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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Tight liquidity NBB
Cash and receivables cover 31 % of short-term debt in 2026; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2023.
Financials
Financial year 2026
voestalpine SADEF from Hooglede, company number BE0445281963, closed financial year 2026 with a result of € 14.4 million after tax. For that financial year voestalpine SADEF recorded revenue of € 235.3 million and equity of € 29.5 million. Compared with financial year 2025, the result moved from € 13.6 million to € 14.4 million. Profitable, and profit is growing. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 29.5 million
▼ 17% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 14.4 million
▲ 6% vs 2025
Profit after tax over the fiscal year.
€ 8.4 million
▼ 50% vs 2025
Cash and bank balances on the last day of the fiscal year.
€ 20.4 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2026
560
▼ 16.9 vs 2025
Average over the fiscal year, from the social balance sheet.
€ 47.8 million
▲ 5% vs 2025
€ 85,300 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.
€ 3 million
▲ 44% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
€ 4.4 million
▲ 89% vs 2025
Loans from banks and other lenders, long and short.
€ 42.1 million
▲ 12% vs 2025
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 93 days on average.
€ 10.9 million
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Revenue | € 314,483,782 | € 261,915,125 | € 227,558,163 | € 235,293,192 | ▲ 3% |
| Profit after taxes | € 21,403,033 | € 22,803,673 | € 13,592,243 | € 14,407,762 | ▲ 6% |
| Equity | € 35,486,431 | € 35,482,910 | € 35,486,222 | € 29,483,197 | ▼ 17% |
| Total debts | € 90,003,696 | € 82,532,871 | € 69,007,056 | € 75,897,881 | ▲ 10% |
| Cash | € 30,303,013 | € 34,250,737 | € 16,836,909 | € 8,437,378 | ▼ 50% |
| Land & buildings | € 9,903,923 | € 10,184,526 | € 10,562,548 | € 9,551,163 | ▼ 10% |
| Retained profit | € 11,826,578 | € 11,823,057 | € 11,826,370 | € 5,823,344 | ▼ 51% |
| Dividend | € 21,407,947 | € 22,807,195 | € 13,588,930 | € 20,410,787 | ▲ 50% |
| Bank debt | € 4,926,297 | € 4,024,418 | € 2,312,543 | € 4,361,080 | ▲ 89% |
| Balance sheet total | € 130,243,447 | € 122,798,152 | € 108,813,837 | € 107,806,204 | ▼ 1% |
| Employees (FTE) | 612.6 | 600.4 | 576.9 | 560 | ▼ 16.9 |
Key figures of voestalpine SADEF, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to voestalpine SADEF?
What happened at voestalpine SADEF in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Futurum Invest stepped down as director. NBB
- CABAS BV stepped down as director. NBB
- Resch Jürgen stepped down as director. NBB
- Richter Carola stepped down as director. NBB
- Günther Felderer stepped down as director. NBB
- New annual accounts for financial year 2026: profit of € 14.4 million (▲ 6% vs 2025). Source: NBB ↗
- CABAS BV became a director. NBB
- Resch Jürgen became a director. NBB
In short
From € 21.4 million profit in 2023 to € 14.4 million profit in 2026.
Paid € 24.1 million in corporate taxes since 2023.
Best year ever: 2024, with € 22.8 million profit.
Paid out € 78.2 million in dividends to the owners in total.
Management
The shares are held by Voestalpine Metal Forming GmbH (100%). It owns 100% of Voestalpine Prazisionsprofil GMBH and 90% of Sadef France NV itself.
Directors
According to the 2026 annual accounts
Administrator-manager · represented by Vandewaetere Patrick
since 2020 · until 2025
Richter Carola
Chairman of the board
since 2024 · until 2030
Administrator-manager · represented by Verbrugge Peter
since 2020 · until 2031
Administrator-manager · represented by Casteleyn Mike
since 2025 · until 2031
Resch Jürgen
Director
since 2025 · until 2031
Günther Felderer
Director
since 2022 · until 2028
Shareholders
Voestalpine Metal Forming GmbH
100%
Participations
Voestalpine Prazisionsprofil GMBH
100%
Sadef France NV
90%
Establishments
Establishment units
Physical locations of this company
Bruggesteenweg 200
8830 Hooglede
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0445.281.963
- VAT number
- BE 0445.281.963
- Registered office
- Bruggesteenweg 200, 8830 Hooglede
- Names & denominations
- voestalpine SADEF
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 25 September 1991
- Peppol
- Active · Active since 13 Nov 2025
- Activities · NACE
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