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Affinerie de la Meuse

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Financial year 2025 · Closed on 31/12/2025

Net result23,1 k €-12,5 %over 1 year

Gross margin357,1 k €-22,6 %over 1 year

Equity1,2 M €+2,0 %over 1 year

Workforce5,1 ETP-7,3 %over 1 year

Identity

Source · BCE/KBO

Affinerie de la Meuse is a Public limited company incorporated in 1954. Its main activity is: Manufacture of basic iron and steel and of ferro-alloys. Its registered office is in Andenne. It employs on average 5,1 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0401.431.332
Incorporation: 01/01/1954
Legal form: Public limited company
Registered office: Rue André Renard 5B
5300 Andenne · WallonieSee on map
Contributed capital: 99 157,41 €
Latest accounts: 31/12/2025
Average workforce: 5,1 ETP

Activities (NACE)

24100Manufacture of basic iron and steel and of ferro-alloys· main 24100Manufacture of basic iron and steel and of ferro-alloys 24540Casting of other non-ferrous metals 24540Casting of other non-ferrous metals 27100Manufacture of electric motors, generators, transformers and electricity distribution and control apparatus 27540Manufacture of domestic appliances

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	357,1 k €	-22.6%	461,5 k €	+129%	201,5 k €	-55.9%	457,2 k €	-29.9%	651,9 k €
EBITDA	92,1 k €	+4.4%	88,2 k €	+164%	-138,5 k €	-193%	149,7 k €	-57.8%	354,9 k €
Operating result	37,3 k €	+7.8%	34,6 k €	+120%	-175,3 k €	-263%	107,3 k €	-65.4%	310,2 k €
Net result	23,1 k €	-12.5%	26,4 k €	+115%	-179,3 k €	-270%	105,5 k €	-65.8%	308,7 k €
Balance sheet
Equity	1,2 M €	+2.0%	1,2 M €	+2.3%	1,2 M €	-13.5%	1,3 M €	+8.6%	1,2 M €
Total assets	1,7 M €	+7.5%	1,5 M €	+7.0%	1,4 M €	-14.7%	1,7 M €	+8.8%	1,6 M €
Cash	310,8 k €	+991%	28,5 k €	-89.1%	262 k €	+42.7%	183,6 k €	-61.7%	478,8 k €
Debts	455,7 k €	+25.6%	362,9 k €	+25.8%	288,4 k €	-19.1%	356,5 k €	+9.5%	325,6 k €
Other
Workforce	5,1 ETP	-7.3%	5,5 ETP	+7.8%	5,1 ETP	+4.1%	4,9 ETP	-16.9%	5,9 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 18 ended

Active mandates

DARSARE

Director · since 01 février 2025 · 1019.981.229

Represented by Laurent GILLIOT

Active

Ended mandates

ERIC CLOSE

Director · since 14 avril 2022 · until 16 mai 2023

Ended

ERIC CLOSE

Director · since 14 avril 2022 · until 05 juin 2028

Ended

FABIENNE CLOSE

Director · since 14 avril 2022 · until 14 avril 2025

Ended

FABIENNE CLOSE

Director · since 14 avril 2022 · until 05 juin 2028

Ended

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	20/08/2026	26/08/2025	24/05/2024	17/05/2023	15/04/2022	31/08/2021
General meeting	17/08/2026	21/08/2025	23/05/2024	16/05/2023	14/04/2022	27/08/2021
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, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	17/08/2026	20/08/2026	French	PDF
Abridged model	31/12/2024	21/08/2025	26/08/2025	French	PDF
Abridged model	31/12/2023	23/05/2024	24/05/2024	French	PDF
Abridged model	31/12/2022	16/05/2023	17/05/2023	French	PDF
Abridged model	31/12/2021	14/04/2022	15/04/2022	French	PDF
Abridged model	31/12/2020	27/08/2021	31/08/2021	French	PDF
Abridged model	31/12/2019	21/12/2020	22/12/2020	French	PDF
Abridged model	31/12/2018	27/08/2019	28/08/2019	French	PDF
Abridged model	31/12/2017	18/09/2018	19/09/2018	French	PDF
Abridged model	31/12/2016	28/06/2017	29/06/2017	French	PDF
Abridged model	31/12/2015	30/06/2016	01/07/2016	French	PDF
Abridged model	31/12/2014	24/08/2015	25/08/2015	French	PDF
Abridged model	31/12/2013	28/08/2014	29/08/2014	French	PDF
Abridged model	31/12/2012	23/07/2013	29/07/2013	French	PDF
Abridged model	31/12/2011	25/06/2012	03/07/2012	French	PDF
Abridged model	31/12/2010	20/06/2011	21/06/2011	French	PDF
Abridged model	31/12/2009	07/06/2010	08/06/2010	French	PDF
Abridged model	31/12/2008	01/06/2009	30/06/2009	French	PDF
Abridged model	31/12/2007	02/06/2008	03/06/2008	French	PDF
Abridged model	31/12/2006	04/06/2007	05/06/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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

1 active · 18 ended

Active mandates

DARSARE

Director · since 01 février 2025 · 1019.981.229

Represented by Laurent GILLIOT

Active

Ended mandates

ERIC CLOSE

Director · since 14 avril 2022 · until 16 mai 2023

Ended

ERIC CLOSE

Director · since 14 avril 2022 · until 05 juin 2028

Ended

FABIENNE CLOSE

Director · since 14 avril 2022 · until 14 avril 2025

Ended

FABIENNE CLOSE

Director · since 14 avril 2022 · until 05 juin 2028

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates17/04/2025
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - OBJET - DEMISSIONS, NOMINATIONS
PDF
Mandates16/01/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates27/05/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates22/07/2016
DEMISSIONS, NOMINATIONS
PDF
Capital / shares23/07/2012
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Capital / shares11/01/2012
CAPITAL, ACTIONS
PDF
Mandates18/06/2010
DEMISSIONS, NOMINATIONS
PDF
Mandates20/01/2009
DEMISSIONS, NOMINATIONS
PDF

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

See the Business plan

Timeline

2025
Annual accounts 202523,1 k €↓
2024
Annual accounts 202426,4 k €↑
2023
Annual accounts 2023-179,3 k €↓
2022
Annual accounts 2022105,5 k €↓
2021
Annual accounts 2021308,7 k €↑
2020
Annual accounts 2020-62,3 k €↓
2019
Annual accounts 2019-16,1 k €↓
2018
Annual accounts 201822,4 k €↓
2017
Annual accounts 2017146,1 k €↑
2016
Annual accounts 201612,6 k €↑
2015
Annual accounts 2015-40,9 k €↑
2014
Annual accounts 2014-223,1 k €↑
2013
Annual accounts 2013-491,7 k €↑
2012
Annual accounts 2012-618,1 k €↓
2011
Annual accounts 2011-91,7 k €↑
2010
Annual accounts 2010-144,3 k €↓
2009
Annual accounts 200976,2 k €↓
2008
Annual accounts 2008248,2 k €↓
2007
Annual accounts 2007444,9 k €↓
2006
Annual accounts 2006527 k €
01/01/1954
IncorporationPublic limited company

Affinerie de la Meuse

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

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