ACTIVE

FEDERATION EUROPEENNE DES FABRICANTS DE CARTON ONDULE -

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Financial year 2025 · Closed on 31/12/2025

Net result298,6 k €-19,8 %over 1 year
Revenue3,5 M €+23,5 %over 1 year
Equity3,5 M €+9,3 %over 1 year
Workforce3,8 ETP-5,0 %over 1 year

Identity

Source · BCE/KBO

FEDERATION EUROPEENNE DES FABRICANTS DE CARTON ONDULE - is a International non-profit organization incorporated in 2001. Its main activity is: Management consultancy activities. Its registered office is in Ixelles. It employs on average 3,8 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0477.487.844
Incorporation
24/07/2001
Legal form
International non-profit organization
Registered office
Avenue Louise 250
1050 Ixelles · BruxellesSee on map
Latest accounts
31/12/2025
Average workforce
3,8 ETP
Joint committees (1)
  • 200
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 8 filings

Trend over 8 financial years

20252024202320222021
Income statement
Revenue3,5 M €2,9 M €3,6 M €2,3 M €2,7 M €
EBITDA277,4 k €363,6 k €316,5 k €56,6 k €146,7 k €
Operating result291,3 k €353,8 k €328,8 k €13,7 k €73,8 k €
Net result298,6 k €372,5 k €312,7 k €-7,1 k €57,9 k €
Balance sheet
Equity3,5 M €3,2 M €2,9 M €2,5 M €2,5 M €
Total assets4,2 M €3,8 M €3,8 M €3,2 M €3,5 M €
Cash2,7 M €2,8 M €2,7 M €2,4 M €1,8 M €
Debts489,5 k €404 k €461 k €420 k €663,8 k €
Other
Workforce3,8 ETP4,0 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

16 active · 26 ended

Active mandates

DirectorFunctionMandateOther mandatescurrentendedstruck offbankruptcies
Alexander ENZENBERG
Mandate
Alexander MANISTY
Mandate
Dennis BELKOVSKY
Mandate
Dirk OCKERMAN
Mandate
000
Fady GEMAYEL
Mandate
Fausto FERRETTI
Mandate
Jan KLINGELE
Mandate
John Weedon
Mandate
Leopoldo SANTORROMAN SALDANA
Mandate
Nina IVERSEN
Mandate
Paulus GOESS
Mandate
Philippe DURAND
Mandate
Saverio MAYER
Mandate
Stefano Rossi
Mandate
Steffen WÜRTH
Mandate
Thomas ZEBROWSKI
Mandate

Ended mandates

DirectorFunctionMandateOther mandatescurrentendedstruck offbankruptcies
Alexander Enzenberg
Director
Alexander Manisty
Director
Amelio Cecchini
Director
Armand Schoonbrood
Director

Other companies at this address

Avenue Louise 250 1050 Ixelles
CompanyCBE no.
Association des Organisations de Recherche Européenne pour l'Etude de la Fibre et du Papier● Liquidation
0883.487.381
ASSOCIATION EUROPEENNE DES PRODUCTEURS DE PAPIER DECORATIF● Active
0472.876.285
BRUNO BRASSELLE● Liquidation
0430.593.391
Bureau van Dijk Editions Electroniques● Active
0440.734.148
Caroline Compagnon● Active
1021.507.493
CEPI CONTAINERBOARD● Active
0833.959.775
Cew & Partners● Active
0627.758.957
CEW & partners● Active
0850.694.057
CEW & PARTNERS● Active
1028.221.081
Charline Servais-Cabinet d'avocats● Active
0800.322.551
Confédération Internationale des Transformateurs de Papier et Carton en Europe● Active
0877.573.252
Confédération of european paper industries● Active
0447.185.143
CST PROPERTIES● Bankrupt
0843.137.856
David Szafran● Active
0758.742.215
DDVP LEGAL● Active
0805.077.630
EDGARD VAN DER STRAETEN● Active
0886.387.780
Etablissements A. Linckx et fils● Liquidation
0412.723.122
EUROPEAN ASSOCIATION OF GRAPHIC PAPER PRODUCERS● Active
0476.557.733
EUROPEAN CARTON MAKERS ASSOCIATION● Active
1019.549.380
EUROPEAN DOMESTIC GLASS● Active
0478.378.066

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelMicro modelMicro modelMicro modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date12/06/202623/05/202501/10/202430/11/202320/12/202203/12/2021
General meeting19/05/202615/05/202514/05/202413/06/202306/12/202215/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 8 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202519/05/202612/06/2026FrenchPDF
Abridged model31/12/202415/05/202523/05/2025FrenchPDF
Micro model31/12/202314/05/202401/10/2024FrenchPDF
Micro model31/12/202213/06/202330/11/2023FrenchPDF
Micro model31/12/202106/12/202220/12/2022FrenchPDF
Abridged model31/12/202015/06/202103/12/2021DutchPDF
Abridged model31/12/201910/09/202001/10/2020DutchPDF
Abridged model31/12/201825/06/201930/07/2019DutchPDF

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

16 active · 26 ended

Active mandates

DirectorFunctionMandateOther mandatescurrentendedstruck offbankruptcies
Alexander ENZENBERG
Mandate
Alexander MANISTY
Mandate
Dennis BELKOVSKY
Mandate
Dirk OCKERMAN
Mandate
000
Fady GEMAYEL
Mandate
Fausto FERRETTI
Mandate
Jan KLINGELE
Mandate
John Weedon
Mandate
Leopoldo SANTORROMAN SALDANA
Mandate
Nina IVERSEN
Mandate
Paulus GOESS
Mandate
Philippe DURAND
Mandate
Saverio MAYER
Mandate
Stefano Rossi
Mandate
Steffen WÜRTH
Mandate
Thomas ZEBROWSKI
Mandate

Ended mandates

DirectorFunctionMandateOther mandatescurrentendedstruck offbankruptcies
Alexander Enzenberg
Director
Alexander Manisty
Director
Amelio Cecchini
Director
Armand Schoonbrood
Director

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates14/09/2026
    Extrait de l'acte de nomination -administrateurs; Extrait de l'acte de
    PDF
  • Mandates11/03/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates17/09/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates08/07/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates22/12/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates02/03/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates18/02/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Other11/02/2022
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025298,6 k €↓
  2. 2024
    Annual accounts 2024372,5 k €↑
  3. 2023
    Annual accounts 2023312,7 k €↑
  4. 2022
    Annual accounts 2022-7,1 k €↓
  5. 2021
    Annual accounts 202157,9 k €↑
  6. 2020
    Annual accounts 2020-42,2 k €↓
  7. 2019
    Annual accounts 2019262,1 k €↑
  8. 2018
    Annual accounts 2018-93,7 k €
  9. 24/07/2001
    IncorporationInternational non-profit organization