DS Smith Packaging Belgium
0436.442.095 · rovalta.com · 22/09/2026
ACTIVE
DS Smith Packaging Belgium
Financial year 2025 · closed on 30/04/2025
Net result
-6,1 M €
-319.9% YoY
Revenue
116,3 M €
-4.8% YoY
Equity
22,6 M €
-21.3% YoY
Workforce
388,2 ETP
+1.7% YoY
Overview
What does DS Smith Packaging Belgium do?
DS Smith Packaging Belgium is a Public limited company incorporated in 1988. Its registered office is in Gent. It employs on average 388,2 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0436.442.095
Incorporation
29/12/1988
Legal form
Public limited company
Registered office
New-Orleansstraat 100
9000 Gent · FlandreSee on map
9000 Gent · FlandreSee on map
Contributed capital
51 400 000,00 €
Latest accounts
30/04/2025
Average workforce
388,2 ETP
Joint committees (2)
- 136
- 222
Signals
Solid equityPositive EBITDAHealthy social debtsHigh revenue
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Financials
Trend over 17 financial years
| 2025 | 2024 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2013 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||
| Revenue | 116,3 M € | -4.8% | 122,1 M € | -4.2% | 127,4 M € | +21.8% | 104,6 M € | -0.7% | 105,3 M € | -5.3% | 111,2 M € | +6.0% | 104,9 M € | +3.8% | 101,1 M € | +5.4% | 95,9 M € | +3.9% | 92,3 M € | -24.5% | 122,3 M € | +32.8% | 92,1 M € | +8.1% | 85,2 M € | +4.3% | 81,7 M € | -17.7% | 99,3 M € | -4.7% | 104,1 M € | +8.3% | 96,2 M € |
| EBITDA | 438,9 k € | -95.5% | 9,7 M € | +783% | -1,4 M € | -134% | 4,2 M € | -33.3% | 6,3 M € | +136% | 2,7 M € | -18.8% | 3,3 M € | -46.6% | 6,1 M € | +109% | 2,9 M € | -19.2% | 3,6 M € | -20.0% | 4,5 M € | +2762% | 158,3 k € | +106% | -2,7 M € | -262% | 1,7 M € | -65.4% | 4,8 M € | +5389% | 87,2 k € | +135% | -249,1 k € |
| Operating result | -4,1 M € | -171% | 5,8 M € | +213% | -5,1 M € | -594% | 1 M € | -72.2% | 3,7 M € | +3880% | 93,5 k € | -91.3% | 1,1 M € | -73.2% | 4 M € | +2214% | 174,2 k € | -86.7% | 1,3 M € | +342% | -543,1 k € | +87.5% | -4,3 M € | +37.4% | -6,9 M € | -124% | -3,1 M € | -38.4% | -2,2 M € | +67.6% | -6,9 M € | +14.8% | -8,1 M € |
| Net result | -6,1 M € | -320% | 2,8 M € | +149% | -5,6 M € | -1548% | 389,1 k € | -86.5% | 2,9 M € | +691% | -486,1 k € | -182% | 592,5 k € | -83.3% | 3,6 M € | +373% | 750,2 k € | -0.3% | 752,5 k € | +167% | -1,1 M € | +74.4% | -4,4 M € | +19.7% | -5,4 M € | -51.5% | -3,6 M € | +23.9% | -4,7 M € | +49.7% | -9,3 M € | -7.4% | -8,7 M € |
| Balance sheet | |||||||||||||||||||||||||||||||||
| Equity | 22,6 M € | -21.3% | 28,7 M € | +210% | 9,3 M € | -37.9% | 14,9 M € | +2.7% | 14,5 M € | +24.7% | 11,6 M € | -4.0% | 12,1 M € | +5.1% | 11,5 M € | +44.6% | 8 M € | +10.4% | 7,2 M € | +21.9% | 5,9 M € | -16.0% | 7,1 M € | -38.2% | 11,4 M € | +66.9% | 6,8 M € | +1504% | 426,5 k € | -91.7% | 5,1 M € | +1145% | 412,6 k € |
| Total assets | 65,5 M € | +1.1% | 64,8 M € | -4.5% | 67,9 M € | +29.4% | 52,5 M € | +15.9% | 45,3 M € | +22.3% | 37 M € | -1.5% | 37,6 M € | +2.3% | 36,7 M € | -12.5% | 42 M € | +19.4% | 35,1 M € | +24.4% | 28,3 M € | -20.7% | 35,6 M € | -0.8% | 35,9 M € | -16.9% | 43,2 M € | -28.5% | 60,4 M € | -12.1% | 68,8 M € | +1.7% | 67,6 M € |
| Cash | 1,5 M € | -20.1% | 1,8 M € | +240% | 538,7 k € | -74.6% | 2,1 M € | +224% | 654,7 k € | +97.2% | 332 k € | +42.5% | 232,9 k € | +149% | 93,4 k € | -75.7% | 384,9 k € | +33.0% | 289,3 k € | +143% | 119 k € | +21620% | 547,9 € | +68.6% | 325 € | -99.7% | 97,4 k € | -98.5% | 6,5 M € | +0.1% | 6,5 M € | +41.5% | 4,6 M € |
| Debts | 41,7 M € | +19.6% | 34,9 M € | -39.2% | 57,4 M € | +58.4% | 36,3 M € | +23.8% | 29,3 M € | +22.8% | 23,9 M € | +0.0% | 23,9 M € | +2.2% | 23,3 M € | -26.4% | 31,7 M € | +25.1% | 25,3 M € | +29.6% | 19,5 M € | -24.3% | 25,8 M € | +22.6% | 21,1 M € | -37.3% | 33,6 M € | -42.5% | 58,4 M € | -5.5% | 61,8 M € | -6.1% | 65,8 M € |
| Other | |||||||||||||||||||||||||||||||||
| Workforce | 388,2 ETP | +1.7% | 381,6 ETP | -0.9% | 384,9 ETP | +1.8% | 378,2 ETP | +1.7% | 372,0 ETP | +2.5% | 363,1 ETP | +1.4% | 358,0 ETP | +2.3% | 350,0 ETP | +1.5% | 344,9 ETP | +1.5% | 339,7 ETP | -0.8% | 342,3 ETP | -3.2% | 353,6 ETP | -8.2% | 385,2 ETP | -6.7% | 412,9 ETP | -8.2% | 450,0 ETP | -2.9% | 463,6 ETP | -1.6% | 470,9 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 30/04/2025 · 4 active · 22 ended
Active mandates
Ariane Goffin
ActiveJean-Marc Servais
ActiveKathleen Ghys
ActivePhilip Bautil
ActiveEnded mandates
Isabelle Rius
EndedIsabelle Rius
EndedBart Albrechts
EndedPhilip Bautil
EndedFinancials
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 | 01/05/2024 | 01/05/2023 | 01/05/2022 | 01/05/2021 | 01/05/2020 | 01/05/2019 |
| Closing of the financial year | 30/04/2025 | 30/04/2024 | 30/04/2023 | 30/04/2022 | 30/04/2021 | 30/04/2020 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 19/12/2025 | 25/10/2024 | 10/10/2023 | 11/10/2022 | 01/10/2021 | 12/10/2020 |
| General meeting | 18/12/2025 | 30/09/2024 | 02/10/2023 | 30/09/2022 | 30/09/2021 | 30/09/2020 |
| 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
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 |
|---|---|---|---|---|---|
| Full model | 30/04/2025 | 18/12/2025 | 19/12/2025 | Dutch | |
| Full model | 30/04/2024 | 30/09/2024 | 25/10/2024 | Dutch | |
| Full model | 30/04/2023 | 02/10/2023 | 10/10/2023 | Dutch | |
| Full model | 30/04/2022 | 30/09/2022 | 11/10/2022 | Dutch | |
| Full model | 30/04/2021 | 30/09/2021 | 01/10/2021 | Dutch | |
| Full model | 30/04/2020 | 30/09/2020 | 12/10/2020 | Dutch | |
| Full model | 30/04/2019 | 30/09/2019 | 21/10/2019 | Dutch | |
| Full model | 30/04/2018 | 01/10/2018 | 23/10/2018 | Dutch | |
| Full model | 30/04/2017 | 21/10/2017 | 24/10/2017 | Dutch | |
| Full model | 30/04/2016 | 30/09/2016 | 13/10/2016 | Dutch | |
| Full model | 30/04/2015 | 30/09/2015 | 12/10/2015 | Dutch | |
| Full model | 30/04/2014 | 30/09/2014 | 24/10/2014 | Dutch | |
| Full model | 30/04/2013 | 30/09/2013 | 21/10/2013 | Dutch | |
| Full model | 31/12/2011 | 31/05/2012 | 07/06/2012 | Dutch | |
| Full model | 31/12/2010 | 16/06/2011 | 03/08/2011 | Dutch | |
| Full model | 31/12/2009 | 17/06/2010 | 21/06/2010 | Dutch | |
| Full model | 31/12/2008 | 15/06/2009 | 24/06/2009 | Dutch | |
| m120-f-p | 31/12/2008 | 30/06/2009 | 29/07/2009 | Dutch | |
| Full model | 31/12/2007 | 13/06/2008 | 09/07/2008 | Dutch | |
| Full model | 31/12/2006 | 08/06/2007 | 06/07/2007 | 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 30/04/2025 · 4 active · 22 ended
Active mandates
Ariane Goffin
ActiveJean-Marc Servais
ActiveKathleen Ghys
ActivePhilip Bautil
ActiveEnded mandates
Isabelle Rius
EndedIsabelle Rius
EndedBart Albrechts
EndedPhilip Bautil
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates05/06/2026ONTSLAGEN - BENOEMINGEN
- Mandates26/05/2026ONTSLAGEN - BENOEMINGEN
- Mandates30/01/2026ONTSLAGEN - BENOEMINGEN
- Mandates23/01/2026ONTSLAGEN - BENOEMINGEN
- Capital / shares09/01/2026STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
- Other27/10/2025STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ALGEMENE VERGADERING - BOEKJAAR
- Mandates25/04/2024KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
- Other11/01/2024STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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
- 07/05/2026nominationKoen Verhaeghe — bestuurder
- 29/12/2025augmentation_capital
- 18/12/2025nominationDeloitte Bedrijfsrevisoren — commissaris
- 15/12/2025nominationAriane Marie-Claire J. GOFFIN — bestuurder
- 31/10/2025nominationJean-Marc Henri A Servais — bestuurder
- 2025Annual accounts 2025-6,1 M €↓
- 2024Annual accounts 20242,8 M €↑
- 09/04/2024augmentation_capital
- 30/09/2022nominationEY Bedrijfsrevisoren BV — commissaris
- 26/09/2022reconductionKathleen Ghys — bestuurder
- 26/09/2022reconductionPhilip Bautil — bestuurder
- 2022Annual accounts 2022-5,6 M €↓
- 2021Annual accounts 2021389,1 k €↓
- 2020Annual accounts 20202,9 M €↑
- 2019Annual accounts 2019-486,1 k €↓
- 2018Annual accounts 2018592,5 k €↓
- 2017Annual accounts 20173,6 M €↑
- 2016Annual accounts 2016750,2 k €↓
- 2015Annual accounts 2015752,5 k €↑
- 2013Annual accounts 2013-1,1 M €↑
- 2011Annual accounts 2011-4,4 M €↑
- 2010Annual accounts 2010-5,4 M €↓
- 2009Annual accounts 2009-3,6 M €↑
- 2008Annual accounts 2008-4,7 M €↑
- 2007Annual accounts 2007-9,3 M €↓
- 2006Annual accounts 2006-8,7 M €
- 29/12/1988IncorporationPublic limited company