Result
-€201,525 -€201,525
From profit to loss in 2024, after a profit of €223,110 in 2023.
COSAPACK
Lifetime
13 annual accounts with figures on one time axispeak €1.3m (2024)
€1.3m▲ 6.3%
lowest -€671,273 (2012)
-€201,525▼ €424,635
peak €1.6m (2024)
€1.6m▲ 71.5%
€8.2m▲ 130%
peak 13 FTE (2024)
13 FTE▲ 42.9%
Board4 names since 2015
3 directors and 2 others
Owners
99.67%
Documentsfilings and deeds
16-06-202545 days before the deadline
2024abbreviated format
Loss of €201,525Staff from 9.1 FTE to 13 FTE1 director appointed, 2 reappointments 24-10Purpose change · Amendment of the articles 23-01Equity from €908,869 to €1.6mDebts from €3.6m to €8.2m
Key points
from the 2024 annual accountsDebts
€8.2m 83% of the balance sheet
Financial debts 68%Suppliers 8%Taxes and wages 2%Other 23%
Of this, €3.7m falls due within a year.
Investments
€4.8m 12.7 × depreciation
Green is investment, beige is depreciation. Machinery stands 617.4% higher than in 2023.
Staff
13 employees on 31-12-2024
In 2024, 4 people joined and 2 left.
Filings
13 annual accounts 104 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Position in the sector
-€201,525
Lower net result than 95% of companies in printing. Sector median €26,178 · 289 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 1,423 companies had the same profile as COSAPACK has now. Each dot stands for 4 companies, two years later.
96.5%
were still trading
2.2%
stopped another way
1.0%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 1,423 companies, not a prediction for COSAPACK. 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
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Signals
Board and ownership
Managing director,
Managing director
Director, since 11-12-2019
- 99.67%score equity €10.4m (2025) · 2025 annual accounts of
Recent changes
Registered office moved to Gits
New registered office: Grijspeerdstraat 71, 8830 Gits · General meeting of 23-12-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0834604034
1 director appointed, 2 reappointments
Appointment: (managing director) · Permanent representative: · Reappointments: and · Board meeting of 22-08-2024 · Gazette deed
Purpose change · Amendment of the articles
“Het drukken van allerhande drukwerken,zowel op papier als op kunststoffen en textiel;alle…” (deed in Dutch) · General meeting of 21-12-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| COSAPACK Hooglede | €9.9m | €1.3m | 15.8% | 13 |
| EXCEET CARD BELGIË Ypres | €5.3m | €1.9m | 88.1% | 15.6 |
| DIGI-PAQ Kortemark | €5.1m | €3.3m | 60.0% | 16.5 |
| PPP - APS GROUP Lier | €2.9m | €1.1m | 18.8% | 14.2 |
| CCL Label Belgium Wommelgem | €3.0m | €1.9m | -31.2% | 26.1 |
| LabelFresh Oudenaarde | €3.1m | €1.0m | 59.9% | 5.4 |
| PUNTGAAF Anzegem | €3.3m | €1.4m | 41.3% | 10.6 |
These companies have the same main activity as COSAPACK: other printing (NACE 18120). They are comparable in size and age: total assets between €2.9m and €5.3m, founded between 2007 and 2018.
Official details
Source: KBO- Status
- Active since 14-03-2011Normal situation
- Activity
- Other printingNACE 18120
- Joint committee
- 130Printing, graphic arts and newspapers · annual accounts 2024
- Establishment units
- 2.197.326.2518830 Hooglede, since 14-03-2011
- 2.269.148.6158830 Hooglede, since 01-09-2016
- Financial year end
- 31 December
- Peppol
- Reachable since 16-09-2025
Annual accounts 2024
- ≈ €2.2mestimated
- €9.9m▲ 117%
- Employeeson 31-12-2024
- 13▲ 18.2%
- Filing
- Filed on 16-06-2025
Insights on COSAPACK
COSAPACK files the abbreviated format. That format states no turnover. The gross margin rose from -€59,496 in 2012 to €1.3m in 2024.
The balance sheet grew most from 2022 to 2024 through fixed assets, financed with long-term debt.
holds all the shares. In October 2024, the Official Gazette published the appointment of as managing director.
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 COSAPACK
- What is the company number of COSAPACK?
- The company number of COSAPACK is 0834.604.034. The VAT number is the same number with BE in front: BE 0834.604.034.
- Where is COSAPACK based?
- The registered office is at Grijspeerdstraat 71, 8830 Hooglede.Company details
- What does COSAPACK do?
- According to the KBO register, the main activity is other printing (NACE 18120).
- What is the legal form of COSAPACK?
- COSAPACK is a public limited company (NV).
- When was COSAPACK founded?
- COSAPACK was founded on 14-03-2011.
- Is COSAPACK still active?
- Yes, COSAPACK is an active enterprise in the KBO register.
- How many employees does COSAPACK have?
- COSAPACK had an average of 13 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- Which joint committee does COSAPACK fall under?
- In its 2024 annual accounts, COSAPACK states joint committee 130 (Printing, graphic arts and newspapers).
- What is the turnover of COSAPACK?
- The turnover in financial year 2024 is ≈ €2.2m. This figure is estimated from the gross margin of €1.3m and 1,585 comparable companies of the same size. It probably lies between €1.5m and €3.7m. It is a rough estimate.
- Is COSAPACK profitable?
- In financial year 2024, COSAPACK made a loss of €201,525.
- Where can I find the annual accounts of COSAPACK?
- COSAPACK filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
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