Pack & Co
ActiveSummary
The computed 12-month bankruptcy probability of Pack & Co is 1.9% (moderate). The 2024 annual accounts show negative equity (-€278,075) and a net result of -€393,630. Equity is growing by ~3.6% per year across the filed fiscal years. Its solvency ranks better than 14% of 15862 sector peers (fiscal year 2024). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-47
Solvency0▼-41
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.68 against 1.02 in 2023; short-term debt: 124.1% and cash: 1.8% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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
-29.3%
Return on assets
-41.5%
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
Wholesale trade (NACE 46)
about 21% more bankruptcies
← 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 -€278,075
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-11-2025, 120 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
120 d late
2023
120 d late
2022
49 d early
2021
91 d early
2020
10 d late
2019
45 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 26 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 (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€393,630
2023 · €3,493
Working capital
-€382,459
2023 · €8,651
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€13,541€35,775▲ 164%€40,002▲ 11.8%€19,188▼ 52.0%-€362,539
Net result€3,675€23,365▲ 536%€9,199▼ 60.6%€3,493▼ 62.0%-€393,630
Equity€79,497▲ 4.8%€102,863▲ 29.4%€112,062▲ 8.9%€115,555▲ 3.1%-€278,075
Total assets€724,609▲ 9.4%€707,203▼ 2.4%€566,642▼ 19.9%€731,308▲ 29.1%€949,087▲ 29.8%
Debt€645,111▲ 10.0%€604,341▼ 6.3%€454,580▼ 24.8%€615,753▲ 35.5%€1.2m▲ 99.3%
Working capital€134,891▼ 5.1%-€6,238-€25,703▼ 312%€8,651-€382,459
Staff (FTE)6.1▼ 24.7%7.4▲ 21.3%8.44.9▼ 41.7%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €362,539 after €19,188 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €949,087
Fixed assets
€153,495 ▼ 14.6%
Current assets
€795,592 ▲ 44.3%
Key figures and ratios
EBITDA
-€331,727▼
2023 · €54,865
Cash flow
-€362,818▼
2023 · €39,170
Solvency
-29.3%▼
2023 · 15.8%
Current ratio
0.68▼
2023 · 1.02
Quick ratio
0.67▼
2023 · 0.91
Debt to equity
-4.41▼
2023 · 5.33
ROA
-41.5%▼
2023 · 0.5%
Interest coverage
-10.66▼
2023 · 3.32
Debt ≤ 1 year
€1.2m▲
2023 · €542,832
Debt > 1 year
€49,110▼
2023 · €68,460
Staff costs
€206,177▼
2023 · €334,584
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,943 companies that looked in July 2024 the way this one looks now, 5.5% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
5.5%
went bankrupt
8.1%
stopped otherwise
85%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.9% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 6,943 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €161,085 | €322,744 | €334,584 | €206,177 | ▼ 38.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,838 | €16,052 | €33,152 | €35,677 | €30,812 | ▼ 13.6% |
| Other operating charges640/8 | - | €5,026 | €25,975 | €4,590 | €2,351 | ▼ 48.8% |
| Non-recurring operating charges66A | - | - | - | - | €5,504 | - |
| Gross operating margin9900 | €166,411 | €217,938 | €421,873 | €394,038 | -€117,695 | ▼ 130% |
| Operating profit (loss)9901 | €13,541 | €35,775 | €40,002 | €19,188 | -€362,539 | ▼ 1,989% |
| Financial income75/76B | - | €6,816 | €1 | €831 | €27 | ▼ 96.7% |
| Recurring financial income75 | €5,788 | €6,816 | €1 | €831 | €27 | ▼ 96.7% |
| Financial charges65/66B | - | €16,844 | €14,093 | €16,525 | €31,118 | ▲ 88.3% |
| Recurring financial charges65 | €15,189 | €16,844 | €14,093 | €16,525 | €31,118 | ▲ 88.3% |
| Profit (loss) for the period before taxes9903 | €4,140 | €25,747 | €25,910 | €3,493 | -€393,630 | ▼ 11,368% |
| Income taxes67/77 | €465 | €2,382 | €16,711 | - | - | - |
| Profit (loss) for the period9904 | €3,675 | €23,365 | €9,199 | €3,493 | -€393,630 | ▼ 11,368% |
| Profit (loss) for the period to be appropriated9905 | €3,675 | €23,365 | €9,199 | €3,493 | -€393,630 | ▼ 11,368% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €724,609 | €707,203 | €566,642 | €731,308 | €949,087 | ▲ 29.8% |
| Fixed assets21/28 | €99,045 | €213,497 | €190,477 | €179,825 | €153,495 | ▼ 14.6% |
| Intangible fixed assets21 | - | €72,674 | €61,735 | €50,796 | €39,893 | ▼ 21.5% |
| Tangible fixed assets22/27 | €52,230 | €78,823 | €66,561 | €62,349 | €38,538 | ▼ 38.2% |
| Plant, machinery and equipment23 | - | - | €1,887 | €1,287 | €689 | ▼ 46.4% |
| Furniture and vehicles24 | - | €35,766 | €29,303 | €33,375 | €15,596 | ▼ 53.3% |
| Other tangible fixed assets26 | - | €43,056 | €35,372 | €27,687 | €22,253 | ▼ 19.6% |
| Financial fixed assets28 | €46,815 | €62,000 | €62,180 | €66,680 | €75,064 | ▲ 12.6% |
| Current assets29/58 | €625,564 | €493,706 | €376,166 | €551,483 | €795,592 | ▲ 44.3% |
| Stocks and contracts in progress3 | €182,100 | €243,769 | €75,564 | €54,814 | €2,850 | ▼ 94.8% |
| Stocks30/36 | - | €243,769 | €75,564 | €54,814 | €2,850 | ▼ 94.8% |
| Amounts receivable within one year40/41 | €392,452 | €213,169 | €275,916 | €469,429 | €775,247 | ▲ 65.1% |
| Trade receivables40 | - | €167,527 | €243,499 | €444,606 | €723,463 | ▲ 62.7% |
| Other amounts receivable41 | - | €45,642 | €32,417 | €24,823 | €51,785 | ▲ 109% |
| Cash at bank and in hand54/58 | €48,038 | €33,954 | €24,685 | €26,861 | €17,495 | ▼ 34.9% |
| Deferred charges and accrued income490/1 | - | €2,815 | €0 | €378 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €724,609 | €707,203 | €566,642 | €731,308 | €949,087 | ▲ 29.8% |
| Equity10/15 | €79,497 | €102,863 | €112,062 | €115,555 | -€278,075 | ▼ 341% |
| Contributions10/11 | - | €16,500 | €16,500 | €16,500 | €16,500 | = |
| Reserves13 | €62,997 | €86,363 | €86,363 | €99,055 | €99,055 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €84,503 | €84,503 | €97,195 | €97,195 | = |
| Profit (loss) carried forward14 | €35,252 | - | €9,199 | - | -€393,630 | - |
| Amounts payable17/49 | €645,111 | €604,341 | €454,580 | €615,753 | €1.2m | ▲ 99.3% |
| Amounts payable after more than one year17 | €153,996 | €104,032 | €52,712 | €68,460 | €49,110 | ▼ 28.3% |
| Financial debts170/4 | - | €104,032 | €52,712 | €68,460 | €49,110 | ▼ 28.3% |
| Amounts payable within one year42/48 | €490,673 | €499,944 | €401,868 | €542,832 | €1.2m | ▲ 117% |
| Current portion of amounts payable after more than one year42 | - | €54,068 | €55,535 | €197,024 | €150,765 | ▼ 23.5% |
| Financial debts43 | - | €42,536 | €30,704 | - | - | - |
| Credit institutions430/8 | - | €42,536 | €30,704 | - | - | - |
| Trade debts44 | €350,952 | €329,011 | €263,283 | €210,581 | €868,316 | ▲ 312% |
| Suppliers440/4 | - | €329,011 | €263,283 | €210,581 | €868,316 | ▲ 312% |
| Advances received on contracts in progress46 | - | €40,519 | €0 | - | - | - |
| Taxes, remuneration and social security45 | - | €16,671 | €35,342 | €60,183 | €83,927 | ▲ 39.5% |
| Taxes450/3 | - | €2,850 | €26,710 | €31,175 | €16,992 | ▼ 45.5% |
| Remuneration and social security454/9 | - | €13,821 | €8,632 | €29,009 | €66,935 | ▲ 131% |
| Other amounts payable47/48 | - | €17,139 | €17,004 | €75,044 | €75,044 | = |
| Accrued charges and deferred income492/3 | - | €365 | - | €4,461 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,675 | €23,365 | €9,199 | €3,493 | -€393,630 | ▼ 11,368% |
| + Depreciation and write-downs630 | €14,838 | €16,052 | €33,152 | €35,677 | €30,812 | ▼ 13.6% |
| Operating cash flow (approximation) | €18,513 | €39,418 | €42,351 | €39,170 | -€362,818 | ▼ 1,026% |
| Investment in fixed assets (approximation) | - | -€130,505 | -€10,132 | -€25,026 | -€4,482 | ▲ 82.1% |
| Change in cash | - | -€14,084 | -€9,269 | €2,176 | -€9,366 | ▼ 530% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
28-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 120 days late
2024
31-12
Financial
Weakest financial yearnet -€393,630
Net result drops to -€393,630, the lowest in the series.
28-11
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 120 days late
2023
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
01-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €100,000Eq €102,863 ▲29.4%
2 profitable years in a row build equity to €102,863.
10-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 10 days late
2020
31-12
Financial
Back to profitnet €3,675
Net result €3,675 after one loss-making year.
14-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 45 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 27 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 21 days late
2016
11-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 11 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Brussel · 1 establishment unit since 2011
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.
Atomiumsquare 11020 Brussel1 establishment unit
Pack & Co - Green Mood - Luxury Interior Design
since 20112.203.597.302
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Of 6,147 companies in sector 46190 we hold annual accounts for 2,570. 1,962 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 (pre-2019)
Founded04-07-2011
Fiscal year end31-12
Activities, NACEBEL 2025
46190Agents in non-specialised wholesale trade
74130Interior design
47761Retail sale of flowers, plants, seeds and fertilisers
E-invoicing
Reachable via Peppol
Peppol ID
0208:0837547092
Also
9925:BE0837547092
Registered
13-12-2024
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.