BGS
ActiveBGS has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €38k and a net result of €-8k. Equity is shrinking by ~21.8% per year across the filed fiscal years. Its solvency ranks better than 60% of 13905 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-51
Solvency63▲+10
Growth32=
Stability100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days only on tighter terms
Liquidity short (current ratio 0.88 against 0.76 in 2024), and 56.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
43.5%
Return on assets
-9%
Age of the figures
8 mo
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 23-07-2026, 8 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
8 d early
2024
29 d late
2023
29 d early
2017
52 d early
← before the deadline
after the deadline →
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 monthsPosition in the running window
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€38k▼ 17.1%
2024 · €46k
2023: €58k
2024: €46k
2023 → 2025
Total assets
€88k▼ 28.2%
2024 · €122k
2023: €115k
2024: €122k
2023 → 2025
Net result
€-8k
2024 · €5k
2023: €33k
2024: €5k
2023 → 2025
Working capital
€-6k▲ 67.1%
2024 · €-19k
2023: €12k
2024: €-19k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€58k-€46k▼ 20.9%€38k▼ 17.1%
Operating result€54k-€14k▼ 73.6%€1k▼ 92.1%
Net result€33k-€5k▼ 85.7%€-8k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 92% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €88k
Fixed assets
€44k▼ 31.5%
Current assets
€44k▼ 24.5%
Equity and liabilities €88k
Equity
€38k▼ 17.1%
Debt
€50k▼ 34.9%
The debt ratio falls from 62.4% to 56.5%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€21k▼
2024 · €36k
Cash flow
€12k▼
2024 · €26k
Solvency
43.5%▲
2024 · 37.6%
Current ratio
0.88▲
2024 · 0.76
Quick ratio
0.88▲
2024 · 0.76
Debt / equity
1.30▼
2024 · 1.66
ROE
-20.7%▼
2024 · 10.2%
ROA
-9.0%▼
2024 · 3.8%
Interest coverage
2.30▼
2024 · 4.93
Debt
€50k▼
2024 · €76k
Debt ≤ 1 year
€50k▼
2024 · €76k
Income taxes
€329▼
2024 · €4k
Staff costs
€17k▲
2024 · €13k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€122k€88k▼
Fixed assets21/28€65k€44k▼
Tangible fixed assets22/27€62k€41k▼
Plant, machinery and equipment23€6k€3k▼
Furniture and vehicles24€13k€7k▼
Leasing and similar rights25€44k€32k▼
Financial fixed assets28€3k€3k=
Current assets29/58€58k€44k▼
Amounts receivable after more than one year29€35k€26k▼
Other amounts receivable291€35k€26k▼
Amounts receivable within one year40/41€17k€16k▼
Trade receivables40€12k€11k▼
Other amounts receivable41€5k€5k=
Cash at bank and in hand54/58€2k€133▼
Deferred charges and accrued income490/1€4k€2k▼
Equity and liabilities
Total equity and liabilities10/49€122k€88k▼
Equity10/15€46k€38k▼
Contributions10/11€1k€1k=
Reserves13€45k€45k=
Distributable reserves133€45k€45k=
Profit (loss) carried forward14€0€-8k▼
Amounts payable17/49€76k€50k▼
Amounts payable within one year42/48€76k€50k▼
Current portion of amounts payable after more than one year42€22k€10k▼
Financial debts43€15k€15k▼
Credit institutions430/8€15k€15k▼
Trade debts44€10k€4k▼
Suppliers440/4€10k€4k▼
Taxes, remuneration and social security45€12k€11k▼
Taxes450/3€10k€9k▼
Remuneration and social security454/9€2k€3k▲
Other amounts payable47/48€18k€10k▼
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Remuneration, social security and pensions62€13k€17k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€20k▼
Other operating charges640/8€735€745▲
Gross operating margin9900€49k€39k▼
Operating profit (loss)9901€14k€1k▼
Financial income75/76B€2k€640▼
Recurring financial income75€2k€640▼
Financial charges65/66B€7k€9k▲
Recurring financial charges65€7k€9k▲
Profit (loss) for the period before taxes9903€9k€-8k▼
Income taxes67/77€4k€329▼
Profit (loss) for the period9904€5k€-8k▼
Profit (loss) for the period to be appropriated9905€5k€-8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€5k€-8k▼
Profit (loss) brought forward from the previous period14P€0-
Transfer from equity791/2€17k€17k=
Transfer to equity691/2€5k€0▼
To other reserves6921€5k€0▼
Profit to be distributed694/7€17k€17k=
Return on contributions (dividend)694€17k€17k=
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-8k ▼268%
Net result drops to €-8k, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2018
09-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sint-Gillis-Waas · 1 establishment unit since 2015
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.
Pottershof(SP) 79170 Sint-Gillis-WaasGround area
266 m²
Building footprint
92 m²
Volume, LiDAR
43 m³
Parcel 46022B1350/00F000, Flanders · tallest building 3.2 m. Linked by address, not a title deed.
1 establishment unit
BGS
since 20152.243.512.010
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46022B1350/00F000 | Flanders | 266 m² | 1 · 92 m² | 3.2 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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FIJNMECHANIEK CARDINAELS
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METABIL Metaaltechniek
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Of 3,448 companies in sector 25530 we hold annual accounts for 1,645. 957 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-06-2015
Fiscal year end31-12
Activities, NACEBEL
25530Machining of metals
68202Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.