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John Cockerill Hydrogen Belgium

Active
Public limited companyfounded 20215 yrs activeRue Jean Potier 1, 4100 Seraing, BelgiumKBO/BCE: BE 0772.789.892
Summary

The annual accounts of John Cockerill Hydrogen Belgium for fiscal year 2025 show a net loss of 62% of total assets and of 163% of the equity at the start of that year. The 2025 annual accounts show equity of €21.99M and a net result of €-99.68M. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 29% of 270 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.8% (low).

John Cockerill Hydrogen BelgiumActiveChecked score 37/100

Checked score

Score 2025
Axes · tick = 2024
Profitability0=
Solvency39▼-24
Growth68=
Track record94
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €800k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.8 against 0.74 in 2024; short-term debt: 69.9% and cash: 0.8% of total assets), and 86.4% of the assets are financed with debt.
Credit check for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 5 years 0 10 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 35
Relative position
BE, all sectors
reference
Electricity, gas, steam and air conditioning supply (NACE 35)
about 42% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
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
13.6%
Return on assets
-61.6%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
22232425
2022 to 2025 · latest year €-99.68M
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-07-2026, 24 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
24 d early
2024
13 d early
2023
7 d late
2022
75 d early
← before the deadline after the deadline →
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
25-09-2026 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

Financials · fiscal year 2025, full schema

Turnover
€14.28M▲ 41.2%
2024 · €10.11M
2022: €2.64M 2023: €2.52M▼ -4.7% vs 2022lowest in 4 years 2024: €10.11M▲ +301% vs 2023 2025: €14.28M▲ +41.2% vs 2024highest in 4 years
2022 → 2025
EBIT margin
-491.9%▼ 89.8pp
2024 · -402.1%
2022: -582.8% 2023: -1432.7%▼ -146% vs 2022lowest in 4 years 2024: -402.1%▲ +71.9% vs 2023highest in 4 years 2025: -491.9%▼ -22.3% vs 2024
2022 → 2025
Net result
€-99.68M▼ 1.8%
2024 · €-97.92M
2022: €-16.41Mhighest in 4 years 2023: €-42.32M▼ -158% vs 2022 2024: €-97.92M▼ -131% vs 2023 2025: €-99.68M▼ -1.8% vs 2024lowest in 4 years
2022 → 2025
Working capital
€-22.32M▲ 11.5%
2024 · €-25.21M
2022: €-40.10M 2023: €-133.93M▼ -234% vs 2022lowest in 4 years 2024: €-25.21M▲ +81.2% vs 2023 2025: €-22.32M▲ +11.5% vs 2024highest in 4 years
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line2022202320242025Trend
Turnover€2.64M-€2.52M▼ 4.7%€10.11M▲ 301%€14.28M▲ 41.2% 2022: €2.64M 2023: €2.52M▼ -4.7% vs 2022lowest in 4 years 2024: €10.11M▲ +301% vs 2023 2025: €14.28M▲ +41.2% vs 2024highest in 4 years
Equity€-11.35M-€-46.14M▼ 306%€61.30M€21.99M▼ 64.1% 2022: €-11.35M 2023: €-46.14M▼ -306% vs 2022lowest in 4 years 2024: €61.30M▲ +233% vs 2023highest in 4 years 2025: €21.99M▼ -64.1% vs 2024
Operating result€-15.41M-€-36.10M▼ 134%€-40.65M▼ 12.6%€-70.23M▼ 72.7% 2022: €-15.41Mhighest in 4 years 2023: €-36.10M▼ -134% vs 2022 2024: €-40.65M▼ -12.6% vs 2023 2025: €-70.23M▼ -72.7% vs 2024lowest in 4 years
Net result€-16.41M-€-42.32M▼ 158%€-97.92M▼ 131%€-99.68M▼ 1.8% 2022: €-16.41Mhighest in 4 years 2023: €-42.32M▼ -158% vs 2022 2024: €-97.92M▼ -131% vs 2023 2025: €-99.68M▼ -1.8% vs 2024lowest in 4 years
Result per fiscal year
Operating resultNet result
€-100.00M€-75.00M€-50.00M€-25.00M€0Operating result 2022: €-15.41M€-15.41MNet result 2022: €-16.41M€-16.41MOperating result 2023: €-36.10M€-36.10MNet result 2023: €-42.32M€-42.32MOperating result 2024: €-40.65M€-40.65MNet result 2024: €-97.92M€-97.92MOperating result 2025: €-70.23M€-70.23MNet result 2025: €-99.68M€-99.68M2022202320242025€-100M€-75M€-50M€-25M€0Operating result 2023: €-36.10M€-36MNet result 2023: €-42.32M€-42MOperating result 2024: €-40.65M€-41MNet result 2024: €-97.92M€-98MOperating result 2025: €-70.23M€-70MNet result 2025: €-99.68M€-100M202320242025
The operating result stays negative: a loss of €70.23M in 2025 against €40.65M in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €161.86M
Fixed assets €71.00M ▼ 20.7%
Current assets €90.86M ▲ 27.3%
Equity and liabilities €161.86M
Equity €21.99M ▼ 64.1%
Provisions €26.60M ▲ 807%
Debt €113.27M ▲ 17.1%
Debt's share of the balance-sheet total rises from 60.1% to 70.0%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€-61.12M▼
2024 · €-37.20M
Cash flow
€-90.58M▲
2024 · €-94.46M
Current ratio
0.80▲
2024 · 0.74
Quick ratio
0.64▼
2024 · 0.66
Debt to equity
5.15▲
2024 · 1.58
ROE
-453.3%▼
2024 · -159.7%
ROA
-61.6%▼
2024 · -60.8%
Interest coverage
-234.20▼
2024 · -2.73
Debt ≤ 1 year
€113.18M▲
2024 · €96.59M
Income taxes
€-1.33M▼
2024 · €-669k
Staff costs
€16.89M▼
2024 · €19.09M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 90 lines
Balance sheet Code20242025
Assets
Total assets20/58€160.94M€161.86M▲
Fixed assets21/28€89.55M€71.00M▼
Intangible fixed assets21€46.48M€46.35M▼
Tangible fixed assets22/27€5.84M€7.12M▲
Land and buildings22€545k€516k▼
Plant, machinery and equipment23-€25k
Furniture and vehicles24€61k€40k▼
Assets under construction and advance payments27€5.24M€6.54M▲
Financial fixed assets28€37.23M€17.53M▼
Affiliated companies280/1€36.00M€16.00M▼
Participating interests280€36.00M€16.00M▼
Companies linked by participating interests282/3€225k€225k=
Participating interests282€225k€225k=
Other financial fixed assets284/8€1.00M€1.30M▲
Amounts receivable and cash guarantees285/8€1.00M€1.30M▲
Current assets29/58€71.38M€90.86M▲
Stocks and contracts in progress3€7.58M€18.93M▲
Stocks30/36€3.16M€6.67M▲
Raw materials and consumables30/31€253k€16k▼
Work in progress32-€3.49M
Goods purchased for resale34€2.91M€3.17M▲
Contracts in progress37€4.42M€12.26M▲
Amounts receivable within one year40/41€25.23M€44.49M▲
Trade receivables40€17.50M€28.25M▲
Other amounts receivable41€7.73M€16.24M▲
Current investments50/53-€24.10M
Other investments51/53-€24.10M
Cash at bank and in hand54/58€37.88M€1.28M▼
Deferred charges and accrued income490/1€701k€2.05M▲
Equity and liabilities
Total equity and liabilities10/49€160.94M€161.86M▲
Equity10/15€61.30M€21.99M▼
Contributions10/11€149.29M€25.31M▼
Capital10€149.29M€25.31M▼
Issued capital100€149.29M€25.31M▼
Profit (loss) carried forward14€-97.92M€-13.61M▲
Investment grants15€9.93M€10.29M▲
Provisions and deferred taxes16€2.93M€26.60M▲
Provisions for liabilities and charges160/5€2.93M€26.60M▲
Pensions and similar obligations160€959k€1.28M▲
Other liabilities and charges164/5€1.97M€25.32M▲
Amounts payable17/49€96.70M€113.27M▲
Amounts payable within one year42/48€96.59M€113.18M▲
Current portion of amounts payable after more than one year42€6.00M€6.00M=
Financial debts43€337k€1.01M▲
Other loans439€337k€1.01M▲
Trade debts44€29.00M€17.08M▼
Suppliers440/4€29.00M€17.08M▼
Advances received on contracts in progress46€47.90M€75.75M▲
Taxes, remuneration and social security45€3.70M€3.63M▼
Taxes450/3€10k€2k▼
Remuneration and social security454/9€3.69M€3.63M▼
Other amounts payable47/48€9.66M€9.70M▲
Accrued charges and deferred income492/3€108k€96k▼
Income statement Code20242025
Operating income70/76A€42.22M€51.53M▲
Turnover70€10.11M€14.28M▲
Change in stocks of work in progress, finished goods and contracts in progress71€1.97M€11.33M▲
Own construction capitalised72€15.24M€10.57M▼
Other operating income74€14.90M€15.35M▲
Operating charges60/66A€82.88M€121.76M▲
Goods for resale, raw materials and consumables60€10.97M€22.92M▲
Purchases600/8€14.24M€24.53M▲
Change in stocks: decrease (increase)609€-3.26M€-1.61M▲
Services and other goods61€29.23M€29.16M▼
Remuneration, social security and pensions62€19.09M€16.89M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3.45M€9.10M▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€246k€1.59M▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€-59k€23.66M▲
Other operating charges640/8€14.46M€11.95M▼
Non-recurring operating charges66A€5.48M€6.48M▲
Operating profit (loss)9901€-40.65M€-70.23M▼
Financial income75/76B€694k€1.25M▲
Recurring financial income75€694k€1.25M▲
Income from current assets751€513k€504k▼
Other financial income752/9€181k€750k▲
Financial charges65/66B€58.62M€32.04M▼
Recurring financial charges65€13.89M€1.99M▼
Debt charges650€13.65M€261k▼
Other financial charges652/9€245k€1.73M▲
Non-recurring financial charges66B€44.73M€30.05M▼
Profit (loss) for the period before taxes9903€-98.59M€-101.01M▼
Income taxes67/77€-669k€-1.33M▼
Taxes670/3€64k€79k▲
Tax adjustments and reversals of tax provisions77€733k€1.41M▲
Profit (loss) for the period9904€-97.92M€-99.68M▼
Profit (loss) for the period to be appropriated9905€-97.92M€-99.68M▼
Appropriation of the result
Profit (loss) to be appropriated9906€-156.65M€-197.60M▼
Profit (loss) brought forward from the previous period14P€-58.73M€-97.92M▼
Transfer from equity791/2€58.73M€183.98M▲
From contributions791€58.73M€183.98M▲
Social balance
Average headcount (FTE)9087170.8143.2▼

The notes to these accounts (75 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Accounts by statement
Line2022202320242025Change
Operating income70/76A€8.10M€28.34M€42.22M€51.53M▲ 22.0%
Turnover70€2.64M€2.52M€10.11M€14.28M▲ 41.2%
Change in stocks of work in progress, finished goods and contracts in progress71€1.69M€524k€1.97M€11.33M▲ 476%
Own construction capitalised72€2.51M€9.88M€15.24M€10.57M▼ 30.6%
Other operating income74€1.26M€15.42M€14.90M€15.35M▲ 3.0%
Operating charges60/66A€23.51M€64.45M€82.88M€121.76M▲ 46.9%
Goods for resale, raw materials and consumables60€2.67M€4.72M€10.97M€22.92M▲ 109%
Purchases600/8€2.67M€4.86M€14.24M€24.53M▲ 72.3%
Change in stocks: decrease (increase)609€110€-144k€-3.26M€-1.61M▲ 50.5%
Services and other goods61€10.51M€34.06M€29.23M€29.16M▼ 0.3%
Remuneration, social security and pensions62€7.63M€18.34M€19.09M€16.89M▼ 11.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2.09M€2.50M€3.45M€9.10M▲ 164%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4--€246k€1.59M▲ 546%
Provisions for liabilities and charges: additions (uses and reversals)635/8€22k€2.85M€-59k€23.66M▲ 39,948%
Other operating charges640/8€437k€1.97M€14.46M€11.95M▼ 17.3%
Non-recurring operating charges66A€148k-€5.48M€6.48M▲ 18.3%
Operating profit (loss)9901€-15.41M€-36.10M€-40.65M€-70.23M▼ 72.7%
Financial income75/76B€313k€785k€694k€1.25M▲ 80.8%
Recurring financial income75€313k€785k€694k€1.25M▲ 80.8%
Income from current assets751€111k€322k€513k€504k▼ 1.8%
Other financial income752/9€203k€463k€181k€750k▲ 315%
Financial charges65/66B€1.30M€6.92M€58.62M€32.04M▼ 45.4%
Recurring financial charges65€1.30M€6.92M€13.89M€1.99M▼ 85.7%
Debt charges650€1.11M€6.39M€13.65M€261k▼ 98.1%
Other financial charges652/9€192k€523k€245k€1.73M▲ 605%
Non-recurring financial charges66B--€44.73M€30.05M▼ 32.8%
Profit (loss) for the period before taxes9903€-16.40M€-42.24M€-98.59M€-101.01M▼ 2.5%
Income taxes67/77€14k€85k€-669k€-1.33M▼ 98.7%
Taxes670/3€14k€85k€64k€79k▲ 23.7%
Tax adjustments and reversals of tax provisions77--€733k€1.41M▲ 92.2%
Profit (loss) for the period9904€-16.41M€-42.32M€-97.92M€-99.68M▼ 1.8%
Profit (loss) for the period to be appropriated9905€-16.41M€-42.32M€-97.92M€-99.68M▼ 1.8%
Line2022202320242025Change
Assets
Total assets20/58€66.79M€134.90M€160.94M€161.86M▲ 0.6%
Fixed assets21/28€60.55M€97.46M€89.55M€71.00M▼ 20.7%
Intangible fixed assets21€14.84M€26.26M€46.48M€46.35M▼ 0.3%
Tangible fixed assets22/27€6.75M€12.25M€5.84M€7.12M▲ 21.8%
Land and buildings22--€545k€516k▼ 5.4%
Plant, machinery and equipment23---€25k-
Furniture and vehicles24€2k€76k€61k€40k▼ 33.3%
Assets under construction and advance payments27€6.75M€12.17M€5.24M€6.54M▲ 24.8%
Financial fixed assets28€38.96M€58.96M€37.23M€17.53M▼ 52.9%
Affiliated companies280/1€38.73M€58.73M€36.00M€16.00M▼ 55.6%
Participating interests280€38.73M€58.73M€36.00M€16.00M▼ 55.6%
Companies linked by participating interests282/3€225k€225k€225k€225k=
Participating interests282€225k€225k€225k€225k=
Other financial fixed assets284/8--€1.00M€1.30M▲ 30.0%
Amounts receivable and cash guarantees285/8--€1.00M€1.30M▲ 30.0%
Current assets29/58€6.24M€37.44M€71.38M€90.86M▲ 27.3%
Stocks and contracts in progress3€1.93M€2.59M€7.58M€18.93M▲ 150%
Stocks30/36-€144k€3.16M€6.67M▲ 111%
Raw materials and consumables30/31-€139k€253k€16k▼ 93.6%
Work in progress32---€3.49M-
Goods purchased for resale34-€5k€2.91M€3.17M▲ 9.0%
Contracts in progress37€1.93M€2.45M€4.42M€12.26M▲ 178%
Amounts receivable within one year40/41€2.84M€20.70M€25.23M€44.49M▲ 76.4%
Trade receivables40€2.22M€14.43M€17.50M€28.25M▲ 61.4%
Other amounts receivable41€622k€6.27M€7.73M€16.24M▲ 110%
Current investments50/53-€6.20M-€24.10M-
Other investments51/53-€6.20M-€24.10M-
Cash at bank and in hand54/58€1.47M€7.90M€37.88M€1.28M▼ 96.6%
Deferred charges and accrued income490/1-€41k€701k€2.05M▲ 193%
Equity and liabilities
Total equity and liabilities10/49€66.79M€134.90M€160.94M€161.86M▲ 0.6%
Equity10/15€-11.35M€-46.14M€61.30M€21.99M▼ 64.1%
Contributions10/11€5.06M€5.06M€149.29M€25.31M▼ 83.0%
Capital10€5.06M€5.06M€149.29M€25.31M▼ 83.0%
Issued capital100€5.06M€5.06M€149.29M€25.31M▼ 83.0%
Profit (loss) carried forward14€-16.41M€-58.73M€-97.92M€-13.61M▲ 86.1%
Investment grants15-€7.53M€9.93M€10.29M▲ 3.7%
Provisions and deferred taxes16€148k€2.99M€2.93M€26.60M▲ 807%
Provisions for liabilities and charges160/5€148k€2.99M€2.93M€26.60M▲ 807%
Pensions and similar obligations160€148k€527k€959k€1.28M▲ 33.2%
Other liabilities and charges164/5-€2.47M€1.97M€25.32M▲ 1,182%
Amounts payable17/49€77.99M€178.04M€96.70M€113.27M▲ 17.1%
Amounts payable after more than one year17€31.50M€6.00M---
Financial debts170/4€25.50M----
Credit institutions173€25.50M----
Other amounts payable178/9€6.00M€6.00M---
Amounts payable within one year42/48€46.35M€171.37M€96.59M€113.18M▲ 17.2%
Current portion of amounts payable after more than one year42€15.00M€15.00M€6.00M€6.00M=
Financial debts43-€125.50M€337k€1.01M▲ 201%
Credit institutions430/8-€125.50M---
Other loans439--€337k€1.01M▲ 201%
Trade debts44€5.65M€10.23M€29.00M€17.08M▼ 41.1%
Suppliers440/4€5.65M€10.23M€29.00M€17.08M▼ 41.1%
Advances received on contracts in progress46€1.99M€4.18M€47.90M€75.75M▲ 58.2%
Taxes, remuneration and social security45€2.04M€4.31M€3.70M€3.63M▼ 1.9%
Taxes450/3€14k€65k€10k€2k▼ 83.0%
Remuneration and social security454/9€2.03M€4.24M€3.69M€3.63M▼ 1.7%
Other amounts payable47/48€21.66M€12.15M€9.66M€9.70M▲ 0.4%
Accrued charges and deferred income492/3€148k€676k€108k€96k▼ 11.3%
Line2022202320242025Change
Profit (loss) for the period9904€-16.41M€-42.32M€-97.92M€-99.68M▼ 1.8%
+ Depreciation and write-downs630€2.09M€2.50M€3.45M€9.10M▲ 164%
Operating cash flow (approximation)€-14.32M€-39.82M€-94.46M€-90.58M▲ 4.1%
Investment in fixed assets (approximation)-€-39.41M€4.46M€9.45M▲ 112%
Change in cash-€6.43M€29.98M€-36.60M▼ 222%

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
17-08
State Gazette act Resignations: Stéphane Putzeys, Raphaël Tilot and Bruno Bayet
Appointments: Nicolas de Coignac (director) and Jérémie Moules (director) · Power of attorney8 facts ▸
  • General meeting, 30-06-2026
  • Director resignation, Stéphane Putzeys (director)
  • Director resignation, Raphaël Tilot (director)
  • Director resignation, Bruno Bayet (director)
  • Director appointment, Nicolas de Coignac (director)
  • Director appointment, Nicolas de Coignac (managing director)
  • Director appointment, Jérémie Moules (director)
  • Power of attorney, J. Jordens SRL/ Solau Serge
29-07
State Gazette act Resignation: Bruno BAYET (director)
Appointment: Jérémie MOULES (director)3 facts ▸
  • Board meeting, 04/06/2026
  • Director resignation, Bruno BAYET (director)
  • Director appointment, Jérémie MOULES (director)
07-07
NBB filing Annual accounts filed
fiscal year 2025 · full schema
27-02
State Gazette act Reappointment: Deloitte Réviseurs d'entreprises SRL (statutory auditor)
2 facts ▸
  • General meeting
  • Auditor reappointment, Deloitte Réviseurs d'entreprises SRL
2025
31-12
Financial Weakest financial yearnet €-99.68M
Net result drops to €-99.68M, the lowest in the series.
30-12
State Gazette act Capital & shares · Statutes amendment
Capital increase · Capital decrease · Capital5 facts ▸
  • General meeting, 24-12-2025
  • Capital increase, €20.000.000
  • Capital decrease, €183.983.595,79
  • Capital, €25.305.404,21
  • Power of attorney, Laura STICCA
28-10
State Gazette act Capital & shares · Statutes amendment
Capital increase · Capital · Power of attorney5 facts ▸
  • General meeting, 24-10-2025
  • Capital increase, €40.000.000
  • Capital, €189.289.000
  • Statutes amendment
  • Power of attorney, Tout administrateur
23-09
State Gazette act Resignations: Stéphane PUTZEYS (director) and Raphaël TILOT (daily management delegate)
Appointment: Nicolas BENOIT de COIGNAC (director) · Mandate compensation6 facts ▸
  • Board meeting, 15-07-2025
  • Director resignation, Stéphane PUTZEYS (director)
  • Director resignation, Raphaël TILOT (daily management delegate)
  • Director appointment, Nicolas BENOIT de COIGNAC (director)
  • Director appointment, Nicolas BENOIT de COIGNAC (managing director)
  • Mandate compensation, Nicolas BENOIT de COIGNAC
18-07
NBB filing Annual accounts filed
fiscal year 2024 · full schema
06-06
State Gazette act Miscellaneous
Power of attorney2 facts ▸
  • Board meeting, 27-03-2025
  • Power of attorney, Madeleine Wéry
2024
31-12
Financial Equity above €50MEq €61.30M
Equity rises from €-46.14M to €61.30M.
24-12
State Gazette act Capital & shares · Statutes amendment · Miscellaneous
Capital increase · Capital decrease · Capital7 facts ▸
  • General meeting, 20-12-2024
  • Capital increase, €202.959.000
  • Capital decrease, €58.732.000
  • Capital, €149.289.000
  • Power of attorney, Laura STICCA
  • Negative equity, 30-11-2024
  • Apport condition, hors intérêts
Show earlier events
24-10
State Gazette act Resignation: Yves Honhon (director)
Appointment: Bruno Bayet (director) · Mandate compensation4 facts ▸
  • Board meeting, 23-05-2024
  • Director resignation, Yves Honhon (director)
  • Director appointment, Bruno Bayet (director)
  • Mandate compensation, Bruno Bayet
24-10
State Gazette act Resignation: Yves Honhon (director)
Appointment: Stéphane Putzeys (director) · Reappointment: Bruno Bayet (director) · Mandate compensation6 facts ▸
  • General meeting, 17-07-2024
  • Director resignation, Yves Honhon (director)
  • Director appointment, Stéphane Putzeys (director)
  • Mandate compensation, Stéphane Putzeys
  • Director reappointment, Bruno Bayet (director)
  • Mandate compensation, Bruno Bayet
07-08
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 7 days late
2023
17-05
NBB filing Annual accounts filed
fiscal year 2022 · full schema
16-05
State Gazette act Reappointments: Raphael TILOT, Yves HONHON and Deloitte Réviseurs d'entreprises SCRL
4 facts ▸
  • General meeting, 26-04-2023
  • Director reappointment, Raphael TILOT (director)
  • Director reappointment, Yves HONHON (director)
  • Auditor reappointment, Deloitte Réviseurs d'entreprises SCRL (statutory auditor)
2022
12-07
State Gazette act Resignation: Jean-Luc Maurange (director)
Notification3 facts ▸
  • General meeting, 14-06-2022
  • Director resignation, Jean-Luc Maurange (director)
  • Notification, 30-05-2022
01-07
State Gazette act Capital & shares · Statutes amendment
Capital increase · Share issue · Capital6 facts ▸
  • General meeting, 29-06-2022
  • Capital increase, €5.000.000
  • Share issue, actions nominatives sans désignation de valeur nominale, 5000
  • Capital, €5.062.000
  • Statutes amendment
  • Power of attorney, Laura STICCA
06-01
State Gazette act Miscellaneous
Merger · Capital increase · Share issue7 facts ▸
  • General meeting, 31-12-2021
  • Merger, Branche d'Activités Hydrogen
  • Capital increase
  • Share issue, Le nombre définitif sera calculé sur base de la valeur nette comptable définitive., nominatives sans désignation de valeur nominale
  • Accounting effect, 01-01-2022
  • Power of attorney, Laura STICCA
  • Power of attorney, John Cockerill Hydrogen Belgium
2021
29-11
State Gazette act Miscellaneous
Merger · Power of attorney3 facts ▸
  • Board meeting, 08-11-2021
  • Merger, Apport par JOHN COCKERILL SA de sa branche d'activités "HYDROGEN" à JOHN COCKERILL HYDROGEN BELGIUM SA
  • Power of attorney, Patrick BRAUNS
26-08
State Gazette act Incorporation
Appointments: Jean-Luc MAURANGE, Raphaël TILOT and 2 others · Founding capital · Share issue13 facts ▸
  • Incorporation, 24-08-2021
  • Founding capital, €62.000
  • Share issue, 62, CMI
  • Director appointment, Jean-Luc MAURANGE (director)
  • Director appointment, Raphaël TILOT (director)
  • Director appointment, Yves HONHON (director)
  • Mandate compensation, Jean-Luc MAURANGE
  • Mandate compensation, Raphaël TILOT
  • Mandate compensation, Yves HONHON
  • Director appointment, Jean-Luc MAURANGE (chair)
  • Director appointment, Yves HONHON (vice-chair)
  • Director appointment, Raphaël TILOT (managing director)
  • +1 further facts in this act
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
16 of 17 acts read
About the unread acts

Of the 17 Belgian State Gazette acts we know for this company, 16 have been read. The other one has not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
3 directors, last change in 2026
Nicolas de Coignac
Director · since 30-06-2026
Current
Jérémie MOULES
Director · since 04-06-2026
Current
Nicolas BENOIT de COIGNAC
Director · since 15-07-2025
Current
30-06-2026 Nicolas de Coignac: Appointed as Director
30-06-2026 Nicolas de Coignac: Appointed as Managing director
30-06-2026 Jérémie MOULES: Appointed as Director
04-06-2026 Jérémie MOULES: Appointed as Director
22-05-2026 Bruno Bayet: Resigned as Director
Full history in the Timeline (24 changes) →
Not every act has been read: a resignation may be missing here
1 of this company's 17 Belgian State Gazette acts has 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, Seraing · 2 establishment units since 2021
establishment 1 of 2 establishment units on the map
Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Rue Jean Potier 14100 Seraing
Ground area
9,823 m²
Building footprint
3,447 m²
Volume, LiDAR
41,014 m³
Parcel 12036B0301/00K000, Flanders · tallest building 13.1 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
John Cockerill Hydrogen Belgium
Rue Jean Potier 1, 4100 SeraingScientific research and development
since 20212.321.551.280
John Cockerill Hydrogen Belgium
Schoondonkweg 11, 2830 WillebroekScientific research and development
since 20222.338.711.372
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
12036B0301/00K000 Flanders 9,823 m² 1 · 3,447 m² 13.1 m · 4 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.

Statutory auditor

1 auditor
SRL DELOITTE Réviseurs d'EntreprisesCurrent
Auditor
24-08-2021 → present

Articles of association

Purpose
La recherche, l'ingénierie, la fabrication, la construction, l'achat, la vente, l'installation, l'entretien et la réparation, en Belgique et à l'étranger, soit directement par…
Full purpose

La recherche, l'ingénierie, la fabrication, la construction, l'achat, la vente, l'installation, l'entretien et la réparation, en Belgique et à l'étranger, soit directement par elle-même, soit indirectement par l'intermédiaire de tiers ou en association : de tous produits et ensembles de construction mécanique et électromécanique, de chaudronnerie, de fabrication métallique en général et de tous produits en lien avec une activité liée à l'énergie (notamment l'hydrogène) ; d'objets, d'appareils et de systèmes mécaniques, électriques ou nucléaires, généralement quelconques et notamment de production, récupération et utilisation de l'énergie et de tous accessoires ; d'installations pour traitement des immondices, épuration d'eau et recyclage des produits industriels; l'achat, la vente de toutes matières, produits et engins se rapportant à ces diverses activités ainsi que la préparation et la transformation des matières premières nécessaires à son industrie et plus généralement toutes opérations commerciales, industrielles, mobilières, immobilières et financières se rattachant en tout ou en partie, directement ou indirectement, à ces objets.

Structure & network

Connections & network

6 connected companies
Linked via shared directors
→
COMETSAMBRE
Shared director
→
GALLER HOLDING
Shared director
→
JOHN COCKERILL
Shared director
→
Show 2 more companies with a shared director
JOHN COCKERILL DEFENSE
Shared director
→
→

Acquisitions and mergers

1 transaction
Received a branch of activity from:John Cockerill
State Gazette act of 06-01-2022 (2 acts) · effective 01-01-2022

Capital and shareholders

Capital over the years
  1. 30-12-2025 Capital increase of 20,000,000 EUR · to 209,289,000 EUR · no new shares · in cash
  2. 30-12-2025 Capital reduction of 183,983,595.79 EUR · to 25,305,404.21 EUR · to absorb losses
  3. 28-10-2025 Capital increase of 40,000,000 EUR · to 189,289,000 EUR · no new shares · in cash
  4. 24-12-2024 Capital increase of 202,959,000 EUR · to 208,021,000 EUR · 202,959 new shares · in kind
  5. 24-12-2024 Capital reduction of 58,732,000 EUR · to 149,289,000 EUR · to absorb losses
  6. 01-07-2022 Capital increase of 5,000,000 EUR · to 5,062,000 EUR · 5,000 new shares
  7. 26-08-2021 Incorporation · 62,000 EUR · 62 shares

Public money · subsidies and aid

Federal government

2024 · 1 entry · 824,100 EUR in total
Year Department Transactions Amount
2024 FOD Beleid & Ondersteuning 1 824,100 EUR
Budget allocations
Exploitatietoelagen aan private ondernemingen in kader verbetering milieu
1 entry · 824,100 EUR

European research

1 project · 30,000 EUR EU contribution
Programmes
Horizon Europe
1 entry · 30,000 EUR
Projects
New manufacturing approaches for Hydrogen Electrolysers to provide Reliable AEM technology based solutions while achieving Quality, Circularity, Low LCOH, high Efficiency and Scalability
Horizon Europe · participant · 01-06-2023 to 31-05-2027 · 30,000 EUR · HERAQCLES

Similar companies · same sector, comparable size

Of 814 companies in sector 35110 we hold annual accounts for 630. 180 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
Founded24-08-2021
Fiscal year end31-12
Activities, NACEBEL 2025
35110Production of electricity from non-renewable sources
46645Wholesale trade
71121Engineering and related technical consultancy, excluding land surveyors

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