ACTIVE

Cartamundi Turnhout

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Financial year 2025 · closed on 31/12/2025

Net result

19,4 M €

+1.6% YoY

Revenue

118,6 M €

+6.5% YoY

Equity

32,5 M €

+2.8% YoY

Workforce

375,9 ETP

+5.2% YoY

What does Cartamundi Turnhout do?

Cartamundi Turnhout is a Public limited company incorporated in 2005. Its main activity is: Manufacture of games and toys. Its registered office is in Turnhout. It employs on average 375,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0877.566.324

Incorporation

29/11/2005

Legal form

Public limited company

Registered office

Visbeekstraat 22
2300 Turnhout · FlandreSee on map

Contributed capital

8 045 471,80 €

Latest accounts

31/12/2025

Average workforce

375,9 ETP

Activities (NACE)

32400Manufacture of games and toys· main 32400Manufacture of games and toys 36500Water collection, treatment and supply 46497Wholesale of other household goods 46497Wholesale of other household goods

Joint committees (2)

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2010		2009		2007		2006
Income statement
Revenue	118,6 M €	+6.5%	111,4 M €	+27.6%	87,3 M €	-1.1%	88,3 M €	+20.6%	73,2 M €	+38.8%	52,8 M €	+9.3%	48,3 M €	-10.4%	53,9 M €	+19.0%	45,3 M €	-2.1%	46,2 M €	-7.1%	49,8 M €	+0.8%	49,4 M €	-9.8%	54,8 M €	+12.5%	48,7 M €	-19.5%	60,6 M €	+6.9%	56,6 M €
EBITDA	28,3 M €	-4.3%	29,6 M €	+70.6%	17,4 M €	+31.3%	13,2 M €	+52.6%	8,7 M €	+88.8%	4,6 M €	+22.0%	3,8 M €	-30.0%	5,4 M €	+50.1%	3,6 M €	+20.0%	3 M €	-13.8%	3,5 M €	+28.7%	2,7 M €	+6.5%	2,5 M €	-55.1%	5,6 M €	-8.0%	6,1 M €	+60.8%	3,8 M €
Operating result	28,5 M €	+11.9%	25,5 M €	+62.1%	15,7 M €	+99.2%	7,9 M €	+24.5%	6,3 M €	+172%	2,3 M €	+45.6%	1,6 M €	-30.5%	2,3 M €	+278%	609,6 k €	+98.2%	307,6 k €	-78.8%	1,5 M €	+166%	546,2 k €	-55.6%	1,2 M €	-63.2%	3,3 M €	-25.5%	4,5 M €	+253%	1,3 M €
Net result	19,4 M €	+1.6%	19,1 M €	+127%	8,4 M €	+125%	3,7 M €	-54.4%	8,2 M €	+97.9%	4,1 M €	-39.0%	6,8 M €	+98.6%	3,4 M €	+288%	882,2 k €	+16.6%	756,6 k €	+45.8%	518,9 k €	+127%	228,4 k €	-78.1%	1 M €	-41.9%	1,8 M €	+4.8%	1,7 M €	+108%	822,1 k €
Balance sheet
Equity	32,5 M €	+2.8%	31,6 M €	+7.0%	29,5 M €	+15.3%	25,6 M €	-0.0%	25,6 M €	-0.0%	25,6 M €	+19.3%	21,5 M €	+15.0%	18,7 M €	+22.4%	15,3 M €	+6.7%	14,3 M €	+6.1%	13,5 M €	+4.0%	13 M €	+15.9%	11,2 M €	+0.3%	11,1 M €	+15.4%	9,7 M €	+5.6%	9,1 M €
Total assets	90 M €	-13.4%	103,9 M €	+5.9%	98,1 M €	+16.2%	84,4 M €	+2.9%	82,1 M €	-18.5%	100,6 M €	+22.1%	82,4 M €	-10.0%	91,6 M €	+11.2%	82,3 M €	-6.8%	88,3 M €	-1.6%	89,7 M €	+4.3%	86 M €	+35.2%	63,7 M €	-0.4%	63,9 M €	+30.3%	49,1 M €	+16.5%	42,1 M €
Cash	161,6 k €	-93.6%	2,5 M €	-41.1%	4,3 M €	-1.6%	4,4 M €	-24.5%	5,8 M €	-59.4%	14,2 M €	+351%	3,2 M €	-73.5%	11,9 M €	+863%	1,2 M €	-31.7%	1,8 M €	+24.9%	1,4 M €	-45.8%	2,7 M €	-36.0%	4,2 M €	+303%	1 M €	+16.8%	887,8 k €	-61.3%	2,3 M €
Debts	56,2 M €	-20.7%	70,9 M €	+5.3%	67,3 M €	+16.8%	57,6 M €	+5.6%	54,5 M €	-25.3%	73 M €	+24.0%	58,9 M €	-15.9%	70 M €	+9.0%	64,2 M €	-9.0%	70,6 M €	-2.4%	72,3 M €	+3.8%	69,7 M €	+44.0%	48,4 M €	-4.3%	50,6 M €	+33.5%	37,9 M €	+21.3%	31,2 M €
Other
Workforce	375,9 ETP	+5.2%	357,4 ETP	+3.9%	344,0 ETP	+2.4%	335,9 ETP	+4.9%	320,2 ETP	+18.1%	271,2 ETP	+1.7%	266,7 ETP	+4.8%	254,4 ETP	+2.7%	247,8 ETP	+1.8%	243,5 ETP	+2.4%	237,9 ETP	+2.5%	232,0 ETP	-10.4%	258,9 ETP	-2.8%	266,4 ETP	-10.1%	296,2 ETP	-1.4%	300,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 25 ended

Active mandates

Christophe Schellens

Director · since 17 novembre 2025 · until 02 mai 2028

Active

Morrissey Barry

Managing director · since 25 novembre 2024 · until 03 mai 2027

Active

David Germis

Chairman of the board of directors · since 02 mai 2023 · until 04 mai 2026

Active

Ended mandates

Istvan Lagaert

Managing director · since 02 mai 2023 · until 04 mai 2026

Ended

Wim Vlekken

Director · since 02 mai 2023 · until 04 mai 2026

Ended

Wim Vlekken

Director · since 06 mai 2019 · until 10 mai 2023

Ended

David Germis

Chairman of the board of directors · since 07 mai 2018 · until 10 mai 2023

Ended

At this address

Other companies at this address

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CM - Bridgefestival● Active	0430.177.281
DE JOKERS● Active	0474.370.481
Medimundi● Active	0749.994.102
SOCIAAL FONDS CARTA MUNDI● Active	0474.593.779

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	01/06/2026	03/06/2025	29/05/2024	16/05/2023	24/05/2022	02/06/2021
General meeting	04/05/2026	05/05/2025	06/05/2024	02/05/2023	02/05/2022	03/05/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	04/05/2026	01/06/2026	Dutch	PDF
Full model	31/12/2024	05/05/2025	03/06/2025	Dutch	PDF
Full model	31/12/2023	06/05/2024	29/05/2024	Dutch	PDF
Full model	31/12/2022	02/05/2023	16/05/2023	Dutch	PDF
Full model	31/12/2021	02/05/2022	24/05/2022	Dutch	PDF
Full model	31/12/2020	03/05/2021	02/06/2021	Dutch	PDF
Full model	31/12/2019	04/05/2020	03/06/2020	Dutch	PDF
Full model	31/12/2018	06/05/2019	28/05/2019	Dutch	PDF
Full model	31/12/2017	07/05/2018	25/05/2018	Dutch	PDF
Full model	31/12/2016	02/05/2017	30/05/2017	Dutch	PDF
Full model	31/12/2015	03/05/2016	01/06/2016	Dutch	PDF
Full model	31/12/2014	04/05/2015	03/06/2015	Dutch	PDF
Full model	31/12/2013	05/05/2014	04/06/2014	Dutch	PDF
Full model	31/12/2012	06/05/2013	05/06/2013	Dutch	PDF
Full model	31/12/2011	07/05/2012	05/06/2012	Dutch	PDF
Full model	31/12/2010	02/05/2011	01/06/2011	Dutch	PDF
Full model	31/12/2009	03/05/2010	03/06/2010	Dutch	PDF
Full model	31/12/2008	04/05/2009	02/06/2009	Dutch	PDF
Full model	31/12/2007	05/05/2008	03/06/2008	Dutch	PDF
Full model	31/12/2006	07/05/2007	29/05/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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 · 25 ended

Active mandates

Christophe Schellens

Director · since 17 novembre 2025 · until 02 mai 2028

Active

Morrissey Barry

Managing director · since 25 novembre 2024 · until 03 mai 2027

Active

David Germis

Chairman of the board of directors · since 02 mai 2023 · until 04 mai 2026

Active

Ended mandates

Istvan Lagaert

Managing director · since 02 mai 2023 · until 04 mai 2026

Ended

Wim Vlekken

Director · since 02 mai 2023 · until 04 mai 2026

Ended

Wim Vlekken

Director · since 06 mai 2019 · until 10 mai 2023

Ended

David Germis

Chairman of the board of directors · since 07 mai 2018 · until 10 mai 2023

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/12/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/01/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/06/2024
ONTSLAGEN - BENOEMINGEN
PDF
Other17/07/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates21/06/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/06/2021
ONTSLAGEN - BENOEMINGEN
PDF
Other26/09/2019
DIVERSEN
PDF
Mandates26/07/2019
ONTSLAGEN - BENOEMINGEN
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 202519,4 M €↑
17/11/2025
nominationChristophe Scheliens — bestuurder
2024
Annual accounts 202419,1 M €↑
25/11/2024
nominationBarry Morrissey — bestuurder
06/05/2024
reconductionTinneke Baeyens — commissaris-revisor
2023
Annual accounts 20238,4 M €↑
02/05/2023
reconductionIstvan Lagaert — bestuurder
02/05/2023
reconductionDavid Germis — bestuurder
02/05/2023
reconductionWim Vlekken — bestuurder
2022
Annual accounts 20223,7 M €↓
2021
Annual accounts 20218,2 M €↑
2020
Annual accounts 20204,1 M €↓
2019
Annual accounts 20196,8 M €↑
2018
Annual accounts 20183,4 M €↑
2017
Annual accounts 2017882,2 k €↑
2016
Annual accounts 2016756,6 k €↑
2015
Annual accounts 2015518,9 k €↑
2014
Annual accounts 2014228,4 k €↓
2010
Annual accounts 20101 M €↓
2009
Annual accounts 20091,8 M €↑
2007
Annual accounts 20071,7 M €↑
2006
Annual accounts 2006822,1 k €
29/11/2005
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

Cartamundi Turnhout

Overview

What does Cartamundi Turnhout do?

Trend over 16 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