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Complete company report
Generated 05-07-2026
Active BE 0424.886.427Public limited company

FULL METAL SERVICES

Avenue de l'Artisanat 12 ·1420 Braine-l'Alleud, Belgium· 42 yrs active
Sector: NACE 28410 (28410)
Conclusion Checked

The computed 12-month bankruptcy probability of FULL METAL SERVICES is 0.2% (very low). The 2025 annual accounts show equity of €4.60M and a net result of €81k. Equity remains stable across the filed fiscal years (±1.8% per year). The company has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 8 annual accounts.
Key figures
Equity €4.60M
Net result €81k
Staff (FTE) 2
Active 42 yrs
Snowflake analysis 5 axes · computed by Checked
Health94Profitability9Solvency100Growth52Stability100
71 / 100

Strong profile, led by solvency.

Health 94
Profitability 9
Solvency 100
Growth 52
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
0.2% Very low
0%0,5%1,5%4%10%≥25%
Long track record −Annual accounts: healthy financial profile −Lower-risk legal form −

Statistical estimate based on public sources — not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
Long-established
Founded in 1983 — 42 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2025 · computed
94 / 100 Excellent
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative — not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 22-05-2026 with the NBB · fiscal year 2025 · micro
€0€25k€50k€75k€100kOperating result 2021: €12k€12kNet result 2021: €5k€5kOperating result 2022: €41k€41kNet result 2022: €27k€27kOperating result 2023: €70k€70kNet result 2023: €80k€80kOperating result 2024: €73k€73kNet result 2024: €79k€79kOperating result 2025: €95k€95kNet result 2025: €81k€81k20212022202320242025
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts — not a forecast, the extended trend.
stable Equity: stable across 8 fiscal years (±1.8%/year).
€3.50M€4.00M€4.50M€5.00M2026: €4.68M (€4.31M – €5.05M)2027: €4.76M (€4.39M – €5.13M)2028: €4.85M (€4.48M – €5.22M)2018: €3.88M2019: €3.89M2020: €4.33M2021: €4.33M2022: €4.36M2023: €4.44M2024: €4.51M2025: €4.60M20182019202020212022202320242025202620272028
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil–Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

EBITDA
€173k
+12.4% +40% vs sector
Net profit
€81k
+2.9% -43% vs sector
Cash flow
€159k
-0.1% -45% vs sector
Total assets
€4.64M
+1.8% +33% vs sector
Equity
€4.60M
+1.8% +298% vs sector
Working capital
€1.82M
+8.7% +58% vs sector
Employees (FTE)
2
0.0% -88% vs sector
Staff costs
€224k
+3.9% -26% vs sector
Income taxes
€26k
+20.4% far above sector median
Debt
€42k
+2.1% -98% vs sector
Debt ≤ 1y
€41k
-0.4% -96% vs sector
Debt > 1y
€50k
-50.0% -60% vs sector
Current ratio
45.86
+9.0% far above sector median
Quick ratio
45.86
+9.0% far above sector median
Solvency
99.1%
0.0% +186% vs sector
Debt / equity
0.01
+0.3% -99% vs sector
ROE
1.8%
+1.1% -93% vs sector
ROA
1.8%
+1.1% -84% vs sector
Interest coverage
256.87
-10.8% far above sector median
Figures by fiscal year
Fiscal year2025
Revenue—
EBITDA€173k
Net profit€81k
Cash flow€159k
Staff costs€224k
Income taxes€26k
Dividends—
Total assets€4.64M
Equity€4.60M
Debt€42k
of which ≤ 1y€41k
of which > 1y—
Working capital€1.82M
Employees (FTE)2.0
Ratios (computed)
2025
Current ratio45.86
Quick ratio45.86
Working capital ratio39.3%
Solvency99.1%
Debt / equity0.01
Long-term debt ratio—
Interest coverage256.87
Gross margin—
Net margin—
ROA1.8%
ROE1.8%
EBITDA margin—
Days sales outstanding—
Days payable outstanding—
Inventory turnover—
Days inventory (DSI)—
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet — Assets
TOTAL ASSETS 20/58€4.64M
Fixed assets 21/28€2.77M
Tangible fixed assets 22/27€767k
Financial fixed assets 28€2.01M
Current assets 29/58€1.86M
Amounts receivable within one year 40/41€121k
Cash & bank 54/58€1.74M
Balance sheet — Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€4.64M
Equity 10/15€4.60M
Contributions / capital 10/11€350k
Reserves 13€56k
Accumulated profits (losses) 14€4.19M
Amounts payable 17/49€42k
Amounts payable within one year 42/48€41k
Trade debts payable within one year 44€3k
Income statement
Gross operating margin 9900€435k
Operating result 9901€95k
Financial income 75€13k
Financial charges 65€673
Result before taxes 9903€107k
Income taxes 67/77€26k
Net result for the period 9904€81k
Result to be appropriated 9905€81k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary 28410
Legal form Public limited company(014)
Incorporation07-12-1983
StatusActive
Postal code1420
Establishment units 1 location
Avenue de l'Artisanat 12, 1420 Braine-l'Alleud
onderhouds- en herstellingswerken van mechanische aard voor rekening van derden.
since 19832.014.917.157
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates — not a deeds register.

Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
25014N0036/00B000 Wallonia 1.2 ha 1 · 1,074 m² 6.0 m · 2 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data — this is not proof of ownership.
Updates 12 events

A single timeline of everything that happened to this company — publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026
22-05-2026
NBB filing Annual accounts filed
fiscal year 2025 · micro
2025
03-09-2025
State Gazette act Director changes
22-05-2025
NBB filing Annual accounts filed
fiscal year 2024 · micro
2024
27-05-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
2023
05-07-2023
NBB filing Annual accounts filed
fiscal year 2022 · micro
06-03-2023
State Gazette act Director changes
2022
17-05-2022
NBB filing Annual accounts filed
fiscal year 2021 · micro
2021
10-05-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
2020
13-05-2020
NBB filing Annual accounts filed
fiscal year 2019 · micro
2019
28-06-2019
NBB filing Annual accounts filed
fiscal year 2018 · micro
2018
08-06-2018
NBB filing Annual accounts filed
fiscal year 2017 · micro
2017
18-05-2017
NBB filing Annual accounts filed
fiscal year 2016 · volledig
Belgisch Staatsblad — acts 2 acts
All acts · 2 updated 10 months ago
2025
03-09-2025 4 directors appointed Director changes
  • Jean-Marie DEVOS — Commissaris
  • Alain DEVOS — Commissaris
  • Serge BASSEM — Commissaris
  • Jean DEBRAS — Commissaris
Technical details 
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        "address": "rue Vall\u00E9e Bailly 155 \u00E0 1420 Braine L\u0027Alleud",
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    {
      "kind": "commissaris_in",
      "role": "commissaris",
      "person": {
        "rrn": null,
        "name": "Jean DEBRAS",
        "address": "rue Aim\u00E9 Hoslet 26 \u00E0 1390 Grez-Doiceau",
        "birth_date": null,
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        "birth_place": null
      },
      "reason": null,
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      "rep_rotation_new_rep": null,
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    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "fr",
    "pub_date": "2025-09-03",
    "filing_date": "2025-04-24",
    "act_kind_objet": "Objet de l\u0027acte:"
  },
  "decisions": [
    {
      "body": "algemene_vergadering",
      "date": "2025-04-24",
      "unanimous": null
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0424.886.427",
    "name_full": "FULL METAL SERVICES",
    "legal_form": "SA"
  },
  "publication_proxy": {
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    "org_kbo": null,
    "org_name": null,
    "person_name": "Alain DEVOS",
    "org_rep_person_name": null,
    "person_role_at_subject": "Administrateur d\u00E9l\u00E9gu\u00E9"
  },
  "co_filed_documents": [],
  "corrected_publication_numac": null
}
2023
06-03-2023 Jean-Marie Devos appointed as director Director changes
  • Jean-Marie Devos — Bestuurder
Technical details 
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      "role": "bestuurder",
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        "name": "Jean-Marie Devos",
        "address": "5020 Malonne, Chemin de Maulenne 10",
        "birth_date": "1938-03-14",
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  ],
  "notary": {
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  },
  "act_meta": {
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  },
  "decisions": [
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      "date": "2023-02-23",
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  ],
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  },
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  },
  "co_filed_documents": [],
  "corrected_publication_numac": null
}
Credit advice verdict per customer and amount

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Bewerken van metaal en poedermetallurgie25402Persen, stampen en profielwalsen van metaal; poedermetallurgie25502Persen, stampen en profielwalsen van metaal28402Vervaardiging van machines voor de metaalbewerking28410Vervaardiging van niet-verspanende machines voor de metaalbewerking en van gereedschapswerktuigen voor metaalbewerking28410Vervaardiging van overige gereedschapswerktuigen voor de metaalbewerking29420
Primary activity highlighted.
Names & trade names
Legal nameFR FULL METAL SERVICES
Registered office
Avenue de l'Artisanat 12
1420 Braine-l'Alleud, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative