Advertipack
ActiveSummary
The computed 12-month bankruptcy probability of Advertipack is 1.8% (moderate). The 2024 annual accounts show equity of €118k and a net result of €43k. Equity is growing by ~30.2% per year across the filed fiscal years. Its solvency ranks better than 63% of 59 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
70
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability96▲+23
Solvency84▲+9
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 2.37 against 1.92 in 2023; short-term debt: 38.1% and cash: 14.7% of total assets), and 41.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
Sector 17
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-06-2025, 45 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
45 d early
2023
23 d early
2022
18 d early
2021
48 d early
2020
40 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€118k▲ 57.5%
2023 · €75k
2020: €28k
2021: €54k
2022: €70k
2023: €75k
2020 → 2024
Total assets
€201k▲ 34.8%
2023 · €149k
2020: €74k
2021: €123k
2022: €157k
2023: €149k
2020 → 2024
Net result
€43k▲ 746%
2023 · €5k
2020: €10k
2021: €27k
2022: €16k
2023: €5k
2020 → 2024
Working capital
€105k▲ 81.6%
2023 · €58k
2020: €28k
2021: €54k
2022: €48k
2023: €58k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€28k-€54k▲ 92.3%€70k▲ 29.3%€75k▲ 7.3%€118k▲ 57.5%
Operating result€13k-€36k▲ 169%€22k▼ 39.5%€8k▼ 64.5%€58k▲ 664%
Net result€10k-€27k▲ 185%€16k▼ 42.5%€5k▼ 67.8%€43k▲ 746%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 664% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €201k
Fixed assets
€19k ▼ 32.5%
Current assets
€181k ▲ 50.6%
Equity and liabilities €201k
Equity
€118k ▲ 57.5%
Debt
€83k ▲ 11.8%
Debt's share of the balance-sheet total falls from 49.8% to 41.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€68k▲
2023 · €17k
Cash flow
€52k▲
2023 · €14k
Current ratio
2.37▲
2023 · 1.92
Debt to equity
0.70▼
2023 · 0.99
ROE
36.5%▲
2023 · 6.8%
ROA
21.4%▲
2023 · 3.4%
Interest coverage
190.20▲
2023 · 30.44
Debt ≤ 1 year
€76k▲
2023 · €63k
Debt > 1 year
€6k▼
2023 · €11k
Income taxes
€16k▲
2023 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 47 lines
Balance sheet
Code20232024
Assets
Total assets20/58€149k€201k▲
Fixed assets21/28€28k€19k▼
Tangible fixed assets22/27€28k€19k▼
Plant, machinery and equipment23€306€215▼
Furniture and vehicles24€28k€19k▼
Current assets29/58€120k€181k▲
Stocks and contracts in progress3€0-
Stocks30/36€0-
Amounts receivable within one year40/41€65k€147k▲
Trade receivables40€65k€147k▲
Other amounts receivable41€0-
Cash at bank and in hand54/58€55k€30k▼
Deferred charges and accrued income490/1€311€5k▲
Equity and liabilities
Total equity and liabilities10/49€149k€201k▲
Equity10/15€75k€118k▲
Contributions10/11€20k€20k=
Reserves13€37k€80k▲
Distributable reserves133€37k€80k▲
Profit (loss) carried forward14€17k€17k=
Amounts payable17/49€74k€83k▲
Amounts payable after more than one year17€11k€6k▼
Financial debts170/4€11k€6k▼
Amounts payable within one year42/48€63k€76k▲
Current portion of amounts payable after more than one year42€5k€5k▲
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€38k€52k▲
Suppliers440/4€38k€52k▲
Taxes, remuneration and social security45€3k€12k▲
Taxes450/3€3k€12k▲
Other amounts payable47/48€17k€7k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€9k=
Other operating charges640/8€3k€1k▼
Gross operating margin9900€19k€69k▲
Operating profit (loss)9901€8k€58k▲
Financial income75/76B€42€1k▲
Recurring financial income75€42€1k▲
Financial charges65/66B€554€356▼
Recurring financial charges65€554€356▼
Profit (loss) for the period before taxes9903€7k€59k▲
Income taxes67/77€2k€16k▲
Profit (loss) for the period9904€5k€43k▲
Profit (loss) for the period to be appropriated9905€5k€43k▲
Appropriation of the result
Profit (loss) to be appropriated9906€23k€60k▲
Profit (loss) brought forward from the previous period14P€17k€17k=
Transfer to equity691/2€5k€43k▲
To other reserves6921€5k€43k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2020net €43k ▲746%
Operating result €58k, net result €43k, both a record.
31-12
Financial
Equity above €100kEq €118k ▲57.5%
5 profitable years in a row build equity to €118k.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €5k ▼67.8%
Net result drops to €5k, the lowest in the series; recovery starts the following year.
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Mechelen · 1 establishment unit since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Maanstraat 132800 MechelenGround area
4,316 m²
Building footprint
2,519 m²
Volume, LiDAR
18,858 m³
Parcel 12402C0238/00K009, Flanders · tallest building 8.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Biogreenpackaging
since 20202.303.091.685
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12402C0238/00K009 | Flanders | 4,316 m² | 2 · 2,519 m² | 8.8 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
DE WITTE OOIEVAAR
BE 0429.601.122
Grimbergen · Eq €117k
B.A.S.H.
BE 0832.200.117
Pelt · Eq €120k
Atelier V.O.
BE 0832.435.192
Oudergem · Eq €122k
PNA Solutions
BE 0808.057.015
Oosterzele · Eq €125k
B-enterprise (d)
BE 0810.358.784
Gent · Eq €110k
Of 189 companies in sector 17210 we hold annual accounts for 154. 60 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-05-2020
Fiscal year end31-12
Trade name NL
broodzakkenmetreclame.be
Activities, NACEBEL 2025
17210Manufacture of paper and paper products
17120Manufacture of paper and paper products
46423Wholesale of clothing, excluding workwear and underwear
46492Wholesale trade
46851Wholesale of industrial chemicals
58190Other publishing activities, excluding software publishing
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.