VECTOR PACKAGING EUROPE
ActiveSummary
VECTOR PACKAGING EUROPE has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7.7m and a net result of €2.3m. Equity is growing by ~6% per year across the filed fiscal years. Its solvency ranks better than 70% of 192 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
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Signals
This company filed its last 7 accounts on average 39 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 34% of the sector filed late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, full schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 22, Manufacture of rubber and plastic products, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 1,577 companies that looked in July 2024 the way this one looks now, 0.1% went bankrupt within 24 months and 97% are still going.
- Medium-sized
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,577 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €17.5m | €21.8m | €19.9m | €17.2m | €19.9m | ▲ 15.5% |
| Turnover70 | €17.3m | €21.6m | €20.0m | €17.2m | €19.5m | ▲ 13.0% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | €111,719 | €146,797 | -€103,209 | -€123,055 | €335,710 | ▲ 373% |
| Own construction capitalised72 | - | €11,453 | €0 | - | - | - |
| Other operating income74 | €78,232 | €47,206 | €53,953 | €95,811 | €60,087 | ▼ 37.3% |
| Operating charges60/66A | €15.1m | €19.9m | €17.3m | €15.1m | €17.0m | ▲ 13.1% |
| Goods for resale, raw materials and consumables60 | €6.6m | €9.0m | €6.7m | €5.9m | €6.8m | ▲ 15.9% |
| Purchases600/8 | €6.8m | €9.1m | €6.1m | €5.8m | €6.9m | ▲ 19.0% |
| Change in stocks: decrease (increase)609 | -€206,789 | -€95,104 | €644,670 | €43,845 | -€131,139 | ▼ 399% |
| Services and other goods61 | €3.4m | €5.0m | €4.5m | €3.7m | €4.2m | ▲ 15.3% |
| Remuneration, social security and pensions62 | €4.3m | €4.7m | €4.9m | €5.0m | €5.1m | ▲ 1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €840,794 | €901,648 | €879,676 | €785,589 | €763,295 | ▼ 2.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€28,216 | €4,645 | €53,516 | €3,999 | €10,823 | ▲ 171% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | -€76,800 | €162,623 | €162,623 | -€325,245 | €112,826 | ▲ 135% |
| Other operating charges640/8 | €61,822 | €68,082 | €69,252 | €69,127 | €69,332 | ▲ 0.3% |
| Operating charges capitalised as restructuring costs649 | - | - | -€0 | - | - | - |
| Non-recurring operating charges66A | - | €12,133 | €0 | - | - | - |
| Operating profit (loss)9901 | €2.4m | €1.9m | €2.7m | €2.1m | €2.8m | ▲ 32.7% |
| Financial income75/76B | €112,927 | €268,403 | €100,107 | €138,484 | €111,598 | ▼ 19.4% |
| Recurring financial income75 | €112,927 | €268,403 | €100,107 | €138,484 | €111,598 | ▼ 19.4% |
| Income from current assets751 | - | - | - | €59,575 | €66,185 | ▲ 11.1% |
| Other financial income752/9 | €112,927 | €268,403 | €100,107 | €78,909 | €45,413 | ▼ 42.4% |
| Financial charges65/66B | €68,791 | €146,285 | €126,533 | €23,128 | €226,717 | ▲ 880% |
| Recurring financial charges65 | €68,791 | €146,285 | €126,533 | €23,128 | €226,717 | ▲ 880% |
| Debt charges650 | €12,766 | €2,007 | €0 | €0 | €0 | ▲ 3.3% |
| Other financial charges652/9 | €56,025 | €144,278 | €126,533 | €23,128 | €226,716 | ▲ 880% |
| Profit (loss) for the period before taxes9903 | €2.4m | €2.0m | €2.6m | €2.2m | €2.7m | ▲ 20.7% |
| Income taxes67/77 | €117,049 | €85,932 | €262,160 | €105,346 | €370,085 | ▲ 251% |
| Taxes670/3 | €117,049 | €85,932 | €262,160 | €105,346 | €370,085 | ▲ 251% |
| Profit (loss) for the period9904 | €2.3m | €1.9m | €2.4m | €2.1m | €2.3m | ▲ 9.3% |
| Profit (loss) for the period to be appropriated9905 | €2.3m | €1.9m | €2.4m | €2.1m | €2.3m | ▲ 9.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €13.0m | €14.1m | €14.8m | €13.9m | €11.3m | ▼ 18.5% |
| Fixed assets21/28 | €6.2m | €6.1m | €5.8m | €5.4m | €5.2m | ▼ 3.3% |
| Intangible fixed assets21 | €435,506 | €227,526 | €119,925 | €126,246 | €109,215 | ▼ 13.5% |
| Tangible fixed assets22/27 | €5.8m | €5.9m | €5.7m | €5.3m | €5.1m | ▼ 3.1% |
| Land and buildings22 | €1.2m | €1.5m | €1.4m | €1.4m | €1.3m | ▼ 4.2% |
| Plant, machinery and equipment23 | €4.2m | €4.2m | €4.2m | €3.8m | €3.3m | ▼ 13.0% |
| Furniture and vehicles24 | €84,637 | €43,007 | €1,376 | €2,438 | €1,429 | ▼ 41.4% |
| Other tangible fixed assets26 | €22,098 | €16,611 | €12,677 | €8,904 | €6,985 | ▼ 21.6% |
| Assets under construction and advance payments27 | €212,520 | €113,216 | €33,030 | €74,136 | €466,326 | ▲ 529% |
| Financial fixed assets28 | €1,491 | €1,491 | €1,491 | €1,491 | €1,491 | = |
| Other financial fixed assets284/8 | €1,491 | €1,491 | €1,491 | €1,491 | €1,491 | = |
| Amounts receivable and cash guarantees285/8 | €1,491 | €1,491 | €1,491 | €1,491 | €1,491 | = |
| Current assets29/58 | €6.8m | €8.0m | €8.9m | €8.5m | €6.1m | ▼ 28.2% |
| Stocks and contracts in progress3 | €1.8m | €2.1m | €1.3m | €1.1m | €1.6m | ▲ 40.9% |
| Stocks30/36 | €1.8m | €2.1m | €1.3m | €1.1m | €1.6m | ▲ 40.9% |
| Raw materials and consumables30/31 | €1.6m | €1.7m | €1.1m | €987,840 | €1.1m | ▲ 12.2% |
| Finished goods33 | €204,036 | €360,526 | €231,136 | €126,159 | €461,580 | ▲ 266% |
| Amounts receivable within one year40/41 | €2.5m | €3.8m | €2.4m | €5.0m | €3.8m | ▼ 25.0% |
| Trade receivables40 | €2.2m | €3.6m | €2.2m | €2.8m | €3.4m | ▲ 20.7% |
| Other amounts receivable41 | €242,611 | €208,581 | €213,167 | €2.2m | €405,609 | ▼ 81.9% |
| Cash at bank and in hand54/58 | €2.4m | €2.1m | €5.2m | €2.3m | €704,764 | ▼ 69.2% |
| Deferred charges and accrued income490/1 | €47,397 | €34,038 | €32,180 | €36,445 | €27,880 | ▼ 23.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €13.0m | €14.1m | €14.8m | €13.9m | €11.3m | ▼ 18.5% |
| Equity10/15 | €8.3m | €9.2m | €7.0m | €7.1m | €7.7m | ▲ 7.4% |
| Contributions10/11 | €6.6m | €6.6m | €6.6m | €6.6m | €6.6m | = |
| Capital10 | €6.6m | €6.6m | €6.6m | €6.6m | €6.6m | = |
| Issued capital100 | €6.6m | €6.6m | €6.6m | €6.6m | €6.6m | = |
| Reserves13 | €184,305 | €280,096 | €398,476 | €505,100 | €621,633 | ▲ 23.1% |
| Non-distributable reserves130/1 | €184,305 | €280,096 | €398,476 | €505,100 | €621,633 | ▲ 23.1% |
| Legal reserve130 | €184,305 | €280,096 | €398,476 | €505,100 | €621,633 | ▲ 23.1% |
| Profit (loss) carried forward14 | €1.5m | €2.3m | €21,035 | €6,891 | €421,032 | ▲ 6,010% |
| Investment grants15 | €64,637 | €61,989 | €59,341 | €56,693 | €56,693 | = |
| Provisions and deferred taxes16 | - | €162,623 | €325,245 | €0 | €112,826 | - |
| Provisions for liabilities and charges160/5 | - | €162,623 | €325,245 | €0 | €112,826 | - |
| Pensions and similar obligations160 | - | €162,623 | €325,245 | €0 | €112,826 | - |
| Amounts payable17/49 | €4.7m | €4.7m | €7.4m | €6.7m | €3.5m | ▼ 47.7% |
| Amounts payable within one year42/48 | €4.7m | €4.7m | €7.4m | €6.7m | €3.5m | ▼ 47.7% |
| Trade debts44 | €1.8m | €1.7m | €1.8m | €1.2m | €2.6m | ▲ 120% |
| Suppliers440/4 | €1.8m | €1.7m | €1.8m | €1.2m | €2.6m | ▲ 120% |
| Taxes, remuneration and social security45 | €857,086 | €983,441 | €1.0m | €1.3m | €932,757 | ▼ 29.5% |
| Taxes450/3 | €20,304 | €31,760 | €42,181 | €21,942 | €22,321 | ▲ 1.7% |
| Remuneration and social security454/9 | €836,783 | €951,681 | €966,777 | €1.3m | €910,436 | ▼ 30.1% |
| Other amounts payable47/48 | €2.0m | €2.0m | €4.6m | €4.2m | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2.3m | €1.9m | €2.4m | €2.1m | €2.3m | ▲ 9.3% |
| + Depreciation and write-downs630 | €840,794 | €901,648 | €879,676 | €785,589 | €763,295 | ▼ 2.8% |
| Operating cash flow (approximation) | €3.2m | €2.8m | €3.2m | €2.9m | €3.1m | ▲ 6.0% |
| Investment in fixed assets (approximation) | - | -€786,596 | -€598,374 | -€347,831 | -€583,581 | ▼ 67.8% |
| Change in cash | - | -€286,966 | €3.2m | -€3.0m | -€1.6m | ▲ 46.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
24-07
State Gazette act
Capital & shares · RestructuringReappointment: PRICEWATERHOUSECOOPERS BEDRIJFSREVISOREN (statutory auditor) · Permanent representative: SCHEYVAERTS Tom · Declaration18 facts ▸
- General meeting, 30-06-2026
- Declaration, waiver of merger reports
- General meeting, goedkeuring van (i) het verslag van de raad van bestuur en (ii) het verslag van de commissaris, inbreng in natura, toegepaste waardering en verstrekte vergoedin…
- Auditor report, commissaris, EUR
- Shareholding, ultieme aandeelhouder
- Shareholding, enige aandeelhouder
- Share issue, nieuwe aandelen, 1032
- Other statement, boekhoudkundige waarde van activa en passivabestanddelen in boekhouding van te fuseren vennootschap, retained value of inbreng in natura
- Other statement, verantwoording van uitgifteprijs en gevolgen voor vermogens- en lidmaatschapsrechten van aandeelhouders, assessment of financial data in special report
- Other statement, geen uitspraak over geschiktheid, opportuniteit, waardering van vergoeding, rechtmatigheid of billijkheid van verrichting, no fairness opinion
- Other statement, late submission of documents, stukken en informatie niet tenminste één maand vóór buitengewone algemene vergadering overhandigd
- Merger, fusie door overneming, goedkeuring van de fusie door overneming
- +6 further facts in this act
About the unread acts
Of the 29 Belgian State Gazette acts we know for this company, 1 has been read. The other 28 have not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
Statutory auditor 1
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71324E0603/00C000 | Flanders | 3.3 ha | 1 · 7,561 m² | 12.0 m · 3 fl. |
Linked by address, not proof of ownership
Mandate history
- Statutory auditor
| Name | Functions and periods |
|---|---|
| PricewaterhouseCoopers Reviseurs d'Entreprises |
|
Articles of association
Structure & network
Owners and holdings
1 ownerChain of control
- VECTOR EUROPE
- VECTOR PACKAGING EUROPE
Highest known parent: VECTOR EUROPE. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 0
The accounts to 31-12-2025 list no holdings, and no other source names one.
According to the 2025 annual accounts of VECTOR PACKAGING EUROPE and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionCapital and shareholders
- Viscofan S.A 1,032 shares · 255,949.56 EUR · “volgestort”
- Viscofan S.A ultieme aandeelhouder
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 24-07-2026 Capital increase of 255,949.56 EUR · to 6,815,326.25 EUR · 1,032 new shares · “uitgifte van nieuwe aandelen in ruil voor de oude aandelen van de Overgenomen vennootschap”
- 24-07-2026 Converted to unavailable equity · 3,720,994.87 EUR
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 5,172 EUR awarded · 5,172 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 2,471 EUR | 2,471 EUR |
| 2022 | 1 | 2,701 EUR | 2,701 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteSimilar companies · same sector, comparable size
Identification & contact
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 29 September 2026 · Peppol Directory
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