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.
-
Tight liquidity NBB
Cash and receivables cover 22 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Aluminium Duffel from Duffel, company number BE0403045292, closed financial year 2025 with a result of € -31.9 million after tax. For that financial year Aluminium Duffel recorded revenue of € 623.5 million and equity of € 147.8 million. Compared with financial year 2024, the result moved from € -10 million to € -31.9 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 April 28, 2026.
€ 147.8 million
▼ 18% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -31.9 million
▼ 220 % more loss than in 2024
Profit after tax over the fiscal year.
€ 34.9 million
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -16.7 million.
People and assets in 2025
892.9
▲ 8.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 86.3 million
▼ 1% vs 2024
€ 96,700 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.
€ 3.3 million
▲ 44% vs 2024
Of which on lease € 584,358.
Debts at end 2025
€ 123.5 million
▲ 2% vs 2024
€ 98.1 million is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 92.1 million
▲ 15% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 63 days on average.
€ 21.3 million
▼ 17% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 796,348,722 | € 637,973,624 | € 648,145,519 | € 623,534,922 | ▼ 4% |
| Profit after taxes | € -128,056,333 | € -29,850,772 | € -9,979,094 | € -31,905,210 | ▼ € 21.9 million |
| Equity | € 187,535,806 | € 189,663,882 | € 179,684,788 | € 147,779,578 | ▼ 18% |
| Total debts | € 206,220,971 | € 191,440,785 | € 232,059,269 | € 243,272,415 | ▲ 5% |
| Cash | € 31,595,338 | € 17,809,899 | € 35,050,752 | € 34,908,642 | |
| Land & buildings | € 33,465,577 | € 32,585,046 | € 36,719,922 | € 36,249,882 | ▼ 1% |
| Retained profit | € 23,285,806 | € 25,185,034 | € 15,205,940 | € -16,699,270 | ▼ € 31.9 million |
| Bank debt | € 125,192,274 | € 101,509,677 | € 121,444,626 | € 123,464,085 | ▲ 2% |
| Balance sheet total | € 403,105,379 | € 391,451,269 | € 423,931,715 | € 403,396,793 | ▼ 5% |
| Employees (FTE) | 941.4 | 923.2 | 884.3 | 892.9 | ▲ 8.6 |
Key figures of Aluminium Duffel, 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 Aluminium Duffel?
What happened at Aluminium Duffel in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 31.9 million. Source: NBB ↗
- Rafael Carbonell became a director. NBB
- Koen Libbrecht became a director. NBB
- Michael Keown became a director. NBB
- Guillaume De Goys became a director. NBB
- Zachary Carson became a director. NBB
- New establishment in Duffel. KBO
- Start of the company according to the CBE. KBO
In short
From € 128.1 million loss in 2022 to € 31.9 million loss in 2025.
Paid € 2.2 million in corporate taxes since 2022.
Pays suppliers within 63 days on average.
Management
Behind Aluminium Duffel are Guillaume De Goys, Zachary Carson, Rafael Carbonell, Koen Libbrecht and Michael Keown . The shares are held by Aluminium Belgium BV (100%). It owns 100% of Aluminium Duffel France Sarl, 100% of Aluminium Duffel Spain, 100% of Aluminium Duffel UK, 100% of Aluminium Duffel Italy S.r.l., 100% of Aluminium Duffel Poland sp. z.o.o. and 100% of Aluminium Duffel Germany GmbH itself.
Directors
According to the 2025 annual accounts
Guillaume De Goys
Director
since 2022
Zachary Carson
Director
since 2022
Rafael Carbonell
Managing director
since 2025
Koen Libbrecht
Managing director, Persoon belast met dagelijks bestuur
Also active at: Aluminium Belgium
since 2023
Michael Keown
Chairman of the board
since 2023
Shareholders
100%
Participations
Aluminium Duffel France Sarl
100%
Aluminium Duffel Spain
100%
Aluminium Duffel UK
100%
Aluminium Duffel Italy S.r.l.
100%
Aluminium Duffel Germany GmbH
100%
Establishments
Establishment units
Physical locations of this company
A. Stocletlaan 87
2570 Duffel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →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
COMBELL-AS, BE
DNS
GoDaddy DNS
Domain
Domain
aluminiumduffel.com
Registered
2022-05-16
Registrar
GoDaddy.com, LLC
Expires
2026-05-16
Website info
Features
Security
Network
Details
- Company number
- 0403.045.292
- VAT number
- BE 0403.045.292
- Registered office
- A. Stocletlaan 87, 2570 Duffel
- Names & denominations
- Aluminium Duffel
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 23 May 1946
- Peppol
- Active · Active since 24 Jul 2025
- Activities · NACE
Productie van aluminium
Eerste verwerking van aluminium