ACTIVE

Manuchar Pulp & Paper

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Financial year 2025 · Closed on 31/12/2025

Net result1,4 M €+189,1 %over 1 year
Revenue65 M €+22,5 %over 1 year
Equity6,2 M €+28,4 %over 1 year
Workforce15,5 ETP-2,5 %over 1 year

Identity

Source · BCE/KBO

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
Joint committees (1)
  • 226
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 3 filings

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

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 2 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Guto0785.349.117Represented by Sofie Beernaert
Director01/04/2025 → 01/04/2031
Hucar1018.371.524Represented by Laurent Pasqualini
Director01/04/2025 → 01/04/2031
MATTHIAS DE RAEYMAEKER0822.840.805Represented by Matthias De Raeymaeker
Director10/03/2023 → 01/04/2031

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Anthony Maas
Director10/03/2023 → 2023 accounts
Philippe Huybrechs
Director10/03/2023 → 2023 accounts

Other companies at this address

Rietschoorvelden 20 2170 Antwerpen
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

Full financial information

Source · NBB
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 3 filings
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

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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 2 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Guto0785.349.117Represented by Sofie Beernaert
Director01/04/2025 → 01/04/2031
Hucar1018.371.524Represented by Laurent Pasqualini
Director01/04/2025 → 01/04/2031
MATTHIAS DE RAEYMAEKER0822.840.805Represented by Matthias De Raeymaeker
Director10/03/2023 → 01/04/2031

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Anthony Maas
Director10/03/2023 → 2023 accounts
Philippe Huybrechs
Director10/03/2023 → 2023 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • 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

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts
Year
Identity
Incorporation
Name
Registered office
Annual accounts
Filings3 filings
Mandates
Guto
MATTHIAS DE RAEYMAEKER
Hucar
Anthony Maas
Philippe Huybrechs
202320242025202620272028202920302031
Manuchar Pulp & Paper
Rietschoorvelden 20, 2170 Merksem (Antwerp)
Director
Director
Director
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Rietschoorvelden 20, 2170 Merksem (Antwerp)Current
accounts 2023 → 2025
Accounts 2025 · 2026-00133685

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
Manuchar Pulp & PaperCurrent
accounts 2023 → 2025
Accounts 2025 · 2026-00133685

Events

  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