ACTIVE

CASTEL ENGINEERING

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Financial year 2025 · closed on 31/12/2025

Net result

3,2 M €

-9.7% YoY

Revenue

22,3 M €

+5.6% YoY

Equity

16,3 M €

+24.3% YoY

Workforce

37,9 ETP

-6.2% YoY

What does CASTEL ENGINEERING do?

CASTEL ENGINEERING is a Private limited company incorporated in 2005. Its main activity is: Aluminium production. Its registered office is in Mouscron. It employs on average 37,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0878.035.783

Incorporation

20/12/2005

Legal form

Private limited company

Registered office

Rue de la Royenne 84
7700 Mouscron · WallonieSee on map

Contributed capital

1 394 000,00 €

Latest accounts

31/12/2025

Average workforce

37,9 ETP

Activities (NACE)

24420Aluminium production· main 24420Aluminium production 46720Wholesale of metals and metal ores 46820Wholesale trade, except of motor vehicles and motorcycles 51520Air transport

Joint committees (10)

111
111107
111207
14904
200
209
20901
209010
218
999001

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2018		2017		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	22,3 M €	+5.6%	21,1 M €	+13.2%	18,7 M €	-5.3%	19,7 M €	-19.8%	24,6 M €	+106%	11,9 M €	-3.8%	12,4 M €		–		–		–		–		–		–		–		–		–
EBITDA	5,4 M €	+2.6%	5,3 M €	+25.4%	4,2 M €	+12.1%	3,7 M €	-54.7%	8,3 M €	+1790%	438,2 k €	-40.0%	730,1 k €	+101%	362,5 k €	+50.4%	241,0 k €	+19.1%	202,3 k €	+35.8%	149,0 k €	+5.8%	140,8 k €	+701%	17,6 k €	-79.5%	85,6 k €	-45.6%	157,3 k €	+452%	-44,7 k €
Operating result	4,8 M €	+6.2%	4,5 M €	+37.7%	3,3 M €	+17.4%	2,8 M €	-62.7%	7,4 M €	+7855%	-95,8 k €	-128%	348,1 k €	-2.6%	357,4 k €	+48.7%	240,3 k €	+19.2%	201,6 k €	+43.6%	140,4 k €	+7.6%	130,5 k €	+3263%	3,9 k €	-94.8%	74,1 k €	-49.4%	146,4 k €	+428%	-44,7 k €
Net result	3,2 M €	-9.7%	3,5 M €	+35.8%	2,6 M €	+12.6%	2,3 M €	-57.5%	5,4 M €	+8804%	-62,3 k €	-128%	221,7 k €	-8.2%	241,6 k €	+46.0%	165,5 k €	+14.3%	144,8 k €	+43.1%	101,2 k €	+8.4%	93,4 k €	+1149%	7,5 k €	-87.1%	58,1 k €	-43.7%	103,3 k €	-74.2%	399,9 k €
Balance sheet
Equity	16,3 M €	+24.3%	13,1 M €	+36.6%	9,6 M €	-30.6%	13,8 M €	+20.5%	11,5 M €	+124%	5,1 M €	-3.5%	5,3 M €	+309%	1,3 M €	+23.0%	1,1 M €	+13.5%	926,8 k €	+18.5%	782,0 k €	+14.9%	680,8 k €	+15.9%	587,5 k €	+1.3%	580,0 k €	+11.1%	521,8 k €	+24.7%	418,5 k €
Total assets	18,7 M €	+17.5%	15,9 M €	-37.1%	25,4 M €	+16.2%	21,8 M €	+47.1%	14,8 M €	+53.2%	9,7 M €	+16.1%	8,3 M €	+474%	1,5 M €	+20.5%	1,2 M €	+1.3%	1,2 M €	+0.4%	1,2 M €	+34.0%	884,3 k €	+17.7%	751,6 k €	+19.4%	629,4 k €	-17.4%	762,4 k €	+24.0%	614,9 k €
Cash	1,0 M €	-32.3%	1,5 M €	-13.6%	1,8 M €	-20.7%	2,3 M €	-19.2%	2,8 M €	+821%	302,5 k €	-1.0%	305,5 k €	-37.3%	487,2 k €	-19.3%	603,8 k €	+25.7%	480,3 k €	+361%	104,3 k €	-63.2%	283,3 k €	+13.3%	250,0 k €	+13.7%	219,8 k €	+247%	63,3 k €	-67.4%	194,1 k €
Debts	2,4 M €	-6.5%	2,6 M €	-83.7%	15,7 M €	+97.2%	8,0 M €	+141%	3,3 M €	-27.5%	4,6 M €	+50.2%	3,0 M €	+1814%	158,9 k €	+3.9%	153,0 k €	-41.7%	262,5 k €	-33.8%	396,7 k €	+101%	197,1 k €	+21.4%	162,4 k €	+229%	49,4 k €	-79.5%	240,6 k €	+22.5%	196,3 k €
Other
Workforce	37,9 ETP	-6.2%	40,4 ETP	+3.1%	39,2 ETP	-5.8%	41,6 ETP	+1.0%	41,2 ETP	+0.5%	41,0 ETP	+4.9%	39,1 ETP	+3810%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	-50.0%	2,0 ETP	+81.8%	1,1 ETP	+10.0%	1,0 ETP	0.0%	1,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 24 ended

Active mandates

Andrew Bergdoll

Director

Active

Andrew Kelly

Director

Active

Nicole Kroner

Director

Active

Ended mandates

Wim Van de Wiele

Director · since 06 novembre 2023

Ended

Johannes Schraa

Director · since 21 août 2023 · until 07 novembre 2023

Ended

Gabriel Cravero

Director · since 09 janvier 2023 · until 01 novembre 2023

Ended

Gabriel Cravero

Director · since 09 janvier 2023

Ended

At this address

Other companies at this address

Company	CBE no.
Icebox Belgium Holdings● Active	0790.283.843
SPEEDIDUCT● Active	0656.700.985
ZERED● Active	0651.778.731

Annual accounts

Full financial information

	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	17/07/2026	22/07/2025	16/07/2024	13/07/2023	20/06/2022	25/06/2021
General meeting	30/06/2026	30/06/2025	28/06/2024	21/06/2023	27/05/2022	28/05/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/06/2026	17/07/2026	French	PDF
Full model	31/12/2024	30/06/2025	22/07/2025	French	PDF
Full model	31/12/2023	28/06/2024	16/07/2024	French	PDF
Full model	31/12/2022	21/06/2023	13/07/2023	French	PDF
Full model	31/12/2021	27/05/2022	20/06/2022	French	PDF
Full model	31/12/2020	28/05/2021	25/06/2021	French	PDF
Full model	31/12/2019	30/06/2020	22/07/2020	French	PDF
Full model	31/12/2018	28/06/2019	17/07/2019	French	PDF
Full model	31/12/2017	29/06/2018	17/07/2018	French	PDF
Full model	31/12/2016	30/06/2017	17/07/2017	French	PDF
Abridged model	31/12/2015	27/05/2016	31/05/2016	French	PDF
Abridged model	30/09/2014	16/03/2015	30/03/2015	French	PDF
Abridged model	30/09/2013	17/02/2014	19/03/2014	French	PDF
Abridged model	30/09/2012	18/01/2013	25/06/2013	French	PDF
Abridged model	30/09/2011	20/01/2012	21/12/2012	French	PDF
Abridged model	30/09/2010	21/01/2011	03/03/2011	French	PDF
Abridged model	30/09/2009	15/01/2010	24/02/2010	French	PDF
Abridged model	30/09/2008	16/01/2009	09/02/2009	French	PDF
Abridged model	30/09/2007	18/01/2008	14/02/2008	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 · 3 active · 24 ended

Active mandates

Andrew Bergdoll

Director

Active

Andrew Kelly

Director

Active

Nicole Kroner

Director

Active

Ended mandates

Wim Van de Wiele

Director · since 06 novembre 2023

Ended

Johannes Schraa

Director · since 21 août 2023 · until 07 novembre 2023

Ended

Gabriel Cravero

Director · since 09 janvier 2023 · until 01 novembre 2023

Ended

Gabriel Cravero

Director · since 09 janvier 2023

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates14/08/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates14/06/2024
DEMISSIONS, NOMINATIONS
PDF
Other21/02/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - OBJET
PDF
Mandates20/02/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates22/09/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates25/01/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates16/12/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates19/09/2022
DEMISSIONS, NOMINATIONS
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 20253,2 M €↓
2024
Annual accounts 20243,5 M €↑
2023
Annual accounts 20232,6 M €↑
2022
Annual accounts 20222,3 M €↓
2021
Annual accounts 20215,4 M €↑
2018
Annual accounts 2018-62,3 k €↓
2017
Annual accounts 2017221,7 k €↓
2017
Name changeCASTEL ENGINEERING
2015
Annual accounts 2015241,6 k €↑
2014
Annual accounts 2014165,5 k €↑
2013
Annual accounts 2013144,8 k €↑
2012
Annual accounts 2012101,2 k €↑
2011
Annual accounts 201193,4 k €↑
2010
Annual accounts 20107,5 k €↓
2009
Annual accounts 200958,1 k €↓
2008
Annual accounts 2008103,3 k €↓
2007
Annual accounts 2007399,9 k €
2007
Name changeSTEELSERVEX
20/12/2005
IncorporationPrivate 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

CASTEL ENGINEERING

Overview

What does CASTEL ENGINEERING do?

Trend over 16 financial years

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