ACTIVE

John Cockerill Hydrogen Belgium

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Financial year 2025 · closed on 31/12/2025
Net result
-99,7 M €
-1.8% YoY
Revenue
14,3 M €
+41.2% YoY
Equity
22,0 M €
-64.1% YoY
Workforce
143,2 ETP
-16.2% YoY

What does John Cockerill Hydrogen Belgium do?

John Cockerill Hydrogen Belgium is a Public limited company incorporated in 2021. Its main activity is: Production of electricity. Its registered office is in Seraing. It employs on average 143,2 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0772.789.892
Incorporation
24/08/2021
Legal form
Public limited company
Registered office
Rue Jean Potier 1
4100 Seraing · Wallonie
Contributed capital
25 305 404,21 €
Latest accounts
31/12/2025
Average workforce
143,2 ETP
Activities (NACE)
35110Production of electricity· main35110Production of electricity46645Wholesale of machinery for the textile industry and of sewing and knitting machines71121Engineering activities and related technical consultancy71121Engineering activities and related technical consultancy
Joint committees (1)
  • 209
Signals
Healthy social debtsHigh revenue
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 4 financial years

2025202420232022
Income statement
Revenue14,3 M €10,1 M €2,5 M €2,6 M €
EBITDA-35,9 M €-37,0 M €-30,8 M €-13,3 M €
Operating result-70,2 M €-40,7 M €-36,1 M €-15,4 M €
Net result-99,7 M €-97,9 M €-42,3 M €-16,4 M €
Balance sheet
Equity22,0 M €61,3 M €-46,1 M €-11,3 M €
Total assets161,9 M €160,9 M €134,9 M €66,8 M €
Cash1,3 M €37,9 M €7,9 M €1,5 M €
Debts113,2 M €96,6 M €177,4 M €77,8 M €
Other
Workforce143,2 ETP170,8 ETP174,5 ETP69,6 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 8 ended

Active mandates

Jeremie MOULES

Director · since 04 juin 2026 · until 30 juin 2026

Active
Nicolas BENOIT de COIGNAC

Managing director · since 15 juillet 2025 · until 30 juin 2026

Active
Stéphane PUTZEYS

Director · since 17 juillet 2024 · until 15 juillet 2025

Active
Bruno BAYET

Director · since 24 mai 2024 · until 22 mai 2026

Active
Raphaël TILOT

Director · since 26 avril 2023 · until 11 mars 2026

Active

Ended mandates

Stéphane PUTZEYS

Director · since 17 juillet 2024 · until 29 avril 2026

Ended
Bruno BAYET

Director · since 24 mai 2024 · until 29 avril 2026

Ended
Raphaël TILOT

Managing director · since 26 avril 2023 · until 29 avril 2026

Ended
Yves HONHON

Director · since 26 avril 2023 · until 23 mai 2024

Ended
At this address

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Annual accounts

Full financial information

2025202420232022
Type of accountFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202324/08/2021
Closing of the financial year31/12/202531/12/202431/12/202331/12/2022
Length of the financial year12 months12 months12 months17 months
Filing date07/07/202618/07/202507/08/202417/05/2023
General meeting30/06/202630/06/202517/07/202426/04/2023
Currency of the financial yearEUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

4 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202530/06/202607/07/2026FrenchPDF
Full model31/12/202430/06/202518/07/2025FrenchPDF
Full model31/12/202317/07/202407/08/2024FrenchPDF
Full model31/12/202226/04/202317/05/2023FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 31/12/2025 · 5 active · 8 ended

Active mandates

Jeremie MOULES

Director · since 04 juin 2026 · until 30 juin 2026

Active
Nicolas BENOIT de COIGNAC

Managing director · since 15 juillet 2025 · until 30 juin 2026

Active
Stéphane PUTZEYS

Director · since 17 juillet 2024 · until 15 juillet 2025

Active
Bruno BAYET

Director · since 24 mai 2024 · until 22 mai 2026

Active
Raphaël TILOT

Director · since 26 avril 2023 · until 11 mars 2026

Active

Ended mandates

Stéphane PUTZEYS

Director · since 17 juillet 2024 · until 29 avril 2026

Ended
Bruno BAYET

Director · since 24 mai 2024 · until 29 avril 2026

Ended
Raphaël TILOT

Managing director · since 26 avril 2023 · until 29 avril 2026

Ended
Yves HONHON

Director · since 26 avril 2023 · until 23 mai 2024

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates17/08/2026
    Démission - Nomination
    PDF
  • Mandates06/05/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates27/02/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares30/12/2025
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - CAPITAL, ACTIONS
    PDF
  • Capital / shares28/10/2025
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - CAPITAL, ACTIONS
    PDF
  • Mandates23/09/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Other06/06/2025
    DIVERS
    PDF
  • Capital / shares24/12/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DIVERS - CAPITAL, ACTIONS
    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

Timeline

  1. 2025
    Annual accounts 2025-99,7 M €↓
  2. 24/12/2025
    augmentation_capital
  3. 24/12/2025
    reduction_capital
  4. 24/10/2025
    augmentation_capital
  5. 15/07/2025
    nominationNicolas BENOIT de COIGNAC — administrateur
  6. 15/07/2025
    nominationNicolas BENOIT de COIGNAC — administrateur-délégué
  7. 2024
    Annual accounts 2024-97,9 M €↓
  8. 20/12/2024
    apportJohn Cockerill Hydrogen SAS
  9. 20/12/2024
    reduction_capital
  10. 24/05/2024
    nominationBruno Bayet — administrateur
  11. 24/05/2024
    nominationBruno Bayet — Administrateur
  12. 2023
    Annual accounts 2023-42,3 M €↓
  13. 26/04/2023
    reconductionRaphael TILOT — Administrateur
  14. 26/04/2023
    reconductionYves HONHON — Administrateur
  15. 26/04/2023
    reconductionDeloitte Réviseurs d'entreprises SCRL — Commissaire
  16. 2022
    Annual accounts 2022-16,4 M €
  17. 01/01/2022
    augmentation_capital
  18. 24/08/2021
    IncorporationPublic limited company