PROPACK
ActiveSummary
The computed 12-month bankruptcy probability of PROPACK is 4.7% (elevated). The 2025 annual accounts show negative equity (-€7,660) and a net result of -€2,857. Equity is shrinking by ~68.2% per year across the filed fiscal years. Its solvency ranks better than 12% of 39 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 3 accounts on average 1 day after the deadline; the sector median for financial year 2024 is 13 days before the deadline, and 34% of the sector filed late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, micro schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 17, Manufacture of paper and paper products, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 7,657 companies that looked in July 2024 the way this one looks now, 8.2% went bankrupt within 24 months and 84% are still going.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 4.7% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 7,657 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 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Other operating charges640/8 | - | €118 | €120 | ▲ 1.7% |
| Gross operating margin9900 | -€4,083 | -€3,505 | -€2,694 | ▲ 23.1% |
| Operating profit (loss)9901 | -€4,083 | -€3,623 | -€2,814 | ▲ 22.3% |
| Financial charges65/66B | €30 | €67 | €43 | ▼ 35.5% |
| Recurring financial charges65 | €30 | €67 | €43 | ▼ 35.5% |
| Profit (loss) for the period before taxes9903 | -€4,112 | -€3,690 | -€2,857 | ▲ 22.6% |
| Profit (loss) for the period9904 | -€4,112 | -€3,690 | -€2,857 | ▲ 22.6% |
| Profit (loss) for the period to be appropriated9905 | -€4,112 | -€3,690 | -€2,857 | ▲ 22.6% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €10,093 | €6,368 | €3,603 | ▼ 43.4% |
| Current assets29/58 | €10,093 | €6,368 | €3,603 | ▼ 43.4% |
| Amounts receivable within one year40/41 | €770 | €539 | €5 | ▼ 99.1% |
| Other amounts receivable41 | €770 | €539 | €5 | ▼ 99.1% |
| Cash at bank and in hand54/58 | €9,323 | €5,829 | €3,598 | ▼ 38.3% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €10,093 | €6,368 | €3,603 | ▼ 43.4% |
| Equity10/15 | -€1,112 | -€4,802 | -€7,660 | ▼ 59.5% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | -€4,112 | -€7,802 | -€10,660 | ▼ 36.6% |
| Amounts payable17/49 | €11,205 | €11,171 | €11,263 | ▲ 0.8% |
| Amounts payable within one year42/48 | €11,205 | €11,171 | €11,263 | ▲ 0.8% |
| Trade debts44 | - | €64 | €66 | ▲ 3.0% |
| Suppliers440/4 | - | €64 | €66 | ▲ 3.0% |
| Other amounts payable47/48 | €11,205 | €11,107 | €11,197 | ▲ 0.8% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,112 | -€3,690 | -€2,857 | ▲ 22.6% |
| Operating cash flow (approximation) | -€4,112 | -€3,690 | -€2,857 | ▲ 22.6% |
| Change in cash | - | -€3,494 | -€2,231 | ▲ 36.2% |
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
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11806F1447/00W003 | Flanders | 348 m² | 1 · 348 m² | 31.2 m · 8 fl. |
Linked by address, not proof of ownership
Similar companies · same sector and region
Identification & contact
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.