What does BELGAPACK do?

BELGAPACK is a woodworking business in Oudenaarde. Public Limited, started on 14 May 2007, 1 establishment.

What is the address of BELGAPACK?

The registered office of BELGAPACK is located at Kortrijkstraat 305, 9700 Oudenaarde.

Is BELGAPACK still active?

Yes. According to the CBE (31 October 2026) BELGAPACK is active, legal situation “Normale toestand”, started on 14 May 2007.

Is BELGAPACK registered on Peppol?

Yes, BELGAPACK is registered on the Peppol network with ID 0208:0889412992.

What is the enterprise number of BELGAPACK?

The enterprise number of BELGAPACK is BE0889412992.

When was BELGAPACK founded?

BELGAPACK was founded on 14 May 2007.

Who are the directors of BELGAPACK?

According to the 2025 annual accounts, the directors of BELGAPACK are: DE SPIEGELEER MANAGEMENT BV, KELLY THIENPONT.

Is BELGAPACK a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 14 May 2007; 5 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account.

How much profit did BELGAPACK make in 2025?

BELGAPACK posted a profit after taxes of € 669,906 in financial year 2025.

What is the revenue of BELGAPACK?

As a small company, BELGAPACK is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 2,313,400.

How much does an employee at BELGAPACK earn?

The average wage cost per full-time employee at BELGAPACK was € 51,000 in 2025: staff costs of € 1.2 million for 23.2 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does BELGAPACK have?

According to the 2025 annual accounts, BELGAPACK has 23.2 full-time equivalents (FTE).

BELGAPACK (Public Limited) - Oudenaarde - BE0889412992

Dossier BELGAPACK, printed on 31 October 2026 from databakkes.be/en/0889412992/belgapack. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Shrinking team NBB

FTE fell two years in a row, from 27 to 23.2.

Financials

Financial year 2025

BELGAPACK from Oudenaarde, company number BE0889412992, closed financial year 2025 with a result of € 669,906 after tax. For that financial year BELGAPACK recorded a gross margin of € 2.3 million and equity of € 3.3 million. Compared with financial year 2024, the result moved from € 492,416 to € 669,906. 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 15, 2026.

What it is worth Growing

€ 3.3 million

▲ 19% vs 2024

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

Profit Growing

€ 669,906

▲ 36% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 966,335

▲ 91% vs 2024

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

Where the profit goes Pays out

€ 150,000 paid out

22 % of the profit went to the shareholders, mostly to De Spiegeleer Management (99 % of the shares). That is where the money ends up.

People and assets in 2025

Full-time equivalents

23.2

▼ 1.3 vs 2024

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

Wage cost

€ 1.2 million

▼ 1% vs 2024

€ 51,000 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

€ 206,264

▼ 2% vs 2024

Of which on lease € 110,244.

Debts at end 2025

Bank debt ≈ 3 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.

€ 258,290

▼ 34% vs 2024

€ 83,461 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.

Owed to suppliers

€ 277,278

▲ 15% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 222,431

▲ 28% 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
Gross margin	€ 2,999,426 Gross margin 2022: € 2,999,426 First fiscal year in the series	€ 2,625,593 Gross margin 2023: € 2,625,593 ▼ 12% vs 2022 (€ 2,999,426) Unfavourable step	€ 2,147,849 Gross margin 2024: € 2,147,849 ▼ 18% vs 2023 (€ 2,625,593) Unfavourable step	€ 2,313,400 Gross margin 2025: € 2,313,400 ▲ 8% vs 2024 (€ 2,147,849) Favourable step	▲ 8%
Profit after taxes	€ 1,228,733 Profit after taxes 2022: € 1,228,733 First fiscal year in the series	€ 851,060 Profit after taxes 2023: € 851,060 ▼ 31% vs 2022 (€ 1,228,733) Unfavourable step	€ 492,416 Profit after taxes 2024: € 492,416 ▼ 42% vs 2023 (€ 851,060) Unfavourable step	€ 669,906 Profit after taxes 2025: € 669,906 ▲ 36% vs 2024 (€ 492,416) Favourable step	▲ 36%
Equity	€ 2,004,290 Equity 2022: € 2,004,290 First fiscal year in the series	€ 2,555,351 Equity 2023: € 2,555,351 ▲ 27% vs 2022 (€ 2,004,290) Favourable step	€ 2,797,767 Equity 2024: € 2,797,767 ▲ 9% vs 2023 (€ 2,555,351) Favourable step	€ 3,317,673 Equity 2025: € 3,317,673 ▲ 19% vs 2024 (€ 2,797,767) Favourable step	▲ 19%
Total debts	€ 1,812,231 Total debts 2022: € 1,812,231 First fiscal year in the series	€ 1,501,391 Total debts 2023: € 1,501,391 ▼ 17% vs 2022 (€ 1,812,231) Favourable step	€ 1,534,843 Total debts 2024: € 1,534,843 ▲ 2% vs 2023 (€ 1,501,391) Unfavourable step	€ 1,531,642 Total debts 2025: € 1,531,642 Unchanged (€ 1,534,843) Favourable step
Cash	€ 302,570 Cash 2022: € 302,570 First fiscal year in the series	€ 354,218 Cash 2023: € 354,218 ▲ 17% vs 2022 (€ 302,570) Favourable step	€ 505,892 Cash 2024: € 505,892 ▲ 43% vs 2023 (€ 354,218) Favourable step	€ 966,335 Cash 2025: € 966,335 ▲ 91% vs 2024 (€ 505,892) Favourable step	▲ 91%
Land & buildings	€ 1,029,361 Land & buildings 2022: € 1,029,361 First fiscal year in the series	€ 971,469 Land & buildings 2023: € 971,469 ▼ 6% vs 2022 (€ 1,029,361) Unchanged	€ 913,577 Land & buildings 2024: € 913,577 ▼ 6% vs 2023 (€ 971,469) Unchanged	€ 875,645 Land & buildings 2025: € 875,645 ▼ 4% vs 2024 (€ 913,577) Unchanged	▼ 4%
Retained profit	€ 1,904,290 Retained profit 2022: € 1,904,290 First fiscal year in the series	€ 2,455,351 Retained profit 2023: € 2,455,351 ▲ 29% vs 2022 (€ 1,904,290) Favourable step	€ 2,697,767 Retained profit 2024: € 2,697,767 ▲ 10% vs 2023 (€ 2,455,351) Favourable step	€ 3,217,673 Retained profit 2025: € 3,217,673 ▲ 19% vs 2024 (€ 2,697,767) Favourable step	▲ 19%
Dividend	€ 500,000 Dividend 2022: € 500,000 First fiscal year in the series	€ 300,000 Dividend 2023: € 300,000 ▼ 40% vs 2022 (€ 500,000) Unchanged	€ 250,000 Dividend 2024: € 250,000 ▼ 17% vs 2023 (€ 300,000) Unchanged	€ 150,000 Dividend 2025: € 150,000 ▼ 40% vs 2024 (€ 250,000) Unchanged	▼ 40%
Bank debt	€ 600,300 Bank debt 2022: € 600,300 First fiscal year in the series	€ 572,582 Bank debt 2023: € 572,582 ▼ 5% vs 2022 (€ 600,300) Favourable step	€ 393,567 Bank debt 2024: € 393,567 ▼ 31% vs 2023 (€ 572,582) Favourable step	€ 258,290 Bank debt 2025: € 258,290 ▼ 34% vs 2024 (€ 393,567) Favourable step	▼ 34%
Balance sheet total	€ 3,816,521 Balance sheet total 2022: € 3,816,521 First fiscal year in the series	€ 4,056,742 Balance sheet total 2023: € 4,056,742 ▲ 6% vs 2022 (€ 3,816,521) Unchanged	€ 4,332,610 Balance sheet total 2024: € 4,332,610 ▲ 7% vs 2023 (€ 4,056,742) Unchanged	€ 4,849,314 Balance sheet total 2025: € 4,849,314 ▲ 12% vs 2024 (€ 4,332,610) Unchanged	▲ 12%
Employees (FTE)	27.4 Employees (FTE) 2022: 27.4 First fiscal year in the series	27 Employees (FTE) 2023: 27 ▼ 0.4 vs 2022 (27.4) Unchanged	24.5 Employees (FTE) 2024: 24.5 ▼ 2.5 vs 2023 (27) Unchanged	23.2 Employees (FTE) 2025: 23.2 ▼ 1.3 vs 2024 (24.5) Unchanged	▼ 1.3

Key figures of BELGAPACK, 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 BELGAPACK?

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

Jun 15, 2026 New annual accounts for financial year 2025: profit of € 669,906 (▲ 36% vs 2024). Source: NBB ↗
May 14, 2007 New establishment in Oudenaarde. KBO
May 14, 2007 Start of the company according to the CBE. KBO

In short

From € 1.2 million profit in 2022 to € 669,906 profit in 2025.

Paid € 1 million in corporate taxes since 2022.

Best year ever: 2022, with € 1.2 million profit.

On average € 99,700 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

De Spiegeleer Management 99%

The stake of De Spiegeleer Management comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

BELGAPACK

Behind BELGAPACK are DE SPIEGELEER MANAGEMENT BV and KELLY THIENPONT. The shares are held by De Spiegeleer Management (99%).

Directors

According to the 2025 annual accounts

DE SPIEGELEER MANAGEMENT BV

Managing director · represented by Koen De Spiegeleer

KELLY THIENPONT

Director

Also active at: De Spiegeleer-Thienpont Immo

Shareholders

De Spiegeleer Management

99%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Kortrijkstraat 305

9700 Oudenaarde

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number: 0889.412.992
VAT number: BE 0889.412.992
Registered office: Kortrijkstraat 305, 9700 Oudenaarde
Names & denominations: BELGAPACK
Enterprise type: Rechtspersoon
Legal form: Public limited company
Legal situation: Normale toestand
Start date: 14 May 2007
Peppol: Active · Active since 15 Dec 2025
Activities · NACE: Zagen en schaven van hout

View on CBE Public ↗ Annual accounts (NBB) ↗