Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 2 of the last 3 fiscal years.
-
Two loss years in a row NBB
Negative result in 2022 and 2023.
-
Tight liquidity NBB
Cash and receivables cover 39 % of short-term debt in 2023; threshold 65 %.
-
Figures corrected NBB
Corrected annual account filed for 2021.
-
Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2023
BELPAK from Knokke-Heist, company number BE0414394589, closed financial year 2023 with a result of € -37,255 after tax. For that financial year BELPAK recorded a gross margin of € -32,658 and equity of € -68,651. Compared with financial year 2022, the result moved from € -57,820 to € -37,255. 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 August 29, 2024.
€ -68,651
▼ € 37,255 vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -37,255
▲ 36 % less loss than in 2022
Profit after tax over the fiscal year.
€ 5,727
▲ 13% vs 2022
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -87,243.
People and assets in 2023
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 96
▼ 71% vs 2022
No payroll staff. An amount this small is usually a social contribution or pension premium for the director, booked under staff costs.
Debts at end 2023
None
No bank loans on the last day of the fiscal year.
€ 6,934
▼ 4% vs 2022
Supplier invoices still open on the last day of the fiscal year.
€ 25,737
▲ 31% vs 2022
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
Want to see how much further we take a dossier in the Pro version? Open the free De Lijn example and give feedback →
| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Gross margin | € 9,970 | € -47,230 | € -32,658 | ▲ € 14,572 |
| Profit after taxes | € 5,200 | € -57,820 | € -37,255 | ▲ € 20,565 |
| Equity | € 26,424 | € -31,396 | € -68,651 | ▼ € 37,255 |
| Total debts | € 43,500 | € 80,277 | € 118,559 | ▲ 48% |
| Cash | € 6,572 | € 5,076 | € 5,727 | ▲ 13% |
| Retained profit | € 7,832 | € -49,988 | € -87,243 | ▼ € 37,255 |
| Bank debt | € 4 | € 0 | € 0 | |
| Balance sheet total | € 69,923 | € 48,881 | € 49,907 | ▲ 2% |
Key figures of BELPAK, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to BELPAK?
What happened at BELPAK in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
BELPAK is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2023: loss of € 37,255. filed late Source: NBB ↗
- New establishment in Brugge. KBO
- New establishment in Knokke-Heist. KBO
- Imran Butt became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 5,200 profit in 2021 to € 37,255 loss in 2023.
Paid € 5,528 in corporate taxes since 2021.
Best year ever: 2021, with € 5,200 profit.
A new publication or filing at BELPAK? We notify you, reason included.
Follow BELPAKDatabakkes Pro
Know what changes at your customers, suppliers and competitors. Without reading an annual account.
- Follow them in one folder Every company in your folder gets this full dossier: household book, all fiscal years, benchmark against companies of the same size.
- We alert you, with the reason New annual account, Official Gazette publication or status change: you get what changed and where it says so.
- In bulk too, and in ChatGPT and Claude Upload your customer list and get the warning signs back per company. Or ask in your own AI assistant, with this register as the source.
Databakkes Pro is being built. Sign up now and you are first in line for an invitation, with a month to try without a credit card.
De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind BELPAK is Imran Butt. Imran Butt is also behind SDF JOLIE.
Directors
According to the 2023 annual accounts
since 1993
Establishments
Establishment units
Physical locations of this company
Duindistelstraat 2H0
8300 Knokke-Heist
Omookaai 2
8380 Brugge
Active since 1 May 2021
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0414.394.589
- VAT number
- BE 0414.394.589
- Registered office
- Duindistelstraat 2H0, 8300 Knokke-Heist
- Names & denominations
- BELPAK
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opening faillissement
- Start date
- 12 July 1974
- Peppol
- Not registered
- Activities · NACE
Groothandel in uurwerken en sieraden
Groothandel in horloges en uurwerken, artikelen van edele metalen en sieraden