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Shape Packaging

Active Private limited companyfounded 2019active for 6 yearsMolenstraat 6, 2340 BeerseKBO/BCE: BE 0739.904.518

Overview

Lifetime

6 annual accounts with figures on one time axis
peak €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
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 accounts

Equity

-€25,035
202020212022202320242025

Debts exceed assets in financial year 2025.

Losses

-€129,161 in three years
-3,2262023-76,6232024-49,3132025

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
AprilJune31 JulyOctober202020222024

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 strength
Weak

0-96equity -92.7% of total assets
47-41short-term debt 119.9% · cash 37.7%
0=return on assets -182.7%

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
  • Micro
  • 5 to 10 years old
  • negative equity
  • a loss of 10% of the balance sheet or more

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.

The companies in ten equal groups, from the lowest to the highest expected share
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.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €26,998
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Negative equity -€25,035
NBB · annual accounts
raises risk · Loss of €49,313, the second in a row (financial year 2025)
NBB · annual accounts
lowers risk · Liquidity: current ratio 0.83, cash €10,179, halved
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity 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 filings
Deviation 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 months
Where today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

  • Gijselings, Martin Jozef Maria founderdeed of 24-12-2019
  • De Backker, Lieve founderdeed of 24-12-2019
Board & ownership

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
All 14 events

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
Company details

Annual accounts 2025

-€40,749▲ 44.9%
€49,313▼ 35.6%
-€25,035
€26,998▼ 21.1%
Filing
Filed on 26-08-2026
Financials

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.

Financials

Annual accounts 2025

micro format, filed on 26-08-2026, 26 days late
-€40,749
▲ €33,172
-€41,989
▲ €34,191
-€49,313
▲ €27,310
-€5,372
▼ €29,452
-92.7%
▼ 163.7 percentage points
0.83
▼ 2.59

Turnover and EBIT margin are not published. The micro format does not require them.

Balance sheet

balance sheet total €26,998 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

-92.7%

Higher than 9% of 13,807 companies in 2025.

0.83

Higher than 22% of 13,189 companies in 2025.

-182.7%

Lower than 95% of 13,367 companies in 2025.

Shape Packaging Middle half of the sector 80% of the sector Micro accounts in wholesale trade (NACE 46)

Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202520242023202220212020
Balance sheet: assets
20/58 26,99834,213157,897282,608271,315179,245
21/28 -1971,0662,5805,0358,924
21 -1979971,7972,5973,397
22/27 --697832,4375,527
23 --697832,4375,527
29/58 26,99834,016156,830280,028266,280170,321
3 --052,979125,29056,693
30/36 --052,979125,29056,693
40/41 11,4325,93759,02886,174134,752112,421
40 11,4323,1691,22035,23586,59068,343
41 -2,76857,80950,93948,16344,078
54/58 10,17921,81996,231139,458130130
490/1 5,3876,2591,5721,4166,1091,077
Balance sheet: equity and liabilities
10/49 26,99834,213157,897282,608271,315179,245
10/15 -25,03524,278150,900154,126112,34083,445
10/11 43,00043,00043,00043,00043,00043,000
11 -----43,000
1109/19 -----43,000
13 7,5007,5007,5007,5007,5007,500
133 7,5007,5007,5007,5007,5007,500
14 -75,535-26,222100,400103,62661,84032,945
17/49 52,0339,9356,996128,482158,97595,800
17 14,663-----
170/4 14,663-----
42/48 32,3709,9356,996128,482158,97595,800
42 6,015--100,00013,12513,750
43 -40--73,34436,720
430/8 -40--73,34436,720
44 18,1389781,61814,64234,82820,296
440/4 18,1389781,61814,64234,82820,296
45 2,7138,9185,37813,84037,67825,033
450/3 2,7136,2682,72811,34035,17822,533
454/9 -2,6502,6502,5002,5002,500
47/48 5,503-----
492/3 5,000-----
Income statement
9900 -40,749-73,92117755,73336,56254,647
630 1978691,5142,4555,0043,305
640/8 1,0431,3891,0907731,3792,607
9901 -41,989-76,179-2,42752,50530,18048,734
75/76B -8673,3435,8429,6506,405
75 -8673,3435,8429,6506,405
65/66B 2,3248703,6824,8023,0962,108
65 2,3248703,6824,8023,0962,108
9903 -44,313-76,182-2,76653,54536,73453,031
67/77 5,00044146011,7587,83912,586
9904 -49,313-76,623-3,22641,78628,89540,445
9905 -49,313-76,623-3,22641,78628,89540,445
Appropriation of the result
9906 -75,53523,778100,400103,62661,84040,445
14P -26,222100,400103,62661,84032,945-
691/2 -----7,500
6921 -----7,500
694/7 -50,000----
694 -50,000----
Document PDFPDFPDFPDFPDFPDF

The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 26-08-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 26 days after the deadline. Filed on 26 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00475835.

Financial year Type Filed Reference Document
31-12-2025 micro format 26-08-2026 2026-00475835 PDF
31-12-2024 micro format 03-06-2025 2025-00125392 PDF
31-12-2023 micro format 09-07-2024 2024-00235519 PDF
31-12-2022 micro format 19-07-2023 2023-00257588 PDF
31-12-2021 micro format 28-06-2022 2022-20142682 PDF
31-12-2020 micro format 29-07-2021 2021-44200262 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023202220212020
-41,791-75,310-91354,96035,18352,039
-49,115-75,754-1,71244,24133,89843,750
00001,11412,229
-11,640-74,411-43,228139,3280-
-5,37224,080149,834151,546107,30574,521
-92.7%71.0%95.6%54.5%41.4%46.6%
0.833.4222.422.181.671.78
0.833.4222.421.770.891.19
-0.410.050.831.421.15
--315.6%-2.1%27.1%25.7%48.5%
-182.7%-224.0%-2.0%14.8%10.6%22.6%
-17.98-86.56-0.2511.4411.36-

Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets----€1,114
€197€869€1,514€2,455€5,004

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on Shape Packaging

The operating result for 2025 is a loss of €41,989, smaller than the loss of €76,179 in 2024.

Equity is negative. Debt (€52,033) exceeds the balance-sheet total (€26,998).

Board & ownership

Board

1 director, since incorporation
Director (not named in the articles)
appointed by deed of 24-12-2019 term without a fixed end
listed in the 2025 annual accounts, filed on 26-08-2026

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
Gijselings, Martin Jozef Maria
Director (not named in the articles)
Board
Mandates as a list
  • Gijselings, Martin Jozef Maria
    • Director (not named in the articles), appointed by deed of 24-12-2019, still in office

See the board, name and registered office on a given date →

Control

Founders
This company
Shape Packaging
Equity -€25,035
Loss €49,313 in 2025

Capital

Contribution
€43,000
Source
deed of 24-12-2019

Articles of association

deed of 24-12-2019 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
At least 1 director
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
21 June at 20:00

Founders

At incorporation deed of 24-12-2019 ↗

Network & group

No group

Shape Packaging has no parent and no holdings in its annual accounts. Gijselings, Martin Jozef Maria is the only director. Shape Packaging shares no director with another company.

Timeline

Timeline

14 events since 2019

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBmicro format · 26 days late
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0739904518
Annual accounts 2024 filed PDFmicro format · 58 days before the deadline
2024
Weakest financial year net -€76,623 The net result drops to -€76,623, the lowest from 2020 to 2025. It recovers the following year.
Annual accounts 2023 filed PDFmicro format · 22 days before the deadline
2023
Liquidity more than 10 times current ratio 22.42 The current ratio rises from 2.18 to 22.42. Short-term debt falls from €128,482 to €6,996.
Annual accounts 2022 filed PDFmicro format · 12 days before the deadline
2022
Highest result from 2020 to 2025 net €41,786 ▲44.6% The operating result of €52,505 and the net result of €41,786 are both a record.
Equity above €150,000 equity €154,126 ▲37.2% With a profit in every financial year since 2020, equity grows to €154,126.
Annual accounts 2021 filed PDFmicro format · 33 days before the deadline
2021
Equity above €100,000 equity €112,340 ▲34.6% With a profit in every financial year since 2020, equity grows to €112,340.
Annual accounts 2020 filed PDFmicro format · 2 days before the deadline
2019
IncorporationFounding capital of €43,000 · Founders: Gijselings, Martin Jozef Maria; De Backker, Lieve · Appointment: Gijselings, Martin Jozef Maria (director) · published on 24-12-20195 points ▸

Open the deed in the Belgian Official Gazette

First establishment Molenstraat 6, Beerse

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 20 December 2019, Shape Packaging was incorporated as a private limited company by two natural persons, with a starting capital of €43,000.12 Gijselings, Martin Jozef Maria is director of the company, appointed by deed of 24-12-2019.2 Total assets went from €179,245 in 2020 to €26,998 in 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 24-12-2019
  3. 3National Bank, annual accounts 2020 and 2025

Company details

Identity

Enterprise number
0739.904.518
VAT number
BE 0739.904.518
Peppol ID
0208:0739904518
Other Peppol ID
9925:BE0739904518
Legal form
Private limited company
Status
Active, normal situation
Founded
20-12-2019
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
21 June at 20:00
deed of 24-12-2019 (in Dutch)
Peppol
Reachable since 20-11-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
Shape Packaging in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 24-12-2019 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 24-12-2019 (in Dutch)

Activities

NACEBEL 2025
Codes under NACEBEL 2008
46150 Wholesale trade main activity
82990 Other business support services
PurposeThe purpose describes the activities the company may carry out under its articles.
“Handelsbemiddeling gespecialiseerd in andere goederen; Handelsbemiddeling in meubelen, huishoudelijke artikelen en ijzerwaren; Activiteiten…”
10 activities
  1. Handelsbemiddeling gespecialiseerd in andere goederen
  2. Handelsbemiddeling in meubelen, huishoudelijke artikelen en ijzerwaren
  3. Activiteiten van fotografen, met uitzondering van persfotografen
  4. Overige fotografische activiteiten
  5. Overige zakelijke dienstverlening
  6. Aankoop, verkoop, import, export, kleinhandel, groothandel en detailhandel in karton, papier en aanverwanten
  7. Aankoop, verkoop, import, export, ontwerp, reparatie, kleinhandel, groothandel en detailhandel in drones
  8. Opleiding geven inzake drones
  9. Het organiseren van opleidingen en evenementen
  10. Opleidingen geven
deed of 24-12-2019 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Molenstraat 6 registered office 2340 Beerse 20-12-2019 2.297.034.333

Buildings and parcels at the address

Ground area
57 m²
Buildings
57 m²
Volume, LiDAR
529 m³
Tallest building
11.3 m
Buildings to scale, each on its own parcel
57 m², 11.3 m 57 m², 11.3 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
13004A0369/00Y00557 m² 1 · 57 m² 11.3 m · 3