ACTIVE

Smurfit Westrock Turnhout

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Financial year 2025 · closed on 31/12/2025
Net result
3,5 M €
-82.1% YoY
Revenue
119,7 M €
+0.9% YoY
Equity
53,3 M €
+6.9% YoY
Workforce
330,7 ETP
-4.1% YoY

What does Smurfit Westrock Turnhout do?

Smurfit Westrock Turnhout is a Public limited company incorporated in 1989. Its registered office is in Turnhout. It employs on average 330,7 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0437.837.016
Incorporation
13/06/1989
Legal form
Public limited company
Registered office
Bremheidelaan 1
2300 Turnhout · FlandreSee on map
Contributed capital
11 403 102,14 €
Latest accounts
31/12/2025
Average workforce
330,7 ETP
Joint committees (2)
  • 136
  • 222
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 3 financial years

202520242023
Income statement
Revenue119,7 M €118,6 M €131,9 M €
EBITDA9,7 M €11,2 M €22,7 M €
Operating result5,9 M €7 M €19,6 M €
Net result3,5 M €19,2 M €13,6 M €
Balance sheet
Equity53,3 M €49,8 M €51,6 M €
Total assets82 M €77,8 M €84,3 M €
Cash–0 €6,8 k €
Debts27 M €26,2 M €31 M €
Other
Workforce330,7 ETP344,8 ETP346,7 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 3 ended

Active mandates

Jamal El-Allachi

Managing director · since 30 juin 2025 · until 30 juin 2028

Active
Peter Nackaerts

Director · since 30 juin 2025 · until 30 juin 2028

Active
Vincent Chaidron

Director · since 30 juin 2025 · until 30 juin 2028

Active

Ended mandates

Jamal El-Allachi

Managing director · since 24 juin 2022 · until 21 mai 2025

Ended
Peter Nackaerts

Director · since 24 juin 2022 · until 21 mai 2025

Ended
Vincent Chaidron

Director · since 24 juin 2022 · until 21 mai 2025

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date13/07/202617/07/202511/07/202417/07/202315/07/202222/07/2021
General meeting30/06/202630/06/202528/06/202423/06/202324/06/202230/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202530/06/202613/07/2026DutchPDF
Full model31/12/202430/06/202517/07/2025DutchPDF
Full model31/12/202328/06/202411/07/2024DutchPDF
Full model31/12/202223/06/202317/07/2023DutchPDF
Full model31/12/202124/06/202215/07/2022DutchPDF
Full model31/12/202030/06/202122/07/2021DutchPDF
Full model31/12/201930/06/202022/07/2020DutchPDF
Full model31/12/201827/06/201917/07/2019DutchPDF
Full model31/12/201729/06/201816/07/2018DutchPDF
Full model31/12/201630/06/201710/07/2017DutchPDF
Full model31/12/201530/06/201612/07/2016DutchPDF
Full model31/12/201430/06/201530/06/2015DutchPDF
Full model31/12/201320/06/201425/06/2014DutchPDF
Full model31/12/201224/06/201325/06/2013DutchPDF
Full model31/12/201121/06/201229/06/2012DutchPDF
Full model31/12/201030/06/201112/07/2011DutchPDF
Full modelCorrection31/12/200925/06/201024/01/2011DutchPDF
Full model31/12/200925/06/201028/06/2010DutchPDF
Full model31/12/200820/06/200926/06/2009DutchPDF
Full model31/12/200720/06/200826/06/2008DutchPDF
Full model31/12/200627/06/200729/06/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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 · 3 active · 3 ended

Active mandates

Jamal El-Allachi

Managing director · since 30 juin 2025 · until 30 juin 2028

Active
Peter Nackaerts

Director · since 30 juin 2025 · until 30 juin 2028

Active
Vincent Chaidron

Director · since 30 juin 2025 · until 30 juin 2028

Active

Ended mandates

Jamal El-Allachi

Managing director · since 24 juin 2022 · until 21 mai 2025

Ended
Peter Nackaerts

Director · since 24 juin 2022 · until 21 mai 2025

Ended
Vincent Chaidron

Director · since 24 juin 2022 · until 21 mai 2025

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates09/01/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares18/11/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - BENAMING - KAPITAAL - AANDELEN - ALGEMENE VERGADERING
    PDF
  • Capital / shares21/06/2024
    KAPITAAL - AANDELEN
    PDF
  • Mandates02/06/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates23/06/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates24/11/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates16/12/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates12/06/2019
    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

Timeline

  1. 2025
    Annual accounts 20253,5 M €↓
  2. 30/06/2025
    reconductionVincent Chaidron — bestuurder
  3. 30/06/2025
    reconductionJamal El-Allachi — bestuurder
  4. 30/06/2025
    reconductionPeter Nackaerts — bestuurder
  5. 2024
    Annual accounts 202419,2 M €↑
  6. 30/10/2024
    reconductionKPMG Bedrijfsrevisoren BV — commissaris
  7. 26/04/2024
    autreSmurfit Kappa Cartomills NV
  8. 2024
    Name changeSmurfit Westrock Turnhout NV
  9. 2023
    Annual accounts 202313,6 M €
  10. 2023
    Name changeSmurfit Kappa Turnhout
  11. 20/10/2022
    nominationSanne Vandebroek — vaste vertegenwoordiger van de commissaris
  12. 15/04/2022
    reconductionVincent Chaidron — bestuurder
  13. 15/04/2022
    reconductionJamal El-Allachi — bestuurder
  14. 15/04/2022
    reconductionPeter Nackaerts — bestuurder
  15. 15/04/2022
    nominationJamal El-Allachi — gedelegeerd bestuurder
  16. 13/06/1989
    IncorporationPublic limited company