Debts
€605,818 94% of the balance sheet
Financial debts 61%Suppliers 20%Taxes and wages 1%Other 19%
Of this, €238,810 falls due within a year.
Metal Projects
Lifetime
7 annual accounts with figures on one time axispeak €405,576 (2019)
€78,598▼ 1.5%
lowest -€25,837 (2022)
€322▲ €797
peak €65,272 (2021)
€41,958▲ 0.8%
€605,818▼ 5.1%
peak 1.2 FTE (2020)
-not published
Board3 names since 2017
2 directorsHAERINCK Dean and 1 other
Owners
Documentsfilings and deeds
24-03-202637 days before the deadline
2025micro format
Back to profit: €322Cash from €70,066 to €35,330
Key points
from the 2025 annual accountsFilings
7 annual accounts since 2019
The last five annual accounts were filed 6 to 41 days before the end of the period.
Position in the sector
6.5%
Lower solvency than 86% of companies in fabricated metal products. Sector median 44.2% · 2,343 companies.
Checked score
79
Excellent
Financially stronger than 25% of micro companies in fabricated metal products (NACE 25)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.5% across 3,710 companies (NACE 25, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.7%
01-2025: 0.7%● unchanged vs 12-2024
02-2025: 0.8%▲ +0.1 percentage points vs 01-2025
03-2025: 0.9%▲ +0.1 percentage points vs 02-2025
04-2025: 1.0%▲ +0.1 percentage points vs 03-2025highest value
05-2025: 0.6%▼ -0.4 percentage points vs 04-2025
06-2025: 0.6%● unchanged vs 05-2025
07-2025: 0.6%● unchanged vs 06-2025
08-2025: 0.6%● unchanged vs 07-2025
09-2025: 0.6%● unchanged vs 08-2025
10-2025: 0.6%● unchanged vs 09-2025
11-2025: 0.6%● unchanged vs 10-2025
12-2025: 0.5%▼ -0.1 percentage points vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.6%▲ +0.1 percentage points vs 01-2026
03-2026: 0.6%● unchanged vs 02-2026
04-2026: 0.5%▼ -0.1 percentage points vs 03-2026lowest value
05-2026: 0.5%● unchanged vs 04-2026lowest value
06-2026: 0.5%● unchanged vs 05-2026lowest value
07-2026: 0.5%● unchanged vs 06-2026lowest value
08-2026: 0.5%● unchanged vs 07-2026lowest value
09-2026: 0.5%● unchanged vs 08-2026lowest value
10-2026: 0.5%● unchanged vs 09-2026
11-2026: 0.5%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Sector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
Equity €41,958 (6.5% of total assets)
lowers risk
Size: total assets €647,777
Figures for financial year 2025 (filed on 25-03-2026)
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 25, micro). It does better than 12% of them on solvency, 28% on liquidity, 23% on profitability and 38% 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 30-09-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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, 1,251 companies had the same profile as Metal Projects has now. Each dot stands for 4 companies, two years later.
94.4%
were still trading
2.7%
stopped another way
2.6%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Metal Projects itself is lower: 0.5% within 12 months. It rests on far more data about Metal Projects than the profile alone.
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 1,251 companies, not a prediction for Metal Projects. 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 €3,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.78 (0.85 in 2024), below 1. Short-term debt is 36.9% and cash 5.5% of total assets. 93.5% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 2343 sector peers (2025).
NBB · sector comparisonPosition among 2343 sector peers
Solvency
better than 13%
← weakest
strongest →
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 24-03-2026, 37 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
37 days early
2024
6 days early
2023
35 days early
2022
41 days early
2021
37 days early
2020
39 days early
2019
38 days early
← 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 33 days before the deadline. In the sector (NACE 25), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 24 March (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end09-11-2026 today30-04-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0683665995
2 managers resigning, 2 directors reappointed
Resignations: HAERINCK Dean (manager) and HAERINCK John (manager) · Reappointments: HAERINCK Dean (director) and HAERINCK John (director) · Permanent representative: HAERINCK John · General meeting of 08-03-2022 · Gazette deed
Incorporation
published on 26-10-2017 · Gazette deed
First establishment
METALPRO, Nijverheidsstraat 28, Tielt
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Metal Projects Tielt | €647,777 | €78,598 | 6.5% | - |
| CONSIBIS Antwerp | €715,521 | €98,681 | 17.0% | - |
| DB Diving Geraardsbergen | €603,823 | €61,379 | 73.7% | - |
| GT-CONSTRUCT Herentals | €762,524 | €99,480 | 22.5% | - |
| ALGOET TEAM Deerlijk | €546,264 | €90,995 | 61.5% | - |
| DEDEYNE MICHAEL Oostkamp | €450,419 | €85,073 | 19.4% | - |
| FREDERIK STEVENS Diksmuide | €650,336 | €77,537 | 46.6% | - |
These companies have the same main activity as Metal Projects: machining of metals (NACE 25530). They are comparable in size and age: total assets between €450,000 and €763,000, founded between 2013 and 2018.
Official details
Source: KBO- Status
- Active since 24-10-2017Normal situation
- Activity
- Machining of metalsNACE 25530
- Joint committee
- 209White-collar workers in metal manufacturing · annual accounts 30-09-2025
- Establishment unit
- 2.269.281.8418760 Tielt, since 24-10-2017
- Financial year end
- 30 September
- Peppol
- Reachable since 01-10-2025
Annual accounts to 30-09-2025
- ≈ €240,000estimated
- €647,777▼ 4.7%
- Employeeson 30-09-2025
- 0▼ 100%
- Filing
- Filed on 24-03-2026, 37 days before the end of the filing period
Insights on Metal Projects
Metal Projects files the micro format. That format states no turnover. The gross margin fell from €405,576 in 2019 to €78,598 in 2025.
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 Projects
- What is the company number of Metal Projects?
- The company number of Metal Projects is 0683.665.995. The VAT number is the same number with BE in front: BE 0683.665.995.
- Where is Metal Projects based?
- The registered office is at Nijverheidsstraat 28, 8760 Tielt.Company details
- What does Metal Projects do?
- According to the KBO register, the main activity is machining of metals (NACE 25530).
- What is the legal form of Metal Projects?
- Metal Projects is a private limited company (BV).
- When was Metal Projects founded?
- Metal Projects was founded on 24-10-2017.
- Is Metal Projects still active?
- Yes, Metal Projects is an active enterprise in the KBO register.
- How many employees does Metal Projects have?
- Metal Projects had an average of 0.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Metal Projects fall under?
- In its 30-09-2025 annual accounts, Metal Projects states joint committee 209 (White-collar workers in metal manufacturing).
- What is the turnover of Metal Projects?
- The turnover in financial year 2025 is ≈ €240,000. This figure is estimated from the gross margin of €78,598 and 2,666 comparable companies of the same size. It probably lies between €160,000 and €410,000. It is a rough estimate.
- Is Metal Projects profitable?
- In financial year 2025, Metal Projects made a profit of €322.
- Where can I find the annual accounts of Metal Projects?
- Metal Projects filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Metal Projects due?
- Metal Projects must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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