ACTIVE

SK packaging

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Financial year 2024 · closed on 31/12/2024

Net result

594 k €

+67.4% YoY

Gross margin

1,5 M €

+5.4% YoY

Equity

2,3 M €

+35.1% YoY

Workforce

8,1 ETP

-11.0% YoY

What does SK packaging do?

SK packaging is a Private limited company incorporated in 2004. Its main activity is: Manufacture of household and sanitary goods and of toilet requisites. Its registered office is in Merelbeke-Melle. It employs on average 8,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0870.311.615

Incorporation

26/11/2004

Legal form

Private limited company

Registered office

Vijverwegel 60
9090 Merelbeke-Melle · FlandreSee on map

Contributed capital

206 200,00 €

Latest accounts

31/12/2024

Average workforce

8,1 ETP

Activities (NACE)

17220Manufacture of household and sanitary goods and of toilet requisites· main 17220Manufacture of household and sanitary goods and of toilet requisites 21220Manufacture of pharmaceutical preparations 46493Wholesale of other household goods 46493Wholesale of other household goods 46492Wholesale of other household goods+11

Joint committees (1)

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1,5 M €	+5.4%	1,4 M €	+70.8%	829,1 k €	+13.7%	729 k €	+32.2%	551,6 k €	-44.1%	987,3 k €	+136%	417,9 k €	-11.2%	470,4 k €	+43.7%	327,4 k €	-1.0%	330,6 k €	-23.4%	431,6 k €	+49.6%	288,6 k €	-20.8%	364,3 k €	+10.4%	330,1 k €	+115%	153,7 k €	+19.0%	129,1 k €	+351%	-51,5 k €	-281%	28,4 k €	+161%	10,9 k €
EBITDA	1,2 M €	+11.8%	1 M €	+89.5%	545,3 k €	+9.0%	500,5 k €	+26.7%	394,9 k €	-32.2%	582,9 k €	+146%	236,9 k €	+87.1%	126,6 k €	-18.3%	154,9 k €	-38.0%	250 k €	-32.1%	368 k €	+117%	169,7 k €	-32.9%	252,9 k €	-7.4%	273,1 k €	+153%	107,8 k €	+9.8%	98,2 k €	+283%	-53,6 k €	-293%	27,8 k €	+209%	9 k €
Operating result	982,1 k €	+95.0%	503,6 k €	+3.8%	485,4 k €	+9.8%	442,2 k €	+38.1%	320,2 k €	-36.5%	503,9 k €	+242%	147,2 k €	+226%	45,2 k €	-46.7%	84,7 k €	-51.4%	174,2 k €	-38.1%	281,4 k €	+316%	67,6 k €	-38.0%	109 k €	+36.9%	79,6 k €	+174%	-108,2 k €	-105%	-52,8 k €	+85.5%	-364,8 k €	-2041%	-17 k €	-333%	-3,9 k €
Net result	594 k €	+67.4%	354,8 k €	+12.4%	315,8 k €	+14.0%	277 k €	+37.9%	200,8 k €	-39.3%	331 k €	+250%	94,7 k €	+3437%	-2,8 k €	-107%	38,3 k €	+25.6%	30,5 k €	-85.7%	212,8 k €	+7001%	3 k €	-85.2%	20,2 k €	+121%	9,1 k €	+466%	-2,5 k €	+98.3%	-146,4 k €	+61.8%	-382,9 k €	-1779%	-20,4 k €	-354%	-4,5 k €
Balance sheet
Equity	2,3 M €	+35.1%	1,7 M €	+26.5%	1,3 M €	+30.9%	1 M €	+37.2%	744,7 k €	+36.9%	543,8 k €	+156%	212,9 k €	+80.1%	118,2 k €	-2.3%	121 k €	+46.3%	82,7 k €	+58.4%	52,2 k €	+133%	-160,6 k €	+1.8%	-163,6 k €	+11.0%	-183,8 k €	+4.7%	-192,9 k €	-1.3%	-190,4 k €	+58.7%	-461 k €	-490%	-78,1 k €	-35.3%	-57,7 k €
Total assets	8,4 M €	-0.3%	8,5 M €	+119%	3,9 M €	+19.8%	3,2 M €	+49.4%	2,2 M €	-21.1%	2,7 M €	+14.4%	2,4 M €	+4.8%	2,3 M €	+15.1%	2 M €	+0.2%	2 M €	-13.7%	2,3 M €	-3.5%	2,4 M €	+13.9%	2,1 M €	+22.4%	1,7 M €	-11.4%	1,9 M €	+21.3%	1,6 M €	-13.6%	1,8 M €	+262%	506,6 k €	+170%	187,7 k €
Cash	298,3 k €	+6.3%	280,6 k €	+80.6%	155,4 k €	-32.3%	229,4 k €	-48.5%	445,6 k €	-12.4%	508,7 k €	+842%	54 k €	+54.1%	35 k €	-62.4%	93,3 k €	+185%	32,7 k €	-58.9%	79,5 k €	+843%	8,4 k €	+1.3%	8,3 k €	+21.6%	6,9 k €	+122%	3,1 k €	-27.8%	4,3 k €	-93.6%	66,5 k €	+748%	7,8 k €	-25.7%	10,6 k €
Debts	5,9 M €	-9.9%	6,6 M €	+169%	2,4 M €	+15.2%	2,1 M €	+59.2%	1,3 M €	-36.9%	2,1 M €	-3.0%	2,2 M €	+0.7%	2,2 M €	+16.2%	1,9 M €	-1.8%	1,9 M €	-15.1%	2,2 M €	-12.0%	2,5 M €	+13.0%	2,2 M €	+19.2%	1,9 M €	-11.0%	2,1 M €	+19.2%	1,8 M €	-15.3%	2,1 M €	+258%	584,7 k €	+138%	245,4 k €
Other
Workforce	8,1 ETP	-11.0%	9,1 ETP	+19.7%	7,6 ETP	+35.7%	5,6 ETP	-13.8%	6,5 ETP	+80.6%	3,6 ETP	-5.3%	3,8 ETP	0.0%	3,8 ETP	+31.0%	2,9 ETP	+190%	1,0 ETP	0.0%	1,0 ETP	-41.2%	1,7 ETP	-34.6%	2,6 ETP	+767%	0,3 ETP	+50.0%	0,2 ETP		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 10 ended

Active mandates

Sahyin Karagöz

Director

Active

Ended mandates

Galina Ivanova

Manager · since 18 février 2008

Ended

GALINA IVANOVA

Manager · since 18 février 2008 · until 31 mars 2011

Ended

Hava Kandemir

Manager · since 18 février 2008

Ended

Marin Dobrev

Manager · since 01 décembre 2006

Ended

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	27/09/2025	07/10/2024	29/08/2023	24/11/2022	30/09/2021	16/11/2020
General meeting	30/06/2025	29/06/2024	30/06/2023	30/06/2022	30/06/2021	05/09/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	30/06/2025	27/09/2025	Dutch	PDF
Abridged model	31/12/2023	29/06/2024	07/10/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	29/08/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	24/11/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	30/09/2021	Dutch	PDF
Abridged model	31/12/2019	05/09/2020	16/11/2020	Dutch	PDF
Abridged model	31/12/2018	28/06/2019	04/09/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	31/08/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	25/09/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	19/09/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	27/08/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	27/08/2014	Dutch	PDF
Abridged model	31/12/2012	28/06/2013	30/08/2013	Dutch	PDF
Abridged model	31/12/2011	11/06/2012	31/08/2012	Dutch	PDF
Abridged model	31/12/2010	13/06/2011	28/07/2011	Dutch	PDF
Abridged model	31/12/2009	14/06/2010	27/08/2010	Dutch	PDF
Abridged model	31/12/2008	25/07/2009	28/08/2009	Dutch	PDF
Abridged model	31/12/2007	09/06/2008	30/07/2008	Dutch	PDF
Abridged model	31/12/2006	11/06/2007	23/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 31/12/2024 · 1 active · 10 ended

Active mandates

Sahyin Karagöz

Director

Active

Ended mandates

Galina Ivanova

Manager · since 18 février 2008

Ended

GALINA IVANOVA

Manager · since 18 février 2008 · until 31 mars 2011

Ended

Hava Kandemir

Manager · since 18 février 2008

Ended

Marin Dobrev

Manager · since 01 décembre 2006

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates13/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/02/2014
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/04/2011
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares05/11/2008
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates03/04/2008
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/02/2007
ONTSLAGEN - BENOEMINGEN
PDF
Other13/12/2004
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

2024
Annual accounts 2024594 k €↑
2023
Annual accounts 2023354,8 k €↑
2023
Name changeSK PACKAGING
2022
Annual accounts 2022315,8 k €↑
2021
Annual accounts 2021277 k €↑
2021
Name changeI & S
2020
Annual accounts 2020200,8 k €↓
2019
Annual accounts 2019331 k €↑
2018
Annual accounts 201894,7 k €↑
2017
Annual accounts 2017-2,8 k €↓
2016
Annual accounts 201638,3 k €↑
2015
Annual accounts 201530,5 k €↓
2014
Annual accounts 2014212,8 k €↑
2013
Annual accounts 20133 k €↓
2012
Annual accounts 201220,2 k €↑
2011
Annual accounts 20119,1 k €↑
2010
Annual accounts 2010-2,5 k €↑
2009
Annual accounts 2009-146,4 k €↑
2008
Annual accounts 2008-382,9 k €↓
2007
Annual accounts 2007-20,4 k €↓
2006
Annual accounts 2006-4,5 k €
26/11/2004
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

SK packaging

Overview

What does SK packaging do?

Trend over 19 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