ACTIVE

X - PACK

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Financial year 2025 · closed on 31/12/2025

Net result

262,4 k €

+157.7% YoY

Gross margin

1,6 M €

+96.7% YoY

Equity

2,2 M €

-9.7% YoY

Workforce

18,7 ETP

-3.1% YoY

What does X - PACK do?

X - PACK is a Public limited company incorporated in 1968. Its main activity is: Manufacture of plastic packing goods. Its registered office is in Verviers. It employs on average 18,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0402.294.434

Incorporation

01/01/1968

Legal form

Public limited company

Registered office

Rue des Chapeliers 39
4800 Verviers · WallonieSee on map

Contributed capital

250 000,00 €

Latest accounts

31/12/2025

Average workforce

18,7 ETP

Activities (NACE)

22220Manufacture of plastic packing goods· main 22220Manufacture of plastic packing goods 22260Manufacture of plastic products 22290Manufacture of other plastic products 25220Manufacture of tanks, reservoirs and containers of metal 25240Manufacture of tanks, reservoirs and containers of metal

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2007		2006
Income statement
Gross margin	1,6 M €	+96.7%	823,3 k €	-40.7%	1,4 M €	-56.8%	3,2 M €	+268%	873,1 k €	-42.4%	1,5 M €	-4.8%	1,6 M €	-1.6%	1,6 M €	-11.7%	1,8 M €	+5.3%	1,7 M €	+11.4%	1,6 M €	+23.1%	1,3 M €	+6.5%	1,2 M €	-18.6%	1,5 M €	+5.7%	1,4 M €	-10.1%	1,5 M €	-43.1%	2,7 M €	+76.5%	1,5 M €		–
EBITDA	645,7 k €	+477%	-171,3 k €	-136%	476,4 k €	-78.6%	2,2 M €	+929%	-268,4 k €	-165%	413,4 k €	-20.3%	518,9 k €	+14.2%	454,2 k €	-13.3%	524,1 k €	+23.6%	424,1 k €	-0.9%	427,8 k €	+370%	90,9 k €	-7.4%	98,2 k €	-44.0%	175,5 k €	-41.5%	300,1 k €	-29.2%	423,7 k €	-6.1%	451,2 k €	+12.3%	401,9 k €	+1.5%	395,8 k €
Operating result	192,3 k €	+135%	-544,7 k €	-677%	94,4 k €	-95.1%	1,9 M €	+624%	-368 k €	-221%	304,3 k €	-24.8%	404,7 k €	+21.5%	332,9 k €	-16.5%	398,6 k €	+26.9%	314,2 k €	-6.2%	335 k €	+15759%	-2,1 k €	-113%	17 k €	-70.6%	58 k €	-75.1%	232,5 k €	-31.6%	340,1 k €	+91.9%	177,2 k €	-18.5%	217,5 k €	-9.1%	239,2 k €
Net result	262,4 k €	+158%	-455,1 k €	-427%	139 k €	-90.3%	1,4 M €	+480%	-377,3 k €	-263%	232,2 k €	-17.0%	279,7 k €	+26.0%	222,1 k €	-11.2%	250,1 k €	+25.7%	198,9 k €	-6.1%	211,8 k €	+1563%	-14,5 k €	-475%	3,9 k €	-93.2%	56,7 k €	-58.4%	136,2 k €	-50.7%	276,3 k €	+85.9%	148,6 k €	-7.7%	161 k €	+3.6%	155,4 k €
Balance sheet
Equity	2,2 M €	-9.7%	2,5 M €	-15.6%	2,9 M €	+4.6%	2,8 M €	+104%	1,4 M €	-29.7%	2 M €	-3.5%	2 M €	-1.2%	2,1 M €	-15.7%	2,4 M €	+11.3%	2,2 M €	+9.8%	2 M €	+11.7%	1,8 M €	+2.6%	1,7 M €	+0.2%	1,7 M €	-7.7%	1,9 M €	+7.7%	1,7 M €	+8.0%	1,6 M €	+8.2%	1,5 M €	+9.8%	1,4 M €
Total assets	5,8 M €	-6.8%	6,2 M €	-13.0%	7,1 M €	+18.2%	6 M €	+90.5%	3,2 M €	+13.0%	2,8 M €	-1.8%	2,8 M €	-11.5%	3,2 M €	+6.0%	3 M €	+5.9%	2,9 M €	+7.5%	2,7 M €	+1.8%	2,6 M €	+2.7%	2,5 M €	-9.6%	2,8 M €	+18.2%	2,4 M €	-0.9%	2,4 M €	+11.5%	2,2 M €	-0.7%	2,2 M €	+0.5%	2,2 M €
Cash	734,8 k €	+187%	255,9 k €	-84.0%	1,6 M €	+49.4%	1,1 M €	+177%	385,8 k €	-24.9%	513,7 k €	-34.4%	783,5 k €	+34.8%	581,1 k €	+139%	242,8 k €	-43.1%	427 k €	-43.4%	754,3 k €	+47.3%	512,2 k €	+114%	239 k €	+175%	86,9 k €	-26.4%	118 k €	+12.7%	104,8 k €	+35.2%	77,5 k €	-46.0%	143,4 k €	+45.8%	98,4 k €
Debts	3,2 M €	-3.5%	3,4 M €	-10.5%	3,7 M €	+38.7%	2,7 M €	+54.1%	1,8 M €	+121%	794,1 k €	-1.0%	802,4 k €	-30.5%	1,2 M €	+96.0%	589,1 k €	-11.2%	663,4 k €	+1.3%	654,7 k €	-19.0%	808,7 k €	+3.3%	782,7 k €	-25.3%	1 M €	+150%	419,7 k €	-21.9%	537,1 k €	+30.6%	411,2 k €	-31.6%	601,5 k €	-17.7%	730,4 k €
Other
Workforce	18,7 ETP	-3.1%	19,3 ETP	+23.7%	15,6 ETP	-8.8%	17,1 ETP	-14.1%	19,9 ETP	-6.6%	21,3 ETP	-7.0%	22,9 ETP	-5.4%	24,2 ETP	-2.8%	24,9 ETP	-3.5%	25,8 ETP	+4.0%	24,8 ETP	-7.1%	26,7 ETP	+6.0%	25,2 ETP	-0.8%	25,4 ETP	-4.2%	26,5 ETP	-4.3%	27,7 ETP	-3.5%	28,7 ETP	-4.3%	30,0 ETP	+4.9%	28,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 23 ended

Active mandates

Sébastien Peutat

Director · since 10 juin 2025 · until 10 juin 2030

Active

Cédric Maertens

Director · since 21 janvier 2025 · until 10 juin 2030

Active

Philippe Closon

Director · since 21 janvier 2025 · until 10 juin 2030

Active

QHAM

Director · since 21 janvier 2025 · until 10 juin 2030 · 0537.614.382

Represented by Hansenne Quentin

Active

TFR Solutions

Director · since 21 janvier 2025 · until 10 juin 2030 · 0637.747.581

Represented by Fraipont Thomas

Active

Ended mandates

Sébastien Peutat

Director · since 30 août 2023 · until 30 août 2025

Ended

Cédric Maertens

Director · since 21 janvier 2019 · until 21 janvier 2025

Ended

Cédric MAERTENS

Director · since 21 janvier 2019

Ended

Philippe Closon

Director · since 21 janvier 2019 · until 21 janvier 2025

Ended

At this address

Other companies at this address

Company	CBE no.
H PACK● Active	0717.926.692

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	03/08/2026	20/06/2025	29/07/2024	05/07/2023	11/07/2022	06/07/2021
General meeting	08/06/2026	10/06/2025	10/06/2024	12/06/2023	13/06/2022	14/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	08/06/2026	03/08/2026	French	PDF
Abridged model	31/12/2024	10/06/2025	20/06/2025	French	PDF
Abridged model	31/12/2023	10/06/2024	29/07/2024	French	PDF
Abridged model	31/12/2022	12/06/2023	05/07/2023	French	PDF
Abridged model	31/12/2021	13/06/2022	11/07/2022	French	PDF
Abridged model	31/12/2020	14/06/2021	06/07/2021	French	PDF
Abridged model	31/12/2019	08/06/2020	03/07/2020	French	PDF
Abridged model	31/12/2018	13/05/2019	28/06/2019	French	PDF
Abridged model	31/12/2017	11/06/2018	13/07/2018	French	PDF
Abridged model	31/12/2016	12/06/2017	31/08/2017	French	PDF
Abridged model	31/12/2015	13/06/2016	09/08/2016	French	PDF
Abridged model	31/12/2014	08/06/2015	31/08/2015	French	PDF
Abridged model	31/12/2013	10/06/2014	18/08/2014	French	PDF
Abridged model	31/12/2012	10/06/2013	22/08/2013	French	PDF
Abridged model	30/09/2011	12/03/2012	23/05/2012	French	PDF
Abridged model	30/09/2010	14/03/2011	11/05/2011	French	PDF
Abridged model	30/09/2009	08/03/2010	29/03/2010	French	PDF
Abridged model	31/12/2007	07/06/2008	01/07/2008	French	PDF
Full model	31/12/2006	02/06/2007	06/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 23 ended

Active mandates

Sébastien Peutat

Director · since 10 juin 2025 · until 10 juin 2030

Active

Cédric Maertens

Director · since 21 janvier 2025 · until 10 juin 2030

Active

Philippe Closon

Director · since 21 janvier 2025 · until 10 juin 2030

Active

QHAM

Director · since 21 janvier 2025 · until 10 juin 2030 · 0537.614.382

Represented by Hansenne Quentin

Active

TFR Solutions

Director · since 21 janvier 2025 · until 10 juin 2030 · 0637.747.581

Represented by Fraipont Thomas

Active

Ended mandates

Sébastien Peutat

Director · since 30 août 2023 · until 30 août 2025

Ended

Cédric Maertens

Director · since 21 janvier 2019 · until 21 janvier 2025

Ended

Cédric MAERTENS

Director · since 21 janvier 2019

Ended

Philippe Closon

Director · since 21 janvier 2019 · until 21 janvier 2025

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates26/09/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates11/04/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates25/06/2020
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
PDF
Mandates11/02/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates09/01/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates17/10/2012
DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - ANNEE COMPTABLE
PDF
Mandates01/07/2010
DEMISSIONS, NOMINATIONS
PDF
Other21/01/2009
ANNEE COMPTABLE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025262,4 k €↑
2024
Annual accounts 2024-455,1 k €↓
2023
Annual accounts 2023139 k €↓
2022
Annual accounts 20221,4 M €↑
2021
Annual accounts 2021-377,3 k €↓
2020
Annual accounts 2020232,2 k €↓
2019
Annual accounts 2019279,7 k €↑
2018
Annual accounts 2018222,1 k €↓
2017
Annual accounts 2017250,1 k €↑
2016
Annual accounts 2016198,9 k €↓
2015
Annual accounts 2015211,8 k €↑
2014
Annual accounts 2014-14,5 k €↓
2013
Annual accounts 20133,9 k €↓
2012
Annual accounts 201256,7 k €↓
2011
Annual accounts 2011136,2 k €↓
2010
Annual accounts 2010276,3 k €↑
2009
Annual accounts 2009148,6 k €↓
2007
Annual accounts 2007161 k €↑
2006
Annual accounts 2006155,4 k €
01/01/1968
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

X - PACK

Overview

What does X - PACK do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline