ACTIVE

BURGO ARDENNES

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Financial year 2025 · Closed on 31/12/2025

Net result11,5 M €-24,0 %over 1 year

Revenue379,1 M €-0,1 %over 1 year

Equity87,1 M €-0,3 %over 1 year

Workforce591,5 ETP-0,7 %over 1 year

Identity

Source · BCE/KBO

BURGO ARDENNES is a Public limited company incorporated in 1994. Its main activity is: Manufacture of pulp. Its registered office is in Virton. It employs on average 591,5 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0451.821.842
Incorporation: 10/02/1994
Legal form: Public limited company
Registered office: Rue de la Papeterie,St-Mard 1
6762 Virton · WallonieSee on map
Contributed capital: 75 000 000,00 €
Latest accounts: 31/12/2025
Average workforce: 591,5 ETP

Activities (NACE)

17110Manufacture of pulp· main 17110Manufacture of pulp 17120Manufacture of paper and paperboard 17120Manufacture of paper and paperboard 21121Manufacture of basic pharmaceutical products 17120Manufacture of paper and paperboard+4

Joint committees (2)

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 23 filings

Trend over 17 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	379,1 M €	-0.1%	379,3 M €	-7.8%	411,3 M €	-2.9%	423,7 M €	+31.4%	322,4 M €
EBITDA	27,3 M €	-32.1%	40,2 M €	+14.9%	35 M €	-1.6%	35,6 M €	+28.2%	27,7 M €
Operating result	19,9 M €	-14.5%	23,3 M €	+16.4%	20 M €	+7.1%	18,7 M €	+36.1%	13,7 M €
Net result	11,5 M €	-24.0%	15,1 M €	+30.4%	11,6 M €	+3.1%	11,3 M €	+32.3%	8,5 M €
Balance sheet
Equity	87,1 M €	-0.3%	87,3 M €	-0.2%	87,5 M €	+2.7%	85,1 M €	+0.3%	84,9 M €
Total assets	219,8 M €	-6.2%	234,4 M €	-4.3%	245 M €	-0.8%	247 M €	+10.7%	223,1 M €
Cash	10,1 M €	-6.5%	10,8 M €	-21.9%	13,9 M €	-19.4%	17,2 M €	+32.5%	13 M €
Debts	119,7 M €	-6.8%	128,5 M €	-10.2%	143 M €	-3.2%	147,7 M €	+16.9%	126,3 M €
Other
Workforce	591,5 ETP	-0.7%	595,9 ETP	+0.7%	591,6 ETP	-0.4%	593,9 ETP	+3.8%	572,1 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

7 active · 15 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Alberto SORGE	MandateDirector06/09/2018 → 2023 accountsended
Dominique PONCELET	MandateDirector03/05/2023 → 2023 accountsended
Francesco CAPURRO	MandateDirector10/12/2020 → 2023 accountsended
Giorgio MARCHI	MandateDirector10/12/2020 → 2023 accountsended
Girolamo MARCHI	MandateDirector03/05/2023 → 2023 accountsendedChairman of the board of directors22/04/2005 → 2022 accountsended
Ignazio CAPUANO	MandateManaging director01/07/2016 → 2023 accountsended
Matteo D'ALBERTO	MandateDirector03/05/2023 → 2023 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Francesco CONTE	Director10/12/2020 → 2022 accounts
Giovanni LO PRESTI	Director10/12/2020 → 2022 accounts
Franco MONTEVECCHI	Director19/04/2018 → 2019 accounts
Mauro CHIMETTO	Director19/04/2018 → 2019 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	30/06/2026	26/11/2025	07/06/2024	24/07/2023	13/07/2022	31/05/2021
General meeting	04/05/2026	17/04/2025	03/05/2024	20/04/2023	21/04/2022	15/04/2021
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, 23 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	04/05/2026	30/06/2026	French	PDF
Full modelCorrection	31/12/2024	17/04/2025	26/11/2025	French	PDF
Full modelCorrection	31/12/2024	17/04/2025	03/09/2025	French	PDF
Full model	31/12/2024	17/04/2025	27/05/2025	French	PDF
Full model	31/12/2023	03/05/2024	07/06/2024	French	PDF
Full model	31/12/2022	20/04/2023	24/07/2023	French	PDF
Full model	31/12/2021	21/04/2022	13/07/2022	French	PDF
Full model	31/12/2020	15/04/2021	31/05/2021	French	PDF
Full model	31/12/2019	16/04/2020	14/07/2020	French	PDF
Full model	31/12/2018	18/04/2019	24/06/2019	French	PDF
Full model	31/12/2017	19/04/2018	14/06/2018	French	PDF
Full model	31/12/2016	20/04/2017	26/06/2017	French	PDF
Full modelCorrection	31/12/2015	21/04/2016	02/06/2017	French	PDF
Full model	31/12/2015	21/04/2016	29/06/2016	French	PDF
Full model	31/12/2014	22/05/2015	17/06/2015	French	PDF
Full model	31/12/2013	17/04/2014	26/06/2014	French	PDF
Full model	31/12/2012	18/04/2013	01/07/2013	French	PDF
Full model	31/12/2011	19/04/2012	03/05/2012	French	PDF
Full model	31/12/2010	21/04/2011	01/06/2011	French	PDF
Full model	31/12/2009	15/04/2010	25/05/2010	French	PDF
Full model	31/12/2008	16/04/2009	12/05/2009	French	PDF
Full model	31/12/2007	17/04/2008	20/05/2008	French	PDF
Full model	31/12/2006	19/04/2007	29/05/2007	French	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

7 active · 15 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Alberto SORGE	MandateDirector06/09/2018 → 2023 accountsended
Dominique PONCELET	MandateDirector03/05/2023 → 2023 accountsended
Francesco CAPURRO	MandateDirector10/12/2020 → 2023 accountsended
Giorgio MARCHI	MandateDirector10/12/2020 → 2023 accountsended
Girolamo MARCHI	MandateDirector03/05/2023 → 2023 accountsendedChairman of the board of directors22/04/2005 → 2022 accountsended
Ignazio CAPUANO	MandateManaging director01/07/2016 → 2023 accountsended
Matteo D'ALBERTO	MandateDirector03/05/2023 → 2023 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Francesco CONTE	Director10/12/2020 → 2022 accounts
Giovanni LO PRESTI	Director10/12/2020 → 2022 accounts
Franco MONTEVECCHI	Director19/04/2018 → 2019 accounts
Mauro CHIMETTO	Director19/04/2018 → 2019 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates21/10/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates02/04/2024
DEMISSIONS, NOMINATIONS
PDF
Other20/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates26/10/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates07/02/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates09/11/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates07/07/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates25/11/2020
DEMISSIONS, NOMINATIONS
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

Filings17 filings

Mandates

Girolamo Marchi

Alberto Sorge

Dominique Poncelet

Ignazio Capuano

Matteo D'Alberto

Giorgio Marchi

Francesco Capurro

Giovanni LO PRESTI

Francesco CONTE

Mauro CHIMETTO

Franco MONTEVECCHI

Paolo MATTEI

Show the 10 other mandates

199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

BURGO ARDENNES

Rue de la Papeterie,St-Mard 1, 6762 Saint-Mard

Chairman of the board of directors

Director

Managing director

Director

Managing director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue de la Papeterie,St-Mard 1, 6762 Saint-MardCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00243206

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
BURGO ARDENNESCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00243206

Events

2025
Annual accounts 202511,5 M €↓
2024
Annual accounts 202415,1 M €↑
2023
Annual accounts 202311,6 M €↑
03/05/2023
reconductionMarie-Laure Moreau · commissaire
03/05/2023
nominationMatteo Guglielmo D'Alberto · administrateur
03/05/2023
nominationDominique Poncelet · administrateur
03/05/2023
nominationGirolamo Marchi · représentation de la société
03/05/2023
nominationIgnazio Capuano · Administrateur Délégué
03/05/2023
nominationGiorgio Marchi · administrateur
03/05/2023
nominationAlberto Sorge · administrateur
03/05/2023
nominationMatteo Guglielmo D’Alberto · administrateur
03/05/2023
nominationFrancesco Capurro · administrateur
01/01/2023
nominationDominique PONCELET · Directeur Général
2022
Annual accounts 202211,3 M €↑
2021
Annual accounts 20218,5 M €↑
2020
Annual accounts 20202,6 M €↑
2019
Annual accounts 20191,7 M €↓
2018
Annual accounts 20188,3 M €↑
2016
Annual accounts 20161,8 M €↓
2015
Annual accounts 20158,5 M €↑
2014
Annual accounts 20143,6 M €↑
2013
Annual accounts 20132,7 M €↓
2012
Annual accounts 20126,9 M €↑
2011
Annual accounts 20116 M €↓
2010
Annual accounts 201014,3 M €↑
2009
Annual accounts 20094,4 M €↓
2008
Annual accounts 200815,9 M €
10/02/1994
IncorporationPublic limited company

BURGO ARDENNES

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