ACTIVE

NMC

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

330,2 k €

-90.6% YoY

Revenue

132,4 M €

-1.2% YoY

Equity

41,9 M €

+0.8% YoY

Workforce

534,5 ETP

-0.2% YoY

What does NMC do?

NMC is a Public limited company incorporated in 1956. Its registered office is in Raeren. It employs on average 534,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0402.469.826

Incorporation

01/12/1956

Legal form

Public limited company

Registered office

Gert-Noël-Strasse O/N
4731 Raeren · WallonieSee on map

Contributed capital

9 239 327,66 €

Latest accounts

31/12/2025

Average workforce

534,5 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	132,4 M €	-1.2%	134,0 M €	-4.3%	140,0 M €	-2.7%	144,0 M €	+11.4%	129,2 M €	+12.0%	115,3 M €	+0.0%	115,3 M €	-2.3%	118,0 M €	+3.2%	114,3 M €	+10.1%	103,9 M €	-1.0%	104,9 M €	-0.3%	105,2 M €	-1.6%	107,0 M €	-0.4%	107,4 M €	+6.6%	100,7 M €	+10.4%	91,2 M €	+9.8%	83,1 M €	-15.2%	98,0 M €	-2.5%	100,4 M €	+5.8%	94,9 M €
EBITDA	22,2 M €	+21.5%	18,3 M €	+35.0%	13,5 M €	-18.6%	16,6 M €	-15.6%	19,7 M €	+8.4%	18,2 M €	+30.9%	13,9 M €	-10.4%	15,5 M €	+13.6%	13,6 M €	+13.4%	12,0 M €	+3.9%	11,6 M €	-7.4%	12,5 M €	+7.1%	11,7 M €	+35.1%	8,6 M €	-9.0%	9,5 M €	+22.7%	7,7 M €	+9.6%	7,1 M €	-27.7%	9,8 M €	-23.3%	12,7 M €	-8.3%	13,9 M €
Operating result	4,9 M €	-39.4%	8,2 M €	-13.3%	9,4 M €	-20.2%	11,8 M €	-21.8%	15,1 M €	+10.6%	13,6 M €	+41.5%	9,6 M €	-3.7%	10,0 M €	+11.6%	9,0 M €	+8.7%	8,2 M €	-5.2%	8,7 M €	-7.4%	9,4 M €	+32.2%	7,1 M €	+28.5%	5,5 M €	+5.5%	5,2 M €	+23.4%	4,2 M €	+18.4%	3,6 M €	-35.2%	5,5 M €	-41.6%	9,5 M €	-13.6%	10,9 M €
Net result	330,2 k €	-90.6%	3,5 M €	-30.7%	5,1 M €	-32.1%	7,5 M €	-28.9%	10,5 M €	+15.2%	9,1 M €	+59.8%	5,7 M €	+10.3%	5,2 M €	+16.1%	4,5 M €	-92.4%	58,8 M €	+1028%	5,2 M €	-56.2%	11,9 M €	+270%	3,2 M €	+97.4%	1,6 M €	-2.0%	1,7 M €	+171%	611,9 k €	-80.3%	3,1 M €	+44.2%	2,2 M €	-95.1%	43,9 M €	+625%	6,1 M €
Balance sheet
Equity	41,9 M €	+0.8%	41,6 M €	+9.2%	38,1 M €	+5.8%	36,0 M €	+26.2%	28,5 M €	+24.0%	23,0 M €	-20.3%	28,9 M €	+24.7%	23,2 M €	+28.8%	18,0 M €	+33.0%	13,5 M €	-67.2%	41,3 M €	+5.7%	39,1 M €	-42.6%	68,0 M €	-1.0%	68,7 M €	-2.9%	70,8 M €	-2.6%	72,6 M €	-3.9%	75,6 M €	+0.5%	75,2 M €	-1.6%	76,4 M €	+112%	36,0 M €
Total assets	90,9 M €	+6.6%	85,3 M €	+16.6%	73,1 M €	-7.3%	78,9 M €	+16.2%	67,9 M €	+13.4%	59,9 M €	-4.0%	62,4 M €	-2.5%	64,0 M €	+3.8%	61,6 M €	-6.7%	66,0 M €	-39.5%	109,1 M €	-0.6%	109,7 M €	-3.0%	113,1 M €	-2.8%	116,3 M €	-1.3%	117,8 M €	+9.2%	107,9 M €	-0.8%	108,8 M €	-5.9%	115,6 M €	+1.2%	114,2 M €	+67.1%	68,3 M €
Cash	376,5 k €	+125%	167,6 k €	+63.3%	102,6 k €	-73.5%	387,4 k €	+82.9%	211,8 k €	+47.1%	144,0 k €	+72.1%	83,7 k €	-10.4%	93,4 k €	-42.9%	163,8 k €	-45.6%	300,8 k €	+96.9%	152,8 k €	-81.3%	817,2 k €	+131%	354,3 k €	+25.6%	282,1 k €	-74.3%	1,1 M €	+83.0%	599,6 k €	-40.0%	998,9 k €	-23.0%	1,3 M €	-14.6%	1,5 M €	-20.8%	1,9 M €
Debts	44,9 M €	+4.8%	42,8 M €	+28.1%	33,4 M €	-18.7%	41,1 M €	+9.7%	37,5 M €	+7.7%	34,8 M €	+11.5%	31,2 M €	-18.8%	38,4 M €	-6.9%	41,2 M €	-16.5%	49,4 M €	-23.5%	64,6 M €	-4.5%	67,6 M €	+57.1%	43,0 M €	-5.7%	45,6 M €	+1.7%	44,9 M €	+46.5%	30,6 M €	+7.2%	28,6 M €	-20.1%	35,8 M €	+10.5%	32,4 M €	+24.7%	26,0 M €
Other
Workforce	534,5 ETP	-0.2%	535,7 ETP	+2.9%	520,6 ETP	+0.6%	517,3 ETP	+7.3%	482,2 ETP	+3.2%	467,2 ETP	-1.6%	474,8 ETP	+0.6%	472,2 ETP	+1.7%	464,1 ETP	+1.4%	457,8 ETP	+3.1%	444,2 ETP	+2.3%	434,2 ETP	+0.5%	432,2 ETP	-1.9%	440,4 ETP	+3.9%	423,8 ETP	+4.4%	406,0 ETP	-0.1%	406,3 ETP	-6.3%	433,6 ETP	+0.9%	429,9 ETP	+5.5%	407,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 58 ended

Active mandates

Cathérine NOËL

Chairman of the board of directors · since 26 avril 2024 · until 07 mai 2027

Active

Florent POUZET

Administrator - manager · since 26 avril 2024 · until 07 mai 2027

Active

Bernard VORHAGEN

Director · since 05 mai 2023 · until 18 octobre 2025

Active

Jean-Pierre MAYERES

Director · since 05 mai 2023 · until 05 mai 2025

Active

Ended mandates

Bernard VORHAGEN

Director · since 05 mai 2023 · until 04 mai 2026

Ended

Hubert BOSTEN

Administrator - manager · since 05 mai 2023 · until 26 avril 2024

Ended

Jean-Pierre MAYERES

Director · since 05 mai 2023 · until 02 mai 2025

Ended

Bernard VORHAGEN

Director · since 04 mai 2020 · until 05 mai 2023

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	25/06/2026	20/05/2025	15/05/2024	24/05/2023	13/05/2022	01/06/2021
General meeting	15/06/2026	05/05/2025	26/04/2024	05/05/2023	06/05/2022	07/05/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

30 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	15/06/2026	25/06/2026	German	PDF
Full model	31/12/2024	05/05/2025	20/05/2025	German	PDF
Full model	31/12/2023	26/04/2024	15/05/2024	German	PDF
Full model	31/12/2022	05/05/2023	24/05/2023	German	PDF
Full model	31/12/2021	06/05/2022	13/05/2022	German	PDF
Full model	31/12/2020	07/05/2021	01/06/2021	German	PDF
Full model	31/12/2019	04/05/2020	28/05/2020	German	PDF
Full model	31/12/2018	03/05/2019	14/05/2019	German	PDF
Full model	31/12/2017	04/05/2018	17/05/2018	German	PDF
Full model	31/12/2016	05/05/2017	17/05/2017	German	PDF
Full model	31/12/2015	09/05/2016	26/05/2016	German	PDF
m120-f-p	31/12/2015	09/05/2016	26/05/2016	English	PDF
Full model	31/12/2014	04/05/2015	29/05/2015	German	PDF
m120-f-p	31/12/2014	04/05/2015	01/06/2015	English	PDF
Full model	31/12/2013	05/05/2014	08/05/2014	German	PDF
m120-f-p	31/12/2013	05/05/2014	16/05/2014	English	PDF
Full model	31/12/2012	06/05/2013	30/05/2013	German	PDF
m120-f-p	31/12/2012	06/05/2013	30/05/2013	English	PDF
Full model	31/12/2011	04/05/2012	30/05/2012	German	PDF
m120-f-p	31/12/2011	04/05/2012	31/05/2012	English	PDF
Full model	31/12/2010	06/05/2011	20/05/2011	German	PDF
m120-f-p	31/12/2010	06/05/2011	20/05/2011	English	PDF
Full model	31/12/2009	07/05/2010	02/06/2010	German	PDF
m120-f-p	31/12/2009	07/05/2010	02/06/2010	English	PDF

View all 30 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 58 ended

Active mandates

Cathérine NOËL

Chairman of the board of directors · since 26 avril 2024 · until 07 mai 2027

Active

Florent POUZET

Administrator - manager · since 26 avril 2024 · until 07 mai 2027

Active

Bernard VORHAGEN

Director · since 05 mai 2023 · until 18 octobre 2025

Active

Jean-Pierre MAYERES

Director · since 05 mai 2023 · until 05 mai 2025

Active

Ended mandates

Bernard VORHAGEN

Director · since 05 mai 2023 · until 04 mai 2026

Ended

Hubert BOSTEN

Administrator - manager · since 05 mai 2023 · until 26 avril 2024

Ended

Jean-Pierre MAYERES

Director · since 05 mai 2023 · until 02 mai 2025

Ended

Bernard VORHAGEN

Director · since 04 mai 2020 · until 05 mai 2023

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other17/09/2026
Unterschriftsbefugnisse
PDF
Mandates05/11/2025
ENTLASSUNG - ERNENNUNG
PDF
Mandates21/06/2024
ENTLASSUNG - ERNENNUNG - SATZUNGEN (UEBERSETZUNG, KOORDINATION, ANDERE AENDERUNGEN, ) - VERSCHIEDENES
PDF
Mandates02/06/2023
ENTLASSUNG - ERNENNUNG
PDF
Other23/05/2023
SATZUNGEN (UEBERSETZUNG, KOORDINATION, ANDERE AENDERUNGEN, )
PDF
Mandates09/02/2023
ENTLASSUNG - ERNENNUNG
PDF
Mandates28/06/2022
ENTLASSUNG - ERNENNUNG
PDF
Mandates01/06/2021
DEMISSIONS, NOMINATIONS
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 2025330,2 k €↓
2024
Annual accounts 20243,5 M €↓
26/04/2024
nominationCathérine Noël — Verwaltungsratsmitglied
26/04/2024
nominationFlorent Pouzet — Verwaltungsratsmitglied
26/04/2024
nominationSylvain Heuschen — mit der täglichen Geschäftsführung beauftragte Person
26/04/2024
nominationCathérine Noël — Vorsitzende des Verwaltungsrats
26/04/2024
nominationFlorent Pouzet — geschäftsführendes Verwaltungsratsmitglied (CEO)
2023
Annual accounts 20235,1 M €↓
05/05/2023
reconductionHubert Bosten — Verwaltungsratsmitglied
05/05/2023
reconductionBernd Vorhagen — Verwaltungsratsmitglied
05/05/2023
reconductionJean-Pierre Mayeres — Verwaltungsratsmitglied
17/04/2023
reconductionHubert Bosten — Vorsitzender des Verwaltungsrats / geschäftsführendes Verwaltungsratsmitglied (CEO)
17/04/2023
nominationErwin Palm — tägliche Geschäftsführung
2022
Annual accounts 20227,5 M €↓
2021
Annual accounts 202110,5 M €↑
2020
Annual accounts 20209,1 M €↑
2019
Annual accounts 20195,7 M €↑
2018
Annual accounts 20185,2 M €↑
2017
Annual accounts 20174,5 M €↓
2016
Annual accounts 201658,8 M €↑
2015
Annual accounts 20155,2 M €↓
2014
Annual accounts 201411,9 M €↑
2013
Annual accounts 20133,2 M €↑
2012
Annual accounts 20121,6 M €↓
2011
Annual accounts 20111,7 M €↑
2010
Annual accounts 2010611,9 k €↓
2009
Annual accounts 20093,1 M €↑
2008
Annual accounts 20082,2 M €↓
2007
Annual accounts 200743,9 M €↑
2006
Annual accounts 20066,1 M €
01/12/1956
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

NMC

Overview

What does NMC do?

Trend over 20 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