Overdue debts
€24,918 on 31-12-2025
The annual accounts state €24,918 of overdue social security (RSZ) debts on 31-12-2025.
METAL YAPI
Lifetime
20 annual accounts with figures on one time axis, 23 filings since 2003peak €44.2m (2025)
€44.2m▲ 7.8%
lowest -€1.4m (2021)
€499,006▲ 300%
peak €4.8m (2020)
€4.6m▲ 12.3%
€27.8m▲ 2.5%
peak 41 FTE (2007)
18.1 FTE▼ 9.5%
Board4 names since 2021
3 directorsMETAL VE YAPI SISTEMLERI TICARET ANONIM SIRKETI SA and 2 others
Documentsfilings and deeds
31-08-202631 days late
2025financial year
Result from €124,612 to €499,006Staff from 20 FTE to 18.1 FTEEquity from €4.1m to €4.6mCash from €337,702 to €884,844
Key points
from the 2025 annual accountsResult
€499,006 ▲ 300%
The result rose in 2025 from €124,612 to €499,006.
Debts
€27.8m 86% of the balance sheet
Financial debts 6%Suppliers 84%Taxes and wages 1%Other 9%
Of this, €26.0m falls due within a year.
Staff
18.1 FTE from 41 in 2007
Between 2007 and 2025, 56% of the full-time equivalents disappeared.
Payment terms
207 days to suppliers
METAL YAPI pays its suppliers 27 days later than in 2024. Customers pay 36 days earlier.
Filings
23 annual accounts since 2003
Eight of the last ten came late. The 2021 accounts came latest: 60 days after the end of the period.
Checked score
69
Healthy
Financially stronger than 34% of small companies in wholesale trade (NACE 46)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 4,374 companies (NACE 46, small).
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.4%
01-2025: 1.4%● unchanged vs 12-2024
02-2025: 1.4%● unchanged vs 01-2025
03-2025: 1.4%● unchanged vs 02-2025
04-2025: 1.5%▲ +0.1 percentage points vs 03-2025
05-2025: 0.8%▼ -0.7 percentage points vs 04-2025
06-2025: 0.8%● unchanged vs 05-2025
07-2025: 1.0%▲ +0.2 percentage points vs 06-2025
08-2025: 1.4%▲ +0.4 percentage points vs 07-2025
09-2025: 1.7%▲ +0.3 percentage points vs 08-2025highest value
10-2025: 0.5%▼ -1.2 percentage points vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026lowest value
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.5%● unchanged vs 03-2026
05-2026: 0.5%● unchanged vs 04-2026
06-2026: 0.5%● unchanged vs 05-2026
07-2026: 0.5%● unchanged vs 06-2026
08-2026: 1.0%▲ +0.5 percentage points vs 07-2026
09-2026: 0.7%▼ -0.3 percentage points vs 08-2026
10-2026: 0.7%● unchanged vs 09-2026
11-2026: 0.7%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 1.04, cash €884,844
Equity €4.6m (14.1% of total assets)
Last filed accounts filed 31 days late; 1 of the last 3 accounts late
lowers risk
Founded in 2002
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, small). It does better than 16% of them on solvency, 8% on liquidity, 40% on profitability and 72% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 4,685 companies had the same profile as METAL YAPI has now. Each dot stands for 12 companies, two years later.
97.0%
were still trading
1.9%
stopped another way
1.1%
went bankrupt
That fits the bankruptcy probability of METAL YAPI itself: 0.7% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 4,685 companies, not a prediction for METAL YAPI. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €310,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.04 (0.98 in 2024), below the usual 1.5. Short-term debt is 80.4% and cash 2.7% of total assets. 85.9% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 6192 sector peers (2025).
NBB · sector comparisonPosition among 6192 sector peers
Solvency
better than 16%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €4.6m
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
31 days late
2024
29 days late
2023
8 days early
2022
21 days early
2021
60 days late
2020
17 days late
2019
54 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 23 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 August (4 of the last 5 accounts filed within 36 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Environmental permit refused
Bouwen of herbouwen · Kraainem
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0476651268
Purpose change · Amendment of the articles
“Het verhandelen, adviseren en afsluiten van contracten voor het vervaardigen en plaatsen van aluminium gevels…” (deed in French) · Gazette deed
Registered office moved from Evere to Diegem
New registered office: Woluwelaan, 143 B/C-1831 Diegem · Previous registered office: Georges De Lombaerdestraat, 54-1140 Evere · Reappointments: OZGÜL Orhan, OZGÜL Osman and YUCEYURT Ahmet (managing director) · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| METAL YAPI Machelen (Brab.) | €44.2m | 1.6% | 14.1% | 18.1 |
| Kappa Data Nazareth-De Pinte | €56.5m | 3.0% | 20.6% | 18.8 |
| MOENS VERPAKKINGEN Dendermonde | €31.0m | 12.2% | 91.6% | 20.1 |
| Grid Parity Concepts Europe Tielt | €66.3m | 1.8% | 61.3% | 13.6 |
| Inve Technologies Dendermonde | €46.8m | 11.7% | 90.5% | 30.5 |
| INTERNATIONAL FOOD SERVICES Antwerp | €50.7m | 1.4% | 35.4% | 9.6 |
| KENDA België Turnhout | €23.7m | 4.0% | 48.0% | 17.5 |
Grey: the largest companies of the sector (wholesale trade (NACE 46)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as METAL YAPI: non-specialised wholesale trade (NACE 46900). They are comparable in size and age: total assets between €11m and €44m, founded between 1997 and 2005.
Official details
Source: KBO- Status
- Active since 14-01-2002Normal situation
- Activity
- Non-specialised wholesale tradeNACE 46900and 2 others
- Joint committees
- 111Metal, mechanical and electrical engineering
- 209White-collar workers in metal manufacturing · annual accounts 2025
- Establishment unit
- 2.094.610.2781140 Evere, since 08-03-2002
- Financial year end
- 31 December
- Peppol
- Reachable since 02-04-2025
Annual accounts 2025
- €32.3m▲ 3.7%
- Employeeson 31-12-2025
- 20▲ 5.3%
- Filing
- Filed on 31-08-2026
Insights on METAL YAPI
METAL YAPI has existed since 2002. Turnover fell from €17.3m in 2008 to €8.3m in 2009. The previous financial year ran 13 months, this one 12.
In April 2023, the Official Gazette published the appointment of YUCEYURT Ahmet as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about METAL YAPI
- What is the company number of METAL YAPI?
- The company number of METAL YAPI is 0476.651.268. The VAT number is the same number with BE in front: BE 0476.651.268.
- Where is METAL YAPI based?
- The registered office is at Woluwelaan 143, 1831 Machelen (Brab.).Company details
- What does METAL YAPI do?
- According to the KBO register, the main activity is non-specialised wholesale trade (NACE 46900).
- What is the legal form of METAL YAPI?
- METAL YAPI is a public limited company (NV).
- When was METAL YAPI founded?
- METAL YAPI was founded on 14-01-2002.
- Is METAL YAPI still active?
- Yes, METAL YAPI is an active enterprise in the KBO register.
- How many employees does METAL YAPI have?
- METAL YAPI had an average of 18.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does METAL YAPI fall under?
- In its 2025 annual accounts, METAL YAPI states joint committees 111 (Metal, mechanical and electrical engineering) and 209 (White-collar workers in metal manufacturing).
- What is the turnover of METAL YAPI?
- The turnover of METAL YAPI was €44.2m in financial year 2025, according to the filed annual accounts.
- Is METAL YAPI profitable?
- In financial year 2025, METAL YAPI made a profit of €499,006.
- Where can I find the annual accounts of METAL YAPI?
- METAL YAPI filed 23 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of METAL YAPI due?
- METAL YAPI must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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