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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Annual account missing NBB
Fiscal year 2023 was expected before 31 July 2024 and has not been filed.
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Busy address KBO
52 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2022
SYLVAMO EUROPE from Watermaal-Bosvoorde, company number BE0474030981, closed financial year 2022 with a result of € 564,465 after tax. For that financial year SYLVAMO EUROPE recorded revenue of € 20.5 million and equity of € 29 million. Compared with financial year 2021, the result moved from € 759,042 to € 564,465. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 13, 2023.
€ 29 million
▲ 2% vs 2021
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 564,465
▼ 26% vs 2021
Profit after tax over the fiscal year.
€ 81.5 million
▲ 188% vs 2021
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2022. Retained profit grew to € 2.8 million.
People and assets in 2022
15.3
▲ 6.6 vs 2021
Average over the fiscal year, from the social balance sheet.
€ 5.2 million
▼ 25% vs 2021
€ 337,200 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.
€ 36,786
▼ 24% vs 2021
Book value of vehicles, furniture and equipment.
Debts at end 2022
€ 128.8 million
▲ € 99.2 million vs 2021
Loans from banks and other lenders, long and short.
€ 3.2 million
▲ 74% vs 2021
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 102 days on average.
€ 1.7 million
▲ 39% vs 2021
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | Change 2021 → 2022 | |
|---|---|---|---|
| Revenue | € 16,495,396 | € 20,499,881 | ▲ 24% |
| Profit after taxes | € 759,042 | € 564,465 | ▼ 26% |
| Equity | € 28,483,805 | € 29,048,270 | ▲ 2% |
| Total debts | € 34,171,204 | € 135,598,829 | ▲ 297% |
| Cash | € 28,275,423 | € 81,530,375 | ▲ 188% |
| Retained profit | € 2,209,640 | € 2,774,105 | ▲ 26% |
| Bank debt | € 29,542,541 | € 128,759,334 | ▲ € 99.2 million |
| Balance sheet total | € 62,655,009 | € 164,647,099 | ▲ 163% |
| Employees (FTE) | 8.7 | 15.3 | ▲ 6.6 |
Key figures of SYLVAMO EUROPE, fiscal years 2021 to 2022, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2023 has not been filed yet; it was expected before 31 July 2024.
What happened to SYLVAMO EUROPE?
What happened at SYLVAMO EUROPE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2022: profit of € 564,465 (▼ 26% vs 2021). Source: NBB ↗
- Maciej DEC became a director. NBB
- Anna DOROGOSTAISKAIA stepped down as director. NBB
- Anna DOROGOSTAISKAIA became a director. NBB
- Oliver TAUDIEN became a director. NBB
- Lorraine VAN EYLL became a director. NBB
- Magdalena GUTFRANSKA became a director. NBB
- Gérald DEMETS became a director. NBB
In short
From € 759,042 profit in 2021 to € 564,465 profit in 2022.
Paid € 535,183 in corporate taxes since 2021.
Best year ever: 2021, with € 759,042 profit.
Pays suppliers within 102 days on average.
A new publication or filing at SYLVAMO EUROPE? 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 SYLVAMO EUROPE are Oliver TAUDIEN, Lorraine VAN EYLL, Maciej DEC, Magdalena GUTFRANSKA and Gérald DEMETS. The shares are held by Global Holdings I, LLC (100%). It owns 100% of SYLVAMO POLSKA SP. Z O.O.SYLVAMO POLSKA SP. Z O.O., 100% of Sylvamo Deutschland GmbH, 100% of Sylvamo UK Ltd and 100% of Sylvamo Pulp And Paper Sales (Shanghai) Co. Ltd itself.
Directors
According to the 2022 annual accounts
Oliver TAUDIEN
Director
since 2021
Lorraine VAN EYLL
Director
since 2021
Maciej DEC
Director
since 2022
Magdalena GUTFRANSKA
Director
since 2021
Gérald DEMETS
Director
since 2019
Anna DOROGOSTAISKAIA
Director
since 2021 · until 2022
Shareholders
Global Holdings I, LLC
100%
Participations
Sylvamo Deutschland GmbH
100%
Sylvamo UK Ltd
100%
Sylvamo Pulp And Paper Sales (Shanghai) Co. Ltd
100%
Establishments
Establishment units
Physical locations of this company
Terhulpsesteenweg 166
1170 Watermaal-Bosvoorde
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 52 companies are registered at this address.
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+47 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0474.030.981
- VAT number
- BE 0474.030.981
- Registered office
- Terhulpsesteenweg 166, 1170 Watermaal-Bosvoorde
- Names & denominations
- SYLVAMO EUROPE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 15 February 2001
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Groothandel in kantoor- en schoolbenodigdheden
Groothandel in papierwaren, kantoor- en schoolbehoeften
Vervaardiging van papier
Vervaardiging van papier en karton
Vervaardiging van karton