Summary
Packaging PrintCo is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €213.4m and a net result of €32.0m. Equity is growing by ~27.7% per year across the filed fiscal years. Its solvency ranks better than 70% of 2413 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-07-2026, 15 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
15 d early
2024
23 d early
2023
16 d early
2022
19 d early
2021
12 d early
2020
22 d early
2019
37 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 21 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema, statutory accounts
In the rankings
#1 company by equity in Wevelgem, Finance and insurance sector#3 company by total assets in Wevelgem, Finance and insurance sector
Equity
€213.4m▲ 19.0%
2024 · €179.4m
Net result
€32.0m▲ 140%
2024 · €13.3m
Total assets
€260.9m▼ 12.5%
2024 · €298.3m
Solvency
81.8%▲ 21.7pp
2024 · 60.1%
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
Line20212022202320242025
Turnover€1.4m▼ 6.1%€4.0m▲ 196%€5.9m▲ 47.4%€14.6m▲ 146%€17.2m▲ 17.7%
Operating result-€627,757€1.3m€1.4m▲ 5.4%€9.0m▲ 532%€7.9m▼ 11.7%
Net result-€2.5m▼ 3,348%€28.7m€11.3m▼ 60.7%€13.3m▲ 18.4%€32.0m▲ 140%
Equity€70.7m▲ 74.1%€122.8m▲ 73.8%€166.1m▲ 35.2%€179.4m▲ 8.0%€213.4m▲ 19.0%
Total assets€178.7m▲ 154%€230.0m▲ 28.7%€288.5m▲ 25.4%€298.3m▲ 3.4%€260.9m▼ 12.5%
Debt€108.1m▲ 263%€107.2m▼ 0.8%€122.4m▲ 14.2%€118.9m▼ 2.9%€47.5m▼ 60.1%
Working capital€2.5m▼ 78.3%€32.7m▲ 1,210%€30.0m▼ 8.1%€52.2m▲ 73.9%€7.1m▼ 86.3%
Solvency39.5%▼ 18.2pp53.4%▲ 13.9pp57.6%▲ 4.2pp60.1%▲ 2.6pp81.8%▲ 21.7pp
Staff (FTE)29.2▲ 360%12.1▲ 31.5%13.4▲ 10.7%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 12% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €260.9m
Fixed assets
€250.6m ▲ 9.5%
Current assets
€10.3m ▼ 85.1%
Equity and liabilities €260.9m
Equity
€213.4m ▲ 19.0%
Debt
€47.5m ▼ 60.1%
Debt's share of the balance-sheet total falls from 39.9% to 18.2%. Equity is higher and debt is lower.
Key figures and ratios
ROE
15.0%▲
2024 · 7.4%
ROA
12.3%▲
2024 · 4.5%
Debt ≤ 1 year
€3.2m▼
2024 · €17.1m
Debt > 1 year
€43.8m▼
2024 · €100.0m
Income taxes
€1.1m▲
2024 · €1.1m
Staff costs
€1.3m▲
2024 · €1.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €1.4m | €4.1m | €5.9m | €14.6m | €17.2m | ▲ 17.7% |
| Turnover70 | €1.4m | €4.0m | €5.9m | €14.6m | €17.2m | ▲ 17.7% |
| Other operating income74 | - | €32,900 | €804 | €501 | €1,297 | ▲ 159% |
| Operating charges60/66A | €2.0m | €2.7m | €4.5m | €5.6m | €9.3m | ▲ 64.5% |
| Services and other goods61 | €1.9m | €2.5m | €3.6m | €4.4m | €7.7m | ▲ 74.5% |
| Remuneration, social security and pensions62 | - | €154,987 | €828,102 | €1.1m | €1.3m | ▲ 14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €5,095 | €46,483 | €87,577 | €134,998 | ▲ 54.1% |
| Other operating charges640/8 | €82,380 | €3,586 | €5,113 | €2,510 | €139,456 | ▲ 5,455% |
| Non-recurring operating charges66A | - | €28,170 | €6,640 | €0 | - | - |
| Operating profit (loss)9901 | -€627,757 | €1.3m | €1.4m | €9.0m | €7.9m | ▼ 11.7% |
| Financial income75/76B | €143,848 | €30.9m | €16.3m | €12.9m | €36.5m | ▲ 183% |
| Recurring financial income75 | €143,848 | €23.8m | €16.3m | €12.9m | €10.0m | ▼ 22.8% |
| Income from financial fixed assets750 | - | €23.7m | €13.3m | €10.3m | €8.2m | ▼ 20.4% |
| Income from current assets751 | €137,499 | €78,258 | €3.0m | €2.6m | €1.8m | ▼ 32.4% |
| Other financial income752/9 | €6,348 | €381 | €6,965 | €195 | €0 | ▼ 100% |
| Non-recurring financial income76B | - | €7.1m | €0 | - | €26.6m | - |
| Financial charges65/66B | €2.0m | €3.6m | €6.3m | €7.5m | €11.3m | ▲ 51.2% |
| Recurring financial charges65 | €2.0m | €3.6m | €6.3m | €7.5m | €6.3m | ▼ 15.4% |
| Debt charges650 | €1.8m | €3.5m | €6.1m | €7.5m | €6.2m | ▼ 16.6% |
| Other financial charges652/9 | €180,913 | €46,961 | €140,753 | €14,118 | €94,899 | ▲ 572% |
| Non-recurring financial charges66B | - | - | - | - | €5.0m | - |
| Profit (loss) for the period before taxes9903 | -€2.5m | €28.7m | €11.4m | €14.4m | €33.1m | ▲ 130% |
| Income taxes67/77 | - | - | €160,256 | €1.1m | €1.1m | ▲ 3.2% |
| Taxes670/3 | - | - | €160,256 | €1.1m | €1.2m | ▲ 6.2% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €57,152 | €93,055 | ▲ 62.8% |
| Profit (loss) for the period9904 | -€2.5m | €28.7m | €11.3m | €13.3m | €32.0m | ▲ 140% |
| Profit (loss) for the period to be appropriated9905 | -€2.5m | €28.7m | €11.3m | €13.3m | €32.0m | ▲ 140% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €178.7m | €230.0m | €288.5m | €298.3m | €260.9m | ▼ 12.5% |
| Fixed assets21/28 | €169.5m | €175.9m | €250.6m | €228.9m | €250.6m | ▲ 9.5% |
| Intangible fixed assets21 | - | €20,538 | €210,041 | €340,998 | €406,680 | ▲ 19.3% |
| Tangible fixed assets22/27 | - | €66,584 | €65,526 | €70,506 | €95,770 | ▲ 35.8% |
| Furniture and vehicles24 | - | €66,584 | €65,526 | €70,506 | €95,770 | ▲ 35.8% |
| Financial fixed assets28 | €169.5m | €175.8m | €250.4m | €228.5m | €250.1m | ▲ 9.4% |
| Affiliated companies280/1 | €169.5m | €175.8m | €250.4m | €228.5m | €250.1m | ▲ 9.4% |
| Participating interests280 | €169.5m | €175.8m | €227.8m | €228.1m | €249.7m | ▲ 9.5% |
| Amounts receivable281 | - | - | €22.6m | €392,977 | €406,916 | ▲ 3.5% |
| Current assets29/58 | €9.2m | €54.1m | €37.8m | €69.3m | €10.3m | ▼ 85.1% |
| Amounts receivable after more than one year29 | - | - | €30.2m | €55.3m | €0 | ▼ 100% |
| Other amounts receivable291 | - | - | €30.2m | €55.3m | €0 | ▼ 100% |
| Stocks and contracts in progress3 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts receivable within one year40/41 | €7.8m | €52.0m | €6.3m | €8.6m | €8.8m | ▲ 2.9% |
| Trade receivables40 | €1.5m | €3.2m | €4.4m | €3.6m | €7.2m | ▲ 98.0% |
| Other amounts receivable41 | €6.4m | €48.8m | €1.8m | €5.0m | €1.7m | ▼ 66.4% |
| Cash at bank and in hand54/58 | €1.3m | €2.1m | €1.4m | €5.3m | €1.4m | ▼ 74.4% |
| Deferred charges and accrued income490/1 | - | €34,470 | €35,505 | €95,243 | €90,900 | ▼ 4.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €178.7m | €230.0m | €288.5m | €298.3m | €260.9m | ▼ 12.5% |
| Equity10/15 | €70.7m | €122.8m | €166.1m | €179.4m | €213.4m | ▲ 19.0% |
| Contributions10/11 | €74.3m | €97.8m | €129.8m | €129.8m | €131.8m | ▲ 1.5% |
| Capital10 | €64.7m | €85.9m | €115.5m | €115.5m | €117.5m | ▲ 1.7% |
| Issued capital100 | €64.7m | €85.9m | €115.5m | €115.5m | €117.5m | ▲ 1.7% |
| Outside capital11 | €9.6m | €11.9m | €14.2m | €14.2m | €14.2m | = |
| Share premium1100/10 | €9.6m | €11.9m | €14.2m | €14.2m | €14.2m | = |
| Reserves13 | - | €1.3m | €1.8m | €2.5m | €4.1m | ▲ 66.5% |
| Non-distributable reserves130/1 | - | €1.3m | €1.8m | €2.5m | €4.1m | ▲ 66.5% |
| Legal reserve130 | - | €1.3m | €1.8m | €2.5m | €4.1m | ▲ 66.5% |
| Profit (loss) carried forward14 | -€3.7m | €23.8m | €34.5m | €47.1m | €77.5m | ▲ 64.5% |
| Amounts payable17/49 | €108.1m | €107.2m | €122.4m | €118.9m | €47.5m | ▼ 60.1% |
| Amounts payable after more than one year17 | €100.8m | €85.0m | €112.7m | €100.0m | €43.8m | ▼ 56.1% |
| Financial debts170/4 | €95.3m | €85.0m | €105.0m | €100.0m | €0 | ▼ 100% |
| Credit institutions173 | €95.3m | €85.0m | €105.0m | €100.0m | €0 | ▼ 100% |
| Other amounts payable178/9 | €5.6m | €0 | €7.8m | €0 | €43.8m | - |
| Amounts payable within one year42/48 | €6.7m | €21.4m | €7.8m | €17.1m | €3.2m | ▼ 81.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €5.0m | €0 | ▼ 100% |
| Trade debts44 | €116,158 | €667,971 | €336,593 | €1.0m | €2.9m | ▲ 186% |
| Suppliers440/4 | €116,158 | €667,971 | €336,593 | €1.0m | €2.9m | ▲ 186% |
| Taxes, remuneration and social security45 | - | €79,275 | €363,665 | €251,279 | €292,147 | ▲ 16.3% |
| Taxes450/3 | - | €11,256 | €140,359 | €49,335 | €65,742 | ▲ 33.3% |
| Remuneration and social security454/9 | - | €68,019 | €223,306 | €201,943 | €226,405 | ▲ 12.1% |
| Other amounts payable47/48 | €6.5m | €20.6m | €7.1m | €10.8m | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €549,784 | €864,087 | €1.9m | €1.8m | €463,016 | ▼ 74.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2.5m | €28.7m | €11.3m | €13.3m | €32.0m | ▲ 140% |
| + Depreciation and write-downs630 | - | €5,095 | €46,483 | €87,577 | €134,998 | ▲ 54.1% |
| Operating cash flow (approximation) | -€2.5m | €28.7m | €11.3m | €13.4m | €32.2m | ▲ 140% |
| Investment in fixed assets (approximation) | - | -€6.4m | -€74.8m | €21.6m | -€21.8m | ▼ 201% |
| Change in cash | - | €751,482 | -€688,715 | €4.0m | -€4.0m | ▼ 201% |
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
Next filing, fiscal year 2026, expected by
2026
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2019net €32.0m ▲140%
Net result €32.0m, the highest in the series.
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · consolidated
2024
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · consolidated
2023
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · consolidated
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €28.7m
Net result €28.7m after 3 loss-making years.
31-12
Financial
Equity above €100mEq €122.8m ▲73.8%
Equity rises from €70.7m to €122.8m.
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet -€2.5m
Net result drops to -€2.5m, the lowest in the series; recovery starts the following year.
Show earlier events
31-12
Financial
Equity above €50mEq €70.7m ▲74.1%
Equity rises from €40.6m to €70.7m.
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Liquidity times 383current ratio 16.34
Current ratio from 0.04 to 16.34; short-term debt falls from €4.7m to €750,077.
31-12
Financial
Equity above €25mEq €40.6m ▲84.6%
Equity rises from €22.0m to €40.6m.
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 35 acts read
About the unread acts
We know of 35 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
35 acts for this company are 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, Wevelgem · 1 establishment unit since 2018
Ground area
1.0 ha
Building footprint
5,487 m²
Volume, LiDAR
32,979 m³
Parcel 34012A0353/00N000, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
Packaging PrintCo
since 20182.282.262.916
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34012A0353/00N000 | Flanders | 1.0 ha | 1 · 5,487 m² | 9.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Heads the group
Packaging PrintCo
10 companies
Group, risk and exposure
Owners and holdings
1 holding · 29 subsidiaries in the treeOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
100%
All subsidiaries, including indirect ones 29+
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
Label printing Europe 100%28 subsidiaries
Accent 86.27%27 subsidiaries
- Asteria Deutschland GmbHDE 100%
- Asteria Nederland BVNL 100%
- Barthel GmbhDE 100%
- Barthel Nederland BVNL 100%
- Berkshire Labels LimitedGB 100%
- Corunesa De Etiquetas SLES 100%
- CS Labels LIMITEDGB 100%
- DIGILINCK 100%
- Ero-Etikett GmbHDE 100%
- Eticoll Zelfklevende Etiketten BVNL 100%
- Etiquetas Y Graficas SLES 100%
EXIT 7 100%1 subsidiary
- Grafiket ASDK 100%
- GraphilysFR 100%
- Green Label A/SDK 100%
- Impackt SASFR 100%
- LabelcraftIE 100%
- Logo etiketten GMBHDE 100%
- Mobo Etiketten GMBHDE 100%
- Nordic Label Oy AbFI 100%
- ORBO 100%
- Osaühing Data PrintEE 100%
- PPC Finance 100%
- Robifa GMBHDE 100%
- Stickem SASFR 100%
- Vuye Flexible Packaging 100%
The tree shows 29 companies up to 4 levels deep; there are more. Open a subsidiary's dossier to look further.
According to the 2025 annual accounts of Packaging PrintCo and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 195 EUR awarded · 195 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 195 EUR | 195 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
549300KE5FGFOBQVOI15
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,773. 1,114 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded31-08-2018
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0701960690
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.