ACTIVE

MILPAK

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Financial year 2025 · closed on 31/12/2025

Net result

229,8 k €

+60.2% YoY

Gross margin

737,6 k €

+12.3% YoY

Equity

871,1 k €

+12.2% YoY

What does MILPAK do?

MILPAK is a Private limited company incorporated in 1987. Its main activity is: Other professional, scientific and technical activities. Its registered office is in Kruisem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0430.719.293

Incorporation

24/03/1987

Legal form

Private limited company

Registered office

Kazerneweg(KRU) 2 box B000
9770 Kruisem · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Activities (NACE)

74820Other professional, scientific and technical activities· main 82920Packaging activities 82920Packaging activities

Joint committees (4)

136
13600
222
22200

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		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	737,6 k €	+12.3%	656,8 k €	+20.3%	545,9 k €	-24.1%	719,4 k €	+64.0%	438,7 k €	+17.8%	372,4 k €	+23.4%	301,7 k €	-8.2%	328,5 k €	+111%	155,4 k €	-29.8%	221,3 k €	-13.0%	254,4 k €	+13.8%	223,5 k €	+12.7%	198,3 k €	-7.4%	214,2 k €	+19.8%	178,8 k €	+5.6%	169,3 k €	+16.6%	145,2 k €	-22.0%	186,2 k €	+42.3%	130,8 k €
EBITDA	492,8 k €	+13.7%	433,5 k €	+31.9%	328,6 k €	-37.2%	523,1 k €	+83.9%	284,4 k €	+13.8%	249,9 k €	+25.5%	199,1 k €	-15.9%	236,9 k €	+118%	108,9 k €	-38.0%	175,6 k €	-0.3%	176,1 k €	+18.6%	148,5 k €	+12.6%	131,9 k €	-8.8%	144,6 k €	+29.7%	111,5 k €	-9.5%	123,2 k €	+35.0%	91,3 k €	-11.5%	103,2 k €	+61.9%	63,7 k €
Operating result	345,8 k €	+56.2%	221,3 k €	+70.1%	130,1 k €	-64.3%	364,9 k €	+173%	133,5 k €	+38.0%	96,7 k €	+22.4%	79 k €	-49.9%	157,8 k €	+245%	45,7 k €	-57.4%	107,1 k €	+7.5%	99,7 k €	+43.0%	69,7 k €	+31.1%	53,1 k €	-23.7%	69,6 k €	-3.0%	71,8 k €	-15.4%	84,9 k €	+59.2%	53,3 k €	-20.8%	67,3 k €	+193%	23 k €
Net result	229,8 k €	+60.2%	143,4 k €	+80.3%	79,5 k €	-67.2%	242,1 k €	+173%	88,8 k €	+20.4%	73,7 k €	+19.9%	61,5 k €	-36.5%	96,8 k €	+206%	31,7 k €	-50.3%	63,8 k €	+10.0%	57,9 k €	+44.1%	40,2 k €	+30.0%	30,9 k €	-30.0%	44,2 k €	-2.7%	45,4 k €	-15.6%	53,7 k €	+42.7%	37,7 k €	-14.1%	43,9 k €	+188%	15,2 k €
Balance sheet
Equity	871,1 k €	+12.2%	776,6 k €	+22.6%	633,2 k €	-2.7%	650,5 k €	+47.8%	440 k €	+25.6%	350,2 k €	+4.7%	334,5 k €	-30.7%	483 k €	+25.1%	386,1 k €	+8.9%	354,5 k €	+21.9%	290,7 k €	+24.9%	232,8 k €	-8.4%	254,1 k €	-21.4%	323,1 k €	+15.8%	279 k €	+19.4%	233,6 k €	+29.9%	179,8 k €	+26.5%	142,2 k €	-10.2%	158,3 k €
Total assets	1,7 M €	+10.4%	1,5 M €	+1.6%	1,5 M €	-5.8%	1,6 M €	+7.4%	1,5 M €	-15.1%	1,8 M €	+84.6%	956,6 k €	+10.3%	867,3 k €	+17.0%	741,6 k €	+8.3%	684,5 k €	+7.2%	638,4 k €	+0.6%	634,5 k €	-10.2%	706,3 k €	-2.4%	723,4 k €	+32.7%	545,1 k €	+3.7%	525,5 k €	+32.9%	395,6 k €	+36.5%	289,8 k €	+1.3%	286,2 k €
Cash	372,1 k €	+102%	183,8 k €	+18.3%	155,4 k €	-20.7%	196 k €	+257%	54,9 k €	-85.5%	379,7 k €	+143%	156,1 k €	+78.0%	87,7 k €	-11.0%	98,6 k €	-16.8%	118,5 k €	+6.5%	111,3 k €	+69.6%	65,6 k €	+49.2%	44 k €	-33.4%	66,1 k €	+54.0%	42,9 k €	-30.0%	61,2 k €	-34.6%	93,7 k €	+243%	27,3 k €	+28991%	94 €
Debts	824,6 k €	+7.9%	764,1 k €	-13.5%	883,3 k €	-7.9%	959 k €	-8.9%	1,1 M €	-25.6%	1,4 M €	+127%	622,2 k €	+62.8%	382,2 k €	+8.2%	353,3 k €	+7.7%	327,9 k €	-5.1%	345,5 k €	-13.5%	399,6 k €	-11.2%	450,1 k €	+13.0%	398,1 k €	+49.9%	265,6 k €	-8.7%	290,9 k €	+34.8%	215,7 k €	+110%	102,7 k €	-18.2%	125,5 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		1,1 ETP	-50.0%	2,2 ETP	+10.0%	2,0 ETP	+11.1%	1,8 ETP	-10.0%	2,0 ETP	0.0%	2,0 ETP	-4.8%	2,1 ETP	-25.0%	2,8 ETP	+12.0%	2,5 ETP	0.0%	2,5 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 · 1 active · 3 ended

Active mandates

RIK VERSCHUERE

Director

Active

Ended mandates

Rik Verschuere

Manager · since 01 janvier 2007

Ended

Liliane Van Hooteghem

Manager · until 31 décembre 2006

Ended

Rik Verschuere

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
Atelier Dehaene Seynaeve● Active	0757.564.555

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Micro model	Micro model	Micro 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	22/07/2026	28/08/2025	26/07/2024	25/07/2023	02/07/2022	22/06/2021
General meeting	15/06/2026	18/08/2025	30/06/2024	30/06/2023	15/06/2022	15/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	15/06/2026	22/07/2026	Dutch	PDF
Abridged model	31/12/2024	18/08/2025	28/08/2025	Dutch	PDF
Abridged model	31/12/2023	30/06/2024	26/07/2024	Dutch	PDF
Micro model	31/12/2022	30/06/2023	25/07/2023	Dutch	PDF
Micro model	31/12/2021	15/06/2022	02/07/2022	Dutch	PDF
Micro model	31/12/2020	15/06/2021	22/06/2021	Dutch	PDF
Micro model	31/12/2019	15/09/2020	23/10/2020	Dutch	PDF
Micro model	31/12/2018	23/08/2019	28/08/2019	Dutch	PDF
Micro model	31/12/2017	15/06/2018	17/08/2018	Dutch	PDF
Micro model	31/12/2016	20/09/2017	28/09/2017	Dutch	PDF
Abridged model	31/12/2015	20/07/2016	18/08/2016	Dutch	PDF
Abridged model	31/12/2014	04/09/2015	11/09/2015	Dutch	PDF
Abridged model	31/12/2013	27/08/2014	29/08/2014	Dutch	PDF
Abridged model	31/12/2012	05/09/2013	24/09/2013	Dutch	PDF
Abridged model	31/12/2011	25/09/2012	28/09/2012	Dutch	PDF
Abridged model	31/12/2010	15/06/2011	14/07/2011	Dutch	PDF
Abridged model	31/12/2009	26/10/2010	29/10/2010	Dutch	PDF
Abridged model	31/12/2008	12/11/2009	18/11/2009	Dutch	PDF
Abridged model	31/12/2007	15/06/2008	19/08/2008	Dutch	PDF
Abridged model	31/12/2006	15/06/2007	17/07/2007	Dutch	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 · 1 active · 3 ended

Active mandates

RIK VERSCHUERE

Director

Active

Ended mandates

Rik Verschuere

Manager · since 01 janvier 2007

Ended

Liliane Van Hooteghem

Manager · until 31 décembre 2006

Ended

Rik Verschuere

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates01/12/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/02/2018
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares27/01/2014
KAPITAAL - AANDELEN
PDF
Mandates25/05/2010
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares18/07/2007
ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates21/02/2007
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

2025
Annual accounts 2025229,8 k €↑
2024
Annual accounts 2024143,4 k €↑
2023
Annual accounts 202379,5 k €↓
2022
Annual accounts 2022242,1 k €↑
2021
Annual accounts 202188,8 k €↑
2019
Annual accounts 201973,7 k €↑
2018
Annual accounts 201861,5 k €↓
2017
Annual accounts 201796,8 k €↑
2016
Annual accounts 201631,7 k €↓
2015
Annual accounts 201563,8 k €↑
2014
Annual accounts 201457,9 k €↑
2013
Annual accounts 201340,2 k €↑
2012
Annual accounts 201230,9 k €↓
2011
Annual accounts 201144,2 k €↓
2010
Annual accounts 201045,4 k €↓
2009
Annual accounts 200953,7 k €↑
2008
Annual accounts 200837,7 k €↓
2007
Annual accounts 200743,9 k €↑
2006
Annual accounts 200615,2 k €
24/03/1987
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

MILPAK

Overview

What does MILPAK 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