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PROFERRO

Active
Public limited companyfounded 198937 yrs activeSteverlyncklaan 15, 8900 Ieper, BelgiumKBO/BCE: BE 0438.243.426
Summary

PROFERRO has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €49.3m and a net result of €4.2m. Equity is growing by ~8.5% per year across the filed fiscal years. Its solvency ranks better than 82% of 130 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisWatch ReportCompare
PROFERROActiveChecked score 95/100
Risk analysis ReportCompare

Overview

Activity
Manufacture of basic metals
NACE 24100Manufacture of basic metals NACE 24510NACE 27100
#1 company by equity in West Flanders, Basic metals sector1 site
Size
€103.1mturnover 2025
Staff
515.9 FTE
Equity
€49.3m
Profit
€4.2m
Financial health
95 Excellent Checked score 2025
Bankruptcy chance 12 m
0.1%
Structure
Parent
PICANOL · 99.99%
Board
1 member
Holdings
6
Accounts 60 d early1 of 23 deeds read
Why 95- Liquidity: current ratio 4.12, cash €276,666, halved- Sector Manufacture of basic metals (NACE 24)+ Founded in 1989+ Equity €49.3m (80.8% of total assets)Show the evidence

Checked score

Score 2025
95 / 100
Excellent
Probability in this band: under 0.55%
Better than 68% of its sector peers (all companies)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 100=
equity 80.8% of total assets
Liquidity 46+1
short-term debt 17.7% · cash 0.5%
Profitability 72+13
return on assets 6.8%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (15 companies)
Last 13 months 10-2025: 0.2% 11-2025: 0.2%● 0.0% vs 10-2025 12-2025: 0.2%● 0.0% vs 11-2025 01-2026: 0.2%● 0.0% vs 12-2025 02-2026: 0.2%▼ -4.1% vs 01-2026 03-2026: 0.2%▲ +1.6% vs 02-2026 04-2026: 0.2%▲ +2.1% vs 03-2026 05-2026: 0.2%▲ +5.7% vs 04-2026 06-2026: 0.2%▲ +2.5% vs 05-2026highest value 07-2026: 0.1%▼ -44.5% vs 06-2026lowest value 08-2026: 0.1%● 0.0% vs 07-2026lowest value 09-2026: 0.1%● 0.0% vs 08-2026lowest value 10-2026: 0.1%● 0.0% vs 09-2026lowest value
  • Founded in 1989 lowers the probability for this profile
  • Liquidity: current ratio 4.12, cash €276,666, halved raises the probability
  • Sector Manufacture of basic metals (NACE 24) raises the probability
  • Equity €49.3m (80.8% of total assets) lowers the probability
Credit up to €4,650,000 at 30 days acceptable
Liquidity ample (current ratio 4.12 against 3.34 in 2024; short-term debt: 17.7% and cash: 0.5% of total assets), and 19.2% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (all companies). Better than this share of them on solvency 94%, liquidity 50%, profitability 61%, growth against the median 65%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Founded in 1989
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Liquidity: current ratio 4.12, cash €276,666, halved
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Sector Manufacture of basic metals (NACE 24)
In the bankruptcy model this factor raises the probability.
KBO
lowers risk · Equity €49.3m (80.8% of total assets)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
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 01-06-2026, 60 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
60 d early
2024
58 d early
2023
69 d early
2022
76 d early
2021
82 d early
2020
67 d early
2019
39 d early
← 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 64 days before the deadline; the sector median for financial year 2024 is 16 days before the deadline, and 29% 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 24 May (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Reappointment: Catherine Defoor (director)State Gazette act
  2. Annual accounts filedfiscal year 2025 · full…
  3. Back to profitnet €4.2m

Key points

  • Positive: Back in profit in 2025after -€589,174 in 2024 €4.2m View
  • Positive: Company by equity in West Flanders, Basic metals…in the Checked rankings #1 View
  • Positive: Always filed on timeaccounts within the deadline every year 8 years View
  • Controlled by PICANOLknown shareholders 100% 99.99% View
  • Flemish supportawarded 2022 - 2025 €148,112 View

By topic

Financials

Fiscal year
2025
Turnover
€103.1m
Profit
€4.2m
Solvency
80.8%
Turnover▲ 5.6%
Net result
20182025
Go to Financials

Timeline

Events
15
Since
2017
Next accounts
by 31-07-2027
  1. 23-06-2026Reappointment: Catherine Defoor (director)
  2. 01-06-2026Annual accounts filed
  3. 31-12-2025Back to profit
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Manufacture of basic metalsNACE 24100
Founded
11-09-1989
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Go further with this company

How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies

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