The Pack
Open bankruptcyA bankruptcy procedure is open for The Pack according to publications in the Belgian State Gazette; curator: KLAAS KOENTGES.
Summary
The file additionally contains 1 administrative flag. The 2023 annual accounts show negative equity (€-76k) and a net result of €-107k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 30-09-2024, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
61 d late
2022
31 d early
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Financials · fiscal year 2023, micro schema
Equity
€-76k
2022 · €30k
2022: €30k
2022 → 2023
Total assets
€232k▲ 369%
2022 · €49k
2022: €49k
2022 → 2023
Net result
€-107k▼ 258%
2022 · €-30k
2022: €-30k
2022 → 2023
Working capital
€61k
2022 · €-11k
2022: €-11k
2022 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023Trend
Equity€30k-€-76k
Operating result€-30k-€-106k▼ 257%
Net result€-30k-€-107k▼ 258%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €106k in 2023 against €30k in 2022; the loss grows.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €232k
Fixed assets
€48k ▲ 2.6%
Current assets
€184k ▲ 6,826%
Key figures and ratios
EBITDA
€-104k▼
2022 · €-24k
Cash flow
€-105k▼
2022 · €-24k
Solvency
-33.0%▼
2022 · 61.2%
Current ratio
1.49▲
2022 · 0.19
Debt to equity
-4.03▼
2022 · 0.63
ROA
-46.0%▲
2022 · -60.4%
Interest coverage
-223.16▲
2022 · -867.50
Debt
€308k▲
2022 · €19k
Debt ≤ 1 year
€123k▲
2022 · €14k
Debt > 1 year
€185k
Staff costs
€12k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2023 against 2022 · 39 lines
Balance sheet
Code20222023
Assets
Total assets20/58€49k€232k▲
Fixed assets21/28€47k€48k▲
Intangible fixed assets21€47k€45k▼
Tangible fixed assets22/27-€3k
Plant, machinery and equipment23-€3k
Current assets29/58€3k€184k▲
Amounts receivable within one year40/41€3k€25k▲
Trade receivables40-€402
Other amounts receivable41€3k€25k▲
Cash at bank and in hand54/58€30€158k▲
Deferred charges and accrued income490/1€110€110=
Equity and liabilities
Total equity and liabilities10/49€49k€232k▲
Equity10/15€30k€-76k▼
Contributions10/11€60k€60k=
Profit (loss) carried forward14€-30k€-136k▼
Amounts payable17/49€19k€308k▲
Amounts payable after more than one year17-€185k
Financial debts170/4-€185k
Amounts payable within one year42/48€14k€123k▲
Trade debts44€958€99k▲
Suppliers440/4€958€99k▲
Advances received on contracts in progress46-€487
Taxes, remuneration and social security45-€5k
Taxes450/3-€566
Remuneration and social security454/9-€5k
Other amounts payable47/48€13k€18k▲
Accrued charges and deferred income492/3€5k-
Income statement
Code20222023
Remuneration, social security and pensions62-€12k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€2k▼
Other operating charges640/8€834€1k▲
Gross operating margin9900€-23k€-92k▼
Operating profit (loss)9901€-30k€-106k▼
Financial charges65/66B€27€467▲
Recurring financial charges65€27€467▲
Profit (loss) for the period before taxes9903€-30k€-107k▼
Profit (loss) for the period9904€-30k€-107k▼
Profit (loss) for the period to be appropriated9905€-30k€-107k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-30k€-136k▼
Profit (loss) brought forward from the previous period14P-€-30k
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
08-12
KBO administration
Address struck
24-02
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · THE PACK BV OTTERGEMSE- STEENWEG-ZUID 808/172, 9000 GENT · event 18-02-2025
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Liquidity times 8current ratio 1.49
Current ratio from 0.19 to 1.49.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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
1 establishment unit since 2021
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.
Ground area
3.2 ha
Building footprint
2.0 ha
Volume, LiDAR
251,951 m³
Parcel 44808H0602/00T003, Flanders · tallest building 40.8 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
The Pack
since 20212.324.047.546
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44808H0602/00T003 | Flanders | 3.2 ha | 1 · 2.0 ha | 40.8 m · 4 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | KLAAS KOENTGES LEIEKAAI 25, 9000 GENT- |
18-02-2025 → present |
Public money · subsidies and aid
Flemish government
2023 to 2025 · 4 entries · 219,000 EUR awarded · 219,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | -53,289 EUR | 0 EUR |
| 2024 | 2 | 9,000 EUR | 114,000 EUR |
| 2023 | 1 | 263,289 EUR | 105,000 EUR |
Schemes
Ontwikkelingsproject
Subsidies voor internationaal ondernemen
Similar companies · same sector, comparable size
CYBERCRAFT
BE 0794.710.310
Leuze-en-Hainaut · Eq €30,198
QRE Developments
BE 0748.841.087
Asse · Eq €30,191
Fastlane
BE 1010.040.214
Beringen · Eq €30,231
OPI
BE 1017.495.950
Antwerpen · Eq €30,166
3GO
BE 0840.308.723
Mouscron · Eq €30,243
Of 16,884 companies in sector 62100 we hold annual accounts for 8,775. 6,350 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-11-2021
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
62900Other information technology and computer services
62200Computer consultancy and computer facilities management
63910Web portal activities
74120Graphic design and visual communication
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.