ACTIVE

John Cockerill Hydrogen Belgium

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Financial year 2025 · Closed on 31/12/2025

Net result-99,7 M €-1,8 %over 1 year
Revenue14,3 M €+41,2 %over 1 year
Equity22 M €-64,1 %over 1 year
Workforce143,2 ETP-16,2 %over 1 year

Identity

Source · BCE/KBO

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
Joint committees (1)
  • 209
Signals
Healthy social debtsHigh revenue

Financials

Source · NBB, 4 filings

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 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 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

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 1 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Jeremie MOULES
Director04/06/2026 → 30/06/2026
Nicolas BENOIT de COIGNAC
Managing director15/07/2025 → 30/06/2026
Stéphane PUTZEYS
Director17/07/2024 → 29/04/2026
Bruno BAYET
Director24/05/2024 → 22/05/2026
Raphaël TILOT
Director26/04/2023 → 11/03/2026Managing director24/08/2021 → 2024 accountsended

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Yves HONHON
Director26/04/2023 → 23/05/2024Vice-chairman of the board of directors24/08/2021 → 2022 accounts

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Rue Jean Potier 1 4100 Seraing
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Full financial information

Source · NBB
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 4 filings
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

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.

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 1 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Jeremie MOULES
Director04/06/2026 → 30/06/2026
Nicolas BENOIT de COIGNAC
Managing director15/07/2025 → 30/06/2026
Stéphane PUTZEYS
Director17/07/2024 → 29/04/2026
Bruno BAYET
Director24/05/2024 → 22/05/2026
Raphaël TILOT
Director26/04/2023 → 11/03/2026Managing director24/08/2021 → 2024 accountsended

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Yves HONHON
Director26/04/2023 → 23/05/2024Vice-chairman of the board of directors24/08/2021 → 2022 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates17/08/2026
    Démission - Nomination
    PDF
  • Mandates29/07/2026
    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

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
Filings4 filings
Mandates
Jeremie MOULES
Nicolas BENOIT de COIGNAC
Stéphane PUTZEYS
Bruno BAYET
Raphaël TILOT
Yves HONHON
202120222023202420252026
John Cockerill Hydrogen Belgium
Rue Jean Potier 1, 4100 Seraing
Managing director
Director
Director
DirectorManaging director
Vice-chairman of the board of directors
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Rue Jean Potier 1, 4100 SeraingCurrent
accounts 2022 → 2025
Accounts 2025 · 2026-00280439

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
John Cockerill Hydrogen BelgiumCurrent
accounts 2022 → 2025
Accounts 2025 · 2026-00280439

Events

  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