GZ METAL
ActiveGZ METAL has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €96k and a net result of €2k. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 29% of 1893 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
62
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability28▲+13
Solvency51▼-6
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 1.52 against 1.56 in 2024; short-term debt: 24% of total assets), but 74% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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
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
26%
Return on assets
0.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
13 d late
2024
11 d late
2023
83 d late
2022
84 d late
2021
78 d late
2020
86 d late
2019
69 d late
← 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€96k▼ 22.3%
2024 · €123k
2018: €118k
2019: €125k
2020: €100k
2021: €107k
2022: €141k
2023: €212k
2024: €123k
2018 → 2025
Total assets
€369k▼ 5.5%
2024 · €390k
2018: €593k
2019: €558k
2020: €550k
2021: €530k
2022: €642k
2023: €550k
2024: €390k
2018 → 2025
Net result
€2k
2024 · €-28k
2018: €12k
2019: €8k
2020: €-24k
2021: €7k
2022: €37k
2023: €72k
2024: €-28k
2018 → 2025
Working capital
€46k▼ 14.4%
2024 · €54k
2018: €72k
2019: €85k
2020: €74k
2021: €73k
2022: €96k
2023: €182k
2024: €54k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€107k-€141k▲ 32.3%€212k▲ 50.0%€123k▼ 42.0%€96k▼ 22.3%
Operating result€14k-€56k▲ 291%€109k▲ 96.2%€-23k€4k
Net result€7k-€37k▲ 441%€72k▲ 94.2%€-28k€2k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €4k after a loss of €23k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €369k
Fixed assets
€234k▼ 2.3%
Current assets
€135k▼ 10.6%
Equity and liabilities €369k
Equity
€96k▼ 22.3%
Debt
€273k▲ 2.1%
The debt ratio rises from 68.5% to 74.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€18k▲
2024 · €4k
Cash flow
€17k▲
2024 · €-1k
Solvency
26.0%▼
2024 · 31.5%
Current ratio
1.52▼
2024 · 1.56
Quick ratio
1.52▼
2024 · 1.56
Debt / equity
2.85▲
2024 · 2.17
ROE
2.4%▲
2024 · -23.0%
ROA
0.6%▲
2024 · -7.2%
Interest coverage
1.03▲
2024 · 0.64
Debt
€273k▲
2024 · €267k
Debt ≤ 1 year
€89k▼
2024 · €97k
Debt > 1 year
€184k▲
2024 · €170k
Income taxes
€9k
Staff costs
€115k▼
2024 · €121k
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€390k€369k▼
Fixed assets21/28€239k€234k▼
Tangible fixed assets22/27€238k€233k▼
Land and buildings22€34k€34k=
Plant, machinery and equipment23€204k€199k▼
Financial fixed assets28€1k€1k=
Current assets29/58€151k€135k▼
Amounts receivable within one year40/41€151k€135k▼
Trade receivables40€115k€91k▼
Other amounts receivable41€36k€44k▲
Equity and liabilities
Total equity and liabilities10/49€390k€369k▼
Equity10/15€123k€96k▼
Contributions10/11€13k€13k=
Reserves13€107k€107k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€105k€105k=
Profit (loss) carried forward14€-26k€-23k▲
Investment grants15€30k-
Amounts payable17/49€267k€273k▲
Amounts payable after more than one year17€170k€184k▲
Financial debts170/4€170k€184k▲
Amounts payable within one year42/48€97k€89k▼
Current portion of amounts payable after more than one year42€50k€45k▼
Financial debts43€22k€12k▼
Credit institutions430/8€22k€12k▼
Trade debts44€17k€3k▼
Suppliers440/4€17k€3k▼
Taxes, remuneration and social security45€7k€8k▲
Taxes450/3€360€8k▲
Remuneration and social security454/9€7k-
Other amounts payable47/48€557€21k▲
Income statement
Code20242025
Non-recurring operating income76A-€5k
Remuneration, social security and pensions62€121k€115k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€14k▼
Other operating charges640/8€14k€2k▼
Non-recurring operating charges66A€486€11k▲
Gross operating margin9900€140k€146k▲
Operating profit (loss)9901€-23k€4k▲
Financial income75/76B€1k€25k▲
Recurring financial income75€1k€25k▲
Financial charges65/66B€7k€18k▲
Recurring financial charges65€7k€18k▲
Profit (loss) for the period before taxes9903€-28k€11k▲
Income taxes67/77-€9k
Profit (loss) for the period9904€-28k€2k▲
Profit (loss) for the period to be appropriated9905€-28k€2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-26k€-23k▲
Profit (loss) brought forward from the previous period14P€3k€-26k▼
The notes to these accounts (9 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
13-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 13 days late
2025
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
11-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 11 days late
2024
31-12
Financial
Weakest financial yearnet €-28k ▼139%
Net result drops to €-28k, the lowest in the series; recovery starts the following year.
22-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 83 days late
2023
31-12
Financial
Highest result since 2018net €72k ▲94.2%
Operating result €109k, net result €72k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 2.75
Current ratio from 1.36 to 2.75; short-term debt falls from €266k to €104k.
31-12
Financial
Equity above €200kEq €212k ▲50%
3 profitable years in a row build equity to €212k.
23-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 84 days late
2022
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
2021
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
25-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 86 days late
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 69 days late
2019
12-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 43 days late
2018
10-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 41 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
4 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, Frameries · 1 establishment unit since 2005
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.
Av.du Parc d'Avent.Scientifiques 177080 Frameries1 establishment unit
GZ METAL
since 20052.149.693.016
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Of 908 companies in sector 25120 we hold annual accounts for 677. 467 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded09-10-2002
Fiscal year end31-12
Activities, NACEBEL
25120Manufacture of fabricated metal products, except machinery and equipment
25401Forging of metal
28120
25530Machining of metals
28520
43320Joinery installation
45422
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filings
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.