ACTIVE

DISTEEL

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Financial year 2025 · closed on 31/12/2025

Net result

-1,2 M €

+0.5% YoY

Revenue

106,6 M €

+10.0% YoY

Equity

15,3 M €

-7.4% YoY

Workforce

88,8 ETP

-4.2% YoY

What does DISTEEL do?

DISTEEL is a Public limited company incorporated in 1923. Its main activity is: Wholesale of metals and metal ores. Its registered office is in Gent. It employs on average 88,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0401.546.445

Incorporation

27/12/1923

Legal form

Public limited company

Registered office

Industrieweg 106
9032 Gent · FlandreSee on map

Contributed capital

14 832 000,00 €

Latest accounts

31/12/2025

Average workforce

88,8 ETP

Activities (NACE)

46720Wholesale of metals and metal ores· main 46820Wholesale trade, except of motor vehicles and motorcycles 51520Air transport

Joint committees (3)

14904
200
218

Signals

Solid equityLow riskGood liquidityPositive EBITDAHealthy social debtsHigh revenue

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Revenue	106,6 M €	+10.0%	96,9 M €	-10.2%	107,9 M €	-30.5%	155,2 M €	+16.1%	133,7 M €	+23.7%	108,1 M €	-29.6%	153,7 M €	-7.3%	165,7 M €	+33.5%	124,1 M €	+14.6%	108,3 M €	-3.4%	112,2 M €	-3.4%	116 M €	+9.3%	106,1 M €	-1.8%	108,1 M €	-10.7%	121 M €	+14.0%	106,1 M €	+16.0%	91,4 M €	-51.2%	187,3 M €
EBITDA	591,3 k €	+257%	-375,8 k €	+90.5%	-4 M €	-131%	12,6 M €	+2.4%	12,3 M €	+455%	-3,5 M €	+19.3%	-4,3 M €	-332%	1,9 M €	+239%	548,6 k €	-82.3%	3,1 M €	+183%	-3,8 M €	+31.4%	-5,5 M €	-85.7%	-3 M €	-126%	-1,3 M €	-220%	1,1 M €	-83.7%	6,7 M €	+492%	-1,7 M €	-117%	10 M €
Operating result	-340,8 k €	+52.3%	-715,1 k €	+81.1%	-3,8 M €	-132%	11,7 M €	-6.9%	12,6 M €	+331%	-5,4 M €	-21.1%	-4,5 M €	-481%	1,2 M €	+175%	428,4 k €	-83.5%	2,6 M €	+164%	-4,1 M €	+29.1%	-5,7 M €	-68.6%	-3,4 M €	-49.9%	-2,3 M €	-466%	618,9 k €	-89.6%	6 M €	+350%	-2,4 M €	-126%	9,1 M €
Net result	-1,2 M €	+0.5%	-1,2 M €	+70.5%	-4,2 M €	-142%	10 M €	-11.9%	11,4 M €	+289%	-6 M €	-16.7%	-5,1 M €	-1061%	535,3 k €	+457%	-149,9 k €	-107%	2,1 M €	+180%	-2,6 M €	+59.5%	-6,4 M €	-53.3%	-4,1 M €	-38.7%	-3 M €	-842%	402,3 k €	-91.8%	4,9 M €	+373%	-1,8 M €	-126%	6,8 M €
Balance sheet
Equity	15,3 M €	-7.4%	16,5 M €	-27.4%	22,8 M €	-15.5%	26,9 M €	+59.3%	16,9 M €	+206%	5,5 M €	-52.1%	11,5 M €	-30.9%	16,7 M €	+3.3%	16,1 M €	-0.9%	16,3 M €	+14.5%	14,2 M €	-15.3%	16,8 M €	-27.4%	23,1 M €	-15.2%	27,3 M €	-9.9%	30,3 M €	+1.3%	29,9 M €	+19.5%	25 M €	-25.6%	33,6 M €
Total assets	33,1 M €	-7.3%	35,7 M €	-12.3%	40,7 M €	-16.2%	48,5 M €	+16.5%	41,6 M €	+64.9%	25,3 M €	-32.3%	37,3 M €	-19.6%	46,4 M €	+7.0%	43,3 M €	+22.3%	35,4 M €	+1.3%	35 M €	-4.3%	36,5 M €	-19.2%	45,2 M €	+9.8%	41,1 M €	-7.6%	44,5 M €	+3.3%	43,1 M €	+6.7%	40,4 M €	-36.5%	63,7 M €
Cash	17 k €	-41.3%	29 k €	+6.6%	27,2 k €	-84.7%	177,7 k €	-99.1%	19,7 M €	+375%	4,2 M €	+3831%	105,6 k €	-57.0%	245,4 k €	-96.8%	7,6 M €	-26.9%	10,4 M €	+1.8%	10,2 M €	-0.3%	10,3 M €	-40.5%	17,3 M €	+0.7%	17,2 M €	-3.2%	17,7 M €	+9.7%	16,1 M €	+49668%	32,4 k €	-56.9%	75,2 k €
Debts	17,4 M €	-9.3%	19,1 M €	+7.0%	17,9 M €	-15.9%	21,3 M €	-12.2%	24,2 M €	+26.2%	19,2 M €	-24.8%	25,5 M €	-14.0%	29,7 M €	+10.4%	26,9 M €	+47.5%	18,2 M €	-7.3%	19,7 M €	+5.0%	18,7 M €	-14.0%	21,8 M €	+61.8%	13,5 M €	-4.3%	14,1 M €	+10.5%	12,7 M €	-15.0%	15 M €	-48.9%	29,3 M €
Other
Workforce	88,8 ETP	-4.2%	92,7 ETP	-8.8%	101,6 ETP	-2.1%	103,8 ETP	-6.7%	111,2 ETP	-18.5%	136,5 ETP	-13.4%	157,7 ETP	-2.0%	160,9 ETP	-5.6%	170,5 ETP	-6.1%	181,5 ETP	-1.4%	184,0 ETP	-7.2%	198,2 ETP	+11.5%	177,7 ETP	-6.9%	190,9 ETP	-4.1%	199,0 ETP	-0.9%	200,9 ETP	-6.6%	215,0 ETP	-6.1%	229,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 51 ended

Active mandates

Paul TETTEROO

Chairman of the board of directors · since 10 juin 2024 · until 12 juin 2028

Active

AMDS HOLDING BELGIUM

Director · since 01 août 2022 · until 12 juin 2028 · 0771.541.166

Represented by Jorgen Spietael

Active

Michael TIMMERMANS

Director · since 03 juin 2019 · until 12 juin 2028

Active

Ended mandates

AMDS HOLDING BELGIUM

Director · since 01 août 2022 · until 15 mai 2028 · 0771.541.166

Represented by Jorgen Spietael

Ended

ARCELORMITTAL HOLDING AND SERVICES BELGIUM

Director · since 01 juin 2020 · until 03 juin 2022 · 0429.496.204

Represented by Francis Lefèvre

Ended

Cees DE GRAAF

Director · since 03 juin 2019 · until 16 mai 2022

Ended

Cees DE GRAAF

Director · since 03 juin 2019 · until 03 juin 2022

Ended

Annual accounts

Full financial information

	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	09/06/2026	17/06/2025	14/06/2024	12/06/2023	09/06/2022	09/06/2021
General meeting	08/06/2026	09/06/2025	10/06/2024	05/06/2023	03/06/2022	31/05/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	08/06/2026	09/06/2026	Dutch	PDF
Full model	31/12/2024	09/06/2025	17/06/2025	Dutch	PDF
Full model	31/12/2023	10/06/2024	14/06/2024	Dutch	PDF
Full model	31/12/2022	05/06/2023	12/06/2023	Dutch	PDF
Full model	31/12/2021	03/06/2022	09/06/2022	Dutch	PDF
Full model	31/12/2020	31/05/2021	09/06/2021	Dutch	PDF
Full model	31/12/2019	01/06/2020	11/06/2020	Dutch	PDF
Full model	31/12/2018	03/06/2019	21/06/2019	Dutch	PDF
Full model	31/12/2017	04/06/2018	13/06/2018	Dutch	PDF
Full model	31/12/2016	30/06/2017	03/07/2017	Dutch	PDF
Full model	31/12/2015	02/06/2016	08/06/2016	Dutch	PDF
Full model	31/12/2014	18/05/2015	23/06/2015	Dutch	PDF
Full model	31/12/2013	19/05/2014	24/06/2014	Dutch	PDF
Full model	31/12/2012	03/06/2013	24/06/2013	Dutch	PDF
Full model	31/12/2011	04/06/2012	15/06/2012	Dutch	PDF
Full model	31/12/2010	06/06/2011	21/06/2011	Dutch	PDF
Full model	31/12/2009	07/06/2010	16/06/2010	Dutch	PDF
Full model	31/12/2008	18/05/2009	16/06/2009	Dutch	PDF
Full model	31/12/2007	19/05/2008	19/06/2008	Dutch	PDF
Full model	31/12/2006	21/05/2007	19/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 51 ended

Active mandates

Paul TETTEROO

Chairman of the board of directors · since 10 juin 2024 · until 12 juin 2028

Active

AMDS HOLDING BELGIUM

Director · since 01 août 2022 · until 12 juin 2028 · 0771.541.166

Represented by Jorgen Spietael

Active

Michael TIMMERMANS

Director · since 03 juin 2019 · until 12 juin 2028

Active

Ended mandates

AMDS HOLDING BELGIUM

Director · since 01 août 2022 · until 15 mai 2028 · 0771.541.166

Represented by Jorgen Spietael

Ended

ARCELORMITTAL HOLDING AND SERVICES BELGIUM

Director · since 01 juin 2020 · until 03 juin 2022 · 0429.496.204

Represented by Francis Lefèvre

Ended

Cees DE GRAAF

Director · since 03 juin 2019 · until 16 mai 2022

Ended

Cees DE GRAAF

Director · since 03 juin 2019 · until 03 juin 2022

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates04/12/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/11/2024
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares29/10/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Capital / shares29/10/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - CAPITAL, ACTIONS
PDF
Other23/05/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ALGEMENE VERGADERING
PDF
Other23/05/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - ASSEMBLEE GENERALE
PDF
Mandates19/03/2024
ONTSLAGEN - BENOEMINGEN
PDF
Registered office07/08/2023
MAATSCHAPPELIJKE ZETEL
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 2025-1,2 M €↑
30/10/2025
nominationEvelien De Groote — commissaris
09/06/2025
reconductionMichael Timmermans — bestuurder
09/06/2025
reconductionEY Bedrijfsrevisoren BV — commissaris
2024
Annual accounts 2024-1,2 M €↑
25/10/2024
reduction_capital
10/06/2024
nominationPaul Tetteroo — bestuurder en voorzitter van de Raad van Bestuur
02/05/2024
nominationChia Wei Ho — lid van het management comité belast met het dagelijks bestuur
2023
Annual accounts 2023-4,2 M €↓
01/09/2023
nominationPaul Tetteroo — lid van het management comité
2022
Annual accounts 202210 M €↓
01/08/2022
nominationJorgen Spietael — vaste vertegenwoordiger van AMDS Holding Belgium NV (bestuurder)
03/06/2022
reconductionPatrick Meessen — bestuurder
03/06/2022
reconductionMichael Timmermans — bestuurder
03/06/2022
reconductionCees de Graaf — bestuurder
03/06/2022
reconductionFrancis Lefèvre — vertegenwoordiger van ArcelorMittal Holding and Services Belgium
03/06/2022
nominationLieve Cornelis — commissaris (vertegenwoordiger van Ernst & Young Bedrijfsrevisoren BV)
03/05/2022
nominationTheo Zweers — lid van het management comité
2021
Annual accounts 202111,4 M €↑
2020
Annual accounts 2020-6 M €↓
2019
Annual accounts 2019-5,1 M €↓
2018
Annual accounts 2018535,3 k €↑
2017
Annual accounts 2017-149,9 k €↓
2016
Annual accounts 20162,1 M €↑
2015
Annual accounts 2015-2,6 M €↑
2014
Annual accounts 2014-6,4 M €↓
2013
Annual accounts 2013-4,1 M €↓
2012
Annual accounts 2012-3 M €↓
2011
Annual accounts 2011402,3 k €↓
2010
Annual accounts 20104,9 M €↑
2009
Annual accounts 2009-1,8 M €↓
2008
Annual accounts 20086,8 M €
27/12/1923
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

DISTEEL

Overview

What does DISTEEL do?

Trend over 18 financial years

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