Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 12.1 to 2.9.
Financials
Financial year 2025
STEELINVEST from Antwerpen, company number BE0475849633, closed financial year 2025 with a result of € 1.2 million after tax. For that financial year STEELINVEST recorded revenue of € 194.9 million and equity of € 23.7 million. Compared with financial year 2024, the result moved from € 2.3 million to € 1.2 million. The company is profitable. 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 March 20, 2026.
€ 23.7 million
▲ 13% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.2 million
▼ 50% vs 2024
Profit after tax over the fiscal year.
€ 581,385
▼ 54% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 11.9 million.
People and assets in 2025
2.9
▼ 2.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 493,462
▼ 22% vs 2024
€ 170,200 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.
€ 172,484
▲ 18% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 17.2 million
▲ 108% vs 2024
€ 41,918 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 10.3 million
▼ 23% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 19 days on average.
€ 94,346
▼ 34% vs 2024
Taxes, VAT and social contributions still to pay.
Want to see how much further we take a dossier in the Pro version? Open the free De Lijn example and give feedback →
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 272,513,932 | € 258,643,501 | € 186,471,864 | € 194,910,795 | ▲ 5% |
| Profit after taxes | € 3,903,080 | € 4,473,301 | € 2,323,142 | € 1,168,443 | ▼ 50% |
| Equity | € 17,514,953 | € 20,499,985 | € 20,864,079 | € 23,662,902 | ▲ 13% |
| Total debts | € 26,120,606 | € 52,866,011 | € 24,980,151 | € 28,926,291 | ▲ 16% |
| Cash | € 286,436 | € 1,859,275 | € 1,256,005 | € 581,385 | ▼ 54% |
| Land & buildings | € 472,134 | € 414,974 | € 366,839 | - | |
| Retained profit | € 12,137,589 | € 13,117,391 | € 10,821,088 | € 11,918,731 | ▲ 10% |
| Dividend | € 0 | € 3,360,000 | € 4,501,446 | € 0 | ▼ 100% |
| Bank debt | € 4,892,985 | € 20,584,094 | € 8,252,545 | € 17,157,988 | ▲ 108% |
| Balance sheet total | € 43,635,559 | € 73,365,997 | € 45,844,231 | € 52,589,193 | ▲ 15% |
| Employees (FTE) | 11.3 | 12.1 | 5.6 | 2.9 | ▼ 2.7 |
Key figures of STEELINVEST, 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 STEELINVEST?
What happened at STEELINVEST in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- NoMath Solutions BV stepped down as director. NBB
- VS PARTNERS BV stepped down as director. NBB
- Chilebelle Comm. V. stepped down as director. NBB
- L&K consult BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 1.2 million (▼ 50% vs 2024). Source: NBB ↗
- NoMath Solutions BV became a director. NBB
- VS PARTNERS BV became a director. NBB
- Chilebelle Comm. V. became a director. NBB
In short
From € 3.9 million profit in 2022 to € 1.2 million profit in 2025.
Paid € 4.2 million in corporate taxes since 2022.
Best year ever: 2023, with € 4.5 million profit.
Paid out € 7.9 million in dividends to the owners in total.
A new publication or filing at STEELINVEST? We notify you, reason included.
Follow STEELINVESTDatabakkes Pro
Know what changes at your customers, suppliers and competitors. Without reading an annual account.
- Follow them in one folder Every company in your folder gets this full dossier: household book, all fiscal years, benchmark against companies of the same size.
- We alert you, with the reason New annual account, Official Gazette publication or status change: you get what changed and where it says so.
- In bulk too, and in ChatGPT and Claude Upload your customer list and get the warning signs back per company. Or ask in your own AI assistant, with this register as the source.
Databakkes Pro is being built. Sign up now and you are first in line for an invitation, with a month to try without a credit card.
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 STEELINVEST GROUP HOLDING comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
STEELINVESTThe shares are held by STEELINVEST GROUP HOLDING (100%). It owns 100% of Steelinvest Italia s.r.l., 100% of Steelinvest International Inc., 100% of Steelinvest Europe NV and 95% of Steel IG Mexico SA DE CV itself.
Directors
According to the 2025 annual accounts
Director · represented by Vincent Cobbaert
Also active at: STEELINVEST EUROPE, STEELINVEST GROUP HOLDING, GCA LOGISTICS
since 2023 · until 2029
Director · represented by Steven Rymenans
Also active at: STEELINVEST EUROPE, GCA LOGISTICS
since 2023 · until 2029
Director · represented by Mathew Cobbaert
Also active at: STEELINVEST EUROPE, STEELINVEST GROUP HOLDING
since 2023 · until 2029
Director · represented by Louise Cobbaert
Also active at: STEELINVEST EUROPE, STEELINVEST GROUP HOLDING
since 2023 · until 2029
Shareholders
Participations
Steelinvest Italia s.r.l.
100%
Steelinvest International Inc.
100%
Steel IG Mexico SA DE CV
95%
Establishments
Establishment units
Physical locations of this company
Kattendijkdok-Westkaai 51B box 12.01
2000 Antwerpen
Kattendijkdok-Westkaai 51 box 1201
2000 Antwerpen
Active since 18 October 2001
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0475.849.633
- VAT number
- BE 0475.849.633
- Registered office
- Kattendijkdok-Westkaai 51B bus 12.01, 2000 Antwerpen
- Names & denominations
- STEELINVEST
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 12 October 2001
- Peppol
- Active · Active since 2 Jan 2026
- Activities · NACE
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Overige adviesbureaus op het gebied van bedrijfsvoering en beheer
Groothandel in metalen en metaalertsen
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering