ACTIVE

PACAPIME

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Financial year 2025 · Closed on 31/12/2025

Net result1,4 M €-32,9 %over 1 year

Revenue56,6 M €+5,2 %over 1 year

Equity26,5 M €+5,7 %over 1 year

Workforce125,6 ETP+6,3 %over 1 year

Identity

Source · BCE/KBO

PACAPIME is a Public limited company incorporated in 1990. Its main activity is: Manufacture of paper and paperboard. Its registered office is in Halle. It employs on average 125,6 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0442.338.311
Incorporation: 19/12/1990
Legal form: Public limited company
Registered office: Noorderstraat 1
1500 Halle · FlandreSee on map
Contributed capital: 3 000 063,14 €
Latest accounts: 31/12/2025
Average workforce: 125,6 ETP

Activities (NACE)

17120Manufacture of paper and paperboard· main 17120Manufacture of paper and paperboard 17210Manufacture of corrugated paper and paperboard and of containers of paper and paperboard 17210Manufacture of corrugated paper and paperboard and of containers of paper and paperboard 21122Manufacture of basic pharmaceutical products 21210Manufacture of pharmaceutical preparations

Joint committees (4)

136
1360
222
2220

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	56,6 M €	+5.2%	53,8 M €	-1.2%	54,5 M €	-9.8%	60,4 M €	+21.4%	49,8 M €
EBITDA	3,5 M €	-12.1%	4 M €	-56.5%	9,2 M €	+209%	3 M €	-13.6%	3,4 M €
Operating result	1,2 M €	-42.8%	2 M €	-71.1%	7,1 M €	+868%	731,6 k €	-39.0%	1,2 M €
Net result	1,4 M €	-32.9%	2,1 M €	-62.3%	5,6 M €	+516%	909,8 k €	-31.2%	1,3 M €
Balance sheet
Equity	26,5 M €	+5.7%	25,1 M €	+9.2%	22,9 M €	-50.7%	46,6 M €	-34.1%	70,7 M €
Total assets	40 M €	+7.0%	37,4 M €	+3.3%	36,2 M €	-38.3%	58,7 M €	-25.1%	78,4 M €
Cash	3,1 M €	+98.1%	1,5 M €	-58.7%	3,7 M €	-13.1%	4,3 M €	-2.6%	4,4 M €
Debts	12,9 M €	+9.0%	11,9 M €	-6.7%	12,7 M €	+7.7%	11,8 M €	+65.4%	7,1 M €
Other
Workforce	125,6 ETP	+6.3%	118,2 ETP	+9.1%	108,3 ETP	-1.3%	109,7 ETP	+0.8%	108,8 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

6 active · 7 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Sternova1030.910.753Represented by Laurent Pissens	Director02/02/2026 → 02/02/2032
Lucie Pissens	Director20/06/2025 → 02/02/2032
Susana Alejandro Balet	Director22/01/2024 → 02/02/2032
Cathérine Pissens	Director19/07/2023 → 02/02/2032
Céline Pissens	Director19/07/2023 → 02/02/2032
Vennova0536.515.611Represented by Paul PISSENS	Chairman of the board of directors19/07/2023 → 02/02/2032Director16/06/2014 → 2014 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Ramon Alejandro Balet	Director19/07/2023 → 2023 accounts
Isabelle Olbrechts	Director16/06/2014 → 2019 accounts
PHILUDAN0536.520.064Represented by Louis Pissens	Director16/06/2014 → 2014 accounts

Full financial information

Source · NBB

	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	29/06/2026	01/07/2025	15/07/2024	28/07/2023	15/07/2022	19/07/2021
General meeting	24/06/2026	20/06/2025	21/06/2024	30/06/2023	30/06/2022	22/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	24/06/2026	29/06/2026	Dutch	PDF
Full model	31/12/2024	20/06/2025	01/07/2025	Dutch	PDF
Full model	31/12/2023	21/06/2024	15/07/2024	Dutch	PDF
Full model	31/12/2022	30/06/2023	28/07/2023	Dutch	PDF
Full model	31/12/2021	30/06/2022	15/07/2022	Dutch	PDF
Full model	31/12/2020	22/06/2021	19/07/2021	Dutch	PDF
Full model	31/12/2019	06/07/2020	16/07/2020	Dutch	PDF
Full model	31/12/2018	17/06/2019	28/06/2019	Dutch	PDF
Full model	31/12/2017	18/06/2018	27/06/2018	Dutch	PDF
Full model	31/12/2016	19/06/2017	03/07/2017	Dutch	PDF
Full model	31/12/2015	20/06/2016	19/07/2016	Dutch	PDF
Full model	31/12/2014	22/06/2015	22/06/2015	Dutch	PDF
Full model	31/12/2013	16/06/2014	03/07/2014	Dutch	PDF
Full model	31/12/2012	22/06/2013	15/07/2013	Dutch	PDF
Full model	31/12/2011	29/06/2012	06/07/2012	Dutch	PDF
Full model	31/12/2010	20/06/2011	07/07/2011	Dutch	PDF
Full model	31/12/2009	21/06/2010	06/07/2010	Dutch	PDF
Full model	31/12/2008	22/06/2009	10/08/2009	Dutch	PDF
Full model	31/12/2007	09/06/2008	07/07/2008	Dutch	PDF
Full model	31/12/2006	11/06/2007	20/06/2007	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

6 active · 7 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Sternova1030.910.753Represented by Laurent Pissens	Director02/02/2026 → 02/02/2032
Lucie Pissens	Director20/06/2025 → 02/02/2032
Susana Alejandro Balet	Director22/01/2024 → 02/02/2032
Cathérine Pissens	Director19/07/2023 → 02/02/2032
Céline Pissens	Director19/07/2023 → 02/02/2032
Vennova0536.515.611Represented by Paul PISSENS	Chairman of the board of directors19/07/2023 → 02/02/2032Director16/06/2014 → 2014 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Ramon Alejandro Balet	Director19/07/2023 → 2023 accounts
Isabelle Olbrechts	Director16/06/2014 → 2019 accounts
PHILUDAN0536.520.064Represented by Louis Pissens	Director16/06/2014 → 2014 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates24/04/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/07/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/03/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/01/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/09/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/07/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/06/2022
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings20 filings

Mandates

Sternova

Lucie Pissens

Susana Alejandro Balet

Vennova

Cathérine Pissens

Céline Pissens

Ramon Alejandro Balet

PHILUDAN

Isabelle Olbrechts

Louis Pissens

Ludo PISSENS

Isabella OLBRECHTS

Show the other mandate

1990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026202720282029203020312032

PACAPIME

Noorderstraat 1, 1500 Halle

Director

Chairman of the board of directors

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Noorderstraat 1, 1500 HalleCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00220185

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
PACAPIMECurrent	accounts 2006 → 2025	Accounts 2025 · 2026-00220185

Events

02/02/2026
reconductionSusana Alejandro Balet · B-bestuurder
02/02/2026
reconductionVennova · A-bestuurder
02/02/2026
reconductionCathérine Pissens · A-bestuurder
02/02/2026
reconductionLucie Pissens · A-bestuurder
02/02/2026
nominationSternova · A-bestuurder
02/02/2026
reconductionLAETI BV · directeur (CEO)
2025
Annual accounts 20251,4 M €↓
20/06/2025
nominationLucie Pissens · bestuurder
2024
Annual accounts 20242,1 M €↓
21/06/2024
nominationJo VANDEPUTTE · commissaris
22/01/2024
nominationSusana Alejandro Balet · B-bestuurder
2023
Annual accounts 20235,6 M €↑
19/07/2023
nominationPaul Pissens · voorzitter van de raad van bestuur
18/07/2023
nominationLAETI BV · directeur (persoon belast met dagelijks bestuur/CEO)
2022
Annual accounts 2022909,8 k €↓
2021
Annual accounts 20211,3 M €↓
2020
Annual accounts 20204,1 M €↑
2019
Annual accounts 20193,9 M €↑
2018
Annual accounts 20181,1 M €↑
2017
Annual accounts 2017303,2 k €↓
2016
Annual accounts 20161,2 M €↑
2015
Annual accounts 20151,1 M €↓
2014
Annual accounts 20143 M €↑
2013
Annual accounts 2013-147,6 k €↓
2012
Annual accounts 20122,1 M €↑
2011
Annual accounts 20111,6 M €↑
2010
Annual accounts 2010-326,2 k €↓
2009
Annual accounts 20094,1 M €↓
2008
Annual accounts 20084,3 M €↑
2007
Annual accounts 20072,3 M €↓
2006
Annual accounts 20064,5 M €
19/12/1990
IncorporationPublic limited company

PACAPIME

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

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

Timeline

Registered offices

Company names

Events