NEW PRODUCT-PACKLAB
ActiveNEW PRODUCT-PACKLAB has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-1.34M) and a net result of €-311k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 9039 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
28
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability7▲+6
Solvency0=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.75 against 0.84 in 2023; short-term debt: 110.9% and cash: 0.7% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-40%
Return on assets
-9.3%
Age of the figures
21 mo
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
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-1.34M
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
40 d late
2022
47 d late
2021
24 d late
2020
1 d early
2019
69 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€-1.34M▼ 30.9%
2023 · €-1.02M
2018: €-2.33M
2019: €-2.62M
2020: €130k
2021: €-7k
2022: €-468k
2023: €-1.02M
2018 → 2024
Total assets
€3.34M▼ 8.4%
2023 · €3.65M
2018: €3.00M
2019: €2.80M
2020: €3.92M
2021: €3.50M
2022: €3.65M
2023: €3.65M
2018 → 2024
Net result
€-311k▲ 39.6%
2023 · €-516k
2018: €-470k
2019: €-294k
2020: €2.78M
2021: €-100k
2022: €-423k
2023: €-516k
2018 → 2024
Working capital
€-935k▼ 65.9%
2023 · €-563k
2018: €-3.65M
2019: €-3.57M
2020: €-591k
2021: €-221k
2022: €-306k
2023: €-563k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€130k-€-7k€-468k▼ 6,180%€-1.02M▼ 118%€-1.34M▼ 30.9%
Operating result€-294k-€-17k▲ 94.1%€-435k▼ 2,429%€-341k▲ 21.7%€-166k▲ 51.2%
Net result€2.78M-€-100k€-423k▼ 323%€-516k▼ 21.9%€-311k▲ 39.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €166k in 2024 against €341k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.34M
Fixed assets
€572k▼ 16.9%
Current assets
€2.77M▼ 6.4%
Key figures and ratios
EBITDA
€-49k▲
2023 · €-146k
Cash flow
€-194k▲
2023 · €-321k
Solvency
-40.0%▼
2023 · -28.0%
Current ratio
0.75▼
2023 · 0.84
Quick ratio
0.75▼
2023 · 0.84
Debt / equity
-3.46▲
2023 · -4.52
ROA
-9.3%▲
2023 · -14.1%
Interest coverage
-0.33▲
2023 · -0.64
Debt
€4.63M▲
2023 · €4.61M
Debt ≤ 1 year
€3.71M▲
2023 · €3.52M
Debt > 1 year
€699k▼
2023 · €880k
Income taxes
€-196
Staff costs
€373k▼
2023 · €398k
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€3.65M€3.34M▼
Fixed assets21/28€688k€572k▼
Tangible fixed assets22/27€688k€572k▼
Plant, machinery and equipment23€686k€569k▼
Furniture and vehicles24€2k€2k▲
Current assets29/58€2.96M€2.77M▼
Amounts receivable within one year40/41€2.85M€2.66M▼
Trade receivables40€1.03M€1.33M▲
Other amounts receivable41€1.82M€1.33M▼
Current investments50/53€75k€84k▲
Cash at bank and in hand54/58€27k€24k▼
Deferred charges and accrued income490/1€4k€582▼
Equity and liabilities
Total equity and liabilities10/49€3.65M€3.34M▼
Equity10/15€-1.02M€-1.34M▼
Contributions10/11€600k€600k=
Capital10€600k€600k=
Issued capital100€600k€600k=
Reserves13€47k€47k=
Non-distributable reserves130/1€47k€47k=
Reserves not available under the articles1311€47k€47k=
Profit (loss) carried forward14€-1.80M€-2.11M▼
Investment grants15€130k€126k▼
Provisions and deferred taxes16€55k€53k▼
Deferred taxes168€55k€53k▼
Amounts payable17/49€4.61M€4.63M▲
Amounts payable after more than one year17€880k€699k▼
Financial debts170/4€880k€699k▼
Amounts payable within one year42/48€3.52M€3.71M▲
Current portion of amounts payable after more than one year42€178k€178k=
Financial debts43€1.82M€2.03M▲
Credit institutions430/8€1.82M€2.03M▲
Trade debts44€329k€249k▼
Suppliers440/4€329k€249k▼
Taxes, remuneration and social security45€59k€95k▲
Taxes450/3€59k€54k▼
Remuneration and social security454/9-€41k
Other amounts payable47/48€1.13M€1.15M▲
Accrued charges and deferred income492/3€211k€220k▲
Income statement
Code20232024
Remuneration, social security and pensions62€398k€373k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€195k€118k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€3k
Other operating charges640/8€2k€2k▲
Gross operating margin9900€255k€330k▲
Operating profit (loss)9901€-341k€-166k▲
Financial income75/76B€53k-
Recurring financial income75€53k-
Financial charges65/66B€228k€145k▼
Recurring financial charges65€228k€145k▼
Profit (loss) for the period before taxes9903€-516k€-312k▲
Income taxes67/77-€-196
Profit (loss) for the period9904€-516k€-311k▲
Profit (loss) for the period to be appropriated9905€-516k€-311k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-1.80M€-2.11M▼
Profit (loss) brought forward from the previous period14P€-1.28M€-1.80M▼
Social balance
Average headcount (FTE)90871.710.9▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 31 days late
2024
09-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 40 days late
2023
31-12
Financial
Weakest financial yearnet €-516k
Net result drops to €-516k, the lowest in the series; recovery starts the following year.
16-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 47 days late
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 24 days late
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €2.78M
Net result €2.78M after 2 loss-making years.
31-12
Financial
Equity above €100kEq €130k
Equity rises from €-2.62M to €130k.
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 69 days late
2019
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
23-06
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.
Directors · office · real estate
Directors
4 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, Westerlo · 1 establishment unit since 2013
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.
Houtstraat 12260 WesterloGround area
1,591 m²
Building footprint
530 m²
Volume, LiDAR
2,635 m³
Parcel 13028C0286/00B000, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
New Product - Packlab
since 20132.217.288.851
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13028C0286/00B000 | Flanders | 1,591 m² | 1 · 530 m² | 8.0 m · 2 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.
Similar companies · same sector, comparable size
All In Box
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TAG Digital
BE 0739.901.548
Dinant · Eq €135k
NISSA HB
BE 0753.805.410
Sint-Jans-Molenbeek · Eq €136k
ART DIFFUSION TRADE
BE 0463.226.468
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TEXION GEOKUNSTSTOFFEN
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Of 432 companies in sector 46869 we hold annual accounts for 244. 144 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded22-02-2013
Fiscal year end31-12
Activities, NACEBEL
46649Wholesale of other machinery and equipment
46869Wholesale trade
46190Agents in non-specialised wholesale trade
64200Holdings
64210Activities of holding companies
70200Business and other management consultancy
70220Business consulting
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.