Financials
- Fiscal year
- 2025
- Turnover
- €348.3m
- Loss
- -€4.5m
- Solvency
- 38.1%
Turnover▲ 3.3%
Net result
20182025
VPK PACKAGING
ActiveSummary
VPK PACKAGING has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €43.8m and a net result of -€4.5m. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 40% of 85 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Overview
What they do
Manufacture of paper and paper products
NACE 17120Manufacture of paper and paper products NACE 17210NACE 21122
#1 employer in Dendermonde, Manufacturing sector3 sites
How big
€348.3mturnover 2025
- Staff
- 570.8 FTE
- Equity
- €43.8m
- Loss
- -€4.5m
Who decides
- Parent
- VPK Paper · 99.99%
- Board
- 4 members
- Holdings
- 3
Auditor: KPMG Bedrijfsrevisoren BVAccounts 49 d early
Why 53- Multiple establishment units- Higher-failure-rate sector+ Long track record+ Annual accounts: healthy financial profile+ Lower-risk legal formLatest accounts filed on timeShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability17▼-50
Solvency63▼-7
Growth40▼-31
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000,000 at 30 days acceptable
Liquidity tight (current ratio 1.04 against 1.23 in 2024; short-term debt: 47.7% of total assets), and 61.9% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 17
Relative position
BE, all sectors
reference
Manufacture of paper and paper products (NACE 17)
about 49% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
38.1%
Return on assets
-3.9%
Age of the figures
9 mo
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 12-06-2026, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
49 d early
2024
45 d early
2023
36 d early
2022
49 d early
2021
48 d early
2020
40 d early
2019
11 d 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 40 days before the deadline; the sector median for financial year 2024 is 13 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 13 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Reappointment: KPMG Bedrijfsrevisoren BV (statutory auditor)Permanent representative: Filip De Bock…
- Annual accounts filedfiscal year 2025 · full…
- Weakest financial yearnet -€4.5m
Key points
- Caution: From profit to loss in 2025after €10.2m in 2024 -€4.5m View
- Caution: Among the weakest 5% on net resultsector median €234,842 · 85 companies -€4.5m View
- Positive: Always filed on timeaccounts within the deadline every year 8 years View
- Controlled by VPK Paperknown shareholders 100% 99.99% View
- Flemish supportawarded 2022 - 2025 €96,861 View
By topic
Board & ownership
- Board
- 4 members
- Parent
- VPK Paper · 99.99%
- Known shareholders
- 100%
- Auditor
- KPMG Bedrijfsrevisoren BV
Go to Board & ownership
Network & group
- Group
- VPK Group
- Subsidiaries
- 1
- Holdings
- 3
- Connected companies
- 15
3 holdings
Timeline
- Events
- 43
- Since
- 2002
- Next accounts
- by 31-07-2027
- 20-07-2026Reappointment: KPMG Bedrijfsrevisoren BV (statutory auditor)
- 12-06-2026Annual accounts filed
- 31-12-2025Weakest financial year
Company details
- Sites
- 3
- Legal form
- Public limited company
- Activity
- Manufacture of paper and paper productsNACE 17120
- Founded
- 28-02-1995
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 1
- Purpose
- Productie, in- en uitvoer van verpakkingsmateriaal in papier en karton en derivaten of…
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies
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