Metalnova
ActiveSummary
The computed 12-month bankruptcy probability of Metalnova is 1.8% (moderate). The 2025 annual accounts show equity of €16k and a net result of €339. Equity is growing by ~3.5% per year across the filed fiscal years. Its solvency ranks better than 30% of 1909 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability36▼-33
Solvency52▼-10
Growth52=
Track record94
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.24 against 2.11 in 2024; short-term debt: 58.5% and cash: 22.9% of total assets), and 73.4% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 21-04-2026, 9 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
9 d early
2024
110 d early
2023
on the day
2022
30 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€16k▲ 2.1%
2024 · €16k
Total assets
€61k▲ 43.6%
2024 · €42k
Net result
€339▲ 7,877%
2024 · €4
Working capital
€8k▼ 33.8%
2024 · €13k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€3k-€4k▲ 15.1%€824▼ 77.1%€3k▲ 221%
Net result€2k-€2k▲ 5.0%€4▼ 99.8%€339▲ 7,877%
Equity€14k-€16k▲ 14.4%€16k=€16k▲ 2.1%
Total assets€50k-€48k▼ 3.7%€42k▼ 12.2%€61k▲ 43.6%
Debt€36k-€32k▼ 10.6%€27k▼ 18.2%€45k▲ 68.4%
Working capital€14k-€14k▲ 2.8%€13k▼ 10.2%€8k▼ 33.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 221% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €61k
Fixed assets
€17k ▼ 6.9%
Current assets
€44k ▲ 81.0%
Equity and liabilities €61k
Equity
€16k ▲ 2.1%
Debt
€45k ▲ 68.4%
Debt's share of the balance-sheet total rises from 62.6% to 73.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€4k▼
2024 · €7k
Cash flow
€2k▼
2024 · €6k
Current ratio
1.24▼
2024 · 2.11
Debt to equity
2.75▲
2024 · 1.67
ROE
2.1%▲
2024 · 0.0%
ROA
0.6%▲
2024 · 0.0%
Interest coverage
1.95▼
2024 · 10.25
Debt ≤ 1 year
€36k▲
2024 · €12k
Debt > 1 year
€9k▼
2024 · €15k
Income taxes
€262▲
2024 · €150
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €4k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €6k | €6k | €1k | ▼ 77.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €7k | - |
| Other operating charges640/8 | €122 | €171 | €351 | €844 | ▲ 140% |
| Gross operating margin9900 | €3k | €10k | €7k | €12k | ▲ 60.1% |
| Operating profit (loss)9901 | €3k | €4k | €824 | €3k | ▲ 221% |
| Financial income75/76B | - | - | - | €3 | - |
| Recurring financial income75 | - | - | - | €3 | - |
| Financial charges65/66B | €624 | €759 | €669 | €2k | ▲ 205% |
| Recurring financial charges65 | €624 | €759 | €669 | €2k | ▲ 205% |
| Profit (loss) for the period before taxes9903 | €3k | €3k | €155 | €601 | ▲ 289% |
| Income taxes67/77 | €596 | €840 | €150 | €262 | ▲ 74.5% |
| Profit (loss) for the period9904 | €2k | €2k | €4 | €339 | ▲ 7,877% |
| Profit (loss) for the period to be appropriated9905 | €2k | €2k | €4 | €339 | ▲ 7,877% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €50k | €48k | €42k | €61k | ▲ 43.6% |
| Fixed assets21/28 | - | €24k | €18k | €17k | ▼ 6.9% |
| Intangible fixed assets21 | - | - | - | €17k | - |
| Tangible fixed assets22/27 | - | €24k | €18k | €0 | ▼ 100% |
| Furniture and vehicles24 | - | €24k | €18k | €0 | ▼ 100% |
| Current assets29/58 | €50k | €24k | €24k | €44k | ▲ 81.0% |
| Amounts receivable within one year40/41 | €46k | €24k | €23k | €30k | ▲ 30.9% |
| Trade receivables40 | €46k | €13k | €5k | €30k | ▲ 531% |
| Other amounts receivable41 | - | €11k | €18k | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €4k | €40 | €1k | €14k | ▲ 961% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €50k | €48k | €42k | €61k | ▲ 43.6% |
| Equity10/15 | €14k | €16k | €16k | €16k | ▲ 2.1% |
| Contributions10/11 | €12k | €12k | €12k | €12k | = |
| Outside capital11 | €12k | €12k | €12k | - | - |
| Other1109/19 | €12k | €12k | €12k | - | - |
| Profit (loss) carried forward14 | €2k | €4k | €4k | €4k | ▲ 8.7% |
| Amounts payable17/49 | €36k | €32k | €27k | €45k | ▲ 68.4% |
| Amounts payable after more than one year17 | - | €23k | €15k | €9k | ▼ 39.5% |
| Financial debts170/4 | - | €23k | €15k | €9k | ▼ 39.5% |
| Amounts payable within one year42/48 | €36k | €10k | €12k | €36k | ▲ 209% |
| Current portion of amounts payable after more than one year42 | - | €7k | €7k | €8k | ▲ 7.5% |
| Trade debts44 | €15k | €105 | €2k | €280 | ▼ 87.6% |
| Suppliers440/4 | €15k | €105 | €2k | €280 | ▼ 87.6% |
| Advances received on contracts in progress46 | - | - | - | €27k | - |
| Taxes, remuneration and social security45 | €1k | €840 | €150 | €566 | ▲ 276% |
| Taxes450/3 | €1k | €840 | €150 | €566 | ▲ 276% |
| Other amounts payable47/48 | €20k | €2k | €2k | €249 | ▼ 84.9% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2k | €2k | €4 | €339 | ▲ 7,877% |
| + Depreciation and write-downs630 | - | €6k | €6k | €1k | ▼ 77.7% |
| Operating cash flow (approximation) | €2k | €8k | €6k | €2k | ▼ 72.1% |
| Investment in fixed assets (approximation) | - | - | €0 | €-96 | - |
| Change in cash | - | €-4k | €1k | €13k | ▲ 891% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
21-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
10-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet €4 ▼99.8%
Net result drops to €4, the lowest in the series; recovery starts the following year.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Highest result since 2022net €2k ▲5%
Operating result €4k, net result €2k, both a record.
30-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Pittem · 1 establishment unit since 2020
Ground area
9,993 m²
Building footprint
4,445 m²
Volume, LiDAR
28,579 m³
Parcel 37011A1408/00S000, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Posterijlaan 47, 8740 Pittem
since 20202.314.252.427
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37011A1408/00S000 | Flanders | 9,993 m² | 1 · 4,445 m² | 7.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 710 companies in sector 25510 we hold annual accounts for 409. 150 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded21-12-2020
Fiscal year end30-09
Activities, NACEBEL 2025
25510Coating of metals
25110Manufacture of metal structures and parts of structures
25401Forging of metal
43429
70100Activities of head offices
Scores and ratios are computed by Checked and are not a credit decision.