ACTIVE

PACKO

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Financial year 2025 · closed on 31/12/2025

Net result

348,2 k €

-33.4% YoY

Revenue

27,8 M €

+6.9% YoY

Equity

4,2 M €

-57.4% YoY

Workforce

28,0 ETP

+4.9% YoY

What does PACKO do?

PACKO is a Public limited company incorporated in 1999. Its main activity is: Manufacture of agricultural and forestry machinery. Its registered office is in Zedelgem. It employs on average 28,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0466.492.794

Incorporation

12/07/1999

Legal form

Public limited company

Registered office

Kuilputstraat 64
8210 Zedelgem · FlandreSee on map

Contributed capital

388 358,94 €

Latest accounts

31/12/2025

Average workforce

28,0 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 46610Wholesale of agricultural machinery, equipment and supplies 46610Wholesale of agricultural machinery, equipment and supplies 51880Air transport+6

Joint committees (3)

14904
200
218

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	27,8 M €	+6.9%	26 M €	-5.3%	27,5 M €	+16.5%	23,6 M €	+22.1%	19,3 M €	+3.2%	18,7 M €	-21.7%	23,9 M €	-5.7%	25,3 M €	+11.9%	22,6 M €	+14.4%	19,8 M €	+0.6%	19,7 M €	-13.3%	22,7 M €	+39.5%	16,3 M €	-15.1%	19,2 M €	+2.1%	18,8 M €	+18.3%	15,9 M €	+16.0%	13,7 M €	-25.8%	18,4 M €	+28.3%	14,4 M €	+2.8%	14 M €
EBITDA	199,2 k €	-58.7%	482,2 k €	-64.6%	1,4 M €	+58.4%	859,4 k €	+1.4%	847,3 k €	+40.1%	604,7 k €	-9.3%	666,5 k €	+35.9%	490,6 k €	+42.6%	344 k €	+307%	84,5 k €	+10.2%	76,6 k €	-89.8%	751,7 k €	+1.7%	738,9 k €	-38.6%	1,2 M €	-10.2%	1,3 M €	+52.3%	880,3 k €	+37.4%	640,9 k €	-59.2%	1,6 M €	+76.0%	891,8 k €	+24.6%	716 k €
Operating result	239,8 k €	-47.1%	453,2 k €	-56.2%	1 M €	+64.9%	627,9 k €	+30.6%	480,8 k €	+13.6%	423,3 k €	+34.0%	316 k €	+54.5%	204,5 k €	+158%	79,3 k €	+141%	-191,3 k €	-8.2%	-176,9 k €	-133%	542,9 k €	-10.9%	609,6 k €	-43.8%	1,1 M €	-11.1%	1,2 M €	+58.9%	767,5 k €	+39.4%	550,7 k €	-63.0%	1,5 M €	+81.2%	822,2 k €	+23.6%	665,2 k €
Net result	348,2 k €	-33.4%	523,2 k €	-41.4%	892,4 k €	+48.4%	601,5 k €	+26.7%	474,8 k €	+95.2%	243,2 k €	-35.1%	374,8 k €	+28.0%	292,9 k €	+92.5%	152,1 k €	+155%	59,6 k €	-17.7%	72,4 k €	-88.5%	629,4 k €	-13.6%	728,5 k €	-31.5%	1,1 M €	+0.6%	1,1 M €	+61.3%	655,3 k €	+25.3%	523 k €	-52.2%	1,1 M €	+95.7%	558,6 k €	+7.7%	518,6 k €
Balance sheet
Equity	4,2 M €	-57.4%	9,9 M €	+5.6%	9,3 M €	+10.6%	8,4 M €	+7.7%	7,8 M €	+6.4%	7,4 M €	+3.4%	7,1 M €	+5.6%	6,7 M €	+4.5%	6,5 M €	+2.4%	6,3 M €	+1.0%	6,2 M €	+1.2%	6,2 M €	+11.0%	5,6 M €	-15.9%	6,6 M €	+18.6%	5,6 M €	+22.6%	4,5 M €	+16.8%	3,9 M €	+15.5%	3,4 M €	+48.0%	2,3 M €	+32.5%	1,7 M €
Total assets	15,1 M €	-13.2%	17,4 M €	-3.5%	18 M €	-1.0%	18,2 M €	+17.8%	15,5 M €	+10.9%	13,9 M €	-17.1%	16,8 M €	+16.7%	14,4 M €	-10.7%	16,1 M €	+22.2%	13,2 M €	-12.5%	15,1 M €	-0.9%	15,2 M €	+6.4%	14,3 M €	+7.3%	13,4 M €	-1.2%	13,5 M €	+15.9%	11,7 M €	+9.1%	10,7 M €	-2.2%	10,9 M €	+20.9%	9 M €	+31.4%	6,9 M €
Cash	213,4 k €	+3.4%	206,5 k €	-97.4%	7,9 M €	+79.1%	4,4 M €	+15.9%	3,8 M €	-8.8%	4,2 M €	+3.8%	4 M €	+211%	1,3 M €	-49.4%	2,6 M €	+277%	680,3 k €	+2.4%	664,5 k €	+188%	230,6 k €	-53.9%	499,7 k €	+547%	77,2 k €	-72.1%	276,4 k €	+107%	133,6 k €	+109%	63,9 k €	-43.0%	112,1 k €	+143%	46,2 k €	-18.6%	56,7 k €
Debts	10,5 M €	+44.1%	7,3 M €	-13.1%	8,4 M €	-8.1%	9,1 M €	+31.9%	6,9 M €	+7.2%	6,5 M €	-32.5%	9,6 M €	+33.8%	7,2 M €	-23.1%	9,3 M €	+41.5%	6,6 M €	-21.4%	8,4 M €	-2.0%	8,5 M €	+2.5%	8,3 M €	+32.0%	6,3 M €	-14.9%	7,4 M €	+11.4%	6,7 M €	+2.7%	6,5 M €	-10.7%	7,3 M €	+11.0%	6,5 M €	+30.6%	5 M €
Other
Workforce	28,0 ETP	+4.9%	26,7 ETP	+2.7%	26,0 ETP	0.0%	26,0 ETP	+1.6%	25,6 ETP	+2.0%	25,1 ETP	-15.8%	29,8 ETP	-13.4%	34,4 ETP	+3.3%	33,3 ETP	+5.0%	31,7 ETP	+12.0%	28,3 ETP	-3.4%	29,3 ETP	+61.9%	18,1 ETP	-7.2%	19,5 ETP	-12.9%	22,4 ETP	-1.8%	22,8 ETP	+0.4%	22,7 ETP	+1.8%	22,3 ETP	+2.8%	21,7 ETP	+2.8%	21,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 42 ended

Active mandates

koeman Pieter Dirk

Mandate

Active

Royal Reesink BV BO

Mandate

Active

Ended mandates

Pieter Dirk Koeman

Managing director · since 04 juin 2018 · until 31 mai 2024

Ended

Roon Hylkema

Managing director · since 04 juin 2018 · until 22 décembre 2019

Ended

Roon Hylkema

Managing director · since 04 juin 2018 · until 31 mai 2024

Ended

Royal Reesink B.V. BO

Director · since 04 juin 2018 · until 31 mai 2024

Represented by Gerrit van der Scheer

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	19/06/2026	18/11/2025	24/07/2024	18/12/2023	07/06/2023	30/06/2021
General meeting	05/06/2026	22/07/2025	05/07/2024	30/11/2023	03/05/2023	31/05/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	05/06/2026	19/06/2026	Dutch	PDF
Full modelCorrection	31/12/2024	22/07/2025	18/11/2025	Dutch	PDF
Full model	31/12/2024	22/07/2025	22/07/2025	Dutch	PDF
Full model	31/12/2023	05/07/2024	24/07/2024	Dutch	PDF
Full model	31/12/2022	30/11/2023	18/12/2023	Dutch	PDF
Full model	31/12/2021	03/05/2023	07/06/2023	Dutch	PDF
Full model	31/12/2020	31/05/2021	30/06/2021	Dutch	PDF
Full model	31/12/2019	31/05/2020	29/06/2020	Dutch	PDF
Full model	31/12/2018	31/05/2019	05/06/2019	Dutch	PDF
Full model	31/12/2017	04/06/2018	25/06/2018	Dutch	PDF
Full model	31/12/2016	31/05/2017	29/06/2017	Dutch	PDF
Full model	31/12/2015	31/05/2016	08/06/2016	Dutch	PDF
Full model	31/12/2014	01/06/2015	16/06/2015	Dutch	PDF
Full model	31/12/2013	30/06/2014	16/07/2014	Dutch	PDF
Full model	31/12/2012	31/05/2013	20/06/2013	Dutch	PDF
Full model	31/12/2011	31/05/2012	28/06/2012	Dutch	PDF
Full model	31/12/2010	31/05/2011	21/06/2011	Dutch	PDF
Full model	31/12/2009	31/05/2010	29/06/2010	Dutch	PDF
Full model	31/12/2008	09/05/2009	09/06/2009	Dutch	PDF
Full model	31/12/2007	14/05/2008	06/06/2008	Dutch	PDF
Full model	31/12/2006	16/05/2007	25/05/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 · 2 active · 42 ended

Active mandates

koeman Pieter Dirk

Mandate

Active

Royal Reesink BV BO

Mandate

Active

Ended mandates

Pieter Dirk Koeman

Managing director · since 04 juin 2018 · until 31 mai 2024

Ended

Roon Hylkema

Managing director · since 04 juin 2018 · until 22 décembre 2019

Ended

Roon Hylkema

Managing director · since 04 juin 2018 · until 31 mai 2024

Ended

Royal Reesink B.V. BO

Director · since 04 juin 2018 · until 31 mai 2024

Represented by Gerrit van der Scheer

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/03/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/03/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/12/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/10/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/01/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/11/2019
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/05/2019
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 2025348,2 k €↓
2024
Annual accounts 2024523,2 k €↓
2023
Annual accounts 2023892,4 k €↑
2022
Annual accounts 2022601,5 k €↑
2021
Annual accounts 2021474,8 k €↑
2020
Annual accounts 2020243,2 k €↓
2019
Annual accounts 2019374,8 k €↑
2018
Annual accounts 2018292,9 k €↑
2017
Annual accounts 2017152,1 k €↑
2016
Annual accounts 201659,6 k €↓
2015
Annual accounts 201572,4 k €↓
2014
Annual accounts 2014629,4 k €↓
2013
Annual accounts 2013728,5 k €↓
2012
Annual accounts 20121,1 M €↑
2011
Annual accounts 20111,1 M €↑
2010
Annual accounts 2010655,3 k €↑
2009
Annual accounts 2009523 k €↓
2008
Annual accounts 20081,1 M €↑
2007
Annual accounts 2007558,6 k €↑
2006
Annual accounts 2006518,6 k €
12/07/1999
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

PACKO

Overview

What does PACKO do?

Trend over 20 financial years

Indicative valuation

Board of directors

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