Result
-€7.6m -€7.6m
From profit to loss in 2025, after a profit of €100,476 in 2024.
F.A.L.-ACHEL
Lifetime
20 annual accounts with figures on one time axis, 41 filings since 1984peak €181.8m (2023)
€168.4m▼ 5.3%
lowest -€7.6m (2025)
-€7.6m▼ €7.7m
peak €80.5m (2024)
€72.9m▼ 9.4%
€27.6m▲ 8.5%
peak 964.5 FTE (2024)
948.3 FTE▼ 1.7%
Board12 names since 2020
4 directorsLARIX and 3 others
Owners
Documentsfilings and deeds
27-07-20264 days before the deadline
2025financial year
Loss of €7.6m1 statutory auditor appointed 13-01Cash from €9.7m to €4.7m
Key points
from the 2025 annual accountsStaff
1,011 employees on 31-12-2025
In 2025, 128 people joined and 142 left. On top of that, 14 agency workers worked there on average.
Filings
41 annual accounts since 1984
The last five annual accounts were filed 4 to 22 days before the end of the period.
At the same address
5 companies
Position in the sector
-€7.6m
Lower net result than 95% of companies in fabricated metal products. Sector median €79,515 · 834 companies.
Public support
€452,505 awarded from 2022 to 2025
Flemish support, mostly Vlaams opleidingsverlof (VOV).
Checked score
85
Excellent
Financially stronger than 42% of all companies
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 22 companies (NACE 25, large).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.2%▲ +0.1 percentage points vs 06-2025
08-2025: 0.1%▼ -0.1 percentage points vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026lowest value
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.3%▲ +0.2 percentage points vs 07-2026highest value
09-2026: 0.3%● unchanged vs 08-2026highest value
10-2026: 0.3%● unchanged vs 09-2026highest value
11-2026: 0.3%● unchanged vs 10-2026highest value
Financial strengthAverage
Score breakdown
raises risk
Loss of €7.6m (financial year 2025)
lowers risk
Size: turnover €168.4m, 948.3 FTE, total assets €100.6m
Founded in 1983
Equity €72.9m (72.5% of total assets)
Calculation
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 (all companies). It does better than 84% of them on solvency, 51% on liquidity, 12% on profitability and 22% on growth.
The bankruptcy probability was computed on 06-11-2026 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).
Comparable companies, two years later
In July 2024, 151 companies had the same profile as F.A.L.-ACHEL has now. Each dot is one company, two years later.
94.0%
were still trading
4.0%
stopped another way
1.3%
went bankrupt
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of F.A.L.-ACHEL itself: 0.3% within 12 months.
Test of the method
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 151 companies, not a prediction for F.A.L.-ACHEL. 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.
Credit verdict
Credit of up to €6,150,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.67 (3.11 in 2024), above the usual 1.5. Short-term debt is 27.3% and cash 4.6% of total assets. 27.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 days early
2024
22 days early
2023
6 days early
2022
6 days early
2021
12 days early
2020
9 days early
2019
8 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 10 days before the deadline. In the sector (NACE 25), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 25 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Pro Groep Holding 100%equity €50.2m (2025) · 2025 annual accounts of Pro Groep Holding
Shares in 2 companies, PROTEC and JOWI
Board & ownershipRecent changes
Reappointment: Foederer bedrijfsrevisoren BV (statutory auditor)
General meeting of 30-06-2026 · Gazette deed
Permanent representatives: Jan Peeters and Willy Lauwers
General meeting of 10-09-2026 · Gazette deed
Environmental permit granted
Bouwen of herbouwen, Het reliëf van de bodem aanmerkelijk wijzigen, Nieuwbouw of aanleggen · Provincie Limburg
1 statutory auditor appointed
FOEDERER DFK BEDRIJFSREVISOREN BV (statutory auditor) · Permanent representatives: Tom Quittelier and Mathieu Meers · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| F.A.L.-ACHEL Hamont-Achel | €168.4m | -3.8% | 72.5% | 948.3 |
| REYNAERS ALUMINIUM Duffel | €386.7m | 1.7% | 78.2% | 527.5 |
| ASSA ABLOY Entrance Systems Belux Merelbeke-Melle | €94.4m | 4.3% | 10.3% | 329 |
| SOBINCO Zulte | €75.7m | 16.9% | 55.9% | 287.2 |
| RENSON OUTDOOR Kruisem | €54.1m | -9.8% | 90.0% | 161.4 |
| Dynaco Europe Aalst | €71.8m | 12.5% | 19.5% | 138.4 |
| Wilms Meerhout | €28.9m | 0.5% | 91.7% | 157 |
Grey: the largest companies of the sector (fabricated metal products (NACE 25)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as F.A.L.-ACHEL: manufacture of fabricated metal products, except machinery and equipment (NACE 25120). They are comparable in size and age: total assets between €24m and €444m, founded between 1971 and 1994.
Official details
Source: KBO- Status
- Active since 29-12-1983Normal situation
- Activity
- Manufacture of fabricated metal products, except machinery and equipmentNACE 25120
- Joint committees
- 209White-collar workers in metal manufacturing
- 200Auxiliary committee for white-collar workers
- 115Glass industry · annual accounts 2025and 1 other
- Establishment units
- 2.023.835.5163930 Hamont-Achel, since 01-07-1983
- 2.335.097.3313900 Pelt, since 01-08-2021and 4 others
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €100.6m▼ 5.1%
- Employeeson 31-12-2025
- 1,011▼ 1.1%
- Filing
- Filed on 27-07-2026, 4 days before the end of the filing period
Insights on F.A.L.-ACHEL
F.A.L.-ACHEL has existed since 1983. Turnover grew from €108.0m in 2006 to €168.4m in 2025 and staff from 415.6 to 948.3 full-time equivalents.
Pro Groep Holding holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about F.A.L.-ACHEL
- What is the company number of F.A.L.-ACHEL?
- The company number of F.A.L.-ACHEL is 0425.134.370. The VAT number is the same number with BE in front: BE 0425.134.370.
- Where is F.A.L.-ACHEL based?
- The registered office is at Oude Pastorijstraat 11, 3930 Hamont-Achel.Company details
- What does F.A.L.-ACHEL do?
- According to the KBO register, the main activity is manufacture of fabricated metal products, except machinery and equipment (NACE 25120).
- What is the legal form of F.A.L.-ACHEL?
- F.A.L.-ACHEL is a public limited company (NV).
- When was F.A.L.-ACHEL founded?
- F.A.L.-ACHEL was founded on 29-12-1983.
- Is F.A.L.-ACHEL still active?
- Yes, F.A.L.-ACHEL is an active enterprise in the KBO register.
- How many employees does F.A.L.-ACHEL have?
- F.A.L.-ACHEL had an average of 948.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does F.A.L.-ACHEL fall under?
- In its 2025 annual accounts, F.A.L.-ACHEL states joint committees 209 (White-collar workers in metal manufacturing), 200 (Auxiliary committee for white-collar workers), 115 (Glass industry) and 126 (Furnishing and woodworking).
- What is the turnover of F.A.L.-ACHEL?
- The turnover of F.A.L.-ACHEL was €168.4m in financial year 2025, according to the filed annual accounts.
- Is F.A.L.-ACHEL profitable?
- In financial year 2025, F.A.L.-ACHEL made a loss of €7.6m.
- Where can I find the annual accounts of F.A.L.-ACHEL?
- F.A.L.-ACHEL filed 41 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of F.A.L.-ACHEL due?
- F.A.L.-ACHEL must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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