ACTIVE

KORMETAL

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Financial year 2025 · closed on 31/12/2025
Net result
482,1 k €
-31.2% YoY
Gross margin
2,6 M €
-6.7% YoY
Equity
2,4 M €
+25.4% YoY
Workforce
30,2 ETP
+1.7% YoY

What does KORMETAL do?

KORMETAL is a Public limited company incorporated in 1976. Its main activity is: Manufacture of basic iron and steel and of ferro-alloys. Its registered office is in Mouscron. It employs on average 30,2 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0416.429.116
Incorporation
29/09/1976
Legal form
Public limited company
Registered office
Drève Gustave Fache(L) 1
7700 Mouscron · WallonieSee on map
Contributed capital
111 552,09 €
Latest accounts
31/12/2025
Average workforce
30,2 ETP
Activities (NACE)
24100Manufacture of basic iron and steel and of ferro-alloys· main24100Manufacture of basic iron and steel and of ferro-alloys25110Manufacture of metal structures and parts of structures25110Manufacture of metal structures and parts of structures27100Manufacture of electric motors, generators, transformers and electricity distribution and control apparatus52740Warehousing and support activities for transportation+2
Joint committees (3)
  • 111
  • 11112
  • 209
Contacts
2 public details availableLog in to view
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 10 financial years

2025202420232022202120112010200920082007
Income statement
Gross margin2,6 M €2,8 M €2,1 M €2 M €1,3 M €–––––
EBITDA779,9 k €864,1 k €374,2 k €524,9 k €47,9 k €427,3 k €603,9 k €233 k €318,5 k €552,9 k €
Operating result655,7 k €750,5 k €279,3 k €444,5 k €3,2 k €397,7 k €279,7 k €209,5 k €290,1 k €536,4 k €
Net result482,1 k €701 k €208,3 k €345,2 k €12 k €359,9 k €256,6 k €214,8 k €218,4 k €367,3 k €
Balance sheet
Equity2,4 M €1,9 M €1,2 M €991,5 k €2,9 M €2,4 M €2 M €1,7 M €1,5 M €1,3 M €
Total assets3,9 M €3,5 M €4,6 M €4,4 M €3,9 M €4,3 M €2,7 M €2,5 M €2,2 M €2 M €
Cash203 k €128,8 k €245,6 k €295,8 k €299,9 k €1,2 M €1,2 M €1,4 M €273,8 k €403,4 k €
Debts1,5 M €1,6 M €3,4 M €3,4 M €999,6 k €1,9 M €740,7 k €754,1 k €633,6 k €728 k €
Other
Workforce30,2 ETP29,7 ETP27,7 ETP26,3 ETP23,7 ETP37,6 ETP34,6 ETP44,2 ETP44,7 ETP36,8 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 32 ended

Active mandates

Beatrijs Schurmans

Director · since 30 juin 2024 · until 02 juin 2029

Active
MECOBEN

Director · since 30 juin 2024 · until 02 juin 2029 · 0808.778.575

Represented by Benoit Bayart

Active

Ended mandates

MECOBEN

Managing director · since 30 juin 2024 · until 02 juin 2029 · 0808.778.575

Represented by Benoit BAYART

Ended
Beatrijs Schurmans

Director · since 28 juin 2019 · until 01 juin 2024

Ended
Beatrijs Schurmans

Director · since 28 juin 2019 · until 30 juin 2024

Ended
MECOBEN

Managing director · since 28 juin 2019 · until 01 juin 2024 · 0808.778.575

Represented by Bayart Benoit

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date30/07/202630/07/202531/07/202420/07/202329/07/202229/07/2021
General meeting30/06/202624/07/202530/06/202430/06/202305/07/202230/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202530/06/202630/07/2026FrenchPDF
Abridged model31/12/202424/07/202530/07/2025DutchPDF
Abridged model31/12/202330/06/202431/07/2024FrenchPDF
Abridged model31/12/202230/06/202320/07/2023FrenchPDF
Abridged model31/12/202105/07/202229/07/2022FrenchPDF
Abridged model31/12/202030/06/202129/07/2021FrenchPDF
Abridged model31/12/201930/06/202030/07/2020FrenchPDF
Abridged model31/12/201828/06/201916/07/2019FrenchPDF
Abridged model31/12/201729/06/201829/06/2018FrenchPDF
Full model30/06/201616/12/201612/01/2017FrenchPDF
Full model30/06/201518/12/201513/01/2016FrenchPDF
Full model30/06/201408/01/201515/01/2015FrenchPDF
Full model30/06/201331/01/201414/02/2014FrenchPDF
Full model30/06/201215/01/201326/02/2013FrenchPDF
Full model30/06/201116/12/201101/02/2012FrenchPDF
Full model30/06/201017/12/201028/02/2011FrenchPDF
Full model30/06/200918/12/200926/01/2010FrenchPDF
Full model30/06/200820/12/200827/02/2009FrenchPDF
Full model30/06/200721/12/200729/02/2008FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 32 ended

Active mandates

Beatrijs Schurmans

Director · since 30 juin 2024 · until 02 juin 2029

Active
MECOBEN

Director · since 30 juin 2024 · until 02 juin 2029 · 0808.778.575

Represented by Benoit Bayart

Active

Ended mandates

MECOBEN

Managing director · since 30 juin 2024 · until 02 juin 2029 · 0808.778.575

Represented by Benoit BAYART

Ended
Beatrijs Schurmans

Director · since 28 juin 2019 · until 01 juin 2024

Ended
Beatrijs Schurmans

Director · since 28 juin 2019 · until 30 juin 2024

Ended
MECOBEN

Managing director · since 28 juin 2019 · until 01 juin 2024 · 0808.778.575

Represented by Bayart Benoit

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates04/10/2023
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DEMISSIONS, NOMINATIONS
    PDF
  • Registered office18/11/2019
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Registered office18/11/2019
    SIEGE SOCIAL
    PDF
  • Mandates29/10/2019
    DEMISSIONS, NOMINATIONS
    PDF
  • Other10/07/2017
    ANNEE COMPTABLE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates22/05/2014
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates17/05/2010
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates06/02/2009
    DEMISSIONS, NOMINATIONS
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025482,1 k €↓
  2. 2024
    Annual accounts 2024701 k €↑
  3. 2023
    Annual accounts 2023208,3 k €↓
  4. 2022
    Annual accounts 2022345,2 k €↑
  5. 2021
    Annual accounts 202112 k €↓
  6. 2011
    Annual accounts 2011359,9 k €↑
  7. 2010
    Annual accounts 2010256,6 k €↑
  8. 2009
    Annual accounts 2009214,8 k €↓
  9. 2008
    Annual accounts 2008218,4 k €↓
  10. 2007
    Annual accounts 2007367,3 k €
  11. 29/09/1976
    IncorporationPublic limited company