FREAL Metaalbewerking
ActiveSummary
FREAL Metaalbewerking has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.83M and a net result of €372k. Equity is growing by ~22.4% per year across the filed fiscal years. Its solvency ranks better than 86% of 7777 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
89
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability89▲+2
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €160k at 30 days acceptable
Liquidity ample (current ratio 3.44 against 4.66 in 2024; short-term debt: 20% and cash: 43% of total assets), and 22% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
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
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
78%
Return on assets
15.8%
Age of the figures
9 mo
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 24-04-2026, 98 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
98 d early
2024
98 d early
2023
93 d early
2022
7 d early
2021
4 d early
2020
9 d early
2019
3 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.83M▼ 9.9%
2024 · €2.04M
2018: €582k
2019: €786k
2020: €868k
2021: €1.07M
2022: €1.39M
2023: €1.88M
2024: €2.04M
2018 → 2025
Total assets
€2.35M▼ 6.8%
2024 · €2.52M
2018: €2.29M
2019: €2.36M
2020: €2.27M
2021: €2.25M
2022: €2.48M
2023: €2.81M
2024: €2.52M
2018 → 2025
Net result
€372k▲ 2.2%
2024 · €364k
2018: €193k
2019: €204k
2020: €83k
2021: €287k
2022: €410k
2023: €492k
2024: €364k
2018 → 2025
Working capital
€1.15M▼ 13.9%
2024 · €1.34M
2018: €501k
2019: €444k
2020: €722k
2021: €962k
2022: €1.14M
2023: €1.55M
2024: €1.34M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.07M-€1.39M▲ 30.0%€1.88M▲ 35.3%€2.04M▲ 8.0%€1.83M▼ 9.9%
Operating result€434k-€605k▲ 39.5%€725k▲ 20.0%€513k▼ 29.4%€525k▲ 2.4%
Net result€287k-€410k▲ 42.8%€492k▲ 19.9%€364k▼ 26.1%€372k▲ 2.2%
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 2% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.35M
Fixed assets
€732k ▼ 11.0%
Current assets
€1.62M ▼ 4.8%
Equity and liabilities €2.35M
Equity
€1.83M ▼ 9.9%
Provisions
€770 ▼ 48.9%
Debt
€517k ▲ 6.4%
Debt's share of the balance-sheet total rises from 19.3% to 22.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€689k▲
2024 · €662k
Cash flow
€536k▲
2024 · €514k
Current ratio
3.44▼
2024 · 4.66
Quick ratio
3.35▼
2024 · 4.54
Debt to equity
0.28▲
2024 · 0.24
ROE
20.3%▲
2024 · 17.9%
ROA
15.8%▲
2024 · 14.4%
Interest coverage
68.81▲
2024 · 32.38
Debt ≤ 1 year
€471k▲
2024 · €365k
Debt > 1 year
€18k▼
2024 · €95k
Income taxes
€173k▲
2024 · €163k
Staff costs
€265k▼
2024 · €277k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 62 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.52M€2.35M▼
Fixed assets21/28€822k€732k▼
Tangible fixed assets22/27€818k€726k▼
Land and buildings22€359k€312k▼
Plant, machinery and equipment23€353k€345k▼
Furniture and vehicles24€106k€70k▼
Financial fixed assets28€4k€6k▲
Current assets29/58€1.70M€1.62M▼
Amounts receivable after more than one year29€443k-
Other amounts receivable291€443k-
Stocks and contracts in progress3€44k€45k▲
Stocks30/36€21k€22k▲
Contracts in progress37€23k€23k▲
Amounts receivable within one year40/41€268k€548k▲
Trade receivables40€267k€548k▲
Other amounts receivable41€1k€76▼
Cash at bank and in hand54/58€917k€1.01M▲
Deferred charges and accrued income490/1€30k€16k▼
Equity and liabilities
Total equity and liabilities10/49€2.52M€2.35M▼
Equity10/15€2.04M€1.83M▼
Contributions10/11€19k€19k=
Reserves13€2.02M€1.82M▼
Tax-exempt reserves132€6k€3k▼
Distributable reserves133€2.01M€1.81M▼
Provisions and deferred taxes16€2k€770▼
Deferred taxes168€2k€770▼
Amounts payable17/49€486k€517k▲
Amounts payable after more than one year17€95k€18k▼
Financial debts170/4€95k€18k▼
Amounts payable within one year42/48€365k€471k▲
Current portion of amounts payable after more than one year42€106k€77k▼
Trade debts44€128k€106k▼
Suppliers440/4€128k€106k▼
Taxes, remuneration and social security45€52k€103k▲
Taxes450/3€23k€73k▲
Remuneration and social security454/9€29k€30k▲
Other amounts payable47/48€78k€185k▲
Accrued charges and deferred income492/3€26k€29k▲
Income statement
Code20242025
Non-recurring operating income76A€3k€87▼
Remuneration, social security and pensions62€277k€265k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€150k€164k▲
Other operating charges640/8€13k€13k▲
Non-recurring operating charges66A-€3k
Gross operating margin9900€953k€970k▲
Operating profit (loss)9901€513k€525k▲
Financial income75/76B€34k€29k▼
Recurring financial income75€34k€29k▼
Financial charges65/66B€20k€10k▼
Recurring financial charges65€20k€10k▼
Profit (loss) for the period before taxes9903€526k€544k▲
Transfer from deferred taxes780€736€736=
Income taxes67/77€163k€173k▲
Profit (loss) for the period9904€364k€372k▲
Transfer from tax-exempt reserves789€3k€3k=
Profit (loss) for the period to be appropriated9905€367k€375k▲
Appropriation of the result
Profit (loss) to be appropriated9906€367k€375k▲
Transfer from equity791/2€213k€573k▲
Transfer to equity691/2€367k€375k▲
To other reserves6921€367k€375k▲
Profit to be distributed694/7€213k€573k▲
Return on contributions (dividend)694€213k€573k▲
Social balance
Average headcount (FTE)90874.44.0▼
The notes to these accounts (18 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
24-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
24-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €2MEq €2.04M ▲8%
7 profitable years in a row build equity to €2.04M.
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €492k ▲19.9%
Operating result €725k, net result €492k, both a record.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €1MEq €1.07M ▲23.4%
4 profitable years in a row build equity to €1.07M.
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €83k ▼59.5%
Net result drops to €83k, the lowest in the series; recovery starts the following year.
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Sint-Truiden · 1 establishment unit since 1999
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.
Lichtenberglaan 20573800 Sint-TruidenGround area
3,878 m²
Building footprint
2,087 m²
Volume, LiDAR
12,973 m³
Parcel 71353E0486/00F000, Flanders · tallest building 10.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Lichtenberglaan 2057, 3800 Sint-Truiden
since 19992.090.501.636
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71353E0486/00F000 | Flanders | 3,878 m² | 1 · 2,087 m² | 10.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 20,024 companies in sector 43320 we hold annual accounts for 9,135. 3,016 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-03-1999
Fiscal year end31-12
Activities, NACEBEL 2025
25530Machining of metals
43320Joinery installation
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.