ACTIVE

ERMAPACK

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Financial year 2024 · closed on 31/12/2024

Net result

48,3 k €

-35.5% YoY

Gross margin

84 k €

-30.6% YoY

Equity

408,5 k €

+13.4% YoY

What does ERMAPACK do?

ERMAPACK is a Public limited company incorporated in 1998. Its main activity is: Manufacture of corrugated paper and paperboard and of containers of paper and paperboard. Its registered office is in Diest.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0462.708.806

Incorporation

10/03/1998

Legal form

Public limited company

Registered office

Ambachtenlaan 16
3294 Diest · FlandreSee on map

Contributed capital

86 762,38 €

Latest accounts

31/12/2024

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 (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	84 k €	-30.6%	120,9 k €	+258%	33,7 k €	-57.0%	78,4 k €	+47.0%	53,4 k €	+70.6%	31,3 k €	-84.4%	200,9 k €	+201%	66,8 k €	+87.1%	35,7 k €	-7.4%	38,5 k €	+16.2%	33,2 k €	+313%	-15,6 k €	-105%	291,1 k €	-18.5%	357,3 k €	-7.6%	386,5 k €	+11.3%	347,3 k €	+3.6%	335,3 k €	-11.6%	379,3 k €
EBITDA	83,1 k €	-30.7%	119,9 k €	+270%	32,4 k €	-19.4%	40,2 k €	-20.7%	50,7 k €	+70.3%	29,8 k €	-84.6%	193,3 k €	+243%	56,4 k €	+147%	22,8 k €	-36.7%	36,1 k €	+219%	-30,3 k €	+87.6%	-244,7 k €	-726%	39,1 k €	-65.7%	113,9 k €	-21.5%	145,2 k €	+23.9%	117,2 k €	+21.5%	96,4 k €	-31.1%	139,9 k €
Operating result	83,1 k €	-30.7%	119,9 k €	+270%	32,4 k €	-17.5%	39,3 k €	-19.9%	49 k €	+78.2%	27,5 k €	-85.6%	190,5 k €	+305%	47 k €	+205%	15,4 k €	-42.2%	26,6 k €	+166%	-40,2 k €	+84.8%	-264,9 k €	-1448%	19,6 k €	-78.2%	90,2 k €	-23.4%	117,6 k €	+24.5%	94,5 k €	+73.1%	54,6 k €	-49.7%	108,5 k €
Net result	48,3 k €	-35.5%	74,9 k €	+360%	16,3 k €	+114%	-116,5 k €	-719%	18,8 k €	+69.6%	11,1 k €	-91.0%	123 k €	+156%	48 k €	-47.7%	91,7 k €	+438%	17 k €	+133%	-51 k €	+41.2%	-86,7 k €	-1990%	4,6 k €	-91.5%	54,2 k €	-21.9%	69,4 k €	+27.0%	54,6 k €	+116%	25,3 k €	-64.1%	70,4 k €
Balance sheet
Equity	408,5 k €	+13.4%	360,2 k €	+26.3%	285,2 k €	+6.1%	268,9 k €	-15.5%	318,2 k €	+6.3%	299,4 k €	+3.9%	288,3 k €	+74.4%	165,3 k €	+40.9%	117,3 k €	+357%	25,7 k €	+197%	8,6 k €	-85.5%	59,6 k €	-59.3%	146,3 k €	-14.8%	171,7 k €	-10.8%	192,5 k €	-2.8%	198,1 k €	-9.3%	218,5 k €	-4.4%	228,5 k €
Total assets	580,1 k €	-4.3%	606,1 k €	-5.0%	638 k €	+7.3%	594,8 k €	+15.2%	516,3 k €	-3.2%	533,6 k €	+25.9%	423,7 k €	+51.5%	279,7 k €	+6.7%	262,1 k €	+27.1%	206,2 k €	+5.8%	194,9 k €	-40.9%	329,9 k €	-47.3%	626,4 k €	-8.1%	681,3 k €	-3.2%	703,9 k €	-7.8%	763,3 k €	-2.5%	782,9 k €	+10.6%	707,7 k €
Cash	379,9 k €	+9.4%	347,3 k €	-13.7%	402,5 k €	+1.0%	398,3 k €	+43.8%	277,1 k €	+16.9%	237 k €	+64.7%	143,9 k €	+3336%	4,2 k €	-88.5%	36,3 k €	+208%	11,8 k €	-64.9%	33,5 k €	-61.3%	86,4 k €	-17.4%	104,7 k €	-41.1%	177,7 k €	+1.5%	175,1 k €	+0.3%	174,6 k €	+12.2%	155,6 k €	+37.3%	113,4 k €
Debts	171,7 k €	-30.2%	245,9 k €	-30.3%	352,7 k €	+8.3%	325,8 k €	+127%	143,4 k €	-2.6%	147,2 k €	+204%	48,5 k €	-40.9%	82 k €	-27.1%	112,5 k €	-37.7%	180,5 k €	-3.1%	186,2 k €	-31.1%	270,2 k €	-43.6%	479,2 k €	-5.7%	507,9 k €	-0.2%	509 k €	-9.4%	562 k €	+0.3%	560,5 k €	+18.3%	473,8 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		0,6 ETP	-89.8%	5,9 ETP	-3.3%	6,1 ETP	+1.7%	6,0 ETP	0.0%	6,0 ETP	-1.6%	6,1 ETP	-14.1%	7,1 ETP	-5.3%	7,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 8 ended

Active mandates

DIDIER BERREVOETS

Director

Active

ZAHRA WOLFS

Director

Active

Ended mandates

Didier Berrevoets

Director · since 01 juillet 2016 · until 28 mai 2022

Ended

Zahra Wolfs

Managing director · since 28 mai 2016 · until 28 mai 2022

Ended

Danielle Mertens

Director · since 18 juin 2010 · until 17 juin 2016

Ended

Zahra Wolfs

Managing director · since 18 juin 2010 · until 17 juin 2016

Ended

Annual accounts

Full financial information

	2024	2023	2022	2021	2019	2018
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2019	01/01/2018
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2019	31/12/2018
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/09/2025	10/10/2024	05/10/2023	21/10/2022	03/11/2020	30/10/2019
General meeting	30/06/2025	28/06/2024	27/05/2023	28/05/2022	08/09/2020	25/05/2019
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

Ratios

Financial ratios

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Filings

Annual accounts filings

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2024	30/06/2025	30/09/2025	Dutch	PDF
Micro model	31/12/2023	28/06/2024	10/10/2024	Dutch	PDF
Micro model	31/12/2022	27/05/2023	05/10/2023	Dutch	PDF
Micro model	31/12/2021	28/05/2022	21/10/2022	Dutch	PDF
Micro model	31/12/2019	08/09/2020	03/11/2020	Dutch	PDF
Micro model	31/12/2018	25/05/2019	30/10/2019	Dutch	PDF
Micro model	31/12/2017	26/05/2018	28/09/2018	Dutch	PDF
Micro model	31/12/2016	27/05/2017	30/08/2017	French	PDF
Abridged model	31/12/2015	28/05/2016	05/07/2016	French	PDF
Abridged model	31/12/2014	30/06/2015	31/07/2015	French	PDF
Abridged model	31/12/2013	30/06/2014	31/12/2014	French	PDF
Abridged model	31/12/2012	30/06/2013	27/09/2013	French	PDF
Abridged model	31/12/2011	30/06/2012	30/08/2012	French	PDF
Abridged model	31/12/2010	30/06/2011	25/08/2011	French	PDF
Abridged model	31/12/2009	30/06/2010	16/11/2010	French	PDF
Abridged model	31/12/2008	30/06/2009	21/10/2009	French	PDF
Abridged model	31/12/2007	30/06/2008	22/08/2008	French	PDF
Abridged model	31/12/2006	30/06/2007	30/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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.

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 8 ended

Active mandates

DIDIER BERREVOETS

Director

Active

ZAHRA WOLFS

Director

Active

Ended mandates

Didier Berrevoets

Director · since 01 juillet 2016 · until 28 mai 2022

Ended

Zahra Wolfs

Managing director · since 28 mai 2016 · until 28 mai 2022

Ended

Danielle Mertens

Director · since 18 juin 2010 · until 17 juin 2016

Ended

Zahra Wolfs

Managing director · since 18 juin 2010 · until 17 juin 2016

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office19/12/2017
SIEGE SOCIAL
PDF
Mandates05/09/2016
DEMISSIONS, NOMINATIONS
PDF
Registered office27/01/2016
SIEGE SOCIAL
PDF
Mandates02/09/2015
DEMISSIONS, NOMINATIONS
PDF
Mandates20/08/2014
DEMISSIONS, NOMINATIONS
PDF
Mandates13/11/2008
DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

2024
Annual accounts 202448,3 k €↓
2023
Annual accounts 202374,9 k €↑
2022
Annual accounts 202216,3 k €↑
2021
Annual accounts 2021-116,5 k €↓
2019
Annual accounts 201918,8 k €↑
2018
Annual accounts 201811,1 k €↓
2017
Annual accounts 2017123 k €↑
2016
Annual accounts 201648 k €↓
2015
Annual accounts 201591,7 k €↑
2014
Annual accounts 201417 k €↑
2013
Annual accounts 2013-51 k €↑
2012
Annual accounts 2012-86,7 k €↓
2011
Annual accounts 20114,6 k €↓
2010
Annual accounts 201054,2 k €↓
2009
Annual accounts 200969,4 k €↑
2008
Annual accounts 200854,6 k €↑
2007
Annual accounts 200725,3 k €↓
2006
Annual accounts 200670,4 k €
10/03/1998
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

ERMAPACK

Overview

What does ERMAPACK do?

Trend over 18 financial years

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