PLUS PACK
ActiveSummary
PLUS PACK has been active since 1975 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8.4m and a net result of €639,701. Equity is growing by about 11% per year across the filed financial years. Its solvency ranks better than 76% of 828 sector peers (NACE 25, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Staff
- 51.4 FTE
- Equity
- €8.4m
- Profit
- €639,701
- Parent
- Plus Pack AS
- Anders Top HaustrupChair
- Camilla Haustrup HermansenDirector
Why 95raises riskSector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)lowers riskSize: turnover €20.4m, 51.4 FTE, total assets €12.4mFounded in 1975Equity €8.4m (67.9% of total assets)Show the evidence
Checked score
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 25, medium-sized): better than 85% on solvency, 64% on liquidity, 43% on profitability and 73% on growth.
The bankruptcy probability was computed on 28-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 7 accounts on average 23 days before the deadline; the sector median (NACE 25) for financial year 2024 is 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
- Appointments: PwC Bedrijfsrevisoren BV (statutory auditor)…Permanent representative: Katrijn Verhaegen ·…
- Annual accounts filedfinancial year 2025 · full…
- Annual accounts filedfinancial year 2024 · full…
Financials · financial year 2025, full format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 20% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 25, Manufacture of fabricated metal products, except machinery and equipment: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 1,579 companies that looked in July 2024 the way this one looks now, 0.1% went bankrupt within 24 months and 96.7% are still going.
- Medium-sized
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,579 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €20.2m | €20.7m | €18.9m | €18.7m | €20.9m | ▲ 12.2% |
| Turnover70 | €15.3m | €14.7m | €16.8m | €19.7m | €20.0m | €18.4m | €18.1m | €20.4m | ▲ 12.7% |
| Other operating income74 | - | - | - | €0.5m | €0.7m | €0.6m | €0.5m | €0.5m | ▼ 4.3% |
| Non-recurring operating income76A | - | - | - | - | €0.004m | - | - | - | - |
| Operating charges60/66A | - | - | - | €19.5m | €20.0m | €18.3m | €17.9m | €20.1m | ▲ 11.9% |
| Goods for resale, raw materials and consumables60 | - | - | - | €13.3m | €13.6m | €11.5m | €11.0m | €13.0m | ▲ 18.9% |
| Purchases600/8 | - | - | - | €13.3m | €13.6m | €11.4m | €11.0m | €13.0m | ▲ 18.9% |
| Change in stocks: decrease (increase)609 | - | - | - | €0.001m | -€192 | €0.001m | -€0.004m | -€0.002m | ▲ 39.3% |
| Services and other goods61 | - | - | - | €2.7m | €2.5m | €2.7m | €2.9m | €3.2m | ▲ 8.4% |
| Remuneration, social security and pensions62 | - | - | - | €3.4m | €3.6m | €3.9m | €3.8m | €3.5m | ▼ 6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 12.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €0.006m | - | - | €0.01m | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | -€0.08m | -€0.01m | -€0.01m | €0 | - | - |
| Other operating charges640/8 | - | - | - | €0.08m | €0.1m | €0.09m | €0.08m | €0.1m | ▲ 26.8% |
| Operating profit (loss)9901 | €1.0m | €0.6m | €0.7m | €0.6m | €0.7m | €0.7m | €0.7m | €0.9m | ▲ 19.9% |
| Financial income75/76B | - | - | - | €0.08m | €0.1m | €0.3m | €0.3m | €0.1m | ▼ 59.1% |
| Recurring financial income75 | €0.2m | €0.07m | €0.08m | €0.08m | €0.1m | €0.3m | €0.3m | €0.1m | ▼ 59.1% |
| Income from current assets751 | - | - | - | €0.08m | €0.1m | €0.3m | €0.3m | €0.1m | ▼ 58.1% |
| Other financial income752/9 | - | - | - | €0.004m | €190 | €0.001m | €0.009m | €13 | ▼ 99.9% |
| Financial charges65/66B | - | - | - | €0.2m | €0.1m | €0.2m | €0.1m | €0.1m | ▼ 4.2% |
| Recurring financial charges65 | €0.1m | €0.1m | €0.2m | €0.2m | €0.1m | €0.2m | €0.1m | €0.1m | ▼ 4.2% |
| Debt charges650 | €0.01m | €0.01m | €0.01m | €0.006m | €0.004m | €0.004m | €0.002m | €0.002m | ▲ 4.7% |
| Other financial charges652/9 | - | - | - | €0.2m | €0.1m | €0.2m | €0.1m | €0.1m | ▼ 4.3% |
| Profit (loss) for the period before taxes9903 | €1.0m | €0.5m | €0.7m | €0.5m | €0.6m | €0.8m | €0.9m | €0.9m | ▼ 5.7% |
| Income taxes67/77 | €0.003m | €0.01m | €0.001m | €0.002m | €0.002m | €0.05m | €0.3m | €0.3m | ▼ 10.2% |
| Taxes670/3 | - | - | - | €0.002m | €0.002m | €0.05m | €0.3m | €0.3m | ▼ 10.2% |
| Profit (loss) for the period9904 | €1.0m | €0.5m | €0.7m | €0.5m | €0.6m | €0.8m | €0.7m | €0.6m | ▼ 3.8% |
| Transfer to tax-exempt reserves689 | - | - | - | - | - | - | - | €0.3m | - |
| Profit (loss) for the period to be appropriated9905 | €1.0m | €0.5m | €0.7m | €0.5m | €0.6m | €0.8m | €0.7m | €0.3m | ▼ 51.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €9.0m | €9.1m | €10.4m | €11.8m | €11.8m | €12.2m | €12.7m | €12.4m | ▼ 2.3% |
| Fixed assets21/28 | €1.2m | €1.0m | €0.9m | €1.4m | €1.5m | €1.4m | €1.6m | €2.4m | ▲ 50.6% |
| Tangible fixed assets22/27 | €1.1m | €1.0m | €0.9m | €1.4m | €1.5m | €1.3m | €1.6m | €2.4m | ▲ 51.3% |
| Land and buildings22 | - | - | - | €0.7m | €0.7m | €0.6m | €0.6m | €1.1m | ▲ 81.3% |
| Plant, machinery and equipment23 | - | - | - | €0.5m | €0.7m | €0.6m | €0.9m | €1.0m | ▲ 20.8% |
| Furniture and vehicles24 | - | - | - | €0.08m | €0.05m | €0.03m | €0.01m | €0.1m | ▲ 713% |
| Assets under construction and advance payments27 | - | - | - | €0.1m | €0.03m | €0.04m | €0.08m | €0.1m | ▲ 60.1% |
| Financial fixed assets28 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Other financial fixed assets284/8 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Amounts receivable and cash guarantees285/8 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Current assets29/58 | €7.8m | €8.1m | €9.4m | €10.4m | €10.3m | €10.8m | €11.1m | €10.0m | ▼ 9.8% |
| Stocks and contracts in progress3 | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | ▲ 3.1% |
| Stocks30/36 | - | - | - | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | ▲ 3.1% |
| Raw materials and consumables30/31 | - | - | - | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | ▲ 3.1% |
| Amounts receivable within one year40/41 | €7.5m | €7.8m | €9.0m | €9.9m | €9.9m | €10.5m | €10.4m | €9.0m | ▼ 14.1% |
| Trade receivables40 | - | - | - | €2.7m | €3.0m | €2.7m | €3.6m | €2.7m | ▼ 27.2% |
| Other amounts receivable41 | - | - | - | €7.1m | €6.9m | €7.8m | €6.8m | €6.3m | ▼ 7.0% |
| Cash at bank and in hand54/58 | €0.1m | €0.05m | €0.2m | €0.4m | €0.3m | €0.2m | €0.5m | €0.9m | ▲ 78.1% |
| Deferred charges and accrued income490/1 | - | - | - | €0.1m | €0.09m | €0.09m | €0.08m | €0.07m | ▼ 13.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €9.0m | €9.1m | €10.4m | €11.8m | €11.8m | €12.2m | €12.7m | €12.4m | ▼ 2.3% |
| Equity10/15 | €4.0m | €4.5m | €5.2m | €5.7m | €6.3m | €7.1m | €7.8m | €8.4m | ▲ 8.2% |
| Contributions10/11 | €5.4m | €5.4m | €5.4m | €5.4m | €5.4m | €5.4m | €5.4m | €5.4m | = |
| Capital10 | - | - | - | €5.4m | €5.4m | €5.4m | €5.4m | €5.4m | = |
| Issued capital100 | - | - | - | €5.4m | €5.4m | €5.4m | €5.4m | €5.4m | = |
| Reserves13 | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | €1.2m | ▲ 35.4% |
| Non-distributable reserves130/1 | - | - | - | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | = |
| Legal reserve130 | - | - | - | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | = |
| Tax-exempt reserves132 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.6m | ▲ 101% |
| Profit (loss) carried forward14 | -€2.3m | -€1.8m | -€1.2m | -€0.6m | €0.02m | €0.8m | €1.4m | €1.8m | ▲ 22.2% |
| Provisions and deferred taxes16 | €0.1m | €0.2m | €0.1m | €0.03m | €0.01m | €0 | €0 | €0 | - |
| Provisions for liabilities and charges160/5 | - | - | - | €0.03m | €0.01m | €0 | €0 | €0 | - |
| Pensions and similar obligations160 | - | - | - | €0.03m | €0.01m | €0 | €0 | €0 | - |
| Amounts payable17/49 | €4.8m | €4.4m | €5.1m | €6.1m | €5.5m | €5.1m | €4.9m | €4.0m | ▼ 18.9% |
| Amounts payable within one year42/48 | €4.8m | €4.4m | €5.1m | €6.1m | €5.5m | €5.1m | €4.9m | €4.0m | ▼ 18.9% |
| Credit institutions430/8 | - | - | - | €0 | - | - | - | - | - |
| Trade debts44 | €4.0m | €3.5m | €4.5m | €5.5m | €4.9m | €4.4m | €4.1m | €3.4m | ▼ 17.5% |
| Suppliers440/4 | - | - | - | €5.5m | €4.9m | €4.4m | €4.1m | €3.4m | ▼ 17.5% |
| Taxes, remuneration and social security45 | - | - | - | €0.6m | €0.6m | €0.7m | €0.8m | €0.6m | ▼ 26.1% |
| Taxes450/3 | - | - | - | €0.09m | €0.09m | €0.1m | €0.3m | €0.2m | ▼ 40.4% |
| Remuneration and social security454/9 | - | - | - | €0.5m | €0.5m | €0.5m | €0.5m | €0.4m | ▼ 17.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.0m | €0.5m | €0.7m | €0.5m | €0.6m | €0.8m | €0.7m | €0.6m | ▼ 3.8% |
| + Depreciation and write-downs630 | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 12.7% |
| Operating cash flow (approximation) | €1.2m | €0.7m | €0.8m | €0.7m | €0.9m | €1.0m | €0.8m | €0.8m | ▼ 0.6% |
| Investment in fixed assets (approximation) | - | -€0.06m | -€0.1m | -€0.6m | -€0.4m | -€0.05m | -€0.4m | -€1.0m | ▼ 165% |
| Change in cash | - | -€0.1m | €0.1m | €0.2m | -€0.1m | -€0.1m | €0.3m | €0.4m | ▲ 18.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 57 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 06-08-2026 | 2026-00391280 |
| 31-12-2024 | full format | 24-11-2025 | 2025-00571074 |
| 31-12-2023 | full format | 18-06-2024 | 2024-00159650 |
| 31-12-2022 | full format | 30-05-2023 | 2023-00097596 |
| 31-12-2021 | full format | 07-06-2022 | 2022-20048041 |
| 31-12-2020 | full format | 26-05-2021 | 2021-15100325 |
| 31-12-2019 | full format | 04-06-2020 | 2020-14600474 |
| 31-12-2018 | full format | 03-06-2019 | 2019-15200298 |
| 31-12-2017 | full format | 29-05-2018 | 2018-14100530 |
| 31-12-2016 | full format | 26-06-2017 | 2017-20500534 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2022 to 2025 · 6 entries · €36,503 awarded · €36,503 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €2,386 | €2,386 |
| 2024 | 1 | €5,632 | €5,632 |
| 2023 | 2 | €15,065 | €15,065 |
| 2022 | 2 | €13,420 | €13,420 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 2
Day-to-day management 1
Statutory auditor 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Day-to-day management
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| Anders Top Haustrup |
|
| Camilla Haustrup Hermansen |
|
| Katrijn Verhaegen BV |
|
| BV PwC Bedrijfsrevisoren |
|
Owners and capital
Owners
1 ownerChain of control
- Plus Pack ASDK
- PLUS PACK
Highest known parent: Plus Pack AS (Denmark). The sources do not say who stands above it.
Owners 1
- Plus Pack ASDKconsolidating parentconsolidates
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- 11-01-2024 Capital stated in the deed · €5,418,500 · 21,858 shares
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
09-10
Gazette deed
Appointments: PwC Bedrijfsrevisoren BV (statutory auditor) and Katrijn Verhaegen BV (statutory auditor)Permanent representative: Katrijn Verhaegen · Reappointments: Anders Top Haustrup (director) and Camilla Haustrup Hermansen (director)6 facts ▸
- General meeting, 15-05-2026
- Auditor appointment, PwC Bedrijfsrevisoren BV (statutory auditor)
- Auditor appointment, Katrijn Verhaegen BV (statutory auditor)
- Permanent representative, Katrijn Verhaegen
- Director reappointment, Anders Top Haustrup (director)
- Director reappointment, Camilla Haustrup Hermansen (director)
31-07
Gazette deed
Reappointments: Anders Top Haustrup (director) and Camilla Haustrup Hermansen (director)3 facts ▸
- General meeting, 16-05-2025
- Director reappointment, Anders Top Haustrup (director)
- Director reappointment, Camilla Haustrup Hermansen (director)
19-07
Gazette deed
Reappointments: Anders Top Haustrup (director) and Camilla Haustrup Hermansen (director)Permanent representative: Katrijn Verhaegen4 facts ▸
- General meeting, 17-05-2024
- Director reappointment, Anders Top Haustrup (director)
- Director reappointment, Camilla Haustrup Hermansen (director)
- Permanent representative, Katrijn Verhaegen (vertegenwoordiger in de uitoefening van mandaat van commissaris)
11-01
Gazette deed
Amendment of the articles · MiscellaneousCapital · Power of attorney6 facts ▸
- General meeting, “buitengewone algemene vergadering” (deed in Dutch)
- Amendment of the articles (2 times)
- Capital, €5,418,500
- Power of attorney, Paul MASELIS
- Other provision, “geen”, website and email address (deed in Dutch)
- Power of attorney
03-08
Gazette deed
Reappointments: Anders Top Haustrup, Camilla Haustrup Hermansen and PwC Bedrijfsrevisoren7 facts ▸
- General meeting, 19-05-2023
- Director reappointment, Anders Top Haustrup (director)
- Director reappointment, Camilla Haustrup Hermansen (director)
- Auditor reappointment, PwC Bedrijfsrevisoren (statutory auditor)
- Board meeting, 19-05-2023
- Director reappointment, Anders Top Haustrup (afgevaardigd bestuurder)
- Director reappointment, Anders Top Haustrup (chair of the board)
Show earlier events
About the unread acts
Of the 24 Belgian Official Gazette deeds we know for this company, 5 have been read. The other 19 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Food safety, FASFC
1 siteEnvironmental permits
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 71305F1334/00W049 | Flanders | 3.3 ha | 1 · 838 m² | - |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- PLUS PACK
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, mag bij enkel besluit van het bestuursorgaan exploitatiezetels oprichten of opheffen wanneer en waar zij het nodig acht voor…” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Artikel 20. Vertegenwoordiging van de vennootschap 1. De raad van bestuur vertegenwoordigt, als college, de vennootschap in alle handelingen…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Raad van bestuur, minimum door wet voorgeschreven” (deed in Dutch)“Andersluidende beslissing algemene vergadering, niet bezoldigd” (deed in Dutch)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Aandelen van de vennootschap” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Friday of May at 15:00
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Benoeming vereffenaars, een of meer” (deed in Dutch)“Bevoegdheden vereffenaars, tenzij_AV_anders_besluit_bij_gewone_meerderheid” (deed in Dutch)“Wijze van vereffening, netto-actief_in_geld_of_effecten_onder_aandeelhouders_naar_verhouding_aantal_aandelen” (deed in Dutch)