Ranking · Flanders · NACE 17
Manufacture of paper and paper products: highest revenue in Flanders
As of 14 Nov 2026, 58 companies in Manufacture of paper and paper products (NACE 17) in Flanders publish their revenue in recent accounts (financial years 2023 to 2025). The top 10 account for €3.45bn, out of €4.93bn for all of them; median revenue is €31.7m. Ontex leads with €1.51bn (financial year 2025).
Top 50 · Manufacture of paper and paper products · Flanders
Ranked by revenue published in the latest filed accounts (accounts less than 3 years old).
| # | Company | Total assets | Revenue | Equity | FTE | Year |
|---|---|---|---|---|---|---|
| 1 | Ontex 9255 Buggenhout | €1.14bn | €1.51bn | €360.1m | 578.9 | 2025 |
| 2 | Etablissements L. Lacroix Fils 2610 Antwerp | €2.71bn | €439.6m | €2.48bn | 190.2 | 2025 |
| 3 | VPK Packaging 9200 Dendermonde | €114.9m | €348.3m | €43.8m | 570.8 | 2025 |
| 4 | Stora Enso Langerbrugge 9000 Ghent | €211.6m | €270.0m | €109.2m | 348.1 | 2025 |
| 5 | VPK Paper 9200 Dendermonde | €162.1m | €222.8m | €99.1m | 292.2 | 2025 |
| 6 | Essity Belgium 1831 Machelen (Brab.) | €108.3m | €151.4m | €20.6m | 87.0 | 2025 |
| 7 | Avery Dennison Belgie 2300 Turnhout | €140.4m | €150.7m | €42.4m | 382.6 | 2025 |
| 8 | Sofidel Benelux 2570 Duffel | €54.1m | €132.2m | €22.3m | 157.7 | 2025 |
| 9 | Smurfit Westrock Turnhout 2300 Turnhout | €82.0m | €119.7m | €53.3m | 330.7 | 2025 |
| 10 | Golfkarton Soenen 8830 Hooglede | €181.5m | €105.9m | €50.9m | — | 2025 |
| 11 | W.H. Brady 9240 Zele | €108.9m | €103.0m | €43.8m | 270.6 | 2025 |
| 12 | Sonoco Consumer Products Mechelen 2800 Mechelen | €53.8m | €84.4m | €33.0m | 173.3 | 2025 |
| 13 | Van Genechten Biermans 2300 Turnhout | €47.9m | €83.0m | €33.2m | 328.4 | 2025 |
| 14 | Mondi Poperinge 8970 Poperinge | €47.2m | €83.0m | €15.8m | 141.9 | 2025 |
| 15 | DS Smith Packaging Belgium 9000 Ghent | €82.8m | €76.5m | €40.5m | 369.8 | 2025 |
| 16 | Reynders Etiketten 2530 Boechout | €30.7m | €63.4m | €22.5m | 193.5 | 2025 |
| 17 | Solidus Solutions Belgium 2320 Hoogstraten | €53.7m | €60.8m | €10.9m | 119.8 | 2025 |
| 18 | Smart Packaging Solutions 2321 Hoogstraten | €24.0m | €59.7m | €7.19m | 123.6 | 2025 |
| 19 | Pacapime 1500 Halle | €40.0m | €56.6m | €26.5m | 125.6 | 2025 |
| 20 | ACE Packaging 3290 Diest | €38.6m | €55.3m | €30.8m | 70.4 | 2025 |
| 21 | Walki Belcoat 2570 Duffel | €31.3m | €44.3m | €3.83m | 100.1 | 2025 |
| 22 | LC Packaging Belgium 2860 Sint-Katelijne-Waver | €11.7m | €44.2m | €4.86m | 38.4 | 2025 |
| 23 | Eurofilters 3900 Pelt | €37.5m | €43.5m | 255,933 € | 187.2 | 2025 |
| 24 | Reynders Pharmaceutical Labels 2530 Boechout | €28.4m | €42.4m | €15.1m | 130.0 | 2025 |
| 25 | Kimberly - Clark 1831 Machelen (Brab.) | €84.4m | €37.9m | €70.8m | 21.2 | 2025 |
| 26 | Allbox 8530 Harelbeke | €45.3m | €35.7m | €32.1m | 36.2 | 2023 |
| 27 | Accent 8560 Wevelgem | €416.2m | €35.3m | €199.1m | 81.1 | 2025 |
| 28 | Smurfit Westrock Van Mierlo 2300 Turnhout | €16.2m | €33.5m | €8.08m | 140.6 | 2025 |
| 29 | Illochroma Haoneng Belgium 3600 Genk | €43.2m | €32.0m | €6.60m | 77.4 | 2024 |
| 30 | P. Van de Velde 9230 Wetteren | €100.8m | €31.4m | −€66.4m | 38.0 | 2025 |
| 31 | Chiyoda Europa 3600 Genk | €27.9m | €29.9m | €11.9m | 136.3 | 2025 |
| 32 | Kartonnage Lefevere - Beel 8710 Wielsbeke | €24.3m | €29.1m | €15.1m | 81.6 | 2025 |
| 33 | Nissha Metallizing Solutions 3600 Genk | €52.4m | €28.1m | €31.9m | 86.6 | 2025 |
| 34 | Smurfit Westrock Gent 9030 Ghent | €34.7m | €26.0m | €11.3m | 180.2 | 2025 |
| 35 | Corpack 9120 Beveren-Kruibeke-Zwijndrecht | €15.5m | €22.0m | €3.11m | 44.3 | 2025 |
| 36 | Van Grasdorff 2890 Puurs-Sint-Amands | €16.2m | €20.5m | €10.8m | 58.7 | 2025 |
| 37 | COREX Belgium 8540 Deerlijk | €8.26m | €17.6m | €3.73m | 54.1 | 2025 |
| 38 | Lumipaper 9130 Beveren-Kruibeke-Zwijndrecht | €13.0m | €17.4m | €9.16m | 96.5 | 2025 |
| 39 | Servibox 1742 Ternat | €7.65m | €16.8m | €4.12m | 34.0 | 2025 |
| 40 | Label Products 8790 Waregem | €10.4m | €16.5m | €4.36m | 43.9 | 2025 |
| 41 | Desmedt 2880 Bornem | €17.9m | €15.7m | €5.68m | 43.8 | 2025 |
| 42 | Boon - Weets 3290 Diest | €8.45m | €13.8m | €2.89m | 17.9 | 2025 |
| 43 | Van de Velde Packaging 8810 Lichtervelde | €12.8m | €13.6m | €8.02m | 52.3 | 2025 |
| 44 | DCP 9420 Erpe-Mere | €11.5m | €13.5m | €1.77m | 63.9 | 2025 |
| 45 | Smurfit Westrock Drogenbos 1620 Drogenbos | €8.79m | €13.4m | €6.31m | 61.0 | 2025 |
| 46 | Gruyaert Verpakking 8020 Oostkamp | €8.10m | €13.2m | €6.92m | 35.3 | 2025 |
| 47 | Aurora Productions 2340 Beerse | €10.1m | €13.2m | −€2.05m | 49.4 | 2025 |
| 48 | Bastin & Co 9230 Wetteren | €7.63m | €10.9m | €6.28m | 44.5 | 2025 |
| 49 | BDMO 8760 Tielt | €5.81m | €10.4m | 669,418 € | 56.6 | 2025 |
| 50 | Erpak SAN 2880 Bornem | €12.2m | €9.47m | €2.39m | 12.7 | 2025 |
Ranking based on each company's own annual accounts (statutory, not consolidated): a subsidiary and its parent appear separately, and the ranking differs from lists based on consolidated group accounts. These are the revenue figures published in the annual accounts. Small companies (micro and abridged accounts) do not have to publish theirs: they do not appear in this ranking.
Manufacture of paper and paper products across Belgium → All sectors · Flanders →
Other sectors · Flanders
- 01 Crop and animal production, hunting and related service activities202
- 08 Other mining and quarrying23
- 10 Manufacture of food products504
- 11 Manufacture of beverages47
- 13 Manufacture of textiles114
- 14 Manufacture of wearing apparel23
- 16 Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials66
- 18 Printing and reproduction of recorded media75
- 20 Manufacture of chemicals and chemical products205
- 21 Manufacture of basic pharmaceutical products and pharmaceutical preparations30
- 22 Manufacture of rubber and plastic products153
- 23 Manufacture of other non-metallic mineral products151
- 24 Manufacture of basic metals72
- 25 Manufacture of fabricated metal products, except machinery and equipment346
- 26 Manufacture of computer, electronic and optical products96
- 27 Manufacture of electrical equipment63
- 28 Manufacture of machinery and equipment n.e.c.164
- 29 Manufacture of motor vehicles, trailers and semi-trailers58
- 30 Manufacture of other transport equipment22
- 31 Manufacture of furniture74
- 32 Other manufacturing73
- 33 Repair, maintenance and installation of machinery and equipment130
- 35 Electricity, gas, steam and air conditioning supply146
- 37 Sewerage18
- 38 Waste collection, recovery and disposal activities156
- 41 Construction of residential and non-residential buildings882
- 42 Civil engineering222
- 43 Specialised construction activities1,336
- 46 Wholesale trade2,897
- 47 Retail trade1,541
- 49 Land transport and transport via pipelines791
- 50 Water transport49
- 51 Air transport17
- 52 Warehousing, storage and support activities for transportation466
- 53 Postal and courier activities50
- 55 Accommodation104
- 56 Food and beverage service activities500
- 58 Publishing activities56
- 59 Motion picture, video and television programme production, sound recording and music publishing activities67
- 60 Programming, broadcasting, news agency and other content distribution activities10
- 61 Telecommunication45
- 62 Computer programming, consultancy and related activities1,005
- 63 Computing infrastructure, data processing, hosting and other information service activities57
- 64 Financial service activities, except insurance and pension funding1,456
- 66 Activities auxiliary to financial services and insurance activities150
- 68 Real estate activities1,139
- 69 Legal and accounting activities293
- 70 Activities of head offices and management consultancy1,101
- 71 Architectural and engineering activities; technical testing and analysis290
- 72 Scientific research and development43
- 73 Activities of advertising, market research and public relations207
- 74 Other professional, scientific and technical activities72
- 75 Veterinary activities20
- 77 Rental and leasing activities175
- 78 Employment activities135
- 79 Travel agency, tour operator and other reservation service and related activities43
- 80 Investigation and security activities25
- 81 Services to buildings and landscape activities260
- 82 Office administrative, office support and other business support activities336
- 84 Public administration and defence; compulsory social security24
- 85 Education463
- 86 Human health activities386
- 87 Residential care activities347
- 88 Social work activities without accommodation243
- 90 Arts creation and performing arts activities179
- 91 Libraries, archives, museums and other cultural activities19
- 93 Sports activities and amusement and recreation activities144
- 94 Activities of membership organisations109
- 95 Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles183
- 96 Personal service activities210
Municipalities with the most companies in the sector · Flanders
Frequently asked questions
Which company in Manufacture of paper and paper products in Flanders has the highest revenue?
Ontex, with €1.51bn of published revenue (financial year 2025).
Why are some companies missing?
Small companies (micro and abridged accounts) do not have to publish their revenue: only the 58 that publish it, out of 201 companies in the sector in the area, are ranked.
Why does this ranking differ from other lists?
It uses each company's annual accounts as filed with the National Bank, not consolidated group accounts. A holding, a subsidiary or a purchasing entity can therefore appear separately. Only companies whose latest accounts are less than 3 years old are ranked.
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Active companies (legal entities) that have filed at least one set of annual accounts, based on the Crossroads Bank for Enterprises and the National Bank of Belgium. The sector is the main activity in the register; the municipality is that of the registered office. Data updated on 14 Nov 2026.