Financials
Financial year 2025
METUBEL from La Louvière, company number BE0435230783, closed financial year 2025 with a result of € 2.1 million after tax. For that financial year METUBEL recorded revenue of € 21.6 million and equity of € 5.2 million. Compared with financial year 2024, the result moved from € 1.5 million to € 2.1 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 11, 2026.
€ 5.2 million
▲ 11% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2.1 million
▲ 41% vs 2024
Profit after tax over the fiscal year.
€ 729,525
▼ 29% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1.6 million paid out
75 % of the profit went to the shareholders, mostly to Société de Gestion Industrielle (100 % of the shares). That is where the money ends up.
People and assets in 2025
155.9
▲ 12.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 9.6 million
▲ 17% vs 2024
€ 61,800 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.
€ 1.9 million
▲ 22% vs 2024
Of which on lease € 358,994.
Debts at end 2025
€ 2.3 million
▼ 10% vs 2024
€ 1.1 million is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 914,258
▼ 5% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 45 days on average.
€ 2.4 million
▲ 51% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 14,088,391 | € 16,306,029 | € 18,646,653 | € 21,587,864 | ▲ 16% |
| Profit after taxes | € 772,045 | € 916,344 | € 1,478,897 | € 2,087,226 | ▲ 41% |
| Equity | € 3,825,364 | € 4,276,727 | € 4,653,624 | € 5,173,350 | ▲ 11% |
| Total debts | € 4,678,216 | € 4,854,925 | € 6,744,355 | € 7,898,503 | ▲ 17% |
| Cash | € 1,218,015 | € 668,565 | € 1,027,180 | € 729,525 | ▼ 29% |
| Retained profit | € 2,321,133 | € 2,776,727 | € 3,153,624 | € 3,673,350 | ▲ 16% |
| Dividend | € 380,000 | € 460,750 | € 1,102,000 | € 1,567,500 | ▲ 42% |
| Bank debt | € 1,766,925 | € 2,067,927 | € 2,510,539 | € 2,270,443 | ▼ 10% |
| Balance sheet total | € 8,506,636 | € 9,131,652 | € 11,397,979 | € 13,071,853 | ▲ 15% |
| Employees (FTE) | 143.3 | 141 | 143.4 | 155.9 | ▲ 12.5 |
Key figures of METUBEL, 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 METUBEL?
What happened at METUBEL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Olivier MARTIN stepped down as director. NBB
- Myléo SRL stepped down as director. NBB
- Domenico LEONE stepped down as director. NBB
- Société de Gestion Industrielle SA stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 2.1 million (▲ 41% vs 2024). Source: NBB ↗
- Olivier MARTIN became a director. NBB
- Myléo SRL became a director. NBB
- Domenico LEONE became a director. NBB
In short
From € 772,045 profit in 2022 to € 2.1 million profit in 2025.
Paid € 2.2 million in corporate taxes since 2022.
Best year ever: 2025, with € 2.1 million profit.
Paid out € 3.5 million in dividends to the owners in total.
Management
The stake of Société de Gestion Industrielle comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
METUBELThe shares are held by Société de Gestion Industrielle (99.9%).
Directors
According to the 2025 annual accounts
since 2025 · until 2031
Managing director · represented by Romain LEONE
Also active at: Société de Gestion Industrielle, FUSIREF REFRACTORIES, IPRATEC, BELREF, BELGIQUE SERVICES RESIDENTIELS, SEIDYS
since 2025 · until 2031
since 2025 · until 2031
Société de Gestion Industrielle SA
Director · represented by Oriane LEONE
Also active at: FUSIREF REFRACTORIES, IPRATEC, BELREF
since 2025 · until 2031
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Route du Grand Peuplier(S-B) 10
7110 La Louvière
Rue de l'Industrie(HAR) 2
7321 Bernissart
Active since 1 February 2013
Menenstraat 260
7700 Mouscron
Active since 1 July 2019
Rue de l'Industrie(HAR) 13
7321 Bernissart
Active since 1 July 2023
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0435.230.783
- VAT number
- BE 0435.230.783
- Registered office
- Route du Grand Peuplier(S-B) 10, 7110 La Louvière
- Names & denominations
- METUBEL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 5 September 1988
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
Vervaardiging van radiatoren, stoomketels en ketels voor centrale verwarming
Vervaardiging van stoomketels
Bouw van civieltechnische werken voor elektriciteit en telecommunicatie
Aanleg van pijpleidingen, telecommunicatieleidingen en hoogspanningsleidingen
Vervaardiging van stoomketels, exclusief warmwaterketels voor centrale verwarming
Overige bouwinstallatie
Gieten van ijzer
Vervaardiging van gietijzeren buizen
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