KORMETAL

Active

Public limited companyfounded 1976active for 50 yearsGustave Fachedreef(L) 1, 7700 Mouscron, Belgium81 active companies are registered at this addressKBO/BCE: BE 0416.429.116

Summary

KORMETAL has been active since 1976 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.4m and a net result of €482,092. Equity is shrinking by about 3.4% per year across the filed financial years. Its solvency ranks better than 63% of 144 sector peers (NACE 24, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysisFollow Report Compare

KORMETALActiveChecked score 93/100

Risk analysis Report Compare

Activity

Manufacture of basic metals

NACE 24100Manufacture of metal structures and parts of structures NACE 25110

5th oldest company in Hainaut, Basic metals sector1 site

Size

€3.9mtotal assets 2025

Staff: 30.2 FTE
Equity: €2.4m
Profit: €482,092

Financial health

93 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.2%

Structure

Parent: MECOBEN · 100%

MecobenManaging director · permanent representative BAYART Benoit Paul Georges
SCHURMANS Beatrijs Maria IrenaDirector

2025 accounts 1 day early1 of 7 deeds summarised

Why 93raises riskSector: Manufacture of basic metals (NACE 24)Liquidity: current ratio 2.47, cash €203,029lowers riskEquity €2.4m (60.7% of total assets)Profit of €482,092 (financial year 2025)Show the evidence

Checked score

Score 2025

93 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 71% of its sector peers (NACE 24, small)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Strong

Solvency 86+7

equity 60.7% of total assets

Liquidity 40+4

short-term debt 36.1% · cash 5.2%

Profitability 84-10

return on assets 12.3%

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (74 companies, NACE 24, small)

Last 24 months 11-2024: 0.3% 12-2024: 0.3%● unchanged vs 11-2024 01-2025: 0.3%● unchanged vs 12-2024 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.4%▲ +0.1 percentage points vs 05-2025 07-2025: 0.5%▲ +0.1 percentage points vs 06-2025highest value 08-2025: 0.2%▼ -0.3 percentage points vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.3%▲ +0.1 percentage points vs 06-2026 08-2026: 0.2%▼ -0.1 percentage points vs 07-2026lowest value 09-2026: 0.2%● unchanged vs 08-2026lowest value 10-2026: 0.2%● unchanged vs 09-2026lowest value

Credit of up to €220,000 on 30-day terms is acceptable

Liquidity ample (current ratio 2.47, compared with 2.25 in 2024, above the usual 1.5; short-term debt: 36.1% and cash: 5.2% of total assets), and 39.3% 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 24, small): better than 68% on solvency, 39% on liquidity, 86% on profitability and 90% on growth.

The bankruptcy probability was computed on 23-10-2026 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

Six signals.

lowers riskraises riskneutral

Equity €2.4m (60.7% of total assets)

NBB · annual accounts

Sector: Manufacture of basic metals (NACE 24)

KBO

Liquidity: current ratio 2.47, cash €203,029

NBB · annual accounts

Profit of €482,092 (financial year 2025)

NBB · annual accounts

Growing equity

Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.

NBB · annual accounts 2025

Equity per financial year

1819202122232425

2018 to 2025 · latest year €2.4m

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

1 day early

2024

1 day early

2023

on the day

2022

11 days early

2021

2 days early

2020

2 days early

2019

1 day 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 3 days before the deadline; the sector median (NACE 24) for financial year 2024 is 15 days before the deadline, and 29% 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 30 July (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

24-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

30-07-2026 Annual accounts filedfinancial year 2025 · full…
31-12-2025 Equity above €2mequity €2.4m ▲25.4%
30-07-2025 Annual accounts filedfinancial year 2024 · abbreviated…

Key points

Positive: 5th oldest company in Hainaut, Basic metals sectorin the Checked rankings No. 5 View
Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
Positive: 8 profitable years in a rowprofit 2025: €482,092 8 years View
Controlled by MECOBEN 100% View
Caution: Result fell in 2025from €701,032 to €482,092 ▼ 31.2% View
Active since 1976founded 29-09-1976 50 years View

By topic

Financials

Financial year: 2025
Total assets: €3.9m
Profit: €482,092
Solvency: 60.7%

Total assets▲ 11.4%

Net result

20182025

Go to Financials

Board & ownership

Board: 2 members
Parent: MECOBEN · 100%

MecobenManaging director
SCHURMANS Beatrijs Maria IrenaDirector

Go to Board & ownership

Timeline

Events: 52
Since: 1978
Next accounts: by 31-07-2027

31-12-2024Highest result from 2018 to 2025
31-07-2024Annual accounts filed
31-12-2023Equity above €1m

Go to Timeline

Company details

Sites: 1

Legal form: Public limited company
Activity: Manufacture of basic metalsNACE 24100
Founded: 29-09-1976
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 46

Annual meeting: First Saturday of June at 11:00
Purpose: “1. La fabrication de toutes constructions métalliques, ainsi que la vente et le montage de…” (deed in French)

Go to Articles of association

Key facts about KORMETAL

What is the company number of KORMETAL?: 0416.429.116. In Belgium the VAT number is the company number with BE in front: BE 0416.429.116.
Where is KORMETAL based?: The registered office is at Gustave Fachedreef(L) 1, 7700 Mouscron.Company details
What does KORMETAL do?: According to the KBO register, the main activity is manufacture of basic metals (NACE 24100).
What is the legal form of KORMETAL?: Public limited company (NV).
When was KORMETAL founded?: On 29-09-1976.
Is KORMETAL still active?: Yes, KORMETAL is an active enterprise in the KBO register.
How many employees does KORMETAL have?: On average 30.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of KORMETAL?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is KORMETAL profitable?: In financial year 2025, KORMETAL made a profit of €482,092.
Where can I find the annual accounts of KORMETAL?: KORMETAL filed 48 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of KORMETAL due?: By 31-07-2027, for financial year 2026.Timeline