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VPK Group

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BE0400313852

Rechtspersoon Public limited company 3 establishments

Oude baan (OUD) 120, 9200 Dendermonde Vervaardiging van gegolfd papier, golfkarton en verpakkingsmateriaal van papier en karton

Active for

90 year, 8 months

Financials

Financial year 2025

Worth noting

  • Little cash and receivables against the short-term debts.

Gross margin

€ 0

Profit

Healthy

€ 86.3 million

▼ 12% vs 2024

Debts

Low

€ 236.9 million

▲ 42% vs 2024

VPK Group from Dendermonde, company number BE0400313852, closed financial year 2025 with a result of € 86.3 million after tax. For that financial year VPK Group recorded a gross margin of € 0 and equity of € 719.4 million. Compared with financial year 2024, the result moved from € 98.6 million to € 86.3 million. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 19, 2026.

What happened at VPK Group?

What happened at VPK Group in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

  • Dirk Meeus stepped down as director. NBB
  • Manon Macharis stepped down as director. NBB
  • Zenden BV stepped down as director. NBB
  • Wolfgang de Limburg Stirum stepped down as director. NBB
  • Carla Sinanian stepped down as director. NBB
  • Hoveco Management BV stepped down as director. NBB
  • Pierre Macharis stepped down as director. NBB
  • Sequoia Industries BV stepped down as director. NBB

In short

From € 53.2 million profit in 2021 to € 86.3 million profit in 2025.

Paid € 7.1 million in corporate taxes since 2021.

Best year ever: 2024, with € 98.6 million profit.

Paid out € 117.2 million in dividends to the owners in total.

Original PDFs at the National Bank ↗

A new publication or filing at VPK Group? We notify you, reason included.

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History

Every financial year, as far back as the National Bank goes.

Buffer

How long does the company survive without income?

Credit limit

Indicative credit limit, computed from the real figures.

Alerts

New annual account: profit halved. New
Gazette: capital increase of 250k. New

News about who you follow, reason included.

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Management

House of Paper BV 38.5%
Sequioa Industries BV 37.8%
Orzival BV 23.7%
VPK Group
VPK PAPER NORMANDIE 100%
COREX HOLDING 100%
VPK UK HOLDING 100%
VPK FINANCE 100%
+14

The shares are held by House of Paper BV (38.5%), Sequioa Industries BV (37.8%) and Orzival BV (23.7%). It owns 100% of VPK PAPER NORMANDIE, 100% of COREX HOLDING, 100% of VPK UK HOLDING, 100% of VPK FINANCE, 100% of ARGON and 100% of SC VPK PACKAGING itself.

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Directors

According to the 2025 annual accounts

Carla Sinanian

Director

since 2023 · until 2027

Zenden BV

Director · represented by Denis Zenner

Also active at: COREX Belgium, Cartamundi, VPK FINANCE

since 2024 · until 2028

Carl Verstraelen

Chairman of the board

since 2025 · until 2026

Dirk Meeus

Director

since 2025 · until 2029

Manon Macharis

Director

since 2025 · until 2029

Hoveco Management BV

Director · represented by Veronique Hoflack

Also active at: UNILIN, Unilin Resins, A&U Energie +2 more

since 2023 · until 2027

Pierre Macharis

Managing director

Also active at: Confédération of european paper industries, Febex Invest, Pine Creek +5 more

since 2023 · until 2027

Sequoia Industries BV

Director · represented by Jean-Paul Macharis

since 2025 · until 2027

Wolfgang de Limburg Stirum

Director

since 2024 · until 2028

Shareholders

House of Paper BV

38.5%

Sequioa Industries BV

37.8%

Orzival BV

23.7%

Participations

VPK PAPER NORMANDIE

100%

COREX HOLDING

100%

VPK UK HOLDING

100%

VPK FINANCE

100%

ARGON

100%

SC VPK PACKAGING

100%

VPK PACKAGING (FR)

100%

AQUILA

100%

AQUILA WRZESNIA

100%

VPK NEDERLAND

100%

VPK PAPER

100%

SMART PACKAGING SOLUTIONS

99.9%

VPK Italia

99%

VPK SERVICES

83.9%

VPK PETERSON HOLDING

74%

CORRBOARD UK

63.6%

ECOFORMER

0%

VPK PACKAGING (BE)

0%

Establishments

Establishment units

Physical locations of this company

Registered office

Oude baan (OUD) 120

9200 Dendermonde

2.246.126.951

Kareelstraat 108

9300 Aalst

Active since 1 January 2015

2.261.222.230

Korte Keppestraat 7

9320 Aalst

Active since 30 January 2017

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 13 companies are registered at this address.

IMMOWELL

€ 380,657 gross margin · 2025

ECOFORMER same network

€ 1.6 million gross margin · 2025

Sociaal Fonds VPK

VPK Paper same network

€ 222.8 million revenue · 2025

VPK PACKAGING same network

€ 348.3 million revenue · 2025

+8 more

Details

Company number
0400.313.852
VAT number
BE 0400.313.852
Registered office
Oude baan (OUD) 120, 9200 Dendermonde
Names & denominations
VPK Group
Enterprise type
Rechtspersoon
Legal form
Public limited company
Legal situation
Normale toestand
Start date
25 December 1935
Peppol
Active · Active since 17 Nov 2025
Activities · NACE

Vervaardiging van gegolfd papier, golfkarton en verpakkingsmateriaal van papier en karton

Activiteiten van holdings

Financiële holdings

Holdings

View on CBE Public ↗ Annual accounts (NBB) ↗

Frequently asked questions

What is the enterprise number of VPK Group?
The enterprise number of VPK Group is BE0400313852.
What is the address of VPK Group?
The registered office of VPK Group is located at Oude baan (OUD) 120, 9200 Dendermonde.
When was VPK Group founded?
VPK Group was founded on 25 December 1935.
What is the main activity of VPK Group?
The main activity of VPK Group is "Vervaardiging van gegolfd papier, golfkarton en verpakkingsmateriaal van papier en karton" (NACE code 17210).
Does VPK Group have a website?
No website is currently known for VPK Group.
How much profit did VPK Group make in 2025?
VPK Group posted a profit after taxes of € 86,337,115 in financial year 2025.
How many employees does VPK Group have?
According to the 2025 annual accounts, VPK Group has 76 full-time equivalents (FTE).
Where can I find the annual accounts of VPK Group?
VPK Group files its annual accounts with the Central Balance Sheet Office of the National Bank of Belgium. The key figures for recent financial years are available for free on this page.
Who are the directors of VPK Group?
According to the 2025 annual accounts, the directors of VPK Group are: Carla Sinanian, Zenden BV, Carl Verstraelen , Dirk Meeus, Manon Macharis, Hoveco Management BV, Pierre Macharis, Sequoia Industries BV.
Who owns VPK Group?
The shares are held by House of Paper BV (38.5%), Sequioa Industries BV (37.8%) and Orzival BV (23.7%). It owns 100% of VPK PAPER NORMANDIE, 100% of COREX HOLDING, 100% of VPK UK HOLDING, 100% of VPK FINANCE, 100% of ARGON and 100% of SC VPK PACKAGING itself.
Who are the shareholders of VPK Group?
According to the 2025 annual accounts, the shareholders of VPK Group are: House of Paper BV (38.5%), Sequioa Industries BV (37.8%), Orzival BV (23.7%).