MONDI POPERINGE
ActiveMONDI POPERINGE has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €15.82M and a net result of €2.31M. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 35% of 79 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
60
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability70▼-5
Solvency60▼-3
Growth36=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €900k at 30 days acceptable
Liquidity short (current ratio 0.95 against 0.99 in 2023; short-term debt: 62.2% and cash: 0.1% of total assets), and 65.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 17
Relative position
BE, all sectors
reference
Sector 17
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
34.8%
Return on assets
5.1%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-06-2025, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
43 d early
2023
49 d early
2022
42 d early
2021
51 d early
2020
51 d early
2019
49 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€77.61M▲ 2.3%
2023 · €75.84M
2018: €65.37M
2019: €59.95M
2020: €60.10M
2021: €62.92M
2022: €79.42M
2023: €75.84M
2018 → 2024
EBIT margin
5.6%▼ 1.8pp
2023 · 7.5%
2018: 8.0%
2019: 10.6%
2020: 10.2%
2021: 6.3%
2022: 6.9%
2023: 7.5%
2018 → 2024
Net result
€2.31M▼ 37.5%
2023 · €3.70M
2018: €3.92M
2019: €4.27M
2020: €4.43M
2021: €2.67M
2022: €3.93M
2023: €3.70M
2018 → 2024
Working capital
€-1.45M▼ 561%
2023 · €-219k
2018: €9.37M
2019: €12.60M
2020: €2.48M
2021: €4.13M
2022: €2.37M
2023: €-219k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€60.10M-€62.92M▲ 4.7%€79.42M▲ 26.2%€75.84M▼ 4.5%€77.61M▲ 2.3%
Equity€15.81M-€15.78M▼ 0.2%€15.90M▲ 0.8%€15.81M▼ 0.6%€15.82M▲ 0.1%
Operating result€6.14M-€3.99M▼ 35.0%€5.45M▲ 36.5%€5.67M▲ 4.2%€4.38M▼ 22.8%
Net result€4.43M-€2.67M▼ 39.8%€3.93M▲ 47.1%€3.70M▼ 5.7%€2.31M▼ 37.5%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 23% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €45.41M
Fixed assets
€18.61M▲ 8.4%
Current assets
€26.80M▲ 11.9%
Equity and liabilities €45.41M
Equity
€15.82M▲ 0.1%
Provisions
€10k▲ 3.8%
Debt
€29.58M▲ 16.9%
The debt ratio rises from 61.5% to 65.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€7.74M▼
2023 · €8.35M
Cash flow
€5.68M▼
2023 · €6.38M
Solvency
34.8%▼
2023 · 38.4%
Current ratio
0.95▼
2023 · 0.99
Quick ratio
0.53▼
2023 · 0.56
Debt / equity
1.87▲
2023 · 1.60
ROE
14.6%▼
2023 · 23.4%
ROA
5.1%▼
2023 · 9.0%
Interest coverage
23.59▼
2023 · 24.29
Debt
€29.58M▲
2023 · €25.30M
Debt ≤ 1 year
€28.25M▲
2023 · €24.16M
Income taxes
€1.56M▲
2023 · €1.45M
Staff costs
€12.05M▲
2023 · €10.16M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€41.12M€45.41M▲
Fixed assets21/28€17.18M€18.61M▲
Intangible fixed assets21€23k€1.07M▲
Tangible fixed assets22/27€17.13M€17.53M▲
Land and buildings22€8.90M€9.42M▲
Plant, machinery and equipment23€6.77M€6.31M▼
Furniture and vehicles24€558k€605k▲
Assets under construction and advance payments27€906k€1.19M▲
Financial fixed assets28€20k€21k▲
Other financial fixed assets284/8€20k€21k▲
Amounts receivable and cash guarantees285/8€20k€21k▲
Current assets29/58€23.94M€26.80M▲
Stocks and contracts in progress3€10.43M€11.82M▲
Stocks30/36€10.43M€11.82M▲
Raw materials and consumables30/31€4.14M€4.96M▲
Work in progress32€863k€1.34M▲
Finished goods33€5.41M€5.44M▲
Goods purchased for resale34€8k€81k▲
Amounts receivable within one year40/41€13.46M€14.92M▲
Trade receivables40€13.24M€14.42M▲
Other amounts receivable41€225k€496k▲
Cash at bank and in hand54/58€53k€64k▲
Deferred charges and accrued income490/1€3k€0▼
Equity and liabilities
Total equity and liabilities10/49€41.12M€45.41M▲
Equity10/15€15.81M€15.82M▲
Contributions10/11€14.17M€14.17M=
Capital10€5.94M€5.94M=
Issued capital100€5.94M€5.94M=
Outside capital11€8.23M€8.23M=
Share premium1100/10€8.23M€8.23M=
Reserves13€1.56M€1.56M=
Non-distributable reserves130/1€803k€803k=
Legal reserve130€594k€594k=
Other1319€209k€209k=
Tax-exempt reserves132€759k€759k=
Profit (loss) carried forward14€77k€91k▲
Provisions and deferred taxes16€10k€10k▲
Provisions for liabilities and charges160/5€10k€10k▲
Pensions and similar obligations160€10k€10k▲
Amounts payable17/49€25.30M€29.58M▲
Amounts payable within one year42/48€24.16M€28.25M▲
Financial debts43€10.77M€9.84M▼
Other loans439€10.77M€9.84M▼
Trade debts44€7.72M€13.29M▲
Suppliers440/4€7.72M€13.29M▲
Taxes, remuneration and social security45€1.83M€2.53M▲
Taxes450/3€92k€420k▲
Remuneration and social security454/9€1.74M€2.11M▲
Other amounts payable47/48€3.85M€2.59M▼
Accrued charges and deferred income492/3€1.14M€1.33M▲
Income statement
Code20232024
Operating income70/76A€79.38M€82.03M▲
Turnover70€75.84M€77.61M▲
Change in stocks of work in progress, finished goods and contracts in progress71€-122k€26k▲
Other operating income74€3.66M€4.40M▲
Operating charges60/66A€73.70M€77.65M▲
Goods for resale, raw materials and consumables60€48.52M€50.29M▲
Purchases600/8€47.14M€51.20M▲
Change in stocks: decrease (increase)609€1.37M€-914k▼
Services and other goods61€11.41M€13.01M▲
Remuneration, social security and pensions62€10.16M€12.05M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2.68M€3.36M▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€824k€-1.17M▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€-12k€366▲
Other operating charges640/8€122k€111k▼
Non-recurring operating charges66A€2k€3k▲
Operating profit (loss)9901€5.67M€4.38M▼
Financial income75/76B€11k€4k▼
Recurring financial income75€11k€4k▼
Other financial income752/9€11k€4k▼
Financial charges65/66B€529k€505k▼
Recurring financial charges65€529k€505k▼
Debt charges650€344k€328k▼
Other financial charges652/9€185k€177k▼
Profit (loss) for the period before taxes9903€5.16M€3.88M▼
Income taxes67/77€1.45M€1.56M▲
Taxes670/3€1.45M€1.56M▲
Profit (loss) for the period9904€3.70M€2.31M▼
Profit (loss) for the period to be appropriated9905€3.70M€2.31M▼
Appropriation of the result
Profit (loss) to be appropriated9906€3.88M€2.39M▼
Profit (loss) brought forward from the previous period14P€174k€77k▼
Profit to be distributed694/7€3.80M€2.30M▼
Return on contributions (dividend)694€3.80M€2.30M▼
Social balance
Average headcount (FTE)9087142.1143.4▲
The notes to these accounts (70 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
11-09
State Gazette act
General meeting · Director resignationGeneral meeting · Director resignation · Director appointment14 facts ▸
State Gazette act
General meeting · Director resignation
General meeting · Director resignation · Director appointment14 facts ▸
- General meeting, 2026-06-05
- Director resignation, Philipp Suppan (bestuurder)
- Director appointment, Bart Devos (bestuurder)
- Director appointment, Peter Hardeman (bestuurder)
- Mandate compensation, Bart Devos
- Mandate compensation, Peter Hardeman
- Board composition, Bestuurder, 2026-07-01
- Board composition, Bestuurder, 2026-07-01
- Board composition, Bestuurder, 2026-07-01
- Auditor reappointment, drie jaar, na de algemene vergadering van aandeelhouders die de jaarrekening per 31 december 2028 goedkeurt
- Permanent representative, Wouter Coppens
- Board meeting, 2026-07-01
- +2 further facts in this act
2025
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €2.31M ▼37.5%
Net result drops to €2.31M, the lowest in the series.
12-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
10-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €4.43M ▲3.9%
Net result €4.43M, the highest in the series.
12-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
14-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
23-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 directors, no change since 2026
Bart DEVOS
CurrentManaging director · since 01-07-2026
Peter Hardeman
CurrentDirector · since 01-07-2026
01-07-2026
Bart DEVOS: Appointed as Managing director
01-07-2026
Bart DEVOS: Appointed as Director
01-07-2026
Peter Hardeman: Appointed as Director
01-07-2026
Philipp Suppan: Resigned as Director
01-07-2025
Charles Humblet: Resigned as Managing director
10-10-2022
Bartholomeus Winthagen: Resigned as Director
07-06-2019
Claudio Fedalto: Resigned as Director
05-06-2019
Franz Hiesinger: Resigned as Director
18-10-2016
Bartholomeus Winthagen: Resigned as Managing director
17-10-2016
Roman Billiani: Resigned as Director
01-01-2015
Patrick Van Orshaegen: Resigned as Director
01-01-2015
Patrick Van Orshaegen: Resigned as Managing director
Location & real-estate footprint
Registered office, Poperinge · 3 establishment units since 1956
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Nijverheidslaan 118970 PoperingeGround area
6.6 ha
Building footprint
3.7 ha
Volume, LiDAR
260,428 m³
3 parcels, Flanders, Wallonia · tallest building 10.8 m, ±3 floors. Linked by address, not a title deed.
3 establishment units
Mondi Poperinge NV
since 19562.006.346.614
MONDI PACKAGING
since 20052.151.061.805
Avenue des Artisans(GHI) 8, 7822 Ath
since 20142.232.380.863
3 parcels
Flanders
1
(33.3%)
Wallonia
2
(66.7%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 51024A0480/00E000 | Wallonia | 4.3 ha | 1 · 2.0 ha | 10.3 m · 3 fl. |
| 33021E0526/00G000 | Flanders | 2.2 ha | 1 · 1.7 ha | 10.8 m · 2 fl. |
| 25105C0082/00D012 | Wallonia | 924 m² | 1 · 145 m² | 10.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Statutory auditor
3 auditors| Pwc BedrijfsrevisorenCurrent Auditor · represented by Wouter Coppens | 05-06-2026 → present |
Show 2 earlier auditors
| BV PwC Bedrijfsrevisoren Statutory auditor · represented by Iise De Baets | - → 30-07-2021 |
| PricewaterhouseCoopers Bedrijfsrevisoren BV Statutory auditor · represented by Bart Van Gompel | - → 01-01-2020 |
Structure & network
Connections & network
5 connected companiesLinked via shared directors
viaBart DEVOS · Director
→
viaBart DEVOS · Director
→
viaBart DEVOS · Director
former→
viaBart DEVOS · Director
former→
Show 1 more companies with a shared director
viaBart DEVOS · Director
former→
Group per the LEI register
1 parent companyParent company:MONDI PLC
Public money · subsidies and aid
Flemish government
2022 to 2025 · 8 entries · 41,774 EUR awarded · 41,774 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 4,553 EUR | 4,553 EUR |
| 2024 | 2 | 9,840 EUR | 10,198 EUR |
| 2023 | 2 | 16,455 EUR | 16,097 EUR |
| 2022 | 2 | 10,926 EUR | 10,926 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Food safety, FASFC
1 sitePoperinge2.006.346.614
Legal Entity Identifier
894500WJEYQ4Y0GNZM88
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Of 125 companies in sector 17120 we hold annual accounts for 92. 41 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL
17120Manufacture of paper and paper products
17210Manufacture of paper and paper products
21121
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.