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INCOPACK

Active
Public limited companyfounded 198738 yrs activeSiemenslaan 21, 3650 Dilsen-Stokkem, BelgiumKBO/BCE: BE 0432.863.488
Summary

INCOPACK has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €65.8m and a net result of €16.5m. Equity is growing by ~22% per year across the filed fiscal years. Its solvency ranks better than 86% of 647 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability87▲+6
Solvency100▲+9
Growth84▼-1
Track record100
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000,000 at 30 days acceptable
Liquidity ample (current ratio 4.71 against 2.85 in 2024; short-term debt: 13.6% and cash: 14.1% of total assets), and 22.9% of the assets are financed with debt.
Credit check for your own amount and term

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

Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
77.1%
Return on assets
19.3%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 38 years 0 40 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Manufacture of food products (NACE 10)
about 60% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-06-2026, 60 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
60 d early
2024
34 d early
2023
23 d early
2022
19 d early
2021
2 d late
2020
1 d early
2019
on the day
← 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 19 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 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

On 21 December 1987, INCOPACK was incorporated.1 INCOROCK was merged into the company in 2026.2 The company has filed 47 sets of annual accounts, the latest for fiscal year 2025.3

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 24-07-2026
  3. 3National Bank, annual accounts 2025

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Financials · fiscal year 2025, full schema

Turnover
€144.4m▲ 6.9%
2024 · €135.1m
EBIT margin
12.7%▲ 2.6pp
2024 · 10.1%
Net result
€16.5m▲ 57.4%
2024 · €10.5m
Working capital
€42.9m▲ 62.2%
2024 · €26.5m
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Turnover€66.2m▲ 23.6%€119.0m▲ 79.7%€127.9m▲ 7.5%€135.1m▲ 5.6%€144.4m▲ 6.9%
Operating result€2.8m▼ 56.8%€4.5m▲ 57.6%€20.7m▲ 361%€13.6m▼ 34.1%€18.3m▲ 34.9%
Net result€2.2mabove the sector's middle half▼ 58.7%€3.4mabove the sector's middle half▲ 56.7%€16.0mabove the sector's middle half▲ 371%€10.5mabove the sector's middle half▼ 34.5%€16.5mabove the sector's middle half▲ 57.4%
EBIT margin4.3%▼ 8.0pp3.8%▼ 0.5pp16.2%▲ 12.4pp10.1%▼ 6.1pp12.7%▲ 2.6pp
Equity€22.6mabove the sector's middle half▲ 5.5%€24.8mabove the sector's middle half▲ 9.7%€38.8mabove the sector's middle half▲ 56.6%€49.3mabove the sector's middle half▲ 27.0%€65.8mabove the sector's middle half▲ 33.5%
Total assets€55.2mabove the sector's middle half▲ 21.3%€63.1mabove the sector's middle half▲ 14.2%€66.5mabove the sector's middle half▲ 5.4%€74.2mabove the sector's middle half▲ 11.6%€85.4mabove the sector's middle half▲ 15.0%
Debt€32.6m▲ 35.5%€38.3m▲ 17.3%€27.5m▼ 28.1%€24.8m▼ 9.8%€19.4m▼ 21.7%
Working capital€1.9m€3.4m▲ 85.2%€16.3m▲ 373%€26.5m▲ 62.8%€42.9m▲ 62.2%
Solvency40.9%within the sector's middle half▼ 6.1pp39.3%within the sector's middle half▼ 1.6pp58.4%above the sector's middle half▲ 19.1pp66.4%above the sector's middle half▲ 8.1pp77.1%above the sector's middle half▲ 10.7pp
Staff (FTE)78.3above the sector's middle half▲ 6.7%101.2above the sector's middle half▲ 29.2%110.7above the sector's middle half▲ 9.4%115.6above the sector's middle half▲ 4.4%118.3above the sector's middle half▲ 2.3%
above within below the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
€0€10.0m€20.0mOperating result 2021: €2.8m€2.8mNet result 2021: €2.2m€2.2mOperating result 2022: €4.5m€4.5mNet result 2022: €3.4m€3.4mOperating result 2023: €20.7m€20.7mNet result 2023: €16.0m€16.0mOperating result 2024: €13.6m€13.6mNet result 2024: €10.5m€10.5mOperating result 2025: €18.3m€18.3mNet result 2025: €16.5m€16.5m20212022202320242025€0€10m€20mOperating result 2023: €20.7m€21mNet result 2023: €16.0m€16mOperating result 2024: €13.6m€14mNet result 2024: €10.5m€10mOperating result 2025: €18.3m€18mNet result 2025: €16.5m€17m202320242025
The operating result recovers in 2025; 2025 is 35% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €85.4m
Fixed assets €30.9m ▼ 7.8%
Current assets €54.5m ▲ 33.8%
Equity and liabilities €85.4m
Equity €65.8m ▲ 33.5%
Provisions €106,684 ▲ 30.7%
Debt €19.4m ▼ 21.7%
Debt's share of the balance-sheet total falls from 33.4% to 22.8%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€20.2m▲
2024 · €16.9m
Cash flow
€18.3m▲
2024 · €13.8m
Current ratio
4.71▲
2024 · 2.85
Quick ratio
4.26▲
2024 · 2.42
Debt to equity
0.30▼
2024 · 0.50
ROE
25.1%▲
2024 · 21.3%
ROA
19.3%▲
2024 · 14.1%
Interest coverage
199.92▲
2024 · 132.36
Debt ≤ 1 year
€11.6m▼
2024 · €14.3m
Debt > 1 year
€7.8m▼
2024 · €10.5m
Income taxes
€4.6m▲
2024 · €3.3m
Staff costs
€8.0m▲
2024 · €7.3m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,552 companies that looked in July 2024 the way this one looks now, 0.1% went bankrupt within 24 months and 97% are still going.

  • Medium-sized
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.1% went bankrupt
3.2% stopped otherwise
97% still going

For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

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 1,552 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 · 85 lines
Balance sheet Code20242025
Assets
Total assets20/58€74.2m€85.4m▲
Fixed assets21/28€33.5m€30.9m▼
Tangible fixed assets22/27€9.7m€9.8m▲
Land and buildings22€2.9m€2.8m▼
Plant, machinery and equipment23€4.1m€4.8m▲
Furniture and vehicles24€313,514€238,196▼
Leasing and similar rights25€2.4m€1.9m▼
Assets under construction and advance payments27-€78,520
Financial fixed assets28€23.7m€21.0m▼
Affiliated companies280/1€23.7m€21.0m▼
Participating interests280€23.7m€21.0m▼
Current assets29/58€40.7m€54.5m▲
Amounts receivable after more than one year29-€10.7m
Other amounts receivable291-€10.7m
Stocks and contracts in progress3€6.2m€5.2m▼
Stocks30/36€6.2m€5.2m▼
Raw materials and consumables30/31€3.3m€3.5m▲
Finished goods33€2.9m€1.8m▼
Amounts receivable within one year40/41€21.1m€26.2m▲
Trade receivables40€20.5m€20.6m▲
Other amounts receivable41€563,407€5.6m▲
Current investments50/53€81,678€106,745▲
Other investments51/53€81,678€106,745▲
Cash at bank and in hand54/58€13.2m€12.0m▼
Deferred charges and accrued income490/1€182,739€198,074▲
Equity and liabilities
Total equity and liabilities10/49€74.2m€85.4m▲
Equity10/15€49.3m€65.8m▲
Contributions10/11€2.5m€2.5m=
Capital10€2.5m€2.5m=
Issued capital100€2.5m€2.5m=
Reserves13€46.8m€63.3m▲
Non-distributable reserves130/1€247,900€247,900=
Legal reserve130€247,900€247,900=
Distributable reserves133€46.6m€63.1m▲
Provisions and deferred taxes16€81,604€106,684▲
Provisions for liabilities and charges160/5€81,604€106,684▲
Other liabilities and charges164/5€81,604€106,684▲
Amounts payable17/49€24.8m€19.4m▼
Amounts payable after more than one year17€10.5m€7.8m▼
Financial debts170/4€6.2m€3.4m▼
Leasing and similar obligations172€4.1m€3.4m▼
Credit institutions173€2.1m-
Other amounts payable178/9€4.3m€4.4m▲
Amounts payable within one year42/48€14.3m€11.6m▼
Current portion of amounts payable after more than one year42€1.3m€720,940▼
Trade debts44€12.0m€9.4m▼
Suppliers440/4€12.0m€9.4m▼
Taxes, remuneration and social security45€1.0m€1.4m▲
Taxes450/3€55,365€410,067▲
Remuneration and social security454/9€954,290€1.0m▲
Accrued charges and deferred income492/3€3,816€74,314▲
Income statement Code20242025
Operating income70/76A€137.1m€143.9m▲
Turnover70€135.1m€144.4m▲
Change in stocks of work in progress, finished goods and contracts in progress71€844,618-€1.1m▼
Other operating income74€526,954€609,325▲
Non-recurring operating income76A€629,272€18,025▼
Operating charges60/66A€123.5m€125.6m▲
Goods for resale, raw materials and consumables60€102.9m€104.3m▲
Purchases600/8€103.0m€104.4m▲
Change in stocks: decrease (increase)609-€52,928-€126,072▼
Services and other goods61€9.6m€10.9m▲
Remuneration, social security and pensions62€7.3m€8.0m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3.3m€1.8m▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€118,250
Provisions for liabilities and charges: additions (uses and reversals)635/8-€76,662€25,080▲
Other operating charges640/8€449,613€417,308▼
Operating profit (loss)9901€13.6m€18.3m▲
Financial income75/76B€488,041€3.0m▲
Recurring financial income75€488,041€715,756▲
Income from current assets751€227,188€490,947▲
Other financial income752/9€260,853€224,810▼
Non-recurring financial income76B-€2.3m
Financial charges65/66B€298,624€286,116▼
Recurring financial charges65€298,624€286,116▼
Debt charges650€127,774€100,864▼
Other financial charges652/9€170,850€185,253▲
Profit (loss) for the period before taxes9903€13.8m€21.1m▲
Income taxes67/77€3.3m€4.6m▲
Taxes670/3€3.3m€4.6m▲
Profit (loss) for the period9904€10.5m€16.5m▲
Profit (loss) for the period to be appropriated9905€10.5m€16.5m▲
Appropriation of the result
Profit (loss) to be appropriated9906€10.5m€16.5m▲
Transfer to equity691/2€10.5m€16.5m▲
To other reserves6921€10.5m€16.5m▲
Social balance
Average headcount (FTE)9087115.6118.3▲

The notes to these accounts (70 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Operating income70/76A€68.4m€120.8m€127.9m€137.1m€143.9m▲ 5.0%
Turnover70€66.2m€119.0m€127.9m€135.1m€144.4m▲ 6.9%
Change in stocks of work in progress, finished goods and contracts in progress71€1.3m€654,746-€1.0m€844,618-€1.1m▼ 231%
Other operating income74€541,267€718,023€878,441€526,954€609,325▲ 15.6%
Non-recurring operating income76A€266,473€404,655€75,743€629,272€18,025▼ 97.1%
Operating charges60/66A€65.5m€116.3m€107.2m€123.5m€125.6m▲ 1.7%
Goods for resale, raw materials and consumables60€50.8m€98.0m€87.2m€102.9m€104.3m▲ 1.3%
Purchases600/8€51.5m€98.9m€87.5m€103.0m€104.4m▲ 1.3%
Change in stocks: decrease (increase)609-€726,904-€932,685-€249,926-€52,928-€126,072▼ 138%
Services and other goods61€8.3m€10.2m€9.6m€9.6m€10.9m▲ 13.3%
Remuneration, social security and pensions62€3.9m€5.4m€6.7m€7.3m€8.0m▲ 10.8%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2.2m€2.4m€3.2m€3.3m€1.8m▼ 45.1%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4---€800,977-€118,250-
Provisions for liabilities and charges: additions (uses and reversals)635/8-€12,000-€158,266-€76,662€25,080▲ 133%
Other operating charges640/8€318,575€313,400€406,111€449,613€417,308▼ 7.2%
Non-recurring operating charges66A€16,120-€800,977---
Operating profit (loss)9901€2.8m€4.5m€20.7m€13.6m€18.3m▲ 34.9%
Financial income75/76B€14,204€28,554€336,534€488,041€3.0m▲ 521%
Recurring financial income75€14,204€28,554€281,252€488,041€715,756▲ 46.7%
Income from current assets751--€29,845€227,188€490,947▲ 116%
Other financial income752/9€14,204€28,554€251,407€260,853€224,810▼ 13.8%
Non-recurring financial income76B--€55,282-€2.3m-
Financial charges65/66B€354,470€466,405€441,026€298,624€286,116▼ 4.2%
Recurring financial charges65€354,470€466,405€441,026€298,624€286,116▼ 4.2%
Debt charges650€144,524€206,529€187,186€127,774€100,864▼ 21.1%
Other financial charges652/9€209,946€259,876€253,840€170,850€185,253▲ 8.4%
Profit (loss) for the period before taxes9903€2.5m€4.0m€20.6m€13.8m€21.1m▲ 52.9%
Income taxes67/77€333,153€644,623€4.5m€3.3m€4.6m▲ 38.6%
Taxes670/3€333,153€644,623€4.5m€3.3m€4.6m▲ 38.6%
Profit (loss) for the period9904€2.2m€3.4m€16.0m€10.5m€16.5m▲ 57.4%
Profit (loss) for the period to be appropriated9905€2.2m€3.4m€16.0m€10.5m€16.5m▲ 57.4%
Line20212022202320242025Change
Assets
Total assets20/58€55.2m€63.1m€66.5m€74.2m€85.4m▲ 15.0%
Fixed assets21/28€36.2m€36.3m€34.6m€33.5m€30.9m▼ 7.8%
Tangible fixed assets22/27€12.4m€12.5m€10.8m€9.7m€9.8m▲ 1.2%
Land and buildings22€2.7m€2.6m€2.5m€2.9m€2.8m▼ 3.9%
Plant, machinery and equipment23€6.5m€4.4m€4.2m€4.1m€4.8m▲ 18.3%
Furniture and vehicles24€260,845€330,235€336,417€313,514€238,196▼ 24.0%
Leasing and similar rights25€3.0m€5.2m€3.8m€2.4m€1.9m▼ 21.6%
Assets under construction and advance payments27----€78,520-
Financial fixed assets28€23.7m€23.7m€23.7m€23.7m€21.0m▼ 11.5%
Affiliated companies280/1€23.7m€23.7m€23.7m€23.7m€21.0m▼ 11.5%
Participating interests280€23.7m€23.7m€23.7m€23.7m€21.0m▼ 11.5%
Current assets29/58€19.0m€26.8m€31.9m€40.7m€54.5m▲ 33.8%
Amounts receivable after more than one year29----€10.7m-
Other amounts receivable291----€10.7m-
Stocks and contracts in progress3€4.5m€6.0m€5.3m€6.2m€5.2m▼ 15.8%
Stocks30/36€4.5m€6.0m€5.3m€6.2m€5.2m▼ 15.8%
Raw materials and consumables30/31€2.1m€3.0m€3.3m€3.3m€3.5m▲ 3.8%
Finished goods33€2.4m€3.0m€2.0m€2.9m€1.8m▼ 38.6%
Amounts receivable within one year40/41€13.9m€19.6m€18.0m€21.1m€26.2m▲ 24.5%
Trade receivables40€13.1m€18.9m€17.5m€20.5m€20.6m▲ 0.6%
Other amounts receivable41€812,664€612,654€480,802€563,407€5.6m▲ 894%
Current investments50/53--€2.1m€81,678€106,745▲ 30.7%
Other investments51/53--€2.1m€81,678€106,745▲ 30.7%
Cash at bank and in hand54/58€464,768€1.1m€6.3m€13.2m€12.0m▼ 8.8%
Deferred charges and accrued income490/1€160,836€117,357€238,258€182,739€198,074▲ 8.4%
Equity and liabilities
Total equity and liabilities10/49€55.2m€63.1m€66.5m€74.2m€85.4m▲ 15.0%
Equity10/15€22.6m€24.8m€38.8m€49.3m€65.8m▲ 33.5%
Contributions10/11€2.5m€2.5m€2.5m€2.5m€2.5m=
Capital10€2.5m€2.5m€2.5m€2.5m€2.5m=
Issued capital100€2.5m€2.5m€2.5m€2.5m€2.5m=
Reserves13€20.1m€22.3m€36.3m€46.8m€63.3m▲ 35.3%
Non-distributable reserves130/1€247,900€247,900€247,900€247,900€247,900=
Legal reserve130€247,900€247,900€247,900€247,900€247,900=
Distributable reserves133€19.9m€22.1m€36.1m€46.6m€63.1m▲ 35.5%
Provisions and deferred taxes16--€158,266€81,604€106,684▲ 30.7%
Provisions for liabilities and charges160/5--€158,266€81,604€106,684▲ 30.7%
Other liabilities and charges164/5--€158,266€81,604€106,684▲ 30.7%
Amounts payable17/49€32.6m€38.3m€27.5m€24.8m€19.4m▼ 21.7%
Amounts payable after more than one year17€15.4m€14.9m€11.8m€10.5m€7.8m▼ 26.1%
Financial debts170/4€11.1m€10.6m€7.5m€6.2m€3.4m▼ 44.7%
Leasing and similar obligations172€2.9m€5.5m€4.8m€4.1m€3.4m▼ 17.4%
Credit institutions173€5.6m€2.5m€2.7m€2.1m--
Other loans174€2.6m€2.6m----
Other amounts payable178/9€4.3m€4.3m€4.3m€4.3m€4.4m▲ 0.5%
Amounts payable within one year42/48€17.2m€23.3m€15.7m€14.3m€11.6m▼ 18.9%
Current portion of amounts payable after more than one year42€1.0m€1.4m€1.3m€1.3m€720,940▼ 44.5%
Financial debts43€3.2m€3.8m----
Credit institutions430/8€3.2m€3.8m----
Trade debts44€9.1m€12.9m€11.2m€12.0m€9.4m▼ 21.1%
Suppliers440/4€9.1m€12.9m€11.2m€12.0m€9.4m▼ 21.1%
Taxes, remuneration and social security45€637,114€858,601€1.2m€1.0m€1.4m▲ 39.8%
Taxes450/3€15,903€26,243€213,704€55,365€410,067▲ 641%
Remuneration and social security454/9€621,211€832,358€993,426€954,290€1.0m▲ 4.9%
Other amounts payable47/48€3.2m€4.4m€2.0m---
Accrued charges and deferred income492/3€16,777€25,446€10,090€3,816€74,314▲ 1,847%
Line20212022202320242025Change
Profit (loss) for the period9904€2.2m€3.4m€16.0m€10.5m€16.5m▲ 57.4%
+ Depreciation and write-downs630€2.2m€2.4m€3.2m€3.3m€1.8m▼ 45.1%
Operating cash flow (approximation)€4.4m€5.8m€19.2m€13.8m€18.3m▲ 32.8%
Investment in fixed assets (approximation)--€2.5m-€1.5m-€2.2m€791,031▲ 136%
Change in cash-€589,059€5.3m€6.9m-€1.2m▼ 117%

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 31-07-2027
2026
24-07
State Gazette act Purpose · Statutes amendment · Restructuring
Merger · Purpose change · Capital20 facts ▸
  • General meeting, 29-06-2026
  • Merger, verrichting gelijkgesteld met fusie door overneming, goedkeuring fusievoorstel
  • Purpose change
  • Statutes amendment
  • Capital, €2.479.000
  • Other statement, VIJFDE BESLISSING: Volmacht voor de coördinatie van de statuten
  • Other statement, ZESDE BESLISSING: Machten aan het bestuursorgaan
  • Power of attorney, Jasper Voorhout
  • Power of attorney, Lieven Serrien
  • Power of attorney, Andre Lorier
  • Power of attorney, Patrick Geeraert
  • Power of attorney, Karolien De Backer
  • +8 further facts in this act
01-06
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial Highest result since 2018net €16.5m ▲57.4%
Net result €16.5m, the highest in the series.
31-12
Financial Equity above €50mEq €65.8m ▲33.5%
8 profitable years in a row build equity to €65.8m.
27-06
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
08-07
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial Equity above €25mEq €38.8m ▲56.6%
6 profitable years in a row build equity to €38.8m.
12-07
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
02-08
NBB filing Annual accounts filed
fiscal year 2021 · full schema · 2 days late
2021
30-07
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
31-07
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
12-07
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
27-07
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
18-07
NBB filing Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 15 acts read
About the unread acts

Of the 15 Belgian State Gazette acts we know for this company, 1 has been read. The other 14 have not 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
15 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Dilsen-Stokkem · 1 establishment unit since 1988
seat establishment The establishment unit on the map
Ground area
2.5 ha
Building footprint
1.2 ha
Parcel 73043B0216/00G000, Flanders. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
INCOPACK
Siemenslaan 21, 3650 Dilsen-StokkemAir transport
since 19882.102.615.748
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
73043B0216/00G000 Flanders 2.5 ha 1 · 1.2 ha -
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.

Articles of association

Annual meeting
Third Friday of May at 14:00
Purpose
Het ontwikkelen, produceren, verwerken, verpakken, conditioneren, bewaren, opslaan, distribueren en commercialiseren, in de ruimste zin, van voedingsproducten, dranken en…
Full purpose (8 activities)
  1. Het ontwikkelen, produceren, verwerken, verpakken, conditioneren, bewaren, opslaan, distribueren en commercialiseren, in de ruimste zin, van voedingsproducten, dranken en aanverwante consumptiegoederen, ongeacht de vorm of presentatie, zowel voor eigen merken als in opdracht van derden (private label of contract manufacturing);
  2. Het commercialiseren, licentiëren en valoriseren van know-how, technologieën, merken, modellen, domeinnamen, procédés en andere intellectuele eigendomsrechten die verband houden met de voedings-, verpakkings- en logistieke sector of met de overige activiteiten van de vennootschap;
  3. De aankoop, verkoop, ontwikkeling, (her)ontwikkeling, inrichting, het beheer, de uitbating, de huur en verhuur, leasing en onderleasing, alsook het nemen en verlenen van alle onroerende en roerende zakelijke rechten (waaronder, zonder hiertoe beperkt te zijn, erfpacht-, opstal- en vruchtgebruikrechten) op alle roerende en onroerende goederen, met inbegrip van industriële gebouwen, magazijnen, productie-eenheden, kantoren, commerciële panden, logistieke infrastructuur en gronden;
  4. Het verrichten van alle administratieve, boekhoudkundige, financiële, juridische, commerciële, logistieke, IT-, personeels- en andere ondersteunende diensten voor eigen rekening en ten behoeve van andere ondernemingen, in het bijzonder maar niet beperkt tot vennootschappen waarmee zij in een groep of controleverhouding verbonden is;
  5. Het verlenen van advies- en managementdiensten in de ruimste zin, met inbegrip van strategisch en operationeel bedrijfsadvies, organisatie- en procesoptimalisatie, projectmanagement, directie- en managementondersteuning, en het waarnemen van bestuurs-, zaakvoerder- en andere mandaten in vennootschappen en organisaties;
  6. Het verlenen aan ondernemingen van alle nuttige bijstand, zowel financieel (met inbegrip van borgstelling, avalgeving, garanties en andere zekerheden), als technisch, industrieel, commercieel, marketing- en administratief, in welke vorm ook;
  7. Het fungeren als financieringsmaatschappij in de ruimste zin, daaronder begrepen: het opnemen van leningen en andere financieringen onder om het even welke vorm; het verstrekken van leningen, kredieten, voorschotten en andere financieringen aan vennootschappen en ondernemingen, in het bijzonder binnen de groep; het verlenen van zekerheden, waarborgen, borgstellingen en garanties, in welke vorm ook, met inbegrip van panden en hypotheken op haar goederen; het beheer van thesaurie- en cashpoolingactiviteiten binnen een groep van vennootschappen, met dien verstande dat de vennootschap geen activiteiten uitoefent die wettelijk voorbehouden zijn aan gereglementeerde financiële instellingen.
  8. Het optreden als tussenpersoon en bemiddelaar in de handel in de ruimste zin, met inbegrip van handelsbemiddeling, commissionair-, agentuur- en makelaarsactiviteiten bij de aankoop, verkoop, import, export en distributie van goederen en diensten die verband houden met haar voorwerp.
Legal form clause
Registered office clause
Dissolution rule
Door de rechter, artikel 2:72 WVV niet van toepassing
Tenzij de algemene vergadering van aandeelhouders één of meerdere vereffenaars benoemt en hun bevoegdheden en vergoeding vaststelt, de leden van de raad van bes…
Board rule
Algemene vergadering van aandeelhouders of voor de eerste maal door de oprichters, 3
Te allen tijde met of zonder motivering, 6
Onmiddellijk na de gewone algemene vergadering
Alle handelingen van intern bestuur die nodig of dienstig zijn tot verwezenlijking van het voorwerp, met uitzondering van die handelingen waarvoor volgens de we…
Zij kunnen individueel optreden., De gedelegeerden voor het dagelijks bestuur kunnen in het kader van dat bestuur bijzondere volmachten verlenen aan iedere last…
Other statement
De algemene vergaderingen van aandeelhouders worden gehouden op het adres van de zetel of op een andere plaats vermeld in de bijeenroepingsberichten voor deze v…
Bevoegdheid van de gewone en bijzondere algemene vergadering
Bevoegdheid buitengewone vergadering
Elk aandeel geeft recht op één stem onder voorbehoud van de wettelijke beperkingen., Aantal stemmen
Bestemming van de winst, artikel 7:212 van het Wetboek van Vennootschappen en Verenigingen
1 more provision on this in the deed

Structure & network

Part of the group A-ware Dairy Products Belgium Holding 11 companies Group, risk and exposure

Owners and holdings

1 owner · 3 holdings · 2 subsidiaries in the tree

Chain of control

  1. A-ware Dairy Products Belgium Holding 100%
  2. GILBERT'S MANAGEMENT COMPANY 100%
  3. INCOPACK

Highest known parent: A-ware Dairy Products Belgium Holding. The sources do not say who stands above it.

Owners 1

Holdings 3

All subsidiaries, including indirect ones 2

Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.

According to the 2025 annual accounts of INCOPACK 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.

Acquisitions and mergers

1 transaction
Took over:INCOROCK
BE 0443.873.780operation treated as a merger by absorption · State Gazette act of 24-07-2026 (2 acts) · effective 01-07-2026

Capital and shareholders

Capital over the years
  1. 24-07-2026 Capital stated in the act · 2,479,000 EUR · 106,000 shares

Public money · subsidies and aid

Flemish government

2022 to 2025 · 9 entries · 53,320 EUR awarded · 53,320 EUR paid
Year Entries awardedpaid
2025 3 10,839 EUR10,839 EUR
2024 2 8,837 EUR8,837 EUR
2023 2 21,889 EUR21,889 EUR
2022 2 11,755 EUR11,755 EUR
Schemes
4 entries · 32,126 EUR · 32,126 EUR paid · Departement Werk en Sociale Economie
4 entries · 14,029 EUR · 14,029 EUR paid · Departement Werk en Sociale Economie
1 entry · 7,165 EUR · 7,165 EUR paid · Departement Werk, Economie, Wetenschap, Innovatie en Sociale Economie

Recognitions · licences · registrations

Food safety, FASFC

1 site
Dilsen-Stokkem2.102.615.748
2 permissions
Erkenning · Melkinrichting · since 27-03-2007
Toelating · Fabrikant andere levensmiddelen · since 01-01-2006

Legal Entity Identifier

894500MWJ13ZG2IHE735
live in the LEI register

Similar companies · same sector, comparable size

Of 395 companies in sector 10890 we hold annual accounts for 225. 33 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded21-12-1987
Fiscal year end31-12
Activities, NACEBEL 2025
10510Manufacture of food products
10890Manufacture of food products
82920Office administrative, office support and other business support activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:0432863488
Also 9925:BE0432863488
Registered 31-12-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.