packaging4professionals
Activepackaging4professionals has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.33M and a net result of €-339k. Equity is growing by ~23.8% per year across the filed fiscal years. Its solvency ranks better than 26% of 79 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
42
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability22▼-52
Solvency54▼-7
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days only on tighter terms
Liquidity tight (current ratio 1.34 against 1.35 in 2023; short-term debt: 64.9% and cash: 2% of total assets), and 71.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 17
Relative position
BE, all sectors
reference
Sector 17
higher
← fewer bankruptcies
more bankruptcies →
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
28.7%
Return on assets
-7.3%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-07-2025, 0 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
on the day
2023
6 d early
2022
26 d early
2021
74 d early
2020
53 d early
2019
31 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-339k
2023 · €218k
2018: €98k
2019: €168k
2020: €185k
2021: €522k
2022: €452k
2023: €218k
2018 → 2024
Working capital
€1.03M▼ 1.3%
2023 · €1.04M
2018: €-1.14M
2019: €-993k
2020: €-121k
2021: €93k
2022: €668k
2023: €1.04M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€728k-€1.19M▲ 63.2%€1.58M▲ 32.9%€1.73M▲ 9.9%€1.33M▼ 23.1%
Operating result€242k-€573k▲ 137%€500k▼ 12.7%€354k▼ 29.2%€-279k
Net result€185k-€522k▲ 182%€452k▼ 13.3%€218k▼ 51.9%€-339k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €279k after €354k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.64M
Fixed assets
€598k▼ 22.6%
Current assets
€4.04M▲ 0.9%
Equity and liabilities €4.64M
Equity
€1.33M▼ 23.1%
Debt
€3.30M▲ 8.6%
The debt ratio rises from 63.7% to 71.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€173k▼
2023 · €831k
Cash flow
€114k▼
2023 · €694k
Solvency
28.7%▼
2023 · 36.3%
Current ratio
1.34▼
2023 · 1.35
Quick ratio
0.39▼
2023 · 0.47
Debt / equity
2.48▲
2023 · 1.76
ROE
-25.4%▼
2023 · 12.6%
ROA
-7.3%▼
2023 · 4.6%
Interest coverage
1.45▼
2023 · 6.44
Debt
€3.30M▲
2023 · €3.04M
Debt ≤ 1 year
€3.01M▲
2023 · €2.96M
Debt > 1 year
€297k▲
2023 · €85k
Income taxes
€3k▼
2023 · €70k
Staff costs
€982k▼
2023 · €987k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€4.77M€4.64M▼
Fixed assets21/28€773k€598k▼
Intangible fixed assets21€23k€513▼
Tangible fixed assets22/27€749k€597k▼
Plant, machinery and equipment23€670k€567k▼
Furniture and vehicles24€13k€29k▲
Leasing and similar rights25€62k€1k▼
Other tangible fixed assets26€4k€0▼
Financial fixed assets28€1k€1k=
Current assets29/58€4.00M€4.04M▲
Stocks and contracts in progress3€2.62M€2.86M▲
Stocks30/36€1.82M€1.87M▲
Contracts in progress37€801k€984k▲
Amounts receivable within one year40/41€1.12M€1.06M▼
Trade receivables40€864k€757k▼
Other amounts receivable41€254k€303k▲
Cash at bank and in hand54/58€169k€91k▼
Deferred charges and accrued income490/1€90k€30k▼
Equity and liabilities
Total equity and liabilities10/49€4.77M€4.64M▼
Equity10/15€1.73M€1.33M▼
Contributions10/11€1.36M€1.36M=
Capital10€1.36M€1.36M=
Issued capital100€1.36M€1.36M=
Reserves13€14k€14k=
Non-distributable reserves130/1€14k€14k=
Legal reserve130€14k€14k=
Profit (loss) carried forward14€259k€-79k▼
Investment grants15€98k€36k▼
Amounts payable17/49€3.04M€3.30M▲
Amounts payable after more than one year17€85k€297k▲
Financial debts170/4€85k€297k▲
Amounts payable within one year42/48€2.96M€3.01M▲
Current portion of amounts payable after more than one year42€249k€150k▼
Financial debts43€1.14M€966k▼
Credit institutions430/8€1.14M€966k▼
Trade debts44€1.45M€1.74M▲
Suppliers440/4€1.45M€1.74M▲
Taxes, remuneration and social security45€106k€104k▼
Taxes450/3€6k€4k▼
Remuneration and social security454/9€100k€101k▲
Other amounts payable47/48€20k€41k▲
Accrued charges and deferred income492/3€0-
Income statement
Code20232024
Non-recurring operating income76A€520€0▼
Remuneration, social security and pensions62€987k€982k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€477k€452k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€6k€0▼
Other operating charges640/8€3k€2k▼
Non-recurring operating charges66A€30k€215k▲
Gross operating margin9900€1.86M€1.37M▼
Operating profit (loss)9901€354k€-279k▼
Financial income75/76B€62k€62k=
Recurring financial income75€62k€62k▼
Non-recurring financial income76B-€232
Financial charges65/66B€129k€120k▼
Recurring financial charges65€129k€120k▼
Profit (loss) for the period before taxes9903€288k€-336k▼
Income taxes67/77€70k€3k▼
Profit (loss) for the period9904€218k€-339k▼
Profit (loss) for the period to be appropriated9905€218k€-339k▼
Appropriation of the result
Profit (loss) to be appropriated9906€270k€-79k▼
Profit (loss) brought forward from the previous period14P€53k€259k▲
Transfer to equity691/2€11k€0▼
To the legal reserve6920€11k€0▼
Social balance
Average headcount (FTE)908721.320.6▼
The notes to these accounts (29 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-339k ▼256%
Net result drops to €-339k, the lowest in the series.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
18-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €522k ▲182%
Operating result €573k, net result €522k, both a record.
31-12
Financial
Equity above €1MEq €1.19M ▲63.2%
4 profitable years in a row build equity to €1.19M.
08-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Equity above €500kEq €605k ▲163%
2 profitable years in a row build equity to €605k.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 27 days late
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 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, Charleroi · 1 establishment unit since 2015
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.
Rue du Cimetière 96061 CharleroiGround area
1,252 m²
Building footprint
39 m²
Volume, LiDAR
204 m³
Parcel 52049C0039/00L002, Wallonia · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PACKAGING4PROFESSIONALS
since 20152.242.298.421
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52049C0039/00L002 | Wallonia | 1,252 m² | 1 · 39 m² | 8.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteCharleroi2.242.298.421
Similar companies · same sector, comparable size
ROVASAC
BE 0426.138.420
Oudenaarde · Eq €1.17M
CARTOPACK
BE 0449.151.966
Eeklo · Eq €1.12M
Cartec
BE 0415.539.585
Sint-Pieters-Leeuw · Eq €1.12M
SABEL - Emballage
BE 0414.759.825
Verviers · Eq €1.08M
ROTACOL
BE 0450.602.909
Andenne · Eq €1.65M
Of 125 companies in sector 17120 we hold annual accounts for 92. 54 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded08-05-2015
Fiscal year end31-12
Activities, NACEBEL
17120Manufacture of paper and paper products
17210Manufacture of paper and paper products
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.