EUPEN METAL
ActiveSummary
EUPEN METAL has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of €45,607. Equity is growing by ~46.2% per year across the filed fiscal years. Its solvency ranks better than 33% of 124 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability52▼-2
Solvency56▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65,000 at 30 days acceptable
Liquidity tight (current ratio 1.25 against 1.06 in 2024; short-term debt: 18.2% and cash: 1.6% of total assets), and 69% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 24
Relative position
BE, all sectors
reference
Manufacture of basic metals (NACE 24)
about 47% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
31%
Return on assets
1.3%
Age of the figures
9 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 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
30 d early
2023
35 d early
2022
32 d early
2021
30 d early
2020
25 d late
2019
23 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 20 days before the deadline; the sector median for financial year 2024 is 16 days before the deadline, and 29% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 1 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Financials · fiscal year 2025, full schema
In the rankings
#4 company by staff growth in Raeren#8 company by total assets in Raeren, Manufacturing sector#8 company by equity in Raeren, Manufacturing sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€45,607▼ 43.9%
2024 · €81,256
Working capital
€153,970▲ 225%
2024 · €47,410
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 24, Manufacture of basic metals, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€108,338▲ 147%€196,940▲ 81.8%€386,604▲ 96.3%€202,474▼ 47.6%€117,321▼ 42.1%
Net result€86,633within the sector's middle half▲ 287%€177,437within the sector's middle half▲ 105%€339,377within the sector's middle half▲ 91.3%€81,256within the sector's middle half▼ 76.1%€45,607within the sector's middle half▼ 43.9%
Equity€311,895below the sector's middle half€489,332below the sector's middle half▲ 56.9%€794,809within the sector's middle half▲ 62.4%€876,065within the sector's middle half▲ 10.2%€1.1mwithin the sector's middle half▲ 21.5%
Total assets€797,639below the sector's middle half▲ 103%€937,274below the sector's middle half▲ 17.5%€3.5mwithin the sector's middle half▲ 270%€3.5mwithin the sector's middle half▲ 0.6%€3.4mwithin the sector's middle half▼ 1.7%
Debt€485,744▲ 16.1%€447,942▼ 7.8%€2.7m▲ 498%€2.6m▼ 2.3%€2.4m▼ 9.5%
Working capital€241,178within the sector's middle half▲ 34.4%€181,487within the sector's middle half▼ 24.7%€219,809within the sector's middle half▲ 21.1%€47,410below the sector's middle half▼ 78.4%€153,970within the sector's middle half▲ 225%
Solvency39.1%within the sector's middle half▲ 45.4pp52.2%within the sector's middle half▲ 13.1pp22.9%below the sector's middle half▼ 29.3pp25.1%within the sector's middle half▲ 2.2pp31.0%within the sector's middle half▲ 5.9pp
Current ratio1.70within the sector's middle half▼ 0.661.56within the sector's middle half▼ 0.141.25within the sector's middle half▼ 0.311.06below the sector's middle half▼ 0.191.25within the sector's middle half▲ 0.18
Return on assets (ROA)10.9%above the sector's middle half▲ 5.2pp18.9%above the sector's middle half▲ 8.1pp9.8%above the sector's middle half▼ 9.2pp2.3%within the sector's middle half▼ 7.4pp1.3%within the sector's middle half▼ 1.0pp
Staff (FTE)9.3below the sector's middle half▲ 6.9%10.3below the sector's middle half▲ 10.8%12.1below the sector's middle half▲ 17.5%13.5within the sector's middle half▲ 11.6%13within the sector's middle half▼ 3.7%
above
within
below
the middle half (P25 to P75) of NACE 24, Manufacture of basic metals, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 42% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.4m
Fixed assets
€2.7m ▼ 2.2%
Current assets
€777,896 ▲ 0.1%
Equity and liabilities €3.4m
Equity
€1.1m ▲ 21.5%
Debt
€2.4m ▼ 9.5%
Debt's share of the balance-sheet total falls from 74.9% to 69.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€356,370▼
2024 · €415,443
Cash flow
€284,657▼
2024 · €294,224
Quick ratio
0.66▲
2024 · 0.56
Debt to equity
2.23▼
2024 · 2.99
ROE
4.3%▼
2024 · 9.3%
Interest coverage
3.75▼
2024 · 3.93
Debt ≤ 1 year
€623,926▼
2024 · €729,689
Debt > 1 year
€1.7m▼
2024 · €1.9m
Income taxes
€8,215▼
2024 · €18,040
Staff costs
€603,940▼
2024 · €622,720
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,732 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
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 bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 14,732 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €15,100 | €17,478 | - | - |
| Remuneration, social security and pensions62 | €435,205 | €481,563 | €596,179 | €622,720 | €603,940 | ▼ 3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €49,776 | €72,032 | €84,303 | €212,968 | €239,050 | ▲ 12.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €3,094 | - | €4,065 | -€5,103 | ▼ 226% |
| Other operating charges640/8 | €1,808 | €8,691 | €5,425 | €2,616 | €13,736 | ▲ 425% |
| Non-recurring operating charges66A | - | - | €475 | - | - | - |
| Gross operating margin9900 | €595,127 | €762,320 | €1.1m | €1.0m | €968,943 | ▼ 7.3% |
| Operating profit (loss)9901 | €108,338 | €196,940 | €386,604 | €202,474 | €117,321 | ▼ 42.1% |
| Financial income75/76B | €1,440 | €679 | €1,360 | €2,608 | €31,421 | ▲ 1,105% |
| Recurring financial income75 | €1,440 | €679 | €1,360 | €2,608 | €31,421 | ▲ 1,105% |
| Financial charges65/66B | €22,707 | €19,796 | €48,057 | €105,786 | €94,919 | ▼ 10.3% |
| Recurring financial charges65 | €22,707 | €19,796 | €48,057 | €105,786 | €94,919 | ▼ 10.3% |
| Profit (loss) for the period before taxes9903 | €87,070 | €177,823 | €339,906 | €99,297 | €53,822 | ▼ 45.8% |
| Income taxes67/77 | €438 | €386 | €529 | €18,040 | €8,215 | ▼ 54.5% |
| Profit (loss) for the period9904 | €86,633 | €177,437 | €339,377 | €81,256 | €45,607 | ▼ 43.9% |
| Profit (loss) for the period to be appropriated9905 | €86,633 | €177,437 | €339,377 | €81,256 | €45,607 | ▼ 43.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €797,639 | €937,274 | €3.5m | €3.5m | €3.4m | ▼ 1.7% |
| Formation expenses20 | - | - | €0 | €0 | €0 | - |
| Fixed assets21/28 | €213,044 | €433,079 | €2.4m | €2.7m | €2.7m | ▼ 2.2% |
| Intangible fixed assets21 | - | - | €0 | €0 | €0 | - |
| Tangible fixed assets22/27 | €213,044 | €433,079 | €2.4m | €2.7m | €2.7m | ▼ 2.2% |
| Land and buildings22 | €2,539 | €258,886 | €2.2m | €2.2m | €2.2m | ▼ 1.8% |
| Plant, machinery and equipment23 | €15,951 | €12,091 | €57,652 | €52,306 | €98,001 | ▲ 87.4% |
| Furniture and vehicles24 | €177,864 | €153,756 | €157,099 | €224,755 | €189,016 | ▼ 15.9% |
| Leasing and similar rights25 | €16,691 | €8,345 | - | €230,191 | €200,504 | ▼ 12.9% |
| Current assets29/58 | €584,595 | €504,194 | €1.1m | €777,099 | €777,896 | ▲ 0.1% |
| Stocks and contracts in progress3 | €158,744 | €235,814 | €389,900 | €367,900 | €366,114 | ▼ 0.5% |
| Stocks30/36 | €158,744 | €235,814 | €389,900 | €367,900 | €366,114 | ▼ 0.5% |
| Amounts receivable within one year40/41 | €126,870 | €179,536 | €186,277 | €275,908 | €322,235 | ▲ 16.8% |
| Trade receivables40 | €100,664 | €116,603 | €86,975 | €193,097 | €196,813 | ▲ 1.9% |
| Other amounts receivable41 | €26,206 | €62,933 | €99,302 | €82,811 | €125,422 | ▲ 51.5% |
| Cash at bank and in hand54/58 | €290,700 | €75,099 | €493,635 | €110,868 | €55,514 | ▼ 49.9% |
| Deferred charges and accrued income490/1 | €8,281 | €13,746 | €17,864 | €22,423 | €34,033 | ▲ 51.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €797,639 | €937,274 | €3.5m | €3.5m | €3.4m | ▼ 1.7% |
| Equity10/15 | €311,895 | €489,332 | €794,809 | €876,065 | €1.1m | ▲ 21.5% |
| Contributions10/11 | €565,000 | €565,000 | €565,000 | €565,000 | €565,000 | = |
| Capital10 | €565,000 | €565,000 | €565,000 | €565,000 | €565,000 | = |
| Issued capital100 | €565,000 | €565,000 | €565,000 | €565,000 | €565,000 | = |
| Reserves13 | €2,254 | €2,254 | €2,254 | €6,317 | €8,597 | ▲ 36.1% |
| Non-distributable reserves130/1 | €2,254 | €2,254 | €2,254 | €6,317 | €8,597 | ▲ 36.1% |
| Legal reserve130 | €2,254 | €2,254 | €2,254 | €6,317 | €8,597 | ▲ 36.1% |
| Profit (loss) carried forward14 | -€255,359 | -€77,922 | €227,555 | €304,748 | €342,095 | ▲ 12.3% |
| Investment grants15 | - | - | - | - | €148,290 | - |
| Amounts payable17/49 | €485,744 | €447,942 | €2.7m | €2.6m | €2.4m | ▼ 9.5% |
| Amounts payable after more than one year17 | €142,327 | €124,434 | €1.8m | €1.9m | €1.7m | ▼ 7.8% |
| Financial debts170/4 | €142,327 | €124,434 | €1.8m | €1.6m | €1.7m | ▲ 5.6% |
| Trade debts175 | - | - | - | €239,385 | - | - |
| Amounts payable within one year42/48 | €343,417 | €322,707 | €867,866 | €729,689 | €623,926 | ▼ 14.5% |
| Current portion of amounts payable after more than one year42 | €147,695 | €87,893 | €379,001 | €421,018 | €260,507 | ▼ 38.1% |
| Trade debts44 | €125,025 | €136,858 | €391,843 | €245,881 | €305,622 | ▲ 24.3% |
| Suppliers440/4 | €125,025 | €136,858 | €391,843 | €245,881 | €305,622 | ▲ 24.3% |
| Advances received on contracts in progress46 | - | €59,040 | - | - | - | - |
| Taxes, remuneration and social security45 | €70,067 | €38,635 | €62,960 | €62,753 | €51,816 | ▼ 17.4% |
| Taxes450/3 | €14,056 | €816 | €1,827 | €4,625 | €4,467 | ▼ 3.4% |
| Remuneration and social security454/9 | €56,011 | €37,819 | €61,133 | €58,128 | €47,349 | ▼ 18.5% |
| Other amounts payable47/48 | €629 | €281 | €34,062 | €36 | €5,980 | ▲ 16,512% |
| Accrued charges and deferred income492/3 | - | €800 | €19,737 | €200 | €6,475 | ▲ 3,138% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €86,633 | €177,437 | €339,377 | €81,256 | €45,607 | ▼ 43.9% |
| + Depreciation and write-downs630 | €49,776 | €72,032 | €84,303 | €212,968 | €239,050 | ▲ 12.2% |
| Operating cash flow (approximation) | €136,409 | €249,469 | €423,680 | €294,224 | €284,657 | ▼ 3.3% |
| Investment in fixed assets (approximation) | - | -€292,067 | -€2.0m | -€543,799 | -€178,793 | ▲ 67.1% |
| Change in cash | - | -€215,601 | €418,536 | -€382,767 | -€55,354 | ▲ 85.5% |
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
Next filing, fiscal year 2026, expected by
2026
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Equity above €1mEq €1.1m ▲21.5%
8 profitable years in a row build equity to €1.1m.
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €339,377 ▲91.3%
Operating result €386,604, net result €339,377, both a record.
31-12
Financial
Equity above €500,000Eq €794,809 ▲62.4%
6 profitable years in a row build equity to €794,809.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €200,000Eq €311,895
4 profitable years in a row build equity to €311,895.
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 25 days late
2020
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
27-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
No directors read yet: 0 of 8 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Raeren · 1 establishment unit since 1993
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.
Handelsstraße 184731 Raeren1 establishment unit
Handelsstraße 18, 4731 Raeren
since 19932.062.000.264
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Company details
Identification
Legal formPublic limited company
Founded30-04-1993
Fiscal year end31-12
Activities, NACEBEL 2025
24100Manufacture of basic metals
31001Manufacture of furniture
46900Non-specialised wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0449934597
Also
9925:BE0449934597
Registered
29-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.