ACTIVE

CPB

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Financial year 2025 · closed on 31/12/2025

Net result

300,5 k €

+14.1% YoY

Gross margin

1,1 M €

+13.9% YoY

Equity

1,7 M €

+21.1% YoY

Workforce

8,1 ETP

+6.6% YoY

What does CPB do?

CPB is a Public limited company incorporated in 2007. Its main activity is: Manufacture of articles of paper and paperboard. Its registered office is in Amel. It employs on average 8,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0893.340.207

Incorporation

23/10/2007

Legal form

Public limited company

Registered office

Schoppen,Außenborner Weg 1
4770 Amel · WallonieSee on map

Contributed capital

100 000,00 €

Latest accounts

31/12/2025

Average workforce

8,1 ETP

Activities (NACE)

17250Manufacture of articles of paper and paperboard· main 17290Manufacture of other articles of paper and paperboard 23990Manufacture of other non-metallic mineral products n.e.c.23990Manufacture of other non-metallic mineral products n.e.c.26820Manufacture of magnetic and optical media

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	1,1 M €	+13.9%	984,6 k €	-22.1%	1,3 M €	+30.7%	967,2 k €	+36.8%	707,1 k €	-42.8%	1,2 M €	+67.9%	736,4 k €	-19.6%	916 k €	-21.0%	1,2 M €	+27.1%	912,5 k €	-5.9%	969,4 k €	-2.6%	994,9 k €	-9.2%	1,1 M €	+36.1%	805,1 k €	+7.3%	750 k €	-37.6%	1,2 M €	+56.6%	767,6 k €
EBITDA	609,8 k €	+20.9%	504,2 k €	-39.6%	835,3 k €	+55.9%	535,7 k €	+74.8%	306,5 k €	-63.3%	835,7 k €	+159%	322,8 k €	-48.3%	624,1 k €	-5.8%	662,7 k €	+25.4%	528,7 k €	-7.2%	569,6 k €	+21.5%	468,9 k €	-25.8%	632,3 k €	+51.3%	417,8 k €	-2.0%	426,5 k €	-54.6%	940,2 k €	+73.2%	542,7 k €
Operating result	391,7 k €	+24.5%	314,5 k €	-57.7%	743,7 k €	+91.8%	387,7 k €	+105%	188,7 k €	-74.3%	733,3 k €	+241%	215,4 k €	-51.3%	441,8 k €	-10.2%	491,9 k €	+30.8%	376,1 k €	+8.5%	346,7 k €	+38.9%	249,6 k €	-39.0%	409,4 k €	+122%	184,6 k €	+7.0%	172,5 k €	-75.7%	709,4 k €	+607%	100,3 k €
Net result	300,5 k €	+14.1%	263,3 k €	-51.2%	539,7 k €	+54.7%	348,9 k €	+96.3%	177,7 k €	-72.4%	643,2 k €	+283%	168,1 k €	-44.2%	301,3 k €	-9.5%	333,1 k €	+27.8%	260,6 k €	-53.9%	564,7 k €	+206%	184,4 k €	-33.9%	279 k €	+136%	118 k €	-24.4%	156,1 k €	-63.5%	427,1 k €	+13623%	3,1 k €
Balance sheet
Equity	1,7 M €	+21.1%	1,4 M €	+18.7%	1,2 M €	+25.3%	941,4 k €	+58.5%	594,1 k €	-69.0%	1,9 M €	-15.7%	2,3 M €	+7.9%	2,1 M €	-4.6%	2,2 M €	+17.5%	1,9 M €	+2.0%	1,8 M €	+42.6%	1,3 M €	+15.3%	1,1 M €	+30.9%	857,6 k €	+13.9%	753,3 k €	+42.1%	530,2 k €	+414%	103,1 k €
Total assets	2,5 M €	+14.2%	2,2 M €	-12.8%	2,5 M €	-23.6%	3,3 M €	+0.3%	3,3 M €	-15.3%	3,9 M €	+16.8%	3,3 M €	-12.8%	3,8 M €	+16.1%	3,3 M €	+19.7%	2,7 M €	+6.1%	2,6 M €	+0.9%	2,5 M €	-8.1%	2,8 M €	-5.5%	2,9 M €	+1.4%	2,9 M €	+0.9%	2,9 M €	+50.7%	1,9 M €
Cash	272,6 k €	+38.8%	196,3 k €	-59.0%	478,4 k €	-63.8%	1,3 M €	+178%	476,3 k €	-67.8%	1,5 M €	+93.2%	766,4 k €	-52.0%	1,6 M €	+34.1%	1,2 M €	+71.8%	693,7 k €	+78.4%	388,8 k €	+40.7%	276,4 k €	-63.0%	746,6 k €	+21.5%	614,6 k €	+23.5%	497,6 k €	-46.6%	931,1 k €	+207%	302,9 k €
Debts	788,6 k €	+2.1%	772,7 k €	-41.1%	1,3 M €	-43.8%	2,3 M €	-12.6%	2,7 M €	+37.9%	1,9 M €	+88.9%	1 M €	-38.6%	1,7 M €	+72.2%	969,5 k €	+43.5%	675,4 k €	+17.3%	576 k €	-48.3%	1,1 M €	-28.6%	1,6 M €	-24.4%	2,1 M €	-3.3%	2,1 M €	-7.8%	2,3 M €	+37.2%	1,7 M €
Other
Workforce	8,1 ETP	+6.6%	7,6 ETP	-5.0%	8,0 ETP	-5.9%	8,5 ETP	0.0%	8,5 ETP	+9.0%	7,8 ETP	+9.9%	7,1 ETP	0.0%	7,1 ETP	-4.1%	7,4 ETP	+4.2%	7,1 ETP	-11.3%	8,0 ETP	-14.0%	9,3 ETP	-6.1%	9,9 ETP	+23.8%	8,0 ETP	+14.3%	7,0 ETP	+12.9%	6,2 ETP	+17.0%	5,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 10 ended

Active mandates

ANTON SPITALER

Managing director · since 13 mars 2023 · until 27 juin 2031

Active

Heiko Seibert

Director · since 13 mars 2023 · until 27 juin 2031

Active

Ended mandates

ANTON SPITALER

Managing director · since 13 mars 2023 · until 31 mai 2025

Ended

Heiko Seibert

Director · since 13 mars 2023 · until 31 mai 2025

Ended

ANTON SPITALER

Director · since 29 octobre 2007 · until 30 juin 2019

Ended

ANTON SPITALER

Director · since 29 octobre 2007 · until 24 novembre 2019

Ended

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	27/07/2026	28/07/2025	26/07/2024	07/08/2023	29/08/2022	30/07/2021
General meeting	26/06/2026	27/06/2025	25/05/2024	27/05/2023	28/05/2022	29/05/2021
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

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	26/06/2026	27/07/2026	German	PDF
Abridged model	31/12/2024	27/06/2025	28/07/2025	German	PDF
Abridged model	31/12/2023	25/05/2024	26/07/2024	German	PDF
Abridged model	31/12/2022	27/05/2023	07/08/2023	German	PDF
Abridged model	31/12/2021	28/05/2022	29/08/2022	German	PDF
Abridged model	31/12/2020	29/05/2021	30/07/2021	German	PDF
Abridged model	31/12/2019	30/05/2020	31/07/2020	German	PDF
Abridged model	31/12/2018	25/05/2019	12/08/2019	German	PDF
Abridged model	31/12/2017	26/05/2018	25/07/2018	German	PDF
Abridged model	30/06/2016	26/11/2016	30/11/2016	German	PDF
Abridged model	30/06/2015	28/11/2015	09/12/2015	German	PDF
Abridged model	30/06/2014	29/11/2014	12/12/2014	German	PDF
Abridged model	30/06/2013	30/11/2013	06/12/2013	German	PDF
Abridged model	30/06/2012	24/11/2012	27/11/2012	German	PDF
Abridged model	30/06/2011	26/11/2011	02/12/2011	German	PDF
Abridged model	30/06/2010	27/11/2010	01/12/2010	German	PDF
Abridged model	30/06/2009	28/11/2009	08/12/2009	German	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 · 2 active · 10 ended

Active mandates

ANTON SPITALER

Managing director · since 13 mars 2023 · until 27 juin 2031

Active

Heiko Seibert

Director · since 13 mars 2023 · until 27 juin 2031

Active

Ended mandates

ANTON SPITALER

Managing director · since 13 mars 2023 · until 31 mai 2025

Ended

Heiko Seibert

Director · since 13 mars 2023 · until 31 mai 2025

Ended

ANTON SPITALER

Director · since 29 octobre 2007 · until 30 juin 2019

Ended

ANTON SPITALER

Director · since 29 octobre 2007 · until 24 novembre 2019

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates30/10/2025
ENTLASSUNG - ERNENNUNG
PDF
Mandates22/01/2024
ENTLASSUNG - ERNENNUNG - GENERALVERSAMMLUNG - SATZUNGEN (UEBERSETZUNG, KOORDINATION, ANDERE AENDERUNGEN, )
PDF
Mandates31/03/2023
ENTLASSUNG - ERNENNUNG
PDF
Mandates25/11/2022
ENTLASSUNG - ERNENNUNG
PDF
Mandates19/04/2021
ENTLASSUNG - ERNENNUNG
PDF
Other28/07/2017
GENERALVERSAMMLUNG - GESCHAEFTSJAHR
PDF
Mandates20/12/2013
ENTLASSUNG - ERNENNUNG
PDF
Registered office29/03/2011
GESELLSCHAFTSSITZ
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 2025300,5 k €↑
2024
Annual accounts 2024263,3 k €↓
2023
Annual accounts 2023539,7 k €↑
2022
Annual accounts 2022348,9 k €↑
2021
Annual accounts 2021177,7 k €↓
2020
Annual accounts 2020643,2 k €↑
2019
Annual accounts 2019168,1 k €↓
2018
Annual accounts 2018301,3 k €↓
2017
Annual accounts 2017333,1 k €↑
2016
Annual accounts 2016260,6 k €↓
2015
Annual accounts 2015564,7 k €↑
2014
Annual accounts 2014184,4 k €↓
2013
Annual accounts 2013279 k €↑
2012
Annual accounts 2012118 k €↓
2011
Annual accounts 2011156,1 k €↓
2010
Annual accounts 2010427,1 k €↑
2009
Annual accounts 20093,1 k €
23/10/2007
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

CPB

Overview

What does CPB do?

Trend over 17 financial years

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