What does KORMETAL do?

KORMETAL is a structural metal fabricator in Mouscron. Public Limited, started on 29 September 1976, 1 establishment.

What is the address of KORMETAL?

The registered office of KORMETAL is located at Gustave Fachedreef(L) 1, 7700 Mouscron.

Is KORMETAL still active?

Yes. According to the CBE (29 October 2026) KORMETAL is active, legal situation “Normale toestand”, started on 29 September 1976.

Is KORMETAL registered on Peppol?

Yes, KORMETAL is registered on the Peppol network with ID 0208:0416429116.

What is the enterprise number of KORMETAL?

The enterprise number of KORMETAL is BE0416429116.

When was KORMETAL founded?

KORMETAL was founded on 29 September 1976.

Who are the directors of KORMETAL?

According to the 2025 annual accounts, the directors of KORMETAL are: Mecoben BV, Beatrijs Schurmans.

Is KORMETAL a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 29 September 1976; 5 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account.

How much profit did KORMETAL make in 2025?

KORMETAL posted a profit after taxes of € 482,092 in financial year 2025.

What is the revenue of KORMETAL?

As a small company, KORMETAL is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 2,589,778.

How much does an employee at KORMETAL earn?

The average wage cost per full-time employee at KORMETAL was € 59,800 in 2025: staff costs of € 1.8 million for 30.2 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does KORMETAL have?

According to the 2025 annual accounts, KORMETAL has 30.2 full-time equivalents (FTE).

KORMETAL (Public Limited) - Mouscron - BE0416429116

Dossier KORMETAL, printed on 29 October 2026 from databakkes.be/en/0416429116/kormetal. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Busy address KBO

66 other companies have their registered office at the same address; threshold 10.

Financials

Financial year 2025

KORMETAL from Mouscron, company number BE0416429116, closed financial year 2025 with a result of € 482,092 after tax. For that financial year KORMETAL recorded a gross margin of € 2.6 million and equity of € 2.4 million. Compared with financial year 2024, the result moved from € 701,032 to € 482,092. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 30, 2026.

What it is worth Growing

€ 2.4 million

▲ 25% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Healthy

€ 482,092

▼ 31% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 203,029

▲ 58% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 2.3 million.

People and assets in 2025

Full-time equivalents

30.2

▲ 0.5 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 1.8 million

▼ 5% vs 2024

€ 59,800 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.

Vehicles and equipment

€ 252,261

▲ 65% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 2 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 182,292

▼ 32% vs 2024

€ 87,500 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.

Owed to suppliers

€ 704,935

▲ 160% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 206,993

▼ 5% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 2,039,269 Gross margin 2022: € 2,039,269 First fiscal year in the series	€ 2,117,292 Gross margin 2023: € 2,117,292 ▲ 4% vs 2022 (€ 2,039,269) Favourable step	€ 2,774,900 Gross margin 2024: € 2,774,900 ▲ 31% vs 2023 (€ 2,117,292) Favourable step	€ 2,589,778 Gross margin 2025: € 2,589,778 ▼ 7% vs 2024 (€ 2,774,900) Unfavourable step	▼ 7%
Profit after taxes	€ 345,194 Profit after taxes 2022: € 345,194 First fiscal year in the series	€ 208,312 Profit after taxes 2023: € 208,312 ▼ 40% vs 2022 (€ 345,194) Unfavourable step	€ 701,032 Profit after taxes 2024: € 701,032 ▲ 237% vs 2023 (€ 208,312) Favourable step	€ 482,092 Profit after taxes 2025: € 482,092 ▼ 31% vs 2024 (€ 701,032) Unfavourable step	▼ 31%
Equity	€ 991,471 Equity 2022: € 991,471 First fiscal year in the series	€ 1,199,783 Equity 2023: € 1,199,783 ▲ 21% vs 2022 (€ 991,471) Favourable step	€ 1,900,815 Equity 2024: € 1,900,815 ▲ 58% vs 2023 (€ 1,199,783) Favourable step	€ 2,382,906 Equity 2025: € 2,382,906 ▲ 25% vs 2024 (€ 1,900,815) Favourable step	▲ 25%
Total debts	€ 3,446,560 Total debts 2022: € 3,446,560 First fiscal year in the series	€ 3,418,086 Total debts 2023: € 3,418,086 ▼ 1% vs 2022 (€ 3,446,560) Favourable step	€ 1,622,300 Total debts 2024: € 1,622,300 ▼ 53% vs 2023 (€ 3,418,086) Favourable step	€ 1,540,402 Total debts 2025: € 1,540,402 ▼ 5% vs 2024 (€ 1,622,300) Favourable step	▼ 5%
Cash	€ 295,817 Cash 2022: € 295,817 First fiscal year in the series	€ 245,617 Cash 2023: € 245,617 ▼ 17% vs 2022 (€ 295,817) Unfavourable step	€ 128,765 Cash 2024: € 128,765 ▼ 48% vs 2023 (€ 245,617) Unfavourable step	€ 203,029 Cash 2025: € 203,029 ▲ 58% vs 2024 (€ 128,765) Favourable step	▲ 58%
Land & buildings	€ 16,841 Land & buildings 2022: € 16,841 First fiscal year in the series	€ 13,158 Land & buildings 2023: € 13,158 ▼ 22% vs 2022 (€ 16,841) Unchanged	€ 9,474 Land & buildings 2024: € 9,474 ▼ 28% vs 2023 (€ 13,158) Unchanged	€ 42,665 Land & buildings 2025: € 42,665 ▲ € 33,191 vs 2024 (€ 9,474) Unchanged	▲ € 33,191
Retained profit	€ 879,919 Retained profit 2022: € 879,919 First fiscal year in the series	€ 1,088,230 Retained profit 2023: € 1,088,230 ▲ 24% vs 2022 (€ 879,919) Favourable step	€ 1,789,262 Retained profit 2024: € 1,789,262 ▲ 64% vs 2023 (€ 1,088,230) Favourable step	€ 2,271,354 Retained profit 2025: € 2,271,354 ▲ 27% vs 2024 (€ 1,789,262) Favourable step	▲ 27%
Dividend	€ 2,265,986 Dividend 2022: € 2,265,986 First fiscal year in the series	€ 0 Dividend 2023: € 0 ▼ 100% vs 2022 (€ 2,265,986) Unchanged	€ 0 Dividend 2024: € 0 Unchanged (€ 0) Unchanged	€ 0 Dividend 2025: € 0 Unchanged (€ 0) Unchanged
Bank debt	€ 350,000 Bank debt 2022: € 350,000 First fiscal year in the series	€ 350,000 Bank debt 2023: € 350,000 Unchanged (€ 350,000) Unchanged	€ 269,792 Bank debt 2024: € 269,792 ▼ 23% vs 2023 (€ 350,000) Favourable step	€ 182,292 Bank debt 2025: € 182,292 ▼ 32% vs 2024 (€ 269,792) Favourable step	▼ 32%
Balance sheet total	€ 4,438,031 Balance sheet total 2022: € 4,438,031 First fiscal year in the series	€ 4,617,868 Balance sheet total 2023: € 4,617,868 ▲ 4% vs 2022 (€ 4,438,031) Unchanged	€ 3,523,115 Balance sheet total 2024: € 3,523,115 ▼ 24% vs 2023 (€ 4,617,868) Unchanged	€ 3,923,308 Balance sheet total 2025: € 3,923,308 ▲ 11% vs 2024 (€ 3,523,115) Unchanged	▲ 11%
Employees (FTE)	26.3 Employees (FTE) 2022: 26.3 First fiscal year in the series	27.7 Employees (FTE) 2023: 27.7 ▲ 1.4 vs 2022 (26.3) Unchanged	29.7 Employees (FTE) 2024: 29.7 ▲ 2 vs 2023 (27.7) Unchanged	30.2 Employees (FTE) 2025: 30.2 ▲ 0.5 vs 2024 (29.7) Unchanged	▲ 0.5

Key figures of KORMETAL, 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 KORMETAL?

What happened at KORMETAL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2029 Mecoben BV stepped down as director. NBB
2029 Beatrijs Schurmans stepped down as director. NBB
Jul 30, 2026 New annual accounts for financial year 2025: profit of € 482,092 (▼ 31% vs 2024). Source: NBB ↗
2024 Mecoben BV became a director. NBB
2024 Beatrijs Schurmans became a director. NBB
Dec 29, 1997 New establishment in Kortrijk. KBO
Sep 29, 1976 Start of the company according to the CBE. KBO

In short

From € 345,194 profit in 2022 to € 482,092 profit in 2025.

Paid € 563,466 in corporate taxes since 2022.

Best year ever: 2024, with € 701,032 profit.

On average € 85,800 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

MECOBEN 100%

The stake of MECOBEN comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

KORMETAL

The shares are held by MECOBEN (100%).

Directors

According to the 2025 annual accounts

Mecoben BV

Director · represented by Benoit Bayart

Also active at: BASCO, YBAKOR, BAYART, IMMO BASCO

since 2024 · until 2029

Beatrijs Schurmans

Director

Also active at: BASCO

since 2024 · until 2029

Shareholders

MECOBEN

100%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Gustave Fachedreef(L) 1

7700 Mouscron

2.022.744.166

Oudenaardsesteenweg(Kor) 369

8500 Kortrijk

Active since 29 December 1997

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 66 companies are registered at this address.

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Details

Company number

0416.429.116

VAT number

BE 0416.429.116

Registered office

Gustave Fachedreef(L) 1, 7700 Mouscron

Names & denominations

KORMETAL

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

29 September 1976

Peppol

Active · Active since 21 Oct 2026

Contact

[email protected] 056 252 187

Activities · NACE

Vervaardiging van metalen constructiewerken en delen daarvan

Vervaardiging van ijzer en staal en van ferrolegeringen

Reparatie en onderhoud van consumentenartikelen, neg

Overige reparaties, n.e.g.

View on CBE Public ↗ Annual accounts (NBB) ↗

KORMETAL

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Financials

What happened to KORMETAL?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

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