Equity
BE Metals has made a profit without a break since 2013.
BE Metals has made a profit without a break since 2013.
The result rose in 2025: different schema filed.
€629,172 of the debts are secured on the company's own assets. In 2022 that was €191,289.
Green is investment, beige is depreciation.
Eight of the last ten came late. The 2019 accounts came latest: 42 days after the end of the period.
Higher net result than 90% of companies in wholesale trade. Sector median €26,717 · 9,877 companies.
The dashed line is the sector median: 0.2% across 4,374 companies (NACE 46, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, small). It does better than 18% of them on solvency, 39% on liquidity, 70% on profitability and 91% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 290 companies had the same profile as BE Metals has now. Each dot is one company, two years later.
That fits the bankruptcy probability of BE Metals itself: < 0.1% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 290 companies, not a prediction for BE Metals. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is tight, with a current ratio of 1.08 (1.91 in 2024), below the usual 1.5. Short-term debt is 76% and cash 22% of total assets. 84.1% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 25 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| BE Metals Gembloux | €8.1m | €0.7m | 15.9% | - |
| ECO-TRA SERVICES Ghent | €5.6m | €0.4m | 33.8% | - |
| Metaalhandel België Dessel | €3.3m | €0.4m | 83.8% | 0.6 |
| VEHICLE & METAL RECYCLING Châtelet | €2.8m | €0.5m | 63.4% | 6 |
| NILI METAL Sambreville | €2.9m | €1.0m | 58.6% | 6.5 |
| 'VAN THUYNE RECYCLING' Kruisem | €2.4m | €0.4m | 61.3% | 0 |
| PIESSENS MATERIEEL Willebroek | €18.0m | €1.8m | 86.8% | - |
These companies have the same main activity as BE Metals: wholesale trade (NACE 46872). They are comparable in size and age: total assets between €2.4m and €18m, founded between 2004 and 2012.
BE Metals files the abbreviated format. That format states no turnover. The gross margin rose from €56,475 in 2007 to €670,492 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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