NEOPACK
ActiveSummary
NEOPACK has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.06M and a net result of €-501k. Equity is growing by ~8% per year across the filed fiscal years. Its solvency ranks better than 19% of 5989 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability33▼-19
Solvency40▼-5
Growth35=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity short (current ratio 0.81 against 1.19 in 2023; short-term debt: 45.3% and cash: 0.7% of total assets), and 85.3% of the assets are financed with debt.
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Signals
Seven 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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← 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
14.7%
Return on assets
-7%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 5989 sector peers (2024).
NBB · sector comparisonPosition among 5989 sector peers
Solvency
better than 19%
← weakest
strongest →
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 01-07-2025, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
30 d early
2023
41 d early
2022
12 d early
2021
47 d early
2020
37 d early
2019
8 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€7.19M▼ 29.2%
2023 · €10.16M
EBIT margin
-4.6%▼ 6.1pp
2023 · 1.5%
Net result
€-501k
2023 · €67k
Working capital
€-616k
2023 · €572k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€13.34M€10.16M▼ 23.9%€7.19M▼ 29.2%
Operating result€416k▲ 4.4%€1.06M▲ 155%€-478k€149k€-332k
Net result€274k▼ 6.8%€829k▲ 203%€-530k€67k€-501k
EBIT margin-3.6%1.5%▲ 5.1pp-4.6%▼ 6.1pp
Equity€1.30M▲ 23.8%€1.98M▲ 52.3%€1.35M▼ 31.8%€1.61M▲ 19.4%€1.06M▼ 34.1%
Total assets€5.46M▲ 11.3%€5.87M▲ 7.5%€7.15M▲ 21.9%€8.16M▲ 14.1%€7.19M▼ 11.9%
Debt€4.16M▲ 7.9%€3.89M▼ 6.5%€5.80M▲ 49.2%€6.55M▲ 12.9%€6.13M▼ 6.4%
Working capital€338k▲ 12.1%€1.38M▲ 307%€665k▼ 51.7%€572k▼ 14.0%€-616k
Staff (FTE)14.1▲ 20.5%16.8▲ 19.1%19▲ 13.1%23.3▲ 22.6%25▲ 7.3%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €332k after €149k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €7.19M
Fixed assets
€4.55M ▲ 0.6%
Current assets
€2.65M ▼ 27.4%
Equity and liabilities €7.19M
Equity
€1.06M ▼ 34.1%
Debt
€6.13M ▼ 6.4%
Debt's share of the balance-sheet total rises from 80.3% to 85.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€411k▼
2023 · €768k
Cash flow
€242k▼
2023 · €686k
Current ratio
0.81▼
2023 · 1.19
Quick ratio
0.42▼
2023 · 0.65
Debt to equity
5.78▲
2023 · 4.07
ROE
-47.2%▼
2023 · 4.2%
ROA
-7.0%▼
2023 · 0.8%
Interest coverage
2.09▼
2023 · 3.97
Debt ≤ 1 year
€3.26M▲
2023 · €3.07M
Debt > 1 year
€2.83M▼
2023 · €3.42M
Income taxes
€-3k▼
2023 · €2k
Staff costs
€1.47M▲
2023 · €1.39M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | €13.50M | €10.31M | €7.72M | ▼ 25.1% |
| Turnover70 | - | - | €13.34M | €10.16M | €7.19M | ▼ 29.2% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | - | - | - | €364k | - |
| Other operating income74 | - | - | €159k | €154k | €146k | ▼ 5.4% |
| Non-recurring operating income76A | - | €21k | €0 | €3k | €19k | ▲ 459% |
| Operating charges60/66A | - | - | €13.98M | €10.16M | €8.05M | ▼ 20.8% |
| Goods for resale, raw materials and consumables60 | - | - | €9.17M | €5.95M | €3.94M | ▼ 33.8% |
| Purchases600/8 | - | - | €10.01M | €5.57M | €3.13M | ▼ 43.9% |
| Change in stocks: decrease (increase)609 | - | - | €-837k | €378k | €815k | ▲ 115% |
| Services and other goods61 | - | - | €2.52M | €2.39M | €1.95M | ▼ 18.7% |
| Remuneration, social security and pensions62 | - | €854k | €1.13M | €1.39M | €1.47M | ▲ 5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €566k | €550k | €567k | €618k | €743k | ▲ 20.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €-8k | €494k | €-243k | €-75k | ▲ 68.9% |
| Other operating charges640/8 | - | €50k | €92k | €52k | €20k | ▼ 62.4% |
| Non-recurring operating charges66A | - | €14k | €9k | €280 | €6k | ▲ 1,988% |
| Gross operating margin9900 | €1.76M | €2.52M | - | - | - | - |
| Operating profit (loss)9901 | €416k | €1.06M | €-478k | €149k | €-332k | ▼ 323% |
| Financial income75/76B | - | €739 | €12k | €121k | €35k | ▼ 70.7% |
| Recurring financial income75 | €0 | €739 | €12k | €121k | €35k | ▼ 70.7% |
| Income from current assets751 | - | - | €12k | €6k | €0 | ▼ 100% |
| Other financial income752/9 | - | - | €833 | €115k | €35k | ▼ 69.0% |
| Financial charges65/66B | - | €60k | €61k | €201k | €207k | ▲ 3.2% |
| Recurring financial charges65 | €92k | €60k | €61k | €201k | €207k | ▲ 3.2% |
| Debt charges650 | - | - | €53k | €194k | €197k | ▲ 1.7% |
| Other financial charges652/9 | - | - | €8k | €7k | €10k | ▲ 43.4% |
| Profit (loss) for the period before taxes9903 | €324k | €1.00M | €-527k | €70k | €-504k | ▼ 824% |
| Income taxes67/77 | €50k | €171k | €3k | €2k | €-3k | ▼ 221% |
| Taxes670/3 | - | - | €3k | €2k | €124 | ▼ 94.6% |
| Tax adjustments and reversals of tax provisions77 | - | - | €0 | - | €3k | - |
| Profit (loss) for the period9904 | €274k | €829k | €-530k | €67k | €-501k | ▼ 844% |
| Profit (loss) for the period to be appropriated9905 | €274k | €829k | €-530k | €67k | €-501k | ▼ 844% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.46M | €5.87M | €7.15M | €8.16M | €7.19M | ▼ 11.9% |
| Fixed assets21/28 | €2.21M | €1.39M | €2.22M | €4.52M | €4.55M | ▲ 0.6% |
| Intangible fixed assets21 | - | €4k | €36k | €29k | €44k | ▲ 54.6% |
| Tangible fixed assets22/27 | €2.21M | €1.39M | €2.18M | €4.49M | €4.50M | ▲ 0.3% |
| Land and buildings22 | - | €0 | - | - | - | - |
| Plant, machinery and equipment23 | - | €1.16M | €1.39M | €1.34M | €1.45M | ▲ 8.2% |
| Furniture and vehicles24 | - | €29k | €25k | €37k | €33k | ▼ 9.4% |
| Leasing and similar rights25 | - | €192k | €583k | €2.89M | €2.80M | ▼ 3.1% |
| Other tangible fixed assets26 | - | €2k | €183k | €228k | €224k | ▼ 1.7% |
| Financial fixed assets28 | - | €288 | €288 | €288 | €288 | = |
| Other financial fixed assets284/8 | - | - | €288 | €288 | €288 | = |
| Amounts receivable and cash guarantees285/8 | - | - | €288 | €288 | €288 | = |
| Current assets29/58 | €3.25M | €4.48M | €4.94M | €3.64M | €2.65M | ▼ 27.4% |
| Amounts receivable after more than one year29 | - | €350k | €430k | €0 | - | - |
| Other amounts receivable291 | - | €350k | €430k | €0 | - | - |
| Stocks and contracts in progress3 | €918k | €1.31M | €2.00M | €1.64M | €1.27M | ▼ 22.8% |
| Stocks30/36 | - | €1.31M | €2.00M | €1.64M | €1.27M | ▼ 22.8% |
| Raw materials and consumables30/31 | - | - | €618k | €329k | €222k | ▼ 32.4% |
| Finished goods33 | - | - | - | - | €364k | - |
| Goods purchased for resale34 | - | - | €1.38M | €1.31M | €682k | ▼ 48.1% |
| Amounts receivable within one year40/41 | €2.18M | €2.57M | €2.21M | €1.81M | €1.25M | ▼ 31.1% |
| Trade receivables40 | - | €2.57M | €2.11M | €1.65M | €1.25M | ▼ 24.4% |
| Other amounts receivable41 | - | - | €98k | €160k | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €123k | €200k | €270k | €136k | €47k | ▼ 65.6% |
| Deferred charges and accrued income490/1 | - | €46k | €24k | €50k | €81k | ▲ 60.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.46M | €5.87M | €7.15M | €8.16M | €7.19M | ▼ 11.9% |
| Equity10/15 | €1.30M | €1.98M | €1.35M | €1.61M | €1.06M | ▼ 34.1% |
| Contributions10/11 | €99k | €99k | €99k | €99k | €99k | = |
| Capital10 | - | €99k | €99k | €99k | €99k | = |
| Issued capital100 | - | €99k | €99k | €99k | €99k | = |
| Reserves13 | €1.20M | €1.88M | €1.25M | €1.32M | €816k | ▼ 38.1% |
| Non-distributable reserves130/1 | - | €10k | €10k | €10k | €10k | = |
| Legal reserve130 | - | €10k | €10k | €10k | €10k | = |
| Distributable reserves133 | - | €1.87M | €1.24M | €1.31M | €806k | ▼ 38.4% |
| Profit (loss) carried forward14 | - | €0 | - | - | - | - |
| Investment grants15 | - | - | - | €194k | €146k | ▼ 24.7% |
| Amounts payable17/49 | €4.16M | €3.89M | €5.80M | €6.55M | €6.13M | ▼ 6.4% |
| Amounts payable after more than one year17 | €1.23M | €774k | €1.50M | €3.42M | €2.83M | ▼ 17.0% |
| Financial debts170/4 | - | €359k | €871k | €2.49M | €1.91M | ▼ 23.4% |
| Leasing and similar obligations172 | - | - | €462k | €2.19M | €1.73M | ▼ 20.8% |
| Credit institutions173 | - | - | €409k | €301k | €173k | ▼ 42.4% |
| Other amounts payable178/9 | - | €415k | €630k | €927k | €927k | = |
| Amounts payable within one year42/48 | €2.91M | €3.10M | €4.27M | €3.07M | €3.26M | ▲ 6.2% |
| Current portion of amounts payable after more than one year42 | - | €297k | €471k | €730k | €699k | ▼ 4.2% |
| Financial debts43 | - | €1.07M | €1.41M | €1.47M | €1.54M | ▲ 4.5% |
| Credit institutions430/8 | - | €1.07M | €1.41M | €1.47M | €1.54M | ▲ 4.5% |
| Trade debts44 | €1.25M | €1.21M | €1.98M | €643k | €832k | ▲ 29.3% |
| Suppliers440/4 | - | €1.21M | €1.98M | €643k | €832k | ▲ 29.3% |
| Taxes, remuneration and social security45 | - | €375k | €303k | €228k | €194k | ▼ 14.8% |
| Taxes450/3 | - | €272k | €166k | €65k | €31k | ▼ 52.6% |
| Remuneration and social security454/9 | - | €103k | €137k | €163k | €163k | ▲ 0.1% |
| Other amounts payable47/48 | - | €150k | €105k | €0 | €612 | - |
| Accrued charges and deferred income492/3 | - | €16k | €33k | €67k | €38k | ▼ 43.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €274k | €829k | €-530k | €67k | €-501k | ▼ 844% |
| + Depreciation and write-downs630 | €566k | €550k | €567k | €618k | €743k | ▲ 20.2% |
| Operating cash flow (approximation) | €840k | €1.38M | €38k | €686k | €242k | ▼ 64.7% |
| Investment in fixed assets (approximation) | - | €269k | €-1.39M | €-2.92M | €-770k | ▲ 73.6% |
| Change in cash | - | €76k | €70k | €-133k | €-90k | ▲ 32.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €67k
Net result €67k after one loss-making year.
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €-530k
Net result drops to €-530k, the lowest in the series; recovery starts the following year.
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €829k ▲203%
Operating result €1.06M, net result €829k, both a record.
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €1MEq €1.05M ▲34.6%
2 profitable years in a row build equity to €1.05M.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
07-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
20-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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
Registered office, Aalst · 2 establishment units since 1992
Ground area
2.4 ha
Building footprint
6,349 m²
2 parcels, Flanders, Wallonia. Linked by address, not a title deed.
3
companies at this address
See who is registered here
2 establishment units
NEOPACK NV
since 19922.055.635.579
NEOPACK NV
since 20162.257.294.720
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92410C0006/00V003 | Wallonia | 1.3 ha | - | - |
| 41342B1026/00D000 | Flanders | 1.1 ha | 1 · 6,349 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 152 EUR awarded · 152 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 152 EUR | 152 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
2 sitesAalst2.055.635.579
Andenne2.257.294.720
Legal Entity Identifier
5493005DO05BDE0FCR79
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Of 1,566 companies in sector 46900 we hold annual accounts for 920. 611 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded17-12-1991
Fiscal year end31-12
Activities, NACEBEL 2025
22220Manufacture of rubber and plastic products
46900Non-specialised wholesale trade
Contact
Scores and ratios are computed by Checked and are not a credit decision.