DEVELOPACK
ActiveSummary
DEVELOPACK has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €42k and a net result of €4k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 31% of 958 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▼-20
Solvency55▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity short (current ratio 0.32 against 0.69 in 2024; short-term debt: 45.1% and cash: 5.3% of total assets), and 70% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 18
Relative position
BE, all sectors
reference
Printing and reproduction of recorded media (NACE 18)
about 11% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
30%
Return on assets
2.8%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €42k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
18 d late
2024
45 d early
2023
on the day
2022
21 d late
2021
4 d late
2020
17 d late
2019
17 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€42k▲ 10.4%
2024 · €38k
2018: €-325
2019: €1k▲ +502% vs 2018
2020: €-13k▼ -1092% vs 2019lowest in 8 years
2021: €-1k▲ +88.7% vs 2020
2022: €-12k▼ -746% vs 2021
2023: €12k▲ +197% vs 2022
2024: €38k▲ +217% vs 2023
2025: €42k▲ +10.4% vs 2024highest in 8 years
2018 → 2025
Total assets
€140k▼ 3.9%
2024 · €146k
2018: €261k
2019: €274k▲ +4.8% vs 2018highest in 8 years
2020: €251k▼ -8.4% vs 2019
2021: €268k▲ +7.0% vs 2020
2022: €240k▼ -10.4% vs 2021
2023: €117k▼ -51.1% vs 2022lowest in 8 years
2024: €146k▲ +24.5% vs 2023
2025: €140k▼ -3.9% vs 2024
2018 → 2025
Net result
€4k▼ 84.8%
2024 · €26k
2018: €-14k
2019: €2k▲ +112% vs 2018
2020: €-14k▼ -974% vs 2019lowest in 8 years
2021: €11k▲ +181% vs 2020
2022: €-11k▼ -195% vs 2021
2023: €24k▲ +323% vs 2022
2024: €26k▲ +6.8% vs 2023highest in 8 years
2025: €4k▼ -84.8% vs 2024
2018 → 2025
Working capital
€-43k▼ 74.7%
2024 · €-25k
2018: €-49k
2019: €-46k▲ +6.1% vs 2018
2020: €-61k▼ -31.6% vs 2019
2021: €-53k▲ +13.9% vs 2020
2022: €-69k▼ -30.1% vs 2021lowest in 8 years
2023: €-46k▲ +32.5% vs 2022
2024: €-25k▲ +46.3% vs 2023highest in 8 years
2025: €-43k▼ -74.7% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-1k-€-12k▼ 746%€12k€38k▲ 217%€42k▲ 10.4%
2021: €-1k
2022: €-12k▼ -746% vs 2021lowest in 5 years
2023: €12k▲ +197% vs 2022
2024: €38k▲ +217% vs 2023
2025: €42k▲ +10.4% vs 2024highest in 5 years
Operating result€16k-€-7k€33k€41k▲ 27.4%€9k▼ 77.4%
2021: €16k
2022: €-7k▼ -141% vs 2021lowest in 5 years
2023: €33k▲ +592% vs 2022
2024: €41k▲ +27.4% vs 2023highest in 5 years
2025: €9k▼ -77.4% vs 2024
Net result€11k-€-11k€24k€26k▲ 6.8%€4k▼ 84.8%
2021: €11k
2022: €-11k▼ -195% vs 2021lowest in 5 years
2023: €24k▲ +323% vs 2022
2024: €26k▲ +6.8% vs 2023highest in 5 years
2025: €4k▼ -84.8% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 77% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €140k
Fixed assets
€120k ▲ 33.6%
Current assets
€20k ▼ 64.3%
Equity and liabilities €140k
Equity
€42k ▲ 10.4%
Debt
€98k ▼ 9.0%
Debt's share of the balance-sheet total falls from 73.9% to 70.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€22k▼
2024 · €50k
Cash flow
€16k▼
2024 · €35k
Current ratio
0.32▼
2024 · 0.69
Debt to equity
2.34▼
2024 · 2.83
ROE
9.4%▼
2024 · 68.5%
ROA
2.8%▼
2024 · 17.9%
Interest coverage
5.85▼
2024 · 11.60
Debt ≤ 1 year
€63k▼
2024 · €81k
Debt > 1 year
€35k▲
2024 · €27k
Income taxes
€2k▼
2024 · €11k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€146k€140k▼
Fixed assets21/28€90k€120k▲
Intangible fixed assets21€728€293▼
Tangible fixed assets22/27€89k€119k▲
Land and buildings22€76k-
Plant, machinery and equipment23€12k€10k▼
Furniture and vehicles24€1k€36k▲
Other tangible fixed assets26-€74k
Financial fixed assets28€620€620=
Current assets29/58€56k€20k▼
Amounts receivable within one year40/41€15k€7k▼
Trade receivables40€6k€5k▼
Other amounts receivable41€9k€2k▼
Cash at bank and in hand54/58€41k€7k▼
Deferred charges and accrued income490/1€284€6k▲
Equity and liabilities
Total equity and liabilities10/49€146k€140k▼
Equity10/15€38k€42k▲
Contributions10/11€19k€19k=
Reserves13€20k€23k▲
Distributable reserves133€20k€23k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€108k€98k▼
Amounts payable after more than one year17€27k€35k▲
Financial debts170/4€27k€35k▲
Amounts payable within one year42/48€81k€63k▼
Current portion of amounts payable after more than one year42€13k€20k▲
Financial debts43€80-
Other loans439€80-
Trade debts44€12k€685▼
Suppliers440/4€12k€685▼
Taxes, remuneration and social security45€0€112▲
Taxes450/3€0€112▲
Other amounts payable47/48€56k€42k▼
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€12k▲
Other operating charges640/8€3k€4k▲
Non-recurring operating charges66A-€438
Gross operating margin9900€53k€26k▼
Operating profit (loss)9901€41k€9k▼
Financial income75/76B€34€0▼
Recurring financial income75€34€0▼
Financial charges65/66B€4k€4k▼
Recurring financial charges65€4k€4k▼
Profit (loss) for the period before taxes9903€37k€6k▼
Income taxes67/77€11k€2k▼
Profit (loss) for the period9904€26k€4k▼
Profit (loss) for the period to be appropriated9905€26k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€20k€4k▼
Profit (loss) brought forward from the previous period14P€-7k-
Transfer to equity691/2€20k€4k▼
To other reserves6921€20k€4k▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €5k | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16k | €14k | €11k | €9k | €12k | ▲ 42.7% |
| Other operating charges640/8 | €3k | €3k | €3k | €3k | €4k | ▲ 33.5% |
| Non-recurring operating charges66A | - | - | - | - | €438 | - |
| Gross operating margin9900 | €36k | €10k | €47k | €53k | €26k | ▼ 50.9% |
| Operating profit (loss)9901 | €16k | €-7k | €33k | €41k | €9k | ▼ 77.4% |
| Financial income75/76B | - | €0 | €7 | €34 | €0 | ▼ 99.9% |
| Recurring financial income75 | - | €0 | €7 | €34 | €0 | ▼ 99.9% |
| Financial charges65/66B | €4k | €4k | €4k | €4k | €4k | ▼ 14.6% |
| Recurring financial charges65 | €4k | €4k | €4k | €4k | €4k | ▼ 14.6% |
| Profit (loss) for the period before taxes9903 | €12k | €-11k | €29k | €37k | €6k | ▼ 84.8% |
| Income taxes67/77 | €258 | €258 | €4k | €11k | €2k | ▼ 84.6% |
| Profit (loss) for the period9904 | €11k | €-11k | €24k | €26k | €4k | ▼ 84.8% |
| Profit (loss) for the period to be appropriated9905 | €11k | €-11k | €24k | €26k | €4k | ▼ 84.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €268k | €240k | €117k | €146k | €140k | ▼ 3.9% |
| Fixed assets21/28 | €114k | €108k | €98k | €90k | €120k | ▲ 33.6% |
| Intangible fixed assets21 | €1k | €2k | €1k | €728 | €293 | ▼ 59.8% |
| Tangible fixed assets22/27 | €113k | €106k | €96k | €89k | €119k | ▲ 34.6% |
| Land and buildings22 | - | €88k | €81k | €76k | - | - |
| Plant, machinery and equipment23 | €12k | €16k | €14k | €12k | €10k | ▼ 17.1% |
| Furniture and vehicles24 | €5k | €2k | €2k | €1k | €36k | ▲ 3,122% |
| Other tangible fixed assets26 | €96k | - | - | - | €74k | - |
| Financial fixed assets28 | €620 | €620 | €620 | €620 | €620 | = |
| Current assets29/58 | €154k | €132k | €19k | €56k | €20k | ▼ 64.3% |
| Stocks and contracts in progress3 | €18k | €18k | €0 | - | - | - |
| Stocks30/36 | €18k | €18k | €0 | - | - | - |
| Amounts receivable within one year40/41 | €129k | €106k | €2k | €15k | €7k | ▼ 54.7% |
| Trade receivables40 | €126k | €105k | €0 | €6k | €5k | ▼ 22.4% |
| Other amounts receivable41 | €3k | €642 | €2k | €9k | €2k | ▼ 78.2% |
| Cash at bank and in hand54/58 | €5k | €8k | €17k | €41k | €7k | ▼ 81.7% |
| Deferred charges and accrued income490/1 | €2k | €949 | €702 | €284 | €6k | ▲ 1,935% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €268k | €240k | €117k | €146k | €140k | ▼ 3.9% |
| Equity10/15 | €-1k | €-12k | €12k | €38k | €42k | ▲ 10.4% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | - | - | - | €20k | €23k | ▲ 20.3% |
| Distributable reserves133 | - | - | - | €20k | €23k | ▲ 20.3% |
| Profit (loss) carried forward14 | €-20k | €-31k | €-7k | €0 | - | - |
| Amounts payable17/49 | €270k | €253k | €105k | €108k | €98k | ▼ 9.0% |
| Amounts payable after more than one year17 | €63k | €52k | €40k | €27k | €35k | ▲ 28.5% |
| Financial debts170/4 | €63k | €52k | €40k | €27k | €35k | ▲ 28.5% |
| Amounts payable within one year42/48 | €206k | €201k | €66k | €81k | €63k | ▼ 21.6% |
| Current portion of amounts payable after more than one year42 | €11k | €11k | €12k | €13k | €20k | ▲ 60.7% |
| Financial debts43 | - | - | - | €80 | - | - |
| Other loans439 | - | - | - | €80 | - | - |
| Trade debts44 | €422 | €263 | €339 | €12k | €685 | ▼ 94.2% |
| Suppliers440/4 | €422 | €263 | €339 | €12k | €685 | ▼ 94.2% |
| Taxes, remuneration and social security45 | €4k | €562 | €850 | €0 | €112 | - |
| Taxes450/3 | €4k | €562 | €850 | €0 | €112 | - |
| Other amounts payable47/48 | €191k | €189k | €52k | €56k | €42k | ▼ 24.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11k | €-11k | €24k | €26k | €4k | ▼ 84.8% |
| + Depreciation and write-downs630 | €16k | €14k | €11k | €9k | €12k | ▲ 42.7% |
| Operating cash flow (approximation) | €28k | €3k | €36k | €35k | €16k | ▼ 53.4% |
| Investment in fixed assets (approximation) | - | €-7k | €-1k | €-599 | €-42k | ▼ 6,987% |
| Change in cash | - | €3k | €9k | €24k | €-33k | ▼ 239% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 18 days late
25-03
State Gazette act
General meeting · Net-asset statement
Director discharge · Dissolution
2025
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €26k ▲6.8%
Operating result €41k, net result €26k, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €24k
Net result €24k after one loss-making year.
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
2022
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
2021
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
2020
31-12
Financial
Weakest financial yearnet €-14k
Net result drops to €-14k, the lowest in the series; recovery starts the following year.
17-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 17 days late
Show earlier events
2019
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Geetbets · 1 establishment unit since 2003
Ground area
8,320 m²
Building footprint
204 m²
Volume, LiDAR
1,767 m³
Parcel 24028D0239/00H000, Flanders · tallest building 12.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
DEVELOPACK
since 20032.126.264.348
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24028D0239/00H000 | Flanders | 8,320 m² | 1 · 204 m² | 12.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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S.P. PRODUCTIONS
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Of 1,599 companies in sector 18120 we hold annual accounts for 807. 552 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded03-04-2003
Fiscal year end31-12
Activities, NACEBEL 2025
18120Other printing
46190Agents in non-specialised wholesale trade
62900Other information technology and computer services
74112Other professional, scientific and technical activities
74120Graphic design and visual communication
82920Office administrative, office support and other business support activities
Scores and ratios are computed by Checked and are not a credit decision.