KAYA PACKAGING
InactiveKAYA PACKAGING was declared bankrupt on 30-04-2024 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed for insufficient assets by judgment of 04-11-2025, published in the Belgian State Gazette on 10-11-2025.
No longer registered with the KBO; last annual accounts for fiscal year 2021.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 4 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline22-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 30-09-2022, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
61 d late
2020
52 d late
2019
91 d late
← before the deadline
after the deadline →
Financials · fiscal year 2021, micro schema
Turnover
€496k▲ 136%
2018 · €210k
2018: €210k
2018 → 2019
EBIT margin
5.9%▲ 4.3pp
2018 · 1.6%
2018: 1.6%
2018 → 2019
Net result
€38k▼ 30.2%
2020 · €55k
2018: €3k
2019: €31k
2020: €55k
2018 → 2021
Working capital
€34k▼ 77.4%
2020 · €152k
2018: €17k
2019: €46k
2020: €152k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Turnover€210k-€496k▲ 136%
Equity€22k-€52k▲ 140%€107k▲ 105%€146k▲ 35.7%
Operating result€3k-€29k▲ 785%€72k▲ 146%€69k▼ 4.3%
Net result€3k-€31k▲ 860%€55k▲ 79.8%€38k▼ 30.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2021; 2021 is 4% below 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €453k
Fixed assets
€184k▲ 237%
Current assets
€268k▲ 36.7%
Equity and liabilities €453k
Equity
€146k▲ 35.7%
Debt
€307k▲ 114%
The debt ratio rises from 57.2% to 67.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€85k▲
2020 · €75k
Cash flow
€54k▼
2020 · €59k
Solvency
32.2%▼
2020 · 42.8%
Current ratio
1.15▼
2020 · 4.40
Quick ratio
0.44▼
2020 · 4.40
Debt / equity
2.11▲
2020 · 0.92
ROE
26.3%▼
2020 · 51.2%
ROA
8.5%▼
2020 · 21.9%
Interest coverage
29.60
Debt
€307k▲
2020 · €144k
Debt ≤ 1 year
€234k▲
2020 · €45k
Debt > 1 year
€73k▼
2020 · €99k
Income taxes
€27k▲
2020 · €15k
Staff costs
€204k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€251k€453k▲
Formation expenses20€0-
Fixed assets21/28€55k€184k▲
Intangible fixed assets21€0-
Tangible fixed assets22/27€48k€176k▲
Plant, machinery and equipment23-€53k
Furniture and vehicles24-€55k
Other tangible fixed assets26-€68k
Financial fixed assets28€7k€9k▲
Current assets29/58€196k€268k▲
Stocks and contracts in progress3€0€166k▲
Stocks30/36-€166k
Amounts receivable within one year40/41€130k€83k▼
Other amounts receivable41-€83k
Current investments50/53€0-
Cash at bank and in hand54/58€66k€20k▼
Equity and liabilities
Total equity and liabilities10/49€251k€453k▲
Equity10/15€107k€146k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1-€2k
Reserves not available under the articles1311-€2k
Profit (loss) carried forward14€87k€125k▲
Amounts payable17/49€144k€307k▲
Amounts payable after more than one year17€99k€73k▼
Financial debts170/4-€73k
Amounts payable within one year42/48€45k€234k▲
Current portion of amounts payable after more than one year42-€14k
Trade debts44€8k€72k▲
Suppliers440/4-€72k
Taxes, remuneration and social security45-€106k
Taxes450/3-€39k
Remuneration and social security454/9-€67k
Other amounts payable47/48-€42k
Income statement
Code20202021
Goods, raw materials, services and sundry goods60/61-€651k
Remuneration, social security and pensions62-€204k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€16k▲
Other operating charges640/8-€11k
Gross operating margin9900€140k€299k▲
Operating profit (loss)9901€72k€69k▼
Financial income75/76B-€11
Recurring financial income75€0€9▲
Non-recurring financial income76B-€2
Financial charges65/66B-€3k
Recurring financial charges65€1k€3k▲
Profit (loss) for the period before taxes9903€70k€66k▼
Income taxes67/77€15k€27k▲
Profit (loss) for the period9904€55k€38k▼
Profit (loss) for the period to be appropriated9905€55k€38k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€125k
Profit (loss) brought forward from the previous period14P-€87k
Return on contributions (dividend)694€0-
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-11
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · KAYA PACKAGING IN VEREFFENING BV LINDENSTRAAT 298, 2070 BEVEREN-KRUIBEKE-ZWIJNDRECHT · event 04-11-2025
2024
07-05
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · KAYA PACKAGING IN VEREF- FENING BV LINDENSTRAAT 298, 2070 BURCHT-ZWIJNDRECHT · event 30-04-2024
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
21-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 52 days late
2020
31-12
Financial
Highest result since 2018net €55k ▲79.8%
Operating result €72k, net result €55k, both a record.
31-12
Financial
Equity above €100kEq €107k ▲105%
3 profitable years in a row build equity to €107k.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
26-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 57 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | NATHALIE VERMEERSCH PLANTINKAAI 10/21,
2000 ANTWERPEN 1 |
30-04-2024 → present |