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QUALITY PACK

Active
Private limited companyfounded 199432 yrs activeRijmenamseweg 88, 2820 Bonheiden, BelgiumKBO/BCE: BE 0451.839.856

QUALITY PACK has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €215k and a net result of €23k. Equity is growing by ~17.7% per year across the filed fiscal years. Its solvency ranks better than 75% of 15868 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2024
85 / 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability78▲+47
Solvency96▼-1
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity ample (current ratio 3.45 against 3.47 in 2023; short-term debt: 28.6% and cash: 52.8% of total assets), and 28.6% of the assets are financed with debt.
Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.
lowers risk+raises riskneutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
elevated failure risk from 2 to 8 years 32 years 0 40 y
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-07-2025, 28 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
28 d early
2023
29 d early
2022
46 d early
2021
26 d early
2020
18 d late
2019
46 d early
← before the deadline after the deadline →
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity
€215k▲ 12.0%
2023 · €192k
2018: €53k 2019: €85k 2020: €135k 2021: €153k 2022: €194k 2023: €192k
2018 → 2024
Total assets
€302k▲ 12.9%
2023 · €267k
2018: €135k 2019: €195k 2020: €230k 2021: €246k 2022: €309k 2023: €267k
2018 → 2024
Net result
€23k
2023 · €-1k
2018: €117 2019: €32k 2020: €50k 2021: €19k 2022: €40k 2023: €-1k
2018 → 2024
Working capital
€211k▲ 14.2%
2023 · €185k
2018: €40k 2019: €74k 2020: €97k 2021: €122k 2022: €166k 2023: €185k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20202021202220232024Trend
Equity€135k-€153k▲ 13.9%€194k▲ 26.2%€192k▼ 0.6%€215k▲ 12.0%
Operating result€61k-€26k▼ 56.5%€67k▲ 153%€9k▼ 86.5%€37k▲ 308%
Net result€50k-€19k▼ 62.5%€40k▲ 115%€-1k€23k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
€-20k€0€20k€40k€60kOperating result 2020: €61k€61kNet result 2020: €50k€50kOperating result 2021: €26k€26kNet result 2021: €19k€19kOperating result 2022: €67k€67kNet result 2022: €40k€40kOperating result 2023: €9k€9kNet result 2023: €-1k€-1kOperating result 2024: €37k€37kNet result 2024: €23k€23k20202021202220232024
The operating result recovers in 2024; 2024 is 308% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €302k
Fixed assets €4k▼ 44.6%
Current assets €298k▲ 14.6%
Equity and liabilities €302k
Equity €215k▲ 12.0%
Debt €86k▲ 15.3%
The debt ratio rises from 28.0% to 28.6%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€40k
2023 · €17k
Cash flow
€26k
2023 · €7k
Solvency
71.4%
2023 · 72.0%
Current ratio
3.45
2023 · 3.47
Quick ratio
3.25
2023 · 3.23
Debt / equity
0.40
2023 · 0.39
ROE
10.7%
2023 · -0.6%
ROA
7.6%
2023 · -0.4%
Interest coverage
6.80
2023 · 1.53
Debt
€86k
2023 · €75k
Debt ≤ 1 year
€86k
2023 · €75k
Income taxes
€10k
2023 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet Code20232024
Assets
Total assets20/58€267k€302k
Fixed assets21/28€7k€4k
Tangible fixed assets22/27€7k€4k
Furniture and vehicles24€7k€4k
Other tangible fixed assets26€505€0
Current assets29/58€260k€298k
Stocks and contracts in progress3€18k€17k
Stocks30/36€18k€17k
Amounts receivable within one year40/41€105k€120k
Trade receivables40€64k€89k
Other amounts receivable41€41k€31k
Cash at bank and in hand54/58€132k€159k
Deferred charges and accrued income490/1€5k€2k
Equity and liabilities
Total equity and liabilities10/49€267k€302k
Equity10/15€192k€215k
Contributions10/11€19k€19k=
Reserves13€173k€196k
Tax-exempt reserves132€10k€10k=
Distributable reserves133€163k€186k
Profit (loss) carried forward14€644€647
Amounts payable17/49€75k€86k
Amounts payable within one year42/48€75k€86k
Financial debts43-€10k
Credit institutions430/8-€10k
Trade debts44€34k€31k
Suppliers440/4€34k€31k
Taxes, remuneration and social security45€41k€46k
Taxes450/3€41k€46k
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€3k
Other operating charges640/8€28k€2k
Non-recurring operating charges66A-€0
Gross operating margin9900€45k€42k
Operating profit (loss)9901€9k€37k
Financial income75/76B€3k€2k
Recurring financial income75€3k€2k
Financial charges65/66B€11k€6k
Recurring financial charges65€11k€6k
Profit (loss) for the period before taxes9903€525€33k
Income taxes67/77€2k€10k
Profit (loss) for the period9904€-1k€23k
Profit (loss) for the period to be appropriated9905€-1k€23k
Appropriation of the result
Profit (loss) to be appropriated9906€644€24k
Profit (loss) brought forward from the previous period14P€2k€644
Transfer to equity691/2-€23k
To other reserves6921-€23k

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

2025
03-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Back to profitnet €23k
Net result €23k after one loss-making year.
31-12
Financial Equity above €200kEq €215k ▲12%
Equity rises from €192k to €215k.
02-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Weakest financial yearnet €-1k ▼103%
Net result drops to €-1k, the lowest in the series; recovery starts the following year.
15-06
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
05-07
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial Equity above €150kEq €153k ▲13.9%
4 profitable years in a row build equity to €153k.
18-08
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema · 18 days late
2020
31-12
Financial Highest result since 2018net €50k ▲56.9%
Net result €50k, the highest in the series.
31-12
Financial Equity above €100kEq €135k ▲59.2%
3 profitable years in a row build equity to €135k.
15-06
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
03-06
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-08
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
28-09
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 59 days late
2016
25-10
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 86 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
2 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, Bonheiden · 2 establishment units since 1994
establishment approximate All 2 establishment units on the map
Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Rijmenamseweg 882820 Bonheiden
Ground area
2,946 m²
Building footprint
372 m²
Volume, LiDAR
940 m³
2 parcels, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Rijmenamseweg 88, 2820 Bonheiden
NACE 2121001
since 19942.065.543.437
Meiboomstraat 1, 2820 Bonheiden
Manufacture of paper and paper products
since 20192.289.498.324
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
12031B0627/00G000indicative Flanders 1,636 m² 1 · 172 m² -
12005C0174/00N002 Flanders 1,309 m² 1 · 200 m² 7.6 m · 2 fl.
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Recognitions · licences · registrations

Food safety, FASFC

1 site
Bonheiden2.065.543.437
1 permission
Groothandelaar verpakkingsmateriaal · since 07-09-2012

Similar companies · same sector, comparable size

Of 1,565 companies in sector 46900 we hold annual accounts for 920. 661 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification
Legal formPrivate limited company
Founded02-02-1994
Fiscal year end31-12
Activities, NACEBEL
46900Non-specialised wholesale trade
51900
28291Manufacture of machinery and equipment not elsewhere classified
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers

Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.