DS Smith Packaging Belgium
ActiveSummary
DS Smith Packaging Belgium has been active since 1988 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €40.5m and a net result of -€7.0m. Equity has been growing by about 11% per year since 2019. Its solvency ranks better than 51% of 95 sector peers (NACE 17, financial year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Overview
Official details
Source: KBO- Status
- Active since 29-12-1988 Normal situation
- Activity
- Manufacture of paper and paper products NACE 17210
- Joint committees
- 136 Paritair Comité voor de papier- en kartonbewerking
- 222 Paritair Comité voor de bedienden van de papier- en kartonbewerking · annual accounts 2025
- Establishment units
- 2.042.238.493 9000 Gent, since 15-02-1989
- 2.143.817.883 9255 Buggenhout, since 01-07-1989and 1 other
- Financial year end
- 31 December
- Peppol
- Reachable since 02-01-2026
Board and ownership
- Jean-Marc Henri A ServaisDirector · since 31-10-2025
- Ariane Marie-Claire J. GOFFINDirector · since 15-12-2025
- Koen VerhaegheDirector · since 07-05-2026
- DS Smith Packaging International BV100%annual accounts 30-04-2024
- International Paper Companyconsolidatesannual accounts 2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.0%
- Turnover
- €76.5m
- ▼ 34.2%
- Loss
- €7.0m
- ▲ 15.0%
- Equity
- €40.5m
- ▲ 79.5%
- Total assets
- €82.8m
- ▲ 26.5%
- Employees on 31-12-2025
- 379
- ▼ 7.1%
- 2025 accounts filed 60 days after the deadline
Score breakdownraises riskLiquidity: current ratio 1.06, cash €854,613Loss of €7.0m, the second in a row (financial year 2025)Sector: Manufacture of paper and paper products (NACE 17)Last filed accounts filed 60 days late; 1 of the last 3 accounts lateShow the evidence
Checked score
About 1 in 100 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 55% of them on solvency, 29% on liquidity and 5% on profitability.
The bankruptcy probability was computed on 01-11-2026 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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Signals
The company filed its last 7 accounts on average 24 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 (1)
Key points
Recent changes
- · Gazette deed Appointment: Deloitte Bedrijfsrevisoren (statutory auditor)Permanent representative: Tom Windelen
- · Gazette deed Appointment: Koen Verhaeghe (director)
- · Gazette deed Resignation: Kathleen Ghys (director)Appointment: Ariane Marie-Claire J. GOFFIN (director)
Comparable companies
These companies have the same main activity as DS Smith Packaging Belgium: manufacture of paper and paper products (NACE 17210). They are comparable in size and age: total assets between €40m and €142m, founded between 1975 and 1999.
| Company | Total assets | Turnover |
|---|---|---|
| DS Smith Packaging Belgium Gent | €82.8m | €76.5m |
| Smurfit Westrock Turnhout Turnhout | €82.0m | €119.7m |
| Smurfit Westrock Cartomills Mons | €141.8m | €98.3m |
| VAN GENECHTEN BIERMANS Turnhout | €47.9m | €83.0m |
| Sonoco Consumer Products Mechelen Mechelen | €53.8m | €84.4m |
| EUROPAL Mouscron | €77.8m | €62.2m |
| PACAPIME Halle | €40.0m | €56.6m |
Key facts about DS Smith Packaging Belgium
- What is the company number of DS Smith Packaging Belgium?
- The company number of DS Smith Packaging Belgium is 0436.442.095. The VAT number is the same number with BE in front: BE 0436.442.095.
- Where is DS Smith Packaging Belgium based?
- The registered office is at New-Orleansstraat 100, 9000 Gent.Company details
- What does DS Smith Packaging Belgium do?
- According to the KBO register, the main activity is manufacture of paper and paper products (NACE 17210).
- What is the legal form of DS Smith Packaging Belgium?
- The legal form of DS Smith Packaging Belgium is Public limited company (NV).
- When was DS Smith Packaging Belgium founded?
- DS Smith Packaging Belgium was founded on 29-12-1988.
- Is DS Smith Packaging Belgium still active?
- Yes, DS Smith Packaging Belgium is an active enterprise in the KBO register.
- How many employees does DS Smith Packaging Belgium have?
- DS Smith Packaging Belgium had an average of 369.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does DS Smith Packaging Belgium fall under?
- In its 2025 annual accounts, DS Smith Packaging Belgium states joint committees 136 (Paritair Comité voor de papier- en kartonbewerking) and 222 (Paritair Comité voor de bedienden van de papier- en kartonbewerking).
- What is the turnover of DS Smith Packaging Belgium?
- The turnover of DS Smith Packaging Belgium was €76.5m in financial year 2025, according to the filed annual accounts.
- Is DS Smith Packaging Belgium profitable?
- In financial year 2025, DS Smith Packaging Belgium made a loss of €7.0m.
- Where can I find the annual accounts of DS Smith Packaging Belgium?
- DS Smith Packaging Belgium filed 41 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
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