METAL WORKING
ActiveMETAL WORKING has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €491k and a net result of €152k. Equity is growing by ~21.8% per year across the filed fiscal years. Its solvency ranks better than 60% of 316 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
71
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability87▲+1
Solvency72▲+10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity tight (current ratio 1.44 against 1.16 in 2023; short-term debt: 43% and cash: 1.1% of total assets), and 52.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-08-2025, 18 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
18 d late
2023
14 d early
2022
21 d late
2021
3 d late
2020
13 d late
2019
61 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€152k▲ 16.7%
2023 · €130k
2018: €-4k
2019: €-22k
2020: €58k
2021: €63k
2022: €25k
2023: €130k
2018 → 2024
Working capital
€197k▲ 144%
2023 · €81k
2018: €22
2019: €-39k
2020: €-1k
2021: €-30k
2022: €-14k
2023: €81k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€193k-€211k▲ 9.4%€231k▲ 9.3%€349k▲ 51.2%€491k▲ 40.8%
Operating result€104k-€96k▼ 7.6%€50k▼ 47.6%€188k▲ 275%€214k▲ 13.7%
Net result€58k-€63k▲ 9.6%€25k▼ 60.8%€130k▲ 424%€152k▲ 16.7%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 14% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.04M
Fixed assets
€396k▲ 8.1%
Current assets
€645k▲ 9.9%
Equity and liabilities €1.04M
Equity
€491k▲ 40.8%
Debt
€550k▼ 9.0%
The debt ratio falls from 63.4% to 52.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€321k▲
2023 · €271k
Cash flow
€259k▲
2023 · €213k
Solvency
47.2%▲
2023 · 36.6%
Current ratio
1.44▲
2023 · 1.16
Quick ratio
1.25▲
2023 · 0.97
Debt / equity
1.12▼
2023 · 1.73
ROE
30.9%▼
2023 · 37.3%
ROA
14.6%▲
2023 · 13.6%
Interest coverage
20.02▲
2023 · 13.71
Debt
€550k▼
2023 · €604k
Debt ≤ 1 year
€448k▼
2023 · €506k
Debt > 1 year
€102k▲
2023 · €98k
Income taxes
€56k▼
2023 · €58k
Staff costs
€539k▲
2023 · €441k
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€953k€1.04M▲
Fixed assets21/28€367k€396k▲
Intangible fixed assets21€1k€865▼
Tangible fixed assets22/27€365k€395k▲
Land and buildings22€161k€141k▼
Plant, machinery and equipment23€90k€71k▼
Furniture and vehicles24€34k€138k▲
Leasing and similar rights25€81k€45k▼
Financial fixed assets28€157€157=
Current assets29/58€586k€645k▲
Stocks and contracts in progress3€94k€84k▼
Stocks30/36€94k€84k▼
Amounts receivable within one year40/41€462k€524k▲
Trade receivables40€444k€513k▲
Other amounts receivable41€18k€11k▼
Current investments50/53€3k€20k▲
Cash at bank and in hand54/58€18k€12k▼
Deferred charges and accrued income490/1€9k€5k▼
Equity and liabilities
Total equity and liabilities10/49€953k€1.04M▲
Equity10/15€349k€491k▲
Contributions10/11€6k€6k=
Reserves13€248k€400k▲
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Tax-exempt reserves132-€84k
Distributable reserves133€247k€316k▲
Profit (loss) carried forward14€63k€63k▲
Investment grants15€32k€22k▼
Amounts payable17/49€604k€550k▼
Amounts payable after more than one year17€98k€102k▲
Financial debts170/4€98k€102k▲
Amounts payable within one year42/48€506k€448k▼
Current portion of amounts payable after more than one year42€90k€84k▼
Financial debts43€63k€30k▼
Credit institutions430/8€63k€30k▼
Trade debts44€192k€165k▼
Suppliers440/4€192k€165k▼
Taxes, remuneration and social security45€140k€149k▲
Taxes450/3€71k€76k▲
Remuneration and social security454/9€69k€73k▲
Other amounts payable47/48€20k€20k=
Accrued charges and deferred income492/3€303-
Income statement
Code20232024
Non-recurring operating income76A-€24k
Remuneration, social security and pensions62€441k€539k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€83k€107k▲
Other operating charges640/8€10k€12k▲
Non-recurring operating charges66A€319€104▼
Gross operating margin9900€722k€872k▲
Operating profit (loss)9901€188k€214k▲
Financial income75/76B€19k€10k▼
Recurring financial income75€19k€10k▼
Financial charges65/66B€20k€16k▼
Recurring financial charges65€20k€16k▼
Profit (loss) for the period before taxes9903€188k€207k▲
Income taxes67/77€58k€56k▼
Profit (loss) for the period9904€130k€152k▲
Transfer to tax-exempt reserves689-€84k
Profit (loss) for the period to be appropriated9905€130k€68k▼
Appropriation of the result
Profit (loss) to be appropriated9906€188k€130k▼
Profit (loss) brought forward from the previous period14P€58k€63k▲
Transfer from equity791/2€20k-
Transfer to equity691/2€125k€68k▼
To other reserves6921€125k€68k▼
Profit to be distributed694/7€20k-
Return on contributions (dividend)694€20k-
Social balance
Average headcount (FTE)90879.110.8▲
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 18 days late
2024
31-12
Financial
Highest result since 2018net €152k ▲16.7%
Operating result €214k, net result €152k, both a record.
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 21 days late
2022
03-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 3 days late
2021
31-12
Financial
Equity above €200kEq €211k ▲9.4%
2 profitable years in a row build equity to €211k.
13-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 13 days late
2020
31-12
Financial
Back to profitnet €58k
Net result €58k after 2 loss-making years.
31-12
Financial
Equity above €150kEq €193k ▲37.1%
Equity rises from €141k to €193k.
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 61 days late
2019
31-12
Financial
Weakest financial yearnet €-22k
Net result drops to €-22k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 58 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 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, Soignies · 1 establishment unit since 2007
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.
Chemin de la Longue Borne 17060 SoigniesGround area
2,411 m²
Parcel 55040A0717/00W000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Metal Working
since 20072.165.620.218
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55040A0717/00W000 | Wallonia | 2,411 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
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GEVILAN
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VR BASE
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JANS TRANSPORT EFFICIENTIE
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Of 210 companies in sector 28299 we hold annual accounts for 154. 116 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-10-2007
Fiscal year end31-12
Activities, NACEBEL
25530Machining of metals
28299Manufacture of machinery and equipment not elsewhere classified
28520
29430
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.