ACTIVE

EUROPAL

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Financial year 2025 · closed on 28/12/2025

Net result

10,9 k €

-99.4% YoY

Revenue

62,2 M €

+17.0% YoY

Equity

13 M €

+26.8% YoY

Workforce

137,7 ETP

+19.3% YoY

What does EUROPAL do?

EUROPAL is a Public limited company incorporated in 1999. Its main activity is: Manufacture of corrugated paper and paperboard and of containers of paper and paperboard. Its registered office is in Mouscron. It employs on average 137,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0467.257.413

Incorporation

12/11/1999

Legal form

Public limited company

Registered office

Avenue Anne Franck 5
7700 Mouscron · WallonieSee on map

Contributed capital

2 267 357,04 €

Latest accounts

28/12/2025

Average workforce

137,7 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 17250Manufacture of articles of paper and paperboard 17290Manufacture of other articles of paper and paperboard 21210Manufacture of pharmaceutical preparations 21250Manufacture of pharmaceutical preparations

Joint committees (2)

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2023		2022		2021		2020		2018		2017		2016		2015		2014		2012		2011		2010		2008		2007		2006
Income statement
Revenue	62,2 M €	+17.0%	53,1 M €	-8.5%	58,1 M €	+44.8%	40,1 M €	-26.1%	54,3 M €	+95.2%	27,8 M €	+23.6%	22,5 M €	+19.1%	18,9 M €	+24.3%	15,2 M €	-48.7%	29,6 M €	+116%	13,7 M €	-18.0%	16,7 M €	-37.9%	26,9 M €	+82.1%	14,8 M €	-0.9%	14,9 M €	+8.7%	13,7 M €
EBITDA	6,4 M €	-11.1%	7,2 M €	+21.0%	5,9 M €	+112%	2,8 M €	+835%	298,8 k €	-72.5%	1,1 M €	+24.8%	870,1 k €	-32.9%	1,3 M €	+41.0%	920 k €	-50.5%	1,9 M €	+67.9%	1,1 M €	-47.0%	2,1 M €	-30.7%	3 M €	+114%	1,4 M €	+33.4%	1,1 M €	+17.5%	897,6 k €
Operating result	1,4 M €	-53.2%	3 M €	+51.1%	2 M €	+9004%	-22,1 k €	+98.5%	-1,4 M €	-615%	280 k €	+145%	114,1 k €	-66.2%	337,2 k €	+1311%	-27,8 k €	-3.0%	-27 k €	-349%	-6 k €	-101%	847,4 k €	+258%	236,7 k €	+294%	60 k €	+115%	-407,6 k €	-192%	-139,6 k €
Net result	10,9 k €	-99.4%	1,9 M €	+56.9%	1,2 M €	+314%	-569,4 k €	+57.0%	-1,3 M €	-751%	203,2 k €	+138%	85,6 k €	-68.2%	268,9 k €	+517%	-64,5 k €	-134%	187,4 k €	+614%	-36,5 k €	-103%	1,1 M €	+527%	-267,4 k €	+20.6%	-336,7 k €	+33.2%	-504,1 k €	-564%	-75,9 k €
Balance sheet
Equity	13 M €	+26.8%	10,3 M €	+19.2%	8,6 M €	+12.6%	7,7 M €	-8.2%	8,3 M €	+81.8%	4,6 M €	+3.4%	4,4 M €	+1.3%	4,4 M €	+4.9%	4,2 M €	-3.1%	4,3 M €	+0.1%	4,3 M €	-2.8%	4,4 M €	+17.9%	3,8 M €	-12.2%	4,3 M €	-9.4%	4,7 M €	+18.6%	4 M €
Total assets	77,8 M €	-5.5%	82,4 M €	-0.8%	83 M €	-11.6%	93,9 M €	+74.9%	53,7 M €	+208%	17,4 M €	+21.9%	14,3 M €	+12.8%	12,7 M €	+6.8%	11,9 M €	-8.7%	13 M €	-4.8%	13,7 M €	-7.0%	14,7 M €	-10.1%	16,3 M €	-11.1%	18,4 M €	-15.8%	21,8 M €	+11.6%	19,5 M €
Cash	1,1 M €	+204%	348,2 k €	-72.3%	1,3 M €	+100.0%	628,1 k €	-64.5%	1,8 M €	+334%	407,8 k €	-21.6%	520 k €	+43.7%	362 k €	+101%	179,6 k €	+21.0%	148,5 k €	-60.6%	377,3 k €	+5.8%	356,7 k €	+126%	158,1 k €	-58.6%	381,8 k €	-49.0%	748,7 k €	+77.5%	421,7 k €
Debts	59 M €	-9.0%	64,8 M €	-2.9%	66,7 M €	-14.6%	78,1 M €	+115%	36,4 M €	+186%	12,7 M €	+30.7%	9,7 M €	+19.1%	8,2 M €	+9.2%	7,5 M €	-11.4%	8,4 M €	-7.1%	9,1 M €	-8.7%	10 M €	-18.8%	12,3 M €	-10.3%	13,7 M €	-16.7%	16,4 M €	+9.1%	15 M €
Other
Workforce	137,7 ETP	+19.3%	115,4 ETP	-2.2%	118,0 ETP	+19.2%	99,0 ETP	+62.6%	60,9 ETP	+28.5%	47,4 ETP	+7.0%	44,3 ETP	+11.9%	39,6 ETP	-0.8%	39,9 ETP	+0.5%	39,7 ETP	+2.1%	38,9 ETP	-12.4%	44,4 ETP	-8.5%	48,5 ETP	-15.9%	57,7 ETP	+6.3%	54,3 ETP	+14.3%	47,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 28/12/2025 · 2 active · 19 ended

Active mandates

DEJAGER INVESTMENT GROUP

Managing director · since 24 juillet 2024 · until 29 juin 2028 · 0479.683.509

Represented by Patrick Dejager

Active

EURO-INVEST

Managing director · since 24 juillet 2024 · until 29 juin 2028 · 0431.913.284

Represented by Valentine Dejager

Active

Ended mandates

DEJAGER INVESTMENT GROUP

Managing director · since 17 juin 2021 · until 24 juillet 2024 · 0479.683.509

Represented by Patrick Dejager

Ended

DEJAGER INVESTMENT GROUP

Managing director · since 17 juin 2021 · until 20 juin 2024 · 0479.683.509

Represented by Patrick Dejager

Ended

EURO-INVEST

Managing director · since 17 juin 2021 · until 20 juin 2024 · 0431.913.284

Represented by Valentine Dejager

Ended

EURO-INVEST

Managing director · since 17 juin 2021 · until 24 juillet 2024 · 0431.913.284

Represented by Valentine Dejager

Ended

At this address

Other companies at this address

Company	CBE no.
BEE Real● Active	0837.025.965

Annual accounts

Full financial information

	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	29/12/2024	29/12/2023	29/12/2022	29/12/2021	29/12/2020	30/12/2018
Closing of the financial year	28/12/2025	28/12/2024	28/12/2023	28/12/2022	28/12/2021	28/12/2020
Length of the financial year	13 months	13 months	13 months	13 months	13 months	25 months
Filing date	17/07/2026	01/08/2025	26/07/2024	18/07/2023	14/07/2022	09/07/2021
General meeting	16/07/2026	25/07/2025	24/07/2024	28/06/2023	23/06/2022	17/06/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	28/12/2025	16/07/2026	17/07/2026	French	PDF
Full model	28/12/2024	25/07/2025	01/08/2025	French	PDF
Full model	28/12/2023	24/07/2024	26/07/2024	French	PDF
Full model	28/12/2022	28/06/2023	18/07/2023	French	PDF
Full model	28/12/2021	23/06/2022	14/07/2022	French	PDF
Full model	28/12/2020	17/06/2021	09/07/2021	French	PDF
Full model	29/12/2018	20/06/2019	27/06/2019	French	PDF
Full model	29/12/2017	21/06/2018	12/07/2018	French	PDF
Full model	29/12/2016	22/06/2017	20/07/2017	French	PDF
Full model	29/12/2015	23/06/2016	28/07/2016	French	PDF
Full model	29/12/2014	18/06/2015	25/08/2015	French	PDF
Full model	30/12/2012	27/06/2013	03/07/2013	French	PDF
Full model	30/12/2011	28/06/2012	20/07/2012	French	PDF
Full model	30/12/2010	30/06/2011	12/07/2011	French	PDF
Full model	31/12/2008	25/06/2009	14/07/2009	French	PDF
Full model	31/12/2007	19/05/2008	06/06/2008	French	PDF
Full model	31/12/2006	24/09/2007	17/10/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 28/12/2025 · 2 active · 19 ended

Active mandates

DEJAGER INVESTMENT GROUP

Managing director · since 24 juillet 2024 · until 29 juin 2028 · 0479.683.509

Represented by Patrick Dejager

Active

EURO-INVEST

Managing director · since 24 juillet 2024 · until 29 juin 2028 · 0431.913.284

Represented by Valentine Dejager

Active

Ended mandates

DEJAGER INVESTMENT GROUP

Managing director · since 17 juin 2021 · until 24 juillet 2024 · 0479.683.509

Represented by Patrick Dejager

Ended

DEJAGER INVESTMENT GROUP

Managing director · since 17 juin 2021 · until 20 juin 2024 · 0479.683.509

Represented by Patrick Dejager

Ended

EURO-INVEST

Managing director · since 17 juin 2021 · until 20 juin 2024 · 0431.913.284

Represented by Valentine Dejager

Ended

EURO-INVEST

Managing director · since 17 juin 2021 · until 24 juillet 2024 · 0431.913.284

Represented by Valentine Dejager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/07/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates02/12/2024
DEMISSIONS, NOMINATIONS
PDF
Restructuring14/08/2024
BENAMING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring14/08/2024
DENOMINATION - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring25/06/2024
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring25/06/2024
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates07/12/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates30/08/2021
DEMISSIONS, NOMINATIONS - DIVERS
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

2025
Annual accounts 202510,9 k €↓
2025
Name changeEUROPAL
29/07/2024
augmentation_capitalDEJAGER INVESTMENT GROUP
24/07/2024
reconductionDEJAGER INVESTMENT GROUP SA — administrateur
24/07/2024
reconductionEURO-INVEST SA — administrateur
29/12/2023
augmentation_capital
29/12/2023
reduction_capital
29/12/2023
apportDEJAGER INVESTMENT GROUP SA
29/12/2023
cessionPatrick Dejager
2023
Annual accounts 20231,9 M €↑
2022
Annual accounts 20221,2 M €↑
23/06/2022
nominationEY Bedrijfsrevisoren BV — commissaire
2021
Annual accounts 2021-569,4 k €↑
2020
Annual accounts 2020-1,3 M €↓
2018
Annual accounts 2018203,2 k €↑
2017
Annual accounts 201785,6 k €↓
2016
Annual accounts 2016268,9 k €↑
2015
Annual accounts 2015-64,5 k €↓
2014
Annual accounts 2014187,4 k €↑
2012
Annual accounts 2012-36,5 k €↓
2011
Annual accounts 20111,1 M €↑
2010
Annual accounts 2010-267,4 k €↑
2008
Annual accounts 2008-336,7 k €↑
2007
Annual accounts 2007-504,1 k €↓
2006
Annual accounts 2006-75,9 k €
2006
Name changeEUROPAL PACKAGING
12/11/1999
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

EUROPAL

Overview

What does EUROPAL do?

Trend over 16 financial years

Indicative valuation

Board of directors

Other companies at this address

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