SMART PACKAGING SOLUTIONS
ActiveSMART PACKAGING SOLUTIONS has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €5.53M and a net result of €1.33M. Equity is growing by ~7.7% per year across the filed fiscal years. Its solvency ranks better than 24% of 79 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
68
/ 100
Healthy▲ +41 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability57▲+43
Solvency38▲+11
Growth68▲+1
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €380k at 30 days acceptable
Liquidity short (current ratio 0.97 against 0.98 in 2023), and 74.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 17
Relative position
BE, all sectors
reference
Sector 17
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
25.7%
Return on assets
6.2%
Age of the figures
20 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 79 sector peers (2024).
NBB · sector comparisonPosition among 79 sector peers
Solvency
better than 24%
← weakest
strongest →
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 16-06-2025, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
45 d early
2023
36 d early
2022
49 d early
2021
48 d early
2020
40 d early
2019
11 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€55.37M▲ 6.4%
2023 · €52.06M
2018: €42.62M
2019: €44.59M
2020: €40.27M
2021: €45.16M
2022: €59.26M
2023: €52.06M
2018 → 2024
EBIT margin
4.1%▲ 3.4pp
2023 · 0.7%
2018: 0.7%
2019: 0.8%
2020: 1.6%
2021: 1.8%
2022: 0.6%
2023: 0.7%
2018 → 2024
Net result
€1.33M
2023 · €-27k
2018: €-84k
2019: €-50k
2020: €256k
2021: €362k
2022: €266k
2023: €-27k
2018 → 2024
Working capital
€-176k▼ 32.0%
2023 · €-134k
2018: €-2.21M
2019: €-902k
2020: €-1.04M
2021: €175k
2022: €-189k
2023: €-134k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€40.27M-€45.16M▲ 12.2%€59.26M▲ 31.2%€52.06M▼ 12.2%€55.37M▲ 6.4%
Equity€3.60M-€3.96M▲ 9.9%€4.22M▲ 6.7%€4.19M▼ 0.6%€5.53M▲ 31.8%
Operating result€628k-€803k▲ 27.9%€366k▼ 54.4%€383k▲ 4.8%€2.27M▲ 492%
Net result€256k-€362k▲ 41.3%€266k▼ 26.4%€-27k€1.33M
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 492% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €21.49M
Fixed assets
€14.73M▲ 10.2%
Current assets
€6.76M▼ 0.2%
Equity and liabilities €21.49M
Equity
€5.53M▲ 31.8%
Provisions
€28k▼ 28.8%
Debt
€15.93M▲ 0.2%
The debt ratio falls from 79.0% to 74.1%: equity grows faster than debt.
Key figures and ratios
EBITDA
€3.77M▲
2023 · €1.71M
Cash flow
€2.83M▲
2023 · €1.30M
Solvency
25.7%▲
2023 · 20.8%
Current ratio
0.97▼
2023 · 0.98
Quick ratio
0.71▼
2023 · 0.74
Debt / equity
2.88▼
2023 · 3.79
ROE
24.1%▲
2023 · -0.6%
ROA
6.2%▲
2023 · -0.1%
Interest coverage
7.70▲
2023 · 3.66
Debt
€15.93M▲
2023 · €15.90M
Debt ≤ 1 year
€6.93M▲
2023 · €6.90M
Debt > 1 year
€9.00M=
2023 · €9.00M
Income taxes
€525k▲
2023 · €48k
Staff costs
€9.09M▲
2023 · €8.68M
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€20.14M€21.49M▲
Fixed assets21/28€13.37M€14.73M▲
Intangible fixed assets21€20k€145k▲
Tangible fixed assets22/27€13.35M€14.59M▲
Land and buildings22€4.70M€4.56M▼
Plant, machinery and equipment23€8.17M€8.77M▲
Furniture and vehicles24€87k€306k▲
Assets under construction and advance payments27€396k€953k▲
Financial fixed assets28€744€744=
Other financial fixed assets284/8€744€744=
Amounts receivable and cash guarantees285/8€744€744=
Current assets29/58€6.77M€6.76M▼
Stocks and contracts in progress3€1.68M€1.82M▲
Stocks30/36€1.68M€1.82M▲
Raw materials and consumables30/31€635k€528k▼
Work in progress32€1.04M€1.29M▲
Amounts receivable within one year40/41€5.06M€4.91M▼
Trade receivables40€4.99M€4.04M▼
Other amounts receivable41€78k€869k▲
Cash at bank and in hand54/58€298€298=
Deferred charges and accrued income490/1€26k€24k▼
Equity and liabilities
Total equity and liabilities10/49€20.14M€21.49M▲
Equity10/15€4.19M€5.53M▲
Contributions10/11€2.50M€2.50M=
Capital10€2.50M€2.50M=
Issued capital100€2.50M€2.50M=
Reserves13€109k€176k▲
Non-distributable reserves130/1€109k€176k▲
Legal reserve130€109k€176k▲
Profit (loss) carried forward14€1.59M€2.85M▲
Provisions and deferred taxes16€39k€28k▼
Provisions for liabilities and charges160/5€39k€28k▼
Pensions and similar obligations160€39k€28k▼
Amounts payable17/49€15.90M€15.93M▲
Amounts payable after more than one year17€9.00M€9.00M=
Financial debts170/4€9.00M€9.00M=
Other loans174€9.00M€9.00M=
Amounts payable within one year42/48€6.90M€6.93M▲
Trade debts44€4.09M€5.08M▲
Suppliers440/4€4.09M€5.08M▲
Taxes, remuneration and social security45€1.66M€1.85M▲
Taxes450/3€421k€512k▲
Remuneration and social security454/9€1.24M€1.34M▲
Other amounts payable47/48€1.15M-
Accrued charges and deferred income492/3€70-
Income statement
Code20232024
Operating income70/76A€53.10M€57.10M▲
Turnover70€52.06M€55.37M▲
Change in stocks of work in progress, finished goods and contracts in progress71€-208k€251k▲
Other operating income74€1.25M€1.49M▲
Operating charges60/66A€52.71M€54.83M▲
Goods for resale, raw materials and consumables60€38.01M€39.35M▲
Purchases600/8€37.73M€39.23M▲
Change in stocks: decrease (increase)609€281k€119k▼
Services and other goods61€4.64M€4.85M▲
Remuneration, social security and pensions62€8.68M€9.09M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.32M€1.49M▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€3k€-12k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€-12k€-11k▲
Other operating charges640/8€67k€70k▲
Operating profit (loss)9901€383k€2.27M▲
Financial income75/76B€110k€79k▼
Recurring financial income75€110k€71k▼
Other financial income752/9€110k€71k▼
Non-recurring financial income76B-€8k
Financial charges65/66B€472k€492k▲
Recurring financial charges65€472k€492k▲
Debt charges650€466k€489k▲
Other financial charges652/9€5k€3k▼
Non-recurring financial charges66B€136-
Profit (loss) for the period before taxes9903€21k€1.86M▲
Transfer from deferred taxes780€202-
Income taxes67/77€48k€525k▲
Taxes670/3€48k€530k▲
Tax adjustments and reversals of tax provisions77-€6k
Profit (loss) for the period9904€-27k€1.33M▲
Transfer from tax-exempt reserves789€393-
Profit (loss) for the period to be appropriated9905€-26k€1.33M▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.59M€2.92M▲
Profit (loss) brought forward from the previous period14P€1.61M€1.59M▼
Transfer to equity691/2-€67k
To the legal reserve6920-€67k
Social balance
Average headcount (FTE)9087119.8120.9▲
The notes to these accounts (58 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €1.33M
Net result €1.33M after one loss-making year.
31-12
Financial
Equity above €5MEq €5.53M ▲31.8%
Equity rises from €4.19M to €5.53M.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €256k
Net result €256k after 2 loss-making years.
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
16-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
23 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, Hoogstraten · 1 establishment unit since 1993
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.
Europastraat 282321 HoogstratenGround area
1.5 ha
Building footprint
9,816 m²
Volume, LiDAR
78,933 m³
Parcel 13020F0485/00C000, Flanders · tallest building 9.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Europastraat 28, 2321 Hoogstraten
since 19932.061.187.642
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13020F0485/00C000 | Flanders | 1.5 ha | 1 · 9,816 m² | 9.6 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 7 entries · 62,661 EUR awarded · 62,661 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 293 EUR | 293 EUR |
| 2024 | 2 | 19,091 EUR | 19,091 EUR |
| 2023 | 2 | 23,060 EUR | 23,060 EUR |
| 2022 | 2 | 20,217 EUR | 20,217 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Food safety, FASFC
1 siteHoogstraten2.061.187.642
Similar companies · same sector, comparable size
EURODIVIDERS
BE 0885.212.694
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BE 0444.521.997
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BASTIN & CO
BE 0439.371.693
Wetteren · Eq €6.28M
Smurfit Westrock Drogenbos
BE 0407.174.920
Drogenbos · Eq €6.31M
DELTRACON
BE 0435.427.654
Ingelmunster · Eq €4.73M
Of 189 companies in sector 17210 we hold annual accounts for 154. 95 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded05-02-1993
Fiscal year end31-12
Abbreviation NL
SPS
Activities, NACEBEL
17210Manufacture of paper and paper products
46493Wholesale trade
51475
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.