POEDR.
ActivePOEDR. has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €861k and a net result of €-149k. Equity is growing by ~14.7% per year across the filed fiscal years. Its solvency ranks better than 15% of 1026 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
51
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability30▲+19
Solvency40▼-3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity short (current ratio 0.28 against 0.35 in 2024; short-term debt: 33.3% and cash: 0.5% of total assets), and 84.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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
Sector 25
higher
← 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 2025Solvency, return and age of the figures
Solvency
15.4%
Return on assets
-2.7%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-149k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 1026 sector peers (2025).
NBB · sector comparisonPosition among 1026 sector peers
Solvency
better than 15%
← weakest
strongest →
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 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 d early
2024
41 d early
2023
34 d early
2022
42 d early
2021
37 d early
2020
17 d early
2019
28 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€861k▼ 14.6%
2024 · €1.01M
2018: €386k
2019: €248k
2020: €208k
2021: €1.96M
2022: €1.59M
2023: €1.39M
2024: €1.01M
2018 → 2025
Total assets
€5.58M▼ 0.5%
2024 · €5.60M
2018: €1.15M
2019: €940k
2020: €1.16M
2021: €2.95M
2022: €6.13M
2023: €5.98M
2024: €5.60M
2018 → 2025
Net result
€-149k▲ 59.2%
2024 · €-365k
2018: €-18k
2019: €-138k
2020: €-40k
2021: €1.76M
2022: €-372k
2023: €-204k
2024: €-365k
2018 → 2025
Working capital
€-1.35M▼ 91.2%
2024 · €-704k
2018: €115k
2019: €-56k
2020: €-51k
2021: €2.28M
2022: €-279k
2023: €-236k
2024: €-704k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.96M-€1.59M▼ 19.0%€1.39M▼ 12.8%€1.01M▼ 27.3%€861k▼ 14.6%
Operating result€2.37M-€-334k€-242k▲ 27.5%€-294k▼ 21.3%€-73k▲ 75.3%
Net result€1.76M-€-372k€-204k▲ 45.2%€-365k▼ 78.9%€-149k▲ 59.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €73k in 2025 against €294k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.58M
Fixed assets
€5.07M▼ 3.0%
Current assets
€511k▲ 33.6%
Equity and liabilities €5.58M
Equity
€861k▼ 14.6%
Provisions
€494k▼ 3.9%
Debt
€4.22M▲ 3.5%
The debt ratio rises from 72.8% to 75.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€173k▲
2024 · €-61k
Cash flow
€97k▲
2024 · €-133k
Solvency
15.4%▼
2024 · 18.0%
Current ratio
0.28▼
2024 · 0.35
Quick ratio
0.22▼
2024 · 0.28
Debt / equity
4.90▲
2024 · 4.05
ROE
-17.3%▲
2024 · -36.3%
ROA
-2.7%▲
2024 · -6.5%
Interest coverage
1.80▲
2024 · -0.68
Debt
€4.22M▲
2024 · €4.08M
Debt ≤ 1 year
€1.86M▲
2024 · €1.09M
Debt > 1 year
€2.36M▼
2024 · €2.99M
Income taxes
€840▼
2024 · €2k
Staff costs
€902k▲
2024 · €764k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€5.60M€5.58M▼
Fixed assets21/28€5.22M€5.07M▼
Intangible fixed assets21-€7k
Tangible fixed assets22/27€5.21M€5.05M▼
Land and buildings22€3.44M€3.34M▼
Plant, machinery and equipment23€416k€410k▼
Furniture and vehicles24€50k€31k▼
Leasing and similar rights25€1.30M€1.27M▼
Financial fixed assets28€9k€9k=
Current assets29/58€382k€511k▲
Stocks and contracts in progress3€80k€98k▲
Stocks30/36€80k€98k▲
Amounts receivable within one year40/41€260k€381k▲
Trade receivables40€260k€381k▲
Cash at bank and in hand54/58€30k€26k▼
Deferred charges and accrued income490/1€13k€5k▼
Equity and liabilities
Total equity and liabilities10/49€5.60M€5.58M▼
Equity10/15€1.01M€861k▼
Contributions10/11€19k€19k=
Reserves13€1.95M€1.89M▼
Tax-exempt reserves132€1.54M€1.48M▼
Distributable reserves133€410k€410k=
Profit (loss) carried forward14€-962k€-1.05M▼
Provisions and deferred taxes16€514k€494k▼
Deferred taxes168€514k€494k▼
Amounts payable17/49€4.08M€4.22M▲
Amounts payable after more than one year17€2.99M€2.36M▼
Financial debts170/4€2.59M€2.36M▼
Other amounts payable178/9€400k€0▼
Amounts payable within one year42/48€1.09M€1.86M▲
Current portion of amounts payable after more than one year42€256k€472k▲
Financial debts43€150k€165k▲
Credit institutions430/8€150k€165k▲
Trade debts44€125k€243k▲
Suppliers440/4€125k€243k▲
Taxes, remuneration and social security45€65k€99k▲
Taxes450/3€9k€34k▲
Remuneration and social security454/9€56k€66k▲
Other amounts payable47/48€490k€879k▲
Accrued charges and deferred income492/3€7k€0▼
Income statement
Code20242025
Non-recurring operating income76A€1k€0▼
Remuneration, social security and pensions62€764k€902k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€233k€246k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€28k€26k▼
Gross operating margin9900€730k€1.10M▲
Operating profit (loss)9901€-294k€-73k▲
Financial income75/76B€723€0▼
Recurring financial income75€723€0▼
Financial charges65/66B€90k€96k▲
Recurring financial charges65€90k€96k▲
Profit (loss) for the period before taxes9903€-384k€-169k▲
Transfer from deferred taxes780€20k€20k=
Income taxes67/77€2k€840▼
Profit (loss) for the period9904€-365k€-149k▲
Transfer from tax-exempt reserves789€61k€61k=
Profit (loss) for the period to be appropriated9905€-305k€-89k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-962k€-1.05M▼
Profit (loss) brought forward from the previous period14P€-657k€-960k▼
Transfer from equity791/2€14k€0▼
Profit to be distributed694/7€14k€0▼
Return on contributions (dividend)694€14k€0▼
Social balance
Average headcount (FTE)908714.517.1▲
The notes to these accounts (24 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €-372k ▼121%
Net result drops to €-372k, the lowest in the series; recovery starts the following year.
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €1.76M
Net result €1.76M after 3 loss-making years.
31-12
Financial
Liquidity times 10current ratio 8.79
Current ratio from 0.89 to 8.79; short-term debt falls from €450k to €293k.
31-12
Financial
Equity above €1MEq €1.96M ▲846%
Equity rises from €208k to €1.96M.
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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.
22-09-2025
Arne Goethals: Resigned as Director
01-09-1997
Georges Goethals: Resigned as Manager
Location & real-estate footprint
Registered office, Wielsbeke · 1 establishment unit since 2014
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.
Ooigemstraat 228710 WielsbekeGround area
791 m²
Building footprint
126 m²
Volume, LiDAR
818 m³
Parcel 37017B0447/00N000, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Metaalconstructies by POEDR.
since 20142.230.929.031
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37017B0447/00N000 | Flanders | 791 m² | 1 · 126 m² | 8.0 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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 229,933 EUR awarded · 229,933 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 0 EUR | 91,973 EUR |
| 2022 | 1 | 229,933 EUR | 137,960 EUR |
Schemes
Strategische transformatiesteun
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Of 3,988 companies in sector 25110 we hold annual accounts for 2,148. 1,402 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-05-1988
Fiscal year end31-12
Activities, NACEBEL
25110Manufacture of metal structures and parts of structures
25530Machining of metals
28110
28520
68121Development of residential building projects
70111
Sources
Crossroads Bank for EnterprisesNational Bank · 38 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.