MERTENS METAAL
ActiveMERTENS METAAL has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €385k and a net result of €94k. Equity is growing by ~23.5% per year across the filed fiscal years. Its solvency ranks better than 47% of 1904 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2025
76
/ 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
Profitability82▲+1
Solvency67▼-3
Growth52=
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 2.84 against 4.1 in 2024; short-term debt: 18.9% and cash: 39.2% of total assets), but 57.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
42.2%
Return on assets
10.3%
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 13-01-2026, 18 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
18 d early
2024
25 d early
2023
on the day
2022
1 d early
2021
3 d early
2020
9 d late
← 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 close23-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€385k▼ 1.1%
2024 · €389k
2020: €98k
2021: €206k
2022: €269k
2023: €305k
2024: €389k
2020 → 2025
Total assets
€911k▲ 5.1%
2024 · €867k
2020: €566k
2021: €732k
2022: €785k
2023: €794k
2024: €867k
2020 → 2025
Net result
€94k▲ 12.4%
2024 · €84k
2020: €98k
2021: €108k
2022: €62k
2023: €37k
2024: €84k
2020 → 2025
Working capital
€318k▲ 1.6%
2024 · €313k
2020: €83k
2021: €144k
2022: €152k
2023: €157k
2024: €313k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€206k-€269k▲ 30.2%€305k▲ 13.7%€389k▲ 27.3%€385k▼ 1.1%
Operating result€154k-€87k▼ 43.6%€59k▼ 31.8%€130k▲ 119%€143k▲ 9.8%
Net result€108k-€62k▼ 42.3%€37k▼ 41.0%€84k▲ 127%€94k▲ 12.4%
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 10% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €911k
Fixed assets
€420k▼ 7.2%
Current assets
€491k▲ 18.5%
Equity and liabilities €911k
Equity
€385k▼ 1.1%
Debt
€526k▲ 10.1%
The debt ratio rises from 55.1% to 57.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€238k▲
2024 · €233k
Cash flow
€189k▲
2024 · €186k
Solvency
42.2%▼
2024 · 44.9%
Current ratio
2.84▼
2024 · 4.10
Quick ratio
2.53▼
2024 · 3.59
Debt / equity
1.37▲
2024 · 1.23
ROE
24.4%▲
2024 · 21.5%
ROA
10.3%▲
2024 · 9.6%
Interest coverage
15.47▲
2024 · 13.77
Debt
€526k▲
2024 · €478k
Debt ≤ 1 year
€173k▲
2024 · €101k
Debt > 1 year
€354k▼
2024 · €377k
Income taxes
€36k▲
2024 · €33k
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€867k€911k▲
Fixed assets21/28€453k€420k▼
Tangible fixed assets22/27€452k€419k▼
Land and buildings22€237k€223k▼
Plant, machinery and equipment23€192k€142k▼
Furniture and vehicles24€23k€53k▲
Financial fixed assets28€1k€1k=
Current assets29/58€414k€491k▲
Stocks and contracts in progress3€52k€54k▲
Stocks30/36€42k€35k▼
Contracts in progress37€10k€18k▲
Amounts receivable within one year40/41€92k€64k▼
Trade receivables40€85k€64k▼
Other amounts receivable41€7k-
Current investments50/53-€12k
Cash at bank and in hand54/58€268k€357k▲
Deferred charges and accrued income490/1€3k€5k▲
Equity and liabilities
Total equity and liabilities10/49€867k€911k▲
Equity10/15€389k€385k▼
Contributions10/11€100€100=
Reserves13€389k€385k▼
Distributable reserves133€389k€385k▼
Amounts payable17/49€478k€526k▲
Amounts payable after more than one year17€377k€354k▼
Financial debts170/4€377k€354k▼
Amounts payable within one year42/48€101k€173k▲
Current portion of amounts payable after more than one year42€28k€28k▲
Trade debts44€49k€24k▼
Suppliers440/4€49k€24k▼
Taxes, remuneration and social security45€14k€15k▲
Taxes450/3€14k€15k▲
Other amounts payable47/48€10k€106k▲
Accrued charges and deferred income492/3€10€16▲
Income statement
Code20242025
Non-recurring operating income76A€163€8k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€103k€95k▼
Other operating charges640/8€286€608▲
Gross operating margin9900€233k€238k▲
Operating profit (loss)9901€130k€143k▲
Financial income75/76B€3k€3k▲
Recurring financial income75€3k€3k▲
Financial charges65/66B€17k€15k▼
Recurring financial charges65€17k€15k▼
Profit (loss) for the period before taxes9903€116k€130k▲
Income taxes67/77€33k€36k▲
Profit (loss) for the period9904€84k€94k▲
Profit (loss) for the period to be appropriated9905€84k€94k▲
Appropriation of the result
Profit (loss) to be appropriated9906€84k€94k▲
Transfer from equity791/2-€98k
Transfer to equity691/2€84k€94k▲
To other reserves6921€84k€94k▲
Profit to be distributed694/7-€98k
Return on contributions (dividend)694-€98k
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
13-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
06-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Weakest financial yearnet €37k ▼41%
Net result drops to €37k, the lowest in the series; recovery starts the following year.
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Highest result since 2020net €108k ▲10.2%
Operating result €154k, net result €108k, both a record.
30-06
Financial
Equity above €200kEq €206k ▲110%
2 profitable years in a row build equity to €206k.
09-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
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, Brecht · 1 establishment unit since 2019
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.
Theo Coertjenslaan 212960 BrechtGround area
1,369 m²
Building footprint
837 m²
Parcel 11043D0941/00E000, Flanders · tallest building 0.1 m. Linked by address, not a title deed.
1 establishment unit
Mertens Metaal
since 20192.290.989.649
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11043D0941/00E000 | Flanders | 1,369 m² | 1 · 837 m² | 0.1 m |
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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 172 EUR awarded · 172 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 172 EUR | 172 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
2 live approvalsHoeknaadlasser duaal (so)
Lassen-constructie duaal (so)
Similar companies · same sector, comparable size
De Vroe Metals
BE 0890.207.404
Zottegem · Eq €385k
TECHNISCHE INSTALLATIE-, LAS- EN CONSTRUCTIEWERKEN
BE 0567.803.158
Diksmuide · Eq €384k
GERJO METAALCONSTRUCTIE
BE 0870.931.524
Kuurne · Eq €384k
Titaan Metaal
BE 0434.740.637
Tielt · Eq €386k
UYDENS PAUL METAALBEWERKING
BE 0462.134.922
Brecht · Eq €386k
Of 3,464 companies in sector 25530 we hold annual accounts for 1,658. 1,330 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-07-2019
Fiscal year end30-06
Activities, NACEBEL
25530Machining of metals
43211General electrical installation work
93299Other amusement and recreation activities
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.