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 22 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
DUFERCO SPECIAL STEELS (EUROPE) from Brussel, company number BE0462603589, closed financial year 2025 with a result of € -822,082 after tax. For that financial year DUFERCO SPECIAL STEELS (EUROPE) recorded revenue of € 49.8 million and equity of € 7.3 million. Compared with financial year 2024, the result moved from € -577,437 to € -822,082. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on February 19, 2026.
€ 7.3 million
▼ 10% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -822,082
▼ 42 % more loss than in 2024
Profit after tax over the fiscal year.
€ 1.2 million
▼ 43% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 5.5 million.
People and assets in 2025
16.6
▲ 0.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2 million
▲ 6% vs 2024
€ 119,700 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.
€ 210,182
▲ 2% vs 2024
Of which on lease € 154,152.
Debts at end 2025
€ 26.8 million
▼ 3% vs 2024
€ 81,317 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 17 million
▲ 68% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 133 days on average.
€ 323,347
▼ 7% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 65,589,180 | € 65,274,601 | € 55,282,144 | € 49,759,620 | ▼ 10% |
| Profit after taxes | € 2,084,254 | € 330,897 | € -577,437 | € -822,082 | ▼ € 244,645 |
| Equity | € 8,411,917 | € 8,742,814 | € 8,165,377 | € 7,343,295 | ▼ 10% |
| Total debts | € 47,013,068 | € 49,814,071 | € 37,937,928 | € 44,079,817 | ▲ 16% |
| Cash | € 1,940,285 | € 1,919,371 | € 2,175,554 | € 1,238,095 | ▼ 43% |
| Land & buildings | € 480,354 | € 418,372 | € 356,392 | € 294,412 | ▼ 17% |
| Retained profit | € 6,611,917 | € 6,942,814 | € 6,365,377 | € 5,543,295 | ▼ 13% |
| Bank debt | € 29,345,048 | € 32,800,460 | € 27,484,088 | € 26,761,839 | ▼ 3% |
| Balance sheet total | € 55,424,985 | € 58,556,885 | € 46,103,305 | € 51,423,112 | ▲ 12% |
| Employees (FTE) | 13.5 | 16.6 | 15.9 | 16.6 | ▲ 0.7 |
Key figures of DUFERCO SPECIAL STEELS (EUROPE), fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to DUFERCO SPECIAL STEELS (EUROPE)?
What happened at DUFERCO SPECIAL STEELS (EUROPE) in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- ALESSANDRO CASALE stepped down as director. NBB
- SASO KRSTEVSKI stepped down as director. NBB
- JAMES MAY stepped down as director. NBB
- CHRISTIAN DE MORGAN stepped down as director. NBB
- FABRIZIO CANNAVO stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 822,082. Source: NBB ↗
- ALESSANDRO CASALE became a director. NBB
- SASO KRSTEVSKI became a director. NBB
In short
From € 2.1 million profit in 2022 to € 822,082 loss in 2025.
Paid € 158,061 in corporate taxes since 2022.
Best year ever: 2022, with € 2.1 million profit.
Pays suppliers within 133 days on average.
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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
Directors
According to the 2025 annual accounts
SASO KRSTEVSKI
Director
since 2024 · until 2030
ALESSANDRO CASALE
Director
since 2025 · until 2031
JAMES MAY
Director
since 2024 · until 2030
CHRISTIAN DE MORGAN
Chairman of the board
since 2024 · until 2030
FABRIZIO CANNAVO
Managing director
since 2018 · until 2030
Establishments
Establishment units
Physical locations of this company
Vilvoordselaan 298
1130 Brussel
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0462.603.589
- VAT number
- BE 0462.603.589
- Registered office
- Vilvoordselaan 298, 1130 Brussel
- Names & denominations
- DUFERCO SPECIAL STEELS (EUROPE)
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 24 February 1998
- Peppol
- Active · Active since 22 Sept 2025
- Activities · NACE
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