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BASTIN - PACK

Active
Public limited companyfounded 199629 yrs activePoortakkerstraat 4, 9850 Deinze, BelgiumKBO/BCE: BE 0458.939.365

BASTIN - PACK has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.67M and a net result of €222k. Equity is growing by ~8.4% per year across the filed fiscal years. Its solvency ranks better than 74% of 186 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).

Checked score

Score 2025
88 / 100
Excellent▼ -12 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability30▼-4
Solvency100▲+1
Growth68▼-2
Stability100
Bankruptcy probability, 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €230k at 30 days acceptable
Liquidity ample (current ratio 5.14 against 2.74 in 2024), and 27.5% of the assets are financed with debt.
Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.
lowers risk+raises riskneutral
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
elevated failure risk from 2 to 8 years 29 years 0 30 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 22
Relative position
BE, all sectors
reference
Sector 22
higher
← fewer bankruptcies more bankruptcies →
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
72.5%
Return on assets
6%
Age of the figures
8 mo
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-05-2026, 71 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
71 d early
2024
26 d early
2023
48 d early
2022
31 d early
2021
72 d early
2020
71 d early
2019
84 d early
← before the deadline after the deadline →
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
13-09-2026 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

Financials · fiscal year 2025, full schema

Turnover
€11.91M▼ 4.1%
2024 · €12.42M
2018: €8.58M 2019: €9.72M 2020: €9.95M 2021: €11.39M 2022: €12.57M 2023: €11.58M 2024: €12.42M
2018 → 2025
EBIT margin
2.0%▼ 0.3pp
2024 · 2.3%
2018: 2.0% 2019: 3.2% 2020: 3.4% 2021: 3.1% 2022: 2.7% 2023: 2.1% 2024: 2.3%
2018 → 2025
Net result
€222k▼ 13.6%
2024 · €257k
2018: €202k 2019: €298k 2020: €328k 2021: €439k 2022: €327k 2023: €250k 2024: €257k
2018 → 2025
Working capital
€1.69M▲ 12.5%
2024 · €1.50M
2018: €690k 2019: €799k 2020: €782k 2021: €896k 2022: €1.07M 2023: €1.18M 2024: €1.50M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20212022202320242025Trend
Turnover€11.39M-€12.57M▲ 10.4%€11.58M▼ 7.9%€12.42M▲ 7.3%€11.91M▼ 4.1%
Equity€1.86M-€2.04M▲ 9.5%€2.19M▲ 7.4%€2.44M▲ 11.8%€2.67M▲ 9.1%
Operating result€358k-€342k▼ 4.6%€243k▼ 28.8%€287k▲ 17.7%€244k▼ 14.8%
Net result€439k-€327k▼ 25.7%€250k▼ 23.5%€257k▲ 3.0%€222k▼ 13.6%
Result per fiscal year
Operating resultNet result
€0€200k€400kOperating result 2021: €358k€358kNet result 2021: €439k€439kOperating result 2022: €342k€342kNet result 2022: €327k€327kOperating result 2023: €243k€243kNet result 2023: €250k€250kOperating result 2024: €287k€287kNet result 2024: €257k€257kOperating result 2025: €244k€244kNet result 2025: €222k€222k20212022202320242025
The operating result falls in 2025; 2025 is 15% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.68M
Fixed assets €1.58M▼ 4.1%
Current assets €2.10M▼ 11.2%
Equity and liabilities €3.68M
Equity €2.67M▲ 9.1%
Debt €1.01M▼ 35.4%
The debt ratio falls from 39.0% to 27.5%: equity grows while debt is paid down.
Key figures and ratios
2025 value · change against 2024
EBITDA
€307k
2024 · €351k
Cash flow
€285k
2024 · €322k
Solvency
72.5%
2024 · 61.0%
Current ratio
5.14
2024 · 2.74
Quick ratio
5.14
2024 · 2.74
Debt / equity
0.38
2024 · 0.64
ROE
8.3%
2024 · 10.5%
ROA
6.0%
2024 · 6.4%
Interest coverage
11.42
2024 · 13.00
Debt
€1.01M
2024 · €1.56M
Debt ≤ 1 year
€408k
2024 · €862k
Debt > 1 year
€575k
2024 · €675k
Income taxes
€60k
2024 · €70k
Staff costs
€422k
2024 · €422k
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 · 2025 against 2024
Balance sheet Code20242025
Assets
Total assets20/58€4.01M€3.68M
Fixed assets21/28€1.64M€1.58M
Tangible fixed assets22/27€148k€91k
Furniture and vehicles24€138k€85k
Other tangible fixed assets26€10k€6k
Financial fixed assets28€1.49M€1.48M
Affiliated companies280/1€1.49M€1.48M
Participating interests280€1.49M€1.48M
Current assets29/58€2.37M€2.10M
Amounts receivable within one year40/41€1.72M€1.47M
Trade receivables40€1.70M€1.46M
Other amounts receivable41€16k€9k
Cash at bank and in hand54/58€622k€609k
Deferred charges and accrued income490/1€29k€22k
Equity and liabilities
Total equity and liabilities10/49€4.01M€3.68M
Equity10/15€2.44M€2.67M
Contributions10/11€966k€966k=
Capital10€966k€966k=
Issued capital100€966k€966k=
Reserves13€1.48M€1.70M
Non-distributable reserves130/1€97k€97k=
Legal reserve130€97k€97k=
Distributable reserves133€1.38M€1.60M
Amounts payable17/49€1.56M€1.01M
Amounts payable after more than one year17€675k€575k
Other amounts payable178/9€675k€575k
Amounts payable within one year42/48€862k€408k
Trade debts44€722k€286k
Suppliers440/4€722k€286k
Taxes, remuneration and social security45€135k€121k
Taxes450/3€81k€72k
Remuneration and social security454/9€54k€48k
Other amounts payable47/48€5k€2k
Accrued charges and deferred income492/3€28k€27k
Income statement Code20242025
Operating income70/76A€12.46M€11.96M
Turnover70€12.42M€11.91M
Other operating income74€38k€43k
Operating charges60/66A€12.18M€11.71M
Goods for resale, raw materials and consumables60€11.31M€10.84M
Purchases600/8€11.31M€10.84M
Services and other goods61€369k€365k
Remuneration, social security and pensions62€422k€422k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€65k€63k
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-6k€14k
Other operating charges640/8€11k€5k
Operating profit (loss)9901€287k€244k
Financial income75/76B€75k€76k
Recurring financial income75€75k€76k
Income from financial fixed assets750€75k€75k=
Other financial income752/9€282€742
Financial charges65/66B€34k€37k
Recurring financial charges65€34k€37k
Debt charges650€27k€27k
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651-€5k
Other financial charges652/9€7k€5k
Profit (loss) for the period before taxes9903€328k€283k
Income taxes67/77€70k€60k
Taxes670/3€70k€60k
Profit (loss) for the period9904€257k€222k
Profit (loss) for the period to be appropriated9905€257k€222k
Appropriation of the result
Profit (loss) to be appropriated9906€257k€222k
Transfer to equity691/2€257k€222k
To other reserves6921€257k€222k
Social balance
Average headcount (FTE)90873.73.0

The notes to these accounts (32 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
21-05
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
05-07
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
13-06
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
30-06
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial Equity above €2MEq €2.04M ▲9.5%
5 profitable years in a row build equity to €2.04M.
20-05
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial Highest result since 2018net €439k ▲34.1%
Operating result €358k, net result €439k, both a record.
21-05
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
08-05
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
23-07
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
26-07
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
05-07
NBB filing Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
3 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, Deinze · 2 establishment units since 1996
establishment All 2 establishment units on the map
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.

Poortakkerstraat 49850 Deinze
Ground area
1.5 ha
Building footprint
6,698 m²
Volume, LiDAR
37,501 m³
2 parcels, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
BASTIN-PACK
Poortakkerstraat 4, 9850 DeinzeNACE 2121001
since 19962.078.659.124
BASTIN-PACK
Neerhonderd 37, 9230 WetterenManufacture of paper and paper products
since 20142.237.610.153
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
42025G0792/00K000 Flanders 1.3 ha 1 · 6,319 m² 10.3 m · 2 fl.
44070B0489/00C000 Flanders 1,776 m² 1 · 378 m² 8.7 m · 2 fl.
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Public money · subsidies and aid

Flemish government

2023 to 2025 · 6 entries · 40,418 EUR awarded · 37,028 EUR paid
Year Entries awardedpaid
2025 3 25,165 EUR21,775 EUR
2024 1 8,334 EUR8,334 EUR
2023 2 6,919 EUR6,919 EUR
Schemes
Subsidies voor internationaal ondernemen
3 entries · 22,871 EUR · 19,931 EUR paid · Vlaams Agentschap voor Internationaal Ondernemen
Individueel Maatwerk
1 entry · 15,073 EUR · 15,073 EUR paid · Departement Werk, Economie, Wetenschap, Innovatie en Sociale Economie
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
2 entries · 2,474 EUR · 2,024 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Of 778 companies in sector 22220 we hold annual accounts for 596. 312 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification
Legal formPublic limited company
Founded11-10-1996
Fiscal year end31-12
Activities, NACEBEL
22220Manufacture of rubber and plastic products
46649Wholesale of other machinery and equipment
46900Non-specialised wholesale trade
51900
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers

Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.