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CARTOPACK

Active
Public limited companyfounded 1993active for 33 yearsRinglaan 50, 9900 Eeklo, BelgiumKBO/BCE: BE 0449.151.966

From the official registers: KBO 33 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

CARTOPACK has been active since 1993 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of €37,905. Equity has been growing by about 4.2% per year since 2018. Its solvency ranks better than 83% of 95 sector peers (NACE 17, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Official details

KBO
Status
Active since 07-01-1993 Normal situation
Activity
Manufacture of paper and paper products NACE 17120
Establishment unit
2.060.526.755 9900 Eeklo, since 22-01-1993
Financial year end
31 December
Peppol
Reachable since 21-10-2026

Board and ownership

Board
  • AVERCONDirector · since 15-01-2024 · permanent representative Vanderbeke,Pierre Georges Urbain
  • PiMaVDirector · since 15-01-2024 · permanent representative Vandewoestijne,Marie Godelieve Germaine

Financial position

95 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Annual accounts 2025
Gross margin
€116,972
▲ 6.6%
Turnover
≈ €300,000
estimated
Profit
€37,905
▲ 1.0%
Equity
€1.1m
▲ 3.5%
Total assets
€1.5m
▲ 1.2%
Filed on 28-07-2026, 3 days before the deadlineat the National Bank
Score breakdownraises riskSector: Manufacture of paper and paper products (NACE 17)lowers riskSize: total assets €1.5mFounded in 1993Equity €1.1m (75.7% of total assets)Show the evidence

Checked score

Score 2025
95 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 63% of micro companies in paper (NACE 17)
Financial strength · tick: 2024
Strong
Solvency 100+1
equity 75.7% of total assets
Liquidity 55-1
short-term debt 0.5% · cash 4.0%
Profitability 72=
return on assets 2.6%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (113 companies, NACE 17, micro)
Last 24 months 12-2024: 0.1%lowest value 01-2025: 0.1%● unchanged vs 12-2024lowest value 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.2%▲ +0.1 percentage points vs 07-2025highest value 09-2025: 0.1%▼ -0.1 percentage points vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026 11-2026: 0.1%● unchanged vs 10-2026
Credit of up to €100,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 60.93 (13.73 in 2024), above the usual 1.5. Short-term debt is 0.5% and cash 4% of total assets. 24.3% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 17, micro). It does better than 90% of them on solvency, 58% on liquidity, 52% on profitability and 52% on growth.

The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €1.5m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Sector: Manufacture of paper and paper products (NACE 17)
KBO
lowers risk · Founded in 1993
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Equity €1.1m (75.7% of total assets)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
3 days early
2024
22 days late
2023
28 days late
2022
5 days early
2021
26 days late
2020
17 days early
2019
68 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 17 days after the deadline. In the sector (NACE 17), the median for financial year 2024 was 13 days before the deadline, and 35% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 22 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Higher solvency than 83% of companies in papersector median 48.3% · 95 companies 75.7% View
  • Positive: 8 profitable years in a rowprofit 2025: €37,905 8 years View

Comparable companies

These companies have the same main activity as CARTOPACK: manufacture of paper and paper products (NACE 17120). They are comparable in size and age: total assets between €241,000 and €1.7m, founded between 1984 and 1999.

CompanyTotal assetsGross margin
CARTOPACK Eeklo€1.5m€0.1m
ROVASAC Oudenaarde€1.2m€0.3m
EMBALLAGES GRUSELLE Fleurus€0.4m€0.1m
ROTACOL Andenne€1.3m€0.6m
USINES PELLETIER EN CO Sint-Jans-Molenbeek€0.7m€0.6m
INPACO INDUSTRIE Etterbeek€0.2m€0.2m
BRANGS EN HEINRICH Dison€1.7m€0.8m
Full comparison

Documents

Annual accounts at the NBB

All 33 annual accounts

Articles and registers

Key facts about CARTOPACK

What is the company number of CARTOPACK?
The company number of CARTOPACK is 0449.151.966. The VAT number is the same number with BE in front: BE 0449.151.966.
Where is CARTOPACK based?
The registered office is at Ringlaan 50, 9900 Eeklo.Company details
What does CARTOPACK do?
According to the KBO register, the main activity is manufacture of paper and paper products (NACE 17120).
What is the legal form of CARTOPACK?
The legal form of CARTOPACK is Public limited company (NV).
When was CARTOPACK founded?
CARTOPACK was founded on 07-01-1993.
Is CARTOPACK still active?
Yes, CARTOPACK is an active enterprise in the KBO register.
How many employees does CARTOPACK have?
CARTOPACK had an average of 0.6 full-time equivalents in financial year 2018, according to the filed annual accounts.Financials
What is the turnover of CARTOPACK?
The turnover in financial year 2025 is ≈ €300,000. This figure is estimated from the gross margin of €116,972 and 1,644 comparable companies of the same size. It probably lies between €180,000 and €560,000. It is a rough estimate.
Is CARTOPACK profitable?
In financial year 2025, CARTOPACK made a profit of €37,905.
Where can I find the annual accounts of CARTOPACK?
CARTOPACK filed 33 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
When are the next annual accounts of CARTOPACK due?
CARTOPACK must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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