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Complete company report
Generated 16-07-2026
Active BE 0400.097.680Public limited company

Metafor

Vantegemstraat 25 ·9230 Wetteren, Belgium· 59 yrs active
Sector: NACE 25402 (25402)
Conclusion Checked

The computed 12-month bankruptcy probability of Metafor is 0.4% (very low). The 2024 annual accounts show equity of €479k and a net result of €-261k. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 18% of 134 sector peers (fiscal year 2024). The company has been active since 1967 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.
Key figures
Equity €479k
Net result €-261k
Staff (FTE) 27.5
Better than sector 18%
Snowflake analysis 5 axes · computed by Checked
Health35Profitability0Solvency20Growth58Stability100
43 / 100

Fragile profile, watch profitability in particular.

Health 35
Profitability 0
Solvency 20
Growth 58
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
0.4% Very low
0%0,5%1,5%4%10%≥25%
Long track record −Higher-failure-rate sector +Lower-risk legal form −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
Long-established
Founded in 1967, 59 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2024 · computed
35 / 100 Weak
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 16-07-2025 with the NBB · fiscal year 2024 · verkort
€-300k€-200k€-100k€0€100kOperating result 2020: €-27k€-27kNet result 2020: €-258k€-258kOperating result 2021: €67k€67kNet result 2021: €71k€71kOperating result 2022: €8k€8kNet result 2022: €-13k€-13kOperating result 2023: €78k€78kNet result 2023: €18k€18kOperating result 2024: €-218k€-218kNet result 2024: €-261k€-261k20202021202220232024
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
stable Equity: stable across 7 fiscal years (±0.6%/year).
€400k€500k€600k€700k€800k2025: €735k (€697k - €774k)2026: €740k (€690k - €790k)2027: €745k (€676k - €814k)2018: €594k2019: €721k2020: €663k2021: €734k2022: €721k2023: €740k2024: €479k2018201920202021202220232024202520262027
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2024 · NACE 25 · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency 9.2% 34.8%
better than 18% of 134 sector peers
Net result €-261k €44k
better than 7% of 134 sector peers
Equity €479k €267k
better than 67% of 134 sector peers
Gross operating margin €1.54M €333k
better than 90% of 134 sector peers
Staff costs €1.33M €314k
higher than 89% of 98 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€189k
-58.6% -28% vs sector
Net profit
€-261k
- far below sector median
Cash flow
€146k
-63.2% -14% vs sector
Total assets
€5.17M
-1.8% +253% vs sector
Equity
€479k
-35.3% -59% vs sector
Working capital
€258k
-64.2% -62% vs sector
Employees (FTE)
28
+3.0% +257% vs sector
Staff costs
€1.33M
+0.4% +252% vs sector
Income taxes
€1k
-54.4% -98% vs sector
Debt
€4.45M
+5.0% far above sector median
Debt ≤ 1y
€1.71M
+27.1% far above sector median
Debt > 1y
€2.75M
-4.5% far above sector median
Current ratio
1.15
-25.1% -64% vs sector
Quick ratio
0.82
-22.5% -68% vs sector
Solvency
9.2%
-34.1% -88% vs sector
Debt / equity
9.30
+62.2% far above sector median
ROE
-54.6%
- far below sector median
ROA
-5.0%
- far below sector median
Interest coverage
1.96
-57.5% -95% vs sector
Figures by fiscal year
Fiscal year2024
Revenue-
EBITDA€189k
Net profit€-261k
Cash flow€146k
Staff costs€1.33M
Income taxes€1k
Dividends-
Total assets€5.17M
Equity€479k
Debt€4.45M
of which ≤ 1y€1.71M
of which > 1y€2.75M
Working capital€258k
Employees (FTE)27.5
Ratios (computed)
2024
Current ratio1.15
Quick ratio0.82
Working capital ratio5.0%
Solvency9.2%
Debt / equity9.30
Long-term debt ratio5.74
Interest coverage1.96
Gross margin-
Net margin-
ROA-5.0%
ROE-54.6%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€5.17M
Fixed assets 21/28€3.21M
Intangible fixed assets 21€18k
Tangible fixed assets 22/27€3.19M
Current assets 29/58€1.96M
Stocks & contracts in progress 3€564k
Amounts receivable within one year 40/41€1.32M
Cash & bank 54/58€33k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€5.17M
Equity 10/15€479k
Contributions / capital 10/11€72k
Reserves 13€358k
Accumulated profits (losses) 14€49k
Provisions & deferred taxes 16€244k
Amounts payable 17/49€4.45M
Amounts payable after one year 17€2.75M
Amounts payable within one year 42/48€1.71M
Trade debts payable within one year 44€411k
Income statement
Gross operating margin 9900€1.54M
Operating result 9901€-218k
Financial income 75€11k
Financial charges 65€97k
Result before taxes 9903€-304k
Income taxes 67/77€1k
Net result for the period 9904€-261k
Result to be appropriated 9905€-126k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary 25402
Legal form Public limited company(014)
Incorporation12-04-1967
StatusActive
Postal code9230
Establishment units 1 location
Vantegemstraat 25, 9230 Wetteren
Vervaardiging van machines en apparaten voor algemeen gebruik
since 19672.001.337.058
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
42025G1244/00F000 Flanders 9,471 m² 1 · 3,154 m² 11.3 m · 3 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
16-07-2025
NBB filing Annual accounts filed
fiscal year 2024 · verkort
2024
29-08-2024
NBB filing Annual accounts filed
fiscal year 2023 · verkort
2023
30-06-2023
NBB filing Annual accounts filed
fiscal year 2022 · verkort
2022
24-08-2022
NBB filing Annual accounts filed
fiscal year 2021 · verkort
17-06-2022
State Gazette act Director changes
2021
25-08-2021
NBB filing Annual accounts filed
fiscal year 2020 · verkort
2020
05-05-2020
NBB filing Annual accounts filed
fiscal year 2019 · verkort
2019
26-06-2019
NBB filing Annual accounts filed
fiscal year 2018 · verkort
2018
26-07-2018
NBB filing Annual accounts filed
fiscal year 2017 · verkort
2017
08-06-2017
NBB filing Annual accounts filed
fiscal year 2016 · verkort
2016
31-08-2016
NBB filing Annual accounts filed
fiscal year 2015 · verkort
Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 4 years ago
2022
17-06-2022 3 directors appointed Director changes
  • Lauren GEIRNAERT, Bestuurder
  • Fleur GEIRNAERT, Bestuurder
  • Modius BV, Gedelegeerd bestuurder
Technical details 
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  "events": [
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Lauren GEIRNAERT",
        "address": "9090 Melle, Boterbloemstraat 15",
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "regular",
      "via_org": null,
      "statutory": "statutair",
      "compensated": false,
      "effective_date": "2022-05-16",
      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "until_agm_year",
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      },
      "rep_rotation_new_rep": null,
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      "effective_date_qualifier": "immediate"
    },
    {
      "kind": "director_in",
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        "name": "Fleur GEIRNAERT",
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      },
      "reason": null,
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      },
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    },
    {
      "kind": "delegation_dagelijks_bestuur_in",
      "role": "gedelegeerd_bestuurder",
      "person": {
        "rrn": "0845.685.590",
        "name": "Modius BV",
        "address": "9000 Gent, Ketelvest 27/0401",
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "additional",
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      "statutory": "statutair",
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      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "until_agm_year",
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      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": "immediate"
    },
    {
      "kind": "substantive_delegation",
      "role": "vaste_vertegenwoordiger",
      "person": {
        "rrn": null,
        "name": "Dick GEIRNAERT",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "additional",
      "via_org": {
        "kbo": "0845.685.590",
        "name": "Modius BV",
        "address": "9000 Gent, Ketelvest 27/0401",
        "country": "BE",
        "legal_form": "BV"
      },
      "statutory": null,
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      "evidence_quote": "",
      "decharge_status": null,
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      "rep_rotation_old_rep": null,
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    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "mixed",
    "pub_date": "2022-06-17",
    "filing_date": "2022-06-09",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
    {
      "body": "algemene_vergadering",
      "date": "2022-05-16",
      "unanimous": true
    },
    {
      "body": "raad_van_bestuur",
      "date": "2022-05-16",
      "unanimous": true
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0400.097.680",
    "name_full": "METAFOR",
    "legal_form": "naamloze vennootschap"
  },
  "publication_proxy": {
    "kind": "org",
    "org_kbo": null,
    "org_name": "A\u0026BV BV",
    "person_name": null,
    "org_rep_person_name": "Ann DE WILD\u0415",
    "person_role_at_subject": null
  },
  "co_filed_documents": [
    "eenparig genomen schriftelijke besluiten van de aandeelhouders van 16 mei 2022",
    "unanieme schriftelijke besluiten van de raad van bestuur van 16 mei 2022"
  ],
  "corrected_publication_numac": null
}
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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Bewerken van metaal en poedermetallurgie25402Persen, stampen en profielwalsen van metaal; poedermetallurgie25502Smeden van metaal28401Smeden van metaal25401Smeden van metaal25501Groothandel in ijzerwaren46741Groothandel in ijzerwaren46841Groothandel in ijzerwaren51541
Primary activity highlighted.
Names & trade names
Legal nameNL Metafor
Registered office
Vantegemstraat 25
9230 Wetteren, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative