Financials
- Fiscal year
- 2024
- Turnover
- €26.0m
- Profit
- €523,227
- Solvency
- 56.6%
Turnover▼ 5.3%
Net result
20182024
PACKO
ActiveSummary
PACKO has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €9.9m and a net result of €523,227. Equity is growing by ~6.7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.0% (low).
Overview
Activity
Manufacture of machinery and equipment not elsewhere classified
NACE 28300NACE 29321Wholesale trade NACE 46610
#2 company by total assets in Zedelgem, Manufacturing sector2 sites
Size
€26.0mturnover 2024
- Staff
- 26.7 FTE
- Equity
- €9.9m
- Profit
- €523,227
Structure
- Parent
- Royal Reesink BV
Accounts 42 d early0 of 25 deeds read
Why 66- Figures for FY 2024 (filed 22-07-2025)- Liquidity: current ratio 2.33, cash €206,510, halved+ Founded in 1999+ Equity €9.9m (56.6% of total assets)Show the evidence
Checked score
Score 2024
66
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 42% of its sector peers (NACE 28, small)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Average
Solvency
82+5
equity 56.6% of total assets
Liquidity
32-45
short-term debt 41.9% · cash 1.2%
Profitability
48-14
return on assets 3.0%
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 20 months
03-2025: 0.1%
04-2025: 0.1%▼ -3.6% vs 03-2025lowest value
05-2025: 0.1%▲ +1.9% vs 04-2025
06-2025: 0.1%▼ -1.8% vs 05-2025lowest value
07-2025: 0.1%▲ +9.3% vs 06-2025
08-2025: 0.5%▲ +808% vs 07-2025
09-2025: 0.5%● 0.0% vs 08-2025
10-2025: 0.5%● 0.0% vs 09-2025
11-2025: 0.5%● 0.0% vs 10-2025
12-2025: 0.5%● 0.0% vs 11-2025
01-2026: 0.5%● 0.0% vs 12-2025
02-2026: 0.5%▼ -3.5% vs 01-2026
03-2026: 0.5%▲ +1.4% vs 02-2026
04-2026: 0.5%● 0.0% vs 03-2026
05-2026: 0.5%▲ +2.1% vs 04-2026
06-2026: 0.5%▲ +2.2% vs 05-2026
07-2026: 0.3%▼ -38.6% vs 06-2026
08-2026: 0.6%▲ +64.6% vs 07-2026
09-2026: 0.6%▲ +16.8% vs 08-2026
10-2026: 1.0%▲ +51.7% vs 09-2026highest value
- Figures for FY 2024 (filed 22-07-2025) raises the probability
- Liquidity: current ratio 2.33, cash €206,510, halved raises the probability
- Founded in 1999 lowers the probability for this profile
- Equity €9.9m (56.6% of total assets) lowers the probability
Credit up to €650,000 at 30 days acceptable
Liquidity ample (current ratio 2.33 against 2.09 in 2023; short-term debt: 41.9% and cash: 1.2% of total assets), and 43.4% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 28, small). Better than this share of them on solvency 69%, liquidity 28%, profitability 26%, growth against the median 44%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○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 19-06-2026, 42 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
42 d early
2024
110 d late
2023
7 d early
2022
140 d late
2021
311 d late
2020
31 d early
2019
32 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 64 days after the deadline; the sector median for financial year 2024 is 11 days before the deadline, and 32% 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. Usually files around 18 November (4 of the last 5 filed years within 152 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · full…
- Annual accounts filedfiscal year 2024 · full…
- Annual accounts filedfiscal year 2023 · full…
Key points
By topic
Board & ownership
- Parent
- Royal Reesink BV
Timeline
- Events
- 12
- Since
- 2017
- Next accounts
- by 31-07-2027
- 19-06-2026Annual accounts filed
- 18-11-2025Annual accounts filed
- 24-07-2024Annual accounts filed
Company details
- Sites
- 2
- Legal form
- Public limited company
- Activity
- Manufacture of machinery and equipment not elsewhere classifiedNACE 28300
- Founded
- 12-07-1999
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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