ACTIVE

The Packaging Group

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Financial year 2025 · closed on 31/12/2025

Net result

9,9 k €

-65.8% YoY

Gross margin

514,6 k €

+32.2% YoY

Equity

285,3 k €

+3.6% YoY

Workforce

3,1 ETP

+93.8% YoY

What does The Packaging Group do?

The Packaging Group is a Private limited company incorporated in 2004. Its registered office is in Ranst. It employs on average 3,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0865.894.353

Incorporation

22/06/2004

Legal form

Private limited company

Registered office

Oostmalsesteenweg 254 box unit O
2520 Ranst · FlandreSee on map

Contributed capital

6 500,00 €

Latest accounts

31/12/2025

Average workforce

3,1 ETP

Joint committees (3)

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

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
Gross margin	514,6 k €	+32.2%	389,2 k €	+7.9%	360,7 k €	+5.6%	341,4 k €	+316%	82,1 k €	-9.4%	90,5 k €	+23.3%	73,4 k €	+18.3%	62,1 k €	-32.5%	92 k €	+20.3%	76,5 k €	-23.5%	100 k €	+310%	24,4 k €	-60.8%	62,2 k €	+21.8%	51 k €	-35.5%	79,1 k €	+8.8%	72,7 k €	-13.9%	84,4 k €	-28.6%	118,2 k €	+24.0%	95,3 k €	+8.6%	87,7 k €
EBITDA	196,4 k €	-17.8%	238,9 k €	+7.7%	221,8 k €	+4.3%	212,7 k €	+433%	39,9 k €	-12.4%	45,6 k €	+43.5%	31,8 k €	+102%	15,7 k €	-66.8%	47,3 k €	-30.6%	68,2 k €	-31.0%	98,8 k €	+418%	19,1 k €	-69.0%	61,6 k €	+25.7%	49 k €	-30.8%	70,8 k €	+1.9%	69,6 k €	-8.3%	75,8 k €	-34.8%	116,3 k €	+68.7%	68,9 k €	-20.9%	87,1 k €
Operating result	-4,8 k €	-111%	41,9 k €	+109%	20 k €	+121%	9,1 k €	-26.6%	12,4 k €	-42.1%	21,3 k €	+121%	9,6 k €	+203%	3,2 k €	-66.7%	9,5 k €	-74.9%	38 k €	-39.0%	62,3 k €	+537%	-14,3 k €	-161%	23,5 k €	+150%	9,4 k €	-77.3%	41,6 k €	+22.1%	34 k €	-19.4%	42,3 k €	-46.0%	78,3 k €	+136%	33,1 k €	-5.0%	34,9 k €
Net result	9,9 k €	-65.8%	29 k €	+119%	13,3 k €	+71.4%	7,7 k €	-17.4%	9,4 k €	-49.6%	18,6 k €	+88.9%	9,8 k €	+1469%	627,1 €	-73.4%	2,4 k €	-88.9%	21,2 k €	-47.9%	40,7 k €	+312%	-19,2 k €	-247%	13,1 k €	+538%	2 k €	-90.5%	21,4 k €	+80.0%	11,9 k €	-48.0%	22,9 k €	-49.5%	45,4 k €	+161%	17,4 k €	-35.6%	26,9 k €
Balance sheet
Equity	285,3 k €	+3.6%	275,4 k €	+11.8%	246,5 k €	+5.7%	233,2 k €	+3.4%	225,5 k €	+4.3%	216,1 k €	+9.4%	197,5 k €	+5.2%	187,7 k €	+0.3%	187 k €	+1.3%	184,7 k €	+15.7%	159,6 k €	+34.3%	118,9 k €	-13.9%	138,1 k €	+10.5%	125 k €	+1.7%	123 k €	+21.1%	101,5 k €	+13.3%	89,6 k €	+34.3%	66,7 k €	+212%	21,4 k €	+435%	4 k €
Total assets	1,1 M €	-0.9%	1,1 M €	-9.3%	1,2 M €	-19.0%	1,5 M €	+326%	358,3 k €	-16.5%	429,1 k €	+58.4%	270,9 k €	+3.9%	260,7 k €	-10.6%	291,7 k €	-32.8%	433,8 k €	+21.7%	356,6 k €	+20.6%	295,6 k €	+1.0%	292,8 k €	+9.2%	268,2 k €	-0.3%	269,2 k €	+6.9%	251,7 k €	-25.6%	338,4 k €	-7.7%	366,5 k €	+9.1%	335,9 k €	+4.5%	321,3 k €
Cash	411 k €	+62.6%	252,8 k €	+6.3%	237,7 k €	-13.4%	274,3 k €	+513%	44,8 k €	-73.7%	170,1 k €	+651%	22,6 k €	-54.0%	49,2 k €	+387%	10,1 k €	-50.6%	20,5 k €	-53.0%	43,6 k €	+148%	17,5 k €		–		–		15 k €	-1.6%	15,3 k €	+368%	3,3 k €	-78.9%	15,4 k €	+584%	2,3 k €	-84.1%	14,2 k €
Debts	827 k €	-2.4%	847,3 k €	-14.6%	991,6 k €	-23.4%	1,3 M €	+874%	132,8 k €	-37.6%	213 k €	+190%	73,4 k €	+0.5%	73,1 k €	-30.1%	104,6 k €	-58.0%	249,1 k €	+42.9%	174,3 k €	-0.7%	175,5 k €	+13.4%	154,7 k €	+8.0%	143,2 k €	-2.0%	146,2 k €	-2.7%	150,2 k €	-39.6%	248,7 k €	-17.0%	299,8 k €	-4.7%	314,5 k €	-0.9%	317,3 k €
Other
Workforce	3,1 ETP	+93.8%	1,6 ETP	0.0%	1,6 ETP	0.0%	1,6 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–		0,6 ETP		–

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 6 ended

Active mandates

Hendrik Demaerel

Director

Active

Steven Alfons G Govaerts

Director

Active

Ended mandates

Steven Alfons G Govaerts

Manager · since 31 mai 2018

Ended

Gunther Van Hove

Manager

Ended

Hendrik Demaerel

Manager

Ended

Peter Frans A Vanderhoeven

Manager · until 31 janvier 2018

Ended

At this address

Other companies at this address

Company	CBE no.
GGS Schrijnwerkerij● Active	1016.933.449
MATCHING FIGURES● Active	0655.823.730

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Micro model	Micro 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	28/08/2026	13/06/2025	21/06/2024	23/06/2023	15/07/2022	02/06/2021
General meeting	02/06/2026	03/06/2025	04/06/2024	06/06/2023	07/06/2022	01/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	02/06/2026	28/08/2026	Dutch	PDF
Abridged model	31/12/2024	03/06/2025	13/06/2025	Dutch	PDF
Abridged model	31/12/2023	04/06/2024	21/06/2024	Dutch	PDF
Abridged model	31/12/2022	06/06/2023	23/06/2023	Dutch	PDF
Micro model	31/12/2021	07/06/2022	15/07/2022	Dutch	PDF
Micro model	31/12/2020	01/06/2021	02/06/2021	Dutch	PDF
Micro model	31/12/2019	04/08/2020	28/08/2020	Dutch	PDF
Micro model	31/12/2018	04/06/2019	30/08/2019	Dutch	PDF
Micro model	31/12/2017	27/02/2018	26/04/2018	Dutch	PDF
Micro model	31/12/2016	27/06/2017	20/07/2017	Dutch	PDF
Abridged model	31/12/2015	07/06/2016	20/07/2016	Dutch	PDF
Abridged model	31/12/2014	02/06/2015	11/06/2015	Dutch	PDF
Abridged model	31/12/2013	03/06/2014	14/08/2014	Dutch	PDF
Abridged model	31/12/2012	04/06/2013	01/07/2013	Dutch	PDF
Abridged model	31/12/2011	05/06/2012	05/07/2012	Dutch	PDF
Abridged model	31/12/2010	07/06/2011	20/07/2011	Dutch	PDF
Abridged model	31/12/2009	01/06/2010	18/06/2010	Dutch	PDF
Abridged model	31/12/2008	02/06/2009	19/06/2009	Dutch	PDF
Abridged model	31/12/2007	03/06/2008	17/06/2008	Dutch	PDF
Abridged model	31/12/2006	05/06/2007	19/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 31/12/2025 · 2 active · 6 ended

Active mandates

Hendrik Demaerel

Director

Active

Steven Alfons G Govaerts

Director

Active

Ended mandates

Steven Alfons G Govaerts

Manager · since 31 mai 2018

Ended

Gunther Van Hove

Manager

Ended

Hendrik Demaerel

Manager

Ended

Peter Frans A Vanderhoeven

Manager · until 31 janvier 2018

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office21/05/2026
MAATSCHAPPELIJKE ZETEL
PDF
Mandates20/01/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/06/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/02/2018
ONTSLAGEN - BENOEMINGEN
PDF
Registered office21/10/2013
MAATSCHAPPELIJKE ZETEL
PDF
Registered office21/12/2010
wijziGING ADRES MAATSCHAPPELIJKE ZETEL
PDF
Mandates13/11/2007
ONTSLAG ZAAKVOERDER
PDF
Mandates31/08/2006
* BENOEMING ZAAKVOERDER
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 20259,9 k €↓
2024
Annual accounts 202429 k €↑
2023
Annual accounts 202313,3 k €↑
2022
Annual accounts 20227,7 k €↓
2021
Annual accounts 20219,4 k €↓
2021
Name changeTHE PACKAGING GROUP
2020
Annual accounts 202018,6 k €↑
2019
Annual accounts 20199,8 k €↑
2018
Annual accounts 2018627,1 €↓
2017
Annual accounts 20172,4 k €↓
2016
Annual accounts 201621,2 k €↓
2015
Annual accounts 201540,7 k €↑
2014
Annual accounts 2014-19,2 k €↓
2013
Annual accounts 201313,1 k €↑
2012
Annual accounts 20122 k €↓
2011
Annual accounts 201121,4 k €↑
2010
Annual accounts 201011,9 k €↓
2009
Annual accounts 200922,9 k €↓
2008
Annual accounts 200845,4 k €↑
2007
Annual accounts 200717,4 k €↓
2006
Annual accounts 200626,9 k €
2006
Name changeCBA Technic
22/06/2004
IncorporationPrivate 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

The Packaging Group

Overview

What does The Packaging Group do?

Trend over 20 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