The Pack
ActiveSummary
The Pack has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.4m and a net result of €1,176. Equity has been growing by about 31% per year since 2018. Its solvency ranks better than 77% of 231 sector peers (NACE 59, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 18-03-2013 Normal situation
- Activity
- Post-production of films, video and television programmes NACE 59120and 3 others
- Joint committee
- 227 Paritair Comité voor de audiovisuele sector · annual accounts 2022
- Establishment unit
- 2.244.684.819 7000 Mons, since 18-03-2013
- Financial year end
- 31 December
- Peppol
- Reachable since 25-11-2025
Board and ownership
- THE HUB SADirector · since 26-07-2019 · permanent representative Jan Hameeuw
- CITIZEN CAIN SRLDirector · since 01-09-2019 · permanent representative Tom Hameeuw
- Peter De MaegdDirector · since 25-03-2021
- Auditor
- PKF Bofidi Audit
- Holdings
- Shares in 4 companies including The Pack Brussels and The Pack Wallonia
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €12,879
- ▲ 372%
- Turnover
- ≈ €42,000
- estimated
- Profit
- €1,176
- ▼ 0.3%
- Equity
- €1.4m
- ▲ 0.1%
- Total assets
- €2.0m
- ▼ 0.1%
Score breakdownraises riskLiquidity: current ratio 6.47, cash €15,654lowers riskSize: total assets €2.0mFigures for financial year 2025 (filed on 16-06-2026)Founded in 2013Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 59, small). It does better than 78% of them on solvency, 54% on liquidity, 23% on profitability and 40% on growth.
The bankruptcy probability was computed on 01-11-2026 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.
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).
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Signals
The company filed its last 7 accounts on average 41 days after the deadline. In the sector (NACE 59), the median for financial year 2024 was 2 days before the deadline, and 41% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, full format
Annual accounts 2025 filed on 16-06-2026 at the NBB all 12 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 0% higher than in 2024. It is a recovery after the fall in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Motion picture, video and television programme production, sound recording and music publishing activities (NACE 59). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
- 2022 Equity +1,936% on 2021. Capital increase of €1,300,000 (Official Gazette 14-12-2022).
Staff
| Item | 31-12-2021 | 31-12-2022 |
|---|---|---|
| Employees at the balance-sheet date | 1 | - |
| full-time | 1 | - |
| part-time | 0 | - |
| in full-time equivalents | 1 | - |
| Average over the year, in full-time equivalents | 0.8 | 0 |
| On a permanent contract | 1 | - |
| Joined | 0 | - |
| Left | 1 | - |
Source: social balance sheet in the 2021 to 2022 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Financial fixed assets | €650,000 | - | €0 | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as The Pack: post-production of films, video and television programmes (NACE 59120). They are comparable in size and age: total assets between €436,000 and €1.2m, founded between 2006 and 2019.
| Company | Founded | Total assets | Equity | Gross margin | Net result | Financial year |
|---|---|---|---|---|---|---|
| The Pack Mons | 2013 | €2.0m | €1.4m | €0.01m | €0.001m | 2025 |
| FGST Antwerpen | 2006 | €1.2m | €0.06m | €0.02m | -€0.006m | 2026 |
| Ostyn Gent | 2014 | €0.8m | -€0.1m | €0.04m | -€0.01m | 2025 |
| HET WILDE WESTEN Turnhout | 2006 | €0.6m | €0.4m | €0.01m | -€0.04m | 2025 |
| Eye-Do Holsbeek | 2011 | €0.5m | €0.1m | €0.01m | -€0.02m | 2025 |
| LEVEL 9 SFX Enghien | 2019 | €0.6m | €0.1m | €0.04m | -€0.06m | 2025 |
| ONR PRODUCTIONS Watermaal-Bosvoorde | 2009 | €0.4m | €0.2m | €0.02m | €0.008m | 2025 |
They were chosen from the 448 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €24,278 | €99 | €0 | - | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€3,499 | €0 | - | - | €9,800 | - |
| Other operating charges640/8 | - | - | - | €868 | €1,218 | €1,260 | €968 | €1,314 | ▲ 35.8% |
| Gross operating margin9900 | -€1,157 | €2,149 | €38,990 | €32,713 | €5,344 | €8,386 | €2,729 | €12,879 | ▲ 372% |
| Operating profit (loss)9901 | -€1,157 | €1,801 | €20,694 | €11,065 | €4,027 | €7,126 | €1,762 | €1,765 | ▲ 0.2% |
| Financial income75/76B | - | - | - | €0 | - | - | - | - | - |
| Recurring financial income75 | - | - | €553 | €0 | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €102 | €88 | €241 | €242 | €175 | ▼ 27.6% |
| Recurring financial charges65 | €145 | €188 | €16,171 | €102 | €88 | €241 | €242 | €175 | ▼ 27.6% |
| Profit (loss) for the period before taxes9903 | -€1,302 | €1,614 | €5,076 | €10,963 | €3,939 | €6,885 | €1,520 | €1,590 | ▲ 4.6% |
| Income taxes67/77 | €854 | €0 | - | - | €750 | €2,000 | €340 | €414 | ▲ 21.7% |
| Profit (loss) for the period9904 | -€2,157 | €1,614 | €5,076 | €10,963 | €3,189 | €4,885 | €1,180 | €1,176 | ▼ 0.3% |
| Profit (loss) for the period to be appropriated9905 | -€2,157 | €1,614 | €5,076 | €10,963 | €3,189 | €4,885 | €1,180 | €1,176 | ▼ 0.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.05m | €1.4m | €1.4m | €2.1m | €2.1m | €2.1m | €2.0m | €2.0m | ▼ 0.1% |
| Fixed assets21/28 | - | €1.3m | €1.3m | €2.0m | €2.0m | €2.0m | €2.0m | €2.0m | = |
| Financial fixed assets28 | - | €1.3m | €1.3m | €2.0m | €2.0m | €2.0m | €2.0m | €2.0m | = |
| Current assets29/58 | €0.05m | €0.009m | €0.07m | €0.07m | €0.06m | €0.05m | €0.05m | €0.05m | ▼ 3.7% |
| Amounts receivable within one year40/41 | €0.05m | €0.007m | €0.05m | €0.06m | €0.05m | €0.03m | €0.03m | €0.01m | ▼ 71.0% |
| Trade receivables40 | - | - | - | €0.06m | €0.05m | €0.03m | €0.02m | €0.01m | ▼ 60.8% |
| Other amounts receivable41 | - | - | - | €0.005m | €111 | €0.002m | €0.01m | €412 | ▼ 95.9% |
| Cash at bank and in hand54/58 | €0.002m | €0.002m | €0.01m | €0.005m | €0.006m | €0.009m | €0.004m | €0.02m | ▲ 302% |
| Deferred charges and accrued income490/1 | - | - | - | €0 | - | €0.01m | €0.009m | €0.02m | ▲ 121% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.05m | €1.4m | €1.4m | €2.1m | €2.1m | €2.1m | €2.0m | €2.0m | ▼ 0.1% |
| Equity10/15 | €0.05m | €0.05m | €0.06m | €0.07m | €1.4m | €1.4m | €1.4m | €1.4m | ▲ 0.1% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €1.4m | €1.4m | €1.4m | €1.4m | = |
| Capital10 | - | - | - | €0.06m | €1.4m | €1.4m | €1.4m | €1.4m | = |
| Issued capital100 | - | - | - | €0.06m | €1.4m | €1.4m | €1.4m | €1.4m | = |
| Reserves13 | €379 | €460 | €460 | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | ▲ 5.2% |
| Non-distributable reserves130/1 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | ▲ 5.2% |
| Legal reserve130 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | ▲ 5.2% |
| Profit (loss) carried forward14 | -€0.01m | -€0.01m | -€0.007m | €0.004m | €0.007m | €0.01m | €0.01m | €0.01m | ▲ 8.6% |
| Amounts payable17/49 | €0.003m | €1.3m | €1.4m | €2.0m | €0.7m | €0.7m | €0.7m | €0.7m | ▼ 0.4% |
| Amounts payable after more than one year17 | - | €1.3m | €1.3m | €1.9m | €0.6m | €0.6m | €0.6m | €0.6m | = |
| Financial debts170/4 | - | - | - | €1.9m | €0.6m | €0.6m | €0.6m | €0.6m | = |
| Amounts payable within one year42/48 | €0.003m | €0.03m | €0.07m | €0.06m | €0.02m | €0.02m | €0.01m | €0.007m | ▼ 29.4% |
| Trade debts44 | €0.003m | €0.001m | €0.02m | €0.04m | €0.02m | €0.01m | €0.01m | €0.007m | ▼ 30.8% |
| Suppliers440/4 | - | - | - | €0.04m | €0.02m | €0.01m | €0.01m | €0.007m | ▼ 30.8% |
| Taxes, remuneration and social security45 | - | - | - | €0.004m | €0.005m | €0.003m | €450 | €450 | = |
| Taxes450/3 | - | - | - | €0.004m | €0.005m | €0.003m | €450 | €450 | = |
| Remuneration and social security454/9 | - | - | - | €0 | - | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €0.01m | €0 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,157 | €1,614 | €5,076 | €10,963 | €3,189 | €4,885 | €1,180 | €1,176 | ▼ 0.3% |
| Operating cash flow (approximation) | -€2,157 | €1,614 | €5,076 | €10,963 | €3,189 | €4,885 | €1,180 | €1,176 | ▼ 0.3% |
| Investment in fixed assets (approximation) | - | - | €0 | -€650,000 | €0 | €0 | €0 | €1 | - |
| Change in cash | - | €787 | €9,498 | -€7,228 | €1,279 | €3,179 | -€5,170 | €11,763 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 12 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 16-06-2026 | 2026-00164799 | NBB |
| 31-12-2024 | full format | 03-07-2025 | 2025-00223924 | |
| 31-12-2023 | full format | 31-07-2024 | 2024-00319166 | |
| 31-12-2022 | full format | 05-12-2023 | 2023-00523496 | |
| 31-12-2021 | full format | 26-07-2022 | 2022-20231549 | |
| 31-12-2020 | full format | 05-01-2022 | 2022-00400366 | |
| 31-12-2019 | abbreviated format | 22-10-2020 | 2020-62600521 | |
| 31-12-2018 | abbreviated format | 29-07-2019 | 2019-40900101 | |
| 31-12-2017 | abbreviated format | 31-08-2018 | 2018-60400370 | |
| 31-12-2016 | abbreviated format | 25-07-2017 | 2017-35500336 |
Board & ownership
Directors
Board 3
Permanent representatives 2
Statutory auditor 1
Owners and capital
Shareholders
2 ownersChain of control
- THE HUB
- The Pack
Owners 2
- THE HUBparentEquity €1.2m Profit of €5,214 in 2025 (profit of €8,036 in 2024)84%
- Sourceaccounts WALLIMAGE 2025Equity €47.3m Loss of €1.3m in 2025 (loss of €799,330 in 2023) Checked score 8915.25%
Capital transactions
- THE HUB SA 1,844 shares · €546,000 · créances prêts convertibles
- CITIZEN CAIN SRL 175 shares · €52,000 · créances prêts convertibles
- Peter De Maegd 110 shares · €32,500 · créances prêts convertibles
- Jan Hameeuw 66 shares · €19,500 · créances prêts convertibles
- WALLIMAGE 2,195 shares · €650,000 · créances prêts convertibles
- 25-06-2026 Capital stated in the deed · €1,362,500 · 14,390 shares
- 14-12-2022 Capital increase of €1,300,000 · to €1,362,500 · 4,390 new shares · in kind
Mandate history
- Board
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| CITIZEN CAIN SRL |
|
| Peter De Maegd |
|
| THE HUB SA |
|
| PKF Bofidi Audit |
|
| WALLIMAGE |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Conseil administration collégial, 8”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Tous pouvoirs article 2:87 Code des sociétés et des associations sans autorisation spéciale, assemblée générale peut limiter à tout moment…”
Articles of association, deed of 25-06-2026 (in French)
Network & group
Holdings and subsidiaries
4 holdingsHoldings 4
Source for every holding own accounts 2025
- The Pack BrusselssubsidiaryEquity €606,126 Profit of €2,110 in 2025 (profit of €9,869 in 2024) Checked score 81100%
- The Pack WalloniasubsidiaryEquity €411,261 Profit of €9,199 in 2025 (profit of €17,360 in 2024) Checked score 86100%
- TranzistorsubsidiaryEquity €99,944 Profit of €8,759 in 2025 (profit of €1,147 in 2024) Checked score 81100%
- The Pack FlanderssubsidiaryEquity €157,665 Profit of €5,085 in 2025 (profit of €31,331 in 2024) Checked score 8676%
Board mandates elsewhere
1 board mandateCompanies at the same address
4 other companiesConnections & network
3 current directorsThe board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
Timeline
Acts, filings and financial milestones
27-07
Gazette deed
Resignation: Citizen Cain (director)Permanent representative: Tom Hameeuw2 points ▸
- Director resignation, Citizen Cain (director)
- Permanent representative, Tom Hameeuw
25-06
Gazette deed
Resignation: WALLIMAGE SA (administrateur de classe b)Appointment: PKF Bofidi Audit (statutory auditor) · Amendment of the articles · Capital10 points ▸
- General meeting, 01-06-2026
- Other provision, “rapport justification modifications droits classes actions, PREMIERE RESOLUTION” (deed in French)
- Amendment of the articles, mentioned 2 times in the deed
- Capital, €1,362,500
- Director resignation, WALLIMAGE SA (administrateur de classe b)
- Other provision, “coordination, CINQUIÈME RESOLUTION:Procuration pour la coordination” (deed in French)
- Other provision, “SIXIÈME RESOLUTION:Pouvoirs à l'organe d'administration, organe d'administration” (deed in French)
- General meeting, 10:00:00, “18 décembre” (deed in French)
- Auditor appointment, PKF Bofidi Audit (statutory auditor)
- Other provision, “délivrance de l'extrait avant enregistrement, avant enregistrement” (deed in French)
14-12
Gazette deed
Capital increase of €1,300,000 to €1,362,500Reappointments: THE HUB SA, CITIZEN CAIN SRL and 2 others · Permanent representatives: Jan Hameeuw, HAMEEUW Tom and MALEVÉ Odile · Declaration27 points ▸
- General meeting, 08-12-2022
- Other provision, “prise de connaissance des rapports et dispense de lecture, dispense président lecture rapports commissaire apports en nature évaluation article 7:155,7:179§1al2…” (deed in French)
- Declaration, “réception préalable des rapports, préalablement à assemblée” (deed in French)
- Auditor report, 08-07-2022
- Capital contribution, €546,000
- Capital contribution, €52,000
- Capital contribution, €32,500
- Capital contribution, €19,500
- Capital contribution, €650,000
- Capital increase, €1,300,000
- Other provision, 10000, “scission des actions existantes” (deed in French)
- Kind of shares, “création classes A et B”, 10000 (deed in French)
- The act holds 15 more points.
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
22 activities
- Elle effectue principalement toutes les opérations,quelles qu'elles soient de nature technique,artistique ou autre,liées à la réalisation,la production et la post-production de tous les supports audiovisuels.
- Elle assure également le développement,l'organisation et la coordination de productions audiovisuelles sur tous supports médiatiques déjà connus et à développer.
- Elle effectue des travaux et offre des installations dans le secteur de la postproduction d'images et de son telles que,entre autres,le numérique intermédiaire,le traitement des couleurs,les effets visuels,effets spéciaux l'animation 3D,la réalité virtuelle,le montage,les livraisons et l’exploitation d’équipements audiovisuels utilisables dans le secteur audiovisuel tels que les caméras,les équipements d'éclairage et de préhension,les ordinateurs,le matériel et les logiciels de post-production,les projets,etc.
- Tous autres travaux de post-production image et son,
- L’édition ou la coédition d’œuvres audiovisuelles,y compris cinematographiques,de spectacles,de livres et de musique,
- La réalisation et la fourniture de prestations audiovisuelles,y compris la rédaction d’articles,sur support écrit ou autre.
- La production,la production exécutive et la co-production audiovisuelle ou cinématographique,au sens le plus large,de films de fictions,d'animation,publicitaires,documentaire ou d’actualité,quelle qu'en soit la durée,
- La distribution et la diffusion de tous produits audiovisuels,la représentation d’auteurs et de réalisateurs ainsi que l’acquisition de droits d’auteurs,de films et de tous produits audiovisuels,littéraires,phonographiques,musicaux et,en général,de tout ce qui se rapporte aux activités artistiques sur tous supports existants ou a créer et par tous procédés connus ou qui seront découverts,
- Elle procédé également à l'intégration et la vente d'ordinateurs et de systèmes de serveurs,le développement et la vente de systèmes vidéo et audio intégrés,le développement et la vente de logiciels,l'ingénierie et la maintenance de structures informatiques et de systèmes informatiques,d'installations pour la production vidéo et audio,la formation en informatique,la production vidéo et audio et le support logiciel.
- Elle peut également détenir des participations dans des sociétés belges ou étrangères actives dans les secteurs précités ainsi que l'exercice de mandats d’administrateur ou de gestion,à titre gratuit ou rémunéré.
- Elle peut accomplir tous actes mobiliers,immobiliers,financiers,commerciaux et industriels qui sont directement ou indirectement liés à son objet ou qui seraient de nature à faciliter leur réalisation en tout ou en partie.
- La société peut prendre la direction et le contrôle,en qualité d'administrateur,de liquidateur ou autre,de sociétés affiliées ou de succursales et de les conseiller.
- La société peut coopérer avec,participer ou de quelque manière que ce soit,directement ou indirectement,prendre des intérêts dans toutes les matières,sociétés ou entreprises qui ont un objectif identique,similaire ou connexe ou qui favorisent le développement de la société.
- La prise de participation directe ou indirecte dans toutes sociétés ou entreprises commerciales,industrielles,nancières,mobilières et immobilières ainsi que la gestion,le contrôle et le développement de ces participations en tant que société holding active;
- Le contrôle et la gestion desdites sociétés ou entreprises et l’exercice de tous mandats en leur sein;
- L’octroi de prêts,d’avances,de cautions,de garanties en général,de toutes aides de toute nature et sous quelque forme que ce soit,aux sociétés auxquelles elle s’intéresse,
- La prestation de services à destination des sociétés auxquelles elle s’intéresse,lesdits services comprenant en particulier la gestion de toute ressource commune à la société et aux participations,le management d’équipes,l’assistance technique,informatique,administrative,comptable,nancière ou commerciale,la mise à disposition de locaux,matériels ou équipements.
- La société peut donner caution tant pour ses propres engagements que pour les engagements de tiers,entre autres en donnant ses biens en hypothèque ou en gage,y compris son propre fonds de commerce.
- Elle peut se porter garant ou fournir des sûretés réelles pour des sociétés ou des personnes privées,au sens le plus large.
- Elle dispose,d’une manière générale,d’une pleine capacité juridique pour accomplir tous les actes et opérations ayant un rapport direct ou indirect avec son objet ou qui seraient de nature à faciliter directement ou indirectement,entièrement ou partiellement,la réalisation de cet objet.
- Elle peut s'intéresser par voie d'association,d'apport,de fusion,d'intervention financière ou de quelque manière que ce soit,dans toutes sociétés,associations ou entreprises dont l'objet est identique,analogue ou connexe au sien ou susceptible de favoriser le développement de son entreprise ou de constituer pour elle une source de débouchés.
- Elle peut exercer les fonctions d’administrateur ou liquidateur dans d’autres sociétés.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 53402A0191/00C010 | Wallonia | 2,325 m² | 1 · 378 m² | 8.9 m · 3 |