C-ROY
ActiveSummary
C-ROY has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €285,235 and a net result of €8,748. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 46% of 763 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability70▼-1
Solvency64▲+3
Growth32=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days only on tighter terms
Liquidity ample (current ratio 1.74 against 1.58 in 2023; short-term debt: 29.1% and cash: 18.9% of total assets), but 60.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-12-2025, 153 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
153 d late
2023
23 d late
2022
24 d late
2021
21 d late
2020
25 d late
2019
26 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 45 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€8,748▼ 36.5%
2023 · €13,776
Working capital
€157,114▲ 13.0%
2023 · €139,057
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€36,627€21,428▼ 41.5%€15,316▼ 28.5%€22,836▲ 49.1%€17,291▼ 24.3%
Net result€15,119within the sector's middle half€8,265within the sector's middle half▼ 45.3%-€1,548below the sector's middle half€13,776within the sector's middle half€8,748within the sector's middle half▼ 36.5%
Equity€275,717within the sector's middle half▲ 3.8%€279,051below the sector's middle half▲ 1.2%€272,572below the sector's middle half▼ 2.3%€281,418above the sector's middle half▲ 3.2%€285,235below the sector's middle half▲ 1.4%
Total assets€818,348within the sector's middle half▼ 15.8%€768,591below the sector's middle half▼ 6.1%€652,301below the sector's middle half▼ 15.1%€771,345above the sector's middle half▲ 18.2%€727,957below the sector's middle half▼ 5.6%
Debt€542,632▼ 23.2%€489,541▼ 9.8%€379,728▼ 22.4%€489,928▲ 29.0%€442,723▼ 9.6%
Working capital€46,950below the sector's middle half▲ 90.0%€78,807below the sector's middle half▲ 67.9%€105,519within the sector's middle half▲ 33.9%€139,057above the sector's middle half▲ 31.8%€157,114within the sector's middle half▲ 13.0%
Solvency33.7%within the sector's middle half▲ 6.4pp36.3%within the sector's middle half▲ 2.6pp41.8%within the sector's middle half▲ 5.5pp36.5%within the sector's middle half▼ 5.3pp39.2%within the sector's middle half▲ 2.7pp
Current ratio1.27within the sector's middle half▲ 0.181.44within the sector's middle half▲ 0.171.97within the sector's middle half▲ 0.531.58within the sector's middle half▼ 0.391.74within the sector's middle half▲ 0.16
Return on assets (ROA)1.8%within the sector's middle half▲ 6.4pp1.1%within the sector's middle half▼ 0.8pp-0.2%below the sector's middle half▼ 1.3pp1.8%within the sector's middle half▲ 2.0pp1.2%within the sector's middle half▼ 0.6pp
Staff (FTE)5.6below the sector's middle half▼ 3.4%7below the sector's middle half▲ 25.0%7within the sector's middle half=8.5▲ 21.4%0below the sector's middle half▼ 100%
above
within
below
the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2024 Staff (FTE) -100% on 2023. The accounts now follow the full schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 24% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €727,957
Fixed assets
€358,689 ▼ 8.6%
Current assets
€369,268 ▼ 2.5%
Equity and liabilities €727,957
Equity
€285,235 ▲ 1.4%
Debt
€442,723 ▼ 9.6%
Debt's share of the balance-sheet total falls from 63.5% to 60.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€52,237▼
2023 · €84,052
Cash flow
€43,693▼
2023 · €74,992
Quick ratio
1.33▲
2023 · 1.21
Debt to equity
1.55▼
2023 · 1.74
ROE
3.1%▼
2023 · 4.9%
Interest coverage
7.89▼
2023 · 8.65
Debt ≤ 1 year
€212,154▼
2023 · €239,706
Debt > 1 year
€230,568▼
2023 · €250,222
Income taxes
€6,854▲
2023 · €5,535
Staff costs
€424,844▲
2023 · €389,930
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,045 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.3%
went bankrupt
3.6%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,045 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €14,876 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | €220,562 | €303,970 | €389,930 | €424,844 | ▲ 9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €87,311 | €85,733 | €77,199 | €61,216 | €34,946 | ▼ 42.9% |
| Other operating charges640/8 | - | €3,346 | €18,749 | €23,689 | €15,696 | ▼ 33.7% |
| Non-recurring operating charges66A | - | - | - | €4,997 | €0 | ▼ 100% |
| Gross operating margin9900 | €298,727 | €331,068 | €415,234 | €502,668 | €492,777 | ▼ 2.0% |
| Operating profit (loss)9901 | €36,627 | €21,428 | €15,316 | €22,836 | €17,291 | ▼ 24.3% |
| Financial income75/76B | - | €5,368 | €7,127 | €6,186 | €4,934 | ▼ 20.2% |
| Recurring financial income75 | €9,980 | €5,368 | €7,127 | €6,186 | €4,934 | ▼ 20.2% |
| Financial charges65/66B | - | €16,889 | €18,595 | €9,712 | €6,623 | ▼ 31.8% |
| Recurring financial charges65 | €26,847 | €16,889 | €18,595 | €9,712 | €6,623 | ▼ 31.8% |
| Profit (loss) for the period before taxes9903 | €19,759 | €9,907 | €3,847 | €19,310 | €15,601 | ▼ 19.2% |
| Income taxes67/77 | €4,640 | €1,642 | €5,395 | €5,535 | €6,854 | ▲ 23.8% |
| Profit (loss) for the period9904 | €15,119 | €8,265 | -€1,548 | €13,776 | €8,748 | ▼ 36.5% |
| Profit (loss) for the period to be appropriated9905 | €26,380 | €8,265 | -€1,548 | €13,776 | €8,748 | ▼ 36.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €818,348 | €768,591 | €652,301 | €771,345 | €727,957 | ▼ 5.6% |
| Fixed assets21/28 | €596,382 | €511,896 | €437,812 | €392,582 | €358,689 | ▼ 8.6% |
| Tangible fixed assets22/27 | €596,082 | €511,596 | €437,512 | €392,282 | €358,389 | ▼ 8.6% |
| Land and buildings22 | - | €434,910 | €404,204 | €373,498 | €345,294 | ▼ 7.6% |
| Plant, machinery and equipment23 | - | €13,729 | €8,182 | €17,221 | €11,221 | ▼ 34.8% |
| Furniture and vehicles24 | - | €16,752 | €2,024 | €1,563 | €1,874 | ▲ 19.9% |
| Leasing and similar rights25 | - | €46,205 | €23,103 | - | - | - |
| Financial fixed assets28 | €300 | €300 | €300 | €300 | €300 | = |
| Current assets29/58 | €221,967 | €256,695 | €214,489 | €378,764 | €369,268 | ▼ 2.5% |
| Stocks and contracts in progress3 | €67,621 | €126,631 | €5,153 | €87,916 | €86,846 | ▼ 1.2% |
| Stocks30/36 | - | €49,263 | €5,153 | €6,695 | €0 | ▼ 100% |
| Contracts in progress37 | - | €77,368 | - | €81,221 | €86,846 | ▲ 6.9% |
| Amounts receivable within one year40/41 | €52,810 | €43,501 | €101,647 | €134,065 | €143,645 | ▲ 7.1% |
| Trade receivables40 | - | €38,424 | €61,597 | €89,877 | €123,488 | ▲ 37.4% |
| Other amounts receivable41 | - | €5,077 | €40,051 | €44,188 | €20,157 | ▼ 54.4% |
| Cash at bank and in hand54/58 | €61,895 | €84,088 | €107,689 | €156,783 | €137,429 | ▼ 12.3% |
| Deferred charges and accrued income490/1 | - | €2,475 | - | - | €1,348 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €818,348 | €768,591 | €652,301 | €771,345 | €727,957 | ▼ 5.6% |
| Equity10/15 | €275,717 | €279,051 | €272,572 | €281,418 | €285,235 | ▲ 1.4% |
| Contributions10/11 | - | €6,210 | €6,210 | €6,210 | €6,210 | = |
| Reserves13 | €169,209 | €177,474 | €177,474 | €191,249 | €199,997 | ▲ 4.6% |
| Non-distributable reserves130/1 | - | €1,863 | €1,863 | €1,863 | €1,863 | = |
| Other1319 | - | €1,863 | €1,863 | €1,863 | €1,863 | = |
| Tax-exempt reserves132 | - | €35,671 | €35,671 | €35,671 | €35,671 | = |
| Distributable reserves133 | - | €139,940 | €139,940 | €153,715 | €162,463 | ▲ 5.7% |
| Profit (loss) carried forward14 | €31,269 | €31,269 | €29,722 | €29,722 | €29,722 | = |
| Investment grants15 | - | €64,098 | €59,167 | €54,236 | €49,306 | ▼ 9.1% |
| Amounts payable17/49 | €542,632 | €489,541 | €379,728 | €489,928 | €442,723 | ▼ 9.6% |
| Amounts payable after more than one year17 | €367,614 | €311,652 | €270,758 | €250,222 | €230,568 | ▼ 7.9% |
| Financial debts170/4 | - | €311,652 | €270,758 | €250,222 | €230,568 | ▼ 7.9% |
| Amounts payable within one year42/48 | €175,017 | €177,889 | €108,970 | €239,706 | €212,154 | ▼ 11.5% |
| Current portion of amounts payable after more than one year42 | - | €55,968 | €32,177 | €19,195 | €19,653 | ▲ 2.4% |
| Trade debts44 | €68,954 | €53,581 | €41,206 | €169,564 | €109,827 | ▼ 35.2% |
| Suppliers440/4 | - | €53,581 | €41,206 | €169,564 | €109,827 | ▼ 35.2% |
| Taxes, remuneration and social security45 | - | €68,335 | €35,414 | €50,935 | €77,325 | ▲ 51.8% |
| Taxes450/3 | - | €15,881 | €7,345 | €12,515 | €18,504 | ▲ 47.9% |
| Remuneration and social security454/9 | - | €52,454 | €28,069 | €38,419 | €58,820 | ▲ 53.1% |
| Other amounts payable47/48 | - | €4 | €173 | €12 | €5,349 | ▲ 44,624% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,119 | €8,265 | -€1,548 | €13,776 | €8,748 | ▼ 36.5% |
| + Depreciation and write-downs630 | €87,311 | €85,733 | €77,199 | €61,216 | €34,946 | ▼ 42.9% |
| Operating cash flow (approximation) | €102,431 | €93,997 | €75,651 | €74,992 | €43,693 | ▼ 41.7% |
| Investment in fixed assets (approximation) | - | -€1,247 | -€3,115 | -€15,986 | -€1,053 | ▲ 93.4% |
| Change in cash | - | €22,194 | €23,600 | €49,094 | -€19,353 | ▼ 139% |
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
2025
31-12
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 153 days late
2024
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
31-12
Financial
Back to profitnet €13,776
Net result €13,776 after one loss-making year.
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 24 days late
2022
21-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 21 days late
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 25 days late
2020
31-12
Financial
Back to profitnet €15,119
Net result €15,119 after one loss-making year.
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 26 days late
2019
31-12
Financial
Weakest financial yearnet -€44,468
Net result drops to -€44,468, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 61 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 28 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 28 days late
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Flémalle · 1 establishment unit since 2011
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 de la Digue 64400 Flémalle1 establishment unit
C-ROY
since 20112.203.304.718
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Of 3,984 companies in sector 25110 we hold annual accounts for 2,146. 1,653 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-10-2011
Fiscal year end31-12
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
25530Machining of metals
E-invoicing
Reachable via Peppol
Peppol ID
0208:0840107003
Also
9925:BE0840107003
Registered
31-08-2023
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.