ArcelorMittal Belgium Recycling
The computed 12-month bankruptcy probability of ArcelorMittal Belgium Recycling is 2.1% (average). The 2024 annual accounts show equity of €2.88M and a net result of €-2.89M. Its solvency ranks better than 39% of 108 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €2.88M |
| Net result | €-2.89M |
| Staff (FTE) | 163.1 |
| Better than sector | 39% |
Fragile profile — watch profitability in particular.
Statistical estimate based on public sources — not credit advice nor a finding of fact. How do we compute this?
Unlock the full score breakdown, per-year score history and the indicative credit limit from Starter.
See plans →| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 17.3% | 23.5% | |
| Net result | €-2.89M | €6k | |
| Equity | €2.88M | €24k | |
| Staff costs | €14.15M | €67k | |
| Total assets | €16.62M | €135k |
| Fiscal year | 2024 |
|---|---|
| Revenue | €26.76M |
| EBITDA | €474k |
| Net profit | €-2.89M |
| Cash flow | €264k |
| Staff costs | €14.15M |
| Income taxes | €4k |
| Dividends | — |
| Total assets | €16.62M |
| Equity | €2.88M |
| Debt | €13.61M |
| of which ≤ 1y | €11.49M |
| of which > 1y | €649k |
| Working capital | €-4.88M |
| Employees (FTE) | 163.1 |
| 2024 | |
|---|---|
| Current ratio | 0.58 |
| Quick ratio | 0.49 |
| Working capital ratio | -29.4% |
| Solvency | 17.3% |
| Debt / equity | 4.73 |
| Long-term debt ratio | 0.23 |
| Interest coverage | 2.39 |
| Gross margin | 100.5% |
| Net margin | -10.8% |
| ROA | -17.4% |
| ROE | -100.5% |
| EBITDA margin | 1.8% |
| Days sales outstanding | 76d |
| Days payable outstanding | — |
| Inventory turnover | -0.12 |
| Days inventory (DSI) | — |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet — Assets | ||
| TOTAL ASSETS | 20/58 | €16.62M |
| Fixed assets | 21/28 | €10.01M |
| Tangible fixed assets | 22/27 | €10.00M |
| Financial fixed assets | 28 | €2k |
| Current assets | 29/58 | €6.61M |
| Stocks & contracts in progress | 3 | €1.00M |
| Amounts receivable within one year | 40/41 | €5.59M |
| Balance sheet — Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €16.62M |
| Equity | 10/15 | €2.88M |
| Contributions / capital | 10/11 | €6.65M |
| Accumulated profits (losses) | 14 | €-3.77M |
| Provisions & deferred taxes | 16 | €131k |
| Amounts payable | 17/49 | €13.61M |
| Amounts payable after one year | 17 | €649k |
| Amounts payable within one year | 42/48 | €11.49M |
| Trade debts payable within one year | 44 | €4.49M |
| Income statement | ||
| Turnover | 70 | €26.76M |
| Operating result | 9901 | €-2.68M |
| Financial charges | 65 | €207k |
| Result before taxes | 9903 | €-2.89M |
| Income taxes | 67/77 | €4k |
| Net result for the period | 9904 | €-2.89M |
| Result to be appropriated | 9905 | €-2.89M |
-
Current08-05-2026 → present
-
Current01-01-2025 → present
-
Current12-05-2024 → present
Former directors (2)
-
Former01-05-2023 → 12-05-2024
2 events
- 12-05-2024 Resigned· Director
- 01-05-2023 Appointed· Director
-
Former— → 01-05-2023
| Statutory auditor | IRE/IBR number | Tenure |
|---|---|---|
| Ernst et Young Reviseurs d'EntreprisesCurrent Statutory auditor · represented by Lieve Cornelis |
— | 14-02-2025 → present |
| NACE primary | 52250 |
| Legal form | Public limited company(014) |
| Incorporation | 30-12-2022 |
| Status | Active |
| Postal code | 9042 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates — not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44814H0915/00Z000 | Flanders | 5.2 ha | 1 · 5,454 m² | 34.0 m · 2 fl. |
A single timeline of everything that happened to this company — publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
08-05-2026 Publication in the Belgian Official Gazette — Minor change
Technical details
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}08-05-2026 Publication in the Belgian Official Gazette — Miscellaneous
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}08-05-2026 Publication in the Belgian Official Gazette — Minor change
Technical details
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}28-02-2025 Frederik Engels appointed as director
- Frederik Engels — Bestuurder
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}28-02-2025 1 director appointed, 1 resigning
- Frederik Engels — Bestuurder
- Jeroen Van Lishout — Bestuurder
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}24-02-2025 1 director appointed, 2 resigning
- Niels Laseure — Dagelijks bestuur
- Yann Veys — Dagelijks bestuur
- Krzysztof Krol — Directeur
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}24-02-2025 1 director appointed, 1 resigning
- Niels Laseure — Bestuurder
- Yann Veys — Bestuurder
Technical details
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}14-02-2025 Lieve Cornelis appointed as statutory auditor
- Lieve Cornelis — Commissaris
Technical details
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}14-02-2025 Ernst & Young Bedrijfsrevisoren BV appointed as director
- Ernst & Young Bedrijfsrevisoren BV — Bestuurder
Technical details
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"effective_date": null,
"evidence_quote": "Uit het eenparig schriftelijk besluit van de enige aandeelhouder van 26 april 2024 blijkt dat de enige aandeelhouder, na kennis te hebben genomen van het voorstel van de Raad van Bestuur, bevestigt dat Ernst \u0026 Young Bedrijfsrevisoren BV, met zetel te Kouterveldstraat 7B, 1831 Diegem, en ingeschreven",
"decharge_status": null,
"mandate_duration": {
"kind": "until_date",
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}
],
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"office_city": "Gent",
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},
"act_meta": {
"language": "nl",
"pub_date": "2025-02-14",
"filing_date": "2025-02-06",
"act_kind_objet": "Onderwerp akte:"
},
"decisions": [
{
"body": "enig_aandeelhouder_schriftelijk",
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}
],
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"subject_company": {
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"_kbo_filled_from_list": true
},
"publication_proxy": {
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"person_role_at_subject": "Bijzonder gevolmachtigde"
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"co_filed_documents": [],
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}17-08-2023 1 director appointed, 1 resigning
- Yann Veys — Bestuurder
- Kris Elegheer — Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
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"name": "Kris Elegheer",
"address": null,
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},
"effective_date": "2023-05-01",
"evidence_quote": "De Raad van Bestuur bevestigt het mandaat van de heer Kris Elegheer als persoon belast met dagelijks bestuur te be\u00EBindigen met ingang vanaf 1 mei 2023. De Raad van Bestuur bedankt Kris Elegheer voor zijn diensten voor de Vennootschap.",
"discharge_granted": false
},
{
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"evidence_quote": "De Raad van Bestuur de heer Yann Veys benoemt als persoon belast met dagelijks bestuur met ingang van 1 mei 2023. Hij zal de titel CEO dragen."
}
],
"schema": "v3.2",
"act_meta": {
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"extractor": "constrained-core-35b"
},
"subject_company": {
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"name_full": "ARCELORMITTAL BELGIUM RECYCLING",
"legal_form": "NV"
}
}03-01-2023 Incorporation of a new NV
Technical details
{
"kind": "oprichting",
"seat": "9042 Gent, John Kennedylaan 51",
"schema": "v3.2",
"act_meta": {
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"founders": [
{
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}
],
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},
"initial_directors": [],
"incorporation_date": "2022-12-30",
"post_incorporation_mandates": []
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | ArcelorMittal Belgium Recycling |
| AbbreviationNL | AMBER |