What does X - PACK do?

X - PACK is a plastics manufacturer in Verviers. Public Limited, started on 1 January 1968, 1 establishment.

What is the address of X - PACK?

The registered office of X - PACK is located at Rue des Chapeliers 39, 4800 Verviers.

Is X - PACK still active?

Yes. According to the CBE (29 October 2026) X - PACK is active, legal situation “Normale toestand”, started on 1 January 1968.

Is X - PACK registered on Peppol?

Yes, X - PACK is registered on the Peppol network with ID 0208:0402294434.

What is the enterprise number of X - PACK?

The enterprise number of X - PACK is BE0402294434.

When was X - PACK founded?

X - PACK was founded on 1 January 1968.

Who are the directors of X - PACK?

According to the 2025 annual accounts, the directors of X - PACK are: Philippe Closon, QHAM SRL, Cédric Maertens, TFR Solutions, Sébastien Peutat.

Is X - PACK a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 1 January 1968; 5 annual accounts filed, latest fiscal year 2025; 5 directors known from the annual account.

How much profit did X - PACK make in 2025?

X - PACK posted a profit after taxes of € 262,385 in financial year 2025.

What is the revenue of X - PACK?

As a small company, X - PACK is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 1,619,219.

How much does an employee at X - PACK earn?

The average wage cost per full-time employee at X - PACK was € 48,000 in 2025: staff costs of € 897,451 for 18.7 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does X - PACK have?

According to the 2025 annual accounts, X - PACK has 18.7 full-time equivalents (FTE).

X - PACK (Public Limited) - Verviers - BE0402294434

Dossier X - PACK, printed on 29 October 2026 from databakkes.be/en/0402294434/x-pack. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

X - PACK from Verviers, company number BE0402294434, closed financial year 2025 with a result of € 262,385 after tax. For that financial year X - PACK recorded a gross margin of € 1.6 million and equity of € 2.2 million. Compared with financial year 2024, the result moved from € -455,075 to € 262,385. Profitable, and profit is growing. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 3, 2026.

What it is worth Healthy

€ 2.2 million

▼ 10% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 262,385

▲ still € 455,075 loss in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 734,778

▲ 187% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Pays out

€ 500,000 paid out

More than the year’s profit went to the shareholders; reserves fell.

People and assets in 2025

Full-time equivalents

18.7

▼ 0.6 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 897,451

▲ 2% vs 2024

€ 48,000 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 64,133

▼ 4% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 6 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 2 million

▼ 28% vs 2024

€ 365,012 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.

Owed to suppliers

€ 528,143

▲ 23% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 98,646

▼ 17% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 3,215,330 Gross margin 2022: € 3,215,330 First fiscal year in the series	€ 1,388,374 Gross margin 2023: € 1,388,374 ▼ 57% vs 2022 (€ 3,215,330) Unfavourable step	€ 823,343 Gross margin 2024: € 823,343 ▼ 41% vs 2023 (€ 1,388,374) Unfavourable step	€ 1,619,219 Gross margin 2025: € 1,619,219 ▲ 97% vs 2024 (€ 823,343) Favourable step	▲ 97%
Profit after taxes	€ 1,432,290 Profit after taxes 2022: € 1,432,290 First fiscal year in the series	€ 139,013 Profit after taxes 2023: € 139,013 ▼ 90% vs 2022 (€ 1,432,290) Unfavourable step	€ -455,075 Profit after taxes 2024: € -455,075 ▼ € 594,089 vs 2023 (€ 139,013) Unfavourable step	€ 262,385 Profit after taxes 2025: € 262,385 ▲ € 717,460 vs 2024 (€ -455,075) Favourable step	▲ € 717,460
Equity	€ 2,804,186 Equity 2022: € 2,804,186 First fiscal year in the series	€ 2,933,386 Equity 2023: € 2,933,386 ▲ 5% vs 2022 (€ 2,804,186) Favourable step	€ 2,474,465 Equity 2024: € 2,474,465 ▼ 16% vs 2023 (€ 2,933,386) Unfavourable step	€ 2,233,674 Equity 2025: € 2,233,674 ▼ 10% vs 2024 (€ 2,474,465) Unfavourable step	▼ 10%
Total debts	€ 2,730,857 Total debts 2022: € 2,730,857 First fiscal year in the series	€ 3,759,105 Total debts 2023: € 3,759,105 ▲ 38% vs 2022 (€ 2,730,857) Unfavourable step	€ 3,356,073 Total debts 2024: € 3,356,073 ▼ 11% vs 2023 (€ 3,759,105) Favourable step	€ 3,238,384 Total debts 2025: € 3,238,384 ▼ 4% vs 2024 (€ 3,356,073) Favourable step	▼ 4%
Cash	€ 1,067,976 Cash 2022: € 1,067,976 First fiscal year in the series	€ 1,595,430 Cash 2023: € 1,595,430 ▲ 49% vs 2022 (€ 1,067,976) Favourable step	€ 255,863 Cash 2024: € 255,863 ▼ 84% vs 2023 (€ 1,595,430) Unfavourable step	€ 734,778 Cash 2025: € 734,778 ▲ 187% vs 2024 (€ 255,863) Favourable step	▲ 187%
Land & buildings	€ 864,906 Land & buildings 2022: € 864,906 First fiscal year in the series	€ 997,861 Land & buildings 2023: € 997,861 ▲ 15% vs 2022 (€ 864,906) Unchanged	€ 1,009,064 Land & buildings 2024: € 1,009,064 ▲ 1% vs 2023 (€ 997,861) Unchanged	€ 933,599 Land & buildings 2025: € 933,599 ▼ 7% vs 2024 (€ 1,009,064) Unchanged	▼ 7%
Retained profit	€ 2,514,862 Retained profit 2022: € 2,514,862 First fiscal year in the series	€ 2,653,875 Retained profit 2023: € 2,653,875 ▲ 6% vs 2022 (€ 2,514,862) Favourable step	€ 2,198,800 Retained profit 2024: € 2,198,800 ▼ 17% vs 2023 (€ 2,653,875) Unfavourable step	€ 1,961,185 Retained profit 2025: € 1,961,185 ▼ 11% vs 2024 (€ 2,198,800) Unfavourable step	▼ 11%
Dividend	€ 0 Dividend 2022: € 0 First fiscal year in the series	€ 0 Dividend 2023: € 0 Unchanged (€ 0) Unchanged	€ 0 Dividend 2024: € 0 Unchanged (€ 0) Unchanged	€ 500,000 Dividend 2025: € 500,000 Unchanged (€ 0) Unchanged
Bank debt	€ 1,844,264 Bank debt 2022: € 1,844,264 First fiscal year in the series	€ 2,950,823 Bank debt 2023: € 2,950,823 ▲ 60% vs 2022 (€ 1,844,264) Unfavourable step	€ 2,807,834 Bank debt 2024: € 2,807,834 ▼ 5% vs 2023 (€ 2,950,823) Favourable step	€ 2,010,902 Bank debt 2025: € 2,010,902 ▼ 28% vs 2024 (€ 2,807,834) Favourable step	▼ 28%
Balance sheet total	€ 6,011,764 Balance sheet total 2022: € 6,011,764 First fiscal year in the series	€ 7,107,925 Balance sheet total 2023: € 7,107,925 ▲ 18% vs 2022 (€ 6,011,764) Unchanged	€ 6,185,961 Balance sheet total 2024: € 6,185,961 ▼ 13% vs 2023 (€ 7,107,925) Unchanged	€ 5,768,082 Balance sheet total 2025: € 5,768,082 ▼ 7% vs 2024 (€ 6,185,961) Unchanged	▼ 7%
Employees (FTE)	17.1 Employees (FTE) 2022: 17.1 First fiscal year in the series	15.6 Employees (FTE) 2023: 15.6 ▼ 1.5 vs 2022 (17.1) Unchanged	19.3 Employees (FTE) 2024: 19.3 ▲ 3.7 vs 2023 (15.6) Unchanged	18.7 Employees (FTE) 2025: 18.7 ▼ 0.6 vs 2024 (19.3) Unchanged	▼ 0.6

Key figures of X - PACK, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.

What happened to X - PACK?

What happened at X - PACK in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2030 Philippe Closon stepped down as director. NBB
2030 QHAM SRL stepped down as director. NBB
2030 Cédric Maertens stepped down as director. NBB
2030 TFR Solutions stepped down as director. NBB
2030 Sébastien Peutat stepped down as director. NBB
Aug 3, 2026 New annual accounts for financial year 2025: profit of € 262,385. filed late Source: NBB ↗
2025 Sébastien Peutat became a director. NBB
2025 Philippe Closon became a director. NBB

In short

From € 1.4 million profit in 2022 to € 262,385 profit in 2025.

Paid € 1,656 in corporate taxes since 2022.

Best year ever: 2022, with € 1.4 million profit.

On average € 86,600 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

H Pack 100%

X - PACK

The shares are held by H Pack (100%).

Directors

According to the 2025 annual accounts

Philippe Closon

Director

Also active at: H PACK, K-Holding

since 2025 · until 2030

QHAM SRL

Director · represented by Hansenne Quentin

Also active at: H PACK

since 2025 · until 2030

Cédric Maertens

Director

Also active at: PACARBEL, Metal Deploye Belge, Jean Del'cour, KAMENEV, Moyens Industriels pour le Contrôle de l'Environnement, CEPHICO, H PACK, K-Holding +3 more

since 2025 · until 2030

TFR Solutions

Director · represented by Fraipont Thomas

Also active at: H PACK

since 2025 · until 2030

Sébastien Peutat

Director

Also active at: H PACK

since 2025 · until 2030

Shareholders

H Pack

100%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Rue des Chapeliers 39

4800 Verviers

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.

All companies at this address →

H PACK same network

€ 14,902 gross margin · 2025

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0402.294.434

VAT number

BE 0402.294.434

Registered office

Rue des Chapeliers 39, 4800 Verviers

Names & denominations

X - PACK

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

1 January 1968

Peppol

Active · Active since 18 Sept 2025

Activities · NACE

Vervaardiging van andere producten van kunststof

Vervaardiging van overige producten van kunststof

Vervaardiging van verpakkingsmateriaal van kunststof

View on CBE Public ↗ Annual accounts (NBB) ↗

X - PACK

Financials

What happened to X - PACK?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions