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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Figures corrected NBB
Corrected annual account filed for 2023.
Financials
Financial year 2025
HYDROMETAL from Engis, company number BE0427416939, closed financial year 2025 with a result of € -2.2 million after tax. For that financial year HYDROMETAL recorded revenue of € 18.2 million and equity of € 6.9 million. Compared with financial year 2024, the result moved from € 182,621 to € -2.2 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 June 8, 2026.
€ 6.9 million
▼ 25% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2.2 million
▼ still € 182,621 profit in 2024
Profit after tax over the fiscal year.
€ 180,397
▼ 15% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 6.1 million.
People and assets in 2025
113.4
▲ 5.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 9.4 million
▲ 8% vs 2024
€ 83,100 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.
€ 1 million
▼ 31% vs 2024
Of which on lease € 788,160.
Debts at end 2025
€ 4.9 million
▲ € 3.8 million vs 2024
€ 383,205 is repaid this year. At this pace the long-term loan is gone in ≈ 13 years.
€ 7.3 million
▲ 70% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 256 days on average.
€ 2 million
▼ 2% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 20,628,268 | € 20,863,940 | € 19,976,328 | € 18,206,109 | ▼ 9% |
| Profit after taxes | € 2,144,520 | € 1,570,812 | € 182,621 | € -2,240,958 | ▼ € 2.4 million |
| Equity | € 8,077,999 | € 9,147,165 | € 9,235,566 | € 6,925,851 | ▼ 25% |
| Total debts | € 11,763,823 | € 12,459,708 | € 11,986,988 | € 17,344,804 | ▲ 45% |
| Cash | € 223,245 | € 226,174 | € 212,686 | € 180,397 | ▼ 15% |
| Land & buildings | € 569,048 | € 445,219 | € 420,440 | € 415,595 | ▼ 1% |
| Retained profit | € 6,962,360 | € 8,133,172 | € 8,304,794 | € 6,063,835 | ▼ 27% |
| Dividend | € 600,000 | € 400,000 | € 11,000 | € 0 | ▼ 100% |
| Bank debt | € 2,189,815 | € 2,232,465 | € 1,118,218 | € 4,895,581 | ▲ € 3.8 million |
| Balance sheet total | € 20,156,711 | € 21,921,761 | € 21,390,153 | € 24,369,802 | ▲ 14% |
| Employees (FTE) | 96.5 | 105.1 | 107.5 | 113.4 | ▲ 5.9 |
Key figures of HYDROMETAL, 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 HYDROMETAL?
What happened at HYDROMETAL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 2.2 million (▼ € 2.4 million vs 2024). Source: NBB ↗
- DJIVAN DJIERDJIAN stepped down as director. NBB
- CYBELLE SA stepped down as director. NBB
- SILAR SAS stepped down as director. NBB
- BART WOUTERS stepped down as director. NBB
- MARC COLLIN stepped down as director. NBB
- PHILIPPE HENRY stepped down as director. NBB
- SILOX SA stepped down as director. NBB
In short
From € 2.1 million profit in 2022 to € 2.2 million loss in 2025.
Paid € 10,029 in corporate taxes since 2022.
Best year ever: 2022, with € 2.1 million profit.
Paid out € 1 million in dividends to the owners in total.
Management
The stake of Jean Goldschmidt International, SOCIETE INDUSTRIELLE LIEGEOISE DES OXYDES comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
HYDROMETALThe shares are held by Jean Goldschmidt International (95%) and SOCIETE INDUSTRIELLE LIEGEOISE DES OXYDES (5%). It owns 9.1% of REVERSE METALLURGY sc itself.
Directors
According to the 2025 annual accounts
since 2025 · until 2026
Chairman of the board · represented by Jean-Christophe BOGAERT
Owns 3% via SOCIETE INDUSTRIELLE LIEGEOISE DES OXYDES
Also active at: Jean Goldschmidt International, SOCIETE INDUSTRIELLE LIEGEOISE DES OXYDES, SILOX BELGIUM, FUTERRO
since 2024 · until 2026
since 2023 · until 2026
since 2023 · until 2026
MARC COLLIN
Director
Also active at: Jean Goldschmidt International, SOCIETE INDUSTRIELLE LIEGEOISE DES OXYDES
since 2023 · until 2026
PHILIPPE HENRY
Director
Also active at: Jean Goldschmidt International, Centre technologique international de la Terre et de la Pierre, GepHyd Consulting
since 2023 · until 2026
Director · represented by OLIVIER DUCHESNE
Also active at: Jean Goldschmidt International, SILOX BELGIUM
since 2024 · until 2026
since 2024 · until 2026
Shareholders
SOCIETE INDUSTRIELLE LIEGEOISE DES OXYDES · holding of CYBELLE SA
5%
Participations
Establishments
Establishment units
Physical locations of this company
Rue du Parc industriel sn
4480 Engis
Rue du Parc industriel
4480 Engis
Active since 1 August 1985
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0427.416.939
- VAT number
- BE 0427.416.939
- Registered office
- Rue du Parc industriel sn, 4480 Engis
- Names & denominations
- HYDROMETAL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 24 June 1985
- Peppol
- Active · Active since 19 Sept 2025
- Activities · NACE
Vervaardiging van overige anorganische chemische basisproducten
Vervaardiging van andere anorganische chemische basisproducten
Coating van metalen
Oppervlaktebehandeling en bekleding van metaal
Oppervlaktebehandeling van metalen