NORMAL SITUATION

PACKAGING PARTNERS

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Financial year 2021 · closed on 31/12/2021

Net result

64,2 k €

-75.1% YoY

Revenue

1,7 M €

+0.4% YoY

Equity

759 k €

+15.3% YoY

Workforce

12,3 ETP

-12.1% YoY

Company — Normal situation.

What does PACKAGING PARTNERS do?

PACKAGING PARTNERS is a company registered in Belgium. It employs on average 12,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0450.322.104

Legal form

Public limited company

Contributed capital

75 000,00 €

Latest accounts

31/12/2021

Average workforce

12,3 ETP

Joint committees (2)

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	1,7 M €	+0.4%	1,6 M €	+4.1%	1,6 M €	+15.6%	1,4 M €	+23.7%	1,1 M €	+4.0%	1,1 M €	-14.3%	1,2 M €	-2.1%	1,3 M €	+17.5%	1,1 M €	-15.4%	1,3 M €	+76.7%	721,7 k €	-16.8%	867,2 k €	-14.7%	1 M €	+9.5%	928,8 k €	-9.3%	1 M €
EBITDA	121 k €	-67.4%	371,6 k €	-8.1%	404,4 k €	-7.6%	437,4 k €	+48.1%	295,4 k €	+51.6%	194,9 k €	-31.1%	283 k €	-0.6%	284,8 k €	+55.6%	183 k €	-28.0%	254,1 k €	+208%	82,5 k €	-41.3%	140,5 k €	-37.2%	223,8 k €	+78.5%	125,4 k €	-28.4%	175,1 k €
Operating result	108,6 k €	-70.6%	369,4 k €	-6.9%	396,8 k €	-7.2%	427,5 k €	+49.4%	286,2 k €	+57.8%	181,4 k €	-33.1%	271 k €	-2.0%	276,6 k €	+53.0%	180,8 k €	-25.4%	242,3 k €	+249%	69,4 k €	-47.2%	131,5 k €	-35.0%	202,4 k €	+47.0%	137,7 k €	+6.0%	130 k €
Net result	64,2 k €	-75.1%	257,9 k €	-6.7%	276,5 k €	-2.0%	282 k €	+50.6%	187,3 k €	+59.3%	117,6 k €	-33.0%	175,4 k €	-1.0%	177,1 k €	+52.2%	116,3 k €	-26.1%	157,3 k €	+254%	44,4 k €	-48.9%	86,8 k €	-35.9%	135,4 k €	+50.5%	90 k €	-1.5%	91,4 k €
Balance sheet
Equity	759 k €	+15.3%	658 k €	-53.0%	1,4 M €	+24.6%	1,1 M €	+33.5%	841,6 k €	+28.6%	654,3 k €	+21.9%	536,7 k €	+48.5%	361,4 k €	+96.1%	184,3 k €	+0.2%	184 k €	+0.2%	183,6 k €	+0.2%	183,2 k €	+0.5%	182,4 k €	+0.2%	182 k €	+0.0%	182 k €
Total assets	1,2 M €	+5.6%	1,1 M €	-36.5%	1,7 M €	+32.2%	1,3 M €	+22.1%	1,1 M €	+12.2%	951,2 k €	+9.2%	870,7 k €	+41.8%	613,9 k €	+21.0%	507,3 k €	-22.0%	650,7 k €	+73.5%	375,1 k €	-0.9%	378,4 k €	-22.2%	486,1 k €	+5.3%	461,6 k €	-7.5%	499 k €
Cash	101,8 k €	-85.3%	692,8 k €	-40.2%	1,2 M €	+40.6%	823,7 k €	+16.4%	707,6 k €	+19.3%	593,1 k €	+29.1%	459,5 k €	+73.2%	265,4 k €	+83.5%	144,6 k €	+49.6%	96,7 k €	-28.9%	136,1 k €	-36.8%	215,3 k €	+2.6%	209,9 k €	+31.0%	160,2 k €	-23.0%	207,9 k €
Debts	393,6 k €	-9.7%	435,7 k €	+35.0%	322,7 k €	+79.9%	179,4 k €	-20.3%	225,3 k €	-24.1%	296,9 k €	-11.1%	333,9 k €	+32.9%	251,3 k €	-21.9%	321,7 k €	-30.5%	462,7 k €	+153%	182,9 k €	-0.8%	184,4 k €	-36.4%	289,9 k €	+10.3%	262,9 k €	-5.7%	278,9 k €
Other
Workforce	12,3 ETP	-12.1%	14,0 ETP	+28.4%	10,9 ETP	+18.5%	9,2 ETP	+12.2%	8,2 ETP	-6.8%	8,8 ETP	-7.4%	9,5 ETP	+2.2%	9,3 ETP	+38.8%	6,7 ETP	+17.5%	5,7 ETP	+3.6%	5,5 ETP	-19.1%	6,8 ETP	+4.6%	6,5 ETP	-23.5%	8,5 ETP	+10.4%	7,7 ETP

Governance

Board of directors

Seen on filing of 31/12/2021 · 2 active · 51 ended

Active mandates

FORESCO GROUP

Managing director · since 29 septembre 2020 · until 18 mai 2026 · 0738.732.204

Represented by Cédric De Quinnemar

Active

Jan Ponnet

Managing director · since 29 septembre 2020 · until 18 mai 2026

Active

Ended mandates

Frederik Egbert Frank Faber

Director · since 02 janvier 2018 · until 20 mai 2019

Ended

Frederik Egbert Frank Faber

Director · since 02 janvier 2018 · until 16 mai 2022

Ended

Faber Halberstma Groep BV

Director · since 01 août 2017 · until 20 mai 2019

Represented by Constantijn Marie Franciscus Peeters

Ended

Faber Halberstma Groep BV

Director · since 01 août 2017 · until 16 mai 2022

Represented by Constantijn Marie Franciscus Peeters

Ended

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	23/05/2022	13/12/2021	14/07/2020	03/06/2019	13/06/2018	30/05/2017
General meeting	27/04/2022	07/06/2021	15/06/2020	20/05/2019	22/05/2018	15/05/2017
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	27/04/2022	23/05/2022	Dutch	PDF
Full modelCorrection	31/12/2020	07/06/2021	13/12/2021	Dutch	PDF
Full model	31/12/2020	07/06/2021	28/07/2021	Dutch	PDF
Full model	31/12/2019	15/06/2020	14/07/2020	Dutch	PDF
Full model	31/12/2018	20/05/2019	03/06/2019	Dutch	PDF
Full model	31/12/2017	22/05/2018	13/06/2018	Dutch	PDF
Full model	31/12/2016	15/05/2017	30/05/2017	Dutch	PDF
Full model	31/12/2015	17/05/2016	13/06/2016	Dutch	PDF
Full model	31/12/2014	18/05/2015	01/06/2015	Dutch	PDF
Full model	31/12/2013	19/05/2014	11/06/2014	Dutch	PDF
Full model	31/12/2012	21/05/2013	05/06/2013	Dutch	PDF
Full model	31/12/2011	21/05/2012	12/06/2012	Dutch	PDF
Full model	31/12/2010	16/05/2011	31/05/2011	Dutch	PDF
Full model	31/12/2009	17/05/2010	01/06/2010	Dutch	PDF
Full model	31/12/2008	18/05/2009	11/06/2009	Dutch	PDF
Full model	31/12/2007	19/05/2008	09/06/2008	Dutch	PDF
Full model	31/12/2006	21/05/2007	25/06/2007	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 31/12/2021 · 2 active · 51 ended

Active mandates

FORESCO GROUP

Managing director · since 29 septembre 2020 · until 18 mai 2026 · 0738.732.204

Represented by Cédric De Quinnemar

Active

Jan Ponnet

Managing director · since 29 septembre 2020 · until 18 mai 2026

Active

Ended mandates

Frederik Egbert Frank Faber

Director · since 02 janvier 2018 · until 20 mai 2019

Ended

Frederik Egbert Frank Faber

Director · since 02 janvier 2018 · until 16 mai 2022

Ended

Faber Halberstma Groep BV

Director · since 01 août 2017 · until 20 mai 2019

Represented by Constantijn Marie Franciscus Peeters

Ended

Faber Halberstma Groep BV

Director · since 01 août 2017 · until 16 mai 2022

Represented by Constantijn Marie Franciscus Peeters

Ended

Shareholders

Ownership and network

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Competition

Similar companies

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

See the Business plan

2021
Annual accounts 202164,2 k €↓
2019
Annual accounts 2019257,9 k €↓
2018
Annual accounts 2018276,5 k €↓
2017
Annual accounts 2017282 k €↑
2016
Annual accounts 2016187,3 k €↑
2015
Annual accounts 2015117,6 k €↓
2014
Annual accounts 2014175,4 k €↓
2013
Annual accounts 2013177,1 k €↑
2012
Annual accounts 2012116,3 k €↓
2011
Annual accounts 2011157,3 k €↑
2010
Annual accounts 201044,4 k €↓
2009
Annual accounts 200986,8 k €↓
2008
Annual accounts 2008135,4 k €↑
2007
Annual accounts 200790 k €↓
2006
Annual accounts 200691,4 k €

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

PACKAGING PARTNERS

Overview

What does PACKAGING PARTNERS do?

Trend over 15 financial years

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Similar companies

Similar companies

Timeline