Sector · NACE 1725

Manufacture of other articles of paper and paperboard

46 Belgian companies whose main activity falls under NACE code 1725 have filed annual accounts. Their median solvency is 42.6% for financial year 2024.

Companies46
Median solvency42.6%
Median equity€1.20m
Median headcount (FTE)14.1
Founded in the last 3 years2

Sector medians

Computed by Idonis

Distribution 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.

Indicator1st quartileMedian3rd quartileCompanies
Solvency 21.6%42.6%67.9% 46
Current ratio 0.871.432.16 44
ROE 4.3%14.7%26.4% 43
Equity 169,339 €€1.20m€5.01m 46
Total assets 792,903 €€2.34m€13.9m 46
Net result 19,410 €99,267 €512,005 € 46
Headcount (avg FTE) 4.314.177.4 37

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 other articles of paper and paperboard

Ranked by total assets in the latest filed accounts. This is a size criterion, not an assessment.

#Company Total assetsRevenue EquityFTEYear
1 Etablissements L. Lacroix Fils 2610 Antwerp €2.71bn €439.6m €2.48bn 190.2 2025
2 Accent 8560 Wevelgem €416.2m €35.3m €199.1m 81.1 2025
3 Label printing Europe 8560 Wevelgem €213.7m €1.42m €213.0m 12.0 2025
4 Avery Dennison Belgie 2300 Turnhout €140.4m €150.7m €42.4m 382.6 2025
5 W.H. Brady 9240 Zele €108.9m €103.0m €43.8m 270.6 2025
6 Nissha Metallizing Solutions 3600 Genk €52.4m €28.1m €31.9m 86.6 2025
7 Illochroma Haoneng Belgium 3600 Genk €43.2m €32.0m €6.60m 77.4 2024
8 Reynders Etiketten 2530 Boechout €30.7m €63.4m €22.5m 193.5 2025
9 Reynders Pharmaceutical Labels 2530 Boechout €28.4m €42.4m €15.1m 130.0 2025
10 POP Factory 1400 Nivelles €20.3m €15.7m €5.57m 25.9 2025
11 Desmedt 2880 Bornem €17.9m €15.7m €5.68m 43.8 2025
12 Atelier 85 5620 Florennes €16.8m €7.86m €13.3m 174.3 2025
13 Label Products 8790 Waregem €10.4m €16.5m €4.36m 43.9 2025
14 Digi-PAQ 8610 Kortemark €5.07m — €3.04m 16.5 2025
15 Conti Label Pauwels 9900 Eeklo €4.82m — €1.86m 23.3 2025
16 New-Line Company 9500 Geraardsbergen €4.66m — €4.58m 4.1 2025
17 Schepens Verpakkingen 9700 Oudenaarde €3.74m — €1.09m 10.3 2025
18 Identification Products International 2990 Wuustwezel €3.64m — €2.19m 4.9 2025
19 Les Infernaux 6001 Charleroi €2.52m — 291,224 € 14.5 2025
20 CPB 4770 Amel €2.49m — €1.69m 8.1 2025

“—”: not published. Small companies (micro and abridged accounts) do not have to publish their revenue.

See all 46 companies, full list →

Where are they based?

  • East Flanders10
  • Antwerp10
  • West Flanders8
  • Limburg4
  • Liège4
  • Walloon Brabant3
  • Flemish Brabant3
  • Hainaut2
  • Brussels-Capital1
  • Namur1

Municipalities with the most

Related sectors

← The whole Manufacture of paper and paper products sector (NACE 17)

Frequently asked questions

How many Manufacture of other articles of paper and paperboard companies are there in Belgium?

46 Belgian companies whose main activity falls under NACE code 1725 (Manufacture of other articles of paper and paperboard) have filed annual accounts with the National Bank.

What is the median solvency in Manufacture of other articles of paper and paperboard?

For financial year 2024, median solvency (equity over total assets) is 42.6%. The middle half of companies lies between 21.6% and 67.9% (46 companies).

What is the largest company in Manufacture of other articles of paper and paperboard?

By total assets, it is Etablissements L. Lacroix Fils (€2.71bn, financial year 2025).

Where are Manufacture of other articles of paper and paperboard companies based?

The municipalities with the most: Genk (3), Waterloo (2), Boechout (2).

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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.