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Nexus Packaging

Active
Private limited companyfounded 20196 yrs activeOktrooiplein 1, 9000 Gent, BelgiumKBO/BCE: BE 0737.393.604
Summary

The computed 12-month bankruptcy probability of Nexus Packaging is 1.8% (moderate). The 2025 annual accounts show equity of €69,287 and a net result of -€5,641. Equity is growing by ~16.1% per year across the filed fiscal years. Its solvency ranks better than 65% of 8161 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability25▼-15
Solvency85▲+8
Growth52=
Track record100
Bankruptcy probability, 12 months
1.8% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity ample (current ratio 2.47 against 2.1 in 2024; short-term debt: 40.5% and cash: 59.3% of total assets), and 40.5% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
+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 date
Age against the risk zone
highest failure risk from 2 to 8 years 6 years 0 10 y
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 2025
Solvency, return and age of the figures
Solvency
59.5%
Return on assets
-4.8%
Age of the figures
18 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
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 25-09-2025, 36 days ahead of the deadline.
NBB · 5 filings
Deviation from the deadline
2025
36 d early
2024
9 d early
2023
42 d late
2022
88 d late
2021
10 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 19 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 10 November (4 of the last 5 filed years within 46 days of that day).
Companies Code · seven months
Position in the running window
31-03-2026 close29-09-2026 today31-10-2026 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 5 November 2019, Nexus Packaging was incorporated as a Private limited company.1 Total assets went from EUR 377,248 in 2021 to EUR 116,446 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2021 and 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€69,287▼ 7.5%
2024 · €74,927
Total assets
€116,446▼ 18.5%
2024 · €142,856
Net result
-€5,641
2024 · €1,573
Working capital
€69,287▼ 7.5%
2024 · €74,927
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result€19,979-€43,170▲ 116%€27,990▼ 35.2%€3,496▼ 87.5%-€4,255
Net result€13,083within the sector's middle half-€30,326within the sector's middle half▲ 132%€19,946within the sector's middle half▼ 34.2%€1,573within the sector's middle half▼ 92.1%-€5,641below the sector's middle half
Equity€23,083below the sector's middle half-€53,409below the sector's middle half▲ 131%€73,355below the sector's middle half▲ 37.3%€74,927below the sector's middle half▲ 2.1%€69,287below the sector's middle half▼ 7.5%
Total assets€377,248below the sector's middle half-€128,063below the sector's middle half▼ 66.1%€445,257below the sector's middle half▲ 248%€142,856below the sector's middle half▼ 67.9%€116,446below the sector's middle half▼ 18.5%
Debt€354,165-€74,654▼ 78.9%€371,902▲ 398%€67,929▼ 81.7%€47,159▼ 30.6%
Working capital€23,083below the sector's middle half-€53,409below the sector's middle half▲ 131%€73,355within the sector's middle half▲ 37.3%€74,927within the sector's middle half▲ 2.1%€69,287within the sector's middle half▼ 7.5%
Solvency6.1%below the sector's middle half-41.7%within the sector's middle half▲ 35.6pp16.5%below the sector's middle half▼ 25.2pp52.4%within the sector's middle half▲ 36.0pp59.5%within the sector's middle half▲ 7.1pp
Current ratio1.07below the sector's middle half-1.72within the sector's middle half▲ 0.651.20within the sector's middle half▼ 0.522.10within the sector's middle half▲ 0.912.47within the sector's middle half▲ 0.37
Return on assets (ROA)3.5%within the sector's middle half-23.7%above the sector's middle half▲ 20.2pp4.5%within the sector's middle half▼ 19.2pp1.1%within the sector's middle half▼ 3.4pp-4.8%below the sector's middle half▼ 5.9pp
above within below the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000€0€20,000€40,000Operating result 2021: €19,979€19,979Net result 2021: €13,083€13,083Operating result 2022: €43,170€43,170Net result 2022: €30,326€30,326Operating result 2023: €27,990€27,990Net result 2023: €19,946€19,946Operating result 2024: €3,496€3,496Net result 2024: €1,573€1,573Operating result 2025: -€4,255-€4,255Net result 2025: -€5,641-€5,64120212022202320242025-€10,000€0€10,000€20,000€30,000Operating result 2023: €27,990€28,000Net result 2023: €19,946€19,900Operating result 2024: €3,496€3,500Net result 2024: €1,573€1,570Operating result 2025: -€4,255-€4,250Net result 2025: -€5,641-€5,640202320242025
The operating result turns negative in 2025: a loss of €4,255 after €3,496 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €116,446
Equity €69,287 ▼ 7.5%
Debt €47,159 ▼ 30.6%
Debt's share of the balance-sheet total falls from 47.6% to 40.5%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
Debt to equity
0.68▼
2024 · 0.91
ROE
-8.1%▼
2024 · 2.1%
Debt ≤ 1 year
€47,159▼
2024 · €67,929
Income taxes
€0▼
2024 · €730
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,441 companies that looked in July 2024 the way this one looks now, 2.3% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a small loss
2.3% went bankrupt
7.5% stopped otherwise
90% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.8% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 3,441 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 29 lines
Balance sheet Code20242025
Assets
Total assets20/58€142,856€116,446▼
Current assets29/58€142,856€116,446▼
Amounts receivable within one year40/41€95,543€46,643▼
Trade receivables40€86,526€44,403▼
Other amounts receivable41€9,018€2,240▼
Cash at bank and in hand54/58€46,730€69,004▲
Deferred charges and accrued income490/1€582€799▲
Equity and liabilities
Total equity and liabilities10/49€142,856€116,446▼
Equity10/15€74,927€69,287▼
Contributions10/11€10,000€10,000=
Profit (loss) carried forward14€64,927€59,287▼
Amounts payable17/49€67,929€47,159▼
Amounts payable within one year42/48€67,929€47,159▼
Trade debts44€55,253€18,203▼
Suppliers440/4€55,253€18,203▼
Taxes, remuneration and social security45€11,334€615▼
Taxes450/3€11,334€615▼
Other amounts payable47/48€1,341€28,341▲
Income statement Code20242025
Other operating charges640/8€479€11,891▲
Gross operating margin9900€3,975€7,637▲
Operating profit (loss)9901€3,496-€4,255▼
Financial charges65/66B€1,193€1,386▲
Recurring financial charges65€1,193€1,386▲
Profit (loss) for the period before taxes9903€2,303-€5,641▼
Income taxes67/77€730€0▼
Profit (loss) for the period9904€1,573-€5,641▼
Profit (loss) for the period to be appropriated9905€1,573-€5,641▼
Appropriation of the result
Profit (loss) to be appropriated9906€64,927€59,287▼
Profit (loss) brought forward from the previous period14P€63,355€64,927▲

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Other operating charges640/8--€556€479€11,891▲ 2,382%
Gross operating margin9900€19,979€43,170€28,546€3,975€7,637▲ 92.1%
Operating profit (loss)9901€19,979€43,170€27,990€3,496-€4,255▼ 222%
Financial charges65/66B-€1,805€783€1,193€1,386▲ 16.2%
Recurring financial charges65€858€1,805€783€1,193€1,386▲ 16.2%
Profit (loss) for the period before taxes9903€19,121€41,365€27,206€2,303-€5,641▼ 345%
Income taxes67/77€6,038€11,039€7,261€730€0▼ 100%
Profit (loss) for the period9904€13,083€30,326€19,946€1,573-€5,641▼ 459%
Profit (loss) for the period to be appropriated9905€13,083€30,326€19,946€1,573-€5,641▼ 459%
Line20212022202320242025Change
Assets
Total assets20/58€377,248€128,063€445,257€142,856€116,446▼ 18.5%
Current assets29/58€377,248€128,063€445,257€142,856€116,446▼ 18.5%
Amounts receivable within one year40/41€301,744€56,628€255,948€95,543€46,643▼ 51.2%
Trade receivables40-€55,720€230,153€86,526€44,403▼ 48.7%
Other amounts receivable41-€908€25,794€9,018€2,240▼ 75.2%
Cash at bank and in hand54/58€75,504€71,436€189,309€46,730€69,004▲ 47.7%
Deferred charges and accrued income490/1---€582€799▲ 37.1%
Equity and liabilities
Total equity and liabilities10/49€377,248€128,063€445,257€142,856€116,446▼ 18.5%
Equity10/15€23,083€53,409€73,355€74,927€69,287▼ 7.5%
Contributions10/11-€10,000€10,000€10,000€10,000=
Profit (loss) carried forward14€13,083€43,409€63,355€64,927€59,287▼ 8.7%
Amounts payable17/49€354,165€74,654€371,902€67,929€47,159▼ 30.6%
Amounts payable within one year42/48€354,165€74,654€371,902€67,929€47,159▼ 30.6%
Trade debts44€321,515€56,236€352,260€55,253€18,203▼ 67.1%
Suppliers440/4-€56,236€352,260€55,253€18,203▼ 67.1%
Taxes, remuneration and social security45-€17,077€18,300€11,334€615▼ 94.6%
Taxes450/3-€17,077€18,300€11,334€615▼ 94.6%
Other amounts payable47/48-€1,341€1,341€1,341€28,341▲ 2,013%
Line20212022202320242025Change
Profit (loss) for the period9904€13,083€30,326€19,946€1,573-€5,641▼ 459%
Operating cash flow (approximation)€13,083€30,326€19,946€1,573-€5,641▼ 459%
Change in cash--€4,069€117,873-€142,579€22,274▲ 116%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-10-2026
2026
24-03
State Gazette act Resignation: Mark FERGUSON (non-statutory director)
Appointment: BV VGD Bedrijfsrevisoren (statutory auditor) · Permanent representative: Peter Bruggeman · Director discharge7 facts ▸
  • General meeting, 28/11/2025
  • Director resignation, Mark FERGUSON (non-statutory director)
  • Director discharge, Mark FERGUSON
  • Auditor appointment, BV VGD Bedrijfsrevisoren (statutory auditor)
  • Permanent representative, Peter Bruggeman
  • Mandate compensation, BV VGD Bedrijfsrevisoren
  • Power of attorney, BV Crowe Spark Accountants en Belastingadviseurs
2025
25-09
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial Weakest financial yearnet -€5,641
Net result drops to -€5,641, the lowest in the series.
2024
22-10
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
12-12
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema · 42 days late
27-01
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema · 88 days late
2022
31-03
Financial Highest result since 2021net €30,326 ▲132%
Operating result €43,170, net result €30,326, both a record.
2021
10-11
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema · 10 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts

Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
no sitting director, last change in 2025

Statutory auditor 1

VGD Bedrijfsrevisoren
Statutory auditor · since 24-03-2026 · perm. rep.: Peter Bruggeman
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
3 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2019
seat establishment The establishment unit on the map
Ground area
1,619 m²
Building footprint
1,590 m²
Volume, LiDAR
9,034 m³
Parcel 44807G0728/02L013, Flanders · tallest building 18.6 m, ±1 floor. Linked by address, not a title deed.
130 companies at this address See who is registered here
1 establishment unit
Nexus Packaging
Oktrooiplein 1, 9000 GentManufacture of paper and paper products
since 20192.295.955.356
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44807G0728/02L013 Flanders 1,619 m² 1 · 1,590 m² 18.6 m · 1 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Mandate history

2 people since 2025, 1 in office
Show
  • Board
  • Statutory auditor
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
VGD Bedrijfsrevisoren
  • Statutory auditor, from 24-03-2026 to date
Mark FERGUSON
  • Non-statutory director, until 04-04-2025
See the board, name and seat on a given date →

Structure & network

Owners and holdings

1 owner

Chain of control

  1. CAMENIR GROUPGB 100%
  2. Nexus Packaging

Highest known parent: CAMENIR GROUP (United Kingdom). The sources do not say who stands above it.

Owners 1

Holdings 0

The accounts to 31-03-2025 list no holdings, and no other source names one.

According to the annual accounts to 31-03-2025 of Nexus Packaging and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 6,146 companies in sector 46190 we hold annual accounts for 2,577. 1,969 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded05-11-2019
Fiscal year end31-03
Activities, NACEBEL 2025
46190Agents in non-specialised wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID 0208:0737393604
Registered 27-03-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.