Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 15 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
H PACK from Verviers, company number BE0717926692, closed financial year 2025 with a result of € -30,128 after tax. For that financial year H PACK recorded a gross margin of € 14,902 and equity of € 823,675. Compared with financial year 2024, the result moved from € -74,592 to € -30,128. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 3, 2026.
€ 823,675
▼ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -30,128
▲ 60 % less loss than in 2024
Profit after tax over the fiscal year.
€ 15,950
▼ 25% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 473,675.
Debts at end 2025
€ 368,000
▼ 6% vs 2024
€ 100,000 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 1,894
▲ 12% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 781
▲ 40% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 10,563 | € 15,661 | € 17,015 | € 14,902 | ▼ 12% |
| Profit after taxes | € 121,508 | € -75,789 | € -74,592 | € -30,128 | ▲ € 44,465 |
| Equity | € 954,184 | € 928,395 | € 853,803 | € 823,675 | ▼ 4% |
| Total debts | € 503,084 | € 454,358 | € 400,676 | € 386,257 | ▼ 4% |
| Cash | € 14,712 | € 68,894 | € 21,170 | € 15,950 | ▼ 25% |
| Retained profit | € 654,184 | € 578,395 | € 503,803 | € 473,675 | ▼ 6% |
| Bank debt | € 500,000 | € 450,000 | € 390,000 | € 368,000 | ▼ 6% |
| Balance sheet total | € 1,457,267 | € 1,382,753 | € 1,254,479 | € 1,209,932 | ▼ 4% |
Key figures of H PACK, 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 H PACK?
What happened at H PACK in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Philippe CLOSON stepped down as director. NBB
- QHAM stepped down as director. NBB
- Cédric MAERTENS stepped down as director. NBB
- TFR Solutions stepped down as director. NBB
- Sébastien PEUTAT stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 30,128. filed late Source: NBB ↗
- Philippe CLOSON became a director. NBB
- QHAM became a director. NBB
In short
From € 121,508 profit in 2022 to € 30,128 loss in 2025.
Best year ever: 2022, with € 121,508 profit.
Management
The stake of TFR Solutions comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
H PACKThe shares are held by TFR Solutions (14.2%). It owns 100% of X-Pack itself.
Directors
According to the 2025 annual accounts
Cédric MAERTENS
Associate
Also active at: X - PACK, PACARBEL, Metal Deploye Belge, Jean Del'cour, KAMENEV, Moyens Industriels pour le Contrôle de l'Environnement, CEPHICO, K-Holding +3 more
since 2025 · until 2031
since 2025 · until 2031
since 2025 · until 2031
Shareholders
14.2%
Participations
100%
Establishments
Establishment units
Physical locations of this company
Rue des Chapeliers 39
4800 Verviers
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.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
VERIXI, BE
Domain
Domain
x-pack.be
Registered
1999-07-01
Website info
Features
Security
Details
- Company number
- 0717.926.692
- VAT number
- BE 0717.926.692
- Registered office
- Rue des Chapeliers 39, 4800 Verviers
- Names & denominations
- H PACK
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 10 January 2019
- Peppol
- Active · Active since 10 Feb 2026
- Contact
- x-pack.be [email protected] +32479364860
- Activities · NACE
Activiteiten van holdings
Holdings
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Handel in eigen onroerend goed
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering