FRAGAMETAL
ActiveFRAGAMETAL has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €807k and a net result of €313k. Equity is growing by ~15.2% per year across the filed fiscal years. Its solvency ranks better than 91% of 1887 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
94
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+2
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75k at 30 days acceptable
Liquidity ample (current ratio 8.23 against 9.17 in 2024; short-term debt: 11.1% and cash: 45.5% of total assets), and 11.1% of the assets are financed with debt.
Credit advice for your own amount and term
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 25
Relative position
BE, all sectors
reference
Sector 25
higher
← 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
88.9%
Return on assets
34.5%
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 27-05-2026, 65 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
65 d early
2024
58 d early
2023
43 d early
2022
47 d early
2021
68 d early
2020
44 d early
2019
8 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€539k
EBIT margin
19.0%
Net result
€313k▲ 140%
2024 · €131k
2018: €6k
2019: €8k
2020: €73k
2021: €123k
2022: €125k
2023: €40k
2024: €131k
2018 → 2025
Working capital
€726k▲ 45.9%
2024 · €498k
2018: €253k
2019: €175k
2020: €293k
2021: €295k
2022: €391k
2023: €372k
2024: €498k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€295k-€393k▲ 33.3%€377k▼ 4.3%€501k▲ 33.1%€807k▲ 61.0%
Operating result€196k-€156k▼ 20.4%€71k▼ 54.6%€167k▲ 135%€461k▲ 176%
Net result€123k-€125k▲ 1.6%€40k▼ 67.7%€131k▲ 225%€313k▲ 140%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 176% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €907k
Fixed assets
€81k▲ 2,174%
Current assets
€826k▲ 47.9%
Equity and liabilities €907k
Equity
€807k▲ 61.0%
Debt
€100k▲ 64.7%
The debt ratio rises from 10.8% to 11.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€464k▲
2024 · €168k
Cash flow
€317k▲
2024 · €132k
Solvency
88.9%▼
2024 · 89.2%
Current ratio
8.23▼
2024 · 9.17
Quick ratio
7.21▼
2024 · 7.78
Debt / equity
0.12▲
2024 · 0.12
ROE
38.8%▲
2024 · 26.0%
ROA
34.5%▲
2024 · 23.2%
Interest coverage
84.17▲
2024 · 29.24
Debt
€100k▲
2024 · €61k
Debt ≤ 1 year
€100k▲
2024 · €61k
Income taxes
€145k▲
2024 · €33k
Staff costs
€358k▼
2024 · €374k
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€562k€907k▲
Fixed assets21/28€4k€81k▲
Tangible fixed assets22/27€4k€81k▲
Plant, machinery and equipment23€1k€80k▲
Furniture and vehicles24€2k€1k▼
Current assets29/58€558k€826k▲
Stocks and contracts in progress3€84k€102k▲
Stocks30/36€84k€102k▲
Amounts receivable within one year40/41€98k€176k▲
Trade receivables40€97k€168k▲
Other amounts receivable41€909€8k▲
Current investments50/53€96k€136k▲
Cash at bank and in hand54/58€280k€413k▲
Deferred charges and accrued income490/1€750-
Equity and liabilities
Total equity and liabilities10/49€562k€907k▲
Equity10/15€501k€807k▲
Contributions10/11€200€200=
Reserves13€501k€807k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€499k€805k▲
Amounts payable17/49€61k€100k▲
Amounts payable within one year42/48€61k€100k▲
Trade debts44€1k€9k▲
Suppliers440/4€1k€9k▲
Taxes, remuneration and social security45€51k€74k▲
Taxes450/3€16k€41k▲
Remuneration and social security454/9€35k€33k▼
Other amounts payable47/48€9k€17k▲
Income statement
Code20242025
Remuneration, social security and pensions62€374k€358k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€3k▲
Other operating charges640/8€2k€1k▼
Gross operating margin9900€544k€824k▲
Operating profit (loss)9901€167k€461k▲
Financial income75/76B€3k€3k▲
Recurring financial income75€3k€3k▲
Financial charges65/66B€6k€6k▼
Recurring financial charges65€6k€6k▼
Profit (loss) for the period before taxes9903€164k€458k▲
Income taxes67/77€33k€145k▲
Profit (loss) for the period9904€131k€313k▲
Profit (loss) for the period to be appropriated9905€131k€313k▲
Appropriation of the result
Profit (loss) to be appropriated9906€131k€313k▲
Transfer from equity791/2€6k€8k▲
Transfer to equity691/2€131k€313k▲
To other reserves6921€131k€313k▲
Profit to be distributed694/7€6k€8k▲
Return on contributions (dividend)694€6k€8k▲
The notes to these accounts (7 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
27-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €313k ▲140%
Operating result €461k, net result €313k, both a record.
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €500kEq €501k ▲33.1%
7 profitable years in a row build equity to €501k.
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
24-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity doublescurrent ratio 7.18
Current ratio from 3.36 to 7.18; short-term debt falls from €74k to €47k.
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Dendermonde · 1 establishment unit since 1995
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.
Hekkestraat (GRE) 599200 DendermondeGround area
2,618 m²
Building footprint
192 m²
Volume, LiDAR
817 m³
Parcel 42007B0187/00K000, Flanders · tallest building 5.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
FRAGAMETAL BVBA
since 19952.074.246.020
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42007B0187/00K000 | Flanders | 2,618 m² | 1 · 192 m² | 5.5 m · 1 fl. |
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.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 3 entries · 25,855 EUR awarded · 25,855 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 16,310 EUR | 16,310 EUR |
| 2024 | 1 | 9,545 EUR | 9,545 EUR |
Schemes
Individueel Maatwerk
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 3,463 companies in sector 25530 we hold annual accounts for 1,656. 1,191 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-11-1995
Fiscal year end31-12
Activities, NACEBEL
25530Machining of metals
25999Manufacture of fabricated metal products, except machinery and equipment
28520
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.