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.
Financials
Financial year 2025
ArcelorMittal Belgium Recycling from Gent, company number BE0795572521, closed financial year 2025 with a result of € -2 million after tax. For that financial year ArcelorMittal Belgium Recycling recorded revenue of € 30.3 million and equity of € 896,599. Compared with financial year 2024, the result moved from € -2.9 million to € -2 million. The company made a loss. The buffer shrank hard: equity is 69 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 22, 2026.
€ 896,599
▼ 69% 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.
€ 809,220
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -5.8 million.
People and assets in 2025
162.3
▼ 0.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 15.7 million
▲ 11% vs 2024
€ 97,000 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.
€ 7.8 million
▼ 17% vs 2024
Of which on lease € 691,856.
Debts at end 2025
€ 8.6 million
▲ € 7.7 million vs 2024
€ 214,845 is repaid this year. At this pace the long-term loan is gone in ≈ 40 years.
€ 7.3 million
▲ 63% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 155 days on average.
€ 2.3 million
▲ 5% vs 2024
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Revenue | € 18,279,346 | € 26,761,759 | € 30,265,644 | ▲ 13% |
| Profit after taxes | € -881,867 | € -2,890,889 | € -1,980,643 | ▲ € 910,246 |
| Equity | € 5,768,133 | € 2,877,244 | € 896,599 | ▼ 69% |
| Total debts | € 10,327,163 | € 13,608,409 | € 18,494,854 | ▲ 36% |
| Cash | € 113,687 | - | € 809,220 | |
| Land & buildings | € 405,146 | € 292,784 | € 155,893 | ▼ 47% |
| Retained profit | € -881,867 | € -3,772,756 | € -5,753,401 | ▼ € 2 million |
| Bank debt | € 1,225,991 | € 901,550 | € 8,648,822 | ▲ € 7.7 million |
| Balance sheet total | € 16,236,397 | € 16,616,601 | € 19,505,919 | ▲ 17% |
| Employees (FTE) | 157 | 163.1 | 162.3 | ▼ 0.8 |
Key figures of ArcelorMittal Belgium Recycling, fiscal years 2023 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 ArcelorMittal Belgium Recycling?
What happened at ArcelorMittal Belgium Recycling in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Frederik Engels stepped down as director. NBB
- Matthias Vandamme stepped down as director. NBB
- Petra Verlodt stepped down as director. NBB
- ArcelorMittal Holding and Services Belgium NV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 2 million. Source: NBB ↗
- Frouke Lambert stepped down as director. NBB
- Matthias Vandamme became a director. NBB
- Frederik Engels became a director. NBB
In short
From € 881,867 loss in 2023 to € 2 million loss in 2025.
Paid € 4,682 in corporate taxes since 2023.
Pays suppliers within 155 days on average.
Management
The shares are held by ARCELORMITTAL HOLDING AND SERVICES BELGIUM (100%).
Directors
According to the 2025 annual accounts
since 2025 · until 2028
Frouke Lambert
Director
since 2022 · until 2025
Matthias Vandamme
Director
since 2025 · until 2028
Petra Verlodt
Director
since 2022 · until 2028
ArcelorMittal Holding and Services Belgium NV
Director · represented by Erwin De Meyst
Also active at: ARCELORMITTAL BELGIUM, ArcelorMittal Logistics Belgium, ArcelorMittal Tailored Blanks Liège, C-Shift, RETRIMEUSE, ARCEO, ArcelorMittal Tailored Blanks Gent, ArcelorMittal Tailored Blanks
since 2022 · until 2028
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
John Kennedylaan 51
9042 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
- 0795.572.521
- VAT number
- BE 0795.572.521
- Registered office
- John Kennedylaan 51, 9042 Gent
- Names & denominations
- ArcelorMittal Belgium Recycling · AMBER
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 December 2022
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Groothandel in ijzer- en staalschroot en in oude non-ferrometalen
Logistieke diensten
Overige vervoerondersteunende activiteiten
Diensten in verband met vervoer te land