Steelforce
0402.950.965 · rovalta.com · 24/09/2026
ACTIVE
Steelforce
Financial year 2025 · closed on 31/12/2025
Net result
3 M €
-53.4% YoY
Revenue
196 M €
+4.7% YoY
Equity
35,6 M €
+9.0% YoY
Workforce
53,9 ETP
-1.5% YoY
Overview
What does Steelforce do?
Steelforce is a Public limited company incorporated in 1950. Its registered office is in Antwerpen. It employs on average 53,9 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0402.950.965
Incorporation
04/07/1950
Legal form
Public limited company
Registered office
Lange Klarenstraat 16
2000 Antwerpen · FlandreSee on map
2000 Antwerpen · FlandreSee on map
Contributed capital
2 232 000,00 €
Latest accounts
31/12/2025
Average workforce
53,9 ETP
Joint committees (3)
- 226
- 22600
- 226000
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
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Financials
Trend over 18 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2008 | 2007 | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||
| Revenue | 196 M € | +4.7% | 187,2 M € | -64.9% | 532,9 M € | -9.8% | 590,6 M € | -30.3% | 847,9 M € | +108% | 407,8 M € | -10.1% | 453,8 M € | +3.9% | 436,7 M € | +7.3% | 406,9 M € | +3.7% | 392,3 M € | +6.2% | 369,5 M € | -31.5% | 539,5 M € | -6.1% | 574,7 M € | +3.3% | 556,5 M € | +18.7% | 468,7 M € | +23.5% | 379,4 M € | +176% | 137,3 M € | +49.8% | 91,7 M € |
| EBITDA | 2,5 M € | +197% | -2,6 M € | -118% | 14,2 M € | +14.8% | 12,4 M € | -12.2% | 14,1 M € | +212% | 4,5 M € | +6.7% | 4,2 M € | -29.3% | 6 M € | +24.1% | 4,8 M € | +13.7% | 4,2 M € | -33.5% | 6,4 M € | -33.0% | 9,5 M € | -9.5% | 10,5 M € | +17.8% | 8,9 M € | +77.8% | 5 M € | -8.2% | 5,5 M € | +437% | 1 M € | -53.0% | 2,2 M € |
| Operating result | 3,7 M € | -35.1% | 5,7 M € | -56.3% | 13 M € | +114% | 6,1 M € | -45.4% | 11,1 M € | +169% | 4,1 M € | -9.5% | 4,6 M € | -21.2% | 5,8 M € | +27.4% | 4,5 M € | -0.9% | 4,6 M € | -22.6% | 5,9 M € | -28.4% | 8,3 M € | -18.8% | 10,2 M € | +15.7% | 8,8 M € | +83.0% | 4,8 M € | -13.4% | 5,6 M € | +466% | 980 k € | -54.3% | 2,1 M € |
| Net result | 3 M € | -53.4% | 6,5 M € | -23.8% | 8,5 M € | +36.9% | 6,2 M € | -17.2% | 7,5 M € | +138% | 3,1 M € | +8.7% | 2,9 M € | +179% | 1 M € | +35.4% | 765,4 k € | -57.0% | 1,8 M € | +25.6% | 1,4 M € | -52.0% | 3 M € | -4.1% | 3,1 M € | +29.6% | 2,4 M € | +231% | 718,5 k € | +87.7% | 382,7 k € | +338% | 87,3 k € | -85.8% | 614,7 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||
| Equity | 35,6 M € | +9.0% | 32,7 M € | +24.4% | 26,3 M € | -12.1% | 29,8 M € | +3.9% | 28,7 M € | +24.6% | 23,1 M € | +2.7% | 22,5 M € | +11.9% | 20,1 M € | +0.2% | 20 M € | +0.3% | 20 M € | +0.2% | 19,9 M € | +5.4% | 18,9 M € | +7.1% | 17,7 M € | +21.1% | 14,6 M € | +4.9% | 13,9 M € | +5.5% | 13,2 M € | +294% | 3,3 M € | +2.7% | 3,3 M € |
| Total assets | 87,8 M € | -12.4% | 100,3 M € | -33.6% | 151,1 M € | -6.4% | 161,4 M € | +5.3% | 153,3 M € | +63.9% | 93,5 M € | +38.7% | 67,4 M € | -10.7% | 75,5 M € | -12.1% | 85,8 M € | +20.0% | 71,5 M € | -11.6% | 80,9 M € | -20.7% | 102 M € | -10.9% | 114,5 M € | -7.0% | 123,1 M € | +10.0% | 111,9 M € | +63.8% | 68,3 M € | +114% | 31,9 M € | +133% | 13,7 M € |
| Cash | 1,2 M € | +1026% | 109,5 k € | -39.1% | 179,9 k € | +23.2% | 146,1 k € | -84.9% | 967,4 k € | +660% | 127,4 k € | -84.4% | 819 k € | +534% | 129,3 k € | +43.7% | 90 k € | +22.1% | 73,7 k € | -69.2% | 239,5 k € | -59.0% | 584,6 k € | +469% | 102,8 k € | -59.7% | 255,2 k € | -86.6% | 1,9 M € | +430% | 359,3 k € | -80.3% | 1,8 M € | +2.4% | 1,8 M € |
| Debts | 50,1 M € | -21.5% | 63,9 M € | -43.0% | 112 M € | -6.8% | 120,2 M € | +5.0% | 114,5 M € | +69.7% | 67,5 M € | +60.3% | 42,1 M € | -21.0% | 53,3 M € | -17.0% | 64,2 M € | +29.4% | 49,6 M € | -15.5% | 58,8 M € | -26.5% | 79,9 M € | -15.0% | 94 M € | -12.1% | 107 M € | +10.4% | 96,9 M € | +78.2% | 54,4 M € | +90.9% | 28,5 M € | +178% | 10,2 M € |
| Other | |||||||||||||||||||||||||||||||||||
| Workforce | 53,9 ETP | -1.5% | 54,7 ETP | -2.8% | 56,3 ETP | +1.4% | 55,5 ETP | -3.5% | 57,5 ETP | +2.7% | 56,0 ETP | +3.1% | 54,3 ETP | -2.7% | 55,8 ETP | -4.1% | 58,2 ETP | -1.4% | 59,0 ETP | -1.7% | 60,0 ETP | +0.5% | 59,7 ETP | +2.1% | 58,5 ETP | +3.0% | 56,8 ETP | +32.1% | 43,0 ETP | +21.8% | 35,3 ETP | +301% | 8,8 ETP | -8.3% | 9,6 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 10 M€ and 25 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 6 active · 57 ended
Active mandates
Charles Somers
ActiveActive
Active
Active
Active
Active
Ended mandates
At this address
Other companies at this address
| Company | CBE no. |
|---|---|
FERRITUDO● Active | 0554.937.790 |
Steelforce Europe● Active | 0880.726.544 |
Steelforce Group● Active | 0477.502.492 |
Steelforce Packaging● Active | 0784.889.851 |
Steel Legacy● Active | 1023.748.886 |
TRANSAF BUILDING● Active | 0779.319.279 |
Transsteel● Active | 0790.672.437 |
Financials
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 | 01/10/2020 | 01/10/2019 |
| Closing of the financial year | 31/12/2025 | 31/12/2024 | 31/12/2023 | 31/12/2022 | 31/12/2021 | 30/09/2020 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 15 months | 12 months |
| Filing date | 02/07/2026 | 10/06/2025 | 21/06/2024 | 08/06/2023 | 20/06/2022 | 16/03/2021 |
| General meeting | 04/06/2026 | 03/06/2025 | 13/06/2024 | 06/06/2023 | 13/06/2022 | 01/03/2021 |
| 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 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full model | 31/12/2025 | 04/06/2026 | 02/07/2026 | Dutch | |
| Full model | 31/12/2024 | 03/06/2025 | 10/06/2025 | Dutch | |
| Full model | 31/12/2023 | 13/06/2024 | 21/06/2024 | Dutch | |
| Full model | 31/12/2022 | 06/06/2023 | 08/06/2023 | Dutch | |
| Full model | 31/12/2021 | 13/06/2022 | 20/06/2022 | Dutch | |
| Full model | 30/09/2020 | 01/03/2021 | 16/03/2021 | Dutch | |
| Full model | 30/09/2019 | 03/03/2020 | 17/03/2020 | Dutch | |
| Full model | 30/09/2018 | 28/02/2019 | 19/03/2019 | Dutch | |
| Full model | 30/09/2017 | 05/03/2018 | 20/03/2018 | Dutch | |
| Full model | 30/09/2016 | 09/03/2017 | 28/03/2017 | Dutch | |
| Full model | 30/09/2015 | 25/02/2016 | 03/03/2016 | Dutch | |
| Full model | 30/09/2014 | 24/02/2015 | 10/03/2015 | Dutch | |
| Full model | 30/09/2013 | 24/02/2014 | 21/03/2014 | Dutch | |
| Full model | 30/09/2012 | 21/02/2013 | 27/03/2013 | Dutch | |
| Full model | 30/09/2011 | 16/02/2012 | 15/03/2012 | Dutch | |
| Full model | 30/09/2010 | 03/03/2011 | 31/03/2011 | Dutch | |
| Full model | 30/09/2009 | 04/03/2010 | 02/04/2010 | Dutch | |
| Full model | 30/09/2008 | 26/03/2009 | 22/04/2009 | Dutch | |
| Full model | 30/09/2007 | 29/03/2008 | 08/04/2008 | Dutch | |
| Full model | 30/09/2006 | 02/03/2007 | 22/03/2007 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 10 M€ and 25 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 6 active · 57 ended
Active mandates
Charles Somers
ActiveActive
Active
Active
Active
Active
Ended mandates
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Registered office07/11/2024SIEGE SOCIAL
- Mandates02/09/2024ONTSLAGEN - BENOEMINGEN
- Mandates24/01/2024ONTSLAGEN - BENOEMINGEN
- Mandates14/08/2023ONTSLAGEN - BENOEMINGEN
- Mandates24/05/2023ONTSLAGEN - BENOEMINGEN
- Mandates27/09/2021STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
- Mandates07/04/2021DEMISSIONS, NOMINATIONS
- Mandates03/04/2020ONTSLAGEN - BENOEMINGEN
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 20253 M €↓
- 2024Annual accounts 20246,5 M €↓
- 13/06/2024reconductionCharles Somers — bestuurder
- 13/06/2024reconductionGuido Hemeleers — bestuurder
- 13/06/2024reconductionGregg Mintjens — bestuurder
- 13/06/2024reconductionOlivier Bacardats — bestuurder
- 13/06/2024reconductionJérôme Waterkeyn — bestuurder
- 13/06/2024reconductionKurt Crollet — bestuurder
- 13/06/2024nominationPhilippe Venken — commissaris
- 2023Annual accounts 20238,5 M €↑
- 06/06/2023nominationDieter Biebaut — vaste vertegenwoordiger
- 06/06/2023nominationCharles Somers — bestuurder
- 06/06/2023nominationGregg Mintjens — bestuurder (vertegenwoordiger van BV Triple MG Consult)
- 06/06/2023nominationOlivier Bacardats — bestuurder (vertegenwoordiger van BV KZBFin)
- 10/04/2023nominationGuido Hemeleers — bestuurder
- 10/04/2023nominationJérôme Waterkeyn — bestuurder
- 30/03/2023nominationKurt Crollet — vaste vertegenwoordiger van Steelforce Group NV
- 2022Annual accounts 20226,2 M €↓
- 2021Annual accounts 20217,5 M €↑
- 2020Annual accounts 20203,1 M €↑
- 2019Annual accounts 20192,9 M €↑
- 2018Annual accounts 20181 M €↑
- 2017Annual accounts 2017765,4 k €↓
- 2016Annual accounts 20161,8 M €↑
- 2015Annual accounts 20151,4 M €↓
- 2014Annual accounts 20143 M €↓
- 2013Annual accounts 20133,1 M €↑
- 2012Annual accounts 20122,4 M €↑
- 2011Annual accounts 2011718,5 k €↑
- 2010Annual accounts 2010382,7 k €↑
- 2008Annual accounts 200887,3 k €↓
- 2008Name changeSteelforce
- 2007Annual accounts 2007614,7 k €
- 2007Name changeSTEELFORCE AMERICAS
- 04/07/1950IncorporationPublic limited company