META SERVICES
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 11-06-2026 at the NBB all 20 filings
Turnover
€907,723▲ 9.7%
2024 · €827,660
EBIT margin
0.0%=
2024 · 0.1%
Net result
€5▼ 90.0%
2024 · €50
Working capital
€188,824▼ 16.4%
2024 · €225,786
In the rankings
#7 company by total assets in Soumagne, Other services sector#8 oldest company in Soumagne, Other services sector
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
€907,723
▲ 9.7%
2025
20182025
Operating result
€441
▼ 28.7%
2025
20182025
Net result
€5
▼ 90.0%
2025
middle half of the sector
20182025
EBIT margin
0.0%
=
2025
20182025
Equity
€136,161
=
2025
middle half of the sector
20182025
Total assets
€362,526
▲ 2.0%
2025
middle half of the sector
20182025
Debt
€221,892
▲ 6.2%
2025
20182025
Working capital
€188,824
▼ 16.4%
2025
middle half of the sector
20182025
Solvency
37.6%
▼ 0.7pp
2025
middle half of the sector
20182025
Current ratio
2.24
▼ 0.79
2025
middle half of the sector
20182025
Return on assets (ROA)
0.0%
=
2025
middle half of the sector
20182025
Staff (FTE)
31.2
▼ 1.6%
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€816,316-€853,907▲ 4.6%€785,366▼ 8.0%€842,851▲ 7.3%€847,737▲ 0.6%€854,460▲ 0.8%€827,660▼ 3.1%€907,723▲ 9.7%
Operating result€379-€807▲ 113%€1,169▲ 44.9%€502▼ 57.1%€770▲ 53.5%€759▼ 1.3%€618▼ 18.6%€441▼ 28.7%
Net result€304-€638▲ 110%€457within the sector's middle half▼ 28.3%€67within the sector's middle half▼ 85.4%€198within the sector's middle half▲ 196%€74within the sector's middle half▼ 62.5%€50within the sector's middle half▼ 32.1%€5within the sector's middle half▼ 90.0%
EBIT margin0.0%-0.1%=0.1%▲ 0.1pp0.1%▼ 0.1pp0.1%=0.1%=0.1%=0.0%=
Equity€134,570-€135,208▲ 0.5%€135,666within the sector's middle half▲ 0.3%€135,733within the sector's middle half=€135,931within the sector's middle half▲ 0.1%€136,005within the sector's middle half▲ 0.1%€136,106within the sector's middle half▲ 0.1%€136,161within the sector's middle half=
Total assets€320,330-€386,133▲ 20.5%€324,378within the sector's middle half▼ 16.0%€310,833within the sector's middle half▼ 4.2%€397,278within the sector's middle half▲ 27.8%€433,219within the sector's middle half▲ 9.0%€355,536within the sector's middle half▼ 17.9%€362,526within the sector's middle half▲ 2.0%
Debt€185,760-€249,009▲ 34.0%€172,425▼ 30.8%€171,612▼ 0.5%€247,263▲ 44.1%€286,907▲ 16.0%€208,972▼ 27.2%€221,892▲ 6.2%
Working capital€156,245-€149,021▼ 4.6%€225,691above the sector's middle half▲ 51.4%€191,304above the sector's middle half▼ 15.2%€218,370within the sector's middle half▲ 14.1%€232,200within the sector's middle half▲ 6.3%€225,786within the sector's middle half▼ 2.8%€188,824within the sector's middle half▼ 16.4%
Solvency42.0%-35.0%▼ 7.0pp41.8%within the sector's middle half▲ 6.8pp43.7%within the sector's middle half▲ 1.8pp34.2%within the sector's middle half▼ 9.5pp31.4%within the sector's middle half▼ 2.8pp38.3%within the sector's middle half▲ 6.9pp37.6%within the sector's middle half▼ 0.7pp
Current ratio1.98-1.64▼ 0.343.40above the sector's middle half▲ 1.762.91above the sector's middle half▼ 0.492.34above the sector's middle half▼ 0.572.30within the sector's middle half▼ 0.043.03above the sector's middle half▲ 0.732.24within the sector's middle half▼ 0.79
Return on assets (ROA)0.1%-0.2%▲ 0.1pp0.1%within the sector's middle half=0.0%within the sector's middle half▼ 0.1pp0.0%within the sector's middle half=0.0%within the sector's middle half=0.0%within the sector's middle half=0.0%within the sector's middle half=
Staff (FTE)29.9-32.8▲ 9.7%33.8within the sector's middle half▲ 3.0%34.6within the sector's middle half▲ 2.4%31.9within the sector's middle half▼ 7.8%31.8within the sector's middle half▼ 0.3%31.7within the sector's middle half▼ 0.3%31.2within the sector's middle half▼ 1.6%
above
within
below
The sector band is the middle half of the companies in Personal service activities (NACE 96). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 29% lower than in 2024 and the lowest since 2021. It is the third fall in a row.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €362,526
Fixed assets
€20,964 ▲ 13.9%
Current assets
€341,562 ▲ 1.3%
Equity and liabilities €362,526
Equity
€136,161 =
Provisions
€4,473 ▼ 57.2%
Debt
€221,892 ▲ 6.2%
Debt's share of the balance-sheet total rises from 58.8% to 61.2%. Debt is higher.
Key figures and ratios
EBITDA
€5,083▲
2024 · €4,740
Cash flow
€4,648▲
2024 · €4,173
Debt to equity
1.63▲
2024 · 1.54
ROE
0.0%▼
2024 · 0.0%
Interest coverage
20.60▲
2024 · 13.85
Debt ≤ 1 year
€152,738▲
2024 · €111,350
Income taxes
€190▼
2024 · €226
Customer credit
5 days▲
2024 · 4 days
Supplier credit
68 days▲
2024 · 18 days
Staff costs
€832,222▲
2024 · €726,004
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 59 | 58 | 55 | 57 | 55 |
| full-time | 5 | 2 | 2 | 2 | 3 |
| part-time | 54 | 56 | 53 | 55 | 52 |
| in full-time equivalents | 33.5 | 32.2 | 30.3 | 32.1 | 31.2 |
| Average over the year, in full-time equivalents | 34.6 | 31.9 | 31.8 | 31.7 | 31.2 |
| On a permanent contract | 59 | 58 | 55 | 57 | 55 |
| Joined | 18 | 13 | 6 | 7 | 7 |
| Left | 17 | 14 | 9 | 5 | 9 |
| Training hours | 188 | 831 | 287 | 245 | 286 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €19,115 | €1,124 | €18,631 | - | €7,208 |
| Depreciation and write-downs of the year | €4,297 | €4,598 | €1,732 | €4,122 | €4,643 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 4 entries · €43,603 awarded · €43,603 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €15,816 | €15,816 |
| 2024 | 1 | €10,347 | €10,347 |
| 2023 | 1 | €10,687 | €10,687 |
| 2022 | 1 | €6,753 | €6,753 |
Schemes
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €816,316 | €853,907 | €785,366 | €842,851 | €847,737 | €854,460 | €827,660 | €907,723 | ▲ 9.7% |
| Non-recurring operating income76A | - | - | - | €61,157 | €60,952 | €41,563 | €67,230 | €67,132 | ▼ 0.1% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €133,463 | €130,264 | €142,433 | €155,011 | €142,048 | ▼ 8.4% |
| Remuneration, social security and pensions62 | - | - | - | €776,602 | €757,693 | €744,312 | €726,004 | €832,222 | ▲ 14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,276 | €928 | €418 | €4,297 | €4,598 | €1,732 | €4,122 | €4,643 | ▲ 12.6% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | -€12,799 | €10,595 | -€3,777 | €151 | -€5,985 | - |
| Other operating charges640/8 | - | - | - | €1,580 | €1,163 | €650 | €758 | €944 | ▲ 24.5% |
| Non-recurring operating charges66A | - | - | - | €363 | €3,633 | €9,913 | €8,226 | €543 | ▼ 93.4% |
| Gross operating margin9900 | €712,660 | €745,536 | €711,779 | €770,545 | €778,452 | €753,590 | €739,878 | €832,807 | ▲ 12.6% |
| Operating profit (loss)9901 | €379 | €807 | €1,169 | €502 | €770 | €759 | €618 | €441 | ▼ 28.7% |
| Financial income75/76B | - | - | - | - | - | - | €1 | €1 | ▼ 14.9% |
| Recurring financial income75 | €0 | €20 | - | - | - | - | €1 | €1 | ▼ 14.9% |
| Financial charges65/66B | - | - | - | €266 | €351 | €314 | €342 | €247 | ▼ 27.9% |
| Recurring financial charges65 | €75 | €84 | €419 | €266 | €351 | €314 | €342 | €247 | ▼ 27.9% |
| Profit (loss) for the period before taxes9903 | €304 | €744 | €751 | €236 | €419 | €446 | €277 | €195 | ▼ 29.5% |
| Income taxes67/77 | - | €105 | €293 | €169 | €221 | €372 | €226 | €190 | ▼ 16.0% |
| Profit (loss) for the period9904 | €304 | €638 | €457 | €67 | €198 | €74 | €50 | €5 | ▼ 90.0% |
| Profit (loss) for the period to be appropriated9905 | €304 | €638 | €457 | €67 | €198 | €74 | €50 | €5 | ▼ 90.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €320,330 | €386,133 | €324,378 | €310,833 | €397,278 | €433,219 | €355,536 | €362,526 | ▲ 2.0% |
| Fixed assets21/28 | €5,248 | €4,320 | €4,473 | €19,291 | €15,817 | €22,521 | €18,399 | €20,964 | ▲ 13.9% |
| Intangible fixed assets21 | €455 | - | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €701 | €228 | €381 | €15,199 | €11,725 | €18,429 | €14,307 | €16,872 | ▲ 17.9% |
| Plant, machinery and equipment23 | - | - | - | €1,607 | €1,092 | €835 | €407 | €1,617 | ▲ 297% |
| Furniture and vehicles24 | - | - | - | €13,592 | €10,633 | €17,594 | €13,900 | €15,255 | ▲ 9.8% |
| Financial fixed assets28 | €4,092 | €4,092 | €4,092 | €4,092 | €4,092 | €4,092 | €4,092 | €4,092 | = |
| Current assets29/58 | €315,082 | €381,813 | €319,905 | €291,542 | €381,461 | €410,698 | €337,136 | €341,562 | ▲ 1.3% |
| Amounts receivable within one year40/41 | €165,905 | €253,557 | €186,324 | €174,647 | €177,238 | €158,008 | €188,357 | €198,094 | ▲ 5.2% |
| Trade receivables40 | - | - | - | €29,647 | €32,238 | €13,008 | €8,357 | €13,094 | ▲ 56.7% |
| Other amounts receivable41 | - | - | - | €145,000 | €145,000 | €145,000 | €180,000 | €185,000 | ▲ 2.8% |
| Cash at bank and in hand54/58 | €25,045 | €51,309 | €108,536 | €12,431 | €173,055 | €245,909 | €67,197 | €29,746 | ▼ 55.7% |
| Deferred charges and accrued income490/1 | - | - | - | €104,464 | €31,169 | €6,781 | €81,582 | €113,723 | ▲ 39.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €320,330 | €386,133 | €324,378 | €310,833 | €397,278 | €433,219 | €355,536 | €362,526 | ▲ 2.0% |
| Equity10/15 | €134,570 | €135,208 | €135,666 | €135,733 | €135,931 | €136,005 | €136,106 | €136,161 | = |
| Contributions10/11 | €4,638 | €4,638 | €4,638 | €4,638 | €4,638 | €4,638 | €4,688 | €4,738 | ▲ 1.1% |
| Capital10 | - | - | - | €4,638 | €4,638 | €4,638 | €4,688 | €4,738 | ▲ 1.1% |
| Issued capital100 | - | - | - | €18,550 | €18,550 | €18,550 | €18,600 | €18,650 | ▲ 0.3% |
| Uncalled capital101 | - | - | - | €13,913 | €13,913 | €13,913 | €13,913 | €13,913 | = |
| Reserves13 | €23,601 | €23,601 | €23,601 | €23,601 | €23,601 | €23,601 | €23,601 | €23,601 | = |
| Non-distributable reserves130/1 | - | - | - | €3,601 | €3,601 | €3,601 | €3,601 | €3,601 | = |
| Legal reserve130 | - | - | - | €3,601 | €3,601 | €3,601 | €3,601 | €3,601 | = |
| Distributable reserves133 | - | - | - | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | €106,332 | €106,970 | €107,427 | €107,494 | €107,693 | €107,767 | €107,818 | €107,823 | = |
| Provisions and deferred taxes16 | - | €1,915 | €16,287 | €3,488 | €14,083 | €10,307 | €10,458 | €4,473 | ▼ 57.2% |
| Provisions for liabilities and charges160/5 | - | - | - | €3,488 | €14,083 | €10,307 | €10,458 | €4,473 | ▼ 57.2% |
| Other liabilities and charges164/5 | - | - | - | €3,488 | €14,083 | €10,307 | €10,458 | €4,473 | ▼ 57.2% |
| Amounts payable17/49 | €185,760 | €249,009 | €172,425 | €171,612 | €247,263 | €286,907 | €208,972 | €221,892 | ▲ 6.2% |
| Amounts payable within one year42/48 | €158,836 | €232,791 | €94,214 | €100,238 | €163,092 | €178,498 | €111,350 | €152,738 | ▲ 37.2% |
| Trade debts44 | €24,690 | €58,207 | €40,762 | €29,057 | €30,776 | €48,793 | €7,432 | €26,604 | ▲ 258% |
| Suppliers440/4 | - | - | - | €29,057 | €30,776 | €48,793 | €7,432 | €26,604 | ▲ 258% |
| Taxes, remuneration and social security45 | - | - | - | €56,181 | €67,316 | €64,705 | €83,918 | €76,134 | ▼ 9.3% |
| Taxes450/3 | - | - | - | - | - | - | €3,672 | - | - |
| Remuneration and social security454/9 | - | - | - | €56,181 | €67,316 | €64,705 | €80,246 | €76,134 | ▼ 5.1% |
| Other amounts payable47/48 | - | - | - | €15,000 | €65,000 | €65,000 | €20,000 | €50,000 | ▲ 150% |
| Accrued charges and deferred income492/3 | - | - | - | €71,374 | €84,172 | €108,409 | €97,622 | €69,155 | ▼ 29.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €304 | €638 | €457 | €67 | €198 | €74 | €50 | €5 | ▼ 90.0% |
| + Depreciation and write-downs630 | €1,276 | €928 | €418 | €4,297 | €4,598 | €1,732 | €4,122 | €4,643 | ▲ 12.6% |
| Operating cash flow (approximation) | €1,579 | €1,567 | €876 | €4,364 | €4,797 | €1,807 | €4,173 | €4,648 | ▲ 11.4% |
| Investment in fixed assets (approximation) | - | €0 | -€572 | -€19,115 | -€1,124 | -€8,437 | €0 | -€7,208 | - |
| Change in cash | - | €26,264 | €57,227 | -€96,105 | €160,623 | €72,855 | -€178,712 | -€37,451 | ▲ 79.0% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 14,766 companies had the same profile as META SERVICES has now. Two years later, 96.2% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
96.2%
was still going
3.5%
stopped otherwise
0.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of META SERVICES itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 14,766 companies, not a prediction for META SERVICES. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 20 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 11-06-2026 | 2026-00161156 | |
| 31-12-2024 | full format | 17-06-2025 | 2025-00159323 | |
| 31-12-2023 | full format | 06-06-2024 | 2024-00115603 | |
| 31-12-2022 | full format | 14-02-2024 | 2024-00030615 | |
| 31-12-2021 | full format | 01-09-2022 | 2022-20425595 | |
| 31-12-2020 | full format | 30-08-2021 | 2021-59200510 | |
| 31-12-2019 | full format | 13-11-2020 | 2020-70500260 | |
| 31-12-2018 | full format | 01-07-2019 | 2019-26500431 | |
| 31-12-2017 | full format | 02-07-2018 | 2018-27700342 | |
| 31-12-2016 | full format | 28-06-2017 | 2017-24000173 |