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Metafor

Active
Public limited companyfounded 1967active for 59 yearsVantegemstraat 25, 9230 Wetteren, BelgiumKBO/BCE: BE 0400.097.680
Summary

The computed 12-month bankruptcy probability of Metafor is 2.1% (moderate). The 2025 annual accounts show equity of €404,202 and a net result of -€74,383. Equity remains stable across the filed financial years (±2.3% per year). Its solvency ranks better than 8% of 821 sector peers (NACE 25, financial year 2025). The company has been active since 1967 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Manufacture of fabricated metal products, except machinery and equipment
NACE 25402
#6 oldest company in Wetteren, Manufacturing sector1 site
Size
€5.0mtotal assets 2025
Staff
27.1 FTE
Equity
€404,202
Loss
-€74,383
Net result +72%: other schema
Financial health
51 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
2.1%
Structure
Parent
Modius · 99.87%
Accounts filed 35 days late0 of 9 deeds read
Why 51raises riskLiquidity: current ratio 0.91, cash €49,592Equity €404,202 (8.0% of total assets)Sector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)Latest accounts 35 days late; 1 of the last 3 lateShow the evidence

Checked score

Score 2025
51 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 15% of its sector peers (NACE 25, small)
Financial strength · tick = 2024
Weak
Solvency 33-1
equity 8.0% of total assets
Liquidity 28-8
short-term debt 46.9% · cash 1.0%
Profitability 45+16
return on assets -1.5%
Bankruptcy probability, 12 months
2.1% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (747 companies, NACE 25, small)
Last 24 months 11-2024: 1.4%lowest value 12-2024: 1.4%● unchanged vs 11-2024lowest value 01-2025: 1.4%● unchanged vs 12-2024lowest value 02-2025: 1.4%● unchanged vs 01-2025 03-2025: 1.4%● unchanged vs 02-2025 04-2025: 1.5%▲ +0.1 percentage points vs 03-2025 05-2025: 1.5%● unchanged vs 04-2025 06-2025: 1.5%● unchanged vs 05-2025 07-2025: 1.7%▲ +0.2 percentage points vs 06-2025 08-2025: 2.1%▲ +0.4 percentage points vs 07-2025 09-2025: 2.1%● unchanged vs 08-2025 10-2025: 2.1%● unchanged vs 09-2025 11-2025: 2.1%● unchanged vs 10-2025 12-2025: 2.1%● unchanged vs 11-2025 01-2026: 2.1%● unchanged vs 12-2025 02-2026: 2.1%● unchanged vs 01-2026 03-2026: 2.1%● unchanged vs 02-2026 04-2026: 2.2%▲ +0.1 percentage points vs 03-2026 05-2026: 2.2%● unchanged vs 04-2026 06-2026: 2.3%▲ +0.1 percentage points vs 05-2026 07-2026: 2.3%● unchanged vs 06-2026 08-2026: 3.3%▲ +1.0 percentage point vs 07-2026 09-2026: 3.8%▲ +0.5 percentage points vs 08-2026highest value 10-2026: 2.1%▼ -1.7 percentage points vs 09-2026
Credit of up to €20,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.91, compared with 1.15 in 2024; short-term debt: 46.9% and cash: 1% of total assets), and 92% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 25, small): better than 7% on solvency, 20% on liquidity, 21% on profitability and 13% on growth.

The bankruptcy probability was computed on 10-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.
raises riskneutral
raises risk · Liquidity: current ratio 0.91, cash €49,592
NBB · annual accounts
raises risk · Equity €404,202 (8.0% of total assets)
NBB · annual accounts
raises risk · Sector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
KBO
raises risk · Latest accounts 35 days late; 1 of the last 3 late
NBB · filings
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€74,383
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 821 sector peers (2025).
NBB · sector comparison
Position among 821 sector peers
Solvency
better than 8%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-09-2026, 35 days later. For context: 47% of Belgian companies file late, and of those that file 1 to 90 days late, 2.0% are now in a legal situation other than normal in the KBO (such as bankruptcy, liquidation or dissolution), against 1.66% of all filers. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
35 days late
2024
15 days early
2023
29 days late
2022
31 days early
2021
24 days late
2020
25 days late
2019
87 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 3 days before the deadline; the sector median (NACE 25) for financial year 2024 is 7 days before the deadline, and 35% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 24 August (4 of the last 5 filed years within 39 days of that day).
Companies Code · seven months
Where today falls in the filing period
11-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Annual accounts filedfinancial year 2024 · abbreviated…
  3. Weakest financial yearnet -€261,088

Key points

  • Caution: Among the weakest 9% on solvencysector median 45.9% · 821 companies 8.0% View
  • Positive: Result rose in 2025different schema filed ▲ 71.5% View
  • Controlled by Modiusultimately: NV GEVIN 99.87% View
  • Caution: 2 loss-making years in a rowloss financial year 2025 -€74,383 View
  • Active since 1967founded 12-04-1967 59 years View
  • Flemish supportawarded 2022 - 2025 €58,724 View

By topic

Financials

Financial year
2025
Total assets
€5.0m
Loss
-€74,383
Solvency
8.0%
Total assets▼ 2.6%
Net result
20182025
Go to Financials

Timeline

Events
52
Since
1978
Next accounts
by 31-07-2027
  1. 29-08-2024Annual accounts filed
  2. 31-12-2023Back to profit
  3. 30-06-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Manufacture of fabricated metal products, except machinery and…NACE 25402
Founded
12-04-1967
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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