Equity
€860,844 from €2.0m in 2021
Equity fell by 56% in 4 years.
POEDR.
Lifetime
20 annual accounts with figures on one time axis, 38 filings since 1988peak €2.7m (2021)
€1.1m▲ 50.9%
lowest -€372,494 (2022)
-€149,215▲ €216,273
peak €2.0m (2021)
€860,844▼ 14.6%
€4.2m▲ 3.5%
peak 17.1 FTE (2025)
17.1 FTE▲ 17.9%
Board4 names since 2017
2 directorsHADEFIS and 1 other
Owners2 names in the annual accounts
Documentsfilings and deeds
20-07-202611 days before the deadline
2025abbreviated format
Gross margin from €730,189 to €1.1mLoss of €149,215Staff from 14.5 FTE to 17.1 FTEResignation: Arne Goethals (director) 05-11Equity from €1.0m to €860,844
Key points
from the 2025 annual accountsLosses
-€1.1m in four years
Every financial year from 2022 to 2025 closed with a loss. 2022 was the heaviest.
Debts
€4.2m 76% of the balance sheet
Financial debts 60%Suppliers 6%Taxes and wages 2%Other 32%
Of this, €1.9m falls due within a year.
Staff
19 employees on 31-12-2025
In 2025, 11 people joined and 7 left.
Filings
38 annual accounts since 1988
The last five annual accounts were filed 11 to 42 days before the end of the period.
Position in the sector
-€149,215
Lower net result than 95% of companies in fabricated metal products. Sector median €43,813 · 1,245 companies.
Checked score
52
Fair
Financially stronger than 18% of small companies in fabricated metal products (NACE 25)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
1.8% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 748 companies (NACE 25, small).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.4%lowest value
01-2025: 1.4%● unchanged vs 12-2024lowest value
02-2025: 1.4%● unchanged vs 01-2025lowest value
03-2025: 1.4%● unchanged vs 02-2025
04-2025: 1.5%▲ +0.1 percentage points vs 03-2025
05-2025: 1.5%● unchanged vs 04-2025
06-2025: 1.5%● unchanged vs 05-2025
07-2025: 2.0%▲ +0.5 percentage points vs 06-2025
08-2025: 2.0%● unchanged vs 07-2025
09-2025: 2.0%● unchanged vs 08-2025
10-2025: 2.0%● unchanged vs 09-2025
11-2025: 2.0%● unchanged vs 10-2025
12-2025: 2.0%● unchanged vs 11-2025
01-2026: 2.0%● unchanged vs 12-2025
02-2026: 2.0%● unchanged vs 01-2026
03-2026: 2.0%● unchanged vs 02-2026
04-2026: 2.1%▲ +0.1 percentage points vs 03-2026
05-2026: 2.1%● unchanged vs 04-2026
06-2026: 2.2%▲ +0.1 percentage points vs 05-2026highest value
07-2026: 2.2%● unchanged vs 06-2026
08-2026: 1.8%▼ -0.4 percentage points vs 07-2026
09-2026: 1.8%● unchanged vs 08-2026
10-2026: 1.8%● unchanged vs 09-2026
11-2026: 1.8%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Equity €860,844 (15.4% of total assets)
Liquidity: current ratio 0.28, cash €26,256
Sector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
Size: 17.1 FTE, total assets €5.6m
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 25, small). It does better than 13% of them on solvency, 33% on liquidity, 14% on profitability and 14% on growth.
The bankruptcy probability was computed on 08-11-2026 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 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% 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 POEDR. 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 POEDR. itself: 1.8% 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 POEDR.. 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 €40,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.28 (0.35 in 2024), below 1. Short-term debt is 33.3% and cash 0.5% of total assets. 84.6% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
raises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€149,215
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 1245 sector peers (2025).
NBB · sector comparisonPosition among 1245 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 days early
2024
41 days early
2023
34 days early
2022
42 days early
2021
37 days early
2020
17 days early
2019
28 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 30 days before the deadline. In the sector (NACE 25), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
neutral · 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 24 June (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
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- SHAPES IMMO 50%score 87equity €5.2m (2025) · 2024 annual accounts of SHAPES IMMO
- SHAPES METALWORKS 50%score 69equity €7.5m (2025) · 2025 annual accounts of SHAPES METALWORKS
Recent changes
Resignation: Arne Goethals (director)
Director discharge: Arne Goethals · General meeting of 30-09-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0434315322
2 directors appointed, 2 reappointments
Appointments: HADEFIS (director) and LUTHO (director) · Permanent representatives: Haerinck Dirk Geert Karl and WALCARIUS Fritz Aimé · Reappointments: Arne Goethals (class A director) and Sven Goethals (class A director) · General meeting of 25-10-2023 · Gazette deed
Merger: IJZERWERKEN GOETHALS takes over IJZERWERKEN GOETHALS
Company renamed from IJZERWERKEN GOETHALS to POEDR. · Registered office moved from Waregem to Wielsbeke · New registered office: Ooigemstraat 22, 8710 Wielsbeke · General meeting of 08-04-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| POEDR. Wielsbeke | €5.6m | €1.1m | 15.4% | 17.1 |
| Deliconstruct Wingene | €3.5m | €1.4m | 30.6% | 18.1 |
| CD - CONSTRUCTS Roeselare | €3.9m | €0.9m | 6.3% | 12.9 |
| TELLURIA Tongeren-Borgloon | €5.4m | €1.0m | 6.4% | 17.2 |
| NESA Maaseik | €3.6m | €1.3m | 24.8% | 16.8 |
| SA ATELIERS MERSCH Thimister-Clermont | €6.4m | €1.9m | 72.0% | 19.2 |
| O.M.C.T. Scherpenheuvel-Zichem | €5.9m | €2.0m | 52.7% | 19.7 |
These companies have the same main activity as POEDR.: manufacture of metal structures and parts of structures (NACE 25110). They are comparable in size and age: total assets between €3.5m and €6.4m, founded between 1981 and 1997.
Official details
Source: KBO- Status
- Active since 20-05-1988Normal situation
- Activity
- Manufacture of metal structures and parts of structuresNACE 25110and 2 others
- Joint committee
- 209White-collar workers in metal manufacturing · annual accounts 2025
- Establishment unit
- 2.230.929.0318710 Wielsbeke, since 01-05-2014
- Financial year end
- 31 December
- Peppol
- Reachable since 15-10-2025
Annual accounts 2025
- ≈ €1.9mestimated
- €5.6m▼ 0.5%
- Employeeson 31-12-2025
- 19▲ 26.7%
- Filing
- Filed on 20-07-2026, 11 days before the end of the filing period
Insights on POEDR.
POEDR. files the abbreviated format. That format states no turnover. The gross margin rose from €289,970 in 2006 to €1.1m in 2025.
The balance sheet grew most from 2020 to 2022 through fixed assets, financed with long-term debt.
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 POEDR.
- What is the company number of POEDR.?
- The company number of POEDR. is 0434.315.322. The VAT number is the same number with BE in front: BE 0434.315.322.
- Where is POEDR. based?
- The registered office is at Ooigemstraat 22, 8710 Wielsbeke.Company details
- What does POEDR. do?
- According to the KBO register, the main activity is manufacture of metal structures and parts of structures (NACE 25110).
- What is the legal form of POEDR.?
- POEDR. is a private limited company (BV).
- When was POEDR. founded?
- POEDR. was founded on 20-05-1988.
- Is POEDR. still active?
- Yes, POEDR. is an active enterprise in the KBO register.
- How many employees does POEDR. have?
- POEDR. had an average of 17.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does POEDR. fall under?
- In its 2025 annual accounts, POEDR. states joint committee 209 (White-collar workers in metal manufacturing).
- What is the turnover of POEDR.?
- The turnover in financial year 2025 is ≈ €1.9m. This figure is estimated from the gross margin of €1.1m and 1,585 comparable companies of the same size. It probably lies between €1.3m and €3.1m. It is a rough estimate.
- Is POEDR. profitable?
- In financial year 2025, POEDR. made a loss of €149,215.
- Where can I find the annual accounts of POEDR.?
- POEDR. filed 38 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of POEDR. due?
- POEDR. must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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