What is the address of Tubeco?

The registered office of Tubeco is located at Barmbeekstraat 18, 8791 Waregem.

Is Tubeco still active?

Yes. According to the CBE (30 October 2026) Tubeco is active, legal situation “Normale toestand”, started on 1 January 1968.

Is Tubeco registered on Peppol?

Yes, Tubeco is registered on the Peppol network with ID 0208:0405447429.

What is the enterprise number of Tubeco?

The enterprise number of Tubeco is BE0405447429.

When was Tubeco founded?

Tubeco was founded on 1 January 1968.

Who are the directors of Tubeco?

According to the 2025 annual accounts, the directors of Tubeco are: VERBE BV, RION BV, VAMOS BV.

Is Tubeco a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 1 January 1968; 5 annual accounts filed, latest fiscal year 2025; 3 directors known from the annual account; 2 establishments in the CBE.

How much profit did Tubeco make in 2025?

Tubeco posted a profit after taxes of € 467,453 in financial year 2025.

What is the revenue of Tubeco?

As a small company, Tubeco is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 2,641,180.

How much does an employee at Tubeco earn?

The average wage cost per full-time employee at Tubeco was € 59,900 in 2025: staff costs of € 1.5 million for 25 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does Tubeco have?

According to the 2025 annual accounts, Tubeco has 25 full-time equivalents (FTE).

Does Tubeco have a website?

Yes, Tubeco has a website at tubeco.be.

Tubeco (Public Limited) - Waregem - BE0405447429

Q: What does Tubeco do?

Tubeco is registered with the CBE as active in: Vervaardiging van gegolfd papier en golfkarton en van verpakkingsmateriaal van papier en karton. Public Limited, started on 1 January 1968, 2 establishments.

Dossier Tubeco, printed on 30 October 2026 from databakkes.be/en/0405447429/tubeco. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

Tubeco from Waregem, company number BE0405447429, closed financial year 2025 with a result of € 467,453 after tax. For that financial year Tubeco recorded a gross margin of € 2.6 million and equity of € 4.4 million. Compared with financial year 2024, the result moved from € 454,051 to € 467,453. 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 June 4, 2026.

What it is worth Growing

€ 4.4 million

▲ 12% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 467,453

▲ 3% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 244,121

▲ 21% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 2.5 million.

People and assets in 2025

Full-time equivalents

▲ 0.6 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 1.5 million

▲ 7% vs 2024

€ 59,900 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.

Vehicles and equipment

€ 24,935

▼ 30% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 7 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 1.8 million

▼ 16% vs 2024

€ 256,660 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.

Owed to suppliers

€ 740,810

▲ 4% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 231,277

▲ 8% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 12,333,190 Revenue 2022: € 12,333,190 First fiscal year in the series	€ 11,502,423 Revenue 2023: € 11,502,423 ▼ 7% vs 2022 (€ 12,333,190) Unfavourable step	-	-
Gross margin	-	-	€ 2,515,913 Gross margin 2024: € 2,515,913 First fiscal year in the series	€ 2,641,180 Gross margin 2025: € 2,641,180 ▲ 5% vs 2024 (€ 2,515,913) Favourable step	▲ 5%
Profit after taxes	€ 485,852 Profit after taxes 2022: € 485,852 First fiscal year in the series	€ 2,495,336 Profit after taxes 2023: € 2,495,336 ▲ € 2 million vs 2022 (€ 485,852) Favourable step	€ 454,051 Profit after taxes 2024: € 454,051 ▼ 82% vs 2023 (€ 2,495,336) Unfavourable step	€ 467,453 Profit after taxes 2025: € 467,453 ▲ 3% vs 2024 (€ 454,051) Favourable step	▲ 3%
Equity	€ 4,495,477 Equity 2022: € 4,495,477 First fiscal year in the series	€ 4,074,713 Equity 2023: € 4,074,713 ▼ 9% vs 2022 (€ 4,495,477) Unfavourable step	€ 3,928,765 Equity 2024: € 3,928,765 ▼ 4% vs 2023 (€ 4,074,713) Unfavourable step	€ 4,396,218 Equity 2025: € 4,396,218 ▲ 12% vs 2024 (€ 3,928,765) Favourable step	▲ 12%
Total debts	€ 4,174,921 Total debts 2022: € 4,174,921 First fiscal year in the series	€ 3,212,038 Total debts 2023: € 3,212,038 ▼ 23% vs 2022 (€ 4,174,921) Favourable step	€ 3,640,834 Total debts 2024: € 3,640,834 ▲ 13% vs 2023 (€ 3,212,038) Unfavourable step	€ 2,757,017 Total debts 2025: € 2,757,017 ▼ 24% vs 2024 (€ 3,640,834) Favourable step	▼ 24%
Cash	€ 403,361 Cash 2022: € 403,361 First fiscal year in the series	€ 301,864 Cash 2023: € 301,864 ▼ 25% vs 2022 (€ 403,361) Unfavourable step	€ 201,087 Cash 2024: € 201,087 ▼ 33% vs 2023 (€ 301,864) Unfavourable step	€ 244,121 Cash 2025: € 244,121 ▲ 21% vs 2024 (€ 201,087) Favourable step	▲ 21%
Land & buildings	€ 3,015,464 Land & buildings 2022: € 3,015,464 First fiscal year in the series	€ 2,778,502 Land & buildings 2023: € 2,778,502 ▼ 8% vs 2022 (€ 3,015,464) Unchanged	€ 2,614,347 Land & buildings 2024: € 2,614,347 ▼ 6% vs 2023 (€ 2,778,502) Unchanged	€ 2,434,639 Land & buildings 2025: € 2,434,639 ▼ 7% vs 2024 (€ 2,614,347) Unchanged	▼ 7%
Retained profit	€ 2,606,305 Retained profit 2022: € 2,606,305 First fiscal year in the series	€ 2,201,641 Retained profit 2023: € 2,201,641 ▼ 16% vs 2022 (€ 2,606,305) Unfavourable step	€ 2,055,692 Retained profit 2024: € 2,055,692 ▼ 7% vs 2023 (€ 2,201,641) Unfavourable step	€ 2,523,145 Retained profit 2025: € 2,523,145 ▲ 23% vs 2024 (€ 2,055,692) Favourable step	▲ 23%
Dividend	€ 100,000 Dividend 2022: € 100,000 First fiscal year in the series	€ 2,900,000 Dividend 2023: € 2,900,000 ▲ € 2.8 million vs 2022 (€ 100,000) Unchanged	€ 600,000 Dividend 2024: € 600,000 ▼ 79% vs 2023 (€ 2,900,000) Unchanged	€ 0 Dividend 2025: € 0 ▼ 100% vs 2024 (€ 600,000) Unchanged	▼ 100%
Bank debt	€ 2,533,441 Bank debt 2022: € 2,533,441 First fiscal year in the series	€ 2,287,597 Bank debt 2023: € 2,287,597 ▼ 10% vs 2022 (€ 2,533,441) Favourable step	€ 2,099,969 Bank debt 2024: € 2,099,969 ▼ 8% vs 2023 (€ 2,287,597) Favourable step	€ 1,769,800 Bank debt 2025: € 1,769,800 ▼ 16% vs 2024 (€ 2,099,969) Favourable step	▼ 16%
Balance sheet total	€ 8,680,691 Balance sheet total 2022: € 8,680,691 First fiscal year in the series	€ 7,916,283 Balance sheet total 2023: € 7,916,283 ▼ 9% vs 2022 (€ 8,680,691) Unchanged	€ 8,147,461 Balance sheet total 2024: € 8,147,461 ▲ 3% vs 2023 (€ 7,916,283) Unchanged	€ 7,676,967 Balance sheet total 2025: € 7,676,967 ▼ 6% vs 2024 (€ 8,147,461) Unchanged	▼ 6%
Employees (FTE)	23.9 Employees (FTE) 2022: 23.9 First fiscal year in the series	21.6 Employees (FTE) 2023: 21.6 ▼ 2.3 vs 2022 (23.9) Unchanged	24.4 Employees (FTE) 2024: 24.4 ▲ 2.8 vs 2023 (21.6) Unchanged	25 Employees (FTE) 2025: 25 ▲ 0.6 vs 2024 (24.4) Unchanged	▲ 0.6

Key figures of Tubeco, 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 Tubeco?

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

2029 VERBE BV stepped down as director. NBB
2029 RION BV stepped down as director. NBB
2029 VAMOS BV stepped down as director. NBB
Jun 4, 2026 New annual accounts for financial year 2025: profit of € 467,453 (▲ 3% vs 2024). Source: NBB ↗
2023 VERBE BV became a director. NBB
2023 RION BV became a director. NBB
2023 VAMOS BV became a director. NBB
Sep 1, 2002 New establishment in Waregem. KBO

In short

From € 485,852 profit in 2022 to € 467,453 profit in 2025.

Paid € 752,415 in corporate taxes since 2022.

Best year ever: 2023, with € 2.5 million profit.

On average € 105,600 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

RION 33%

VERBE 33%

VAMOS 33%

The stake of RION, VERBE, VAMOS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

Tubeco

The shares are held by RION (33%), VERBE (33%) and VAMOS (33%).

Directors

According to the 2025 annual accounts

VERBE BV

Director · represented by Vercaemst Thomas

Also active at: I.T.W.

since 2023 · until 2029

RION BV

Director · represented by Vanneste Tom

Also active at: I.T.W.

since 2023 · until 2029

VAMOS BV

Director · represented by Vercaemst Mathias

Also active at: I.T.W.

since 2023 · until 2029

Shareholders

RION

33%

VERBE

33%

VAMOS

33%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Barmbeekstraat 18

8791 Waregem

2.232.532.105

Hoogmolenstraat 13

8790 Waregem

Active since 1 September 2002

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 →

TUBIMMO

€ 226,586 gross margin · 2025

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

Website

HTTPS tubeco.be

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Details

Company number

0405.447.429

VAT number

BE 0405.447.429

Registered office

Barmbeekstraat 18, 8791 Waregem

Names & denominations

Tubeco

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

1 January 1968

Peppol

Active · Active since 27 Nov 2025

Contact

tubeco.be

Activities · NACE

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

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

Vervaardiging van papier en karton

Vervaardiging van karton

View on CBE Public ↗ Annual accounts (NBB) ↗

Tubeco

Financials

What happened to Tubeco?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Website

Technologies

Hosting & Email

Website info

Features

Security

Details

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