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CONTIPACK

Active
Public limited companyfounded 196264 yrs activeAvenue du Cor de Chasse 1, 1410 Waterloo, BelgiumKBO/BCE: BE 0405.699.332
Summary

CONTIPACK has been active since 1962 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €121,717 and a net result of €643. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 86% of 5998 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).

Checked score

Score 2024
Axes · tick = 2023
Profitability39▼-2
Solvency100=
Growth35=
Track record100
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 4.52 against 7.19 in 2023; short-term debt: 22.1% and cash: 3.8% of total assets), and 22.2% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
highest failure risk from 2 to 8 years 64 years 0 70 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
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 →
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 25-06-2025, 36 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
36 d early
2023
43 d early
2022
44 d late
2021
5 d early
2020
5 d early
2019
73 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 5 days after 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

CONTIPACK was incorporated on 5 September 1962.1 Revenue fell from EUR 134,761 in 2018 to EUR 10,087 in 2020.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2020

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Financials · fiscal year 2024, full schema

Turnover
€10,087▼ 89.7%
2019 · €97,985
EBIT margin
-15.7%▼ 26.1pp
2019 · 10.4%
Net result
€643▼ 62.7%
2023 · €1,726
Working capital
€121,827▲ 0.5%
2023 · €121,198
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Turnover€10,087▼ 89.7%
Operating result-€1,584€551€3,454▲ 527%€2,900▼ 16.0%€1,379▼ 52.4%
Net result-€1,820below the sector's middle half€370below the sector's middle half€2,702below the sector's middle half▲ 630%€1,726below the sector's middle half▼ 36.1%€643below the sector's middle half▼ 62.7%
EBIT margin-15.7%▼ 26.1pp
Equity€116,276below the sector's middle half▼ 1.5%€116,646below the sector's middle half▲ 0.3%€119,348below the sector's middle half▲ 2.3%€121,074below the sector's middle half▲ 1.4%€121,717below the sector's middle half▲ 0.5%
Total assets€129,175below the sector's middle half▲ 1.8%€139,503below the sector's middle half▲ 8.0%€130,491below the sector's middle half▼ 6.5%€140,763below the sector's middle half▲ 7.9%€156,450below the sector's middle half▲ 11.1%
Debt€12,899▲ 46.0%€22,857▲ 77.2%€11,143▼ 51.2%€19,689▲ 76.7%€34,733▲ 76.4%
Working capital€116,288▼ 1.6%€116,702▲ 0.4%€119,415▲ 2.3%€121,198▲ 1.5%€121,827▲ 0.5%
Solvency90.0%above the sector's middle half▼ 3.0pp83.6%above the sector's middle half▼ 6.4pp91.5%above the sector's middle half▲ 7.8pp86.0%above the sector's middle half▼ 5.4pp77.8%above the sector's middle half▼ 8.2pp
Staff (FTE)
above within below the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€2,000€0€2,000€4,000Operating result 2020: -€1,584-€1,584Net result 2020: -€1,820-€1,820Operating result 2021: €551€551Net result 2021: €370€370Operating result 2022: €3,454€3,454Net result 2022: €2,702€2,702Operating result 2023: €2,900€2,900Net result 2023: €1,726€1,726Operating result 2024: €1,379€1,379Net result 2024: €643€64320202021202220232024€0€1,000€2,000€3,000Operating result 2022: €3,454€3,450Net result 2022: €2,702€2,700Operating result 2023: €2,900€2,900Net result 2023: €1,726€1,730Operating result 2024: €1,379€1,380Net result 2024: €643€643202220232024
The operating result has fallen two years in a row; 2024 is 52% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €156,450
Equity €121,717 ▲ 0.5%
Debt €34,733 ▲ 76.4%
Debt's share of the balance-sheet total rises from 14.0% to 22.2%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
Current ratio
4.52▼
2023 · 7.19
Debt to equity
0.29▲
2023 · 0.16
ROE
0.5%▼
2023 · 1.4%
ROA
0.4%▼
2023 · 1.2%
Debt ≤ 1 year
€34,623▲
2023 · €19,565
Income taxes
€242▼
2023 · €633
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 16,986 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.5% went bankrupt
4.9% stopped otherwise
94% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

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 16,986 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 against 2023 · 40 lines
Balance sheet Code20232024
Assets
Total assets20/58€140,763€156,450▲
Current assets29/58€140,763€156,450▲
Amounts receivable within one year40/41€130,536€150,548▲
Trade receivables40€24,848€40,130▲
Other amounts receivable41€105,688€110,418▲
Cash at bank and in hand54/58€10,227€5,902▼
Equity and liabilities
Total equity and liabilities10/49€140,763€156,450▲
Equity10/15€121,074€121,717▲
Contributions10/11€61,974€61,974=
Capital10€61,974€61,974=
Issued capital100€61,974€61,974=
Reserves13€59,100€59,743▲
Non-distributable reserves130/1€6,197€6,197=
Legal reserve130€6,197€6,197=
Distributable reserves133€52,903€53,546▲
Amounts payable17/49€19,689€34,733▲
Amounts payable within one year42/48€19,565€34,623▲
Trade debts44€1,397€33,752▲
Suppliers440/4€1,397€33,752▲
Taxes, remuneration and social security45€629€871▲
Taxes450/3€629€871▲
Other amounts payable47/48€17,539-
Accrued charges and deferred income492/3€124€110▼
Income statement Code20232024
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€3,883€7,699▲
Other operating charges640/8€385€488▲
Non-recurring operating charges66A-€3,176
Gross operating margin9900€7,168€12,742▲
Operating profit (loss)9901€2,900€1,379▼
Financial income75/76B€106-
Recurring financial income75€106-
Non-recurring financial income76B€106-
Financial charges65/66B€647€494▼
Recurring financial charges65€647€494▼
Profit (loss) for the period before taxes9903€2,359€885▼
Income taxes67/77€633€242▼
Profit (loss) for the period9904€1,726€643▼
Profit (loss) for the period to be appropriated9905€1,726€643▼
Appropriation of the result
Profit (loss) to be appropriated9906€1,726€643▼
Transfer to equity691/2€1,726€643▼
To other reserves6921€1,726€643▼

The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Turnover70€10,087-----
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4---€3,883€7,699▲ 98.3%
Other operating charges640/8-€448€348€385€488▲ 26.8%
Non-recurring operating charges66A-€156€432-€3,176-
Gross operating margin9900-€1,036€1,155€4,234€7,168€12,742▲ 77.8%
Operating profit (loss)9901-€1,584€551€3,454€2,900€1,379▼ 52.4%
Financial income75/76B-€1€1€106--
Recurring financial income75-€1€1€106--
Non-recurring financial income76B---€106--
Financial charges65/66B-€182€194€647€494▼ 23.6%
Recurring financial charges65€236€182€194€647€494▼ 23.6%
Profit (loss) for the period before taxes9903-€1,820€370€3,261€2,359€885▼ 62.5%
Income taxes67/77--€559€633€242▼ 61.8%
Profit (loss) for the period9904-€1,820€370€2,702€1,726€643▼ 62.7%
Profit (loss) for the period to be appropriated9905-€1,820€370€2,702€1,726€643▼ 62.7%
Line20202021202220232024Change
Assets
Total assets20/58€129,175€139,503€130,491€140,763€156,450▲ 11.1%
Current assets29/58€129,175€139,503€130,491€140,763€156,450▲ 11.1%
Amounts receivable within one year40/41€128,241€135,507€130,455€130,536€150,548▲ 15.3%
Trade receivables40-€34,948€26,404€24,848€40,130▲ 61.5%
Other amounts receivable41-€100,559€104,051€105,688€110,418▲ 4.5%
Cash at bank and in hand54/58€934€3,996€36€10,227€5,902▼ 42.3%
Equity and liabilities
Total equity and liabilities10/49€129,175€139,503€130,491€140,763€156,450▲ 11.1%
Equity10/15€116,276€116,646€119,348€121,074€121,717▲ 0.5%
Contributions10/11€61,974€61,974€61,974€61,974€61,974=
Capital10-€61,974€61,974€61,974€61,974=
Issued capital100-€61,974€61,974€61,974€61,974=
Reserves13€56,122€56,122€57,374€59,100€59,743▲ 1.1%
Non-distributable reserves130/1-€6,197€6,197€6,197€6,197=
Legal reserve130-€6,197€6,197€6,197€6,197=
Distributable reserves133-€49,925€51,177€52,903€53,546▲ 1.2%
Profit (loss) carried forward14-€1,820-€1,450----
Amounts payable17/49€12,899€22,857€11,143€19,689€34,733▲ 76.4%
Amounts payable within one year42/48€12,887€22,801€11,076€19,565€34,623▲ 77.0%
Trade debts44€2,071€715€560€1,397€33,752▲ 2,316%
Suppliers440/4-€715€560€1,397€33,752▲ 2,316%
Taxes, remuneration and social security45-€22,086€10,516€629€871▲ 38.5%
Taxes450/3-€22,086€10,516€629€871▲ 38.5%
Other amounts payable47/48---€17,539--
Accrued charges and deferred income492/3-€56€67€124€110▼ 11.3%
Line20202021202220232024Change
Profit (loss) for the period9904-€1,820€370€2,702€1,726€643▼ 62.7%
Operating cash flow (approximation)-€1,820€370€2,702€1,726€643▼ 62.7%
Change in cash-€3,062-€3,960€10,191-€4,325▼ 142%

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
25-06
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
18-06
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
13-09
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 44 days late
2022
26-07
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial Back to profitnet €370
Net result €370 after one loss-making year.
26-07
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial Weakest financial yearnet -€1,820
Net result drops to -€1,820, the lowest in the series; recovery starts the following year.
12-10
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 73 days late
2019
26-07
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
23-08
NBB filing Annual accounts filed
fiscal year 2017 · full schema · 23 days late
2017
03-08
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 3 days late
2016
02-08
NBB filing Annual accounts filed
fiscal year 2015 · full schema · 2 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

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, Waterloo · 1 establishment unit since 1962
seat establishment approximate The establishment unit on the map
Ground area
1.2 ha
Building footprint
1,950 m²
Volume, LiDAR
33,713 m³
2 parcels, Wallonia · tallest building 22.9 m, ±6 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Drève Richelle 161, 1410 Waterloo
Manufacture of basic metals
since 19622.006.133.610
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
25763M0621/00F000indicative Wallonia 1.0 ha 1 · 1,772 m² 22.9 m · 6 fl.
25762H0848/00A000 Wallonia 1,519 m² 1 · 178 m² -
Linked by address, not proof of ownership
Good to know
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

2 owners

Chain of control

  1. Mavane 99.9%
  2. CONTIPACK

Highest known parent: Mavane. The sources do not say who stands above it.

Owners 2

Holdings 0

The accounts to 31-12-2024 list no holdings, and no other source names one.

According to the 2024 annual accounts of CONTIPACK and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 2,503 companies in sector 46649 we hold annual accounts for 1,756. 1,139 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded05-09-1962
Fiscal year end31-12
Activities, NACEBEL 2025
46649Wholesale of other machinery and equipment
E-invoicing
Reachable via Peppol
Peppol ID 0208:0405699332
Also 9925:BE0405699332
Registered 22-12-2025

Register as of 27 September 2026 · Peppol Directory

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