Metes
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Metes - overview
Location
-, limburg, Belgium
Primary Industry
Materials
About
Metes operates as a contract manufacturer specializing in advanced engineering and product development, offering comprehensive solutions in sheet metalwork and lightweight metal constructions. Metes is a contract manufacturing firm that provides full system supply in various industrial sectors. Founded in Belgium, it has not undergone notable pivots in business strategy. The current CEO is Patrick Van Meensel.
The company was acquired by Down 2 Earth Capital in July 2018; financial terms of the deal were not disclosed. METES - METECH specializes in contract manufacturing and offers services including sheet metalwork, lightweight metal constructions, and mechanical and electrical assemblies. The company’s core offerings encompass advanced engineering and product development services aimed at optimizing production efficiency. Their capabilities include laser cutting, sheet metal bending, welding technology, and various surface treatments, catering primarily to sectors such as telecommunications, medical, pharmaceutical, machinery and equipment, graphics, and interior décor, with clients across Belgium, Serbia, and other European regions.
In the most recent fiscal year 2024, Metes reported a revenue of EUR 38. 54 mn and an EBITDA of EUR 1. 18 mn. Their revenue is mainly derived from B2B transactions involving long-term contracts and bulk orders tailored to client specifications.
Metes is focusing on expanding its product offerings and market presence. Plans include the launch of new product lines in 2025, aimed at enhancing capabilities in lightweight metal constructions. The company is also targeting expansion into the Nordic countries and the Netherlands by 2026. The funding from the acquisition by Down 2 Earth Capital in July 2018 will be utilized to support these initiatives and enhance operational capacity.
Current Investors
Down 2 Earth Capital
Primary Industry
Materials
Sub Industries
Steel & Metals
Website
http://www.metes.be
Verticals
Manufacturing
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Metes - timeline of key events
Metes - financials
| Fiscal Year Ended | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 2,326,796 | 2,792,890 | 2,921,054 | 21,325,884 | 17,851,861 | 20,277,031 | 20,692,838 | 24,797,346 | 28,094,526 | 26,113,942 | 24,596,118 | 30,320,827 | - | - | - |
| % Revenue Growth (YoY) | - | 20.0% | 4.6% | 630.1% | (16.3%) | 13.6% | 2.1% | 19.8% | 13.3% | (7.0%) | (5.8%) | 23.3% | - | - | - |
| EBITDA (USD) | 664,369 | 487,852 | 577,220 | 3,671,645 | 1,147,563 | 685,072 | 2,216,375 | 1,368,383 | 828,600 | 288,408 | 666,061 | 626,396 | - | - | - |
| Operating Income (USD) | 663,815 | 487,298 | 571,557 | 3,456,466 | 924,695 | 458,209 | 1,743,845 | 795,555 | 13,320 | (410,244) | (41,375) | (46,230) | - | - | - |
| Operating Margin | 28.5% | 17.4% | 19.6% | 16.2% | 5.2% | 2.3% | 8.4% | 3.2% | 0.0% | (1.6%) | (0.2%) | (0.2%) | - | - | - |
| % EBITDA Margin | 28.6% | 17.5% | 19.8% | 17.2% | 6.4% | 3.4% | 10.7% | 5.5% | 2.9% | 1.1% | 2.7% | 2.1% | - | - | - |
| NET Income (USD) | 652,134 | 440,185 | 611,655 | 3,521,211 | 1,154,147 | 504,355 | 1,727,147 | 833,902 | 126,064 | (264,090) | 86,234 | 114,299 | - | - | - |
| % Net Margin | 28.0% | 15.8% | 20.9% | 16.5% | 6.5% | 2.5% | 8.3% | 3.4% | 0.4% | (1.0%) | 0.4% | 0.4% | - | - | - |
Metes - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Metes | - |
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Metes - employee data
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