Manufacture of paper and paperboard: largest employers
56 Belgian companies in the sector (NACE 1712) report employees in recent accounts; here are the top 20. VPK Packaging leads with 570.8 FTE (financial year 2025).
Top 20
Ranked by average headcount (FTE) reported in the latest filed accounts (accounts less than 3 years old).
| # | Company | Total assets | Revenue | Equity | FTE | Year |
|---|---|---|---|---|---|---|
| 1 | VPK Packaging 9200 Dendermonde | €114.9m | €348.3m | €43.8m | 570.8 | 2025 |
| 2 | Essity PLD Belgium 4801 Verviers | €96.5m | €170.9m | €53.1m | 351.0 | 2025 |
| 3 | Stora Enso Langerbrugge 9000 Ghent | €211.6m | €270.0m | €109.2m | 348.1 | 2025 |
| 4 | Smurfit Westrock Turnhout 2300 Turnhout | €82.0m | €119.7m | €53.3m | 330.7 | 2025 |
| 5 | VPK Paper 9200 Dendermonde | €162.1m | €222.8m | €99.1m | 292.2 | 2025 |
| 6 | Mondi Poperinge 8970 Poperinge | €47.2m | €83.0m | €15.8m | 141.9 | 2025 |
| 7 | Chiyoda Europa 3600 Genk | €27.9m | €29.9m | €11.9m | 136.3 | 2025 |
| 8 | Pacapime 1500 Halle | €40.0m | €56.6m | €26.5m | 125.6 | 2025 |
| 9 | Ahlstrom Malmedy S.A. 4960 Malmedy | €23.9m | €41.5m | €6.52m | 111.5 | 2025 |
| 10 | Cartonnage Lammerant 7900 Leuze-en-Hainaut | €70.1m | €69.1m | €23.9m | 106.3 | 2025 |
| 11 | Lumipaper 9130 Beveren-Kruibeke-Zwijndrecht | €13.0m | €17.4m | €9.16m | 96.5 | 2025 |
| 12 | Semoulin Packaging 7350 Hensies | €17.7m | €22.7m | €14.0m | 84.0 | 2025 |
| 13 | ACE Packaging 3290 Diest | €38.6m | €55.3m | €30.8m | 70.4 | 2025 |
| 14 | Smurfit Westrock Drogenbos 1620 Drogenbos | €8.79m | €13.4m | €6.31m | 61.0 | 2025 |
| 15 | BDMO 8760 Tielt | €5.81m | €10.4m | 669,418 € | 56.6 | 2025 |
| 16 | COREX Belgium 8540 Deerlijk | €8.26m | €17.6m | €3.73m | 54.1 | 2025 |
| 17 | Aurora Productions 2340 Beerse | €10.1m | €13.2m | −€2.05m | 49.4 | 2025 |
| 18 | Groupe Trehout PLV 7730 Estaimpuis | €4.66m | — | €2.05m | 46.7 | 2025 |
| 19 | P. Van de Velde 9230 Wetteren | €100.8m | €31.4m | −€66.4m | 38.0 | 2025 |
| 20 | Servibox 1742 Ternat | €7.65m | €16.8m | €4.12m | 34.0 | 2025 |
Headcount reported by the company for all its sites: the jobs may be located elsewhere.
“—”: not published. Small companies (micro and abridged accounts) do not have to publish their revenue.
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Frequently asked questions
Who is the largest employer in Manufacture of paper and paperboard?
VPK Packaging, with 570.8 full-time equivalents reported (financial year 2025).
How many Manufacture of paper and paperboard companies report employees?
56 out of 90, in accounts less than 3 years old.
Analyse companies in Manufacture of paper and paperboard
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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.