ACTIVE

ARCEO

Financial year 2025 · Closed on 31/12/2025

Net result4,8 M €-38,4 %over 1 year

Revenue0 €

Equity139,1 M €-35,0 %over 1 year

Identity

Source · BCE/KBO

ARCEO is a Public limited company incorporated in 2004. Its main activity is: Manufacture of basic iron and steel and of ferro-alloys. Its registered office is in Liège.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0865.732.522
Incorporation: 10/06/2004
Legal form: Public limited company
Registered office: Avenue Maurice-Destenay 13
4000 Liège · WallonieSee on map
Contributed capital: 136 408 746,61 €
Latest accounts: 31/12/2025

Activities (NACE)

24100Manufacture of basic iron and steel and of ferro-alloys· main 24100Manufacture of basic iron and steel and of ferro-alloys 27100Manufacture of electric motors, generators, transformers and electricity distribution and control apparatus

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflow

Financials

Source · NBB, 21 filings

Trend over 19 financial years

	2025		2024		2023		2022		2020
Income statement
Revenue	0 €		0 €		–		–		–
EBITDA	-231,4 k €	+80.6%	-1,2 M €	-405%	-235,8 k €	-6.5%	-221,3 k €	-4.3%	-212,2 k €
Operating result	-231,4 k €	+14.8%	-271,6 k €	-15.2%	-235,8 k €	-6.5%	-221,3 k €	-4.3%	-212,2 k €
Net result	4,8 M €	-38.4%	7,8 M €	+47.2%	5,3 M €	+97.6%	2,7 M €	-39.3%	4,4 M €
Balance sheet
Equity	139,1 M €	-35.0%	214,1 M €	+0.2%	213,7 M €	+0.1%	213,4 M €	+0.1%	213,1 M €
Total assets	144,1 M €	-35.1%	221,9 M €	+1.3%	219,1 M €	+1.2%	216,5 M €	-0.7%	217,9 M €
Cash	93,7 M €	-7.8%	101,7 M €	+10.2%	92,3 M €	-13.2%	106,3 M €	+75.8%	60,5 M €
Debts	5 M €	-36.4%	7,8 M €	+44.2%	5,4 M €	+76.5%	3,1 M €	-36.1%	4,8 M €
Other
Workforce	–		–		–		–		–

Valuation

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 20 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
SPARAXIS0452.116.307Represented by Renaud Schetter	Director29/05/2024 → 29/05/2030
ARCELORMITTAL HOLDING AND SERVICES BELGIUM0429.496.204Represented by Eric GAILLY	Director27/06/2014 → 29/05/2030
ARCELORMITTAL BELGIUM0400.106.291Represented by Manfred VAN VLIERBERGHE	Director27/06/2014 → 29/05/2030
SOCIETE WALLONNE DE GESTION ET DE PARTICIPATIONS0426.887.397Represented by Renaud WITMEUR	Director07/06/2004 → 29/05/2030

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Renaud SCHETTER	Director11/11/2022 → 2023 accounts
VULCAIN HOLDING0438.672.008Represented by Eric GAILLY	Director27/06/2014 → 2018 accounts
Florence VANDERTHOMMEN	Director02/04/2014 → 2015 accounts

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Avenue Maurice-Destenay 13 4000 Liège

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B.E. Fin● Active	0419.202.029
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CENTRE D'AFFAIRES LIEGE AVROY● Active	0842.182.209
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ESTOR-LUX III● Active	1026.435.588
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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	01/09/2026	12/06/2025	03/07/2024	13/06/2023	24/06/2022	22/06/2021
General meeting	27/05/2026	28/05/2025	29/05/2024	31/05/2023	25/05/2022	26/05/2021
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, 21 filings

Model	Closing	General meeting	Filed	Language	Document
Full modelCorrection	31/12/2025	27/05/2026	01/09/2026	French	PDF
Full model	31/12/2025	27/05/2026	18/06/2026	French	PDF
Full model	31/12/2024	28/05/2025	12/06/2025	French	PDF
Full model	31/12/2023	29/05/2024	03/07/2024	French	PDF
Full model	31/12/2022	31/05/2023	13/06/2023	French	PDF
Full model	31/12/2021	25/05/2022	24/06/2022	French	PDF
Full model	31/12/2020	26/05/2021	22/06/2021	French	PDF
Full model	31/12/2019	27/05/2020	16/07/2020	French	PDF
Full model	31/12/2018	28/06/2019	07/08/2019	French	PDF
Full model	31/12/2017	30/05/2018	25/06/2018	French	PDF
Full model	31/12/2016	31/05/2017	13/06/2017	French	PDF
Full model	31/12/2015	25/05/2016	06/06/2016	French	PDF
Full model	31/12/2014	27/05/2015	14/07/2015	French	PDF
Full model	31/12/2013	28/05/2014	10/09/2014	French	PDF
Full model	31/12/2012	28/06/2013	12/08/2013	French	PDF
Full model	31/12/2011	30/05/2012	19/06/2012	French	PDF
Full model	31/12/2010	25/05/2011	18/07/2011	French	PDF
Full model	31/12/2009	30/06/2010	06/07/2010	French	PDF
Full model	31/12/2008	27/05/2009	15/06/2009	French	PDF
Full model	31/12/2007	28/05/2008	02/07/2008	French	PDF
Full model	31/12/2006	12/06/2007	05/07/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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

4 active · 20 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
SPARAXIS0452.116.307Represented by Renaud Schetter	Director29/05/2024 → 29/05/2030
ARCELORMITTAL HOLDING AND SERVICES BELGIUM0429.496.204Represented by Eric GAILLY	Director27/06/2014 → 29/05/2030
ARCELORMITTAL BELGIUM0400.106.291Represented by Manfred VAN VLIERBERGHE	Director27/06/2014 → 29/05/2030
SOCIETE WALLONNE DE GESTION ET DE PARTICIPATIONS0426.887.397Represented by Renaud WITMEUR	Director07/06/2004 → 29/05/2030

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Renaud SCHETTER	Director11/11/2022 → 2023 accounts
VULCAIN HOLDING0438.672.008Represented by Eric GAILLY	Director27/06/2014 → 2018 accounts
Florence VANDERTHOMMEN	Director02/04/2014 → 2015 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates02/03/2026
DEMISSIONS, NOMINATIONS
PDF
Capital / shares08/08/2025
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates26/03/2025
DEMISSIONS, NOMINATIONS
PDF
Other14/01/2025
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DIVERS
PDF
Mandates13/09/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates11/07/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates09/05/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates28/12/2022
DEMISSIONS, NOMINATIONS
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

Filings19 filings

Mandates

SPARAXIS

ARCELORMITTAL HOLDING AND SERVICES BELGIUM

ARCELORMITTAL BELGIUM

SOCIETE WALLONNE DE GESTION ET DE PARTICIPATIONS

Renaud SCHETTER

VULCAIN HOLDING

Pascale HAMENDE

Florence VANDERTHOMMEN

Bernard DEHUT

Renaud WITMEUR

Jacques PELERIN

Olivier GUTT

Show the 12 other mandates

200420052006200720082009201020112012201320142015201620172018201920202021202220232024202520262027202820292030

ARCEO

Avenue Maurice-Destenay 13 bte 6, 4000 Liège

Director

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Avenue Maurice-Destenay 13, 4000 LiègeCurrent		CBE
Avenue Maurice Destenay b 136 bte 6, 4400 Flémalle	accounts 2025	Accounts 2025 · 2026-00496329
Avenue Maurice-Destenay 13 bte 6, 4000 Liège	accounts 2022 → 2024	Accounts 2024 · 2025-00137217

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
ARCEOCurrent	accounts 2006 → 2025	Accounts 2025 · 2026-00496329

Events

2025
Annual accounts 20254,8 M €↓
30/06/2025
reduction_capital
28/05/2025
reconductionArcelorMittal Belgium · administrateur
28/05/2025
reconductionArcelorMittal Holding and Services Belgium · administrateur
28/05/2025
reconductionSparaxis · administrateur
28/05/2025
reconductionWallonie Entreprendre · administrateur
28/05/2025
reconductionErnst & Young Réviseurs d'Entreprise SRL · Commissaire aux Comptes
01/01/2025
nominationFrederik VAN DE VELDE · représentant permanent d'un administrateur
2024
Annual accounts 20247,8 M €↑
2023
Annual accounts 20235,3 M €↑
31/05/2023
reconductionArcelorMittal Belgium SA · administrateur
31/05/2023
reconductionArcelorMittal Holding and Services Belgium · administrateur
31/05/2023
reconductionRenaud Schetter · administrateur
31/05/2023
reconductionEric Gailly · administrateur
2022
Annual accounts 20222,7 M €↓
11/11/2022
nominationRenaud Schetter · administrateur
25/05/2022
nominationEmst & Young Réviseurs d'Entreprises SRL · commissaire
01/04/2022
nominationSébastien Durieux · représentant permanent
2020
Annual accounts 20204,4 M €↓
2019
Annual accounts 20195,2 M €↓
2018
Annual accounts 20186 M €↓
2017
Annual accounts 20176,4 M €↓
2016
Annual accounts 20168,2 M €↑
2015
Annual accounts 20151,7 M €↑
2014
Annual accounts 2014-1,8 M €↑
2013
Annual accounts 2013-14,5 M €↓
2012
Annual accounts 2012-5,8 M €↓
2011
Annual accounts 2011-3 M €↓
2010
Annual accounts 2010-1,8 M €↑
2009
Annual accounts 2009-2,8 M €↑
2008
Annual accounts 2008-3,9 M €↑
2007
Annual accounts 2007-4 M €↓
2006
Annual accounts 2006-3,4 M €
10/06/2004
IncorporationPublic limited company

ARCEO

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