BURGO ARDENNES
ActiveSummary
BURGO ARDENNES has been active since 1994 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €87.1m and a net result of €11.5m. Equity has been stable since 2018 (±0.5% per year). Its solvency ranks better than 41% of 95 sector peers (NACE 17, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Official details
Source: KBO- Status
- Active since 10-02-1994 Normal situation
- Activity
- Manufacture of paper and paper products NACE 17110and 2 others
- Joint committees
- 129 Paritair Comité voor de voortbrenging van papierpap, papier en karton
- 221 Paritair Comité voor de bedienden uit de papiernijverheid · annual accounts 2023
- Establishment unit
- 2.102.929.910 6762 Virton, since 16-02-1994
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Board and ownership
- Dominique PonceletGeneral manager
- Matteo Guglielmo D'AlbertoDirector
- Alberto SorgeDirector
- Auditor
- EY Réviseurs d'Entreprises SRL
- BURGO GROUP S.P.A.consolidatedLEI register
- Burgo groupannual accounts 2021
- Mosaïcoannual accounts 2021
- Holdings
- Shares in 2 companies BURGO IBERICA PAPEL and SOCIETE D'EXPLOITATION FORESTIARE DE L'EST
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.3%
- Turnover
- €379.1m
- ▼ 0.1%
- Profit
- €11.5m
- ▼ 24.0%
- Equity
- €87.1m
- ▼ 0.3%
- Total assets
- €219.8m
- ▼ 6.2%
- Employees on 31-12-2025
- 606
- ▼ 1.5%
Score breakdownraises riskLiquidity: current ratio 1.16, cash €10.1mSector: Manufacture of paper and paper products (NACE 17)1 of the last 3 accounts latelowers riskFounded in 1994Show the evidence
Checked score
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 17). It does better than 43% of them on solvency, 33% on liquidity, 64% on profitability and 37% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 10 days before the deadline. In the sector (NACE 17), the median for financial year 2024 was 13 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
Key points
Recent changes
- · Gazette deed Reappointment: EY Reviseurs d'Entreprises SRL (statutory auditor)
- · Gazette deed 2 directors appointed, 2 directors resigning, 5 reappointedReappointments: Girolamo Marchi, Ignazio Capuano and 3 others · Appointments: Matteo Guglielmo D'Alberto (director) and Dominique Poncelet (director) · Resignations: Giovanni LO PRESTI (director) and Francesco CONTE (director)
- · Gazette deed Amendment of the articlesGeneral meeting of 05-12-2023
Key facts about BURGO ARDENNES
- What is the company number of BURGO ARDENNES?
- The company number of BURGO ARDENNES is 0451.821.842. The VAT number is the same number with BE in front: BE 0451.821.842.
- Where is BURGO ARDENNES based?
- The registered office is at Rue de la Papeterie,St-Mard 1, 6762 Virton.Company details
- What does BURGO ARDENNES do?
- According to the KBO register, the main activity is manufacture of paper and paper products (NACE 17110).
- What is the legal form of BURGO ARDENNES?
- The legal form of BURGO ARDENNES is Public limited company (NV).
- When was BURGO ARDENNES founded?
- BURGO ARDENNES was founded on 10-02-1994.
- Is BURGO ARDENNES still active?
- Yes, BURGO ARDENNES is an active enterprise in the KBO register.
- How many employees does BURGO ARDENNES have?
- BURGO ARDENNES had an average of 591.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does BURGO ARDENNES fall under?
- In its 2023 annual accounts, BURGO ARDENNES states joint committees 129 (Paritair Comité voor de voortbrenging van papierpap, papier en karton) and 221 (Paritair Comité voor de bedienden uit de papiernijverheid).
- What is the turnover of BURGO ARDENNES?
- The turnover of BURGO ARDENNES was €379.1m in financial year 2025, according to the filed annual accounts.
- Is BURGO ARDENNES profitable?
- In financial year 2025, BURGO ARDENNES made a profit of €11.5m.
- Where can I find the annual accounts of BURGO ARDENNES?
- BURGO ARDENNES filed 32 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BURGO ARDENNES due?
- BURGO ARDENNES must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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