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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Busy address KBO
87 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
World Steel Association from Sint-Pieters-Woluwe, company number BE0406597373, closed financial year 2025 with a result of € -571,486 after tax. For that financial year World Steel Association recorded revenue of € 16 million and equity of € 11.8 million. Compared with financial year 2024, the result moved from € 924,705 to € -571,486. 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 23, 2026.
€ 11.8 million
▼ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -571,486
▼ still € 924,705 profit in 2024
Profit after tax over the fiscal year.
€ 2.7 million
▼ 17% vs 2024
Cash and bank balances on the last day of the fiscal year.
People and assets in 2025
30.2
▲ 0.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 5.8 million
▲ 12% vs 2024
€ 190,800 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.
€ 110,651
▼ 4% 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.
€ 775,919
▼ 21% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 29 days on average.
€ 1.8 million
▲ 51% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 15,142,095 | € 15,781,541 | € 14,881,846 | € 15,976,722 | ▲ 7% |
| Profit after taxes | € 544,678 | € 1,077,888 | € 924,705 | € -571,486 | ▼ € 1.5 million |
| Equity | € 10,368,416 | € 11,446,304 | € 12,371,009 | € 11,799,523 | ▼ 5% |
| Total debts | € 2,610,543 | € 2,609,538 | € 3,129,845 | € 3,767,108 | ▲ 20% |
| Cash | € 2,904,009 | € 1,478,845 | € 3,250,157 | € 2,682,997 | ▼ 17% |
| Retained profit | € 10,368,416 | € 11,446,304 | € 12,371,009 | € 11,799,523 | ▼ 5% |
| Balance sheet total | € 13,707,889 | € 15,061,709 | € 16,475,904 | € 16,438,132 | |
| Employees (FTE) | 30.4 | 28.5 | 29.8 | 30.2 | ▲ 0.4 |
Key figures of World Steel Association, 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 World Steel Association?
What happened at World Steel Association in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Abdulqader Abdulrahman Alshikhmubarak stepped down as director. NBB
- Ugur Dalbeler stepped down as director. NBB
- Thachat Viswanath Narendran stepped down as director. NBB
- Mark Vassella stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 571,486 (▼ € 1.5 million vs 2024). Source: NBB ↗
- Abdulqader Abdulrahman Alshikhmubarak became a director. NBB
- Ugur Dalbeler became a director. NBB
- Leon Topalian stepped down as director. NBB
In short
From € 544,678 profit in 2022 to € 571,486 loss in 2025.
Best year ever: 2023, with € 1.1 million profit.
Pays suppliers within 29 days on average.
A new publication or filing at World Steel Association? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2025 annual accounts
Abdulqader Abdulrahman Alshikhmubarak
Director
since 2025 · until 2026
Ugur Dalbeler
Chairman of the board
since 2025 · until 2026
Leon Topalian
Director
since 2024 · until 2025
Thachat Viswanath Narendran
Director
since 2025 · until 2026
Akihiko Inoue
Director
since 2024 · until 2025
Mark Vassella
Director
since 2025 · until 2026
Establishments
Establishment units
Physical locations of this company
Tervurenlaan 270
1150 Sint-Pieters-Woluwe
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 87 companies are registered at this address.
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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
Domain
Domain
worldsteel.org
Registered
1996-12-13
Registrar
Namebay SAM
Expires
2026-12-12
Website info
Features
Security
Details
- Company number
- 0406.597.373
- VAT number
- BE 0406.597.373
- Registered office
- Tervurenlaan 270, 1150 Sint-Pieters-Woluwe
- Names & denominations
- World Steel Association · Worldsteel
- Enterprise type
- Rechtspersoon
- Legal form
- International non-profit association
- Legal situation
- Normale toestand
- Start date
- 10 July 1967
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- worldsteel.org
- Activities · NACE
Bedrijfs- en werkgeversorganisaties
Activiteiten van bedrijfs- en werkgeversorganisaties