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
INDUSTEEL Belgium from Charleroi, company number BE0422027402, closed financial year 2025 with a result of € -8.7 million after tax. For that financial year INDUSTEEL Belgium recorded revenue of € 524.6 million and equity of € 81.7 million. Compared with financial year 2024, the result moved from € -4.7 million to € -8.7 million. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 3, 2026.
€ 81.7 million
▼ 10% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -8.7 million
▼ 83 % more loss than in 2024
Profit after tax over the fiscal year.
€ 17.9 million
▲ € 15.2 million vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 69.8 million.
People and assets in 2025
920.1
▼ 28.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 80.4 million
▼ 7% vs 2024
€ 87,400 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.
€ 258,742
▼ 9% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 125 million
Loans from banks and other lenders, long and short.
€ 98.7 million
▲ 5% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 84 days on average.
€ 18.5 million
▼ 21% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 743,203,604 | € 758,068,464 | € 615,652,131 | € 524,582,003 | ▼ 15% |
| Profit after taxes | € 2,773,303 | € 23,892,316 | € -4,746,464 | € -8,687,455 | ▼ € 3.9 million |
| Equity | € 81,491,212 | € 95,270,676 | € 90,464,377 | € 81,679,188 | ▼ 10% |
| Total debts | € 314,227,369 | € 288,958,738 | € 270,616,432 | € 260,114,373 | ▼ 4% |
| Cash | € 6,742,868 | € 16,573,717 | € 2,698,060 | € 17,893,353 | ▲ € 15.2 million |
| Land & buildings | € 12,859,224 | € 12,727,292 | € 13,204,002 | € 13,755,251 | ▲ 4% |
| Retained profit | € 69,329,989 | € 83,222,305 | € 78,475,841 | € 69,788,386 | ▼ 11% |
| Dividend | € 0 | € 10,000,000 | € 0 | € 0 | |
| Bank debt | € 125,165,750 | € 125,000,000 | € 125,000,000 | € 125,000,000 | |
| Balance sheet total | € 413,206,970 | € 406,109,038 | € 384,902,355 | € 364,743,085 | ▼ 5% |
| Employees (FTE) | 911.9 | 916.4 | 948.3 | 920.1 | ▼ 28.2 |
Key figures of INDUSTEEL Belgium, 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 INDUSTEEL Belgium?
What happened at INDUSTEEL Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Rudy DAUBECHIES stepped down as director. NBB
- Christophe JACAMON stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 8.7 million. Source: NBB ↗
- AMDS Holding Belgium SA stepped down as director. NBB
- Rudy DAUBECHIES became a director. NBB
- Christophe JACAMON became a director. NBB
- AMDS Holding Belgium SA became a director. NBB
- New establishment in Charleroi. KBO
In short
From € 2.8 million profit in 2022 to € 8.7 million loss in 2025.
Paid € 8.2 million in corporate taxes since 2022.
Best year ever: 2023, with € 23.9 million profit.
Paid out € 10 million in dividends to the owners in total.
A new publication or filing at INDUSTEEL Belgium? 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
The shares are held by AMDS HOLDING BELGIUM SA (100%). It owns 100% of INDUSTEEL CANADA INC., 100% of INDUSTEEL ASIA PACIFIC PTE, 50% of INDUSTEEL DEUTSCHLAND GMBH and 50% of INDUSTEEL UK Limited itself.
Directors
According to the 2025 annual accounts
Rudy DAUBECHIES
Chairman of the board
since 2025 · until 2028
Director · represented by Francis LEFEVRE
Also active at: DISTEEL, ArcelorMittal ESP, ArcelorMittal Steel Service Centres Liège, ALLIANCE GREEN SERVICES België, Alliance Green Services België Gent, METAL SERVICE CENTER BENELUX
since 2022 · until 2026
Christophe JACAMON
Director
since 2025 · until 2028
Shareholders
Participations
INDUSTEEL CANADA INC.
100%
INDUSTEEL ASIA PACIFIC PTE
100%
Establishments
Establishment units
Physical locations of this company
Rue de Chatelet 266
6030 Charleroi
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0422.027.402
- VAT number
- BE 0422.027.402
- Registered office
- Rue de Chatelet 266, 6030 Charleroi
- Names & denominations
- INDUSTEEL Belgium · FAFER
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 6 October 1981
- Peppol
- Active · Active since 5 Jan 2026
- Activities · NACE
Vervaardiging van ijzer en staal en van ferrolegeringen