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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 45 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
NLMK LA LOUVIERE from La Louvière, company number BE0417374172, closed financial year 2025 with a result of € -106.8 million after tax. For that financial year NLMK LA LOUVIERE recorded revenue of € 238.3 million and equity of € 51 million. Compared with financial year 2024, the result moved from € -105.9 million to € -106.8 million. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 4, 2026.
€ 51 million
▼ 45% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -106.8 million
▼ 1 % more loss than in 2024
Profit after tax over the fiscal year.
€ 2.3 million
▲ 99% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -12.3 million.
People and assets in 2025
601.7
▲ 19.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 57.6 million
▲ 3% vs 2024
€ 95,800 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.
€ 2 million
▲ 16% vs 2024
Of which on lease € 523,426.
Debts at end 2025
€ 264.1 million
▲ 48% vs 2024
€ 8.8 million is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 111.1 million
▲ 21% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 281 days on average.
€ 14.6 million
▲ 3% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 283,358,789 | € 217,521,645 | € 242,326,665 | € 238,259,410 | ▼ 2% |
| Profit after taxes | € -119,159,398 | € -156,683,688 | € -105,948,883 | € -106,847,017 | ▼ € 898,134 |
| Equity | € 24,744,697 | € 78,461,009 | € 92,512,126 | € 51,027,450 | ▼ 45% |
| Total debts | € 368,218,689 | € 245,899,058 | € 285,083,025 | € 390,711,834 | ▲ 37% |
| Cash | € 9,157,697 | € 1,589,260 | € 1,178,830 | € 2,348,045 | ▲ 99% |
| Land & buildings | € 8,069,522 | € 7,050,614 | € 6,689,629 | € 5,860,145 | ▼ 12% |
| Retained profit | € -38,355,303 | € 15,461,009 | € 29,512,126 | € -12,334,891 | ▼ € 41.8 million |
| Bank debt | € 181,355,033 | € 173,306,702 | € 178,995,130 | € 264,141,021 | ▲ 48% |
| Balance sheet total | € 410,897,457 | € 339,101,809 | € 388,754,326 | € 451,616,887 | ▲ 16% |
| Employees (FTE) | 591.5 | 577.6 | 582 | 601.7 | ▲ 19.7 |
Key figures of NLMK LA LOUVIERE, 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 NLMK LA LOUVIERE?
What happened at NLMK LA LOUVIERE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- GIOVANNI BORINELLI stepped down as director. NBB
- MARIA STAROSTINA stepped down as director. NBB
- WALLONIE ENTREPRENDRE SA stepped down as director. NBB
- SEBASTIEN DURIEUX stepped down as director. NBB
- HORACIO MALFATTO stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 106.8 million. filed late Source: NBB ↗
- GIOVANNI BORINELLI became a director. NBB
- CORNELIUS LOUWRENS stepped down as director. NBB
In short
From € 119.2 million loss in 2022 to € 106.8 million loss in 2025.
Paid € 362,654 in corporate taxes since 2022.
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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
The shares are held by NLMK BELGIUM HOLDINGS SA (100%) and NLMK CLABECQ SA (0%). It owns 100% of TUBES DE HAREN ET NIMY itself.
Directors
According to the 2025 annual accounts
SEBASTIEN DURIEUX
Director
Also active at: NLMK JEMAPPES STEEL CENTER, NLMK CLABECQ, NLMK MANAGE STEEL CENTER, NLMK BELGIUM HOLDINGS, NLMK PLATE SALES, NLMK SALES EUROPE
since 2022 · until 2028
since 2022 · until 2028
CORNELIUS LOUWRENS
Chairman of the board
since 2020 · until 2026
since 2026 · until 2032
MARIA STAROSTINA
Director
since 2023 · until 2029
Director · represented by SARAH KRINS
Owns 49% via NLMK BELGIUM HOLDINGS SA
Also active at: Aciéries Somville, FRANKI, Fonderies J. Marichal Ketin et Cie, TUBES DE HAREN ET NIMY, SOGESTIMMO, T. PALM, PLASTURGIE LAZZERINI, KLIEMO +46 more
since 2023 · until 2029
Shareholders
NLMK BELGIUM HOLDINGS SA · holding of WALLONIE ENTREPRENDRE SA
100%
Participations
Establishments
Establishment units
Physical locations of this company
Rue des Rivaux(L.L) 2
7100 La Louvière
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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.
Details
- Company number
- 0417.374.172
- VAT number
- BE 0417.374.172
- Registered office
- Rue des Rivaux(L.L) 2, 7100 La Louvière
- Names & denominations
- NLMK LA LOUVIERE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 July 1976
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Vervaardiging van ijzer en staal en van ferrolegeringen