Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 3 of the last 3 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 6 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Greif Packaging Belgium from Gent, company number BE0402934832, closed financial year 2025 with a result of € -104,769 after tax. For that financial year Greif Packaging Belgium recorded revenue of € 7,784 and equity of € -1.1 million. Compared with financial year 2023, the result moved from € 45,573 to € -104,769. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 29, 2026.
€ -1.1 million
▼ € 90,835 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -104,769
▼ still € 45,573 profit in 2023
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.2 million.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 14,754
▼ 77% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 107 days on average.
€ 6,680
▼ 59% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2025 | Change 2023 → 2025 | |
|---|---|---|---|---|
| Revenue | € 99,713 | € 107,369 | € 7,784 | ▼ 93% |
| Profit after taxes | € 43,994 | € 45,573 | € -104,769 | ▼ € 150,342 |
| Equity | € -1,015,389 | € -969,816 | € -1,060,651 | ▼ € 90,835 |
| Total debts | € 547,467 | € 481,200 | € 450,569 | ▼ 6% |
| Cash | € 141,222 | € 51,825 | - | |
| Land & buildings | € 122,430 | € 116,235 | € 103,291 | ▼ 11% |
| Retained profit | € -1,187,196 | € -1,141,623 | € -1,232,458 | ▼ € 90,835 |
| Balance sheet total | € 325,449 | € 232,887 | € 130,918 | ▼ 44% |
Key figures of Greif Packaging Belgium, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to Greif Packaging Belgium?
What happened at Greif Packaging Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 104,769 (▼ € 150,342 vs 2023). filed late Source: NBB ↗
- Michael Taylor became a director. NBB
- Marco Kraetz became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 43,994 profit in 2022 to € 104,769 loss in 2025.
Paid € 37,405 in corporate taxes since 2022.
Best year ever: 2023, with € 45,573 profit.
Pays suppliers within 107 days on average.
Management
Behind Greif Packaging Belgium are Michael Taylor and Marco Kraetz.
Directors
According to the 2025 annual accounts
Michael Taylor
Director
since 2026
Marco Kraetz
Director
since 2026
Establishments
Establishment units
Physical locations of this company
Industrieweg 20
9032 Gent
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 →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0402.934.832
- VAT number
- BE 0402.934.832
- Registered office
- Industrieweg 20, 9032 Gent
- Names & denominations
- Greif Packaging Belgium · Blagden Packaging Gent - Blagden Packaging
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 January 1968
- Peppol
- Active · Active since 24 Sept 2025
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Koudtrekken
Koudtrekken van staven
Vervaardiging van ijzer en staal en van ferrolegeringen