Checked.be
Active
BE 0404.415.467Public limited company
PRECISION LIEGEOISE
Rue Désiré Janson 59 ·4040 Herstal, Belgium· 102 yrs active
Sector: Machining of metals
(25530)
Conclusion
PRECISION LIEGEOISE has been active since 1923 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.34M and a net result of €-81k. Equity is shrinking by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 69% of 656 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €1.34M |
| Net result | €-81k |
| Staff (FTE) | 14.2 |
| Better than sector | 69% |
Financial profile
57
/ 100
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
Health
52
Profitability
0
Solvency
99
Growth
32
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1923, 102 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
52
/ 100
Fair
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€70k
estimate, not credit advice
Score history
93
2022
83
2023
86
2024
52
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 2.48 (≥ 1.5)
+10
Quick ratio
Quick ratio 1.75 (≥ 1.0)
+5
Leverage
Debt/equity 0.62 (< 1.0)
+10
Profitability
Negatieve ROE -6%
-10
Interest coverage
Interest coverage 1.1× (< 1.5×)
-10
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 31-08-2026 with the NBB · fiscal year 2025 · full schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Net result: declining trend of ~97.2%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 25, Manufacture of fabricated metal products, except machinery and equipment · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 61.8% | 46.7% | |
| Net result | €-81k | €80k | |
| Equity | €1.34M | €1.21M | |
| Gross operating margin | €805k | €719k | |
| Staff costs | €779k | €1.06M |
€12k
-94.3%
22-25
€-81k
-
22-25
€7k
-96.3%
22-25
€2.17M
-15.6%
22-25
€1.34M
-5.8%
22-25
€951k
-6.3%
22-25
14
-12.9%
22-25
€779k
-5.2%
22-25
€832
-98.1%
22-25
€100k
-66.7%
22-25
€830k
-27.7%
22-25
€642k
-29.5%
22-25
€188k
-14.8%
22-25
2.48
+17.4%
22-25
1.75
+3.4%
22-25
61.8%
+11.6%
22-25
0.62
-23.2%
22-25
-6.0%
-
22-25
-3.7%
-
22-25
1.06
-96.6%
22-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | full schema | full schema | full schema | full schema |
| Revenue | - | - | - | - |
| EBITDA | €12k | €219k | €231k | €470k |
| Net profit | €-81k | €103k | €131k | €283k |
| Cash flow | €7k | €187k | €206k | €362k |
| Staff costs | €779k | €822k | €837k | €911k |
| Income taxes | €832 | €43k | €50k | €106k |
| Dividends | - | €100k | €300k | €300k |
| Total assets | €2.17M | €2.58M | €2.50M | €2.50M |
| Equity | €1.34M | €1.43M | €1.43M | €1.58M |
| Debt | €830k | €1.15M | €1.07M | €918k |
| of which ≤ 1y | €642k | €911k | €1.03M | €833k |
| of which > 1y | €188k | €221k | €33k | €83k |
| Working capital | €951k | €1.02M | €1.02M | €1.15M |
| Employees (FTE) | 14.2 | 16.3 | 16.6 | 20.1 |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 2.48 | 2.11 | 1.99 | 2.38 |
| Quick ratio | 1.75 | 1.69 | 1.63 | 2.01 |
| Working capital ratio | 43.8% | 39.4% | 40.8% | 45.9% |
| Solvency | 61.8% | 55.4% | 57.1% | 63.3% |
| Debt / equity | 0.62 | 0.80 | 0.75 | 0.58 |
| Long-term debt ratio | 0.14 | 0.15 | 0.02 | 0.05 |
| Interest coverage | 1.06 | 31.11 | 67.79 | 100.57 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | -3.7% | 4.0% | 5.3% | 11.3% |
| ROE | -6.0% | 7.2% | 9.2% | 17.9% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (26 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €2.17M | €2.58M | €2.50M | €2.50M |
| Fixed assets | 21/28 | €581k | €649k | €449k | €520k |
| Tangible fixed assets | 22/27 | €568k | €637k | €437k | €507k |
| Financial fixed assets | 28 | €13k | €13k | €13k | €13k |
| Current assets | 29/58 | €1.59M | €1.93M | €2.05M | €1.98M |
| Stocks & contracts in progress | 3 | €472k | €389k | €370k | €310k |
| Amounts receivable within one year | 40/41 | €658k | €853k | €801k | €834k |
| Investments | 50/53 | €148k | €381k | €4k | €444k |
| Cash & bank | 54/58 | €314k | €294k | €865k | €384k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €2.17M | €2.58M | €2.50M | €2.50M |
| Equity | 10/15 | €1.34M | €1.43M | €1.43M | €1.58M |
| Contributions / capital | 10/11 | €1.07M | €1.07M | €1.07M | €1.07M |
| Reserves | 13 | €107k | €107k | €107k | €107k |
| Accumulated profits (losses) | 14 | €150k | €231k | €228k | €397k |
| Amounts payable | 17/49 | €830k | €1.15M | €1.07M | €918k |
| Amounts payable after one year | 17 | €188k | €221k | €33k | €83k |
| Amounts payable within one year | 42/48 | €642k | €911k | €1.03M | €833k |
| Trade debts payable within one year | 44 | €285k | €554k | €795k | €517k |
| Income statement | |||||
| Gross operating margin | 9900 | €805k | €1.05M | €1.08M | €1.40M |
| Operating result | 9901 | €-76k | €135k | €156k | €391k |
| Financial income | 75 | €7k | €18k | €29k | €2k |
| Financial charges | 65 | €12k | €7k | €3k | €5k |
| Result before taxes | 9903 | €-80k | €146k | €182k | €389k |
| Income taxes | 67/77 | €832 | €43k | €50k | €106k |
| Net result for the period | 9904 | €-81k | €103k | €131k | €283k |
| Result to be appropriated | 9905 | €-81k | €103k | €131k | €283k |
Legal Structure
| NACE primary | Machining of metals(25530) |
| Legal form | Public limited company(014) |
| Incorporation | 29-12-1923 |
| Status | Active |
| Postal code | 4040 |
Establishment units
Rue Désiré Janson 59, 4040 Herstal
since 19232.003.102.953
Real-estate footprint
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62315G0674/00B000 | Wallonia | 369 m² | 1 · 143 m² | 11.1 m · 3 fl. |
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.
Updates
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-81k ▼179%
Net result drops to €-81k, the lowest in the series.
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 25 days late
2024
29-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 60 days late
2023
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 18 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
13-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 74 days late
2020
01-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 32 days late
2019
13-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 13 days late
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Machining of metals2553028520
Names & trade names
| Legal nameFR | PRECISION LIEGEOISE |
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