ACTIVE

Smurfit Westrock Olen

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Financial year 2025 · Closed on 31/12/2025

Net result246,8 k €-6,4 %over 1 year

Revenue8,1 M €-1,2 %over 1 year

Equity1,8 M €+15,5 %over 1 year

Workforce27,9 ETP+0,4 %over 1 year

Identity

Source · BCE/KBO

Smurfit Westrock Olen is a Public limited company incorporated in 1995. Its main activity is: Manufacture of corrugated paper and paperboard and of containers of paper and paperboard. Its registered office is in Olen. It employs on average 27,9 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0454.184.880
Incorporation: 05/01/1995
Legal form: Public limited company
Registered office: Lammerdries-Oost 57
2250 Olen · FlandreSee on map
Contributed capital: 123 946,76 €
Latest accounts: 31/12/2025
Average workforce: 27,9 ETP

Activities (NACE)

17210Manufacture of corrugated paper and paperboard and of containers of paper and paperboard· main 17210Manufacture of corrugated paper and paperboard and of containers of paper and paperboard 21210Manufacture of pharmaceutical preparations

Joint committees (5)

101
136
1360
222
2220

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 18 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	8,1 M €	-1.2%	8,2 M €	-4.3%	8,6 M €	-19.6%	10,6 M €	+22.9%	8,7 M €
EBITDA	534,7 k €	+26.3%	423,5 k €	-45.4%	775,5 k €	-0.3%	778,1 k €	+13.6%	685,2 k €
Operating result	375,4 k €	+60.4%	234 k €	-66.6%	700,5 k €	+22.4%	572,4 k €	-1.2%	579,1 k €
Net result	246,8 k €	-6.4%	263,6 k €	-62.3%	699,8 k €	+61.4%	433,5 k €	+5.8%	409,9 k €
Balance sheet
Equity	1,8 M €	+15.5%	1,6 M €	-82.9%	9,3 M €	+8.1%	8,6 M €	+5.3%	8,2 M €
Total assets	2,9 M €	+10.1%	2,6 M €	-75.3%	10,5 M €	+8.3%	9,7 M €	+4.3%	9,3 M €
Cash	–		0 €	-100%	5,6 k €		–		–
Debts	963,9 k €	+1.7%	948 k €	-18.1%	1,2 M €	+9.2%	1,1 M €	-1.6%	1,1 M €
Other
Workforce	27,9 ETP	+0.4%	27,8 ETP	-9.2%	30,6 ETP	+3.7%	29,5 ETP	+1.7%	29,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 36 ended

Active mandates

Jamal El-Allachi

Managing director · since 31 août 2025 · until 29 juin 2029

Active

Vincent Chaidron

Director · since 08 mai 2023 · until 08 mai 2029

Active

Kees Koelewijn

Director · since 01 janvier 2022 · until 29 juin 2029

Active

Ended mandates

Barbara Jacobs

Managing director · since 08 mai 2023 · until 08 mai 2029

Ended

Cornelus Jacob Koelewijn

Director · since 01 janvier 2022 · until 23 mai 2025

Ended

Kees Koelewijn

Director · since 01 janvier 2022 · until 23 mai 2025

Ended

Wim Peeters

Director · since 24 mai 2019 · until 23 mai 2025

Ended

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	13/07/2026	11/08/2025	05/06/2024	14/06/2023	05/07/2022	06/08/2021
General meeting	30/06/2026	30/06/2025	31/05/2024	06/06/2023	30/06/2022	30/06/2021
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	30/06/2026	13/07/2026	Dutch	PDF
Full model	31/12/2024	30/06/2025	11/08/2025	Dutch	PDF
Full model	31/12/2023	31/05/2024	05/06/2024	Dutch	PDF
Full model	31/12/2022	06/06/2023	14/06/2023	Dutch	PDF
Full model	31/12/2021	30/06/2022	05/07/2022	Dutch	PDF
Full model	31/12/2020	30/06/2021	06/08/2021	Dutch	PDF
Full model	31/12/2019	29/05/2020	26/06/2020	Dutch	PDF
Full model	31/12/2018	27/05/2019	17/06/2019	Dutch	PDF
Full model	31/12/2017	07/05/2018	06/07/2018	Dutch	PDF
Full model	31/12/2016	02/05/2017	05/07/2017	Dutch	PDF
Full model	31/12/2015	02/05/2016	17/06/2016	Dutch	PDF
Full model	31/12/2014	04/05/2015	07/07/2015	Dutch	PDF
Full model	31/12/2013	06/06/2014	18/07/2014	Dutch	PDF
Full model	31/12/2012	06/05/2013	07/06/2013	Dutch	PDF
Full model	31/12/2011	28/06/2012	02/07/2012	Dutch	PDF
Full model	31/12/2010	30/06/2011	21/09/2011	Dutch	PDF
Full model	31/12/2009	17/05/2010	02/08/2010	Dutch	PDF
Full model	31/12/2008	08/07/2009	27/07/2009	Dutch	PDF
Full model	31/12/2007	15/07/2008	05/08/2008	Dutch	PDF
Full model	31/12/2006	15/06/2007	05/07/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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

3 active · 36 ended

Active mandates

Jamal El-Allachi

Managing director · since 31 août 2025 · until 29 juin 2029

Active

Vincent Chaidron

Director · since 08 mai 2023 · until 08 mai 2029

Active

Kees Koelewijn

Director · since 01 janvier 2022 · until 29 juin 2029

Active

Ended mandates

Barbara Jacobs

Managing director · since 08 mai 2023 · until 08 mai 2029

Ended

Cornelus Jacob Koelewijn

Director · since 01 janvier 2022 · until 23 mai 2025

Ended

Kees Koelewijn

Director · since 01 janvier 2022 · until 23 mai 2025

Ended

Wim Peeters

Director · since 24 mai 2019 · until 23 mai 2025

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates30/01/2026
ONTSLAGEN - BENOEMINGEN
PDF
Other08/11/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING - ALGEMENE VERGADERING
PDF
Capital / shares21/06/2024
KAPITAAL - AANDELEN
PDF
Mandates28/07/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/05/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/02/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/07/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/10/2019
ONTSLAGEN - BENOEMINGEN
PDF

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

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Timeline

2025
Annual accounts 2025246,8 k €↓
2024
Annual accounts 2024263,6 k €↓
2024
Name changeSmurfit Westrock Olen
2023
Annual accounts 2023699,8 k €↑
2022
Annual accounts 2022433,5 k €↑
2021
Annual accounts 2021409,9 k €↑
2021
Name changeSMURFIT KAPPA OLEN
2018
Annual accounts 2018318 k €↓
2017
Annual accounts 2017445,3 k €↓
2016
Annual accounts 2016509 k €↓
2015
Annual accounts 2015522,4 k €↑
2014
Annual accounts 2014482,2 k €↑
2013
Annual accounts 2013373,3 k €↓
2012
Annual accounts 2012625,9 k €↑
2011
Annual accounts 2011497,2 k €↑
2010
Annual accounts 2010299,3 k €↓
2009
Annual accounts 2009380,2 k €↓
2008
Annual accounts 2008519,9 k €↑
2007
Annual accounts 2007447,7 k €↑
2006
Annual accounts 2006168,9 k €
05/01/1995
IncorporationPublic limited company

Smurfit Westrock Olen

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