Nipro PharmaPackaging International

Active

Public limited companyfounded 201511 yrs activeBlokhuisstraat 42, 2800 Mechelen, BelgiumKBO/BCE: BE 0636.806.780

Nipro PharmaPackaging International has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €191.42M and a net result of €-484k. Equity is growing by ~15.1% per year across the filed fiscal years. Its solvency ranks better than 66% of 6006 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).

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Checked score

Score 2024

42 / 100

Weak▼ -42 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0▼-65

Solvency88▼-7

Growth59▼-15

Stability100

Bankruptcy probability, 12 months

0.5% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €320k at 30 days only on tighter terms

Liquidity ample (current ratio 1.6 against 1.8 in 2023), and 44.3% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 46

Relative position

BE, all sectors

reference

Sector 46

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

55.7%

Return on assets

-0.1%

Age of the figures

20 mo

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-07-2025, 27 days ahead of the deadline.

NBB · 9 filings

Deviation from the deadline

2025

not confirmed

2024

27 d early

2023

35 d early

2022

12 d early

2021

12 d early

2020

24 d early

2019

14 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, full schema

Turnover

€3.24M▲ 20.2%

2023 · €2.70M

2018: €1.69M 2019: €1.94M 2020: €1.65M 2021: €2.01M 2022: €1.99M 2023: €2.70M

2018 → 2024

EBIT margin

-1.5%▼ 20.1pp

2023 · 18.7%

2018: 5.5% 2019: 1.8% 2020: 8.3% 2021: 2.3% 2022: 6.5% 2023: 18.7%

2018 → 2024

Net result

€-484k

2023 · €587k

2018: €7k 2019: €-33k 2020: €111k 2021: €2.59M 2022: €137k 2023: €587k

2018 → 2024

Working capital

€56.93M▲ 15.8%

2023 · €49.17M

2018: €121k 2019: €40k 2020: €131k 2021: €-476k 2022: €8.19M 2023: €49.17M

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Turnover€1.65M-€2.01M▲ 22.2%€1.99M▼ 0.8%€2.70M▲ 35.2%€3.24M▲ 20.2%

Equity€146.41M-€144.73M▼ 1.1%€178.82M▲ 23.6%€191.90M▲ 7.3%€191.42M▼ 0.3%

Operating result€137k-€45k▼ 66.8%€129k▲ 184%€503k▲ 291%€-48k

Net result€111k-€2.59M▲ 2,239%€137k▼ 94.7%€587k▲ 328%€-484k

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €48k after €503k in 2023, the lowest year so far.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €343.69M

55.9%

44.1%

Fixed assets €192.08M=

Current assets €151.62M▲ 37.0%

Equity and liabilities €343.69M

55.7%

44.3%

Equity €191.42M▼ 0.3%

Provisions €21k▲ 50.7%

Debt €152.25M▲ 37.4%

The debt ratio rises from 36.6% to 44.3%: debt grows while equity shrinks.

Key figures and ratios

2024 value · change against 2023

EBITDA

€-47k▼

2023 · €506k

Cash flow

€-483k▼

2023 · €589k

Solvency

55.7%▼

2023 · 63.4%

Current ratio

1.60▼

2023 · 1.80

Quick ratio

1.60▼

2023 · 1.80

Debt / equity

0.80▲

2023 · 0.58

ROE

-0.3%▼

2023 · 0.3%

ROA

-0.1%▼

2023 · 0.2%

Interest coverage

-0.01▼

2023 · 0.14

Debt

€152.25M▲

2023 · €110.81M

Debt ≤ 1 year

€94.69M▲

2023 · €61.48M

Debt > 1 year

€57.56M▲

2023 · €48.92M

Income taxes

€103k▲

2023 · €84k

Staff costs

€795k▼

2023 · €1.14M

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€302.73M€343.69M▲

Fixed assets21/28€192.08M€192.08M=

Intangible fixed assets21€699€384▼

Tangible fixed assets22/27€573-

Furniture and vehicles24€573-

Financial fixed assets28€192.07M€192.07M=

Affiliated companies280/1€192.07M€192.07M=

Participating interests280€192.07M€192.07M=

Current assets29/58€110.65M€151.62M▲

Amounts receivable after more than one year29€50.89M€68.81M▲

Other amounts receivable291€50.89M€68.81M▲

Amounts receivable within one year40/41€59.65M€82.66M▲

Trade receivables40€2.05M€2.19M▲

Other amounts receivable41€57.60M€80.47M▲

Cash at bank and in hand54/58€7k€93▼

Deferred charges and accrued income490/1€104k€151k▲

Equity and liabilities

Total equity and liabilities10/49€302.73M€343.69M▲

Equity10/15€191.90M€191.42M▼

Contributions10/11€188.48M€188.48M=

Capital10€188.48M€188.48M=

Issued capital100€188.48M€188.48M=

Reserves13€166k€166k=

Non-distributable reserves130/1€166k€166k=

Legal reserve130€166k€166k=

Profit (loss) carried forward14€3.26M€2.78M▼

Provisions and deferred taxes16€14k€21k▲

Provisions for liabilities and charges160/5€14k€21k▲

Pensions and similar obligations160€14k€21k▲

Amounts payable17/49€110.81M€152.25M▲

Amounts payable after more than one year17€48.92M€57.56M▲

Financial debts170/4€48.92M€57.56M▲

Other loans174€48.92M€57.56M▲

Amounts payable within one year42/48€61.48M€94.69M▲

Current portion of amounts payable after more than one year42€1.57M€13.36M▲

Trade debts44€2.00M€2.58M▲

Suppliers440/4€2.00M€2.58M▲

Taxes, remuneration and social security45€250k€246k▼

Taxes450/3€26k€41k▲

Remuneration and social security454/9€224k€206k▼

Other amounts payable47/48€57.67M€78.51M▲

Accrued charges and deferred income492/3€407k-

Income statement Code20232024

Operating income70/76A€11.37M€13.33M▲

Turnover70€2.70M€3.24M▲

Other operating income74€8.36M€10.09M▲

Non-recurring operating income76A€314k-

Operating charges60/66A€10.87M€13.38M▲

Services and other goods61€9.71M€12.52M▲

Remuneration, social security and pensions62€1.14M€795k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€887▼

Provisions for liabilities and charges: additions (uses and reversals)635/8€4k€7k▲

Other operating charges640/8€479€53k▲

Operating profit (loss)9901€503k€-48k▼

Financial income75/76B€3.85M€5.96M▲

Recurring financial income75€3.85M€5.96M▲

Income from current assets751€3.80M€5.96M▲

Other financial income752/9€44k€4k▼

Financial charges65/66B€3.68M€6.29M▲

Recurring financial charges65€3.68M€6.29M▲

Debt charges650€3.67M€6.01M▲

Other financial charges652/9€13k€287k▲

Profit (loss) for the period before taxes9903€670k€-381k▼

Income taxes67/77€84k€103k▲

Taxes670/3€84k€103k▲

Profit (loss) for the period9904€587k€-484k▼

Profit (loss) for the period to be appropriated9905€587k€-484k▼

Appropriation of the result

Profit (loss) to be appropriated9906€3.29M€2.78M▼

Profit (loss) brought forward from the previous period14P€2.70M€3.26M▲

Transfer to equity691/2€29k-

To the legal reserve6920€29k-

Social balance

Average headcount (FTE)90876.75.0▼

The notes to these accounts (42 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 38Financial 4Gazette 25Filings 9

2026

21-08

State Gazette act Resignations & appointments

General meeting · Director resignation · Director appointment13 facts ▸

General meeting, 2026-07-16
Director resignation, Stephan Arnold (bestuurder)
Director appointment, Kresimir Secak (bestuurder)
Director appointment, Sensus Strategies BV (bestuurder)
Permanent representative, Serge Kemps
Mandate compensation, Kresimir Secak
Mandate compensation, Sensus Strategies BV
Mandate term, 6 jaar
Mandate term, 6 jaar
Board meeting, 2026-07-16
Director resignation, Stephan Arnold (gedelegeerd bestuurder)
Director appointment, Kresimir Secak (gedelegeerd bestuurder (CEO))
+1 further facts in this act

02-02

State Gazette act Resignations & appointments

Board meeting · Director reappointment · Mandate compensation11 facts ▸

Board meeting, 2025-06-19
Director reappointment, Stephan Arnold (dagelijks bestuurder)
Mandate compensation, Stephan Arnold
Director appointment, Stephan Arnold (gedelegeerd bestuurder)
General meeting, 2025-06-27
Auditor reappointment, onmiddellijk na de jaarvergadering van 2028, 2025-06-27
Permanent representative, Mieke Van Leeuwe
Director reappointment, Stephan Arnold (bestuurder)
Mandate compensation, Stephan Arnold
General meeting, 2025-09-23
Director resignation, Masanobu IWASA (bestuurder)

2025

04-07

NBB filing Annual accounts filed

fiscal year 2024 · full schema

12-05

State Gazette act Resignations & appointments

General meeting · Director resignation · Director appointment7 facts ▸

General meeting, 2024-06-24
Director resignation, Tsuyoshi YAMAZAKI (bestuurder)
Director resignation, Takehito YOGO (bestuurder)
Director appointment, Hideyuki NISHISAKO (bestuurder)
Mandate compensation, Hideyuki NISHISAKO
Director appointment, Masanobu IWASA (bestuurder)
Mandate compensation, Masanobu IWASA

2024

31-12

Financial Weakest financial yearnet €-484k ▼182%

Net result drops to €-484k, the lowest in the series.

26-06

NBB filing Annual accounts filed

fiscal year 2023 · full schema

15-04

State Gazette act Resignations & appointments

Sole-shareholder decision · Director reappointment · Mandate compensation3 facts ▸

Sole-shareholder decision, 2023-07-14
Director reappointment, Takehito YOGO (bestuurder)
Mandate compensation, Takehito YOGO

2023

19-07

NBB filing Annual accounts filed

fiscal year 2022 · full schema

16-05

State Gazette act Capital & shares · Statutes amendment

General meeting · Capital increase · Share issue5 facts ▸

General meeting, 2023-05-05
Capital increase, €12.500.000
Share issue, nieuwe aandelen, 12500000
Capital, €188.477.613
Power of attorney, Michel RAATS

2022

10-10

State Gazette act Resignations & appointments

General meeting · Auditor reappointment · Permanent representative3 facts ▸

General meeting, 2022-06-30
Auditor reappointment, commissaris, tot onmiddellijk na de jaarvergadering van 2025
Permanent representative, Filip Lozie

19-07

NBB filing Annual accounts filed

fiscal year 2021 · full schema

27-01

State Gazette act Capital & shares · Statutes amendment

General meeting · Capital increase · Share issue7 facts ▸

General meeting, 2022-01-21
Capital increase, €33.950.000
Share issue, a pari, 33950000
Capital, €175.977.613
Statutes amendment
Power of attorney
Power of attorney, Michel RAATS

2021

31-12

Financial Highest result since 2018net €2.59M ▲2239%

Net result €2.59M, the highest in the series.

05-10

State Gazette act Resignations & appointments

General meeting · Director reappointment · Mandate compensation3 facts ▸

General meeting, 2021-06-30
Director reappointment, Tsuyoshi YAMAZAKI (bestuurder)
Mandate compensation, Tsuyoshi YAMAZAKI

07-07

NBB filing Annual accounts filed

fiscal year 2020 · full schema

08-02

State Gazette act Capital & shares · Statutes amendment

General meeting · Capital increase · Bank account7 facts ▸

General meeting, 2021-01-29
Capital increase, €38.000.000
Bank account, bijzondere rekening op naam van de vennootschap bij BNP Paribas Fortis
Capital, €187.804.500
Statutes amendment
Statutes amendment
Power of attorney, Michel RAATS

2020

31-12

Financial Back to profitnet €111k

Net result €111k after one loss-making year.

31-12

Financial Equity above €100MEq €146.41M ▲72.7%

Equity rises from €84.76M to €146.41M.

17-07

NBB filing Annual accounts filed

fiscal year 2019 · full schema

13-05

State Gazette act Capital & shares · Statutes amendment

General meeting · Capital increase · Bank account4 facts ▸

General meeting, 2020-04-15
Capital increase, €29.039.000
Bank account, BNP Paribas Fortis, 2020-04-21
Capital, €149.804.500

17-04

State Gazette act Resignations & appointments

General meeting · Board meeting · Director resignation9 facts ▸

General meeting, 2020-04-01
Board meeting, 2020-04-01
Director resignation, Minoru TAKEUCHI (bestuurder)
Director resignation, Minoru TAKEUCHI (gedelegeerd bestuurder)
Director appointment, Stephan ARNOLD (bestuurder)
Mandate compensation, Stephan ARNOLD
Director appointment, Stephan ARNOLD (gedelegeerd bestuurder)
Mandate compensation, Stephan ARNOLD
Power of attorney, MVVP Advocaten

17-03

State Gazette act Resignations & appointments

General meeting · Director resignation · Director discharge7 facts ▸

General meeting, 2019-06-28
Director resignation, VRC Bedrijfsrevisoren CVBA (commissaris)
Director discharge, VRC Bedrijfsrevisoren CVBA
Auditor appointment, PWC BEDRIJFSREVISOREN BCVBA (commissaris)
Permanent representative, LOZIE Filip
Power of attorney, elk van de bestuurders afzonderlijk
Power of attorney, Minoru TAKEUCHI

07-02

State Gazette act Capital & shares · Statutes amendment

General meeting · Capital increase · Bank account6 facts ▸

General meeting, 2020-01-30
Capital increase, €32.500.000
Bank account, BNP Paribas Fortis
Statutes amendment
Corporate purpose, De vennootschap heeft tot voorwerp de productie van en handel in, de import en export en de aankoop en verkoop van medische producten, instrumenten of toestelle…
Capital, €120.765.500

2019

06-08

State Gazette act Resignations & appointments

Permanent representative1 fact ▸

Permanent representative, Geert Keunen

05-07

NBB filing Annual accounts filed

fiscal year 2018 · full schema

28-02

State Gazette act Resignations & appointments

General meeting · Director resignation · Director appointment4 facts ▸

General meeting, 2018-12-14
Director resignation, Koki OKAMOTO (bestuurder)
Director appointment, Takehito YOGO (bestuurder)
Mandate compensation, Takehito YOGO

2018

11-07

NBB filing Annual accounts filed

fiscal year 2017 · full schema

02-05

State Gazette act Resignations & appointments

General meeting · Director resignation · Director appointment8 facts ▸

General meeting, 2018-04-16
Director resignation, Kurt VAN DAL (gedelegeerd bestuurder)
Director appointment, Minoru TAKEUCHI (bestuurder)
Mandate compensation, Minoru TAKEUCHI
Board meeting, 2018-04-16
Director appointment, Minoru TAKEUCHI (dagelijks bestuurder)
Mandate compensation, Minoru TAKEUCHI
Director appointment, Minoru TAKEUCHI (gedelegeerd bestuurder)

01-03

State Gazette act Registered office

Board meeting · Registered-office move2 facts ▸

Board meeting, 2018-02-07
Registered-office move, Blokhuisstraat 42, 2800 Mechelen, BELGIË

2017

11-07

NBB filing Annual accounts filed

fiscal year 2016 · full schema

10-04

State Gazette act Resignations & appointments

General meeting · Director resignation · Director appointment6 facts ▸

General meeting, 2016-12-21
Director resignation, Keiichi KISAKIBARU (bestuurder)
Director appointment, Koki OKAMOTO (bestuurder)
Mandate compensation, Koki OKAMOTO
Approval, artikel 10 en elke andere clausule van de Master Loan Agreement
Power of attorney, RACINE

04-01

State Gazette act Resignations & appointments

Permanent representative1 fact ▸

Permanent representative, Brigitte Motte

2016

29-09

State Gazette act Miscellaneous

Correction of error1 fact ▸

Correction of error, Correctie van de datum van de buitengewone algemene vergadering van aandeelhouders van 22 december 2014 naar 22 december 2015 in de bekendmaking van het PV van…

01-09

State Gazette act Resignations & appointments

General meeting · Director resignation · Director appointment3 facts ▸

General meeting, 2016-05-26
Director resignation, Atsushi UDA (bestuurder)
Director appointment, Keiichi KISAKIBARU (bestuurder)

12-02

State Gazette act Resignations & appointments

Director appointment · Mandate compensation2 facts ▸

Director appointment, Kurt VAN DAL (gedelegeerd bestuurder)
Mandate compensation, Kurt VAN DAL

08-01

State Gazette act Algemene Vergadering - Boekjaar

General meeting · Statutes amendment · First fiscal year4 facts ▸

General meeting, 2015-12-07
Statutes amendment
First fiscal year, 2016-12-31
First annual meeting, 2017

07-01

State Gazette act Capital & shares

General meeting · Capital increase · Capital4 facts ▸

General meeting, 2015-12-22
Capital increase, €88.204.000
Capital, €88.265.500
Power of attorney, Bestuurders

2015

16-09

State Gazette act Incorporation

Incorporation · Founder · Corporate purpose16 facts ▸

Incorporation, 2015-08-31
Founder, Kurt VAN DAL
Founder, Nipro Europe Group Companies
Corporate purpose, De vennootschap heeft als hoofddoel de productie van en handel in, de import en export en de aankoop en verkoop van medische producten, instrumenten of toestell…
Founding capital, €61.500
Bank account, MIZUHO BANK NEDERLAND NV
Director appointment, Kurt VAN DAL (bestuurder)
Director appointment, Tsuyoshi Yamazaki (bestuurder)
Director appointment, Atsushi Uda (bestuurder)
Mandate compensation, Kurt VAN DAL
Mandate compensation, Tsuyoshi Yamazaki
Mandate compensation, Atsushi Uda
+4 further facts in this act

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

11 directors, no change since 2026

Kresimir Secak

Director · since 16-07-2026

Current

Sensus Strategies

Director · since 16-07-2026 · Private limited company · perm. rep.: Serge Kemps

Current

Takehito YOGO

Director · since 14-07-2023

Current

Tsuyoshi YAMAZAKI

Director · since 30-06-2021

Current

16-07-2026 Kresimir Secak: Appointed as Director

16-07-2026 Kresimir Secak: Appointed as Gedelegeerd bestuurder (ceo)

16-07-2026 Sensus Strategies: Appointed as Director

16-07-2026 Stephan Arnold: Resigned as Managing director

16-07-2026 Stephan Arnold: Resigned as Director

23-09-2025 Masanobu IWASA: Resigned as Director

24-06-2024 Takehito YOGO: Resigned as Director

24-06-2024 Tsuyoshi YAMAZAKI: Resigned as Director

14-07-2023 Takehito YOGO: Mandate renewed as Director

30-06-2021 Tsuyoshi YAMAZAKI: Mandate renewed as Director

01-04-2020 Minoru TAKEUCHI: Resigned as Director

01-04-2020 Minoru TAKEUCHI: Resigned as Managing director

17-12-2018 Koki OKAMOTO: Resigned as Director

01-05-2018 Kurt VAN DAL: Resigned as Managing director

22-12-2016 Keiichi KISAKIBARU: Resigned as Director

01-09-2016 Atsushi UDA: Resigned as Director

12-01-2016 Kurt VAN DAL: Appointed as Managing director

Location & real-estate footprint

Registered office, Mechelen · 1 establishment unit since 2016

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.

Blokhuisstraat 422800 Mechelen

Ground area

1.3 ha

Building footprint

2,067 m²

Volume, LiDAR

17,901 m³

Parcel 12402A0113/00Y000, Flanders · tallest building 9.9 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

Nipro PharmaPackaging International

Blokhuisstraat 42, 2800 MechelenWholesale trade

since 20162.248.594.216

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
12402A0113/00Y000	Flanders	1.3 ha	1 · 2,067 m²	9.9 m · 3 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.

Statutory auditor

3 auditors

PricewaterhouseCoopers Reviseurs d'EntreprisesCurrent

Statutory auditor · represented by Filip Lozie

30-06-2022 → present

Show 2 earlier auditors

PWC Bedrijfsrevisoren BCVBA Statutory auditor · represented by LOZIE Filip succeeded by PricewaterhouseCoopers Reviseurs d'Entreprises in 2022	28-06-2019 → 30-06-2022
VRC BEDRIJFSREVISOREN Statutory auditor	- → 28-06-2019