Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
Financials
Financial year 2025
PROPAC from Liège, company number BE0812158927, closed financial year 2025 with a result of € 124,132 after tax. For that financial year PROPAC recorded a gross margin of € 213,384 and equity of € 562,223. Compared with financial year 2024, the result moved from € 92,159 to € 124,132. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 3, 2026.
€ 562,223
▲ 28% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 124,132
▲ 35% vs 2024
Profit after tax over the fiscal year.
€ 44,625
▼ 77% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -37,777.
People and assets in 2025
1.6
▲ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 79,754
▲ 18% vs 2024
€ 49,800 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.
€ 6,800
▲ 13% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1.8 million
▼ 19% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 71,954
▲ 27% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 158,881 | € -44,511 | € 198,024 | € 213,384 | ▲ 8% |
| Profit after taxes | € -54,878 | € -173,080 | € 92,159 | € 124,132 | ▲ 35% |
| Equity | € 519,012 | € 345,933 | € 438,091 | € 562,223 | ▲ 28% |
| Total debts | € 2,303,332 | € 1,466,761 | € 2,246,976 | € 1,850,753 | ▼ 18% |
| Cash | € 957,688 | € 348,605 | € 198,037 | € 44,625 | ▼ 77% |
| Retained profit | € -68,988 | € -254,067 | € -161,909 | € -37,777 | ▲ € 124,132 |
| Balance sheet total | € 2,822,343 | € 1,812,694 | € 2,685,067 | € 2,412,976 | ▼ 10% |
| Employees (FTE) | 2.5 | 1 | 1.5 | 1.6 | ▲ 0.1 |
Key figures of PROPAC, 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 PROPAC?
What happened at PROPAC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Eric. Simonis stepped down as director. NBB
- Daniel Drion stepped down as director. NBB
- Laurence Hanssen stepped down as director. NBB
- Gaëtan Duyckaers stepped down as director. NBB
- Sébastien Dupont stepped down as director. NBB
- Vincent de Hey stepped down as director. NBB
- Eric Simonis stepped down as director. NBB
- Gilles Guinotte stepped down as director. NBB
In short
From € 54,878 loss in 2022 to € 124,132 profit in 2025.
Paid € 865 in corporate taxes since 2022.
Best year ever: 2025, with € 124,132 profit.
On average € 133,400 of value added per employee in 2025.
A new publication or filing at PROPAC? We notify you, reason included.
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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
The stake of LES ATELIERS DE L'AVENIR, Jean Del'cour, VAL DU GEER comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
PROPACBehind PROPAC are Roland Moens and Xavier Lhoest. The shares are held by LES ATELIERS DE L'AVENIR (52.9%), Jean Del'cour (33.3%) and VAL DU GEER (33.3%).
Directors
According to the 2025 annual accounts
Roland Moens
Director
Vincent. de Hey
Managing director
since 2023 · until 2026
Eric. Simonis
Managing director
since 2025 · until 2027
Daniel Drion
Director
Also active at: Jean Del'cour, LES ATELIERS DE L'AVENIR, La Calidifontaine, D&Y. ADVICE, JD'C INNOVATION
since 2025 · until 2027
Laurence Hanssen
Director
since 2025 · until 2027
Gaëtan Duyckaers
Director
since 2025 · until 2027
since 2025 · until 2027
Vincent de Hey
Director
since 2025 · until 2027
Eric Simonis
Director
since 2025 · until 2027
Gilles Guinotte
Director
since 2025 · until 2027
Léon-Maurice Haulet
Director
since 2025 · until 2027
since 2025 · until 2027
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue Ernest-Solvay 376
4000 Liège
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 →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
Google Workspace
Hosting
WIX_COM, IL
Domain
Domain
propac.be
Registered
2016-10-26
Website info
Features
Security
Details
- Company number
- 0812.158.927
- VAT number
- BE 0812.158.927
- Registered office
- Rue Ernest-Solvay 376, 4000 Liège
- Names & denominations
- PROPAC
- Enterprise type
- Rechtspersoon
- Legal form
- Cooperative company
- Legal situation
- Normale toestand
- Start date
- 9 June 2009
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- propac.be [email protected]
- Activities · NACE
Logistieke diensten
Vervaardiging van gegolfd papier, golfkarton en verpakkingsmateriaal van papier en karton
Overige vervoerondersteunende activiteiten