ACTIVE

NLMK BELGIUM HOLDINGS

Financial year 2025 · Closed on 31/12/2025

Net result-74 M €+43,3 %over 1 year
Revenue31,6 M €-5,1 %over 1 year
Equity318,9 M €+49,8 %over 1 year
Workforce72,3 ETP-12,0 %over 1 year

Identity

Source · BCE/KBO

NLMK BELGIUM HOLDINGS is a Public limited company incorporated in 2000. Its main activity is: Activities of holding companies. Its registered office is in La Louvière. It employs on average 72,3 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0473.110.669
Incorporation
23/10/2000
Legal form
Public limited company
Registered office
Rue des Rivaux(L.L) 2
7100 La Louvière · WallonieSee on map
Contributed capital
395 000 000,00 €
Latest accounts
31/12/2025
Average workforce
72,3 ETP
Joint committees (1)
  • 210
Signals
Solid equityHealthy social debtsHigh revenue

Financials

Source · NBB, 32 filings

Trend over 9 financial years

20252024202320222021
Income statement
Revenue31,6 M €33,3 M €29,6 M €24 M €19,6 M €
EBITDA-4,4 M €70,3 k €340,2 k €-153,7 k €-2,1 M €
Operating result-4,9 M €-459 k €-268,7 k €-493,2 k €-2,4 M €
Net result-74 M €-130,6 M €-139,5 M €3,4 M €-1,1 M €
Balance sheet
Equity318,9 M €212,9 M €233,6 M €221,1 M €147,7 M €
Total assets688,7 M €647,8 M €580,1 M €685,6 M €455,9 M €
Cash6,9 M €15,7 M €5,5 M €4,5 M €795,5 k €
Debts343,3 M €412,1 M €332,3 M €462,3 M €307,8 M €
Other
Workforce72,3 ETP82,2 ETP81,6 ETP81,6 ETP82,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 250 M€ and 500 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 25 ended

Active mandates

GIOVANNI BORINELLI

Director · since 01 novembre 2024 · until 05 juin 2030

Active
Wallonie Entreprendre

Director · since 10 septembre 2023 · until 06 juin 2029 · 0793.630.244

Represented by Sarah Krins

Active
BAREND DE VOS

Chairman of the board of directors · since 29 juin 2023 · until 06 juin 2029

Active
SEBASTIEN DURIEUX

Director · since 19 décembre 2022 · until 07 juin 2028

Active
HORACIO MALFATTO

Director · since 03 mars 2022 · until 02 mars 2028

Active

Ended mandates

Wallonie Entreprendre

Director · since 10 septembre 2023 · until 02 mai 2029 · 0793.630.244

Represented by Sarah Krins

Ended
BAREND DE VOS

Director · since 29 juin 2023 · until 02 mai 2029

Ended
CORNELIUS LOUWRENS

Director · since 30 mars 2023 · until 03 mai 2028

Ended
CORNELIUS LOUWRENS

Director · since 15 mars 2023 · until 31 octobre 2024

Ended

Other companies at this address

Rue des Rivaux(L.L) 2 7100 La Louvière
CompanyCBE no.
1013.844.097
0417.374.172
0405.746.149

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 date04/09/202608/07/202501/08/202417/07/202310/06/202219/07/2021
General meeting31/08/202630/06/202527/06/202429/06/202304/05/202205/05/2021
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, 32 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202531/08/202604/09/2026FrenchPDF
Full model31/12/202430/06/202508/07/2025FrenchPDF
Consolidated accounts31/12/202420/08/202509/10/2025FrenchPDF
Full model31/12/202327/06/202401/08/2024FrenchPDF
Consolidated accounts31/12/202315/07/202422/07/2024FrenchPDF
Full model31/12/202229/06/202317/07/2023FrenchPDF
Consolidated accounts31/12/202229/06/202314/11/2023FrenchPDF
Full model31/12/202104/05/202210/06/2022FrenchPDF
Consolidated accounts31/12/202104/05/202213/06/2022FrenchPDF
Full model31/12/202005/05/202119/07/2021FrenchPDF
Consolidated accounts31/12/202005/05/202108/07/2021FrenchPDF
Full model31/12/201903/06/202022/06/2020FrenchPDF
Consolidated accounts31/12/201903/06/202022/06/2020FrenchPDF
Full model31/12/201805/06/201914/06/2019FrenchPDF
Consolidated accounts31/12/201805/06/201926/06/2019FrenchPDF
Full model31/12/201706/06/201821/06/2018FrenchPDF
Consolidated accounts31/12/201706/06/201806/07/2018FrenchPDF
Full model31/12/201607/06/201723/06/2017FrenchPDF
Consolidated accounts31/12/201607/06/201704/07/2017FrenchPDF
Full model31/12/201501/06/201608/06/2016FrenchPDF
Consolidated accounts31/12/201501/06/201607/06/2016FrenchPDF
Full model31/12/201403/06/201516/06/2015FrenchPDF
Consolidated accounts31/12/201403/06/201523/06/2015FrenchPDF
Full model31/12/201304/06/201408/09/2014FrenchPDF

View all 32 filings

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 M€ and 500 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

5 active · 25 ended

Active mandates

GIOVANNI BORINELLI

Director · since 01 novembre 2024 · until 05 juin 2030

Active
Wallonie Entreprendre

Director · since 10 septembre 2023 · until 06 juin 2029 · 0793.630.244

Represented by Sarah Krins

Active
BAREND DE VOS

Chairman of the board of directors · since 29 juin 2023 · until 06 juin 2029

Active
SEBASTIEN DURIEUX

Director · since 19 décembre 2022 · until 07 juin 2028

Active
HORACIO MALFATTO

Director · since 03 mars 2022 · until 02 mars 2028

Active

Ended mandates

Wallonie Entreprendre

Director · since 10 septembre 2023 · until 02 mai 2029 · 0793.630.244

Represented by Sarah Krins

Ended
BAREND DE VOS

Director · since 29 juin 2023 · until 02 mai 2029

Ended
CORNELIUS LOUWRENS

Director · since 30 mars 2023 · until 03 mai 2028

Ended
CORNELIUS LOUWRENS

Director · since 15 mars 2023 · until 31 octobre 2024

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates06/01/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares19/12/2025
    CAPITAL, ACTIONS
    PDF
  • Other06/10/2025
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Other30/09/2025
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Other24/06/2025
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates07/01/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares31/12/2024
    CAPITAL, ACTIONS - ASSEMBLEE GENERALE
    PDF
  • Capital / shares30/12/2024
    CAPITAL, ACTIONS
    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 2025-74 M €↑
  2. 16/12/2025
    augmentation_capital
  3. 30/06/2025
    reconductionCatherine Saey — commissaire
  4. 30/06/2025
    reconductionSara Van Heghe — commissaire
  5. 2024
    Annual accounts 2024-130,6 M €↑
  6. 24/12/2024
    reduction_capital
  7. 23/12/2024
    augmentation_capital
  8. 01/11/2024
    nominationGiovanni BORINELLI — administrateur
  9. 28/06/2024
    reduction_capital
  10. 05/03/2024
    augmentation_capital
  11. 2023
    Annual accounts 2023-139,5 M €↓
  12. 27/11/2023
    augmentation_capital
  13. 10/09/2023
    nominationWALLONIE ENTREPRENDRE SA — administrateur
  14. 29/06/2023
    reconductionBarend de Vos — administrateur
  15. 20/04/2023
    augmentation_capital
  16. 30/03/2023
    nominationCornelius Louwrens — administrateur
  17. 01/01/2023
    nominationCornelius Louwrens — délégué à la gestion journalière
  18. 2022
    Annual accounts 20223,4 M €↑
  19. 19/12/2022
    nominationSébastien Durieux — administrateur
  20. 01/09/2022
    nominationCatherine Saey — commissaire
  21. 01/09/2022
    nominationSara Van Heghe — commissaire
  22. 24/05/2022
    augmentation_capital
  23. 03/03/2022
    nominationHoracio MALFATTO — administrateur
  24. 2021
    Annual accounts 2021-1,1 M €↑
  25. 2020
    Annual accounts 2020-282,1 M €↓
  26. 2019
    Annual accounts 2019-98,4 M €↑
  27. 2018
    Annual accounts 2018-242,4 M €↓
  28. 2017
    Annual accounts 2017-166,8 M €
  29. 23/10/2000
    IncorporationPublic limited company