KORMETAL
ActiveSummary
KORMETAL has been active since 1976 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.4m and a net result of €482,092. Equity has been shrinking by about 3.4% per year since 2018. Its solvency ranks better than 64% of 146 sector peers (NACE 24, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Official details
Source: KBO- Status
- Active since 29-09-1976 Normal situation
- Registered office
- 83 active companies are registered at this address 8 started in the 12 months before. Source: KBO register, as of 4 November 2026.
- Activity
- Manufacture of basic metals NACE 24100and 2 others
- Joint committee
- 209 Paritair Comité voor de bedienden der metaalfabrikatennijverheid · annual accounts 2025
- Establishment unit
- 2.022.744.166 8500 Kortrijk, since 29-12-1997
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Board and ownership
- MecobenManaging director · permanent representative BAYART Benoit Paul Georges
- SCHURMANS Beatrijs Maria IrenaDirector · since 30-06-2024
- MECOBEN100%· score 922025 annual accounts of MECOBEN
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
- Gross margin
- €2.6m
- ▼ 6.7%
- Turnover
- ≈ €4.5m
- estimated
- Profit
- €482,092
- ▼ 31.2%
- Equity
- €2.4m
- ▲ 25.4%
- Total assets
- €3.9m
- ▲ 11.4%
- Employees on 31-12-2025
- 29
- ▼ 3.3%
Score breakdownraises riskSector: Manufacture of basic metals (NACE 24)Liquidity: current ratio 2.47, cash €203,029lowers riskEquity €2.4m (60.7% of total assets)Profit of €482,092 (financial year 2025)Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 24, small). It does better than 68% of them on solvency, 39% on liquidity, 86% on profitability and 90% on growth.
The bankruptcy probability was computed on 04-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 3 days before the deadline. In the sector (NACE 24), the median for financial year 2024 was 15 days before the deadline, and 29% of those companies filed late.
Searched, nothing found (2)
Key points
- Positive: 5th oldest company in Hainaut, Basic metals sectorin the Checked rankings No. 5 View
- Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
- Positive: 8 profitable years in a rowprofit 2025: €482,092 8 years View
- Caution: Result fell in 2025from €701,032 to €482,092 ▼ 31.2% View
Recent changes
- · Gazette deed 1 director appointed, 2 directors reappointedCapital after the increase: FRANCS 1,250,000 · Capital after the increase: FRANCS 4,500,000, 2,600 new shares · Reappointments: Mecoben (director) and SCHURMANS Beatrijs Maria Irena (director)
Comparable companies
These companies have the same main activity as KORMETAL: manufacture of basic metals (NACE 24100). They are comparable in size and age: total assets between €2.1m and €9.9m, founded between 1968 and 1988.
| Company | Total assets | Gross margin |
|---|---|---|
| KORMETAL Mouscron | €3.9m | €2.6m |
| ALCOMEL Tessenderlo-Ham | €6.9m | €3.6m |
| GERNAL Comines-Warneton | €9.9m | €3.7m |
| AVL METAL POWDERS Kortrijk | €4.9m | €1.7m |
| LUMET Beveren-Kruibeke-Zwijndrecht | €7.9m | €2.5m |
| NEYRINCK J. CONSTRUCTIE Ardooie | €2.1m | €1.4m |
| COATINC LENSSEN Genk | €4.2m | €3.6m |
Key facts about KORMETAL
- What is the company number of KORMETAL?
- The company number of KORMETAL is 0416.429.116. The VAT number is the same number with BE in front: BE 0416.429.116.
- Where is KORMETAL based?
- The registered office is at Gustave Fachedreef 1, 7700 Mouscron.Company details
- What does KORMETAL do?
- According to the KBO register, the main activity is manufacture of basic metals (NACE 24100).
- What is the legal form of KORMETAL?
- The legal form of KORMETAL is Public limited company (NV).
- When was KORMETAL founded?
- KORMETAL was founded on 29-09-1976.
- Is KORMETAL still active?
- Yes, KORMETAL is an active enterprise in the KBO register.
- How many employees does KORMETAL have?
- KORMETAL had an average of 30.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does KORMETAL fall under?
- In its 2025 annual accounts, KORMETAL states joint committee 209 (Paritair Comité voor de bedienden der metaalfabrikatennijverheid).
- What is the turnover of KORMETAL?
- The turnover in financial year 2025 is ≈ €4.5m. This figure is estimated from the gross margin of €2.6m and 1,584 comparable companies of the same size. It probably lies between €3.0m and €7.3m. It is a rough estimate.
- Is KORMETAL profitable?
- In financial year 2025, KORMETAL made a profit of €482,092.
- Where can I find the annual accounts of KORMETAL?
- KORMETAL filed 48 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of KORMETAL due?
- KORMETAL must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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