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SK packaging

Active
Private limited companyfounded 2004active for 21 yearsVijverwegel 60, 9090 Merelbeke-Melle, BelgiumKBO/BCE: BE 0870.311.615
Summary

The computed 12-month bankruptcy probability of SK packaging is 3.1% (moderate). The 2024 annual accounts show equity of €2.3m and a net result of €594,023. Equity is growing by about 35% per year across the filed financial years. Its solvency ranks better than 24% of 68 sector peers (NACE 17, financial year 2024). The company has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Manufacture of paper and paper products
NACE 17220Wholesale trade NACE 46493
#8 company by total assets in Merelbeke-Melle, Manufacturing sector2 sites
Size
€8.4mtotal assets 2024
Staff
8.1 FTE
Equity
€2.3m
Profit
€594,023
Turnover not published (abbreviated format)
Financial health
51 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
3.1%
Structure
Accounts 72 days overdue0 of 4 deeds read
Why 51raises riskFigures for financial year 2024 (filed 01-10-2025)Liquidity: current ratio 1.50, cash €298,2611 financial year not filed after the legal deadline; latest accounts 58 days late; 2 of the last 3 latelowers riskFounded in 2004Show the evidence

Checked score

Score 2024
51 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 57% of its sector peers (NACE 17, micro)
Financial strength · tick = 2023
Average
Solvency 52+7
equity 27.1% of total assets
Liquidity 39+4
short-term debt 35.4% · cash 3.5%
Profitability 78+4
return on assets 7.0%
Bankruptcy probability, 12 months
3.1% Moderate
0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (113 companies, NACE 17, micro)
Last 24 months 11-2024: 1.8% 12-2024: 1.8%● unchanged vs 11-2024 01-2025: 1.8%● unchanged vs 12-2024 02-2025: 1.8%● unchanged vs 01-2025 03-2025: 1.8%● unchanged vs 02-2025 04-2025: 1.8%● unchanged vs 03-2025 05-2025: 1.9%▲ +0.1 percentage points vs 04-2025 06-2025: 2.0%▲ +0.1 percentage points vs 05-2025 07-2025: 2.4%▲ +0.4 percentage points vs 06-2025 08-2025: 3.1%▲ +0.7 percentage points vs 07-2025 09-2025: 3.6%▲ +0.5 percentage points vs 08-2025 10-2025: 4.1%▲ +0.5 percentage points vs 09-2025highest value 11-2025: 1.0%▼ -3.1 percentage points vs 10-2025 12-2025: 1.0%● unchanged vs 11-2025 01-2026: 1.0%● unchanged vs 12-2025 02-2026: 1.0%● unchanged vs 01-2026 03-2026: 1.0%● unchanged vs 02-2026lowest value 04-2026: 1.0%● unchanged vs 03-2026 05-2026: 1.0%● unchanged vs 04-2026 06-2026: 1.2%▲ +0.2 percentage points vs 05-2026 07-2026: 1.3%▲ +0.1 percentage points vs 06-2026 08-2026: 2.2%▲ +0.9 percentage points vs 07-2026 09-2026: 2.5%▲ +0.3 percentage points vs 08-2026 10-2026: 3.1%▲ +0.6 percentage points vs 09-2026
Credit of up to €110,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.5, compared with 1.29 in 2023; short-term debt: 35.4% and cash: 3.5% of total assets), and 72.9% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 17, micro): better than 33% on solvency, 40% on liquidity, 65% on profitability and 90% on growth.

The bankruptcy probability was computed on 10-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
raises risk · Figures for financial year 2024 (filed 01-10-2025)
NBB · annual accounts
raises risk · Liquidity: current ratio 1.50, cash €298,261
NBB · annual accounts
lowers risk · Founded in 2004
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
raises risk · 1 financial year not filed after the legal deadline; latest accounts 58 days late; 2 of the last 3 late
NBB · filings
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 68 sector peers (2024).
NBB · sector comparison
Position among 68 sector peers
Solvency
better than 24%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-09-2025, 58 days later. For context: 47% of Belgian companies file late, and of those that file 1 to 90 days late, 2.0% are now in a legal situation other than normal in the KBO (such as bankruptcy, liquidation or dissolution), against 1.66% of all filers. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
58 days late
2023
68 days late
2022
29 days late
2021
116 days late
2020
61 days late
2019
108 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 73 days after the deadline; the sector median (NACE 17) for financial year 2024 is 13 days before the deadline, and 35% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2024 · abbreviated…
  2. Highest result from 2018 to 2024net €594,023 ▲67.4%
  3. Equity above €2mequity €2.3m ▲35.1%

Key points

  • Caution: Accounts not fileddeadline was 31-07-2026 72 days late View
  • Positive: Result rose in 2024from €354,801 to €594,023 ▲ 67.4% View
  • Positive: Among the best 15% on net resultsector median €56,444 · 68 companies €594,023 View
  • Positive: 7 profitable years in a rowprofit 2024: €594,023 7 years View

By topic

Financials

Financial year
2024
Total assets
€8.4m
Profit
€594,023
Solvency
27.1%
Total assets▼ 0.3%
Net result
20182024
Go to Financials

Timeline

Events
24
Since
2006
  1. 07-10-2024Annual accounts filed
  2. 29-08-2023Annual accounts filed
  3. 24-11-2022Annual accounts filed
Go to Timeline

Company details

Sites
2
Legal form
Private limited company
Activity
Manufacture of paper and paper productsNACE 17220
Founded
26-11-2004
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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