Equity
-€25,035
Debts exceed assets in financial year 2025.
Shape Packaging
Lifetime
6 annual accounts with figures on one time axispeak €55,733 (2022)
-€40,749▲ €33,172
lowest -€76,623 (2024)
-€49,313▲ €27,310
peak €154,126 (2022)
-€25,035▼ €49,313
€52,033▲ 424%
Board1 name since 2019
1 directorGijselings, Martin Jozef Maria
Documentsfilings and deeds
26-08-202626 days late
2025micro format
Gross margin from -€73,921 to -€40,749Loss of €49,313Equity from €24,278 to -€25,035Debts from €9,935 to €52,033Cash from €21,819 to €10,179
Key points
from the 2025 annual accountsLosses
-€129,161 in three years
Every financial year from 2023 to 2025 closed with a loss. 2024 was the heaviest.
Debts
€52,033 193% of the balance sheet
Financial debts 28%Suppliers 35%Taxes and wages 5%Other 32%
Of this, €32,370 falls due within a year.
Liquidity
0.83 was 3.42 in 2024
Short-term debts rose from €9,935 to €32,370.
Filings
6 annual accounts 1 late
The 2025 accounts came 26 days late. The other five were filed on time.
Position in the sector
-€49,313
Lower net result than 95% of companies in wholesale trade. Sector median €5,606 · 13,813 companies.
Turnover not published (micro format)
Checked score
53
Fair
Financially stronger than 15% of micro companies in wholesale trade (NACE 46)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
1.5% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025lowest value
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.4%▲ +0.3 percentage points vs 06-2025
08-2025: 0.4%● unchanged vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.4%● unchanged vs 06-2026
08-2026: 0.7%▲ +0.3 percentage points vs 07-2026
09-2026: 1.5%▲ +0.8 percentage points vs 08-2026highest value
10-2026: 1.5%● unchanged vs 09-2026highest value
11-2026: 1.5%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€25,035
Loss of €49,313, the second in a row (financial year 2025)
lowers risk
Size: total assets €26,998
Liquidity: current ratio 0.83, cash €10,179, halved
Calculation
The band follows from the bankruptcy probability. 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 46, micro). It does better than 6% of them on solvency, 46% on liquidity, 6% on profitability and 2% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,008 companies had the same profile as Shape Packaging has now. Each dot stands for 16 companies, two years later.
83.0%
were still trading
8.4%
stopped another way
7.9%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Shape Packaging itself is lower: 1.5% within 12 months. It rests on far more data about Shape Packaging than the profile alone.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,008 companies, not a prediction for Shape Packaging. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.83 (3.42 in 2024), below 1. Short-term debt is 119.9% and cash 37.7% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
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 -€25,035
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: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 6 filingsDeviation from the deadline
2025
26 days late
2024
58 days early
2023
22 days early
2022
12 days early
2021
33 days early
2020
2 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 17 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 10 July (4 of the last 5 accounts filed within 37 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Gijselings, Martin Jozef Maria founderdeed of 24-12-2019
- De Backker, Lieve founderdeed of 24-12-2019
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0739904518
Incorporation
Founding capital of €43,000 · Founders: Gijselings, Martin Jozef Maria; De Backker, Lieve · Appointment: Gijselings, Martin Jozef Maria (director) · published on 24-12-2019 · Gazette deed
First establishment
Molenstraat 6, Beerse
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Shape Packaging Beerse | €26,998 | -€40,749 | -92.7% | - |
| ALL HOME IMPORT Asse | €22,218 | €1,057 | -10.5% | - |
| PSK INT Edegem | €17,151 | -€189 | 21.6% | - |
| Aspassia Tagliente Zaventem | €37,757 | -€11,511 | -402.7% | - |
| AZEA Yvoir | €25,008 | -€1,750 | 88.4% | - |
| TOWER MEDICAL Brussels | €22,469 | -€15,233 | 62.7% | - |
| Korneel Allaerts Keerbergen | €30,436 | -€1,735 | 0.9% | - |
These companies have the same main activity as Shape Packaging: agents in the wholesale of furniture, household goods and hardware (NACE 46150). They are comparable in size and age: total assets between €17,200 and €37,800, founded between 2017 and 2022.
Official details
Source: KBO- Status
- Active since 20-12-2019Normal situation
- Activity
- Agents in the wholesale of furniture, household goods and hardwareNACE 46150and 1 other
- Establishment unit
- 2.297.034.3332340 Beerse, since 20-12-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 20-11-2025
Insights on Shape Packaging
Shape Packaging files the micro format. That format states no turnover. The gross margin fell from €54,647 in 2020 to -€40,749 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Shape Packaging
- What is the company number of Shape Packaging?
- The company number of Shape Packaging is 0739.904.518. The VAT number is the same number with BE in front: BE 0739.904.518.
- Where is Shape Packaging based?
- The registered office is at Molenstraat 6, 2340 Beerse.Company details
- What does Shape Packaging do?
- According to the KBO register, the main activity is agents in the wholesale of furniture, household goods and hardware (NACE 46150).
- What is the legal form of Shape Packaging?
- Shape Packaging is a private limited company (BV).
- When was Shape Packaging founded?
- Shape Packaging was founded on 20-12-2019.
- Is Shape Packaging still active?
- Yes, Shape Packaging is an active enterprise in the KBO register.
- What is the turnover of Shape Packaging?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is Shape Packaging profitable?
- In financial year 2025, Shape Packaging made a loss of €49,313.
- Where can I find the annual accounts of Shape Packaging?
- Shape Packaging filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Shape Packaging due?
- Shape Packaging must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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