EXAM PACKAGING
ActiveSummary
EXAM PACKAGING has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.34M and a net result of €1.19M. Equity remains stable across the filed fiscal years (±1% per year). Its solvency ranks better than 55% of 158 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency74▼-2
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €190k at 30 days acceptable
Liquidity ample (current ratio 1.97 against 2.0 in 2024; short-term debt: 45.4% and cash: 42.9% of total assets), but 50.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six 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 dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 22
Relative position
BE, all sectors
reference
Manufacture of rubber and plastic products (NACE 22)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
49.5%
Return on assets
25%
Age of the figures
15 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €2.34M
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 06-01-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
22 d early
2023
86 d early
2022
55 d early
2021
14 d early
2020
40 d early
2019
93 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.34M▲ 33.4%
2024 · €1.76M
2019: €1.95M
2020: €2.19M▲ +12.2% vs 2019
2021: €2.51M▲ +14.5% vs 2020highest in 7 years
2022: €2.42M▼ -3.7% vs 2021
2023: €2.09M▼ -13.6% vs 2022
2024: €1.76M▼ -16.0% vs 2023lowest in 7 years
2025: €2.34M▲ +33.4% vs 2024
2019 → 2025
Total assets
€4.74M▲ 37.4%
2024 · €3.45M
2019: €3.02Mlowest in 7 years
2020: €3.03M▲ +0.4% vs 2019
2021: €3.79M▲ +25.1% vs 2020
2022: €4.01M▲ +5.8% vs 2021
2023: €3.29M▼ -17.8% vs 2022
2024: €3.45M▲ +4.7% vs 2023
2025: €4.74M▲ +37.4% vs 2024highest in 7 years
2019 → 2025
Net result
€1.19M▼ 13.1%
2024 · €1.37M
2019: €147k
2020: €238k▲ +61.5% vs 2019
2021: €318k▲ +34.1% vs 2020
2022: €-92k▼ -129% vs 2021lowest in 7 years
2023: €417k▲ +555% vs 2022
2024: €1.37M▲ +227% vs 2023highest in 7 years
2025: €1.19M▼ -13.1% vs 2024
2019 → 2025
Working capital
€2.10M▲ 40.4%
2024 · €1.49M
2019: €2.32M
2020: €2.26M▼ -2.6% vs 2019
2021: €2.44M▲ +8.2% vs 2020highest in 7 years
2022: €2.39M▼ -2.1% vs 2021
2023: €2.11M▼ -11.9% vs 2022
2024: €1.49M▼ -29.2% vs 2023lowest in 7 years
2025: €2.10M▲ +40.4% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.51M-€2.42M▼ 3.7%€2.09M▼ 13.6%€1.76M▼ 16.0%€2.34M▲ 33.4%
2021: €2.51Mhighest in 5 years
2022: €2.42M▼ -3.7% vs 2021
2023: €2.09M▼ -13.6% vs 2022
2024: €1.76M▼ -16.0% vs 2023lowest in 5 years
2025: €2.34M▲ +33.4% vs 2024
Operating result€370k-€-146k€473k€1.79M▲ 278%€1.57M▼ 12.3%
2021: €370k
2022: €-146k▼ -139% vs 2021lowest in 5 years
2023: €473k▲ +424% vs 2022
2024: €1.79M▲ +278% vs 2023highest in 5 years
2025: €1.57M▼ -12.3% vs 2024
Net result€318k-€-92k€417k€1.37M▲ 227%€1.19M▼ 13.1%
2021: €318k
2022: €-92k▼ -129% vs 2021lowest in 5 years
2023: €417k▲ +555% vs 2022
2024: €1.37M▲ +227% vs 2023highest in 5 years
2025: €1.19M▼ -13.1% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 12% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.74M
Fixed assets
€493k ▲ 5.2%
Current assets
€4.25M ▲ 42.5%
Equity and liabilities €4.74M
Equity
€2.34M ▲ 33.4%
Debt
€2.40M ▲ 41.6%
Debt's share of the balance-sheet total rises from 49.1% to 50.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.77M▼
2024 · €1.95M
Cash flow
€1.39M▼
2024 · €1.53M
Current ratio
1.97▼
2024 · 2.00
Quick ratio
1.79▲
2024 · 1.73
Debt to equity
1.02▲
2024 · 0.96
ROE
50.6%▼
2024 · 77.8%
ROA
25.0%▼
2024 · 39.6%
Interest coverage
105.64▼
2024 · 142.43
Debt ≤ 1 year
€2.15M▲
2024 · €1.49M
Debt > 1 year
€245k▲
2024 · €205k
Income taxes
€410k▼
2024 · €475k
Staff costs
€1.35M▲
2024 · €1.22M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 58 lines
Balance sheet
Code20242025
Assets
Total assets20/58€3.45M€4.74M▲
Fixed assets21/28€469k€493k▲
Tangible fixed assets22/27€433k€458k▲
Plant, machinery and equipment23€365k€389k▲
Furniture and vehicles24€26k€39k▲
Other tangible fixed assets26€42k€30k▼
Financial fixed assets28€35k€35k=
Current assets29/58€2.98M€4.25M▲
Stocks and contracts in progress3€404k€408k▲
Stocks30/36€404k€408k▲
Amounts receivable within one year40/41€1.93M€1.77M▼
Trade receivables40€1.75M€1.73M▼
Other amounts receivable41€181k€46k▼
Cash at bank and in hand54/58€595k€2.03M▲
Deferred charges and accrued income490/1€48k€32k▼
Equity and liabilities
Total equity and liabilities10/49€3.45M€4.74M▲
Equity10/15€1.76M€2.34M▲
Contributions10/11€19k€19k=
Reserves13€1.74M€2.32M▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€1.74M€2.32M▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€1.69M€2.40M▲
Amounts payable after more than one year17€205k€245k▲
Financial debts170/4€205k€245k▲
Other amounts payable178/9€0-
Amounts payable within one year42/48€1.49M€2.15M▲
Current portion of amounts payable after more than one year42€118k€166k▲
Trade debts44€518k€426k▼
Suppliers440/4€518k€426k▼
Taxes, remuneration and social security45€137k€257k▲
Taxes450/3€708€60k▲
Remuneration and social security454/9€136k€197k▲
Other amounts payable47/48€714k€1.30M▲
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€1.22M€1.35M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€165k€204k▲
Other operating charges640/8€16k€24k▲
Non-recurring operating charges66A€0-
Gross operating margin9900€3.19M€3.15M▼
Operating profit (loss)9901€1.79M€1.57M▼
Financial income75/76B€66k€44k▼
Recurring financial income75€66k€44k▼
Financial charges65/66B€14k€17k▲
Recurring financial charges65€14k€17k▲
Profit (loss) for the period before taxes9903€1.84M€1.60M▼
Income taxes67/77€475k€410k▼
Profit (loss) for the period9904€1.37M€1.19M▼
Profit (loss) for the period to be appropriated9905€1.37M€1.19M▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.37M€1.19M▼
Transfer from equity791/2€1.00M€0▼
Transfer to equity691/2€666k€587k▼
To other reserves6921€666k€587k▼
Profit to be distributed694/7€1.70M€600k▼
Return on contributions (dividend)694€1.70M€600k▼
Social balance
Average headcount (FTE)908719.018.1▼
The notes to these accounts (24 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €5k | €0 | - | - |
| Remuneration, social security and pensions62 | - | €1.19M | €1.21M | €1.22M | €1.35M | ▲ 11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €103k | €184k | €169k | €165k | €204k | ▲ 23.8% |
| Other operating charges640/8 | - | €19k | €18k | €16k | €24k | ▲ 48.5% |
| Non-recurring operating charges66A | - | - | €277 | €0 | - | - |
| Gross operating margin9900 | €1.70M | €1.24M | €1.87M | €3.19M | €3.15M | ▼ 1.1% |
| Operating profit (loss)9901 | €370k | €-146k | €473k | €1.79M | €1.57M | ▼ 12.3% |
| Financial income75/76B | - | €83k | €68k | €66k | €44k | ▼ 32.9% |
| Recurring financial income75 | €47k | €83k | €68k | €66k | €44k | ▼ 32.9% |
| Financial charges65/66B | - | €28k | €31k | €14k | €17k | ▲ 22.3% |
| Recurring financial charges65 | €25k | €28k | €31k | €14k | €17k | ▲ 22.3% |
| Profit (loss) for the period before taxes9903 | €392k | €-91k | €510k | €1.84M | €1.60M | ▼ 13.3% |
| Income taxes67/77 | €73k | €705 | €93k | €475k | €410k | ▼ 13.8% |
| Profit (loss) for the period9904 | €318k | €-92k | €417k | €1.37M | €1.19M | ▼ 13.1% |
| Profit (loss) for the period to be appropriated9905 | €318k | €-92k | €417k | €1.37M | €1.19M | ▼ 13.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.79M | €4.01M | €3.29M | €3.45M | €4.74M | ▲ 37.4% |
| Fixed assets21/28 | €634k | €727k | €568k | €469k | €493k | ▲ 5.2% |
| Tangible fixed assets22/27 | €595k | €688k | €533k | €433k | €458k | ▲ 5.6% |
| Plant, machinery and equipment23 | - | €544k | €437k | €365k | €389k | ▲ 6.4% |
| Furniture and vehicles24 | - | €71k | €38k | €26k | €39k | ▲ 49.2% |
| Other tangible fixed assets26 | - | €74k | €58k | €42k | €30k | ▼ 28.8% |
| Financial fixed assets28 | €39k | €39k | €35k | €35k | €35k | = |
| Current assets29/58 | €3.15M | €3.28M | €2.73M | €2.98M | €4.25M | ▲ 42.5% |
| Stocks and contracts in progress3 | €233k | €591k | €309k | €404k | €408k | ▲ 0.9% |
| Stocks30/36 | - | €591k | €309k | €404k | €408k | ▲ 0.9% |
| Amounts receivable within one year40/41 | €2.19M | €2.35M | €940k | €1.93M | €1.77M | ▼ 8.2% |
| Trade receivables40 | - | €1.31M | €887k | €1.75M | €1.73M | ▼ 1.3% |
| Other amounts receivable41 | - | €1.04M | €53k | €181k | €46k | ▼ 74.4% |
| Cash at bank and in hand54/58 | €692k | €260k | €1.42M | €595k | €2.03M | ▲ 241% |
| Deferred charges and accrued income490/1 | - | €83k | €54k | €48k | €32k | ▼ 34.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.79M | €4.01M | €3.29M | €3.45M | €4.74M | ▲ 37.4% |
| Equity10/15 | €2.51M | €2.42M | €2.09M | €1.76M | €2.34M | ▲ 33.4% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2.49M | €2.40M | €2.07M | €1.74M | €2.32M | ▲ 33.7% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €2.40M | €2.07M | €1.74M | €2.32M | ▲ 33.8% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €1.28M | €1.59M | €1.20M | €1.69M | €2.40M | ▲ 41.6% |
| Amounts payable after more than one year17 | €550k | €682k | €549k | €205k | €245k | ▲ 19.8% |
| Financial debts170/4 | - | €456k | €323k | €205k | €245k | ▲ 19.8% |
| Other amounts payable178/9 | - | €226k | €226k | €0 | - | - |
| Amounts payable within one year42/48 | €709k | €887k | €618k | €1.49M | €2.15M | ▲ 44.6% |
| Current portion of amounts payable after more than one year42 | - | €158k | €133k | €118k | €166k | ▲ 40.2% |
| Trade debts44 | €400k | €540k | €325k | €518k | €426k | ▼ 17.7% |
| Suppliers440/4 | - | €540k | €325k | €518k | €426k | ▼ 17.7% |
| Taxes, remuneration and social security45 | - | €166k | €153k | €137k | €257k | ▲ 87.8% |
| Taxes450/3 | - | €5k | €3k | €708 | €60k | ▲ 8,377% |
| Remuneration and social security454/9 | - | €161k | €150k | €136k | €197k | ▲ 44.7% |
| Other amounts payable47/48 | - | €23k | €6k | €714k | €1.30M | ▲ 82.2% |
| Accrued charges and deferred income492/3 | - | €20k | €36k | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €318k | €-92k | €417k | €1.37M | €1.19M | ▼ 13.1% |
| + Depreciation and write-downs630 | €103k | €184k | €169k | €165k | €204k | ▲ 23.8% |
| Operating cash flow (approximation) | €421k | €92k | €586k | €1.53M | €1.39M | ▼ 9.2% |
| Investment in fixed assets (approximation) | - | €-277k | €-10k | €-66k | €-229k | ▼ 248% |
| Change in cash | - | €-432k | €1.16M | €-828k | €1.44M | ▲ 273% |
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
Next filing, fiscal year 2026, expected by
2026
06-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Equity above €2MEq €2.34M ▲33.4%
3 profitable years in a row build equity to €2.34M.
09-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Highest result since 2019net €1.37M ▲227%
Operating result €1.79M, net result €1.37M, both a record.
2023
06-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
30-06
Financial
Back to profitnet €417k
Net result €417k after one loss-making year.
2022
07-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
30-06
Financial
Weakest financial yearnet €-92k
Net result drops to €-92k, the lowest in the series; recovery starts the following year.
17-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
22-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
30-06
Financial
Equity above €2MEq €2.19M ▲12.2%
2 profitable years in a row build equity to €2.19M.
2019
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2018
30-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
17-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
07-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Grimbergen · 2 establishment units since 1997
Ground area
7,216 m²
Building footprint
963 m²
Volume, LiDAR
1,879 m³
2 parcels, Flanders, Wallonia · tallest building 11.7 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
2 establishment units
Romeinsesteenweg 558, 1853 Grimbergen
since 19972.082.200.218
Rue du Polissou 33, 5590 Ciney
since 20092.175.701.387
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91001C0131/00V004 | Wallonia | 4,505 m² | 1 · 753 m² | - |
| 23084B0064/00G005 | Flanders | 2,711 m² | 1 · 210 m² | 11.7 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 6 entries · 29,824 EUR awarded · 25,538 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 17,085 EUR | 13,044 EUR |
| 2024 | 2 | 9,821 EUR | 9,719 EUR |
| 2023 | 1 | 251 EUR | 108 EUR |
| 2022 | 1 | 2,667 EUR | 2,667 EUR |
Schemes
Subsidies voor internationaal ondernemen
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
European Union, budget
2021 · 1 entry · 16,782 EUR in total| Year | Entries | awarded |
|---|---|---|
| 2021 | 1 | 16,782 EUR |
Projects
PAPETERIE ET FOURNITURES DE BUREAU
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Identification & contact
Identification
Legal formPrivate limited company
Founded09-06-1997
Fiscal year end30-06
Activities, NACEBEL 2025
17120Manufacture of paper and paper products
22220Manufacture of rubber and plastic products
17250Manufacture of paper and paper products
Scores and ratios are computed by Checked and are not a credit decision.