ACTIVE

THY MARCINELLE

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Financial year 2024 · closed on 31/12/2024

Net result

-28,2 M €

+21.4% YoY

Revenue

382,2 M €

+11.4% YoY

Equity

58,7 M €

-32.4% YoY

Workforce

470,2 ETP

+3.4% YoY

What does THY MARCINELLE do?

THY MARCINELLE is a Public limited company incorporated in 1989. Its registered office is in Charleroi. It employs on average 470,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0437.347.363

Incorporation

26/04/1989

Legal form

Public limited company

Registered office

Rue de l'Acier 1
6000 Charleroi · WallonieSee on map

Contributed capital

38 600 000,00 €

Latest accounts

31/12/2024

Average workforce

470,2 ETP

Joint committees (2)

Signals

Solid equityHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2011		2010		2009		2008		2007		2006
Income statement
Revenue	382,2 M €	+11.4%	343,1 M €	-47.3%	650,7 M €	+31.7%	494,2 M €	+49.7%	330,1 M €	-16.4%	395 M €	-8.3%	430,6 M €	+26.5%	340,3 M €	+50.2%	226,6 M €	-21.8%	289,9 M €	-20.7%	365,5 M €	+0.9%	362,2 M €	-7.8%	393 M €	+37.8%	285,3 M €	+28.4%	222,1 M €	-39.7%	368,1 M €	+6.7%	345,1 M €	+5.2%	327,9 M €
EBITDA	-12 M €	+45.7%	-22,2 M €	-146%	48,3 M €	-13.5%	55,8 M €	+1251%	-4,8 M €	-260%	-1,3 M €	-108%	16,9 M €	-20.3%	21,2 M €	+38.3%	15,3 M €	+145%	6,3 M €	-60.2%	15,7 M €	+10.1%	14,3 M €	-44.8%	25,9 M €	+462%	4,6 M €	+41.0%	3,3 M €	-89.7%	31,6 M €	-42.6%	55 M €	-4.1%	57,4 M €
Operating result	-23,9 M €	+28.9%	-33,6 M €	-180%	42,2 M €	-15.0%	49,7 M €	+588%	-10,2 M €	-26.3%	-8,1 M €	-144%	18,3 M €	+19.1%	15,4 M €	+433%	2,9 M €	+42.2%	2 M €	-82.0%	11,3 M €	+15.5%	9,8 M €	-53.4%	20,9 M €	+2855%	-759,4 k €	+66.6%	-2,3 M €	-108%	27,8 M €	-45.3%	50,8 M €	-4.5%	53,2 M €
Net result	-28,2 M €	+21.4%	-35,9 M €	-224%	28,8 M €	-29.4%	40,8 M €	+471%	-11 M €	-22.7%	-9 M €	-170%	12,8 M €	+40.9%	9,1 M €	+2255%	384,9 k €	-18.2%	470,4 k €	-93.1%	6,8 M €	+12.4%	6,1 M €	-60.7%	15,4 M €	+1453%	-1,1 M €	+16.6%	-1,4 M €	-108%	17,3 M €	-47.7%	33,1 M €	-4.7%	34,7 M €
Balance sheet
Equity	58,7 M €	-32.4%	86,8 M €	-29.2%	122,7 M €	+29.6%	94,7 M €	+75.9%	53,8 M €	-17.0%	64,8 M €	-12.1%	73,8 M €	+20.9%	61 M €	+17.4%	52 M €	+0.7%	51,6 M €	+0.9%	51,1 M €	-26.3%	69,3 M €	+23.8%	56 M €	+37.9%	40,6 M €	-2.7%	41,7 M €	-3.2%	43,1 M €	0.0%	43,1 M €	0.0%	43,1 M €
Total assets	170,2 M €	-13.3%	196,5 M €	+1.1%	194,4 M €	-4.7%	204 M €	+44.3%	141,4 M €	+3.3%	136,8 M €	-21.8%	175,1 M €	+10.3%	158,7 M €	+15.9%	136,8 M €	-2.9%	140,9 M €	-3.4%	145,9 M €	-8.8%	160 M €	-4.9%	168,4 M €	+7.4%	156,8 M €	+20.5%	130,2 M €	-15.2%	153,4 M €	-1.5%	155,8 M €	+1.0%	154,3 M €
Cash	0,3 €		–		–		6,8 k €	-99.5%	1,5 M €	+997%	135,6 k €	+413%	26,5 k €	-35.8%	41,2 k €	-99.9%	44,3 M €	+1252720%	3,5 k €	+51.3%	2,3 k €	-34.8%	3,6 k €	-29.8%	5,1 k €	-13.5%	5,9 k €	+81.4%	3,3 k €	-62.7%	8,7 k €	+101%	4,3 k €	+1.3%	4,3 k €
Debts	110 M €	+21.5%	90,5 M €	+55.6%	58,2 M €	-41.5%	99,4 M €	+24.4%	79,9 M €	+24.1%	64,4 M €	-31.2%	93,5 M €	-0.5%	94 M €	+14.7%	81,9 M €	-5.4%	86,6 M €	-5.4%	91,5 M €	+2.9%	88,9 M €	-19.0%	109,7 M €	-3.7%	113,9 M €	+31.7%	86,5 M €	-19.6%	107,6 M €	-3.6%	111,6 M €	+1.9%	109,6 M €
Other
Workforce	470,2 ETP	+3.4%	454,9 ETP	+2.9%	441,9 ETP	+11.8%	395,3 ETP	+13.9%	347,1 ETP	+4.8%	331,2 ETP	+3.1%	321,2 ETP	+8.6%	295,7 ETP	+4.0%	284,4 ETP	+0.8%	282,1 ETP	-1.1%	285,3 ETP	-0.8%	287,5 ETP	+3.5%	277,9 ETP	+1.8%	273,1 ETP	+1.5%	269,1 ETP	-5.0%	283,3 ETP	-0.4%	284,3 ETP	-0.4%	285,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 4 active · 32 ended

Active mandates

Angelo Ippoliti

Director · since 10 juin 2024 · until 08 juin 2026

Active

Claudio Riva

Chairman of the board of directors · since 10 juin 2024 · until 08 juin 2026

Active

David Valenti

Director · since 10 juin 2024 · until 08 juin 2026

Active

UMBIRIVA

Director · since 01 janvier 2024 · until 08 juin 2026 · 1004.813.201

Represented by Riva Umberto

Active

Ended mandates

Angelo Ippoliti

Director · since 13 juin 2022 · until 10 juin 2024

Ended

Claudio Riva

Chairman of the board of directors · since 13 juin 2022 · until 10 juin 2024

Ended

David Valenti

Director · since 13 juin 2022 · until 10 juin 2024

Ended

David Valentini

Director · since 13 juin 2022 · until 10 juin 2024

Ended

At this address

Other companies at this address

Company	CBE no.
OEUVRE D'ENTRAIDE DES EMPLOYES ET DES OUVRIERS DES SOCIETES THY MARCINELLE ET DES AUTRES SOCIETES BELGES DU GROUPE RIVA (CCS,EUROPACIERS,ILVA RICE)● Active	0462.272.108

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	08/07/2025	08/07/2024	07/07/2023	05/07/2022	05/07/2021	07/07/2020
General meeting	10/06/2025	10/06/2024	12/06/2023	13/06/2022	14/06/2021	08/06/2020
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2024	10/06/2025	08/07/2025	French	PDF
Full model	31/12/2023	10/06/2024	08/07/2024	French	PDF
Full model	31/12/2022	12/06/2023	07/07/2023	French	PDF
Full model	31/12/2021	13/06/2022	05/07/2022	French	PDF
Full model	31/12/2020	14/06/2021	05/07/2021	French	PDF
Full model	31/12/2019	08/06/2020	07/07/2020	French	PDF
Full model	31/12/2018	11/06/2019	03/07/2019	French	PDF
Full modelCorrection	31/12/2017	11/06/2018	09/08/2018	French	PDF
Full model	31/12/2017	11/06/2018	06/07/2018	French	PDF
Full modelCorrection	31/12/2016	12/06/2017	12/10/2017	French	PDF
Full model	31/12/2016	12/06/2017	19/06/2017	French	PDF
Full model	31/12/2015	13/06/2016	14/06/2016	French	PDF
Full model	31/12/2014	08/06/2015	10/06/2015	French	PDF
Full model	31/12/2013	10/06/2014	11/06/2014	French	PDF
Full model	31/12/2012	10/06/2013	11/06/2013	French	PDF
Full model	31/12/2011	11/06/2012	13/06/2012	French	PDF
Full model	31/12/2010	14/06/2011	15/06/2011	French	PDF
Full model	31/12/2009	14/06/2010	17/06/2010	French	PDF
Full model	31/12/2008	08/06/2009	09/06/2009	French	PDF
Full model	31/12/2007	09/06/2008	10/06/2008	French	PDF
Full model	31/12/2006	11/06/2007	13/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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 31/12/2024 · 4 active · 32 ended

Active mandates

Angelo Ippoliti

Director · since 10 juin 2024 · until 08 juin 2026

Active

Claudio Riva

Chairman of the board of directors · since 10 juin 2024 · until 08 juin 2026

Active

David Valenti

Director · since 10 juin 2024 · until 08 juin 2026

Active

UMBIRIVA

Director · since 01 janvier 2024 · until 08 juin 2026 · 1004.813.201

Represented by Riva Umberto

Active

Ended mandates

Angelo Ippoliti

Director · since 13 juin 2022 · until 10 juin 2024

Ended

Claudio Riva

Chairman of the board of directors · since 13 juin 2022 · until 10 juin 2024

Ended

David Valenti

Director · since 13 juin 2022 · until 10 juin 2024

Ended

David Valentini

Director · since 13 juin 2022 · until 10 juin 2024

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates29/12/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates04/10/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates04/09/2024
DEMISSIONS, NOMINATIONS
PDF
Other28/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates18/10/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates10/08/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates25/07/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates04/08/2020
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

2024
Annual accounts 2024-28,2 M €↑
10/06/2024
nominationClaudio Riva — Président du Conseil
10/06/2024
nominationUmberto Riva — Administrateur-délégué
10/06/2024
nominationDavid Valenti — Administrateur
10/06/2024
nominationAngelo Ippoliti — Administrateur
10/06/2024
reconductionClaudio RIVA — Administrateur
10/06/2024
reconductionUmbiriva SRL — Administrateur
10/06/2024
reconductionDavid VALENTI — Administrateur
10/06/2024
reconductionAngelo IPPOLITI — Administrateur
01/01/2024
nominationUMBIRIVA SRL — administrateur
2023
Annual accounts 2023-35,9 M €↓
01/01/2023
reconductionMazars Réviseurs d'Entreprises SC — Commissaire
2022
Annual accounts 202228,8 M €↓
29/06/2022
nominationDavid Valenti — Administrateur
29/06/2022
nominationDonvito Giovanni — mandataire spécial
29/06/2022
nominationIngrid Duvivier — mandataire spécial
29/06/2022
nominationAngelo Ippoliti — Administrateur
13/06/2022
reconductionClaudio RIVA — Administrateur
13/06/2022
reconductionUmberto RIVA — Administrateur
13/06/2022
reconductionDavid VALENTI — Administrateur
13/06/2022
reconductionAngelo IPPOLITI — Administrateur
13/06/2022
nominationClaudio Riva — Président du Conseil
13/06/2022
nominationUmberto Riva — Administrateur-délégué
2021
Annual accounts 202140,8 M €↑
2020
Annual accounts 2020-11 M €↓
2019
Annual accounts 2019-9 M €↓
2018
Annual accounts 201812,8 M €↑
2017
Annual accounts 20179,1 M €↑
2016
Annual accounts 2016384,9 k €↓
2015
Annual accounts 2015470,4 k €↓
2014
Annual accounts 20146,8 M €↑
2013
Annual accounts 20136,1 M €↓
2011
Annual accounts 201115,4 M €↑
2010
Annual accounts 2010-1,1 M €↑
2009
Annual accounts 2009-1,4 M €↓
2008
Annual accounts 200817,3 M €↓
2007
Annual accounts 200733,1 M €↓
2006
Annual accounts 200634,7 M €
26/04/1989
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

THY MARCINELLE

Overview

What does THY MARCINELLE do?

Trend over 18 financial years

Indicative valuation

Board of directors

Other companies at this address

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