Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 2 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 3 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 2.5 to 1.
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Busy address KBO
23 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
EUROPEAN STEEL DISTRIBUTION from Antwerpen, company number BE0473279826, closed financial year 2025 with a result of € -1.5 million after tax. For that financial year EUROPEAN STEEL DISTRIBUTION recorded revenue of € 5.7 million and equity of € -2.2 million. Compared with financial year 2024, the result moved from € -2 million to € -1.5 million. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 10, 2026.
€ -2.2 million
▼ € 1.5 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.5 million
▲ 25 % less loss than in 2024
Profit after tax over the fiscal year.
€ 62,210
▼ 54% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2.9 million.
People and assets in 2025
1
▼ 0.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 101,033
▼ 43% vs 2024
€ 101,000 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
€ 10.6 million
▼ 19% vs 2024
€ 113,435 is repaid this year. At this pace the long-term loan is gone in ≈ 27 years.
€ 91,600
▼ 64% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 5 days on average.
€ 25,941
▼ 29% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 36,878,313 | € 19,061,085 | € 14,363,747 | € 5,686,685 | ▼ 60% |
| Profit after taxes | € 1,360,495 | € -1,540,010 | € -2,039,617 | € -1,523,922 | ▲ € 515,694 |
| Equity | € 2,856,703 | € 1,316,693 | € -722,924 | € -2,246,846 | ▼ € 1.5 million |
| Total debts | € 7,833,961 | € 18,312,669 | € 13,516,990 | € 10,827,920 | ▼ 20% |
| Cash | € 861,563 | € 48,790 | € 135,859 | € 62,210 | ▼ 54% |
| Land & buildings | € 686,865 | € 658,260 | € 629,655 | € 601,050 | ▼ 5% |
| Retained profit | € 2,226,703 | € 686,693 | € -1,352,924 | € -2,876,846 | ▼ € 1.5 million |
| Dividend | € 358,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 6,899,606 | € 17,293,954 | € 13,082,073 | € 10,616,698 | ▼ 19% |
| Balance sheet total | € 10,690,663 | € 19,629,362 | € 12,794,066 | € 8,581,073 | ▼ 33% |
| Employees (FTE) | 3 | 2.5 | 1.9 | 1 | ▼ 0.9 |
Key figures of EUROPEAN STEEL DISTRIBUTION, 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 STEEL DISTRIBUTION?
What happened at EUROPEAN STEEL DISTRIBUTION in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 1.5 million. Source: NBB ↗
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
In short
From € 1.4 million profit in 2022 to € 1.5 million loss in 2025.
Paid € 463,009 in corporate taxes since 2022.
Best year ever: 2022, with € 1.4 million profit.
Paid out € 358,000 in dividends to the owners in total.
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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
Behind EUROPEAN STEEL DISTRIBUTION are AT BV and Maxim Tytskiy.
Directors
According to the 2025 annual accounts
Director · represented by Alexander Trigubko
Maxim Tytskiy
Director
Establishments
Establishment units
Physical locations of this company
Frankrijklei 5 box 401
2000 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 23 companies are registered at this address.
All companies at this address →The World Trade Center Association of Antwerp|Flanders
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€ 394 gross margin · 2025
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€ -6,246 gross margin · 2025
ITECH
€ -14,475 gross margin · 2025
+18 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Certifications & Partners
Hosting & Email
Email provider
Microsoft 365
Hosting
GOOGLE - Google LLC, US
DNS
Cloudflare DNS
Domain
Domain
esd-steel.com
Registered
2007-10-22
Registrar
NameWeb BVBA
Expires
2026-10-22
Website info
Features
Security
Details
- Company number
- 0473.279.826
- VAT number
- BE 0473.279.826
- Registered office
- Frankrijklei 5 bus 401, 2000 Antwerpen
- Names & denominations
- EUROPEAN STEEL DISTRIBUTION · ESD
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 15 November 2000
- Peppol
- Active · Active since 21 Oct 2025
- Contact
- esd-steel.com
- Activities · NACE
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