Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 3 of the last 3 fiscal years.
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Late annual account NBB
Fiscal year 2023 was filed 415 days after the legal deadline.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2023
Castolin Eutectic Benelux from Enghien, company number BE0402932258, closed financial year 2023 with a result of € 21,654 after tax. For that financial year Castolin Eutectic Benelux recorded a gross margin of € 3.3 million and equity of € -713,486. Compared with financial year 2022, the result moved from € -272,857 to € 21,654. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 19, 2025.
€ -713,486
▲ € 21,654 vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 21,654
▲ still € 272,857 loss in 2022
Profit after tax over the fiscal year.
€ 36,213
▼ 84% vs 2022
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2023. Retained profit grew to € -863,486.
People and assets in 2023
33.3
▲ 4.1 vs 2022
Average over the fiscal year, from the social balance sheet.
€ 3 million
▲ 21% vs 2022
€ 90,400 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.
€ 4,070
▲ € 3,735 vs 2022
Book value of vehicles, furniture and equipment.
Debts at end 2023
€ 2 million
Loans from banks and other lenders, long and short.
€ 1.1 million
▼ 19% vs 2022
Supplier invoices still open on the last day of the fiscal year.
€ 579,613
▲ 65% vs 2022
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Gross margin | € 2,618,323 | € 2,543,414 | € 3,269,955 | ▲ 29% |
| Profit after taxes | € -79,330 | € -272,857 | € 21,654 | ▲ € 294,511 |
| Equity | € -462,283 | € -735,140 | € -713,486 | ▲ € 21,654 |
| Total debts | € 3,681,402 | € 4,660,356 | € 4,745,247 | ▲ 2% |
| Cash | € 89,841 | € 231,910 | € 36,213 | ▼ 84% |
| Retained profit | € -612,283 | € -885,140 | € -863,486 | ▲ € 21,654 |
| Bank debt | € 0 | € 1,986,959 | € 1,986,959 | |
| Balance sheet total | € 3,369,403 | € 4,110,462 | € 4,183,784 | ▲ 2% |
| Employees (FTE) | 26.9 | 29.2 | 33.3 | ▲ 4.1 |
Key figures of Castolin Eutectic Benelux, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to Castolin Eutectic Benelux?
What happened at Castolin Eutectic Benelux in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
Castolin Eutectic Benelux is active according to the CBE. Legal situation: Opening faillissement.
- Paul Vandegard stepped down as director. NBB
- Isabelle Van Der Beken stepped down as director. NBB
- New annual accounts for financial year 2023: profit of € 21,654. filed late Source: NBB ↗
- Paul Vandegard became a director. NBB
- Isabelle Van Der Beken became a director. NBB
- Martin Kirchgassner stepped down as director. NBB
- Vincent Martin stepped down as director. NBB
- Olivier Delarboulas stepped down as director. NBB
In short
From € 79,330 loss in 2021 to € 21,654 profit in 2023.
Paid € 79,058 in corporate taxes since 2021.
Best year ever: 2023, with € 21,654 profit.
On average € 98,200 of value added per employee in 2023.
Management
The shares are held by Castolin Eutectic GmbH (99.8%) and Castolin Gmbh (0.2%).
Directors
According to the 2023 annual accounts
Martin Kirchgassner
Director
since 2019 · until 2025
Paul Vandegard
Director
since 2025 · until 2031
Isabelle Van Der Beken
Director
since 2025 · until 2031
Vincent Martin
Director
since 2020 · until 2025
Olivier Delarboulas
Director
since 2020 · until 2023
Shareholders
Castolin Eutectic GmbH
99.8%
Castolin Gmbh
0.2%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Werkplaatsenstraat(P.E.) 11
7850 Enghien
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0402.932.258
- VAT number
- BE 0402.932.258
- Registered office
- Werkplaatsenstraat(P.E.) 11, 7850 Enghien
- Names & denominations
- Castolin Eutectic Benelux · MEC BENELUX
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Opening faillissement
- Start date
- 16 December 1955
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
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