PACKO COOLING
Open bankruptcySummary
A bankruptcy procedure is open for PACKO COOLING according to publications in the Belgian State Gazette. The 2021 annual accounts show equity of €3.6m and a net result of -€1.2m.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Ghent, Ostend division
- Declared bankrupt
- 27 February 2023
- Supervising judge
- Marie-Sophie Bulcke
- Official Gazette
- 03-03-2023 (pdf) ↗search the document for 2023/108449
Deadlines
- Provisional date payments stopped
- 27 February 2023A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 18 March 2023Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 29 March 2023art. XX.104 and XX.155 CEL
- First verification report
- passed on 28 April 2023Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 27 February 2024Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curators
- Gregory BelpameL. Spilliaertstraat 63, 8400 Oostendegregory@ferlin-belpame.be
- Jan FerlinL.Spil- Liaertstraat 63, 8400 Oostendejan@ferlin-belpame.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 19-07-2022, 12 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
12 d early
2020
38 d early
2019
78 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 43 days before 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 (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Manufacture of machinery and equipment not elsewhere classified sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2021, full schema
Turnover
€15.9m▲ 3.8%
2020 · €15.4m
EBIT margin
5.3%▲ 3.3pp
2020 · 2.1%
Net result
-€1.2m
2020 · €269,564
Working capital
€2.8m▲ 44.2%
2020 · €2.0m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 28, Manufacture of machinery and equipment not elsewhere classified, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201920202021
Turnover€16.7m-€15.4m▼ 8.3%€15.9m▲ 3.8%
Operating result€245,941-€316,137▲ 28.5%€847,673▲ 168%
Net result€197,066-€269,564within the sector's middle half▲ 36.8%-€1.2mbelow the sector's middle half
EBIT margin1.5%-2.1%▲ 0.6pp5.3%▲ 3.3pp
Equity€4.6m-€4.8mwithin the sector's middle half▲ 5.9%€3.6mwithin the sector's middle half▼ 25.2%
Total assets€10.6m-€9.6mwithin the sector's middle half▼ 9.4%€8.0mwithin the sector's middle half▼ 16.2%
Debt€5.9m-€4.7m▼ 20.6%€4.4m▼ 6.9%
Working capital€1.4m-€2.0m▲ 36.4%€2.8m▲ 44.2%
Solvency43.2%-50.5%within the sector's middle half▲ 7.3pp45.1%within the sector's middle half▼ 5.4pp
Staff (FTE)91.9-94.5above the sector's middle half▲ 2.8%90.3above the sector's middle half▼ 4.4%
above
within
below
the middle half (P25 to P75) of NACE 28, Manufacture of machinery and equipment not elsewhere classified, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2021 is 168% above 2020 and is the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €8.0m
Fixed assets
€843,064 ▼ 71.3%
Current assets
€7.2m ▲ 8.3%
Equity and liabilities €8.0m
Equity
€3.6m ▼ 25.2%
Provisions
€15,872 ▼ 36.7%
Debt
€4.4m ▼ 6.9%
Debt's share of the balance-sheet total rises from 49.3% to 54.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€1.2m▲
2020 · €719,376
Cash flow
-€880,759▼
2020 · €672,803
Current ratio
1.65▲
2020 · 1.42
Quick ratio
0.75=
2020 · 0.75
Debt to equity
1.22▲
2020 · 0.98
ROE
-33.7%▼
2020 · 5.6%
ROA
-15.2%▼
2020 · 2.8%
Interest coverage
40.77▲
2020 · 21.78
Debt ≤ 1 year
€4.3m▼
2020 · €4.7m
Income taxes
€17,584▼
2020 · €22,980
Staff costs
€5.7m▲
2020 · €5.5m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Operating income70/76A | €18.3m | €15.8m | €17.0m | ▲ 7.6% |
| Turnover70 | €16.7m | €15.4m | €15.9m | ▲ 3.8% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | €1.3m | €290,216 | €807,726 | ▲ 178% |
| Other operating income74 | €286,416 | €185,620 | €275,419 | ▲ 48.4% |
| Non-recurring operating income76A | €413 | €1,000 | - | - |
| Operating charges60/66A | €18.1m | €15.5m | €16.2m | ▲ 4.3% |
| Goods for resale, raw materials and consumables60 | €9.2m | €7.4m | €7.8m | ▲ 5.8% |
| Purchases600/8 | €9.2m | €7.6m | €7.7m | ▲ 2.0% |
| Change in stocks: decrease (increase)609 | -€77,079 | -€223,243 | €49,784 | ▲ 122% |
| Services and other goods61 | €3.1m | €2.2m | €2.3m | ▲ 3.6% |
| Remuneration, social security and pensions62 | €5.8m | €5.5m | €5.7m | ▲ 4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €445,014 | €403,239 | €336,433 | ▼ 16.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€398,498 | €31,253 | -€112,836 | ▼ 461% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | -€101,630 | -€39,544 | - | - |
| Other operating charges640/8 | €26,111 | €33,975 | €64,713 | ▲ 90.5% |
| Non-recurring operating charges66A | - | €13,564 | €58,109 | ▲ 328% |
| Operating profit (loss)9901 | €245,941 | €316,137 | €847,673 | ▲ 168% |
| Financial income75/76B | €14,036 | €49,529 | €545,183 | ▲ 1,001% |
| Recurring financial income75 | €14,036 | €49,529 | €84,183 | ▲ 70.0% |
| Income from current assets751 | €4,338 | €21,955 | €42,062 | ▲ 91.6% |
| Other financial income752/9 | €9,698 | €27,574 | €42,121 | ▲ 52.8% |
| Non-recurring financial income76B | - | - | €461,000 | - |
| Financial charges65/66B | €54,899 | €73,122 | €2.6m | ▲ 3,445% |
| Recurring financial charges65 | €54,899 | €53,754 | €2.6m | ▲ 4,723% |
| Debt charges650 | €23,560 | €33,034 | €29,045 | ▼ 12.1% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | - | - | €2.5m | - |
| Other financial charges652/9 | €31,339 | €20,720 | €22,781 | ▲ 9.9% |
| Non-recurring financial charges66B | - | €19,368 | - | - |
| Profit (loss) for the period before taxes9903 | €205,078 | €292,544 | -€1.2m | ▼ 510% |
| Income taxes67/77 | €8,012 | €22,980 | €17,584 | ▼ 23.5% |
| Taxes670/3 | €8,012 | €22,980 | €17,584 | ▼ 23.5% |
| Profit (loss) for the period9904 | €197,066 | €269,564 | -€1.2m | ▼ 552% |
| Profit (loss) for the period to be appropriated9905 | €197,066 | €269,564 | -€1.2m | ▼ 552% |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €10.6m | €9.6m | €8.0m | ▼ 16.2% |
| Fixed assets21/28 | €3.2m | €2.9m | €843,064 | ▼ 71.3% |
| Intangible fixed assets21 | €142,166 | €49,267 | €64 | ▼ 99.9% |
| Tangible fixed assets22/27 | €1.4m | €1.2m | €837,846 | ▼ 27.5% |
| Land and buildings22 | €103,063 | €89,922 | €77,356 | ▼ 14.0% |
| Plant, machinery and equipment23 | €1.2m | €962,333 | €697,738 | ▼ 27.5% |
| Furniture and vehicles24 | €75,597 | €98,455 | €62,752 | ▼ 36.3% |
| Leasing and similar rights25 | €22,035 | €4,224 | - | - |
| Financial fixed assets28 | €1.7m | €1.7m | €5,154 | ▼ 99.7% |
| Affiliated companies280/1 | €1.7m | €1.7m | - | - |
| Participating interests280 | €1.7m | €1.7m | - | - |
| Other financial fixed assets284/8 | €18,592 | €12,847 | €5,154 | ▼ 59.9% |
| Amounts receivable and cash guarantees285/8 | €18,592 | €12,847 | €5,154 | ▼ 59.9% |
| Current assets29/58 | €7.3m | €6.6m | €7.2m | ▲ 8.3% |
| Stocks and contracts in progress3 | €3.0m | €3.1m | €3.9m | ▲ 25.4% |
| Stocks30/36 | €3.0m | €3.1m | €3.9m | ▲ 25.4% |
| Raw materials and consumables30/31 | €1.3m | €1.5m | €1.4m | ▼ 2.8% |
| Work in progress32 | €744,963 | €476,212 | €710,326 | ▲ 49.2% |
| Finished goods33 | €935,552 | €1.2m | €1.7m | ▲ 51.9% |
| Advance payments36 | €3,311 | €986 | €1,810 | ▲ 83.6% |
| Amounts receivable within one year40/41 | €3.8m | €2.8m | €2.8m | ▼ 2.8% |
| Trade receivables40 | €2.5m | €1.9m | €2.0m | ▲ 3.7% |
| Other amounts receivable41 | €1.3m | €958,076 | €807,912 | ▼ 15.7% |
| Cash at bank and in hand54/58 | €475,356 | €618,247 | €458,345 | ▼ 25.9% |
| Deferred charges and accrued income490/1 | €52,416 | €39,917 | €38,257 | ▼ 4.2% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €10.6m | €9.6m | €8.0m | ▼ 16.2% |
| Equity10/15 | €4.6m | €4.8m | €3.6m | ▼ 25.2% |
| Contributions10/11 | €340,839 | €340,839 | €340,839 | = |
| Capital10 | €340,839 | - | - | - |
| Issued capital100 | €340,839 | - | - | - |
| Reserves13 | €2.9m | €2.9m | €2.9m | = |
| Non-distributable reserves130/1 | - | €51,923 | €51,923 | = |
| Legal reserve130 | €34,084 | - | - | - |
| Reserves not available under the articles1311 | - | €34,084 | €34,084 | = |
| Own shares acquired1312 | - | €17,839 | €17,839 | = |
| Tax-exempt reserves132 | €1.2m | €1.2m | €1.2m | = |
| Distributable reserves133 | €1.7m | €1.7m | €1.7m | = |
| Profit (loss) carried forward14 | €1.3m | €1.6m | €381,912 | ▼ 76.1% |
| Provisions and deferred taxes16 | €64,634 | €25,089 | €15,872 | ▼ 36.7% |
| Provisions for liabilities and charges160/5 | €64,634 | €25,089 | €15,872 | ▼ 36.7% |
| Pensions and similar obligations160 | €64,634 | €25,089 | €15,872 | ▼ 36.7% |
| Amounts payable17/49 | €5.9m | €4.7m | €4.4m | ▼ 6.9% |
| Amounts payable after more than one year17 | €4,065 | - | - | - |
| Financial debts170/4 | €4,065 | - | - | - |
| Leasing and similar obligations172 | €4,065 | - | - | - |
| Amounts payable within one year42/48 | €5.9m | €4.7m | €4.3m | ▼ 6.9% |
| Current portion of amounts payable after more than one year42 | €17,277 | €4,065 | - | - |
| Financial debts43 | €694,000 | €666,316 | €370,000 | ▼ 44.5% |
| Credit institutions430/8 | €194,000 | €166,316 | €370,000 | ▲ 122% |
| Other loans439 | €500,000 | €500,000 | - | - |
| Trade debts44 | €3.5m | €1.5m | €1.5m | ▲ 1.0% |
| Suppliers440/4 | €3.5m | €1.5m | €1.5m | ▲ 1.0% |
| Advances received on contracts in progress46 | €478,470 | €1.4m | €1.4m | ▲ 2.3% |
| Taxes, remuneration and social security45 | €1.2m | €1.1m | €1.1m | ▼ 5.0% |
| Taxes450/3 | €185,814 | €189,099 | €183,870 | ▼ 2.8% |
| Remuneration and social security454/9 | €969,734 | €928,974 | €877,774 | ▼ 5.5% |
| Other amounts payable47/48 | €34,332 | €10,503 | €1,500 | ▼ 85.7% |
| Accrued charges and deferred income492/3 | €62,100 | €56,968 | €52,888 | ▼ 7.2% |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €197,066 | €269,564 | -€1.2m | ▼ 552% |
| + Depreciation and write-downs630 | €445,014 | €403,239 | €336,433 | ▼ 16.6% |
| Operating cash flow (approximation) | €642,080 | €672,803 | -€880,759 | ▼ 231% |
| Investment in fixed assets (approximation) | - | -€99,437 | €1.8m | ▲ 1,873% |
| Change in cash | - | €142,891 | -€159,902 | ▼ 212% |
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
2023
03-03
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Oostende · event 27-02-2023
2022
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet -€1.2m
Net result drops to -€1.2m, the lowest in the series.
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2019net €269,564 ▲36.8%
Net result €269,564, the highest in the series.
14-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 23 days late
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 31 days late
2014
16-07
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
21-08
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 21 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 20 acts read
About the unread acts
We know of 20 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
20 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, Zedelgem · 1 establishment unit since 2001
Ground area
2.6 ha
Building footprint
616 m²
Volume, LiDAR
4,894 m³
Parcel 31040D0465/00D002, Flanders · tallest building 9.7 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
PACKO COOLING
since 20012.005.335.735
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31040D0465/00D002 | Flanders | 2.6 ha | 1 · 616 m² | 9.7 m · 3 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.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | GREGORY BELPAME L. SPILLIAERTSTRAAT 63,
8400 OOSTENDE |
27-02-2023 → present |
| Curator | JAN FERLIN L.SPIL-
LIAERTSTRAAT 63, 8400 OOSTENDE |
27-02-2023 → present |
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 39,562 EUR awarded · 39,562 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 20,972 EUR | 20,972 EUR |
| 2022 | 1 | 18,590 EUR | 18,590 EUR |
Schemes
Recognitions · licences · registrations
Legal Entity Identifier
549300VBSCLZFCPWPP41
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Of 263 companies in sector 28300 we hold annual accounts for 197. 125 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-03-1964
Fiscal year end31-12
Activities, NACEBEL 2025
28300Manufacture of machinery and equipment not elsewhere classified
25220Manufacture of fabricated metal products, except machinery and equipment
28250Manufacture of machinery and equipment not elsewhere classified
28930Manufacture of machinery and equipment not elsewhere classified
Contact
Website
www.packocooling.com
Phone
050250600
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.