NUTRIPACK WAVRE
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 18-06-2026 at the NBB all 33 filings
Turnover
€7.6m▼ 21.7%
2022 · €9.7m
EBIT margin
-14.3%▲ 10.0pp
2022 · -24.3%
Net result
€4.3m▲ 738%
2024 · €514,107
Working capital
-€1.7m▲ 70.3%
2024 · -€5.8m
In the rankings
#6 company by total assets in Wavre, Manufacturing sector#9 company by equity in Wavre, Manufacturing sector
Multi-year overview
2018 to 2025, 7 financial yearsTurnover
no figure
2025
20182025
Operating result
€3.4m
2025
20182025
Net result
€4.3m
▲ 738%
2025
highest quarter of the sector
20182025
EBIT margin
no figure
2025
20182025
Equity
€4.3m
▲ 134×
2025
middle half of the sector
20182025
Total assets
€16.3m
▲ 19.1%
2025
middle half of the sector
20182025
Debt
€11.9m
▼ 12.5%
2025
20182025
Working capital
-€1.7m
▲ 70.3%
2025
lowest quarter of the sector
20182025
Solvency
26.6%
▲ 26.3pp
2025
lowest quarter of the sector
20182025
Current ratio
0.76
▲ 0.51
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
26.4%
▲ 22.6pp
2025
highest quarter of the sector
20182025
Staff (FTE)
6.6
▼ 71.3%
2025
lowest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920212022202320242025
Turnover€7.2m-€6.6m▼ 8.2%€7.1m-€9.7m▲ 36.1%€7.6m▼ 21.7%
Operating result-€0.9m--€0.8m▲ 18.5%-€1.9m--€2.4m▼ 23.0%-€1.1m▲ 53.8%-€0.6m▲ 42.8%€3.4m
Net result-€1.3m--€1.2m▲ 5.4%-€2.2mbelow the sector's middle half--€2.6mbelow the sector's middle half▼ 17.7%-€1.5mbelow the sector's middle half▲ 43.0%€0.5mwithin the sector's middle half€4.3mabove the sector's middle half▲ 738%
EBIT margin-12.9%--11.5%▲ 1.5pp-26.9%--24.3%▲ 2.6pp-14.3%▲ 10.0pp
Equity€6.4m-€7.5m▲ 16.6%€3.6mwithin the sector's middle half-€1.0mbelow the sector's middle half▼ 72.2%-€0.5mbelow the sector's middle half€0.03mbelow the sector's middle half€4.3mwithin the sector's middle half▲ 134×
Total assets€22.1m-€20.4m▼ 7.9%€17.4mwithin the sector's middle half-€16.0mwithin the sector's middle half▼ 8.1%€14.4mwithin the sector's middle half▼ 10.5%€13.7mwithin the sector's middle half▼ 4.5%€16.3mwithin the sector's middle half▲ 19.1%
Debt€15.6m-€12.8m▼ 18.0%€13.7m-€14.9m▲ 8.8%€14.7m▼ 1.3%€13.6m▼ 7.8%€11.9m▼ 12.5%
Working capital€0.1m--€1.8m-€2.7mbelow the sector's middle half--€4.1mbelow the sector's middle half▼ 52.8%-€4.8mbelow the sector's middle half▼ 16.8%-€5.8mbelow the sector's middle half▼ 20.8%-€1.7mbelow the sector's middle half▲ 70.3%
Solvency28.9%-36.6%▲ 7.7pp20.7%below the sector's middle half-6.3%below the sector's middle half▼ 14.4pp-3.4%below the sector's middle half▼ 9.6pp0.2%below the sector's middle half▲ 3.6pp26.6%below the sector's middle half▲ 26.3pp
Current ratio1.03-0.58▼ 0.440.52below the sector's middle half-0.43below the sector's middle half▼ 0.090.34below the sector's middle half▼ 0.090.25below the sector's middle half▼ 0.090.76below the sector's middle half▲ 0.51
Return on assets (ROA)-5.9%--6.1%▼ 0.2pp-12.7%below the sector's middle half--16.3%below the sector's middle half▼ 3.6pp-10.4%below the sector's middle half▲ 5.9pp3.7%within the sector's middle half▲ 14.1pp26.4%above the sector's middle half▲ 22.6pp
Staff (FTE)34.8-32.7▼ 6.0%30.8within the sector's middle half-28.6within the sector's middle half▼ 7.1%27.5within the sector's middle half▼ 3.8%23within the sector's middle half▼ 16.4%6.6below the sector's middle half▼ 71.3%
above
within
below
The sector band is the middle half of the companies in Manufacture of paper and paper products (NACE 17). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a profit of €3.4m, after a loss of €622,815 in 2024. It is the highest result since 2021.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €16.3m
Fixed assets
€10.9m ▼ 7.6%
Current assets
€5.4m ▲ 183%
Equity and liabilities €16.3m
Equity
€4.3m ▲ 134×
Provisions
€104,344 ▲ 4.3%
Debt
€11.9m ▼ 12.5%
Debt's share of the balance-sheet total falls from 99.0% to 72.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€3.5m▲
2024 · -€345,158
Cash flow
€4.5m▲
2024 · €791,765
Debt to equity
2.74
ROE
99.3%
Interest coverage
11.24▲
2024 · -0.95
Debt ≤ 1 year
€7.2m▼
2024 · €7.7m
Debt > 1 year
€4.6m▼
2024 · €5.2m
Income taxes
€241,000▲
2024 · €589
Staff costs
€1.3m▼
2024 · €1.3m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 31 | 30 | 26 | 21 | 1 |
| full-time | 31 | 28 | 24 | 20 | 1 |
| part-time | 0 | 2 | 2 | 1 | 0 |
| in full-time equivalents | 31 | 29 | 25.1 | 20.5 | 1 |
| Average over the year, in full-time equivalents | 30.8 | 28.6 | 27.5 | 23 | 6.6 |
| On a permanent contract | 31 | 30 | 26 | 21 | 1 |
| Joined | 1 | 3 | 9 | 4 | 0 |
| Left | 0 | 4 | 13 | 9 | 20 |
| Agency workers, average number | 4 | 7 | 4.4 | - | - |
| Training hours | 228 | 24 | 24 | 38 | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €4.1m | €4.0m | €2.5m | - | €1.9m |
| Mortgages, amount registered | €6.8m | €6.8m | €6.8m | €6.8m | €6.8m |
| Carrying value of the mortgaged assets | €312,058 | €302,204 | €519,162 | €481,860 | €0 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €572,905 | €337,802 | €296,143 | €172,077 | €27,114 |
| Intangible fixed assets | - | - | - | - | €6,250 |
| Depreciation and write-downs of the year | €1.8m | €1.9m | €1.4m | €277,657 | €172,167 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Auditor
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Fee for the audit | €8,250 | €15,384 | €8,250 | - | - |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
Annual accounts
| Line | 2018 | 2019 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | €7.3m | €9.9m | €8.0m | - | - | - |
| Turnover70 | €7.2m | €6.6m | €7.1m | €9.7m | €7.6m | - | - | - |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | - | €0.06m | €0.1m | €0.1m | - | - | - |
| Other operating income74 | - | - | €0.1m | €0.06m | €0.08m | - | - | - |
| Non-recurring operating income76A | - | - | €0 | - | €0.2m | €0.1m | €4.8m | ▲ 32× |
| Operating charges60/66A | - | - | €9.2m | €12.3m | €9.0m | - | - | - |
| Goods for resale, raw materials and consumables60 | - | - | €4.2m | €6.7m | €4.1m | - | - | - |
| Purchases600/8 | - | - | €4.6m | €6.7m | €3.7m | - | - | - |
| Change in stocks: decrease (increase)609 | - | - | -€0.4m | €0.04m | €0.4m | - | - | - |
| Services and other goods61 | - | - | €1.7m | €2.0m | €2.1m | - | - | - |
| Remuneration, social security and pensions62 | - | - | €1.4m | €1.5m | €1.4m | €1.3m | €1.3m | ▼ 1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2.0m | €1.9m | €1.8m | €1.9m | €1.4m | €0.3m | €0.2m | ▼ 38.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €0 | €0.09m | €0.04m | €0.03m | -€0.1m | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | - | - | €0.004m | - |
| Other operating charges640/8 | - | - | €0.04m | €0.05m | €0.05m | €0.04m | €0.03m | ▼ 15.3% |
| Non-recurring operating charges66A | - | - | €0.05m | €0.01m | €0.04m | €0.07m | €0.2m | ▲ 104% |
| Gross operating margin9900 | - | - | - | - | - | €1.1m | €4.9m | ▲ 352% |
| Operating profit (loss)9901 | -€0.9m | -€0.8m | -€1.9m | -€2.4m | -€1.1m | -€0.6m | €3.4m | - |
| Financial income75/76B | - | - | €0.005m | €0.005m | €0.001m | €1.5m | €1.5m | ▼ 0.9% |
| Recurring financial income75 | €0.01m | €0.02m | €0.005m | €0.005m | €0.001m | €1.5m | €1.5m | ▼ 0.9% |
| Income from current assets751 | - | - | €0 | - | - | - | - | - |
| Other financial income752/9 | - | - | €0.005m | €0.005m | €0.001m | - | - | - |
| Financial charges65/66B | - | - | €0.3m | €0.3m | €0.4m | €0.4m | €0.3m | ▼ 12.9% |
| Recurring financial charges65 | €0.4m | €0.4m | €0.3m | €0.3m | €0.4m | €0.4m | €0.3m | ▼ 12.9% |
| Debt charges650 | €0.3m | €0.3m | €0.3m | €0.2m | €0.4m | - | - | - |
| Other financial charges652/9 | - | - | €0.04m | €0.03m | €0.003m | - | - | - |
| Profit (loss) for the period before taxes9903 | -€1.3m | -€1.1m | -€2.2m | -€2.6m | -€1.5m | €0.5m | €4.5m | ▲ 783% |
| Income taxes67/77 | €0.001m | €0.1m | €0.001m | €0.001m | €0.001m | €0.001m | €0.2m | ▲ 409× |
| Taxes670/3 | - | - | €0.001m | €0.001m | €0.001m | - | - | - |
| Profit (loss) for the period9904 | -€1.3m | -€1.2m | -€2.2m | -€2.6m | -€1.5m | €0.5m | €4.3m | ▲ 738% |
| Profit (loss) for the period to be appropriated9905 | -€1.3m | -€1.2m | -€2.2m | -€2.6m | -€1.5m | €0.5m | €4.3m | ▲ 738% |
| Line | 2018 | 2019 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €22.1m | €20.4m | €17.4m | €16.0m | €14.4m | €13.7m | €16.3m | ▲ 19.1% |
| Fixed assets21/28 | €17.5m | €17.9m | €14.6m | €13.0m | €11.9m | €11.8m | €10.9m | ▼ 7.6% |
| Intangible fixed assets21 | €7.1m | €5.6m | €2.5m | €1.0m | €0 | - | €0.005m | - |
| Tangible fixed assets22/27 | €0.7m | €0.9m | €1.2m | €1.1m | €1.1m | €1.0m | €0.05m | ▼ 94.7% |
| Land and buildings22 | - | - | €0.3m | €0.3m | €0.5m | €0.5m | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | - | €0.9m | €0.8m | €0.5m | €0.4m | €0.05m | ▼ 88.7% |
| Furniture and vehicles24 | - | - | €262 | €0 | - | €0.002m | €0 | ▼ 100% |
| Assets under construction and advance payments27 | - | - | - | - | €0.005m | €0.02m | €0 | ▼ 100% |
| Financial fixed assets28 | €9.6m | €11.4m | €10.8m | €10.8m | €10.8m | €10.8m | €10.8m | = |
| Affiliated companies280/1 | - | - | €10.8m | €10.8m | €10.8m | - | - | - |
| Participating interests280 | - | - | €10.8m | €10.8m | €10.8m | - | - | - |
| Current assets29/58 | €4.7m | €2.5m | €2.9m | €3.0m | €2.5m | €1.9m | €5.4m | ▲ 183% |
| Stocks and contracts in progress3 | €0.9m | €0.9m | €1.4m | €1.4m | €1.1m | €0.8m | €0 | ▼ 100% |
| Stocks30/36 | - | - | €1.4m | €1.4m | €1.1m | €0.8m | €0 | ▼ 100% |
| Raw materials and consumables30/31 | - | - | €0.9m | €0.8m | €0.6m | - | - | - |
| Work in progress32 | - | - | - | €0.03m | €0.03m | - | - | - |
| Finished goods33 | - | - | €0.5m | €0.6m | €0.5m | - | - | - |
| Goods purchased for resale34 | - | - | - | - | €415 | - | - | - |
| Amounts receivable within one year40/41 | €1.0m | €0.8m | €1.0m | €1.5m | €1.2m | €0.9m | €5.1m | ▲ 471% |
| Trade receivables40 | - | - | €1.0m | €1.4m | €1.2m | €0.9m | €0.2m | ▼ 78.1% |
| Other amounts receivable41 | - | - | - | €0.008m | €0.002m | €0.04m | €5.0m | ▲ 119× |
| Cash at bank and in hand54/58 | €0.6m | €0.7m | €0.4m | €0.1m | €0.08m | €0.2m | €0.3m | ▲ 13.2% |
| Deferred charges and accrued income490/1 | - | - | €0.04m | €0.08m | €0.04m | €0.006m | €0.004m | ▼ 40.0% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €22.1m | €20.4m | €17.4m | €16.0m | €14.4m | €13.7m | €16.3m | ▲ 19.1% |
| Equity10/15 | €6.4m | €7.5m | €3.6m | €1.0m | -€0.5m | €0.03m | €4.3m | ▲ 134× |
| Contributions10/11 | €12.8m | €7.8m | €7.8m | €7.8m | €7.8m | €7.8m | €7.8m | = |
| Capital10 | - | - | €7.8m | €7.8m | €7.8m | €7.8m | €7.8m | = |
| Issued capital100 | - | - | €7.8m | €7.8m | €7.8m | €7.8m | €7.8m | = |
| Reserves13 | €0.07m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Non-distributable reserves130/1 | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Legal reserve130 | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Profit (loss) carried forward14 | -€6.5m | -€0.4m | -€4.2m | -€6.8m | -€8.3m | -€7.8m | -€3.5m | ▲ 55.2% |
| Provisions and deferred taxes16 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 4.3% |
| Provisions for liabilities and charges160/5 | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 4.3% |
| Environmental obligations163 | - | - | €0.1m | €0.1m | - | - | - | - |
| Other liabilities and charges164/5 | - | - | - | - | €0.1m | €0.1m | €0.1m | ▲ 4.3% |
| Amounts payable17/49 | €15.6m | €12.8m | €13.7m | €14.9m | €14.7m | €13.6m | €11.9m | ▼ 12.5% |
| Amounts payable after more than one year17 | €11.1m | €8.6m | €8.1m | €7.5m | €7.0m | €5.2m | €4.6m | ▼ 11.8% |
| Financial debts170/4 | - | - | €8.1m | €7.5m | €7.0m | €5.2m | €4.6m | ▼ 11.8% |
| Subordinated loans170 | - | - | €5.1m | €5.1m | €5.1m | - | - | - |
| Credit institutions173 | - | - | €3.0m | €2.4m | €1.9m | - | - | - |
| Amounts payable within one year42/48 | €4.5m | €4.3m | €5.6m | €7.2m | €7.3m | €7.7m | €7.2m | ▼ 7.5% |
| Current portion of amounts payable after more than one year42 | - | - | €0.6m | €0.6m | €0.6m | €1.9m | €1.9m | ▲ 1.7% |
| Financial debts43 | - | - | €0.5m | €1.0m | €0.6m | €0.5m | €0.6m | ▲ 10.0% |
| Credit institutions430/8 | - | - | €0.5m | €1.0m | €0.6m | €0.5m | €0.6m | ▲ 10.0% |
| Trade debts44 | €0.6m | €1.2m | €2.4m | €3.0m | €2.9m | €3.3m | €1.7m | ▼ 49.6% |
| Suppliers440/4 | - | - | €2.4m | €3.0m | €2.9m | €3.3m | €1.7m | ▼ 49.6% |
| Taxes, remuneration and social security45 | - | - | €0.2m | €0.2m | €0.1m | €0.1m | €0.4m | ▲ 295% |
| Taxes450/3 | - | - | €0.03m | €0.04m | €0.01m | €0.02m | €0.2m | ▲ 12× |
| Remuneration and social security454/9 | - | - | €0.2m | €0.2m | €0.1m | €0.09m | €0.2m | ▲ 111% |
| Other amounts payable47/48 | - | - | €1.8m | €2.3m | €3.0m | €2.0m | €2.6m | ▲ 33.3% |
| Accrued charges and deferred income492/3 | - | - | €0.08m | €0.2m | €0.5m | €0.6m | €0.1m | ▼ 78.3% |
| Line | 2018 | 2019 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1.3m | -€1.2m | -€2.2m | -€2.6m | -€1.5m | €0.5m | €4.3m | ▲ 738% |
| + Depreciation and write-downs630 | €2.0m | €1.9m | €1.8m | €1.9m | €1.4m | €0.3m | €0.2m | ▼ 38.0% |
| Operating cash flow (approximation) | €0.6m | €0.6m | -€0.4m | -€0.7m | -€0.1m | €0.8m | €4.5m | ▲ 466% |
| Investment in fixed assets (approximation) | - | -€2.3m | - | -€0.3m | -€0.3m | -€0.2m | €0.7m | - |
| Change in cash | - | €0.09m | - | -€0.3m | -€0.02m | €0.2m | €0.03m | ▼ 80.4% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 33 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 18-06-2026 | 2026-00184848 | |
| 31-12-2024 | full format | 23-07-2025 | 2025-00298578 | |
| 31-12-2023 | full format | 21-06-2024 | 2024-00162828 | |
| 31-12-2022 | full format | 22-06-2023 | 2023-00150337 | |
| 31-12-2021 | full format | 28-07-2022 | 2022-20267315 | |
| 31-12-2020 | full format | 12-07-2021 | 2021-34900190 | |
| 31-12-2019 | full format | 24-06-2020 | 2020-20900382 | |
| 31-12-2018 | full format | 11-06-2019 | 2019-18600450 | |
| 31-12-2017 | full format | 29-06-2018 | 2018-29900363 | |
| 31-12-2016 | full format | 19-07-2017 | 2017-34400516 |