Skip to content

REVERSE METALLURGY

Active
Cooperative companyfounded 201411 yrs activeAvenue du Bois Saint-Jean 21, 4000 Liège, BelgiumKBO/BCE: BE 0505.707.718
Summary

REVERSE METALLURGY has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €57,002 and a net result of €861. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 15% of 8763 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability38=
Solvency35▼-1
Growth35=
Track record100
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 1.98 against 3.1 in 2024; short-term debt: 50.4% and cash: 0.5% of total assets), but 90.2% of the assets are financed with debt.
Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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 2025
Solvency, return and age of the figures
Solvency
9.8%
Return on assets
0.1%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 11 years 0 20 y
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 8763 sector peers (2025).
NBB · sector comparison
Position among 8763 sector peers
Solvency
better than 15%
← weakest strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year €57,002
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
31 d late
2024
29 d late
2023
23 d early
2022
25 d early
2021
25 d late
2020
30 d late
2019
27 d late
← 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 13 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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 25 August (4 of the last 5 filed years within 47 days of that day).
Companies Code · seven months
Position in the running window
29-09-2026 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

History

On 26 November 2014, REVERSE METALLURGY was incorporated.1 Revenue went from EUR 139,845 in 2018 to EUR 100,987 in 2020.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2020

Go further with this company

Is this your company? See how customers and banks see it.

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2025, abbreviated schema

Turnover
€100,987▼ 28.8%
2019 · €141,783
EBIT margin
0.3%▼ 1.5pp
2019 · 1.7%
Net result
€861▲ 38.7%
2024 · €621
Working capital
€287,074▼ 11.0%
2024 · €322,413
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Turnover
Operating result€180▼ 31.9%€2,181▲ 1,111%€5,670▲ 160%€5,475▼ 3.4%€5,775▲ 5.5%
Net result€82below the sector's middle half▲ 268%€90below the sector's middle half▲ 9.8%€577within the sector's middle half▲ 543%€621within the sector's middle half▲ 7.5%€861below the sector's middle half▲ 38.7%
EBIT margin
Equity€40,854below the sector's middle half▲ 0.2%€40,944below the sector's middle half▲ 0.2%€41,521below the sector's middle half▲ 1.4%€54,141below the sector's middle half▲ 30.4%€57,002below the sector's middle half▲ 5.3%
Total assets€168,433below the sector's middle half▲ 4.1%€284,465below the sector's middle half▲ 68.9%€392,892below the sector's middle half▲ 38.1%€475,639within the sector's middle half▲ 21.1%€578,765within the sector's middle half▲ 21.7%
Debt€127,579▲ 5.5%€243,521▲ 90.9%€351,371▲ 44.3%€421,498▲ 20.0%€521,763▲ 23.8%
Working capital€82,454within the sector's middle half▲ 75.2%€182,763within the sector's middle half▲ 122%€343,593within the sector's middle half▲ 88.0%€322,413within the sector's middle half▼ 6.2%€287,074within the sector's middle half▼ 11.0%
Solvency24.3%within the sector's middle half▼ 1.0pp14.4%below the sector's middle half▼ 9.9pp10.6%below the sector's middle half▼ 3.8pp11.4%below the sector's middle half▲ 0.8pp9.8%below the sector's middle half▼ 1.5pp
Current ratio1.96within the sector's middle half▲ 0.552.80within the sector's middle half▲ 0.847.97above the sector's middle half▲ 5.173.10within the sector's middle half▼ 4.871.98within the sector's middle half▼ 1.12
Return on assets (ROA)0.0%below the sector's middle half=0.0%below the sector's middle half=0.1%within the sector's middle half▲ 0.1pp0.1%within the sector's middle half=0.1%below the sector's middle half=
above within below the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
€0€2,000€4,000€6,000Operating result 2021: €180€180Net result 2021: €82€82Operating result 2022: €2,181€2,181Net result 2022: €90€90Operating result 2023: €5,670€5,670Net result 2023: €577€577Operating result 2024: €5,475€5,475Net result 2024: €621€621Operating result 2025: €5,775€5,775Net result 2025: €861€86120212022202320242025€0€2,000€4,000€6,000Operating result 2023: €5,670€5,670Net result 2023: €577€577Operating result 2024: €5,475€5,480Net result 2024: €621€621Operating result 2025: €5,775€5,770Net result 2025: €861€861202320242025
The operating result recovers in 2025; 2025 is 5% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €578,765
Equity €57,002 ▲ 5.3%
Debt €521,763 ▲ 23.8%
Debt's share of the balance-sheet total rises from 88.6% to 90.2%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
Debt to equity
9.15▲
2024 · 7.79
ROE
1.5%▲
2024 · 1.1%
Debt ≤ 1 year
€291,691▲
2024 · €153,226
Debt > 1 year
€228,752=
2024 · €228,752
Income taxes
€386▲
2024 · €246
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,448 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 96% are still going.

  • Small
  • 10 to 20 years old
  • solvency under 10%
  • a profit under 5% of the balance sheet
2.0% went bankrupt
2.1% stopped otherwise
96% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 1,448 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 37 lines
Balance sheet Code20242025
Assets
Total assets20/58€475,639€578,765▲
Current assets29/58€475,639€578,765▲
Amounts receivable within one year40/41€332,182€534,463▲
Trade receivables40€100,353€246,436▲
Other amounts receivable41€231,829€288,027▲
Current investments50/53€135,621€41,486▼
Cash at bank and in hand54/58€7,836€2,816▼
Equity and liabilities
Total equity and liabilities10/49€475,639€578,765▲
Equity10/15€54,141€57,002▲
Contributions10/11€34,000€36,000▲
Reserves13€10,943€10,943=
Distributable reserves133€10,943€10,943=
Profit (loss) carried forward14€9,199€10,059▲
Amounts payable17/49€421,498€521,763▲
Amounts payable after more than one year17€228,752€228,752=
Financial debts170/4€100,000€100,000=
Other amounts payable178/9€128,752€128,752=
Amounts payable within one year42/48€153,226€291,691▲
Trade debts44€153,130€291,521▲
Suppliers440/4€153,130€291,521▲
Taxes, remuneration and social security45€96€170▲
Taxes450/3€96€170▲
Accrued charges and deferred income492/3€39,520€1,320▼
Income statement Code20242025
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€42,339-€42,339▼
Other operating charges640/8€707€632▼
Gross operating margin9900€48,522-€35,932▼
Operating profit (loss)9901€5,475€5,775▲
Financial income75/76B€733€800▲
Recurring financial income75€733€800▲
Financial charges65/66B€5,342€5,328▼
Recurring financial charges65€5,342€5,328▼
Profit (loss) for the period before taxes9903€866€1,247▲
Income taxes67/77€246€386▲
Profit (loss) for the period9904€621€861▲
Profit (loss) for the period to be appropriated9905€621€861▲
Appropriation of the result
Profit (loss) to be appropriated9906€9,199€10,059▲
Profit (loss) brought forward from the previous period14P€8,578€9,199▲

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4---€42,339-€42,339▼ 200%
Other operating charges640/8€1,135€181€824€707€632▼ 10.6%
Gross operating margin9900€1,315€2,363€6,494€48,522-€35,932▼ 174%
Operating profit (loss)9901€180€2,181€5,670€5,475€5,775▲ 5.5%
Financial income75/76B--€455€733€800▲ 9.2%
Recurring financial income75--€455€733€800▲ 9.2%
Financial charges65/66B€70€2,060€5,339€5,342€5,328▼ 0.3%
Recurring financial charges65€70€2,060€5,339€5,342€5,328▼ 0.3%
Profit (loss) for the period before taxes9903€110€121€786€866€1,247▲ 43.9%
Income taxes67/77€28€31€209€246€386▲ 57.2%
Profit (loss) for the period9904€82€90€577€621€861▲ 38.7%
Profit (loss) for the period to be appropriated9905€82€90€577€621€861▲ 38.7%
Line20212022202320242025Change
Assets
Total assets20/58€168,433€284,465€392,892€475,639€578,765▲ 21.7%
Current assets29/58€168,433€284,465€392,892€475,639€578,765▲ 21.7%
Amounts receivable within one year40/41€89,626€178,137€295,044€332,182€534,463▲ 60.9%
Trade receivables40€16,533€71,599€150,849€100,353€246,436▲ 146%
Other amounts receivable41€73,093€106,538€144,195€231,829€288,027▲ 24.2%
Current investments50/53€7,546€5,546€60,000€135,621€41,486▼ 69.4%
Cash at bank and in hand54/58€71,261€100,781€37,740€7,836€2,816▼ 64.1%
Deferred charges and accrued income490/1--€108---
Equity and liabilities
Total equity and liabilities10/49€168,433€284,465€392,892€475,639€578,765▲ 21.7%
Equity10/15€40,854€40,944€41,521€54,141€57,002▲ 5.3%
Contributions10/11€22,000€22,000€22,000€34,000€36,000▲ 5.9%
Reserves13€10,943€10,943€10,943€10,943€10,943=
Non-distributable reserves130/1€943-----
Reserves not available under the articles1311€943-----
Distributable reserves133€10,000€10,943€10,943€10,943€10,943=
Profit (loss) carried forward14€7,911€8,001€8,578€9,199€10,059▲ 9.4%
Amounts payable17/49€127,579€243,521€351,371€421,498€521,763▲ 23.8%
Amounts payable after more than one year17-€100,000€228,752€228,752€228,752=
Financial debts170/4-€100,000€100,000€100,000€100,000=
Other amounts payable178/9--€128,752€128,752€128,752=
Amounts payable within one year42/48€85,979€101,701€49,299€153,226€291,691▲ 90.4%
Trade debts44€85,948€101,642€49,196€153,130€291,521▲ 90.4%
Suppliers440/4€85,948€101,642€49,196€153,130€291,521▲ 90.4%
Taxes, remuneration and social security45€31€60€103€96€170▲ 77.2%
Taxes450/3€31€60€103€96€170▲ 77.2%
Accrued charges and deferred income492/3€41,600€41,820€73,320€39,520€1,320▼ 96.7%
Line20212022202320242025Change
Profit (loss) for the period9904€82€90€577€621€861▲ 38.7%
Operating cash flow (approximation)€82€90€577€621€861▲ 38.7%
Change in cash-€29,521-€63,041-€29,904-€5,020▲ 83.2%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
31-08
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
29-08
NBB filing Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
08-07
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial Liquidity triplescurrent ratio 7.97
Current ratio from 2.80 to 7.97; short-term debt falls from €101,701 to €49,299.
06-07
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
25-08
NBB filing Annual accounts filed
fiscal year 2021 · full schema · 25 days late
2021
30-08
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
31-12
Financial Weakest financial yearnet €22 ▼96.2%
Net result drops to €22, the lowest in the series; recovery starts the following year.
27-08
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 27 days late
2019
30-07
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
09-07
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
11-07
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.
0 of 10 acts read
About the unread acts

We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
10 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, Liège · 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.

Avenue du Bois Saint-Jean 214000 Liège
1 establishment unit
REVERSE METALLURGY
Avenue du Bois Saint-Jean 21, 4000 LiègeBusiness consulting
since 20142.237.711.212

Structure & network

Owners and holdings

3 owners

Owners 3

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 38,755 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formCooperative company
Founded26-11-2014
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID 0208:0505707718
Also 9925:BE0505707718
Registered 02-02-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.