ACTIVE

NLMK BELGIUM HOLDINGS

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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

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 65231Reinsurance 74151Specialised design activities 82100Office administrative and support activities 82110Combined office administrative service activities+6

Joint committees (1)

Signals

Solid equityHealthy social debtsHigh revenue

Financials

Source · NBB, 32 filings

Trend over 9 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	31,6 M €	-5.1%	33,3 M €	+12.2%	29,6 M €	+23.3%	24 M €	+22.8%	19,6 M €
EBITDA	-4,4 M €	-6413%	70,3 k €	-79.3%	340,2 k €	+321%	-153,7 k €	+92.8%	-2,1 M €
Operating result	-4,9 M €	-972%	-459 k €	-70.8%	-268,7 k €	+45.5%	-493,2 k €	+79.8%	-2,4 M €
Net result	-74 M €	+43.3%	-130,6 M €	+6.4%	-139,5 M €	-4199%	3,4 M €	+407%	-1,1 M €
Balance sheet
Equity	318,9 M €	+49.8%	212,9 M €	-8.8%	233,6 M €	+5.6%	221,1 M €	+49.7%	147,7 M €
Total assets	688,7 M €	+6.3%	647,8 M €	+11.7%	580,1 M €	-15.4%	685,6 M €	+50.4%	455,9 M €
Cash	6,9 M €	-56.1%	15,7 M €	+184%	5,5 M €	+22.6%	4,5 M €	+466%	795,5 k €
Debts	343,3 M €	-16.7%	412,1 M €	+24.0%	332,3 M €	-28.1%	462,3 M €	+50.2%	307,8 M €
Other
Workforce	72,3 ETP	-12.0%	82,2 ETP	+0.7%	81,6 ETP	0.0%	81,6 ETP	-0.5%	82,0 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 · 6 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
GIOVANNI BORINELLI	Director01/11/2024 → 05/06/2030
Wallonie Entreprendre0793.630.244Represented by Sarah Krins	Director10/09/2023 → 06/06/2029
BAREND DE VOS	Chairman of the board of directors29/06/2023 → 06/06/2029Director07/06/2017 → 02/05/2029ended
SEBASTIEN DURIEUX	Director19/12/2022 → 07/06/2028
HORACIO MALFATTO	Director07/06/2017 → 02/03/2028

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
CORNELIUS LOUWRENS	Director15/03/2023 → 03/05/2028
FLORENCE VANDERTHOMMEN	Director03/06/2020 → 09/09/2023

Other companies at this address

Rue des Rivaux(L.L) 2 7100 La Louvière

Company	CBE no.
NLMK Belgium Holdings Group● Active	1013.844.097
NLMK LA LOUVIERE● Active	0417.374.172
TUBES DE HAREN ET NIMY● Active	0405.746.149

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	04/09/2026	08/07/2025	01/08/2024	17/07/2023	10/06/2022	19/07/2021
General meeting	31/08/2026	30/06/2025	27/06/2024	29/06/2023	04/05/2022	05/05/2021
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, 32 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	31/08/2026	04/09/2026	French	PDF
Full model	31/12/2024	30/06/2025	08/07/2025	French	PDF
Consolidated accounts	31/12/2024	20/08/2025	09/10/2025	French	PDF
Full model	31/12/2023	27/06/2024	01/08/2024	French	PDF
Consolidated accounts	31/12/2023	15/07/2024	22/07/2024	French	PDF
Full model	31/12/2022	29/06/2023	17/07/2023	French	PDF
Consolidated accounts	31/12/2022	29/06/2023	14/11/2023	French	PDF
Full model	31/12/2021	04/05/2022	10/06/2022	French	PDF
Consolidated accounts	31/12/2021	04/05/2022	13/06/2022	French	PDF
Full model	31/12/2020	05/05/2021	19/07/2021	French	PDF
Consolidated accounts	31/12/2020	05/05/2021	08/07/2021	French	PDF
Full model	31/12/2019	03/06/2020	22/06/2020	French	PDF
Consolidated accounts	31/12/2019	03/06/2020	22/06/2020	French	PDF
Full model	31/12/2018	05/06/2019	14/06/2019	French	PDF
Consolidated accounts	31/12/2018	05/06/2019	26/06/2019	French	PDF
Full model	31/12/2017	06/06/2018	21/06/2018	French	PDF
Consolidated accounts	31/12/2017	06/06/2018	06/07/2018	French	PDF
Full model	31/12/2016	07/06/2017	23/06/2017	French	PDF
Consolidated accounts	31/12/2016	07/06/2017	04/07/2017	French	PDF
Full model	31/12/2015	01/06/2016	08/06/2016	French	PDF
Consolidated accounts	31/12/2015	01/06/2016	07/06/2016	French	PDF
Full model	31/12/2014	03/06/2015	16/06/2015	French	PDF
Consolidated accounts	31/12/2014	03/06/2015	23/06/2015	French	PDF
Full model	31/12/2013	04/06/2014	08/09/2014	French	PDF
Consolidated accounts	31/12/2013	15/07/2014	04/08/2014	French	PDF
Full model	31/12/2012	05/06/2013	19/06/2013	French	PDF
Full model	31/12/2011	06/06/2012	20/06/2012	French	PDF
Full model	31/12/2010	01/06/2011	16/06/2011	French	PDF
Full model	31/12/2009	02/06/2010	07/07/2010	French	PDF
Full model	31/12/2008	03/06/2009	25/06/2009	French	PDF
Full model	30/09/2007	21/02/2008	20/03/2008	French	PDF
Full model	30/09/2006	15/02/2007	16/03/2007	French	PDF

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 · 6 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
GIOVANNI BORINELLI	Director01/11/2024 → 05/06/2030
Wallonie Entreprendre0793.630.244Represented by Sarah Krins	Director10/09/2023 → 06/06/2029
BAREND DE VOS	Chairman of the board of directors29/06/2023 → 06/06/2029Director07/06/2017 → 02/05/2029ended
SEBASTIEN DURIEUX	Director19/12/2022 → 07/06/2028
HORACIO MALFATTO	Director07/06/2017 → 02/03/2028

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
CORNELIUS LOUWRENS	Director15/03/2023 → 03/05/2028
FLORENCE VANDERTHOMMEN	Director03/06/2020 → 09/09/2023

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

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings9 filings

Mandates

GIOVANNI BORINELLI

Wallonie Entreprendre

BAREND DE VOS

SEBASTIEN DURIEUX

HORACIO MALFATTO

CORNELIUS LOUWRENS

FLORENCE VANDERTHOMMEN

Renaud WITMEUR

MARIA STAROSTINA

Igor SARKITS

Philippe BUELEN

2000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024202520262027202820292030

NLMK BELGIUM HOLDINGS

Rue des Rivaux(L.L) 2, 7100 La Louvière

Director

Chairman of the board of directorsDirector

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue des Rivaux(L.L) 2, 7100 La LouvièreCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00509563

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
NLMK BELGIUM HOLDINGSCurrent	accounts 2017 → 2025	Accounts 2025 · 2026-00509563

Events

2025
Annual accounts 2025-74 M €↑
16/12/2025
augmentation_capital
30/06/2025
reconductionCatherine Saey · commissaire
30/06/2025
reconductionSara Van Heghe · commissaire
2024
Annual accounts 2024-130,6 M €↑
24/12/2024
reduction_capital
23/12/2024
augmentation_capital
01/11/2024
nominationGiovanni BORINELLI · administrateur
28/06/2024
reduction_capital
05/03/2024
augmentation_capital
2023
Annual accounts 2023-139,5 M €↓
27/11/2023
augmentation_capital
10/09/2023
nominationWALLONIE ENTREPRENDRE SA · administrateur
29/06/2023
reconductionBarend de Vos · administrateur
20/04/2023
augmentation_capital
30/03/2023
nominationCornelius Louwrens · administrateur
01/01/2023
nominationCornelius Louwrens · délégué à la gestion journalière
2022
Annual accounts 20223,4 M €↑
19/12/2022
nominationSébastien Durieux · administrateur
01/09/2022
nominationCatherine Saey · commissaire
01/09/2022
nominationSara Van Heghe · commissaire
24/05/2022
augmentation_capital
03/03/2022
nominationHoracio MALFATTO · administrateur
2021
Annual accounts 2021-1,1 M €↑
2020
Annual accounts 2020-282,1 M €↓
2019
Annual accounts 2019-98,4 M €↑
2018
Annual accounts 2018-242,4 M €↓
2017
Annual accounts 2017-166,8 M €
23/10/2000
IncorporationPublic limited company

NLMK BELGIUM HOLDINGS

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events