ACTIVE

METALL.BE

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Financial year 2025 · closed on 31/12/2025

Net result

167,3 k €

-11.0% YoY

Gross margin

934 k €

-6.1% YoY

Equity

2,1 M €

+7.1% YoY

Workforce

9,6 ETP

-3.0% YoY

What does METALL.BE do?

METALL.BE is a Private limited company incorporated in 2010. Its main activity is: Manufacture of weapons and ammunition. Its registered office is in Eupen. It employs on average 9,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0827.784.043

Incorporation

09/07/2010

Legal form

Private limited company

Registered office

Euregiostrasse 11
4700 Eupen · WallonieSee on map

Contributed capital

20 000,00 €

Latest accounts

31/12/2025

Average workforce

9,6 ETP

Activities (NACE)

25401Manufacture of weapons and ammunition· main 25501Forging, pressing, stamping and roll-forming of metal; powder metallurgy 25110Manufacture of metal structures and parts of structures 25110Manufacture of metal structures and parts of structures 25620Machining 25720Manufacture of locks and hinges+6

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011
Income statement
Gross margin	934 k €	-6.1%	994,3 k €	-15.7%	1,2 M €	+9.4%	1,1 M €	-4.0%	1,1 M €	+18.9%	944,9 k €	+13.7%	831,2 k €	+6.1%	783,2 k €	-8.4%	854,7 k €	-5.1%	900,2 k €	+8.5%	829,8 k €	+21.4%	683,3 k €	+34.8%	506,8 k €	+27.8%	396,5 k €	-4.6%	415,6 k €
EBITDA	373,5 k €	-12.3%	425,8 k €	-31.4%	620,4 k €	+12.6%	551,1 k €	-10.0%	612,6 k €	+28.5%	476,7 k €	+23.3%	386,7 k €	+18.4%	326,7 k €	-25.0%	435,3 k €	-13.0%	500,5 k €	+1.8%	491,6 k €	+27.0%	387,2 k €	+69.5%	228,4 k €	+0.4%	227,5 k €	+8.0%	210,7 k €
Operating result	210,2 k €	-18.8%	258,9 k €	-40.7%	436,9 k €	+18.3%	369,3 k €	-13.1%	425,1 k €	+40.1%	303,3 k €	+23.7%	245,3 k €	+35.6%	180,9 k €	-34.6%	276,4 k €	-17.3%	334,5 k €	-3.8%	347,7 k €	+12.4%	309,3 k €	+115%	143,7 k €	+5.4%	136,3 k €	+74.8%	78 k €
Net result	167,3 k €	-11.0%	188 k €	-49.7%	373,4 k €	+44.7%	258,2 k €	-17.8%	314,1 k €	+23.9%	253,4 k €	+42.1%	178,3 k €	+27.6%	139,7 k €	-25.0%	186,2 k €	-8.4%	203,3 k €	-0.4%	204,1 k €	-7.3%	220,2 k €	+120%	100,2 k €	+15.0%	87,1 k €	+55.1%	56,2 k €
Balance sheet
Equity	2,1 M €	+7.1%	2 M €	-7.9%	2,1 M €	+17.9%	1,8 M €	+7.9%	1,7 M €	+6.8%	1,6 M €	+7.7%	1,5 M €	+10.7%	1,3 M €	+19.7%	1,1 M €	+21.1%	915,7 k €	+27.6%	717,8 k €	+38.8%	517,3 k €	+75.4%	294,8 k €	+48.7%	198,2 k €	+71.9%	115,3 k €
Total assets	2,5 M €	+1.6%	2,5 M €	+1.3%	2,5 M €	+5.9%	2,3 M €	-2.6%	2,4 M €	+10.3%	2,2 M €	+16.0%	1,9 M €	+2.1%	1,8 M €	+11.8%	1,6 M €	+3.0%	1,6 M €	+4.7%	1,5 M €	+71.5%	886,9 k €	+23.7%	716,8 k €	+2.5%	699,3 k €	+11.8%	625,4 k €
Cash	489,5 k €	-42.5%	850,8 k €	+28.6%	661,3 k €	-4.0%	688,9 k €	+5.8%	651,4 k €	+39.8%	466 k €	-16.1%	555,5 k €	+25.2%	443,7 k €	+64.0%	270,6 k €	+31.3%	206,1 k €	-39.4%	340,3 k €	+3.2%	329,7 k €	+104%	161,4 k €	+40.2%	115,1 k €	+29.8%	88,7 k €
Debts	424,5 k €	-19.0%	524,4 k €	+63.2%	321,4 k €	-37.0%	510,6 k €	-27.7%	705,7 k €	+19.4%	590,9 k €	+46.3%	403,9 k €	-20.3%	506,7 k €	-4.7%	531,5 k €	-21.4%	676,1 k €	-15.8%	803 k €	+117%	369,6 k €	-12.2%	420,8 k €	-15.7%	499,1 k €	-1.4%	506 k €
Other
Workforce	9,6 ETP	-3.0%	9,9 ETP	-1.0%	10,0 ETP	-2.9%	10,3 ETP	+14.4%	9,0 ETP	-7.2%	9,7 ETP	-4.0%	10,1 ETP	-4.7%	10,6 ETP	+2.9%	10,3 ETP	+3.0%	10,0 ETP	+6.4%	9,4 ETP	+13.3%	8,3 ETP	+6.4%	7,8 ETP	+62.5%	4,8 ETP	0.0%	4,8 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 · 1 active · 2 ended

Active mandates

Stephan Laschet

Director · since 09 juillet 2010

Active

Ended mandates

Stephan Laschet

Manager · since 09 juillet 2010

Ended

Stephan Laschet

Manager

Ended

Annual accounts

Full financial information

	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	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/08/2026	30/06/2025	04/07/2024	31/10/2023	06/07/2022	01/09/2021
General meeting	30/06/2026	23/05/2025	11/06/2024	26/05/2023	27/05/2022	28/05/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

15 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	31/08/2026	German	PDF
Abridged model	31/12/2024	23/05/2025	30/06/2025	German	PDF
Abridged model	31/12/2023	11/06/2024	04/07/2024	German	PDF
Abridged model	31/12/2022	26/05/2023	31/10/2023	German	PDF
Abridged model	31/12/2021	27/05/2022	06/07/2022	German	PDF
Abridged model	31/12/2020	28/05/2021	01/09/2021	German	PDF
Abridged model	31/12/2019	22/05/2020	09/07/2020	German	PDF
Abridged model	31/12/2018	24/05/2019	29/08/2019	German	PDF
Abridged model	31/12/2017	25/05/2018	28/06/2018	German	PDF
Abridged model	31/12/2016	23/05/2017	29/05/2017	German	PDF
Abridged model	31/12/2015	27/05/2016	29/07/2016	German	PDF
Abridged model	31/12/2014	22/05/2015	06/07/2015	German	PDF
Abridged model	31/12/2013	30/05/2014	23/07/2014	German	PDF
Abridged model	31/12/2012	24/05/2013	12/06/2013	German	PDF
Abridged model	31/12/2011	25/05/2012	01/08/2012	German	PDF

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 · 1 active · 2 ended

Active mandates

Stephan Laschet

Director · since 09 juillet 2010

Active

Ended mandates

Stephan Laschet

Manager · since 09 juillet 2010

Ended

Stephan Laschet

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates08/12/2023
SATZUNGEN (UEBERSETZUNG, KOORDINATION, ANDERE AENDERUNGEN, ) - AENDERUNG RECHTSFORM - ENTLASSUNG - ERNENNUNG
PDF
Registered office11/04/2016
GESELLSCHAFTSSITZ
PDF
Other21/09/2010
SATZUNGEN (UEBERSETZUNG, KOORDINATION, ANDERE AENDERUNGEN, )
PDF
Other23/07/2010
RUBRIK GRUENDUNG (NEUE RECHTSPERSON, EROEFFNUNG FILIALE, USW)
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

2025
Annual accounts 2025167,3 k €↓
2024
Annual accounts 2024188 k €↓
2023
Annual accounts 2023373,4 k €↑
2022
Annual accounts 2022258,2 k €↓
2021
Annual accounts 2021314,1 k €↑
2020
Annual accounts 2020253,4 k €↑
2019
Annual accounts 2019178,3 k €↑
2018
Annual accounts 2018139,7 k €↓
2017
Annual accounts 2017186,2 k €↓
2016
Annual accounts 2016203,3 k €↓
2015
Annual accounts 2015204,1 k €↓
2014
Annual accounts 2014220,2 k €↑
2013
Annual accounts 2013100,2 k €↑
2012
Annual accounts 201287,1 k €↑
2011
Annual accounts 201156,2 k €
09/07/2010
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

METALL.BE

Overview

What does METALL.BE do?

Trend over 15 financial years

Indicative valuation

Board of directors

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