What does Steelforce do?

Steelforce is registered with the CBE as active in: Groothandel in metalen en metaalertsen. Public Limited, started on 4 July 1950, 1 establishment.

What is the address of Steelforce?

The registered office of Steelforce is located at Lange Klarenstraat 16, 2000 Antwerpen.

Is Steelforce still active?

Yes. According to the CBE (30 October 2026) Steelforce is active, legal situation “Normale toestand”, started on 4 July 1950.

Is Steelforce registered on Peppol?

Yes, Steelforce is registered on the Peppol network with ID 0208:0402950965.

What is the enterprise number of Steelforce?

The enterprise number of Steelforce is BE0402950965.

When was Steelforce founded?

Steelforce was founded on 4 July 1950.

Who are the directors of Steelforce?

According to the 2025 annual accounts, the directors of Steelforce are: Hexit BV, KZBFin BV, Steelforce Group NV, Charles Somers, Waterkeyn Investments BV, Triple MG Consult BV.

Is Steelforce a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 4 July 1950; 5 annual accounts filed, latest fiscal year 2025; 6 directors known from the annual account.

How much profit did Steelforce make in 2025?

Steelforce posted a profit after taxes of € 3,013,297 in financial year 2025.

What is the revenue of Steelforce?

In its most recent annual accounts (2025), Steelforce reported revenue of € 195,979,484.

How much does an employee at Steelforce earn?

The average wage cost per full-time employee at Steelforce was € 115,600 in 2025: staff costs of € 6.2 million for 53.9 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does Steelforce have?

According to the 2025 annual accounts, Steelforce has 53.9 full-time equivalents (FTE).

Steelforce (Public Limited) - Antwerpen - BE0402950965

Dossier Steelforce, printed on 30 October 2026 from databakkes.be/en/0402950965/steelforce. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

Steelforce from Antwerpen, company number BE0402950965, closed financial year 2025 with a result of € 3 million after tax. For that financial year Steelforce recorded revenue of € 196 million and equity of € 35.6 million. Compared with financial year 2024, the result moved from € 6.5 million to € 3 million. The company is profitable. 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 July 2, 2026.

What it is worth Growing

€ 35.6 million

▲ 9% vs 2024

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

Profit Healthy

€ 3 million

▼ 53% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 1.2 million

▲ € 1.1 million vs 2024

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

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 33.4 million.

People and assets in 2025

Full-time equivalents

53.9

▼ 0.8 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.

€ 6.2 million

▼ 4% vs 2024

€ 115,600 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

€ 1.1 million

▼ 7% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 2 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 7.4 million

▼ 75% vs 2024

€ 1.3 million is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.

Owed to suppliers

€ 41 million

▲ 28% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 78 days on average.

Taxes and wages

€ 1.6 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	€ 590,625,537 Revenue 2022: € 590,625,537 First fiscal year in the series	€ 532,852,409 Revenue 2023: € 532,852,409 ▼ 10% vs 2022 (€ 590,625,537) Unfavourable step	€ 187,198,912 Revenue 2024: € 187,198,912 ▼ 65% vs 2023 (€ 532,852,409) Unfavourable step	€ 195,979,484 Revenue 2025: € 195,979,484 ▲ 5% vs 2024 (€ 187,198,912) Favourable step	▲ 5%
Profit after taxes	€ 6,195,315 Profit after taxes 2022: € 6,195,315 First fiscal year in the series	€ 8,483,017 Profit after taxes 2023: € 8,483,017 ▲ 37% vs 2022 (€ 6,195,315) Favourable step	€ 6,464,878 Profit after taxes 2024: € 6,464,878 ▼ 24% vs 2023 (€ 8,483,017) Unfavourable step	€ 3,013,297 Profit after taxes 2025: € 3,013,297 ▼ 53% vs 2024 (€ 6,464,878) Unfavourable step	▼ 53%
Equity	€ 29,848,741 Equity 2022: € 29,848,741 First fiscal year in the series	€ 26,251,595 Equity 2023: € 26,251,595 ▼ 12% vs 2022 (€ 29,848,741) Unfavourable step	€ 32,656,274 Equity 2024: € 32,656,274 ▲ 24% vs 2023 (€ 26,251,595) Favourable step	€ 35,607,999 Equity 2025: € 35,607,999 ▲ 9% vs 2024 (€ 32,656,274) Favourable step	▲ 9%
Total debts	€ 125,144,456 Total debts 2022: € 125,144,456 First fiscal year in the series	€ 115,210,202 Total debts 2023: € 115,210,202 ▼ 8% vs 2022 (€ 125,144,456) Favourable step	€ 66,138,891 Total debts 2024: € 66,138,891 ▼ 43% vs 2023 (€ 115,210,202) Favourable step	€ 51,557,526 Total debts 2025: € 51,557,526 ▼ 22% vs 2024 (€ 66,138,891) Favourable step	▼ 22%
Cash	€ 146,054 Cash 2022: € 146,054 First fiscal year in the series	€ 179,867 Cash 2023: € 179,867 ▲ 23% vs 2022 (€ 146,054) Favourable step	€ 109,456 Cash 2024: € 109,456 ▼ 39% vs 2023 (€ 179,867) Unfavourable step	€ 1,231,993 Cash 2025: € 1,231,993 ▲ € 1.1 million vs 2024 (€ 109,456) Favourable step	▲ € 1.1 million
Retained profit	€ 27,616,741 Retained profit 2022: € 27,616,741 First fiscal year in the series	€ 24,019,595 Retained profit 2023: € 24,019,595 ▼ 13% vs 2022 (€ 27,616,741) Unfavourable step	€ 30,424,274 Retained profit 2024: € 30,424,274 ▲ 27% vs 2023 (€ 24,019,595) Favourable step	€ 33,375,999 Retained profit 2025: € 33,375,999 ▲ 10% vs 2024 (€ 30,424,274) Favourable step	▲ 10%
Dividend	€ 5,000,000 Dividend 2022: € 5,000,000 First fiscal year in the series	€ 12,000,000 Dividend 2023: € 12,000,000 ▲ 140% vs 2022 (€ 5,000,000) Unchanged	€ 0 Dividend 2024: € 0 ▼ 100% vs 2023 (€ 12,000,000) Unchanged	€ 0 Dividend 2025: € 0 Unchanged (€ 0) Unchanged
Bank debt	€ 58,144,054 Bank debt 2022: € 58,144,054 First fiscal year in the series	€ 43,485,328 Bank debt 2023: € 43,485,328 ▼ 25% vs 2022 (€ 58,144,054) Favourable step	€ 30,091,154 Bank debt 2024: € 30,091,154 ▼ 31% vs 2023 (€ 43,485,328) Favourable step	€ 7,420,282 Bank debt 2025: € 7,420,282 ▼ 75% vs 2024 (€ 30,091,154) Favourable step	▼ 75%
Balance sheet total	€ 161,433,067 Balance sheet total 2022: € 161,433,067 First fiscal year in the series	€ 151,068,259 Balance sheet total 2023: € 151,068,259 ▼ 6% vs 2022 (€ 161,433,067) Unchanged	€ 100,296,786 Balance sheet total 2024: € 100,296,786 ▼ 34% vs 2023 (€ 151,068,259) Unchanged	€ 87,829,369 Balance sheet total 2025: € 87,829,369 ▼ 12% vs 2024 (€ 100,296,786) Unchanged	▼ 12%
Employees (FTE)	55.5 Employees (FTE) 2022: 55.5 First fiscal year in the series	56.3 Employees (FTE) 2023: 56.3 ▲ 0.8 vs 2022 (55.5) Unchanged	54.7 Employees (FTE) 2024: 54.7 ▼ 1.6 vs 2023 (56.3) Unchanged	53.9 Employees (FTE) 2025: 53.9 ▼ 0.8 vs 2024 (54.7) Unchanged	▼ 0.8

Key figures of Steelforce, 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 Steelforce?

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

2027 Hexit BV stepped down as director. NBB
2027 KZBFin BV stepped down as director. NBB
2027 Steelforce Group NV stepped down as director. NBB
2027 Charles Somers stepped down as director. NBB
2027 Waterkeyn Investments BV stepped down as director. NBB
2027 Triple MG Consult BV stepped down as director. NBB
Jul 2, 2026 New annual accounts for financial year 2025: profit of € 3 million (▼ 53% vs 2024). Source: NBB ↗
2023 KZBFin BV became a director. NBB