INVESTEEL
ActiveINVESTEEL has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €527k and a net result of €62k. Equity is growing by ~5% per year across the filed fiscal years. Its solvency ranks better than 95% of 1893 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
81
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability83▲+8
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 11.54 against 5.63 in 2024; short-term debt: 3.2% and cash: 20.8% of total assets), and 3.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 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
96.8%
Return on assets
11.3%
Age of the figures
9 mo
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
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 12-06-2026, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
49 d early
2024
48 d early
2023
20 d early
2022
45 d early
2021
22 d late
2020
27 d late
2019
29 d late
← before the deadline
after the deadline →
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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€527k▼ 6.8%
2024 · €565k
2018: €357k
2019: €441k
2020: €477k
2021: €499k
2022: €543k
2023: €557k
2024: €565k
2018 → 2025
Total assets
€544k▼ 10.8%
2024 · €610k
2018: €475k
2019: €470k
2020: €511k
2021: €545k
2022: €585k
2023: €604k
2024: €610k
2018 → 2025
Net result
€62k▲ 112%
2024 · €29k
2018: €114k
2019: €84k
2020: €46k
2021: €37k
2022: €70k
2023: €39k
2024: €29k
2018 → 2025
Working capital
€183k▼ 12.2%
2024 · €209k
2018: €58k
2019: €118k
2020: €154k
2021: €177k
2022: €220k
2023: €188k
2024: €209k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€499k-€543k▲ 8.8%€557k▲ 2.5%€565k▲ 1.6%€527k▼ 6.8%
Operating result€55k-€53k▼ 3.1%€40k▼ 25.5%€46k▲ 16.3%€92k▲ 99.5%
Net result€37k-€70k▲ 91.3%€39k▼ 44.6%€29k▼ 24.7%€62k▲ 112%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 100% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €544k
Fixed assets
€344k▼ 3.6%
Current assets
€201k▼ 20.9%
Equity and liabilities €544k
Equity
€527k▼ 6.8%
Debt
€17k▼ 61.4%
The debt ratio falls from 7.4% to 3.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€100k▲
2024 · €58k
Cash flow
€70k▲
2024 · €41k
Solvency
96.8%▲
2024 · 92.6%
Current ratio
11.54▲
2024 · 5.63
Quick ratio
11.54▲
2024 · 5.63
Debt / equity
0.03▼
2024 · 0.08
ROE
11.7%▲
2024 · 5.2%
ROA
11.3%▲
2024 · 4.8%
Interest coverage
309.51▲
2024 · 149.88
Debt
€17k▼
2024 · €45k
Debt ≤ 1 year
€17k▼
2024 · €45k
Income taxes
€30k▲
2024 · €17k
Staff costs
€13k▼
2024 · €60k
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€610k€544k▼
Fixed assets21/28€356k€344k▼
Tangible fixed assets22/27€34k€21k▼
Furniture and vehicles24€34k€21k▼
Financial fixed assets28€323k€323k=
Current assets29/58€254k€201k▼
Amounts receivable within one year40/41€49k€87k▲
Trade receivables40€46k€82k▲
Other amounts receivable41€2k€5k▲
Cash at bank and in hand54/58€204k€113k▼
Deferred charges and accrued income490/1€1k€1k▼
Equity and liabilities
Total equity and liabilities10/49€610k€544k▼
Equity10/15€565k€527k▼
Contributions10/11€19k€19k=
Reserves13€276k€238k▼
Distributable reserves133€276k€238k▼
Profit (loss) carried forward14€271k€271k=
Amounts payable17/49€45k€17k▼
Amounts payable within one year42/48€45k€17k▼
Trade debts44€3k€107▼
Suppliers440/4€3k€107▼
Taxes, remuneration and social security45€22k€17k▼
Taxes450/3€15k€15k▲
Remuneration and social security454/9€7k€2k▼
Other amounts payable47/48€21k-
Income statement
Code20242025
Remuneration, social security and pensions62€60k€13k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€8k▼
Other operating charges640/8€64€66▲
Non-recurring operating charges66A-€352
Gross operating margin9900€118k€114k▼
Operating profit (loss)9901€46k€92k▲
Financial income75/76B€607€562▼
Recurring financial income75€607€562▼
Financial charges65/66B€388€322▼
Recurring financial charges65€388€322▼
Profit (loss) for the period before taxes9903€46k€92k▲
Income taxes67/77€17k€30k▲
Profit (loss) for the period9904€29k€62k▲
Profit (loss) for the period to be appropriated9905€29k€62k▲
Appropriation of the result
Profit (loss) to be appropriated9906€320k€332k▲
Profit (loss) brought forward from the previous period14P€291k€271k▼
Transfer from equity791/2-€100k
Transfer to equity691/2€29k€62k▲
To other reserves6921€29k€62k▲
Profit to be distributed694/7€21k€100k▲
Return on contributions (dividend)694€21k€100k▲
The notes to these accounts (10 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
12-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity doublescurrent ratio 11.54
Current ratio from 5.63 to 11.54; short-term debt falls from €45k to €17k.
13-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €29k ▼24.7%
Net result drops to €29k, the lowest in the series; recovery starts the following year.
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €500kEq €543k ▲8.8%
5 profitable years in a row build equity to €543k.
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
29-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 29 days late
2019
31-12
Financial
Liquidity triplescurrent ratio 5.08
Current ratio from 1.62 to 5.08; short-term debt falls from €94k to €29k.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
22-06
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.
Directors · office · real estate
Directors
2 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, Tournai · 2 establishment units since 2010
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.
Vieux Chemin d'Ath(HAV) 5937531 TournaiGround area
4,542 m²
Building footprint
2,573 m²
Volume, LiDAR
20,852 m³
2 parcels, Wallonia · tallest building 14.0 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Vieux Chemin d'Ath(HAV) 593, 7531 Tournai
since 20102.191.152.202
INVESTEEL
since 20212.323.542.255
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57463L0145/00K002 | Wallonia | 3,537 m² | 1 · 2,342 m² | 14.0 m · 3 fl. |
| 57036C0018/00L000 | Wallonia | 1,005 m² | 1 · 231 m² | - |
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.
Similar companies · same sector, comparable size
KOEN LIPPENS
BE 0832.003.444
Evergem · Eq €527k
GG-CONSTRUCT
BE 0471.678.930
Roeselare · Eq €527k
PentaS
BE 0446.291.258
Zelzate · Eq €526k
Dirk Van Keirsbilck
BE 0658.915.159
Zulte · Eq €526k
GEBR. BRUYNSEELS
BE 0425.611.056
Stabroek · Eq €525k
Of 3,988 companies in sector 25110 we hold annual accounts for 2,148. 1,543 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-07-2010
Fiscal year end31-12
Activities, NACEBEL
25110Manufacture of metal structures and parts of structures
71121Engineering and related technical consultancy, excluding land surveyors
24450Manufacture of basic metals
25999Manufacture of fabricated metal products, except machinery and equipment
33120Repair and maintenance of machinery
Sources
Crossroads Bank for EnterprisesNational Bank · 15 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.
Contact details
2 entriesE-mail:info@devray.be
Phone:+32472539665