Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 7 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
AHLSTROM MALMEDY S.A. from Malmedy, company number BE0418148588, closed financial year 2025 with a result of € -510,067 after tax. For that financial year AHLSTROM MALMEDY S.A. recorded revenue of € 41.5 million and equity of € 6.5 million. Compared with financial year 2024, the result moved from € -2.5 million to € -510,067. The company made a loss. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on March 27, 2026.
€ 6.5 million
▲ 216% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -510,067
▲ 80 % less loss than in 2024
Profit after tax over the fiscal year.
€ 70,610
▲ € 69,879 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2.1 million.
People and assets in 2025
111.5
▲ 6.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 11.4 million
▼ 1% vs 2024
€ 101,800 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.
€ 110,546
▲ 9% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 7.8 million
▼ 4% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 97 days on average.
€ 2.2 million
▼ 19% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 31,797,994 | € 29,938,412 | € 35,837,503 | € 41,455,018 | ▲ 16% |
| Profit after taxes | € -2,623,184 | € -2,549,635 | € -2,508,984 | € -510,067 | ▲ € 2 million |
| Equity | € 7,199,572 | € 4,611,561 | € 2,064,202 | € 6,515,165 | ▲ 216% |
| Total debts | € 15,139,331 | € 16,409,828 | € 21,309,787 | € 17,234,089 | ▼ 19% |
| Cash | € 777 | € 43,759 | € 730 | € 70,610 | ▲ € 69,879 |
| Land & buildings | € 1,756,965 | € 1,883,718 | € 1,709,575 | € 1,772,090 | ▲ 4% |
| Retained profit | € -1,561,376 | € -4,111,011 | € -6,619,995 | € -2,130,657 | ▲ € 4.5 million |
| Balance sheet total | € 22,508,898 | € 21,244,458 | € 23,620,904 | € 23,917,204 | ▲ 1% |
| Employees (FTE) | 89.6 | 97.4 | 104.7 | 111.5 | ▲ 6.8 |
Key figures of AHLSTROM MALMEDY S.A., 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 AHLSTROM MALMEDY S.A.?
What happened at AHLSTROM MALMEDY S.A. in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 510,067. Source: NBB ↗
- Jean-Marc Jung stepped down as director. NBB
- Pierre Mary stepped down as director. NBB
- Sébastien Berlandis stepped down as director. NBB
- Jean-Marc Jung became a director. NBB
- Pierre Mary became a director. NBB
- Sébastien Berlandis became a director. NBB
- New establishment in Malmedy. KBO
In short
From € 2.6 million loss in 2022 to € 510,067 loss in 2025.
Paid € 16,159 in corporate taxes since 2022.
Pays suppliers within 97 days on average.
Management
Directors
According to the 2025 annual accounts
Jean-Marc Jung
Director
since 2025 · until 2026
Pierre Mary
Chairman of the board
since 2025 · until 2026
Sébastien Berlandis
Director
since 2025 · until 2026
Establishments
Establishment units
Physical locations of this company
Avenue du Pont de Warche 40
4960 Malmedy
Avenue du Pont de Warche
4960 Malmedy
Active since 16 September 1993
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Certifications & Partners
Hosting & Email
Email provider
Microsoft 365
Hosting
EPISERVER_AS, SE
Domain
Domain
ahlstrom-munksjo.com
Registered
2016-11-07
Registrar
Key-Systems GmbH
Expires
2027-11-07
Website info
Features
Security
Details
- Company number
- 0418.148.588
- VAT number
- BE 0418.148.588
- Registered office
- Avenue du Pont de Warche 40, 4960 Malmedy
- Names & denominations
- AHLSTROM MALMEDY S.A.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 21 March 1978
- Peppol
- Active · Active since 9 Jul 2026
- Contact
- ahlstrom-munksjo.com
- Activities · NACE
Vervaardiging van papier en karton
Vervaardiging van papier
Vervaardiging van karton