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ARCEO

Active
Public limited companyfounded 2004active for 22 yearsAvenue Maurice-Destenay 13, 4000 Liège, Belgium45 active companies are registered at this addressKBO/BCE: BE 0865.732.522
Summary

ARCEO has been active since 2004 and the Belgian Official 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 financial years (±0.4% per year). Its solvency ranks better than 95% of 145 sector peers (NACE 24, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Risk analysisFollow ReportCompare
ARCEOActiveChecked score 95/100
Risk analysis ReportCompare

Directors

Directors
5 directors, no change since 2024

Board 5

Arcelormittal Belgium
Director · since 27-06-2014 · Legal entity · permanent representative: Manfred Van Vlierberghe
Current
SPARAXIS
Director · since 13-09-2024 · Public limited company · permanent representative: Renaud Schetter
Current
ArcelorMittal Holding and Services Belgium
Director · Legal entity · permanent representative: Eric Gailly
Current
GAILLY Eric
Director
Current
Wallonie Entreprendre
Director · Legal entity · from a recent deed
Current
5 not recently confirmed
Still in office according to the deeds, but no deed of the last six years confirms the mandate. Mandates like this have often ended since, in a deed we have not read yet.
Bernard Bramaud
Director · since 28-05-2008
Not recently confirmed
SOGEFA
Director · since 27-05-2009 · Legal entity · permanent representative: Jean-Pierre Picquereau
Not recently confirmed
Vulcain Holding
Director · since 27-06-2014 · Legal entity · permanent representative: Eric Gailly
Not recently confirmed
SOCIETE WALLONNE DE GESTION ET DE PARTICIPATIONS
Director · since 11-06-2015 · Legal entity · permanent representative: Renaud WITMEUR
Not recently confirmed
SOGEPA
Director · since 25-05-2016 · Legal entity · permanent representative: Renaud Witmeur
Not recently confirmed

Permanent representatives 3

Manfred Van Vlierberghe
Permanent representative · since 27-06-2014 · for Arcelormittal Belgium
Current
Renaud Schetter
Permanent representative · since 13-09-2024 · for SPARAXIS
Current
Eric Gailly
Permanent representative · for ArcelorMittal Holding and Services Belgium
Current
2 not recently confirmed
Still in office according to the deeds, but no deed of the last six years confirms the mandate. Mandates like this have often ended since, in a deed we have not read yet.
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

Emst & Young Réviseurs d'Entreprises SRL
Statutory auditor · since 28-12-2022 · permanent representative: Thomas Meurice
Current
"From a recent act": read from a Gazette act not yet processed into our list of directors.
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →

Mandate history

30 people since 2005, 11 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, since before 11-07-2023
ArcelorMittal Holding and Services Belgium
  • Director, since before 02-12-2020
SPARAXIS
  • Director, from 13-09-2024 to date
Wallonie Entreprendrefrom an act
  • Director, since before 02-03-2026
Emst & Young Réviseurs d'Entreprises SRL
  • Statutory auditor, from 28-12-2022 to date
Bernard Bramaud
  • Director, from 28-05-2008 not ended, last confirmed 24-07-2008
SOGEPA
  • Director, until 24-07-2008
  • Director, until 13-05-2014
  • Director, from before 25-05-2016 not ended, last confirmed 25-09-2019
SOGEFA
  • Director, from 27-05-2009 not ended, last confirmed 29-03-2010
Vulcain Holding
  • Director, from 27-06-2014 not ended, last confirmed 13-06-2016
SOCIETE WALLONNE DE GESTION ET DE PARTICIPATIONS
  • Director, from 11-06-2015 not ended, last confirmed 13-07-2015
Renaud SCHETTER
  • Director, from 11-11-2022 to 13-09-2024
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, from before 16-07-2010 to 30-09-2016
Renaud Witmeur
  • Director, from 29-04-2013 to 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, from before 28-05-2014 to 27-06-2014
PERDANG Paul
  • Director, from before 28-05-2014 to 27-06-2014
Jacques PELERIN
  • Managing director, from 02-10-2006 to 06-03-2014
  • Director, from before 16-07-2010 to 13-05-2014
Francois MUDRY
  • Director, from 28-05-2008 to 26-07-2013
Libert FROIDMONT
  • Director, from before 16-07-2010 to 26-07-2013
ELAN CONSULTING SPRL
  • Director, from 28-05-2008 to 29-03-2010
Patrick Depardon
  • Director, from 28-05-2008 to 29-03-2010
G. Biau
  • Director, until 24-07-2008
Jean-Louis Pierquin
  • Director, from 29-11-2005 to 24-07-2008
KPMG
  • Statutory auditor, until 24-07-2008
Olivier Leruth
  • Director, from 05-04-2006 to 24-07-2008
Jérôme GRANBOULAN
  • Director, until 06-02-2006
See the board, name and registered office on a given date →

The directors' other companies

2 current directors with another company that went bankrupt, was dissolved or struck off

8 other companies of this director went bankrupt (2025, 2026).

SOGEPA

1 other company of this director went bankrupt (2026).

Source: Belgian Official Gazette (bankruptcies, judicial dissolutions, board mandates), FPS Economy (strike-offs) and the KBO register. A bankruptcy, dissolution or strike-off says nothing about the director's part in it. Only boards we have read from the Gazette; other companies may still be missing.

Owners and capital

Owners

4 owners

Chain of control

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

Highest known parent: ArcelorMittal (Luxembourg). The sources do not say who stands above it.

Owners 4

According to the 2025 annual accounts of ARCEO and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.

Capital and shareholders

Shareholders according to the deeds
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 in cash
  • SOGEPA €2,250,000 in kind
After the capital increase act of 21-01-2008 ↗
  • ARCELOR STEEL BELGIUM
  • SOCIETE WALLONNE DE GESTION ET DE PARTICIPATIONS

The Belgian Official 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 · to €136,408,746.31 · repaid to the shareholders
  2. 14-01-2025 Capital stated in the deed · 238,683 shares
  3. 13-01-2017 Capital increase of €3,595,800 · to €252,083,800 · 3,595 new shares
  4. 13-01-2017 Capital reduction of €40,474,107.39 · to €211,609,692.61 · to absorb losses
  5. 13-07-2015 Capital increase of €150,288,000 · to €248,488,000
  6. 04-08-2014 Capital increase of €55,000,000 · to €98,200,000
  7. 21-01-2011 Capital increase of €7,300,000 · to €43,200,000 · in cash
  8. 01-04-2010 Capital increase of €4,500,000 · to €35,900,000
Show 1 older capital entries
  1. 21-01-2008 Capital increase of €7,000,000 · to €31,400,000 · 7 new shares

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