Shape Packaging
ActiveSummary
The computed 12-month bankruptcy probability of Shape Packaging is 2.8% (moderate). The 2025 annual accounts show negative equity (€-25k) and a net result of €-49k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 11389 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0▼-96
Growth32=
Track record100
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.83 against 3.42 in 2024; short-term debt: 119.9% and cash: 37.7% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-92.7%
Return on assets
-182.7%
Age of the figures
9 mo
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
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year €-25k
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 6 filingsDeviation from the deadline
2025
26 d late
2024
58 d early
2023
22 d early
2022
12 d early
2021
33 d early
2020
2 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-25k
2024 · €24k
2020: €83k
2021: €112k▲ +34.6% vs 2020
2022: €154k▲ +37.2% vs 2021highest in 6 years
2023: €151k▼ -2.1% vs 2022
2024: €24k▼ -83.9% vs 2023
2025: €-25k▼ -203% vs 2024lowest in 6 years
2020 → 2025
Total assets
€27k▼ 21.1%
2024 · €34k
2020: €179k
2021: €271k▲ +51.4% vs 2020
2022: €283k▲ +4.2% vs 2021highest in 6 years
2023: €158k▼ -44.1% vs 2022
2024: €34k▼ -78.3% vs 2023
2025: €27k▼ -21.1% vs 2024lowest in 6 years
2020 → 2025
Net result
€-49k▲ 35.6%
2024 · €-77k
2020: €40k
2021: €29k▼ -28.6% vs 2020
2022: €42k▲ +44.6% vs 2021highest in 6 years
2023: €-3k▼ -108% vs 2022
2024: €-77k▼ -2275% vs 2023lowest in 6 years
2025: €-49k▲ +35.6% vs 2024
2020 → 2025
Working capital
€-5k
2024 · €24k
2020: €75k
2021: €107k▲ +44.0% vs 2020
2022: €152k▲ +41.2% vs 2021highest in 6 years
2023: €150k▼ -1.1% vs 2022
2024: €24k▼ -83.9% vs 2023
2025: €-5k▼ -122% vs 2024lowest in 6 years
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€112k-€154k▲ 37.2%€151k▼ 2.1%€24k▼ 83.9%€-25k
2021: €112k
2022: €154k▲ +37.2% vs 2021highest in 5 years
2023: €151k▼ -2.1% vs 2022
2024: €24k▼ -83.9% vs 2023
2025: €-25k▼ -203% vs 2024lowest in 5 years
Operating result€30k-€53k▲ 74.0%€-2k€-76k▼ 3,039%€-42k▲ 44.9%
2021: €30k
2022: €53k▲ +74.0% vs 2021highest in 5 years
2023: €-2k▼ -105% vs 2022
2024: €-76k▼ -3039% vs 2023lowest in 5 years
2025: €-42k▲ +44.9% vs 2024
Net result€29k-€42k▲ 44.6%€-3k€-77k▼ 2,275%€-49k▲ 35.6%
2021: €29k
2022: €42k▲ +44.6% vs 2021highest in 5 years
2023: €-3k▼ -108% vs 2022
2024: €-77k▼ -2275% vs 2023lowest in 5 years
2025: €-49k▲ +35.6% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €42k in 2025 against €76k in 2024; the loss shrinks.
Key figures and ratios
EBITDA
€-42k▲
2024 · €-75k
Cash flow
€-49k▲
2024 · €-76k
Solvency
-92.7%▼
2024 · 71.0%
Current ratio
0.83▼
2024 · 3.42
Debt to equity
-2.08▼
2024 · 0.41
ROA
-182.7%▲
2024 · -224.0%
Interest coverage
-17.98▲
2024 · -86.56
Debt
€52k▲
2024 · €10k
Debt ≤ 1 year
€32k▲
2024 · €10k
Debt > 1 year
€15k
Income taxes
€5k▲
2024 · €441
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€34k€27k▼
Fixed assets21/28€197-
Intangible fixed assets21€197-
Current assets29/58€34k€27k▼
Amounts receivable within one year40/41€6k€11k▲
Trade receivables40€3k€11k▲
Other amounts receivable41€3k-
Cash at bank and in hand54/58€22k€10k▼
Deferred charges and accrued income490/1€6k€5k▼
Equity and liabilities
Total equity and liabilities10/49€34k€27k▼
Equity10/15€24k€-25k▼
Contributions10/11€43k€43k=
Reserves13€8k€8k=
Distributable reserves133€8k€8k=
Profit (loss) carried forward14€-26k€-76k▼
Amounts payable17/49€10k€52k▲
Amounts payable after more than one year17-€15k
Financial debts170/4-€15k
Amounts payable within one year42/48€10k€32k▲
Current portion of amounts payable after more than one year42-€6k
Financial debts43€40-
Credit institutions430/8€40-
Trade debts44€978€18k▲
Suppliers440/4€978€18k▲
Taxes, remuneration and social security45€9k€3k▼
Taxes450/3€6k€3k▼
Remuneration and social security454/9€3k-
Other amounts payable47/48-€6k
Accrued charges and deferred income492/3-€5k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€869€197▼
Other operating charges640/8€1k€1k▼
Gross operating margin9900€-74k€-41k▲
Operating profit (loss)9901€-76k€-42k▲
Financial income75/76B€867-
Recurring financial income75€867-
Financial charges65/66B€870€2k▲
Recurring financial charges65€870€2k▲
Profit (loss) for the period before taxes9903€-76k€-44k▲
Income taxes67/77€441€5k▲
Profit (loss) for the period9904€-77k€-49k▲
Profit (loss) for the period to be appropriated9905€-77k€-49k▲
Appropriation of the result
Profit (loss) to be appropriated9906€24k€-76k▼
Profit (loss) brought forward from the previous period14P€100k€-26k▼
Profit to be distributed694/7€50k-
Return on contributions (dividend)694€50k-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €2k | €2k | €869 | €197 | ▼ 77.3% |
| Other operating charges640/8 | €1k | €773 | €1k | €1k | €1k | ▼ 24.9% |
| Gross operating margin9900 | €37k | €56k | €177 | €-74k | €-41k | ▲ 44.9% |
| Operating profit (loss)9901 | €30k | €53k | €-2k | €-76k | €-42k | ▲ 44.9% |
| Financial income75/76B | €10k | €6k | €3k | €867 | - | - |
| Recurring financial income75 | €10k | €6k | €3k | €867 | - | - |
| Financial charges65/66B | €3k | €5k | €4k | €870 | €2k | ▲ 167% |
| Recurring financial charges65 | €3k | €5k | €4k | €870 | €2k | ▲ 167% |
| Profit (loss) for the period before taxes9903 | €37k | €54k | €-3k | €-76k | €-44k | ▲ 41.8% |
| Income taxes67/77 | €8k | €12k | €460 | €441 | €5k | ▲ 1,034% |
| Profit (loss) for the period9904 | €29k | €42k | €-3k | €-77k | €-49k | ▲ 35.6% |
| Profit (loss) for the period to be appropriated9905 | €29k | €42k | €-3k | €-77k | €-49k | ▲ 35.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €271k | €283k | €158k | €34k | €27k | ▼ 21.1% |
| Fixed assets21/28 | €5k | €3k | €1k | €197 | - | - |
| Intangible fixed assets21 | €3k | €2k | €997 | €197 | - | - |
| Tangible fixed assets22/27 | €2k | €783 | €69 | - | - | - |
| Plant, machinery and equipment23 | €2k | €783 | €69 | - | - | - |
| Current assets29/58 | €266k | €280k | €157k | €34k | €27k | ▼ 20.6% |
| Stocks and contracts in progress3 | €125k | €53k | €0 | - | - | - |
| Stocks30/36 | €125k | €53k | €0 | - | - | - |
| Amounts receivable within one year40/41 | €135k | €86k | €59k | €6k | €11k | ▲ 92.6% |
| Trade receivables40 | €87k | €35k | €1k | €3k | €11k | ▲ 261% |
| Other amounts receivable41 | €48k | €51k | €58k | €3k | - | - |
| Cash at bank and in hand54/58 | €130 | €139k | €96k | €22k | €10k | ▼ 53.3% |
| Deferred charges and accrued income490/1 | €6k | €1k | €2k | €6k | €5k | ▼ 13.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €271k | €283k | €158k | €34k | €27k | ▼ 21.1% |
| Equity10/15 | €112k | €154k | €151k | €24k | €-25k | ▼ 203% |
| Contributions10/11 | €43k | €43k | €43k | €43k | €43k | = |
| Reserves13 | €8k | €8k | €8k | €8k | €8k | = |
| Distributable reserves133 | €8k | €8k | €8k | €8k | €8k | = |
| Profit (loss) carried forward14 | €62k | €104k | €100k | €-26k | €-76k | ▼ 188% |
| Amounts payable17/49 | €159k | €128k | €7k | €10k | €52k | ▲ 424% |
| Amounts payable after more than one year17 | - | - | - | - | €15k | - |
| Financial debts170/4 | - | - | - | - | €15k | - |
| Amounts payable within one year42/48 | €159k | €128k | €7k | €10k | €32k | ▲ 226% |
| Current portion of amounts payable after more than one year42 | €13k | €100k | - | - | €6k | - |
| Financial debts43 | €73k | - | - | €40 | - | - |
| Credit institutions430/8 | €73k | - | - | €40 | - | - |
| Trade debts44 | €35k | €15k | €2k | €978 | €18k | ▲ 1,755% |
| Suppliers440/4 | €35k | €15k | €2k | €978 | €18k | ▲ 1,755% |
| Taxes, remuneration and social security45 | €38k | €14k | €5k | €9k | €3k | ▼ 69.6% |
| Taxes450/3 | €35k | €11k | €3k | €6k | €3k | ▼ 56.7% |
| Remuneration and social security454/9 | €3k | €3k | €3k | €3k | - | - |
| Other amounts payable47/48 | - | - | - | - | €6k | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €5k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29k | €42k | €-3k | €-77k | €-49k | ▲ 35.6% |
| + Depreciation and write-downs630 | €5k | €2k | €2k | €869 | €197 | ▼ 77.3% |
| Operating cash flow (approximation) | €34k | €44k | €-2k | €-76k | €-49k | ▲ 35.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - | - |
| Change in cash | - | €139k | €-43k | €-74k | €-12k | ▲ 84.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-77k
Net result drops to €-77k, the lowest in the series; recovery starts the following year.
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity times 10current ratio 22.42
Current ratio from 2.18 to 22.42; short-term debt falls from €128k to €7k.
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2020net €42k ▲44.6%
Operating result €53k, net result €42k, both a record.
31-12
Financial
Equity above €150kEq €154k ▲37.2%
3 profitable years in a row build equity to €154k.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100kEq €112k ▲34.6%
2 profitable years in a row build equity to €112k.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
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.
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Directors · office · real estate
Directors
1 act for this company is 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, Beerse · 1 establishment unit since 2019
Ground area
57 m²
Building footprint
57 m²
Volume, LiDAR
529 m³
Parcel 13004A0369/00Y005, Flanders · tallest building 11.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Shape Packaging
since 20192.297.034.333
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13004A0369/00Y005 | Flanders | 57 m² | 1 · 57 m² | 11.3 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.
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Of 1,744 companies in sector 46150 we hold annual accounts for 759. 501 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
Founded20-12-2019
Fiscal year end31-12
Activities, NACEBEL 2025
46150Agents in the wholesale of furniture, household goods and hardware
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.