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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 1 % of short-term debt in 2025; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2024.
Financials
Financial year 2025
H-Pack from Sint-Katelijne-Waver, company number BE0894639215, closed financial year 2025 with a result of € 215,587 after tax. For that financial year H-Pack recorded a gross margin of € 439,457 and equity of € -482,358. Compared with financial year 2024, the result moved from € 175,530 to € 215,587. Profitable, and profit is growing. 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 June 11, 2026.
€ -482,358
▲ € 215,587 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 215,587
▲ 23% vs 2024
Profit after tax over the fiscal year.
€ 6,987
▲ 151% 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 € -2.6 million.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 28,645
▼ 35% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 7,273
▼ 18% 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 | € 157,462 | € 155,208 | € 452,653 | € 439,457 | ▼ 3% |
| Profit after taxes | € -321,699 | € -259,003 | € 175,530 | € 215,587 | ▲ 23% |
| Equity | € -614,471 | € -873,475 | € -697,944 | € -482,358 | ▲ € 215,587 |
| Total debts | € 2,014,904 | € 1,902,328 | € 1,398,672 | € 1,026,983 | ▼ 27% |
| Cash | € 3,630 | € 60,496 | € 2,785 | € 6,987 | ▲ 151% |
| Land & buildings | € 985,366 | € 836,123 | € 686,880 | € 537,638 | ▼ 22% |
| Retained profit | € -2,722,357 | € -2,981,360 | € -2,805,830 | € -2,590,243 | ▲ € 215,587 |
| Bank debt | € 49,223 | € 31,521 | € 13,595 | € 0 | ▼ 100% |
| Balance sheet total | € 1,400,433 | € 1,028,853 | € 700,728 | € 544,625 | ▼ 22% |
| Employees (FTE) | 5.7 | 4.3 | - | - |
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:
- New annual accounts for financial year 2025: profit of € 215,587 (▲ 23% vs 2024). Source: NBB ↗
- Dieter Stockx became a director. NBB
- Marc Smets became a director. NBB
- Philippe Appeltans became a director. NBB
- Marc Grauwels became a director. NBB
- Johan Op de Beeck became a director. NBB
- New establishment in Sint-Truiden. KBO
- Start of the company according to the CBE. KBO
In short
From € 321,699 loss in 2022 to € 215,587 profit in 2025.
Paid € 64 in corporate taxes since 2022.
Best year ever: 2025, with € 215,587 profit.
On average € 36,100 of value added per employee in 2023.
Management
Behind H-Pack are Philippe Appeltans, Dieter Stockx, Marc Grauwels, Johan Op de Beeck and Marc Smets. The shares are held by Belgische Fruitveiling (100%).
Directors
According to the 2025 annual accounts
Philippe Appeltans
Managing director
Also active at: BELGISCHE FRUITVEILING, KISTENPOOL VERBOND BELGISCHE TUINBOUWCOÖPERATIES, TECHNO-CON, LES VERGERS DE FERNELMONT, Sort & Pak Service, Meiveldkoeling, H-COOL
since 2023
since 2024
since 2023
Johan Op de Beeck
Director
Also active at: BELGISCHE FRUITVEILING, TECHNO-CON, LES VERGERS DE FERNELMONT, Sort & Pak Service, Meiveldkoeling, H-COOL
since 2023
Marc Smets
Director
Also active at: Verbond van Belgische Tuinbouwcoöperaties, BELGISCHE FRUITVEILING, TECHNO-CON, Vlaams Centrum voor Bewaring van Tuinbouwproducten, LOGISTIEKE EN ADMINISTRATIEVE VEILINGSASSOCIATIE, LES VERGERS DE FERNELMONT, Sort & Pak Service, FRESHCOOP +4 more
since 2024
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Mechelsesteenweg(PAS) 120
2860 Sint-Katelijne-Waver
Tongersesteenweg 3030
3800 Sint-Truiden
Active since 4 January 2008
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →TECHNO-CON same network
€ 1.4 million gross margin · 2025
Sort & Pak Service same network
€ 3.4 million gross margin · 2025
BelPi Genetics
€ -10,084 gross margin · 2025
Topigs Norsvin België Sales & Service
€ 1.4 million revenue · 2025
BMZ Thermo
+1 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0894.639.215
- VAT number
- BE 0894.639.215
- Registered office
- Mechelsesteenweg(PAS) 120, 2860 Sint-Katelijne-Waver
- Names & denominations
- H-Pack
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 4 January 2008
- Peppol
- Active · Active since 10 Dec 2025
- Activities · NACE
Behandeling van gewassen na de oogst en van zaden voor vermeerdering
Activiteiten van verpakkingsbedrijven