Equity
-€18,725
Debts exceed assets in financial year 2025.
GTN Packaging
Lifetime
15 annual accounts with figures on one time axispeak €247,300 (2022)
€184,476▲ 16.0%
lowest -€380,336 (2019)
€166,901▲ 14.0%
peak €10,452 (2017)
-€18,725▲ €166,901
€219,600▼ 27.3%
peak 11 FTE (2019)
-not published
Board2 names since 2017
1 director
Documentsfilings and deeds
21-06-202640 days before the deadline
2025micro format
Gross margin from €159,022 to €184,476Equity from -€185,626 to -€18,725Debts from €301,949 to €219,600Cash from €115 to €11,875
Key points
from the 2025 annual accountsTurnover
≈ €540,000 estimated
The micro format states no turnover.
Debts
€219,600 109% of the balance sheet
Suppliers 90%Taxes and wages 2%Other 8%
Liquidity
0.86 was 0.31 in 2024
Short-term debts fell from €301,949 to €219,600.
Filings
15 annual accounts since 2011
Six of the last ten came late. The 2019 accounts came latest: 31 days after the end of the period.
Position in the sector
€166,901
Higher net result than 95% of companies in food and beverage service. Sector median €4,675 · 18,476 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 3,631 companies had the same profile as GTN Packaging has now. Each dot stands for 10 companies, two years later.
91.8%
were still trading
4.8%
stopped another way
2.9%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,631 companies, not a prediction for GTN Packaging. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0833708565
Reappointment: (director, formerly manager)
Legal-form conversion: from private limited company (pre-2019) to private limited company · General meeting of 23-05-2023 · Gazette deed
Company renamed from MIMA COMPANY to GTN Packaging
“Adviesbureau in het algemeen,zowel aan bedrijven als aan particulieren of overheden,onder meer maar niet…” (deed in Dutch) · General meeting of 19-04-2018 · Gazette deed
Registered office moved from Essen to Lommel
New registered office: Lodewijk De Raetstraat 6, 3920 LOMMEL · Previous registered office: Oude Baan100, 2910 Essen · Resignation: (manager) · General meeting of 23-02-2018 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| GTN Packaging Lommel | €200,875 | €184,476 | -9.3% | - |
| IL DESTINO Oudsbergen | €182,746 | €161,391 | -50.7% | - |
| KYOTO Mortsel | €217,376 | €175,801 | 27.1% | 3.9 |
| COSI Aarschot | €219,616 | €185,550 | 85.4% | - |
| FY.INTER Charleroi | €215,379 | €172,593 | -44.8% | - |
| MAYABEE Merchtem | €204,535 | €206,322 | -4.9% | 6.3 |
| BISTRO 19 Overijse | €188,187 | €205,702 | 37.2% | - |
These companies have the same main activity as GTN Packaging: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €183,000 and €220,000, founded between 2009 and 2011.
Official details
Source: KBO- Status
- Active since 07-02-2011Normal situation
- Activity
- Full-service restaurantsNACE 56111and 5 others
- Establishment unit
- 2.196.629.1383920 Lommel, since 14-02-2011
- Financial year end
- 31 December
- Peppol
- Reachable since 29-12-2025
Annual accounts 2025
- €200,875▲ 72.7%
- Filing
- Filed on 21-06-2026, 40 days before the end of the filing period
Insights on GTN Packaging
GTN Packaging files the micro format. That format states no turnover. The gross margin rose from -€2,169 in 2011 to €184,476 in 2025.
The balance sheet grew most from 2017 to 2019 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about GTN Packaging
- What is the company number of GTN Packaging?
- The company number of GTN Packaging is 0833.708.565. The VAT number is the same number with BE in front: BE 0833.708.565.
- Where is GTN Packaging based?
- The registered office is at Lodewijk De Raetstraat 6, 3920 Lommel.Company details
- What does GTN Packaging do?
- According to the KBO register, the main activity is full-service restaurants (NACE 56111).
- What is the legal form of GTN Packaging?
- GTN Packaging is a private limited company (BV).
- When was GTN Packaging founded?
- GTN Packaging was founded on 07-02-2011.
- Is GTN Packaging still active?
- Yes, GTN Packaging is an active enterprise in the KBO register.
- How many employees does GTN Packaging have?
- GTN Packaging had an average of 5.1 full-time equivalents in financial year 2020, according to the filed annual accounts.Financials
- What is the turnover of GTN Packaging?
- The turnover in financial year 2025 is ≈ €540,000. This figure is estimated from the gross margin of €184,476 and 87 comparable companies (NACE 56111). It probably lies between €450,000 and €650,000.
- Is GTN Packaging profitable?
- In financial year 2025, GTN Packaging made a profit of €166,901.
- Where can I find the annual accounts of GTN Packaging?
- GTN Packaging filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of GTN Packaging due?
- GTN Packaging must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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