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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Shrinking team NBB
FTE fell two years in a row, from 130.8 to 109.3.
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Figures corrected NBB
Corrected annual account filed for 2022.
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Busy address KBO
52 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2024
EUROPEAN OWENS CORNING FIBERGLAS from Watermaal-Bosvoorde, company number BE0426240170, closed financial year 2024 with a result of € 27.2 million after tax. For that financial year EUROPEAN OWENS CORNING FIBERGLAS recorded revenue of € 490.9 million and equity of € 221 million. Compared with financial year 2023, the result moved from € 4.4 million to € 27.2 million. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 24, 2025.
€ 221 million
▲ 14% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 27.2 million
▲ € 22.8 million vs 2023
Profit after tax over the fiscal year.
€ 406 million
▲ 10% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 114.5 million.
People and assets in 2024
109.3
▼ 15.2 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 17.1 million
▼ 13% vs 2023
€ 156,100 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.
€ 5.6 million
▲ 186% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 456.2 million
▲ 2% vs 2023
Loans from banks and other lenders, long and short.
€ 131.1 million
▲ 12% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 102 days on average.
€ 5.7 million
▲ 13% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 589,350,412 | € 670,725,120 | € 524,883,324 | € 490,901,197 | ▼ 6% |
| Profit after taxes | € 52,986,399 | € 26,777,311 | € 4,399,391 | € 27,224,192 | ▲ € 22.8 million |
| Equity | € 233,921,487 | € 189,342,108 | € 193,741,499 | € 220,965,691 | ▲ 14% |
| Total debts | € 358,510,496 | € 457,287,952 | € 568,402,904 | € 593,088,022 | ▲ 4% |
| Cash | € 132,020,778 | € 228,473,815 | € 369,803,229 | € 406,045,590 | ▲ 10% |
| Land & buildings | € 766,523 | € 888,908 | € 997,214 | € 1,039,193 | ▲ 4% |
| Retained profit | € 127,448,098 | € 82,868,719 | € 87,268,110 | € 114,492,302 | ▲ 31% |
| Dividend | € 0 | € 71,356,690 | € 0 | € 0 | |
| Bank debt | € 216,768,922 | € 330,871,242 | € 445,851,192 | € 456,249,418 | ▲ 2% |
| Balance sheet total | € 592,988,509 | € 647,229,033 | € 762,661,490 | € 814,544,347 | ▲ 7% |
| Employees (FTE) | 130.8 | 130.8 | 124.5 | 109.3 | ▼ 15.2 |
Key figures of EUROPEAN OWENS CORNING FIBERGLAS, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to EUROPEAN OWENS CORNING FIBERGLAS?
What happened at EUROPEAN OWENS CORNING FIBERGLAS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 27.2 million (▲ € 22.8 million vs 2023). Source: NBB ↗
- DAMIEN ZAHER became a director. NBB
- James Weber stepped down as director. NBB
- James Weber became a director. NBB
- CLAIRE DAGOMMER became a director. NBB
- XAVIER NOTARD became a director. NBB
- New establishment in Watermaal-Bosvoorde. KBO
- Start of the company according to the CBE. KBO
In short
From € 53 million profit in 2021 to € 27.2 million profit in 2024.
Paid € 22.1 million in corporate taxes since 2021.
Best year ever: 2021, with € 53 million profit.
Paid out € 71.4 million in dividends to the owners in total.
A new publication or filing at EUROPEAN OWENS CORNING FIBERGLAS? 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
Behind EUROPEAN OWENS CORNING FIBERGLAS are CLAIRE DAGOMMER, XAVIER NOTARD and DAMIEN ZAHER. It owns 100% of PITTSBURGH CORNING EUROPE NV and 84% of OCV Chambery France itself.
Directors
According to the 2024 annual accounts
CLAIRE DAGOMMER
Director
since 2017
XAVIER NOTARD
Director
since 2017
DAMIEN ZAHER
Director
since 2024
James Weber
Director
since 2023 · until 2024
Establishments
Establishment units
Physical locations of this company
Terhulpsesteenweg 166
1170 Watermaal-Bosvoorde
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 52 companies are registered at this address.
All companies at this address →HLB LEGAL SERVICES
€ 8,327 gross margin · 2025
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Chambre des Urbanistes de Belgique
IM Ultrasonic Belgium
€ -11,018 gross margin · 2025
AGENCE ET PROMOTION IMMOBILIERES
€ 28,264 gross margin · 2025
+47 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0426.240.170
- VAT number
- BE 0426.240.170
- Registered office
- Terhulpsesteenweg 166, 1170 Watermaal-Bosvoorde
- Names & denominations
- EUROPEAN OWENS CORNING FIBERGLAS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 September 1984
- Peppol
- Active · Active since 15 Jan 2026
- Activities · NACE
Handelsbemiddeling in de groothandel in andere specifieke goederen
Handelsbemiddeling gespecialiseerd in overige goederen, n.e.g.