NOPACK

Active

Private limited companyfounded 20215 yrs activeAbdijstraat 17, 1050 Elsene, BelgiumKBO/BCE: BE 0764.799.270

Summary

The computed 12-month bankruptcy probability of NOPACK is 19.0% (high). The annual accounts of NOPACK for fiscal year 2024 show a net loss of 51% of total assets and of 227% of the equity at the start of that year. The 2024 annual accounts show equity of €3,670 and a net result of -€8,326. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 34% of 59 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).

Risk analysisWatch Report Compare

NOPACKActiveChecked score 13/100

Risk analysis Report Compare

Activity

Manufacture of paper and paper products

NACE 17210

1 site

Size

€16,470total assets 2024

Equity: €3,670
Loss: -€8,326

Turnover not published (abridged schema)

Financial health

13 Critical Checked score 2024

Bankruptcy chance 12 m: 19.0%

Structure

Accounts 63 d overdue0 of 3 deeds read

Why 13- 1 change of registered office in 24 months- Ex-officio strike-off in the KBO- Figures for FY 2024 (filed 31-08-2025)- 1 financial year not filed after the legal deadline; latest accounts 31 days late; 3 of the last 3 lateShow the evidence

Checked score

Score 2024

13 / 100

Critical

Probability in this band: over 15.0%

Better than 22% of its sector peers (NACE 17, micro)

Performance against the sector, not lower risk

Every signal that weighs is under Signals.

Financial strength · tick = 2023

Weak

Solvency 47-10

equity 22.3% of total assets

Liquidity 15+1

short-term debt 77.7%

Profitability 0-100

return on assets -50.6%

Bankruptcy probability, 12 months

19.0% High

0%0.5%1.5%4%10%≥ 25%

About 1 in 5 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (113 companies)

Last 19 months 04-2025: ≥ 25% 05-2025: ≥ 25%● 0.0% vs 04-2025 06-2025: ≥ 25%▼ -0.9% vs 05-2025 07-2025: ≥ 25%● 0.0% vs 06-2025 08-2025: ≥ 25%▲ +13.7% vs 07-2025highest value 09-2025: 10.4%▼ -68.1% vs 08-2025 10-2025: 10.4%● 0.0% vs 09-2025 11-2025: 10.4%● 0.0% vs 10-2025 12-2025: 10.4%● 0.0% vs 11-2025 01-2026: 10.4%● 0.0% vs 12-2025 02-2026: 10.2%▼ -1.9% vs 01-2026lowest value 03-2026: 10.5%▲ +2.7% vs 02-2026 04-2026: 11.1%▲ +5.6% vs 03-2026 05-2026: 12.0%▲ +7.8% vs 04-2026 06-2026: 12.4%▲ +4.1% vs 05-2026 07-2026: 12.3%▼ -0.9% vs 06-2026 08-2026: 13.2%▲ +7.1% vs 07-2026 09-2026: 14.4%▲ +8.7% vs 08-2026 10-2026: 19.0%▲ +32.4% vs 09-2026

1 change of registered office in 24 months raises the probability
Ex-officio strike-off in the KBO raises the probability
Figures for FY 2024 (filed 31-08-2025) raises the probability
1 financial year not filed after the legal deadline; latest accounts 31 days late; 3 of the last 3 late raises the probability

No credit on open account

Liquidity short (current ratio 0.79 against 0.24 in 2023; short-term debt: 77.7% of total assets), and 77.7% of the assets are financed with debt.

How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 17, micro). Better than this share of them on solvency 28%, liquidity 20%, profitability 5%, growth against the median 37%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

1 change of registered office in 24 months

In the bankruptcy model this factor raises the probability.

Belgian State Gazette

Ex-officio strike-off in the KBO

In the bankruptcy model this factor raises the probability.

KBO publications

Figures for FY 2024 (filed 31-08-2025)

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

1 financial year not filed after the legal deadline; latest accounts 31 days late; 3 of the last 3 late

In the bankruptcy model this factor raises the probability.

NBB · filings

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 · 4 filings

Deviation from the deadline

2025

not confirmed

2024

31 d late

2023

396 d late

2022

549 d late

2021

914 d late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 473 days after the deadline; the sector median for financial year 2024 is 13 days before the deadline, and 35% of the sector filed late.

Administrative warnings in the KBO publications

1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.

KBO publications

Publications

UBO non-compliance