Manufacture of tobacco products
21 Belgian companies whose main activity falls under NACE code 12 have filed annual accounts. Their median solvency is 51.0% for financial year 2024.
Sector medians
Computed by IdonisDistribution across the sector's companies for financial year 2024: a quarter of companies sit below the 1st quartile, half below the median, three quarters below the 3rd quartile.
| Indicator | 1st quartile | Median | 3rd quartile | Companies |
|---|---|---|---|---|
| Solvency | 25.1% | 51.0% | 90.7% | 20 |
| Current ratio | 1.37 | 2.72 | 6.42 | 20 |
| ROE | -0.1% | 13.1% | 26.5% | 20 |
| Equity | 442,854 € | €4.54m | €29.6m | 20 |
| Total assets | €1.99m | €12.2m | €47.0m | 20 |
| Net result | −1,042 € | 348,710 € | €4.86m | 20 |
| Headcount (avg FTE) | 4.9 | 17.8 | 42.5 | 17 |
Medians computed by Idonis from annual accounts filed with the National Bank, all sizes combined. The same panel is the sector benchmark on every company page. Method
Largest companies: Manufacture of tobacco products
Ranked by total assets in the latest filed accounts. This is a size criterion, not an assessment.
| # | Company | Total assets | Revenue | Equity | FTE | Year |
|---|---|---|---|---|---|---|
| 1 | Philip Morris Benelux 2600 Antwerp | €1.31bn | €3.45bn | €13.1m | 187.4 | 2025 |
| 2 | British American Tobacco Belgium 1702 Dilbeek | €352.9m | €1.10bn | €76.9m | 90.2 | 2025 |
| 3 | Scandinavian Tobacco Group Belgium Manufacturing 2260 Westerlo | €181.5m | €160.1m | €131.0m | 695.5 | 2025 |
| 4 | J. Cortès Cigars 8552 Zwevegem | €93.3m | €88.1m | €52.8m | 125.8 | 2025 |
| 5 | Tabaksbedrijf Stubbe 8980 Zonnebeke | €52.9m | €28.2m | €50.2m | 22.6 | 2025 |
| 6 | Sifaco Group 7170 Manage | €37.9m | €35.0m | €25.5m | 41.0 | 2025 |
| 7 | FLANDRIA - Tabak, sigaren en sigarettenfabriek 9770 Kruisem | €35.3m | €57.3m | €32.2m | 20.3 | 2025 |
| 8 | Twist 9230 Wetteren | €26.2m | €22.8m | €11.8m | 38.5 | 2025 |
| 9 | Landewyck Tobacco Belgium 1420 Braine-l'Alleud | €20.7m | €66.3m | €1.68m | 15.4 | 2025 |
| 10 | Asbjornsen Belgium 8940 Wervik | €16.4m | — | €7.13m | 17.1 | 2025 |
| 11 | CTS 8560 Wevelgem | €8.86m | — | €7.48m | 9.1 | 2025 |
| 12 | Santele 8560 Wevelgem | €4.75m | — | €4.42m | 4.5 | 2026 |
| 13 | Notebaert Produktie 8900 Ypres | €3.21m | — | 481,497 € | 4.2 | 2025 |
| 14 | Fabriek Botaniek 9770 Kruisem | €2.69m | — | 878,161 € | 0.1 | 2025 |
| 15 | Firma Nollet 8560 Wevelgem | €2.53m | — | €2.38m | 3.2 | 2025 |
| 16 | Euriginal Blends 8900 Ypres | €1.76m | — | 4,924 € | 0.9 | 2025 |
| 17 | Real Trade 8630 Veurne | 572,798 € | — | 89,211 € | — | 2025 |
| 18 | C2V Distribution 1180 Uccle | 551,798 € | — | 311,422 € | 5.1 | 2025 |
| 19 | Fabrieken Vandercruyssen 9800 Deinze | 300,303 € | — | 295,359 € | 0.3 | 2025 |
| 20 | Les Cafés LECLERCQ 7910 Frasnes-lez-Anvaing | 199,718 € | — | 77,400 € | — | 2025 |
“—”: not published. Small companies (micro and abridged accounts) do not have to publish their revenue.
Where are they based?
Municipalities with the most
- 8560 Wevelgem (Gullegem, Moorsele)3
- 8900 Ypres (Brielen, Dikkebus, Sint-Jan)2
- 9770 Kruisem (Kruishoutem)2
- 1180 Uccle1
- 1420 Braine-l'Alleud1
- 1702 Dilbeek (Groot-Bijgaarden)1
- 2260 Westerlo (Oevel, Tongerlo, Zoerle-Parwijs)1
- 2370 Arendonk1
- 2600 Antwerp (Berchem)1
- 7170 Manage (Bellecourt, Bois-D'haine, Fayt-Lez-Manage, …)1
- 7910 Frasnes-lez-Anvaing (Anvaing, Arc-Wattripont, Cordes, …)1
- 8552 Zwevegem (Moen)1
Manufacture of tobacco products: rankings by region and province
The largest companies in the sector in each region and province, by municipality of the registered office. A ranking is published once 10 companies in the sector publish the figure there.
Sub-sectors
Frequently asked questions
How many Manufacture of tobacco products companies are there in Belgium?
21 Belgian companies whose main activity falls under NACE code 12 (Manufacture of tobacco products) have filed annual accounts with the National Bank.
What is the median solvency in Manufacture of tobacco products?
For financial year 2024, median solvency (equity over total assets) is 51.0%. The middle half of companies lies between 25.1% and 90.7% (20 companies).
What is the largest company in Manufacture of tobacco products?
By total assets, it is Philip Morris Benelux (€1.31bn, financial year 2025).
Where are Manufacture of tobacco products companies based?
The municipalities with the most: Wevelgem (3), Ypres (2), Kruisem (2).
Analyse companies in Manufacture of tobacco products
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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.