ORION METAL
ActiveORION METAL has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €12.56M and a net result of €566k. Equity is growing by ~11.1% per year across the filed fiscal years. Its solvency ranks better than 36% of 760 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
57
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability56▼-14
Solvency57▲+3
Growth66▼-6
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €700k at 30 days acceptable
Liquidity short (current ratio 1.0 against 0.99 in 2023; short-term debt: 61.5% and cash: 0% of total assets), and 68.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
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
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
31.5%
Return on assets
1.4%
Age of the figures
20 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-06-2025, 42 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
42 d early
2023
54 d early
2022
46 d early
2021
61 d early
2020
59 d early
2019
8 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€46.43M▼ 19.5%
2023 · €57.67M
2018: €38.68M
2019: €38.83M
2020: €37.06M
2021: €51.34M
2022: €65.43M
2023: €57.67M
2018 → 2024
EBIT margin
3.7%▼ 1.2pp
2023 · 5.0%
2018: 0.7%
2019: 4.8%
2020: 6.6%
2021: 6.1%
2022: 2.3%
2023: 5.0%
2018 → 2024
Net result
€566k▼ 73.4%
2023 · €2.13M
2018: €90k
2019: €1.56M
2020: €251k
2021: €721k
2022: €863k
2023: €2.13M
2018 → 2024
Working capital
€-14k▲ 94.6%
2023 · €-266k
2018: €-103k
2019: €201k
2020: €-856k
2021: €1.42M
2022: €-825k
2023: €-266k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€37.06M-€51.34M▲ 38.5%€65.43M▲ 27.4%€57.67M▼ 11.9%€46.43M▼ 19.5%
Equity€8.28M-€9.00M▲ 8.7%€9.86M▲ 9.6%€11.99M▲ 21.6%€12.56M▲ 4.7%
Operating result€2.43M-€3.14M▲ 29.2%€1.49M▼ 52.4%€2.86M▲ 91.4%€1.74M▼ 39.3%
Net result€251k-€721k▲ 187%€863k▲ 19.6%€2.13M▲ 147%€566k▼ 73.4%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 39% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €39.86M
Fixed assets
€15.38M▼ 6.2%
Current assets
€24.48M▼ 0.3%
Equity and liabilities €39.86M
Equity
€12.56M▲ 4.7%
Provisions
€807k▼ 16.6%
Debt
€26.50M▼ 5.4%
The debt ratio falls from 68.4% to 66.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€4.57M▼
2023 · €5.49M
Cash flow
€3.40M▼
2023 · €4.76M
Solvency
31.5%▲
2023 · 29.3%
Current ratio
1.00▲
2023 · 0.99
Quick ratio
0.26▼
2023 · 0.35
Debt / equity
2.11▼
2023 · 2.33
ROE
4.5%▼
2023 · 17.8%
ROA
1.4%▼
2023 · 5.2%
Interest coverage
4.14▼
2023 · 8.04
Debt
€26.50M▼
2023 · €28.00M
Debt ≤ 1 year
€24.50M▼
2023 · €24.83M
Debt > 1 year
€2.00M▼
2023 · €3.17M
Income taxes
€3k▼
2023 · €245k
Staff costs
€4.19M▼
2023 · €4.40M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€40.96M€39.86M▼
Fixed assets21/28€16.39M€15.38M▼
Tangible fixed assets22/27€16.39M€15.38M▼
Land and buildings22€575k€511k▼
Plant, machinery and equipment23€3.90M€4.06M▲
Furniture and vehicles24€85k€73k▼
Leasing and similar rights25€0€0=
Other tangible fixed assets26€10.01M€8.54M▼
Assets under construction and advance payments27€1.83M€2.20M▲
Current assets29/58€24.56M€24.48M▼
Stocks and contracts in progress3€15.76M€18.11M▲
Stocks30/36€15.64M€18.11M▲
Raw materials and consumables30/31€4.00M€5.27M▲
Work in progress32€919k€1.75M▲
Finished goods33€9.09M€9.54M▲
Advance payments36€1.64M€1.55M▼
Contracts in progress37€117k-
Amounts receivable within one year40/41€8.74M€6.31M▼
Trade receivables40€8.73M€5.71M▼
Other amounts receivable41€6k€603k▲
Cash at bank and in hand54/58€36k€7k▼
Deferred charges and accrued income490/1€26k€59k▲
Equity and liabilities
Total equity and liabilities10/49€40.96M€39.86M▼
Equity10/15€11.99M€12.56M▲
Contributions10/11€11.16M€11.16M=
Reserves13€111k€111k=
Distributable reserves133€111k€111k=
Profit (loss) carried forward14€719k€1.29M▲
Provisions and deferred taxes16€968k€807k▼
Provisions for liabilities and charges160/5€968k€807k▼
Environmental obligations163€690k€690k=
Other liabilities and charges164/5€279k€118k▼
Amounts payable17/49€28.00M€26.50M▼
Amounts payable after more than one year17€3.17M€2.00M▼
Financial debts170/4€3.17M€2.00M▼
Subordinated loans170€3.17M€2.00M▼
Amounts payable within one year42/48€24.83M€24.50M▼
Trade debts44€9.80M€8.68M▼
Suppliers440/4€9.80M€8.68M▼
Taxes, remuneration and social security45€1.15M€727k▼
Taxes450/3€497k€136k▼
Remuneration and social security454/9€656k€591k▼
Other amounts payable47/48€13.87M€15.09M▲
Accrued charges and deferred income492/3€2k-
Income statement
Code20232024
Operating income70/76A€60.93M€49.14M▼
Turnover70€57.67M€46.43M▼
Change in stocks of work in progress, finished goods and contracts in progress71€-1.06M€971k▲
Own construction capitalised72€2.76M€720k▼
Other operating income74€130k€73k▼
Non-recurring operating income76A€1.42M€948k▼
Operating charges60/66A€58.07M€47.40M▼
Goods for resale, raw materials and consumables60€44.61M€36.31M▼
Purchases600/8€44.29M€37.54M▼
Change in stocks: decrease (increase)609€319k€-1.22M▼
Services and other goods61€5.58M€4.29M▼
Remuneration, social security and pensions62€4.40M€4.19M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2.63M€2.83M▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-1.30M€-243k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€-268k€-161k▲
Other operating charges640/8€1.65M€101k▼
Non-recurring operating charges66A€766k€79k▼
Operating profit (loss)9901€2.86M€1.74M▼
Financial income75/76B€660k€328k▼
Recurring financial income75€660k€328k▼
Other financial income752/9€660k€328k▼
Financial charges65/66B€1.15M€1.49M▲
Recurring financial charges65€1.15M€1.49M▲
Debt charges650€683k€1.10M▲
Other financial charges652/9€462k€390k▼
Profit (loss) for the period before taxes9903€2.38M€569k▼
Transfer from deferred taxes780€86-
Income taxes67/77€245k€3k▼
Taxes670/3€245k€5k▼
Tax adjustments and reversals of tax provisions77-€2k
Profit (loss) for the period9904€2.13M€566k▼
Profit (loss) for the period to be appropriated9905€2.13M€566k▼
Appropriation of the result
Profit (loss) to be appropriated9906€719k€1.29M▲
Profit (loss) brought forward from the previous period14P€-1.41M€719k▲
Social balance
Average headcount (FTE)908764.262.8▼
The notes to these accounts (97 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
07-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €2.13M ▲147%
Net result €2.13M, the highest in the series.
31-12
Financial
Equity above €10MEq €11.99M ▲21.6%
6 profitable years in a row build equity to €11.99M.
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
02-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
08-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 69 days late
2017
20-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 51 days late
2016
14-12
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 136 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
24-09-2025
Pascal VRANKEN: Resigned as Director
17-11-2021
Hoffmans Franciscus: Resigned as Director
25-07-2018
Didier Westphalen: Resigned as Manager
25-07-2018
Martinus Vinkesteyn: Resigned as Manager
25-11-2016
Mathieu Philippens: Resigned as Manager
01-03-2016
Frank Beijers: Resigned as Manager
01-08-2014
Adams Johannes Adrianus: Resigned as Manager
Location & real-estate footprint
Registered office, Bocholt · 1 establishment unit since 2002
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Industrieweg 43950 BocholtGround area
3.8 ha
Building footprint
1.6 ha
Volume, LiDAR
120,806 m³
Parcel 72016A0001/00Z000, Flanders · tallest building 12.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Industrieweg 4, 3950 Bocholt
since 20022.087.890.851
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72016A0001/00Z000 | Flanders | 3.8 ha | 1 · 1.6 ha | 12.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Statutory auditor
1 auditor| VGD Bedrijfsrevisoren Statutory auditor · represented by Philip De Meyer | - → 19-12-2024 |
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 11,036 EUR awarded · 11,036 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 2,399 EUR | 2,399 EUR |
| 2024 | 1 | 4,803 EUR | 4,803 EUR |
| 2023 | 1 | 3,664 EUR | 3,664 EUR |
| 2022 | 1 | 170 EUR | 170 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteBocholt2.087.890.851
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ELIET
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Of 3,989 companies in sector 25110 we hold annual accounts for 2,148. 335 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-01-1998
Fiscal year end31-12
Activities, NACEBEL
25110Manufacture of metal structures and parts of structures
25510Coating of metals
25610Manufacture of fabricated metal products, except machinery and equipment
28510
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.