TAPI METAALKONSTRUKTIES
ActiveTAPI METAALKONSTRUKTIES has been active since 1948 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.72M and a net result of €931k. Equity is growing by ~7.1% per year across the filed fiscal years. Its solvency ranks better than 80% of 1026 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
87
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability92▲+2
Solvency99▼-1
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €320k at 30 days acceptable
Liquidity ample (current ratio 3.09 against 4.24 in 2024; short-term debt: 26.3% and cash: 22.3% of total assets), and 26.3% of the assets are financed with debt.
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
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 · 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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
73.7%
Return on assets
18.4%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 31-01-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
29 d late
2022
27 d late
2021
16 d early
2020
1 d early
2019
13 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close17-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€3.72M▲ 13.4%
2024 · €3.28M
2019: €3.30M
2020: €2.44M
2021: €2.60M
2022: €2.62M
2023: €2.99M
2024: €3.28M
2019 → 2025
Total assets
€5.05M▲ 23.8%
2024 · €4.08M
2019: €3.87M
2020: €2.80M
2021: €3.28M
2022: €3.52M
2023: €3.84M
2024: €4.08M
2019 → 2025
Net result
€931k▲ 34.1%
2024 · €694k
2019: €438k
2020: €179k
2021: €409k
2022: €494k
2023: €728k
2024: €694k
2019 → 2025
Working capital
€2.78M▲ 9.6%
2024 · €2.53M
2019: €2.87M
2020: €2.03M
2021: €2.26M
2022: €2.28M
2023: €2.46M
2024: €2.53M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.60M-€2.62M▲ 0.8%€2.99M▲ 13.8%€3.28M▲ 9.8%€3.72M▲ 13.4%
Operating result€449k-€481k▲ 7.2%€916k▲ 90.3%€755k▼ 17.5%€992k▲ 31.2%
Net result€409k-€494k▲ 20.7%€728k▲ 47.3%€694k▼ 4.7%€931k▲ 34.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 31% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.05M
Fixed assets
€944k▲ 23.6%
Current assets
€4.11M▲ 23.9%
Equity and liabilities €5.05M
Equity
€3.72M▲ 13.4%
Debt
€1.33M▲ 66.6%
The debt ratio rises from 19.6% to 26.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.17M▲
2024 · €888k
Cash flow
€1.11M▲
2024 · €826k
Solvency
73.7%▼
2024 · 80.4%
Current ratio
3.09▼
2024 · 4.24
Quick ratio
2.92▼
2024 · 3.93
Debt / equity
0.36▲
2024 · 0.24
ROE
25.0%▲
2024 · 21.1%
ROA
18.4%▲
2024 · 17.0%
Interest coverage
148.65▲
2024 · 113.31
Debt
€1.33M▲
2024 · €799k
Debt ≤ 1 year
€1.33M▲
2024 · €783k
Income taxes
€153k▲
2024 · €95k
Staff costs
€373k▼
2024 · €414k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€4.08M€5.05M▲
Fixed assets21/28€764k€944k▲
Tangible fixed assets22/27€624k€804k▲
Land and buildings22€98k€96k▼
Plant, machinery and equipment23€472k€682k▲
Furniture and vehicles24€34k€27k▼
Assets under construction and advance payments27€20k€0▼
Financial fixed assets28€140k€140k=
Current assets29/58€3.32M€4.11M▲
Amounts receivable after more than one year29€9k€0▼
Other amounts receivable291€9k€0▼
Stocks and contracts in progress3€237k€216k▼
Stocks30/36€161k€157k▼
Contracts in progress37€76k€58k▼
Amounts receivable within one year40/41€830k€1.14M▲
Trade receivables40€803k€996k▲
Other amounts receivable41€27k€147k▲
Current investments50/53€1.69M€1.62M▼
Cash at bank and in hand54/58€550k€1.12M▲
Deferred charges and accrued income490/1€5k€6k▲
Equity and liabilities
Total equity and liabilities10/49€4.08M€5.05M▲
Equity10/15€3.28M€3.72M▲
Contributions10/11€250k€250k=
Capital10€250k€250k=
Issued capital100€250k€250k=
Reserves13€3.03M€3.47M▲
Non-distributable reserves130/1€123k€123k=
Legal reserve130€123k€123k=
Tax-exempt reserves132€211k€360k▲
Distributable reserves133€2.70M€2.99M▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€799k€1.33M▲
Amounts payable within one year42/48€783k€1.33M▲
Financial debts43€325€1k▲
Credit institutions430/8€325€1k▲
Trade debts44€333k€335k▲
Suppliers440/4€333k€335k▲
Taxes, remuneration and social security45€30k€90k▲
Taxes450/3€4k€79k▲
Remuneration and social security454/9€26k€12k▼
Other amounts payable47/48€420k€905k▲
Accrued charges and deferred income492/3€16k€16▼
Income statement
Code20242025
Remuneration, social security and pensions62€414k€373k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€132k€182k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0€2k▲
Other operating charges640/8€19k€26k▲
Gross operating margin9900€1.32M€1.57M▲
Operating profit (loss)9901€755k€992k▲
Financial income75/76B€41k€100k▲
Recurring financial income75€41k€100k▲
Financial charges65/66B€8k€8k▲
Recurring financial charges65€8k€8k▲
Profit (loss) for the period before taxes9903€789k€1.08M▲
Income taxes67/77€95k€153k▲
Profit (loss) for the period9904€694k€931k▲
Transfer from tax-exempt reserves789-€40k
Transfer to tax-exempt reserves689€211k€189k▼
Profit (loss) for the period to be appropriated9905€484k€781k▲
Appropriation of the result
Profit (loss) to be appropriated9906€484k€781k▲
Transfer to equity691/2€84k€291k▲
To other reserves6921€84k€291k▲
Profit to be distributed694/7€400k€490k▲
Directors or managers695€400k€490k▲
Social balance
Average headcount (FTE)90875.95.1▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Highest result since 2019net €931k ▲34.1%
Operating result €992k, net result €931k, both a record.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
29-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
27-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 27 days late
2022
15-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Weakest financial yearnet €179k ▼59.2%
Net result drops to €179k, the lowest in the series; recovery starts the following year.
18-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
09-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 9 days late
2017
08-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 8 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Gent · 1 establishment unit since 1948
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.
Willem Tellstraat 139000 GentGround area
9,356 m²
Building footprint
3,944 m²
Volume, LiDAR
29,997 m³
2 parcels, Flanders · tallest building 21.4 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
TAPI METAALKONSTRUKTIES NV
since 19482.121.322.791
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44813S0433/00D000 | Flanders | 9,177 m² | 1 · 3,738 m² | 9.5 m · 2 fl. |
| 44805E1365/00D002 | Flanders | 179 m² | 1 · 206 m² | 21.4 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 1,521 EUR awarded · 458 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,063 EUR | 0 EUR |
| 2024 | 1 | 458 EUR | 458 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
894500BL9EJC4N5Q4P23
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Of 3,988 companies in sector 25110 we hold annual accounts for 2,148. 776 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded18-05-1948
Fiscal year end30-06
Activities, NACEBEL
25110Manufacture of metal structures and parts of structures
28110
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.