ACTIVE

METALFOR

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Financial year 2025 · Closed on 30/09/2025

Net result1,6 M €-26,3 %over 1 year

Gross margin2,7 M €-26,7 %over 1 year

Equity10,5 M €+17,7 %over 1 year

Workforce1,0 ETP0,0 %over 1 year

Identity

Source · BCE/KBO

METALFOR is a Public limited company incorporated in 2008. Its main activity is: Manufacture of metal structures and parts of structures. Its registered office is in Aalst. It employs on average 1,0 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0898.076.280
Incorporation: 22/05/2008
Legal form: Public limited company
Registered office: Industrielaan 6
9320 Aalst · FlandreSee on map
Contributed capital: 500 000,00 €
Latest accounts: 30/09/2025
Average workforce: 1,0 ETP

Activities (NACE)

25110Manufacture of metal structures and parts of structures· main 25110Manufacture of metal structures and parts of structures

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 17 filings

Trend over 17 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	2,7 M €	-26.7%	3,7 M €	+26.2%	2,9 M €	+28.7%	2,3 M €	+27.7%	1,8 M €
EBITDA	2,6 M €	-27.1%	3,6 M €	+26.5%	2,9 M €	+29.8%	2,2 M €	+31.6%	1,7 M €
Operating result	2,2 M €	-31.3%	3,1 M €	+28.2%	2,4 M €	+35.7%	1,8 M €	+43.5%	1,3 M €
Net result	1,6 M €	-26.3%	2,1 M €	+28.7%	1,7 M €	+35.6%	1,2 M €	+37.1%	896 k €
Balance sheet
Equity	10,5 M €	+17.7%	8,9 M €	+0.5%	8,9 M €	+11.5%	8 M €	+6.4%	7,5 M €
Total assets	10,7 M €	+8.8%	9,8 M €	+8.1%	9,1 M €	+3.6%	8,8 M €	+12.7%	7,8 M €
Cash	6,3 M €	+26.4%	5 M €	-11.9%	5,7 M €	+17.1%	4,8 M €	+16.5%	4,2 M €
Debts	189,9 k €	-78.9%	899,1 k €	+334%	206,9 k €	-74.3%	805 k €	+210%	259,5 k €
Other
Workforce	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	-16.7%	1,2 ETP	-20.0%	1,5 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Board of directors

Source · NBB, accounts to 30/09/2025

2 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Peter De Paepe	Directorsince 01/09/2010
Maria De Bodt	Managing directorDirector2009 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Guido De Paepe	Managing director2009 accounts
WALTHER DE PAEPE	Director2023 accounts

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	30/04/2026	31/03/2025	23/04/2024	20/04/2023	14/03/2022	30/04/2021
General meeting	31/03/2026	07/03/2025	29/03/2024	31/03/2023	04/03/2022	31/03/2021
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, 17 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	31/03/2026	30/04/2026	Dutch	PDF
Abridged model	30/09/2024	07/03/2025	31/03/2025	Dutch	PDF
Abridged model	30/09/2023	29/03/2024	23/04/2024	Dutch	PDF
Abridged model	30/09/2022	31/03/2023	20/04/2023	Dutch	PDF
Abridged model	30/09/2021	04/03/2022	14/03/2022	Dutch	PDF
Abridged model	30/09/2020	31/03/2021	30/04/2021	Dutch	PDF
Abridged model	30/09/2019	31/03/2020	23/04/2020	Dutch	PDF
Abridged model	30/09/2018	28/03/2019	16/04/2019	Dutch	PDF
Abridged model	30/09/2017	28/03/2018	10/04/2018	Dutch	PDF
Abridged model	30/09/2016	24/02/2017	22/03/2017	Dutch	PDF
Abridged model	30/09/2015	21/03/2016	07/04/2016	Dutch	PDF
Abridged model	30/09/2014	11/02/2015	18/02/2015	Dutch	PDF
Abridged model	30/09/2013	21/02/2014	20/03/2014	Dutch	PDF
Abridged model	30/09/2012	31/03/2013	25/04/2013	Dutch	PDF
Abridged model	30/09/2011	27/12/2011	03/02/2012	Dutch	PDF
Abridged model	30/09/2010	18/03/2011	23/03/2011	Dutch	PDF
Abridged model	30/09/2009	31/03/2010	27/04/2010	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Peter De Paepe	Directorsince 01/09/2010
Maria De Bodt	Managing directorDirector2009 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Guido De Paepe	Managing director2009 accounts
WALTHER DE PAEPE	Director2023 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates11/07/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/07/2020
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares30/05/2018
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares22/05/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates10/03/2014
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/10/2010
ONTSLAGEN - BENOEMINGEN
PDF
Other02/06/2008
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
PDF

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings17 filings

Mandates

PETER DE PAEPE

MARIA DE BODT

WALTHER DE PAEPE

Guido De Paepe

2008200920102011201220132014201520162017201820192020202120222023202420252026

METALFOR

Industrielaan 6, 9320 Erembodegem

Director

Managing director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Industrielaan 6, 9320 ErembodegemCurrent	accounts 2022 → 2025	Accounts 2025 · 2026-00095471

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
METALFORCurrent	accounts 2022 → 2025	Accounts 2025 · 2026-00095471

Events

2025
Annual accounts 20251,6 M €↓
2024
Annual accounts 20242,1 M €↑
2023
Annual accounts 20231,7 M €↑
2022
Annual accounts 20221,2 M €↑
2021
Annual accounts 2021896 k €↑
2020
Annual accounts 2020315,7 k €↓
2019
Annual accounts 20191,9 M €↓
2018
Annual accounts 20182,3 M €↑
2017
Annual accounts 20171,9 M €↑
2016
Annual accounts 20161,7 M €↑
2015
Annual accounts 20151,5 M €↑
2014
Annual accounts 20141,3 M €↑
2013
Annual accounts 20131,1 M €↓
2012
Annual accounts 20121,6 M €↑
2011
Annual accounts 2011680,1 k €↓
2010
Annual accounts 2010719,6 k €↓
2009
Annual accounts 20091,1 M €
22/05/2008
IncorporationPublic limited company

METALFOR

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events