ACTIVE

Smurfit Westrock Cartomills

Export PDF

Financial year 2025 · Closed on 31/12/2025

Net result-885,2 k €-102,0 %over 1 year
Revenue98,3 M €+6,5 %over 1 year
Equity96,6 M €-0,9 %over 1 year
Workforce306,3 ETP-4,2 %over 1 year

Identity

Source · BCE/KBO

Smurfit Westrock Cartomills is a Public limited company incorporated in 1992. Its main activity is: Manufacture of corrugated paper and paperboard and of containers of paper and paperboard. Its registered office is in Mons. It employs on average 306,3 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0448.776.735
Incorporation
20/11/1992
Legal form
Public limited company
Registered office
Rue de Douvrain (G.) 19
7011 Mons · WallonieSee on map
Contributed capital
26 170 630,78 €
Latest accounts
31/12/2025
Average workforce
306,3 ETP
Joint committees (2)
  • 136
  • 222
Signals
Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

Financials

Source · NBB, 23 filings

Trend over 13 financial years

20252024202320222021
Income statement
Revenue98,3 M €92,4 M €100,6 M €109,2 M €88,9 M €
EBITDA3,5 M €4,6 M €8,7 M €4,4 M €-1,8 M €
Operating result-195,3 k €769,1 k €5,4 M €1,4 M €-4,6 M €
Net result-885,2 k €44,1 M €3,3 M €211,3 k €-5,6 M €
Balance sheet
Equity96,6 M €97,5 M €53,4 M €50,1 M €49,9 M €
Total assets141,8 M €143,7 M €92,6 M €92,7 M €91,5 M €
Cash42,8 k €122,1 k €28,7 k €34,7 k €68,2 k €
Debts44,8 M €45,8 M €39,1 M €42,2 M €41,4 M €
Other
Workforce306,3 ETP319,6 ETP324,5 ETP311,9 ETP311,8 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 22 ended

Active mandates

Cornelus Jacob Koelewijn

Director · since 10 octobre 2022 · until 09 octobre 2028

Active
David Tielemans

Managing director · since 12 juillet 2021

Active

Ended mandates

Kenneth Byrne

Director · since 30 juin 2020 · until 30 juin 2025

Ended
Patrick Van Orshaegen

Director · since 30 juin 2020 · until 12 janvier 2021

Ended
Vincent Chaidron

Director · since 30 juin 2020 · until 30 juin 2025

Ended
Erik Bunge

Director · since 24 avril 2017 · until 10 octobre 2022

Ended

Full financial information

Source · NBB
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 date01/07/202615/09/202524/06/202423/08/202319/07/202220/05/2021
General meeting30/06/202630/06/202519/06/202423/05/202320/05/202220/04/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

Looking for more information about this company?

Try for free

Annual accounts filings

Source · NBB, 23 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202530/06/202601/07/2026FrenchPDF
Full model31/12/202430/06/202515/09/2025FrenchPDF
Full model31/12/202319/06/202424/06/2024FrenchPDF
Full model31/12/202223/05/202323/08/2023FrenchPDF
Full model31/12/202120/05/202219/07/2022FrenchPDF
Full model31/12/202020/04/202120/05/2021FrenchPDF
Full model31/12/201930/06/202028/08/2020FrenchPDF
Full model31/12/201816/04/201924/04/2019FrenchPDF
Full model31/12/201717/04/201825/04/2018FrenchPDF
Full modelCorrection31/12/201618/04/201722/09/2017FrenchPDF
Full model31/12/201618/04/201718/04/2017FrenchPDF
Full model31/12/201519/04/201619/05/2016FrenchPDF
Full model31/12/201421/04/201517/06/2015FrenchPDF
Full model31/12/201315/04/201424/04/2014FrenchPDF
Full model31/12/201216/04/201328/05/2013FrenchPDF
Full model31/12/201124/04/201207/05/2012FrenchPDF
Full model31/12/201029/04/201123/05/2011FrenchPDF
Full modelCorrection31/12/200920/04/201006/07/2010FrenchPDF
Full model31/12/200920/04/201029/04/2010FrenchPDF
Full model31/12/200821/04/200928/05/2009FrenchPDF
Full model31/12/200725/04/200815/05/2008FrenchPDF
Full modelCorrection31/12/200627/04/200712/07/2007FrenchPDF
Full model31/12/200627/04/200722/05/2007FrenchPDF

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.

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

2 active · 22 ended

Active mandates

Cornelus Jacob Koelewijn

Director · since 10 octobre 2022 · until 09 octobre 2028

Active
David Tielemans

Managing director · since 12 juillet 2021

Active

Ended mandates

Kenneth Byrne

Director · since 30 juin 2020 · until 30 juin 2025

Ended
Patrick Van Orshaegen

Director · since 30 juin 2020 · until 12 janvier 2021

Ended
Vincent Chaidron

Director · since 30 juin 2020 · until 30 juin 2025

Ended
Erik Bunge

Director · since 24 avril 2017 · until 10 octobre 2022

Ended

Ownership and network

Looking for more information about this company?

Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates29/07/2026
    Renouvellement du mandat d'un administrateur - Procuration
    PDF
  • Mandates25/06/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates25/06/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates15/06/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Other06/11/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - BENAMING - ALGEMENE VERGADERING
    PDF
  • Mandates06/11/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DENOMINATION - ASSEMBLEE GENERALE
    PDF
  • Mandates28/10/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates28/10/2022
    DEMISSIONS, NOMINATIONS
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 09/06/2026
    reconductionVincent Chaidron — administrateur
  2. 09/06/2026
    reconductionVincent Chaidron — bestuurder
  3. 2025
    Annual accounts 2025-885,2 k €↓
  4. 2024
    Annual accounts 202444,1 M €↑
  5. 23/10/2024
    reconductionKPMG Réviseurs d'Entreprises SRL — commissaire
  6. 2024
    Name changeSmurfit Westrock Cartomills
  7. 2023
    Annual accounts 20233,3 M €↑
  8. 2022
    Annual accounts 2022211,3 k €↑
  9. 28/10/2022
    nominationCornelus Jacob Koelewijn — bestuurder
  10. 28/10/2022
    nominationCornelus Jacob Koelewijn — administrateur
  11. 2021
    Annual accounts 2021-5,6 M €↓
  12. 2021
    Name changeSmurfit Kappa Cartomills
  13. 2020
    Annual accounts 2020-2,1 M €↓
  14. 2019
    Annual accounts 2019474,4 k €↓
  15. 2015
    Annual accounts 20152,5 M €↑
  16. 2011
    Annual accounts 20111 M €↑
  17. 2010
    Annual accounts 2010-4,4 M €↓
  18. 2009
    Annual accounts 20092,5 M €↓
  19. 2008
    Annual accounts 20085,2 M €↑
  20. 2007
    Annual accounts 2007-1,1 M €
  21. 20/11/1992
    IncorporationPublic limited company