Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 50 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 56.4 to 50.6.
Financials
Financial year 2025
BUYSMETAL from Harelbeke, company number BE0405319547, closed financial year 2025 with a result of € -2.4 million after tax. For that financial year BUYSMETAL recorded revenue of € 29.3 million and equity of € 3.3 million. Compared with financial year 2024, the result moved from € -3.2 million to € -2.4 million. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on April 29, 2026.
€ 3.3 million
▼ 31% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2.4 million
▲ 24 % less loss than in 2024
Profit after tax over the fiscal year.
€ 860,452
▼ 73% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 1.7 million.
People and assets in 2025
50.6
▼ 2.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3.8 million
▲ 7% vs 2024
€ 75,200 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 87,663
▼ 23% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 4.4 million
▼ 34% vs 2024
Loans from banks and other lenders, long and short.
€ 3.5 million
▲ 5% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 45 days on average.
€ 498,307
▲ 34% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 73,422,888 | € 57,043,129 | € 39,301,964 | € 29,274,874 | ▼ 26% |
| Profit after taxes | € -1,965,160 | € -2,659,528 | € -3,160,323 | € -2,386,085 | ▲ € 774,238 |
| Equity | € 10,698,770 | € 7,957,971 | € 4,796,401 | € 3,308,869 | ▼ 31% |
| Total debts | € 9,133,990 | € 7,956,656 | € 10,674,907 | € 8,425,749 | ▼ 21% |
| Cash | € 13,061 | € 34,489 | € 3,238,064 | € 860,452 | ▼ 73% |
| Land & buildings | € 340,244 | € 327,039 | € 313,137 | € 1,407,492 | ▲ € 1.1 million |
| Retained profit | € 9,862,378 | € 7,202,850 | € 4,042,527 | € 1,656,442 | ▼ 59% |
| Bank debt | € 0 | € 1,474,501 | € 6,571,273 | € 4,351,045 | ▼ 34% |
| Balance sheet total | € 19,879,808 | € 15,982,170 | € 15,538,151 | € 11,801,957 | ▼ 24% |
| Employees (FTE) | 56 | 56.4 | 53.2 | 50.6 | ▼ 2.6 |
Key figures of BUYSMETAL, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to BUYSMETAL?
What happened at BUYSMETAL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Arie Noordegraaf stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 2.4 million. Source: NBB ↗
- Louis van Uden stepped down as director. NBB
- Maarten Mannee stepped down as director. NBB
- Arie Noordegraaf became a director. NBB
- Maarten Mannee became a director. NBB
- Louis van Uden became a director. NBB
- New establishment in Harelbeke. KBO
In short
From € 2 million loss in 2022 to € 2.4 million loss in 2025.
Paid € 5,063 in corporate taxes since 2022.
Pays suppliers within 45 days on average.
Management
Directors
According to the 2025 annual accounts
Maarten Mannee
Director
since 2022 · until 2025
Arie Noordegraaf
Director
since 2024 · until 2029
Louis van Uden
Director
since 2022 · until 2026
Establishments
Establishment units
Physical locations of this company
Keizersstraat 50
8530 Harelbeke
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
SQUARESPACE - Squarespace, Inc., US
Website info
Features
Security
Details
- Company number
- 0405.319.547
- VAT number
- BE 0405.319.547
- Registered office
- Keizersstraat 50, 8530 Harelbeke
- Names & denominations
- BUYSMETAL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 18 September 1947
- Peppol
- Active · Active since 9 Jan 2026
- Contact
- buysmetal.be
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