Financials
Financial year 2025
MILPAK from Kruisem, company number BE0430719293, closed financial year 2025 with a result of € 229,756 after tax. For that financial year MILPAK recorded a gross margin of € 737,567 and equity of € 871,127. Compared with financial year 2024, the result moved from € 143,400 to € 229,756. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 22, 2026.
€ 871,127
▲ 12% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 229,756
▲ 60% vs 2024
Profit after tax over the fiscal year.
€ 372,077
▲ 102% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 135,217 paid out
59 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 234,369
▲ 10% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 118,245
▲ 77% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 527,720
▼ 17% vs 2024
€ 62,114 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 101,191
▲ 59% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 136,053
▲ 109% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 719,414 | € 545,920 | € 656,770 | € 737,567 | ▲ 12% |
| Profit after taxes | € 242,125 | € 79,521 | € 143,400 | € 229,756 | ▲ 60% |
| Equity | € 650,481 | € 633,188 | € 776,588 | € 871,127 | ▲ 12% |
| Total debts | € 959,833 | € 883,339 | € 764,134 | € 829,570 | ▲ 9% |
| Cash | € 195,996 | € 155,354 | € 183,822 | € 372,077 | ▲ 102% |
| Land & buildings | € 918,488 | € 934,915 | € 856,627 | € 782,344 | ▼ 9% |
| Retained profit | € 631,881 | € 614,588 | € 757,988 | € 852,527 | ▲ 12% |
| Dividend | € 31,666 | € 96,814 | € 0 | € 135,217 | |
| Bank debt | € 881,838 | € 759,633 | € 635,654 | € 527,720 | ▼ 17% |
| Balance sheet total | € 1,610,314 | € 1,516,527 | € 1,540,722 | € 1,700,697 | ▲ 10% |
Key figures of MILPAK, 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 MILPAK?
What happened at MILPAK in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 229,756 (▲ 60% vs 2024). Source: NBB ↗
- New establishment in Kruisem. KBO
- Start of the company according to the CBE. KBO
In short
From € 242,125 profit in 2022 to € 229,756 profit in 2025.
Paid € 315,400 in corporate taxes since 2022.
Best year ever: 2022, with € 242,125 profit.
Paid out € 263,697 in dividends to the owners in total.
Management
Behind MILPAK is RIK VERSCHUERE.
Directors
According to the 2025 annual accounts
RIK VERSCHUERE
Director
Establishments
Establishment units
Physical locations of this company
Kazerneweg(KRU) 2 box B000
9770 Kruisem
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
- 0430.719.293
- VAT number
- BE 0430.719.293
- Registered office
- Kazerneweg(KRU) 2 bus B000, 9770 Kruisem
- Names & denominations
- MILPAK
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 24 March 1987
- Peppol
- Active · Active since 18 Dec 2025
- Activities · NACE
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Verpakkingsbedrijven