Sector · NACE 24

Manufacture of basic metals

424 Belgian companies whose main activity falls under NACE code 24 have filed annual accounts. Their median solvency is 42.5% for financial year 2024.

Companies424
Median solvency42.5%
Median equity457,525 €
Median headcount (FTE)11.8
Founded in the last 3 years18

Sector medians

Computed by Idonis

Distribution across the sector's companies for financial year 2024: a quarter of companies sit below the 1st quartile, half below the median, three quarters below the 3rd quartile.

Indicator1st quartileMedian3rd quartileCompanies
Solvency 21.9%42.5%68.2% 384
Current ratio 1.051.622.94 377
ROE -0.6%8.2%21.7% 346
Equity 64,575 €457,525 €€3.58m 386
Total assets 289,354 €€1.24m€8.32m 386
Net result −7,323 €20,878 €217,853 € 385
Headcount (avg FTE) 3.811.853.3 255

Medians computed by Idonis from annual accounts filed with the National Bank, all sizes combined. The same panel is the sector benchmark on every company page. Method

Largest companies: Manufacture of basic metals

Ranked by total assets in the latest filed accounts. This is a size criterion, not an assessment.

#Company Total assetsRevenue EquityFTEYear
1 Société belge des Combustibles nucléaires Synatom 1000 Brussels €8.98bn €299.8m €15.6m 22.1 2025
2 Arcelormittal Belgium 1000 Brussels €4.55bn €4.89bn €1.66bn 5,838.8 2025
3 Aperam Stainless Belgium 3600 Genk €2.13bn €2.78bn €527.3m 2,081.9 2025
4 Umicore Battery Materials 1000 Brussels €1.82bn — €1.50bn — 2025
5 Aurubis Olen 2250 Olen €1.31bn €4.19bn €976.0m 704.0 2025
6 Victaulic International BV 9810 Nazareth-De Pinte €831.0m €7.83m €827.7m 0.2 2025
7 Finocas 9060 Zelzate €578.5m €6.88m €576.6m 22.3 2025
8 Nlmk LA Louviere 7100 La Louvière €451.6m €238.3m €51.0m 601.7 2025
9 Aluminium Duffel 2570 Duffel €403.4m €623.5m €147.8m 892.9 2025
10 Aurubis Beerse 2340 Beerse €397.0m €1.62bn €203.6m 485.4 2025
11 INDUSTEEL Belgium 6030 Charleroi €364.7m €524.6m €81.7m 920.1 2025
12 Aliplast Aluminium Extrusion 9160 Lokeren €346.1m €64.9m €306.1m 96.8 2025
13 Magotteaux International 4051 Chaudfontaine €337.1m €51.5m €131.8m 68.6 2025
14 Nyrstar Belgium 2490 Balen €336.0m €214.5m €228.6m 645.5 2025
15 Institut National DES Radioelements 6220 Fleurus €312.0m €73.6m €230.5m 223.0 2025
16 Hoganas Belgium 7800 Ath €267.5m €112.3m €228.9m 177.5 2025
17 Harsco Belgium 6200 Châtelet €187.3m €20.0m €183.7m 138.3 2025
18 Nlmk Clabecq 1460 Ittre €182.2m €128.0m €30.7m 407.7 2025
19 Campine 2340 Beerse €158.2m €585.6m €58.8m 127.8 2025
20 Arceo 4000 Liège €144.1m 0 € €139.1m — 2025

“—”: not published. Small companies (micro and abridged accounts) do not have to publish their revenue.

Sub-sectors

Frequently asked questions

How many Manufacture of basic metals companies are there in Belgium?

424 Belgian companies whose main activity falls under NACE code 24 (Manufacture of basic metals) have filed annual accounts with the National Bank.

What is the median solvency in Manufacture of basic metals?

For financial year 2024, median solvency (equity over total assets) is 42.5%. The middle half of companies lies between 21.9% and 68.2% (384 companies).

What is the largest company in Manufacture of basic metals?

By total assets, it is Société belge des Combustibles nucléaires Synatom (€8.98bn, financial year 2025).

Where are Manufacture of basic metals companies based?

The municipalities with the most: Genk (8), Wevelgem (8), Liège (7).

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Active companies (legal entities) that have filed at least one set of annual accounts, based on the Crossroads Bank for Enterprises and the National Bank of Belgium. The sector is the main activity in the register; the municipality is that of the registered office. Data updated on 10 Nov 2026.