Flanders Packaging
ActiveSummary
Flanders Packaging has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €36k and a net result of €16k. Equity is growing by ~19.6% per year across the filed fiscal years. Its solvency ranks better than 47% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability97▼-3
Solvency77▼-21
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 2.07 against 3.62 in 2024; short-term debt: 47.7% and cash: 98.9% of total assets), and 47.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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
52.3%
Return on assets
22.6%
Age of the figures
12 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-12-2025, 122 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
122 d early
2024
142 d early
2023
117 d early
2022
34 d early
2020
8 d early
2019
1 d early
2018
13 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 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€36k▼ 20.3%
2024 · €46k
2018: €4k
2019: €1k▼ -68.1% vs 2018
2020: €1k▲ +21.0% vs 2019
2022: €-111klowest value
2023: €-24k▲ +78.7% vs 2022
2024: €46k▲ +292% vs 2023highest value
2025: €36k▼ -20.3% vs 2024
2018 → 2025
Total assets
€70k▲ 11.1%
2024 · €63k
2018: €5k
2019: €4k▼ -21.1% vs 2018lowest value
2020: €45k▲ +1103% vs 2019
2022: €27k
2023: €63k▲ +131% vs 2022
2024: €63k▼ -1.2% vs 2023
2025: €70k▲ +11.1% vs 2024highest value
2018 → 2025
Net result
€16k▼ 77.3%
2024 · €69k
2018: €-6k
2019: €-3k▲ +59.3% vs 2018
2020: €255▲ +110% vs 2019
2022: €-113klowest value
2023: €88k▲ +178% vs 2022highest value
2024: €69k▼ -20.9% vs 2023
2025: €16k▼ -77.3% vs 2024
2018 → 2025
Working capital
€36k▼ 19.8%
2024 · €44k
2018: €4k
2019: €1k▼ -68.1% vs 2018
2020: €1k▲ +21.0% vs 2019
2022: €-111klowest value
2023: €-24k▲ +78.7% vs 2022
2024: €44k▲ +287% vs 2023highest value
2025: €36k▼ -19.8% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202022202320242025Trend
Equity€1k-€-111k€-24k▲ 78.7%€46k€36k▼ 20.3%
2020: €1k
2022: €-111klowest value
2023: €-24k▲ +78.7% vs 2022
2024: €46k▲ +292% vs 2023highest value
2025: €36k▼ -20.3% vs 2024
Operating result€2k-€-109k€88k€79k▼ 10.3%€22k▼ 72.4%
2020: €2k
2022: €-109klowest value
2023: €88k▲ +181% vs 2022highest value
2024: €79k▼ -10.3% vs 2023
2025: €22k▼ -72.4% vs 2024
Net result€255-€-113k€88k€69k▼ 20.9%€16k▼ 77.3%
2020: €255
2022: €-113klowest value
2023: €88k▲ +178% vs 2022highest value
2024: €69k▼ -20.9% vs 2023
2025: €16k▼ -77.3% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 72% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €70k
Fixed assets
€735 ▼ 40.0%
Current assets
€69k ▲ 12.2%
Equity and liabilities €70k
Equity
€36k ▼ 20.3%
Debt
€33k ▲ 95.6%
Debt's share of the balance-sheet total rises from 27.1% to 47.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€22k▼
2024 · €79k
Cash flow
€16k▼
2024 · €70k
Current ratio
2.07▼
2024 · 3.62
Debt to equity
0.91▲
2024 · 0.37
ROE
43.2%▼
2024 · 152.0%
ROA
22.6%▼
2024 · 110.8%
Interest coverage
123.59▼
2024 · 718.91
Debt ≤ 1 year
€33k▲
2024 · €17k
Income taxes
€6k▼
2024 · €9k
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 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€63k€70k▲
Fixed assets21/28€1k€735▼
Tangible fixed assets22/27€1k€735▼
Plant, machinery and equipment23€1k€735▼
Current assets29/58€61k€69k▲
Stocks and contracts in progress3€4k€0▼
Stocks30/36€4k€0▼
Amounts receivable within one year40/41€8k€0▼
Trade receivables40€8k€0▼
Other amounts receivable41€86€0▼
Cash at bank and in hand54/58€50k€69k▲
Equity and liabilities
Total equity and liabilities10/49€63k€70k▲
Equity10/15€46k€36k▼
Contributions10/11€19k€19k=
Reserves13€500€500=
Distributable reserves133€500€500=
Profit (loss) carried forward14€27k€17k▼
Amounts payable17/49€17k€33k▲
Amounts payable within one year42/48€17k€33k▲
Trade debts44€8k€2k▼
Suppliers440/4€8k€2k▼
Taxes, remuneration and social security45€9k€6k▼
Taxes450/3€9k€6k▼
Other amounts payable47/48€0€25k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€247€491▲
Other operating charges640/8€566€571▲
Gross operating margin9900€80k€23k▼
Operating profit (loss)9901€79k€22k▼
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€110€180▲
Recurring financial charges65€110€180▲
Profit (loss) for the period before taxes9903€79k€22k▼
Income taxes67/77€9k€6k▼
Profit (loss) for the period9904€69k€16k▼
Profit (loss) for the period to be appropriated9905€69k€16k▼
Appropriation of the result
Profit (loss) to be appropriated9906€27k€42k▲
Profit (loss) brought forward from the previous period14P€-43k€27k▲
Profit to be distributed694/7-€25k
Return on contributions (dividend)694-€25k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €247 | €491 | ▲ 98.9% |
| Other operating charges640/8 | - | €813 | €520 | €566 | €571 | ▲ 0.9% |
| Gross operating margin9900 | €3k | €-108k | €88k | €80k | €23k | ▼ 71.3% |
| Operating profit (loss)9901 | €2k | €-109k | €88k | €79k | €22k | ▼ 72.4% |
| Financial income75/76B | - | €219 | €0 | €0 | €0 | ▼ 100% |
| Recurring financial income75 | €0 | €219 | €0 | €0 | €0 | ▼ 100% |
| Financial charges65/66B | - | €4k | €250 | €110 | €180 | ▲ 63.8% |
| Recurring financial charges65 | €2k | €4k | €250 | €110 | €180 | ▲ 63.8% |
| Profit (loss) for the period before taxes9903 | €255 | €-113k | €88k | €79k | €22k | ▼ 72.6% |
| Income taxes67/77 | - | - | - | €9k | €6k | ▼ 37.4% |
| Profit (loss) for the period9904 | €255 | €-113k | €88k | €69k | €16k | ▼ 77.3% |
| Profit (loss) for the period to be appropriated9905 | €255 | €-113k | €88k | €69k | €16k | ▼ 77.3% |
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €45k | €27k | €63k | €63k | €70k | ▲ 11.1% |
| Fixed assets21/28 | - | - | - | €1k | €735 | ▼ 40.0% |
| Tangible fixed assets22/27 | - | - | - | €1k | €735 | ▼ 40.0% |
| Plant, machinery and equipment23 | - | - | - | €1k | €735 | ▼ 40.0% |
| Current assets29/58 | €45k | €27k | €63k | €61k | €69k | ▲ 12.2% |
| Stocks and contracts in progress3 | - | - | - | €4k | €0 | ▼ 100% |
| Stocks30/36 | - | - | - | €4k | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €13k | €26k | €61k | €8k | €0 | ▼ 100% |
| Trade receivables40 | - | €8k | €61k | €8k | €0 | ▼ 100% |
| Other amounts receivable41 | - | €19k | €0 | €86 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €32k | €1k | €2k | €50k | €69k | ▲ 37.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €45k | €27k | €63k | €63k | €70k | ▲ 11.1% |
| Equity10/15 | €1k | €-111k | €-24k | €46k | €36k | ▼ 20.3% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €500 | €500 | €500 | €500 | €500 | = |
| Distributable reserves133 | - | €500 | €500 | €500 | €500 | = |
| Profit (loss) carried forward14 | €-18k | €-130k | €-43k | €27k | €17k | ▼ 34.8% |
| Amounts payable17/49 | €44k | €139k | €87k | €17k | €33k | ▲ 95.6% |
| Amounts payable within one year42/48 | €44k | €139k | €87k | €17k | €33k | ▲ 95.6% |
| Trade debts44 | €26k | €13k | €21k | €8k | €2k | ▼ 75.8% |
| Suppliers440/4 | - | €13k | €21k | €8k | €2k | ▼ 75.8% |
| Taxes, remuneration and social security45 | - | €0 | €6k | €9k | €6k | ▼ 32.1% |
| Taxes450/3 | - | €0 | €6k | €9k | €6k | ▼ 32.1% |
| Other amounts payable47/48 | - | €126k | €60k | €0 | €25k | - |
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €255 | €-113k | €88k | €69k | €16k | ▼ 77.3% |
| + Depreciation and write-downs630 | - | - | - | €247 | €491 | ▲ 98.9% |
| Operating cash flow (approximation) | €255 | €-113k | €88k | €70k | €16k | ▼ 76.7% |
| Investment in fixed assets (approximation) | - | - | - | - | €0 | - |
| Change in cash | - | - | €1k | €48k | €19k | ▼ 61.2% |
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
2025
29-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
09-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-09
Financial
Liquidity times 5current ratio 3.62
Current ratio from 0.73 to 3.62; short-term debt falls from €87k to €17k.
04-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Back to profitnet €88k
Net result €88k after one loss-making year.
27-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Weakest financial yearnet €-113k
Net result drops to €-113k, the lowest in the series; recovery starts the following year.
2021
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €255
Net result €255 after 2 loss-making years.
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
13-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
05-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
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, Antwerpen · 1 establishment unit since 2014
Ground area
5,858 m²
Building footprint
2,600 m²
Volume, LiDAR
44,433 m³
Parcel 11806F1320/00W010, Flanders · tallest building 31.1 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Flanders Packaging
since 20142.232.865.566
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11806F1320/00W010 | Flanders | 5,858 m² | 1 · 2,600 m² | 31.1 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
BANDALI CONSULTING
BE 0781.531.473
Waterloo · Eq €36,385
Raider Management
BE 1003.811.725
Brasschaat · Eq €36,391
BUREAU CONSEIL EMILE BERNARD
BE 0898.940.471
Watermaal-Bosvoorde · Eq €36,395
YUMANITY
BE 1019.002.222
Rixensart · Eq €36,395
Ekiliber
BE 0799.922.079
Erpe-Mere · Eq €36,376
Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 35,984 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded14-07-2014
Fiscal year end30-09
Activities, NACEBEL 2025
70200Business and other management consultancy
17210Manufacture of paper and paper products
46493Wholesale trade
46900Non-specialised wholesale trade
47789Other retail sale of new goods
82920Office administrative, office support and other business support activities
82990Other business support services
Contact
E-mail
bernard.verbrugge@gmail.comAntwerpen
Phone
0485/630341Antwerpen
Scores and ratios are computed by Checked and are not a credit decision.