ACTIVE

AURUBIS OLEN

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Financial year 2025 · closed on 30/09/2025

Net result

38 M €

-51.3% YoY

Revenue

4,2 Md €

+3.9% YoY

Equity

976 M €

+4.0% YoY

Workforce

704,0 ETP

+1.7% YoY

What does AURUBIS OLEN do?

AURUBIS OLEN is a Public limited company incorporated in 2005. Its registered office is in Olen. It employs on average 704,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0873.533.993

Incorporation

28/04/2005

Legal form

Public limited company

Registered office

Watertorenstraat 35
2250 Olen · FlandreSee on map

Contributed capital

415 926 584,71 €

Latest accounts

30/09/2025

Average workforce

704,0 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Revenue	4,2 Md €	+3.9%	4 Md €	+10.4%	3,7 Md €	-7.9%	4 Md €	+18.0%	3,4 Md €	+31.8%	2,6 Md €	+1.2%	2,5 Md €	-2.3%	2,6 Md €	+12.6%	2,3 Md €	+18.1%	1,9 Md €	-13.4%	2,2 Md €	-3.4%	2,3 Md €	-7.3%	2,5 Md €	-11.1%	2,8 Md €	-8.3%	3,1 Md €	+28.6%	2,4 Md €	+44.2%	1,7 Md €	+5612147%	29,5 k €
EBITDA	71,9 M €	-35.9%	112,2 M €	+36.6%	82,1 M €	+62.0%	50,7 M €	-45.2%	92,5 M €	+65.6%	55,9 M €	+11.8%	50 M €	+21.4%	41,2 M €	+48.4%	27,8 M €	+4.3%	26,6 M €	-5.1%	28 M €	+148%	11,3 M €	-36.8%	17,9 M €	-31.1%	26 M €	-34.2%	39,5 M €	-29.6%	56,1 M €	+58.8%	35,4 M €	+439%	-10,4 M €
Operating result	54 M €	-46.9%	101,7 M €	+40.4%	72,4 M €	+57.0%	46,1 M €	-45.5%	84,6 M €	+73.0%	48,9 M €	+11.8%	43,7 M €	+24.6%	35,1 M €	+60.7%	21,8 M €	+10.6%	19,7 M €	-4.7%	20,7 M €	+389%	4,2 M €	-61.7%	11,1 M €	-45.8%	20,4 M €	-37.8%	32,8 M €	-35.4%	50,7 M €	+68.6%	30,1 M €	+387%	-10,5 M €
Net result	38 M €	-51.3%	78,1 M €	+48.0%	52,7 M €	-11.0%	59,2 M €	+23.6%	47,9 M €	+53.6%	31,2 M €	+0.6%	31 M €	+49.7%	20,7 M €	+20.7%	17,2 M €	-7.1%	18,5 M €	+279%	-10,3 M €	-155%	-4,1 M €	-122%	18,2 M €	-54.8%	40,3 M €	+30.9%	30,8 M €	-40.7%	51,9 M €	-44.3%	93,2 M €	-65.2%	267,5 M €
Balance sheet
Equity	976 M €	+4.0%	938,1 M €	+9.2%	859 M €	+6.5%	806,3 M €	+1.2%	797,1 M €	-0.3%	799,2 M €	+0.1%	798 M €	+0.1%	796,9 M €	+0.1%	796,2 M €	+0.9%	789,1 M €	+2.4%	770,6 M €	-1.3%	780,9 M €	-0.5%	784,9 M €	-1.1%	793,7 M €	+2.2%	776,4 M €	+38.5%	560,6 M €	-3.1%	578,6 M €	+14.5%	505,5 M €
Total assets	1,3 Md €	+5.0%	1,2 Md €	+5.8%	1,2 Md €	+10.3%	1,1 Md €	-2.2%	1,1 Md €	-4.4%	1,1 Md €	+9.4%	1 Md €	-0.0%	1 Md €	+9.1%	956,1 M €	+7.2%	891,6 M €	+0.5%	887,2 M €	-0.9%	895,2 M €	-7.4%	966,3 M €	-9.0%	1,1 Md €	+4.1%	1 Md €	+24.1%	822,3 M €	-1.4%	834,1 M €	+29.8%	642,8 M €
Cash	14,5 k €	-25.9%	19,5 k €	-99.0%	2,1 M €	-70.8%	7 M €	+105%	3,4 M €	+35.9%	2,5 M €	-41.0%	4,3 M €	-73.9%	16,4 M €	-15.4%	19,4 M €	+662%	2,5 M €	-38.1%	4,1 M €	+9.6%	3,7 M €	-59.6%	9,3 M €	-76.4%	39,3 M €	+445%	7,2 M €	-20.9%	9,1 M €	-88.0%	76,3 M €	+2655%	2,8 M €
Debts	325,1 M €	+7.9%	301,4 M €	-1.2%	304,9 M €	+23.7%	246,6 M €	-10.4%	275,1 M €	-16.3%	328,7 M €	+41.3%	232,7 M €	-0.0%	232,7 M €	+53.9%	151,2 M €	+60.8%	94,1 M €	-13.2%	108,3 M €	+6.5%	101,7 M €	-40.8%	171,8 M €	-33.3%	257,5 M €	+21.7%	211,5 M €	-14.9%	248,7 M €	+1.6%	244,8 M €	+81.3%	135 M €
Other
Workforce	704,0 ETP	+1.7%	691,9 ETP	+4.0%	665,4 ETP	+6.1%	626,9 ETP	+0.8%	621,8 ETP	-2.8%	639,7 ETP	+1.6%	629,4 ETP	+7.3%	586,5 ETP	+0.7%	582,3 ETP	+5.8%	550,5 ETP	+4.7%	525,6 ETP	+1.4%	518,1 ETP	+3.2%	501,8 ETP	+6.0%	473,2 ETP	+2.8%	460,1 ETP	+4.9%	438,5 ETP	-6.1%	467,2 ETP	+3387%	13,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 M€ and 1.000 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 3 active · 44 ended

Active mandates

Hans Van de Water

Managing director · since 01 octobre 2024 · until 14 février 2030

Active

Dirk Vandenberghe

Director · since 01 janvier 2023 · until 08 février 2029

Active

Inge Hofkens

Chairman of the board of directors · since 04 janvier 2021 · until 11 février 2027

Active

Ended mandates

Dirk Vandenberghe

Managing director · since 01 janvier 2023 · until 08 février 2029

Ended

Heiko Arnold

Director · since 01 août 2021 · until 10 février 2022

Ended

Heiko Arnold

Director · since 01 août 2021 · until 31 décembre 2022

Ended

Inge Hofkens

Managing director · since 04 janvier 2021 · until 11 février 2027

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Consolidated accounts	Consolidated accounts
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	24/02/2026	14/02/2025	20/02/2024	24/02/2023	08/03/2022	22/03/2021
General meeting	12/02/2026	13/02/2025	08/02/2024	09/02/2023	01/01/9999	01/01/9999
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

Ratios

Financial ratios

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Filings

Annual accounts filings

44 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	30/09/2025	12/02/2026	24/02/2026	Dutch	PDF
Consolidated accounts	30/09/2025	12/02/2026	14/04/2026	Dutch	PDF
Full model	30/09/2024	13/02/2025	14/02/2025	Dutch	PDF
Consolidated accounts	30/09/2024	03/04/2025	04/04/2025	Dutch	PDF
Full model	30/09/2023	08/02/2024	20/02/2024	Dutch	PDF
Consolidated accounts	30/09/2023	15/02/2024	05/03/2024	Dutch	PDF
Full model	30/09/2022	09/02/2023	24/02/2023	Dutch	PDF
Consolidated accounts	30/09/2022	16/02/2023	13/03/2023	Dutch	PDF
Full model	30/09/2021	10/02/2022	28/02/2022	Dutch	PDF
Consolidated accounts	30/09/2021	01/01/9999	08/03/2022	Dutch	PDF
Full model	30/09/2020	11/02/2021	22/02/2021	Dutch	PDF
Consolidated accounts	30/09/2020	01/01/9999	22/03/2021	Dutch	PDF
Full model	30/09/2019	13/02/2020	27/02/2020	Dutch	PDF
Consolidated accounts	30/09/2019	27/02/2020	02/04/2020	Dutch	PDF
Full model	30/09/2018	14/02/2019	21/02/2019	Dutch	PDF
Consolidated accounts	30/09/2018	28/02/2019	29/04/2019	Dutch	PDF
Full model	30/09/2017	08/02/2018	26/02/2018	Dutch	PDF
Consolidated accounts	30/09/2017	01/03/2018	23/04/2018	Dutch	PDF
Full model	30/09/2016	09/02/2017	15/03/2017	Dutch	PDF
Consolidated accounts	30/09/2016	02/03/2017	25/04/2017	Dutch	PDF
Full model	30/09/2015	11/02/2016	04/03/2016	Dutch	PDF
Consolidated accounts	30/09/2015	24/02/2016	28/04/2016	Dutch	PDF
Full model	30/09/2014	12/02/2015	05/03/2015	Dutch	PDF
Consolidated accounts	30/09/2014	19/03/2015	21/04/2015	Dutch	PDF

View all 44 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 M€ and 1.000 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 30/09/2025 · 3 active · 44 ended

Active mandates

Hans Van de Water

Managing director · since 01 octobre 2024 · until 14 février 2030

Active

Dirk Vandenberghe

Director · since 01 janvier 2023 · until 08 février 2029

Active

Inge Hofkens

Chairman of the board of directors · since 04 janvier 2021 · until 11 février 2027

Active

Ended mandates

Dirk Vandenberghe

Managing director · since 01 janvier 2023 · until 08 février 2029

Ended

Heiko Arnold

Director · since 01 août 2021 · until 10 février 2022

Ended

Heiko Arnold

Director · since 01 août 2021 · until 31 décembre 2022

Ended

Inge Hofkens

Managing director · since 04 janvier 2021 · until 11 février 2027

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates10/07/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/03/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/11/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/07/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/12/2022
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares08/11/2022
KAPITAAL - AANDELEN
PDF
Mandates30/06/2022
DEMISSIONS, NOMINATIONS
PDF
Other03/12/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING - DOEL
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

2025
Annual accounts 202538 M €↓
13/02/2025
reconductionIne Nuyts — Commissaris
01/10/2024
nominationHans Van de Water — bestuurder
01/10/2024
demissionDirk Vandenberghe — gedelegeerd bestuurder
01/10/2024
nominationIne Nuyts — vaste vertegenwoordiger van de commissaris
2024
Annual accounts 202478,1 M €↑
01/07/2024
nominationIne Hofkens — Bestuurder en Voorzitter van de Raad van Bestuur
01/07/2024
nominationDirk Vandenberghe — Gedelegeerd Bestuurder
2023
Annual accounts 202352,7 M €↓
01/01/2023
nominationDirk Vandenberghe — Gedelegeerd Bestuurder
21/10/2022
cession
2022
Annual accounts 202259,2 M €↑
02/06/2022
reconductionDeloitte Bedrijfsrevisoren BV — Commissaris
2021
Annual accounts 202147,9 M €↑
2020
Annual accounts 202031,2 M €↑
2019
Annual accounts 201931 M €↑
2018
Annual accounts 201820,7 M €↑
2017
Annual accounts 201717,2 M €↓
2016
Annual accounts 201618,5 M €↑
2015
Annual accounts 2015-10,3 M €↓
2014
Annual accounts 2014-4,1 M €↓
2013
Annual accounts 201318,2 M €↓
2012
Annual accounts 201240,3 M €↑
2011
Annual accounts 201130,8 M €↓
2010
Annual accounts 201051,9 M €↓
2009
Annual accounts 200993,2 M €↓
2008
Annual accounts 2008267,5 M €
28/04/2005
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

AURUBIS OLEN

Overview

What does AURUBIS OLEN do?

Trend over 18 financial years

Indicative valuation

Board of directors

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