Equity
€157,942 from €380,422 in 2019
Equity fell by 58% in 7 years.
GODMETAAL
Lifetime
20 annual accounts with figures on one time axis, 36 filings since 1991peak €1.2m (2018)
-not published
lowest -€112,508 (2021)
-€13,082▼ €16,575
peak €380,422 (2019)
€157,942▼ 7.6%
€391,540▲ 11.3%
peak 41.5 FTE (2026)
41.5 FTE▲ 7.8%
Board9 names since 2019
4 directorsAsgard BV and 3 others
Owners3 names in the annual accounts
Documentsfilings and deeds
15-10-202616 days before the deadline
2026financial year
Turnover from €2.8m to €3.3mLoss of €13,082Cash from €2,998 to €6,511
Key points
from the 2026 annual accountsGrowth
5 years
5 years of growth in a row. Turnover 2026: €3.3m.
Debts
€391,540 71% of the balance sheet
Suppliers 65%Taxes and wages 35%
Staff
42 employees on 31-03-2026
In 2026, 8 people joined and 5 left. On top of that, 0.4 agency workers worked there on average.
Payment terms
377 days to suppliers
GODMETAAL pays its suppliers 75 days earlier than in 2025. Customers pay 7 days earlier.
Filings
36 annual accounts since 1991
The last five annual accounts were filed 4 to 16 days before the end of the period.
Checked score
66
Healthy
Financially stronger than 26% of small companies in basic metals (NACE 24)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 74 companies (NACE 24, small).
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025lowest value
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.8%▲ +0.6 percentage points vs 10-2025
12-2025: 0.8%● unchanged vs 11-2025
01-2026: 0.8%● unchanged vs 12-2025
02-2026: 0.8%● unchanged vs 01-2026
03-2026: 0.8%● unchanged vs 02-2026
04-2026: 0.8%● unchanged vs 03-2026
05-2026: 0.8%● unchanged vs 04-2026
06-2026: 0.8%● unchanged vs 05-2026
07-2026: 0.8%● unchanged vs 06-2026
08-2026: 0.8%● unchanged vs 07-2026
09-2026: 0.8%● unchanged vs 08-2026
10-2026: 0.9%▲ +0.1 percentage points vs 09-2026highest value
11-2026: 0.9%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Size: turnover €3.3m, 41.5 FTE, total assets €549,482
Sector: Manufacture of basic metals (NACE 24)
Liquidity: current ratio 1.40, cash €6,511
lowers risk
Founded in 1990
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 (NACE 24, small). It does better than 23% of them on solvency, 8% on liquidity, 25% on profitability and 48% on growth.
The bankruptcy probability was computed on 09-11-2026 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 31-03-2026.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% 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, 2,507 companies had the same profile as GODMETAAL has now. Each dot stands for 7 companies, two years later.
96.4%
were still trading
1.8%
stopped another way
1.6%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of GODMETAAL itself: 0.9% 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 2,507 companies, not a prediction for GODMETAAL. 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 €10,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.4 (1.49 in 2025), below the usual 1.5. Short-term debt is 71.3% and cash 1.2% of total assets. 71.3% 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 31-03-2026 was due by 31-10-2026 and was filed on 15-10-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
16 days early
2025
11 days early
2024
6 days early
2023
4 days early
2022
7 days early
2021
3 days early
2020
2 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 7 days before the deadline. In the sector (NACE 24), the median for financial year 2024 was 15 days before the deadline, and 29% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 24 October (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
10-11-2026 today31-03-2027 year end31-10-2027 deadline
Board and ownership
- JAJAX 50%score 92equity €1.1m (2025) · 30-12-2025 annual accounts of JAJAX
- ASGARD 24%equity €768,929 (2025) · 30-12-2025 annual accounts of ASGARD
- FLOLEO 24%score 95equity €723,932 (2025) · 30-12-2025 annual accounts of FLOLEO
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0439889456
4 directors appointed, 4 resignations
Resignations: Jan Goddeeris, Stijn Goddeeris, Tom Goddeeris and Veerle Verkouille · Appointments: BV JAJAX (managing director), BV ASGARD (managing director), BV FLOLEO (managing director) and Veerle Verkouille · Permanent representatives: Jan Goddeeris, Tom Goddeeris and Stijn Goddeeris · Gazette deed
Company renamed from GODDEERIS INDUSTRIAL PIPING to GODMETAAL
Registered office moved to Roeselare · New registered office: Ovenhoek 26, 8800 Roeselare · Previous registered office: huidig adres · General meeting of 29-04-2019 · Gazette deed
Incorporation
published on 06-03-1990 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| GODMETAAL Roeselare | €3.3m | -0.2% | 28.7% | 41.5 |
| Flowell International Genappe | €4.3m | 5.8% | 33.6% | 14.4 |
| BC-CON Pittem | - | - | 31.3% | - |
| SOCIETE DE TRAVAUX INDUSTRIELS DE WALLONIE Genappe | - | - | 72.0% | - |
| RENO - TRUCK Farciennes | - | - | 43.6% | - |
| Ateliers MAQUET Awans | - | - | 17.5% | 12.1 |
| EUROTIP Braine-l'Alleud | - | - | 62.1% | 20.4 |
Grey: the largest companies of the sector (basic metals (NACE 24)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as GODMETAAL: manufacture of basic metals (NACE 24200). They are comparable in size and age: total assets between €487,000 and €4.1m, founded between 1969 and 2002.
Official details
Source: KBO- Status
- Active since 06-02-1990Normal situation
- Activity
- Manufacture of basic metalsNACE 24200and 3 others
- Joint committees
- 209White-collar workers in metal manufacturing
- 111Metal, mechanical and electrical engineering · annual accounts 31-03-2026
- Establishment unit
- 2.047.244.3868800 Roeselare, since 27-02-1989
- Financial year end
- 31 March
- Peppol
- Reachable since 29-08-2025
Annual accounts to 31-03-2026
- €549,482▲ 5.1%
- Employeeson 31-03-2026
- 42▲ 7.7%
- Filing
- Filed on 15-10-2026, 16 days before the end of the filing period
Insights on GODMETAAL
GODMETAAL has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €157,942 and a net result of -€13,082.
Equity has been shrinking by about 12% per year since 2019. The computed 12-month bankruptcy probability is 0.9% (low).
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 GODMETAAL
- What is the company number of GODMETAAL?
- The company number of GODMETAAL is 0439.889.456. The VAT number is the same number with BE in front: BE 0439.889.456.
- Where is GODMETAAL based?
- The registered office is at Ovenhoek 26, 8800 Roeselare.Company details
- What does GODMETAAL do?
- According to the KBO register, the main activity is manufacture of basic metals (NACE 24200).
- What is the legal form of GODMETAAL?
- GODMETAAL is a public limited company (NV).
- When was GODMETAAL founded?
- GODMETAAL was founded on 06-02-1990.
- Is GODMETAAL still active?
- Yes, GODMETAAL is an active enterprise in the KBO register.
- How many employees does GODMETAAL have?
- GODMETAAL had an average of 41.5 full-time equivalents in financial year 2026, according to the filed annual accounts.Financials
- Which joint committee does GODMETAAL fall under?
- In its 31-03-2026 annual accounts, GODMETAAL states joint committees 209 (White-collar workers in metal manufacturing) and 111 (Metal, mechanical and electrical engineering).
- What is the turnover of GODMETAAL?
- The turnover of GODMETAAL was €3.3m in financial year 2026, according to the filed annual accounts.
- Is GODMETAAL profitable?
- In financial year 2026, GODMETAAL made a loss of €13,082.
- Where can I find the annual accounts of GODMETAAL?
- GODMETAAL filed 36 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of GODMETAAL due?
- GODMETAAL must file the annual accounts for financial year 2027 by 31-10-2027.Timeline
Next steps
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