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MetaForge

Active
Private limited companyfounded 2023active for 3 yearsHeirbaan (STG) 71, 9200 Dendermonde, BelgiumKBO/BCE: BE 1000.899.745
Summary

MetaForge has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €88,706 and a net result of €59,939. Its solvency ranks better than 55% of 21,149 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Overview

Official details

Source: KBO
Status
Active since 06-10-2023 Normal situation
Activity
Computer consultancy and computer facilities management NACE 62200
Establishment unit
2.351.093.720 9200 Dendermonde, since 06-10-2023
Financial year end
30 June
Peppol
Reachable since 27-03-2025

Board and ownership

Board

Financial position

97 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Annual accounts to 30-06-2025
Gross margin
€88,202
▲ 133%
Turnover
≈ €170,000
estimated
Profit
€59,939
▲ 133%
Equity
€88,706
▲ 208%
Total assets
€137,680
▲ 110%
Score breakdownraises riskFounded in 2023lowers riskLiquidity: current ratio 2.75, cash €104,245Sector: Computer programming, consultancy and related activities (NACE 62)Size: total assets €137,680Show the evidence

Checked score

Score 2025
97 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 76% of micro companies in computer programming and consultancy (NACE 62)
Financial strength · tick: 2024
Strong
Solvency 89+20
equity 64.4% of total assets
Liquidity 84+13
short-term debt 35.6% · cash 75.7%
Profitability 100=
return on assets 43.5%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (25,915 companies, NACE 62, micro)
Last 24 months 12-2024: 0.4% 01-2025: 0.4%● unchanged vs 12-2024highest value 02-2025: < 0.1%▼ -0.4 percentage points vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: 0.1%▲ +0.1 percentage points vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: < 0.1%▼ -0.1 percentage points vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026lowest value 08-2026: < 0.1%● unchanged vs 07-2026lowest value 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026 11-2026: < 0.1%● unchanged vs 10-2026
Credit of up to €8,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.75 (1.68 in 2024), above the usual 1.5. Short-term debt is 35.6% and cash 75.7% of total assets. 35.6% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 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 62, micro). It does better than 57% of them on solvency, 68% on liquidity, 82% on profitability and 95% on growth.

The bankruptcy probability was computed on 03-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Liquidity: current ratio 2.75, cash €104,245
NBB · annual accounts
lowers risk · Sector: Computer programming, consultancy and related activities (NACE 62)
KBO
raises risk · Founded in 2023
Companies of this age fail more often than older ones. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Size: total assets €137,680
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 27-01-2026, 4 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
4 days early
2024
3 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 2 accounts on average 4 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today.
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end04-11-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since incorporation in 2023.
KBO publications

Financials

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 27-01-2026 PDF all 2 filings

Turnover
≈ €170,000
Estimated: probably between €150,000 and €220,000
Total assets
€137,680▲ 110%
2024 · €65,414
Net result
€59,939▲ 133%
2024 · €25,767
Working capital
€85,514▲ 245%
2024 · €24,774
Multi-year overview
2024 to 2025, 2 financial years
Operating result
€87,131
▲ 149% 2025
20242025
Net result
€59,939
▲ 133% 2025
highest quarter of the sector
20242025
Equity
€88,706
▲ 208% 2025
middle half of the sector
20242025
Total assets
€137,680
▲ 110% 2025
middle half of the sector
20242025
Debt
€48,974
▲ 33.6% 2025
20242025
Working capital
€85,514
▲ 245% 2025
middle half of the sector
20242025
Solvency
64.4%
▲ 20.5pp 2025
middle half of the sector
20242025
Current ratio
2.75
▲ 1.07 2025
middle half of the sector
20242025
Return on assets (ROA)
43.5%
▲ 4.1pp 2025
highest quarter of the sector
20242025
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line20242025
Operating result€34,932-€87,131▲ 149%
Net result€25,767within the sector's middle half-€59,939above the sector's middle half▲ 133%
Equity€28,767within the sector's middle half-€88,706within the sector's middle half▲ 208%
Total assets€65,414below the sector's middle half-€137,680within the sector's middle half▲ 110%
Debt€36,647-€48,974▲ 33.6%
Working capital€24,774within the sector's middle half-€85,514within the sector's middle half▲ 245%
Solvency44.0%within the sector's middle half-64.4%within the sector's middle half▲ 20.5pp
Current ratio1.68within the sector's middle half-2.75within the sector's middle half▲ 1.07
Return on assets (ROA)39.4%above the sector's middle half-43.5%above the sector's middle half▲ 4.1pp
above within below The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). 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 149% higher than in 2024.

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €137,680
Fixed assets €3,192 ▼ 20.1%
Current assets €134,488 ▲ 119%
Equity and liabilities €137,680
Equity €88,706 ▲ 208%
Debt €48,974 ▲ 33.6%
Debt's share of the balance-sheet total falls from 56.0% to 35.6%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€87,932▲
2024 · €37,543
Cash flow
€60,740▲
2024 · €28,378
Debt to equity
0.55▼
2024 · 1.27
ROE
67.6%▼
2024 · 89.6%
Interest coverage
27.43▲
2024 · 18.03
Debt ≤ 1 year
€48,974▲
2024 · €36,647
Income taxes
€23,986▲
2024 · €7,101
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Investments

fixed assets acquired
Item30-06-202430-06-2025
Tangible fixed assets€4,003-
Intangible fixed assets€2,600-
Depreciation and write-downs of the year€2,611€801

Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 36 lines
Balance sheet Code20242025
Assets
Total assets20/58€65,414€137,680▲
Fixed assets21/28€3,992€3,192▼
Tangible fixed assets22/27€3,992€3,192▼
Furniture and vehicles24€3,992€3,192▼
Current assets29/58€61,422€134,488▲
Amounts receivable within one year40/41€30,450€29,548▼
Trade receivables40€30,450€29,548▼
Cash at bank and in hand54/58€30,325€104,245▲
Deferred charges and accrued income490/1€647€695▲
Equity and liabilities
Total equity and liabilities10/49€65,414€137,680▲
Equity10/15€28,767€88,706▲
Contributions10/11€3,000€3,000=
Reserves13€25,767€85,706▲
Distributable reserves133€25,767€85,706▲
Amounts payable17/49€36,647€48,974▲
Amounts payable within one year42/48€36,647€48,974▲
Trade debts44€5,253€201▼
Suppliers440/4€5,253€201▼
Taxes, remuneration and social security45€16,609€37,441▲
Taxes450/3€16,609€37,441▲
Other amounts payable47/48€14,786€11,333▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,611€801▼
Other operating charges640/8€314€270▼
Gross operating margin9900€37,857€88,202▲
Operating profit (loss)9901€34,932€87,131▲
Financial income75/76B€19€0▼
Recurring financial income75€19€0▼
Financial charges65/66B€2,083€3,206▲
Recurring financial charges65€2,083€3,206▲
Profit (loss) for the period before taxes9903€32,868€83,925▲
Income taxes67/77€7,101€23,986▲
Profit (loss) for the period9904€25,767€59,939▲
Profit (loss) for the period to be appropriated9905€25,767€59,939▲
Appropriation of the result
Profit (loss) to be appropriated9906€25,767€59,939▲
Transfer to equity691/2€25,767€59,939▲
To other reserves6921€25,767€59,939▲

The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 27-01-2026.

Line20242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,611€801▼ 69.3%
Other operating charges640/8€314€270▼ 14.1%
Gross operating margin9900€37,857€88,202▲ 133%
Operating profit (loss)9901€34,932€87,131▲ 149%
Financial income75/76B€19€0▼ 100%
Recurring financial income75€19€0▼ 100%
Financial charges65/66B€2,083€3,206▲ 54.0%
Recurring financial charges65€2,083€3,206▲ 54.0%
Profit (loss) for the period before taxes9903€32,868€83,925▲ 155%
Income taxes67/77€7,101€23,986▲ 238%
Profit (loss) for the period9904€25,767€59,939▲ 133%
Profit (loss) for the period to be appropriated9905€25,767€59,939▲ 133%
Line20242025Change
Assets
Total assets20/58€65,414€137,680▲ 110%
Fixed assets21/28€3,992€3,192▼ 20.1%
Tangible fixed assets22/27€3,992€3,192▼ 20.1%
Furniture and vehicles24€3,992€3,192▼ 20.1%
Current assets29/58€61,422€134,488▲ 119%
Amounts receivable within one year40/41€30,450€29,548▼ 3.0%
Trade receivables40€30,450€29,548▼ 3.0%
Cash at bank and in hand54/58€30,325€104,245▲ 244%
Deferred charges and accrued income490/1€647€695▲ 7.4%
Equity and liabilities
Total equity and liabilities10/49€65,414€137,680▲ 110%
Equity10/15€28,767€88,706▲ 208%
Contributions10/11€3,000€3,000=
Reserves13€25,767€85,706▲ 233%
Distributable reserves133€25,767€85,706▲ 233%
Amounts payable17/49€36,647€48,974▲ 33.6%
Amounts payable within one year42/48€36,647€48,974▲ 33.6%
Trade debts44€5,253€201▼ 96.2%
Suppliers440/4€5,253€201▼ 96.2%
Taxes, remuneration and social security45€16,609€37,441▲ 125%
Taxes450/3€16,609€37,441▲ 125%
Other amounts payable47/48€14,786€11,333▼ 23.4%
Line20242025Change
Profit (loss) for the period9904€25,767€59,939▲ 133%
+ Depreciation and write-downs630€2,611€801▼ 69.3%
Operating cash flow (approximation)€28,378€60,740▲ 114%
Investment in fixed assets (approximation)-€0-
Change in cash-€73,921-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Historical observation

In July 2024, 39,278 companies had the same profile as MetaForge has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
95.8% was still going
2.3% stopped otherwise
1.8% went bankrupt

Another 0.1% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of MetaForge itself is lower: < 0.1% within 12 months. It rests on far more data about MetaForge than the profile alone.

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.

The companies in ten equal groups, from the lowest to the highest expected share
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 39,278 companies, not a prediction for MetaForge. 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.

Filings with the National Bank (2)
Financial year Type Filed Reference Document
30-06-2025 micro format 27-01-2026 2026-00014996 PDF
30-06-2024 micro format 28-01-2025 2025-00014605 PDF

Board & ownership

Directors

Directors
1 director, no change since 2023
DE SMEDT Gill Mick Jean Pierre
Director (not named in the articles) · since 05-10-2023 · term without a fixed end · listed in the 2025 annual accounts, filed on 27-01-2026
Current

Owners and capital

Shareholders

At incorporation act of 10-10-2023 ↗

Capital transactions

Capital over time
  1. 10-10-2023 Incorporation · €3,000 · 3,000 shares

Network & group

MetaForge shares no director with another company.

Connections & network

1 current director
Depth

The network starts from the directors of MetaForge. Every other company they run is a node.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Acts, filings and financial milestones

Deadline for the 2026 accounts: 31-01-2027
2026
27-01
NBB filing Annual accounts 2025 filedPDF
micro format · 4 days before the deadline
2025
28-01
NBB filing Annual accounts 2024 filedPDF
micro format · 3 days before the deadline
2023
10-10
Gazette deed Incorporation
Starting capital €3,000 · Appointment: DE SMEDT Gill Mick Jean Pierre (director) · Founder7 points ▸
  • Incorporation, “MetaForge” (deed in Dutch)
  • Founder, DE SMEDT Gill Mick Jean Pierre
  • Founding capital, €3,000
  • Registered office clause, “Heirbaan 71 te 9200 Dendermonde” (deed in Dutch)
  • Board rule, 1
  • Director appointment, DE SMEDT Gill Mick Jean Pierre (director (not named in the articles))
  • Pre-incorporation commitments, “takeover, alle verbintenissen en verplichtingen en alle activiteiten in naam en voor rekening van vennootschap in oprichting” (deed in Dutch)

Open the act in the Belgian Official Gazette

Gazette deedNBB filing

Sources:Publications in the Belgian Official GazetteFilings with the National Bank

History

MetaForge was incorporated on 6 October 2023 as a private limited company by one natural person, with a starting capital of €3,000.12 Since 2023, DE SMEDT Gill Mick Jean Pierre has served as director.3 The company has filed 2 sets of annual accounts, the latest for financial year 2025.4

  1. 1KBO register
  2. 2Belgian Official Gazette, 10-10-2023
  3. 3National Bank, annual accounts 2025
  4. 4National Bank, annual accounts 2025

Company details

Register details

Identity

KBO record
Name MetaForge in Dutch
Enterprise number 1000.899.745
Legal form Private limited company
Status Active, normale toestand
Founded 06-10-2023
Entity type Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 10-10-2023 (in Dutch)

Registered office and establishments

Registered office Heirbaan (STG) 71, 9200 Dendermonde, Belgium
Establishment unit MetaForge, Heirbaan (STG) 71, 9200 Dendermonde since 06-10-2023 · unit number 2.351.093.720

Activities

NACEBEL 2025
62200 Computer consultancy and computer facilities management main activity
Codes under NACEBEL 2008
62020 IT consultancy main activity

Invoicing and payment

VAT number BE 1000.899.745
E-invoicing via Peppol
Reachable via Peppol
Peppol ID 0208:1000899745
Other Peppol ID 9925:BE1000899745
Registered 27-03-2025

Follow this company and you will hear the next morning if it leaves the Peppol register.

Register as of 3 November 2026 · Peppol Directory

Financial year and general meeting

Accounts at the NBB
Financial year end 30-06
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
12 November at 19:00
deed of 10-10-2023 (in Dutch)

Sites & property

Location
registered office establishment The establishment unit on the map

Buildings and parcels at the address

Ground area
208 m²
Building footprint
120 m²
Building volume
605 m³
Cadastral parcel Region Area Buildings Height / floors
42021B0164/00W004 Flanders 208 m² 1 · 120 m² 10.4 m · 1