VPK Paper
ActiveSummary
VPK Paper has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €99.1m and a net result of €18.5m. Equity is growing by ~4% per year across the filed fiscal years. Its solvency ranks better than 65% of 76 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▲+1
Solvency86▲+6
Growth48▲+1
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000,000 at 30 days acceptable
Liquidity short (current ratio 0.65 against 0.71 in 2024; short-term debt: 38.3% of total assets), and 38.8% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
61.2%
Return on assets
11.4%
Age of the figures
9 mo
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
Manufacture of paper and paper products (NACE 17)
about 49% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-06-2026, 52 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
52 d early
2024
51 d early
2023
48 d early
2022
49 d early
2021
47 d early
2020
39 d early
2019
7 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 42 days before the deadline; the sector median for financial year 2024 is 13 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 12 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
In the rankings
#1 company by total assets in Dendermonde, Manufacturing sector#1 company by equity in Dendermonde, Manufacturing sector#2 employer in Dendermonde, Manufacturing sector
Turnover
€222.8m▲ 5.7%
2024 · €210.8m
EBIT margin
8.6%▲ 3.0pp
2024 · 5.6%
Net result
€18.5m▼ 29.2%
2024 · €26.2m
Working capital
-€21.9m▲ 5.3%
2024 · -€23.1m
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 17, Manufacture of paper and paper products, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€243.8m▲ 56.8%€305.1m▲ 25.1%€194.1m▼ 36.4%€210.8m▲ 8.6%€222.8m▲ 5.7%
Operating result€45.8m▲ 59.0%€51.5m▲ 12.4%€13.3m▼ 74.1%€11.9m▼ 11.0%€19.3m▲ 62.6%
Net result€37.7mabove the sector's middle half▲ 66.7%€23.5mabove the sector's middle half▼ 37.6%€5.0mabove the sector's middle half▼ 78.6%€26.2mabove the sector's middle half▲ 422%€18.5mabove the sector's middle half▼ 29.2%
EBIT margin18.8%▲ 0.3pp16.9%▼ 1.9pp6.9%▼ 10.0pp5.6%▼ 1.2pp8.6%▲ 3.0pp
Equity€99.9mabove the sector's middle half▲ 8.3%€103.4mabove the sector's middle half▲ 3.5%€108.4mabove the sector's middle half▲ 4.9%€95.6mabove the sector's middle half▼ 11.8%€99.1mabove the sector's middle half▲ 3.7%
Total assets€187.8mabove the sector's middle half▲ 23.1%€172.0mabove the sector's middle half▼ 8.4%€151.3mabove the sector's middle half▼ 12.0%€175.1mabove the sector's middle half▲ 15.7%€162.1mabove the sector's middle half▼ 7.4%
Debt€87.6m▲ 47.3%€68.5m▼ 21.8%€42.8m▼ 37.6%€79.4m▲ 85.7%€62.8m▼ 20.9%
Working capital-€26.0mbelow the sector's middle half▲ 33.3%-€16.8mbelow the sector's middle half▲ 35.2%-€2.6mbelow the sector's middle half▲ 84.3%-€23.1mbelow the sector's middle half▼ 778%-€21.9mbelow the sector's middle half▲ 5.3%
Solvency53.2%within the sector's middle half▼ 7.2pp60.1%within the sector's middle half▲ 6.9pp71.6%above the sector's middle half▲ 11.5pp54.6%within the sector's middle half▼ 17.1pp61.2%within the sector's middle half▲ 6.6pp
Current ratio0.67below the sector's middle half▲ 0.370.75below the sector's middle half▲ 0.080.93below the sector's middle half▲ 0.180.71below the sector's middle half▼ 0.230.65below the sector's middle half▼ 0.06
Return on assets (ROA)20.1%above the sector's middle half▲ 5.3pp13.7%above the sector's middle half▼ 6.4pp3.3%within the sector's middle half▼ 10.3pp15.0%above the sector's middle half▲ 11.6pp11.4%above the sector's middle half▼ 3.5pp
Staff (FTE)274.4above the sector's middle half▲ 0.3%270above the sector's middle half▼ 1.6%282.2above the sector's middle half▲ 4.5%283.3above the sector's middle half▲ 0.4%292.2above the sector's middle half▲ 3.1%
above
within
below
the middle half (P25 to P75) of NACE 17, Manufacture of paper and paper products, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 63% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €162.1m
Fixed assets
€121.9m ▲ 2.0%
Current assets
€40.2m ▼ 27.7%
Equity and liabilities €162.1m
Equity
€99.1m ▲ 3.7%
Provisions
€123,499 ▲ 32.8%
Debt
€62.8m ▼ 20.9%
Debt's share of the balance-sheet total falls from 45.4% to 38.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€25.5m▲
2024 · €18.1m
Cash flow
€24.8m▼
2024 · €32.4m
Quick ratio
0.50▼
2024 · 0.57
Debt to equity
0.63▼
2024 · 0.83
ROE
18.7%▼
2024 · 27.4%
Interest coverage
86.70▲
2024 · 61.44
Debt ≤ 1 year
€62.1m▼
2024 · €78.7m
Income taxes
€3.4m▲
2024 · €1.9m
Staff costs
€24.7m▲
2024 · €23.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 321 companies that looked in July 2024 the way this one looks now, 0% went bankrupt within 24 months and 98% are still going.
- Large
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0%
went bankrupt
2.5%
stopped otherwise
98%
still going
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 321 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €261.3m | €322.8m | €218.3m | €230.2m | €239.6m | ▲ 4.1% |
| Turnover70 | €243.8m | €305.1m | €194.1m | €210.8m | €222.8m | ▲ 5.7% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | €4.2m | -€1.4m | €480,009 | €1.1m | -€1.9m | ▼ 268% |
| Other operating income74 | €13.2m | €19.2m | €23.7m | €18.3m | €18.7m | ▲ 2.1% |
| Operating charges60/66A | €215.4m | €271.3m | €205.0m | €218.4m | €220.3m | ▲ 0.9% |
| Goods for resale, raw materials and consumables60 | €115.8m | €123.0m | €88.4m | €99.7m | €97.8m | ▼ 1.9% |
| Purchases600/8 | €116.6m | €123.1m | €87.9m | €100.1m | €98.0m | ▼ 2.1% |
| Change in stocks: decrease (increase)609 | -€850,049 | -€112,509 | €542,678 | -€387,629 | -€143,172 | ▲ 63.1% |
| Services and other goods61 | €69.6m | €113.1m | €83.4m | €84.1m | €82.4m | ▼ 2.1% |
| Remuneration, social security and pensions62 | €19.4m | €20.7m | €23.4m | €23.1m | €24.7m | ▲ 7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8.2m | €8.1m | €6.9m | €6.2m | €6.2m | ▲ 0.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€1,287 | €45,229 | €40,281 | -€71,350 | -€81,702 | ▼ 14.5% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | -€591,095 | -€129,350 | €18,798 | -€49,196 | €30,955 | ▲ 163% |
| Other operating charges640/8 | €3.0m | €6.5m | €2.8m | €5.3m | €9.1m | ▲ 72.3% |
| Non-recurring operating charges66A | - | - | €24,671 | - | €69,228 | - |
| Operating profit (loss)9901 | €45.8m | €51.5m | €13.3m | €11.9m | €19.3m | ▲ 62.6% |
| Financial income75/76B | €11.0m | €1.4m | €4.2m | €21.8m | €11.6m | ▼ 46.7% |
| Recurring financial income75 | €11.0m | €1.4m | €4.2m | €21.8m | €11.6m | ▼ 46.7% |
| Income from financial fixed assets750 | €10.4m | €999,721 | €3.5m | €21.2m | €11.2m | ▼ 47.1% |
| Income from current assets751 | - | €14,630 | €100,560 | €90,019 | €18,318 | ▼ 79.7% |
| Other financial income752/9 | €571,711 | €428,305 | €562,670 | €424,457 | €337,189 | ▼ 20.6% |
| Non-recurring financial income76B | €3,639 | €7,206 | €13,728 | €3,890 | €7,975 | ▲ 105% |
| Financial charges65/66B | €8.9m | €18.2m | €10.2m | €5.6m | €9.0m | ▲ 61.5% |
| Recurring financial charges65 | €5.8m | €7.9m | €5.2m | €5.6m | €6.0m | ▲ 7.5% |
| Debt charges650 | €97,811 | €86,870 | €205,344 | €294,427 | €294,340 | = |
| Other financial charges652/9 | €5.7m | €7.8m | €5.0m | €5.3m | €5.7m | ▲ 8.0% |
| Non-recurring financial charges66B | €3.1m | €10.3m | €5.1m | €400 | €3.0m | ▲ 749,900% |
| Profit (loss) for the period before taxes9903 | €48.0m | €34.7m | €7.3m | €28.1m | €21.9m | ▼ 21.9% |
| Transfer from deferred taxes780 | €3,842 | €3,842 | €3,842 | €1,695 | €454 | ▼ 73.2% |
| Income taxes67/77 | €10.3m | €11.2m | €2.3m | €1.9m | €3.4m | ▲ 79.4% |
| Taxes670/3 | €10.3m | €11.2m | €2.3m | €1.9m | €3.5m | ▲ 82.7% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | €62,020 | - |
| Profit (loss) for the period9904 | €37.7m | €23.5m | €5.0m | €26.2m | €18.5m | ▼ 29.2% |
| Transfer from tax-exempt reserves789 | €24,439 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €37.7m | €23.5m | €5.0m | €26.2m | €18.5m | ▼ 29.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €187.8m | €172.0m | €151.3m | €175.1m | €162.1m | ▼ 7.4% |
| Fixed assets21/28 | €134.1m | €121.3m | €114.1m | €119.5m | €121.9m | ▲ 2.0% |
| Intangible fixed assets21 | €379,994 | €341,323 | €356,750 | €806,332 | €614,636 | ▼ 23.8% |
| Tangible fixed assets22/27 | €47.4m | €42.4m | €40.2m | €41.6m | €44.2m | ▲ 6.2% |
| Land and buildings22 | €12.8m | €12.0m | €11.9m | €12.1m | €12.6m | ▲ 4.8% |
| Plant, machinery and equipment23 | €29.7m | €28.4m | €26.3m | €26.2m | €29.0m | ▲ 10.6% |
| Furniture and vehicles24 | €676,444 | €836,965 | €1.3m | €1.6m | €1.7m | ▲ 1.5% |
| Assets under construction and advance payments27 | €4.2m | €1.2m | €807,487 | €1.7m | €897,935 | ▼ 47.8% |
| Financial fixed assets28 | €86.3m | €78.6m | €73.6m | €77.1m | €77.1m | = |
| Affiliated companies280/1 | €86.3m | €78.6m | €73.6m | €77.1m | €77.1m | = |
| Participating interests280 | €86.3m | €78.6m | €73.6m | €77.1m | €77.1m | = |
| Current assets29/58 | €53.7m | €50.7m | €37.2m | €55.6m | €40.2m | ▼ 27.7% |
| Stocks and contracts in progress3 | €10.7m | €9.3m | €9.2m | €10.8m | €9.1m | ▼ 16.0% |
| Stocks30/36 | €10.7m | €9.3m | €9.2m | €10.8m | €9.1m | ▼ 16.0% |
| Raw materials and consumables30/31 | €3.5m | €3.6m | €3.2m | €3.6m | €3.7m | ▲ 2.3% |
| Work in progress32 | €111,327 | €139,237 | €209,902 | €105,421 | €134,440 | ▲ 27.5% |
| Finished goods33 | €7.1m | €5.6m | €5.8m | €7.1m | €5.2m | ▼ 26.0% |
| Goods purchased for resale34 | €8,880 | €8,880 | €8,880 | €8,880 | €8,880 | = |
| Amounts receivable within one year40/41 | €35.5m | €33.8m | €16.3m | €34.2m | €21.5m | ▼ 37.1% |
| Trade receivables40 | €16.0m | €15.7m | €10.4m | €12.6m | €12.3m | ▼ 1.8% |
| Other amounts receivable41 | €19.5m | €18.1m | €5.9m | €21.6m | €9.2m | ▼ 57.7% |
| Cash at bank and in hand54/58 | €2,882 | €3,876 | - | - | - | - |
| Deferred charges and accrued income490/1 | €7.5m | €7.6m | €11.6m | €10.6m | €9.6m | ▼ 9.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €187.8m | €172.0m | €151.3m | €175.1m | €162.1m | ▼ 7.4% |
| Equity10/15 | €99.9m | €103.4m | €108.4m | €95.6m | €99.1m | ▲ 3.7% |
| Contributions10/11 | €23.9m | €23.9m | €23.9m | €23.9m | €23.9m | = |
| Capital10 | €23.0m | €23.0m | €23.0m | €23.0m | €23.0m | = |
| Issued capital100 | €23.0m | €23.0m | €23.0m | €23.0m | €23.0m | = |
| Outside capital11 | €915,782 | €915,782 | €915,782 | €915,782 | €915,782 | = |
| Share premium1100/10 | €915,782 | €915,782 | €915,782 | €915,782 | €915,782 | = |
| Reserves13 | €2.5m | €2.5m | €2.5m | €2.5m | €2.5m | = |
| Non-distributable reserves130/1 | €2.3m | €2.3m | €2.3m | €2.3m | €2.3m | = |
| Legal reserve130 | €2.3m | €2.3m | €2.3m | €2.3m | €2.3m | = |
| Distributable reserves133 | €167,687 | €167,687 | €167,687 | €167,687 | €167,687 | = |
| Profit (loss) carried forward14 | €73.5m | €77.0m | €82.0m | €69.2m | €72.7m | ▲ 5.1% |
| Provisions and deferred taxes16 | €262,126 | €128,933 | €143,889 | €92,998 | €123,499 | ▲ 32.8% |
| Provisions for liabilities and charges160/5 | €252,169 | €122,819 | €141,617 | €92,421 | €123,376 | ▲ 33.5% |
| Pensions and similar obligations160 | €252,169 | €122,819 | €141,617 | €92,421 | €123,376 | ▲ 33.5% |
| Deferred taxes168 | €9,957 | €6,114 | €2,272 | €577 | €123 | ▼ 78.7% |
| Amounts payable17/49 | €87.6m | €68.5m | €42.8m | €79.4m | €62.8m | ▼ 20.9% |
| Amounts payable within one year42/48 | €79.7m | €67.5m | €39.8m | €78.7m | €62.1m | ▼ 21.1% |
| Trade debts44 | €44.8m | €42.1m | €35.4m | €47.9m | €42.9m | ▼ 10.6% |
| Suppliers440/4 | €44.8m | €42.1m | €35.4m | €47.9m | €42.9m | ▼ 10.6% |
| Taxes, remuneration and social security45 | €5.0m | €5.4m | €4.4m | €4.8m | €4.2m | ▼ 11.2% |
| Taxes450/3 | €2.1m | €2.3m | €704,906 | €1.3m | €1.0m | ▼ 22.9% |
| Remuneration and social security454/9 | €2.9m | €3.2m | €3.7m | €3.5m | €3.2m | ▼ 6.8% |
| Other amounts payable47/48 | €30.0m | €20.0m | - | €26.0m | €15.0m | ▼ 42.3% |
| Accrued charges and deferred income492/3 | €7.9m | €976,572 | €2.9m | €699,737 | €738,840 | ▲ 5.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €37.7m | €23.5m | €5.0m | €26.2m | €18.5m | ▼ 29.2% |
| + Depreciation and write-downs630 | €8.2m | €8.1m | €6.9m | €6.2m | €6.2m | ▲ 0.1% |
| Operating cash flow (approximation) | €45.9m | €31.6m | €11.9m | €32.4m | €24.8m | ▼ 23.6% |
| Investment in fixed assets (approximation) | - | €4.6m | €320,485 | -€11.6m | -€8.6m | ▲ 25.9% |
| Change in cash | - | €994 | - | - | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
20-07
State Gazette act
Reappointment: KPMG Bedrijfsrevisoren BV (statutory auditor)Permanent representative: Filip De Bock3 facts ▸
State Gazette act
Reappointment: KPMG Bedrijfsrevisoren BV (statutory auditor)
Permanent representative: Filip De Bock3 facts ▸
- General meeting, 05-06-2026
- Auditor reappointment, KPMG Bedrijfsrevisoren BV (statutory auditor)
- Permanent representative, Filip De Bock (permanent representative)
09-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €5.0m ▼78.6%
Net result drops to €5.0m, the lowest in the series; recovery starts the following year.
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €100mEq €103.4m ▲3.5%
5 profitable years in a row build equity to €103.4m.
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €37.7m ▲66.7%
Net result €37.7m, the highest in the series.
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
12-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 26 acts read
About the unread acts
Of the 26 Belgian State Gazette acts we know for this company, 1 has been read. The other 25 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
Statutory auditor 1
KPMG Bedrijfsrevisoren BV
CurrentStatutory auditor · since 20-07-2026 · perm. rep.: Filip De Bock
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Location & real-estate footprint
Registered office, Dendermonde · 1 establishment unit since 1995
Ground area
8.0 ha
Building footprint
1.8 ha
Volume, LiDAR
262,870 m³
Parcel 42016B0865/00K003, Flanders · tallest building 35.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Oude baan (OUD) 120, 9200 Dendermonde
since 19952.070.607.728
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42016B0865/00K003 | Flanders | 8.0 ha | 1 · 1.8 ha | 35.6 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
1 person since 2026, 1 in office
- Statutory auditor
| Name | Functions and periods |
|---|---|
| KPMG Bedrijfsrevisoren BV |
|
Articles of association
Other statement
One provision in the deed
Structure & network
Part of the group
VPK Group
12 companies
Group, risk and exposure
Owners and holdings
2 owners · 4 holdings · 5 subsidiaries in the treeChain of control
- VPK Group
- VPK Paper
Highest known parent: VPK Group. The sources do not say who stands above it.
Owners 2
-
99.99%
-
0.01%
Holdings 4
-
100%
- CARTONNERIES DE WALLONIEsubsidiaryEquity €3.1mResult €933,52699.99%
- VPK PACKAGINGsubsidiaryEquity €43.8mResult -€4.5m99.99%
-
99%
All subsidiaries, including indirect ones 5
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
- VPK PACKAGING LTD (LIM)IE 100%
- CARTONNERIES DE WALLONIE 99.99%
VPK PACKAGING 99.99%1 subsidiary
- IMMOWELL 100%
- ECOFORMER 99%
According to the 2025 annual accounts of VPK Paper and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
2 transactionsReceived in a demerger part of:VPK Packaging NV
Split off to:VPK Packaging Group NV
Subsidies and aid
Flemish government
2022 to 2025 · 13 entries · 28,413,861 EUR awarded · 28,413,011 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 6 | 11,886,032 EUR | 11,895,682 EUR |
| 2024 | 2 | 8,295,054 EUR | 8,295,054 EUR |
| 2023 | 3 | 8,192,168 EUR | 8,207,918 EUR |
| 2022 | 2 | 40,607 EUR | 14,357 EUR |
Recognitions · licences · registrations
Dual-learning approval
5 live approvalsElektrische installaties duaal (so)
Elektrotechnicus (vwo)
Elektrotechnicus duaal (so)
Elektrotechnisch installateur (vwo)
Installateur elektrotechnische basiscomponenten duaal (so)
Legal Entity Identifier
549300ZP1GOY5V598I83
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Company details
Identification
Legal formPublic limited company
Founded28-02-1995
Fiscal year end31-12
Activities, NACEBEL 2025
17120Manufacture of paper and paper products
17220Manufacture of paper and paper products
E-invoicing
Reachable via Peppol
Peppol ID
0208:0454519927
Also
9925:BE0454519927
Registered
01-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Business parks
1 parkContact point for business park:VPK
Scores and ratios are computed by Checked and are not a credit decision.