Financials
Financial year 2025
Smurfit Westrock Cartomills from Mons, company number BE0448776735, closed financial year 2025 with a result of € -885,237 after tax. For that financial year Smurfit Westrock Cartomills recorded revenue of € 98.3 million and equity of € 96.6 million. Compared with financial year 2024, the result moved from € 44.1 million to € -885,237. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 1, 2026.
€ 96.6 million
▼ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -885,237
▼ still € 44.1 million profit in 2024
Profit after tax over the fiscal year.
€ 42,790
▼ 65% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 70.5 million.
People and assets in 2025
306.3
▼ 13.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 22.8 million
▲ 1% vs 2024
€ 74,500 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.
€ 98,409
▼ 36% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 17 million
▼ 15% vs 2024
Loans from banks and other lenders, long and short.
€ 19.3 million
▲ 10% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 100 days on average.
€ 8.4 million
▲ 2% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 109,175,295 | € 100,583,709 | € 92,354,469 | € 98,337,012 | ▲ 6% |
| Profit after taxes | € 211,267 | € 3,302,442 | € 44,102,659 | € -885,237 | ▼ € 45 million |
| Equity | € 50,112,805 | € 53,415,248 | € 97,517,907 | € 96,632,670 | ▼ 1% |
| Total debts | € 42,282,666 | € 39,180,859 | € 45,842,847 | € 44,816,318 | ▼ 2% |
| Cash | € 34,673 | € 28,707 | € 122,102 | € 42,790 | ▼ 65% |
| Land & buildings | € 3,861,165 | € 4,130,659 | € 4,404,739 | € 4,772,954 | ▲ 8% |
| Retained profit | € 23,942,175 | € 27,244,617 | € 71,347,276 | € 70,462,039 | ▼ 1% |
| Bank debt | € 20,016,889 | € 20,016,889 | € 20,037,209 | € 17,027,971 | ▼ 15% |
| Balance sheet total | € 92,655,471 | € 92,596,107 | € 143,702,592 | € 141,773,590 | ▼ 1% |
| Employees (FTE) | 311.9 | 324.5 | 319.6 | 306.3 | ▼ 13.3 |
Key figures of Smurfit Westrock Cartomills, 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 Cartomills?
What happened at Smurfit Westrock Cartomills in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Cornelus Jacob Koelewijn stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 885,237 (▼ € 45 million vs 2024). Source: NBB ↗
- Cornelus Jacob Koelewijn became a director. NBB
- David Tielemans became a director. NBB
- New establishment in Arlon. KBO
- New establishment in Dilbeek. KBO
- New establishment in Mons. KBO
- Start of the company according to the CBE. KBO
In short
From € 211,267 profit in 2022 to € 885,237 loss in 2025.
Paid € 719,808 in corporate taxes since 2022.
Best year ever: 2024, with € 44.1 million profit.
Pays suppliers within 100 days on average.
A new publication or filing at Smurfit Westrock Cartomills? We notify you, reason included.
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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
Behind Smurfit Westrock Cartomills is David Tielemans. The shares are held by Smurfit Westrock Holdings Limited (100%). It owns 100% of Smurfit Westrock Nord Emballages, 100% of Smurfit Westrock Turnhout and 17.5% of Smurfit Westrock Espana itself.
Directors
According to the 2025 annual accounts
David Tielemans
Managing director
since 2021
Cornelus Jacob Koelewijn
Director
since 2022 · until 2028
Shareholders
Smurfit Westrock Holdings Limited
100%
Participations
Establishments
Establishment units
Physical locations of this company
Rue de Douvrain (G.) 19
7011 Mons
Bosstraat 81
1702 Dilbeek
Active since 8 February 1995
Weyler, Zone artisanale 17
6700 Arlon
Active since 31 March 2011
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0448.776.735
- VAT number
- BE 0448.776.735
- Registered office
- Rue de Douvrain (G.) 19, 7011 Mons
- Names & denominations
- Smurfit Westrock Cartomills
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 20 November 1992
- Peppol
- Active · Active since 11 Dec 2025
- Activities · NACE
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