CNUDDE PACKAGING
0431.218.448 · rovalta.com · 23/09/2026
ACTIVE
CNUDDE PACKAGING
Financial year 2025 · closed on 31/12/2025
Net result
1,4 M €
+47.6% YoY
Gross margin
2,4 M €
+35.4% YoY
Equity
2,5 M €
+32.5% YoY
Workforce
9,4 ETP
+36.2% YoY
Overview
What does CNUDDE PACKAGING do?
CNUDDE PACKAGING is a Private limited company incorporated in 1987. Its main activity is: Manufacture of corrugated paper and paperboard and of containers of paper and paperboard. Its registered office is in Kruisem. It employs on average 9,4 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0431.218.448
Incorporation
18/05/1987
Legal form
Private limited company
Registered office
Karreweg(KRU) 149
9770 Kruisem · FlandreSee on map
9770 Kruisem · FlandreSee on map
Contributed capital
19 000,00 €
Latest accounts
31/12/2025
Average workforce
9,4 ETP
Activities (NACE)
17210Manufacture of corrugated paper and paperboard and of containers of paper and paperboard· main17210Manufacture of corrugated paper and paperboard and of containers of paper and paperboard21210Manufacture of pharmaceutical preparations46499Wholesale of other household goods46499Wholesale of other household goods51478Air transport
Joint committees (3)
- 100
- 200
- 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
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Financials
Trend over 12 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||
| Gross margin | 2,4 M € | +35.4% | 1,8 M € | +10.3% | 1,6 M € | +14.3% | 1,4 M € | -16.4% | 1,7 M € | +116% | 788,3 k € | +22.4% | 644,1 k € | -14.2% | 750,7 k € | +39.5% | 537,9 k € | -9.5% | 594,1 k € | +93.2% | 307,5 k € | -18.3% | 376,2 k € |
| EBITDA | 1,7 M € | +41.6% | 1,2 M € | +21.3% | 1 M € | +15.6% | 878,1 k € | -20.4% | 1,1 M € | +185% | 386,6 k € | +42.3% | 271,6 k € | -28.9% | 382,1 k € | +77.5% | 215,3 k € | -23.0% | 279,6 k € | +593% | 40,4 k € | -79.2% | 194,3 k € |
| Operating result | 1,7 M € | +43.5% | 1,2 M € | +25.4% | 937,3 k € | +15.3% | 813,2 k € | -21.0% | 1 M € | +267% | 280,6 k € | +152% | 111,1 k € | -53.7% | 239,8 k € | +319% | 57,2 k € | -50.9% | 116,5 k € | +192% | -127,3 k € | -806% | 18 k € |
| Net result | 1,4 M € | +47.6% | 917,3 k € | +38.4% | 662,9 k € | +11.1% | 596,5 k € | -20.7% | 751,9 k € | +200% | 250,8 k € | +334% | 57,8 k € | -73.3% | 216,7 k € | +724% | 26,3 k € | -56.3% | 60,2 k € | +122% | -272,2 k € | -12826% | -2,1 k € |
| Balance sheet | |||||||||||||||||||||||
| Equity | 2,5 M € | +32.5% | 1,9 M € | -4.3% | 2 M € | -14.5% | 2,3 M € | +4.1% | 2,3 M € | +210% | 726,8 k € | +59.1% | 456,8 k € | +14.5% | 399,1 k € | +119% | 182,4 k € | +16.8% | 156,1 k € | +62.7% | 95,9 k € | -73.9% | 368,2 k € |
| Total assets | 4,7 M € | -3.7% | 4,9 M € | +22.1% | 4 M € | -19.8% | 5 M € | +33.8% | 3,7 M € | +81.7% | 2 M € | -2.8% | 2,1 M € | +2.4% | 2,1 M € | +7.1% | 1,9 M € | -20.9% | 2,4 M € | +2.3% | 2,4 M € | -8.2% | 2,6 M € |
| Cash | 1,4 M € | -16.2% | 1,7 M € | +51.4% | 1,1 M € | -36.7% | 1,8 M € | +88.2% | 938 k € | +340% | 213 k € | +27.1% | 167,6 k € | -21.3% | 213 k € | +44.1% | 147,8 k € | +14.1% | 129,5 k € | +244% | 37,6 k € | -56.7% | 86,9 k € |
| Debts | 2,2 M € | -27.2% | 3 M € | +48.8% | 2 M € | -24.5% | 2,6 M € | +79.2% | 1,5 M € | +11.1% | 1,3 M € | -19.9% | 1,7 M € | -0.5% | 1,7 M € | -4.6% | 1,7 M € | -23.5% | 2,3 M € | -0.3% | 2,3 M € | +2.7% | 2,2 M € |
| Other | |||||||||||||||||||||||
| Workforce | 9,4 ETP | +36.2% | 6,9 ETP | -10.4% | 7,7 ETP | +2.7% | 7,5 ETP | -13.8% | 8,7 ETP | +40.3% | 6,2 ETP | +19.2% | 5,2 ETP | -14.8% | 6,1 ETP | 0.0% | 6,1 ETP | +3.4% | 5,9 ETP | +15.7% | 5,1 ETP | +37.8% | 3,7 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 10 M€ and 25 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 1 active · 3 ended
Active mandates
Active
Ended mandates
At this address
Other companies at this address
| Company | CBE no. |
|---|---|
CNUDDE CONCEPTS● Active | 0450.897.669 |
CNUDDE GROUP● Active | 0457.474.368 |
Cnudde Union● Active | 0506.996.630 |
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Abridged model | Abridged model | Abridged model | Abridged model | Abridged model | Abridged model |
| Start of the financial year | 01/01/2025 | 01/01/2024 | 01/01/2023 | 01/01/2022 | 01/01/2021 | 01/01/2020 |
| Closing of the financial year | 31/12/2025 | 31/12/2024 | 31/12/2023 | 31/12/2022 | 31/12/2021 | 31/12/2020 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 09/06/2026 | 20/05/2025 | 09/04/2024 | 26/04/2023 | 15/07/2022 | 31/03/2021 |
| General meeting | 04/06/2026 | 17/05/2025 | 29/03/2024 | 21/04/2023 | 30/06/2022 | 10/03/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 04/06/2026 | 09/06/2026 | Dutch | |
| Abridged model | 31/12/2024 | 17/05/2025 | 20/05/2025 | Dutch | |
| Abridged model | 31/12/2023 | 29/03/2024 | 09/04/2024 | Dutch | |
| Abridged model | 31/12/2022 | 21/04/2023 | 26/04/2023 | Dutch | |
| Abridged model | 31/12/2021 | 30/06/2022 | 15/07/2022 | Dutch | |
| Abridged model | 31/12/2020 | 10/03/2021 | 31/03/2021 | Dutch | |
| Abridged model | 31/12/2019 | 30/06/2020 | 30/06/2020 | Dutch | |
| Abridged model | 31/12/2018 | 17/06/2019 | 15/07/2019 | Dutch | |
| Abridged model | 31/12/2017 | 23/04/2018 | 04/05/2018 | Dutch | |
| Abridged model | 31/12/2016 | 05/05/2017 | 09/05/2017 | Dutch | |
| Abridged model | 31/12/2015 | 28/05/2016 | 16/06/2016 | Dutch | |
| Abridged model | 31/12/2014 | 29/05/2015 | 11/06/2015 | Dutch | |
| Abridged model | 31/12/2013 | 06/05/2014 | 27/05/2014 | Dutch | |
| Abridged model | 31/12/2012 | 26/08/2013 | 30/08/2013 | Dutch | |
| Abridged model | 31/12/2011 | 16/06/2012 | 25/06/2012 | Dutch | |
| Abridged model | 31/12/2010 | 18/06/2011 | 23/06/2011 | Dutch | |
| Abridged model | 31/12/2009 | 19/06/2010 | 23/06/2010 | Dutch | |
| Abridged model | 31/12/2008 | 20/06/2009 | 29/06/2009 | Dutch | |
| Abridged model | 31/12/2007 | 21/06/2008 | 30/06/2008 | Dutch | |
| Abridged model | 31/12/2006 | 16/06/2007 | 09/07/2007 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 10 M€ and 25 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 1 active · 3 ended
Active mandates
Active
Ended mandates
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 20251,4 M €↑
- 2024Annual accounts 2024917,3 k €↑
- 2023Annual accounts 2023662,9 k €↑
- 2022Annual accounts 2022596,5 k €↓
- 2021Annual accounts 2021751,9 k €↑
- 2012Annual accounts 2012250,8 k €↑
- 2011Annual accounts 201157,8 k €↓
- 2010Annual accounts 2010216,7 k €↑
- 2009Annual accounts 200926,3 k €↓
- 2008Annual accounts 200860,2 k €↑
- 2007Annual accounts 2007-272,2 k €↓
- 2006Annual accounts 2006-2,1 k €
- 18/05/1987IncorporationPrivate limited company