CORPACK
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 13-07-2026 at the NBB all 30 filings
Turnover
€22.0m▲ 18.4%
2024 · €18.6m
EBIT margin
-3.3%▼ 12.3pp
2024 · 9.0%
Net result
-€1.1m
2024 · €1.3m
Working capital
-€7.8m▲ 7.3%
2024 · -€8.4m
In the rankings
#8 company by staff growth in Beveren-Kruibeke-Zwijndrecht, Manufacturing sector#9 employer in East Flanders, Paper sector#9 company by total assets in East Flanders, Paper sector
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
€22.0m
▲ 18.4%
2025
20182025
Operating result
-€733,594
2025
20182025
Net result
-€1.1m
2025
lowest quarter of the sector
20182025
EBIT margin
-3.3%
▼ 12.3pp
2025
20182025
Equity
€3.1m
▼ 26.7%
2025
middle half of the sector
20182025
Total assets
€15.5m
▲ 13.9%
2025
middle half of the sector
20182025
Debt
€12.4m
▲ 32.2%
2025
20182025
Working capital
-€7.8m
▲ 7.3%
2025
lowest quarter of the sector
20182025
Solvency
20.0%
▼ 11.1pp
2025
lowest quarter of the sector
20182025
Current ratio
0.37
▲ 0.27
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
-7.3%
▼ 16.6pp
2025
lowest quarter of the sector
20182025
Staff (FTE)
44.3
▲ 2.8%
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€15.4m-€16.0m▲ 4.0%€15.5m▼ 3.1%€19.3m▲ 24.1%€22.3m▲ 15.8%€20.3m▼ 9.2%€18.6m▼ 8.3%€22.0m▲ 18.4%
Operating result€0.6m-€1.0m▲ 50.8%€1.2m▲ 29.9%€1.2m▼ 2.7%€1.4m▲ 18.5%€2.4m▲ 68.6%€1.7m▼ 31.1%-€0.7m
Net result€0.7m-€0.9m▲ 32.8%€0.9mwithin the sector's middle half▲ 0.5%€1.0mabove the sector's middle half▲ 13.9%€1.3mabove the sector's middle half▲ 28.1%€2.0mabove the sector's middle half▲ 48.4%€1.3mwithin the sector's middle half▼ 35.4%-€1.1mbelow the sector's middle half
EBIT margin4.1%-6.0%▲ 1.9pp8.0%▲ 2.0pp6.3%▼ 1.7pp6.4%▲ 0.1pp12.0%▲ 5.5pp9.0%▼ 3.0pp-3.3%▼ 12.3pp
Equity€1.2m-€1.6m▲ 31.0%€2.5mwithin the sector's middle half▲ 56.4%€3.6mwithin the sector's middle half▲ 41.0%€1.9mwithin the sector's middle half▼ 46.8%€3.0mwithin the sector's middle half▲ 56.0%€4.2mwithin the sector's middle half▲ 43.1%€3.1mwithin the sector's middle half▼ 26.7%
Total assets€5.3m-€5.4m▲ 2.0%€5.4mwithin the sector's middle half▼ 0.5%€5.6mwithin the sector's middle half▲ 4.0%€6.8mwithin the sector's middle half▲ 20.1%€5.7mwithin the sector's middle half▼ 15.9%€13.6mwithin the sector's middle half▲ 140%€15.5mwithin the sector's middle half▲ 13.9%
Debt€4.0m-€3.8m▼ 6.9%€2.9m▼ 23.5%€2.1m▼ 28.6%€4.9m▲ 136%€2.7m▼ 44.1%€9.4m▲ 246%€12.4m▲ 32.2%
Working capital€0.6m-€0.5m▼ 16.5%€1.6mwithin the sector's middle half▲ 198%€2.2mwithin the sector's middle half▲ 38.1%€0.9mwithin the sector's middle half▼ 60.0%€0.1mwithin the sector's middle half▼ 85.3%-€8.4mbelow the sector's middle half-€7.8mbelow the sector's middle half▲ 7.3%
Solvency23.2%-29.7%▲ 6.6pp46.8%within the sector's middle half▲ 17.0pp63.4%above the sector's middle half▲ 16.7pp28.1%within the sector's middle half▼ 35.3pp52.2%within the sector's middle half▲ 24.0pp31.1%within the sector's middle half▼ 21.1pp20.0%below the sector's middle half▼ 11.1pp
Current ratio1.22-1.19▼ 0.031.78within the sector's middle half▲ 0.592.08within the sector's middle half▲ 0.301.18within the sector's middle half▼ 0.901.05within the sector's middle half▼ 0.130.11below the sector's middle half▼ 0.940.37below the sector's middle half▲ 0.27
Return on assets (ROA)12.8%-16.7%▲ 3.9pp16.9%above the sector's middle half▲ 0.2pp18.5%above the sector's middle half▲ 1.6pp19.7%above the sector's middle half▲ 1.2pp34.7%above the sector's middle half▲ 15.1pp9.4%within the sector's middle half▼ 25.4pp-7.3%below the sector's middle half▼ 16.6pp
Staff (FTE)33.1-36.9▲ 11.5%39.1within the sector's middle half▲ 6.0%40.5within the sector's middle half▲ 3.6%40.5within the sector's middle half=42.3within the sector's middle half▲ 4.4%43.1within the sector's middle half▲ 1.9%44.3within the sector's middle half▲ 2.8%
above
within
below
The sector band is the middle half of the companies in Manufacture of paper and paper products (NACE 17). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €733,594, after a profit of €1.7m in 2024. It is the lowest result since 2021.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €15.5m
Fixed assets
€10.9m ▼ 13.9%
Current assets
€4.7m ▲ 361%
Equity and liabilities €15.5m
Equity
€3.1m ▼ 26.7%
Provisions
€1,228 ▼ 35.9%
Debt
€12.4m ▲ 32.2%
Debt's share of the balance-sheet total rises from 68.9% to 80.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€61,262▼
2024 · €2.2m
Cash flow
-€337,724▼
2024 · €1.8m
Quick ratio
0.32▲
2024 · 0.05
Debt to equity
4.00▲
2024 · 2.22
ROE
-36.5%▼
2024 · 30.1%
Interest coverage
0.17▼
2024 · 11.18
Debt ≤ 1 year
€12.4m▲
2024 · €9.4m
Income taxes
-€9,007▼
2024 · €482,201
Customer credit
43 days▲
2024 · 1 day
Supplier credit
123 days▲
2024 · 51 days
Staff costs
€2.9m▲
2024 · €2.8m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 39 | 43 | 42 | 44 | 47 |
| full-time | 39 | 41 | 39 | 42 | 44 |
| part-time | 0 | 2 | 3 | 2 | 3 |
| in full-time equivalents | 39 | 42.2 | 40.7 | 43.2 | 46 |
| Average over the year, in full-time equivalents | 40.5 | 40.5 | 42.3 | 43.1 | 44.3 |
| On a permanent contract | 39 | 43 | 42 | 44 | 47 |
| Joined | 6 | 7 | 2 | 7 | 7 |
| Left | 8 | 3 | 3 | 5 | 4 |
| Agency workers, average number | 6 | 6.2 | 4 | 3 | 5.3 |
| Training hours | 22 | - | - | 6 | 717 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | - | - | - | €1.7m | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €189,157 | €322,282 | €2.4m | €5.2m | €286,642 |
| Intangible fixed assets | €51,528 | €625 | €17,606 | €201,744 | €495,784 |
| Financial fixed assets | - | - | - | €3.7m | - |
| Depreciation and write-downs of the year | €624,249 | €591,065 | €444,132 | €547,937 | €794,856 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Auditor
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Fee for the audit | €6,200 | €6,200 | €6,200 | €10,000 | €10,000 |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
Subsidies and aid
Flemish government
2022 to 2025 · 2 entries · €732 awarded · €732 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €292 | €292 |
| 2022 | 1 | €440 | €440 |
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €19.5m | €22.3m | €20.2m | €18.7m | €22.2m | ▲ 19.1% |
| Turnover70 | €15.4m | €16.0m | €15.5m | €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 | - | - | - | €0.2m | -€0.05m | -€0.1m | €0.04m | €0.1m | ▲ 157% |
| Other operating income74 | - | - | - | €0.04m | €0.03m | €0.03m | €0.02m | €0.1m | ▲ 303% |
| Non-recurring operating income76A | - | - | - | - | €0.003m | €0.02m | €0 | €0.007m | - |
| 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 | - | - | - | -€0.04m | -€0.03m | €0.02m | €0.001m | €0.1m | ▲ 243× |
| 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 | €0.3m | €0.5m | €0.6m | €0.6m | €0.6m | €0.4m | €0.5m | €0.8m | ▲ 45.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0 | €0.2m | €0.02m | -€0.07m | €0.003m | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €0 | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €0.05m | €0.01m | €0.02m | €0.1m | €0.02m | ▼ 80.2% |
| Non-recurring operating charges66A | - | - | - | €0.001m | €0 | - | €0.08m | €1.9m | ▲ 24× |
| Operating profit (loss)9901 | €0.6m | €1.0m | €1.2m | €1.2m | €1.4m | €2.4m | €1.7m | -€0.7m | - |
| Financial income75/76B | - | - | - | €0.3m | €0.4m | €0.4m | €0.3m | €0.07m | ▼ 78.8% |
| Recurring financial income75 | €0.2m | €0.2m | €0.2m | €0.3m | €0.4m | €0.4m | €0.3m | €0.07m | ▼ 78.8% |
| Income from financial fixed assets750 | - | - | - | - | - | - | €0.06m | €0 | ▼ 100% |
| Income from current assets751 | - | - | - | - | €0.02m | €0.07m | €50 | €32 | ▼ 34.9% |
| Other financial income752/9 | - | - | - | €0.3m | €0.4m | €0.3m | €0.3m | €0.07m | ▼ 74.2% |
| Financial charges65/66B | - | - | - | €0.06m | €0.07m | €0.1m | €0.2m | €0.5m | ▲ 92.8% |
| Recurring financial charges65 | €0.05m | €0.05m | €0.06m | €0.06m | €0.07m | €0.1m | €0.2m | €0.4m | ▲ 68.8% |
| Debt charges650 | €0.009m | €0.009m | €0.02m | €0.009m | €0.01m | €0.07m | €0.2m | €0.4m | ▲ 81.5% |
| Other financial charges652/9 | - | - | - | €0.06m | €0.06m | €0.05m | €0.05m | €0.06m | ▲ 19.5% |
| Non-recurring financial charges66B | - | - | - | - | - | - | - | €0.06m | - |
| Profit (loss) for the period before taxes9903 | €0.8m | €1.1m | €1.4m | €1.4m | €1.8m | €2.7m | €1.8m | -€1.1m | - |
| Transfer from deferred taxes780 | - | - | - | €0.001m | €0.001m | €0 | €0.001m | €0.001m | ▼ 44.4% |
| Transfer to deferred taxes680 | - | - | - | €0 | €0.001m | €0.001m | €0 | - | - |
| Income taxes67/77 | €0.1m | €0.2m | €0.5m | €0.4m | €0.4m | €0.7m | €0.5m | -€0.009m | - |
| Taxes670/3 | - | - | - | €0.4m | €0.5m | €0.7m | €0.5m | €0.001m | ▼ 99.7% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | €0.04m | €0 | €0.003m | €0.01m | ▲ 271% |
| Profit (loss) for the period9904 | €0.7m | €0.9m | €0.9m | €1.0m | €1.3m | €2.0m | €1.3m | -€1.1m | - |
| Transfer from tax-exempt reserves789 | - | - | - | €0.003m | €0.004m | €0 | €0.005m | €0.003m | ▼ 43.6% |
| Transfer to tax-exempt reserves689 | - | - | - | €0 | €0.002m | €0.006m | €0 | €0.005m | - |
| Profit (loss) for the period to be appropriated9905 | €0.7m | €0.9m | €0.9m | €1.0m | €1.3m | €2.0m | €1.3m | -€1.1m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €5.3m | €5.4m | €5.4m | €5.6m | €6.8m | €5.7m | €13.6m | €15.5m | ▲ 13.9% |
| Fixed assets21/28 | €1.8m | €2.1m | €1.8m | €1.4m | €1.0m | €2.8m | €12.6m | €10.9m | ▼ 13.9% |
| Intangible fixed assets21 | - | €0.1m | €0.1m | €0.1m | €0.07m | €0.05m | €0.2m | €0.6m | ▲ 166% |
| Tangible fixed assets22/27 | €1.7m | €1.9m | €1.6m | €1.2m | €0.9m | €2.8m | €7.5m | €7.0m | ▼ 5.6% |
| Land and buildings22 | - | - | - | €0 | - | - | - | - | - |
| Plant, machinery and equipment23 | - | - | - | €0.8m | €0.6m | €0.6m | €7.2m | €6.8m | ▼ 5.6% |
| Furniture and vehicles24 | - | - | - | €0.3m | €0.2m | €0.2m | €0.1m | €0.06m | ▼ 58.1% |
| Other tangible fixed assets26 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.2m | ▲ 46.0% |
| Assets under construction and advance payments27 | - | - | - | - | - | €1.8m | €0 | - | - |
| Financial fixed assets28 | €0.004m | €0.004m | €0.004m | €0.004m | €0.004m | €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 | - | - | - | €0.004m | €0.004m | €224 | €224 | €224 | = |
| Amounts receivable and cash guarantees285/8 | - | - | - | €0.004m | €0.004m | €224 | €224 | €224 | = |
| Current assets29/58 | €3.6m | €3.4m | €3.7m | €4.3m | €5.7m | €2.8m | €1.0m | €4.7m | ▲ 361% |
| Stocks and contracts in progress3 | €0.7m | €0.5m | €0.4m | €0.7m | €0.6m | €0.5m | €0.5m | €0.7m | ▲ 20.9% |
| Stocks30/36 | - | - | - | €0.7m | €0.6m | €0.5m | €0.5m | €0.7m | ▲ 20.9% |
| Raw materials and consumables30/31 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 8.6% |
| Finished goods33 | - | - | - | €0.5m | €0.4m | €0.3m | €0.4m | €0.5m | ▲ 27.2% |
| Goods purchased for resale34 | - | - | - | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €2.5m | €2.4m | €2.1m | €2.8m | €4.3m | €2.1m | €0.03m | €2.6m | ▲ 76× |
| Trade receivables40 | - | - | - | €2.8m | €1.9m | €1.2m | €0.03m | €2.6m | ▲ 76× |
| Other amounts receivable41 | - | - | - | €0.07m | €2.5m | €0.9m | €0 | - | - |
| Cash at bank and in hand54/58 | €0.4m | €0.5m | €1.2m | €0.8m | €0.7m | €0.2m | €0.4m | €1.4m | ▲ 289% |
| Deferred charges and accrued income490/1 | - | - | - | €0.005m | €0.01m | €0.01m | €0.07m | €0.01m | ▼ 80.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €5.3m | €5.4m | €5.4m | €5.6m | €6.8m | €5.7m | €13.6m | €15.5m | ▲ 13.9% |
| Equity10/15 | €1.2m | €1.6m | €2.5m | €3.6m | €1.9m | €3.0m | €4.2m | €3.1m | ▼ 26.7% |
| Contributions10/11 | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | = |
| Capital10 | - | - | - | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | = |
| Issued capital100 | - | - | - | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | = |
| Reserves13 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 1.9% |
| Non-distributable reserves130/1 | - | - | - | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Legal reserve130 | - | - | - | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Tax-exempt reserves132 | - | - | - | €0.06m | €0.06m | €0.07m | €0.06m | €0.07m | ▲ 4.1% |
| Profit (loss) carried forward14 | €0.4m | €0.7m | €1.6m | €2.7m | €1.0m | €2.1m | €3.4m | €2.2m | ▼ 33.8% |
| Provisions and deferred taxes16 | €0.06m | €0.06m | €0.004m | €0.003m | €0.002m | €0.003m | €0.002m | €0.001m | ▼ 35.9% |
| Deferred taxes168 | - | - | - | €0.003m | €0.002m | €0.003m | €0.002m | €0.001m | ▼ 35.9% |
| Amounts payable17/49 | €4.0m | €3.8m | €2.9m | €2.1m | €4.9m | €2.7m | €9.4m | €12.4m | ▲ 32.2% |
| Amounts payable after more than one year17 | €1.1m | €0.9m | €0.7m | €0 | - | - | - | - | - |
| Financial debts170/4 | - | - | - | €0 | - | - | - | - | - |
| Credit institutions173 | - | - | - | €0 | - | - | - | - | - |
| Amounts payable within one year42/48 | €2.9m | €2.9m | €2.1m | €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 | - | - | - | €0.1m | €0 | - | €1.7m | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | €0.1m | €0 | - | €1.7m | €0 | ▼ 100% |
| Trade debts44 | €1.6m | €1.6m | €1.0m | €0.8m | €0.7m | €1.1m | €1.5m | €4.5m | ▲ 204% |
| Suppliers440/4 | - | - | - | €0.8m | €0.7m | €1.1m | €1.5m | €4.5m | ▲ 204% |
| Advances received on contracts in progress46 | - | - | - | €0.03m | €0.02m | €0.02m | €0.02m | €0.03m | ▲ 62.6% |
| Taxes, remuneration and social security45 | - | - | - | €0.6m | €0.6m | €0.6m | €0.9m | €0.8m | ▼ 11.2% |
| Taxes450/3 | - | - | - | €0.4m | €0.3m | €0.4m | €0.7m | €0.6m | ▼ 17.6% |
| Remuneration and social security454/9 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 10.3% |
| Other amounts payable47/48 | - | - | - | €0.5m | €3.5m | €0.9m | €5.3m | €7.0m | ▲ 33.9% |
| Accrued charges and deferred income492/3 | - | - | - | €0.005m | €0.003m | €0.003m | €0.01m | €0.005m | ▼ 61.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.7m | €0.9m | €0.9m | €1.0m | €1.3m | €2.0m | €1.3m | -€1.1m | - |
| + Depreciation and write-downs630 | €0.3m | €0.5m | €0.6m | €0.6m | €0.6m | €0.4m | €0.5m | €0.8m | ▲ 45.1% |
| Operating cash flow (approximation) | €1.0m | €1.4m | €1.5m | €1.7m | €1.9m | €2.4m | €1.8m | -€0.3m | - |
| Investment in fixed assets (approximation) | - | -€0.8m | -€0.3m | -€0.2m | -€0.2m | -€2.3m | -€10.3m | €1.0m | - |
| Change in cash | - | €0.1m | €0.6m | -€0.4m | -€0.01m | -€0.5m | €0.1m | €1.0m | ▲ 749% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 2,507 companies had the same profile as CORPACK has now. Two years later, 96.4% were still going and 1.6% had gone bankrupt.
- Small
- 20 years or older
- solvency 10 to 30%
- a small loss
96.4%
was still going
1.8%
stopped otherwise
1.6%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CORPACK itself: 0.8% within 12 months.
Test of the method
The method was tested on the 497,446 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 2,507 companies, not a prediction for CORPACK. 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.
Latest 10 of 30 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 13-07-2026 | 2026-00302219 | |
| 31-12-2024 | full format | 10-07-2025 | 2025-00260711 | |
| 31-12-2023 | full format | 07-06-2024 | 2024-00119383 | |
| 31-12-2022 | full format | 25-04-2023 | 2023-00067143 | |
| 31-12-2021 | full format | 28-06-2022 | 2022-20100715 | |
| 31-12-2020 | full format | 22-07-2021 | 2021-39400554 | |
| 31-12-2019 | full format | 14-07-2020 | 2020-30200236 | |
| 31-12-2018 | full format | 24-07-2019 | 2019-37600199 | |
| 31-12-2017 | full format | 30-07-2018 | 2018-39100046 | |
| 31-12-2016 | full format | 18-07-2017 | 2017-33600091 |