Skip to content

Greif Packaging Belgium

Active
Private limited companyfounded 1968active for 58 yearsIndustrieweg 20, 9032 Gent, BelgiumKBO/BCE: BE 0402.934.832
Summary

The computed 12-month bankruptcy probability of Greif Packaging Belgium is 4.8% (elevated). The 2025 annual accounts show negative equity (-€1.1m) and a net result of -€104,769. Equity is growing by about 2.9% per year across the filed financial years. Its solvency ranks better than 5% of 5,674 sector peers (NACE 68, financial year 2025). The company has been active since 1968 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Renting and operating of own or leased residential real estate, excluding social housing
NACE 68201
1 site
Size
€200,284operating revenue 2025
Equity
-€1.1m
Loss
-€104,769
Financial health
34 Weak Checked score 2025
Bankruptcy probabilitywithin 12 months
4.8%
Structure
Parent
Greif Inc
Auditor: BDO Bedrijfsrevisoren bvAccounts filed 152 days late3 of 26 deeds read
Why 34raises riskLatest accounts 152 days late; 2 of the last 3 lateLoss of €104,769 (financial year 2025)Liquidity: current ratio 0.06lowers riskSize: turnover €7,784, total assets €130,918Show the evidence

Checked score

Score 2025
34 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 3% of its sector peers (NACE 68, micro)
Financial strength · tick = 2023
Weak
Solvency 0=
equity -810.2% of total assets
Liquidity 0-28
short-term debt 344.2%
Profitability 0-95
return on assets -80.0%
Bankruptcy probability, 12 months
4.8% Elevated
0%0.5%1.5%4%10%≥ 25%

About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (26,566 companies, NACE 68, micro)
Last 24 months 11-2024: 0.3% 12-2024: 0.3%● unchanged vs 11-2024 01-2025: 0.3%● unchanged vs 12-2024 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025lowest value 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.4%▲ +0.1 percentage points vs 05-2025 07-2025: 0.4%● unchanged vs 06-2025 08-2025: 0.5%▲ +0.1 percentage points vs 07-2025 09-2025: 0.6%▲ +0.1 percentage points vs 08-2025 10-2025: 0.7%▲ +0.1 percentage points vs 09-2025 11-2025: 1.4%▲ +0.7 percentage points vs 10-2025 12-2025: 1.4%● unchanged vs 11-2025 01-2026: 1.4%● unchanged vs 12-2025 02-2026: 1.3%▼ -0.1 percentage points vs 01-2026 03-2026: 1.3%● unchanged vs 02-2026 04-2026: 1.3%● unchanged vs 03-2026 05-2026: 1.3%● unchanged vs 04-2026 06-2026: 1.6%▲ +0.3 percentage points vs 05-2026 07-2026: 1.6%● unchanged vs 06-2026 08-2026: 1.6%● unchanged vs 07-2026 09-2026: 1.6%● unchanged vs 08-2026 10-2026: 4.8%▲ +3.2 percentage points vs 09-2026highest value
No credit on open account
Liquidity insufficient (current ratio 0.06, compared with 0.24 in 2023, below 1; short-term debt: 344.2% of total assets), and equity is negative.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro): better than 5% on solvency, 0% on liquidity and 4% on profitability.

The bankruptcy probability was computed on 14-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Six signals.
lowers riskraises risk
raises risk · Latest accounts 152 days late; 2 of the last 3 late
NBB · filings
raises risk · Loss of €104,769 (financial year 2025)
NBB · annual accounts
lowers risk · Size: turnover €7,784, total assets €130,918
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 0.06
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
18192021222325
2018 to 2025 · latest year -€1.1m
raises risk · Filed more than 90 days late
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-09-2026, 152 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 10 filings
Deviation from the deadline
2025
152 days late
2024
31 days late
2023
51 days early
2022
33 days late
2021
1 day late
2020
5 days early
2019
16 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 21 days after the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Appointments: Michael Taylor (director) and Marco…Resignations: Bob Leysen (director) and…
  3. Resignation: Deloitte Bedrijfsrevisoren BV (statutory auditor)Appointment: BDO bedrijfsrevisoren BV (statutory…

Key points

  • Risk: Negative equityfinancial year 2025: debts exceed assets -€1.1m View
  • Caution: Among the weakest 5% on solvencysector median 38.5% · 5,674 companies -810.2% View
  • Caution: Board changedlatest change 15-04-2026 · 2 in office 2 joined · 2 left View
  • Caution: Latest accounts filed lateafter the legal deadline 152 days View
  • Controlled by Greif Inc parent View
  • Active since 1968founded 01-01-1968 58 years View

By topic

Financials

Financial year
2025
Turnover
€7,784
Loss
-€104,769
Solvency
-810.2%
Turnover▼ 92.8%
Net result
20182025
Go to Financials

Board & ownership

Board
2 members
Parent
Greif Inc
Auditor
BDO Bedrijfsrevisoren bv
  • Marco KraetzDirector
  • Michael TaylorDirector
Go to Board & ownership

Timeline

Events
59
Since
1978
  1. 30-09-2025Weakest financial year
  2. 26-09-2025Resignation: LE YSEN Andreas (director)
  3. 01-07-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Renting and operating of own or leased residential…NACE 68201
Founded
01-01-1968
Year ends
30-09
Peppol
Reachable for e-invoices
Go to Company details

Go further with this company

Your own company? See how customers, suppliers and banks see it and what to improve first.

Investigating this company? Keep it with today's facts in a case file.