Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 16.8 to 12.2.
Financials
Financial year 2024
GARNIMETAL from Wavre, company number BE0668555276, closed financial year 2024 with a result of € 41,969 after tax. For that financial year GARNIMETAL recorded a gross margin of € 760,113 and equity of € 200,236. Compared with financial year 2023, the result moved from € 14,634 to € 41,969. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 19, 2025.
€ 200,236
▲ 27% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 41,969
▲ 187% vs 2023
Profit after tax over the fiscal year.
€ 73,841
▼ 81% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 100,236.
People and assets in 2024
12.2
▼ 1.6 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 614,179
▼ 9% vs 2023
€ 50,300 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.
€ 8,894
▼ 57% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 393,659
▼ 24% vs 2023
€ 31,625 is repaid this year. At this pace the long-term loan is gone in ≈ 12 years.
€ 605,432
▲ 54% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 114,034
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 832,882 | € 1,004,527 | € 805,885 | € 760,113 | ▼ 6% |
| Profit after taxes | € 3,390 | € 23,781 | € 14,634 | € 41,969 | ▲ 187% |
| Equity | € 119,852 | € 143,633 | € 158,267 | € 200,236 | ▲ 27% |
| Total debts | € 2,213,647 | € 2,280,342 | € 2,417,025 | € 2,285,586 | ▼ 5% |
| Cash | € 37,509 | € 127,649 | € 387,494 | € 73,841 | ▼ 81% |
| Retained profit | € 19,852 | € 43,633 | € 58,267 | € 100,236 | ▲ 72% |
| Bank debt | € 1,261,024 | € 899,057 | € 519,040 | € 393,659 | ▼ 24% |
| Balance sheet total | € 2,333,499 | € 2,423,975 | € 2,575,292 | € 2,485,822 | ▼ 3% |
| Employees (FTE) | 16.4 | 16.8 | 13.8 | 12.2 | ▼ 1.6 |
Key figures of GARNIMETAL, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to GARNIMETAL?
What happened at GARNIMETAL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- NATECEL SRL stepped down as director. NBB
- Alexandre Roy stepped down as director. NBB
- Tatiana Paredes Celis stepped down as director. NBB
- Nathalie Celis stepped down as director. NBB
- New annual accounts for financial year 2024: profit of € 41,969 (▲ 187% vs 2023). filed late Source: NBB ↗
- NATECEL SRL became a director. NBB
- Alexandre Roy became a director. NBB
- Tatiana Paredes Celis became a director. NBB
In short
From € 3,390 profit in 2021 to € 41,969 profit in 2024.
Paid € 45,868 in corporate taxes since 2021.
Best year ever: 2024, with € 41,969 profit.
On average € 62,300 of value added per employee in 2024.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of NATECEL comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
GARNIMETALThe shares are held by NATECEL (99%).
Directors
According to the 2024 annual accounts
since 2023 · until 2029
Alexandre Roy
Director
since 2023 · until 2029
since 2023 · until 2029
Nathalie Celis
Managing director
since 2023 · until 2028
Shareholders
99%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue de la Wastinne 24
1301 Wavre
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →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
CLOUDFLARESPECTRUM Cloudflare, Inc., US
DNS
OVH DNS
Domain
Domain
garnimetal.com
Registered
1998-11-09
Registrar
OVH sas
Expires
2026-11-08
Website info
Features
Security
Details
- Company number
- 0668.555.276
- VAT number
- BE 0668.555.276
- Registered office
- Rue de la Wastinne 24, 1301 Wavre
- Names & denominations
- GARNIMETAL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 29 December 2016
- Peppol
- Active · Active since 27 Mar 2026
- Contact
- garnimetal.com
- Activities · NACE
Vervaardiging van metalen constructiewerken en delen daarvan
Verspanend bewerken van metalen
Vervaardiging van overige producten van metaal, neg
Vervaardiging van kantoor- en winkelmeubelen
Coating van metalen
Oppervlaktebehandeling van metalen