ACTIVE

Heidelberg Materials Benelux

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Financial year 2025 · Closed on 31/12/2025

Net result108,5 M €+86,4 %over 1 year
Revenue602,9 M €-5,0 %over 1 year
Equity688,8 M €-4,0 %over 1 year
Workforce1 350,8 ETP-3,3 %over 1 year

Identity

Source · BCE/KBO

Heidelberg Materials Benelux is a Public limited company incorporated in 1929. Its main activity is: Manufacture of cement. Its registered office is in Braine-l'Alleud. It employs on average 1 350,8 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0400.465.290
Incorporation
18/06/1929
Legal form
Public limited company
Registered office
Boulevard de France 3-5
1420 Braine-l'Alleud · WallonieSee on map
Contributed capital
331 950 520,03 €
Latest accounts
31/12/2025
Average workforce
1 350,8 ETP
Joint committees (8)
  • 102
  • 106
  • 10601
  • 124
  • 139
  • 140
  • 200
  • 218
Signals
ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 43 filings

Trend over 19 financial years

20252024202320222021
Income statement
Revenue602,9 M €634,6 M €668,8 M €663,5 M €568,3 M €
EBITDA82,9 M €100,2 M €111,4 M €40,9 M €62,1 M €
Operating result54,5 M €66,7 M €81,5 M €15,8 M €40,6 M €
Net result108,5 M €58,2 M €91,3 M €162,5 M €66,2 M €
Balance sheet
Equity688,8 M €717,7 M €919,2 M €828 M €1,1 Md €
Total assets1,1 Md €1,1 Md €1,2 Md €1,5 Md €1,3 Md €
Cash46,7 k €53,6 k €405,3 k €1,6 M €886,3 k €
Debts325,4 M €367,3 M €215,7 M €622,9 M €191,5 M €
Other
Workforce1 350,8 ETP1 396,4 ETP1 443,7 ETP1 370,6 ETP1 460,5 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 500 M€ and 1.000 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 28 ended

Active mandates

Gunnar Ullrich

Managing director · since 01 mai 2025 · until 30 avril 2031

Active
Efstathios LAZARIDIS

Director · since 02 octobre 2023 · until 01 octobre 2029

Active
Christoph STREICHER

Managing director · since 14 juin 2022 · until 31 mars 2025

Active
René ALDACH

Director · since 01 septembre 2021 · until 05 mai 2027

Active
Jonathan MORRISH

Director · since 20 août 2020 · until 16 juin 2026

Active

Ended mandates

Christoph STREICHER

Managing director · since 14 juin 2022 · until 03 mai 2028

Ended
Jonathan MORRISH

Director · since 01 janvier 2020 · until 16 juin 2022

Ended
Nathalie ULRICH

Director · since 18 juin 2019 · until 19 juin 2025

Ended
Sunnira LY

Director · since 18 juin 2019 · until 31 décembre 2023

Ended

Other companies at this address

Boulevard de France 3-5 1420 Braine-l'Alleud
CompanyCBE no.
DAIICHI SANKYO BELGIUM● Active
0458.596.402
FONDS DE PREVOYANCE CBR - VOORZORGSFONDS CBR● Active
0409.607.640
OFP fonds de pension pour le personnel ouvrier de la SA Cimenterie CBR relevant de la sous-commission paritaire pour les fabriques de ciment.● Active
0432.326.129

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date24/06/202624/11/202503/07/202511/07/202306/07/202224/06/2021
General meeting10/06/202611/06/202512/06/202429/06/202314/06/202223/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 43 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202510/06/202624/06/2026FrenchPDF
Full modelCorrection31/12/202411/06/202524/11/2025FrenchPDF
Full model31/12/202411/06/202503/07/2025FrenchPDF
Consolidated accounts31/12/202415/05/202525/08/2025FrenchPDF
Full modelCorrection31/12/202312/06/202403/07/2025FrenchPDF
Full model31/12/202312/06/202412/07/2024FrenchPDF
Consolidated accounts31/12/202316/05/202412/07/2024FrenchPDF
Full model31/12/202229/06/202311/07/2023FrenchPDF
Consolidated accounts31/12/202211/05/202318/07/2023FrenchPDF
Full model31/12/202114/06/202206/07/2022FrenchPDF
Consolidated accounts31/12/202112/05/202201/08/2022FrenchPDF
Full model31/12/202023/06/202124/06/2021FrenchPDF
Full model31/12/201920/08/202010/11/2020FrenchPDF
Full model31/12/201817/06/201911/07/2019FrenchPDF
Full model31/12/201715/06/201818/06/2018DutchPDF
Full model31/12/201715/06/201818/06/2018FrenchPDF
Full model31/12/201616/06/201718/07/2017DutchPDF
Full model31/12/201616/06/201705/07/2017FrenchPDF
Full model31/12/201516/06/201616/06/2016DutchPDF
Full model31/12/201516/06/201616/06/2016FrenchPDF
Full model31/12/201416/06/201522/06/2015FrenchPDF
Full model31/12/201416/06/201522/06/2015DutchPDF
Full model31/12/201325/06/201428/07/2014DutchPDF
Full modelCorrection31/12/201325/06/201428/07/2014FrenchPDF

View all 43 filings

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 M€ and 1.000 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 28 ended

Active mandates

Gunnar Ullrich

Managing director · since 01 mai 2025 · until 30 avril 2031

Active
Efstathios LAZARIDIS

Director · since 02 octobre 2023 · until 01 octobre 2029

Active
Christoph STREICHER

Managing director · since 14 juin 2022 · until 31 mars 2025

Active
René ALDACH

Director · since 01 septembre 2021 · until 05 mai 2027

Active
Jonathan MORRISH

Director · since 20 août 2020 · until 16 juin 2026

Active

Ended mandates

Christoph STREICHER

Managing director · since 14 juin 2022 · until 03 mai 2028

Ended
Jonathan MORRISH

Director · since 01 janvier 2020 · until 16 juin 2022

Ended
Nathalie ULRICH

Director · since 18 juin 2019 · until 19 juin 2025

Ended
Sunnira LY

Director · since 18 juin 2019 · until 31 décembre 2023

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Other24/09/2026
    —
    PDF
  • Mandates01/12/2025
    DEMISSIONS, NOMINATIONS - CAPITAL, ACTIONS
    PDF
  • Mandates13/11/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates09/10/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates22/07/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates19/06/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates03/06/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates09/05/2025
    DEMISSIONS, NOMINATIONS
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025108,5 M €↑
  2. 11/08/2025
    nominationULLRICH Gunnar — Administrateur délégué / General Manager Benelux
  3. 26/05/2025
    nominationULLRICH Gunnar — Administrateur délégué / General Manager Benelux
  4. 01/05/2025
    nominationGunnar ULLRICH — administrateur
  5. 01/05/2025
    nominationGunnar ULLRICH — administrateur-délégué
  6. 01/04/2025
    nominationE. LAZARIDIS — pouvoir de représentation générale de la Société
  7. 2024
    Annual accounts 202458,2 M €↓
  8. 01/07/2024
    nominationAmaury Dujardin — représentant permanent du commissaire
  9. 2023
    Annual accounts 202391,3 M €↓
  10. 02/10/2023
    nominationEfstathios LAZARIDIS — administrateur
  11. 29/06/2023
    nominationMarc Daelman — commissaire
  12. 2023
    Name changeHeidelberg Materials Benelux SA
  13. 2022
    Annual accounts 2022162,5 M €↑
  14. 14/06/2022
    reconductionChristoph STREICHER — bestuurder
  15. 14/06/2022
    reconductionChristoph STREICHER — administrateur
  16. 2022
    Name changeCBR Cimenteries SA
  17. 2021
    Annual accounts 202166,2 M €↓
  18. 01/09/2021
    nominationRené ALDACH — bestuurder
  19. 01/09/2021
    nominationRené ALDACH — administrateur
  20. 2021
    Name changeCIMENTERIES CBR CEMENTBEDRIJVEN
  21. 2020
    Annual accounts 202085,7 M €↓
  22. 2019
    Annual accounts 2019133,9 M €↓
  23. 17/06/2019
    nominationEY Sunnira — administrateur
  24. 17/06/2019
    nominationLY Sunnira — administrateur
  25. 2018
    Annual accounts 2018911,1 M €↑
  26. 2017
    Annual accounts 201790,7 M €↑
  27. 20/01/2017
    nominationSTREICHER Christoph — administrateur
  28. 2016
    Annual accounts 2016-25,9 M €↑
  29. 2015
    Annual accounts 2015-62,6 M €↓
  30. 2014
    Annual accounts 2014115,5 M €↑
  31. 2013
    Annual accounts 2013-3,6 M €↑
  32. 2012
    Annual accounts 2012-8,2 M €↓
  33. 2011
    Annual accounts 20116,1 M €↓
  34. 2010
    Annual accounts 201016,5 M €↑
  35. 2009
    Annual accounts 20095,2 M €↓
  36. 2008
    Annual accounts 200848,2 M €↓
  37. 2007
    Annual accounts 20072,1 Md €
  38. 18/06/1929
    IncorporationPublic limited company