ACTIVE

SAPPI EUROPE

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Financial year 2025 · Closed on 30/09/2025

Net result44,3 k €-99,3 %over 1 year
Equity29,8 M €+0,1 %over 1 year
Workforce45,0 ETP+4,7 %over 1 year

Identity

Source · BCE/KBO

SAPPI EUROPE is a Public limited company incorporated in 1993. Its main activity is: Agents specialised in the sale of other particular products. Its registered office is in Watermael-Boitsfort. It employs on average 45,0 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0449.654.386
Incorporation
12/03/1993
Legal form
Public limited company
Registered office
Chaussée de La Hulpe 166
1170 Watermael-Boitsfort · BruxellesSee on map
Contributed capital
115 130 751,44 €
Latest accounts
30/09/2025
Average workforce
45,0 ETP
Joint committees (3)
  • 100
  • 200
  • 218
Signals
ProfitableSolid equityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 21 filings

Trend over 12 financial years

20252024202320222021
Income statement
Revenue–420,4 k €1,4 M €1,9 M €1,9 M €
EBITDA2 M €4,7 M €4,6 M €6,5 M €7,9 M €
Operating result50,7 k €6,7 M €234,6 k €5,2 M €6,8 M €
Net result44,3 k €6,3 M €347,1 k €4,9 M €6,5 M €
Balance sheet
Equity29,8 M €29,8 M €23,4 M €23,1 M €18,2 M €
Total assets55,5 M €51,4 M €50,3 M €57,7 M €38,4 M €
Cash100,5 k €100,6 k €100,8 k €7,1 k €14 k €
Debts25 M €21,2 M €22,5 M €33,4 M €18 M €
Other
Workforce45,0 ETP43,0 ETP73,6 ETP70,3 ETP71,4 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 30/09/2025

4 active · 22 ended

Active mandates

Misa Bursac

Director · since 01 juin 2025 · until 31 mai 2031

Active
Marco Eikelenboom

Managing director · since 31 mars 2021 · until 01 février 2027

Active
Stephen Binnie

Director · since 03 février 2020 · until 02 février 2026

Active
Stephen Blyth

Director · since 03 février 2020 · until 02 février 2026

Active

Ended mandates

Berend Wiersum

Managing director · since 01 février 2019 · until 31 mars 2021

Ended
Berend Wiersum

Managing director · since 01 février 2019 · until 01 février 2024

Ended
Berend Wiersum

Managing director · since 01 février 2019 · until 03 février 2025

Ended
B. WIERSUM

Managing director · since 15 janvier 2017 · until 01 février 2019

Ended

Other companies at this address

Chaussée de La Hulpe 166 1170 Watermael-Boitsfort
CompanyCBE no.
AdaStone● Active
0761.830.278
AD-BEL SERVICES● Active
0832.240.402
Administratiekantoor Scheldt I● Active
1010.695.656
Administratiekantoor Scheldt II● Active
1010.695.854
ADVOCATENKANTOOR GARREZ JORREN● Active
0644.464.931
ADVOCATENKANTOOR ILHAM IRGIOU● Active
0800.056.691
Afer Pierre Holding Belgium● Active
0783.501.365
AGENCE ET PROMOTION IMMOBILIERES● Active
0415.973.612
AGNES MAQUA● Active
0464.713.043
ALTIMAR● Active
0430.069.987
AMERICAN MANAGEMENT ASSOCIATION EUROPE● Active
0894.813.815
ARTER● Active
0692.924.448
Association des copropriétaires à Watermael-Boitsfort Chaussée de La Hulpe 166● Active
0824.539.194
BARESQUE EUROPE● Active
0722.856.965
BARILLA BELGIUM● Active
0470.995.079
BCH BROKERS● Active
0847.209.084
Belgian Resilience Fund● Active
0778.407.578
BLUEMIND BUSINESS INFORMATION SERVICES● Active
0820.737.685
BRF Management● Active
0778.360.167
BROEKZELE VASTGOED● Active
0641.946.691

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/10/202401/10/202301/10/202201/10/202101/10/202001/10/2019
Closing of the financial year30/09/202530/09/202430/09/202330/09/202230/09/202130/09/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date16/02/202619/03/202504/03/202408/02/202309/02/202208/02/2021
General meeting02/02/202603/02/202501/02/202401/02/202301/02/202201/02/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 21 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model30/09/202502/02/202616/02/2026DutchPDF
Full model30/09/202403/02/202519/03/2025DutchPDF
Full model30/09/202301/02/202404/03/2024DutchPDF
Full model30/09/202201/02/202308/02/2023DutchPDF
Full model30/09/202101/02/202209/02/2022DutchPDF
Full model30/09/202001/02/202108/02/2021DutchPDF
Full model30/09/201903/02/202012/02/2020DutchPDF
Full model30/09/201801/02/201905/02/2019DutchPDF
Full model30/09/201701/02/201813/03/2018DutchPDF
Full model30/09/201601/02/201703/02/2017DutchPDF
Full model30/09/201501/02/201616/02/2016DutchPDF
Full model30/09/201402/02/201509/02/2015DutchPDF
Full model30/09/201303/02/201419/03/2014DutchPDF
Full model30/09/201201/02/201321/03/2013DutchPDF
Full modelCorrection30/09/201101/02/201217/07/2012DutchPDF
Full model30/09/201101/02/201214/02/2012DutchPDF
Full model30/09/201001/02/201128/03/2011DutchPDF
Full model30/09/200901/02/201015/03/2010DutchPDF
Full model30/09/200802/03/200902/04/2009DutchPDF
Full model30/09/200703/03/200817/04/2008DutchPDF
Full model30/09/200601/03/200727/03/2007DutchPDF

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 30/09/2025

4 active · 22 ended

Active mandates

Misa Bursac

Director · since 01 juin 2025 · until 31 mai 2031

Active
Marco Eikelenboom

Managing director · since 31 mars 2021 · until 01 février 2027

Active
Stephen Binnie

Director · since 03 février 2020 · until 02 février 2026

Active
Stephen Blyth

Director · since 03 février 2020 · until 02 février 2026

Active

Ended mandates

Berend Wiersum

Managing director · since 01 février 2019 · until 31 mars 2021

Ended
Berend Wiersum

Managing director · since 01 février 2019 · until 01 février 2024

Ended
Berend Wiersum

Managing director · since 01 février 2019 · until 03 février 2025

Ended
B. WIERSUM

Managing director · since 15 janvier 2017 · until 01 février 2019

Ended

Ownership and network

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Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates09/07/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates13/01/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates24/02/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates08/03/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares14/10/2020
    KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates26/02/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other27/11/2019
    DIVERSEN
    PDF
  • Other23/04/2019
    DIVERSEN
    PDF

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 202544,3 k €↓
  2. 01/06/2025
    nominationM. Bursac — bestuurder
  3. 2024
    Annual accounts 20246,3 M €↑
  4. 01/02/2024
    nominationThierry Schoofs — vaste vertegenwoordiger van KPMG Bedrijfsrevisoren
  5. 2023
    Annual accounts 2023347,1 k €↓
  6. 01/02/2023
    nominationKPMG Bedrijfsrevisoren BV/SRL — commissaris
  7. 01/02/2023
    nominationRaf Cox — vaste vertegenwoordiger
  8. 01/02/2023
    reconductionS. Wurdinger — bestuurder
  9. 2022
    Annual accounts 20224,9 M €↓
  10. 2021
    Annual accounts 20216,5 M €↓
  11. 2020
    Annual accounts 20208,1 M €↓
  12. 2019
    Annual accounts 201910,1 M €↑
  13. 2018
    Annual accounts 2018-8,5 M €↓
  14. 2017
    Annual accounts 2017-1,2 M €↑
  15. 2016
    Annual accounts 2016-3,1 M €↓
  16. 2015
    Annual accounts 20154,9 M €↑
  17. 2014
    Annual accounts 2014-8,2 M €
  18. 12/03/1993
    IncorporationPublic limited company