QJ METAL
ActiveThe computed 12-month bankruptcy probability of QJ METAL is 1.5% (moderate). The 2024 annual accounts show negative equity (€-134k) and a net result of €-68k. Equity is shrinking by ~48.9% per year across the filed fiscal years. Its solvency ranks better than 7% of 2437 sector peers (fiscal year 2024). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
22
/ 100
Critical
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability2▼-67
Solvency0▼-14
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.36 against 0.46 in 2023; short-term debt: 100.4% and cash: 0% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-25.8%
Return on assets
-13%
Age of the figures
21 mo
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
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-134k
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 19-07-2025, 12 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
12 d early
2023
12 d early
2022
25 d late
2021
31 d late
2020
30 d late
2019
31 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€-134k▼ 102%
2023 · €-66k
2018: €52k
2019: €67k
2020: €5k
2021: €-87k
2022: €-79k
2023: €-66k
2018 → 2024
Total assets
€519k▼ 17.1%
2023 · €626k
2018: €639k
2019: €710k
2020: €637k
2021: €584k
2022: €637k
2023: €626k
2018 → 2024
Net result
€-68k
2023 · €13k
2018: €-29k
2019: €15k
2020: €-62k
2021: €-93k
2022: €8k
2023: €13k
2018 → 2024
Working capital
€-335k▼ 19.0%
2023 · €-281k
2018: €-149k
2019: €-97k
2020: €-183k
2021: €-274k
2022: €-298k
2023: €-281k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€5k-€-87k€-79k▲ 9.2%€-66k▲ 16.3%€-134k▼ 102%
Operating result€-48k-€-78k▼ 62.9%€25k€23k▼ 8.4%€-55k
Net result€-62k-€-93k▼ 49.8%€8k€13k▲ 60.5%€-68k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €55k after €23k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €519k
Fixed assets
€332k▼ 13.0%
Current assets
€187k▼ 23.4%
Key figures and ratios
EBITDA
€-5k▼
2023 · €73k
Cash flow
€-18k▼
2023 · €63k
Solvency
-25.8%▼
2023 · -10.6%
Current ratio
0.36▼
2023 · 0.46
Quick ratio
0.20▼
2023 · 0.29
Debt / equity
-4.87▲
2023 · -10.42
ROA
-13.0%▼
2023 · 2.1%
Interest coverage
-0.48▼
2023 · 5.76
Debt
€654k▼
2023 · €693k
Debt ≤ 1 year
€522k▼
2023 · €525k
Debt > 1 year
€132k▼
2023 · €167k
Staff costs
€188k▼
2023 · €218k
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€626k€519k▼
Fixed assets21/28€382k€332k▼
Tangible fixed assets22/27€375k€325k▼
Land and buildings22€276k€255k▼
Plant, machinery and equipment23€74k€59k▼
Furniture and vehicles24€24k€11k▼
Financial fixed assets28€8k€8k=
Current assets29/58€244k€187k▼
Stocks and contracts in progress3€90k€85k▼
Stocks30/36€90k€85k▼
Amounts receivable within one year40/41€146k€97k▼
Trade receivables40€146k€92k▼
Other amounts receivable41-€6k
Cash at bank and in hand54/58€401€101▼
Deferred charges and accrued income490/1€8k€5k▼
Equity and liabilities
Total equity and liabilities10/49€626k€519k▼
Equity10/15€-66k€-134k▼
Contributions10/11€72k€72k=
Reserves13€7k€7k=
Non-distributable reserves130/1€7k€7k=
Reserves not available under the articles1311€7k€7k=
Profit (loss) carried forward14€-146k€-213k▼
Amounts payable17/49€693k€654k▼
Amounts payable after more than one year17€167k€132k▼
Financial debts170/4€167k€132k▼
Amounts payable within one year42/48€525k€522k▼
Current portion of amounts payable after more than one year42€45k€35k▼
Financial debts43€49k€49k▲
Credit institutions430/8€49k€49k▲
Trade debts44€71k€26k▼
Suppliers440/4€71k€26k▼
Advances received on contracts in progress46€4k€4k=
Taxes, remuneration and social security45€52k€125k▲
Taxes450/3€25k€30k▲
Remuneration and social security454/9€27k€95k▲
Other amounts payable47/48€305k€283k▼
Income statement
Code20232024
Remuneration, social security and pensions62€218k€188k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€50k€50k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€25-
Other operating charges640/8€740€17k▲
Gross operating margin9900€292k€199k▼
Operating profit (loss)9901€23k€-55k▼
Financial income75/76B€16k€6▼
Recurring financial income75€16k€6▼
Financial charges65/66B€25k€13k▼
Recurring financial charges65€13k€11k▼
Non-recurring financial charges66B€13k€2k▼
Profit (loss) for the period before taxes9903€13k€-68k▼
Profit (loss) for the period9904€13k€-68k▼
Profit (loss) for the period to be appropriated9905€13k€-68k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-146k€-213k▼
Profit (loss) brought forward from the previous period14P€-159k€-146k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
19-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
31-12
Financial
Back to profitnet €8k
Net result €8k after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €-93k
Net result drops to €-93k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 24 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 21 days late
2016
16-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Fernelmont · 1 establishment unit since 2015
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.
Rue Léopold Genicot, ZI, Nov. 65380 Fernelmont1 establishment unit
QJ METAL
since 20152.238.714.765
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Of 3,986 companies in sector 25110 we hold annual accounts for 2,147. 519 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-01-2015
Fiscal year end31-12
Activities, NACEBEL
25110Manufacture of metal structures and parts of structures
25120Manufacture of fabricated metal products, except machinery and equipment
25401Forging of metal
25530Machining of metals
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filings
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.