Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 57 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
CAMPINE from Beerse, company number BE0403807337, closed financial year 2025 with a result of € 40.4 million after tax. For that financial year CAMPINE recorded revenue of € 585.6 million and equity of € 58.8 million. Compared with financial year 2024, the result moved from € 13.6 million to € 40.4 million. Profitable, and profit is growing. 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 July 3, 2026.
€ 58.8 million
▲ 76% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 40.4 million
▲ 197% vs 2024
Profit after tax over the fiscal year.
€ 11.4 million
▲ € 11.3 million vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 15 million paid out
37 % of the profit went to the shareholders, mostly to F.W. Hempel Metallurgical Gmbh (72 % of the shares). That is where the money ends up.
People and assets in 2025
127.8
▲ 1.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 14.1 million
▲ 7% vs 2024
€ 110,600 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.
€ 308,797
▲ 25% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 27.7 million
▲ 54% vs 2024
€ 3 million is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 24.1 million
▲ € 18.4 million vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 17 days on average.
€ 3.1 million
▼ 5% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 165,427,691 | € 133,026,854 | € 195,113,056 | € 585,628,676 | ▲ 200% |
| Profit after taxes | € 5,855,226 | € 3,812,843 | € 13,599,517 | € 40,429,957 | ▲ 197% |
| Equity | € 27,723,433 | € 26,852,527 | € 33,503,294 | € 58,839,501 | ▲ 76% |
| Total debts | € 41,973,123 | € 44,215,164 | € 67,932,548 | € 97,628,289 | ▲ 44% |
| Cash | € 49,429 | € 91,225 | € 85,426 | € 11,422,600 | ▲ € 11.3 million |
| Land & buildings | € 2,394,808 | € 2,560,205 | € 2,287,806 | € 2,203,587 | ▼ 4% |
| Retained profit | € 23,160,933 | € 22,383,777 | € 29,128,294 | € 54,558,251 | ▲ 87% |
| Dividend | € 3,840,000 | € 4,590,000 | € 6,855,000 | € 15,000,000 | ▲ 119% |
| Bank debt | € 27,195,358 | € 18,303,920 | € 18,009,050 | € 27,740,818 | ▲ 54% |
| Balance sheet total | € 70,673,516 | € 71,804,111 | € 102,116,803 | € 158,240,917 | ▲ 55% |
| Employees (FTE) | 120 | 125.6 | 126.5 | 127.8 | ▲ 1.3 |
Key figures of CAMPINE, 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 CAMPINE?
What happened at CAMPINE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Friedrich-Wilhelm Hempel stepped down as director. NBB
- FLG Belgium SPRL stepped down as director. NBB
- JOKECON 2.0 stepped down as director. NBB
- Yass BV stepped down as director. NBB
- Zendics BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 40.4 million (▲ 197% vs 2024). Source: NBB ↗
- Hans-Rudolf Orgs stepped down as director. NBB
- Friedrich-Wilhelm Hempel became a director. NBB
In short
From € 5.9 million profit in 2022 to € 40.4 million profit in 2025.
Paid € 21.7 million in corporate taxes since 2022.
Best year ever: 2025, with € 40.4 million profit.
Paid out € 30.3 million in dividends to the owners in total.
Management
The shares are held by F.W. Hempel Metallurgical Gmbh (71.9%). It owns 100% of Campine France SAS, 100% of Campine Recycling France SAS, 100% of Le Plomb Français Holding SAS and 100% of Campine Recycling NV itself.
Directors
According to the 2025 annual accounts
Friedrich-Wilhelm Hempel
Director
since 2025 · until 2027
Director · represented by Johan Kestens
since 2024 · until 2027
Director · represented by Ann De Schepper
Also active at: Agilitas Group, ERGOFLEX, rialto recruitment
since 2023 · until 2027
since 2018 · until 2026
Managing director · represented by Willem De Vos
Also active at: IMDECO, Lano, LANO SPORTS, GOVI PRODUCTION COMPANY, CAMPINE RECYCLING, L2D, PROTECTIVE PACKAGING SYSTEMS EUROPE
since 2023 · until 2027
Director · represented by Dina Brughmans
since 2025 · until 2027
Shareholders
Participations
Campine France SAS
100%
Campine Recycling France SAS
100%
Le Plomb Français Holding SAS
100%
100%
Establishments
Establishment units
Physical locations of this company
Nijverheidsstraat 2
2340 Beerse
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.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Domain
Domain
campine.com
Registered
2002-06-21
Registrar
Ascio Technologies, Inc. Danmark - Filial af Ascio technologies, Inc. USA
Expires
2026-06-21
Website info
Features
Security
Details
- Company number
- 0403.807.337
- VAT number
- BE 0403.807.337
- Registered office
- Nijverheidsstraat 2, 2340 Beerse
- Names & denominations
- CAMPINE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 December 1912
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- campine.com
- Activities · NACE
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