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.
Financials
Financial year 2025
NLMK BELGIUM HOLDINGS from La Louvière, company number BE0473110669, closed financial year 2025 with a result of € -74 million after tax. For that financial year NLMK BELGIUM HOLDINGS recorded revenue of € 31.6 million and equity of € 318.9 million. Compared with financial year 2024, the result moved from € -130.6 million to € -74 million. The company made a loss. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on September 4, 2026.
€ 318.9 million
▲ 50% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -74 million
▲ 43 % less loss than in 2024
Profit after tax over the fiscal year.
€ 6.9 million
▼ 56% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -76.1 million.
People and assets in 2025
72.3
▼ 9.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 16.9 million
▲ 6% vs 2024
€ 233,800 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.
Debts at end 2025
€ 331.3 million
▼ 18% vs 2024
Loans from banks and other lenders, long and short.
€ 7.2 million
▲ 46% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 139 days on average.
€ 4.8 million
▲ 10% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 24,045,974 | € 29,640,072 | € 33,254,241 | € 31,550,822 | ▼ 5% |
| Profit after taxes | € 3,403,163 | € -139,510,478 | € -130,635,631 | € -74,018,181 | ▲ € 56.6 million |
| Equity | € 221,084,948 | € 233,574,469 | € 212,938,838 | € 318,920,657 | ▲ 50% |
| Total debts | € 464,523,860 | € 346,482,956 | € 434,875,872 | € 369,717,371 | ▼ 15% |
| Cash | € 4,502,128 | € 5,519,718 | € 15,686,366 | € 6,884,839 | ▼ 56% |
| Retained profit | € -110,915,052 | € -250,425,531 | € -137,061,162 | € -76,079,343 | ▲ € 61 million |
| Bank debt | € 454,172,281 | € 324,386,161 | € 402,824,480 | € 331,285,019 | ▼ 18% |
| Balance sheet total | € 685,608,807 | € 580,057,425 | € 647,814,710 | € 688,723,804 | ▲ 6% |
| Employees (FTE) | 81.6 | 81.6 | 82.2 | 72.3 | ▼ 9.9 |
Key figures of NLMK BELGIUM HOLDINGS, 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 NLMK BELGIUM HOLDINGS?
What happened at NLMK BELGIUM HOLDINGS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- GIOVANNI BORINELLI stepped down as director. NBB
- BAREND DE VOS stepped down as director. NBB
- WALLONIE ENTREPRENDRE SA stepped down as director. NBB
- SEBASTIEN DURIEUX stepped down as director. NBB
- HORACIO MALFATTO stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 74 million. filed late Source: NBB ↗
- GIOVANNI BORINELLI became a director. NBB
- WALLONIE ENTREPRENDRE SA became a director. NBB
In short
From € 3.4 million profit in 2022 to € 74 million loss in 2025.
Paid € 5.9 million in corporate taxes since 2022.
Best year ever: 2022, with € 3.4 million profit.
Pays suppliers within 139 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 shares are held by NLMK INTERNATIONAL SRL (49%), Wallonie Entreprendre SA (49%) and TUBE DE HAREN ET NIMY SA (2%). It owns 100% of NLMK COATING, 100% of NLMK Verona, 100% of NLMK DISTRIBUTION FRANCE, 100% of NLMK South Africa (PTY) LTD, 100% of NLMK SPAIN STEEL SL and 100% of NLMK DEUTSCHLAND GmbH itself.
Directors
According to the 2025 annual accounts
SEBASTIEN DURIEUX
Director
Also active at: NLMK LA LOUVIERE, NLMK JEMAPPES STEEL CENTER, NLMK CLABECQ, NLMK MANAGE STEEL CENTER, NLMK PLATE SALES, NLMK SALES EUROPE
since 2022 · until 2028
since 2022 · until 2028
BAREND DE VOS
Chairman of the board
since 2023 · until 2029
since 2024 · until 2030
Director · represented by Sarah Krins
Also active at: Aciéries Somville, FRANKI, Fonderies J. Marichal Ketin et Cie, TUBES DE HAREN ET NIMY, SOGESTIMMO, T. PALM, NLMK LA LOUVIERE, PLASTURGIE LAZZERINI +46 more
since 2023 · until 2029
Shareholders
Participations
100%
NLMK Verona
100%
NLMK South Africa (PTY) LTD
100%
NLMK SPAIN STEEL SL
100%
NLMK DEUTSCHLAND GmbH
100%
NLMK South América Comércio de Aço Ltda
100%
NLMK DANSTEEL A/S
100%
100%
100%
100%
100%
Establishments
Establishment units
Physical locations of this company
Rue des Rivaux(L.L) 2
7100 La Louvière
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 0473.110.669
- VAT number
- BE 0473.110.669
- Registered office
- Rue des Rivaux(L.L) 2, 7100 La Louvière
- Names & denominations
- NLMK BELGIUM HOLDINGS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 October 2000
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Managementactiviteiten van holdings
Activiteiten van holdings
Administratieve en ondersteunende activiteiten ten behoeve van kantoren
Financiële holdings
Holdings
Diverse administratieve activiteiten ten behoeve van kantoren
Overige financiële dienstverlening, neg
Overige activiteiten i .v.m. administratie, n.e.g.