INTERBOARD
ActiveSummary
INTERBOARD has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€126,002) and a net result of €6,242. Its solvency ranks better than 5% of 58 sector peers (NACE 17, financial year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 14-12-2023 Normal situation
- Activity
- Manufacture of paper and paper products NACE 17120
- Establishment unit
- 2.353.877.620 2320 Hoogstraten, since 14-12-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 02-01-2026
Board and ownership
- J & S PACKAGING SERVICESDirector · permanent representative FOCKAERT Stef
- J&S PACKAGING SERVICES100 sharesdeed of 18-12-2023
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.3%
- Gross margin
- €176,252
- Turnover
- ≈ €450,000
- estimated
- Profit
- €6,242
- Equity
- -€126,002
- ▲ 4.7%
- Total assets
- €841,076
- ▼ 0.4%
- Employees on 31-12-2025
- 2
- Negative equity on 31-12-2025
- 2025 accounts filed 30 days after the deadline
Score breakdownraises riskCapped at 59: negative equitySector: Manufacture of paper and paper products (NACE 17)Founded in 2023Negative equity -€126,002lowers riskSize: total assets €841,076Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 14% of them on solvency, 22% on liquidity, 39% on profitability and 56% 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 low class on 30-06-2025, 0.8% 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
The company filed its last 2 accounts on average 15 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)
Financials
Financials · financial year 2025, abbreviated format
2025 annual accounts filed 30 days after the deadline Filed on 30 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00482785.
Annual accounts 2025 filed on 30-08-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is a profit of €32,550, after a loss of €177,736 in 2024.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-12-2025 |
|---|---|
| Employees at the balance-sheet date | 2 |
| full-time | 2 |
| in full-time equivalents | 2 |
| Average over the year, in full-time equivalents | 1.4 |
| On a permanent contract | 2 |
| Joined | 2 |
| Left | 0 |
Source: social balance sheet in the 2025 annual accounts
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €781,877 | - |
| Depreciation and write-downs of the year | €39,800 | €71,827 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | - | €71,013 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €39,800 | €71,827 | ▲ 80.5% |
| Other operating charges640/8 | €11,756 | €862 | ▼ 92.7% |
| Gross operating margin9900 | -€126,180 | €176,252 | - |
| Operating profit (loss)9901 | -€177,736 | €32,550 | - |
| Financial income75/76B | €833 | - | - |
| Recurring financial income75 | €833 | - | - |
| Financial charges65/66B | €20,341 | €26,308 | ▲ 29.3% |
| Recurring financial charges65 | €20,341 | €26,308 | ▲ 29.3% |
| Profit (loss) for the period before taxes9903 | -€197,244 | €6,242 | - |
| Profit (loss) for the period9904 | -€197,244 | €6,242 | - |
| Profit (loss) for the period to be appropriated9905 | -€197,244 | €6,242 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €844,098 | €841,076 | ▼ 0.4% |
| Fixed assets21/28 | €742,077 | €670,251 | ▼ 9.7% |
| Tangible fixed assets22/27 | €742,077 | €670,251 | ▼ 9.7% |
| Land and buildings22 | €120,331 | €113,970 | ▼ 5.3% |
| Plant, machinery and equipment23 | €621,746 | €556,281 | ▼ 10.5% |
| Current assets29/58 | €102,021 | €170,825 | ▲ 67.4% |
| Amounts receivable within one year40/41 | €10,502 | €164,401 | ▲ 16× |
| Trade receivables40 | - | €164,401 | - |
| Other amounts receivable41 | €10,502 | - | - |
| Cash at bank and in hand54/58 | €91,519 | €6,424 | ▼ 93.0% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €844,098 | €841,076 | ▼ 0.4% |
| Equity10/15 | -€132,244 | -€126,002 | ▲ 4.7% |
| Contributions10/11 | €65,000 | €65,000 | = |
| Capital10 | €65,000 | €65,000 | = |
| Issued capital100 | €65,000 | €65,000 | = |
| Profit (loss) carried forward14 | -€197,244 | -€191,002 | ▲ 3.2% |
| Amounts payable17/49 | €976,342 | €967,078 | ▼ 0.9% |
| Amounts payable after more than one year17 | €514,025 | €426,218 | ▼ 17.1% |
| Financial debts170/4 | €514,025 | €426,218 | ▼ 17.1% |
| Amounts payable within one year42/48 | €462,317 | €540,860 | ▲ 17.0% |
| Current portion of amounts payable after more than one year42 | €83,656 | €87,807 | ▲ 5.0% |
| Financial debts43 | - | €13,100 | - |
| Credit institutions430/8 | - | €13,100 | - |
| Trade debts44 | €143,661 | €69,310 | ▼ 51.8% |
| Suppliers440/4 | €143,661 | €69,310 | ▼ 51.8% |
| Taxes, remuneration and social security45 | - | €35,593 | - |
| Taxes450/3 | - | €32,849 | - |
| Remuneration and social security454/9 | - | €2,744 | - |
| Other amounts payable47/48 | €235,000 | €335,050 | ▲ 42.6% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€197,244 | €6,242 | - |
| + Depreciation and write-downs630 | €39,800 | €71,827 | ▲ 80.5% |
| Operating cash flow (approximation) | -€157,444 | €78,068 | - |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | -€85,095 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 516 companies had the same profile as INTERBOARD has now. Two years later, 91.9% were still going and 4.5% had gone bankrupt.
- Micro
- 2 to 5 years old
- negative equity
- a profit under 5% of the balance sheet
Another 1.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of INTERBOARD itself: 1.3% within 12 months.
Test of the method
The method was tested on the 497,446 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 516 companies, not a prediction for INTERBOARD. 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.
Board & ownership
Directors
Board 1
Permanent representatives 1
Owners and capital
Shareholders
- J&S PACKAGING SERVICES (BE 0821.365.514) 100 shares (100%)
Capital transactions
- 18-12-2023 Incorporation · €65,000 · 100 shares
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Bestuursorgaan, kunnen een college vormen”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Ontbinding om welke reden en op welk ogenblik ook, algemene vergadering ontbonden vennootschap keurt aanstelling goed”
Articles of association, deed of 18-12-2023 (in Dutch)
Network & group
INTERBOARD shares no director with another company.
Parent company per the LEI register
Own declaration in the LEI register: 894500HZASRRR0RM9H26
Companies at the same address
2 other companiesConnections & network
1 current directorThe network starts from the directors of INTERBOARD. Every other company they run is a node.
Timeline
Deeds, filings and financial milestones
18-12
Gazette deed
IncorporationFounding capital of €65,000, 100 shares · Founder: J&S PACKAGING SERVICES · Appointment: J&S PACKAGING SERVICES (sole director)6 points ▸
- Incorporation, 08-12-2023
- Founder, J&S PACKAGING SERVICES
- Director in office, FOCKAERT Stef (sole director)
- Founding capital, €65,000, 100 shares
- Director appointment, J&S PACKAGING SERVICES (sole director (not named in the articles))
- Permanent representative, FOCKAERT Stef
- The deed holds 1 more point.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
On 14 December 2023, INTERBOARD was incorporated as a private limited company by J&S PACKAGING SERVICES, with a starting capital of €65,000.12 J & S PACKAGING SERVICES is sole director of the company, appointed by deed of 18-12-2023.2 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
11 activities
- Produceren van grondstoffen onder andere karton voor het produceren van verpakkingsmaterialen uit karton en plastic;
- Bewerken van allerlei kartonmaterialen;
- Het aan- en verkopen van materialen en hulpstoffen die verband houden met kartonwerken;
- Tussenpersoon in de handel in verband met productiemachines en de verhuring van allerlei machines;
- Uitvoeren van automatisaties in verband met machines en onderhoud,mechanisatie aan nieuwe en tweedehandsmachines;
- Groot- en kleinhandel in allerhande papier-,karton-,en gelijkaardige materialen,in de meest ruime zin en import en export ervan;
- Het verlenen van allerlei adviezen,consultancy en ondersteuning,zowel op financieel,boekhoudkundig,commercieel of technisch vlak.Zij kan tevens ondersteunend werken aan het management van vennootschappen en zelfs het volledige management op zich nemen;
- Alle burgerlijke als commerciële,industriële,financiële,roerende of onroerende handelingen verrichten,in rechtstreeks of onrechtstreeks verband met haar voorwerp of welke van aard zouden zijn,er de verwezenlijking of de uitbreiding van te vergemakkelijken,voor eigen rekening of voor rekening van derden,zowel in België als in het buitenland;
- Door middel van inbreng,versmelting,inschrijving of om het even welke andere wijze mogen deelnemen aan alle ondernemingen,verenigingen,vennootschappen,zowel in België als in het buitenland;
- De functie van bestuurder of vereffenaar van andere vennootschappen mogen uitoefenen;
- De bemiddeling in onroerend goed,waaronder de bemiddeling bij aankoop,verkoop en verhuur van onroerend goed;
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13014F0251/00H000 | Flanders | 1.5 ha | 1 · 9,285 m² | 3.1 m |