ACTIVE

ERPAK SAN

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Financial year 2025 · closed on 31/12/2025

Net result

78,4 k €

-59.0% YoY

Revenue

9,5 M €

Equity

2,4 M €

+3.4% YoY

Workforce

12,7 ETP

+3.3% YoY

What does ERPAK SAN do?

ERPAK SAN is a Public limited company incorporated in 2004. Its main activity is: Manufacture of corrugated paper and paperboard and of containers of paper and paperboard. Its registered office is in Bornem. It employs on average 12,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0870.505.318

Incorporation

10/12/2004

Legal form

Public limited company

Registered office

Woestijnstraat(BOR) 57 box A
2880 Bornem · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Average workforce

12,7 ETP

Activities (NACE)

17210Manufacture of corrugated paper and paperboard and of containers of paper and paperboard· main 46649Wholesale of machinery for the textile industry and of sewing and knitting machines 46699Wholesale of other machinery and equipment 68203Rental and operating of own or leased real estate 68203Rental and operating of own or leased real estate

Joint committees (5)

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2008		2007
Income statement
Revenue	9,5 M €		–		–		–		–		–		–		–		–		–		4,1 M €	-8.1%	4,5 M €	-30.5%	6,5 M €		–		5,6 M €	+64.3%	3,4 M €	+83.3%	1,9 M €	+63.6%	1,1 M €
EBITDA	589 k €	-7.2%	634,7 k €	+6.7%	594,8 k €	-54.1%	1,3 M €	+204%	425,5 k €	-44.7%	769,2 k €	+26.5%	608,3 k €	+49.7%	406,4 k €	-4.0%	423,4 k €	-8.3%	461,8 k €	+31.4%	351,4 k €	+430%	66,3 k €	-88.3%	565,4 k €	-18.1%	690,4 k €	+2430%	27,3 k €	-81.9%	150,5 k €	+273%	40,3 k €	+119%	18,4 k €
Operating result	279,7 k €	-21.2%	355 k €	+46.3%	242,6 k €	-75.7%	999,9 k €	+419%	192,8 k €	-56.9%	447,8 k €	+54.4%	290 k €	+62.4%	178,6 k €	-8.8%	195,9 k €	-2.4%	200,7 k €	+6.6%	188,3 k €	+266%	-113,1 k €	-136%	312,1 k €	-50.9%	635,5 k €	+6295%	-10,3 k €	-109%	117,3 k €	+253%	33,2 k €	+91.1%	17,4 k €
Net result	78,4 k €	-59.0%	191 k €	+131%	82,9 k €	-87.7%	674,7 k €	+937%	65 k €	-77.3%	286,4 k €	+107%	138,1 k €	+170%	51,2 k €	-9.3%	56,5 k €	+8.3%	52,2 k €	+37.6%	37,9 k €	+2316%	1,6 k €	-99.1%	181,9 k €	-32.9%	271,2 k €	+411%	-87,2 k €	-140%	216,4 k €	+1380%	14,6 k €	+54.1%	9,5 k €
Balance sheet
Equity	2,4 M €	+3.4%	2,3 M €	+9.0%	2,1 M €	+4.1%	2 M €	+49.5%	1,4 M €	+5.0%	1,3 M €	+28.4%	1 M €	+15.8%	872,1 k €	+6.2%	820,9 k €	+7.4%	764,4 k €	+7.3%	712,2 k €	+5.6%	674,3 k €	+0.2%	672,8 k €	+37.0%	490,9 k €	+123%	219,7 k €	-28.4%	306,9 k €	+600%	43,8 k €	+161%	16,8 k €
Total assets	12,2 M €	+59.5%	7,7 M €	-1.1%	7,8 M €	-7.4%	8,4 M €	+38.9%	6 M €	+24.4%	4,9 M €	+6.1%	4,6 M €	-0.3%	4,6 M €	+5.8%	4,3 M €	+2.5%	4,2 M €	-3.6%	4,4 M €	-7.2%	4,7 M €	-16.0%	5,6 M €	+81.5%	3,1 M €	+34.8%	2,3 M €	+32.1%	1,7 M €	+82.8%	952,1 k €	+68.5%	565 k €
Cash	40,9 k €	+209%	13,3 k €	+475%	2,3 k €	-83.2%	13,7 k €	-87.3%	108,3 k €	+1587%	6,4 k €	-86.5%	47,7 k €	+871%	4,9 k €	-73.6%	18,6 k €	+166%	7 k €	-74.2%	27,1 k €	+1250%	2 k €	-85.9%	14,2 k €	-67.2%	43,3 k €	+94.0%	22,4 k €	-29.9%	31,9 k €	+23.5%	25,8 k €	+135789%	19 €
Debts	9,7 M €	+86.1%	5,2 M €	-4.3%	5,5 M €	-11.4%	6,2 M €	+32.1%	4,7 M €	+31.4%	3,6 M €	-0.2%	3,6 M €	-3.9%	3,7 M €	+5.9%	3,5 M €	+1.4%	3,5 M €	-5.7%	3,7 M €	-9.5%	4 M €	-18.2%	4,9 M €	+89.7%	2,6 M €	+25.4%	2,1 M €	+45.0%	1,4 M €	+57.8%	908,3 k €	+65.7%	548,2 k €
Other
Workforce	12,7 ETP	+3.3%	12,3 ETP	-9.6%	13,6 ETP	+6.2%	12,8 ETP	-7.2%	13,8 ETP	+40.8%	9,8 ETP	+55.6%	6,3 ETP	-4.5%	6,6 ETP	-5.7%	7,0 ETP	+2.9%	6,8 ETP	-24.4%	9,0 ETP	+2.3%	8,8 ETP	+8.6%	8,1 ETP	+80.0%	4,5 ETP	+125%	2,0 ETP	+53.8%	1,3 ETP		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 6 ended

Active mandates

Bayram Erdogmus

Director · since 01 décembre 2004

Active

Ended mandates

Bayram Erdogmus

Director · since 27 décembre 2023 · until 14 juin 2029

Ended

Bayram Erdogmus

Director · since 14 décembre 2004

Ended

Bayram Erdogmus

Manager · since 14 décembre 2004

Ended

Bayram Erdogmus

Manager · since 01 décembre 2004

Ended

At this address

Other companies at this address

Company	CBE no.
VRD BENELUX● Active	0875.947.513

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	29/07/2026	22/08/2025	28/08/2024	31/08/2023	31/08/2022	03/09/2021
General meeting	14/06/2026	30/06/2025	14/06/2024	14/06/2023	14/06/2022	14/06/2021
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

19 filings with the NBB

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

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 · 1 active · 6 ended

Active mandates

Bayram Erdogmus

Director · since 01 décembre 2004

Active

Ended mandates

Bayram Erdogmus

Director · since 27 décembre 2023 · until 14 juin 2029

Ended

Bayram Erdogmus

Director · since 14 décembre 2004

Ended

Bayram Erdogmus

Manager · since 14 décembre 2004

Ended

Bayram Erdogmus

Manager · since 01 décembre 2004

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Other01/06/2012
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office22/04/2009
VERPLAATSING MAATSCHAPPELIJKE ZETEL
PDF
Mandates26/09/2006
ONTSLAGEN - BENOEMINGEN
PDF
Registered office28/02/2006
MAATSCHAPPELIJKE ZETEL
PDF
Other23/12/2004
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

2025
Annual accounts 202578,4 k €↓
2024
Annual accounts 2024191 k €↑
2023
Annual accounts 202382,9 k €↓
2022
Annual accounts 2022674,7 k €↑
2022
Name changeErpak San
2021
Annual accounts 202165 k €↓
2021
Name changeErpaksan
2020
Annual accounts 2020286,4 k €↑
2019
Annual accounts 2019138,1 k €↑
2018
Annual accounts 201851,2 k €↓
2017
Annual accounts 201756,5 k €↑
2016
Annual accounts 201652,2 k €↑
2015
Annual accounts 201537,9 k €↑
2014
Annual accounts 20141,6 k €↓
2013
Annual accounts 2013181,9 k €↓
2012
Annual accounts 2012271,2 k €↑
2011
Annual accounts 2011-87,2 k €↓
2010
Annual accounts 2010216,4 k €↑
2008
Annual accounts 200814,6 k €↑
2007
Annual accounts 20079,5 k €
10/12/2004
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

ERPAK SAN

Overview

What does ERPAK SAN do?

Trend over 18 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