Result
Back in profit in 2025, after a loss of €338,550 in 2024.
Back in profit in 2025, after a loss of €338,550 in 2024.
The accounts state no turnover.
Of this, €3.3m falls due within a year.
Green is investment, beige is depreciation.
In 2025, 11 people joined and 9 left.
The 2016 accounts came latest: 31 days after the end of the period.
The dashed line is the sector median: 0.2% across 59 companies (NACE 17, small).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 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 17, small). It does better than 23% of them on solvency, 32% on liquidity, 75% on profitability and 92% on growth.
The bankruptcy probability was computed on 07-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 2,609 companies had the same profile as packaging4professionals has now. Each dot stands for 7 companies, two years later.
That fits the bankruptcy probability of packaging4professionals itself: 0.1% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,609 companies, not a prediction for packaging4professionals. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 1.61 (1.34 in 2024), above the usual 1.5. Short-term debt is 53% and cash 13.7% of total assets. However, 70.8% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 32 days before the deadline. In the sector (NACE 17), the median for financial year 2024 was 13 days before the deadline, and 35% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| packaging4professionals Charleroi | €6.2m | €2.0m | 29.2% | 22.4 |
| CARTONNERIES DE WALLONIE Courcelles | €3.9m | €2.5m | 80.3% | 25.6 |
| Dekaplast Belgium Turnhout | €0.9m | €1.3m | -6.1% | 17 |
| BEMAPACK Thimister-Clermont | €2.7m | €0.6m | 12.2% | 6.8 |
| Premium Cellulose Insulation Manufacturer Ciney | €1.3m | - | 24.8% | 8 |
| EconCore Leuven | €3.4m | €1.3m | 75.5% | 2.8 |
| ATINVEST Dilbeek | €1.4m | €0.4m | 69.6% | - |
These companies have the same main activity as packaging4professionals: manufacture of paper and paper products (NACE 17120). They are comparable in size and age: total assets between €903,000 and €3.9m, founded between 2005 and 2019.
packaging4professionals has existed since 2015. The present size dates from 2017. The gross margin rose that year from €40,538 to €1.2m and staff from 10 to 14.2 full-time equivalents.
In July 2024, three directors stepped down.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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