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Van Genechten Packaging

Active
Public limited companyfounded 1929active for 97 yearsRaadsherenstraat 2, 2300 Turnhout, BelgiumKBO/BCE: BE 0400.732.338
Summary

Van Genechten Packaging has been active since 1929 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.9m and a net result of €394,753. Equity is growing by about 7.2% per year across the filed financial years. Its solvency ranks better than 39% of 2,754 sector peers (NACE 82, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Overview

Activity
Other business support services
NACE 82990Manufacture of paper and paper products NACE 17210
#1 oldest company in Turnhout, Administrative and support services sector1 site
Size
€9.9mtotal assets 2025
Staff
18.9 FTE
Equity
€2.9m
Profit
€394,753
Turnover not published (abbreviated format)
Financial health
86 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.3%
Structure
Parent
Van Genechten Packaging International · 100%
  • Ladivi BVDirector · permanent representative Dimitri de Somer
Accounts 74 days early1 of 27 deeds read
Why 86raises riskLiquidity: current ratio 1.39, cash €10,763lowers riskFounded in 1929Legal form: public limited companySector: Office administrative, office support and other business support activities (NACE 82)Show the evidence

Checked score

Score 2025
86 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 46% of its sector peers (NACE 82, small)
Financial strength · tick = 2024
Average
Solvency 54-1
equity 29.1% of total assets
Liquidity 12-1
short-term debt 70.9% · cash 0.1%
Profitability 74-4
return on assets 4.0%
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (1,114 companies, NACE 82, small)
Last 24 months 11-2024: 0.4% 12-2024: 0.4%● unchanged vs 11-2024 01-2025: 0.4%● unchanged vs 12-2024 02-2025: 0.4%● unchanged vs 01-2025 03-2025: 0.4%● unchanged vs 02-2025 04-2025: 0.4%● unchanged vs 03-2025 05-2025: 0.4%● unchanged vs 04-2025highest value 06-2025: 0.2%▼ -0.2 percentage points vs 05-2025lowest value 07-2025: 0.2%● unchanged vs 06-2025lowest value 08-2025: 0.2%● unchanged vs 07-2025lowest value 09-2025: 0.2%● unchanged vs 08-2025lowest value 10-2025: 0.2%● unchanged vs 09-2025lowest value 11-2025: 0.2%● unchanged vs 10-2025lowest value 12-2025: 0.2%● unchanged vs 11-2025lowest value 01-2026: 0.2%● unchanged vs 12-2025lowest value 02-2026: 0.2%● unchanged vs 01-2026lowest value 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.3%▲ +0.1 percentage points vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026 08-2026: 0.3%● unchanged vs 07-2026 09-2026: 0.3%● unchanged vs 08-2026 10-2026: 0.3%● unchanged vs 09-2026
Credit of up to €240,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.39, compared with 1.43 in 2024; short-term debt: 70.9% and cash: 0.1% of total assets), and 70.9% 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 82, small): better than 38% on solvency, 7% on liquidity, 68% on profitability and 72% 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

Five signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 1.39, cash €10,763
NBB · annual accounts
lowers risk · Founded in 1929
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
lowers risk · Legal form: public limited company
KBO
lowers risk · Sector: Office administrative, office support and other business support activities (NACE 82)
KBO
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 18-05-2026, 74 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
74 days early
2024
77 days early
2023
76 days early
2022
82 days early
2021
81 days early
2020
74 days early
2019
17 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 69 days before the deadline; the sector median (NACE 82) for financial year 2024 is 7 days before the deadline, and 35% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 15 May (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
10-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Reappointment: Ladivi BV (director)Power of attorney
  2. Annual accounts filedfinancial year 2025 · abbreviated…
  3. Annual accounts filedfinancial year 2024 · abbreviated…

Key points

  • Positive: Oldest company in Turnhout, Administrative and support services…in the Checked rankings #1 View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Controlled by Van Genechten Packaging Internationalultimately: Van Genechten 100% View
  • Caution: Result fell in 2025from €628,827 to €394,753 ▼ 37.2% View
  • Active since 1929founded 09-01-1929 97 years View
  • Positive: 6 profitable years in a rowprofit 2025: €394,753 6 years View
  • New directorlatest change 12-05-2026 · 1 in office 1 joined View

By topic

Financials

Financial year
2025
Total assets
€9.9m
Profit
€394,753
Solvency
29.1%
Total assets▲ 19.7%
Net result
20182025
Go to Financials

Board & ownership

Board
1 member
Parent
Van Genechten Packaging International · 100%
  • Ladivi BVDirector
Go to Board & ownership

Timeline

Events
54
Since
1979
Next accounts
by 31-07-2027
  1. 31-12-2024Highest result from 2018 to 2025
  2. 31-12-2024Equity above €2m
  3. 16-05-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Other business support servicesNACE 82990
Founded
09-01-1929
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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