AXIPACK
ActiveAXIPACK has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-22k) and a net result of €28k. Equity is shrinking by ~6.4% per year across the filed fiscal years. Its solvency ranks better than 10% of 59 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
48
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.27 against 0.07 in 2023; short-term debt: 287.4% and cash: 4.5% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-187.4%
Return on assets
237.2%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 59 sector peers (2024).
NBB · sector comparisonPosition among 59 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-10-2025, 70 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 filingsDeviation from the deadline
2025
not confirmed
2024
70 d late
2023
20 d late
2022
22 d late
2021
7 d early
2020
20 d late
2019
22 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€-22k▲ 55.9%
2023 · €-50k
2018: €-11k
2019: €-37k
2020: €-50k
2021: €-66k
2022: €-62k
2023: €-50k
2018 → 2024
Total assets
€12k▲ 95.8%
2023 · €6k
2018: €296k
2019: €29k
2020: €32k
2021: €16k
2022: €10k
2023: €6k
2018 → 2024
Net result
€28k▲ 152%
2023 · €11k
2018: €25k
2019: €-26k
2020: €-13k
2021: €-15k
2022: €4k
2023: €11k
2018 → 2024
Working capital
€-25k▲ 52.3%
2023 · €-52k
2018: €-89k
2019: €-35k
2020: €-51k
2021: €-60k
2022: €-65k
2023: €-52k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-50k-€-66k▼ 30.3%€-62k▲ 6.2%€-50k▲ 18.1%€-22k▲ 55.9%
Operating result€-12k-€-14k▼ 11.7%€4k€12k▲ 166%€31k▲ 165%
Net result€-13k-€-15k▼ 18.2%€4k€11k▲ 176%€28k▲ 152%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 165% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €12k
Fixed assets
€3k▲ 21.8%
Current assets
€9k▲ 136%
Key figures and ratios
EBITDA
€33k▲
2023 · €13k
Cash flow
€30k▲
2023 · €13k
Solvency
-187.4%▲
2023 · -831.4%
Current ratio
0.27▲
2023 · 0.07
Quick ratio
0.27▲
2023 · 0.07
Debt / equity
-1.53▼
2023 · -1.12
ROA
237.2%▲
2023 · 184.3%
Interest coverage
249.39▲
2023 · 32.77
Debt
€34k▼
2023 · €56k
Debt ≤ 1 year
€34k▼
2023 · €56k
Income taxes
€2k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€6k€12k▲
Fixed assets21/28€2k€3k▲
Tangible fixed assets22/27€2k€2k▲
Plant, machinery and equipment23€462€187▼
Furniture and vehicles24€1k€2k▲
Financial fixed assets28€222€275▲
Current assets29/58€4k€9k▲
Amounts receivable within one year40/41€3k€8k▲
Trade receivables40€3k€8k▲
Other amounts receivable41€204€0▼
Cash at bank and in hand54/58€301€531▲
Deferred charges and accrued income490/1€501€524▲
Equity and liabilities
Total equity and liabilities10/49€6k€12k▲
Equity10/15€-50k€-22k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-71k€-43k▲
Amounts payable17/49€56k€34k▼
Amounts payable within one year42/48€56k€34k▼
Trade debts44€14k€11k▼
Suppliers440/4€14k€11k▼
Advances received on contracts in progress46-€1k
Taxes, remuneration and social security45-€6k
Taxes450/3-€6k
Other amounts payable47/48€42k€16k▼
Accrued charges and deferred income492/3€452€0▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲
Other operating charges640/8€816€528▼
Gross operating margin9900€14k€33k▲
Operating profit (loss)9901€12k€31k▲
Financial income75/76B-€5
Recurring financial income75-€5
Financial charges65/66B€402€130▼
Recurring financial charges65€402€130▼
Profit (loss) for the period before taxes9903€11k€31k▲
Income taxes67/77-€2k
Profit (loss) for the period9904€11k€28k▲
Profit (loss) for the period to be appropriated9905€11k€28k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-71k€-43k▲
Profit (loss) brought forward from the previous period14P€-82k€-71k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
09-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 70 days late
2024
31-12
Financial
Highest result since 2018net €28k ▲152%
Net result €28k, the highest in the series.
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 20 days late
2023
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
31-12
Financial
Back to profitnet €4k
Net result €4k after 3 loss-making years.
24-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
2020
22-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 22 days late
2019
31-12
Financial
Weakest financial yearnet €-26k ▼207%
Net result drops to €-26k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
04-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 4 days late
2017
08-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 8 days late
2016
12-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Gent · 1 establishment unit since 1994
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.
Joachim Schayckstraat 49052 GentGround area
504 m²
Building footprint
307 m²
Volume, LiDAR
2,317 m³
Parcel 44082B0231/00K000, Flanders · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
AXIPACK
since 19942.064.952.430
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44082B0231/00K000 | Flanders | 504 m² | 1 · 307 m² | 10.9 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Similar companies · same sector and region
AGRI PACKAGING
BE 0432.782.821
Zottegem
B & T TEXTILIA
BE 0449.020.225
Lievegem
B-enterprise (d)
BE 0810.358.784
Gent
BASTIN & CO
BE 0439.371.693
Wetteren
Bekaert Depla
BE 0405.406.253
Wortegem-Petegem
We hold no filed accounts for this company, so a size comparison is not possible. These companies share only the sector and the region. Of 189 companies in sector 17210 we hold annual accounts for 154.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded09-11-1993
Fiscal year end31-12
Activities, NACEBEL
17210Manufacture of paper and paper products
95313Repair and fitting of specific motor vehicle parts
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.