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INPACO INDUSTRIE

Active
Public limited companyfounded 1999active for 27 yearsSint-Pieterssteenweg 357, 1040 Etterbeek, BelgiumKBO/BCE: BE 0466.700.553
Summary

INPACO INDUSTRIE has been active since 1999 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €102,391 and a net result of €49,716. Equity has been growing by about 49% per year since 2018. Its solvency ranks better than 45% of 95 sector peers (NACE 17, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Official details

Source: KBO
Status
Active since 17-08-1999 Normal situation
Activity
Manufacture of paper and paper products NACE 17120and 2 others
Establishment units
2.093.013.045 5030 Gembloux, since 06-12-1999
2.093.012.946 1040 Etterbeek, since 09-12-1999
Financial year end
31 December
Peppol
Reachable since 08-12-2025

Board and ownership

Board

Financial position

91 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Annual accounts 2025
Gross margin
€190,363
▲ 91.2%
Turnover
≈ €480,000
estimated
Profit
€49,716
Equity
€102,391
▲ 94.4%
Total assets
€240,707
▼ 28.8%
Employees on 31-12-2025
3
▲ 50.0%
  • 2025 accounts filed 39 days after the deadline
Score breakdownraises riskLast filed accounts filed 39 days late; 2 of the last 3 accounts lateSector: Manufacture of paper and paper products (NACE 17)lowers riskLiquidity: current ratio 1.72, cash €138,181Founded in 1999Show the evidence

Checked score

Score 2025
91 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 77% of micro companies in paper (NACE 17)
Financial strength · tick: 2024
Strong
Solvency 68+27
equity 42.5% of total assets
Liquidity 70+30
short-term debt 57.5% · cash 57.4%
Profitability 95+69
return on assets 20.7%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (113 companies, NACE 17, micro)
Last 24 months 12-2024: 0.6% 01-2025: 0.6%● unchanged vs 12-2024 02-2025: 0.6%● unchanged vs 01-2025 03-2025: 0.6%● unchanged vs 02-2025 04-2025: 0.6%● unchanged vs 03-2025 05-2025: 0.6%● unchanged vs 04-2025 06-2025: 0.6%● unchanged vs 05-2025 07-2025: 0.6%● unchanged vs 06-2025 08-2025: 0.8%▲ +0.2 percentage points vs 07-2025 09-2025: 0.6%▼ -0.2 percentage points vs 08-2025 10-2025: 0.6%● unchanged vs 09-2025 11-2025: 0.6%● unchanged vs 10-2025 12-2025: 0.6%● unchanged vs 11-2025 01-2026: 0.6%● unchanged vs 12-2025 02-2026: 0.6%● unchanged vs 01-2026 03-2026: 0.6%● unchanged vs 02-2026 04-2026: 0.6%● unchanged vs 03-2026 05-2026: 0.6%● unchanged vs 04-2026 06-2026: 0.6%● unchanged vs 05-2026 07-2026: 0.6%● unchanged vs 06-2026 08-2026: 0.9%▲ +0.3 percentage points vs 07-2026 09-2026: 1.0%▲ +0.1 percentage points vs 08-2026highest value 10-2026: 0.2%▼ -0.8 percentage points vs 09-2026lowest value 11-2026: 0.2%● unchanged vs 10-2026lowest value
Credit of up to €9,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.72 (1.17 in 2024), above the usual 1.5. Short-term debt is 57.5% and cash 57.4% of total assets. However, 57.5% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 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 17, micro). It does better than 49% of them on solvency, 74% on liquidity, 90% on profitability and 94% on growth.

The bankruptcy probability was computed on 04-11-2026 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.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

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

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises risk
raises risk · Last filed accounts filed 39 days late; 2 of the last 3 accounts late
NBB · filings
lowers risk · Liquidity: current ratio 1.72, cash €138,181
NBB · annual accounts
lowers risk · Founded in 1999
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Sector: Manufacture of paper and paper products (NACE 17)
KBO
raises risk · 2025 accounts filed 39 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-09-2026, 39 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
39 days late
2024
22 days late
2023
61 days late
2022
18 days early
2021
24 days late
2020
9 days late
2019
62 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 28 days after the deadline. In the sector (NACE 17), the median for financial year 2024 was 13 days before the deadline, and 35% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 24 August (4 of the last 5 accounts filed within 38 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Caution: Less equity than 92% of companies in papersector median €3.7m · 95 companies €102,391 View
  • Positive: Back in profit in 2025after a loss of €6,846 in 2024 €49,716 View

Recent changes

  1. · Gazette deed Resignation: RIZKALLAH Walid (director)Appointment: SZMAJ Julie (director)
  2. · Gazette deed Appointments: SZMAJ Julie (director) and RIZKALLAH Walid (director)
  3. · Gazette deed Incorporation
All 17 events

Comparable companies

These companies have the same main activity as INPACO INDUSTRIE: manufacture of paper and paper products (NACE 17120). They are comparable in size and age: total assets between €421,000 and €1.5m, founded between 1985 and 2007.

CompanyTotal assetsGross margin
INPACO INDUSTRIE Etterbeek€0.2m€0.2m
EMBALLAGES GRUSELLE Fleurus€0.4m€0.1m
AFPLAKA Roeselare€0.4m€0.08m
CARTOPACK Eeklo€1.5m€0.1m
FOROPRINT Anzegem€1.2m€0.9m
USINES PELLETIER EN CO Molenbeek-Saint-Jean€0.7m€0.6m
ROTACOL Andenne€1.3m€0.6m
Full comparison

Key facts about INPACO INDUSTRIE

What is the company number of INPACO INDUSTRIE?
The company number of INPACO INDUSTRIE is 0466.700.553. The VAT number is the same number with BE in front: BE 0466.700.553.
Where is INPACO INDUSTRIE based?
The registered office is at Sint-Pieterssteenweg 357, 1040 Etterbeek.Company details
What does INPACO INDUSTRIE do?
According to the KBO register, the main activity is manufacture of paper and paper products (NACE 17120).
What is the legal form of INPACO INDUSTRIE?
INPACO INDUSTRIE is a public limited company (NV).
When was INPACO INDUSTRIE founded?
INPACO INDUSTRIE was founded on 17-08-1999.
Is INPACO INDUSTRIE still active?
Yes, INPACO INDUSTRIE is an active enterprise in the KBO register.
How many employees does INPACO INDUSTRIE have?
INPACO INDUSTRIE had an average of 3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of INPACO INDUSTRIE?
The turnover in financial year 2025 is ≈ €480,000. This figure is estimated from the gross margin of €190,363 and 1,647 comparable companies of the same size. It probably lies between €300,000 and €910,000. It is a rough estimate.
Is INPACO INDUSTRIE profitable?
In financial year 2025, INPACO INDUSTRIE made a profit of €49,716.
Where can I find the annual accounts of INPACO INDUSTRIE?
INPACO INDUSTRIE filed 26 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of INPACO INDUSTRIE due?
INPACO INDUSTRIE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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