METALCARE
ActiveSummary
METALCARE has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€83,765) and a net result of €6,309. Equity is shrinking by about 7.4% per year across the filed financial years. Its solvency ranks better than 8% of 2,314 sector peers (NACE 25, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Financials · financial year 2025, micro format
Equity
-€83,765▲ 7.0%
2024 · -€90,074
Total assets
€537,509▼ 6.6%
2024 · €575,640
Net result
€6,309
2024 · -€8,553
Working capital
-€341,824▼ 0.6%
2024 · -€339,780
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result recovers in 2025; 2025 is 895% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€8,814
2025
Net result€6,309
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€537,509
2025
Equity-€83,765
2025
Debt€621,274
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€341,824
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)1.2%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency-15.6%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.24
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)6
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 25, Manufacture of fabricated metal products, except machinery and equipment: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€18,532--€18,093€7,347€15,334▲ 109%-€8,416€15,653€886▼ 94.3%€8,814▲ 895%
Net result€10,054--€29,061-€5,667below the sector's middle half▲ 80.5%€811within the sector's middle half-€18,562below the sector's middle half€4,956within the sector's middle half-€8,553below the sector's middle half€6,309within the sector's middle half
Equity-€33,999--€63,060▼ 85.5%-€68,726below the sector's middle half▼ 9.0%-€67,915below the sector's middle half▲ 1.2%-€86,477below the sector's middle half▼ 27.3%-€81,521below the sector's middle half▲ 5.7%-€90,074below the sector's middle half▼ 10.5%-€83,765below the sector's middle half▲ 7.0%
Total assets€323,267-€697,227▲ 116%€675,992above the sector's middle half▼ 3.0%€645,374above the sector's middle half▼ 4.5%€637,686above the sector's middle half▼ 1.2%€597,359above the sector's middle half▼ 6.3%€575,640above the sector's middle half▼ 3.6%€537,509above the sector's middle half▼ 6.6%
Debt€357,266-€760,287▲ 113%€744,718▼ 2.0%€713,289▼ 4.2%€724,163▲ 1.5%€678,880▼ 6.3%€665,715▼ 1.9%€621,274▼ 6.7%
Working capital-€192,078--€277,332▼ 44.4%-€273,091below the sector's middle half▲ 1.5%-€286,213below the sector's middle half▼ 4.8%-€312,388below the sector's middle half▼ 9.1%-€320,179below the sector's middle half▼ 2.5%-€339,780below the sector's middle half▼ 6.1%-€341,824below the sector's middle half▼ 0.6%
Solvency-10.5%--9.0%▲ 1.5pp-10.2%below the sector's middle half▼ 1.1pp-10.5%below the sector's middle half▼ 0.4pp-13.6%below the sector's middle half▼ 3.0pp-13.6%below the sector's middle half▼ 0.1pp-15.6%below the sector's middle half▼ 2.0pp-15.6%below the sector's middle half▲ 0.1pp
Current ratio0.27-0.23▼ 0.040.21below the sector's middle half▼ 0.020.22below the sector's middle half▲ 0.010.24below the sector's middle half▲ 0.030.24below the sector's middle half=0.24below the sector's middle half=0.24below the sector's middle half=
Return on assets (ROA)3.1%--4.2%▼ 7.3pp-0.8%below the sector's middle half▲ 3.3pp0.1%below the sector's middle half▲ 1.0pp-2.9%below the sector's middle half▼ 3.0pp0.8%within the sector's middle half▲ 3.7pp-1.5%below the sector's middle half▼ 2.3pp1.2%within the sector's middle half▲ 2.7pp
Staff (FTE)5.3-5▼ 5.7%5.1above the sector's middle half▲ 2.0%5.9▲ 15.7%6▲ 1.7%6=5.1▼ 15.0%6▲ 17.6%
above
within
below
the middle half of NACE 25, Manufacture of fabricated metal products, except machinery and equipment: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €537,509
Fixed assets
€428,750 ▼ 8.4%
Current assets
€108,759 ▲ 1.1%
Equity and liabilities
Equity-€83,765
Debt€621,274
Equity is negative: debt (€621,274) exceeds the balance-sheet total (€537,509).
Key figures and ratios
EBITDA
€48,524▲
2024 · €42,984
Cash flow
€46,020▲
2024 · €33,545
Quick ratio
0.18▼
2024 · 0.19
Interest coverage
18.64▲
2024 · 4.55
Debt ≤ 1 year
€450,582▲
2024 · €447,404
Debt > 1 year
€170,692▼
2024 · €218,310
Staff costs
€258,190▼
2024 · €261,023
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €201,901 | €204,452 | €220,298 | €261,023 | €258,190 | ▼ 1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €39,079 | €35,680 | €38,236 | €40,821 | €40,977 | €41,571 | €42,099 | €39,711 | ▼ 5.7% |
| Other operating charges640/8 | - | - | - | €9,136 | €9,759 | €6,584 | €8,344 | €7,901 | ▼ 5.3% |
| Gross operating margin9900 | €246,143 | €230,868 | €242,734 | €267,191 | €246,772 | €284,105 | €312,350 | €314,615 | ▲ 0.7% |
| Operating profit (loss)9901 | €18,532 | -€18,093 | €7,347 | €15,334 | -€8,416 | €15,653 | €886 | €8,814 | ▲ 895% |
| Financial income75/76B | - | - | - | €10 | €1,425 | - | - | €99 | - |
| Recurring financial income75 | €189 | €34 | - | €10 | €1,425 | - | - | €99 | - |
| Financial charges65/66B | - | - | - | €14,532 | €11,571 | €10,696 | €9,439 | €2,604 | ▼ 72.4% |
| Recurring financial charges65 | €8,666 | €11,002 | €13,014 | €14,532 | €11,571 | €10,696 | €9,439 | €2,604 | ▼ 72.4% |
| Profit (loss) for the period before taxes9903 | €10,054 | -€29,061 | -€5,667 | €811 | -€18,562 | €4,956 | -€8,553 | €6,309 | - |
| Profit (loss) for the period9904 | €10,054 | -€29,061 | -€5,667 | €811 | -€18,562 | €4,956 | -€8,553 | €6,309 | - |
| Profit (loss) for the period to be appropriated9905 | €10,054 | -€29,061 | -€5,667 | €811 | -€18,562 | €4,956 | -€8,553 | €6,309 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €323,267 | €697,227 | €675,992 | €645,374 | €637,686 | €597,359 | €575,640 | €537,509 | ▼ 6.6% |
| Fixed assets21/28 | €252,091 | €614,806 | €604,985 | €566,704 | €537,059 | €496,709 | €468,016 | €428,750 | ▼ 8.4% |
| Tangible fixed assets22/27 | €252,041 | €297,256 | €287,333 | €248,949 | €219,202 | €178,444 | €149,343 | €109,670 | ▼ 26.6% |
| Land and buildings22 | - | - | - | €170,839 | €146,434 | €122,028 | €97,622 | €73,217 | ▼ 25.0% |
| Plant, machinery and equipment23 | - | - | - | €58,621 | €58,660 | €48,146 | €48,929 | €36,342 | ▼ 25.7% |
| Furniture and vehicles24 | - | - | - | €2,045 | €1,603 | €702 | €160 | €111 | ▼ 30.9% |
| Leasing and similar rights25 | - | - | - | €17,443 | €12,506 | €7,568 | €2,631 | - | - |
| Financial fixed assets28 | €50 | €317,550 | €317,652 | €317,755 | €317,857 | €318,265 | €318,673 | €319,081 | ▲ 0.1% |
| Current assets29/58 | €71,176 | €82,421 | €71,007 | €78,670 | €100,627 | €100,650 | €107,624 | €108,759 | ▲ 1.1% |
| Stocks and contracts in progress3 | €16,070 | €15,983 | €18,260 | €19,728 | €21,979 | €21,668 | €23,983 | €27,032 | ▲ 12.7% |
| Stocks30/36 | - | - | - | €19,728 | €21,979 | €21,668 | €23,983 | €27,032 | ▲ 12.7% |
| Amounts receivable within one year40/41 | €53,871 | €66,167 | €40,108 | €58,660 | €60,929 | €68,218 | €73,572 | €77,542 | ▲ 5.4% |
| Trade receivables40 | - | - | - | €49,624 | €45,892 | €53,181 | €58,536 | €59,129 | ▲ 1.0% |
| Other amounts receivable41 | - | - | - | €9,037 | €15,037 | €15,037 | €15,037 | €18,413 | ▲ 22.5% |
| Cash at bank and in hand54/58 | €1,235 | €271 | €640 | €282 | €17,719 | €10,765 | €10,069 | €4,185 | ▼ 58.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €323,267 | €697,227 | €675,992 | €645,374 | €637,686 | €597,359 | €575,640 | €537,509 | ▼ 6.6% |
| Equity10/15 | -€33,999 | -€63,060 | -€68,726 | -€67,915 | -€86,477 | -€81,521 | -€90,074 | -€83,765 | ▲ 7.0% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Contributions outside capital11 | - | - | - | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Other1109/19 | - | - | - | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | -€53,999 | -€83,060 | -€88,726 | -€87,915 | -€106,477 | -€101,521 | -€110,074 | -€103,765 | ▲ 5.7% |
| Amounts payable17/49 | €357,266 | €760,287 | €744,718 | €713,289 | €724,163 | €678,880 | €665,715 | €621,274 | ▼ 6.7% |
| Amounts payable after more than one year17 | €94,012 | €400,534 | €400,621 | €348,405 | €311,148 | €258,051 | €218,310 | €170,692 | ▼ 21.8% |
| Financial debts170/4 | - | - | - | €348,405 | €311,148 | €258,051 | €218,310 | €170,692 | ▼ 21.8% |
| Amounts payable within one year42/48 | €263,254 | €359,753 | €344,098 | €364,884 | €413,015 | €420,829 | €447,404 | €450,582 | ▲ 0.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €54,373 | €49,768 | €48,817 | €50,244 | €48,650 | ▼ 3.2% |
| Financial debts43 | - | - | - | €5,928 | - | - | - | - | - |
| Credit institutions430/8 | - | - | - | €5,928 | - | - | - | - | - |
| Trade debts44 | €18,098 | €35,300 | €12,198 | €29,942 | €29,987 | €27,537 | €65,192 | €47,717 | ▼ 26.8% |
| Suppliers440/4 | - | - | - | €29,942 | €29,987 | €27,537 | €65,192 | €47,717 | ▼ 26.8% |
| Advances received on contracts in progress46 | - | - | - | €1,425 | - | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €17,988 | €23,097 | €30,462 | €20,606 | €23,672 | ▲ 14.9% |
| Taxes450/3 | - | - | - | €8,832 | €17,771 | €14,857 | €14,614 | €17,499 | ▲ 19.7% |
| Remuneration and social security454/9 | - | - | - | €9,156 | €5,327 | €15,605 | €5,992 | €6,173 | ▲ 3.0% |
| Other amounts payable47/48 | - | - | - | €255,228 | €310,163 | €314,013 | €311,363 | €330,543 | ▲ 6.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,054 | -€29,061 | -€5,667 | €811 | -€18,562 | €4,956 | -€8,553 | €6,309 | - |
| + Depreciation and write-downs630 | €39,079 | €35,680 | €38,236 | €40,821 | €40,977 | €41,571 | €42,099 | €39,711 | ▼ 5.7% |
| Operating cash flow (approximation) | €49,133 | €6,620 | €32,570 | €41,632 | €22,415 | €46,527 | €33,545 | €46,020 | ▲ 37.2% |
| Investment in fixed assets (approximation) | - | -€398,396 | -€28,415 | -€2,539 | -€11,333 | -€1,221 | -€13,405 | -€445 | ▲ 96.7% |
| Change in cash | - | -€965 | €369 | -€358 | €17,437 | -€6,954 | -€695 | -€5,884 | ▼ 746% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 27-04-2026 | 2026-00088129 |
| 31-12-2024 | micro format | 17-04-2025 | 2025-00070977 |
| 31-12-2023 | micro format | 30-04-2024 | 2024-00074113 |
| 31-12-2022 | micro format | 05-05-2023 | 2023-00080641 |
| 31-12-2021 | micro format | 05-05-2022 | 2022-20020461 |
| 31-12-2020 | micro format | 28-04-2021 | 2021-13000048 |
| 31-12-2019 | micro format | 02-06-2020 | 2020-14700287 |
| 31-12-2018 | micro format | 26-04-2019 | 2019-11300415 |
| 31-12-2017 | full format | 23-02-2018 | 2018-05500436 |
| 31-12-2016 | full format | 17-02-2017 | 2017-04800035 |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 693 active companies whose main activity is coating of metals (NACE 25510), figures are known for 410. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.