CORPACK
ActiveSummary
CORPACK has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.1m and a net result of -€1.1m. Equity is growing by ~12.4% per year across the filed fiscal years. Its solvency ranks better than 20% of 76 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
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Signals
This company filed its last 7 accounts on average 36 days before the deadline; the sector median for financial year 2024 is 13 days before the deadline, and 34% of the sector filed late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, full schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 17, Manufacture of paper and paper products, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 2,508 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a small loss
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.7% |
| 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 75% 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 2,508 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.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €19.5m | €22.3m | €20.2m | €18.7m | €22.2m | ▲ 19.1% |
| Turnover70 | €19.3m | €22.3m | €20.3m | €18.6m | €22.0m | ▲ 18.4% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | €184,397 | -€53,875 | -€110,948 | €37,926 | €97,546 | ▲ 157% |
| Other operating income74 | €44,376 | €30,416 | €27,707 | €24,335 | €98,158 | ▲ 303% |
| Non-recurring operating income76A | - | €3,000 | €22,397 | €0 | €7,306 | - |
| Operating charges60/66A | €18.3m | €20.9m | €17.8m | €17.0m | €23.0m | ▲ 35.1% |
| Goods for resale, raw materials and consumables60 | €12.2m | €14.7m | €11.4m | €10.6m | €13.4m | ▲ 26.6% |
| Purchases600/8 | €12.3m | €14.7m | €11.4m | €10.6m | €13.3m | ▲ 25.4% |
| Change in stocks: decrease (increase)609 | -€39,646 | -€28,950 | €19,510 | €561 | €136,586 | ▲ 24,250% |
| Services and other goods61 | €3.3m | €3.0m | €3.3m | €2.9m | €3.9m | ▲ 32.8% |
| Remuneration, social security and pensions62 | €2.1m | €2.4m | €2.6m | €2.8m | €2.9m | ▲ 3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €624,249 | €591,065 | €444,132 | €547,937 | €794,856 | ▲ 45.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €0 | €155,309 | €23,858 | -€65,376 | €3,492 | ▲ 105% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €0 | - | - | - | - | - |
| Other operating charges640/8 | €45,313 | €11,614 | €16,436 | €101,277 | €20,091 | ▼ 80.2% |
| Non-recurring operating charges66A | €1,209 | €0 | - | €79,714 | €1.9m | ▲ 2,344% |
| Operating profit (loss)9901 | €1.2m | €1.4m | €2.4m | €1.7m | -€733,594 | ▼ 144% |
| Financial income75/76B | €297,776 | €407,804 | €365,860 | €336,337 | €71,430 | ▼ 78.8% |
| Recurring financial income75 | €297,776 | €407,804 | €365,860 | €336,337 | €71,430 | ▼ 78.8% |
| Income from financial fixed assets750 | - | - | - | €59,694 | €0 | ▼ 100% |
| Income from current assets751 | - | €23,928 | €67,644 | €50 | €32 | ▼ 34.9% |
| Other financial income752/9 | €297,776 | €383,876 | €298,216 | €276,593 | €71,397 | ▼ 74.2% |
| Financial charges65/66B | €64,521 | €67,713 | €122,543 | €248,994 | €480,111 | ▲ 92.8% |
| Recurring financial charges65 | €64,521 | €67,713 | €122,543 | €248,994 | €420,416 | ▲ 68.8% |
| Debt charges650 | €9,287 | €12,022 | €69,782 | €198,279 | €359,813 | ▲ 81.5% |
| Other financial charges652/9 | €55,235 | €55,692 | €52,761 | €50,715 | €60,604 | ▲ 19.5% |
| Non-recurring financial charges66B | - | - | - | - | €59,694 | - |
| Profit (loss) for the period before taxes9903 | €1.4m | €1.8m | €2.7m | €1.8m | -€1.1m | ▼ 165% |
| Transfer from deferred taxes780 | €1,384 | €1,423 | €0 | €1,239 | €689 | ▼ 44.4% |
| Transfer to deferred taxes680 | €0 | €750 | €1,303 | €0 | - | - |
| Income taxes67/77 | €409,257 | €448,105 | €691,753 | €482,201 | -€9,007 | ▼ 102% |
| Taxes670/3 | €409,257 | €487,000 | €691,753 | €485,000 | €1,382 | ▼ 99.7% |
| Tax adjustments and reversals of tax provisions77 | - | €38,895 | €0 | €2,799 | €10,389 | ▲ 271% |
| Profit (loss) for the period9904 | €1.0m | €1.3m | €2.0m | €1.3m | -€1.1m | ▼ 189% |
| Transfer from tax-exempt reserves789 | €3,071 | €4,228 | €0 | €4,624 | €2,607 | ▼ 43.6% |
| Transfer to tax-exempt reserves689 | €0 | €2,250 | €6,161 | €0 | €5,222 | - |
| Profit (loss) for the period to be appropriated9905 | €1.0m | €1.3m | €2.0m | €1.3m | -€1.1m | ▼ 189% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.6m | €6.8m | €5.7m | €13.6m | €15.5m | ▲ 13.9% |
| Fixed assets21/28 | €1.4m | €1.0m | €2.8m | €12.6m | €10.9m | ▼ 13.9% |
| Intangible fixed assets21 | €130,933 | €70,530 | €48,015 | €222,335 | €591,574 | ▲ 166% |
| Tangible fixed assets22/27 | €1.2m | €944,471 | €2.8m | €7.5m | €7.0m | ▼ 5.6% |
| Land and buildings22 | €0 | - | - | - | - | - |
| Plant, machinery and equipment23 | €805,254 | €611,174 | €640,630 | €7.2m | €6.8m | ▼ 5.6% |
| Furniture and vehicles24 | €292,057 | €220,088 | €206,832 | €136,850 | €57,364 | ▼ 58.1% |
| Other tangible fixed assets26 | €131,851 | €113,209 | €138,451 | €131,052 | €191,325 | ▲ 46.0% |
| Assets under construction and advance payments27 | - | - | €1.8m | €0 | - | - |
| Financial fixed assets28 | €4,018 | €4,018 | €224 | €5.0m | €3.3m | ▼ 34.3% |
| Affiliated companies280/1 | - | - | - | €5.0m | €3.3m | ▼ 34.3% |
| Participating interests280 | - | - | - | €3.7m | €3.3m | ▼ 11.0% |
| Amounts receivable281 | - | - | - | €1.3m | €0 | ▼ 100% |
| Other financial fixed assets284/8 | €4,018 | €4,018 | €224 | €224 | €224 | = |
| Amounts receivable and cash guarantees285/8 | €4,018 | €4,018 | €224 | €224 | €224 | = |
| Current assets29/58 | €4.3m | €5.7m | €2.8m | €1.0m | €4.7m | ▲ 361% |
| Stocks and contracts in progress3 | €660,284 | €635,359 | €504,901 | €542,266 | €655,579 | ▲ 20.9% |
| Stocks30/36 | €660,284 | €635,359 | €504,901 | €542,266 | €655,579 | ▲ 20.9% |
| Raw materials and consumables30/31 | €174,182 | €203,132 | €183,623 | €183,062 | €198,829 | ▲ 8.6% |
| Finished goods33 | €486,102 | €432,227 | €321,279 | €359,204 | €456,750 | ▲ 27.2% |
| Goods purchased for resale34 | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €2.8m | €4.3m | €2.1m | €34,025 | €2.6m | ▲ 7,497% |
| Trade receivables40 | €2.8m | €1.9m | €1.2m | €34,025 | €2.6m | ▲ 7,497% |
| Other amounts receivable41 | €71,761 | €2.5m | €907,581 | €0 | - | - |
| Cash at bank and in hand54/58 | €761,154 | €746,894 | €237,803 | €360,175 | €1.4m | ▲ 289% |
| Deferred charges and accrued income490/1 | €5,281 | €12,230 | €14,990 | €72,822 | €14,077 | ▼ 80.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.6m | €6.8m | €5.7m | €13.6m | €15.5m | ▲ 13.9% |
| Equity10/15 | €3.6m | €1.9m | €3.0m | €4.2m | €3.1m | ▼ 26.7% |
| Contributions10/11 | €742,736 | €742,736 | €742,736 | €742,736 | €742,736 | = |
| Capital10 | €742,736 | €742,736 | €742,736 | €742,736 | €742,736 | = |
| Issued capital100 | €742,736 | €742,736 | €742,736 | €742,736 | €742,736 | = |
| Reserves13 | €138,334 | €136,357 | €142,517 | €137,894 | €140,509 | ▲ 1.9% |
| Non-distributable reserves130/1 | €74,274 | €74,274 | €74,274 | €74,274 | €74,274 | = |
| Legal reserve130 | €74,274 | €74,274 | €74,274 | €74,274 | €74,274 | = |
| Tax-exempt reserves132 | €64,061 | €62,083 | €68,244 | €63,620 | €66,235 | ▲ 4.1% |
| Profit (loss) carried forward14 | €2.7m | €1.0m | €2.1m | €3.4m | €2.2m | ▼ 33.8% |
| Provisions and deferred taxes16 | €2,527 | €1,854 | €3,157 | €1,918 | €1,228 | ▼ 35.9% |
| Deferred taxes168 | €2,527 | €1,854 | €3,157 | €1,918 | €1,228 | ▼ 35.9% |
| Amounts payable17/49 | €2.1m | €4.9m | €2.7m | €9.4m | €12.4m | ▲ 32.2% |
| Amounts payable after more than one year17 | €0 | - | - | - | - | - |
| Financial debts170/4 | €0 | - | - | - | - | - |
| Credit institutions173 | €0 | - | - | - | - | - |
| Amounts payable within one year42/48 | €2.1m | €4.9m | €2.7m | €9.4m | €12.4m | ▲ 32.4% |
| Current portion of amounts payable after more than one year42 | €0 | - | - | - | - | - |
| Financial debts43 | €100,167 | €0 | - | €1.7m | €0 | ▼ 100% |
| Credit institutions430/8 | €100,167 | €0 | - | €1.7m | €0 | ▼ 100% |
| Trade debts44 | €810,060 | €728,296 | €1.1m | €1.5m | €4.5m | ▲ 204% |
| Suppliers440/4 | €810,060 | €728,296 | €1.1m | €1.5m | €4.5m | ▲ 204% |
| Advances received on contracts in progress46 | €34,662 | €16,090 | €17,663 | €17,984 | €29,237 | ▲ 62.6% |
| Taxes, remuneration and social security45 | €600,231 | €587,710 | €644,133 | €941,980 | €836,181 | ▼ 11.2% |
| Taxes450/3 | €388,621 | €347,682 | €402,660 | €726,346 | €598,241 | ▼ 17.6% |
| Remuneration and social security454/9 | €211,610 | €240,028 | €241,472 | €215,635 | €237,940 | ▲ 10.3% |
| Other amounts payable47/48 | €505,355 | €3.5m | €910,000 | €5.3m | €7.0m | ▲ 33.9% |
| Accrued charges and deferred income492/3 | €4,750 | €2,533 | €3,000 | €13,000 | €5,000 | ▼ 61.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.0m | €1.3m | €2.0m | €1.3m | -€1.1m | ▼ 189% |
| + Depreciation and write-downs630 | €624,249 | €591,065 | €444,132 | €547,937 | €794,856 | ▲ 45.1% |
| Operating cash flow (approximation) | €1.7m | €1.9m | €2.4m | €1.8m | -€337,724 | ▼ 119% |
| Investment in fixed assets (approximation) | - | -€245,971 | -€2.3m | -€10.3m | €955,004 | ▲ 109% |
| Change in cash | - | -€14,261 | -€509,091 | €122,372 | €1.0m | ▲ 749% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
07-08
State Gazette act
Capital & shares · Statutes amendmentAuditor report · Capital increase · Capital contribution13 facts ▸
- General meeting, 22-07-2026
- Other statement, EERSTEBESLISSING:kennisnameverslagen, beraadslaging-beslissingen
- Auditor report, commissaris, Oudsbergen
- Other statement, inbrenginnatura:geenbevindingenmaterieelbelang, ontwerpbijzonderverslagbestuursorgaan
- Other statement, conclusiewaarderingenuitgifteprijs, voorlichtingalgemenevergaderingdiemoetstemmen
- Other statement, nofairnessopinionenlaattijdigheid, stukkenniettenminsteéénmaandvoorafoverhandigd,geenovermaking15dagenvooraf
- Other statement, artikel7:179en7:197WVV, enkelkaderinbrenginnaturaCORPACK
- Capital increase, €1.368.014,08
- Capital contribution, €1.368.014,08
- Other statement, VIERDEBESLISSING:vaststellingverwezenlijkingkapitaalverhoging
- Statutes amendment, 5
- Other statement, ZESDEBESLISSING:volmachtvoorcoördinatie
- +1 further facts in this act
24-03
State Gazette act
Capital & shares · Resignations & appointments · RestructuringPermanent representative: DE QUINNEMAR Cédric · Merger · Accounting effect6 facts ▸
- General meeting, 27/01/2026
- Merger, absorption, no new shares
- Accounting effect, 01/01/2026
- Permanent representative, DE QUINNEMAR Cédric
- Power of attorney, Wout Hooyberghs
- Power of attorney, Ad-ministerie BV
Show earlier events
About the unread acts
Of the 19 Belgian State Gazette acts we know for this company, 2 have been read. The other 17 have not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
2 establishment units
2 parcels
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11012A0127/00E012 | Flanders | 1.5 ha | 1 · 1,114 m² | 9.1 m · 3 fl. |
| 46503C1300/00A000 | Flanders | 1.3 ha | 1 · 7,328 m² | 40.5 m · 2 fl. |
Linked by address, not proof of ownership
Articles of association
Structure & network
Owners and holdings
1 owner · 1 holdingChain of control
- FORESCO
- FORESCO GROUP
- Foresco BE
- CORPACK
Highest known parent: FORESCO. The sources do not say who stands above it.
Owners 1
- Foresco BEparent100%
Holdings 1
-
100%
According to the 2025 annual accounts of CORPACK 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.
Acquisitions and mergers
1 transactionCapital and shareholders
- 07-08-2026 Capital increase of 1,368,014.08 EUR · to 2,110,750.19 EUR · 1,105 new shares · inbrengdoorenigeaandeelhoudervanzekere,vaststaandeenopeisbareschuldvorderingtenlasteVennootschap
Public money · subsidies and aid
Flemish government
2022 to 2025 · 2 entries · 732 EUR awarded · 732 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 292 EUR | 292 EUR |
| 2022 | 1 | 440 EUR | 440 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteSimilar companies · same sector, comparable size
Identification & contact
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.