Skip to content
Checked.be
Complete company report
Generated 13-07-2026
Active BE 0457.561.569Private limited company

METAGLAS

Wingensesteenweg 1A ·8700 Tielt, Belgium· 30 yrs active
Sector: Wholesale trade (46720)
Conclusion Checked

The computed 12-month bankruptcy probability of METAGLAS is 0.6% (low). The 2025 annual accounts show equity of €145k and a net result of €220k. Equity is growing by ~7.4% per year across the filed fiscal years. Its solvency ranks better than 37% of 320 sector peers (fiscal year 2025). The company has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.
Key figures
Equity €145k
Net result €220k
Staff (FTE) 2.8
Better than sector 37%
Snowflake analysis 5 axes · computed by Checked
Health56Profitability100Solvency32Growth78Stability100
73 / 100

Strong profile, led by profitability.

Health 56
Profitability 100
Solvency 32
Growth 78
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
0.6% Low
0%0,5%1,5%4%10%≥25%
Long track record −Multiple establishment units +Higher-failure-rate sector +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
Long-established
Founded in 1996, 30 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2025 · computed
56 / 100 Fair
050100

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

See plans →
Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 05-11-2025 with the NBB · fiscal year 2025 · verkort
€0€100k€200k€300kOperating result 2021: €126k€126kNet result 2021: €97k€97kOperating result 2022: €193k€193kNet result 2022: €146k€146kOperating result 2023: €216k€216kNet result 2023: €165k€165kOperating result 2024: €254k€254kNet result 2024: €190k€190kOperating result 2025: €292k€292kNet result 2025: €220k€220k20212022202320242025
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~7.4%/year over 7 fiscal years, indicative, assuming unchanged policy.
€75k€100k€125k€150k€175k2026: €144k (€132k - €155k)2027: €154k (€143k - €166k)2028: €166k (€154k - €178k)2019: €90k2020: €93k2021: €100k2022: €106k2023: €114k2024: €125k2025: €145k2019202020212022202320242025202620272028
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2025 · NACE 46, Wholesale trade · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency 23.9% 35.1%
better than 37% of 320 sector peers
Net result €220k €44k
better than 79% of 320 sector peers
Equity €145k €275k
better than 36% of 320 sector peers
Gross operating margin €465k €237k
better than 70% of 319 sector peers
Staff costs €128k €170k
higher than 37% of 201 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€331k
+14.3% far above sector median
Net profit
€220k
+15.4% far above sector median
Cash flow
€258k
+14.0% far above sector median
Total assets
€608k
+3.2% -62% vs sector
Equity
€145k
+16.7% -81% vs sector
Working capital
€-40k
+18.5% far below sector median
Employees (FTE)
3
+47.4% -7% vs sector
Staff costs
€128k
+43.0% -69% vs sector
Income taxes
€72k
+15.8% far above sector median
Dividends
€199k
+10.4% far above sector median
Debt
€463k
-0.4% -28% vs sector
Debt ≤ 1y
€363k
+10.9% -42% vs sector
Debt > 1y
€99k
-27.4% +105% vs sector
Current ratio
0.89
+4.7% -61% vs sector
Quick ratio
0.82
+5.5% +12% vs sector
Solvency
23.9%
+13.0% -56% vs sector
Debt / equity
3.18
-14.6% +283% vs sector
ROE
151.0%
-1.1% far above sector median
ROA
36.1%
+11.8% far above sector median
Interest coverage
77.15
+12.5% far above sector median
Figures by fiscal year
Fiscal year2025
Revenue-
EBITDA€331k
Net profit€220k
Cash flow€258k
Staff costs€128k
Income taxes€72k
Dividends€199k
Total assets€608k
Equity€145k
Debt€463k
of which ≤ 1y€363k
of which > 1y€99k
Working capital€-40k
Employees (FTE)2.8
Ratios (computed)
2025
Current ratio0.89
Quick ratio0.82
Working capital ratio-6.6%
Solvency23.9%
Debt / equity3.18
Long-term debt ratio0.68
Interest coverage77.15
Gross margin-
Net margin-
ROA36.1%
ROE151.0%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet, Assets
TOTAL ASSETS 20/58€608k
Fixed assets 21/28€285k
Tangible fixed assets 22/27€285k
Financial fixed assets 28€0
Current assets 29/58€323k
Stocks & contracts in progress 3€26k
Amounts receivable within one year 40/41€157k
Investments 50/53€41k
Cash & bank 54/58€92k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€608k
Equity 10/15€145k
Contributions / capital 10/11€19k
Reserves 13€127k
Accumulated profits (losses) 14€0
Amounts payable 17/49€463k
Amounts payable after one year 17€99k
Amounts payable within one year 42/48€363k
Trade debts payable within one year 44€43k
Income statement
Gross operating margin 9900€465k
Operating result 9901€292k
Financial income 75€3k
Financial charges 65€4k
Result before taxes 9903€291k
Income taxes 67/77€72k
Net result for the period 9904€220k
Result to be appropriated 9905€220k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary Wholesale trade(46720)
Legal form Private limited company(610)
Incorporation26-03-1996
StatusActive
Postal code8700
Establishment units 2 locations
METAGLAS
Wingensesteenweg 1A, 8700 Tieltde handel in nieuwe en gebruikte aanhangwagens en opleggers
since 19962.076.452.472
METAGLAS
Bieststraat 130, 8790 WaregemVervoer van goederen over water, al dan niet volgens een dienstregeling
since 20032.165.612.201
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34452B0633/00C000 Flanders 4,378 m² 1 · 1,246 m² -
37015B0761/00K002 Flanders 886 m² 1 · 254 m² 7.9 m · 1 fl.
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.
Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
05-11-2025
NBB filing Annual accounts filed
fiscal year 2025 · verkort
2024
06-11-2024
NBB filing Annual accounts filed
fiscal year 2024 · verkort
2023
10-11-2023
NBB filing Annual accounts filed
fiscal year 2023 · micro
26-06-2023
State Gazette act Capital & shares
Bart Cluyse
2022
04-11-2022
NBB filing Annual accounts filed
fiscal year 2022 · micro
2021
03-11-2021
NBB filing Annual accounts filed
fiscal year 2021 · micro
2020
30-11-2020
NBB filing Annual accounts filed
fiscal year 2020 · micro
2019
30-10-2019
NBB filing Annual accounts filed
fiscal year 2019 · micro
2018
31-10-2018
NBB filing Annual accounts filed
fiscal year 2018 · micro
2017
31-10-2017
NBB filing Annual accounts filed
fiscal year 2017 · micro
2016
28-10-2016
NBB filing Annual accounts filed
fiscal year 2016 · verkort
Belgisch Staatsblad, acts 1 acts
Capital history · 1
26-06-2023
Capital change
All acts · 1 updated 3 years ago
2023
26-06-2023 Capital increase Capital & shares·Bart Cluyse
  • Inbreng in geld · Apport en numéraire
Notary: Bart Cluyse · Pittem
Technical details 
{
  "events": [
    {
      "kind": "capital_increase",
      "after_eur": null,
      "delta_eur": null,
      "before_eur": null,
      "share_emission": {
        "agio_eur": null,
        "share_form": "no_nominal_value",
        "share_class": null,
        "n_new_shares": 7500,
        "with_new_shares": true,
        "nominal_value_eur": null,
        "issue_price_per_share_eur": null
      },
      "decrease_purpose": null,
      "contribution_type": "geld",
      "paid_up_delta_eur": null,
      "n_shares_destroyed": null,
      "not_yet_called_eur": null,
      "merger_new_shares_n": null,
      "merger_exchange_ratio": null,
      "distribution_amount_eur": null,
      "statutory_unavailable_equity_op": null
    },
    {
      "kind": "share_split",
      "after_eur": null,
      "delta_eur": null,
      "before_eur": null,
      "share_emission": {
        "agio_eur": null,
        "share_form": "no_nominal_value",
        "share_class": null,
        "n_new_shares": null,
        "with_new_shares": true,
        "nominal_value_eur": null,
        "issue_price_per_share_eur": null
      },
      "decrease_purpose": null,
      "contribution_type": null,
      "paid_up_delta_eur": null,
      "n_shares_destroyed": null,
      "not_yet_called_eur": null,
      "merger_new_shares_n": null,
      "merger_exchange_ratio": null,
      "distribution_amount_eur": null,
      "statutory_unavailable_equity_op": null
    }
  ],
  "notary": {
    "name": "Bart Cluyse",
    "firm_city": null,
    "firm_name": null,
    "office_city": "Pittem",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2023-06-26",
    "filing_date": "2023-06-22",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decision": {
    "body": "buitengewone_algemene_vergadering",
    "act_date": "2023-06-16",
    "unanimous": true,
    "under_authorized_capital": true,
    "underlying_resolution_date": "2023-06-16"
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0457.561.569",
    "name_full": "METAGLAS",
    "legal_form": "B.V.",
    "is_foreign_registered": false
  },
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
    "org_name": null,
    "person_name": null,
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [
    "uitgifte van de akte",
    "geco\u00F6rdineerde tekst van de statuten"
  ],
  "shareholders_after": [],
  "share_classes_after": []
}
Credit advice verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
AI due-diligence brief Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

Coming soon
AI-generated from Checked data; indicative, not legal or investment advice.
Company registry (CBE) Crossroads Bank
Activities
Reparatie en montage van specifieke auto-onderdelen45203Handelsbemiddeling en groothandel in onderdelen en accessoires van motorvoertuigen45310Groothandel in delen en toebehoren van motorvoertuigen46720Onderhoud en reparatie van auto's50200Groothandel in onderdelen en accessoires van auto's50301Reparatie en montage van specifieke auto-onderdelen95313Detailhandel in onderdelen en accessoires van motorvoertuigen45320Detailhandel in onderdelen en accessoires van motorvoertuigen47820Kleinhandel in onderdelen en accessoires van auto's50302
Primary activity highlighted.
Names & trade names
Legal nameNL METAGLAS
Registered office
Wingensesteenweg 1A
8700 Tielt, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
Similar companies Same NACE
IRON SALE EUROPE BE 0439.157.897 · Huy
J. Vandevelde BE 0433.701.054 · Bonheiden
KW Parts BE 0453.881.311 · Kortrijk
Garage Romain BE 0417.056.349 · Ukkel
ELOY & BECKER BE 0457.242.459 · Liège
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative