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 24 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
THY MARCINELLE from Charleroi, company number BE0437347363, closed financial year 2025 with a result of € -32.3 million after tax. For that financial year THY MARCINELLE recorded revenue of € 405.7 million and equity of € 26.4 million. Compared with financial year 2024, the result moved from € -28.2 million to € -32.3 million. The company made a loss. The buffer shrank hard: equity is 55 % below last year. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 6, 2026.
€ 26.4 million
▼ 55% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -32.3 million
▼ 15 % more loss than in 2024
Profit after tax over the fiscal year.
€ 0
▼ 48% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -12.2 million.
People and assets in 2025
417.7
▼ 52.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 18.1 million
▼ 24% vs 2024
€ 43,400 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.
€ 1.2 million
▼ 53% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 51.2 million
▲ 6% vs 2024
Loans from banks and other lenders, long and short.
€ 41.1 million
▼ 22% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 38 days on average.
€ 5.9 million
▼ 10% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 650,677,940 | € 343,081,408 | € 382,249,405 | € 405,713,357 | ▲ 6% |
| Profit after taxes | € 28,821,655 | € -35,851,131 | € -28,164,274 | € -32,277,737 | ▼ € 4.1 million |
| Equity | € 122,684,418 | € 86,833,288 | € 58,669,014 | € 26,391,277 | ▼ 55% |
| Total debts | € 70,756,756 | € 108,988,021 | € 110,729,283 | € 99,213,451 | ▼ 10% |
| Cash | - | - | € 0 | € 0 | ▼ 48% |
| Land & buildings | € 7,162,701 | € 11,477,353 | € 10,241,400 | € 9,512,782 | ▼ 7% |
| Retained profit | € 84,084,418 | € 48,233,288 | € 20,069,014 | € -12,208,723 | ▼ € 32.3 million |
| Dividend | € 800,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 2,421,716 | € 24,897,846 | € 48,159,766 | € 51,169,915 | ▲ 6% |
| Balance sheet total | € 194,359,577 | € 196,464,503 | € 170,243,232 | € 127,586,356 | ▼ 25% |
| Employees (FTE) | 441.9 | 454.9 | 470.2 | 417.7 | ▼ 52.5 |
Key figures of THY MARCINELLE, 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 THY MARCINELLE?
What happened at THY MARCINELLE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 32.3 million. Source: NBB ↗
- UMBIRIVA SRL stepped down as director. NBB
- Claudio RIVA stepped down as director. NBB
- David VALENTI stepped down as director. NBB
- Claudio RIVA became a director. NBB
- David VALENTI became a director. NBB
- UMBIRIVA SRL became a director. NBB
- New establishment in Charleroi. KBO
In short
From € 28.8 million profit in 2022 to € 32.3 million loss in 2025.
Paid € 9.7 million in corporate taxes since 2022.
Best year ever: 2022, with € 28.8 million profit.
Paid out € 800,000 in dividends to the owners in total.
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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
It owns 0% of TREFILERIES DE FONTAINE L'EVEQUE SA itself.
Directors
According to the 2025 annual accounts
Managing director · represented by Umberto RIVA
Also active at: TREFILERIES DE FONTAINE L'EVEQUE
since 2024 · until 2026
since 2024 · until 2026
since 2024 · until 2026
Establishments
Establishment units
Physical locations of this company
Rue de l'Acier 1
6000 Charleroi
Rue de l'Acier
6000 Charleroi
Active since 12 May 1989
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0437.347.363
- VAT number
- BE 0437.347.363
- Registered office
- Rue de l'Acier 1, 6000 Charleroi
- Names & denominations
- THY MARCINELLE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 26 April 1989
- Peppol
- Active · Active since 24 Oct 2025
- Activities · NACE
Vervaardiging van ijzer en staal en van ferrolegeringen