ACTIVE

Manuchar Pulp & Paper

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Financial year 2025 · closed on 31/12/2025
Net result
1,4 M €
+189.1% YoY
Revenue
65 M €
+22.5% YoY
Equity
6,2 M €
+28.4% YoY
Workforce
15,5 ETP
-2.5% YoY

What does Manuchar Pulp & Paper do?

Manuchar Pulp & Paper is a Public limited company incorporated in 2023. Its main activity is: Agents specialised in the sale of other particular products. Its registered office is in Antwerpen. It employs on average 15,5 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0799.443.316
Incorporation
13/03/2023
Legal form
Public limited company
Registered office
Rietschoorvelden 20
2170 Antwerpen · FlandreSee on map
Contributed capital
100 749,58 €
Latest accounts
31/12/2025
Average workforce
15,5 ETP
Activities (NACE)
46180Agents specialised in the sale of other particular products· main46180Agents specialised in the sale of other particular products46769Wholesale of other intermediate products46869Wholesale trade, except of motor vehicles and motorcycles46180Agents specialised in the sale of other particular products
Joint committees (1)
  • 226
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 3 financial years

202520242023
Income statement
Revenue65 M €53,1 M €46,1 M €
EBITDA2,4 M €2 M €1,1 M €
Operating result2,4 M €2 M €1,1 M €
Net result1,4 M €475 k €167,7 k €
Balance sheet
Equity6,2 M €4,8 M €4,1 M €
Total assets15,7 M €18,7 M €12,6 M €
Cash3,4 M €3,6 M €4 M €
Debts9,1 M €13,7 M €8,4 M €
Other
Workforce15,5 ETP15,9 ETP8,9 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 5 ended

Active mandates

Guto

Director · since 01 avril 2025 · until 01 avril 2031 · 0785.349.117

Represented by Sofie Beernaert

Active
Hucar

Director · since 01 avril 2025 · until 01 avril 2031 · 1018.371.524

Represented by Laurent Pasqualini

Active
MATTHIAS DE RAEYMAEKER

Director · since 01 avril 2025 · until 01 avril 2031 · 0822.840.805

Represented by Matthias De Raeymaeker

Active

Ended mandates

Guto

Director · since 01 avril 2025 · until 01 avril 2031 · 0785.349.117

Represented by Sofie Beernaert

Ended
MATTHIAS DE RAEYMAEKER

Director · since 01 avril 2024 · until 01 avril 2031 · 0822.840.805

Represented by Matthias De Raeymaeker

Ended
Anthony Maas

Director · since 10 mars 2023 · until 13 avril 2028

Ended
MATTHIAS DE RAEYMAEKER

Director · since 10 mars 2023 · until 13 avril 2028 · 0822.840.805

Represented by Matthias De Raeymaeker

Ended
At this address

Other companies at this address

CompanyCBE no.
Chemical Distribution BE Pillar 2 Group● Active
1014.116.489
Corvida investments● Active
0787.276.150
Dragonfly Invest● Active
0787.276.348
Flamengo investments● Active
0787.267.638
International Trade Services Group● Active
1019.628.663
LDI INTERNATIONAL● Active
0472.156.309
LSF XI Magpie Finco● Active
0785.953.881
Manuchar● Active
0407.045.751
Manuchar Europe● Active
0793.709.923
MANUCHAR GROUP● Active
0777.879.622
Manuchar International Trade Services● Active
0799.443.514
MANUCHAR STEEL● Active
0865.797.353
PPLS Invest● Active
0787.267.737
UNIT ONE● Active
0449.634.887
Annual accounts

Full financial information

202520242023
Type of accountFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/2023
Closing of the financial year31/12/202531/12/202431/12/2023
Length of the financial year12 months12 months12 months
Filing date27/05/202631/07/202523/05/2024
General meeting20/05/202629/07/202511/04/2024
Currency of the financial yearUSDUSDEUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

3 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202520/05/202627/05/2026DutchPDF
Full model31/12/202429/07/202531/07/2025DutchPDF
Full model31/12/202311/04/202423/05/2024DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 31/12/2025 · 3 active · 5 ended

Active mandates

Guto

Director · since 01 avril 2025 · until 01 avril 2031 · 0785.349.117

Represented by Sofie Beernaert

Active
Hucar

Director · since 01 avril 2025 · until 01 avril 2031 · 1018.371.524

Represented by Laurent Pasqualini

Active
MATTHIAS DE RAEYMAEKER

Director · since 01 avril 2025 · until 01 avril 2031 · 0822.840.805

Represented by Matthias De Raeymaeker

Active

Ended mandates

Guto

Director · since 01 avril 2025 · until 01 avril 2031 · 0785.349.117

Represented by Sofie Beernaert

Ended
MATTHIAS DE RAEYMAEKER

Director · since 01 avril 2024 · until 01 avril 2031 · 0822.840.805

Represented by Matthias De Raeymaeker

Ended
Anthony Maas

Director · since 10 mars 2023 · until 13 avril 2028

Ended
MATTHIAS DE RAEYMAEKER

Director · since 10 mars 2023 · until 13 avril 2028 · 0822.840.805

Represented by Matthias De Raeymaeker

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates31/03/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring11/07/2023
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates19/05/2023
    ONTSLAGEN - BENOEMINGEN - DIVERSEN
    PDF
  • Other19/05/2023
    DIVERSEN
    PDF
  • Restructuring18/04/2023
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Other15/03/2023
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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

Timeline

  1. 2025
    Annual accounts 20251,4 M €↑
  2. 2024
    Annual accounts 2024475 k €↑
  3. 2023
    Annual accounts 2023167,7 k €
  4. 13/03/2023
    IncorporationPublic limited company