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

Activities (NACE)

23510Manufacture of cement· main 23510Manufacture of cement 26510Manufacture of instruments and appliances for measuring, testing and navigation 08111Quarrying of ornamental and building stone, limestone, gypsum, chalk and slate 08111Quarrying of ornamental and building stone, limestone, gypsum, chalk and slate 36000Water collection, treatment and supply+4

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

	2025		2024		2023		2022		2021
Income statement
Revenue	602,9 M €	-5.0%	634,6 M €	-5.1%	668,8 M €	+0.8%	663,5 M €	+16.7%	568,3 M €
EBITDA	82,9 M €	-17.3%	100,2 M €	-10.1%	111,4 M €	+172%	40,9 M €	-34.1%	62,1 M €
Operating result	54,5 M €	-18.2%	66,7 M €	-18.2%	81,5 M €	+414%	15,8 M €	-61.0%	40,6 M €
Net result	108,5 M €	+86.4%	58,2 M €	-36.2%	91,3 M €	-43.8%	162,5 M €	+145%	66,2 M €
Balance sheet
Equity	688,8 M €	-4.0%	717,7 M €	-21.9%	919,2 M €	+11.0%	828 M €	-22.3%	1,1 Md €
Total assets	1,1 Md €	-6.4%	1,1 Md €	-3.9%	1,2 Md €	-21.2%	1,5 Md €	+14.8%	1,3 Md €
Cash	46,7 k €	-12.8%	53,6 k €	-86.8%	405,3 k €	-74.3%	1,6 M €	+77.8%	886,3 k €
Debts	325,4 M €	-11.4%	367,3 M €	+70.3%	215,7 M €	-65.4%	622,9 M €	+225%	191,5 M €
Other
Workforce	1 350,8 ETP	-3.3%	1 396,4 ETP	-3.3%	1 443,7 ETP	+5.3%	1 370,6 ETP	-6.2%	1 460,5 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

3 active · 14 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Gunnar Ullrich	Managing director01/05/2025 → 30/04/2031
Efstathios LAZARIDIS	Director02/10/2023 → 01/10/2029
René ALDACH	Director01/09/2021 → 05/05/2027

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Christoph STREICHER	Managing director14/06/2022 → 03/05/2028
Jonathan MORRISH	Director01/01/2020 → 16/06/2026

Other companies at this address

Boulevard de France 3-5 1420 Braine-l'Alleud

Company	CBE 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

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	24/06/2026	24/11/2025	03/07/2025	11/07/2023	06/07/2022	24/06/2021
General meeting	10/06/2026	11/06/2025	12/06/2024	29/06/2023	14/06/2022	23/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 43 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	10/06/2026	24/06/2026	French	PDF
Full modelCorrection	31/12/2024	11/06/2025	24/11/2025	French	PDF
Full model	31/12/2024	11/06/2025	03/07/2025	French	PDF
Consolidated accounts	31/12/2024	15/05/2025	25/08/2025	French	PDF
Full modelCorrection	31/12/2023	12/06/2024	03/07/2025	French	PDF
Full model	31/12/2023	12/06/2024	12/07/2024	French	PDF
Consolidated accounts	31/12/2023	16/05/2024	12/07/2024	French	PDF
Full model	31/12/2022	29/06/2023	11/07/2023	French	PDF
Consolidated accounts	31/12/2022	11/05/2023	18/07/2023	French	PDF
Full model	31/12/2021	14/06/2022	06/07/2022	French	PDF
Consolidated accounts	31/12/2021	12/05/2022	01/08/2022	French	PDF
Full model	31/12/2020	23/06/2021	24/06/2021	French	PDF
Full model	31/12/2019	20/08/2020	10/11/2020	French	PDF
Full model	31/12/2018	17/06/2019	11/07/2019	French	PDF
Full model	31/12/2017	15/06/2018	18/06/2018	Dutch	PDF
Full model	31/12/2017	15/06/2018	18/06/2018	French	PDF
Full model	31/12/2016	16/06/2017	18/07/2017	Dutch	PDF
Full model	31/12/2016	16/06/2017	05/07/2017	French	PDF
Full model	31/12/2015	16/06/2016	16/06/2016	Dutch	PDF
Full model	31/12/2015	16/06/2016	16/06/2016	French	PDF
Full model	31/12/2014	16/06/2015	22/06/2015	French	PDF
Full model	31/12/2014	16/06/2015	22/06/2015	Dutch	PDF
Full model	31/12/2013	25/06/2014	28/07/2014	Dutch	PDF
Full modelCorrection	31/12/2013	25/06/2014	28/07/2014	French	PDF
Full model	31/12/2013	25/06/2014	15/07/2014	French	PDF
Full model	31/12/2012	14/06/2013	19/07/2013	Dutch	PDF
Full model	31/12/2012	14/06/2013	19/07/2013	French	PDF
Full model	31/12/2011	29/06/2012	12/07/2012	Dutch	PDF
Full model	31/12/2011	29/06/2012	12/07/2012	French	PDF
Full model	31/12/2010	22/06/2011	07/07/2011	Dutch	PDF
Full model	31/12/2010	22/06/2011	07/07/2011	French	PDF
Full model	31/12/2009	28/06/2010	30/06/2010	Dutch	PDF
Full model	31/12/2009	28/06/2010	30/06/2010	French	PDF
Full model	31/12/2008	29/06/2009	01/07/2009	Dutch	PDF
Full model	31/12/2008	29/06/2009	01/07/2009	French	PDF
Full model	31/12/2007	16/06/2008	17/06/2008	French	PDF
Full model	31/12/2007	16/06/2008	17/06/2008	Dutch	PDF
Consolidated accounts	31/12/2007	08/05/2008	31/07/2008	Dutch	PDF
Consolidated accounts	31/12/2007	08/05/2008	31/07/2008	French	PDF
Full model	31/12/2006	25/06/2007	11/07/2007	Dutch	PDF
Full model	31/12/2006	25/06/2007	11/07/2007	French	PDF
Consolidated accounts	31/12/2006	09/05/2007	26/07/2007	French	PDF
Consolidated accounts	31/12/2006	09/05/2007	26/07/2007	Dutch	PDF

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

3 active · 14 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Gunnar Ullrich	Managing director01/05/2025 → 30/04/2031
Efstathios LAZARIDIS	Director02/10/2023 → 01/10/2029
René ALDACH	Director01/09/2021 → 05/05/2027

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Christoph STREICHER	Managing director14/06/2022 → 03/05/2028
Jonathan MORRISH	Director01/01/2020 → 16/06/2026

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

Source · CBE, NBB annual accounts

Year

Identity

Incorporation1929

Name

Registered office

Annual accounts

Filings19 filings

Mandates

Gunnar Ullrich

Efstathios LAZARIDIS

René ALDACH

Christoph STREICHER

Jonathan MORRISH

Sunnira LY

Nathalie ULRICH

Lorenz NAGER

Daniel GAUTHIER

Jean-Marc JUNON

Ralph Dominik VON ACHTEN

Pascal LESOINNE

and 5 more mandates

196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028202920302031

Heidelberg Materials Benelux

Boulevard de France 3-5, 1420 Braine-l'Alleud

Managing director

Director

Managing directorChairman of the board of directorsDirector

Director

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Boulevard de France 3-5, 1420 Braine-l'AlleudCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00199924

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
Heidelberg Materials BeneluxCurrent	accounts 2023 → 2025	Accounts 2025 · 2026-00199924
CBR Cimenteries SA	accounts 2022	Accounts 2022 · 2023-00233385
CIMENTERIES CBR CEMENTBEDRIJVEN	accounts 2021	Accounts 2021 · 2022-20163001

Events

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

Heidelberg Materials Benelux

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline

Registered offices

Company names

Events