ACTIVE

Packwork

Financial year 2024 · closed on 31/12/2024
Net result
10,2 k €
-51.7% YoY
Gross margin
456,8 k €
+336.2% YoY
Equity
33,4 k €
+44.2% YoY

What does Packwork do?

Packwork is a Private limited company incorporated in 2022. Its main activity is: Manufacture of corrugated paper and paperboard and of containers of paper and paperboard. Its registered office is in Anderlecht.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0795.241.038
Incorporation
22/12/2022
Legal form
Private limited company
Registered office
Boulevard Industriel 9
1070 Anderlecht · BruxellesSee on map
Contributed capital
2 000,00 €
Latest accounts
31/12/2024
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debts
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 2 financial years

20242023
Income statement
Gross margin456,8 k €104,7 k €
EBITDA19,6 k €28,7 k €
Operating result19,6 k €27,6 k €
Net result10,2 k €21,1 k €
Balance sheet
Equity33,4 k €23,1 k €
Total assets586,2 k €254,8 k €
Cash22,5 k €19,5 k €
Debts552,9 k €231,5 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 1 ended

Active mandates

Murat Bal

Mandate

Active

Ended mandates

Yusuf Bal

Mandate

Ended
At this address

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Annual accounts

Full financial information

20242023
Type of accountMicro modelMicro model
Start of the financial year01/01/202401/12/2022
Closing of the financial year31/12/202431/12/2023
Length of the financial year12 months13 months
Filing date23/10/202522/10/2025
General meeting16/06/202517/06/2024
Currency of the financial yearEUREUR
NBB quality labelSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

2 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202416/06/202523/10/2025DutchPDF
Micro model31/12/202317/06/202422/10/2025DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 31/12/2024 · 1 active · 1 ended

Active mandates

Murat Bal

Mandate

Active

Ended mandates

Yusuf Bal

Mandate

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates29/09/2025
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates08/11/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office03/09/2024
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other27/12/2022
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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

Timeline

  1. 2024
    Annual accounts 202410,2 k €
  2. 2023
    Annual accounts 202321,1 k €
  3. 22/12/2022
    IncorporationPrivate limited company