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 1 of the last 3 fiscal years.
-
Two loss years in a row NBB
Negative result in 2023 and 2024.
-
Tight liquidity NBB
Cash and receivables cover 57 % of short-term debt in 2024; threshold 65 %.
-
Figures corrected NBB
Corrected annual account filed for 2022.
Financials
Financial year 2024
GRAPHIC PACKAGING INTERNATIONAL EUROPE from Zaventem, company number BE0464702749, closed financial year 2024 with a result of € -4.9 million after tax. For that financial year GRAPHIC PACKAGING INTERNATIONAL EUROPE recorded revenue of € 63.8 million and equity of € -4.7 million. Compared with financial year 2023, the result moved from € -1.6 million to € -4.9 million. 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 January 14, 2026.
€ -4.7 million
▼ € 4.9 million vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -4.9 million
▼ 196 % more loss than in 2023
Profit after tax over the fiscal year.
€ 187,112
▲ 4% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -4.8 million.
People and assets in 2024
23.6
▼ 3.7 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 5.7 million
▼ 16% vs 2023
€ 242,300 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.
€ 367,402
▼ 10% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 48.7 million
▲ 90% vs 2023
Loans from banks and other lenders, long and short.
€ 24.6 million
▲ 56% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 114 days on average.
€ 762,115
▼ 67% vs 2023
Taxes, VAT and social contributions still to pay.
Want to see how much further we take a dossier in the Pro version? Open the free De Lijn example and give feedback →
| 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|
| Revenue | € 14,076,018 | € 51,174,199 | € 63,797,468 | ▲ 25% |
| Profit after taxes | € 315,803 | € -1,646,146 | € -4,876,772 | ▼ € 3.2 million |
| Equity | € 1,825,946 | € 179,800 | € -4,696,969 | ▼ € 4.9 million |
| Total debts | € 14,708,677 | € 43,966,796 | € 74,294,874 | ▲ 69% |
| Cash | € 68,022 | € 180,369 | € 187,112 | ▲ 4% |
| Retained profit | € 1,763,973 | € 117,827 | € -4,758,942 | ▼ € 4.9 million |
| Bank debt | € 2,861,127 | € 25,671,864 | € 48,728,049 | ▲ 90% |
| Balance sheet total | € 16,534,623 | € 44,146,596 | € 69,597,905 | ▲ 58% |
| Employees (FTE) | 24.4 | 27.3 | 23.6 | ▼ 3.7 |
Key figures of GRAPHIC PACKAGING INTERNATIONAL EUROPE, fiscal years 2022 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to GRAPHIC PACKAGING INTERNATIONAL EUROPE?
What happened at GRAPHIC PACKAGING INTERNATIONAL EUROPE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Glenn SWAELEN stepped down as director. NBB
- Lauren TASHMA stepped down as director. NBB
- Stephen SCHERGER stepped down as director. NBB
- Jean-François ROCHE stepped down as director. NBB
- New annual accounts for financial year 2024: loss of € 4.9 million. filed late Source: NBB ↗
- Glenn SWAELEN became a director. NBB
- Stephen SCHERGER became a director. NBB
- Jean-François ROCHE became a director. NBB
In short
From € 315,803 profit in 2022 to € 4.9 million loss in 2024.
Paid € 252,765 in corporate taxes since 2022.
Best year ever: 2022, with € 315,803 profit.
Pays suppliers within 114 days on average.
A new publication or filing at GRAPHIC PACKAGING INTERNATIONAL EUROPE? We notify you, reason included.
Follow GRAPHIC PACKAGING INTERNATIONAL EUROPEDatabakkes 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
Directors
According to the 2024 annual accounts
Glenn SWAELEN
Managing director
since 2022 · until 2026
Lauren TASHMA
Director
since 2014 · until 2026
Stephen SCHERGER
Director
since 2021 · until 2026
Jean-François ROCHE
Managing director
since 2020 · until 2026
Establishments
Establishment units
Physical locations of this company
Belgicastraat 5
1930 Zaventem
Lloyd Georgelaan 6 7
1000 Brussel
Active since 16 December 1998
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 0464.702.749
- VAT number
- BE 0464.702.749
- Registered office
- Belgicastraat 5, 1930 Zaventem
- Names & denominations
- GRAPHIC PACKAGING INTERNATIONAL EUROPE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 27 November 1998
- Peppol
- Active · Active since 19 Dec 2025
- Activities · NACE
Activiteiten van hoofdkantoren
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Overige adviesbureaus op het gebied van bedrijfsvoering en beheer
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering
Overige fiscale dienstverlening
Belastingconsulenten
Accountants en belastingconsulenten