Manufacture of paper and paper products: highest revenue in Wallonia
As of 14 Nov 2026, 15 companies in Manufacture of paper and paper products (NACE 17) in Wallonia publish their revenue in recent accounts (financial year 2025). The top 10 account for €931.7m, out of €944.9m for all of them; median revenue is €22.7m. Burgo Ardennes leads with €379.1m (financial year 2025).
Top 15 · Manufacture of paper and paper products · Wallonia
Ranked by revenue published in the latest filed accounts (accounts less than 3 years old).
| # | Company | Total assets | Revenue | Equity | FTE | Year |
|---|---|---|---|---|---|---|
| 1 | Burgo Ardennes 6762 Virton | €219.8m | €379.1m | €87.1m | 591.5 | 2025 |
| 2 | Essity PLD Belgium 4801 Verviers | €96.5m | €170.9m | €53.1m | 351.0 | 2025 |
| 3 | Smurfit Westrock Cartomills 7011 Mons | €141.8m | €98.3m | €96.6m | 306.3 | 2025 |
| 4 | Cartonnage Lammerant 7900 Leuze-en-Hainaut | €70.1m | €69.1m | €23.9m | 106.3 | 2025 |
| 5 | Europal 7700 Mouscron | €77.8m | €62.2m | €13.0m | 137.7 | 2025 |
| 6 | Avery Dennison Materials Belgium 7060 Soignies | €41.4m | €58.6m | €24.3m | — | 2025 |
| 7 | Ahlstrom Malmedy S.A. 4960 Malmedy | €23.9m | €41.5m | €6.52m | 111.5 | 2025 |
| 8 | Semoulin Packaging 7350 Hensies | €17.7m | €22.7m | €14.0m | 84.0 | 2025 |
| 9 | POP Factory 1400 Nivelles | €20.3m | €15.7m | €5.57m | 25.9 | 2025 |
| 10 | Mavane 1410 Waterloo | €9.37m | €13.6m | €1.68m | 3.8 | 2025 |
| 11 | Atelier 85 5620 Florennes | €16.8m | €7.86m | €13.3m | 174.3 | 2025 |
| 12 | Premium Cellulose Insulation Manufacturer 5590 Ciney | €1.28m | €3.76m | 317,149 € | 8.0 | 2025 |
| 13 | Envelnor Export 7170 Manage | 447,306 € | €1.24m | 154,510 € | 2.0 | 2025 |
| 14 | Durovan 6280 Gerpinnes | 80,750 € | 286,723 € | 43,649 € | 1.5 | 2025 |
| 15 | Mouse Power 1410 Waterloo | 363 € | 29,468 € | −10,280 € | — | 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 · Wallonia →
Other sectors · Wallonia
- 01 Crop and animal production, hunting and related service activities240
- 02 Forestry and logging49
- 08 Other mining and quarrying37
- 10 Manufacture of food products214
- 11 Manufacture of beverages37
- 13 Manufacture of textiles28
- 16 Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials61
- 18 Printing and reproduction of recorded media47
- 20 Manufacture of chemicals and chemical products80
- 21 Manufacture of basic pharmaceutical products and pharmaceutical preparations46
- 22 Manufacture of rubber and plastic products42
- 23 Manufacture of other non-metallic mineral products86
- 24 Manufacture of basic metals43
- 25 Manufacture of fabricated metal products, except machinery and equipment180
- 26 Manufacture of computer, electronic and optical products38
- 27 Manufacture of electrical equipment36
- 28 Manufacture of machinery and equipment n.e.c.71
- 29 Manufacture of motor vehicles, trailers and semi-trailers16
- 30 Manufacture of other transport equipment13
- 31 Manufacture of furniture26
- 32 Other manufacturing39
- 33 Repair, maintenance and installation of machinery and equipment53
- 35 Electricity, gas, steam and air conditioning supply64
- 37 Sewerage13
- 38 Waste collection, recovery and disposal activities64
- 41 Construction of residential and non-residential buildings401
- 42 Civil engineering77
- 43 Specialised construction activities959
- 46 Wholesale trade927
- 47 Retail trade1,359
- 49 Land transport and transport via pipelines246
- 52 Warehousing, storage and support activities for transportation104
- 53 Postal and courier activities19
- 55 Accommodation117
- 56 Food and beverage service activities565
- 58 Publishing activities38
- 59 Motion picture, video and television programme production, sound recording and music publishing activities53
- 61 Telecommunication18
- 62 Computer programming, consultancy and related activities309
- 63 Computing infrastructure, data processing, hosting and other information service activities31
- 64 Financial service activities, except insurance and pension funding321
- 66 Activities auxiliary to financial services and insurance activities127
- 68 Real estate activities852
- 69 Legal and accounting activities276
- 70 Activities of head offices and management consultancy642
- 71 Architectural and engineering activities; technical testing and analysis267
- 72 Scientific research and development36
- 73 Activities of advertising, market research and public relations111
- 74 Other professional, scientific and technical activities57
- 75 Veterinary activities39
- 77 Rental and leasing activities59
- 78 Employment activities39
- 79 Travel agency, tour operator and other reservation service and related activities32
- 80 Investigation and security activities15
- 81 Services to buildings and landscape activities144
- 82 Office administrative, office support and other business support activities180
- 84 Public administration and defence; compulsory social security13
- 85 Education314
- 86 Human health activities580
- 87 Residential care activities201
- 88 Social work activities without accommodation174
- 90 Arts creation and performing arts activities95
- 91 Libraries, archives, museums and other cultural activities20
- 92 Gambling and betting activities12
- 93 Sports activities and amusement and recreation activities118
- 94 Activities of membership organisations100
- 95 Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles130
- 96 Personal service activities171
Municipalities with the most companies in the sector · Wallonia
- 1410 Waterloo5
- 1300 Wavre (Limal)3
- 7700 Mouscron (Luingne)3
- 1400 Nivelles (Monstreux)2
- 4000 Liège (Glain, Rocourt)2
- 4801 Verviers (Stembert)2
- 7060 Soignies (Horrues)2
- 1325 Chaumont-Gistoux (Bonlez, Corroy-Le-Grand, Dion-Valmont, …)1
- 1350 Orp-Jauche (Enines, Folx-Les-Caves, Jandrain-Jandrenouille, …)1
- 1460 Ittre (Virginal-Samme)1
- 1495 Villers-la-Ville (Marbais, Mellery, Sart-Dames-Avelines, …)1
- 4252 Geer (Omal)1
Frequently asked questions
Which company in Manufacture of paper and paper products in Wallonia has the highest revenue?
Burgo Ardennes, with €379.1m 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 15 that publish it, out of 60 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.
Analyse companies · Wallonia
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Open the full file →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.