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T-PACK

Active
Private limited companyfounded 200521 yrs activeMarcel Windelsstraat 71, 8790 Waregem, BelgiumKBO/BCE: BE 0875.661.461

T-PACK has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €320k and a net result of €88k. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 86% of 338 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Checked score

Score 2025
100 / 100
Excellent▲ +42 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+15
Solvency100▲+33
Growth78▲+46
Stability100
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 2.04 against 0.79 in 2024), and 20.4% of the assets are financed with debt.
Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.
lowers risk+raises riskneutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
elevated failure risk from 2 to 8 years 21 years 0 30 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
79.6%
Return on assets
22%
Age of the figures
8 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
Sector 46
higher
← fewer bankruptcies more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
14 d early
2024
7 d early
2023
43 d early
2022
14 d early
2021
25 d late
2020
9 d early
2019
9 d early
← before the deadline after the deadline →
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 months
Position in the running window
05-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2025, abbreviated schema

Equity
€320k▲ 38.2%
2024 · €231k
2022: €304k 2023: €327k 2024: €231k
2022 → 2025
Total assets
€401k▼ 14.8%
2024 · €471k
2022: €440k 2023: €437k 2024: €471k
2022 → 2025
Net result
€88k▲ 124%
2024 · €39k
2022: €66k 2023: €53k 2024: €39k
2022 → 2025
Working capital
€56k
2024 · €-41k
2022: €42k 2023: €54k 2024: €-41k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line2022202320242025Trend
Equity€304k-€327k▲ 7.6%€231k▼ 29.2%€320k▲ 38.2%
Operating result€82k-€74k▼ 9.5%€56k▼ 24.9%€44k▼ 21.4%
Net result€66k-€53k▼ 19.7%€39k▼ 25.4%€88k▲ 124%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
€0€25k€50k€75k€100kOperating result 2022: €82k€82kNet result 2022: €66k€66kOperating result 2023: €74k€74kNet result 2023: €53k€53kOperating result 2024: €56k€56kNet result 2024: €39k€39kOperating result 2025: €44k€44kNet result 2025: €88k€88k2022202320242025
The operating result has fallen three years in a row; 2025 is 21% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €401k
Fixed assets €292k▼ 9.0%
Current assets €110k▼ 27.2%
Equity and liabilities €401k
Equity €320k▲ 38.2%
Debt €82k▼ 65.9%
The debt ratio falls from 50.9% to 20.4%: equity grows while debt is paid down.
Key figures and ratios
2025 value · change against 2024
EBITDA
€70k
2024 · €79k
Cash flow
€114k
2024 · €62k
Solvency
79.6%
2024 · 49.1%
Current ratio
2.04
2024 · 0.79
Quick ratio
2.04
2024 · 0.79
Debt / equity
0.26
2024 · 1.04
ROE
27.7%
2024 · 17.1%
ROA
22.0%
2024 · 8.4%
Interest coverage
15.98
2024 · 17.66
Debt
€82k
2024 · €240k
Debt ≤ 1 year
€54k
2024 · €191k
Debt > 1 year
€28k
2024 · €49k
Income taxes
€18k
2024 · €17k
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 · 2025 against 2024
Balance sheet Code20242025
Total assets 20/58€471k€401k
Fixed assets 21/28€320k€292k
Tangible fixed assets 22/27€120k€109k
Financial fixed assets 28€200k€183k
Current assets 29/58€151k€110k
Amounts receivable within one year 40/41€133k€65k
Cash & bank 54/58€10k€38k
Total equity & liabilities 10/49€471k€401k
Equity 10/15€231k€320k
Contributions / capital 10/11€12k€12k=
Reserves 13€219k€307k
Amounts payable 17/49€240k€82k
Amounts payable after one year 17€49k€28k
Amounts payable within one year 42/48€191k€54k
Trade debts payable within one year 44€7k€9k
Income statement Code20242025
Gross operating margin 9900€82k€72k
Operating result 9901€56k€44k
Financial income 75€5k€67k
Financial charges 65€4k€4k
Result before taxes 9903€57k€107k
Income taxes 67/77€17k€18k
Net result for the period 9904€39k€88k
Result to be appropriated 9905€39k€88k

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
17-07
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial Highest result since 2022net €88k ▲124%
Net result €88k, the highest in the series.
31-12
Financial Liquidity triplescurrent ratio 2.04
Current ratio from 0.79 to 2.04; short-term debt falls from €191k to €54k.
24-07
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial Weakest financial yearnet €39k ▼25.4%
Net result drops to €39k, the lowest in the series; recovery starts the following year.
18-06
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
19-02
State Gazette act Statutes amendment
De vennootschap heeft tot voorwerp in België en in het buitenland, uitsluitend in eigen naam en voor eigen rekening, een uitgebreide lijst van activiteiten te verrichten, waaronder het aanvaarden van … · Henry DECLERCK
2023
17-07
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
25-08
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema · 25 days late
2021
22-07
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
22-07
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
29-08
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
30-08
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
31-08
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 2 acts read
About the unread acts

Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Comparable companies · same sector, comparable size

Similar companies · same sector, comparable size

Of 6,183 companies in sector 46190 we hold annual accounts for 2,471. 1,696 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification
Legal formPrivate limited company
Founded23-08-2005
Fiscal year end31-12
Activities, NACEBEL
46190Agents in non-specialised wholesale trade
Sources
Crossroads Bank for EnterprisesBelgian Official Gazette · 1 actNational Bank · 20 filingsAddress and cadastre registers

Data from official sources, last processed on 15-08-2026. Scores and ratios are computed by Checked and are not a credit decision.