John Cockerill Hydrogen Belgium
ActiveSummary
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).
Checked score
Credit check for your own amount and term
Signals
Checked, nothing found (2)
Financials · fiscal year 2025, full schema
Filed annual accounts As filed with the NBB · 2025 against 2024 · 90 lines
The notes to these accounts (75 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| 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% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| 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% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| 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.
Timeline · acts, filings and financial milestones
17-08
State Gazette act
Resignations: Stéphane Putzeys, Raphaël Tilot and Bruno BayetAppointments: 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)
27-02
State Gazette act
Reappointment: Deloitte Réviseurs d'entreprises SRL (statutory auditor)2 facts ▸
- General meeting
- Auditor reappointment, Deloitte Réviseurs d'entreprises SRL
30-12
State Gazette act
Capital & shares · Statutes amendmentCapital 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 amendmentCapital 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
06-06
State Gazette act
MiscellaneousPower of attorney2 facts ▸
- Board meeting, 27-03-2025
- Power of attorney, Madeleine Wéry
24-12
State Gazette act
Capital & shares · Statutes amendment · MiscellaneousCapital 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
16-05
State Gazette act
Reappointments: Raphael TILOT, Yves HONHON and Deloitte Réviseurs d'entreprises SCRL4 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)
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 amendmentCapital 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
MiscellaneousMerger · 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
29-11
State Gazette act
MiscellaneousMerger · 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
IncorporationAppointments: 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
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.
Directors · office · real estate
Not every act has been read: a resignation may be missing here
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 Seraing2 establishment units
1 parcel
| 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
Statutory auditor
1 auditor| SRL DELOITTE Réviseurs d'EntreprisesCurrent Auditor | 24-08-2021 → present |
Articles of association
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 companiesShow 2 more companies with a shared director
Acquisitions and mergers
1 transactionCapital and shareholders
- 30-12-2025 Capital increase of 20,000,000 EUR · to 209,289,000 EUR · no new shares · in cash
- 30-12-2025 Capital reduction of 183,983,595.79 EUR · to 25,305,404.21 EUR · to absorb losses
- 28-10-2025 Capital increase of 40,000,000 EUR · to 189,289,000 EUR · no new shares · in cash
- 24-12-2024 Capital increase of 202,959,000 EUR · to 208,021,000 EUR · 202,959 new shares · in kind
- 24-12-2024 Capital reduction of 58,732,000 EUR · to 149,289,000 EUR · to absorb losses
- 01-07-2022 Capital increase of 5,000,000 EUR · to 5,062,000 EUR · 5,000 new shares
- 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 |
European research
1 project · 30,000 EUR EU contributionSimilar companies · same sector, comparable size
Identification & contact
Scores and ratios are computed by Checked and are not a credit decision.