LG PACKAGING
ActiveThe computed 12-month bankruptcy probability of LG PACKAGING is 1.6% (moderate). The 2024 annual accounts show equity of €35k and a net result of €7k. Equity is growing by ~33.9% per year across the filed fiscal years. Its solvency ranks better than 84% of 9520 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
93
/ 100
Excellent▼ -7 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency100=
Growth52▼-26
Stability94
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 5.57 against 3.09 in 2023), and 16.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
83.8%
Return on assets
16.9%
Age of the figures
20 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-06-2025, 44 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
44 d early
2023
12 d early
2022
6 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€35k▲ 25.2%
2023 · €28k
2022: €16k
2023: €28k
2022 → 2024
Total assets
€42k▲ 8.2%
2023 · €39k
2022: €34k
2023: €39k
2022 → 2024
Net result
€7k▼ 40.9%
2023 · €12k
2022: €7k
2023: €12k
2022 → 2024
Working capital
€31k▲ 38.8%
2023 · €22k
2022: €9k
2023: €22k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€16k-€28k▲ 74.3%€35k▲ 25.2%
Operating result€11k-€19k▲ 76.8%€14k▼ 28.2%
Net result€7k-€12k▲ 69.0%€7k▼ 40.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 28% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €42k
Fixed assets
€4k▼ 28.2%
Current assets
€38k▲ 14.4%
Equity and liabilities €42k
Equity
€35k▲ 25.2%
Debt
€7k▼ 36.6%
The debt ratio falls from 27.6% to 16.2%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€15k▼
2023 · €20k
Cash flow
€9k▼
2023 · €14k
Solvency
83.8%▲
2023 · 72.4%
Current ratio
5.57▲
2023 · 3.09
Quick ratio
5.57▲
2023 · 3.09
Debt / equity
0.19▼
2023 · 0.38
ROE
20.1%▼
2023 · 42.6%
ROA
16.9%▼
2023 · 30.9%
Interest coverage
108.58▼
2023 · 163.17
Debt
€7k▼
2023 · €11k
Debt ≤ 1 year
€7k▼
2023 · €11k
Income taxes
€6k▼
2023 · €7k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€39k€42k▲
Fixed assets21/28€6k€4k▼
Tangible fixed assets22/27€6k€4k▼
Furniture and vehicles24€6k€4k▼
Current assets29/58€33k€38k▲
Amounts receivable within one year40/41€8k€8k▼
Trade receivables40€7k€7k▼
Other amounts receivable41€810€1k▲
Cash at bank and in hand54/58€25k€30k▲
Equity and liabilities
Total equity and liabilities10/49€39k€42k▲
Equity10/15€28k€35k▲
Contributions10/11€9k€9k=
Profit (loss) carried forward14€19k€26k▲
Amounts payable17/49€11k€7k▼
Amounts payable within one year42/48€11k€7k▼
Trade debts44€4k€4k▲
Suppliers440/4€4k€4k▲
Taxes, remuneration and social security45€6k€3k▼
Taxes450/3€6k€3k▼
Other amounts payable47/48€1k€57▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k=
Other operating charges640/8€208€544▲
Non-recurring operating charges66A€46€0▼
Gross operating margin9900€21k€16k▼
Operating profit (loss)9901€19k€14k▼
Financial charges65/66B€125€139▲
Recurring financial charges65€125€139▲
Profit (loss) for the period before taxes9903€19k€13k▼
Income taxes67/77€7k€6k▼
Profit (loss) for the period9904€12k€7k▼
Profit (loss) for the period to be appropriated9905€12k€7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€19k€26k▲
Profit (loss) brought forward from the previous period14P€7k€19k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €7k ▼40.9%
Net result drops to €7k, the lowest in the series.
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2022net €12k ▲69%
Operating result €19k, net result €12k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 3.09
Current ratio from 1.50 to 3.09; short-term debt falls from €18k to €11k.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Anderlecht · 1 establishment unit since 2022
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.
Britse-Soldaatlaan 16/00031070 AnderlechtGround area
370 m²
Building footprint
107 m²
Volume, LiDAR
965 m³
Parcel 21307E0128/00Z000, Brussels · tallest building 11.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Britse-Soldaatlaan 16, 1070 Anderlecht
since 20222.329.746.592
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21307E0128/00Z000 | Brussels | 370 m² | 1 · 107 m² | 11.9 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 24,423 companies in sector 82990 we hold annual accounts for 9,361. 6,510 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-01-2022
Fiscal year end31-12
Activities, NACEBEL
82990Other business support services
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:lucienguerrisi@gmail.com