Shape Packaging
ActiveSummary
The computed 12-month bankruptcy probability of Shape Packaging is 2.8% (moderate). The 2025 annual accounts show negative equity (€-25k) and a net result of €-49k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 11389 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0▼-96
Growth32=
Track record100
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.83 against 3.42 in 2024; short-term debt: 119.9% and cash: 37.7% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-92.7%
Return on assets
-182.7%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year €-25k
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 6 filingsDeviation from the deadline
2025
26 d late
2024
58 d early
2023
22 d early
2022
12 d early
2021
33 d early
2020
2 d early
← 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
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, micro schema
Equity
€-25k
2024 · €24k
Total assets
€27k▼ 21.1%
2024 · €34k
Net result
€-49k▲ 35.6%
2024 · €-77k
Working capital
€-5k
2024 · €24k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€30k▼ 38.1%€53k▲ 74.0%€-2k€-76k▼ 3,039%€-42k▲ 44.9%
Net result€29k▼ 28.6%€42k▲ 44.6%€-3k€-77k▼ 2,275%€-49k▲ 35.6%
Equity€112k▲ 34.6%€154k▲ 37.2%€151k▼ 2.1%€24k▼ 83.9%€-25k
Total assets€271k▲ 51.4%€283k▲ 4.2%€158k▼ 44.1%€34k▼ 78.3%€27k▼ 21.1%
Debt€159k▲ 65.9%€128k▼ 19.2%€7k▼ 94.6%€10k▲ 42.0%€52k▲ 424%
Working capital€107k▲ 44.0%€152k▲ 41.2%€150k▼ 1.1%€24k▼ 83.9%€-5k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €42k in 2025 against €76k in 2024; the loss shrinks.
Key figures and ratios
EBITDA
€-42k▲
2024 · €-75k
Cash flow
€-49k▲
2024 · €-76k
Solvency
-92.7%▼
2024 · 71.0%
Current ratio
0.83▼
2024 · 3.42
Debt to equity
-2.08▼
2024 · 0.41
ROA
-182.7%▲
2024 · -224.0%
Interest coverage
-17.98▲
2024 · -86.56
Debt ≤ 1 year
€32k▲
2024 · €10k
Debt > 1 year
€15k
Income taxes
€5k▲
2024 · €441
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €2k | €2k | €869 | €197 | ▼ 77.3% |
| Other operating charges640/8 | €1k | €773 | €1k | €1k | €1k | ▼ 24.9% |
| Gross operating margin9900 | €37k | €56k | €177 | €-74k | €-41k | ▲ 44.9% |
| Operating profit (loss)9901 | €30k | €53k | €-2k | €-76k | €-42k | ▲ 44.9% |
| Financial income75/76B | €10k | €6k | €3k | €867 | - | - |
| Recurring financial income75 | €10k | €6k | €3k | €867 | - | - |
| Financial charges65/66B | €3k | €5k | €4k | €870 | €2k | ▲ 167% |
| Recurring financial charges65 | €3k | €5k | €4k | €870 | €2k | ▲ 167% |
| Profit (loss) for the period before taxes9903 | €37k | €54k | €-3k | €-76k | €-44k | ▲ 41.8% |
| Income taxes67/77 | €8k | €12k | €460 | €441 | €5k | ▲ 1,034% |
| Profit (loss) for the period9904 | €29k | €42k | €-3k | €-77k | €-49k | ▲ 35.6% |
| Profit (loss) for the period to be appropriated9905 | €29k | €42k | €-3k | €-77k | €-49k | ▲ 35.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €271k | €283k | €158k | €34k | €27k | ▼ 21.1% |
| Fixed assets21/28 | €5k | €3k | €1k | €197 | - | - |
| Intangible fixed assets21 | €3k | €2k | €997 | €197 | - | - |
| Tangible fixed assets22/27 | €2k | €783 | €69 | - | - | - |
| Plant, machinery and equipment23 | €2k | €783 | €69 | - | - | - |
| Current assets29/58 | €266k | €280k | €157k | €34k | €27k | ▼ 20.6% |
| Stocks and contracts in progress3 | €125k | €53k | €0 | - | - | - |
| Stocks30/36 | €125k | €53k | €0 | - | - | - |
| Amounts receivable within one year40/41 | €135k | €86k | €59k | €6k | €11k | ▲ 92.6% |
| Trade receivables40 | €87k | €35k | €1k | €3k | €11k | ▲ 261% |
| Other amounts receivable41 | €48k | €51k | €58k | €3k | - | - |
| Cash at bank and in hand54/58 | €130 | €139k | €96k | €22k | €10k | ▼ 53.3% |
| Deferred charges and accrued income490/1 | €6k | €1k | €2k | €6k | €5k | ▼ 13.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €271k | €283k | €158k | €34k | €27k | ▼ 21.1% |
| Equity10/15 | €112k | €154k | €151k | €24k | €-25k | ▼ 203% |
| Contributions10/11 | €43k | €43k | €43k | €43k | €43k | = |
| Reserves13 | €8k | €8k | €8k | €8k | €8k | = |
| Distributable reserves133 | €8k | €8k | €8k | €8k | €8k | = |
| Profit (loss) carried forward14 | €62k | €104k | €100k | €-26k | €-76k | ▼ 188% |
| Amounts payable17/49 | €159k | €128k | €7k | €10k | €52k | ▲ 424% |
| Amounts payable after more than one year17 | - | - | - | - | €15k | - |
| Financial debts170/4 | - | - | - | - | €15k | - |
| Amounts payable within one year42/48 | €159k | €128k | €7k | €10k | €32k | ▲ 226% |
| Current portion of amounts payable after more than one year42 | €13k | €100k | - | - | €6k | - |
| Financial debts43 | €73k | - | - | €40 | - | - |
| Credit institutions430/8 | €73k | - | - | €40 | - | - |
| Trade debts44 | €35k | €15k | €2k | €978 | €18k | ▲ 1,755% |
| Suppliers440/4 | €35k | €15k | €2k | €978 | €18k | ▲ 1,755% |
| Taxes, remuneration and social security45 | €38k | €14k | €5k | €9k | €3k | ▼ 69.6% |
| Taxes450/3 | €35k | €11k | €3k | €6k | €3k | ▼ 56.7% |
| Remuneration and social security454/9 | €3k | €3k | €3k | €3k | - | - |
| Other amounts payable47/48 | - | - | - | - | €6k | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €5k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29k | €42k | €-3k | €-77k | €-49k | ▲ 35.6% |
| + Depreciation and write-downs630 | €5k | €2k | €2k | €869 | €197 | ▼ 77.3% |
| Operating cash flow (approximation) | €34k | €44k | €-2k | €-76k | €-49k | ▲ 35.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - | - |
| Change in cash | - | €139k | €-43k | €-74k | €-12k | ▲ 84.4% |
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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-77k
Net result drops to €-77k, the lowest in the series; recovery starts the following year.
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity times 10current ratio 22.42
Current ratio from 2.18 to 22.42; short-term debt falls from €128k to €7k.
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2020net €42k ▲44.6%
Operating result €53k, net result €42k, both a record.
31-12
Financial
Equity above €150kEq €154k ▲37.2%
3 profitable years in a row build equity to €154k.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100kEq €112k ▲34.6%
2 profitable years in a row build equity to €112k.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Beerse · 1 establishment unit since 2019
Ground area
57 m²
Building footprint
57 m²
Volume, LiDAR
529 m³
Parcel 13004A0369/00Y005, Flanders · tallest building 11.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Shape Packaging
since 20192.297.034.333
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13004A0369/00Y005 | Flanders | 57 m² | 1 · 57 m² | 11.3 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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Of 1,743 companies in sector 46150 we hold annual accounts for 758. 500 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
Founded20-12-2019
Fiscal year end31-12
Activities, NACEBEL 2025
46150Agents in the wholesale of furniture, household goods and hardware
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.