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VPK PACKAGING

Active
Public limited companyfounded 199531 yrs activeOude baan (OUD) 120, 9200 Dendermonde, BelgiumKBO/BCE: BE 0454.520.026
Summary

VPK PACKAGING has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €48.3m and a net result of €10.2m. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 50% of 79 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).

Risk analysis Watch Report Compare
VPK PACKAGINGActiveChecked score 67/100
Risk analysis Report Compare

Checked score

Score 2024
67 / 100
Healthy
Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability67▼-16
Solvency70▲+4
Growth71▼-3
Track record100
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000,000 at 30 days acceptable
Liquidity tight (current ratio 1.23 against 1.38 in 2023; short-term debt: 54% of total assets), and 55.2% of the assets are financed with debt.
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Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 31 years 0 40 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 17
Relative position
BE, all sectors
reference
Manufacture of paper and paper products (NACE 17)
about 49% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
44.8%
Return on assets
9.4%
Age of the figures
21 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year €48.3m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-06-2025, 45 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
45 d early
2023
36 d early
2022
49 d early
2021
48 d early
2020
40 d early
2019
11 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 38 days before the deadline; the sector median for financial year 2024 is 13 days before the deadline, and 34% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 28 February 1995, VPK PACKAGING was incorporated.1 A capital increase in 2011 brought the capital to EUR 42 million.2 Revenue went from EUR 218 million in 2018 to EUR 337 million in 2024 and headcount from 530 to 568 full-time equivalents.3

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 27-07-2011
  3. 3National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, full schema

In the rankings #1 employer in Dendermonde, Manufacturing sector#3 company by total assets in Dendermonde, Manufacturing sector#3 company by equity in Dendermonde, Manufacturing sector
Turnover
€337.2m▼ 4.6%
2023 · €353.4m
EBIT margin
3.8%▼ 4.7pp
2023 · 8.6%
Net result
€10.2m▼ 58.0%
2023 · €24.2m
Working capital
€13.1m▼ 48.9%
2023 · €25.7m
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Turnover€247.6m▼ 5.5%€273.2m▲ 10.3%€372.6m▲ 36.4%€353.4m▼ 5.2%€337.2m▼ 4.6%
Operating result€5.5m▼ 23.6%-€7.1m€3.1m€30.2m▲ 888%€12.9m▼ 57.4%
Net result€6.6m▲ 19.2%-€3.4m€4.7m€24.2m▲ 413%€10.2m▼ 58.0%
EBIT margin2.2%▼ 0.5pp-2.6%▼ 4.8pp0.8%▲ 3.4pp8.6%▲ 7.7pp3.8%▼ 4.7pp
Equity€44.8m▼ 7.0%€41.4m▼ 7.7%€43.9m▲ 6.0%€48.1m▲ 9.6%€48.3m▲ 0.3%
Total assets€92.7m▼ 2.0%€85.6m▼ 7.6%€100.2m▲ 17.0%€117.7m▲ 17.5%€107.8m▼ 8.4%
Debt€47.1m▲ 3.0%€43.7m▼ 7.2%€55.9m▲ 27.9%€69.2m▲ 23.7%€59.3m▼ 14.4%
Working capital€23.1m▼ 6.3%€23.1m▲ 0.1%€25.7m▲ 11.1%€25.7m▲ 0.1%€13.1m▼ 48.9%
Staff (FTE)557▲ 4.5%559▲ 0.4%557.9▼ 0.2%563▲ 0.9%568.3▲ 0.9%
Result per fiscal year
Operating resultNet result
-€10.0m€0€10.0m€20.0m€30.0mOperating result 2020: €5.5m€5.5mNet result 2020: €6.6m€6.6mOperating result 2021: -€7.1m-€7.1mNet result 2021: -€3.4m-€3.4mOperating result 2022: €3.1m€3.1mNet result 2022: €4.7m€4.7mOperating result 2023: €30.2m€30.2mNet result 2023: €24.2m€24.2mOperating result 2024: €12.9m€12.9mNet result 2024: €10.2m€10.2m20202021202220232024€0€10m€20m€30mOperating result 2022: €3.1m€3.1mNet result 2022: €4.7m€4.7mOperating result 2023: €30.2m€30mNet result 2023: €24.2m€24mOperating result 2024: €12.9m€13mNet result 2024: €10.2m€10m202220232024
The operating result falls in 2024; 2024 is 57% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €107.8m
Fixed assets €36.5m ▲ 47.1%
Current assets €71.3m ▼ 23.2%
Equity and liabilities €107.8m
Equity €48.3m ▲ 0.3%
Provisions €249,670 ▼ 35.4%
Debt €59.3m ▼ 14.4%
Debt's share of the balance-sheet total falls from 58.8% to 55.0%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€16.6m▼
2023 · €34.8m
Cash flow
€13.9m▼
2023 · €28.8m
Current ratio
1.23▼
2023 · 1.38
Quick ratio
0.56▼
2023 · 0.84
Debt to equity
1.23▼
2023 · 1.44
ROE
21.1%▼
2023 · 50.4%
ROA
9.4%▼
2023 · 20.6%
Interest coverage
15.15▼
2023 · 210.47
Debt ≤ 1 year
€58.1m▼
2023 · €67.1m
Income taxes
€4.5m▼
2023 · €8.3m
Staff costs
€39.2m▲
2023 · €37.9m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 344 companies that looked in July 2024 the way this one looks now, 0% went bankrupt within 24 months and 98% are still going.

  • Large
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0% went bankrupt
2.3% stopped otherwise
98% still going

For this company itself Checked computes a higher bankruptcy probability: 0.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 344 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 87 lines
Balance sheet Code20232024
Assets
Total assets20/58€117.7m€107.8m▼
Fixed assets21/28€24.8m€36.5m▲
Intangible fixed assets21€521,093€932,790▲
Tangible fixed assets22/27€24.3m€35.5m▲
Land and buildings22€8.8m€8.8m▼
Plant, machinery and equipment23€11.6m€19.4m▲
Furniture and vehicles24€1.2m€1.2m▲
Assets under construction and advance payments27€2.6m€6.2m▲
Financial fixed assets28€18,423€16,923▼
Affiliated companies280/1€15,697€15,697=
Participating interests280€15,697€15,697=
Other financial fixed assets284/8€2,727€1,227▼
Amounts receivable and cash guarantees285/8€2,727€1,227▼
Current assets29/58€92.8m€71.3m▼
Stocks and contracts in progress3€36.3m€38.8m▲
Stocks30/36€36.3m€38.8m▲
Raw materials and consumables30/31€5.6m€6.1m▲
Work in progress32€575,108€573,904▼
Finished goods33€29.4m€31.7m▲
Goods purchased for resale34€660,235€479,635▼
Amounts receivable within one year40/41€56.4m€31.8m▼
Trade receivables40€18.7m€17.1m▼
Other amounts receivable41€37.6m€14.8m▼
Deferred charges and accrued income490/1€238,632€590,426▲
Equity and liabilities
Total equity and liabilities10/49€117.7m€107.8m▼
Equity10/15€48.1m€48.3m▲
Contributions10/11€29.0m€29.0m=
Capital10€29.0m€29.0m=
Issued capital100€29.0m€29.0m=
Reserves13€3.0m€3.0m=
Non-distributable reserves130/1€2.9m€2.9m=
Legal reserve130€2.9m€2.9m=
Distributable reserves133€100,235€100,235=
Profit (loss) carried forward14€16.1m€16.3m▲
Provisions and deferred taxes16€386,385€249,670▼
Provisions for liabilities and charges160/5€386,181€249,653▼
Pensions and similar obligations160€386,181€249,653▼
Deferred taxes168€204€17▼
Amounts payable17/49€69.2m€59.3m▼
Amounts payable after more than one year17€800,000-
Other amounts payable178/9€800,000-
Amounts payable within one year42/48€67.1m€58.1m▼
Trade debts44€40.3m€39.0m▼
Suppliers440/4€40.3m€39.0m▼
Taxes, remuneration and social security45€6.8m€8.4m▲
Taxes450/3€1.1m€2.3m▲
Remuneration and social security454/9€5.6m€6.0m▲
Other amounts payable47/48€20.0m€10.8m▼
Accrued charges and deferred income492/3€1.3m€1.1m▼
Income statement Code20232024
Operating income70/76A€360.0m€349.3m▼
Turnover70€353.4m€337.2m▼
Change in stocks of work in progress, finished goods and contracts in progress71-€2.4m€2.3m▲
Other operating income74€9.0m€9.7m▲
Non-recurring operating income76A-€221,328
Operating charges60/66A€329.8m€336.4m▲
Goods for resale, raw materials and consumables60€231.0m€236.8m▲
Purchases600/8€230.4m€237.3m▲
Change in stocks: decrease (increase)609€533,388-€496,612▼
Services and other goods61€55.8m€56.3m▲
Remuneration, social security and pensions62€37.9m€39.2m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4.6m€3.7m▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€259,863€213,290▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€20,383-€136,528▼
Other operating charges640/8€222,457€372,127▲
Operating profit (loss)9901€30.2m€12.9m▼
Financial income75/76B€3.8m€4.1m▲
Recurring financial income75€3.8m€4.1m▲
Income from financial fixed assets750€924,744€781,619▼
Other financial income752/9€2.9m€3.3m▲
Financial charges65/66B€1.5m€2.3m▲
Recurring financial charges65€1.5m€2.3m▲
Debt charges650€165,574€1.1m▲
Other financial charges652/9€1.3m€1.2m▼
Non-recurring financial charges66B-€25,000
Profit (loss) for the period before taxes9903€32.6m€14.7m▼
Transfer from deferred taxes780€580€186▼
Income taxes67/77€8.3m€4.5m▼
Taxes670/3€8.3m€4.5m▼
Profit (loss) for the period9904€24.2m€10.2m▼
Profit (loss) for the period to be appropriated9905€24.2m€10.2m▼
Appropriation of the result
Profit (loss) to be appropriated9906€36.7m€26.3m▼
Profit (loss) brought forward from the previous period14P€12.5m€16.1m▲
Transfer to equity691/2€600,715-
To the legal reserve6920€600,715-
Profit to be distributed694/7€20.0m€10.0m▼
Return on contributions (dividend)694€20.0m€10.0m▼
Social balance
Average headcount (FTE)9087563.0568.3▲

The notes to these accounts (74 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Operating income70/76A-€289.9m€392.0m€360.0m€349.3m▼ 3.0%
Turnover70€247.6m€273.2m€372.6m€353.4m€337.2m▼ 4.6%
Change in stocks of work in progress, finished goods and contracts in progress71-€5.9m€7.5m-€2.4m€2.3m▲ 195%
Other operating income74-€10.8m€11.2m€9.0m€9.7m▲ 6.9%
Non-recurring operating income76A-€21,368€776,690-€221,328-
Operating charges60/66A-€297.0m€389.0m€329.8m€336.4m▲ 2.0%
Goods for resale, raw materials and consumables60-€215.3m€293.5m€231.0m€236.8m▲ 2.5%
Purchases600/8-€218.2m€292.3m€230.4m€237.3m▲ 3.0%
Change in stocks: decrease (increase)609--€2.9m€1.1m€533,388-€496,612▼ 193%
Services and other goods61-€43.7m€56.2m€55.8m€56.3m▲ 0.9%
Remuneration, social security and pensions62-€32.5m€34.3m€37.9m€39.2m▲ 3.3%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5.2m€5.2m€4.6m€4.6m€3.7m▼ 19.2%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€172,993€162,313€259,863€213,290▼ 17.9%
Provisions for liabilities and charges: additions (uses and reversals)635/8--€185,777-€156,598€20,383-€136,528▼ 770%
Other operating charges640/8-€325,822€407,176€222,457€372,127▲ 67.3%
Non-recurring operating charges66A-€15,495€12,796---
Operating profit (loss)9901€5.5m-€7.1m€3.1m€30.2m€12.9m▼ 57.4%
Financial income75/76B-€5.3m€4.1m€3.8m€4.1m▲ 7.6%
Recurring financial income75€3.8m€5.3m€4.1m€3.8m€4.1m▲ 7.6%
Income from financial fixed assets750-€38,379€57,915€924,744€781,619▼ 15.5%
Other financial income752/9-€5.3m€4.1m€2.9m€3.3m▲ 15.0%
Financial charges65/66B-€1.7m€1.8m€1.5m€2.3m▲ 56.7%
Recurring financial charges65€2.2m€1.7m€1.8m€1.5m€2.3m▲ 55.0%
Debt charges650€62,749€75,691€72,902€165,574€1.1m▲ 562%
Other financial charges652/9-€1.6m€1.7m€1.3m€1.2m▼ 9.4%
Non-recurring financial charges66B-€1€950-€25,000-
Profit (loss) for the period before taxes9903€7.1m-€3.5m€5.4m€32.6m€14.7m▼ 55.0%
Transfer from deferred taxes780-€52,347€1,336€580€186▼ 67.9%
Income taxes67/77€532,172€652€660,718€8.3m€4.5m▼ 46.0%
Taxes670/3-€12,300€661,224€8.3m€4.5m▼ 46.0%
Tax adjustments and reversals of tax provisions77-€11,649€506---
Profit (loss) for the period9904€6.6m-€3.4m€4.7m€24.2m€10.2m▼ 58.0%
Profit (loss) for the period to be appropriated9905€6.6m-€3.4m€4.7m€24.2m€10.2m▼ 58.0%
Line20202021202220232024Change
Assets
Total assets20/58€92.7m€85.6m€100.2m€117.7m€107.8m▼ 8.4%
Fixed assets21/28€23.1m€20.4m€20.3m€24.8m€36.5m▲ 47.1%
Intangible fixed assets21€1.4m€1.2m€775,995€521,093€932,790▲ 79.0%
Tangible fixed assets22/27€21.6m€19.1m€19.5m€24.3m€35.5m▲ 46.4%
Land and buildings22-€4.6m€4.5m€8.8m€8.8m▼ 0.8%
Plant, machinery and equipment23-€13.4m€10.4m€11.6m€19.4m▲ 67.4%
Furniture and vehicles24-€592,476€1.4m€1.2m€1.2m▲ 0.4%
Assets under construction and advance payments27-€577,667€3.3m€2.6m€6.2m▲ 134%
Financial fixed assets28€21,051€18,423€18,423€18,423€16,923▼ 8.1%
Affiliated companies280/1-€15,697€15,697€15,697€15,697=
Participating interests280-€15,697€15,697€15,697€15,697=
Other financial fixed assets284/8-€2,727€2,727€2,727€1,227▼ 55.0%
Amounts receivable and cash guarantees285/8-€2,727€2,727€2,727€1,227▼ 55.0%
Current assets29/58€69.6m€65.3m€79.8m€92.8m€71.3m▼ 23.2%
Stocks and contracts in progress3€24.4m€33.1m€39.3m€36.3m€38.8m▲ 7.1%
Stocks30/36-€33.1m€39.3m€36.3m€38.8m▲ 7.1%
Raw materials and consumables30/31-€7.4m€6.1m€5.6m€6.1m▲ 8.3%
Work in progress32-€670,098€770,120€575,108€573,904▼ 0.2%
Finished goods33-€24.1m€31.4m€29.4m€31.7m▲ 7.8%
Goods purchased for resale34-€877,705€971,556€660,235€479,635▼ 27.4%
Amounts receivable within one year40/41€45.0m€32.0m€40.2m€56.4m€31.8m▼ 43.5%
Trade receivables40-€15.4m€24.2m€18.7m€17.1m▼ 8.7%
Other amounts receivable41-€16.6m€16.0m€37.6m€14.8m▼ 60.8%
Cash at bank and in hand54/58-€47----
Deferred charges and accrued income490/1-€187,356€430,134€238,632€590,426▲ 147%
Equity and liabilities
Total equity and liabilities10/49€92.7m€85.6m€100.2m€117.7m€107.8m▼ 8.4%
Equity10/15€44.8m€41.4m€43.9m€48.1m€48.3m▲ 0.3%
Contributions10/11€29.0m€29.0m€29.0m€29.0m€29.0m=
Capital10-€29.0m€29.0m€29.0m€29.0m=
Issued capital100-€29.0m€29.0m€29.0m€29.0m=
Reserves13€2.2m€2.2m€2.4m€3.0m€3.0m=
Non-distributable reserves130/1-€2.1m€2.3m€2.9m€2.9m=
Legal reserve130-€2.1m€2.3m€2.9m€2.9m=
Distributable reserves133-€100,235€100,235€100,235€100,235=
Profit (loss) carried forward14€13.7m€10.2m€12.5m€16.1m€16.3m▲ 1.0%
Provisions and deferred taxes16€762,639€524,516€366,581€386,385€249,670▼ 35.4%
Provisions for liabilities and charges160/5-€522,396€365,797€386,181€249,653▼ 35.4%
Pensions and similar obligations160-€522,396€365,797€386,181€249,653▼ 35.4%
Deferred taxes168-€2,120€784€204€17▼ 91.4%
Amounts payable17/49€47.1m€43.7m€55.9m€69.2m€59.3m▼ 14.4%
Amounts payable after more than one year17---€800,000--
Other amounts payable178/9---€800,000--
Amounts payable within one year42/48€46.5m€42.1m€54.1m€67.1m€58.1m▼ 13.4%
Trade debts44€30.6m€35.1m€44.9m€40.3m€39.0m▼ 3.4%
Suppliers440/4-€35.1m€44.9m€40.3m€39.0m▼ 3.4%
Taxes, remuneration and social security45-€7.1m€7.0m€6.8m€8.4m▲ 23.4%
Taxes450/3-€2.2m€1.7m€1.1m€2.3m▲ 103%
Remuneration and social security454/9-€4.8m€5.3m€5.6m€6.0m▲ 7.3%
Other amounts payable47/48--€2.3m€20.0m€10.8m▼ 46.0%
Accrued charges and deferred income492/3-€1.6m€1.8m€1.3m€1.1m▼ 11.3%
Line20202021202220232024Change
Profit (loss) for the period9904€6.6m-€3.4m€4.7m€24.2m€10.2m▼ 58.0%
+ Depreciation and write-downs630€5.2m€5.2m€4.6m€4.6m€3.7m▼ 19.2%
Operating cash flow (approximation)€11.8m€1.8m€9.3m€28.8m€13.9m▼ 51.8%
Investment in fixed assets (approximation)--€2.5m-€4.5m-€9.1m-€15.4m▼ 69.2%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
20-07
State Gazette act Reappointment: KPMG Bedrijfsrevisoren BV (statutory auditor)
Permanent representative: Filip De Bock3 facts ▸
  • General meeting, 05-06-2026
  • Auditor reappointment, KPMG Bedrijfsrevisoren BV
  • Permanent representative, Filip De Bock
2025
30-12
State Gazette act Statutes amendment
Capital decrease · Capital6 facts ▸
  • General meeting, 18-12-2025
  • Board meeting, 24-11-2025
  • Capital decrease, €12.913.491,62
  • Capital, €28.984.508,38
  • Statutes amendment
  • Statutes amendment
16-06
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
25-06
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial Highest result since 2018net €24.2m ▲413%
Operating result €30.2m, net result €24.2m, both a record.
13-11
State Gazette act Resignation: CAMAT BV (director)
Permanent representative: Wim MESSIAEN · Director discharge4 facts ▸
  • General meeting, 13-10-2023
  • Director resignation, CAMAT BV (director)
  • Permanent representative, Wim MESSIAEN
  • Director discharge, CAMAT BV
16-10
State Gazette act Resignations & appointments
Power of attorney4 facts ▸
  • Board meeting, 06-07-2023
  • Power of attorney, HRInHouse CommV
  • Power of attorney, 3 Advice BV
  • Power of attorney, Van Ongeval Consulting BV
20-07
State Gazette act Resignation: Sebalmak CommV (director)
Appointments: Camat BV (director) and Uni-Par NV (managing director) · Reappointments: Uni-Par NV, Wilco BV and 3 others · Permanent representatives: Filip De Bock and Dirk Ockerman18 facts ▸
  • General meeting, 02-06-2023
  • Director resignation, Sebalmak CommV (director)
  • Director discharge, Sebalmak CommV
  • Director appointment, Camat BV (director)
  • Mandate compensation, Camat BV
  • Director reappointment, Uni-Par NV (director)
  • Mandate compensation, Uni-Par NV
  • Director reappointment, Wilco BV (director)
  • Mandate compensation, Wilco BV
  • Director reappointment, Kemasan BV (director)
  • Mandate compensation, Kemasan BV
  • Director reappointment, CommV DNJ (director)
  • +6 further facts in this act
12-06
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial Back to profitnet €4.7m
Net result €4.7m after one loss-making year.
13-06
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial Weakest financial yearnet -€3.4m
Net result drops to -€3.4m, the lowest in the series; recovery starts the following year.
Show earlier events
24-09
State Gazette act Permanent representatives: Wim Naessens and Joke Reynaert
Power of attorney5 facts ▸
  • Board meeting, 01-09-2021
  • Power of attorney, 3 Advice BV
  • Permanent representative, Wim Naessens
  • Power of attorney, HRInHouse CommV
  • Permanent representative, Joke Reynaert
21-06
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
26-08
State Gazette act Appointments: Wilco BV, Sebalmak CommV. and KPMG Bedrijfsrevisoren CVBA
Permanent representatives: Jan Willaert, Dirk Ockerman and 2 others · Resignation: Ernst & Young Bedrijfsrevisoren BV CVBA (statutory auditor) · Mandate compensation11 facts ▸
  • General meeting, 26-06-2020
  • Director appointment, Wilco BV (director)
  • Permanent representative, Jan Willaert
  • Mandate compensation, Wilco BV
  • Director appointment, Sebalmak CommV. (director)
  • Permanent representative, Dirk Ockerman
  • Mandate compensation, Sebalmak CommV.
  • Director resignation, Ernst & Young Bedrijfsrevisoren BV CVBA (statutory auditor)
  • Permanent representative, Marleen Mannekens
  • Auditor appointment, KPMG Bedrijfsrevisoren CVBA (statutory auditor)
  • Permanent representative, Filip De Bock
20-07
NBB filing Annual accounts filed
fiscal year 2019 · full schema
30-04
State Gazette act Resignations: VPK Group NV (director) and Pierre Macharis (director and chair)
Appointment: Uni-Par NV (chair) · Director discharge · Officer role8 facts ▸
  • General meeting, 31-12-2019
  • Director resignation, VPK Group NV (director)
  • Director resignation, Pierre Macharis (director and chair)
  • Director discharge, VPK Group NV
  • Director discharge, Pierre Macharis
  • Board meeting, 31-12-2019
  • Director appointment, Uni-Par NV (chair)
  • Officer role, Pierre Macharis
2019
31-12
Financial Back to profitnet €5.6m
Net result €5.6m after one loss-making year.
24-06
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
05-12
State Gazette act Resignation: Perkament NV (director)
Permanent representatives: Jean-Paul Macharis and Nicolas Macharis · Appointment: Kemasan BVBA (director) · Director discharge7 facts ▸
  • General meeting
  • Director resignation, Perkament NV (director)
  • Director discharge, Perkament NV
  • Permanent representative, Jean-Paul Macharis
  • Director appointment, Kemasan BVBA (director)
  • Permanent representative, Nicolas Macharis
  • Mandate compensation, Kemasan BVBA
25-10
State Gazette act Reappointments: CommV DNJ (director) and VPK Packaging Group nv (director)
Appointment: Pierre Macharis (director)5 facts ▸
  • General meeting, 01-06-2018
  • Director reappointment, CommV DNJ (director)
  • Director reappointment, VPK Packaging Group nv (director)
  • General meeting, 30-08-2018
  • Director appointment, Pierre Macharis (director)
22-06
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
08-12
State Gazette act Reappointments: Uni-Par, Perkament and Ernst & Young Bedrijfsrevisoren BV CVBA
6 facts ▸
  • General meeting, 02-06-2017
  • Director reappointment, Uni-Par (director)
  • Director reappointment, Perkament (director)
  • Auditor reappointment, Ernst & Young Bedrijfsrevisoren BV CVBA (statutory auditor)
  • Board meeting, 02-06-2017
  • Director reappointment, Uni-Par (managing director)
27-06
NBB filing Annual accounts filed
fiscal year 2016 · full schema
13-04
State Gazette act Resignations & appointments
Power of attorney · Mandate term3 facts ▸
  • Board meeting, 10-02-2016
  • Power of attorney, Siebren De Schutter
  • Mandate term, onbepaalde duur
2016
24-11
State Gazette act Resignations: Marc Van Damme (director) and Jozef Schoonjans (director)
Director discharge5 facts ▸
  • General meeting, 03-06-2016
  • Director resignation, Marc Van Damme (director)
  • General meeting, 29-09-2016
  • Director resignation, Jozef Schoonjans (director)
  • Director discharge, Jozef Schoonjans
01-08
State Gazette act Restructuring
Demerger · Asset transfer · Net-asset statement6 facts ▸
  • General meeting, 18-07-2016
  • Demerger, partielle splitsing, EUR 21.960.344,78
  • Asset transfer, 30-04-2016
  • Net-asset statement, 30-04-2016
  • Power of attorney
  • Split proposal, 02-06-2016
16-06
NBB filing Annual accounts filed
fiscal year 2015 · full schema
14-06
State Gazette act Restructuring
Permanent representatives: Jean-Paul Macharis, Pierre Macharis and 2 others · Demerger · Capital34 facts ▸
  • Demerger, partielle splitsing door overname
  • Capital, €41.898.000
  • Board composition, Perkament NV (director)
  • Permanent representative, Jean-Paul Macharis
  • Board composition, Uni-Par NV (director)
  • Permanent representative, Pierre Macharis
  • Board composition, VPK Packaging Group NV (director)
  • Permanent representative, Pierre Macharis
  • Board composition, DNJ Comm. V. (director)
  • Permanent representative, Johan De Neef
  • Board composition, Jozef Schoonjans (director)
  • Board composition, Marc Van Damme (director)
  • +22 further facts in this act
22-03
State Gazette act Statutes amendment
Power of attorney7 facts ▸
  • General meeting, 08-03-2016
  • Statutes amendment
  • Statutes amendment
  • Statutes amendment
  • Statutes amendment
  • Statutes amendment
  • Power of attorney, Raad van bestuur
2014
30-09
State Gazette act Resignation: BVBA Jozef Schoonjans (director)
Appointments: Jozef Schoonjans (director) and Emst & Young Lippens & Rabaey Audit BV CVBA (statutory auditor) · Reappointment: Wilco BVBA (director) · Permanent representative: Jan Willaert6 facts ▸
  • General meeting, 27-03-2014
  • Director resignation, BVBA Jozef Schoonjans (director)
  • Director appointment, Jozef Schoonjans (director)
  • Director reappointment, Wilco BVBA (director)
  • Permanent representative, Jan Willaert
  • Auditor appointment, Emst & Young Lippens & Rabaey Audit BV CVBA
2012
19-11
State Gazette act Reappointments: VPK Packaging Group (director) and D.N.J. (director)
Permanent representatives: Pierre Macharis and Johan De Neef6 facts ▸
  • General meeting, 29-03-2012
  • Director reappointment, VPK Packaging Group (director)
  • Director reappointment, D.N.J. (director)
  • Permanent representative, Pierre Macharis
  • Permanent representative, Johan De Neef
  • Permanent representative, Pierre Macharis
2011
27-07
State Gazette act Capital & shares · Statutes amendment
Capital increase · Share issue · Capital6 facts ▸
  • General meeting, 08-07-2011
  • Capital increase, €1.308.965,52
  • Share issue, zonder nominale waarde, 191897
  • Capital increase, €38.691.034,48
  • Capital, €41.898.000
  • Statutes amendment
29-06
State Gazette act Appointments: Uni-Par, Perkament and Jean-Paul Macharis
Permanent representatives: Pierre Macharis and Jean-Paul Macharis6 facts ▸
  • Board meeting, 04-04-2011
  • Director appointment, Uni-Par (managing director)
  • Director appointment, Perkament (managing director)
  • Director appointment, Jean-Paul Macharis (chair)
  • Permanent representative, Pierre Macharis
  • Permanent representative, Jean-Paul Macharis
29-06
State Gazette act Reappointments: Uni-Par, Perkament and 2 others
Permanent representatives: Pierre Macharis, Jean-Paul Macharis and Jozef Schoonjans8 facts ▸
  • General meeting, 31-03-2011
  • Director reappointment, Uni-Par (director)
  • Permanent representative, Pierre Macharis
  • Director reappointment, Perkament (director)
  • Permanent representative, Jean-Paul Macharis
  • Director reappointment, Jozef Schoonjans (director)
  • Permanent representative, Jozef Schoonjans
  • Auditor reappointment, Grant Thornton, Lippens & Rabaey BVCV (statutory auditor)
2010
12-04
State Gazette act Resignations & appointments
Power of attorney6 facts ▸
  • Board meeting, 16-01-2010
  • Power of attorney, Mario David (bijzondere gevolmachtigde voor dagelijks bestuur)
  • Power of attorney, Inge Vandepitte (bijzondere gevolmachtigde voor dagelijks bestuur)
  • Power of attorney, DNJ GCV (bijzondere gevolmachtigde voor dagelijks bestuur)
  • Power of attorney, Wilco BVBA (bijzondere gevolmachtigde voor dagelijks bestuur)
  • Power of attorney, GCV HR SERVICES DE LEEUW (volmacht)
12-04
State Gazette act Appointment: Wilca (director)
Permanent representatives: Jan Willaert, Pierre Macharis and Jozef Schoonjans5 facts ▸
  • General meeting, 15-01-2010
  • Director appointment, Wilca (director)
  • Permanent representative, Jan Willaert
  • Permanent representative, Pierre Macharis
  • Permanent representative, Jozef Schoonjans
2008
17-11
State Gazette act Appointments: Perkament N.V. (gedelegeerd bestuurder en tevens voorzitter) and Uni-Par N.V. (managing director)
Permanent representatives: Jean-Paul Macharis, Pierre Macharis and Jozef Schoonjans6 facts ▸
  • Board meeting, 05-09-2008
  • Director appointment, Perkament N.V. (gedelegeerd bestuurder en tevens voorzitter)
  • Permanent representative, Jean-Paul Macharis
  • Director appointment, Uni-Par N.V. (managing director)
  • Permanent representative, Pierre Macharis
  • Permanent representative, Jozef Schoonjans
2007
25-06
State Gazette act Resignations: BVBA Vanhee (director) and Comm. Vennootschap Johan De Neef (director)
Permanent representatives: Johan Vanhee, Johan De Neef and 2 others · Appointment: DNJ (director)9 facts ▸
  • General meeting, 15-01-2007
  • Director resignation, BVBA Vanhee (director)
  • Permanent representative, Johan Vanhee
  • Director resignation, Comm. Vennootschap Johan De Neef (director)
  • Permanent representative, Johan De Neef
  • Director appointment, DNJ (director)
  • Permanent representative, Johan De Neef
  • Permanent representative, Pierre Macharis
  • Permanent representative, Jozef Schoonjans
2006
06-02
State Gazette act Reappointments: Perkament NV, Uni-Par NV and BVBA Jozef Schoonjans
Permanent representatives: Jean-Paul Macharis, Pierre Macharis and Jozef Schoonjans · Appointment: Uni-Par NV (managing director)8 facts ▸
  • General meeting, 31-03-2005
  • Director reappointment, Perkament NV (director)
  • Permanent representative, Jean-Paul Macharis
  • Director reappointment, Uni-Par NV (director)
  • Permanent representative, Pierre Macharis
  • Director reappointment, BVBA Jozef Schoonjans (director)
  • Permanent representative, Jozef Schoonjans
  • Director appointment, Uni-Par NV (managing director)
2003
13-08
State Gazette act Reappointment: B.D M & Co (statutory auditor)
2 facts ▸
  • General meeting, 31-05-2003
  • Auditor reappointment, B.D M & Co (statutory auditor)
2002
30-12
State Gazette act Resignation: Johan Vanhee (director)
Appointment: BVBA Vanhee (director) · Permanent representative: Johan Vanhee · Mandate term7 facts ▸
  • General meeting, 03-12-2002
  • Director resignation, Johan Vanhee (director)
  • Director appointment, BVBA Vanhee (director)
  • Permanent representative, Johan Vanhee
  • Mandate term, einde na de Gewone Algemene Vergadering in 2006
  • Shareholder, NV Un-Par
  • Shareholder, BVBA Jozef Schoonjans
30-12
State Gazette act Permanent representatives: Pierre Macharis, Jean-Paul Macharis and 2 others
Retroactive confirmation7 facts ▸
  • Board meeting, 18-12-2002
  • Permanent representative, Pierre Macharis
  • Permanent representative, Jean-Paul Macharis
  • Permanent representative, Jean-Paul Macharis
  • Permanent representative, Jozef Schoonjans
  • Permanent representative, Johan De Neef
  • Retroactive confirmation, 01-09-2002
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
29 of 29 acts read

Directors · office · real estate

Directors
under verification, no change since 2023
This board is reconstructed from a single act (23093947). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.

Board 4

D.N.J.
Director · since 15-01-2007 · Limited partnership · perm. rep.: Johan De Neef
Current
WILCO
Director · since 15-01-2010 · Private limited company · perm. rep.: Jan Willaert
Current
UNI-PAR
Director · since 31-03-2011 · Public limited company · perm. rep.: Pierre Macharis
Current
KEMASAN
Director · since 01-10-2018 · Private limited company · perm. rep.: Nicolas Macharis
Current
7 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
Uni-Par NV
Chair · since 31-12-2019 · Director · since 31-03-2005 · Legal entity · perm. rep.: Pierre Macharis
Not recently confirmed
Jean-Paul Macharis
Chair · since 17-06-2011
Not recently confirmed
N.V. Perkament
Gedelegeerd bestuurder en tevens voorzitter · since 05-09-2008 · Legal entity · perm. rep.: Jean-Paul Macharis
Not recently confirmed
Perkament NV
Director · since 31-03-2005 · Legal entity · perm. rep.: Jean-Paul Macharis
Not recently confirmed
VPK Group
Director · since 29-03-2012 · Public limited company · perm. rep.: Pierre Macharis
Not recently confirmed
SEBALMAK
Director · since 26-06-2020 · Limited partnership · perm. rep.: Dirk Ockerman
Not recently confirmed
Wilco BVBA
Director · Legal entity · perm. rep.: Jan Willaert
Not recently confirmed

Day-to-day management 1

UNI-PAR
Managing director · since 17-06-2011 · Public limited company · perm. rep.: Pierre Macharis
Current
3 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
Uni-Par NV
Managing director · since 31-03-2005 · Legal entity · perm. rep.: Pierre Macharis
Not recently confirmed
N.V. Perkament
Gedelegeerd bestuurder en tevens voorzitter · since 05-09-2008 · Legal entity · perm. rep.: Jean-Paul Macharis
Not recently confirmed
N.V. Uni-Par
Managing director · since 05-09-2008 · Legal entity · perm. rep.: Pierre Macharis
Not recently confirmed

Permanent representatives 4

Johan De Neef
Permanent representative · since 15-01-2007 · for D.N.J.
Current
Jan Willaert
Permanent representative · since 15-01-2010 · for WILCO
Current
Pierre Macharis
Permanent representative · since 31-03-2011 · for UNI-PAR
Current
Nicolas Macharis
Permanent representative · since 01-10-2018 · for KEMASAN
Current
2 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
Jean-Paul Macharis
Permanent representative · since 05-09-2008 · for N.V. Perkament
Not recently confirmed
Dirk Ockerman
Permanent representative · since 26-06-2020 · for SEBALMAK
Not recently confirmed

Statutory auditor 1

KPMG Bedrijfsrevisoren BV
Auditor · since 26-06-2020 · perm. rep.: Filip De Bock
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Dendermonde · 3 establishment units since 1995
seat establishment All 3 establishment units on the map
Ground area
18.6 ha
Building footprint
3.6 ha
Volume, LiDAR
422,545 m³
3 parcels, Flanders · tallest building 35.6 m, ±4 floors. Linked by address, not a title deed.
3 establishment units
Oude baan (OUD) 120, 9200 Dendermonde
NACE 2112202
since 19952.070.607.827
VPK PACKAGING
Industrielaan 13, 9320 AalstNACE 2112201
since 20062.163.346.953
VPK Packaging NV
Wijngaardveld 34, 9300 AalstManufacture of paper and paper products
since 20202.303.126.626
3 parcels
Flanders 3 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
42016B0865/00K003 Flanders 8.0 ha 1 · 1.8 ha 35.6 m · 4 fl.
41342B0983/00R000 Flanders 6.5 ha 1 · 1.8 ha 12.5 m · 3 fl.
41303D0052/00K000 Flanders 4.1 ha 1 · 271 m² 7.5 m · 2 fl.
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Mandate history

28 people since 2002, 13 in office
Show
  • Board
  • Day-to-day management
  • Statutory auditor
  • not recently confirmed
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
D.N.J.
  • Director, from 15-01-2007 to date
WILCO
  • Director, from 15-01-2010 to date
UNI-PAR
  • Director, already before 31-03-2011 to date
  • Managing director, from 17-06-2011 to date
KEMASAN
  • Director, from 01-10-2018 to date
KPMG Bedrijfsrevisoren BV
  • Auditor, from 26-06-2020 to date
Perkament NV
  • Director, already before 31-03-2005 not ended, last confirmed 06-02-2006
Uni-Par NV
  • Director, already before 31-03-2005 not ended, last confirmed 06-02-2006
  • Managing director, from 31-03-2005 not ended, last confirmed 06-02-2006
  • Chair, from 31-12-2019 not ended, last confirmed 30-04-2020
N.V. Perkament
  • Gedelegeerd bestuurder en tevens voorzitter, from 05-09-2008 not ended, last confirmed 17-11-2008
  • Gedelegeerd bestuurder en tevens voorzitter, from 05-09-2008 not ended, last confirmed 17-11-2008
Jean-Paul Macharis
  • Chair, from 17-06-2011 not ended, last confirmed 29-06-2011
VPK Group
  • Director, already before 29-03-2012 not ended, last confirmed 25-10-2018
Wilco BVBA
  • Director, already before 30-09-2014 not ended, last confirmed 30-09-2014
SEBALMAK
  • Director, from 26-06-2020 not ended, last confirmed 26-08-2020
N.V. Uni-Par
  • Managing director, from 05-09-2008 not ended, last confirmed 17-11-2008
CAMAT
  • Director, from 02-06-2023 to 13-10-2023
Sebalmak CommV
  • Director, until 02-06-2023
Emst & Young Lippens & Rabaey Audit BV CVBA
  • Auditor, from 27-03-2014 to 26-06-2020
Ernst & Young Bedrijfsrevisoren BV CVBA
  • Statutory auditor, from 02-06-2017 to 26-06-2020
Pierre Macharis
  • Director, from 30-08-2018 to 30-12-2019
VPK Group NV
  • Director, until 30-12-2019
PERKAMENT
  • Director, already before 31-03-2011 to 01-11-2018
  • Managing director, from 17-06-2011 ended, last mentioned 29-06-2011
Jozef Schoonjans
  • Director, from 01-04-2014 to 28-09-2016
Marc Van Damme
  • Director, until 26-05-2016
BVBA Jozef Schoonjans
  • Director, already before 31-03-2005 to 31-03-2014
BVCV Grant Thornton, Lippens & Rabaey
  • Statutory auditor, from 31-03-2011 to 27-03-2014
B.D M & Co
  • Statutory auditor, from 31-05-2003 to 31-03-2011
Comm. Vennootschap Johan De Neef
  • Director, until 01-01-2007
BVBA Vanhee
  • Director, from 05-12-2002 to 01-07-2006
Johan Vanhee
  • Director, until 05-12-2002
See the board, name and seat on a given date →

Articles of association

Purpose
Productie, in- en uitvoer van verpakkingsmateriaal in papier en karton en derivaten of andere materialen. Deze opsomming is niet beperkend en dient in de meest ruime zin van het…
Full purpose

Productie, in- en uitvoer van verpakkingsmateriaal in papier en karton en derivaten of andere materialen. Deze opsomming is niet beperkend en dient in de meest ruime zin van het woord te worden geïnterpreteerd.

according to the deed of 30-12-2025

Structure & network

Part of the group VPK Group 12 companies Group, risk and exposure

Owners and holdings

2 owners · 3 holdings

Chain of control

  1. VPK Group 99.99%
  2. VPK Paper 99.99%
  3. VPK PACKAGING

Highest known parent: VPK Group. The sources do not say who stands above it.

Owners 2

Holdings 3

According to the 2024 annual accounts of VPK PACKAGING and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

15 connected companies
Depth
ACERTA, Shared director AACERTAACERTA Consult, Shared director ACACERTA ConsultAcerta Services, Shared director ASAcertaServicesACERTA SOCIAAL SECRETARIAAT - ACERTA SECRETARIAT SOCIAL - ACERTA SOZIALSEKRETARIAT, Shared director ASACERTA SOCIAALSECRETARIAAT…ACERTA SOCIAAL VERZEKERINGSFONDS, Shared director ASACERTA SOCIAALVERZEKERINGSF…Acerta Verzekeringen, Shared director AVAcertaVerzekeringenARGON, 2 shared directors AARGONAXA BELGIUM, Shared director ABAXA BELGIUMConfédération of european paper industries, Shared director COConfédérationof european…ETION Synergia, Shared director ESETION SynergiainDUfed, Shared director IinDUfedLa Maison des Syndicats, Shared director LMLa Maison desSyndicatsPONTO, Shared director PPONTOSection Belge du Centre International de Recherches et d'Informations Sur l'Economie publique, sociale et coopérative, Shared director SBSection Belgedu Centre…VPK PACKAGING VPKPACKAGING0454.520.026
Shared directors
This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
ACERTA
Shared director
→
ACERTA Consult
Shared director
→
Acerta Services
Shared director
→
ACERTA SOCIAAL SECRETARIAAT - ACERTA SECRETARIAT SOCIAL - ACERTA SOZIALSEKRETARIAT
Shared director
→
Show 11 more companies with a shared director
ACERTA SOCIAAL VERZEKERINGSFONDS
Shared director
→
Acerta Verzekeringen
Shared director
→
ARGON
Shared director
→
AXA BELGIUM
Shared director
→
Confédération of european paper industries
Shared director
→
ETION Synergia
Shared director
→
inDUfed
Shared director
→
La Maison des Syndicats
Shared director
→
PONTO
Shared director
→
Section Belge du Centre International de Recherches et d'Informations Sur l'Economie publique, sociale et coopérative
Shared director
→
SHEHERAZADE Développement
Shared director
→

Acquisitions and mergers

1 transaction
Split off to:VPK PAPER
BE 0454.519.927partial demerger · State Gazette act of 01-08-2016 (2 acts)

Capital and shareholders

Shareholders according to the acts
Stated in the act act of 14-06-2016 ↗
  • VPK Paper NV (BE 0454.519.927) 278,249 shares
  • VPK Packaging Group NV 191,898 shares

The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.

Capital over the years
  1. 30-12-2025 Capital reduction of 12,913,491.62 EUR · to 28,984,508.38 EUR · in a demerger
  2. 14-06-2016 Capital stated in the act · 41,898,000 EUR · 470,147 shares
  3. 27-07-2011 Capital increase of 1,308,965.52 EUR · to 3,206,965.52 EUR
  4. 27-07-2011 Capital increase of 38,691,034.48 EUR · to 41,898,000 EUR · from reserves

Public money · subsidies and aid

Flemish government

2022 to 2025 · 6 entries · 96,861 EUR awarded · 96,861 EUR paid
Year Entries awardedpaid
2025 1 11,076 EUR11,076 EUR
2024 1 22,163 EUR22,163 EUR
2023 2 38,212 EUR38,212 EUR
2022 2 25,410 EUR25,410 EUR
Schemes
4 entries · 95,947 EUR · 95,947 EUR paid · Departement Werk en Sociale Economie
1 entry · 500 EUR · 500 EUR paid · Departement Werk en Sociale Economie
1 entry · 414 EUR · 414 EUR paid · Departement Werk en Sociale Economie

Recognitions · licences · registrations

Food safety, FASFC

3 sites
Aalst2.163.346.953
1 permission
Fabrikant verpakkingsmateriaal · since 18-11-2009
Aalst2.303.126.626
1 permission
Opslag andere dan levensmiddelen · since 20-06-2022
Dendermonde2.070.607.827
1 permission
Fabrikant verpakkingsmateriaal · since 21-12-2021

Dual-learning approval

2 live approvals
Elektrotechnicus (vwo)
Goedgekeurd · 2025 to 2030
Elektrotechnicus duaal (so)
Goedgekeurd · 2025 to 2030

Similar companies · same sector, comparable size

IWAN SIMONIS
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Dison · Eq €47.0m
IDEM PAPERS
BE 0400.344.734
Ittre · Eq €46.2m
GOLFKARTON SOENEN
BE 0402.753.995
Hooglede · Eq €50.9m
ESSITY PLD BELGIUM
BE 0794.400.504
Verviers · Eq €53.1m
Smurfit Westrock Turnhout
BE 0437.837.016
Turnhout · Eq €53.3m
Of 125 companies in sector 17120 we hold annual accounts for 92. 23 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded28-02-1995
Fiscal year end31-12
Activities, NACEBEL 2025
17120Manufacture of paper and paper products
17210Manufacture of paper and paper products
E-invoicing
Reachable via Peppol
Peppol ID 0208:0454520026
Also 9925:BE0454520026
Registered 07-12-2025

Register as of 27 September 2026 · Peppol Directory

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