What does INCOPACK do?

INCOPACK is registered with the CBE as active in: Zuivelfabrieken en kaasmakerijen. Public Limited, started on 21 December 1987, 1 establishment.

What is the address of INCOPACK?

The registered office of INCOPACK is located at Siemenslaan 21, 3650 Dilsen-Stokkem.

Is INCOPACK still active?

Yes. According to the CBE (29 October 2026) INCOPACK is active, legal situation “Normale toestand”, started on 21 December 1987.

Is INCOPACK registered on Peppol?

Yes, INCOPACK is registered on the Peppol network with ID 0208:0432863488.

What is the enterprise number of INCOPACK?

The enterprise number of INCOPACK is BE0432863488.

When was INCOPACK founded?

INCOPACK was founded on 21 December 1987.

Who are the directors of INCOPACK?

According to the 2025 annual accounts, the directors of INCOPACK are: Gilbert's Management Company NV.

Is INCOPACK a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 21 December 1987; 5 annual accounts filed, latest fiscal year 2025; 1 directors known from the annual account.

How much profit did INCOPACK make in 2025?

INCOPACK posted a profit after taxes of € 16,513,968 in financial year 2025.

What is the revenue of INCOPACK?

In its most recent annual accounts (2025), INCOPACK reported revenue of € 144,416,742.

How much does an employee at INCOPACK earn?

The average wage cost per full-time employee at INCOPACK was € 68,000 in 2025: staff costs of € 8 million for 118.3 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does INCOPACK have?

According to the 2025 annual accounts, INCOPACK has 118.3 full-time equivalents (FTE).

INCOPACK (Public Limited) - Dilsen-Stokkem - BE0432863488

Dossier INCOPACK, printed on 29 October 2026 from databakkes.be/en/0432863488/incopack. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

INCOPACK from Dilsen-Stokkem, company number BE0432863488, closed financial year 2025 with a result of € 16.5 million after tax. For that financial year INCOPACK recorded revenue of € 144.4 million and equity of € 65.8 million. Compared with financial year 2024, the result moved from € 10.5 million to € 16.5 million. 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 June 1, 2026.

What it is worth Growing

€ 65.8 million

▲ 33% vs 2024

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

Profit Growing

€ 16.5 million

▲ 57% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 12 million

▼ 9% vs 2024

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

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 63.3 million.

People and assets in 2025

Full-time equivalents

118.3

▲ 2.7 vs 2024

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

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 10.9 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 8 million

▲ 11% vs 2024

€ 68,000 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

€ 2.1 million

▼ 22% vs 2024

Of which on lease € 1.9 million.

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.

€ 4.1 million

▼ 45% vs 2024

€ 720,940 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.

Owed to suppliers

€ 9.4 million

▼ 21% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 30 days on average.

Taxes and wages

€ 1.4 million

▲ 40% 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
Revenue	€ 118,999,805 Revenue 2022: € 118,999,805 First fiscal year in the series	€ 127,934,750 Revenue 2023: € 127,934,750 ▲ 8% vs 2022 (€ 118,999,805) Favourable step	€ 135,124,251 Revenue 2024: € 135,124,251 ▲ 6% vs 2023 (€ 127,934,750) Favourable step	€ 144,416,742 Revenue 2025: € 144,416,742 ▲ 7% vs 2024 (€ 135,124,251) Favourable step	▲ 7%
Profit after taxes	€ 3,400,089 Profit after taxes 2022: € 3,400,089 First fiscal year in the series	€ 16,026,308 Profit after taxes 2023: € 16,026,308 ▲ € 12.6 million vs 2022 (€ 3,400,089) Favourable step	€ 10,492,482 Profit after taxes 2024: € 10,492,482 ▼ 35% vs 2023 (€ 16,026,308) Unfavourable step	€ 16,513,968 Profit after taxes 2025: € 16,513,968 ▲ 57% vs 2024 (€ 10,492,482) Favourable step	▲ 57%
Equity	€ 24,787,995 Equity 2022: € 24,787,995 First fiscal year in the series	€ 38,814,303 Equity 2023: € 38,814,303 ▲ 57% vs 2022 (€ 24,787,995) Favourable step	€ 49,306,786 Equity 2024: € 49,306,786 ▲ 27% vs 2023 (€ 38,814,303) Favourable step	€ 65,820,754 Equity 2025: € 65,820,754 ▲ 33% vs 2024 (€ 49,306,786) Favourable step	▲ 33%
Total debts	€ 38,272,126 Total debts 2022: € 38,272,126 First fiscal year in the series	€ 27,522,744 Total debts 2023: € 27,522,744 ▼ 28% vs 2022 (€ 38,272,126) Favourable step	€ 24,813,060 Total debts 2024: € 24,813,060 ▼ 10% vs 2023 (€ 27,522,744) Favourable step	€ 19,431,280 Total debts 2025: € 19,431,280 ▼ 22% vs 2024 (€ 24,813,060) Favourable step	▼ 22%
Cash	€ 1,053,827 Cash 2022: € 1,053,827 First fiscal year in the series	€ 6,306,217 Cash 2023: € 6,306,217 ▲ € 5.3 million vs 2022 (€ 1,053,827) Favourable step	€ 13,199,996 Cash 2024: € 13,199,996 ▲ 109% vs 2023 (€ 6,306,217) Favourable step	€ 12,033,213 Cash 2025: € 12,033,213 ▼ 9% vs 2024 (€ 13,199,996) Unfavourable step	▼ 9%
Land & buildings	€ 2,592,640 Land & buildings 2022: € 2,592,640 First fiscal year in the series	€ 2,489,863 Land & buildings 2023: € 2,489,863 ▼ 4% vs 2022 (€ 2,592,640) Unchanged	€ 2,925,797 Land & buildings 2024: € 2,925,797 ▲ 18% vs 2023 (€ 2,489,863) Unchanged	€ 2,811,302 Land & buildings 2025: € 2,811,302 ▼ 4% vs 2024 (€ 2,925,797) Unchanged	▼ 4%
Retained profit	€ 22,308,995 Retained profit 2022: € 22,308,995 First fiscal year in the series	€ 36,335,303 Retained profit 2023: € 36,335,303 ▲ 63% vs 2022 (€ 22,308,995) Favourable step	€ 46,827,786 Retained profit 2024: € 46,827,786 ▲ 29% vs 2023 (€ 36,335,303) Favourable step	€ 63,341,754 Retained profit 2025: € 63,341,754 ▲ 35% vs 2024 (€ 46,827,786) Favourable step	▲ 35%
Dividend	€ 1,200,000 Dividend 2022: € 1,200,000 First fiscal year in the series	€ 2,000,000 Dividend 2023: € 2,000,000 ▲ 67% vs 2022 (€ 1,200,000) Unchanged	€ 0 Dividend 2024: € 0 ▼ 100% vs 2023 (€ 2,000,000) Unchanged	€ 0 Dividend 2025: € 0 Unchanged (€ 0) Unchanged
Bank debt	€ 15,764,699 Bank debt 2022: € 15,764,699 First fiscal year in the series	€ 8,783,924 Bank debt 2023: € 8,783,924 ▼ 44% vs 2022 (€ 15,764,699) Favourable step	€ 7,495,863 Bank debt 2024: € 7,495,863 ▼ 15% vs 2023 (€ 8,783,924) Favourable step	€ 4,146,050 Bank debt 2025: € 4,146,050 ▼ 45% vs 2024 (€ 7,495,863) Favourable step	▼ 45%
Balance sheet total	€ 63,060,121 Balance sheet total 2022: € 63,060,121 First fiscal year in the series	€ 66,495,313 Balance sheet total 2023: € 66,495,313 ▲ 5% vs 2022 (€ 63,060,121) Unchanged	€ 74,201,449 Balance sheet total 2024: € 74,201,449 ▲ 12% vs 2023 (€ 66,495,313) Unchanged	€ 85,358,719 Balance sheet total 2025: € 85,358,719 ▲ 15% vs 2024 (€ 74,201,449) Unchanged	▲ 15%
Employees (FTE)	101.2 Employees (FTE) 2022: 101.2 First fiscal year in the series	110.7 Employees (FTE) 2023: 110.7 ▲ 9.5 vs 2022 (101.2) Unchanged	115.6 Employees (FTE) 2024: 115.6 ▲ 4.9 vs 2023 (110.7) Unchanged	118.3 Employees (FTE) 2025: 118.3 ▲ 2.7 vs 2024 (115.6) Unchanged	▲ 2.7

Key figures of INCOPACK, 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 INCOPACK?

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

2031 Gilbert's Management Company NV stepped down as director. NBB
Jun 1, 2026 New annual accounts for financial year 2025: profit of € 16.5 million (▲ 57% vs 2024). Source: NBB ↗
2024 Gilbert's Management Company NV became a director. NBB
Jan 4, 1988 New establishment in Dilsen-Stokkem. KBO
Dec 21, 1987 Start of the company according to the CBE. KBO

In short

From € 3.4 million profit in 2022 to € 16.5 million profit in 2025.

Paid € 13.1 million in corporate taxes since 2022.

Best year ever: 2025, with € 16.5 million profit.

Paid out € 3.2 million in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

Gilbert's Management Company NV 100%

INCOPACK

KGS 63%

EURODESSERTS 20%

The shares are held by Gilbert's Management Company NV (100%). It owns 63% of KGS and 20% of EURODESSERTS itself.

Directors

According to the 2025 annual accounts

Gilbert's Management Company NV

Director · represented by Nathalie Nijs, Antonio Rodriguez

Also active at: KGS, ALL-FREEZ, Belgian Milk Company, EURODESSERTS, INCOROCK, LIMELCO

since 2024 · until 2031

Shareholders

Gilbert's Management Company NV

100%

Participations

KGS

63%

EURODESSERTS

20%

Establishments

Establishment units

Physical locations of this company

Registered office

Siemenslaan 21

3650 Dilsen-Stokkem

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.

All companies at this address →

GILBERT'S MANAGEMENT COMPANY same network

€ 316,667 revenue · 2025

INCOROCK same network

€ 6.3 million revenue · 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

0432.863.488

VAT number

BE 0432.863.488

Registered office

Siemenslaan 21, 3650 Dilsen-Stokkem

Names & denominations

INCOPACK

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

21 December 1987

Peppol

Active · Active since 31 Dec 2025

Activities · NACE

Zuivelfabrieken en kaasmakerijen

Vervaardiging van zuivelproducten

Vervaardiging van andere voedingsmiddelen, neg

Vervaardiging van overige voedingsmiddelen, n.e.g.

Activiteiten van verpakkingsbedrijven

Verpakkingsbedrijven

View on CBE Public ↗ Annual accounts (NBB) ↗

INCOPACK

Financials

What happened to INCOPACK?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions