VPK Group
VPK Group and the 13 companies it controls according to the LEI register and the annual accounts: the structure, the figures, each company's health and where the risk sits.
Sum of the filed annual accounts of 12 of the 12 Belgian companies (fiscal years 2025). Not a consolidation: receivables, participations and sales between group companies are not eliminated, so they count.
Consolidated accounts 2025
Filed by VPK Group: the group's figures as one whole, with intra-group positions eliminated. These are the real group figures.
Group risk
How healthy the group's Belgian companies are, and where the risk sits. A weak subsidiary can cost the parent money, and the other way round.
- The parent itself: VPK Group, no verdict.
- 1 company with a loss in the latest year: VPK PACKAGING (-€4.5m).
- 44.1% of the added-up total assets sits in one company: VPK Group.
- None of the added-up total assets sits at a company with an elevated or high risk.
Group structure
Who consolidates whom according to the LEI register, completed with who holds more than half of the shares according to the annual accounts. Both mean control.
- VPK Group8 subsidiariesNo verdict€956.3m €719.4m 2025
- Healthy · 90€5.5m €1.6m 2025
- COREX HOLDING1 subsidiaryNo verdict€284.1m €279.4m 2025
- Healthy · 86€8.3m €3.7m 2025
- Healthy · 86€24.0m €7.2m 2025
- Healthy · 67€15.4m €10.4m 2025
- VPK Paper3 subsidiariesHealthy · 92€162.1m €99.1m 2025
- Healthy · 91€3.9m €3.1m 2025
- Healthy · 90€2.6m €1.2m 2025
- VPK PACKAGING1 subsidiaryHealthy · 81€114.9m €43.8m 2025
- Healthy · 89€10.0m €1.9m 2025
- Healthy · 93€580.0m €158.9m 2025
- PETERSON HOLDING AS
- Smart Packaging Solutions B.V.
High risk Elevated Healthy Fair No verdict Amounts: total assets and equity from the latest accounts.
Shared directors
Who sits on the boards of several group companies. This is where control over the group sits in practice.
- 2
- 2
Events in the group
Bankruptcies, director changes, capital changes and other publications of all Belgian group companies, over the last two years.
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Change of permanent representative
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Change of permanent representative
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Change of permanent representative
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Change of permanent representative
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4 directors appointed, 3 directors resigning
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Change of permanent representative
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Change of permanent representative
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Change of permanent representative
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Change of permanent representative
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2 directors resigning
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Change of permanent representative
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Change of permanent representative
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1 director appointed, 1 director resigning
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1 director appointed, 1 director resigning
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Where do these figures come from?
Completed with the annual accounts: a company of which another Belgian company holds more than half of the shares, by the list of holdings or the shareholder structure in its accounts, stands under that company, with the share. The register of ultimate beneficial owners (UBO) is not public.
The group's make-up comes from the LEI register (GLEIF): which company consolidates which other, directly or ultimately. A company whose link the register does not state is not listed here, even if it does belong to the group.
The amounts are those of the annual accounts each Belgian company filed with the National Bank, added up without consolidation. The verdict per company is that of its dossier on Checked.be. Everything is updated every night.
Updated on 05-10-2026