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CNR Packaging

Active
Private limited companyfounded 20242 yrs activeKelderveld 8, 2500 Lier, BelgiumKBO/BCE: BE 1005.451.916
Summary

The computed 12-month bankruptcy probability of CNR Packaging is 1.7% (moderate). The 2024 annual accounts show equity of €117,886 and a net result of €115,886. Its solvency ranks better than 26% of 15862 sector peers (fiscal year 2024). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes
Profitability79
Solvency33
Growth-
Track record67
Bankruptcy probability, 12 months
1.7% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity tight (current ratio 1.15; short-term debt: 68.4% and cash: 0.2% of total assets), and 91.7% of the assets are financed with debt.
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Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← 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 10-04-2025, 112 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2024
112 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 112 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (1)
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 31 January 2024, CNR Packaging was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Source amounts without an identifiable currency are assumed to be EUR.

Equity
€117,886
Total assets
€1.4m
Net result
€115,886
Working capital
€145,819

Turnover and EBIT margin not published: the micro schema does not require them.

Staff figure corrected
  • 2024 Left out: filed figure impossible (362). The filed figure means under EUR 100 of staff costs per FTE.
Balance-sheet composition
Assets €1.4m
Fixed assets €301,879
Current assets €1.1m
Equity and liabilities €1.4m
Equity €117,886
Debt €1.3m
Debt finances 91.7% of the balance-sheet total.
Key figures and ratios
2024 value
EBITDA
€170,161
Cash flow
€119,821
Current ratio
1.15
Quick ratio
0.65
Debt to equity
11.02
ROE
98.3%
ROA
8.2%
Interest coverage
9.79
Debt ≤ 1 year
€969,658
Debt > 1 year
€329,812
Income taxes
€33,298
Staff costs
€13,164

Peer companies

Historical observation

Of the 513 companies that looked in July 2024 the way this one looks now, 2.3% went bankrupt within 24 months and 96% are still going.

  • Small
  • 2 to 5 years old
  • solvency under 10%
  • a profit of 5% of the balance sheet or more
2.3% went bankrupt
1.4% stopped otherwise
96% still going

For this company itself Checked computes a bankruptcy probability of 1.7% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

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 513 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 · 2024 · 43 lines
Balance sheet Code2024
Assets
Total assets20/58€1.4m
Fixed assets21/28€301,879
Tangible fixed assets22/27€301,879
Land and buildings22€5,264
Plant, machinery and equipment23€25,818
Furniture and vehicles24€270,798
Current assets29/58€1.1m
Stocks and contracts in progress3€489,237
Stocks30/36€489,237
Amounts receivable within one year40/41€619,522
Trade receivables40€606,701
Other amounts receivable41€12,821
Cash at bank and in hand54/58€3,168
Deferred charges and accrued income490/1€3,550
Equity and liabilities
Total equity and liabilities10/49€1.4m
Equity10/15€117,886
Contributions10/11€2,000
Profit (loss) carried forward14€115,886
Amounts payable17/49€1.3m
Amounts payable after more than one year17€329,812
Financial debts170/4€329,812
Amounts payable within one year42/48€969,658
Financial debts43€6,982
Credit institutions430/8€6,982
Trade debts44€872,665
Suppliers440/4€872,665
Taxes, remuneration and social security45€90,011
Taxes450/3€85,806
Remuneration and social security454/9€4,205
Income statement Code2024
Remuneration, social security and pensions62€13,164
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,936
Other operating charges640/8€1,836
Gross operating margin9900€185,161
Operating profit (loss)9901€166,225
Financial income75/76B€347
Recurring financial income75€347
Financial charges65/66B€17,389
Recurring financial charges65€17,389
Profit (loss) for the period before taxes9903€149,184
Income taxes67/77€33,298
Profit (loss) for the period9904€115,886
Profit (loss) for the period to be appropriated9905€115,886
Appropriation of the result
Profit (loss) to be appropriated9906€115,886

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Remuneration, social security and pensions62€13,164
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,936
Other operating charges640/8€1,836
Gross operating margin9900€185,161
Operating profit (loss)9901€166,225
Financial income75/76B€347
Recurring financial income75€347
Financial charges65/66B€17,389
Recurring financial charges65€17,389
Profit (loss) for the period before taxes9903€149,184
Income taxes67/77€33,298
Profit (loss) for the period9904€115,886
Profit (loss) for the period to be appropriated9905€115,886
Line2024
Assets
Total assets20/58€1.4m
Fixed assets21/28€301,879
Tangible fixed assets22/27€301,879
Land and buildings22€5,264
Plant, machinery and equipment23€25,818
Furniture and vehicles24€270,798
Current assets29/58€1.1m
Stocks and contracts in progress3€489,237
Stocks30/36€489,237
Amounts receivable within one year40/41€619,522
Trade receivables40€606,701
Other amounts receivable41€12,821
Cash at bank and in hand54/58€3,168
Deferred charges and accrued income490/1€3,550
Equity and liabilities
Total equity and liabilities10/49€1.4m
Equity10/15€117,886
Contributions10/11€2,000
Profit (loss) carried forward14€115,886
Amounts payable17/49€1.3m
Amounts payable after more than one year17€329,812
Financial debts170/4€329,812
Amounts payable within one year42/48€969,658
Financial debts43€6,982
Credit institutions430/8€6,982
Trade debts44€872,665
Suppliers440/4€872,665
Taxes, remuneration and social security45€90,011
Taxes450/3€85,806
Remuneration and social security454/9€4,205
Line2024
Profit (loss) for the period9904€115,886
+ Depreciation and write-downs630€3,936
Operating cash flow (approximation)€119,821

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

2025
10-04
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
0 of 2 acts read
About the unread acts

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Lier · 1 establishment unit since 2025
seat establishment The establishment unit on the map
Ground area
1.5 ha
Building footprint
1.3 ha
Volume, LiDAR
2 m³
Parcel 12392A0990/00A000, Flanders · tallest building 0.5 m. Linked by address, not a title deed.
12 companies at this address See who is registered here
1 establishment unit
CNR Packaging
Kelderveld 8, 2500 LierManufacture of paper and paper products
since 20252.368.981.114
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
12392A0990/00A000 Flanders 1.5 ha 1 · 1.3 ha 0.5 m
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.

Similar companies · same sector, comparable size

Of 432 companies in this sector we hold annual accounts for 244. 138 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company details

Identification
Legal formPrivate limited company
Founded31-01-2024
Fiscal year end31-12
Activities, NACEBEL 2025
17250Manufacture of paper and paper products
46869Wholesale trade
68204Real estate activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:1005451916
Also 9925:BE1005451916
Registered 08-09-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

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