IBMETAL
ActiveSummary
The computed 12-month bankruptcy probability of IBMETAL is 1.5% (moderate). The 2024 annual accounts show equity of €21k and a net result of €16k. Equity is growing by ~2.8% per year across the filed fiscal years. Its solvency ranks better than 19% of 2437 sector peers (fiscal year 2024). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability82▲+1
Solvency39▼-61
Growth52▼-13
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity tight (current ratio 1.14 against 5.89 in 2023; short-term debt: 80.4% and cash: 66.9% of total assets), and 85.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six 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
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
14.1%
Return on assets
10.6%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 2437 sector peers (2024).
NBB · sector comparisonPosition among 2437 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-07-2025, 20 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
20 d early
2023
3 d early
2022
45 d early
2021
29 d late
2020
11 d early
2019
4 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€103k▲ 32.8%
2021 · €77k
2018: €94k
2019: €84k▼ -10.9% vs 2018
2020: €77k▼ -8.4% vs 2019lowest in 5 years
2021: €77k▲ +1.1% vs 2020
2022: €103k▲ +32.8% vs 2021highest in 5 years
2018 → 2022
EBIT margin
17.1%▲ 4.4pp
2021 · 12.7%
2018: 16.4%
2019: 7.6%▼ -53.7% vs 2018
2020: -2.6%▼ -135% vs 2019lowest in 5 years
2021: 12.7%▲ +582% vs 2020
2022: 17.1%▲ +34.5% vs 2021highest in 5 years
2018 → 2022
Net result
€16k▲ 17.8%
2023 · €13k
2018: €12k
2019: €4k▼ -69.7% vs 2018
2020: €-2k▼ -154% vs 2019lowest in 7 years
2021: €9k▲ +564% vs 2020
2022: €16k▲ +78.7% vs 2021highest in 7 years
2023: €13k▼ -16.0% vs 2022
2024: €16k▲ +17.8% vs 2023
2018 → 2024
Working capital
€16k▼ 83.8%
2023 · €101k
2018: €73k
2019: €81k▲ +11.4% vs 2018
2020: €83k▲ +2.4% vs 2019
2021: €86k▲ +4.1% vs 2020
2022: €87k▲ +1.1% vs 2021
2023: €101k▲ +15.5% vs 2022highest in 7 years
2024: €16k▼ -83.8% vs 2023lowest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€77k-€77k▲ 1.1%€103k▲ 32.8%
2020: €77klowest in 3 years
2021: €77k▲ +1.1% vs 2020
2022: €103k▲ +32.8% vs 2021highest in 3 years
Equity€83k-€86k▲ 4.1%€92k▲ 6.8%€105k▲ 14.5%€21k▼ 80.2%
2020: €83k
2021: €86k▲ +4.1% vs 2020
2022: €92k▲ +6.8% vs 2021
2023: €105k▲ +14.5% vs 2022highest in 5 years
2024: €21k▼ -80.2% vs 2023lowest in 5 years
Operating result€-2k-€10k€18k▲ 78.6%€18k▲ 1.3%€20k▲ 14.8%
2020: €-2klowest in 5 years
2021: €10k▲ +587% vs 2020
2022: €18k▲ +78.6% vs 2021
2023: €18k▲ +1.3% vs 2022
2024: €20k▲ +14.8% vs 2023highest in 5 years
Net result€-2k-€9k€16k▲ 78.7%€13k▼ 16.0%€16k▲ 17.8%
2020: €-2klowest in 5 years
2021: €9k▲ +564% vs 2020
2022: €16k▲ +78.7% vs 2021highest in 5 years
2023: €13k▼ -16.0% vs 2022
2024: €16k▲ +17.8% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 15% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €148k
Fixed assets
€13k ▼ 27.9%
Current assets
€135k ▲ 11.9%
Equity and liabilities €148k
Equity
€21k ▼ 80.2%
Debt
€127k ▲ 281%
Debt's share of the balance-sheet total rises from 24.1% to 85.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€25k▲
2023 · €23k
Cash flow
€21k▲
2023 · €18k
Current ratio
1.14▼
2023 · 5.89
Debt to equity
6.10▲
2023 · 0.32
ROE
75.1%▲
2023 · 12.6%
ROA
10.6%▲
2023 · 9.6%
Interest coverage
41.93▲
2023 · 29.93
Debt ≤ 1 year
€119k▲
2023 · €21k
Debt > 1 year
€8k▼
2023 · €13k
Income taxes
€4k▲
2023 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 42 lines
Balance sheet
Code20232024
Assets
Total assets20/58€139k€148k▲
Fixed assets21/28€18k€13k▼
Tangible fixed assets22/27€18k€13k▼
Furniture and vehicles24€18k€13k▼
Current assets29/58€121k€135k▲
Amounts receivable within one year40/41€39k€35k▼
Trade receivables40€22k€19k▼
Other amounts receivable41€16k€16k▲
Cash at bank and in hand54/58€81k€99k▲
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€139k€148k▲
Equity10/15€105k€21k▼
Contributions10/11€8k€8k=
Outside capital11€8k€8k=
Other1109/19€8k€8k=
Profit (loss) carried forward14€97k€12k▼
Amounts payable17/49€33k€127k▲
Amounts payable after more than one year17€13k€8k▼
Financial debts170/4€13k€8k▼
Amounts payable within one year42/48€21k€119k▲
Current portion of amounts payable after more than one year42€13k€13k▲
Trade debts44€7k€5k▼
Suppliers440/4€7k€5k▼
Taxes, remuneration and social security45€751€1k▲
Taxes450/3€751€1k▲
Other amounts payable47/48-€100k
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k=
Other operating charges640/8€1k€1k▼
Gross operating margin9900€24k€26k▲
Operating profit (loss)9901€18k€20k▲
Financial income75/76B€342€2▼
Recurring financial income75€342€2▼
Financial charges65/66B€761€606▼
Recurring financial charges65€761€606▼
Profit (loss) for the period before taxes9903€17k€20k▲
Income taxes67/77€4k€4k▲
Profit (loss) for the period9904€13k€16k▲
Profit (loss) for the period to be appropriated9905€13k€16k▲
Appropriation of the result
Profit (loss) to be appropriated9906€97k€112k▲
Profit (loss) brought forward from the previous period14P€84k€97k▲
Profit to be distributed694/7-€100k
Return on contributions (dividend)694-€100k
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €77k | €77k | €103k | - | - | - |
| Non-recurring operating income76A | - | - | €826 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €73k | €89k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | - | €2k | €5k | €5k | = |
| Other operating charges640/8 | - | €600 | €2k | €1k | €1k | ▼ 3.9% |
| Gross operating margin9900 | €3k | €10k | €21k | €24k | €26k | ▲ 10.9% |
| Operating profit (loss)9901 | €-2k | €10k | €18k | €18k | €20k | ▲ 14.8% |
| Financial income75/76B | - | €456 | €503 | €342 | €2 | ▼ 99.5% |
| Recurring financial income75 | €642 | €456 | €503 | €342 | €2 | ▼ 99.5% |
| Financial charges65/66B | - | €256 | €354 | €761 | €606 | ▼ 20.4% |
| Recurring financial charges65 | €262 | €256 | €354 | €761 | €606 | ▼ 20.4% |
| Profit (loss) for the period before taxes9903 | €-2k | €10k | €18k | €17k | €20k | ▲ 14.0% |
| Income taxes67/77 | €264 | €1k | €2k | €4k | €4k | ▲ 2.0% |
| Profit (loss) for the period9904 | €-2k | €9k | €16k | €13k | €16k | ▲ 17.8% |
| Profit (loss) for the period to be appropriated9905 | €-2k | €9k | €16k | €13k | €16k | ▲ 17.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €94k | €101k | €135k | €139k | €148k | ▲ 6.9% |
| Fixed assets21/28 | - | - | €22k | €18k | €13k | ▼ 27.9% |
| Tangible fixed assets22/27 | - | - | €22k | €18k | €13k | ▼ 27.9% |
| Furniture and vehicles24 | - | - | €22k | €18k | €13k | ▼ 27.9% |
| Current assets29/58 | €94k | €101k | €112k | €121k | €135k | ▲ 11.9% |
| Amounts receivable within one year40/41 | €30k | €30k | €29k | €39k | €35k | ▼ 9.9% |
| Trade receivables40 | - | €3k | €8k | €22k | €19k | ▼ 17.0% |
| Other amounts receivable41 | - | €26k | €21k | €16k | €16k | ▲ 0.1% |
| Cash at bank and in hand54/58 | €63k | €69k | €82k | €81k | €99k | ▲ 22.5% |
| Deferred charges and accrued income490/1 | - | €3k | €2k | €1k | €2k | ▲ 4.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €94k | €101k | €135k | €139k | €148k | ▲ 6.9% |
| Equity10/15 | €83k | €86k | €92k | €105k | €21k | ▼ 80.2% |
| Contributions10/11 | €7k | €7k | €7k | €8k | €8k | = |
| Outside capital11 | - | €7k | €7k | €8k | €8k | = |
| Other1109/19 | - | €7k | €7k | €8k | €8k | = |
| Reserves13 | €2k | €2k | €2k | - | - | - |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Legal reserve130 | - | €2k | €2k | - | - | - |
| Profit (loss) carried forward14 | €74k | €78k | €84k | €97k | €12k | ▼ 87.1% |
| Amounts payable17/49 | €11k | €15k | €43k | €33k | €127k | ▲ 281% |
| Amounts payable after more than one year17 | - | - | €18k | €13k | €8k | ▼ 37.0% |
| Financial debts170/4 | - | - | €18k | €13k | €8k | ▼ 37.0% |
| Amounts payable within one year42/48 | €11k | €15k | €25k | €21k | €119k | ▲ 480% |
| Current portion of amounts payable after more than one year42 | - | €8k | €13k | €13k | €13k | ▲ 0.6% |
| Trade debts44 | €3k | €943 | €1k | €7k | €5k | ▼ 27.8% |
| Suppliers440/4 | - | €943 | €1k | €7k | €5k | ▼ 27.8% |
| Taxes, remuneration and social security45 | - | €423 | €1k | €751 | €1k | ▲ 69.7% |
| Taxes450/3 | - | €423 | €1k | €751 | €1k | ▲ 69.7% |
| Other amounts payable47/48 | - | €6k | €10k | - | €100k | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-2k | €9k | €16k | €13k | €16k | ▲ 17.8% |
| + Depreciation and write-downs630 | €4k | - | €2k | €5k | €5k | = |
| Operating cash flow (approximation) | €2k | €9k | €18k | €18k | €21k | ▲ 13.0% |
| Investment in fixed assets (approximation) | - | - | - | €0 | €0 | - |
| Change in cash | - | €6k | €13k | €-1k | €18k | ▲ 1,703% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100kEq €105k ▲14.5%
3 profitable years in a row build equity to €105k.
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €16k ▲78.7%
Net result €16k, the highest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-2k
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
04-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 4 days late
2019
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 24 days late
2017
02-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 2 days late
2016
24-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Anderlecht · 1 establishment unit since 2010
Ground area
4,315 m²
Building footprint
621 m²
Volume, LiDAR
22,743 m³
Parcel 21306C0112/00B000, Brussels · tallest building 40.9 m, ±13 floors. Linked by address, not a title deed.
1 establishment unit
Frans van Kalkenlaan 6/93, 1070 Anderlecht
since 20102.202.776.958
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21306C0112/00B000 | Brussels | 4,315 m² | 1 · 621 m² | 40.9 m · 13 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 981 companies in sector 25401 we hold annual accounts for 407. 228 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-12-2010
Fiscal year end31-12
Activities, NACEBEL 2025
25401Forging of metal
Scores and ratios are computed by Checked and are not a credit decision.