ACTIVE

Transnubel

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Financial year 2025 · Closed on 31/12/2025

Net result-7,6 M €-1 527,3 %over 1 year
Revenue25,4 M €-22,8 %over 1 year
Equity-5,4 M €-347,9 %over 1 year
Workforce247,8 ETP-12,1 %over 1 year

Identity

Source · BCE/KBO

Transnubel is a Public limited company incorporated in 1969. Its main activity is: Treatment and disposal of hazardous waste. Its registered office is in Saint-Josse-ten-Noode. It employs on average 247,8 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0406.950.632
Incorporation
18/12/1969
Legal form
Public limited company
Registered office
Boulevard du Roi Albert II 19
1210 Saint-Josse-ten-Noode · BruxellesSee on map
Contributed capital
2 667 000,00 €
Latest accounts
31/12/2025
Average workforce
247,8 ETP
Joint committees (4)
  • 116
  • 14003
  • 207
  • 226
Signals
Good liquidityHealthy social debtsHigh revenue

Financials

Source · NBB, 40 filings

Trend over 18 financial years

20252024202320222021
Income statement
Revenue25,4 M €32,9 M €35,7 M €29,5 M €18,3 M €
EBITDA-5 M €1,1 M €2,4 M €894,8 k €-646,1 k €
Operating result-7,1 M €290,3 k €2,1 M €357,5 k €-853,7 k €
Net result-7,6 M €-467,2 k €2,4 M €224,8 k €-922,1 k €
Balance sheet
Equity-5,4 M €2,2 M €2,7 M €231,4 k €6,5 k €
Total assets24,3 M €25,8 M €21,4 M €21,5 M €19,1 M €
Cash139,1 k €91,6 k €62,8 k €794,8 k €3,4 k €
Debts20,2 M €15,8 M €11,3 M €13 M €10,8 M €
Other
Workforce247,8 ETP282,0 ETP317,6 ETP342,1 ETP130,1 ETP

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 55 ended

Active mandates

Christian de Lafforest

Director · since 01 mai 2025 · until 15 mai 2030

Active
Philippe Masereel

Chairman of the board of directors · since 10 juin 2022 · until 17 mai 2028

Active
Matthieu Trenchant

Managing director · since 01 juillet 2020 · until 21 mai 2031

Active
Eric Christyn de Ribaucourt

Director · since 01 avril 2020 · until 31 janvier 2025

Active
Mark Dirckx

Director · since 01 avril 2020 · until 15 mai 2030

Active

Ended mandates

Studiecentrum voor Kernenergie - Centre d'Etude de l'Energie Nucléaire

Director · since 30 septembre 2021 · 0406.568.867

Represented by Luc Noynaert

Ended
Studiecentrum voor Kernenergie - Centre d'Etude de l'Energie Nucléaire

Director · since 30 septembre 2021 · 0406.568.867

Represented by Luc Noynaert

Ended
Matthieu Trenchant

Managing director · since 01 juillet 2020 · until 21 mai 2025

Ended
Matthieu Trenchant

Managing director · since 01 juillet 2020

Ended

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Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date10/06/202616/06/202508/07/202418/07/202325/07/202209/08/2021
General meeting20/05/202621/05/202515/05/202430/06/202310/06/202217/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 40 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202520/05/202610/06/2026DutchPDF
Full model31/12/202520/05/202610/06/2026FrenchPDF
Full model31/12/202421/05/202516/06/2025FrenchPDF
Full model31/12/202421/05/202516/06/2025DutchPDF
Full model31/12/202315/05/202408/07/2024FrenchPDF
Full model31/12/202315/05/202408/07/2024DutchPDF
Full model31/12/202230/06/202318/07/2023FrenchPDF
Full model31/12/202230/06/202318/07/2023DutchPDF
Full model31/12/202110/06/202225/07/2022DutchPDF
Full model31/12/202110/06/202212/07/2022FrenchPDF
Full model31/12/202017/05/202109/08/2021DutchPDF
Full model31/12/202017/05/202109/08/2021FrenchPDF
Full model31/12/201918/05/202009/07/2020DutchPDF
Full model31/12/201918/05/202009/07/2020FrenchPDF
Full model31/12/201817/05/201925/06/2019FrenchPDF
Full model31/12/201817/05/201925/06/2019DutchPDF
Full model31/12/201717/05/201801/08/2018DutchPDF
Full model31/12/201717/05/201801/08/2018FrenchPDF
Full model31/12/201617/05/201730/06/2017DutchPDF
Full model31/12/201617/05/201730/06/2017FrenchPDF
Full model31/12/201518/05/201620/05/2016DutchPDF
Full model31/12/201518/05/201620/05/2016FrenchPDF
Full model31/12/201420/05/201511/06/2015FrenchPDF
Full model31/12/201420/05/201511/06/2015DutchPDF
Full model31/12/201314/05/201403/06/2014FrenchPDF
Full model31/12/201314/05/201403/06/2014DutchPDF
Full model31/12/201215/05/201327/05/2013DutchPDF
Full model31/12/201215/05/201327/05/2013FrenchPDF
Full model31/12/201116/05/201220/06/2012FrenchPDF
Full model31/12/201116/05/201220/06/2012DutchPDF
Full model31/12/201018/05/201131/05/2011FrenchPDF
Full model31/12/201018/05/201131/05/2011DutchPDF
Full model31/12/200919/05/201007/06/2010DutchPDF
Full model31/12/200919/05/201007/06/2010FrenchPDF
Full model31/12/200820/05/200917/06/2009DutchPDF
Full model31/12/200820/05/200917/06/2009FrenchPDF
Full model31/12/200721/05/200804/06/2008DutchPDF
Full model31/12/200721/05/200804/06/2008FrenchPDF
Full model31/12/200616/05/200718/06/2007DutchPDF
Full model31/12/200616/05/200718/06/2007FrenchPDF

Indicative valuation

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

5 active · 55 ended

Active mandates

Christian de Lafforest

Director · since 01 mai 2025 · until 15 mai 2030

Active
Philippe Masereel

Chairman of the board of directors · since 10 juin 2022 · until 17 mai 2028

Active
Matthieu Trenchant

Managing director · since 01 juillet 2020 · until 21 mai 2031

Active
Eric Christyn de Ribaucourt

Director · since 01 avril 2020 · until 31 janvier 2025

Active
Mark Dirckx

Director · since 01 avril 2020 · until 15 mai 2030

Active

Ended mandates

Studiecentrum voor Kernenergie - Centre d'Etude de l'Energie Nucléaire

Director · since 30 septembre 2021 · 0406.568.867

Represented by Luc Noynaert

Ended
Studiecentrum voor Kernenergie - Centre d'Etude de l'Energie Nucléaire

Director · since 30 septembre 2021 · 0406.568.867

Represented by Luc Noynaert

Ended
Matthieu Trenchant

Managing director · since 01 juillet 2020 · until 21 mai 2025

Ended
Matthieu Trenchant

Managing director · since 01 juillet 2020

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Capital / shares01/09/2026
    CAPITAL, ACTIONS, STATUTS (TRADUCTION, COORDINATION,
    PDF
  • Capital / shares01/09/2026
    CAPITAL, ACTIONS, STATUTS (TRADUCTION, COORDINATION,
    PDF
  • Other03/08/2026
    DIVERSEN
    PDF
  • Other03/08/2026
    DIVERS
    PDF
  • Other05/05/2026
    DIVERS
    PDF
  • Other05/05/2026
    DIVERSEN
    PDF
  • Mandates18/08/2025
    DIVERSEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates18/08/2025
    DIVERS - DEMISSIONS, NOMINATIONS
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025-7,6 M €↓
  2. 2024
    Annual accounts 2024-467,2 k €↓
  3. 2023
    Annual accounts 20232,4 M €↑
  4. 2022
    Annual accounts 2022224,8 k €↑
  5. 2021
    Annual accounts 2021-922,1 k €↑
  6. 2020
    Annual accounts 2020-2,9 M €↓
  7. 2019
    Annual accounts 2019-551,6 k €↓
  8. 2018
    Annual accounts 201869 k €↓
  9. 2017
    Annual accounts 2017683,9 k €↑
  10. 2016
    Annual accounts 2016155,4 k €↓
  11. 2015
    Annual accounts 2015282,1 k €↓
  12. 2014
    Annual accounts 2014573,3 k €↓
  13. 2013
    Annual accounts 20132,5 M €↑
  14. 2012
    Annual accounts 2012248,9 k €↑
  15. 2011
    Annual accounts 201116,7 k €↓
  16. 2010
    Annual accounts 201067,1 k €↓
  17. 2009
    Annual accounts 2009319,2 k €↓
  18. 2008
    Annual accounts 2008566,1 k €
  19. 18/12/1969
    IncorporationPublic limited company