Metaalwerken Commeyne

Active

Private limited companyfounded 20197 yrs activeKarrestraat 24, 8560 Wevelgem, BelgiumKBO/BCE: BE 0732.796.101

The computed 12-month bankruptcy probability of Metaalwerken Commeyne is 1.6% (moderate). The 2025 annual accounts show equity of €137k and a net result of €26k. Equity is growing by ~49.5% per year across the filed fiscal years. Its solvency ranks better than 15% of 1899 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

50 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability59▼-25

Solvency36▼-4

Growth78=

Track record100

Bankruptcy probability, 12 months

1.6% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €6k at 30 days acceptable

Liquidity tight (current ratio 1.26 against 1.59 in 2024; short-term debt: 32.9% and cash: 3.1% of total assets), and 89.4% of the assets are financed with debt.

How do we compute the score and the probability?

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

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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 →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

10.6%

Return on assets

Age of the figures

15 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 1899 sector peers (2025).

NBB · sector comparison

Position among 1899 sector peers

Solvency

better than 15%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 27-01-2026, 4 days ahead of the deadline.

NBB · 3 filings

Deviation from the deadline

2025

4 d early

2024

73 d early

2023

19 d early

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

30-06-2026 close20-09-2026 today31-01-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€137k▲ 19.6%

2024 · €115k

2023: €24k 2024: €115k

2023 → 2025

Total assets

€1.29M▲ 71.9%

2024 · €753k

2023: €727k 2024: €753k

2023 → 2025

Net result

€26k▼ 72.2%

2024 · €93k

2023: €3k 2024: €93k

2023 → 2025

Working capital

€112k▲ 75.1%

2024 · €64k

2023: €-12k 2024: €64k

2023 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202320242025Trend

Equity€24k-€115k▲ 383%€137k▲ 19.6%

Operating result€18k-€111k▲ 513%€58k▼ 48.3%

Net result€3k-€93k▲ 2,616%€26k▼ 72.2%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2025; 2025 is 48% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €1.29M

58.5%

41.5%

Fixed assets €757k▲ 30.3%

Current assets €538k▲ 212%

Equity and liabilities €1.29M

11%

89.4%

Equity €137k▲ 19.6%

Debt €1.16M▲ 81.3%

The debt ratio rises from 84.7% to 89.4%. Equity and debt are higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€144k▼

2024 · €179k

Cash flow

€112k▼

2024 · €161k

Solvency

10.6%▼

2024 · 15.3%

Current ratio

1.26▼

2024 · 1.59

Quick ratio

1.09▲

2024 · 1.08

Debt / equity

8.42▲

2024 · 5.56

ROE

18.7%▼

2024 · 80.7%

ROA

2.0%▼

2024 · 12.3%

Interest coverage

4.49▼

2024 · 9.56

Debt

€1.16M▲

2024 · €638k

Debt ≤ 1 year

€426k▲

2024 · €108k

Debt > 1 year

€731k▲

2024 · €530k

Staff costs

€131k▲

2024 · €31k

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€753k€1.29M▲

Fixed assets21/28€581k€757k▲

Tangible fixed assets22/27€581k€757k▲

Land and buildings22€325k€313k▼

Plant, machinery and equipment23€236k€305k▲

Furniture and vehicles24€20k€24k▲

Leasing and similar rights25-€115k

Current assets29/58€172k€538k▲

Stocks and contracts in progress3€55k€75k▲

Stocks30/36€55k€75k▲

Contracts in progress37€0-

Amounts receivable within one year40/41€97k€416k▲

Trade receivables40€90k€113k▲

Other amounts receivable41€7k€303k▲

Cash at bank and in hand54/58€15k€40k▲

Deferred charges and accrued income490/1€5k€7k▲

Equity and liabilities

Total equity and liabilities10/49€753k€1.29M▲

Equity10/15€115k€137k▲

Contributions10/11€1k€1k=

Reserves13€114k€136k▲

Distributable reserves133€114k€136k▲

Profit (loss) carried forward14€0€0=

Amounts payable17/49€638k€1.16M▲

Amounts payable after more than one year17€530k€731k▲

Financial debts170/4€484k€674k▲

Other amounts payable178/9€46k€57k▲

Amounts payable within one year42/48€108k€426k▲

Current portion of amounts payable after more than one year42€48k€82k▲

Financial debts43€0€250k▲

Credit institutions430/8€0€250k▲

Trade debts44€52k€79k▲

Suppliers440/4€52k€79k▲

Advances received on contracts in progress46-€1k

Taxes, remuneration and social security45€7k€11k▲

Taxes450/3€2k€2k=

Remuneration and social security454/9€4k€9k▲

Other amounts payable47/48€2k€3k▲

Income statement Code20242025

Remuneration, social security and pensions62€31k€131k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€68k€86k▲

Other operating charges640/8€3k€4k▲

Gross operating margin9900€213k€279k▲

Operating profit (loss)9901€111k€58k▼

Financial income75/76B€235€208▼

Recurring financial income75€235€208▼

Financial charges65/66B€19k€32k▲

Recurring financial charges65€19k€32k▲

Profit (loss) for the period before taxes9903€93k€26k▼

Profit (loss) for the period9904€93k€26k▼

Profit (loss) for the period to be appropriated9905€93k€26k▼

Appropriation of the result

Profit (loss) to be appropriated9906€93k€26k▼

Transfer to equity691/2€91k€23k▼

To other reserves6921€91k€23k▼

Profit to be distributed694/7€2k€3k▲

Return on contributions (dividend)694€2k€3k▲

The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 6Financial 2Gazette 1Filings 3

Next filing, fiscal year 2026, expected by 31-01-2027

2026

23-03

State Gazette act Resignations & appointments

General meeting · Director appointment2 facts ▸

General meeting, 03/03/2026
Director appointment, Ruth SIERENS (bestuurder)

27-01

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2024

19-11

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

30-06

Financial Highest result since 2023net €93k ▲2616%

Operating result €111k, net result €93k, both a record.

30-06

Financial Equity above €100kEq €115k ▲383%

2 profitable years in a row build equity to €115k.

12-01

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 director, no change since 2026

Ruth SIERENS

Director · since 01-01-2026

Current

01-01-2026 Appointed as Director

Location & real-estate footprint

Registered office, Wevelgem · 1 establishment unit since 2019

establishment The establishment unit on the map

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.

Karrestraat 248560 Wevelgem

Ground area

1.0 ha

Building footprint

1.2 ha

Volume, LiDAR

74,859 m³

2 parcels, Flanders · tallest building 17.3 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

Metaalwerken Commeyne

Nieuwstraat 146, 8560 WevelgemManufacture of metal structures and parts of structures

since 20192.292.664.086

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
34302B1206/00A000	Flanders	9,304 m²	1 · 1.2 ha	17.3 m · 2 fl.
34029B1316/00T005	Flanders	737 m²	1 · 116 m²	10.3 m · 2 fl.

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.

Public money · subsidies and aid

Flemish government

2023 to 2025 · 7 entries · 20,718 EUR awarded · 20,663 EUR paid

Year	Entries	awarded	paid
2025	3	74 EUR	17,029 EUR
2024	3	19,140 EUR	2,524 EUR
2023	1	1,504 EUR	1,110 EUR

Schemes

Ecologiepremie+

3 entries · 16,955 EUR · 16,955 EUR paid · Fonds voor Innoveren en Ondernemen

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

3 entries · 2,911 EUR · 2,856 EUR paid · Fonds voor Innoveren en Ondernemen

Vlaams opleidingsverlof (VOV)

1 entry · 852 EUR · 852 EUR paid · Departement Werk en Sociale Economie

Similar companies · same sector, comparable size

METAALCONSTRUCTIE VANDERSCHEUREN

Constructie Platteeuw

Of 3,986 companies in sector 25110 we hold annual accounts for 2,147. 1,656 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded22-08-2019

Fiscal year end30-06

Activities, NACEBEL

25110Manufacture of metal structures and parts of structures

25120Manufacture of fabricated metal products, except machinery and equipment

33110Repair and maintenance of fabricated metal products

43120Site preparation

46872Wholesale trade

82990Other business support services

Sources

Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers

Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.