What does DISTEEL do?

DISTEEL is a wholesaler in Gent. Public Limited, started on 27 December 1923, 2 establishments.

What is the address of DISTEEL?

The registered office of DISTEEL is located at Industrieweg 106, 9032 Gent.

Is DISTEEL still active?

Yes. According to the CBE (29 October 2026) DISTEEL is active, legal situation “Normale toestand”, started on 27 December 1923.

Is DISTEEL registered on Peppol?

Yes, DISTEEL is registered on the Peppol network with ID 0208:0401546445.

What is the enterprise number of DISTEEL?

The enterprise number of DISTEEL is BE0401546445.

When was DISTEEL founded?

DISTEEL was founded on 27 December 1923.

Who are the directors of DISTEEL?

According to the 2025 annual accounts, the directors of DISTEEL are: AMDS Holding Belgium NV, Paul TETTEROO, Michael TIMMERMANS.

Is DISTEEL a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 27 December 1923; 5 annual accounts filed, latest fiscal year 2025; 3 directors known from the annual account; 2 establishments in the CBE.

How much profit did DISTEEL make in 2025?

DISTEEL recorded a loss after taxes of € 1,221,967 in financial year 2025.

What is the revenue of DISTEEL?

In its most recent annual accounts (2025), DISTEEL reported revenue of € 106,562,679.

How much does an employee at DISTEEL earn?

The average wage cost per full-time employee at DISTEEL was € 84,700 in 2025: staff costs of € 7.5 million for 88.8 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does DISTEEL have?

According to the 2025 annual accounts, DISTEEL has 88.8 full-time equivalents (FTE).

DISTEEL (Public Limited) - Gent - BE0401546445

Dossier DISTEEL, printed on 29 October 2026 from databakkes.be/en/0401546445/disteel. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Two loss years in a row NBB

Negative result in 2024 and 2025.
Shrinking team NBB

FTE fell two years in a row, from 101.6 to 88.8.

Financials

Financial year 2025

DISTEEL from Gent, company number BE0401546445, closed financial year 2025 with a result of € -1.2 million after tax. For that financial year DISTEEL recorded revenue of € 106.6 million and equity of € 15.3 million. Compared with financial year 2024, the result moved from € -1.2 million to € -1.2 million. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 9, 2026.

What it is worth Healthy

€ 15.3 million

▼ 7% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -1.2 million

▲ 1 % less loss than in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 17,003

▼ 41% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € 479,108.

People and assets in 2025

Full-time equivalents

88.8

▼ 3.9 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 9.1 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 7.5 million

▲ 1% vs 2024

€ 84,700 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.

Vehicles and equipment

€ 83,409

▼ 29% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt

€ 2.6 million

▼ 17% vs 2024

Loans from banks and other lenders, long and short.

Owed to suppliers

€ 12.4 million

▼ 10% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 45 days on average.

Taxes and wages

€ 2.3 million

▲ 6% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 155,227,914 Revenue 2022: € 155,227,914 First fiscal year in the series	€ 107,907,632 Revenue 2023: € 107,907,632 ▼ 30% vs 2022 (€ 155,227,914) Unfavourable step	€ 96,868,701 Revenue 2024: € 96,868,701 ▼ 10% vs 2023 (€ 107,907,632) Unfavourable step	€ 106,562,679 Revenue 2025: € 106,562,679 ▲ 10% vs 2024 (€ 96,868,701) Favourable step	▲ 10%
Profit after taxes	€ 10,020,880 Profit after taxes 2022: € 10,020,880 First fiscal year in the series	€ -4,160,178 Profit after taxes 2023: € -4,160,178 ▼ € 14.2 million vs 2022 (€ 10,020,880) Unfavourable step	€ -1,228,369 Profit after taxes 2024: € -1,228,369 ▲ € 2.9 million vs 2023 (€ -4,160,178) Favourable step	€ -1,221,967 Profit after taxes 2025: € -1,221,967 ▲ € 6,402 vs 2024 (€ -1,228,369) Favourable step	▲ € 6,402
Equity	€ 26,921,622 Equity 2022: € 26,921,622 First fiscal year in the series	€ 22,761,444 Equity 2023: € 22,761,444 ▼ 15% vs 2022 (€ 26,921,622) Unfavourable step	€ 16,533,075 Equity 2024: € 16,533,075 ▼ 27% vs 2023 (€ 22,761,444) Unfavourable step	€ 15,311,108 Equity 2025: € 15,311,108 ▼ 7% vs 2024 (€ 16,533,075) Unfavourable step	▼ 7%
Total debts	€ 21,275,158 Total debts 2022: € 21,275,158 First fiscal year in the series	€ 17,889,032 Total debts 2023: € 17,889,032 ▼ 16% vs 2022 (€ 21,275,158) Favourable step	€ 19,136,922 Total debts 2024: € 19,136,922 ▲ 7% vs 2023 (€ 17,889,032) Unfavourable step	€ 17,357,994 Total debts 2025: € 17,357,994 ▼ 9% vs 2024 (€ 19,136,922) Favourable step	▼ 9%
Cash	€ 177,680 Cash 2022: € 177,680 First fiscal year in the series	€ 27,168 Cash 2023: € 27,168 ▼ 85% vs 2022 (€ 177,680) Unfavourable step	€ 28,953 Cash 2024: € 28,953 ▲ 7% vs 2023 (€ 27,168) Favourable step	€ 17,003 Cash 2025: € 17,003 ▼ 41% vs 2024 (€ 28,953) Unfavourable step	▼ 41%
Land & buildings	€ 1,311,133 Land & buildings 2022: € 1,311,133 First fiscal year in the series	€ 1,470,218 Land & buildings 2023: € 1,470,218 ▲ 12% vs 2022 (€ 1,311,133) Unchanged	€ 1,670,982 Land & buildings 2024: € 1,670,982 ▲ 14% vs 2023 (€ 1,470,218) Unchanged	€ 1,786,808 Land & buildings 2025: € 1,786,808 ▲ 7% vs 2024 (€ 1,670,982) Unchanged	▲ 7%
Retained profit	€ 7,089,622 Retained profit 2022: € 7,089,622 First fiscal year in the series	€ 2,929,444 Retained profit 2023: € 2,929,444 ▼ 59% vs 2022 (€ 7,089,622) Unfavourable step	€ 1,701,075 Retained profit 2024: € 1,701,075 ▼ 42% vs 2023 (€ 2,929,444) Unfavourable step	€ 479,108 Retained profit 2025: € 479,108 ▼ 72% vs 2024 (€ 1,701,075) Unfavourable step	▼ 72%
Bank debt	€ 5,513,239 Bank debt 2022: € 5,513,239 First fiscal year in the series	€ 3,247,201 Bank debt 2023: € 3,247,201 ▼ 41% vs 2022 (€ 5,513,239) Favourable step	€ 3,175,385 Bank debt 2024: € 3,175,385 ▼ 2% vs 2023 (€ 3,247,201) Favourable step	€ 2,622,018 Bank debt 2025: € 2,622,018 ▼ 17% vs 2024 (€ 3,175,385) Favourable step	▼ 17%
Balance sheet total	€ 48,525,638 Balance sheet total 2022: € 48,525,638 First fiscal year in the series	€ 40,650,477 Balance sheet total 2023: € 40,650,477 ▼ 16% vs 2022 (€ 48,525,638) Unchanged	€ 35,669,997 Balance sheet total 2024: € 35,669,997 ▼ 12% vs 2023 (€ 40,650,477) Unchanged	€ 33,082,102 Balance sheet total 2025: € 33,082,102 ▼ 7% vs 2024 (€ 35,669,997) Unchanged	▼ 7%
Employees (FTE)	103.8 Employees (FTE) 2022: 103.8 First fiscal year in the series	101.6 Employees (FTE) 2023: 101.6 ▼ 2.2 vs 2022 (103.8) Unchanged	92.7 Employees (FTE) 2024: 92.7 ▼ 8.9 vs 2023 (101.6) Unchanged	88.8 Employees (FTE) 2025: 88.8 ▼ 3.9 vs 2024 (92.7) Unchanged	▼ 3.9

Key figures of DISTEEL, 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 DISTEEL?

What happened at DISTEEL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2028 AMDS Holding Belgium NV stepped down as director. NBB
2028 Paul TETTEROO stepped down as director. NBB
2028 Michael TIMMERMANS stepped down as director. NBB
Jun 9, 2026 New annual accounts for financial year 2025: loss of € 1.2 million. Source: NBB ↗
2024 Paul TETTEROO became a director. NBB
2022 AMDS Holding Belgium NV became a director. NBB
2019 Michael TIMMERMANS became a director. NBB
Feb 14, 1986 New establishment in Gent. KBO

In short

From € 10 million profit in 2022 to € 1.2 million loss in 2025.

Paid € 1.3 million in corporate taxes since 2022.

Best year ever: 2022, with € 10 million profit.

Pays suppliers within 45 days on average.

Original PDFs at the National Bank ↗

Management

AMDS Holding Belgium 100%

DISTEEL

The shares are held by AMDS Holding Belgium (100%).

Directors

According to the 2025 annual accounts

AMDS Holding Belgium NV

Director · represented by Jorgen Spietael

Also active at: ArcelorMittal ESP, INDUSTEEL Belgium, ArcelorMittal Steel Service Centres Liège, ALLIANCE GREEN SERVICES België, Alliance Green Services België Gent, METAL SERVICE CENTER BENELUX

since 2022 · until 2028

Paul TETTEROO

Chairman of the board

since 2024 · until 2028

Michael TIMMERMANS

Director

since 2019 · until 2028

Shareholders

AMDS Holding Belgium

100%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Industrieweg 106

9032 Gent

2.000.931.242

Rue Gabriel de Moriamé(ML) 20

5020 Namur

Active since 1 November 1945

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number: 0401.546.445
VAT number: BE 0401.546.445
Registered office: Industrieweg 106, 9032 Gent
Names & denominations: DISTEEL
Enterprise type: Rechtspersoon
Legal form: Public limited company
Legal situation: Normale toestand
Start date: 27 December 1923
Peppol: Active · Active since 20 Oct 2025
Activities · NACE: Groothandel in metalen en metaalertsen

View on CBE Public ↗ Annual accounts (NBB) ↗