Financials
Financial year 2025
Smurfit Westrock Gent from Gent, company number BE0401078172, closed financial year 2025 with a result of € -242,821 after tax. For that financial year Smurfit Westrock Gent recorded revenue of € 26 million and equity of € 11.3 million. Compared with financial year 2024, the result moved from € 777,953 to € -242,821. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 6, 2026.
€ 11.3 million
▼ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -242,821
▼ still € 777,953 profit in 2024
Profit after tax over the fiscal year.
€ 3.9 million
▲ 39% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 10.7 million.
People and assets in 2025
180.2
▼ 7.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 14.4 million
▼ 18% vs 2024
€ 79,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 16.4 million
Loans from banks and other lenders, long and short.
€ 4.3 million
▲ 6% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 127 days on average.
€ 2.6 million
▲ 6% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 27,689,497 | € 33,742,096 | € 41,405,070 | € 26,019,338 | ▼ 37% |
| Profit after taxes | € -2,704,015 | € -828,777 | € 777,953 | € -242,821 | ▼ € 1 million |
| Equity | € 11,626,767 | € 10,797,990 | € 11,575,943 | € 11,333,122 | ▼ 2% |
| Total debts | € 22,940,043 | € 23,702,234 | € 22,956,359 | € 23,369,395 | ▲ 2% |
| Cash | € 328,235 | € 574,543 | € 2,820,722 | € 3,933,737 | ▲ 39% |
| Land & buildings | € 515,886 | € 487,992 | € 475,169 | € 473,034 | |
| Retained profit | € 10,964,767 | € 10,135,990 | € 10,913,943 | € 10,671,122 | ▼ 2% |
| Bank debt | € 16,381,846 | € 16,424,619 | € 16,381,846 | € 16,381,846 | |
| Balance sheet total | € 34,566,810 | € 34,500,224 | € 34,532,303 | € 34,702,517 | |
| Employees (FTE) | 184.9 | 185.7 | 187.4 | 180.2 | ▼ 7.2 |
Key figures of Smurfit Westrock Gent, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Smurfit Westrock Gent?
What happened at Smurfit Westrock Gent in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Martine Coquerelles stepped down as director. NBB
- Steven Van Hove stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 242,821 (▼ € 1 million vs 2024). Source: NBB ↗
- Martine Coquerelles became a director. NBB
- Steven Van Hove became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Gent. KBO
In short
From € 2.7 million loss in 2022 to € 242,821 loss in 2025.
Paid € 25,342 in corporate taxes since 2022.
Best year ever: 2024, with € 777,953 profit.
Pays suppliers within 127 days on average.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The shares are held by Multi Packaging Solutions UK Ltd and Multi Packaging Solutions GB Ltd. It owns 100% of Smurfit Westrock Bornem NV itself.
Directors
According to the 2025 annual accounts
since 2025 · until 2031
Steven Van Hove
Director
since 2025 · until 2031
Participations
Establishments
Establishment units
Physical locations of this company
Industrieweg 192
9030 Gent
Industrieweg 17
9030 Gent
Active since 1 September 1961
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0401.078.172
- VAT number
- BE 0401.078.172
- Registered office
- Industrieweg 192, 9030 Gent
- Names & denominations
- Smurfit Westrock Gent
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 2 November 1961
- Peppol
- Active · Active since 29 Jan 2026
- Activities · NACE
Vervaardiging van gegolfd papier, golfkarton en verpakkingsmateriaal van papier en karton
Vervaardiging van gegolfd papier en golfkarton en van verpakkingsmateriaal van papier en karton
Overige activiteiten op het gebied van drukwerk
Overige drukkerijen
Prepress- en premediadiensten