ACTIVE

EURODIVIDERS

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Financial year 2025 · Closed on 31/12/2025

Net result2,2 M €-14,7 %over 1 year

Gross margin5,1 M €-11,0 %over 1 year

Equity6 M €+59,2 %over 1 year

Workforce30,1 ETP-3,8 %over 1 year

Identity

Source · BCE/KBO

EURODIVIDERS is a Public limited company incorporated in 2006. Its main activity is: Manufacture of corrugated paper and paperboard and of containers of paper and paperboard. Its registered office is in Bernissart. It employs on average 30,1 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0885.212.694
Incorporation: 23/11/2006
Legal form: Public limited company
Registered office: Rue de l'Industrie(HAR) 16
7321 Bernissart · WallonieSee on map
Contributed capital: 61 500,00 €
Latest accounts: 31/12/2025
Average workforce: 30,1 ETP

Activities (NACE)

17210Manufacture of corrugated paper and paperboard and of containers of paper and paperboard· main 17210Manufacture of corrugated paper and paperboard and of containers of paper and paperboard 21210Manufacture of pharmaceutical preparations

Joint committees (4)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 19 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	5,1 M €	-11.0%	5,7 M €	+114%	2,7 M €	+7.6%	2,5 M €	+28.7%	1,9 M €
EBITDA	3,3 M €	-16.2%	3,9 M €	+314%	936,4 k €	+40.4%	666,7 k €	+66.3%	400,8 k €
Operating result	3 M €	-16.6%	3,6 M €	+486%	607,2 k €	+50.3%	404 k €	+296%	101,9 k €
Net result	2,2 M €	-14.7%	2,6 M €	+473%	453,1 k €	+50.1%	301,8 k €	+238%	89,2 k €
Balance sheet
Equity	6 M €	+59.2%	3,7 M €	+227%	1,1 M €	+65.5%	691,9 k €	+73.9%	397,9 k €
Total assets	7,8 M €	+4.3%	7,5 M €	+39.7%	5,4 M €	-4.4%	5,6 M €	+26.5%	4,4 M €
Cash	774,3 k €	-48.2%	1,5 M €	+134%	639,8 k €	-34.2%	972,8 k €	+50.2%	647,8 k €
Debts	1,9 M €	-50.0%	3,8 M €	-10.8%	4,2 M €	-14.2%	4,9 M €	+21.9%	4,1 M €
Other
Workforce	30,1 ETP	-3.8%	31,3 ETP	-4.9%	32,9 ETP	-4.4%	34,4 ETP	+17.0%	29,4 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

2 active · 7 ended

Active mandates

Internationnal Group Estic Maillot S.A.S.

Director · since 21 juin 2023 · until 16 juin 2028

Represented by Xavier ESTIC

Active

Xavier ESTIC

Managing director · since 21 juin 2023 · until 16 juin 2028

Active

Ended mandates

Internationnal Group Estic Maillot S.A.S.

Director · since 02 janvier 2018 · until 16 juin 2023

Represented by Xavier ESTIC

Ended

Xavier ESTIC

Managing director · since 02 janvier 2018 · until 16 juin 2023

Ended

H.E.M.S.

Director · since 15 juin 2012 · until 15 juin 2018

Represented by Jacques ESTIC

Ended

H.E.M.S. S.A.S.

Director · since 15 juin 2012 · until 15 juin 2018

Represented by Jacques ESTIC

Ended

Full financial information

Source · NBB

	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	24/07/2026	17/09/2025	23/09/2024	28/07/2023	29/08/2022	15/09/2021
General meeting	19/06/2026	20/06/2025	21/06/2024	16/06/2023	17/06/2022	18/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 19 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	19/06/2026	24/07/2026	French	PDF
Abridged model	31/12/2024	20/06/2025	17/09/2025	French	PDF
Abridged model	31/12/2023	21/06/2024	23/09/2024	French	PDF
Abridged model	31/12/2022	16/06/2023	28/07/2023	French	PDF
Abridged model	31/12/2021	17/06/2022	29/08/2022	French	PDF
Abridged model	31/12/2020	18/06/2021	15/09/2021	French	PDF
Abridged model	31/12/2019	19/06/2020	07/08/2020	French	PDF
Abridged model	31/12/2018	21/06/2019	13/08/2019	French	PDF
Abridged model	31/12/2017	15/06/2018	29/08/2018	French	PDF
Abridged model	31/12/2016	16/06/2017	26/08/2017	French	PDF
Abridged model	31/12/2015	17/06/2016	09/08/2016	French	PDF
Abridged model	31/12/2014	19/06/2015	31/08/2015	French	PDF
Abridged model	31/12/2013	20/06/2014	29/08/2014	French	PDF
Abridged model	31/12/2012	21/06/2013	16/07/2013	French	PDF
Abridged model	31/12/2011	15/06/2012	21/07/2012	French	PDF
Abridged model	31/12/2010	17/06/2011	11/07/2011	French	PDF
Abridged model	31/12/2009	18/06/2010	25/07/2010	French	PDF
Abridged model	31/12/2008	19/06/2009	12/05/2010	French	PDF
Abridged model	31/12/2007	20/06/2008	23/06/2008	French	PDF

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

2 active · 7 ended

Active mandates

Internationnal Group Estic Maillot S.A.S.

Director · since 21 juin 2023 · until 16 juin 2028

Represented by Xavier ESTIC

Active

Xavier ESTIC

Managing director · since 21 juin 2023 · until 16 juin 2028

Active

Ended mandates

Internationnal Group Estic Maillot S.A.S.

Director · since 02 janvier 2018 · until 16 juin 2023

Represented by Xavier ESTIC

Ended

Xavier ESTIC

Managing director · since 02 janvier 2018 · until 16 juin 2023

Ended

H.E.M.S.

Director · since 15 juin 2012 · until 15 juin 2018

Represented by Jacques ESTIC

Ended

H.E.M.S. S.A.S.

Director · since 15 juin 2012 · until 15 juin 2018

Represented by Jacques ESTIC

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates14/02/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates21/08/2012
DEMISSIONS, NOMINATIONS
PDF
Registered office20/05/2008
SIEGE SOCIAL
PDF
Mandates15/10/2007
DENOMINATION - OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - ASSEMBLEE GENERALE - CAPITAL, ACTIONS
PDF
Other04/12/2006
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
PDF

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

See the Business plan

Timeline

2025
Annual accounts 20252,2 M €↓
2024
Annual accounts 20242,6 M €↑
2023
Annual accounts 2023453,1 k €↑
2022
Annual accounts 2022301,8 k €↑
2021
Annual accounts 202189,2 k €↑
2020
Annual accounts 202061 k €↓
2019
Annual accounts 2019142 k €↑
2018
Annual accounts 2018108,6 k €↑
2017
Annual accounts 201712,4 k €↑
2016
Annual accounts 20167 k €↑
2015
Annual accounts 20155,9 k €↓
2014
Annual accounts 20146,3 k €↓
2013
Annual accounts 201337,5 k €↓
2012
Annual accounts 2012136,3 k €↑
2011
Annual accounts 2011116 k €↑
2010
Annual accounts 201034,3 k €↑
2009
Annual accounts 200910,6 k €↑
2008
Annual accounts 2008-343,4 k €↓
2007
Annual accounts 2007-94,9 k €
23/11/2006
IncorporationPublic limited company

EURODIVIDERS

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

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

Timeline