METALPROJECTS
ActiveSummary
METALPROJECTS has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.8m and a net result of €50,799. Equity is shrinking by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 70% of 1223 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability71▼-25
Solvency88▲+2
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130,000 at 30 days acceptable
Liquidity ample (current ratio 2.31 against 2.16 in 2023; short-term debt: 36.6% and cash: 25% of total assets), and 36.7% of the assets are financed with debt.
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Signals
Five 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
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 →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
63.3%
Return on assets
1.8%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
6 d late
2023
16 d late
2022
48 d early
2021
60 d late
2020
26 d late
2019
54 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 12 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 6 August (5 of the last 5 filed years within 54 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#8 oldest company in Pelt, Manufacturing sector
Equity
€1.8m▼ 7.8%
2023 · €1.9m
Total assets
€2.8m▼ 11.4%
2023 · €3.1m
Net result
€50,799▼ 92.5%
2023 · €681,452
Working capital
€1.3m▼ 6.3%
2023 · €1.4m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€614,448▼ 3.7%€818,580▲ 33.2%€885,470▲ 8.2%€916,953▲ 3.6%€71,229▼ 92.2%
Net result€441,548above the sector's middle half▲ 1.8%€596,512above the sector's middle half▲ 35.1%€657,136above the sector's middle half▲ 10.2%€681,452above the sector's middle half▲ 3.7%€50,799within the sector's middle half▼ 92.5%
Equity€2.2mabove the sector's middle half▼ 2.5%€2.3mabove the sector's middle half▲ 4.3%€2.5mabove the sector's middle half▲ 6.7%€1.9mabove the sector's middle half▼ 23.5%€1.8mabove the sector's middle half▼ 7.8%
Total assets€4.2mabove the sector's middle half▲ 1.8%€4.0mabove the sector's middle half▼ 5.2%€4.1mabove the sector's middle half▲ 2.7%€3.1mabove the sector's middle half▼ 23.4%€2.8mwithin the sector's middle half▼ 11.4%
Debt€2.0m▲ 7.2%€1.6m▼ 16.1%€1.6m▼ 2.9%€1.2m▼ 23.1%€1.0m▼ 17.0%
Working capital€1.3mabove the sector's middle half▼ 2.6%€1.3mabove the sector's middle half▲ 3.6%€1.2mabove the sector's middle half▼ 8.7%€1.4mabove the sector's middle half▲ 16.7%€1.3mabove the sector's middle half▼ 6.3%
Solvency53.3%within the sector's middle half▼ 2.4pp58.7%within the sector's middle half▲ 5.4pp60.9%within the sector's middle half▲ 2.3pp60.8%within the sector's middle half▼ 0.1pp63.3%within the sector's middle half▲ 2.5pp
Current ratio1.77within the sector's middle half▼ 0.161.90within the sector's middle half▲ 0.131.76within the sector's middle half▼ 0.142.16within the sector's middle half▲ 0.402.31within the sector's middle half▲ 0.15
Return on assets (ROA)10.5%above the sector's middle half=15.0%above the sector's middle half▲ 4.5pp16.0%above the sector's middle half▲ 1.1pp21.7%above the sector's middle half▲ 5.7pp1.8%within the sector's middle half▼ 19.9pp
Staff (FTE)28.7above the sector's middle half▼ 1.4%28.5above the sector's middle half▼ 0.7%26.4above the sector's middle half▼ 7.4%25above the sector's middle half▼ 5.3%24.2above the sector's middle half▼ 3.2%
above
within
below
the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 92% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.8m
Fixed assets
€429,009 ▼ 11.6%
Current assets
€2.4m ▼ 11.4%
Equity and liabilities €2.8m
Equity
€1.8m ▼ 7.8%
Debt
€1.0m ▼ 17.0%
Debt's share of the balance-sheet total falls from 39.2% to 36.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€179,607▼
2023 · €1.0m
Cash flow
€159,177▼
2023 · €804,051
Quick ratio
1.74▼
2023 · 1.93
Debt to equity
0.58▼
2023 · 0.64
ROE
2.9%▼
2023 · 35.7%
Interest coverage
26.06▼
2023 · 164.87
Debt ≤ 1 year
€1.0m▼
2023 · €1.2m
Income taxes
€23,841▼
2023 · €234,374
Staff costs
€1.5m▼
2023 · €1.7m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,732 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 14,732 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €976 | €11,328 | €14,000 | €5,479 | ▼ 60.9% |
| Remuneration, social security and pensions62 | - | €1.7m | €1.6m | €1.7m | €1.5m | ▼ 8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €238,994 | €205,338 | €207,584 | €122,599 | €108,377 | ▼ 11.6% |
| Other operating charges640/8 | - | €23,955 | €24,802 | €26,206 | €28,787 | ▲ 9.9% |
| Non-recurring operating charges66A | - | €467 | €79 | - | €1,251 | - |
| Gross operating margin9900 | €2.5m | €2.7m | €2.7m | €2.7m | €1.7m | ▼ 36.3% |
| Operating profit (loss)9901 | €614,448 | €818,580 | €885,470 | €916,953 | €71,229 | ▼ 92.2% |
| Financial income75/76B | - | €3,525 | €3,069 | €5,178 | €10,303 | ▲ 99.0% |
| Recurring financial income75 | €1,867 | €3,525 | €3,069 | €947 | €10,303 | ▲ 988% |
| Non-recurring financial income76B | - | - | - | €4,231 | - | - |
| Financial charges65/66B | - | €9,457 | €10,540 | €6,305 | €6,892 | ▲ 9.3% |
| Recurring financial charges65 | €8,460 | €9,457 | €9,895 | €6,305 | €6,892 | ▲ 9.3% |
| Non-recurring financial charges66B | - | - | €645 | - | - | - |
| Profit (loss) for the period before taxes9903 | €607,855 | €812,648 | €877,999 | €915,826 | €74,641 | ▼ 91.8% |
| Income taxes67/77 | €166,307 | €216,137 | €220,862 | €234,374 | €23,841 | ▼ 89.8% |
| Profit (loss) for the period9904 | €441,548 | €596,512 | €657,136 | €681,452 | €50,799 | ▼ 92.5% |
| Transfer from tax-exempt reserves789 | - | - | - | €35,288 | - | - |
| Profit (loss) for the period to be appropriated9905 | €399,448 | €596,512 | €657,136 | €716,739 | €50,799 | ▼ 92.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.2m | €4.0m | €4.1m | €3.1m | €2.8m | ▼ 11.4% |
| Fixed assets21/28 | €1.2m | €1.2m | €1.3m | €485,331 | €429,009 | ▼ 11.6% |
| Tangible fixed assets22/27 | €1.2m | €1.2m | €1.3m | €481,456 | €426,209 | ▼ 11.5% |
| Land and buildings22 | - | €714,233 | €768,057 | - | - | - |
| Plant, machinery and equipment23 | - | €267,068 | €360,353 | €340,366 | €293,263 | ▼ 13.8% |
| Furniture and vehicles24 | - | €186,166 | €143,447 | €141,032 | €132,946 | ▼ 5.7% |
| Other tangible fixed assets26 | - | €192 | €125 | €58 | - | - |
| Financial fixed assets28 | €2,825 | €4,200 | €4,350 | €3,875 | €2,800 | ▼ 27.7% |
| Current assets29/58 | €3.0m | €2.8m | €2.8m | €2.7m | €2.4m | ▼ 11.4% |
| Stocks and contracts in progress3 | €111,311 | €310,597 | €268,885 | €280,718 | €584,321 | ▲ 108% |
| Stocks30/36 | - | €192,152 | €160,864 | €226,678 | €234,589 | ▲ 3.5% |
| Contracts in progress37 | - | €118,444 | €108,020 | €54,040 | €349,732 | ▲ 547% |
| Amounts receivable within one year40/41 | €1.3m | €931,287 | €1.3m | €1.2m | €1.1m | ▼ 11.5% |
| Trade receivables40 | - | €754,639 | €1.1m | €1.1m | €709,752 | ▼ 32.8% |
| Other amounts receivable41 | - | €176,649 | €186,108 | €154,588 | €360,925 | ▲ 133% |
| Cash at bank and in hand54/58 | €1.4m | €1.6m | €1.3m | €1.2m | €694,647 | ▼ 40.1% |
| Deferred charges and accrued income490/1 | - | €6,821 | €12,805 | €4,472 | €3,550 | ▼ 20.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.2m | €4.0m | €4.1m | €3.1m | €2.8m | ▼ 11.4% |
| Equity10/15 | €2.2m | €2.3m | €2.5m | €1.9m | €1.8m | ▼ 7.8% |
| Contributions10/11 | €123,950 | €123,950 | €123,950 | €103,893 | €103,893 | = |
| Capital10 | - | €123,950 | €123,950 | €103,893 | €103,893 | = |
| Issued capital100 | - | €123,950 | €123,950 | €103,893 | €103,893 | = |
| Revaluation surpluses12 | - | €493,603 | €434,269 | - | - | - |
| Reserves13 | €566,517 | €625,841 | €685,176 | €539,016 | €1.7m | ▲ 207% |
| Non-distributable reserves130/1 | - | €12,395 | €12,395 | €10,389 | €10,389 | = |
| Legal reserve130 | - | €12,395 | €12,395 | €10,389 | €10,389 | = |
| Tax-exempt reserves132 | - | €42,100 | €42,100 | - | - | - |
| Distributable reserves133 | - | €571,346 | €630,681 | €528,627 | €1.6m | ▲ 212% |
| Profit (loss) carried forward14 | €1.0m | €1.1m | €1.3m | €1.3m | - | - |
| Amounts payable17/49 | €2.0m | €1.6m | €1.6m | €1.2m | €1.0m | ▼ 17.0% |
| Amounts payable after more than one year17 | €290,373 | €169,115 | - | - | - | - |
| Financial debts170/4 | - | €169,115 | - | - | - | - |
| Amounts payable within one year42/48 | €1.7m | €1.5m | €1.6m | €1.2m | €1.0m | ▼ 17.2% |
| Current portion of amounts payable after more than one year42 | - | €121,257 | €20,615 | - | - | - |
| Financial debts43 | - | €115,408 | €125,426 | - | €115,333 | - |
| Credit institutions430/8 | - | €115,408 | €125,426 | - | €115,333 | - |
| Trade debts44 | €597,892 | €400,258 | €546,726 | €365,738 | €334,551 | ▼ 8.5% |
| Suppliers440/4 | - | €400,258 | €546,726 | €365,738 | €334,551 | ▼ 8.5% |
| Taxes, remuneration and social security45 | - | €341,535 | €407,234 | €364,034 | €368,153 | ▲ 1.1% |
| Taxes450/3 | - | €95,439 | €156,026 | €102,293 | €115,546 | ▲ 13.0% |
| Remuneration and social security454/9 | - | €246,096 | €251,208 | €261,741 | €252,607 | ▼ 3.5% |
| Other amounts payable47/48 | - | €500,000 | €500,000 | €500,000 | €200,000 | ▼ 60.0% |
| Accrued charges and deferred income492/3 | - | €145 | - | - | €2,930 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €441,548 | €596,512 | €657,136 | €681,452 | €50,799 | ▼ 92.5% |
| + Depreciation and write-downs630 | €238,994 | €205,338 | €207,584 | €122,599 | €108,377 | ▼ 11.6% |
| Operating cash flow (approximation) | €680,542 | €801,850 | €864,720 | €804,051 | €159,177 | ▼ 80.2% |
| Investment in fixed assets (approximation) | - | -€134,197 | -€312,056 | €668,402 | -€52,056 | ▼ 108% |
| Change in cash | - | €170,488 | -€314,829 | -€92,739 | -€464,846 | ▼ 401% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
06-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 6 days late
2024
31-12
Financial
Weakest financial yearnet €50,799 ▼92.5%
Net result drops to €50,799, the lowest in the series.
16-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 16 days late
2023
31-12
Financial
Highest result since 2018net €681,452 ▲3.7%
Operating result €916,953, net result €681,452, both a record.
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 60 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 26 days late
2020
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 54 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
02-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 2 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 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
11 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, Pelt · 1 establishment unit since 1987
Ground area
8,306 m²
Building footprint
5,172 m²
Parcel 72502E0102/00N153, Flanders. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Metalprojects
since 19872.034.173.043
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72502E0102/00N153 | Flanders | 8,306 m² | 1 · 5,172 m² | - |
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.
Structure & network
Owners and holdings
1 ownerChain of control
- WINT-INVEST
- Wint-Construct
- METALPROJECTS
Highest known parent: WINT-INVEST. The sources do not say who stands above it.
Owners 1
- Wint-Constructparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 10 entries · 22,703 EUR awarded · 22,703 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 3,262 EUR | 3,262 EUR |
| 2024 | 2 | 2,511 EUR | 2,511 EUR |
| 2023 | 2 | 4,504 EUR | 4,504 EUR |
| 2022 | 3 | 12,426 EUR | 12,426 EUR |
Recognitions · licences · registrations
Recognised contractor
4 categoriesMETALPROJECTS NV20165
Dual-learning approval
4 live approvals · 6 endedHoeknaadlasser duaal (so)
Lassen-constructie duaal (so)
Lasser-monteerder (vwo)
Lasser-monteerder duaal (so)
Show 6 ended approvals
Hoeknaadlasser duaal (so)
Lassen-constructie duaal (so)
Lasser-monteerder (vwo)
Lasser-monteerder duaal (so)
Hoeknaadlasser (so)
Plaatlasser (so)
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Of 3,983 companies in sector 25110 we hold annual accounts for 2,145. 1,104 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded23-12-1986
Fiscal year end31-12
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
E-invoicing
Reachable via Peppol
Peppol ID
0208:0430096911
Registered
23-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
General meetings
3 convocationsGeneral meeting
Jaarverslag. Goedkeuring jaarrekening. Bestemming resultaat. Kwijting bestuurders. (Her)benoemingen. Divers.
General meeting
Jaarverslag. Goedkeuring jaarrekening. Bestemming resultaat. Kwijting bestuurders. (Her)benoemingen. Divers.
General meeting
Jaarverslag. Goedkeuring jaarrekening. Bestemming resultaat. Kwijting bestuurders. Divers.