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FRUPACK BENELUX

Active
Private limited companyfounded 20214 yrs activeRijksweg(BOR) 16, 2880 Bornem, BelgiumKBO/BCE: BE 0778.408.469
Summary

The computed 12-month bankruptcy probability of FRUPACK BENELUX is 1.9% (moderate). The annual accounts of FRUPACK BENELUX for fiscal year 2025 show a net loss of 90% of the equity at the start of that year. The 2025 annual accounts show equity of €49,816 and a net result of -€446,706. Equity is shrinking by ~40.4% per year across the filed fiscal years. Its solvency ranks better than 14% of 8190 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability0▼-57
Solvency29▼-11
Growth32▼-46
Track record94
Bankruptcy probability, 12 months
1.9% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.04 against 1.19 in 2024; short-term debt: 96% and cash: 4.1% of total assets), and 96.1% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
3.9%
Return on assets
-35.3%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 8190 sector peers (2025).
NBB · sector comparison
Position among 8190 sector peers
Solvency
better than 14%
← weakest strongest →
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 05-01-2026, 26 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
26 d early
2024
59 d early
2023
5 d late
2022
35 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 29 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

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. Usually files around 1 January (3 of the last 4 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-06-2026 close30-09-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

FRUPACK BENELUX was incorporated on 9 December 2021 as a Private limited company.1 Total assets went from EUR 1.4 million in 2022 to EUR 1.3 million in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€49,816▼ 90.0%
2024 · €496,522
Total assets
€1.3m▼ 62.3%
2024 · €3.4m
Net result
-€446,706
2024 · €319,600
Working capital
€44,802▼ 91.7%
2024 · €539,814
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.

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 46, Wholesale trade, 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).

Every figure with its change against the fiscal year before
favourable unfavourable
Line2022202320242025
Operating result-€223,204--€73,623▲ 67.0%€463,956-€341,369
Net result-€219,929below the sector's middle half--€103,149below the sector's middle half▲ 53.1%€319,600above the sector's middle half-€446,706below the sector's middle half
Equity€280,071above the sector's middle half-€176,922within the sector's middle half▼ 36.8%€496,522within the sector's middle half▲ 181%€49,816below the sector's middle half▼ 90.0%
Total assets€1.4mabove the sector's middle half-€988,637within the sector's middle half▼ 28.6%€3.4mabove the sector's middle half▲ 239%€1.3mwithin the sector's middle half▼ 62.3%
Debt€1.1m-€811,715▼ 26.6%€2.9m▲ 252%€1.2m▼ 57.5%
Working capital€353,241above the sector's middle half-€179,712within the sector's middle half▼ 49.1%€539,814within the sector's middle half▲ 200%€44,802within the sector's middle half▼ 91.7%
Solvency20.2%within the sector's middle half-17.9%below the sector's middle half▼ 2.3pp14.8%below the sector's middle half▼ 3.1pp3.9%below the sector's middle half▼ 10.9pp
Current ratio1.34within the sector's middle half-1.22within the sector's middle half▼ 0.121.19within the sector's middle half▼ 0.031.04below the sector's middle half▼ 0.16
Return on assets (ROA)-15.9%below the sector's middle half--10.4%below the sector's middle half▲ 5.4pp9.5%within the sector's middle half▲ 20.0pp-35.3%below the sector's middle half▼ 44.8pp
Staff (FTE)0below the sector's middle half1within the sector's middle half1within the sector's middle half=
above within below the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
  • 2023 Net result +53% on 2022. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
-€500,000-€250,000€0€250,000€500,000Operating result 2022: -€223,204-€223,204Net result 2022: -€219,929-€219,929Operating result 2023: -€73,623-€73,623Net result 2023: -€103,149-€103,149Operating result 2024: €463,956€463,956Net result 2024: €319,600€319,600Operating result 2025: -€341,369-€341,369Net result 2025: -€446,706-€446,7062022202320242025-€500,000-€250,000€0€250,000€500,000Operating result 2023: -€73,623-€73,600Net result 2023: -€103,149-€103,000Operating result 2024: €463,956€464,000Net result 2024: €319,600€320,000Operating result 2025: -€341,369-€341,000Net result 2025: -€446,706-€447,000202320242025
The operating result turns negative in 2025: a loss of €341,369 after €463,956 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.3m
Fixed assets €6,394 ▼ 28.0%
Current assets €1.3m ▼ 62.4%
Equity and liabilities €1.3m
Equity €49,816 ▼ 90.0%
Debt €1.2m ▼ 57.5%
Debt's share of the balance-sheet total rises from 85.2% to 96.1%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€338,886▼
2024 · €465,635
Cash flow
-€444,222▼
2024 · €321,278
Quick ratio
0.58▼
2024 · 0.66
Debt to equity
24.40▲
2024 · 5.76
ROE
-896.7%▼
2024 · 64.4%
Interest coverage
-3.27▼
2024 · 3.21
Debt ≤ 1 year
€1.2m▼
2024 · €2.8m
Income taxes
€1,679▼
2024 · €1,814
Staff costs
€184,612▲
2024 · €155,957
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 757 companies that looked in July 2024 the way this one looks now, 7.9% went bankrupt within 24 months and 87% are still going.

  • Micro
  • 2 to 5 years old
  • solvency under 10%
  • a loss of 10% of the balance sheet or more
7.9% went bankrupt
4.8% stopped otherwise
87% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.9% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 757 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet Code20242025
Assets
Total assets20/58€3.4m€1.3m▼
Fixed assets21/28€8,878€6,394▼
Intangible fixed assets21€2,300€1,764▼
Tangible fixed assets22/27€6,578€4,631▼
Plant, machinery and equipment23€1,945€1,015▼
Furniture and vehicles24€4,633€3,616▼
Financial fixed assets28€0-
Current assets29/58€3.3m€1.3m▼
Stocks and contracts in progress3€1.5m€554,649▼
Stocks30/36€1.5m€554,649▼
Amounts receivable within one year40/41€1.6m€651,536▼
Trade receivables40€1.2m€523,105▼
Other amounts receivable41€406,825€128,431▼
Cash at bank and in hand54/58€215,226€52,409▼
Deferred charges and accrued income490/1€2,345€337▼
Equity and liabilities
Total equity and liabilities10/49€3.4m€1.3m▼
Equity10/15€496,522€49,816▼
Contributions10/11€500,000€500,000=
Profit (loss) carried forward14-€3,478-€450,184▼
Amounts payable17/49€2.9m€1.2m▼
Amounts payable within one year42/48€2.8m€1.2m▼
Financial debts43€2.2m€880,000▼
Other loans439€2.2m€880,000▼
Trade debts44€584,777€316,432▼
Suppliers440/4€584,777€316,432▼
Taxes, remuneration and social security45€21,227€17,696▼
Taxes450/3€9,877€3,090▼
Remuneration and social security454/9€11,350€14,606▲
Accrued charges and deferred income492/3€52,170€1,380▼
Income statement Code20242025
Non-recurring operating income76A€5,000€0▼
Remuneration, social security and pensions62€155,957€184,612▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,678€2,483▲
Other operating charges640/8€687€1,026▲
Gross operating margin9900€622,278-€153,247▼
Operating profit (loss)9901€463,956-€341,369▼
Financial income75/76B€2,505€0▼
Recurring financial income75€2,505€0▼
Financial charges65/66B€145,048€103,658▼
Recurring financial charges65€145,048€103,658▼
Profit (loss) for the period before taxes9903€321,414-€445,027▼
Income taxes67/77€1,814€1,679▼
Profit (loss) for the period9904€319,600-€446,706▼
Profit (loss) for the period to be appropriated9905€319,600-€446,706▼
Appropriation of the result
Profit (loss) to be appropriated9906-€3,478-€450,184▼
Profit (loss) brought forward from the previous period14P-€323,078-€3,478▲
Social balance
Average headcount (FTE)90871.01.0=

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2022202320242025Change
Non-recurring operating income76A--€5,000€0▼ 100%
Remuneration, social security and pensions62--€155,957€184,612▲ 18.4%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,615€2,426€1,678€2,483▲ 48.0%
Other operating charges640/8€198€109€687€1,026▲ 49.4%
Gross operating margin9900-€220,391-€71,088€622,278-€153,247▼ 125%
Operating profit (loss)9901-€223,204-€73,623€463,956-€341,369▼ 174%
Financial income75/76B€5,430€724€2,505€0▼ 100%
Recurring financial income75€5,430€724€2,505€0▼ 100%
Financial charges65/66B€2,155€30,251€145,048€103,658▼ 28.5%
Recurring financial charges65€2,155€30,251€145,048€103,658▼ 28.5%
Profit (loss) for the period before taxes9903-€219,929-€103,149€321,414-€445,027▼ 238%
Income taxes67/77--€1,814€1,679▼ 7.5%
Profit (loss) for the period9904-€219,929-€103,149€319,600-€446,706▼ 240%
Profit (loss) for the period to be appropriated9905-€219,929-€103,149€319,600-€446,706▼ 240%
Line2022202320242025Change
Assets
Total assets20/58€1.4m€988,637€3.4m€1.3m▼ 62.3%
Formation expenses20€2,426€0---
Fixed assets21/28-€2,250€8,878€6,394▼ 28.0%
Intangible fixed assets21--€2,300€1,764▼ 23.3%
Tangible fixed assets22/27--€6,578€4,631▼ 29.6%
Plant, machinery and equipment23--€1,945€1,015▼ 47.8%
Furniture and vehicles24--€4,633€3,616▼ 21.9%
Financial fixed assets28-€2,250€0--
Current assets29/58€1.4m€986,387€3.3m€1.3m▼ 62.4%
Stocks and contracts in progress3€484,406€112,652€1.5m€554,649▼ 63.2%
Stocks30/36€484,406€112,652€1.5m€554,649▼ 63.2%
Amounts receivable within one year40/41€757,970€692,113€1.6m€651,536▼ 59.8%
Trade receivables40€558,984€549,013€1.2m€523,105▼ 57.0%
Other amounts receivable41€198,986€143,101€406,825€128,431▼ 68.4%
Cash at bank and in hand54/58€140,387€178,495€215,226€52,409▼ 75.6%
Deferred charges and accrued income490/1€96€3,127€2,345€337▼ 85.7%
Equity and liabilities
Total equity and liabilities10/49€1.4m€988,637€3.4m€1.3m▼ 62.3%
Equity10/15€280,071€176,922€496,522€49,816▼ 90.0%
Contributions10/11€500,000€500,000€500,000€500,000=
Profit (loss) carried forward14-€219,929-€323,078-€3,478-€450,184▼ 12,843%
Amounts payable17/49€1.1m€811,715€2.9m€1.2m▼ 57.5%
Amounts payable within one year42/48€1.0m€806,675€2.8m€1.2m▼ 56.7%
Financial debts43€1.0m€350,000€2.2m€880,000▼ 60.0%
Other loans439€1.0m€350,000€2.2m€880,000▼ 60.0%
Trade debts44€29,619€456,360€584,777€316,432▼ 45.9%
Suppliers440/4€29,619€456,360€584,777€316,432▼ 45.9%
Taxes, remuneration and social security45-€315€21,227€17,696▼ 16.6%
Taxes450/3-€315€9,877€3,090▼ 68.7%
Remuneration and social security454/9--€11,350€14,606▲ 28.7%
Accrued charges and deferred income492/3€75,596€5,040€52,170€1,380▼ 97.4%
Line2022202320242025Change
Profit (loss) for the period9904-€219,929-€103,149€319,600-€446,706▼ 240%
+ Depreciation and write-downs630€2,615€2,426€1,678€2,483▲ 48.0%
Operating cash flow (approximation)-€217,314-€100,723€321,278-€444,222▼ 238%
Investment in fixed assets (approximation)---€8,306€0▲ 100%
Change in cash-€38,108€36,731-€162,817▼ 543%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-01-2027
2026
05-01
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial Weakest financial yearnet -€446,706
Net result drops to -€446,706, the lowest in the series.
2024
03-12
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
30-06
Financial Back to profitnet €319,600
Net result €319,600 after 2 loss-making years.
30-06
Financial Equity above €200,000Eq €496,522 ▲181%
Equity rises from €176,922 to €496,522.
05-02
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema · 5 days late
2022
27-12
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Bornem · 1 establishment unit since 2021
seat establishment The establishment unit on the map
Ground area
8,327 m²
Building footprint
3,073 m²
Volume, LiDAR
8,803 m³
Parcel 12007C0461/00G000, Flanders · tallest building 13.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
FRUPACK BENELUX
Rijksweg(BOR) 16/B, 2880 BornemWholesale trade
since 20212.325.216.593
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
12007C0461/00G000 Flanders 8,327 m² 1 · 3,073 m² 13.1 m · 1 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.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. MLHolding GmbHDE 100%
  2. FRUPACK BENELUX

Highest known parent: MLHolding GmbH (Germany). The sources do not say who stands above it.

Owners 1

Holdings 0

The accounts to 30-06-2025 list no holdings, and no other source names one.

According to the annual accounts to 30-06-2025 of FRUPACK BENELUX and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 1,228 companies in this sector we hold annual accounts for 528. 191 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company details

Identification
Legal formPrivate limited company
Founded09-12-2021
Fiscal year end30-06
Activities, NACEBEL 2025
46851Wholesale of industrial chemicals
Contact
E-mail koen@frupack.beBornem
E-invoicing
Reachable via Peppol
Peppol ID 0208:0778408469
Also 9925:BE0778408469
Registered 05-01-2026

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.