PACK
ActiveFrom the official registers: KBO 9 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
PACK has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €36,226 and a net result of €2,259. Equity is growing by about 23% per year across the filed financial years. Its solvency ranks better than 27% of 2,804 sector peers (NACE 82, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Overview
Official details
KBO- Status
- Active since 19-04-2016 Normal situation
- Legal form
- Private limited company
- Registered office
- Molenberglei 15, 2627 Schelle
- Activity
- Other business support services NACE 82990and 4 others
- Establishment unit
- 2.281.398.527 2627 Schelle, since 02-11-2018
- Financial year end
- 31 March
- Peppol
- Reachable since 13-05-2025
How it is doing
- Bankruptcy probabilitywithin 12 months
- 0.5%
- Gross margin
- €28,242
- ▼ 21.9%
- Turnover
- ≈ €73,000
- estimated
- Profit
- €2,259
- ▼ 58.9%
- Equity
- €36,226
- ▲ 6.7%
- Total assets
- €224,246
- ▲ 5.2%
Why 79raises riskFigures for financial year 2025 (filed 20-11-2025)Liquidity: current ratio 1.19, cash €870lowers riskSector: Office administrative, office support and other business support activities (NACE 82)Size: total assets €224,246Show the evidence
Checked score
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 82, micro): better than 25% on solvency, 4% on liquidity, 23% on profitability and 52% on growth.
The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 6 accounts on average 19 days after the deadline; the sector median (NACE 82) for financial year 2024 is 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (1)
Financials · financial year 2025, abbreviated format
2025 annual accounts filed late (20 days) Filed on 20 November 2025, deadline 31 October 2025 (7 months after the close on 31 March 2025, Companies Code art. 3:10). Source: NBB, 2025-00568515.
Annual accounts 2025
- Financial year ended
- 31-03-2025
- Filed on
- 20-11-2025
- Format
- abbreviated format
- Reference
- 2025-00568515
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result has fallen two years in a row; 2025 is 1% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 82, Office administrative, office support and other business support activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 4,508 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 96.9% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 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 74.5% 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 4,508 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €1,985 | €5,951 | €5,354 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €12,244 | €15,690 | €2,574 | €1,760 | €1,760 | - | - |
| Other operating charges640/8 | - | - | - | €6,685 | €7,593 | €6,369 | €1,300 | ▼ 79.6% |
| Non-recurring operating charges66A | - | - | - | - | - | €770 | - | - |
| Gross operating margin9900 | €8,476 | €30,179 | €23,176 | €21,295 | €38,355 | €36,149 | €28,242 | ▼ 21.9% |
| Operating profit (loss)9901 | €1,222 | €17,496 | €364 | €12,037 | €29,002 | €27,250 | €26,942 | ▼ 1.1% |
| Financial income75/76B | - | - | - | - | €12 | - | - | - |
| Recurring financial income75 | - | €11 | €2 | - | €12 | - | - | - |
| Financial charges65/66B | - | - | - | €5,710 | €19,930 | €19,758 | €23,930 | ▲ 21.1% |
| Recurring financial charges65 | €698 | €2,090 | €701 | €5,710 | €19,930 | €19,758 | €23,930 | ▲ 21.1% |
| Profit (loss) for the period before taxes9903 | €524 | €16,680 | -€336 | €6,327 | €9,084 | €7,492 | €3,012 | ▼ 59.8% |
| Income taxes67/77 | - | - | €1,000 | €3,153 | €2,424 | €1,999 | €753 | ▼ 62.3% |
| Profit (loss) for the period9904 | €524 | €16,680 | -€1,336 | €3,174 | €6,659 | €5,493 | €2,259 | ▼ 58.9% |
| Profit (loss) for the period to be appropriated9905 | €524 | €16,680 | -€1,336 | €3,174 | €6,659 | €5,493 | €2,259 | ▼ 58.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €31,082 | €52,711 | €61,287 | €66,169 | €154,425 | €213,171 | €224,246 | ▲ 5.2% |
| Fixed assets21/28 | €14,500 | €31,324 | €21,835 | €3,520 | €1,760 | €2,000 | - | - |
| Intangible fixed assets21 | - | €7,040 | €5,280 | €3,520 | €1,760 | - | - | - |
| Tangible fixed assets22/27 | €14,500 | €24,284 | €16,555 | - | - | - | - | - |
| Financial fixed assets28 | - | - | - | - | - | €2,000 | - | - |
| Current assets29/58 | €16,582 | €21,387 | €39,452 | €62,649 | €152,665 | €211,171 | €224,246 | ▲ 6.2% |
| Amounts receivable within one year40/41 | €12,311 | €10,099 | €28,948 | €54,620 | €142,027 | €198,921 | €212,721 | ▲ 6.9% |
| Trade receivables40 | - | - | - | €3,830 | €56,749 | €6,810 | €842 | ▼ 87.6% |
| Other amounts receivable41 | - | - | - | €50,791 | €85,278 | €192,111 | €211,879 | ▲ 10.3% |
| Cash at bank and in hand54/58 | €4,271 | €11,063 | €10,504 | €3,168 | €1,894 | €1,595 | €870 | ▼ 45.4% |
| Deferred charges and accrued income490/1 | - | - | - | €4,861 | €8,745 | €10,655 | €10,655 | = |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €31,082 | €52,711 | €61,287 | €66,169 | €154,425 | €213,171 | €224,246 | ▲ 5.2% |
| Equity10/15 | €3,297 | €19,977 | €18,641 | €21,815 | €28,474 | €33,967 | €36,226 | ▲ 6.7% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | - | €620 | €620 | €620 | €620 | €620 | €620 | = |
| Non-distributable reserves130/1 | - | - | - | €620 | €620 | €620 | €620 | = |
| Reserves not available under the articles1311 | - | - | - | €620 | €620 | €620 | €620 | = |
| Profit (loss) carried forward14 | -€2,903 | €13,157 | €11,821 | €14,995 | €21,654 | €27,147 | €29,406 | ▲ 8.3% |
| Amounts payable17/49 | €27,784 | €32,734 | €42,646 | €44,354 | €125,951 | €179,204 | €188,020 | ▲ 4.9% |
| Amounts payable within one year42/48 | €27,596 | €32,734 | €41,176 | €43,779 | €125,951 | €179,204 | €188,020 | ▲ 4.9% |
| Trade debts44 | €12,240 | €12,254 | €16,072 | €31,080 | €42,583 | €30,071 | €38,594 | ▲ 28.3% |
| Suppliers440/4 | - | - | - | €31,080 | €42,583 | €30,071 | €38,594 | ▲ 28.3% |
| Taxes, remuneration and social security45 | - | - | - | €7,544 | €2,645 | €4,424 | €964 | ▼ 78.2% |
| Taxes450/3 | - | - | - | €7,544 | €2,645 | €4,424 | €964 | ▼ 78.2% |
| Other amounts payable47/48 | - | - | - | €5,154 | €80,724 | €144,709 | €148,462 | ▲ 2.6% |
| Accrued charges and deferred income492/3 | - | - | - | €575 | - | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €524 | €16,680 | -€1,336 | €3,174 | €6,659 | €5,493 | €2,259 | ▼ 58.9% |
| + Depreciation and write-downs630 | - | €12,244 | €15,690 | €2,574 | €1,760 | €1,760 | - | - |
| Operating cash flow (approximation) | €524 | €28,923 | €14,353 | €5,748 | €8,419 | €7,253 | €2,259 | ▼ 68.9% |
| Investment in fixed assets (approximation) | - | -€29,068 | -€6,200 | €15,741 | €0 | -€2,000 | - | - |
| Change in cash | - | €6,792 | -€558 | -€7,337 | -€1,274 | -€299 | -€725 | ▼ 142% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2025 | abbreviated format | 20-11-2025 | 2025-00568515 | |
| 31-03-2024 | micro format | 03-09-2024 | 2024-00438442 | |
| 31-03-2023 | micro format | 19-09-2023 | 2023-00448340 | |
| 31-03-2022 | micro format | 17-11-2022 | 2022-20521243 | |
| 31-03-2021 | micro format | 31-03-2022 | 2022-10000295 | |
| 31-03-2020 | micro format | 27-11-2020 | 2020-72400505 | |
| 31-03-2019 | micro format | 31-10-2019 | 2019-73000489 | |
| 31-03-2018 | micro format | 21-01-2019 | 2019-02100069 | |
| 31-03-2017 | micro format | 31-10-2017 | 2017-69300392 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| MAES Ben Hugo Maddy |
|
How the board is organised
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Bestuursorgaan, 1”“Vergoeding bestuurders, algemene kosten los van representatie-,reis- en verplaatsingskosten”
Articles of association, deed of 22-12-2025
Owners and capital
Capital and shareholders
- 22-12-2025 Capital stated in the deed · 186 shares
Shares according to the articles of association
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Toestemming medeaandeelhouders volgens zelfde formaliteiten indien geen aandeelhouder van rechtswege, elke overdracht onder levenden ten…”
- Other provisionsRules from the articles on subjects other than the board, the shares, the purpose and the meetings.
- Other provision: “Administratieve zetels,agentschappen,werkhuizen,stapelplaatsen en bijkantoren in België of buitenland bij enkel besluit…”Other provision: “Bevoegdheden bestuursorgaan, geheel van bevoegdheden met mogelijkheid deel te delegeren”Other provision: “Controle van de vennootschap, één of meerdere commissarissen”Other provision: “Buitengewone algemene vergadering, aanvraag”Other provision: “Toegang algemene vergadering, rechten niet geschorst,indien enkel stemrechten geschorst mag deelnemen zonder stemming”Other provision: “Schriftelijke algemene vergadering, statutenwijzigingen”Other provision: “Elektronische algemene vergadering, houders converteerbare obligaties inschrijvingsrechten certificaten”Other provision: “Schriftelijke volmacht aan ieder andere persoon, beraadslagingen”Other provision: “Bestemming winst reserves, algemene vergadering”Other provision: “Dividenduitkering interimdividend, voor einde boekjaar vaststelling of goedkeuring jaarrekening”Liquidation distribution: “Aanzuivering schulden lasten kosten of consignatie, bijkomende volstorting of voorafgaandelijke terugbetalingen”1 more provision in the deed, see the deed of 22-12-2025
Articles of association, deed of 22-12-2025 (in Dutch)
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
22-12
Gazette deed
Appointment: MAES Ben Hugo Maddy (director)Legal-form conversion · Capital conversion · Reserve release13 facts ▸
- General meeting, “buitengewone algemene vergadering” (deed in Dutch)
- Legal-form conversion, “besloten vennootschap” (deed in Dutch)
- Capital conversion, “afschaffing kapitaal, Wetboek van vennootschappen en verenigingen” (deed in Dutch)
- Reserve release, “beschikbaar” (deed in Dutch)
- Other provision, “kennisneming bijzonder verslag bestuursorgaan over wijziging voorwerp” (deed in Dutch)
- Purpose change
- Amendment of the articles
- Capital
- Other provision, “coordinatie opmaken en neerleggen, opdracht coordinatie statuten” (deed in Dutch)
- Other provision, “bestuurder, zaakvoerder” (deed in Dutch)
- Director appointment, MAES Ben Hugo Maddy (director)
- Registered office clause, “Schelle, Molenberglei 15” (deed in Dutch)
- +1 further fact in this act
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Who it is
KBO recordWhere it is based
What it does
NACEBEL 2025Invoicing and payment
Financial year and general meeting
Accounts at the NBBScores and ratios are computed by Checked and are not a credit decision.
Purpose, financial year and meetings according to the articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- PACK
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, adres mag door beslissing bestuursorgaan met publicatie in bijlagen Belgisch Staatsblad naar elke plaats in Vlaams Gewest of…”
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Monday of June at 18:00
Articles of association, deed of 22-12-2025 (in Dutch)
Environmental permits: No permit applications found in Flanders.
Sites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11038C0309/00G000 | Flanders | 2,969 m² | 1 · 1,132 m² | 6.2 m · 2 |