LC PACKAGING BELGIUM
ActiveLC PACKAGING BELGIUM has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.86M and a net result of €1.81M. Equity is growing by ~5.1% per year across the filed fiscal years. Its solvency ranks better than 44% of 71 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
88
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability59▲+2
Solvency77▼-9
Growth67=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €430k at 30 days acceptable
Liquidity ample (current ratio 1.63 against 1.77 in 2024), but 58.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 17
Relative position
BE, all sectors
reference
Sector 17
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
41.6%
Return on assets
15.5%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-09-2026, 39 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
39 d late
2024
on the day
2023
6 d early
2022
5 d early
2021
11 d early
2020
31 d early
2019
53 d late
← before the deadline
after the deadline →
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 monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€44.23M▲ 4.2%
2024 · €42.45M
2018: €33.49M
2019: €36.25M
2020: €34.76M
2021: €42.49M
2022: €47.57M
2023: €43.31M
2024: €42.45M
2018 → 2025
EBIT margin
5.6%▲ 1.1pp
2024 · 4.5%
2018: 3.1%
2019: 4.2%
2020: 5.1%
2021: 6.8%
2022: 5.2%
2023: 4.3%
2024: 4.5%
2018 → 2025
Net result
€1.81M▲ 15.0%
2024 · €1.58M
2018: €767k
2019: €1.14M
2020: €1.39M
2021: €2.32M
2022: €1.99M
2023: €1.46M
2024: €1.58M
2018 → 2025
Working capital
€4.08M▼ 2.1%
2024 · €4.16M
2018: €3.15M
2019: €3.40M
2020: €3.30M
2021: €3.82M
2022: €4.09M
2023: €4.11M
2024: €4.16M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€42.49M-€47.57M▲ 12.0%€43.31M▼ 9.0%€42.45M▼ 2.0%€44.23M▲ 4.2%
Equity€4.38M-€4.86M▲ 11.1%€4.86M=€4.86M=€4.86M=
Operating result€2.88M-€2.48M▼ 13.7%€1.85M▼ 25.4%€1.92M▲ 3.6%€2.48M▲ 28.9%
Net result€2.32M-€1.99M▼ 14.5%€1.46M▼ 26.5%€1.58M▲ 8.1%€1.81M▲ 15.0%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 29% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €11.69M
Fixed assets
€1.11M▲ 17.5%
Current assets
€10.58M▲ 10.4%
Equity and liabilities €11.69M
Equity
€4.86M=
Debt
€6.83M▲ 20.5%
The debt ratio rises from 53.8% to 58.4%: debt grows faster than equity.
Key figures and ratios
EBITDA
€2.91M▲
2024 · €2.26M
Cash flow
€2.24M▲
2024 · €1.92M
Solvency
41.6%▼
2024 · 46.2%
Current ratio
1.63▼
2024 · 1.77
Quick ratio
0.69▼
2024 · 0.98
Debt / equity
1.40▲
2024 · 1.16
ROE
37.3%▲
2024 · 32.4%
ROA
15.5%▲
2024 · 15.0%
Interest coverage
23.04▼
2024 · 23.58
Debt
€6.83M▲
2024 · €5.67M
Debt ≤ 1 year
€6.51M▲
2024 · €5.43M
Debt > 1 year
€300k▲
2024 · €235k
Income taxes
€629k▲
2024 · €598k
Staff costs
€3.27M▲
2024 · €3.18M
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€10.53M€11.69M▲
Fixed assets21/28€943k€1.11M▲
Tangible fixed assets22/27€940k€1.10M▲
Plant, machinery and equipment23€448k€657k▲
Furniture and vehicles24€22k€97k▲
Leasing and similar rights25€204k€103k▼
Other tangible fixed assets26€265k€248k▼
Financial fixed assets28€3k€3k▲
Other financial fixed assets284/8€3k€3k▲
Amounts receivable and cash guarantees285/8€3k€3k▲
Current assets29/58€9.59M€10.58M▲
Stocks and contracts in progress3€4.27M€6.12M▲
Stocks30/36€4.27M€6.12M▲
Goods purchased for resale34€4.24M€6.12M▲
Advance payments36€35k-
Amounts receivable within one year40/41€5.27M€4.35M▼
Trade receivables40€5.26M€4.29M▼
Other amounts receivable41€11k€64k▲
Cash at bank and in hand54/58€39k€99k▲
Deferred charges and accrued income490/1€7k€7k▲
Equity and liabilities
Total equity and liabilities10/49€10.53M€11.69M▲
Equity10/15€4.86M€4.86M=
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€3.58M€3.58M=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€3.57M€3.57M=
Profit (loss) carried forward14€1.22M€1.22M=
Amounts payable17/49€5.67M€6.83M▲
Amounts payable after more than one year17€235k€300k▲
Financial debts170/4€235k€300k▲
Leasing and similar obligations172€235k€300k▲
Amounts payable within one year42/48€5.43M€6.51M▲
Current portion of amounts payable after more than one year42€138k€138k▲
Financial debts43€221k€711k▲
Credit institutions430/8€221k€711k▲
Trade debts44€2.17M€2.96M▲
Suppliers440/4€2.17M€2.96M▲
Advances received on contracts in progress46€8k€9k▲
Taxes, remuneration and social security45€1.10M€877k▼
Taxes450/3€642k€368k▼
Remuneration and social security454/9€459k€509k▲
Other amounts payable47/48€1.78M€1.81M▲
Accrued charges and deferred income492/3€6k€20k▲
Income statement
Code20242025
Operating income70/76A€42.60M€44.29M▲
Turnover70€42.45M€44.23M▲
Other operating income74€158k€59k▼
Operating charges60/66A€40.68M€41.81M▲
Goods for resale, raw materials and consumables60€33.83M€34.16M▲
Purchases600/8€33.18M€36.04M▲
Change in stocks: decrease (increase)609€649k€-1.88M▼
Services and other goods61€3.28M€3.97M▲
Remuneration, social security and pensions62€3.18M€3.27M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€343k€433k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€16k€-27k▼
Other operating charges640/8€23k€14k▼
Non-recurring operating charges66A€7k-
Operating profit (loss)9901€1.92M€2.48M▲
Financial income75/76B€437k€196k▼
Recurring financial income75€437k€196k▼
Other financial income752/9€437k€196k▼
Financial charges65/66B€184k€233k▲
Recurring financial charges65€184k€233k▲
Debt charges650€96k€126k▲
Other financial charges652/9€88k€106k▲
Profit (loss) for the period before taxes9903€2.17M€2.44M▲
Income taxes67/77€598k€629k▲
Taxes670/3€598k€648k▲
Tax adjustments and reversals of tax provisions77-€19k
Profit (loss) for the period9904€1.58M€1.81M▲
Profit (loss) for the period to be appropriated9905€1.58M€1.81M▲
Appropriation of the result
Profit (loss) to be appropriated9906€2.80M€3.03M▲
Profit (loss) brought forward from the previous period14P€1.22M€1.22M=
Profit to be distributed694/7€1.58M€1.81M▲
Return on contributions (dividend)694€1.58M€1.81M▲
Social balance
Average headcount (FTE)908736.838.4▲
The notes to these accounts (60 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 39 days late
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €2.32M ▲66.7%
Operating result €2.88M, net result €2.32M, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
22-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 53 days late
2019
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 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
Registered office, Sint-Katelijne-Waver · 2 establishment units since 1995
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.
Kempenarestraat 552860 Sint-Katelijne-WaverGround area
3.3 ha
Building footprint
2.4 ha
Volume, LiDAR
200,917 m³
2 parcels, Flanders · tallest building 15.3 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
LC PACKAGING
since 19952.054.221.458
LC PACKAGING
since 19992.239.984.178
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71352D0293/00Y009 | Flanders | 2.2 ha | 1 · 1.5 ha | 11.0 m · 3 fl. |
| 12035B0079/00C002 | Flanders | 1.1 ha | 1 · 9,600 m² | 15.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Group per the LEI register
1 parent companyParent company:Royal LC Packaging International B.V.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 12,312 EUR awarded · 12,312 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 0 EUR | 12,312 EUR |
| 2022 | 1 | 12,312 EUR | 0 EUR |
Schemes
Call groene stroom (stopgezet)
Recognitions · licences · registrations
Food safety, FASFC
2 sitesSint-Katelijne-Waver2.054.221.458
Sint-Truiden2.239.984.178
Legal Entity Identifier
549300HZXKXK6GU2MW37
Similar companies · same sector, comparable size
DELTRACON
BE 0435.427.654
Ingelmunster · Eq €4.73M
MUVANTEX
BE 0416.636.279
Deerlijk · Eq €4.73M
CLARYSSEWEB
BE 0440.157.888
Wielsbeke · Eq €4.49M
Tubeco
BE 0405.447.429
Waregem · Eq €4.40M
SMART PACKAGING SOLUTIONS
BE 0449.398.129
Hoogstraten · Eq €5.53M
Of 189 companies in sector 17210 we hold annual accounts for 154. 97 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded27-06-1991
Fiscal year end31-12
Activities, NACEBEL
17210Manufacture of paper and paper products
46900Non-specialised wholesale trade
51900
46649Wholesale of other machinery and equipment
51872
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.