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SHAPES METALWORKS

Active
Public limited companyfounded 2022active for 4 yearsNoordlaan 35, 8520 Kuurne, BelgiumKBO/BCE: BE 0785.841.540
Summary

SHAPES METALWORKS has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7.5m and a net result of €225,483, of which €148,939 non-recurring income. Equity is growing by about 6486% per year across the filed financial years. Its solvency ranks better than 49% of 822 sector peers (NACE 25, financial year 2025). The computed 12-month bankruptcy probability is 0.8% (low).

Risk analysisFollow ReportCompare
SHAPES METALWORKSActiveChecked score 69/100
Risk analysis ReportCompare

Overview

Activity
Machining of metals
NACE 25530
3rd largest employer in Kuurne, Manufacturing sector2 sites
Size
€20.2mturnover 2025
Staff
102.6 FTE
Equity
€7.5m
Profit
€225,483
Equity +13,453%: branch of activity transferred
Financial health
69 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.8%
Structure
Parent
DACAR · 54%
Holdings
3
Auditor: Moore Audit2025 accounts 4 days early3 of 4 deeds summarised
Why 69raises riskFounded in 2022Liquidity: current ratio 1.68, cash €722,724Size: turnover €20.2m, 102.6 FTE, total assets €17.0mlowers riskFigures for financial year 2025 (filed 27-07-2026)Show the evidence

Checked score

Score 2025
69 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 61% of its sector peers (NACE 25, medium-sized)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Average
Solvency 69-31
equity 44.5% of total assets
Liquidity 45-55
short-term debt 26.9% · cash 4.3%
Profitability 45+17
return on assets 1.3%
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%

About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (132 companies, NACE 25, medium-sized)
Last 24 months 11-2024: 0.3% 12-2024: 0.3%● unchanged vs 11-2024 01-2025: 0.2%▼ -0.1 percentage points vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.3%▲ +0.1 percentage points vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.3%● unchanged vs 06-2025 08-2025: 0.2%▼ -0.1 percentage points vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.3%▲ +0.1 percentage points vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.2%▼ -0.1 percentage points vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026lowest value 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.8%▲ +0.6 percentage points vs 07-2026 09-2026: 0.8%● unchanged vs 08-2026 10-2026: 0.8%● unchanged vs 09-2026highest value
Credit of up to €500,000 on 30-day terms is acceptable
Liquidity ample (current ratio 1.68, above the usual 1.5; short-term debt: 26.9% and cash: 4.3% of total assets), but 55.5% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 25, medium-sized): better than 59% on solvency, 63% on liquidity, 20% on profitability and 99% on growth.

The bankruptcy probability was computed on 23-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · Founded in 2022
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
raises risk · Liquidity: current ratio 1.68, cash €722,724
NBB · annual accounts
raises risk · Size: turnover €20.2m, 102.6 FTE, total assets €17.0m
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed 27-07-2026)
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 27-07-2026, 4 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
4 days early
2024
7 days early
2023
1 day early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 4 days before the deadline; the sector median (NACE 25) for financial year 2024 is 8 days before the deadline, and 35% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 July (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
24-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2022.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Back to profitnet €225,483
  3. Equity above €5mequity €7.5m ▲13,453%

Key points

  • Positive: Back in profit in 2025after -€2,049 in 2024 €225,483 View
  • Positive: 3rd largest employer in Kuurne, Manufacturing sectorin the Checked rankings No. 3 View
  • Controlled by DACARthe company in turn controls 2 companies 54% View
  • Branch transferred to SHAPES METALWORKScontribution on 28-10-2025 2025 View

By topic

Financials

Financial year
2025
Turnover
€20.2m
Profit
€225,483
Solvency
44.5%
Go to Financials

Network & group

Subsidiaries
2
Direct holdings
3
Mergers and asset contributions
1

3 holdings

Go to Network & group

Timeline

Events
8
Since
2024
Next accounts
by 31-07-2027
  1. 28-10-2025Capital & shares · Name · Restructuring
  2. 13-08-2025Appointment: BV MOORE AUDIT (statutory auditor)
  3. 29-07-2025Restructuring
Go to Timeline

Company details

Sites
2
Legal form
Public limited company
Activity
Machining of metalsNACE 25530
Founded
09-05-2022
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
13
Purpose
“C)Alle vormen van oppervlaktebehandeling en bekleding van metaal (onder andere verven…” (deed in Dutch)
Go to Articles of association

Key facts about SHAPES METALWORKS

What is the company number of SHAPES METALWORKS?
0785.841.540. In Belgium the VAT number is the company number with BE in front: BE 0785.841.540.
Where is SHAPES METALWORKS based?
The registered office is at Noordlaan 35, 8520 Kuurne.Company details
What does SHAPES METALWORKS do?
According to the KBO register, the main activity is machining of metals (NACE 25530).
What is the legal form of SHAPES METALWORKS?
Public limited company (NV).
When was SHAPES METALWORKS founded?
On 09-05-2022.
Is SHAPES METALWORKS still active?
Yes, SHAPES METALWORKS is an active enterprise in the KBO register.
How many employees does SHAPES METALWORKS have?
On average 102.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of SHAPES METALWORKS?
€20.2m in financial year 2025, according to the filed annual accounts.
Is SHAPES METALWORKS profitable?
In financial year 2025, SHAPES METALWORKS made a profit of €225,483.
Where can I find the annual accounts of SHAPES METALWORKS?
SHAPES METALWORKS filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of SHAPES METALWORKS due?
By 31-07-2027, for financial year 2026.Timeline

Companies related to SHAPES METALWORKS

Parent and group

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