ACTIVE

Vesuvius Belgium

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Financial year 2025 · Closed on 31/12/2025

Net result-4,5 M €-199,2 %over 1 year

Revenue4,5 M €-56,4 %over 1 year

Equity3,5 M €-56,1 %over 1 year

Workforce59,4 ETP-24,4 %over 1 year

Identity

Source · BCE/KBO

Vesuvius Belgium is a Public limited company incorporated in 1973. Its main activity is: Manufacture of refractory products. Its registered office is in Oostende. It employs on average 59,4 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0413.723.212
Incorporation: 10/10/1973
Legal form: Public limited company
Registered office: Zandvoordestraat 366
8400 Oostende · FlandreSee on map
Contributed capital: 3 000 000,00 €
Latest accounts: 31/12/2025
Average workforce: 59,4 ETP

Activities (NACE)

23200Manufacture of refractory products· main 23200Manufacture of refractory products 26260Manufacture of computers and peripheral equipment

Joint committees (4)

113
11303
200
218

Signals

Solid equityHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	4,5 M €	-56.4%	10,3 M €	-53.6%	22,3 M €	-27.9%	30,9 M €	-1.7%	31,4 M €
EBITDA	-3,5 M €	-483%	-604,9 k €	-156%	1,1 M €	-58.0%	2,6 M €	-18.7%	3,2 M €
Operating result	-4,4 M €	-184%	-1,6 M €	-649%	282,8 k €	-83.2%	1,7 M €	-26.1%	2,3 M €
Net result	-4,5 M €	-199%	-1,5 M €	-558%	325,5 k €	-74.1%	1,3 M €	-24.0%	1,7 M €
Balance sheet
Equity	3,5 M €	-56.1%	8 M €	-15.8%	9,5 M €	+3.4%	9,2 M €	-40.6%	15,4 M €
Total assets	8,2 M €	-18.4%	10 M €	-25.0%	13,3 M €	-35.1%	20,6 M €	-0.5%	20,7 M €
Cash	2,1 M €	+106%	1 M €	-77.8%	4,6 M €	-60.3%	11,5 M €	+4.0%	11 M €
Debts	4,6 M €	+143%	1,9 M €	-50.6%	3,9 M €	-66.1%	11,4 M €	+118%	5,2 M €
Other
Workforce	59,4 ETP	-24.4%	78,6 ETP	-10.6%	87,9 ETP	-5.0%	92,5 ETP	+3.5%	89,4 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 51 ended

Active mandates

Mario Ravanelli

Director · since 15 septembre 2025 · until 06 juin 2030

Active

Fabricio Camponez Salazar

Managing director · since 22 octobre 2024 · until 06 juin 2030

Active

Elisabetta De Zan

Director · since 01 juin 2023 · until 01 juin 2029

Active

Bart Louwagie

Director · since 01 juin 2017 · until 15 septembre 2025

Active

Ended mandates

Elisabetta De Zan

Director · since 01 juin 2023 · until 07 juin 2029

Ended

Aleksander Sawiuk

Director · since 01 janvier 2023 · until 01 mai 2024

Ended

Aleksander Sawiuk

Director · since 01 janvier 2023 · until 06 juin 2024

Ended

Johannes Haandrikman

Managing director · since 15 avril 2021 · until 06 juin 2024

Ended

Full financial information

Source · NBB

	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	23/06/2026	26/06/2025	30/06/2024	27/06/2023	24/06/2022	22/06/2021
General meeting	04/06/2026	05/06/2025	27/06/2024	01/06/2023	02/06/2022	03/06/2021
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
Full model	31/12/2025	04/06/2026	23/06/2026	Dutch	PDF
Full model	31/12/2024	05/06/2025	26/06/2025	Dutch	PDF
Full model	31/12/2023	27/06/2024	30/06/2024	Dutch	PDF
Full model	31/12/2022	01/06/2023	27/06/2023	Dutch	PDF
Full model	31/12/2021	02/06/2022	24/06/2022	Dutch	PDF
Full model	31/12/2020	03/06/2021	22/06/2021	Dutch	PDF
Full model	31/12/2019	04/06/2020	26/06/2020	Dutch	PDF
Full model	31/12/2018	06/06/2019	26/06/2019	Dutch	PDF
Full model	31/12/2017	07/06/2018	26/06/2018	Dutch	PDF
Full model	31/12/2016	01/06/2017	27/06/2017	Dutch	PDF
Full model	31/12/2015	02/06/2016	24/06/2016	Dutch	PDF
Full model	31/12/2014	04/06/2015	17/08/2015	Dutch	PDF
Full model	31/12/2013	05/06/2014	31/07/2014	Dutch	PDF
Full model	31/12/2012	06/06/2013	25/06/2013	Dutch	PDF
Full model	31/12/2011	07/06/2012	11/07/2012	Dutch	PDF
Full model	31/12/2010	09/06/2011	29/06/2011	Dutch	PDF
Full model	31/12/2009	03/06/2010	12/07/2010	Dutch	PDF
Full model	31/12/2008	04/06/2009	01/07/2009	Dutch	PDF
Full model	31/12/2007	05/06/2008	05/06/2008	Dutch	PDF
Full model	31/12/2006	07/06/2007	30/07/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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.

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 51 ended

Active mandates

Mario Ravanelli

Director · since 15 septembre 2025 · until 06 juin 2030

Active

Fabricio Camponez Salazar

Managing director · since 22 octobre 2024 · until 06 juin 2030

Active

Elisabetta De Zan

Director · since 01 juin 2023 · until 01 juin 2029

Active

Bart Louwagie

Director · since 01 juin 2017 · until 15 septembre 2025

Active

Ended mandates

Elisabetta De Zan

Director · since 01 juin 2023 · until 07 juin 2029

Ended

Aleksander Sawiuk

Director · since 01 janvier 2023 · until 01 mai 2024

Ended

Aleksander Sawiuk

Director · since 01 janvier 2023 · until 06 juin 2024

Ended

Johannes Haandrikman

Managing director · since 15 avril 2021 · until 06 juin 2024

Ended

Ownership and network

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Try for 7 days

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates02/04/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/09/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/11/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/06/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/07/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/03/2023
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares06/12/2022
KAPITAAL - AANDELEN
PDF
Mandates01/07/2021
ONTSLAGEN - BENOEMINGEN
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 2025-4,5 M €↓
2024
Annual accounts 2024-1,5 M €↓
2023
Annual accounts 2023325,5 k €↓
2022
Annual accounts 20221,3 M €↓
2021
Annual accounts 20211,7 M €↑
2020
Annual accounts 2020-157,1 k €↓
2019
Annual accounts 2019862,3 k €↓
2018
Annual accounts 20181,8 M €↑
2017
Annual accounts 2017-353,5 k €↑
2016
Annual accounts 2016-1,7 M €↓
2015
Annual accounts 2015535,5 k €↓
2014
Annual accounts 20141,3 M €↑
2013
Annual accounts 2013770,7 k €↓
2012
Annual accounts 2012910,3 k €↓
2011
Annual accounts 20111,6 M €↓
2010
Annual accounts 20102,5 M €↑
2009
Annual accounts 2009-611,2 k €↓
2008
Annual accounts 200856,2 k €↓
2007
Annual accounts 20071,3 M €↓
2006
Annual accounts 20061,3 M €
10/10/1973
IncorporationPublic limited company

Vesuvius Belgium

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