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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Tight liquidity NBB
Cash and receivables cover 46 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 86.4 to 74.6.
Financials
Financial year 2025
IKO Metals Europe from Tongeren-Borgloon, company number BE0460680219, closed financial year 2025 with a result of € 2.3 million after tax. For that financial year IKO Metals Europe recorded revenue of € 30.9 million and equity of € 11.3 million. Compared with financial year 2024, the result moved from € 1.7 million to € 2.3 million. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 30, 2026.
€ 11.3 million
▲ 26% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2.3 million
▲ 39% vs 2024
Profit after tax over the fiscal year.
€ 3.7 million
▼ 16% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 11.2 million.
People and assets in 2025
74.6
▼ 6.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 5 million
▼ 3% vs 2024
€ 67,100 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.
€ 58,768
▼ 35% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 6 million
▼ 63% vs 2024
€ 125,000 is repaid this year. At this pace the long-term loan is gone in ≈ 48 years.
€ 4 million
▼ 10% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 62 days on average.
€ 756,822
▲ 1% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 45,220,635 | € 33,644,248 | € 34,623,351 | € 30,892,090 | ▼ 11% |
| Profit after taxes | € 1,846,814 | € -2,571,079 | € 1,676,937 | € 2,329,374 | ▲ 39% |
| Equity | € 9,869,991 | € 7,298,912 | € 8,975,849 | € 11,305,223 | ▲ 26% |
| Total debts | € 29,629,163 | € 39,142,082 | € 35,136,179 | € 24,298,306 | ▼ 31% |
| Cash | € 1,488,584 | € 2,625,105 | € 4,462,515 | € 3,741,384 | ▼ 16% |
| Land & buildings | € 3,921,383 | € 3,606,270 | € 3,487,325 | € 3,577,360 | ▲ 3% |
| Retained profit | € 9,721,255 | € 7,150,176 | € 8,827,113 | € 11,156,487 | ▲ 26% |
| Bank debt | € 21,560,960 | € 19,825,000 | € 16,100,000 | € 5,958,333 | ▼ 63% |
| Balance sheet total | € 40,280,501 | € 46,996,270 | € 44,617,259 | € 36,256,670 | ▼ 19% |
| Employees (FTE) | 98 | 86.4 | 80.8 | 74.6 | ▼ 6.2 |
Key figures of IKO Metals Europe, 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 IKO Metals Europe?
What happened at IKO Metals Europe in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Michel Léon Petitjean stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 2.3 million (▲ 39% vs 2024). Source: NBB ↗
- Frank Hautman stepped down as director. NBB
- Michel Léon Petitjean became a director. NBB
- Frank Hautman became a director. NBB
- New establishment in Tongeren-Borgloon. KBO
- Start of the company according to the CBE. KBO
In short
From € 1.8 million profit in 2022 to € 2.3 million profit in 2025.
Paid € 533,104 in corporate taxes since 2022.
Best year ever: 2025, with € 2.3 million profit.
Pays suppliers within 62 days on average.
Management
The stake of IKO EUROPE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
IKO Metals EuropeThe shares are held by IKO EUROPE (50%). It owns 100% of AHI Roofing LLC, 100% of Metrotile UK Ltd, 100% of ROOF Tile Group Japan, 100% of AHI Roofing doo, 65% of Metrotile CE SRO and 50% of Metrotile Concepts & Properties itself.
Directors
According to the 2025 annual accounts
since 2022 · until 2026
Michel Léon Petitjean
Managing director
since 2025 · until 2031
Shareholders
50%
Participations
AHI Roofing LLC
100%
Metrotile UK Ltd
100%
ROOF Tile Group Japan
100%
100%
Metrotile CE SRO
65%
Metrotile Concepts & Properties
50%
ROOFTG NORDIC
42%
Metrotile Ukraïne LLC
26%
Metrobond Construction Cameroun
26%
Metrotile Senegal
25%
Metrotile Iberica
20%
Metrotile Nigeria
20%
Metrotile Belarus
20%
Metrotile Adria
20%
Metrotile Maroc
20%
Establishments
Establishment units
Physical locations of this company
Michielenweg 3
3700 Tongeren-Borgloon
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0460.680.219
- VAT number
- BE 0460.680.219
- Registered office
- Michielenweg 3, 3700 Tongeren-Borgloon
- Names & denominations
- IKO Metals Europe
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 16 May 1997
- Peppol
- Active · Active since 20 Nov 2020
- Activities · NACE
Vervaardiging van metalen constructiewerken en delen daarvan
Vervaardiging van metalen constructiewerken en onderdelen daarvan
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