ACTIVE

KARTONNAGE LEFEVERE - BEEL

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Financial year 2025 · closed on 31/12/2025

Net result

3 M €

-14.9% YoY

Revenue

29,1 M €

+8.1% YoY

Equity

15,1 M €

+0.8% YoY

Workforce

81,6 ETP

+17.9% YoY

What does KARTONNAGE LEFEVERE - BEEL do?

KARTONNAGE LEFEVERE - BEEL is a Public limited company incorporated in 1973. Its main activity is: Manufacture of corrugated paper and paperboard and of containers of paper and paperboard. Its registered office is in Wielsbeke. It employs on average 81,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0413.759.339

Incorporation

27/12/1973

Legal form

Public limited company

Registered office

Driekoningenstraat(S.B.V.) 7
8710 Wielsbeke · FlandreSee on map

Contributed capital

520 701,30 €

Latest accounts

31/12/2025

Average workforce

81,6 ETP

Activities (NACE)

17210Manufacture of corrugated paper and paperboard and of containers of paper and paperboard· main 17210Manufacture of corrugated paper and paperboard and of containers of paper and paperboard 21210Manufacture of pharmaceutical preparations

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	29,1 M €	+8.1%	26,9 M €	-6.7%	28,8 M €	-47.2%	54,6 M €	+88.8%	28,9 M €	+12.8%	25,6 M €	-5.0%	27 M €	+2.0%	26,4 M €	+7.4%	24,6 M €	+6.4%	23,1 M €	+4.5%	22,1 M €	+6.5%	20,8 M €	+3.3%	20,1 M €	-15.2%	23,7 M €	-3.9%	24,7 M €	+18.0%	20,9 M €	+13.0%	18,5 M €	-17.2%	22,3 M €	+10.8%	20,2 M €
EBITDA	4,2 M €	-6.7%	4,5 M €	-17.4%	5,5 M €	-47.7%	10,5 M €	+262%	2,9 M €	+37.6%	2,1 M €	+91.5%	1,1 M €	-27.7%	1,5 M €	+6.4%	1,4 M €	-6.9%	1,5 M €	+52.6%	1 M €	+9.1%	923,5 k €	-20.9%	1,2 M €	+19.2%	978,6 k €	-12.2%	1,1 M €	-53.5%	2,4 M €	+2.8%	2,3 M €	+14.2%	2 M €	+28.6%	1,6 M €
Operating result	3,3 M €	-18.1%	4,1 M €	-18.8%	5 M €	-49.4%	9,9 M €	+329%	2,3 M €	+51.2%	1,5 M €	+208%	496,6 k €	-38.7%	810,8 k €	-21.1%	1 M €	+8.8%	944,9 k €	+134%	403,5 k €	+368%	86,2 k €	+243%	-60,4 k €	-117%	363,8 k €	+46.4%	248,6 k €	-85.3%	1,7 M €	+13.5%	1,5 M €	+30.9%	1,1 M €	+68.1%	677,5 k €
Net result	3 M €	-14.9%	3,5 M €	-13.7%	4 M €	-48.5%	7,8 M €	+311%	1,9 M €	+52.1%	1,2 M €	+137%	527 k €	-26.4%	715,6 k €	-22.8%	926,8 k €	+9.2%	849 k €	+97.6%	429,7 k €	+234%	128,5 k €	+177%	-166,8 k €	-146%	362,6 k €	-3.8%	376,8 k €	-72.6%	1,4 M €	+18.3%	1,2 M €	+21.4%	958,1 k €	+62.3%	590,5 k €
Balance sheet
Equity	15,1 M €	+0.8%	14,9 M €	-0.8%	15,1 M €	+33.4%	11,3 M €	+191%	3,9 M €	-13.4%	4,5 M €	+26.9%	3,5 M €	-53.8%	7,6 M €	+10.3%	6,9 M €	+11.0%	6,2 M €	+10.8%	5,6 M €	+6.2%	5,3 M €	+2.5%	5,2 M €	-45.1%	9,4 M €	+3.4%	9,1 M €	+3.7%	8,8 M €	+13.2%	7,8 M €	+11.6%	7 M €	+9.5%	6,3 M €
Total assets	24,3 M €	+30.2%	18,7 M €	-2.1%	19,1 M €	+18.6%	16,1 M €	+32.9%	12,1 M €	+3.8%	11,7 M €	-2.6%	12 M €	-12.9%	13,7 M €	+4.8%	13,1 M €	+1.8%	12,9 M €	+6.6%	12,1 M €	+1.1%	11,9 M €	-1.3%	12,1 M €	-3.9%	12,6 M €	-8.7%	13,8 M €	+0.8%	13,7 M €	+21.2%	11,3 M €	-0.5%	11,3 M €	-4.0%	11,8 M €
Cash	3,4 M €	+177%	1,2 M €	-89.7%	12 M €	+68.1%	7,1 M €	+1144%	573,1 k €	-58.4%	1,4 M €	+99.5%	690,5 k €	-50.5%	1,4 M €	+9.0%	1,3 M €	-26.3%	1,7 M €	+76.3%	985,5 k €	-4.2%	1 M €	-41.5%	1,8 M €	-63.5%	4,8 M €	+8.0%	4,5 M €	-12.2%	5,1 M €	+64.8%	3,1 M €	+384%	637,2 k €	-70.3%	2,1 M €
Debts	8,9 M €	+165%	3,3 M €	-7.4%	3,6 M €	-17.5%	4,4 M €	-43.0%	7,7 M €	+15.6%	6,6 M €	-17.1%	8 M €	+32.3%	6,1 M €	+2.2%	5,9 M €	-5.9%	6,3 M €	+1.8%	6,2 M €	-4.4%	6,5 M €	-4.6%	6,8 M €	+121%	3,1 M €	-33.5%	4,6 M €	-4.4%	4,8 M €	+39.7%	3,5 M €	-19.9%	4,3 M €	-19.2%	5,4 M €
Other
Workforce	81,6 ETP	+17.9%	69,2 ETP	+1.0%	68,5 ETP	-5.5%	72,5 ETP	-5.2%	76,5 ETP	0.0%	76,5 ETP	-4.9%	80,4 ETP	-0.7%	81,0 ETP	+11.7%	72,5 ETP	+1.4%	71,5 ETP	-5.8%	75,9 ETP	+4.8%	72,4 ETP	+2.0%	71,0 ETP	+1.9%	69,7 ETP	+5.1%	66,3 ETP	+4.2%	63,6 ETP	-0.8%	64,1 ETP	+4.9%	61,1 ETP	+7.2%	57,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 51 ended

Active mandates

BellRock

Managing director · since 22 décembre 2023 · until 06 juin 2028 · 0744.626.042

Represented by DIDIER LEFEVERE

Active

Marieke Lannoo

Director · since 22 décembre 2023 · until 06 juin 2028

Active

Ended mandates

BellRock

Director · since 03 mai 2022 · until 06 juin 2028 · 0744.626.042

Represented by DIDIER LEFEVERE

Ended

JULIE LEFEVERE

Director · since 03 mai 2022 · until 22 décembre 2023

Ended

JULIE LEFEVERE

Director · since 03 mai 2022 · until 06 juin 2028

Ended

ALMELIOR

Director · since 07 décembre 2021 · until 30 juin 2023 · 0568.822.351

Represented by BART VERVAECKE

Ended

At this address

Other companies at this address

Company	CBE no.
Bellefee● Active	0416.168.305
BellRock● Active	0744.626.042
BEST IMMO● Active	0442.414.822
BLF - RENTING● Active	0445.872.178
CREA PACK● Active	0433.665.521
F & P● Active	0454.006.124
KARMA● Active	0454.005.530
Lefevere Packaging● Active	0722.616.247

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	18 months	12 months	12 months
Filing date	14/09/2026	04/09/2025	12/06/2024	25/07/2023	21/12/2021	23/12/2020
General meeting	31/08/2026	03/06/2025	04/06/2024	30/06/2023	07/12/2021	01/12/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	31/08/2026	14/09/2026	Dutch	PDF
Full modelCorrection	31/12/2024	03/06/2025	04/09/2025	Dutch	PDF
Full model	31/12/2024	03/06/2025	11/06/2025	Dutch	PDF
Full model	31/12/2023	04/06/2024	12/06/2024	Dutch	PDF
Full model	31/12/2022	30/06/2023	25/07/2023	Dutch	PDF
Full model	30/06/2021	07/12/2021	21/12/2021	Dutch	PDF
Full model	30/06/2020	01/12/2020	23/12/2020	Dutch	PDF
Full model	30/06/2019	03/12/2019	05/12/2019	Dutch	PDF
Full model	30/06/2018	04/12/2018	10/12/2018	Dutch	PDF
Full model	30/06/2017	05/12/2017	20/12/2017	Dutch	PDF
Full model	30/06/2016	06/12/2016	07/12/2016	Dutch	PDF
Full model	30/06/2015	01/12/2015	10/12/2015	Dutch	PDF
Full model	30/06/2014	02/12/2014	28/01/2015	Dutch	PDF
Full model	30/06/2013	03/12/2013	16/01/2014	Dutch	PDF
Full model	30/06/2012	04/12/2012	07/12/2012	Dutch	PDF
Full model	30/06/2011	06/12/2011	12/01/2012	Dutch	PDF
Full model	30/06/2010	07/12/2010	31/01/2011	Dutch	PDF
Full model	30/06/2009	01/12/2009	03/02/2010	Dutch	PDF
Full model	30/06/2008	02/12/2008	02/12/2008	Dutch	PDF
Full model	30/06/2007	04/12/2007	04/12/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 51 ended

Active mandates

BellRock

Managing director · since 22 décembre 2023 · until 06 juin 2028 · 0744.626.042

Represented by DIDIER LEFEVERE

Active

Marieke Lannoo

Director · since 22 décembre 2023 · until 06 juin 2028

Active

Ended mandates

BellRock

Director · since 03 mai 2022 · until 06 juin 2028 · 0744.626.042

Represented by DIDIER LEFEVERE

Ended

JULIE LEFEVERE

Director · since 03 mai 2022 · until 22 décembre 2023

Ended

JULIE LEFEVERE

Director · since 03 mai 2022 · until 06 juin 2028

Ended

ALMELIOR

Director · since 07 décembre 2021 · until 30 juin 2023 · 0568.822.351

Represented by BART VERVAECKE

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Registered office24/07/2024
MAATSCHAPPELIJKE ZETEL
PDF
Mandates21/03/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/08/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/06/2022
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring23/02/2022
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Capital / shares23/12/2021
KAPITAAL - AANDELEN
PDF
Mandates04/08/2021
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 20253 M €↓
2024
Annual accounts 20243,5 M €↓
2023
Annual accounts 20234 M €↓
2022
Annual accounts 20227,8 M €↑
2021
Annual accounts 20211,9 M €↑
2020
Annual accounts 20201,2 M €↑
2019
Annual accounts 2019527 k €↓
2018
Annual accounts 2018715,6 k €↓
2017
Annual accounts 2017926,8 k €↑
2016
Annual accounts 2016849 k €↑
2015
Annual accounts 2015429,7 k €↑
2014
Annual accounts 2014128,5 k €↑
2013
Annual accounts 2013-166,8 k €↓
2012
Annual accounts 2012362,6 k €↓
2011
Annual accounts 2011376,8 k €↓
2010
Annual accounts 20101,4 M €↑
2009
Annual accounts 20091,2 M €↑
2008
Annual accounts 2008958,1 k €↑
2007
Annual accounts 2007590,5 k €
27/12/1973
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

KARTONNAGE LEFEVERE - BEEL

Overview

What does KARTONNAGE LEFEVERE - BEEL do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline