METAL WORK DESIGN
ActiveMETAL WORK DESIGN has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €309k and a net result of €-6k. Equity is growing by ~33.9% per year across the filed fiscal years. Its solvency ranks better than 93% of 670 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
82
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability67▼-16
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 11.11 against 8.4 in 2024; short-term debt: 6.7% and cash: 52% of total assets), and 12.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+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 →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
27 d late
2024
28 d late
2023
23 d late
2022
30 d late
2021
26 d late
2020
17 d late
2019
28 d late
← 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-6k
2024 · €45k
2018: €32k
2019: €10k
2020: €58k
2021: €120k
2022: €132k
2023: €107k
2024: €45k
2018 → 2025
Working capital
€240k▼ 0.4%
2024 · €241k
2018: €27k
2019: €41k
2020: €77k
2021: €64k
2022: €105k
2023: €193k
2024: €241k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€101k-€163k▲ 61.2%€270k▲ 65.8%€315k▲ 16.6%€309k▼ 1.9%
Operating result€160k-€179k▲ 11.4%€146k▼ 18.3%€75k▼ 48.4%€608▼ 99.2%
Net result€120k-€132k▲ 10.2%€107k▼ 19.1%€45k▼ 58.2%€-6k
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 99% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €353k
Fixed assets
€90k▼ 21.8%
Current assets
€264k▼ 3.6%
Equity and liabilities €353k
Equity
€309k▼ 1.9%
Debt
€45k▼ 39.4%
The debt ratio falls from 19.0% to 12.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€27k▼
2024 · €105k
Cash flow
€21k▼
2024 · €74k
Solvency
87.4%▲
2024 · 81.0%
Current ratio
11.11▲
2024 · 8.40
Quick ratio
11.11▲
2024 · 8.40
Debt / equity
0.14▼
2024 · 0.23
ROE
-1.9%▼
2024 · 14.2%
ROA
-1.7%▼
2024 · 11.5%
Interest coverage
11.49▼
2024 · 25.02
Debt
€45k▼
2024 · €74k
Debt ≤ 1 year
€24k▼
2024 · €33k
Debt > 1 year
€21k▼
2024 · €41k
Income taxes
€4k▼
2024 · €26k
Staff costs
€8k▼
2024 · €13k
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€388k€353k▼
Fixed assets21/28€115k€90k▼
Tangible fixed assets22/27€114k€89k▼
Land and buildings22€3k€3k=
Plant, machinery and equipment23€40k€34k▼
Furniture and vehicles24€71k€52k▼
Financial fixed assets28€303€303=
Current assets29/58€274k€264k▼
Amounts receivable within one year40/41€167k€79k▼
Trade receivables40€135k€51k▼
Other amounts receivable41€32k€28k▼
Cash at bank and in hand54/58€106k€184k▲
Deferred charges and accrued income490/1-€979
Equity and liabilities
Total equity and liabilities10/49€388k€353k▼
Equity10/15€315k€309k▼
Contributions10/11€19k€19k=
Outside capital11€19k€19k=
Other1109/19€19k€19k=
Reserves13€296k€290k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€294k€288k▼
Amounts payable17/49€74k€45k▼
Amounts payable after more than one year17€41k€21k▼
Financial debts170/4€41k€21k▼
Amounts payable within one year42/48€33k€24k▼
Current portion of amounts payable after more than one year42€23k€22k▼
Trade debts44€570€2k▲
Suppliers440/4€570€2k▲
Taxes, remuneration and social security45€5k-
Remuneration and social security454/9€5k-
Other amounts payable47/48€4k-
Income statement
Code20242025
Remuneration, social security and pensions62€13k€8k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€27k▼
Other operating charges640/8€1k€748▼
Gross operating margin9900€119k€36k▼
Operating profit (loss)9901€75k€608▼
Financial income75/76B€1€323▲
Recurring financial income75€1€323▲
Financial charges65/66B€4k€2k▼
Recurring financial charges65€4k€2k▼
Profit (loss) for the period before taxes9903€71k€-1k▼
Income taxes67/77€26k€4k▼
Profit (loss) for the period9904€45k€-6k▼
Profit (loss) for the period to be appropriated9905€45k€-6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€45k€-6k▼
Transfer from equity791/2-€6k
Transfer to equity691/2€45k-
To other reserves6921€45k-
Social balance
Average headcount (FTE)90871.60.9▼
The notes to these accounts (8 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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 27 days late
2025
31-12
Financial
Weakest financial yearnet €-6k ▼113%
Net result drops to €-6k, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 28 days late
2024
31-12
Financial
Liquidity doublescurrent ratio 8.40
Current ratio from 4.10 to 8.40; short-term debt falls from €62k to €33k.
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 23 days late
2023
31-12
Financial
Liquidity doublescurrent ratio 4.10
Current ratio from 1.75 to 4.10; short-term debt falls from €141k to €62k.
31-12
Financial
Equity above €200kEq €270k ▲65.8%
6 profitable years in a row build equity to €270k.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
31-12
Financial
Highest result since 2018net €132k ▲10.2%
Operating result €179k, net result €132k, both a record.
31-12
Financial
Equity above €150kEq €163k ▲61.2%
5 profitable years in a row build equity to €163k.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 26 days late
2021
31-12
Financial
Equity above €100kEq €101k ▲2.4%
4 profitable years in a row build equity to €101k.
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 17 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 28 days late
2019
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Mons · 1 establishment unit since 2017
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 des Croix 139A7012 MonsGround area
2,525 m²
Building footprint
247 m²
Volume, LiDAR
1,387 m³
2 parcels, Wallonia · tallest building 8.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue de Cuesmes 132, 7012 Mons
since 20172.270.787.222
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53043B1312/00N004 | Wallonia | 2,344 m² | 1 · 218 m² | 8.1 m · 2 fl. |
| 53043B1380/00S000 | Wallonia | 181 m² | 1 · 29 m² | 8.7 m · 3 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.
Similar companies · same sector, comparable size
JVK Construct
BE 0728.929.858
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Metallink
BE 0715.838.818
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EURO METAL COAT
BE 0449.298.753
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C.R. Welding
BE 0802.483.869
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VAN WALLENDAEL
BE 0476.172.802
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Of 3,988 companies in sector 25110 we hold annual accounts for 2,148. 1,646 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-12-2017
Fiscal year end31-12
Abbreviation FR
M.W.D.
Activities, NACEBEL
25110Manufacture of metal structures and parts of structures
25401Forging of metal
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.