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 52 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
HYDRO EXTRUSION LICHTERVELDE from Lichtervelde, company number BE0460274304, closed financial year 2025 with a result of € -6.5 million after tax. For that financial year HYDRO EXTRUSION LICHTERVELDE recorded revenue of € 198.7 million and equity of € 30.5 million. Compared with financial year 2024, the result moved from € -990,554 to € -6.5 million. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 19, 2026.
€ 30.5 million
▼ 18% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -6.5 million
▼ 555 % more loss than in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € 13.6 million.
People and assets in 2025
209.9
▼ 6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 19.4 million
▼ 3% vs 2024
€ 92,200 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.
€ 13,506
▼ 36% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 7.7 million
▼ 40% vs 2024
Loans from banks and other lenders, long and short.
€ 31.6 million
▼ 7% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 62 days on average.
€ 2.9 million
▼ 6% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 260,910,412 | € 189,715,545 | € 191,442,596 | € 198,700,735 | ▲ 4% |
| Profit after taxes | € 18,190,822 | € 3,351,248 | € -990,554 | € -6,487,491 | ▼ € 5.5 million |
| Equity | € 59,609,664 | € 37,960,913 | € 36,970,359 | € 30,482,868 | ▼ 18% |
| Total debts | € 38,561,791 | € 36,373,330 | € 50,344,251 | € 42,457,673 | ▼ 16% |
| Cash | € 29,751,860 | € 14,756,088 | - | - | |
| Land & buildings | € 4,413,988 | € 4,040,583 | € 3,820,591 | € 3,848,035 | ▲ 1% |
| Retained profit | € 42,769,127 | € 21,120,375 | € 20,129,822 | € 13,642,331 | ▼ 32% |
| Dividend | € 0 | € 25,000,000 | € 0 | € 0 | |
| Bank debt | € 0 | € 0 | € 12,844,933 | € 7,712,788 | ▼ 40% |
| Balance sheet total | € 98,409,704 | € 74,519,981 | € 87,456,611 | € 72,944,079 | ▼ 17% |
| Employees (FTE) | 215.1 | 218.9 | 215.9 | 209.9 | ▼ 6 |
Key figures of HYDRO EXTRUSION LICHTERVELDE, 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 HYDRO EXTRUSION LICHTERVELDE?
What happened at HYDRO EXTRUSION LICHTERVELDE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Tobias Müller stepped down as director. NBB
- Brecht Romaen stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 6.5 million. Source: NBB ↗
- Sacha Brandt stepped down as director. NBB
- Tobias Müller became a director. NBB
- Yann Beck stepped down as director. NBB
- Sacha Brandt became a director. NBB
- Yann Beck became a director. NBB
In short
From € 18.2 million profit in 2022 to € 6.5 million loss in 2025.
Paid € 5.6 million in corporate taxes since 2022.
Best year ever: 2022, with € 18.2 million profit.
Paid out € 25 million in dividends to the owners in total.
Management
The shares are held by Hydro Extruded solutions AB (100%). It owns 52.1% of Hydro Allease itself.
Directors
According to the 2025 annual accounts
Tobias Müller
Chairman of the board, Managing director
since 2025 · until 2031
Brecht Romaen
Managing director
since 2018 · until 2028
since 2024 · until 2025
Yann Beck
Director
since 2023 · until 2025
Shareholders
Hydro Extruded solutions AB
100%
Participations
52.1%
Establishments
Establishment units
Physical locations of this company
Kortemarkstraat 52
8810 Lichtervelde
Rue des Ayettes 12
7011 Mons
Active since 27 March 1997
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0460.274.304
- VAT number
- BE 0460.274.304
- Registered office
- Kortemarkstraat 52, 8810 Lichtervelde
- Names & denominations
- HYDRO EXTRUSION LICHTERVELDE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 24 March 1997
- Peppol
- Active · Active since 27 Nov 2025
- Activities · NACE
Productie van aluminium
Eerste verwerking van aluminium