ACTIVE

PROPAC

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Financial year 2024 · closed on 31/12/2024

Net result

92,2 k €

+153.2% YoY

Gross margin

198 k €

+544.9% YoY

Equity

438,1 k €

+26.6% YoY

Workforce

1,5 ETP

+50.0% YoY

What does PROPAC do?

PROPAC is a Cooperative society incorporated in 2009. Its main activity is: Manufacture of corrugated paper and paperboard and of containers of paper and paperboard. Its registered office is in Liège. It employs on average 1,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0812.158.927

Incorporation

09/06/2009

Legal form

Cooperative society

Registered office

Rue Ernest-Solvay 376
4000 Liège · WallonieSee on map

Contributed capital

600 000,00 €

Latest accounts

31/12/2024

Average workforce

1,5 ETP

Activities (NACE)

17210Manufacture of corrugated paper and paperboard and of containers of paper and paperboard· main 17210Manufacture of corrugated paper and paperboard and of containers of paper and paperboard 52250Support activities for transportation 52290Other transportation support activities

Joint committees (2)

Contacts

2 public details availableLog in to view

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010
Income statement
Gross margin	198 k €	+545%	-44,5 k €	-128%	158,9 k €	-2.9%	163,6 k €	+177%	59 k €	-39.5%	97,5 k €	+136%	41,2 k €	-64.6%	116,4 k €	+62.8%	71,5 k €	-37.7%	114,7 k €	-49.5%	227 k €	+112%	107,3 k €	-52.7%	227 k €	+194%	77,3 k €	+1131%	6,3 k €
EBITDA	126,9 k €	+152%	-242,6 k €	-5952%	4,1 k €	-84.5%	26,7 k €	+526%	-6,3 k €	-112%	53,9 k €	-2.0%	55 k €	+593%	-11,1 k €	+60.3%	-28,1 k €	-140%	69,8 k €	-61.9%	183,1 k €	+160%	70,5 k €	-62.3%	187 k €	+185%	65,5 k €	+982%	6,1 k €
Operating result	93,3 k €	+152%	-177,9 k €	-236%	-52,9 k €	-120%	-24,1 k €	+13.3%	-27,7 k €	-180%	34,8 k €	-8.1%	37,9 k €	+176%	13,7 k €	+45.5%	9,4 k €	+333%	-4 k €	-102%	163,8 k €	+81.8%	90,1 k €	-43.7%	160 k €	+2860%	5,4 k €	+2.6%	5,3 k €
Net result	92,2 k €	+153%	-173,1 k €	-215%	-54,9 k €	-107%	-26,5 k €	+4.3%	-27,7 k €	-199%	28,1 k €	+15.5%	24,3 k €	+140%	10,1 k €	+50.5%	6,7 k €	-8.1%	7,3 k €	-93.4%	111,7 k €	+84.6%	60,5 k €	-38.5%	98,5 k €	+1875%	5 k €	-15.2%	5,9 k €
Balance sheet
Equity	438,1 k €	+26.6%	345,9 k €	-33.3%	519 k €	-9.6%	573,9 k €	-4.4%	600,4 k €	+25.6%	478,2 k €	+6.2%	450,1 k €	+5.7%	425,8 k €	+2.4%	415,7 k €	+1.6%	408,9 k €	+1.8%	401,6 k €	+38.6%	289,9 k €	+26.4%	229,3 k €	+75.2%	130,9 k €	+4.0%	125,9 k €
Total assets	2,7 M €	+48.1%	1,8 M €	-35.8%	2,8 M €	-13.3%	3,3 M €	-3.1%	3,4 M €	-5.1%	3,5 M €	-10.0%	3,9 M €	+5.9%	3,7 M €	+25.4%	3 M €	+4.6%	2,8 M €	-0.6%	2,9 M €	+31.9%	2,2 M €	-13.6%	2,5 M €	-30.8%	3,6 M €	+1478%	229 k €
Cash	198 k €	-43.2%	348,6 k €	-63.6%	957,7 k €	+81.9%	526,5 k €	-27.8%	728,8 k €	+223%	225,9 k €	+144%	92,7 k €	-29.2%	131 k €	+153%	51,8 k €	-66.3%	153,9 k €	-10.8%	172,6 k €	+273%	46,3 k €	-13.2%	53,3 k €	-81.5%	288,4 k €	+119%	131,6 k €
Debts	2,2 M €	+53.2%	1,5 M €	-36.3%	2,3 M €	-12.1%	2,6 M €	-2.9%	2,7 M €	-10.1%	3 M €	-12.1%	3,4 M €	+8.2%	3,2 M €	+26.4%	2,5 M €	+3.1%	2,4 M €	-1.0%	2,4 M €	+30.9%	1,9 M €	-17.5%	2,3 M €	-34.8%	3,5 M €	+3275%	103,1 k €
Other
Workforce	1,5 ETP	+50.0%	1,0 ETP	-60.0%	2,5 ETP	0.0%	2,5 ETP	+92.3%	1,3 ETP	+30.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	+150%	0,4 ETP		–

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 9 active · 85 ended

Active mandates

Daniel Drion

Director · since 14 juin 2023 · until 14 juin 2025

Active

Eric Simonis

Director · since 14 juin 2023 · until 14 juin 2025

Active

Gaëtan Duyckaers

Director · since 14 juin 2023 · until 14 juin 2025

Active

Gilles Guinotte

Director · since 14 juin 2023 · until 14 juin 2025

Active

Laurence Hanssen

Director · since 14 juin 2023 · until 14 juin 2025

Active

Léon-Maurice Haulet

Director · since 14 juin 2023 · until 14 juin 2025

Active

Rodrigue Capart

Director · since 14 juin 2023 · until 14 juin 2025

Active

Sébastien Dupont

Managing director · since 14 juin 2023 · until 14 juin 2025

Active

Vincent de Hey

Director · since 14 juin 2023 · until 14 juin 2025

Active

Ended mandates

Alain KLINKENBERG

Director · since 15 juin 2021 · until 30 juin 2022

Ended

Alain KLINKENBERG

Director · since 15 juin 2021 · until 30 juin 2023

Ended

Alain KLINKENBERG

Director · since 15 juin 2021 · until 21 décembre 2023

Ended

Daniel DRION

Director · since 15 juin 2021 · until 30 juin 2022

Ended

At this address

Other companies at this address

Company	CBE no.
ArcelorMittal Steel Service Centres Liège● Active	0431.422.049
LAMPRE BENELUX● Active	0846.861.270

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	20/02/2025	21/06/2024	15/06/2023	01/07/2022	17/06/2021	20/07/2020
General meeting	11/02/2025	11/06/2024	14/06/2023	21/06/2022	15/06/2021	24/06/2020
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

15 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	11/02/2025	20/02/2025	French	PDF
Abridged model	31/12/2023	11/06/2024	21/06/2024	French	PDF
Abridged model	31/12/2022	14/06/2023	15/06/2023	French	PDF
Abridged model	31/12/2021	21/06/2022	01/07/2022	French	PDF
Abridged model	31/12/2020	15/06/2021	17/06/2021	French	PDF
Abridged model	31/12/2019	24/06/2020	20/07/2020	French	PDF
Abridged model	31/12/2018	12/06/2019	10/07/2019	French	PDF
Abridged model	31/12/2017	13/06/2018	06/08/2018	French	PDF
Abridged model	31/12/2016	14/06/2017	28/08/2017	French	PDF
Abridged model	31/12/2015	01/06/2016	04/07/2016	French	PDF
Abridged model	31/12/2014	24/06/2015	24/07/2015	French	PDF
Abridged model	31/12/2013	14/05/2014	19/06/2014	French	PDF
Abridged model	31/12/2012	26/06/2013	26/08/2013	French	PDF
Abridged model	31/12/2011	27/06/2012	21/08/2012	French	PDF
Abridged model	31/12/2010	25/05/2011	30/09/2011	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 31/12/2024 · 9 active · 85 ended

Active mandates

Daniel Drion

Director · since 14 juin 2023 · until 14 juin 2025

Active

Eric Simonis

Director · since 14 juin 2023 · until 14 juin 2025

Active

Gaëtan Duyckaers

Director · since 14 juin 2023 · until 14 juin 2025

Active

Gilles Guinotte

Director · since 14 juin 2023 · until 14 juin 2025

Active

Laurence Hanssen

Director · since 14 juin 2023 · until 14 juin 2025

Active

Léon-Maurice Haulet

Director · since 14 juin 2023 · until 14 juin 2025

Active

Rodrigue Capart

Director · since 14 juin 2023 · until 14 juin 2025

Active

Sébastien Dupont

Managing director · since 14 juin 2023 · until 14 juin 2025

Active

Vincent de Hey

Director · since 14 juin 2023 · until 14 juin 2025

Active

Ended mandates

Alain KLINKENBERG

Director · since 15 juin 2021 · until 30 juin 2022

Ended

Alain KLINKENBERG

Director · since 15 juin 2021 · until 30 juin 2023

Ended

Alain KLINKENBERG

Director · since 15 juin 2021 · until 21 décembre 2023

Ended

Daniel DRION

Director · since 15 juin 2021 · until 30 juin 2022

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates14/05/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates07/08/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates12/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - OBJET - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Mandates06/01/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates02/06/2022
DEMISSIONS, NOMINATIONS
PDF
Capital / shares11/06/2021
CAPITAL, ACTIONS - DIVERS
PDF
Mandates02/09/2020
DEMISSIONS, NOMINATIONS
PDF
Capital / shares11/02/2020
CAPITAL, ACTIONS
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

2024
Annual accounts 202492,2 k €↑
2023
Annual accounts 2023-173,1 k €↓
2023
Name changePROPAC sc
2022
Annual accounts 2022-54,9 k €↓
2021
Annual accounts 2021-26,5 k €↑
2020
Annual accounts 2020-27,7 k €↓
2019
Annual accounts 201928,1 k €↑
2018
Annual accounts 201824,3 k €↑
2017
Annual accounts 201710,1 k €↑
2016
Annual accounts 20166,7 k €↓
2015
Annual accounts 20157,3 k €↓
2014
Annual accounts 2014111,7 k €↑
2013
Annual accounts 201360,5 k €↓
2012
Annual accounts 201298,5 k €↑
2011
Annual accounts 20115 k €↓
2010
Annual accounts 20105,9 k €
2010
Name changePROPAC
09/06/2009
IncorporationCooperative society

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

PROPAC

Overview

What does PROPAC do?

Trend over 15 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