KODDAERT METALEN

Active

Public limited companyfounded 1986active for 40 yearsRingaertstraat 18, 8820 Torhout, BelgiumKBO/BCE: BE 0429.253.407

Summary

KODDAERT METALEN has been active since 1986 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.9m and a net result of €69,142, of which €64,095 non-recurring income. Equity is shrinking by about 6.3% per year across the filed financial years. Its solvency ranks better than 67% of 6,141 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Risk analysisFollow Report Compare

KODDAERT METALENActiveChecked score 82/100

Risk analysis Report Compare

Activity

Wholesale trade

NACE 46820

2nd largest company by total assets in Torhout, Wholesale and retail trade sector1 site

Size

€10.6mturnover 2025

Staff: 11.8 FTE
Equity: €6.9m
Profit: €69,142

Net result -88%: branch of activity transferred

Financial health

82 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.4%

Structure

Parent: DEWADAL · 100%

BV DEWADALDirector

Auditor: CALLENS VANDELANOTTE2025 accounts 38 days early4 of 12 deeds summarised

Why 82raises risk1 change of registered office in 24 monthsLiquidity: current ratio 3.16, cash €32,568lowers riskFounded in 1986Figures for financial year 2025 (filed 23-03-2026)Show the evidence

Checked score

Score 2025

82 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 40% of its sector peers (NACE 46, small)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Average

Solvency 85-4

equity 60.4% of total assets

Liquidity 39-1

short-term debt 28.9% · cash 0.3%

Profitability 40-26

return on assets 0.6%

Bankruptcy probability, 12 months

0.4% Very low

0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (4,374 companies, NACE 46, small)

Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025lowest value 05-2025: 0.1%● unchanged vs 04-2025lowest value 06-2025: 0.1%● unchanged vs 05-2025lowest value 07-2025: 0.1%● unchanged vs 06-2025lowest value 08-2025: 0.1%● unchanged vs 07-2025lowest value 09-2025: 0.1%● unchanged vs 08-2025lowest value 10-2025: 0.2%▲ +0.1 percentage points vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.3%▲ +0.1 percentage points vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.4%▲ +0.1 percentage points vs 03-2026highest value 05-2026: 0.4%● unchanged vs 04-2026highest value 06-2026: 0.4%● unchanged vs 05-2026highest value 07-2026: 0.4%● unchanged vs 06-2026highest value 08-2026: 0.4%● unchanged vs 07-2026highest value 09-2026: 0.4%● unchanged vs 08-2026highest value 10-2026: 0.4%● unchanged vs 09-2026

Credit of up to €550,000 on 30-day terms is acceptable

Liquidity ample (current ratio 3.16, compared with 3.62 in 2024, above the usual 1.5; short-term debt: 28.9% and cash: 0.3% of total assets), and 39.6% 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 46, small): better than 70% on solvency, 42% on liquidity, 25% on profitability and 24% on growth.

The bankruptcy probability was computed on 26-10-2026 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.

lowers riskraises riskneutral

1 change of registered office in 24 months

Belgian Official Gazette

Liquidity: current ratio 3.16, cash €32,568

NBB · annual accounts

Founded in 1986

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Figures for financial year 2025 (filed 23-03-2026)

NBB · annual accounts

Latest accounts filed on time

The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 23-03-2026, 38 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

38 days early

2024

35 days early

2023

134 days early

2022

2 days early

2021

30 days early

2020

10 days early

2019

13 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 37 days before the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 26 March (4 of the last 5 filed years within 33 days of that day).

Companies Code · seven months

Where today falls in the filing period

30-09-2026 year end27-10-2026 today30-04-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

23-03-2026 Annual accounts filedfinancial year 2025 · full…
30-09-2025 Weakest financial yearnet €69,142 ▼88%
15-09-2025 Registered officeRegistered-office move · Power of…

Key points

Result fell in 2025branch of activity transferred to BV DEWADAL ▼ 88.0% View
Positive: 2nd largest company by total assets in Torhout, Wholesale and retail trade…in the Checked rankings No. 2 View
Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
Controlled by DEWADAL 100% View
Positive: 7 profitable years in a rowprofit 2025: €69,142, mostly one-off 7 years View
Branch transferred to BV DEWADALcontribution on 22-01-2024 2024 View

By topic

Financials

Financial year: 2025
Turnover: €10.6m
Profit: €69,142
Solvency: 60.4%

Turnover▼ 6.2%

Net result

20192025

Go to Financials

Board & ownership

Board: 1 member
Parent: DEWADAL · 100%
Auditor: CALLENS VANDELANOTTE

BV DEWADALDirector

Go to Board & ownership

Network & group

Mergers and asset contributions: 1

Go to Network & group

Timeline

Events: 44
Since: 1988
Next accounts: by 30-04-2027

25-07-2025Reappointment: NV Callens Vandelanotte (statutory auditor)
26-03-2025Annual accounts filed
22-01-2024Capital & shares · Resignations & appointments…

Go to Timeline

Company details

Sites: 1

Legal form: Public limited company
Activity: Wholesale tradeNACE 46820
Founded: 27-06-1986
Year ends: 30-09
Peppol: Reachable for e-invoices

Go to Company details

Key facts about KODDAERT METALEN

What is the company number of KODDAERT METALEN?: 0429.253.407. In Belgium the VAT number is the company number with BE in front: BE 0429.253.407.
Where is KODDAERT METALEN based?: The registered office is at Ringaertstraat 18, 8820 Torhout.Company details
What does KODDAERT METALEN do?: According to the KBO register, the main activity is wholesale trade (NACE 46820).
What is the legal form of KODDAERT METALEN?: Public limited company (NV).
When was KODDAERT METALEN founded?: On 27-06-1986.
Is KODDAERT METALEN still active?: Yes, KODDAERT METALEN is an active enterprise in the KBO register.
How many employees does KODDAERT METALEN have?: On average 11.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of KODDAERT METALEN?: €10.6m in financial year 2025, according to the filed annual accounts.
Is KODDAERT METALEN profitable?: In financial year 2025, KODDAERT METALEN made a profit of €69,142.
Where can I find the annual accounts of KODDAERT METALEN?: KODDAERT METALEN filed 38 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of KODDAERT METALEN due?: By 30-04-2027, for financial year 2026.Timeline