FOURNIPAC
ActiveSummary
FOURNIPAC has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €335,681 and a net result of -€228,155. Equity is shrinking by ~14.7% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 12% of 469 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
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Signals
This company filed its last 7 accounts on average 44 days before the deadline; the sector median for financial year 2024 is 24 days before the deadline, and 25% of the sector filed late.
Checked, nothing found (2)
History
On 14 December 1995, FOURNIPAC was incorporated.1 The registered office moved to Andenne in 2010 and to Seilles in 2024.23 Of the 15 current board members, Monsieur Gérard Nahon has served longest, since 2011.4 Revenue went from EUR 3.2 million in 2018 to EUR 3.7 million in 2025 and headcount from 105 to 95 full-time equivalents.5
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Financials · fiscal year 2025, full schema
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 88, Social work activities without accommodation, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
- 2024 Net result +67% on 2023. The accounts now follow the full schema, last year the abbreviated schema.
- 2023 Net result -77% on 2022. The accounts now follow the abbreviated schema, last year the full schema.
Peer companies
Historical observationOf the 370 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 97% are still going.
- Medium-sized
- 20 years or older
- solvency 10 to 30%
- a small loss
For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 370 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €3.7m | €3.6m | €4.0m | €3.9m | €3.7m | ▼ 4.5% |
| Non-recurring operating income76A | €790 | €3,086 | €4,457 | €0 | €193,261 | - |
| Goods, raw materials, services and sundry goods60/61 | €420,210 | €506,327 | €576,790 | €576,768 | €642,610 | ▲ 11.4% |
| Remuneration, social security and pensions62 | €2.8m | €3.0m | €3.6m | €3.2m | €2.9m | ▼ 9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €279,814 | €326,712 | €317,633 | €276,127 | €247,942 | ▼ 10.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€2,260 | -€4,909 | - | €6,294 | -€10,193 | ▼ 262% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €16,680 | €7,696 | -€15,206 | -€9,170 | €150,000 | ▲ 1,736% |
| Other operating charges640/8 | €3,269 | €3,279 | €16,293 | €7,639 | €9,240 | ▲ 21.0% |
| Non-recurring operating charges66A | €2,015 | €46,840 | €88,590 | €18,493 | €13,821 | ▼ 25.3% |
| Gross operating margin9900 | €3.3m | €3.1m | €3.5m | €3.3m | €3.1m | ▼ 7.2% |
| Operating profit (loss)9901 | €105,519 | -€354,349 | -€572,867 | -€179,102 | -€212,766 | ▼ 18.8% |
| Financial income75/76B | €74,872 | €72,628 | €64,467 | €57,755 | €53,833 | ▼ 6.8% |
| Recurring financial income75 | €74,872 | €72,628 | €64,467 | €57,755 | €53,833 | ▼ 6.8% |
| Financial charges65/66B | €31,455 | €35,758 | €55,410 | €60,017 | €67,123 | ▲ 11.8% |
| Recurring financial charges65 | €31,455 | €35,758 | €55,410 | €60,017 | €67,123 | ▲ 11.8% |
| Profit (loss) for the period before taxes9903 | €148,936 | -€317,479 | -€563,810 | -€181,364 | -€226,056 | ▼ 24.6% |
| Income taxes67/77 | €230 | €420 | - | €4,015 | €2,099 | ▼ 47.7% |
| Profit (loss) for the period9904 | €148,706 | -€317,899 | -€563,810 | -€185,379 | -€228,155 | ▼ 23.1% |
| Profit (loss) for the period to be appropriated9905 | €148,706 | -€317,899 | -€563,810 | -€185,379 | -€228,155 | ▼ 23.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.4m | €3.2m | €2.8m | €2.8m | €3.0m | ▲ 9.4% |
| Fixed assets21/28 | €2.2m | €2.2m | €2.0m | €1.7m | €1.5m | ▼ 13.7% |
| Tangible fixed assets22/27 | €2.2m | €2.2m | €2.0m | €1.7m | €1.5m | ▼ 13.3% |
| Land and buildings22 | €2.1m | €1.9m | €1.7m | €1.6m | €1.4m | ▼ 9.9% |
| Plant, machinery and equipment23 | €157,613 | €170,783 | €147,802 | €101,266 | €68,969 | ▼ 31.9% |
| Furniture and vehicles24 | €8,451 | €156,152 | €115,197 | €74,242 | €31,105 | ▼ 58.1% |
| Leasing and similar rights25 | - | €0 | - | - | - | - |
| Financial fixed assets28 | €8,168 | €8,168 | €8,318 | €8,318 | €0 | ▼ 100% |
| Current assets29/58 | €1.1m | €953,224 | €782,870 | €1.0m | €1.5m | ▲ 47.6% |
| Stocks and contracts in progress3 | €8,300 | €10,220 | €19,366 | €11,705 | €7,002 | ▼ 40.2% |
| Stocks30/36 | €8,300 | €10,220 | €19,366 | €11,705 | €7,002 | ▼ 40.2% |
| Amounts receivable within one year40/41 | €769,759 | €719,193 | €515,166 | €532,529 | €699,997 | ▲ 31.4% |
| Trade receivables40 | €513,809 | €670,556 | €456,465 | €443,787 | €688,481 | ▲ 55.1% |
| Other amounts receivable41 | €255,950 | €48,637 | €58,701 | €88,742 | €11,516 | ▼ 87.0% |
| Cash at bank and in hand54/58 | €330,335 | €195,060 | €209,943 | €477,066 | €832,405 | ▲ 74.5% |
| Deferred charges and accrued income490/1 | €13,766 | €28,751 | €38,395 | €27,725 | €8,664 | ▼ 68.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.4m | €3.2m | €2.8m | €2.8m | €3.0m | ▲ 9.4% |
| Equity10/15 | €1.9m | €1.5m | €856,616 | €614,369 | €335,681 | ▼ 45.4% |
| Contributions10/11 | €546,740 | €546,715 | €546,740 | €546,640 | €545,890 | ▼ 0.1% |
| Capital10 | €546,740 | €546,715 | - | - | - | - |
| Issued capital100 | €546,740 | €546,715 | - | - | - | - |
| Reserves13 | €54,671 | €54,671 | €54,671 | €54,671 | €54,671 | = |
| Non-distributable reserves130/1 | €54,671 | €54,671 | - | - | - | - |
| Legal reserve130 | €54,671 | €54,671 | - | - | - | - |
| Distributable reserves133 | - | - | €54,671 | €54,671 | €54,671 | = |
| Profit (loss) carried forward14 | €625,394 | €307,495 | -€256,315 | -€441,694 | -€669,849 | ▼ 51.7% |
| Investment grants15 | €645,794 | €575,691 | €511,520 | €454,752 | €404,969 | ▼ 10.9% |
| Provisions and deferred taxes16 | €16,680 | €24,376 | €9,170 | - | €150,000 | - |
| Provisions for liabilities and charges160/5 | €16,680 | €24,376 | €9,170 | - | €150,000 | - |
| Other liabilities and charges164/5 | €16,680 | €24,376 | €9,170 | - | €150,000 | - |
| Amounts payable17/49 | €1.5m | €1.7m | €1.9m | €2.2m | €2.6m | ▲ 18.0% |
| Amounts payable after more than one year17 | €432,945 | €348,029 | €651,432 | €528,632 | €188,374 | ▼ 64.4% |
| Financial debts170/4 | €432,945 | €348,029 | €247,284 | €108,058 | €188,374 | ▲ 74.3% |
| Other amounts payable178/9 | - | - | €404,148 | €420,574 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €1.0m | €968,888 | €1.3m | €1.3m | €1.5m | ▲ 16.5% |
| Current portion of amounts payable after more than one year42 | €214,987 | €216,191 | €187,697 | €236,439 | €115,065 | ▼ 51.3% |
| Financial debts43 | €125,000 | €0 | €125,000 | €125,000 | €212,956 | ▲ 70.4% |
| Credit institutions430/8 | €125,000 | €0 | €125,000 | €125,000 | €212,956 | ▲ 70.4% |
| Trade debts44 | €64,121 | €176,887 | €336,370 | €344,845 | €316,669 | ▼ 8.2% |
| Suppliers440/4 | €64,121 | €176,887 | €336,370 | €344,845 | €316,669 | ▼ 8.2% |
| Advances received on contracts in progress46 | - | €0 | - | - | - | - |
| Taxes, remuneration and social security45 | €639,290 | €574,820 | €606,249 | €597,420 | €467,319 | ▼ 21.8% |
| Taxes450/3 | €92,591 | €59,791 | €44,333 | €59,693 | €61,269 | ▲ 2.6% |
| Remuneration and social security454/9 | €546,699 | €515,029 | €561,916 | €537,727 | €406,050 | ▼ 24.5% |
| Other amounts payable47/48 | €990 | €990 | €727 | €727 | €407,408 | ▲ 55,940% |
| Accrued charges and deferred income492/3 | €503 | €343,138 | €698 | €336,329 | €851,807 | ▲ 153% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €148,706 | -€317,899 | -€563,810 | -€185,379 | -€228,155 | ▼ 23.1% |
| + Depreciation and write-downs630 | €279,814 | €326,712 | €317,633 | €276,127 | €247,942 | ▼ 10.2% |
| Operating cash flow (approximation) | €428,520 | €8,813 | -€246,177 | €90,748 | €19,787 | ▼ 78.2% |
| Investment in fixed assets (approximation) | - | -€297,536 | -€92,943 | -€19,774 | -€10,417 | ▲ 47.3% |
| Change in cash | - | -€135,275 | €14,883 | €267,123 | €355,339 | ▲ 33.0% |
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
16-09
State Gazette act
Reappointment: Jarek CZERWICZE (director)Appointments: Anne AVAUX, Michel BIZAC and 8 others · Resignations: Vera MARTENS, Renaud SUINEN and 2 others16 facts ▸
- General meeting, 17-06-2025
- Director reappointment, Jarek CZERWICZE (director)
- Director appointment, Anne AVAUX (director)
- Director appointment, Michel BIZAC (director)
- Director appointment, François DAVREUX (director)
- Director appointment, Murielle DUROY (director)
- Director appointment, Pierre GUSTIN (director)
- Director appointment, Dominique LOROY (director)
- Director appointment, Charles MELOT (director)
- Director appointment, Michel POOT BAUDIER (director)
- Director appointment, Laurence SOETENS (director)
- Director resignation, Vera MARTENS (director)
- +4 further facts in this act
17-12
State Gazette act
Resignation: Laurent Lambeets (fonction de direction)Appointment: Jarek Czerwice (day-to-day manager)3 facts ▸
- Board meeting, 06-09-2024
- Director resignation, Laurent Lambeets (fonction de direction)
- Director appointment, Jarek Czerwice (day-to-day manager)
17-04
State Gazette act
Statutes amendment · Legal-form changeLegal-form conversion · Registered-office move · Capital structure4 facts ▸
- Legal-form conversion, Société coopérative agréée comme entreprise sociale
- Registered-office move, Rue du Géron, 14, 5300 Seilles
- Statutes amendment
- Capital structure, Deux classes d'actions d'une valeur nominale de 25,00 € : actions d'actionnaires coopérateurs et actions d'actionnaires travailleurs
18-07
State Gazette act
Appointment: Renaud SUINEN (director)Reappointments: Gérard Nahon (chair of the board) and F.C.G Réviseurs d'entreprises scrl (commissaire aux comptes) · Permanent representative: Nicolas Butacide5 facts ▸
- General meeting, 27-04-2023
- Director appointment, Renaud SUINEN (director)
- Director reappointment, Gérard Nahon (chair of the board)
- Auditor reappointment, F.C.G Réviseurs d'entreprises scrl (commissaire aux comptes)
- Permanent representative, Nicolas Butacide
29-06
State Gazette act
Resignation: Bauduin FRANCOIS (director)2 facts ▸
- General meeting, 21-04-2022
- Director resignation, Bauduin FRANCOIS (director)
Show earlier events
02-09
State Gazette act
Appointment: François Devenijn (director)Resignation: Jehanne De Monge (director)3 facts ▸
- General meeting, 29-04-2021
- Director appointment, François Devenijn (director)
- Director resignation, Jehanne De Monge (director)
04-05
State Gazette act
Reappointments: Jehanne De Monge (director) and F.C.G Réviseurs d'entreprises scri (commissaire aux comptes)3 facts ▸
- General meeting, 08-07-2020
- Director reappointment, Jehanne De Monge (director)
- Auditor reappointment, F.C.G Réviseurs d'entreprises scri (commissaire aux comptes)
27-11
State Gazette act
Reappointment: Gérard Nahon (chair of the board)2 facts ▸
- General meeting, 27-04-2017
- Director reappointment, Gérard Nahon (chair of the board)
29-10
State Gazette act
Reappointment: Jean-Paul Delbrouck (director)Appointments: Vera Martens, Jarek Czerwice and 3 others · Resignations: Paul De Groote, Elias Danielle and 2 others13 facts ▸
- General meeting, 26/04/2019
- Director reappointment, Jean-Paul Delbrouck (director)
- Director appointment, Vera Martens (director)
- Director appointment, Jarek Czerwice (director)
- Director appointment, André-Marie Reuliaux (director)
- Director resignation, Paul De Groote (director)
- Director resignation, Elias Danielle (direction)
- Director appointment, Lambeets Laurent (direction)
- Board meeting, 23/05/2019
- Director appointment, François Bauduin (treasurer)
- Board meeting, 19/09/2019
- Director resignation, Jean-Paul Delbrouck (director)
- +1 further facts in this act
26-09
State Gazette act
Reappointment: Gérard NAHON (director)2 facts ▸
- General meeting, 27-04-2017
- Director reappointment, Gérard NAHON (director)
01-06
State Gazette act
Appointments: Bauduin FRANCOIS, Brigitte WERGIFOSSE and F.C.G Réviseurs d'entreprises scriResignation: Geoffroy LATERRE (director) · Permanent representative: Guy CHAINIAUX6 facts ▸
- General meeting, 27-04-2017
- Director appointment, Bauduin FRANCOIS (director)
- Director appointment, Brigitte WERGIFOSSE (director)
- Director resignation, Geoffroy LATERRE (director)
- Auditor appointment, F.C.G Réviseurs d'entreprises scri (commissaire aux comptes)
- Permanent representative, Guy CHAINIAUX
06-08
State Gazette act
Appointments: Jehanne De Monge (director) and Geoffroy Laterre (director)3 facts ▸
- General meeting, 14-05-2014
- Director appointment, Jehanne De Monge (director)
- Director appointment, Geoffroy Laterre (director)
16-09
State Gazette act
Appointments: Paul De Groote (director) and Jean-Paul Delbrouck (director)Resignations: Pol Beguin, René Cambier and 5 others10 facts ▸
- General meeting, 23-05-2013
- Director appointment, Paul De Groote (director)
- Director appointment, Jean-Paul Delbrouck (director)
- Director resignation, Pol Beguin (director)
- Director resignation, René Cambier (director)
- Director resignation, Pierre Druart (director)
- Director resignation, Freddy Ferraro (director)
- Director resignation, François Pasquasy (director)
- Director resignation, Xavier Louveaux (director)
- Director resignation, Roger Mommer (director)
11-05
State Gazette act
Appointment: NAHON Gérard (director)2 facts ▸
- General meeting, 18-05-2011
- Director appointment, NAHON Gérard (director)
21-04
State Gazette act
Registered officeRegistered-office move2 facts ▸
- General meeting, 03/02/2010
- Registered-office move, rue du Géron 14 5300 Andenne/Seilles
10-05
State Gazette act
Capital & shares · Statutes amendment2 facts ▸
- General meeting, 24-03-2004
- Statutes amendment
About the unread acts
Of the 17 Belgian State Gazette acts we know for this company, 16 have been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
Board 13
Show all 13 directors
3 not recently confirmed
Day-to-day management 1
Statutory auditor 1
Other functions 1
Not every act has been read: a resignation may be missing here
2 establishment units
2 parcels
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92411D0076/00N000 | Wallonia | 6,017 m² | 1 · 2,550 m² | - |
| 92113E0439/00T000 | Wallonia | 1,580 m² | 1 · 115 m² | - |
Linked by address, not proof of ownership
Mandate history
- Board
- Day-to-day management
- Statutory auditor
- Other function
- not recently confirmed
- began earlier
| Name | Functions and periods |
|---|---|
| Monsieur Gérard Nahon |
|
| Jehanne De Monge |
|
| Jarek Czerwice |
|
| François Devenijn |
|
| Anne AVAUX |
|
| Charles MELOT |
|
| Dominique LOROY |
|
| François DAVREUX |
|
| Jarek CZERWICZE |
|
| Laurence SOETENS |
|
| Michel BIZAC |
|
| Michel POOT BAUDIER |
|
| Murielle DUROY |
|
| Pierre GUSTIN |
|
| SCRL F.C.G. Réviseurs d'entreprises |
|
| Maxime Goffinet |
|
| Jean-Paul Delbrouck |
|
| André-Marie Reuliaux |
|
| Anfré-Marie REULIAUX |
|
| Renaud SUINEN |
|
| Vera MARTENS |
|
| Laurent Lambeets |
|
| SINIO |
|
| Bauduin FRANCOIS |
|
| Brigitte Wergifosse |
|
| Elias Danielle |
|
| Paul De Groote |
|
| Geoffroy LATERRE |
|
| François Pasquasy |
|
| Freddy Ferraro |
|
| Pierre Druart |
|
| Pol Beguin |
|
| René Cambier |
|
| Roger Mommer |
|
| Xavier Louveaux |
|
Articles of association
Full purpose
La société a pour objet de manière générale la fabrication, le conditionnement et la commercialisation de produits alimentaires et non alimentaires sur site interne ou externe. ... La société a pour but, en dehors de toute appartenance religieuse, philosophique ou politique, de : - créer, organiser, construire des entreprises de travail adapté, pour adultes des deux sexes, ou aménager' des constructions existantes, et gérer ces établissements, - soutenir et représenter les intérêts des handicapés travaillant en entrepose de travail adapté ou sous contrat avec des firmes externes collaborant avec des entreprises de travail adapté (quelle que soit la nature de, leur handicap) ainsi que ceux de leurs familles ; - rechercher, promouvoir, diffuser, soutenir et organiser tout ce qui est susceptible d'améliorer leur développement physique, mental, relationnel, ainsi que leurs conditions de vie, et de parvenir ainsi à une meilleure intégration sociale ; - procurer un travail rémunéré aux ouvriers handicapés, en rapport avec leurs capacités et selon les débouchés du marché, en accord avec les règlements du travail, (tant régionaux, que nationaux ou européens), notamment en ce qui concerne l'hygiène, la sécurité, les taux de rémunération et avantages sociaux ; - construire, restaurer, adapter et aménager des logements sociaux destinés aux travailleurs handicapés ainsi qu'à leurs familles, ou encore leur procurer, dans la mesure du possible, ou les aider à trouver, un logement décent à loyer raisonnable ; - veiller à leur santé tant physique que mentale, leur procurer une tutelle dans la gestion de leurs biens et les aider dans les démarches administratives ; - faire des opérations accessoires se rattachant directement ou indirectement aux buts poursuivis.
Structure & network
Connections & network
15 connected companiesShow 11 more companies with a shared director
Recognitions · licences · registrations
Food safety, FASFC
1 siteSimilar companies · same sector, comparable size
Identification & contact
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.