.5%68.3▼ 10.6%70.4▲ 3.1%
Why a figure moved sharply
  • 2024 Net result +57% on 2023. Cause not known from the registers.
  • 2023 Net result +73% on 2022. Cause not known from the registers.
  • 2021 Net result -51% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
€0€2.0m€4.0m€6.0mOperating result 2021: €2.3m€2.3mNet result 2021: €1.7m€1.7mOperating result 2022: €2.8m€2.8mNet result 2022: €2.1m€2.1mOperating result 2023: €4.1m€4.1mNet result 2023: €3.6m€3.6mOperating result 2024: €5.9m€5.9mNet result 2024: €5.7m€5.7mOperating result 2025: €4.9m€4.9mNet result 2025: €4.7m€4.7m20212022202320242025€0€2m€4m€6mOperating result 2023: €4.1m€4.1mNet result 2023: €3.6m€3.6mOperating result 2024: €5.9m€5.9mNet result 2024: €5.7m€5.7mOperating result 2025: €4.9m€4.9mNet result 2025: €4.7m€4.7m202320242025
The operating result falls in 2025; 2025 is 17% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €38.6m
Fixed assets €7.6m ▼ 9.2%
Current assets €31.0m ▲ 19.3%
Equity and liabilities €38.6m
Equity €30.8m ▲ 18.1%
Provisions €304,548 ▲ 134%
Debt €7.5m ▼ 8.1%
Debt's share of the balance-sheet total falls from 23.8% to 19.5%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€6.1m▼
2024 · €6.9m
Cash flow
€5.9m▼
2024 · €6.6m
Current ratio
4.20▲
2024 · 3.19
Quick ratio
2.77▲
2024 · 1.95
Debt to equity
0.24▼
2024 · 0.31
ROE
15.3%▼
2024 · 21.7%
ROA
12.2%▼
2024 · 16.5%
Interest coverage
81.50▼
2024 · 138.85
Debt ≤ 1 year
€7.4m▼
2024 · €8.1m
Debt > 1 year
€122,239
Income taxes
€614,348▼
2024 · €2.4m
Staff costs
€4.9m▲
2024 · €4.4m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,552 companies that looked in July 2024 the way this one looks now, 0.1% went bankrupt within 24 months and 97% are still going.

  • Medium-sized
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.1% went bankrupt
3.2% stopped otherwise
97% still going

For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 1,552 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 102 lines
Balance sheet Code20242025
Assets
Total assets20/58€34.4m€38.6m▲
Fixed assets21/28€8.4m€7.6m▼
Intangible fixed assets21€264,381€1.6m▲
Tangible fixed assets22/27€3.2m€3.4m▲
Land and buildings22€234,142€207,821▼
Plant, machinery and equipment23€1.7m€2.3m▲
Furniture and vehicles24€435,163€288,550▼
Leasing and similar rights25€47,646€210,251▲
Other tangible fixed assets26€367,943€306,563▼
Assets under construction and advance payments27€449,269€69,993▼
Financial fixed assets28€4.9m€2.7m▼
Affiliated companies280/1€4.9m€2.7m▼
Participating interests280€2.3m€3,340▼
Amounts receivable281€2.7m€2.7m=
Other financial fixed assets284/8€1,054€4,739▲
Shares284€1,054€4,739▲
Current assets29/58€26.0m€31.0m▲
Stocks and contracts in progress3€10.1m€10.5m▲
Stocks30/36€10.1m€10.5m▲
Raw materials and consumables30/31€2.3m€2.0m▼
Finished goods33€480,715€604,705▲
Goods purchased for resale34€7.3m€7.9m▲
Amounts receivable within one year40/41€10.7m€19.4m▲
Trade receivables40€10.6m€10.1m▼
Other amounts receivable41€124,669€9.3m▲
Current investments50/53€3.5m-
Other investments51/53€3.5m-
Cash at bank and in hand54/58€1.3m€904,417▼
Deferred charges and accrued income490/1€323,604€179,928▼
Equity and liabilities
Total equity and liabilities10/49€34.4m€38.6m▲
Equity10/15€26.1m€30.8m▲
Contributions10/11€7.6m€7.6m=
Capital10€7.6m€7.6m=
Issued capital100€7.6m€7.6m=
Outside capital11€66,820€66,820=
Share premium1100/10€66,820€66,820=
Reserves13€12.1m€12.1m▼
Non-distributable reserves130/1€757,038€757,038=
Legal reserve130€757,038€757,038=
Tax-exempt reserves132€1.1m€1.0m▼
Distributable reserves133€10.3m€10.3m=
Profit (loss) carried forward14€6.3m€11.1m▲
Provisions and deferred taxes16€130,207€304,548▲
Provisions for liabilities and charges160/5-€190,978
Other liabilities and charges164/5-€190,978
Deferred taxes168€130,207€113,570▼
Amounts payable17/49€8.2m€7.5m▼
Amounts payable after more than one year17-€122,239
Financial debts170/4-€122,239
Leasing and similar obligations172-€122,239
Amounts payable within one year42/48€8.1m€7.4m▼
Current portion of amounts payable after more than one year42-€32,032
Financial debts43€328,008€328,008=
Credit institutions430/8€328,008€328,008=
Trade debts44€4.8m€4.3m▼
Suppliers440/4€4.8m€4.3m▼
Advances received on contracts in progress46€358,843€400,817▲
Taxes, remuneration and social security45€1.2m€853,451▼
Taxes450/3€640,946€387,098▼
Remuneration and social security454/9€521,460€466,353▼
Other amounts payable47/48€1.5m€1.5m▼
Accrued charges and deferred income492/3€37,433€13,928▼
Income statement Code20242025
Operating income70/76A€57.3m€56.0m▼
Turnover70€56.9m€55.3m▼
Change in stocks of work in progress, finished goods and contracts in progress71-€171,661€242,249▲
Other operating income74€558,510€280,844▼
Non-recurring operating income76A€14,780€119,078▲
Operating charges60/66A€51.4m€51.1m▼
Goods for resale, raw materials and consumables60€39.7m€38.4m▼
Purchases600/8€41.3m€38.8m▼
Change in stocks: decrease (increase)609-€1.5m-€456,449▲
Services and other goods61€6.2m€6.0m▼
Remuneration, social security and pensions62€4.4m€4.9m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€942,657€1.2m▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€159,116€278,356▲
Provisions for liabilities and charges: additions (uses and reversals)635/8-€920-
Other operating charges640/8€263,872€199,203▼
Non-recurring operating charges66A-€132,558
Operating profit (loss)9901€5.9m€4.9m▼
Financial income75/76B€2.2m€505,603▼
Recurring financial income75€2.2m€397,584▼
Income from current assets751€2.2m€395,487▼
Other financial income752/9€5,256€2,097▼
Non-recurring financial income76B€41€108,019▲
Financial charges65/66B€49,483€74,794▲
Recurring financial charges65€49,483€74,642▲
Other financial charges652/9€49,483€74,642▲
Non-recurring financial charges66B-€152
Profit (loss) for the period before taxes9903€8.1m€5.3m▼
Transfer from deferred taxes780€31,215€16,636▼
Income taxes67/77€2.4m€614,348▼
Taxes670/3€2.4m€614,348▼
Profit (loss) for the period9904€5.7m€4.7m▼
Transfer from tax-exempt reserves789€93,646€49,908▼
Profit (loss) for the period to be appropriated9905€5.8m€4.8m▼
Appropriation of the result
Profit (loss) to be appropriated9906€22.5m€11.1m▼
Profit (loss) brought forward from the previous period14P€16.8m€6.3m▼
Transfer from equity791/2€7.7m-
From reserves792€7.7m-
Profit to be distributed694/7€23.9m-
Return on contributions (dividend)694€23.9m-
Social balance
Average headcount (FTE)908768.370.4▲

The notes to these accounts (92 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Operating income70/76A€50.8m€62.9m€58.0m€57.3m€56.0m▼ 2.4%
Turnover70€49.9m€62.3m€57.3m€56.9m€55.3m▼ 2.8%
Change in stocks of work in progress, finished goods and contracts in progress71-€266,342€172,511€89,321-€171,661€242,249▲ 241%
Other operating income74€390,391€397,762€589,660€558,510€280,844▼ 49.7%
Non-recurring operating income76A€845,731€51,169€913€14,780€119,078▲ 706%
Operating charges60/66A€48.6m€60.1m€53.9m€51.4m€51.1m▼ 0.6%
Goods for resale, raw materials and consumables60€36.3m€47.4m€41.6m€39.7m€38.4m▼ 3.4%
Purchases600/8€37.6m€50.7m€38.6m€41.3m€38.8m▼ 5.9%
Change in stocks: decrease (increase)609-€1.2m-€3.3m€3.1m-€1.5m-€456,449▲ 69.8%
Services and other goods61€5.1m€6.8m€6.0m€6.2m€6.0m▼ 3.2%
Remuneration, social security and pensions62€4.8m€4.5m€4.8m€4.4m€4.9m▲ 11.1%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.1m€1.1m€1.1m€942,657€1.2m▲ 26.5%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€23,644-€122,023€174,786-€159,116€278,356▲ 275%
Provisions for liabilities and charges: additions (uses and reversals)635/8-€34,560-€1,485-€14,818-€920--
Other operating charges640/8€220,662€408,469€152,366€263,872€199,203▼ 24.5%
Non-recurring operating charges66A€1.0m-€24,037-€132,558-
Operating profit (loss)9901€2.3m€2.8m€4.1m€5.9m€4.9m▼ 17.5%
Financial income75/76B€212,191€506,764€556,508€2.2m€505,603▼ 77.0%
Recurring financial income75€145,893€195,339€543,168€2.2m€397,584▼ 81.9%
Income from current assets751€138,779€177,146€541,188€2.2m€395,487▼ 82.0%
Other financial income752/9€7,114€18,193€1,980€5,256€2,097▼ 60.1%
Non-recurring financial income76B€66,298€311,425€13,340€41€108,019▲ 263,361%
Financial charges65/66B€144,987€339,196-€209,769€49,483€74,794▲ 51.2%
Recurring financial charges65€144,987€339,196-€209,769€49,483€74,642▲ 50.8%
Debt charges650€36,147€4,026€1,350---
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651-€269,894-€269,894---
Other financial charges652/9€108,840€65,276€58,775€49,483€74,642▲ 50.8%
Non-recurring financial charges66B----€152-
Profit (loss) for the period before taxes9903€2.3m€3.0m€4.9m€8.1m€5.3m▼ 34.1%
Transfer from deferred taxes780€79,285€68,038€42,091€31,215€16,636▼ 46.7%
Income taxes67/77€690,994€981,562€1.3m€2.4m€614,348▼ 74.8%
Taxes670/3€702,286€1.0m€1.3m€2.4m€614,348▼ 74.8%
Tax adjustments and reversals of tax provisions77€11,292€20,729€8,401---
Profit (loss) for the period9904€1.7m€2.1m€3.6m€5.7m€4.7m▼ 16.7%
Transfer from tax-exempt reserves789€237,856€204,115€126,272€93,646€49,908▼ 46.7%
Transfer to tax-exempt reserves689€122,548-----
Profit (loss) for the period to be appropriated9905€1.8m€2.3m€3.7m€5.8m€4.8m▼ 17.2%
Line20212022202320242025Change
Assets
Total assets20/58€48.3m€49.0m€52.3m€34.4m€38.6m▲ 12.3%
Fixed assets21/28€9.8m€7.9m€7.9m€8.4m€7.6m▼ 9.2%
Intangible fixed assets21€908,653€680,340€420,907€264,381€1.6m▲ 486%
Tangible fixed assets22/27€3.0m€3.0m€2.5m€3.2m€3.4m▲ 5.9%
Land and buildings22€925,672€805,888€770,725€234,142€207,821▼ 11.2%
Plant, machinery and equipment23€995,853€1.0m€875,065€1.7m€2.3m▲ 38.4%
Furniture and vehicles24€562,467€569,016€469,194€435,163€288,550▼ 33.7%
Leasing and similar rights25---€47,646€210,251▲ 341%
Other tangible fixed assets26€552,083€490,703€429,323€367,943€306,563▼ 16.7%
Assets under construction and advance payments27-€72,378-€449,269€69,993▼ 84.4%
Financial fixed assets28€5.8m€4.3m€4.9m€4.9m€2.7m▼ 45.4%
Affiliated companies280/1€5.8m€4.3m€4.9m€4.9m€2.7m▼ 45.5%
Participating interests280€3,492€3,492€2.3m€2.3m€3,340▼ 99.9%
Amounts receivable281€5.8m€4.3m€2.7m€2.7m€2.7m=
Other financial fixed assets284/8€1,054€1,054€1,054€1,054€4,739▲ 350%
Shares284€1,054€1,054€1,054€1,054€4,739▲ 350%
Current assets29/58€38.5m€41.1m€44.4m€26.0m€31.0m▲ 19.3%
Amounts receivable after more than one year29€13.4m€11.6m€13.2m---
Other amounts receivable291€13.4m€11.6m€13.2m---
Stocks and contracts in progress3€8.3m€11.9m€8.8m€10.1m€10.5m▲ 4.1%
Stocks30/36€8.3m€11.9m€8.8m€10.1m€10.5m▲ 4.1%
Raw materials and consumables30/31€2.2m€2.7m€1.8m€2.3m€2.0m▼ 12.7%
Finished goods33€410,739€584,113€620,028€480,715€604,705▲ 25.8%
Goods purchased for resale34€5.8m€8.6m€6.4m€7.3m€7.9m▲ 8.0%
Amounts receivable within one year40/41€10.6m€11.8m€12.3m€10.7m€19.4m▲ 81.4%
Trade receivables40€10.1m€11.7m€10.9m€10.6m€10.1m▼ 4.5%
Other amounts receivable41€487,306€157,539€1.4m€124,669€9.3m▲ 7,357%
Current investments50/53€4.6m€3.7m€8.3m€3.5m--
Other investments51/53€4.6m€3.7m€8.3m€3.5m--
Cash at bank and in hand54/58€1.6m€2.1m€1.5m€1.3m€904,417▼ 31.6%
Deferred charges and accrued income490/1€20,190€50,324€180,137€323,604€179,928▼ 44.4%
Equity and liabilities
Total equity and liabilities10/49€48.3m€49.0m€52.3m€34.4m€38.6m▲ 12.3%
Equity10/15€39.1m€41.2m€44.8m€26.1m€30.8m▲ 18.1%
Contributions10/11€7.6m€7.6m€7.6m€7.6m€7.6m=
Capital10€7.6m€7.6m€7.6m€7.6m€7.6m=
Issued capital100€7.6m€7.6m€7.6m€7.6m€7.6m=
Outside capital11€66,820€66,820€66,820€66,820€66,820=
Share premium1100/10€66,820€66,820€66,820€66,820€66,820=
Revaluation surpluses12€284,543€284,543€284,543---
Reserves13€20.4m€20.2m€20.1m€12.1m€12.1m▼ 0.4%
Non-distributable reserves130/1€757,038€757,038€757,038€757,038€757,038=
Legal reserve130€757,038€757,038€757,038€757,038€757,038=
Tax-exempt reserves132€1.5m€1.3m€1.2m€1.1m€1.0m▼ 4.7%
Distributable reserves133€18.2m€18.2m€18.2m€10.3m€10.3m=
Profit (loss) carried forward14€10.7m€13.0m€16.8m€6.3m€11.1m▲ 75.3%
Provisions and deferred taxes16€288,774€219,251€162,342€130,207€304,548▲ 134%
Provisions for liabilities and charges160/5€17,223€15,738€920-€190,978-
Pensions and similar obligations160€17,223€15,738€920---
Other liabilities and charges164/5----€190,978-
Deferred taxes168€271,551€203,513€161,422€130,207€113,570▼ 12.8%
Amounts payable17/49€8.9m€7.6m€7.3m€8.2m€7.5m▼ 8.1%
Amounts payable after more than one year17€168,894---€122,239-
Financial debts170/4€168,894---€122,239-
Leasing and similar obligations172----€122,239-
Credit institutions173€168,894-----
Amounts payable within one year42/48€8.1m€7.2m€7.1m€8.1m€7.4m▼ 9.3%
Current portion of amounts payable after more than one year42€335,102€168,894--€32,032-
Financial debts43---€328,008€328,008=
Credit institutions430/8---€328,008€328,008=
Trade debts44€4.6m€4.4m€4.3m€4.8m€4.3m▼ 10.1%
Suppliers440/4€4.6m€4.4m€4.3m€4.8m€4.3m▼ 10.1%
Advances received on contracts in progress46€437,423€188,151€492,466€358,843€400,817▲ 11.7%
Taxes, remuneration and social security45€1.6m€1.3m€1.2m€1.2m€853,451▼ 26.6%
Taxes450/3€1.0m€785,850€672,513€640,946€387,098▼ 39.6%
Remuneration and social security454/9€552,509€505,833€513,203€521,460€466,353▼ 10.6%
Other amounts payable47/48€1.1m€1.1m€1.1m€1.5m€1.5m▼ 3.0%
Accrued charges and deferred income492/3€630,517€451,428€193,874€37,433€13,928▼ 62.8%
Line20212022202320242025Change
Profit (loss) for the period9904€1.7m€2.1m€3.6m€5.7m€4.7m▼ 16.7%
+ Depreciation and write-downs630€1.1m€1.1m€1.1m€942,657€1.2m▲ 26.5%
Operating cash flow (approximation)€2.9m€3.2m€4.7m€6.6m€5.9m▼ 10.5%
Investment in fixed assets (approximation)-€780,875-€1.1m-€1.4m-€420,629▲ 70.9%
Change in cash-€505,570-€557,991-€202,827-€417,824▼ 106%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
09-09
NBB filing Annual accounts filed
fiscal year 2025 · full schema · 40 days late
04-08
State Gazette act Appointment: Finvision Bedrijfsrevisoren BV (statutory auditor)
Permanent representative: Jurgen Jackers3 facts ▸
  • General meeting, 12-08-2025
  • Auditor appointment, Finvision Bedrijfsrevisoren BV (statutory auditor)
  • Permanent representative, Jurgen Jackers (permanent representative)
2025
13-08
NBB filing Annual accounts filed
fiscal year 2024 · full schema · 13 days late
2024
31-12
Financial Highest result since 2018net €5.7m ▲57.1%
Operating result €5.9m, net result €5.7m, both a record.
22-07
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
05-09
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 36 days late
2022
19-09
NBB filing Annual accounts filed
fiscal year 2021 · full schema · 50 days late
2021
11-10
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 72 days late
2020
05-10
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 66 days late
2019
31-12
Financial Weakest financial yearnet €1.0m ▼21.8%
Net result drops to €1.0m, the lowest in the series; recovery starts the following year.
15-07
NBB filing Annual accounts filed
fiscal year 2018 · full schema
29-03
Bankruptcy Bankruptcy reversal
tribunal de l’entreprise francophone de Bruxelles sauf en tant qu’il reçoit
2018
10-07
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
17-07
NBB filing Annual accounts filed
fiscal year 2016 · full schema
SignalFinancial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 23 acts read
About the unread acts

Of the 23 Belgian State Gazette acts we know for this company, 1 has been read. The other 22 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors

Statutory auditor 1

BV Finvision Bedrijfsrevisoren
Statutory auditor · since 12-08-2025 · perm. rep.: Jurgen Jackers
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Diest · 1 establishment unit since 1979
seat establishment The establishment unit on the map
Ground area
2.8 ha
Building footprint
1.6 ha
Volume, LiDAR
100,493 m³
Parcel 24120B0150/00M000, Flanders · tallest building 12.6 m, ±2 floors. Linked by address, not a title deed.
8 companies at this address See who is registered here
1 establishment unit
Itselaarlaan 5, 3290 Diest
NACE 2121001
since 19792.016.529.733
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
24120B0150/00M000 Flanders 2.8 ha 1 · 1.6 ha 12.6 m · 2 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Mandate history

1 person since 2025, 1 in office
Show
  • Statutory auditor
Mandates per person, with start and end dates
Name Functions and periods
BV Finvision Bedrijfsrevisoren
  • Statutory auditor, from 12-08-2025 to date
See the board, name and seat on a given date →

Structure & network

Owners and holdings

1 owner · 1 holding

Chain of control

  1. ACEFIN 100%
  2. CORFIM 100%
  3. ACE PACKAGING

Highest known parent: ACEFIN. The sources do not say who stands above it.

Owners 1

Holdings 1

According to the 2025 annual accounts of ACE PACKAGING and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Public money · subsidies and aid

Flemish government

2022 to 2025 · 10 entries · 355,172 EUR awarded · 353,398 EUR paid
Year Entries awardedpaid
2025 4 8,019 EUR73,278 EUR
2024 2 4,459 EUR4,459 EUR
2023 3 335,194 EUR269,492 EUR
2022 1 7,500 EUR6,169 EUR
Schemes
3 entries · 331,033 EUR · 331,033 EUR paid · Fonds voor Innoveren en Ondernemen
4 entries · 18,366 EUR · 16,592 EUR paid · Fonds voor Innoveren en Ondernemen
3 entries · 5,773 EUR · 5,773 EUR paid · Departement Werk en Sociale Economie

Recognitions · licences · registrations

Food safety, FASFC

1 site
Diest2.016.529.733
2 permissions
Groothandelaar verpakkingsmateriaal · since 01-01-2014
Fabrikant verpakkingsmateriaal · since 04-04-2008

Legal Entity Identifier

549300YS0M9U0RZ1S682
no longer live in the LEI register

Similar companies · same sector, comparable size

Of 125 companies in sector 17120 we hold annual accounts for 92. 32 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded08-05-1965
Fiscal year end31-12
Activities, NACEBEL 2025
17120Manufacture of paper and paper products
17210Manufacture of paper and paper products
46869Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID 0208:0400942669
Also 9925:BE0400942669
Registered 17-11-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.