Castolin Eutectic Benelux
Open bankruptcyA bankruptcy procedure is open for Castolin Eutectic Benelux according to publications in the Belgian State Gazette; curator: THIERRY OPSOMER.
Summary
The 2023 annual accounts show negative equity (-€713,486) and a net result of €21,654.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Hainaut, Tournai division
- Declared bankrupt
- 14 July 2026
- Supervising judge
- Karim Ben Yahia
- Official Gazette
- 22-07-2026 (pdf) ↗search the document for 2026/132749
Deadlines
- Provisional date payments stopped
- 14 July 2026A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 6 August 2026Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 13 August 2026art. XX.104 and XX.155 CEL
- First verification report
- passed on 4 September 2026Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- 14 July 2027Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Thierry OpsomerChaussee De Warneton 340, 7784 Warneton- . Date provisoire de cessation de paiement : 14/07/2026thierry@opsomer-scouflaire.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Two signals.
+raises risk
Checked, nothing found (1)
History
Castolin Eutectic Benelux was incorporated on 16 December 1955.1 Since 2026, Giuseppe Cinanni has served as sole director of the company.2 Revenue went from EUR 8.3 million in 2018 to EUR 8.9 million in 2020 and headcount from 34.7 full-time equivalents in 2018 to 33.3 in 2023.3 On 14 July 2026 the company was declared bankrupt.4
Go further with this company
What became of the directors' other companies?Supplier due diligence Who ran this company, and where was it based, on a date before the end?Company as of a date Are there other customers at risk in your own list?List enrichment How is the Wholesale of machine tools sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, full schema
Turnover
€8.9m▼ 12.9%
2019 · €10.3m
EBIT margin
10.1%▲ 4.8pp
2019 · 5.3%
Net result
€21,654
2022 · -€272,857
Working capital
€819,161▲ 16.9%
2022 · €700,997
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Turnover€10.3m▲ 23.5%€8.9m▼ 12.9%
Operating result€542,760▲ 729%€902,806▲ 66.3%€47,185▼ 94.8%-€134,634€228,591
Net result€348,765€657,894above the sector's middle half▲ 88.6%-€79,330below the sector's middle half-€272,857below the sector's middle half▼ 244%€21,654within the sector's middle half
EBIT margin5.3%▲ 4.5pp10.1%▲ 4.8pp
Equity-€1.0m▲ 25.1%-€382,953below the sector's middle half▲ 63.2%-€462,283below the sector's middle half▼ 20.7%-€735,140below the sector's middle half▼ 59.0%-€713,486below the sector's middle half▲ 2.9%
Total assets€3.0m▲ 12.5%€3.5mwithin the sector's middle half▲ 16.7%€3.4mwithin the sector's middle half▼ 3.5%€4.1mwithin the sector's middle half▲ 22.0%€4.2mwithin the sector's middle half▲ 1.8%
Debt€3.9m▼ 1.3%€3.8m▼ 3.5%€3.7m▼ 2.7%€4.7m▲ 26.6%€4.7m▲ 1.8%
Working capital-€1.1m▲ 24.8%-€1.1mbelow the sector's middle half▲ 5.3%-€1.0mbelow the sector's middle half▲ 5.3%€700,997within the sector's middle half€819,161within the sector's middle half▲ 16.9%
Solvency-34.8%▲ 17.5pp-11.0%below the sector's middle half▲ 23.8pp-13.7%below the sector's middle half▼ 2.8pp-17.9%below the sector's middle half▼ 4.2pp-17.1%below the sector's middle half▲ 0.8pp
Current ratio0.71▲ 0.090.72below the sector's middle half▲ 0.010.73below the sector's middle half▲ 0.011.26within the sector's middle half▲ 0.531.31within the sector's middle half▲ 0.04
Return on assets (ROA)11.7%▲ 13.2pp18.8%above the sector's middle half▲ 7.2pp-2.4%below the sector's middle half▼ 21.2pp-6.6%below the sector's middle half▼ 4.3pp0.5%within the sector's middle half▲ 7.2pp
Staff (FTE)26.5▼ 23.6%26.5within the sector's middle half=26.9within the sector's middle half▲ 1.5%29.2above the sector's middle half▲ 8.6%33.3above the sector's middle half▲ 14.0%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2023: €228,591 after a loss of €134,634 in 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €4.2m
Fixed assets
€685,508 ▼ 6.9%
Current assets
€3.5m ▲ 3.7%
Key figures and ratios
EBITDA
€411,441▲
2022 · €26,616
Cash flow
€204,504▲
2022 · -€111,608
Quick ratio
0.86▲
2022 · 0.84
Debt to equity
-6.65▼
2022 · -6.34
Interest coverage
2.42▲
2022 · 0.20
Debt ≤ 1 year
€2.7m▲
2022 · €2.7m
Debt > 1 year
€2.0m=
2022 · €2.0m
Income taxes
€41,908▲
2022 · €4,747
Staff costs
€3.0m▲
2022 · €2.5m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €10.3m | €8.9m | - | - | - | - |
| Non-recurring operating income76A | - | - | €0 | - | €150 | - |
| Remuneration, social security and pensions62 | - | - | €2.3m | €2.5m | €3.0m | ▲ 21.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €73,860 | €80,384 | €141,258 | €161,250 | €182,850 | ▲ 13.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €28,153 | -€17,521 | -€146,196 | ▼ 734% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | €58,342 | €34,963 | -€33,223 | ▼ 195% |
| Other operating charges640/8 | - | - | €19,405 | €20,071 | €28,134 | ▲ 40.2% |
| Non-recurring operating charges66A | - | - | €345 | €238 | €1,000 | ▲ 320% |
| Gross operating margin9900 | €3.3m | €3.3m | €2.6m | €2.5m | €3.3m | ▲ 28.6% |
| Operating profit (loss)9901 | €542,760 | €902,806 | €47,185 | -€134,634 | €228,591 | ▲ 270% |
| Financial income75/76B | - | - | €3,671 | €55 | €5,046 | ▲ 9,009% |
| Recurring financial income75 | €1,989 | €17,454 | €3,671 | €55 | €5,046 | ▲ 9,009% |
| Financial charges65/66B | - | - | €97,782 | €133,533 | €170,075 | ▲ 27.4% |
| Recurring financial charges65 | €71,249 | €75,508 | €97,782 | €133,533 | €170,075 | ▲ 27.4% |
| Profit (loss) for the period before taxes9903 | €473,501 | €844,752 | -€46,926 | -€268,111 | €63,561 | ▲ 124% |
| Income taxes67/77 | €124,736 | €186,857 | €32,404 | €4,747 | €41,908 | ▲ 783% |
| Profit (loss) for the period9904 | €348,765 | €657,894 | -€79,330 | -€272,857 | €21,654 | ▲ 108% |
| Profit (loss) for the period to be appropriated9905 | €348,765 | €657,894 | -€79,330 | -€272,857 | €21,654 | ▲ 108% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.0m | €3.5m | €3.4m | €4.1m | €4.2m | ▲ 1.8% |
| Fixed assets21/28 | €193,011 | €768,938 | €691,588 | €736,069 | €685,508 | ▼ 6.9% |
| Intangible fixed assets21 | - | - | - | €12,697 | €14,506 | ▲ 14.2% |
| Tangible fixed assets22/27 | €193,011 | €768,938 | €691,588 | €723,372 | €671,002 | ▼ 7.2% |
| Plant, machinery and equipment23 | - | - | €444,674 | €527,095 | €500,673 | ▼ 5.0% |
| Furniture and vehicles24 | - | - | €34,722 | €335 | €4,070 | ▲ 1,116% |
| Other tangible fixed assets26 | - | - | €212,192 | €195,942 | €166,259 | ▼ 15.1% |
| Current assets29/58 | €2.8m | €2.7m | €2.7m | €3.4m | €3.5m | ▲ 3.7% |
| Stocks and contracts in progress3 | €256,554 | €335,826 | €718,536 | €1.1m | €1.2m | ▲ 6.5% |
| Stocks30/36 | - | - | €718,536 | €1.1m | €1.2m | ▲ 6.5% |
| Amounts receivable within one year40/41 | €2.3m | €2.1m | €1.8m | €2.0m | €2.2m | ▲ 10.9% |
| Trade receivables40 | - | - | €1.8m | €2.0m | €2.2m | ▲ 8.6% |
| Other amounts receivable41 | - | - | €2,568 | €0 | €44,887 | - |
| Cash at bank and in hand54/58 | €217,735 | €298,801 | €89,841 | €231,910 | €36,213 | ▼ 84.4% |
| Deferred charges and accrued income490/1 | - | - | €41,045 | €35,952 | €67,361 | ▲ 87.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.0m | €3.5m | €3.4m | €4.1m | €4.2m | ▲ 1.8% |
| Equity10/15 | -€1.0m | -€382,953 | -€462,283 | -€735,140 | -€713,486 | ▲ 2.9% |
| Contributions10/11 | €150,000 | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Capital10 | - | - | €150,000 | €150,000 | €150,000 | = |
| Issued capital100 | - | - | €150,000 | €150,000 | €150,000 | = |
| Reserves13 | €139,835 | €139,835 | €139,835 | €139,835 | €139,835 | = |
| Non-distributable reserves130/1 | - | - | €139,835 | €139,835 | €139,835 | = |
| Legal reserve130 | - | - | €139,835 | €139,835 | €139,835 | = |
| Profit (loss) carried forward14 | -€1.3m | -€672,788 | -€752,118 | -€1.0m | -€1.0m | ▲ 2.1% |
| Provisions and deferred taxes16 | €114,325 | €91,942 | €150,284 | €185,247 | €152,024 | ▼ 17.9% |
| Provisions for liabilities and charges160/5 | - | - | €150,284 | €185,247 | €152,024 | ▼ 17.9% |
| Environmental obligations163 | - | - | €150,284 | €185,247 | €152,024 | ▼ 17.9% |
| Other liabilities and charges164/5 | - | - | €0 | - | - | - |
| Amounts payable17/49 | €3.9m | €3.8m | €3.7m | €4.7m | €4.7m | ▲ 1.8% |
| Amounts payable after more than one year17 | - | - | - | €2.0m | €2.0m | = |
| Financial debts170/4 | - | - | - | €2.0m | €2.0m | = |
| Amounts payable within one year42/48 | €3.9m | €3.8m | €3.7m | €2.7m | €2.7m | ▲ 0.2% |
| Trade debts44 | €1.0m | €985,948 | €1.1m | €1.4m | €1.1m | ▼ 18.6% |
| Suppliers440/4 | - | - | €593,688 | €1.0m | €780,671 | ▼ 24.6% |
| Bills of exchange payable441 | - | - | €462,952 | €368,792 | €361,330 | ▼ 2.0% |
| Advances received on contracts in progress46 | - | - | €184,125 | €222,776 | €125,065 | ▼ 43.9% |
| Taxes, remuneration and social security45 | - | - | €528,677 | €351,394 | €579,613 | ▲ 64.9% |
| Taxes450/3 | - | - | €235,882 | €112,806 | €110,460 | ▼ 2.1% |
| Remuneration and social security454/9 | - | - | €292,796 | €238,588 | €469,153 | ▲ 96.6% |
| Other amounts payable47/48 | - | - | €1.9m | €695,702 | €832,437 | ▲ 19.7% |
| Accrued charges and deferred income492/3 | - | - | - | - | €79,171 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €348,765 | €657,894 | -€79,330 | -€272,857 | €21,654 | ▲ 108% |
| + Depreciation and write-downs630 | €73,860 | €80,384 | €141,258 | €161,250 | €182,850 | ▲ 13.4% |
| Operating cash flow (approximation) | €422,625 | €738,278 | €61,928 | -€111,608 | €204,504 | ▲ 283% |
| Investment in fixed assets (approximation) | - | -€656,312 | -€63,908 | -€205,731 | -€132,289 | ▲ 35.7% |
| Change in cash | - | €81,066 | -€208,960 | €142,069 | -€195,697 | ▼ 238% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
22-07
Bankruptcy
Opening
Tribunal de l’entreprise du Hainaut, division Tournai · event 14-07-2026
06-07
State Gazette act
Resignation: Berthold Jansen (director)Appointment: Giuseppe Cinanni (sole director) · Statutes amendment · Capital9 facts ▸
State Gazette act
Resignation: Berthold Jansen (director)
Appointment: Giuseppe Cinanni (sole director) · Statutes amendment · Capital9 facts ▸
- General meeting, 24-06-2026
- Statutes amendment
- Statutes amendment
- Capital, €150.000
- Director resignation, Berthold Jansen (director)
- Director appointment, Giuseppe Cinanni (sole director)
- Other statement, procuration coordination des statuts
- Other statement, pouvoirs à organe administration
- Other statement, délivrance avant enregistrement, article 173,1°bis Code des Droits Enregistrement
22-05
State Gazette act
Resignations: Isabelle Van der Beken (director) and Paul Vandegard (director)Appointments: Berthold Jansen (director) and Giuseppe Cinanni (director)6 facts ▸
State Gazette act
Resignations: Isabelle Van der Beken (director) and Paul Vandegard (director)
Appointments: Berthold Jansen (director) and Giuseppe Cinanni (director)6 facts ▸
- General meeting, 07-03-2026
- Director resignation, Isabelle Van der Beken (director)
- Director resignation, Paul Vandegard (director)
- Director appointment, Berthold Jansen (director)
- Director appointment, Giuseppe Cinanni (director)
- Other statement, exécution de leurs mandats, rémunération des administrateurs
2025
19-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 415 days late
2024
18-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 171 days late
2023
31-12
Financial
Back to profitnet €21,654
Net result €21,654 after 2 loss-making years.
2022
31-12
Financial
Weakest financial yearnet -€272,857
Net result drops to -€272,857, the lowest in the series.
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €657,894 ▲88.6%
Operating result €902,806, net result €657,894, both a record.
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €348,765
Net result €348,765 after one loss-making year.
Show earlier events
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
14-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
13-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
10-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
23-06
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
SignalFinancial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
2 of 19 acts read
About the unread acts
Of the 19 Belgian State Gazette acts we know for this company, 2 have been read. The other 17 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Giuseppe Cinanni
CurrentSole director · since 07-03-2026
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 →
Not every act has been read: a resignation may be missing here
17 of this company's 19 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Enghien · 1 establishment unit since 2007
Ground area
1.3 ha
Building footprint
105 m²
Volume, LiDAR
639 m³
Parcel 55033D0088/00L000, Wallonia · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MESSER EUTETIC CASTOLIN BENELUX
since 20072.167.985.137
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55033D0088/00L000 | Wallonia | 1.3 ha | 1 · 105 m² | 9.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
4 people since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Giuseppe Cinanni |
|
| Berthold Jansen |
|
| Isabelle Van der Beken |
|
| Paul Vandegard |
|
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | THIERRY OPSOMER CHAUSSEE DE WARNETON 340,
7784 WARNETON- .
Date provisoire de cessation de paiement : 14/07/2026 |
14-07-2026 → present |
Articles of association
Annual meeting
Third Wednesday of May at 11:00
Duration
Unlimited
Legal form clause
Société anonyme
Name clause
Castolin Eutectic Benelux
Registered office clause
Région wallonne, pour autant que décision n’entraîne pas changement régime linguistique applicable
Board rule
Administrateur unique, organe d’administration collégial,appelé conseil d’administration
Durée déterminée ou indéterminée, assemblée générale peut mettre terme à tout moment,avec effet immédiat et sans motif
Six ans au plus, nombre de membres minimum requis par la loi
Conseil élit parmi ses membres un président, empêchement président,remplacé par vice-président ou,défaut,autre administrateur désigné par collègues,ou défaut ac…
Other statement
Tous actes nécessaires ou utiles à réalisation objet société, pouvoirs organe d’administration
Organe détermine s’ils agissent seul ou conjointement, gestion journalière
Gestion journalière-délégués, en tout temps
Admission assemblée générale et vote, inscription registre titres nominatifs
Mandataire, représentation à assemblée générale
Droit de vote et majorité, actions sans droit de vote selon loi
Affectation bénéfices, fonds atteint un-dixième du capital
Paiement dividendes et acomptes, organe administration
Liquidation rule
Dissolution pour quelque raison que ce soit à n'importe quel moment, organe administration en fonction comme collège
Toutes opérations prévues par loi, assemblée générale majorité des voix
Liquidation distribution
Article 39. Mode de liquidation
Structure & network
Owners and holdings
2 ownersChain of control
- Castolin Eutectic GmbHDE
- Castolin Eutectic Benelux
Highest known parent: Castolin Eutectic GmbH (Germany). The sources do not say who stands above it.
Owners 2
- Castolin Eutectic GmbHDEparentSourceown accounts 202399.82%
- Castolin GmbhDESourceown accounts 20230.18%
Holdings 0
The accounts to 31-12-2023 list no holdings, and no other source names one.
According to the 2023 annual accounts of Castolin Eutectic Benelux 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
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
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Shareholding
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Capital and shareholders
Capital over the years
- 06-07-2026 Capital stated in the act · 150,000 EUR · 105,235 shares
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Identification & contact
Identification
Legal formPublic limited company
Founded16-12-1955
Fiscal year end31-12
Abbreviation FR
MEC BENELUX
Activities, NACEBEL 2025
46620Wholesale of machine tools
46649Wholesale of other machinery and equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0402932258
Registered
27-03-2026
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.