Equity
-€804,445
Debts exceed assets in financial year 2025.
Chemcopack
Lifetime
18 annual accounts with figures on one time axis, 38 filings since 1987peak €9.4m (2008)
-not published
lowest -€1.1m (2025)
-€1.1m▼ €786,096
peak €3.8m (2020)
-€804,445▼ €1.1m
€7.0m▲ 28.1%
peak 43.5 FTE (2018)
15.2 FTE▼ 21.6%
Board12 names since 2019
6 directorsJ-CON and 5 others
Owners5 names in the annual accounts
100%Katoen Natie International S.A. and 1 other
Documentsfilings and deeds
13-07-202618 days before the deadline
2025financial year
Gross margin from €1.5m to €940,064Loss of €1.1mStaff from 19.4 FTE to 15.2 FTE6 directors reappointed 22-08Equity from €280,929 to -€804,445Debts from €5.5m to €7.0m
Key points
from the 2025 annual accountsLosses
-€2.5m in five years
Every financial year from 2021 to 2025 closed with a loss. 2025 was the heaviest.
Debts
€7.0m 110% of the balance sheet
Financial debts 85%Suppliers 12%Taxes and wages 2%
Of this, €998,318 falls due within a year.
Staff
15.2 FTE from 43.5 in 2018
Between 2018 and 2025, 65% of the full-time equivalents disappeared.
Liquidity
1.29 was 0.37 in 2024
Short-term debts fell from €2.5m to €998,318.
Position in the sector
-€804,445
Less equity than 95% of companies in warehousing and transport support. Sector median €1.6m · 856 companies.
Net result -263%: other schema
Checked score
34
Weak
Financially stronger than 15% of small companies in warehousing and transport support (NACE 52)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
6.2% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 596 companies (NACE 52, small).
About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.3%
01-2025: 3.3%● unchanged vs 12-2024
02-2025: 3.3%● unchanged vs 01-2025
03-2025: 3.3%● unchanged vs 02-2025
04-2025: 3.3%● unchanged vs 03-2025
05-2025: 3.3%● unchanged vs 04-2025
06-2025: 3.4%▲ +0.1 percentage points vs 05-2025
07-2025: 3.7%▲ +0.3 percentage points vs 06-2025
08-2025: 2.1%▼ -1.6 percentage points vs 07-2025lowest value
09-2025: 2.1%● unchanged vs 08-2025lowest value
10-2025: 2.1%● unchanged vs 09-2025lowest value
11-2025: 2.1%● unchanged vs 10-2025lowest value
12-2025: 2.1%● unchanged vs 11-2025lowest value
01-2026: 2.1%● unchanged vs 12-2025lowest value
02-2026: 2.1%● unchanged vs 01-2026
03-2026: 2.1%● unchanged vs 02-2026
04-2026: 2.1%● unchanged vs 03-2026
05-2026: 2.1%● unchanged vs 04-2026
06-2026: 2.2%▲ +0.1 percentage points vs 05-2026
07-2026: 2.2%● unchanged vs 06-2026
08-2026: 6.2%▲ +4.0 percentage points vs 07-2026highest value
09-2026: 6.2%● unchanged vs 08-2026highest value
10-2026: 6.2%● unchanged vs 09-2026highest value
11-2026: 6.2%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Negative equity -€804,445
Loss of €1.1m, the second in a row (financial year 2025)
Liquidity: current ratio 1.29, cash €989
Sector: Warehousing and support activities for transportation (NACE 52)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 52, small). It does better than 5% of them on solvency, 50% on liquidity, 5% on profitability and 2% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 678 companies had the same profile as Chemcopack has now. Each dot stands for 2 companies, two years later.
84.5%
were still trading
6.2%
stopped another way
6.8%
went bankrupt
Another 2.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Chemcopack itself: 6.2% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 678 companies, not a prediction for Chemcopack. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is tight, with a current ratio of 1.29 (0.37 in 2024), below the usual 1.5. Short-term debt is 15.6% and cash 0% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
raises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€804,445
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 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 days early
2024
30 days early
2023
1 day early
2022
22 days late
2021
1 day late
2020
1 day early
2019
10 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 2 days before the deadline. In the sector (NACE 52), the median for financial year 2024 was 8 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
FC
Fill Con
Director, Filip Kockx
JC
J-CON
Director, Peter Joosen, since 20-06-2025
LM
LC Management & Consulting
Director, Joris Jacobs
SM
SIAM Management & Consulting
Director, Laurens Herrebosch
SL
STG Logistics
Director, Gerd Meeus
- Katoen Natie International S.A. 100%annual accounts 2025
- Katoen Natie Group S.A. consolidatesannual accounts 2025
Recent changes
1 statutory auditor reappointed
Permanent representatives: Ronald Van den Ecker, Peter Joosen and Filip Kockx · Ernst & Young Bedrijfsrevisoren (statutory auditor) · General meeting of 19-06-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0432319201
6 directors reappointed
Permanent representatives: Peter Joosen, Tom Paulissen, Laurens Herrebosch, Filip Kockx, Gerd Meeus and Joris Jacobs · J-CON, TP, SIAM Management & Corisulting, Fill Con, STG Logistics and LC Management & Consulting · General meeting of 20-06-2025 · Gazette deed
Environmental permit granted
Nieuwbouw of aanleggen · Antwerpen
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Chemcopack Beveren-Kruibeke-Zwijndrecht | €6.4m | €0.9m | -12.5% | 15.2 |
| ALPI BELGIUM Machelen (Brab.) | €5.8m | €1.1m | 87.1% | 17.3 |
| DIMEX Puurs-Sint-Amands | €3.9m | €1.0m | 74.4% | 17 |
| I.F.A. - INTERNATIONAL FREIGHT AGENCY Machelen (Brab.) | €3.8m | €0.9m | 56.6% | 13.4 |
| FAST CUSTOMS Antwerp | €6.3m | €1.5m | 6.5% | 18.4 |
| LESCHACO Antwerp | €4.0m | €1.5m | 32.1% | 18.6 |
| INTERFREIGHT ANTWERP Antwerp | €4.1m | €1.6m | 59.1% | 17.9 |
These companies have the same main activity as Chemcopack: logistics services (NACE 52250). They are comparable in size and age: total assets between €3.8m and €6.3m, founded between 1982 and 1995.
Official details
Source: KBO- Status
- Active since 20-10-1987Normal situation
- Registered office
- 31 active companies are registered at this addressSource: KBO register, as of 9 November 2026.
- Activity
- Logistics servicesNACE 52250and 5 others
- Joint committees
- 207White-collar workers in the chemical industry
- 116Chemical industry · annual accounts 2025
- Establishment unit
- 2.151.595.7019130 Beveren-Kruibeke-Zwijndrecht, since 30-12-1999
- Financial year end
- 31 December
- Peppol
- Reachable since 26-12-2025
Annual accounts 2025
- ≈ €2.2mestimated
- €6.4m▲ 6.6%
- Employeeson 31-12-2025
- 17=
- Filing
- Filed on 13-07-2026, 18 days before the end of the filing period
Insights on Chemcopack
Solvency fell in 2025 from 4.7% to -12.5% because of the loss and higher long-term debts.
Katoen Natie International S.A. holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Chemcopack
- What is the company number of Chemcopack?
- The company number of Chemcopack is 0432.319.201. The VAT number is the same number with BE in front: BE 0432.319.201.
- Where is Chemcopack based?
- The registered office is at Haandorpweg 1, 9130 Beveren-Kruibeke-Zwijndrecht.Company details
- What does Chemcopack do?
- According to the KBO register, the main activity is logistics services (NACE 52250).
- What is the legal form of Chemcopack?
- Chemcopack is a public limited company (NV).
- When was Chemcopack founded?
- Chemcopack was founded on 20-10-1987.
- Is Chemcopack still active?
- Yes, Chemcopack is an active enterprise in the KBO register.
- How many employees does Chemcopack have?
- Chemcopack had an average of 15.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Chemcopack fall under?
- In its 2025 annual accounts, Chemcopack states joint committees 207 (White-collar workers in the chemical industry) and 116 (Chemical industry).
- What is the turnover of Chemcopack?
- The turnover in financial year 2025 is ≈ €2.2m. This figure is estimated from the gross margin of €940,064 and 2,275 comparable companies of the same size. It probably lies between €1.3m and €3.8m. It is a rough estimate. In financial year 2021 turnover was €5.8m.
- Is Chemcopack profitable?
- In financial year 2025, Chemcopack made a loss of €1.1m.
- Where can I find the annual accounts of Chemcopack?
- Chemcopack filed 38 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Chemcopack due?
- Chemcopack must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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