HYDROMETAL

Active

Public limited companyfounded 1985active for 41 yearsRue du Parc industriel sn, 4480 Engis, BelgiumKBO/BCE: BE 0427.416.939

Summary

The computed 12-month bankruptcy probability of HYDROMETAL is 1.5% (moderate). The 2025 annual accounts show equity of €6.9m and a net result of -€2.2m. Equity is growing by about 11% per year across the filed financial years. Its solvency ranks better than 28% of 823 sector peers (NACE 25, financial year 2025). The company has been active since 1985 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow Report Compare

HYDROMETALActiveChecked score 62/100

Risk analysis Report Compare

Activity

Coating of metals

NACE 25510Manufacture of chemicals and chemical products NACE 20130

3rd largest employer in Engis1 site

Size

€18.2mturnover 2025

Staff: 113.4 FTE
Equity: €6.9m
Loss: -€2.2m

Financial health

62 Healthy Checked score 2025

Bankruptcy probabilitywithin 12 months: 1.5%

Structure

Parent: Jean Goldschmidt International · 94.97%
Board: 9 members
Holdings: 1

Jean-Christophe BOGAERTChair

Auditor: BDO Services C.V.B.A.2025 accounts 53 days early

Why 62raises riskLoss of €2.2m (financial year 2025)Liquidity: current ratio 0.90, cash €180,397Sector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)1 of the last 3 lateShow the evidence

Checked score

Score 2025

62 / 100

Healthy

Probability in this band: 0.55% to 1.5%

Financially better than 30% of its sector peers (NACE 25, medium-sized)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Average

Solvency 53-15

equity 28.4% of total assets

Liquidity 32-6

short-term debt 39.6% · cash 0.7%

Profitability 63-17

return on assets -9.2%

Bankruptcy probability, 12 months

1.5% Moderate

0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (132 companies, NACE 25, medium-sized)

Last 24 months 11-2024: 0.4% 12-2024: 0.4%● unchanged vs 11-2024 01-2025: 0.4%● unchanged vs 12-2024 02-2025: 0.4%● unchanged vs 01-2025 03-2025: 0.4%● unchanged vs 02-2025lowest value 04-2025: 0.4%● unchanged vs 03-2025lowest value 05-2025: 0.4%● unchanged vs 04-2025 06-2025: 0.4%● unchanged vs 05-2025 07-2025: 0.5%▲ +0.1 percentage points vs 06-2025 08-2025: 0.6%▲ +0.1 percentage points vs 07-2025 09-2025: 0.6%● unchanged vs 08-2025 10-2025: 0.6%● unchanged vs 09-2025 11-2025: 0.6%● unchanged vs 10-2025 12-2025: 0.6%● unchanged vs 11-2025 01-2026: 0.6%● unchanged vs 12-2025 02-2026: 0.6%● unchanged vs 01-2026 03-2026: 0.6%● unchanged vs 02-2026 04-2026: 0.6%● unchanged vs 03-2026 05-2026: 0.6%● unchanged vs 04-2026 06-2026: 0.6%● unchanged vs 05-2026 07-2026: 1.5%▲ +0.9 percentage points vs 06-2026highest value 08-2026: 1.5%● unchanged vs 07-2026highest value 09-2026: 1.5%● unchanged vs 08-2026highest value 10-2026: 1.5%● unchanged vs 09-2026highest value

Credit of up to €420,000 on 30-day terms is acceptable

Liquidity insufficient (current ratio 0.9, compared with 0.89 in 2024, below 1; short-term debt: 39.6% and cash: 0.7% of total assets), and 71.6% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 25, medium-sized): better than 31% on solvency, 30% on liquidity, 41% on profitability and 17% on growth.

The bankruptcy probability was computed on 24-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.

raises riskneutral

Loss of €2.2m (financial year 2025)

NBB · annual accounts

Liquidity: current ratio 0.90, cash €180,397

NBB · annual accounts

Sector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)

KBO

1 of the last 3 late

NBB · filings

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-06-2026, 53 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

53 days early

2024

36 days early

2023

41 days late

2022

69 days early

2021

25 days early

2020

32 days early

2019

31 days early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 29 days before the deadline; the sector median (NACE 25) for financial year 2024 is 8 days before the deadline, and 35% of those companies filed late.

Searched, nothing found (2)

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 June (4 of the last 5 filed years within 33 days of that day).

Companies Code · seven months

Where today falls in the filing period

25-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

08-06-2026 Annual accounts filedfinancial year 2025 · full…
02-01-2026 Resignation: Tigrane DJIERDJIAN (director)Appointment: Djivan DJIERDJIAN (director) ·…
31-12-2025 Weakest financial yearnet -€2.2m

Key points

Caution: From profit to loss in 2025after €182,621 in 2024 -€2.2m View
Caution: Among the weakest 5% on net resultsector median €79,379 · 823 companies -€2.2m View
Controlled by Jean Goldschmidt Internationalultimately: CYBELLE 94.97% View
A director leftlatest change 02-01-2026 · 9 in office 1 left View
EU research moneyEU contribution €4.8m View

By topic

Financials

Financial year: 2025
Turnover: €18.2m
Loss: -€2.2m
Solvency: 28.4%

Turnover▼ 8.9%

Net result

20182025

Go to Financials

Board & ownership

Board: 9 members
Parent: Jean Goldschmidt International · 94.97%
Auditor: BDO Services C.V.B.A.

Jean-Christophe BOGAERTChair
Marc COLLINDirector
SILARDirector
Philippe HenryDirector
SILOXDirector

and 4 other directors

Go to Board & ownership

Network & group

Group: CYBELLE
Holdings: 1
Connected companies: 12

1 holding

Go to Network & group

Timeline

Events: 72
Since: 1987
Next accounts: by 31-07-2027

22-07-2025Appointment: Djivan DJIERDJIAN (director)
25-06-2025Annual accounts filed
10-09-2024Annual accounts filed

Go to Timeline

Company details

Sites: 1

Legal form: Public limited company
Activity: Coating of metalsNACE 25510
Founded: 24-06-1985
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 39

Annual meeting: Second Tuesday of May at 09:00
Purpose: “Le traitement notamment par voir hydro métallurgique de tous métaux et de toutes matières…” (deed in French)

Go to Articles of association

Key facts about HYDROMETAL

What is the company number of HYDROMETAL?: 0427.416.939. In Belgium the VAT number is the company number with BE in front: BE 0427.416.939.
Where is HYDROMETAL based?: The registered office is at Rue du Parc industriel sn, 4480 Engis.Company details
What does HYDROMETAL do?: According to the KBO register, the main activity is coating of metals (NACE 25510).
What is the legal form of HYDROMETAL?: Public limited company (NV).
When was HYDROMETAL founded?: On 24-06-1985.
Is HYDROMETAL still active?: Yes, HYDROMETAL is an active enterprise in the KBO register.
How many employees does HYDROMETAL have?: On average 113.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of HYDROMETAL?: €18.2m in financial year 2025, according to the filed annual accounts.
Is HYDROMETAL profitable?: In financial year 2025, HYDROMETAL made a loss of €2.2m.
Where can I find the annual accounts of HYDROMETAL?: HYDROMETAL filed 40 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of HYDROMETAL due?: By 31-07-2027, for financial year 2026.Timeline