LD METAL
ActiveLD METAL has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €754k and a net result of €31k. Equity is growing by ~16.7% per year across the filed fiscal years. Its solvency ranks better than 51% of 1027 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
76
/ 100
Excellent▼ -3 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability21▼-25
Solvency92▲+4
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity ample (current ratio 2.56 against 2.31 in 2024), but 53.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
46.8%
Return on assets
1.9%
Age of the figures
9 mo
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
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-08-2026, 11 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
11 d late
2024
9 d early
2023
34 d early
2022
33 d early
2021
31 d early
2020
30 d early
2019
30 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€31k▼ 56.2%
2024 · €71k
2018: €41k
2019: €92k
2020: €79k
2021: €43k
2022: €136k
2023: €80k
2024: €71k
2018 → 2025
Working capital
€420k▲ 0.3%
2024 · €419k
2018: €99k
2019: €161k
2020: €229k
2021: €241k
2022: €293k
2023: €361k
2024: €419k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€467k-€603k▲ 29.2%€660k▲ 9.5%€764k▲ 15.7%€754k▼ 1.3%
Operating result€36k-€165k▲ 363%€124k▼ 24.8%€82k▼ 33.4%€27k▼ 67.3%
Net result€43k-€136k▲ 218%€80k▼ 41.3%€71k▼ 11.3%€31k▼ 56.2%
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 67% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.61M
Fixed assets
€921k▼ 10.6%
Current assets
€690k▼ 6.6%
Equity and liabilities €1.61M
Equity
€754k▼ 1.3%
Debt
€857k▼ 14.8%
The debt ratio falls from 56.9% to 53.2%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€141k▼
2024 · €193k
Cash flow
€145k▼
2024 · €182k
Solvency
46.8%▲
2024 · 43.1%
Current ratio
2.56▲
2024 · 2.31
Quick ratio
2.37▲
2024 · 2.19
Debt / equity
1.14▼
2024 · 1.32
ROE
4.1%▼
2024 · 9.3%
ROA
1.9%▼
2024 · 4.0%
Interest coverage
10.36▼
2024 · 11.09
Debt
€857k▼
2024 · €1.01M
Debt ≤ 1 year
€270k▼
2024 · €320k
Debt > 1 year
€587k▼
2024 · €686k
Income taxes
€12k▼
2024 · €23k
Staff costs
€471k▲
2024 · €406k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.77M€1.61M▼
Fixed assets21/28€1.03M€921k▼
Tangible fixed assets22/27€1.03M€921k▼
Land and buildings22€634k€599k▼
Plant, machinery and equipment23€308k€260k▼
Furniture and vehicles24€88k€62k▼
Financial fixed assets28€262€262=
Current assets29/58€739k€690k▼
Stocks and contracts in progress3€39k€51k▲
Stocks30/36€39k€36k▼
Contracts in progress37-€16k
Amounts receivable within one year40/41€86k€111k▲
Trade receivables40€84k€50k▼
Other amounts receivable41€2k€60k▲
Cash at bank and in hand54/58€596k€510k▼
Deferred charges and accrued income490/1€18k€18k▼
Equity and liabilities
Total equity and liabilities10/49€1.77M€1.61M▼
Equity10/15€764k€754k▼
Contributions10/11€35k€35k=
Reserves13€350k€361k▲
Distributable reserves133€350k€361k▲
Profit (loss) carried forward14€295k€295k=
Investment grants15€83k€62k▼
Amounts payable17/49€1.01M€857k▼
Amounts payable after more than one year17€686k€587k▼
Financial debts170/4€686k€587k▼
Amounts payable within one year42/48€320k€270k▼
Current portion of amounts payable after more than one year42€98k€99k▲
Trade debts44€19k€43k▲
Suppliers440/4€19k€43k▲
Advances received on contracts in progress46€78k€59k▼
Taxes, remuneration and social security45€81k€59k▼
Taxes450/3€40k€26k▼
Remuneration and social security454/9€40k€33k▼
Other amounts payable47/48€45k€10k▼
Accrued charges and deferred income492/3€137€207▲
Income statement
Code20242025
Non-recurring operating income76A€16k€207▼
Remuneration, social security and pensions62€406k€471k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€111k€114k▲
Other operating charges640/8€9k€2k▼
Gross operating margin9900€609k€615k▲
Operating profit (loss)9901€82k€27k▼
Financial income75/76B€29k€29k▲
Recurring financial income75€29k€29k▲
Financial charges65/66B€17k€14k▼
Recurring financial charges65€17k€14k▼
Profit (loss) for the period before taxes9903€94k€43k▼
Income taxes67/77€23k€12k▼
Profit (loss) for the period9904€71k€31k▼
Profit (loss) for the period to be appropriated9905€71k€31k▼
Appropriation of the result
Profit (loss) to be appropriated9906€366k€326k▼
Profit (loss) brought forward from the previous period14P€295k€295k=
Transfer from equity791/2€20k€20k=
Transfer to equity691/2€71k€31k▼
To other reserves6921€71k€31k▼
Profit to be distributed694/7€20k€20k=
Return on contributions (dividend)694€20k€20k=
Social balance
Average headcount (FTE)908710.210.1▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 11 days late
2025
31-12
Financial
Weakest financial yearnet €31k ▼56.2%
Net result drops to €31k, the lowest in the series.
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €136k ▲218%
Operating result €165k, net result €136k, both a record.
31-12
Financial
Equity above €500kEq €603k ▲29.2%
5 profitable years in a row build equity to €603k.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Bertrix · 1 establishment unit since 2012
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue d'Outrouge 86880 BertrixGround area
7,631 m²
Building footprint
1,734 m²
Volume, LiDAR
5,281 m³
2 parcels, Wallonia · tallest building 9.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
LD METAL
since 20122.214.428.737
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 84009C0847/00M006 | Wallonia | 3,962 m² | 1 · 934 m² | 9.3 m · 3 fl. |
| 84009C0847/00P005 | Wallonia | 3,670 m² | 1 · 800 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
1 categoryLD METAL SRL45060
Similar companies · same sector, comparable size
Egide DEPECKER
BE 0441.990.792
Aywaille · Eq €759k
TIELEMAN MONTAGE
BE 0476.904.062
Aalter · Eq €760k
Viewbox International
BE 0753.562.910
Nivelles · Eq €761k
BERVOETS
BE 0451.882.913
Tessenderlo-Ham · Eq €747k
ISOCROBEL
BE 0643.780.189
Wijnegem · Eq €746k
Of 3,964 companies in sector 25110 we hold annual accounts for 2,132. 1,436 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-11-2012
Fiscal year end31-12
Activities, NACEBEL
25110Manufacture of metal structures and parts of structures
25530Machining of metals
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.ldmetal.be
E-mail:info@ldmetal.be