Metafor
ActiveSummary
Metafor has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €102,837 and a net result of €13,524. Equity is growing by ~4.9% per year across the filed fiscal years. Its solvency ranks better than 51% of 7868 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▲+4
Solvency70▼-11
Growth43▼-19
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity ample (current ratio 4.29 against 3.33 in 2024; short-term debt: 22.4% and cash: 8.9% of total assets), but 55.5% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
44.5%
Return on assets
5.9%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
20 d late
2023
8 d early
2022
40 d early
2021
12 d late
2020
24 d late
2019
105 d late
← 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 13 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
€159,037▼ 33.3%
2024 · €238,467
EBIT margin
12.4%▲ 7.4pp
2024 · 5.0%
Net result
€13,524▲ 43.3%
2024 · €9,435
Working capital
€170,140▲ 41.5%
2024 · €120,243
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€217,820▼ 5.3%€202,504▼ 7.0%€232,537▲ 14.8%€238,467▲ 2.6%€159,037▼ 33.3%
Operating result€10,080▲ 201%€84▼ 99.2%€9,047▲ 10,675%€11,924▲ 31.8%€19,729▲ 65.5%
Net result€8,818▲ 106%€2,871▼ 67.4%€9,387▲ 227%€9,435▲ 0.5%€13,524▲ 43.3%
EBIT margin4.6%▲ 3.2pp0.0%▼ 4.6pp3.9%▲ 3.8pp5.0%▲ 1.1pp12.4%▲ 7.4pp
Equity€138,918▲ 6.8%€140,987▲ 1.5%€152,766▲ 8.4%€162,201▲ 6.2%€102,837▼ 36.6%
Total assets€200,223▲ 9.8%€342,884▲ 71.3%€305,084▼ 11.0%€290,252▼ 4.9%€230,973▼ 20.4%
Debt€61,305▲ 17.4%€201,897▲ 229%€152,318▼ 24.6%€128,050▼ 15.9%€128,135▲ 0.1%
Working capital€125,590▲ 2.9%€107,545▼ 14.4%€111,127▲ 3.3%€120,243▲ 8.2%€170,140▲ 41.5%
Staff (FTE)
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 65% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €230,973
Fixed assets
€9,099 ▼ 92.3%
Current assets
€221,874 ▲ 29.1%
Equity and liabilities €230,973
Equity
€102,837 ▼ 36.6%
Debt
€128,135 ▲ 0.1%
Debt's share of the balance-sheet total rises from 44.1% to 55.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€22,799▼
2024 · €29,323
Cash flow
€16,594▼
2024 · €26,834
Current ratio
4.29▲
2024 · 3.33
Debt to equity
1.25▲
2024 · 0.79
ROE
13.2%▲
2024 · 5.8%
ROA
5.9%▲
2024 · 3.3%
Interest coverage
6.10▼
2024 · 6.27
Debt ≤ 1 year
€51,734▲
2024 · €51,649
Debt > 1 year
€76,401=
2024 · €76,401
Income taxes
€7,837▲
2024 · €5,386
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €217,820 | €202,504 | €232,537 | €238,467 | €159,037 | ▼ 33.3% |
| Goods, raw materials, services and sundry goods60/61 | €196,160 | €189,907 | €208,418 | €225,065 | €139,533 | ▼ 38.0% |
| Remuneration, social security and pensions62 | €340 | €109 | - | €112 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,878 | €8,110 | €22,030 | €17,399 | €3,070 | ▼ 82.4% |
| Other operating charges640/8 | €1,262 | €4,632 | €5,565 | €2,680 | €645 | ▼ 75.9% |
| Non-recurring operating charges66A | - | €4,386 | - | - | €13,690 | - |
| Gross operating margin9900 | €17,560 | €17,319 | €36,642 | €32,114 | €37,135 | ▲ 15.6% |
| Operating profit (loss)9901 | €10,080 | €84 | €9,047 | €11,924 | €19,729 | ▲ 65.5% |
| Financial income75/76B | €8,791 | €8,748 | €6,803 | €7,576 | €5,372 | ▼ 29.1% |
| Recurring financial income75 | €8,791 | €8,748 | €6,803 | €7,576 | €5,372 | ▼ 29.1% |
| Financial charges65/66B | €4,855 | €3,281 | €5,739 | €4,679 | €3,740 | ▼ 20.1% |
| Recurring financial charges65 | €4,855 | €3,281 | €5,739 | €4,679 | €3,740 | ▼ 20.1% |
| Profit (loss) for the period before taxes9903 | €14,017 | €5,551 | €10,112 | €14,821 | €21,361 | ▲ 44.1% |
| Income taxes67/77 | €5,199 | €2,679 | €725 | €5,386 | €7,837 | ▲ 45.5% |
| Profit (loss) for the period9904 | €8,818 | €2,871 | €9,387 | €9,435 | €13,524 | ▲ 43.3% |
| Profit (loss) for the period to be appropriated9905 | €8,818 | €2,871 | €9,387 | €9,435 | €13,524 | ▲ 43.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €200,223 | €342,884 | €305,084 | €290,252 | €230,973 | ▼ 20.4% |
| Fixed assets21/28 | €22,804 | €147,560 | €135,507 | €118,360 | €9,099 | ▼ 92.3% |
| Tangible fixed assets22/27 | €21,840 | €146,597 | €134,544 | €117,396 | €8,135 | ▼ 93.1% |
| Land and buildings22 | €7,786 | €2,986 | €2,571 | €2,156 | €1,741 | ▼ 19.3% |
| Plant, machinery and equipment23 | €5,561 | €6,374 | €12,383 | €9,050 | €6,395 | ▼ 29.3% |
| Furniture and vehicles24 | €8,493 | €137,237 | €119,590 | €106,190 | - | - |
| Financial fixed assets28 | €964 | €964 | €964 | €964 | €964 | = |
| Current assets29/58 | €177,419 | €195,324 | €169,577 | €171,892 | €221,874 | ▲ 29.1% |
| Amounts receivable within one year40/41 | €139,695 | €169,755 | €151,514 | €130,586 | €201,398 | ▲ 54.2% |
| Trade receivables40 | €18,200 | €12,460 | €18,615 | €6,323 | €124,163 | ▲ 1,864% |
| Other amounts receivable41 | €121,495 | €157,296 | €132,900 | €124,264 | €77,236 | ▼ 37.8% |
| Cash at bank and in hand54/58 | €37,582 | €22,310 | €17,737 | €40,972 | €20,476 | ▼ 50.0% |
| Deferred charges and accrued income490/1 | €141 | €3,259 | €325 | €333 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €200,223 | €342,884 | €305,084 | €290,252 | €230,973 | ▼ 20.4% |
| Equity10/15 | €138,918 | €140,987 | €152,766 | €162,201 | €102,837 | ▼ 36.6% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | - | - |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | - | - |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | - | - |
| Reserves13 | €21,864 | €32,752 | €44,531 | €53,966 | €56,602 | ▲ 4.9% |
| Non-distributable reserves130/1 | €14,082 | €24,970 | €34,357 | €43,691 | €46,328 | ▲ 6.0% |
| Legal reserve130 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Other1319 | €7,882 | €18,770 | €28,157 | €37,491 | €40,128 | ▲ 7.0% |
| Tax-exempt reserves132 | - | - | €2,392 | €2,392 | €2,392 | = |
| Distributable reserves133 | €7,782 | €7,782 | €7,782 | €7,882 | €7,882 | = |
| Profit (loss) carried forward14 | €55,053 | €46,235 | €46,235 | €46,235 | €46,235 | = |
| Amounts payable17/49 | €61,305 | €201,897 | €152,318 | €128,050 | €128,135 | ▲ 0.1% |
| Amounts payable after more than one year17 | €9,477 | €114,118 | €93,868 | €76,401 | €76,401 | = |
| Financial debts170/4 | €9,477 | €114,118 | €93,868 | €76,401 | €76,401 | = |
| Amounts payable within one year42/48 | €51,829 | €87,779 | €58,450 | €51,649 | €51,734 | ▲ 0.2% |
| Current portion of amounts payable after more than one year42 | €12,243 | €22,360 | €20,250 | €17,467 | - | - |
| Trade debts44 | €37,563 | €52,764 | €32,142 | €25,171 | €8,711 | ▼ 65.4% |
| Suppliers440/4 | €37,563 | €52,764 | €32,142 | €25,171 | €8,711 | ▼ 65.4% |
| Taxes, remuneration and social security45 | €2,022 | €12,655 | €6,058 | €9,011 | €32,843 | ▲ 264% |
| Taxes450/3 | €2,022 | €12,655 | €6,058 | €9,011 | €32,843 | ▲ 264% |
| Other amounts payable47/48 | - | - | - | - | €10,180 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,818 | €2,871 | €9,387 | €9,435 | €13,524 | ▲ 43.3% |
| + Depreciation and write-downs630 | €5,878 | €8,110 | €22,030 | €17,399 | €3,070 | ▼ 82.4% |
| Operating cash flow (approximation) | €14,696 | €10,981 | €31,417 | €26,834 | €16,594 | ▼ 38.2% |
| Investment in fixed assets (approximation) | - | -€132,866 | -€9,977 | -€251 | €106,190 | ▲ 42,390% |
| Change in cash | - | -€15,272 | -€4,573 | €23,235 | -€20,497 | ▼ 188% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €13,524 ▲43.3%
Operating result €19,729, net result €13,524, both a record.
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €150,000Eq €152,766 ▲8.4%
6 profitable years in a row build equity to €152,766.
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €2,871 ▼67.4%
Net result drops to €2,871, the lowest in the series; recovery starts the following year.
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 12 days late
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
13-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 105 days late
2019
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 21 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
11 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Marche-en-Famenne · 1 establishment unit since 1964
Ground area
2,687 m²
Building footprint
126 m²
Parcel 83002A1247/00Z008, Wallonia. Linked by address, not a title deed.
1 establishment unit
METAFOR S A CONSTRUCTION
since 19642.000.103.970
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 83002A1247/00Z008 | Wallonia | 2,686 m² | 1 · 126 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,416. 6,225 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
16230Manufacture of other builders' carpentry and joinery
43222Installation of electric heating, air conditioning, cooling and ventilation
47551Retail sale of household furniture
Scores and ratios are computed by Checked and are not a credit decision.