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 64 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
SHAPES METALWORKS from Kuurne, company number BE0785841540, closed financial year 2025 with a result of € 225,483 after tax. For that financial year SHAPES METALWORKS recorded revenue of € 20.2 million and equity of € 7.5 million. Compared with financial year 2024, the result moved from € -2,049 to € 225,483. Profitable, and profit is growing. 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 27, 2026.
€ 7.5 million
▲ € 7.5 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 225,483
▲ still € 2,049 loss in 2024
Profit after tax over the fiscal year.
€ 722,724
▲ € 667,288 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 € 4.9 million.
People and assets in 2025
102.6
Average over the fiscal year, from the social balance sheet.
€ 5.6 million
€ 55,000 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.
€ 1.1 million
Of which on lease € 1.1 million.
Debts at end 2025
€ 6.2 million
€ 902,885 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 1.9 million
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 52 days on average.
€ 1.2 million
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Revenue | - | - | € 20,191,178 | |
| Gross margin | € -2,512 | € -1,320 | - | |
| Profit after taxes | € -3,755 | € -2,049 | € 225,483 | ▲ € 227,532 |
| Equity | € 57,745 | € 55,696 | € 7,548,595 | ▲ € 7.5 million |
| Total debts | € 0 | € 0 | € 9,419,277 | |
| Cash | € 57,745 | € 55,436 | € 722,724 | ▲ € 667,288 |
| Retained profit | € -3,755 | € -5,804 | € 4,853,610 | ▲ € 4.9 million |
| Bank debt | € 0 | € 0 | € 6,183,883 | |
| Balance sheet total | € 57,745 | € 55,696 | € 16,967,872 | ▲ € 16.9 million |
| Employees (FTE) | - | - | 102.6 |
Key figures of SHAPES METALWORKS, fiscal years 2023 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 SHAPES METALWORKS?
What happened at SHAPES METALWORKS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- MWM BVBA stepped down as director. NBB
- Lutho BV stepped down as director. NBB
- Hadefis BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 225,483. Source: NBB ↗
- New establishment in Wevelgem. KBO
- New establishment in Kuurne. KBO
- MWM BVBA became a director. NBB
- Lutho BV became a director. NBB
In short
From € 3,755 loss in 2023 to € 225,483 profit in 2025.
Paid € 42,555 in corporate taxes since 2023.
Best year ever: 2025, with € 225,483 profit.
Pays suppliers within 52 days on average.
Management
The stake of DACAR, MWM, GILVA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
SHAPES METALWORKSThe shares are held by DACAR (54%), MWM (20%) and GILVA (10%). It owns 100% of ATT, 100% of Shapes Machining and 50% of Poedr. itself.
Directors
According to the 2025 annual accounts
Director · represented by Wim Matthys
Also active at: Motiv, MGC Subcontracting, IMVANTEX, MATTHYS, SHAPES IMMO
since 2022 · until 2028
Director · represented by Fritz Walcarius
Also active at: Giropan, POEDR., MEEGIR, ADVANCED TUBE TECHNOLOGY, SHAPES IMMO
since 2022 · until 2028
Director · represented by Dirk Haerinck
Also active at: Giropan, POEDR., MEEGIR, Texprofin, ADVANCED TUBE TECHNOLOGY, SHAPES IMMO
since 2022 · until 2028
Participations
Establishments
Establishment units
Physical locations of this company
Noordlaan 35
8520 Kuurne
Nijverheidslaan 53
8560 Wevelgem
Active since 1 October 2025
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.
Details
- Company number
- 0785.841.540
- VAT number
- BE 0785.841.540
- Registered office
- Noordlaan 35, 8520 Kuurne
- Names & denominations
- SHAPES METALWORKS · SHAPES
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 9 May 2022
- Peppol
- Active · Active since 30 Sept 2025
- Activities · NACE
Verspanend bewerken van metalen
Coating van metalen
Oppervlaktebehandeling van metalen