ACTIVE

FORNAX METALS

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Financial year 2025 · Closed on 30/09/2025

Net result83,3 k €-15,2 %over 1 year

Gross margin156,9 k €-14,1 %over 1 year

Equity197,7 k €+20,2 %over 1 year

Workforce0,8 ETP0,0 %over 1 year

Identity

Source · BCE/KBO

FORNAX METALS is a Private limited company incorporated in 2000. Its registered office is in Stekene. It employs on average 0,8 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0471.971.514
Incorporation: 25/05/2000
Legal form: Private limited company
Registered office: Zavelstraat(STE) 33
9190 Stekene · FlandreSee on map
Contributed capital: 18 600,00 €
Latest accounts: 30/09/2025
Average workforce: 0,8 ETP

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 19 filings

Trend over 18 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	156,9 k €	-14.1%	182,7 k €	+121%	82,7 k €	+1.1%	81,9 k €	+34.6%	60,8 k €
EBITDA	106,5 k €	-20.6%	134,1 k €	+260%	37,3 k €	+23.2%	30,3 k €	+6.7%	28,4 k €
Operating result	98,9 k €	-14.9%	116,2 k €	+415%	22,6 k €	+46.3%	15,4 k €	+57.5%	9,8 k €
Net result	83,3 k €	-15.2%	98,2 k €	+404%	19,5 k €	+68.8%	11,5 k €	+79.4%	6,4 k €
Balance sheet
Equity	197,7 k €	+20.2%	164,4 k €	+41.5%	116,2 k €	-0.4%	116,7 k €	+2.2%	114,2 k €
Total assets	643,2 k €	+98.5%	324,1 k €	-15.9%	385,4 k €	+54.2%	249,9 k €	+0.2%	249,4 k €
Cash	224,7 k €	+309%	54,9 k €	-44.5%	98,9 k €	+298%	24,8 k €	+5.7%	23,5 k €
Debts	445,4 k €	+179%	159,6 k €	-40.7%	269,1 k €	+102%	133,1 k €	-1.5%	135,2 k €
Other
Workforce	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	-27.3%	1,1 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Board of directors

Source · NBB, accounts to 30/09/2025

2 active · 11 ended

Active mandates

Munio

Director · 0808.779.664

Represented by Luc Elegeert

Active

RUMATEC

Director · 0745.791.032

Represented by Ruben Elegeert

Active

Ended mandates

RUMATEC

Director · since 04 mai 2020 · 0745.791.032

Represented by Ruben Elegeert

Ended

Munio

Manager · since 01 janvier 2009 · 0808.779.664

Represented by Luc Elegeert

Ended

Luc Elegeert

Manager · since 25 mai 2000

Ended

Luc Elegeert

Manager · until 01 janvier 2009

Ended

Other companies at this address

Zavelstraat(STE) 33 9190 Stekene

Company	CBE no.
DUYSE● Active	0438.113.069
Waterschoot Metalworks● Active	0715.991.246

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	03/03/2026	15/02/2025	06/03/2024	08/03/2023	07/02/2022	04/01/2021
General meeting	27/02/2026	11/02/2025	22/02/2024	06/02/2023	17/01/2022	02/01/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 19 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	27/02/2026	03/03/2026	Dutch	PDF
Abridged model	30/09/2024	11/02/2025	15/02/2025	Dutch	PDF
Abridged model	30/09/2023	22/02/2024	06/03/2024	Dutch	PDF
Abridged model	30/09/2022	06/02/2023	08/03/2023	Dutch	PDF
Abridged model	30/09/2021	17/01/2022	07/02/2022	Dutch	PDF
Abridged model	30/09/2020	02/01/2021	04/01/2021	Dutch	PDF
Abridged model	30/09/2019	05/03/2020	05/03/2020	Dutch	PDF
Abridged model	30/09/2018	18/02/2019	27/02/2019	Dutch	PDF
Abridged model	30/09/2017	09/03/2018	21/03/2018	Dutch	PDF
Abridged model	30/09/2016	26/12/2016	25/01/2017	Dutch	PDF
Abridged model	30/09/2015	22/12/2015	22/12/2015	Dutch	PDF
Abridged model	30/09/2014	27/02/2015	20/03/2015	Dutch	PDF
Abridged model	30/09/2013	22/02/2014	28/02/2014	Dutch	PDF
Abridged model	30/09/2012	14/02/2013	28/02/2013	Dutch	PDF
Abridged model	30/09/2011	06/02/2012	29/02/2012	Dutch	PDF
Abridged model	30/09/2010	27/12/2010	25/01/2011	Dutch	PDF
Abridged model	30/09/2009	07/12/2009	13/01/2010	Dutch	PDF
Abridged model	30/09/2008	01/12/2008	02/12/2008	Dutch	PDF
Abridged model	30/09/2007	03/12/2007	17/12/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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.

Board of directors

Source · NBB, accounts to 30/09/2025

2 active · 11 ended

Active mandates

Munio

Director · 0808.779.664

Represented by Luc Elegeert

Active

RUMATEC

Director · 0745.791.032

Represented by Ruben Elegeert

Active

Ended mandates

RUMATEC

Director · since 04 mai 2020 · 0745.791.032

Represented by Ruben Elegeert

Ended

Munio

Manager · since 01 janvier 2009 · 0808.779.664

Represented by Luc Elegeert

Ended

Luc Elegeert

Manager · since 25 mai 2000

Ended

Luc Elegeert

Manager · until 01 janvier 2009

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Other17/10/2025
BENAMING
PDF
Mandates22/11/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/06/2020
ONTSLAGEN - BENOEMINGEN
PDF
Registered office26/06/2012
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING - MAATSCHAPPELIJKE ZETEL
PDF
Mandates21/01/2009
ONTSLAGEN - BENOEMINGEN
PDF

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

See the Business plan

Timeline

2025
Annual accounts 202583,3 k €↓
2025
Name changeFORNAX METALS
2024
Annual accounts 202498,2 k €↑
2023
Annual accounts 202319,5 k €↑
2022
Annual accounts 202211,5 k €↑
2022
Name changeWATERSCHOOT METALS
2021
Annual accounts 20216,4 k €↓
2020
Annual accounts 202063,8 k €↑
2019
Annual accounts 2019-9 k €↓
2018
Annual accounts 201839 k €↑
2017
Annual accounts 2017-5,7 k €↓
2016
Annual accounts 201635,4 k €↑
2015
Annual accounts 201531 k €↑
2014
Annual accounts 2014-1,7 k €↓
2013
Annual accounts 201314,6 k €↓
2012
Annual accounts 201238,3 k €↓
2011
Annual accounts 201149,4 k €↑
2010
Annual accounts 201021,9 k €↓
2009
Annual accounts 200970,7 k €↓
2008
Annual accounts 200871,9 k €
25/05/2000
IncorporationPrivate limited company

FORNAX METALS

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline