ACTIVE

Packwork

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Financial year 2025 · Closed on 31/12/2025

Net result80,2 k €+684,5 %over 1 year
Gross margin795 k €+74,1 %over 1 year
Equity113,5 k €+240,3 %over 1 year

Identity

Source · BCE/KBO

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
31/12/2025
Signals
ProfitablePositive cashflowPositive EBITDA

Financials

Source · NBB, 3 filings

Trend over 3 financial years

202520242023
Income statement
Gross margin795 k €456,8 k €104,7 k €
EBITDA101,4 k €19,6 k €28,7 k €
Operating result99,6 k €19,6 k €27,6 k €
Net result80,2 k €10,2 k €21,1 k €
Balance sheet
Equity113,5 k €33,4 k €23,1 k €
Total assets880,7 k €586,2 k €254,8 k €
Cash56,7 k €22,5 k €19,5 k €
Debts767,2 k €552,9 k €231,5 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 1 ended

Active mandates

DirectorMandates in this companyPeriod
Murat Bal
Mandate

Ended mandates

DirectorMandates in this companyPeriod
Yusuf Bal
Mandate2023 accounts

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Full financial information

Source · NBB
202520242023
Type of accountMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/12/2022
Closing of the financial year31/12/202531/12/202431/12/2023
Length of the financial year12 months12 months13 months
Filing date27/10/202623/10/202522/10/2025
General meeting15/06/202616/06/202517/06/2024
Currency of the financial yearEUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 3 filings
ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202515/06/202627/10/2026DutchPDF
Micro model31/12/202416/06/202523/10/2025DutchPDF
Micro model31/12/202317/06/202422/10/2025DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 1 ended

Active mandates

DirectorMandates in this companyPeriod
Murat Bal
Mandate

Ended mandates

DirectorMandates in this companyPeriod
Yusuf Bal
Mandate2023 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • 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

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts
Year
Identity
Incorporation
Name
Registered office
Annual accounts
Filings3 filings
Mandates
Murat Bal
Yusuf Bal
20222023202420252026
Packwork
Boulevard Industriel 9, 1070 Anderlecht
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Boulevard Industriel 9, 1070 AnderlechtCurrent
accounts 2023 → 2025
Accounts 2025 · 2026-00570185

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
PackworkCurrent
accounts 2023 → 2025
Accounts 2025 · 2026-00570185

Events

  1. 2025
    Annual accounts 202580,2 k €↑
  2. 2024
    Annual accounts 202410,2 k €↓
  3. 2023
    Annual accounts 202321,1 k €
  4. 22/12/2022
    IncorporationPrivate limited company