Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 28 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
SPECIALTY METALS RESOURCES from Elsene, company number BE0890465938, closed financial year 2024 with a result of € -616,767 after tax. For that financial year SPECIALTY METALS RESOURCES recorded revenue of € 17.1 million and equity of € 4 million. Compared with financial year 2023, the result moved from € -350,970 to € -616,767. 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 September 30, 2025.
€ 4 million
▼ 13% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -616,767
▼ 76 % more loss than in 2023
Profit after tax over the fiscal year.
€ 812,150
▼ 28% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 3 million.
People and assets in 2024
€ 2,815
▼ 46% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 9.4 million
▼ 30% vs 2023
Loans from banks and other lenders, long and short.
€ 4.4 million
▲ 159% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 96 days on average.
€ 259,130
▼ 46% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 33,415,522 | € 38,398,727 | € 20,722,108 | € 17,088,140 | ▼ 18% |
| Profit after taxes | € 454,807 | € 805,850 | € -350,970 | € -616,767 | ▼ € 265,797 |
| Equity | € 4,767,869 | € 5,523,719 | € 4,584,216 | € 3,967,449 | ▼ 13% |
| Total debts | € 21,330,067 | € 23,117,921 | € 15,687,164 | € 14,110,092 | ▼ 10% |
| Cash | € 3,700,490 | € 2,384,186 | € 1,124,250 | € 812,150 | ▼ 28% |
| Retained profit | € 3,767,869 | € 4,523,719 | € 3,584,216 | € 2,967,449 | ▼ 17% |
| Dividend | € 0 | € 50,000 | € 588,533 | € 0 | ▼ 100% |
| Bank debt | € 17,198,414 | € 20,059,427 | € 13,381,625 | € 9,376,940 | ▼ 30% |
| Balance sheet total | € 26,143,292 | € 28,686,996 | € 20,271,380 | € 18,077,541 | ▼ 11% |
| Employees (FTE) | 0.8 | - | - | - |
Key figures of SPECIALTY METALS RESOURCES, 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 SPECIALTY METALS RESOURCES?
What happened at SPECIALTY METALS RESOURCES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Vangala SRL stepped down as director. NBB
- Philippe Lavagna stepped down as director. NBB
- New annual accounts for financial year 2024: loss of € 616,767. filed late Source: NBB ↗
- Vangala SRL became a director. NBB
- Philippe Lavagna became a director. NBB
- New establishment in Elsene. KBO
- Start of the company according to the CBE. KBO
In short
From € 454,807 profit in 2021 to € 616,767 loss in 2024.
Paid € 658,396 in corporate taxes since 2021.
Best year ever: 2022, with € 805,850 profit.
Paid out € 638,533 in dividends to the owners in total.
A new publication or filing at SPECIALTY METALS RESOURCES? We notify you, reason included.
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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
It owns 100% of New Bugarama Mining, 100% of Specialty Metals Resources USA Holding inc., 70% of Blue Stone Metals & Chemicals Pvt ltd (India), 54% of Blue Stone Metals & Chemicals LLC, 50% of Nutriteam and 50% of Mojac Technologies itself.
Directors
According to the 2024 annual accounts
Director · represented by Pauline Lavagna
since 2019 · until 2030
Philippe Lavagna
Managing director
since 2018 · until 2030
Establishments
Establishment units
Physical locations of this company
Tenbosstraat 42A
1050 Elsene
Tenbosstraat 42 box A
1050 Elsene
Active since 1 July 2007
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0890.465.938
- VAT number
- BE 0890.465.938
- Registered office
- Tenbosstraat 42A, 1050 Elsene
- Names & denominations
- SPECIALTY METALS RESOURCES
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 29 June 2007
- Peppol
- Active · Active since 3 Dec 2025
- Activities · NACE
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