PACKMAN
InactiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 30-01-2026 PDF all 9 filings
Turnover
≈ €140,000
Estimated: probably between €83,000 and €250,000
Total assets
€107,089▼ 8.8%
2024 · €117,383
Net result
-€13,573
2024 · €6,023
Working capital
€54,448▼ 8.4%
2024 · €59,436
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
-€13,245
2025
20192025
Net result
-€13,573
2025
20192025
Equity
€60,317
▼ 18.4%
2025
20192025
Total assets
€107,089
▼ 8.8%
2025
20192025
Debt
€46,772
▲ 7.5%
2025
20192025
Working capital
€54,448
▼ 8.4%
2025
20192025
Staff (FTE)
1
=
2025
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€28,066-€452▼ 98.4%€50,340▲ 111×-€12,042-€21,305▼ 76.9%€6,937-€13,245
Net result€19,832--€157€37,096-€12,592-€21,950▼ 74.3%€6,023-€13,573
Equity€65,469-€65,313▼ 0.2%€102,409▲ 56.8%€89,817▼ 12.3%€67,867▼ 24.4%€73,890▲ 8.9%€60,317▼ 18.4%
Total assets€105,618-€105,533▼ 0.1%€154,163▲ 46.1%€125,748▼ 18.4%€107,935▼ 14.2%€117,383▲ 8.8%€107,089▼ 8.8%
Debt€40,149-€40,221▲ 0.2%€51,754▲ 28.7%€35,931▼ 30.6%€40,068▲ 11.5%€43,493▲ 8.5%€46,772▲ 7.5%
Working capital€51,457-€31,536▼ 38.7%€63,057▲ 100.0%€54,345▼ 13.8%€45,633▼ 16.0%€59,436▲ 30.2%€54,448▼ 8.4%
Staff (FTE)0.81.5▲ 87.5%1.4▼ 6.7%1▼ 28.6%1=1=
The operating result for 2025 is a loss of €13,245, after a profit of €6,937 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €107,089
Fixed assets
€5,868 ▼ 59.4%
Current assets
€101,221 ▼ 1.7%
Equity and liabilities €107,089
Equity
€60,317 ▼ 18.4%
Debt
€46,772 ▲ 7.5%
Debt's share of the balance-sheet total rises from 37.1% to 43.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€6,984▼
2024 · €17,566
Cash flow
-€7,312▼
2024 · €16,653
Current ratio
2.16▼
2024 · 2.37
Debt to equity
0.78▲
2024 · 0.59
ROE
-22.5%▼
2024 · 8.2%
ROA
-12.7%▼
2024 · 5.1%
Interest coverage
-53.47▼
2024 · 22.94
Debt ≤ 1 year
€46,772▲
2024 · €43,493
Income taxes
€197▲
2024 · €148
Staff costs
€40,321▲
2024 · €36,288
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 1 | 1 |
| part-time | 1 | 1 | 1 | 1 |
| in full-time equivalents | 0.8 | 0.8 | 0.8 | 0.8 |
| Average over the year, in full-time equivalents | 1.4 | 0.8 | 0.8 | 0.8 |
| On a permanent contract | 1 | 1 | 1 | 1 |
| Joined | 0 | - | - | - |
| Left | 1 | - | - | - |
| Training hours | 3 | 4 | 4 | - |
Source: social balance sheet in the 2022 to 2025 annual accounts
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €5,018 | - | - | - |
| Intangible fixed assets | €5,054 | - | €2,850 | - |
| Depreciation and write-downs of the year | €13,953 | €13,238 | €10,630 | €6,262 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €6,277 | - |
| Remuneration, social security and pensions62 | - | - | - | €49,904 | €33,766 | €36,288 | €40,321 | ▲ 11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,640 | €12,958 | €17,849 | €13,953 | €13,238 | €10,630 | €6,262 | ▼ 41.1% |
| Other operating charges640/8 | - | - | - | €802 | €1,054 | €979 | €1,000 | ▲ 2.2% |
| Gross operating margin9900 | €41,570 | €52,996 | €113,939 | €52,616 | €26,753 | €54,833 | €34,338 | ▼ 37.4% |
| Operating profit (loss)9901 | €28,066 | €452 | €50,340 | -€12,042 | -€21,305 | €6,937 | -€13,245 | - |
| Financial income75/76B | - | - | - | - | - | - | €0 | - |
| Recurring financial income75 | €0 | €0 | €0 | - | - | - | €0 | - |
| Financial charges65/66B | - | - | - | €422 | €506 | €766 | €131 | ▼ 82.9% |
| Recurring financial charges65 | €534 | €476 | €373 | €422 | €506 | €766 | €131 | ▼ 82.9% |
| Profit (loss) for the period before taxes9903 | €27,531 | -€24 | €49,967 | -€12,464 | -€21,811 | €6,171 | -€13,376 | - |
| Income taxes67/77 | €7,699 | €133 | €12,871 | €128 | €139 | €148 | €197 | ▲ 33.5% |
| Profit (loss) for the period9904 | €19,832 | -€157 | €37,096 | -€12,592 | -€21,950 | €6,023 | -€13,573 | - |
| Profit (loss) for the period to be appropriated9905 | €19,832 | -€157 | €37,096 | -€12,592 | -€21,950 | €6,023 | -€13,573 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €105,618 | €105,533 | €154,163 | €125,748 | €107,935 | €117,383 | €107,089 | ▼ 8.8% |
| Fixed assets21/28 | €19,007 | €34,786 | €39,352 | €35,472 | €22,234 | €14,454 | €5,868 | ▼ 59.4% |
| Intangible fixed assets21 | - | €14,453 | €28,996 | €26,234 | €17,928 | €12,130 | €5,868 | ▼ 51.6% |
| Tangible fixed assets22/27 | €19,007 | €20,332 | €10,356 | €9,238 | €4,305 | €2,324 | - | - |
| Furniture and vehicles24 | - | - | - | €9,238 | €4,305 | €2,324 | - | - |
| Current assets29/58 | €86,611 | €70,748 | €114,811 | €90,276 | €85,701 | €102,928 | €101,221 | ▼ 1.7% |
| Amounts receivable within one year40/41 | €15,229 | €30,371 | €30,486 | €14,827 | €15,912 | €36,403 | €18,297 | ▼ 49.7% |
| Trade receivables40 | - | - | - | €14,827 | €15,912 | €36,403 | €18,297 | ▼ 49.7% |
| Cash at bank and in hand54/58 | €71,382 | €39,562 | €83,502 | €69,923 | €64,093 | €62,853 | €78,418 | ▲ 24.8% |
| Deferred charges and accrued income490/1 | - | - | - | €5,527 | €5,697 | €3,672 | €4,506 | ▲ 22.7% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €105,618 | €105,533 | €154,163 | €125,748 | €107,935 | €117,383 | €107,089 | ▼ 8.8% |
| Equity10/15 | €65,469 | €65,313 | €102,409 | €89,817 | €67,867 | €73,890 | €60,317 | ▼ 18.4% |
| Contributions10/11 | €6,200 | - | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €59,269 | €59,269 | €96,209 | €96,209 | €96,209 | €96,209 | €96,209 | = |
| Non-distributable reserves130/1 | - | - | - | €2,000 | €2,000 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €2,000 | €2,000 | - | - | - |
| Distributable reserves133 | - | - | - | €94,209 | €94,209 | €96,209 | €96,209 | = |
| Profit (loss) carried forward14 | - | -€157 | - | -€12,592 | -€34,542 | -€28,519 | -€42,092 | ▼ 47.6% |
| Amounts payable17/49 | €40,149 | €40,221 | €51,754 | €35,931 | €40,068 | €43,493 | €46,772 | ▲ 7.5% |
| Amounts payable after more than one year17 | €4,994 | €1,008 | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €35,154 | €39,212 | €51,754 | €35,931 | €40,068 | €43,493 | €46,772 | ▲ 7.5% |
| Trade debts44 | €16,445 | €19,343 | €13,547 | €10,638 | €13,649 | €13,034 | €17,149 | ▲ 31.6% |
| Suppliers440/4 | - | - | - | €10,638 | €13,649 | €13,034 | €17,149 | ▲ 31.6% |
| Taxes, remuneration and social security45 | - | - | - | €17,743 | €17,089 | €19,124 | €16,374 | ▼ 14.4% |
| Taxes450/3 | - | - | - | €12,355 | €11,208 | €13,191 | €8,051 | ▼ 39.0% |
| Remuneration and social security454/9 | - | - | - | €5,388 | €5,880 | €5,932 | €8,323 | ▲ 40.3% |
| Other amounts payable47/48 | - | - | - | €7,549 | €9,331 | €11,335 | €13,250 | ▲ 16.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,832 | -€157 | €37,096 | -€12,592 | -€21,950 | €6,023 | -€13,573 | - |
| + Depreciation and write-downs630 | €12,640 | €12,958 | €17,849 | €13,953 | €13,238 | €10,630 | €6,262 | ▼ 41.1% |
| Operating cash flow (approximation) | €32,472 | €12,801 | €54,945 | €1,361 | -€8,712 | €16,653 | -€7,312 | - |
| Investment in fixed assets (approximation) | - | -€28,736 | -€22,415 | -€10,072 | €0 | -€2,850 | €2,324 | - |
| Change in cash | - | -€31,820 | €43,939 | -€13,579 | -€5,830 | -€1,240 | €15,565 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 30-01-2026 | 2026-00029653 | |
| 30-06-2024 | micro format | 12-12-2024 | 2024-00614428 | |
| 30-06-2023 | micro format | 08-12-2023 | 2023-00524340 | |
| 30-06-2022 | micro format | 15-12-2022 | 2022-20537652 | |
| 30-06-2021 | micro format | 24-12-2021 | 2021-81500288 | |
| 30-06-2020 | micro format | 29-01-2021 | 2021-03900093 | |
| 30-06-2019 | micro format | 13-12-2019 | 2019-75900389 | |
| 30-06-2018 | micro format | 14-12-2018 | 2018-74200407 | |
| 30-06-2017 | micro format | 31-01-2018 | 2018-03100115 |