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ARCEO

Active
Public limited companyfounded 200422 yrs activeAvenue Maurice-Destenay 13, 4000 Liège, BelgiumKBO/BCE: BE 0865.732.522
Summary

ARCEO has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €139.1m and a net result of €4.8m. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 95% of 121 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability46=
Solvency100=
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000,000 at 30 days acceptable
Liquidity ample (current ratio 29.9 against 28.98 in 2024; short-term debt: 3.3% and cash: 65% of total assets), and 3.4% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
96.6%
Return on assets
3.3%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 24
Relative position
BE, all sectors
reference
Manufacture of basic metals (NACE 24)
about 47% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 22 years 0 30 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · A punctual record breaks
This company filed 6 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-09-2026, 32 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
32 d late
2024
49 d early
2023
28 d early
2022
48 d early
2021
37 d early
2020
39 d early
2019
15 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 26 days before the deadline; the sector median for financial year 2024 is 16 days before the deadline, and 29% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 10 June 2004, ARCEO was incorporated.1 The capital was increased 6 times between 2008 and 2017, most recently to EUR 252 million.234 The registered office moved to Liège in 2014, to Liege in 2020 and to Liège in 2025.567 Of the 5 current board members, Arcelormittal Belgium has served longest, since 2014.8 Total assets went from EUR 221 million in 2018 to EUR 144 million in 2025.9

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 21-01-2008
  3. 3Belgian State Gazette, 13-07-2015
  4. 4Belgian State Gazette, 13-01-2017
  5. 5Belgian State Gazette, 04-08-2014
  6. 6Belgian State Gazette, 02-12-2020
  7. 7Belgian State Gazette, 14-01-2025
  8. 8Belgian State Gazette, 13-06-2016
  9. 9National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, full schema

Turnover
€0
2024 · €0
EBIT margin
Not included in this filing
Net result
€4.8m▼ 38.4%
2024 · €7.8m
Working capital
€139.2m▼ 35.0%
2024 · €214.2m
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Turnover€0€0
Operating result-€221,345-€235,754▼ 6.5%-€271,563▼ 15.2%-€231,367▲ 14.8%
Net result€2.7m€5.3m▲ 97.6%€7.8m▲ 47.2%€4.8m▼ 38.4%
Equity€213.4m€213.7m▲ 0.1%€214.1m▲ 0.2%€139.1m▼ 35.0%
Total assets€216.9m▼ 0.4%€216.5m▼ 0.2%€219.1m▲ 1.2%€221.9m▲ 1.3%€144.1m▼ 35.1%
Debt€3.1m€5.4m▲ 76.5%€7.8m▲ 44.2%€5.0m▼ 36.4%
Working capital€213.7m€213.8m=€214.2m▲ 0.2%€139.2m▼ 35.0%
Staff (FTE)
Result per fiscal year
Operating resultNet result
-€2.5m€0€2.5m€5.0m€7.5mOperating result 2022: -€221,345-€221,345Net result 2022: €2.7m€2.7mOperating result 2023: -€235,754-€235,754Net result 2023: €5.3m€5.3mOperating result 2024: -€271,563-€271,563Net result 2024: €7.8m€7.8mOperating result 2025: -€231,367-€231,367Net result 2025: €4.8m€4.8m20212022202320242025-€2.5m€0€2.5m€5m€7.5mOperating result 2023: -€235,754-€236,000Net result 2023: €5.3m€5.3mOperating result 2024: -€271,563-€272,000Net result 2024: €7.8m€7.8mOperating result 2025: -€231,367-€231,000Net result 2025: €4.8m€4.8m202320242025
The operating result stays negative: a loss of €231,367 in 2025 against €271,563 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €144.1m
Equity €139.1m ▼ 35.0%
Debt €5.0m ▼ 36.4%
Debt's share of the balance-sheet total falls from 3.5% to 3.4%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
Current ratio
29.90▲
2024 · 28.98
Debt to equity
0.04▼
2024 · 0.04
ROE
3.5%▼
2024 · 3.6%
ROA
3.3%▼
2024 · 3.5%
Debt ≤ 1 year
€4.8m▼
2024 · €7.7m
Debt > 1 year
€132,436=
2024 · €132,436
Income taxes
€311,072▼
2024 · €476,521
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 496 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 96% are still going.

  • Large
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.8% went bankrupt
3.4% stopped otherwise
96% still going

For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 496 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 64 lines
Balance sheet Code20242025
Assets
Total assets20/58€221.9m€144.1m▼
Fixed assets21/28€0€0=
Tangible fixed assets22/27€0€0=
Assets under construction and advance payments27€0€0=
Current assets29/58€221.9m€144.1m▼
Amounts receivable after more than one year29€29.9m€25.7m▼
Trade receivables290€29.9m€25.7m▼
Amounts receivable within one year40/41€8.0m€6.5m▼
Trade receivables40€6.3m€4.7m▼
Other amounts receivable41€1.8m€1.9m▲
Current investments50/53€81.5m€18.0m▼
Other investments51/53€81.5m€18.0m▼
Cash at bank and in hand54/58€101.7m€93.7m▼
Deferred charges and accrued income490/1€844,001€155,373▼
Equity and liabilities
Total equity and liabilities10/49€221.9m€144.1m▼
Equity10/15€214.1m€139.1m▼
Contributions10/11€211.6m€136.4m▼
Capital10€211.6m€136.4m▼
Issued capital100€211.6m€136.4m▼
Reserves13€2.5m€2.7m▲
Non-distributable reserves130/1€2.5m€2.7m▲
Legal reserve130€2.5m€2.7m▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€7.8m€5.0m▼
Amounts payable after more than one year17€132,436€132,436=
Financial debts170/4€132,436€132,436=
Other loans174€132,436€132,436=
Amounts payable within one year42/48€7.7m€4.8m▼
Trade debts44€251,850€257,785▲
Suppliers440/4€251,850€257,785▲
Taxes, remuneration and social security45€0€0=
Taxes450/3€0€0=
Remuneration and social security454/9€0€0=
Other amounts payable47/48€7.4m€4.6m▼
Income statement Code20242025
Operating income70/76A€260,049€213,523▼
Turnover70€0€0=
Other operating income74€234,129€213,523▼
Non-recurring operating income76A€25,920-
Operating charges60/66A€531,612€444,891▼
Services and other goods61€388,211€387,700▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€918,333-
Other operating charges640/8€1.1m€57,191▼
Non-recurring operating charges66A€0-
Operating profit (loss)9901-€271,563-€231,367▲
Financial income75/76B€8.5m€5.3m▼
Recurring financial income75€8.5m€5.3m▼
Income from financial fixed assets750€2.0m€1.8m▼
Income from current assets751€6.5m€3.5m▼
Other financial income752/9€0€0▲
Financial charges65/66B€1,264€1,561▲
Recurring financial charges65€1,264€1,561▲
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651-€0
Other financial charges652/9€1,264€1,561▲
Profit (loss) for the period before taxes9903€8.3m€5.1m▼
Income taxes67/77€476,521€311,072▼
Taxes670/3€476,521€311,072▼
Profit (loss) for the period9904€7.8m€4.8m▼
Profit (loss) for the period to be appropriated9905€7.8m€4.8m▼
Appropriation of the result
Profit (loss) to be appropriated9906€7.8m€4.8m▼
Transfer from equity791/2-€0
Transfer to equity691/2€389,712€239,992▼
To the legal reserve6920€389,712€239,992▼
Profit to be distributed694/7€7.4m€4.6m▼
Return on contributions (dividend)694€7.4m€4.6m▼

The notes to these accounts (42 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Operating income70/76A-€213,523€395,445€260,049€213,523▼ 17.9%
Turnover70---€0€0-
Other operating income74-€213,523€395,445€234,129€213,523▼ 8.8%
Non-recurring operating income76A---€25,920--
Operating charges60/66A-€434,869€631,199€531,612€444,891▼ 16.3%
Services and other goods61-€386,429€385,557€388,211€387,700▼ 0.1%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4----€918,333--
Other operating charges640/8-€48,440€245,641€1.1m€57,191▼ 94.6%
Non-recurring operating charges66A---€0--
Operating profit (loss)9901--€221,345-€235,754-€271,563-€231,367▲ 14.8%
Financial income75/76B-€3.2m€6.3m€8.5m€5.3m▼ 37.5%
Recurring financial income75-€3.2m€6.3m€8.5m€5.3m▼ 37.5%
Income from financial fixed assets750-€2.8m€2.2m€2.0m€1.8m▼ 10.5%
Income from current assets751-€484,979€4.1m€6.5m€3.5m▼ 45.7%
Other financial income752/9--€0€0€0▲ 10.0%
Financial charges65/66B-€198,528€2,139€1,264€1,561▲ 23.5%
Recurring financial charges65-€198,528€2,139€1,264€1,561▲ 23.5%
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651-€191,407--€0-
Other financial charges652/9-€7,121€2,139€1,264€1,561▲ 23.5%
Profit (loss) for the period before taxes9903-€2.8m€6.1m€8.3m€5.1m▼ 38.2%
Income taxes67/77-€136,185€758,041€476,521€311,072▼ 34.7%
Taxes670/3-€136,185€758,041€476,521€311,072▼ 34.7%
Profit (loss) for the period9904-€2.7m€5.3m€7.8m€4.8m▼ 38.4%
Profit (loss) for the period to be appropriated9905-€2.7m€5.3m€7.8m€4.8m▼ 38.4%
Line20212022202320242025Change
Assets
Total assets20/58€216.9m€216.5m€219.1m€221.9m€144.1m▼ 35.1%
Fixed assets21/28-€0-€0€0-
Tangible fixed assets22/27-€0-€0€0-
Assets under construction and advance payments27-€0-€0€0-
Financial fixed assets28-€0----
Affiliated companies280/1-€0----
Amounts receivable281-€0----
Other financial fixed assets284/8-€0----
Amounts receivable and cash guarantees285/8-€0----
Current assets29/58-€216.5m€219.1m€221.9m€144.1m▼ 35.1%
Amounts receivable after more than one year29-€37.6m€33.8m€29.9m€25.7m▼ 14.0%
Trade receivables290-€37.6m€33.8m€29.9m€25.7m▼ 14.0%
Amounts receivable within one year40/41-€10.1m€7.4m€8.0m€6.5m▼ 18.7%
Trade receivables40-€4.0m€4.2m€6.3m€4.7m▼ 25.2%
Other amounts receivable41-€6.1m€3.2m€1.8m€1.9m▲ 4.1%
Current investments50/53-€62.5m€85.6m€81.5m€18.0m▼ 77.9%
Other investments51/53-€62.5m€85.6m€81.5m€18.0m▼ 77.9%
Cash at bank and in hand54/58-€106.3m€92.3m€101.7m€93.7m▼ 7.8%
Deferred charges and accrued income490/1-€0-€844,001€155,373▼ 81.6%
Equity and liabilities
Total equity and liabilities10/49€216.9m€216.5m€219.1m€221.9m€144.1m▼ 35.1%
Equity10/15-€213.4m€213.7m€214.1m€139.1m▼ 35.0%
Contributions10/11-€211.6m€211.6m€211.6m€136.4m▼ 35.5%
Capital10-€211.6m€211.6m€211.6m€136.4m▼ 35.5%
Issued capital100-€211.6m€211.6m€211.6m€136.4m▼ 35.5%
Reserves13-€1.8m€2.1m€2.5m€2.7m▲ 9.7%
Non-distributable reserves130/1-€1.8m€2.1m€2.5m€2.7m▲ 9.7%
Legal reserve130-€1.8m€2.1m€2.5m€2.7m▲ 9.7%
Profit (loss) carried forward14---€0€0-
Amounts payable17/49-€3.1m€5.4m€7.8m€5.0m▼ 36.4%
Amounts payable after more than one year17-€278,342€97,284€132,436€132,436=
Financial debts170/4-€278,342€97,284€132,436€132,436=
Other loans174-€278,342€97,284€132,436€132,436=
Amounts payable within one year42/48-€2.8m€5.3m€7.7m€4.8m▼ 37.1%
Trade debts44-€223,769€274,982€251,850€257,785▲ 2.4%
Suppliers440/4-€223,769€274,982€251,850€257,785▲ 2.4%
Taxes, remuneration and social security45-€13,036-€0€0-
Taxes450/3-€13,036-€0€0-
Remuneration and social security454/9---€0€0-
Other amounts payable47/48-€2.5m€5.0m€7.4m€4.6m▼ 38.4%
Line20212022202320242025Change
Profit (loss) for the period9904-€2.7m€5.3m€7.8m€4.8m▼ 38.4%
Operating cash flow (approximation)-€2.7m€5.3m€7.8m€4.8m▼ 38.4%
Investment in fixed assets (approximation)----€0-
Change in cash---€14.0m€9.4m-€8.0m▼ 185%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
01-09
NBB filing Annual accounts filed
fiscal year 2025 · full schema · 32 days late
02-03
State Gazette act Reappointments: ArcelorMittal Belgium, ArcelorMittal Holding and Services Belgium and 2 others
Permanent representatives: Frederik Van De Velde, Eric Gailly and 3 others · Appointment: Ernst & Young Réviseurs d'Entreprise SRL (commissaire aux comptes)11 facts ▸
  • General meeting, 28/05/2025
  • Director reappointment, ArcelorMittal Belgium (director)
  • Director reappointment, ArcelorMittal Holding and Services Belgium (director)
  • Director reappointment, Sparaxis (director)
  • Director reappointment, Wallonie Entreprendre (director)
  • Permanent representative, Frederik Van De Velde
  • Permanent representative, Eric Gailly
  • Permanent representative, Renaud Schetter
  • Permanent representative, Sébastien Durieux
  • Auditor appointment, Ernst & Young Réviseurs d'Entreprise SRL (commissaire aux comptes)
  • Permanent representative, Thomas Meurice
2025
08-08
State Gazette act Capital & shares · Statutes amendment
Capital decrease · Share cancellation · Capital6 facts ▸
  • General meeting, 30/06/2025
  • Capital decrease, €75.200.946,31
  • Share cancellation, les titres remboursés se trouvant annulés
  • Capital, €136.408.746,31
  • Statutes amendment, 18
  • Power of attorney, ARCEO
12-06
NBB filing Annual accounts filed
fiscal year 2024 · full schema
26-03
State Gazette act Permanent representatives: Frederik VAN DE VELDE and Manfred VAN VLIERBERGHE
2 facts ▸
  • Permanent representative, Frederik VAN DE VELDE
  • Permanent representative, Manfred VAN VLIERBERGHE
14-01
State Gazette act Statutes amendment · Miscellaneous
Registered-office move · Power of attorney4 facts ▸
  • General meeting, 27/11/2024
  • Registered-office move, 4000 Liège, Avenue Maurice Destenay, 13 - 6ème étage, salle 6.19
  • Statutes amendment
  • Power of attorney, administrateurs
2024
31-12
Financial Highest result since 2018net €7.8m ▲47.2%
Net result €7.8m, the highest in the series.
13-09
State Gazette act Resignation: Renaud Schetter (director)
Appointment: SPARAXIS SA (director) · Reappointments: ArcelorMittal Belgium SA (director) and ArcelorMittal Holding and Services Belgium (director) · Permanent representatives: Eric Gailly, Manfred Van Vlierberghe and 2 others12 facts ▸
  • General meeting, 03-09-2024
  • Director resignation, Renaud Schetter (director)
  • Director appointment, SPARAXIS SA (director)
  • Mandate compensation, SPARAXIS SA
  • Director reappointment, ArcelorMittal Belgium SA (director)
  • Mandate compensation, ArcelorMittal Belgium SA
  • Director reappointment, ArcelorMittal Holding and Services Belgium (director)
  • Mandate compensation, ArcelorMittal Holding and Services Belgium
  • Permanent representative, Eric Gailly
  • Permanent representative, Manfred Van Vlierberghe
  • Permanent representative, Sébastien Durieux
  • Permanent representative, Renaud Schetter
03-07
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
11-07
State Gazette act Reappointments: Renaud Schetter, ArcelorMittal Belgium and Eric Gailly
Mandate compensation7 facts ▸
  • General meeting, 31/05/2023
  • Director reappointment, Renaud Schetter (director)
  • Mandate compensation, Renaud Schetter
  • Director reappointment, ArcelorMittal Belgium (director)
  • Mandate compensation, ArcelorMittal Belgium
  • Director reappointment, Eric Gailly (director)
  • Mandate compensation, Eric Gailly
13-06
NBB filing Annual accounts filed
fiscal year 2022 · full schema
09-05
State Gazette act Resignation: Florence Vanderthommen (director)
Appointment: Renaud Schetter (director)2 facts ▸
  • Director resignation, Florence Vanderthommen (director)
  • Director appointment, Renaud Schetter (director)
Show earlier events
2022
31-12
Financial Weakest financial yearnet €2.7m ▼39.3%
Net result drops to €2.7m, the lowest in the series; recovery starts the following year.
28-12
State Gazette act Resignation: Deloitte Réviseurs d'Entreprises SRL (statutory auditor)
Appointment: Ernst & Young Réviseurs d'Entreprises SRL (statutory auditor) · Permanent representatives: Laurent Weerts and Thomas Meurice · Director discharge6 facts ▸
  • General meeting, 25/05/2022
  • Director discharge, ARCEO
  • Director resignation, Deloitte Réviseurs d'Entreprises SRL (statutory auditor)
  • Auditor appointment, Ernst & Young Réviseurs d'Entreprises SRL (statutory auditor)
  • Permanent representative, Laurent Weerts
  • Permanent representative, Thomas Meurice
23-08
State Gazette act Permanent representatives: Renaud Witmeur and Sébastien Durieux
2 facts ▸
  • Permanent representative, Renaud Witmeur
  • Permanent representative, Sébastien Durieux
24-06
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
25-10
State Gazette act Resignations: Florence Vanderthommen (daily management delegate) and Eric Gailly (daily management delegate)
3 facts ▸
  • Board meeting, 26/04/2021
  • Director resignation, Florence Vanderthommen (daily management delegate)
  • Director resignation, Eric Gailly (daily management delegate)
22-06
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
02-12
State Gazette act Reappointments: ArcelorMittal Belgium (director) and ArcelorMittal Holding and Services Belgium (director)
Appointment: Deloitte (statutory auditor) · Mandate compensation · Registered-office move8 facts ▸
  • Board meeting, 28-04-2020
  • General meeting, 27-05-2020
  • Director reappointment, ArcelorMittal Belgium (director)
  • Director reappointment, ArcelorMittal Holding and Services Belgium (director)
  • Mandate compensation, ArcelorMittal Holding and Services Belgium
  • Mandate compensation, ArcelorMittal Belgium
  • Auditor appointment, Deloitte (statutory auditor)
  • Registered-office move, Avenue Destenay, 13, 6ème étage, salle 6.19, à 4000 LIEGE
16-07
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
25-09
State Gazette act Reappointments: SOGEPA (director) and Florence Vanderthommen (director)
Permanent representatives: Renaud Witmeur, Manfred Van Vlierberghe and Eric Gailly · Mandate compensation8 facts ▸
  • General meeting, 28/06/2019
  • Director reappointment, SOGEPA (director)
  • Director reappointment, Florence Vanderthommen (director)
  • Mandate compensation, Florence Vanderthommen
  • Mandate compensation, SOGEPA
  • Permanent representative, Renaud Witmeur
  • Permanent representative, Manfred Van Vlierberghe
  • Permanent representative, Eric Gailly
07-08
NBB filing Annual accounts filed
fiscal year 2018 · full schema · 7 days late
2018
25-06
NBB filing Annual accounts filed
fiscal year 2017 · full schema
14-02
State Gazette act Permanent representatives: Manfred Van Vlierberghe and Matthieu Jehl
3 facts ▸
  • Board meeting, 04/12/2017
  • Permanent representative, Manfred Van Vlierberghe
  • Permanent representative, Matthieu Jehl
2017
11-08
State Gazette act Appointment: Deloitte (statutory auditor)
Permanent representative: Laurent Weerts3 facts ▸
  • General meeting, 31/05/2017
  • Auditor appointment, Deloitte (statutory auditor)
  • Permanent representative, Laurent Weerts
13-06
NBB filing Annual accounts filed
fiscal year 2016 · full schema
13-01
State Gazette act Capital & shares
Capital decrease · Capital · Statutes amendment4 facts ▸
  • General meeting, 20/12/2016
  • Capital decrease, €40.474.107,39
  • Capital, €211.609.692,61
  • Statutes amendment
13-01
State Gazette act Capital & shares
Capital increase · Share issue · Bank account7 facts ▸
  • General meeting, 13/12/2016
  • Capital increase, €3.595.800
  • Share issue, C, 3595
  • Bank account, BELFIUS, BE20 0689 0048 3056
  • Capital, €252.083.800
  • Statutes amendment
  • Waiver of preemptive rights, ja
2016
17-11
State Gazette act Resignation: Olivier Gutt (director)
2 facts ▸
  • Board meeting, 18/10/2016
  • Director resignation, Olivier Gutt (director)
13-06
State Gazette act Reappointments: Sogepa, Olivier Gutt and Florence Vanderthommen
Appointments: ArcelorMittal Belgium (director) and Vulcain Holding (director) · Permanent representatives: Renaud Witmeur, Eric Gailly and Matthieu Jehl · Mandate compensation13 facts ▸
  • General meeting, 25/05/2016
  • Director reappointment, Sogepa (director)
  • Director reappointment, Olivier Gutt (director)
  • Director reappointment, Florence Vanderthommen (director)
  • Mandate compensation, Olivier Gutt
  • Mandate compensation, Florence Vanderthommen
  • Mandate compensation, Sogepa
  • Director appointment, ArcelorMittal Belgium (director)
  • Director appointment, Vulcain Holding (director)
  • Permanent representative, Renaud Witmeur
  • Permanent representative, Eric Gailly
  • Permanent representative, Matthieu Jehl
  • +1 further facts in this act
24-03
State Gazette act Appointments: Florence Vanderthommen (daily management delegate) and Eric Gailly (daily management delegate)
3 facts ▸
  • Board meeting, 22/04/2015
  • Director appointment, Florence Vanderthommen (daily management delegate)
  • Director appointment, Eric Gailly (daily management delegate)
15-02
State Gazette act Permanent representatives: Matthieu Jehl and Bernard Dehut
2 facts ▸
  • Permanent representative, Matthieu Jehl
  • Permanent representative, Bernard Dehut
2015
13-07
State Gazette act Resignation: Renaud WITMEUR (director)
Appointment: SOCIETE WALLONNE DE GESTION ET DE PARTICIPATIONS (director) · Permanent representative: Renaud WITMEUR · Capital increase12 facts ▸
  • General meeting, 11/6/2015
  • Capital increase, €150.288.000
  • Bank account, BE20 0689 0048 3056
  • Capital, €248.488.000
  • Statutes amendment
  • Director resignation, Renaud WITMEUR (director)
  • Director discharge, Renaud WITMEUR
  • Director appointment, SOCIETE WALLONNE DE GESTION ET DE PARTICIPATIONS (director)
  • Permanent representative, Renaud WITMEUR
  • Mandate compensation, SOCIETE WALLONNE DE GESTION ET DE PARTICIPATIONS
  • Share liberation, 81.248.000 €
  • Waiver of preemptive rights, renonciation au droit de souscription préférentielle
2014
02-10
State Gazette act Appointments: Pascale Hamende, Florence Vanderthommen and Deloitte
Reappointments: Bernard Dehut, Paul Perdang and Robin Paulmier · Mandate compensation13 facts ▸
  • General meeting, 28/05/2014
  • Director appointment, Pascale Hamende (director)
  • Director appointment, Florence Vanderthommen (director)
  • Director reappointment, Bernard Dehut (director)
  • Director reappointment, Paul Perdang (director)
  • Director reappointment, Robin Paulmier (director)
  • Auditor appointment, Deloitte (statutory auditor)
  • Mandate compensation, Pascale Hamende
  • Mandate compensation, Florence Vanderthommen
  • Mandate compensation, Bernard Dehut
  • Mandate compensation, Paul Perdang
  • Mandate compensation, Robin Paulmier
  • +1 further facts in this act
04-08
State Gazette act Resignations: PAULMIER Robin, PERDANG Paul and 2 others
Appointments: ArcelorMittal Belgium (director) and VULCAIN HOLDING (director) · Permanent representatives: DEHUT Bernard and GAILLY Eric · Registered-office move17 facts ▸
  • General meeting, 27/06/2014
  • Registered-office move, 4000 Liège, boulevard d'Avroy, 38
  • Capital increase, €55.000.000
  • Share issue, 54.667, 1.667 actions de type A, 2.000 actions de type B, 51.000 actions de type C
  • Bank account, BE53 0017 2871 0253 auprès de la banque BNP PARIBAS FORTIS
  • Capital, €98.200.000
  • Statutes amendment
  • Director resignation, PAULMIER Robin (director)
  • Director resignation, PERDANG Paul (director)
  • Director resignation, HAMENDE Pascale (director)
  • Director resignation, DEHUT Bernard (director)
  • Director appointment, ArcelorMittal Belgium (director)
  • +5 further facts in this act
13-05
State Gazette act Resignations: Jacques Pelerin (director) and Sogepa (director)
Appointments: Pascale Hamende (director) and Florence Vanderthommen (director) · Mandate compensation7 facts ▸
  • Board meeting, 02/04/2014
  • Director resignation, Jacques Pelerin (director)
  • Director resignation, Sogepa (director)
  • Director appointment, Pascale Hamende (director)
  • Director appointment, Florence Vanderthommen (director)
  • Mandate compensation, Pascale Hamende
  • Mandate compensation, Florence Vanderthommen
02-04
State Gazette act Resignation: Jacques PELERIN (managing director)
1 fact ▸
  • Director resignation, Jacques PELERIN (managing director)
2013
26-07
State Gazette act Resignations: Libert Froidmont (director) and F. Mudry (director)
Appointments: Renaud Witmeur (director) and Bernard Dehut (director) · Mandate compensation7 facts ▸
  • General meeting, 28/06/2013
  • Board meeting, 29/04/2013
  • Director resignation, Libert Froidmont (director)
  • Director appointment, Renaud Witmeur (director)
  • Director resignation, F. Mudry (director)
  • Director appointment, Bernard Dehut (director)
  • Mandate compensation, Bernard Dehut
2011
12-08
State Gazette act Appointment: Deloitte (statutory auditor)
2 facts ▸
  • General meeting, 25/05/2011
  • Auditor appointment, Deloitte (statutory auditor)
21-01
State Gazette act Capital & shares · Statutes amendment
Capital increase · Share issue · Capital7 facts ▸
  • Capital increase, €7.300.000
  • Share issue, actions de type B, 7.300
  • Capital, €43.200.000
  • Statutes amendment, Article 5
  • Statutes amendment, Article 5 bis
  • Power of attorney, conseil d'administration
  • Waiver of preemptive rights, ja
2010
16-07
State Gazette act Reappointments: Jacques Pèlerin, Libert Froidmont and Olivier Gutt
Mandate compensation7 facts ▸
  • General meeting, 30/06/2010
  • Director reappointment, Jacques Pèlerin (director)
  • Director reappointment, Libert Froidmont (director)
  • Director reappointment, Olivier Gutt (director)
  • Mandate compensation, Jacques Pèlerin
  • Mandate compensation, Libert Froidmont
  • Mandate compensation, Olivier Gutt
01-04
State Gazette act Capital & shares · Statutes amendment
Capital increase · Share issue · Bank account6 facts ▸
  • Capital increase, €4.500.000
  • Share issue, 4.500, 2.250 actions de type A numérotées de 31.401 à 33.650 et 2.250 actions de type B numérotées de 33.651 à 35.900
  • Bank account, dépôt des fonds de l'augmentation en numéraire
  • Capital, €35.900.000
  • Statutes amendment
  • Waiver of preemptive rights, Renonciation au droit de souscription préférentielle dans le cadre de l'augmentation de capital en espèces
29-03
State Gazette act Resignations: ELAN CONSULTING (director) and Patrick Depardon (director)
Appointment: SOGEFA (director) · Permanent representative: Jean-Pierre Picquereau · Mandate compensation6 facts ▸
  • General meeting, 27/05/2009
  • Director resignation, ELAN CONSULTING (director)
  • Director appointment, SOGEFA (director)
  • Permanent representative, Jean-Pierre Picquereau
  • Mandate compensation, SOGEFA
  • Director resignation, Patrick Depardon (director)
2008
24-07
State Gazette act Resignations: G. Biau, J.L. Pierquin and 3 others
Appointments: Bernard Bramaud, Patrick Depardon and 3 others · Permanent representatives: Jean-Pierre Picquereau and Laurent Weerts13 facts ▸
  • General meeting, 28/05/2008
  • Director resignation, G. Biau (director)
  • Director resignation, J.L. Pierquin (director)
  • Director resignation, O. Leruth (director)
  • Director resignation, Sogepa (director)
  • Director appointment, Bernard Bramaud (director)
  • Director appointment, Patrick Depardon (director)
  • Director appointment, François Mudry (director)
  • Director appointment, ELAN CONSULTING SPRL (director)
  • Permanent representative, Jean-Pierre Picquereau
  • Director resignation, KPMG (statutory auditor)
  • Auditor appointment, Deloitte (statutory auditor)
  • +1 further facts in this act
21-01
State Gazette act Permanent representative: PALM Alexis
Resignation: DE SAIVE Michel (représentant permanent du commissaire) · Capital increase · Bank account6 facts ▸
  • Capital increase, €7.000.000
  • Bank account, 340-0340267-29 auprès de la banque ING
  • Capital, €31.400.000
  • Statutes amendment
  • Permanent representative, PALM Alexis (représentant permanent du commissaire)
  • Director resignation, DE SAIVE Michel (représentant permanent du commissaire)
2006
02-10
State Gazette act Appointments: Olivier Leruth, Jean-Louis Pierquin and Jacques PELERIN
Mandate compensation6 facts ▸
  • General meeting, 05/04/2006
  • Director appointment, Olivier Leruth (director)
  • Director appointment, Jean-Louis Pierquin (director)
  • Mandate compensation, Olivier Leruth
  • Mandate compensation, Jean-Louis Pierquin
  • Director appointment, Jacques PELERIN (managing director)
06-02
State Gazette act Resignation: Jérôme GRANBOULAN (director)
Appointment: Jean-Louis PIERQUIN (director) · Mandate compensation4 facts ▸
  • Board meeting, 29/11/2005
  • Director resignation, Jérôme GRANBOULAN (director)
  • Director appointment, Jean-Louis PIERQUIN (director)
  • Mandate compensation, Jean-Louis PIERQUIN
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
35 of 35 acts read

Directors · office · real estate

Directors
6 directors, no change since 2024

Board 6

Arcelormittal Belgium
Director · since 27-06-2014 · Legal entity · perm. rep.: DEHUT Bernard
Current
Sparaxis SA
Director · since 03-09-2024 · Legal entity · perm. rep.: Renaud Schetter
Current
ArcelorMittal Belgium SA
Director · Legal entity · perm. rep.: Manfred Van Vlierberghe
Current
ArcelorMittal Holding and Services Belgium
Director · Legal entity · perm. rep.: Eric Gailly
Current
GAILLY Eric
Director
Current
Wallonie Entreprendre
Director · Legal entity · from a recent act
Current
11 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
Jean-Louis Pierquin
Director · since 29-11-2005
Not recently confirmed
Olivier Leruth
Director · since 05-04-2006
Not recently confirmed
Bernard Bramaud
Director · since 28-05-2008
Not recently confirmed
ELAN CONSULTING SPRL
Director · since 28-05-2008 · Legal entity · perm. rep.: Jean-Pierre Picquereau
Not recently confirmed
Francois MUDRY
Director · since 28-05-2008
Not recently confirmed
SOGEFA
Director · since 27-05-2009 · Legal entity · perm. rep.: Jean-Pierre Picquereau
Not recently confirmed
Renaud Witmeur
Director · since 29-04-2013
Not recently confirmed
Vulcain Holding
Director · since 27-06-2014 · Legal entity · perm. rep.: GAILLY Eric
Not recently confirmed
SOCIETE WALLONNE DE GESTION ET DE PARTICIPATIONS
Director · since 11-06-2015 · Legal entity · perm. rep.: Renaud WITMEUR
Not recently confirmed
SOGEPA
Director · since 25-05-2016 · Legal entity · perm. rep.: Renaud Witmeur
Not recently confirmed
Vulcain Holding
Director · since 25-05-2016 · Legal entity · perm. rep.: Eric Gailly
Not recently confirmed

Permanent representatives 4

DEHUT Bernard
Permanent representative · since 27-06-2014 · for Arcelormittal Belgium
Current
Renaud Schetter
Permanent representative · since 03-09-2024 · for Sparaxis SA
Current
Eric Gailly
Permanent representative · for ArcelorMittal Holding and Services Belgium
Current
Manfred Van Vlierberghe
Permanent representative · for ArcelorMittal Belgium SA
Current
2 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
Jean-Pierre Picquereau
Permanent representative · since 27-05-2009 · for SOGEFA
Not recently confirmed
Renaud Witmeur
Permanent representative · since 25-05-2016 · for SOGEPA
Not recently confirmed

Statutory auditor 1

Ernst & Young Réviseurs d'Entreprises SRL
Statutory auditor · since 28-12-2022 · perm. rep.: Thomas Meurice
Current
"From a recent act": read from a Gazette act not yet processed into our list of directors.
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Liège · 1 establishment unit since 2004
seat establishment approximate The establishment unit on the map
Ground area
8,919 m²
Building footprint
2,099 m²
Volume, LiDAR
69,247 m³
2 parcels, Wallonia · tallest building 43.0 m, ±12 floors. Linked by address, not a title deed.
45 companies at this address See who is registered here
1 establishment unit
ARCEO
Rue Sompré SN, 4400 FlémalleNACE 27100
since 20042.138.869.004
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62083B0065/00L000 Wallonia 6,108 m² 1 · 99 m² 18.3 m · 4 fl.
62803A1368/00V000 Wallonia 2,811 m² 1 · 1,999 m² 43.0 m · 12 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Mandate history

38 people since 2005, 18 in office
Show
  • Board
  • Day-to-day management
  • Statutory auditor
  • not recently confirmed
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Arcelormittal Belgium
  • Director, from 27-06-2014 to date
GAILLY Eric
  • Daily management delegate, from 22-04-2015 to 25-10-2021
  • Director, already before 11-07-2023 to date
ArcelorMittal Holding and Services Belgium
  • Director, already before 02-12-2020 to date
Sparaxis SA
  • Director, from 03-09-2024 to date
ArcelorMittal Belgium SA
  • Director, already before 13-09-2024 to date
Wallonie Entreprendrefrom an act
  • Director, already before 02-03-2026 to date
Ernst & Young Réviseurs d'Entreprises SRL
  • Statutory auditor, from 28-12-2022 to date
Jean-Louis Pierquin
  • Director, from 29-11-2005 not ended, last confirmed 02-10-2006
Olivier Leruth
  • Director, from 05-04-2006 not ended, last confirmed 02-10-2006
Bernard Bramaud
  • Director, from 28-05-2008 not ended, last confirmed 24-07-2008
ELAN CONSULTING SPRL
  • Director, from 28-05-2008 not ended, last confirmed 24-07-2008
Francois MUDRY
  • Director, from 28-05-2008 not ended, last confirmed 24-07-2008
SOGEPA
  • Director, until 24-07-2008
  • Director, already before 25-05-2016 not ended, last confirmed 25-09-2019
SOGEFA
  • Director, from 27-05-2009 not ended, last confirmed 29-03-2010
Renaud Witmeur
  • Director, from 29-04-2013 not ended, last confirmed 26-07-2013
Vulcain Holding
  • Director, from 27-06-2014 not ended, last confirmed 04-08-2014
SOCIETE WALLONNE DE GESTION ET DE PARTICIPATIONS
  • Director, from 11-06-2015 not ended, last confirmed 13-07-2015
Vulcain Holding
  • Director, from 25-05-2016 not ended, last confirmed 13-06-2016
Renaud SCHETTER
  • Director, from 11-11-2022 to 03-09-2024
Deloitte
  • Statutory auditor, from 24-07-2008 to 28-12-2022
Florence Vanderthommen
  • Director, from 02-04-2014 to 11-11-2022
  • Daily management delegate, from 22-04-2015 to 25-10-2021
GUTT Olivier
  • Director, already before 16-07-2010 to 30-09-2016
R. Witmeur
  • Director, until 11-06-2015
DEHUT Bernard
  • Director, from 26-07-2013 to 27-06-2014
HAMENDE Pascale
  • Director, from 02-04-2014 to 27-06-2014
PAULMIER Robin
  • Director, already before 28-05-2014 to 27-06-2014
PERDANG Paul
  • Director, already before 28-05-2014 to 27-06-2014
Jacques PELERIN
  • Managing director, from 02-10-2006 to 06-03-2014
  • Director, already before 16-07-2010 to 13-05-2014
SOGEPA
  • Director, until 13-05-2014
F. Mudry
  • Director, until 26-07-2013
Libert FROIDMONT
  • Director, already before 16-07-2010 to 26-07-2013
ELAN CONSULTING
  • Director, until 29-03-2010
Patrick Depardon
  • Director, from 28-05-2008 to 29-03-2010
G. Biau
  • Director, until 24-07-2008
J.L. Pierquin
  • Director, until 24-07-2008
KPMG
  • Statutory auditor, until 24-07-2008
O. Leruth
  • Director, until 24-07-2008
Jérôme GRANBOULAN
  • Director, until 06-02-2006
See the board, name and seat on a given date →

Structure & network

Part of the group ARCELORMITTAL HOLDING AND SERVICES BELGIUM 10 companies Group, risk and exposure

Owners and holdings

3 owners

Chain of control

  1. ARCELORMITTAL HOLDING AND SERVICES BELGIUM 100%
  2. ARCELORMITTAL BELGIUM 61.89%
  3. ARCEO

Highest known parent: ARCELORMITTAL HOLDING AND SERVICES BELGIUM. The sources do not say who stands above it.

According to the 2025 annual accounts of ARCEO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

39 connected companies
Linked via shared directors
RETRIMEUSE
via GAILLY Eric · Représentant d'arcelormittal holding and services belgium, administrateur
former→
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FVH M
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ID CAMPUS ASBL
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NLMK CLABECQ
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Pôle GREENWIN
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SPA GRAND PRIX
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SPARAXIS
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TECHNIFUTUR
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TUBES DE HAREN ET NIMY
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Capital and shareholders

Shareholders according to the acts
After the capital increase act of 13-01-2017 ↗
  • SOGEPA 3,595 shares
After the capital increase act of 13-07-2015 ↗
  • ArcelorMittal Belgium
  • SOCIETE WALLONNE DE GESTION ET DE PARTICIPATIONS
After the capital increase act of 04-08-2014 ↗
After the capital increase act of 21-01-2011 ↗
  • SOGEPA
After the capital increase act of 01-04-2010 ↗
  • ArcelorMittal Belgium SA 2,250,000 EUR in cash
  • SOGEPA 2,250,000 EUR in kind
After the capital increase act of 21-01-2008 ↗
  • ARCELOR STEEL BELGIUM
  • SOCIETE WALLONNE DE GESTION ET DE PARTICIPATIONS

The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.

Capital over the years
  1. 08-08-2025 Capital reduction of 75,200,946.31 EUR · to 136,408,746.31 EUR · repaid to the shareholders
  2. 13-01-2017 Capital increase of 3,595,800 EUR · to 252,083,800 EUR · 3,595 new shares
  3. 13-01-2017 Capital reduction of 40,474,107.39 EUR · to 211,609,692.61 EUR · to absorb losses
  4. 13-07-2015 Capital increase of 150,288,000 EUR · to 248,488,000 EUR
  5. 04-08-2014 Capital increase of 55,000,000 EUR · to 98,200,000 EUR
  6. 21-01-2011 Capital increase of 7,300,000 EUR · to 43,200,000 EUR · in cash
  7. 01-04-2010 Capital increase of 4,500,000 EUR · to 35,900,000 EUR
  8. 21-01-2008 Capital increase of 7,000,000 EUR · to 31,400,000 EUR · 7 new shares

Recognitions · licences · registrations

Legal Entity Identifier

5493004NKTHE9MUZKQ96
live in the LEI register

Similar companies · same sector, comparable size

Of 191 companies in sector 24100 we hold annual accounts for 134. 15 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded10-06-2004
Fiscal year end31-12
Activities, NACEBEL 2025
24100Manufacture of basic metals
E-invoicing
Reachable via Peppol
Peppol ID 0208:0865732522
Also 9925:BE0865732522
Registered 16-12-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.