Active BE 0419.533.710Public limited companyOpen bankruptcy

PACKET PRINT

Miksebeekstraat 182 ·2930 Brasschaat, Belgium· 47 yrs active

Sector: Vervaardiging van papier en karton (17120)

Conclusion Checked

A bankruptcy procedure is open for PACKET PRINT according to publications in the Belgian State Gazette. The 2022 annual accounts show negative equity (€-428k) and a net result of €-215k.

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€-428k
Net result	€-215k
Staff (FTE)	7.3
Better than sector	6%

Snowflake analysis 5 of 5 axes measured · computed by Checked

33 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0

Profitability 100

Solvency 33

Growth 32

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

50 / 100

High riskRegister: open bankruptcy

This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.

Components

· Open bankruptcy (+50)

Trust signals 2 signals

Register: open bankruptcy

The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags 0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2022 · computed

0 / 100 Critical

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

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Computed by Checked from the NBB filing for FY 2022 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 04-11-2022 with the NBB · fiscal year 2022 · verkort

Operating resultNet result

Sector comparison

Fiscal year 2022 · NACE 17 · compared across all schema types (micro, abbreviated and full combined)

Metric	This company	Sector median	Position in the sector
Solvency	-41.3%	34.8%	better than 6% of 31 sector peers
Net result	€-215k	€12k	better than 10% of 31 sector peers
Equity	€-428k	€393k	better than 5% of 31 sector peers
Total assets	€1.04M	€1.28M	better than 38% of 31 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€-218k

-38.6% 18-22

Net profit

€-215k

+46.4% 18-22

Cash flow

€-192k

+49.6% 18-22

Total assets

€1.04M

-0.4% 18-22

Equity

€-428k

-100.4% 18-22

Working capital

€-964k

-43.5% 18-22

Employees (FTE)

7

-1.4% 18-22

Staff costs

€623k

- 18-22

Income taxes

€771

-12.6% 18-22

Debt

€1.47M

+16.8% 18-22

Debt ≤ 1y

€1.43M

+25.8% 18-22

Debt > 1y

€34k

-29.7% 18-22

Current ratio

0.33

-20.2% 18-22

Quick ratio

0.27

-5.1% 18-22

Solvency

-41.3%

-101.3% 18-22

Debt / equity

-3.42

-1421.5% 18-22

ROE

50.1%

-73.3% 18-22

ROA

-20.7%

+46.2% 18-22

Interest coverage

-4.53

- 18-22

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2022
Deposit	verkort
Revenue	-
EBITDA	€-218k
Net profit	€-215k
Cash flow	€-192k
Staff costs	€623k
Income taxes	€771
Dividends	-
Total assets	€1.04M
Equity	€-428k
Debt	€1.47M
of which ≤ 1y	€1.43M
of which > 1y	€34k
Working capital	€-964k
Employees (FTE)	7.3

Ratios (computed)

	2022
Current ratio	0.33
Quick ratio	0.27
Working capital ratio	-92.9%
Solvency	-41.3%
Debt / equity	-3.42
Long-term debt ratio	-0.08
Interest coverage	-4.53
Gross margin	-
Net margin	-
ROA	-20.7%
ROE	50.1%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2022

Assets

Fixed assets €569k · 54.9% Current assets €468k · 45.1%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2022
Balance sheet, Assets
TOTAL ASSETS	20/58	€1.04M
Fixed assets	21/28	€569k
Tangible fixed assets	22/27	€79k
Financial fixed assets	28	€490k
Current assets	29/58	€468k
Stocks & contracts in progress	3	€84k
Amounts receivable within one year	40/41	€358k
Cash & bank	54/58	€26k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€1.04M
Equity	10/15	€-428k
Contributions / capital	10/11	€100k
Reserves	13	€87k
Accumulated profits (losses)	14	€-615k
Amounts payable	17/49	€1.47M
Amounts payable after one year	17	€34k
Amounts payable within one year	42/48	€1.43M
Trade debts payable within one year	44	€355k
Income statement
Gross operating margin	9900	€417k
Operating result	9901	€-241k
Financial income	75	€6k
Financial charges	65	€48k
Result before taxes	9903	€-214k
Income taxes	67/77	€771
Net result for the period	9904	€-215k
Result to be appropriated	9905	€-215k

You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	GUY VANHOUCKE ANSELMOSTRAAT 2, 2018 ANTWERPEN 1 ↔ Also on 106 other cases	27-06-2023 → present	Belgian State Gazette

Legal Structure

NACE primary	Vervaardiging van papier en karton(17120)
Legal form	Public limited company(014)
Incorporation	02-07-1979
Status	Active
Postal code	2930
First BS signal	04-07-2023
Latest BS signal	04-07-2023

Establishment units 1 location

Max Hermanlei 29, 2930 Brasschaat

Vervaardiging van producten van kunststof

since 19792.016.332.367

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11322C0427/00H000	Flanders	2,433 m²	1 · 725 m²	14.6 m · 1 fl.
11323F0220/00T002	Flanders	2,140 m²	1 · 194 m²	13.3 m · 1 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2023

04-07-2023

Bankruptcy Opening

Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · PACKET PRINT NV MIKSEBEEK- STRAAT 182, 2930 BRASSCHAAT · event 27-06-2023

2022

04-11-2022