METAL QUARTZ

Active

Public limited companyfounded 200025 yrs activeRue de la Verte Reine(PER) 15, 7600 Péruwelz, BelgiumKBO/BCE: BE 0473.062.169

METAL QUARTZ has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.08M and a net result of €492k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 18% of 760 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).

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Checked score

Score 2024

57 / 100

Fair

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

Axes · tick = 2023

Profitability79▲+9

Solvency42▲+7

Growth78=

Track record100

Bankruptcy probability, 12 months

0.5% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €60k at 30 days acceptable

Liquidity short (current ratio 0.8 against 0.72 in 2023; short-term debt: 73.8% and cash: 0.5% of total assets), and 82.9% 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

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

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 →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Annual accounts: healthy financial profile

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

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

17.1%

Return on assets

7.8%

Age of the figures

21 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 760 sector peers (2024).

NBB · sector comparison

Position among 760 sector peers

Solvency

better than 18%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-05-2025, 87 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

87 d early

2023

120 d late

2022

6 d early

2021

11 d early

2020

46 d early

2019

25 d early

← before the deadline after the 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 2024, full schema

Source amounts without an identifiable currency are assumed to be EUR.

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€492k▲ 1,218%

2023 · €37k

2018: €-402k 2019: €-402k 2020: €-336k 2021: €533k 2023: €37k

2018 → 2024

Working capital

€-908k▲ 26.1%

2023 · €-1.23M

2018: €-1.74M 2019: €-1.82M 2020: €-1.82M 2021: €-586k 2023: €-1.23M

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20192020202120232024Trend

Equity€-440k-€-440k=€708k€588k▼ 16.9%€1.08M▲ 83.7%

Operating result€-411k-€-338k▲ 17.7%€557k€103k▼ 81.5%€647k▲ 527%

Net result€-402k-€-336k▲ 16.5%€533k€37k▼ 93.0%€492k▲ 1,218%

Result per fiscal year

Operating resultNet result

The operating result rises in 2024; 2024 is 527% above 2023 and is the highest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €5.79M

35.4%

64.6%

Fixed assets €2.05M▲ 15.5%

Current assets €3.74M▲ 18.4%

Equity and liabilities €6.30M

17.1%

82.9%

Equity €1.08M▲ 83.7%

Debt €5.22M▲ 3.6%

The debt ratio falls from 89.5% to 82.9%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€1.09M▲

2023 · €532k

Cash flow

€933k▲

2023 · €466k

Solvency

17.1%▲

2023 · 10.5%

Current ratio

0.80▲

2023 · 0.72

Quick ratio

0.55▲

2023 · 0.46

Debt / equity

4.83▼

2023 · 8.57

ROE

45.6%▲

2023 · 6.3%

ROA

7.8%▲

2023 · 0.7%

Interest coverage

16.35▲

2023 · 8.48

Debt

€5.22M▲

2023 · €5.04M

Debt ≤ 1 year

€4.65M▲

2023 · €4.39M

Debt > 1 year

€475k▼

2023 · €606k

Income taxes

€93k▲

2023 · €6k

Staff costs

€2.28M▲

2023 · €1.93M

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€5.63M€6.30M▲

Formation expenses20€694k€509k▼

Fixed assets21/28€1.77M€2.05M▲

Intangible fixed assets21€102k€423k▲

Tangible fixed assets22/27€1.67M€1.63M▼

Plant, machinery and equipment23€318k€342k▲

Furniture and vehicles24€17k€20k▲

Leasing and similar rights25€599k€522k▼

Other tangible fixed assets26€278k€246k▼

Assets under construction and advance payments27€461k€497k▲

Current assets29/58€3.16M€3.74M▲

Stocks and contracts in progress3€1.13M€1.19M▲

Stocks30/36€1.13M€1.19M▲

Contracts in progress37€0-

Amounts receivable within one year40/41€1.94M€2.49M▲

Trade receivables40€1.81M€2.30M▲

Other amounts receivable41€129k€189k▲

Cash at bank and in hand54/58€75k€30k▼

Deferred charges and accrued income490/1€16k€34k▲

Equity and liabilities

Total equity and liabilities10/49€5.63M€6.30M▲

Equity10/15€588k€1.08M▲

Contributions10/11€565k€565k=

Capital10€565k€565k=

Issued capital100€565k€565k=

Reserves13€23k€515k▲

Non-distributable reserves130/1€7k€32k▲

Legal reserve130€7k€32k▲

Distributable reserves133€16k€484k▲

Profit (loss) carried forward14€0-

Amounts payable17/49€5.04M€5.22M▲

Amounts payable after more than one year17€606k€475k▼

Financial debts170/4€606k€475k▼

Amounts payable within one year42/48€4.39M€4.65M▲

Current portion of amounts payable after more than one year42€152k€131k▼

Financial debts43€0-

Credit institutions430/8€0-

Trade debts44€1.56M€1.40M▼

Suppliers440/4€1.56M€1.40M▼

Advances received on contracts in progress46€351k€622k▲

Taxes, remuneration and social security45€265k€384k▲

Taxes450/3€58k€146k▲

Remuneration and social security454/9€207k€238k▲

Other amounts payable47/48€2.06M€2.11M▲

Accrued charges and deferred income492/3€46k€95k▲

Income statement Code20232024

Non-recurring operating income76A-€136

Remuneration, social security and pensions62€1.93M€2.28M▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€429k€441k▲

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0€-22k▼

Other operating charges640/8€43k€30k▼

Operating charges capitalised as restructuring costs649€0-

Gross operating margin9900€2.51M€3.38M▲

Operating profit (loss)9901€103k€647k▲

Financial income75/76B€2k€5k▲

Recurring financial income75€2k€5k▲

Financial charges65/66B€63k€67k▲

Recurring financial charges65€63k€67k▲

Profit (loss) for the period before taxes9903€43k€585k▲

Income taxes67/77€6k€93k▲

Profit (loss) for the period9904€37k€492k▲

Profit (loss) for the period to be appropriated9905€37k€492k▲

Appropriation of the result

Profit (loss) to be appropriated9906€17k€492k▲

Profit (loss) brought forward from the previous period14P€-21k€0▲

Transfer from equity791/2€0-

Transfer to equity691/2€17k€492k▲

To the legal reserve6920€841€25k▲

To other reserves6921€16k€468k▲

Social balance

Average headcount (FTE)908728.235.4▲

The notes to these accounts (28 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 13Financial 3Filings 10

2025

05-05

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

31-12

Financial Equity above €1MEq €1.08M ▲83.7%

3 profitable years in a row build equity to €1.08M.

28-11

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 120 days late

2023

25-07

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

20-07

NBB filing Annual accounts filed

fiscal year 2021 · full schema

2021

31-12

Financial Back to profitnet €533k

Net result €533k after 3 loss-making years.

31-12

Financial Equity above €500kEq €708k

Equity rises from €-440k to €708k.

15-06

NBB filing Annual accounts filed

fiscal year 2020 · full schema

2020

06-07

NBB filing Annual accounts filed

fiscal year 2019 · full schema

2019

28-05

NBB filing Annual accounts filed

fiscal year 2018 · full schema

2018

08-06

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2017

06-07

NBB filing Annual accounts filed

fiscal year 2016 · full schema

2016

14-07

NBB filing Annual accounts filed

fiscal year 2015 · full schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

11 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, Péruwelz · 1 establishment unit since 2000

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.

Rue de la Verte Reine(PER) 157600 Péruwelz

Ground area

1.1 ha

Building footprint

1,983 m²

Volume, LiDAR

12,391 m³