Financials
Financial year 2025
CARTONNERIES DE WALLONIE from Courcelles, company number BE0627789740, closed financial year 2025 with a result of € 511,445 after tax. For that financial year CARTONNERIES DE WALLONIE recorded a gross margin of € 2.5 million and equity of € 3.1 million. Compared with financial year 2024, the result moved from € 218,635 to € 511,445. 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 12, 2026.
€ 3.1 million
▲ 18% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 511,445
▲ 134% vs 2024
Profit after tax over the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -139,698.
People and assets in 2025
25.6
▲ 1.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.5 million
▲ 7% vs 2024
€ 58,600 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.
€ 4,829
▼ 46% 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.
€ 470,007
▼ 17% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 294,243
▼ 13% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 2,029,294 | € 2,257,131 | € 2,204,966 | € 2,548,445 | ▲ 16% |
| Profit after taxes | € 303,256 | € 277,000 | € 218,635 | € 511,445 | ▲ 134% |
| Equity | € 2,192,589 | € 2,439,213 | € 2,627,471 | € 3,108,540 | ▲ 18% |
| Total debts | € 3,464,705 | € 2,487,149 | € 2,153,005 | € 764,250 | ▼ 65% |
| Cash | € 417 | - | - | - | |
| Land & buildings | € 1,894,041 | € 1,679,141 | € 1,575,137 | € 1,471,921 | ▼ 7% |
| Retained profit | € -1,146,779 | € -869,779 | € -651,143 | € -139,698 | ▲ € 511,445 |
| Bank debt | € 2,500,000 | € 1,500,000 | € 1,250,000 | € 0 | ▼ 100% |
| Balance sheet total | € 5,657,294 | € 4,926,362 | € 4,780,477 | € 3,872,789 | ▼ 19% |
| Employees (FTE) | 20 | 23.1 | 24.3 | 25.6 | ▲ 1.3 |
Key figures of CARTONNERIES DE WALLONIE, 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 CARTONNERIES DE WALLONIE?
What happened at CARTONNERIES DE WALLONIE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Pierre Macharis stepped down as director. NBB
- WILCO SPRL stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 511,445 (▲ 134% vs 2024). Source: NBB ↗
- Pierre Macharis became a director. NBB
- WILCO SPRL became a director. NBB
- New establishment in Courcelles. KBO
- Start of the company according to the CBE. KBO
In short
From € 303,256 profit in 2022 to € 511,445 profit in 2025.
Paid € 1,424 in corporate taxes since 2022.
Best year ever: 2025, with € 511,445 profit.
On average € 99,500 of value added per employee in 2025.
Management
The shares are held by VPK Paper NV (99.9%) and VPK Packaging NV (0.1%).
Directors
According to the 2025 annual accounts
Pierre Macharis
Managing director
Also active at: IMMOWELL, ARGON, ECOFORMER, SMART PACKAGING SOLUTIONS, Lion Privak, COREX HOLDING
since 2024 · until 2030
since 2024 · until 2030
Shareholders
99.9%
0.1%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue de Hainaut(CO) 17
6180 Courcelles
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0627.789.740
- VAT number
- BE 0627.789.740
- Registered office
- Rue de Hainaut(CO) 17, 6180 Courcelles
- Names & denominations
- CARTONNERIES DE WALLONIE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 April 2015
- Peppol
- Active · Active since 1 Dec 2025
- Activities · NACE
Groothandel in andere intermediaire producten, neg
Vervaardiging van papier en karton
Groothandel in andere intermediaire producten, n.e.g.