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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Tight liquidity NBB
Cash and receivables cover 0 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Van Genechten Packaging International from Turnhout, company number BE0462494515, closed financial year 2025 with a result of € 7.3 million after tax. For that financial year Van Genechten Packaging International recorded revenue of € 64,304 and equity of € 122.8 million. Compared with financial year 2024, the result moved from € 7.6 million to € 7.3 million. The company is profitable. 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 12, 2026.
€ 122.8 million
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 7.3 million
▼ 4% vs 2024
Profit after tax over the fiscal year.
€ 5,294
▼ 57% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 4.5 million paid out
62 % of the profit went to the shareholders, mostly to Van Genechten NV (100 % of the shares). That is where the money ends up.
Debts at end 2025
€ 70 million
€ 6 million is repaid this year. At this pace the long-term loan is gone in ≈ 12 years.
€ 60,711
▼ 61% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 93 days on average.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 47,927 | € 50,725 | € 60,477 | € 64,304 | ▲ 6% |
| Profit after taxes | € 1,729,000 | € 7,422,211 | € 7,575,763 | € 7,252,525 | ▼ 4% |
| Equity | € 113,541,519 | € 116,963,729 | € 120,039,492 | € 122,792,017 | ▲ 2% |
| Total debts | € 24,244,363 | € 29,490,639 | € 82,820,249 | € 77,133,314 | ▼ 7% |
| Cash | € 39,019 | € 88,733 | € 12,182 | € 5,294 | ▼ 57% |
| Land & buildings | € 251,710 | € 242,609 | € 233,509 | € 123,566 | ▼ 47% |
| Retained profit | € 9,631,519 | € 13,053,729 | € 16,129,492 | € 18,882,017 | ▲ 17% |
| Dividend | € 1,374,462 | € 4,000,000 | € 4,500,000 | € 4,500,000 | |
| Bank debt | € 20,000,000 | € 21,316,000 | € 70,000,000 | € 70,000,000 | |
| Balance sheet total | € 137,785,881 | € 146,454,368 | € 202,859,741 | € 199,925,331 | ▼ 1% |
Key figures of Van Genechten Packaging International, 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 Van Genechten Packaging International?
What happened at Van Genechten Packaging International in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Frebrec BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 7.3 million (▼ 4% vs 2024). Source: NBB ↗
- Sastraco BV stepped down as director. NBB
- Gemrick BV stepped down as director. NBB
- Ladivi BV stepped down as director. NBB
- Mopic BVBA stepped down as director. NBB
- Frebrec BV became a director. NBB
- Gemrick BV became a director. NBB
In short
From € 1.7 million profit in 2022 to € 7.3 million profit in 2025.
Paid € 1.3 million in corporate taxes since 2022.
Best year ever: 2024, with € 7.6 million profit.
Paid out € 14.4 million in dividends to the owners in total.
Management
The shares are held by Van Genechten NV (100%). It owns 100% of VG Meyzieu, 100% of VG Cartoncare, 100% of VG Gdansk, 100% of VG Polska, 100% of VG Ostprint and 100% of Van Genechten Packaging itself.
Directors
According to the 2025 annual accounts
Director · represented by Sabine Sagaert
Also active at: LOTUS BAKERIES, HESBAYEFROST, ARDO, HESBAYE IMMO
since 2023 · until 2026
since 2024 · until 2026
Director · represented by Dimitri de Somer
Also active at: Van Genechten Packaging, Van Genechten, IMAS, VAN GENECHTEN BIERMANS, Cartamundi, AESTAS
since 2024 · until 2026
Chairman of the board · represented by Frederic de Somer
Also active at: Van Genechten, IMAS, Cartamundi, AESTAS
since 2025 · until 2028
Director · represented by Pierre Bosseloo
Also active at: Van Genechten, NV VERMEIREN, Cartamundi, JOOSEN INVEST, ELSEN EQUIPMENT, VERMEIREN GROUP
since 2024 · until 2026
Shareholders
100%
Participations
VG Meyzieu
100%
100%
100%
100%
100%
VG Kvadra Pak
100%
VG Angouleme
100%
100%
100%
VG Komarom
100%
94%
Establishments
Establishment units
Physical locations of this company
Kempenlaan 6
2300 Turnhout
Raadsherenstraat 5
2300 Turnhout
Active since 13 March 1998
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
- 0462.494.515
- VAT number
- BE 0462.494.515
- Registered office
- Kempenlaan 6, 2300 Turnhout
- Names & denominations
- Van Genechten Packaging International · VGPI
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 21 January 1998
- Peppol
- Active · Active since 18 Dec 2025
- Activities · NACE
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