ACTIVE

MONROE PACKAGING

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Financial year 2025 · closed on 31/12/2025

Net result

476,7 k €

+58.2% YoY

Revenue

4,4 M €

+19.6% YoY

Equity

6,7 M €

+7.7% YoY

Workforce

50,9 ETP

-1.4% YoY

What does MONROE PACKAGING do?

MONROE PACKAGING is a Private limited company incorporated in 1989. Its registered office is in Sint-Truiden. It employs on average 50,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0437.471.483

Incorporation

02/05/1989

Legal form

Private limited company

Registered office

Sint-Jorisstraat 4520
3800 Sint-Truiden · FlandreSee on map

Contributed capital

3 719 000,00 €

Latest accounts

31/12/2025

Average workforce

50,9 ETP

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	4,4 M €	+19.6%	3,7 M €	-10.2%	4,1 M €	+6.3%	3,8 M €	-11.0%	4,3 M €	-4.4%	4,5 M €	-14.4%	5,3 M €	-9.7%	5,8 M €	-8.8%	6,4 M €	+18.7%	5,4 M €	+25.5%	4,3 M €	+1.6%	4,2 M €	+0.3%	4,2 M €	+10.0%	3,8 M €	-4.6%	4 M €	+10.7%	3,6 M €	+12.2%	3,2 M €	-9.3%	3,6 M €	-2.2%	3,6 M €	+5.7%	3,5 M €
EBITDA	584,6 k €	+114%	273,6 k €	+375%	57,6 k €	-9.3%	63,6 k €	-76.2%	267 k €	-56.9%	619,8 k €	-25.7%	834,6 k €	+1496%	52,3 k €	+45.6%	35,9 k €	-75.4%	146,1 k €	+180%	-182,1 k €	-230%	140,4 k €	+1.7%	138 k €	-2.0%	140,8 k €	-75.1%	564,8 k €	-22.1%	725,1 k €	-7.5%	783,7 k €	+22.1%	641,8 k €	-19.0%	792,6 k €	+7.5%	737,3 k €
Operating result	512,1 k €	+145%	209,2 k €	+1516%	12,9 k €	-58.2%	31 k €	-88.2%	263,2 k €	-57.3%	616,1 k €	-25.8%	830,8 k €	+1611%	48,6 k €	+50.9%	32,2 k €	-77.4%	142,3 k €	+178%	-182,5 k €	-231%	139,4 k €	+3.2%	135,2 k €	-2.4%	138,5 k €	-75.2%	559,7 k €	-21.9%	717 k €	-6.5%	766,6 k €	+29.1%	593,6 k €	-10.4%	662,7 k €	+5.7%	627 k €
Net result	476,7 k €	+58.2%	301,4 k €	+41.6%	212,8 k €	+532%	-49,3 k €	-148%	102,8 k €	-77.9%	464,5 k €	-45.4%	850,3 k €	+4607%	18,1 k €	+193%	-19,4 k €	-119%	100,6 k €	+1308%	7,1 k €	-97.8%	331,6 k €	+23.6%	268,3 k €	-15.8%	318,8 k €	-51.4%	655,9 k €	-12.0%	745,7 k €	-2.9%	767,9 k €	-8.3%	837,5 k €	+0.0%	837,1 k €	+30.7%	640,7 k €
Balance sheet
Equity	6,7 M €	+7.7%	6,2 M €	+5.1%	5,9 M €	+3.8%	5,7 M €	-0.9%	5,7 M €	+1.8%	5,6 M €	+9.0%	5,2 M €	+19.8%	4,3 M €	+0.4%	4,3 M €	-0.5%	4,3 M €	+2.4%	4,2 M €	-70.1%	14,1 M €	+2.4%	13,7 M €	+2.0%	13,5 M €	+2.4%	13,1 M €	+5.3%	12,5 M €	+6.4%	11,7 M €	+7.0%	11 M €	+8.3%	10,1 M €	+9.0%	9,3 M €
Total assets	8,6 M €	+22.3%	7 M €	+4.3%	6,7 M €	-8.0%	7,3 M €	-10.9%	8,2 M €	+27.8%	6,4 M €	+4.4%	6,1 M €	+11.9%	5,5 M €	+1.9%	5,4 M €	-3.4%	5,6 M €	+8.7%	5,1 M €	-65.5%	14,9 M €	+2.5%	14,5 M €	+2.7%	14,1 M €	+2.5%	13,8 M €	+5.2%	13,1 M €	+6.9%	12,2 M €	+6.4%	11,5 M €	+7.6%	10,7 M €	+4.5%	10,2 M €
Cash	369,5 €		–		–		–		–		–		–		–		–		521,9 €	-38.1%	843 €	-97.8%	37,8 k €	-25.4%	50,7 k €	+3851%	1,3 k €	+12839900%	0 €	-50.0%	0 €	-81.8%	0,1 €	-100.0%	261 €	-93.9%	4,3 k €	+116%	2 k €
Debts	1,9 M €	+133%	809,4 k €	-1.6%	822,5 k €	-49.3%	1,6 M €	-34.3%	2,5 M €	+212%	792 k €	-19.6%	985,4 k €	-16.2%	1,2 M €	+7.9%	1,1 M €	-13.0%	1,3 M €	+39.1%	900,3 k €	+16.7%	771,2 k €	+5.3%	732,1 k €	+21.8%	601,2 k €	+2.3%	587,8 k €	+3.0%	570,5 k €	+24.0%	460,2 k €	-6.7%	493 k €	-6.9%	529,5 k €	-41.3%	901,3 k €
Other
Workforce	50,9 ETP	-1.4%	51,6 ETP	-7.9%	56,0 ETP	-3.3%	57,9 ETP	-4.8%	60,8 ETP	-4.4%	63,6 ETP	-5.5%	67,3 ETP	-13.2%	77,5 ETP	+0.6%	77,0 ETP	+8.1%	71,2 ETP	+5.6%	67,4 ETP	+22.8%	54,9 ETP	-3.3%	56,8 ETP	+0.9%	56,3 ETP	+2.7%	54,8 ETP	+5.6%	51,9 ETP	+9.7%	47,3 ETP	-7.4%	51,1 ETP	-3.2%	52,8 ETP	-0.9%	53,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 39 ended

Active mandates

Edoardo Savio

Manager · since 02 avril 2026

Active

Thomas Vandael

Manager · since 02 avril 2026

Active

Bart Putzeys

Manager · since 01 janvier 2022 · until 01 avril 2026

Active

Luc Ceulemans

Manager · since 01 janvier 2022 · until 01 avril 2026

Active

Ended mandates

Bart Putzeys

Manager · since 01 janvier 2022

Ended

Luc Ceulemans

Manager · since 01 janvier 2022

Ended

Tom Valckenaers

Manager · since 01 janvier 2022 · until 16 janvier 2025

Ended

Tom Valckenaers

Manager · since 01 janvier 2022

Ended

At this address

Other companies at this address

Company	CBE no.
MONROE PENSIOENFONDS● Active	0446.207.027
TENNECO AUTOMOTIVE EUROPE● Active	0403.684.997
TENNECO AUTOMOTIVE EUROPE COORDINATION CENTER● Active	0437.581.846
TENNECO - GROEP● Active	0818.037.721
Tenneco Services Belgium● Active	1024.119.070

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	01/01/2022	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	09/07/2026	23/07/2025	17/07/2024	25/07/2023	25/07/2022	29/06/2021
General meeting	30/06/2026	30/06/2025	28/06/2024	30/06/2023	29/06/2022	25/06/2021
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

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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	30/06/2026	09/07/2026	Dutch	PDF
Full model	31/12/2024	30/06/2025	23/07/2025	Dutch	PDF
Full model	31/12/2023	28/06/2024	17/07/2024	Dutch	PDF
Full model	31/12/2022	30/06/2023	25/07/2023	Dutch	PDF
Full model	31/12/2021	29/06/2022	25/07/2022	Dutch	PDF
Full model	31/12/2020	25/06/2021	29/06/2021	Dutch	PDF
Full model	31/12/2019	08/09/2020	24/09/2020	Dutch	PDF
Full model	31/12/2018	28/06/2019	11/07/2019	Dutch	PDF
Full model	31/12/2017	29/06/2018	23/07/2018	Dutch	PDF
Full model	31/12/2016	30/06/2017	28/07/2017	Dutch	PDF
Full model	31/12/2015	14/06/2016	26/07/2016	Dutch	PDF
Full model	31/12/2014	10/06/2015	17/06/2015	Dutch	PDF
Full model	31/12/2013	06/06/2014	27/06/2014	Dutch	PDF
Full model	31/12/2012	14/06/2013	26/06/2013	Dutch	PDF
Full model	31/12/2011	22/06/2012	25/06/2012	Dutch	PDF
Full model	31/12/2010	13/05/2011	28/06/2011	Dutch	PDF
Full model	31/12/2009	28/05/2010	30/06/2010	Dutch	PDF
Full model	31/12/2008	29/05/2009	23/07/2009	Dutch	PDF
Full model	31/12/2007	09/05/2008	25/06/2008	Dutch	PDF
Full model	31/12/2006	11/05/2007	09/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 4 active · 39 ended

Active mandates

Edoardo Savio

Manager · since 02 avril 2026

Active

Thomas Vandael

Manager · since 02 avril 2026

Active

Bart Putzeys

Manager · since 01 janvier 2022 · until 01 avril 2026

Active

Luc Ceulemans

Manager · since 01 janvier 2022 · until 01 avril 2026

Active

Ended mandates

Bart Putzeys

Manager · since 01 janvier 2022

Ended

Luc Ceulemans

Manager · since 01 janvier 2022

Ended

Tom Valckenaers

Manager · since 01 janvier 2022 · until 16 janvier 2025

Ended

Tom Valckenaers

Manager · since 01 janvier 2022

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/07/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/07/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/01/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/09/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/07/2024
ONTSLAGEN - BENOEMINGEN
PDF
Other11/03/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ALGEMENE VERGADERING
PDF
Mandates12/04/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/11/2019
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 2025476,7 k €↑
2024
Annual accounts 2024301,4 k €↑
2023
Annual accounts 2023212,8 k €↑
2022
Annual accounts 2022-49,3 k €↓
2021
Annual accounts 2021102,8 k €↓
2020
Annual accounts 2020464,5 k €↓
2019
Annual accounts 2019850,3 k €↑
2018
Annual accounts 201818,1 k €↑
2017
Annual accounts 2017-19,4 k €↓
2016
Annual accounts 2016100,6 k €↑
2015
Annual accounts 20157,1 k €↓
2014
Annual accounts 2014331,6 k €↑
2013
Annual accounts 2013268,3 k €↓
2012
Annual accounts 2012318,8 k €↓
2011
Annual accounts 2011655,9 k €↓
2010
Annual accounts 2010745,7 k €↓
2009
Annual accounts 2009767,9 k €↓
2008
Annual accounts 2008837,5 k €↑
2007
Annual accounts 2007837,1 k €↑
2006
Annual accounts 2006640,7 k €
02/05/1989
IncorporationPrivate 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

MONROE PACKAGING

Overview

What does MONROE PACKAGING do?

Trend over 20 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