ACTIVE

CONTINENTAL CELLULOSE

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Financial year 2025 · closed on 31/12/2025

Net result

-78,9 k €

-327.6% YoY

Gross margin

335,7 k €

-24.2% YoY

Equity

353,5 k €

-18.2% YoY

Workforce

371 350,8 ETP

-0.3% YoY

What does CONTINENTAL CELLULOSE do?

CONTINENTAL CELLULOSE is a Public limited company incorporated in 2000. Its main activity is: Manufacture of pulp. Its registered office is in Waterloo. It employs on average 371 350,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0472.823.233

Incorporation

26/09/2000

Legal form

Public limited company

Registered office

Chaussée de Tervuren 149 box 4
1410 Waterloo · WallonieSee on map

Contributed capital

62 230,00 €

Latest accounts

31/12/2025

Average workforce

371 350,8 ETP

Activities (NACE)

17110Manufacture of pulp· main 17110Manufacture of pulp 21110Manufacture of basic pharmaceutical products 46180Agents specialised in the sale of other particular products 46180Agents specialised in the sale of other particular products

Joint committees (2)

Signals

Solid equityLow riskGood liquidityHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	335,7 k €	-24.2%	443,1 k €	+0.1%	442,7 k €	-23.6%	579,8 k €	+46.8%	395 k €	+1.4%	389,6 k €	+6.6%	365,6 k €	-45.7%	672,9 k €	+93.9%	346,9 k €	+58.2%	219,4 k €	-37.2%	349,3 k €	+85.0%	188,8 k €	-48.3%	365,4 k €	-12.9%	419,6 k €	+0.0%	419,5 k €	-43.4%	741 k €	+68.0%	440,9 k €	+15.8%	380,8 k €	-55.0%	846,4 k €	-9.4%	934,4 k €
EBITDA	-53,2 k €	-177%	69 k €	-3.3%	71,4 k €	-71.2%	247,9 k €	+267%	67,6 k €	+50.4%	44,9 k €	+44.9%	31 k €	-91.1%	349,5 k €	+837%	37,3 k €	+143%	-87,4 k €	-386%	30,5 k €	+125%	-124 k €	-335%	52,7 k €	-59.0%	128,8 k €	+15.3%	111,7 k €	-64.4%	314 k €	+560%	-68,2 k €	+66.0%	-200,8 k €	-202%	196,9 k €	+42.4%	138,3 k €
Operating result	-64,1 k €	-211%	57,8 k €	+5.2%	54,9 k €	-75.2%	221,5 k €	+369%	47,2 k €	+50.9%	31,3 k €	+109%	15 k €	-95.4%	326,7 k €	+1099%	27,3 k €	+128%	-97,3 k €	-594%	19,7 k €	+115%	-133,6 k €	-378%	48 k €	-60.2%	120,6 k €	+31.5%	91,8 k €	-67.3%	280,5 k €	+369%	-104,1 k €	+55.6%	-234,4 k €	-243%	163,4 k €	+52.3%	107,3 k €
Net result	-78,9 k €	-328%	34,7 k €	+92.9%	18 k €	-88.3%	152,9 k €	+783%	17,3 k €	+19632%	87,8 €	-82.1%	489,5 €	-99.8%	247,2 k €	+608%	34,9 k €	+135%	-100,6 k €	-1049%	10,6 k €	+108%	-138,9 k €	-1266%	11,9 k €	-84.7%	78 k €	+56.1%	50 k €	-83.1%	296,3 k €	+396%	-100,1 k €	+58.1%	-238,8 k €	-301%	118,9 k €	+101%	59 k €
Balance sheet
Equity	353,5 k €	-18.2%	432,4 k €	-16.1%	515,3 k €	+3.6%	497,3 k €	+31.8%	377,4 k €	+4.8%	360 k €	+0.0%	360 k €	-14.2%	419,5 k €	-0.7%	422,3 k €	-3.5%	437,4 k €	-18.7%	537,9 k €	+2.0%	527,3 k €	-20.9%	666,3 k €	+1.8%	654,4 k €	+4.5%	626,3 k €	-0.0%	626,3 k €	+45.6%	430 k €	-18.9%	530,1 k €	-31.1%	768,9 k €	+2.5%	750 k €
Total assets	512,9 k €	-22.1%	658,6 k €	-12.7%	754,1 k €	-21.5%	960,5 k €	+24.1%	773,9 k €	+36.0%	568,9 k €	-22.3%	731,8 k €	-32.1%	1,1 M €	+33.9%	805,6 k €	+14.3%	704,8 k €	-15.1%	830,1 k €	-8.5%	906,9 k €	-20.4%	1,1 M €	-6.0%	1,2 M €	+2.8%	1,2 M €	-11.7%	1,3 M €	+42.4%	937,8 k €	-16.7%	1,1 M €	-28.7%	1,6 M €	+12.2%	1,4 M €
Cash	218 k €	-34.2%	331,2 k €	+53.5%	215,8 k €	+1.0%	213,7 k €	-9.5%	236 k €	+78.8%	132 k €	-46.1%	245 k €	-23.0%	318,2 k €	+170%	118,1 k €	-23.7%	154,8 k €	-44.1%	276,7 k €	+94.2%	142,5 k €	-21.0%	180,4 k €	+336%	41,4 k €	-48.8%	80,8 k €	+41.0%	57,3 k €	-21.5%	73,1 k €	-79.7%	360,8 k €	-44.7%	652,2 k €	+40.6%	463,9 k €
Debts	153,6 k €	-32.1%	226,3 k €	-5.3%	238,8 k €	-48.4%	463,2 k €	+16.8%	396,5 k €	+89.9%	208,8 k €	-43.8%	371,8 k €	-43.6%	658,9 k €	+71.9%	383,3 k €	+43.4%	267,4 k €	-8.3%	291,7 k €	-23.1%	379,3 k €	-19.8%	472,8 k €	-15.2%	557,7 k €	+0.9%	552,6 k €	-22.1%	709,3 k €	+39.7%	507,8 k €	-14.8%	596,3 k €	-26.6%	811,9 k €	+23.2%	658,9 k €
Other
Workforce	371 350,8 ETP	-0.3%	372 444,5 ETP	+12414717%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	-6.3%	3,2 ETP	0.0%	3,2 ETP	+14.3%	2,8 ETP	0.0%	2,8 ETP	-22.2%	3,6 ETP	0.0%	3,6 ETP	-18.2%	4,4 ETP	-22.8%	5,7 ETP	-14.9%	6,7 ETP	-5.6%	7,1 ETP	-20.2%	8,9 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 31/12/2025 · 3 active · 24 ended

Active mandates

Caistor Thames

Mandate

Represented by Kate Houghton

Active

Henry Houghton

Mandate

Active

Thierry Coets

Mandate

Active

Ended mandates

Thierry Coets

Director · since 22 avril 2022 · until 21 avril 2028

Ended

Caistor Thames LTD

Director · since 25 avril 2019 · until 24 avril 2025 · 0739.621.436

Represented by Kate Houghton

Ended

Henry Houghton

Managing director · since 23 avril 2018 · until 22 avril 2024

Ended

Robert Tasiaux

Chairman of the board of directors · since 25 avril 2015 · until 24 avril 2018

Ended

At this address

Other companies at this address

Company	CBE no.
BRAXEL● Active	0667.970.902
SMART SERVICES GROUP● Active	0833.350.457

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	25/06/2026	02/07/2025	09/07/2024	13/06/2023	27/06/2022	27/07/2021
General meeting	29/05/2026	03/06/2025	26/06/2024	30/05/2023	21/06/2022	28/04/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	29/05/2026	25/06/2026	French	PDF
Abridged model	31/12/2024	03/06/2025	02/07/2025	French	PDF
Abridged model	31/12/2023	26/06/2024	09/07/2024	French	PDF
Abridged model	31/12/2022	30/05/2023	13/06/2023	French	PDF
Abridged model	31/12/2021	21/06/2022	27/06/2022	French	PDF
Abridged model	31/12/2020	28/04/2021	27/07/2021	French	PDF
Abridged model	31/12/2019	29/04/2020	14/07/2020	French	PDF
Abridged model	31/12/2018	25/04/2019	24/06/2019	French	PDF
Abridged model	31/12/2017	24/04/2018	11/05/2018	French	PDF
Abridged model	31/12/2016	06/06/2017	17/08/2017	French	PDF
Abridged model	31/12/2015	11/05/2016	23/06/2016	French	PDF
Abridged model	31/12/2014	22/04/2015	08/07/2015	French	PDF
Abridged model	31/12/2013	27/05/2014	15/07/2014	French	PDF
Abridged modelCorrection	31/12/2012	30/05/2013	23/08/2013	French	PDF
Abridged model	31/12/2012	30/05/2013	19/07/2013	French	PDF
Abridged model	31/12/2011	25/04/2012	01/05/2012	French	PDF
Abridged model	31/12/2010	21/04/2011	10/05/2011	French	PDF
Abridged model	31/12/2009	28/04/2010	31/05/2010	French	PDF
Abridged model	31/12/2008	13/05/2009	15/06/2009	French	PDF
Abridged model	31/12/2007	13/05/2008	02/06/2008	French	PDF
Abridged model	31/12/2006	25/04/2007	07/05/2007	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 31/12/2025 · 3 active · 24 ended

Active mandates

Caistor Thames

Mandate

Represented by Kate Houghton

Active

Henry Houghton

Mandate

Active

Thierry Coets

Mandate

Active

Ended mandates

Thierry Coets

Director · since 22 avril 2022 · until 21 avril 2028

Ended

Caistor Thames LTD

Director · since 25 avril 2019 · until 24 avril 2025 · 0739.621.436

Represented by Kate Houghton

Ended

Henry Houghton

Managing director · since 23 avril 2018 · until 22 avril 2024

Ended

Robert Tasiaux

Chairman of the board of directors · since 25 avril 2015 · until 24 avril 2018

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates24/06/2026
DEMISSIONS, NOMINATIONS
PDF
Other21/12/2023
DIVERS - OBJET - ASSEMBLEE GENERALE
PDF
Mandates02/09/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates04/11/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates30/12/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates03/01/2019
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Capital / shares30/05/2017
CAPITAL, ACTIONS
PDF
Mandates03/06/2016
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

2025
Annual accounts 2025-78,9 k €↓
2024
Annual accounts 202434,7 k €↑
2023
Annual accounts 202318 k €↓
2022
Annual accounts 2022152,9 k €↑
2021
Annual accounts 202117,3 k €↑
2020
Annual accounts 202087,8 €↓
2019
Annual accounts 2019489,5 €↓
2018
Annual accounts 2018247,2 k €↑
2017
Annual accounts 201734,9 k €↑
2016
Annual accounts 2016-100,6 k €↓
2015
Annual accounts 201510,6 k €↑
2014
Annual accounts 2014-138,9 k €↓
2013
Annual accounts 201311,9 k €↓
2012
Annual accounts 201278 k €↑
2011
Annual accounts 201150 k €↓
2010
Annual accounts 2010296,3 k €↑
2009
Annual accounts 2009-100,1 k €↑
2008
Annual accounts 2008-238,8 k €↓
2007
Annual accounts 2007118,9 k €↑
2006
Annual accounts 200659 k €
26/09/2000
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

CONTINENTAL CELLULOSE

Overview

What does CONTINENTAL CELLULOSE do?

Trend over 20 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