Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 39 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
EUROPEAN TECHNO STEEL from Londerzeel, company number BE0467527033, closed financial year 2025 with a result of € -2 million after tax. For that financial year EUROPEAN TECHNO STEEL recorded revenue of € 8.7 million and equity of € 4 million. Compared with financial year 2024, the result moved from € -2.9 million to € -2 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 April 23, 2026.
€ 4 million
▼ 33% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2 million
▲ 31 % less loss than in 2024
Profit after tax over the fiscal year.
€ 11,342
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.1 million.
People and assets in 2025
38.9
▼ 7.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.5 million
▼ 14% vs 2024
€ 63,300 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.
€ 503,201
▲ 6% vs 2024
Of which on lease € 224,289.
Debts at end 2025
€ 209,473
▼ 41% vs 2024
€ 122,420 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 1.7 million
▼ 27% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 83 days on average.
€ 152,364
▼ 40% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 17,051,078 | € 14,537,462 | € 10,514,905 | € 8,653,030 | ▼ 18% |
| Profit after taxes | € 346,954 | € -911,347 | € -2,853,844 | € -1,979,454 | ▲ € 874,390 |
| Equity | € 4,716,124 | € 3,804,777 | € 5,950,933 | € 3,971,479 | ▼ 33% |
| Total debts | € 4,299,308 | € 4,999,743 | € 3,077,676 | € 2,880,220 | ▼ 6% |
| Cash | € 156 | € 0 | - | € 11,342 | |
| Retained profit | € 4,654,124 | € 3,742,777 | € 888,933 | € -1,090,521 | ▼ € 2 million |
| Bank debt | € 946,094 | € 634,455 | € 355,268 | € 209,473 | ▼ 41% |
| Balance sheet total | € 9,034,849 | € 8,823,937 | € 9,028,609 | € 6,951,699 | ▼ 23% |
| Employees (FTE) | 43.9 | 46.3 | 46.8 | 38.9 | ▼ 7.9 |
Key figures of EUROPEAN TECHNO STEEL, 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 EUROPEAN TECHNO STEEL?
What happened at EUROPEAN TECHNO STEEL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Jeremy Hallett stepped down as director. NBB
- Nico Ramstetter stepped down as director. NBB
- Stefanie Hespeel stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 2 million. Source: NBB ↗
- Jeremy Hallett became a director. NBB
- Nico Ramstetter became a director. NBB
- Stefanie Hespeel became a director. NBB
- New establishment in Buggenhout. KBO
In short
From € 346,954 profit in 2022 to € 2 million loss in 2025.
Paid € 336,123 in corporate taxes since 2022.
Best year ever: 2022, with € 346,954 profit.
Pays suppliers within 83 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
The stake of LEVIAT comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
EUROPEAN TECHNO STEELThe shares are held by PAS (100%) and LEVIAT (100%).
Directors
According to the 2025 annual accounts
since 2025 · until 2030
since 2024 · until 2030
since 2025 · until 2031
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Kasteelstraat 47
1840 Londerzeel
Kasteelstraat 160
9255 Buggenhout
Active since 1 September 2006
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
- 0467.527.033
- VAT number
- BE 0467.527.033
- Registered office
- Kasteelstraat 47, 1840 Londerzeel
- Names & denominations
- EUROPEAN TECHNO STEEL · E.T.S.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 November 1999
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Verspanend bewerken van metalen
Vervaardiging van overige producten van metaal, neg
Vervaardiging van overige artikelen van metaal, n.e.g.
Algemene metaalbewerking
Vervaardiging van metalen constructiewerken en delen daarvan
Vervaardiging van ijzer en staal en van ferrolegeringen
Vervaardiging van metalen constructiewerken en onderdelen daarvan