ACTIVE

HYDROGENICS EUROPE

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Financial year 2023 · Closed on 31/12/2023

Net result-60,6 M €-159,3 %over 1 year
Revenue5,1 M €-76,8 %over 1 year
Equity85,3 M €+618,9 %over 1 year
Workforce219,1 ETP+46,4 %over 1 year

Identity

Source · BCE/KBO

HYDROGENICS EUROPE is a Public limited company incorporated in 2000. Its main activity is: Manufacture of other special-purpose machinery n.e.c.. Its registered office is in Westerlo. It employs on average 219,1 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0473.539.251
Incorporation
15/12/2000
Legal form
Public limited company
Registered office
Nijverheidsstraat 48 box C
2260 Westerlo · FlandreSee on map
Contributed capital
169 227 000,00 €
Latest accounts
31/12/2023
Average workforce
219,1 ETP
Joint committees (2)
  • 111
  • 209
Signals
Solid equityHealthy social debtsHigh revenue

Financials

Source · NBB, 19 filings

Trend over 18 financial years

20232022202120202019
Income statement
Revenue5,1 M €22,2 M €15,7 M €15,2 M €13 M €
EBITDA-50,7 M €-22,1 M €-12,7 M €-5,9 M €-4,6 M €
Operating result-60,1 M €-23,2 M €-13,1 M €-6,3 M €-4,3 M €
Net result-60,6 M €-23,4 M €-13,2 M €-6,3 M €-4,4 M €
Balance sheet
Equity85,3 M €11,9 M €4,4 M €2,6 M €4 M €
Total assets193,1 M €84,7 M €33,9 M €20,2 M €16,5 M €
Cash18,5 M €1,7 M €1,7 M €4,7 M €3,1 M €
Debts92,3 M €65,8 M €25,4 M €13,5 M €10,2 M €
Other
Workforce219,1 ETP149,7 ETP102,7 ETP79,5 ETP72,9 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2023

5 active · 24 ended

Active mandates

Cory Treadaway

Director · since 30 septembre 2023 · until 03 juin 2029

Active
Zech Christian

Director · since 30 septembre 2023 · until 03 juin 2029

Active
Alexey Ustinov

Director · since 20 juillet 2022 · until 21 juillet 2023

Active
Piet Berens

Director · since 21 janvier 2020 · until 03 juin 2025

Active
Mieke Johan Sampermans

Director · since 05 décembre 2019 · until 03 octobre 2023

Active

Ended mandates

Alexey Ustinov

Director · since 20 juillet 2022 · until 06 juin 2028

Ended
Amy Mullane Adams

Director · since 05 décembre 2019 · until 20 juillet 2022

Ended
Amy Mullane Adams

Director · since 05 décembre 2019 · until 03 juin 2025

Ended
Mieke Johan Sampermans

Director · since 05 décembre 2019 · until 03 juin 2025

Ended

Other companies at this address

Nijverheidsstraat 48 2260 Westerlo
CompanyCBE no.
A.A.P-TANKS● Active
0890.430.405
FIRERETARD.COM● Active
0860.820.758
staes.com● Active
0450.544.412

Full financial information

Source · NBB
202320222021202020192018
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202301/01/202201/01/202101/01/202001/01/201901/01/2018
Closing of the financial year31/12/202331/12/202231/12/202131/12/202031/12/201931/12/2018
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date05/07/202430/06/202314/06/202215/06/202124/08/202021/06/2019
General meeting26/06/202427/06/202307/06/202201/06/202102/06/202004/06/2019
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, 19 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202326/06/202405/07/2024DutchPDF
Consolidated accounts31/12/202304/06/202425/06/2024DutchPDF
Full model31/12/202227/06/202330/06/2023DutchPDF
Full model31/12/202107/06/202214/06/2022DutchPDF
Full model31/12/202001/06/202115/06/2021DutchPDF
Full model31/12/201902/06/202024/08/2020DutchPDF
Full model31/12/201804/06/201921/06/2019DutchPDF
Full model31/12/201719/06/201804/07/2018DutchPDF
Full model31/12/201606/06/201714/06/2017DutchPDF
Full model31/12/201507/06/201627/06/2016DutchPDF
Full model31/12/201402/06/201509/06/2015DutchPDF
Full model31/12/201303/06/201413/06/2014DutchPDF
Full model31/12/201204/06/201318/06/2013DutchPDF
Full model31/12/201129/06/201204/07/2012DutchPDF
Full model31/12/201028/06/201114/07/2011DutchPDF
Full model31/12/200930/07/201005/08/2010DutchPDF
Full model31/12/200830/06/200909/07/2009DutchPDF
Full model31/12/200730/06/200824/07/2008DutchPDF
Full model31/12/200612/06/200726/06/2007DutchPDF

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.

Board of directors

Source · NBB, accounts to 31/12/2023

5 active · 24 ended

Active mandates

Cory Treadaway

Director · since 30 septembre 2023 · until 03 juin 2029

Active
Zech Christian

Director · since 30 septembre 2023 · until 03 juin 2029

Active
Alexey Ustinov

Director · since 20 juillet 2022 · until 21 juillet 2023

Active
Piet Berens

Director · since 21 janvier 2020 · until 03 juin 2025

Active
Mieke Johan Sampermans

Director · since 05 décembre 2019 · until 03 octobre 2023

Active

Ended mandates

Alexey Ustinov

Director · since 20 juillet 2022 · until 06 juin 2028

Ended
Amy Mullane Adams

Director · since 05 décembre 2019 · until 20 juillet 2022

Ended
Amy Mullane Adams

Director · since 05 décembre 2019 · until 03 juin 2025

Ended
Mieke Johan Sampermans

Director · since 05 décembre 2019 · until 03 juin 2025

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates03/03/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates29/12/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares18/12/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Capital / shares03/01/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Mandates14/10/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares04/01/2024
    KAPITAAL - AANDELEN
    PDF
  • Mandates11/12/2023
    ONTSLAGEN - BENOEMINGEN - DIVERSEN
    PDF
  • Mandates26/10/2023
    ONTSLAGEN - BENOEMINGEN
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 02/02/2026
    nominationJose Luis de Alba Rovira — bestuurder
  2. 12/12/2025
    augmentation_capital
  3. 01/12/2025
    nominationTimothy James William Proctor — bestuurder
  4. 19/12/2024
    augmentation_capital
  5. 31/07/2024
    nominationPetrus Johannes Meijerink — bestuurder
  6. 2023
    Annual accounts 2023-60,6 M €↓
  7. 07/12/2023
    augmentation_capital
  8. 30/09/2023
    nominationCory Treadaway — bestuurder
  9. 30/09/2023
    nominationChristian Zech — bestuurder
  10. 27/06/2023
    reconductionSofie Van Grieken — commissaris (vaste vertegenwoordiger)
  11. 27/02/2023
    augmentation_capital
  12. 2022
    Annual accounts 2022-23,4 M €↓
  13. 28/09/2022
    augmentation_capital
  14. 28/09/2022
    reduction_capital
  15. 20/07/2022
    nominationAlexey Ustinov — bestuurder
  16. 2021
    Annual accounts 2021-13,2 M €↓
  17. 2020
    Annual accounts 2020-6,3 M €↓
  18. 2019
    Annual accounts 2019-4,4 M €↓
  19. 2018
    Annual accounts 2018-1,9 M €↓
  20. 2017
    Annual accounts 2017-1,7 M €↓
  21. 2016
    Annual accounts 2016-1,5 M €↑
  22. 2015
    Annual accounts 2015-2,1 M €↓
  23. 2014
    Annual accounts 2014911,5 k €↑
  24. 2013
    Annual accounts 2013-1,6 M €↑
  25. 2012
    Annual accounts 2012-1,9 M €↓
  26. 2011
    Annual accounts 2011-977,7 k €↑
  27. 2010
    Annual accounts 2010-1,5 M €↑
  28. 2009
    Annual accounts 2009-2,5 M €↓
  29. 2008
    Annual accounts 2008921,1 k €↑
  30. 2007
    Annual accounts 2007-12,2 M €↓
  31. 2006
    Annual accounts 2006-10,4 M €
  32. 15/12/2000
    IncorporationPublic limited company