OPENING OF BANKRUPTCY

PACKO COOLING

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Financial year 2017 · closed on 31/12/2017

Net result

2,5 M €

+179.0% YoY

Revenue

44 M €

+6.7% YoY

Equity

12,8 M €

+0.3% YoY

Workforce

239,8 ETP

-5.5% YoY

Company — Opening of bankruptcy.

What does PACKO COOLING do?

PACKO COOLING is a Private limited company incorporated in 1964. Its main activity is: Manufacture of agricultural and forestry machinery. Its registered office is in Zedelgem. It employs on average 239,8 ETP workers (FTE).

Legal situation

● Opening of bankruptcy

BCE/KBO no. / VAT

BE 0405.130.792

Incorporation

10/03/1964

Legal form

Private limited company

Registered office

Torhoutsesteenweg 154
8210 Zedelgem · FlandreSee on map

Latest accounts

31/12/2017

Average workforce

239,8 ETP

Activities (NACE)

28300Manufacture of agricultural and forestry machinery· main 28300Manufacture of agricultural and forestry machinery 29321Manufacture of other parts and accessories for motor vehicles 25220Manufacture of tanks, reservoirs and containers of metal 25290Manufacture of other tanks, reservoirs and containers of metal 28250Manufacture of non-domestic cooling and ventilation equipment+3

Joint committees (2)

Contacts

2 public details availableLog in to view

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 10 financial years

	2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Revenue	44 M €	+6.7%	41,2 M €	-10.6%	46,1 M €	+9.6%	42,1 M €	+8.9%	38,6 M €	-10.1%	43 M €	+8.7%	39,6 M €	+12.0%	35,3 M €	+8.3%	32,6 M €	-29.9%	46,5 M €
EBITDA	5,1 M €	+98.6%	2,6 M €	-2.8%	2,7 M €	-8.5%	2,9 M €	+14.2%	2,5 M €	+18.7%	2,1 M €	-0.4%	2,2 M €	-11.8%	2,4 M €	+59.3%	1,5 M €	-24.2%	2 M €
Operating result	3,5 M €	+117%	1,6 M €	-19.7%	2 M €	-8.5%	2,2 M €	+68.9%	1,3 M €	+6.0%	1,2 M €	-24.2%	1,6 M €	+27.6%	1,3 M €	-10.1%	1,4 M €	-27.3%	2 M €
Net result	2,5 M €	+179%	907,8 k €	-45.3%	1,7 M €	+0.2%	1,7 M €	+122%	745,7 k €	-47.2%	1,4 M €	-2.7%	1,5 M €	+29.7%	1,1 M €	-17.3%	1,4 M €	-11.4%	1,5 M €
Balance sheet
Equity	12,8 M €	+0.3%	12,8 M €	+7.6%	11,9 M €	+11.9%	10,6 M €	+6.6%	10 M €	+0.1%	10 M €	-0.9%	10,1 M €	+4.7%	9,6 M €	+13.2%	8,5 M €	+13.4%	7,5 M €
Total assets	25,1 M €	+4.5%	24,1 M €	-10.9%	27 M €	+18.9%	22,7 M €	+9.8%	20,7 M €	-4.7%	21,7 M €	-4.3%	22,7 M €	+3.9%	21,8 M €	+15.1%	19 M €	-18.2%	23,2 M €
Cash	3,6 k €	-99.6%	1 M €	-51.9%	2,1 M €	+21.1%	1,7 M €	+15.9%	1,5 M €	+1.8%	1,5 M €	+31.6%	1,1 M €	-39.3%	1,8 M €	+69.6%	1,1 M €	-45.4%	2 M €
Debts	11,9 M €	+11.2%	10,7 M €	-26.3%	14,5 M €	+27.8%	11,3 M €	+16.9%	9,7 M €	-12.5%	11,1 M €	-8.0%	12 M €	+4.0%	11,6 M €	+20.1%	9,6 M €	-34.0%	14,6 M €
Other
Workforce	239,8 ETP	-5.5%	253,7 ETP	+2.0%	248,7 ETP	+5.2%	236,4 ETP	-1.7%	240,5 ETP	+3.6%	232,2 ETP	-2.4%	237,8 ETP	-6.0%	253,0 ETP	-5.0%	266,2 ETP	+0.8%	264,1 ETP

Governance

Board of directors

Seen on filing of 31/12/2017 · 5 active · 20 ended

Active mandates

RENAAT VANHEESSEN

Managing director · since 06 avril 2018 · until 31 mai 2020

Active

JOHAN GERRIT HOORNEMAN

Director · since 04 août 2015 · until 31 mai 2020

Active

DANNY MAENHOUT

Director · since 01 juin 2014 · until 05 avril 2018

Active

HERWIG VERHOYEN

Director · since 01 juin 2014 · until 05 avril 2018

Active

JOHAN AMEEL CONSULTING, CHANGE AND INTERIM MANAGEMENT

Managing director · since 01 juin 2014 · until 01 décembre 2017 · 0867.394.685

Represented by JOHAN AMEEL

Active

Ended mandates

DANNY MAENHOUT

Director · since 01 juin 2014 · until 31 mai 2020

Ended

HERWIG VERHOYEN

Director · since 01 juin 2014 · until 31 mai 2020

Ended

JOHAN AMEEL CONSULTING, CHANGE AND INTERIM MANAGEMENT

Managing director · since 01 juin 2014 · until 31 mai 2020 · 0867.394.685

Represented by JOHAN AMEEL

Ended

RICHARD LANCASTER

Director · since 01 juin 2014 · until 04 novembre 2014

Ended

At this address

Other companies at this address

Company	CBE no.
Glasdeurenonline.be● Active	1011.429.292
VOORZORGSFONDS VOOR DE KADERLEDEN VAN DE GROEP PACKO - INTERNATIONAL● Liquidation	0428.655.767

Annual accounts

Full financial information

	2021	2020	2019	2018	2017	2016
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2021	01/01/2020	01/01/2019	01/01/2018	01/01/2017	01/01/2016
Closing of the financial year	31/12/2021	31/12/2020	31/12/2019	31/12/2018	31/12/2017	31/12/2016
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	19/07/2022	23/06/2021	14/05/2020	25/07/2019	13/07/2018	23/08/2017
General meeting	13/07/2022	31/05/2021	13/05/2020	04/06/2019	31/05/2018	31/05/2017
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

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2021	13/07/2022	19/07/2022	Dutch	PDF
Full model	31/12/2020	31/05/2021	23/06/2021	Dutch	PDF
Full model	31/12/2019	13/05/2020	14/05/2020	Dutch	PDF
Full model	31/12/2018	04/06/2019	25/07/2019	Dutch	PDF
Full model	31/12/2017	31/05/2018	13/07/2018	Dutch	PDF
Full model	31/12/2016	31/05/2017	23/08/2017	Dutch	PDF
Full model	31/12/2015	31/05/2016	30/06/2016	Dutch	PDF
Full model	31/12/2014	01/06/2015	31/08/2015	Dutch	PDF
Full model	31/12/2013	30/05/2014	16/07/2014	Dutch	PDF
Full modelCorrection	31/12/2012	31/05/2013	07/04/2014	Dutch	PDF
Full model	31/12/2012	31/05/2013	21/08/2013	Dutch	PDF
Full model	31/12/2011	31/05/2012	19/06/2012	Dutch	PDF
Full model	31/12/2010	31/05/2011	29/06/2011	Dutch	PDF
Full model	31/12/2009	31/05/2010	29/06/2010	Dutch	PDF
Full model	31/12/2008	02/06/2009	18/06/2009	Dutch	PDF
Full model	31/12/2007	31/05/2008	26/06/2008	Dutch	PDF
Full model	31/12/2006	25/05/2007	29/06/2007	Dutch	PDF

Estimate

Indicative valuation

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 31/12/2017 · 5 active · 20 ended

Active mandates

RENAAT VANHEESSEN

Managing director · since 06 avril 2018 · until 31 mai 2020

Active

JOHAN GERRIT HOORNEMAN

Director · since 04 août 2015 · until 31 mai 2020

Active

DANNY MAENHOUT

Director · since 01 juin 2014 · until 05 avril 2018

Active

HERWIG VERHOYEN

Director · since 01 juin 2014 · until 05 avril 2018

Active

JOHAN AMEEL CONSULTING, CHANGE AND INTERIM MANAGEMENT

Managing director · since 01 juin 2014 · until 01 décembre 2017 · 0867.394.685

Represented by JOHAN AMEEL

Active

Ended mandates

DANNY MAENHOUT

Director · since 01 juin 2014 · until 31 mai 2020

Ended

HERWIG VERHOYEN

Director · since 01 juin 2014 · until 31 mai 2020

Ended

JOHAN AMEEL CONSULTING, CHANGE AND INTERIM MANAGEMENT

Managing director · since 01 juin 2014 · until 31 mai 2020 · 0867.394.685

Represented by JOHAN AMEEL

Ended

RICHARD LANCASTER

Director · since 01 juin 2014 · until 04 novembre 2014

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other30/06/2022
BENAMING
PDF
Other17/05/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates10/01/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/04/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/12/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/11/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/10/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/06/2018
ONTSLAGEN - BENOEMINGEN
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

2017
Annual accounts 20172,5 M €↑
2017
Name changeFULLWOOD PACKO
2016
Annual accounts 2016907,8 k €↓
2015
Annual accounts 20151,7 M €↑
2014
Annual accounts 20141,7 M €↑
2013
Annual accounts 2013745,7 k €↓
2012
Annual accounts 20121,4 M €↓
2011
Annual accounts 20111,5 M €↑
2010
Annual accounts 20101,1 M €↓
2009
Annual accounts 20091,4 M €↓
2008
Annual accounts 20081,5 M €
2008
Name changePACKO INOX
10/03/1964
IncorporationPrivate 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

PACKO COOLING

Overview

What does PACKO COOLING do?

Trend over 10 financial years

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