Financials
Financial year 2025
Metalunion from Brugge, company number BE0400045618, closed financial year 2025 with a result of € 2.9 million after tax. For that financial year Metalunion recorded revenue of € 107.3 million and equity of € 67.5 million. Compared with financial year 2024, the result moved from € 2.4 million to € 2.9 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on May 28, 2026.
€ 67.5 million
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2.9 million
▲ 25% vs 2024
Profit after tax over the fiscal year.
€ 2.5 million
▼ 65% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1.4 million paid out
47 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
95.5
▼ 5.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 7.6 million
▲ 1% vs 2024
€ 79,400 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 1.2 million
▲ 23% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 6.2 million
▼ 16% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 24 days on average.
€ 2.1 million
▼ 5% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 146,589,834 | € 116,739,876 | € 111,298,037 | € 107,301,891 | ▼ 4% |
| Profit after taxes | € 13,118,576 | € 3,436,714 | € 2,358,509 | € 2,942,926 | ▲ 25% |
| Equity | € 60,127,057 | € 63,560,851 | € 65,919,360 | € 67,492,757 | ▲ 2% |
| Total debts | € 12,959,310 | € 11,484,799 | € 9,702,771 | € 9,708,247 | |
| Cash | € 22,149,788 | € 4,429,457 | € 6,953,191 | € 2,467,328 | ▼ 65% |
| Land & buildings | € 5,724,767 | € 5,750,207 | € 5,635,843 | € 5,402,887 | ▼ 4% |
| Retained profit | € 56,717,232 | € 60,151,026 | € 62,509,535 | € 64,082,932 | ▲ 3% |
| Dividend | € 0 | € 0 | € 0 | € 1,369,530 | |
| Bank debt | € 335,473 | € 137,369 | € 9,764 | € 0 | ▼ 100% |
| Balance sheet total | € 73,086,367 | € 75,045,650 | € 75,622,131 | € 77,201,003 | ▲ 2% |
| Employees (FTE) | 102.5 | 94.1 | 100.8 | 95.5 | ▼ 5.3 |
Key figures of Metalunion, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Metalunion?
What happened at Metalunion in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Caroline Aelvoet stepped down as director. NBB
- Renaud Callebaut stepped down as director. NBB
- Nordine EL Hahaoui stepped down as director. NBB
- Virginie Tytgadt stepped down as director. NBB
- PAISA BV stepped down as director. NBB
- ERBICO BV stepped down as director. NBB
- Ludo Ielegems stepped down as director. NBB
- Alain Tytgadt stepped down as director. NBB
In short
From € 13.1 million profit in 2022 to € 2.9 million profit in 2025.
Paid € 7.6 million in corporate taxes since 2022.
Best year ever: 2022, with € 13.1 million profit.
Paid out € 1.4 million in dividends to the owners in total.
Management
The stake of Hallex, SINFONIA INVESTMENTS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MetalunionThe shares are held by Hallex (48.6%) and SINFONIA INVESTMENTS (36.1%).
Directors
According to the 2025 annual accounts
Caroline Aelvoet
Director
Also active at: SOBEMETAL, Hallex, Sodexo Belgium SA, BECI-BRUSSELS CHAMBER OF COMMERCE, SINFONIA INVESTMENTS, HUIS VAN DIJCK, Forensisch Psychiatrische Centra, Sodexo Belgium Security Services SA/NV +1 more
since 2022 · until 2028
since 2022 · until 2028
Nordine EL Hahaoui
Director
since 2022 · until 2028
since 2022 · until 2028
Director · represented by BRUNO RADEMAN
Also active at: SOBEMETAL, Hallex, DELICE D'OR, SINFONIA INVESTMENTS, Multi - Délices
since 2022 · until 2028
Ludo Ielegems
Director
since 2022 · until 2028
since 2022 · until 2028
Shareholders
48.6%
36.1%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Pathoekeweg 158
8000 Brugge
Luchthavenlaan 21 2
1800 Vilvoorde
Active since 23 June 1988
Jacob van Arteveldestraat 2
8000 Brugge
Active since 1 February 1958
Industrielaan
9990 Maldegem
Active since 1 February 1928
Nijverheidsstraat 54
2160 Wommelgem
Active since 27 May 2003
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
SUCURI-SEC - Sucuri, US
Website info
Features
Security
Network
Details
- Company number
- 0400.045.618
- VAT number
- BE 0400.045.618
- Registered office
- Pathoekeweg 158, 8000 Brugge
- Names & denominations
- Metalunion
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 9 February 1928
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- metalunion.be
- Activities · NACE
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