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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Busy address KBO
14 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Manuchar Pulp & Paper from Antwerpen, company number BE0799443316, closed financial year 2025 with a result of € 1.4 million after tax. For that financial year Manuchar Pulp & Paper recorded revenue of € 65 million and equity of € 6.2 million. Compared with financial year 2024, the result moved from € 474,953 to € 1.4 million. 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 May 27, 2026.
€ 6.2 million
▲ 28% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.4 million
▲ 189% vs 2024
Profit after tax over the fiscal year.
€ 3.4 million
▼ 3% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 6.1 million.
People and assets in 2025
15.5
▼ 0.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.6 million
▲ 11% vs 2024
€ 100,600 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.
€ 17,610
▼ 37% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 2.1 million
▲ 235% vs 2024
Loans from banks and other lenders, long and short.
€ 6.5 million
▼ 50% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 39 days on average.
€ 469,267
▲ 150% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Revenue | € 46,093,985 | € 53,055,917 | € 64,982,558 | ▲ 22% |
| Profit after taxes | € 167,689 | € 474,953 | € 1,373,262 | ▲ 189% |
| Equity | € 4,052,570 | € 4,827,315 | € 6,200,577 | ▲ 28% |
| Total debts | € 8,505,647 | € 13,842,354 | € 9,457,944 | ▼ 32% |
| Cash | € 3,966,509 | € 3,559,010 | € 3,449,669 | ▼ 3% |
| Retained profit | € 3,958,692 | € 4,726,565 | € 6,099,827 | ▲ 29% |
| Bank debt | € 100 | € 631,000 | € 2,110,941 | ▲ 235% |
| Balance sheet total | € 12,558,216 | € 18,669,669 | € 15,658,521 | ▼ 16% |
| Employees (FTE) | 8.9 | 15.9 | 15.5 | ▼ 0.4 |
Key figures of Manuchar Pulp & Paper, fiscal years 2023 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 Manuchar Pulp & Paper?
What happened at Manuchar Pulp & Paper in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Hucar BV stepped down as director. NBB
- Guto Comm.V stepped down as director. NBB
- M.D.R. BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 1.4 million (▲ 189% vs 2024). Source: NBB ↗
- Hucar BV became a director. NBB
- Guto Comm.V became a director. NBB
- M.D.R. BV became a director. NBB
- New establishment in Antwerpen. KBO
In short
From € 167,689 profit in 2023 to € 1.4 million profit in 2025.
Paid € 462,853 in corporate taxes since 2023.
Best year ever: 2025, with € 1.4 million profit.
Pays suppliers within 39 days on average.
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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
The stake of Manuchar International Trade Services comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Manuchar Pulp & PaperThe shares are held by Manuchar International Trade Services (100%).
Directors
According to the 2025 annual accounts
Director · represented by Laurent Pasqualini
Also active at: Manuchar, MANUCHAR GROUP, Manuchar International Trade Services
since 2025 · until 2031
Director · represented by Sofie Beernaert
Also active at: Manuchar, MANUCHAR GROUP, Manuchar International Trade Services
since 2025 · until 2031
Director · represented by Matthias De Raeymaeker
Also active at: Manuchar, UNIT ONE, LDI INTERNATIONAL, ACTIVIOR, MANUCHAR GROUP, Manuchar Europe, Manuchar Wood, Manuchar International Trade Services +1 more
since 2025 · until 2031
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rietschoorvelden 20
2170 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 14 companies are registered at this address.
All companies at this address →Manuchar same network
€ 570.5 million revenue · 2025
UNIT ONE same network
€ 90,316 gross margin · 2025
LDI INTERNATIONAL same network
€ 3.1 million gross margin · 2025
MANUCHAR GROUP same network
LSF XI Magpie Finco
€ 9,875 gross margin · 2025
+9 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
- 0799.443.316
- VAT number
- BE 0799.443.316
- Registered office
- Rietschoorvelden 20, 2170 Antwerpen
- Names & denominations
- Manuchar Pulp & Paper · Manuchar Paper
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 13 March 2023
- Peppol
- Active · Active since 30 Dec 2025
- Activities · NACE
Groothandel in andere intermediaire producten, neg
Groothandel in andere intermediaire producten, n.e.g.
Handelsbemiddeling in de groothandel in andere specifieke goederen