METAFRANC
ActiveMETAFRANC has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.49M and a net result of €-1.04M. Equity is shrinking by ~16.3% per year across the filed fiscal years. Its solvency ranks better than 33% of 4827 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
17
/ 100
Critical▼ -52 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-44
Solvency50▼-4
Growth34▼-2
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.1 against 1.14 in 2024), and 69.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← 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
30.3%
Return on assets
-12.6%
Age of the figures
8 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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
1 d late
2023
5 d early
2022
3 d early
2021
2 d early
2020
2 d early
2019
59 d late
← before the deadline
after the deadline →
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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€7.39M▼ 5.6%
2024 · €7.82M
2018: €6.64M
2019: €5.73M
2020: €6.70M
2021: €7.42M
2022: €6.48M
2023: €8.25M
2024: €7.82M
2018 → 2025
EBIT margin
-12.0%▼ 17.9pp
2024 · 6.0%
2018: 8.3%
2019: 3.7%
2020: 7.7%
2021: 10.4%
2022: 12.3%
2023: 4.8%
2024: 6.0%
2018 → 2025
Net result
€-1.04M
2024 · €101k
2018: €382k
2019: €147k
2020: €396k
2021: €593k
2022: €550k
2023: €117k
2024: €101k
2018 → 2025
Working capital
€537k▼ 43.1%
2024 · €944k
2018: €7.80M
2019: €7.73M
2020: €7.92M
2021: €2.30M
2022: €2.62M
2023: €1.25M
2024: €944k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€7.42M-€6.48M▼ 12.6%€8.25M▲ 27.3%€7.82M▼ 5.2%€7.39M▼ 5.6%
Equity€2.76M-€3.31M▲ 19.8%€3.43M▲ 3.5%€3.53M▲ 3.0%€2.49M▼ 29.4%
Operating result€774k-€795k▲ 2.8%€397k▼ 50.1%€466k▲ 17.5%€-884k
Net result€593k-€550k▼ 7.3%€117k▼ 78.8%€101k▼ 13.0%€-1.04M
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €884k after €466k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.24M
Fixed assets
€2.28M▼ 24.6%
Current assets
€5.96M▼ 24.5%
Equity and liabilities €8.24M
Equity
€2.49M▼ 29.4%
Debt
€5.74M▼ 22.2%
The debt ratio rises from 67.6% to 69.7%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€-39k▼
2024 · €1.34M
Cash flow
€-192k▼
2024 · €975k
Solvency
30.3%▼
2024 · 32.4%
Current ratio
1.10▼
2024 · 1.14
Quick ratio
0.58▲
2024 · 0.58
Debt / equity
2.30▲
2024 · 2.09
ROE
-41.6%▼
2024 · 2.9%
ROA
-12.6%▼
2024 · 0.9%
Interest coverage
-0.60▼
2024 · 15.28
Debt
€5.74M▼
2024 · €7.38M
Debt ≤ 1 year
€5.42M▼
2024 · €6.95M
Debt > 1 year
€21k▼
2024 · €64k
Income taxes
€0▼
2024 · €110k
Staff costs
€855k▼
2024 · €891k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€10.91M€8.24M▼
Fixed assets21/28€3.02M€2.28M▼
Intangible fixed assets21€1.11M€603k▼
Tangible fixed assets22/27€1.91M€1.67M▼
Land and buildings22€774k€750k▼
Plant, machinery and equipment23€989k€806k▼
Furniture and vehicles24€99k€75k▼
Other tangible fixed assets26€45k€40k▼
Financial fixed assets28€3k€3k=
Companies linked by participating interests282/3€500€500=
Participating interests282€500€500=
Other financial fixed assets284/8€2k€2k=
Amounts receivable and cash guarantees285/8€2k€2k=
Current assets29/58€7.89M€5.96M▼
Stocks and contracts in progress3€3.89M€2.83M▼
Stocks30/36€3.89M€2.83M▼
Goods purchased for resale34€3.89M€2.83M▼
Amounts receivable within one year40/41€3.35M€3.04M▼
Trade receivables40€3.25M€2.92M▼
Other amounts receivable41€97k€116k▲
Cash at bank and in hand54/58€651k€74k▼
Deferred charges and accrued income490/1€7k€18k▲
Equity and liabilities
Total equity and liabilities10/49€10.91M€8.24M▼
Equity10/15€3.53M€2.49M▼
Contributions10/11€645k€645k=
Capital10€645k€645k=
Issued capital100€645k€645k=
Revaluation surpluses12€198k€198k=
Reserves13€161k€161k=
Non-distributable reserves130/1€64k€64k=
Legal reserve130€64k€64k=
Tax-exempt reserves132€97k€97k=
Profit (loss) carried forward14€2.53M€1.49M▼
Amounts payable17/49€7.38M€5.74M▼
Amounts payable after more than one year17€64k€21k▼
Financial debts170/4€64k€21k▼
Credit institutions173€64k€21k▼
Amounts payable within one year42/48€6.95M€5.42M▼
Financial debts43€2.81M€1.51M▼
Credit institutions430/8€2.81M€1.51M▼
Trade debts44€2.36M€2.01M▼
Suppliers440/4€1.31M€1.54M▲
Bills of exchange payable441€1.05M€475k▼
Taxes, remuneration and social security45€241k€15k▼
Taxes450/3€176k€15k▼
Remuneration and social security454/9€65k-
Other amounts payable47/48€1.53M€1.88M▲
Accrued charges and deferred income492/3€366k€299k▼
Income statement
Code20242025
Operating income70/76A€7.85M€7.41M▼
Turnover70€7.82M€7.39M▼
Other operating income74€24k€27k▲
Operating charges60/66A€7.38M€8.30M▲
Goods for resale, raw materials and consumables60€2.92M€3.53M▲
Purchases600/8€4.49M€3.56M▼
Change in stocks: decrease (increase)609€-1.57M€-31k▲
Services and other goods61€2.21M€1.97M▼
Remuneration, social security and pensions62€891k€855k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€873k€845k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€429k€1.09M▲
Other operating charges640/8€51k€11k▼
Operating profit (loss)9901€466k€-884k▼
Financial income75/76B€4k€7k▲
Recurring financial income75€4k€7k▲
Other financial income752/9€4k€7k▲
Financial charges65/66B€259k€160k▼
Recurring financial charges65€259k€160k▼
Debt charges650€88k€65k▼
Other financial charges652/9€171k€96k▼
Profit (loss) for the period before taxes9903€211k€-1.04M▼
Income taxes67/77€110k€0▼
Taxes670/3€110k€0▼
Profit (loss) for the period9904€101k€-1.04M▼
Profit (loss) for the period to be appropriated9905€101k€-1.04M▼
Appropriation of the result
Profit (loss) to be appropriated9906€2.53M€1.49M▼
Profit (loss) brought forward from the previous period14P€2.43M€2.53M▲
Social balance
Average headcount (FTE)908712.011.0▼
The notes to these accounts (43 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-08
State Gazette act
Resignations & appointmentsBoard meeting · Permanent representative · General meeting6 facts ▸
State Gazette act
Resignations & appointments
Board meeting · Permanent representative · General meeting6 facts ▸
- Board meeting, 07/04/2026
- Permanent representative, Jérôme Lefebvre
- Permanent representative, Jean-François CAEYMAEX
- General meeting, 20/04/2026
- Director resignation, Michel de Laminne de Bex (administrateur)
- Permanent representative, Damien Holvoet
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €-1.04M ▼1123%
Net result drops to €-1.04M, the lowest in the series.
01-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 1 day late
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €593k ▲49.7%
Net result €593k, the highest in the series.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
28-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 59 days late
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
13-08-2026
Resigned as Director
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 1988
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Gemenebeemdenstraat 1111120 BrusselGround area
4,788 m²
Building footprint
3,949 m²
Volume, LiDAR
23,483 m³
Parcel 21819D0143/00B007, Brussels · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Gemenebeemdenstraat 111, 1120 Brussel
since 19882.038.490.830
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21819D0143/00B007 | Brussels | 4,788 m² | 1 · 3,949 m² | 8.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Dual-learning approval
3 live approvalsLogistiek duaal (so)
Magazijnmedewerker (vwo)
Magazijnmedewerker duaal (so)
Similar companies · same sector, comparable size
BORGH
BE 0420.762.145
Arendonk · Eq €2.51M
M.C.L.
BE 0447.654.109
Bree · Eq €2.48M
VD TOOLS
BE 0451.958.434
Sint-Lievens-Houtem · Eq €2.46M
IVAR GROUP
BE 0404.933.032
Aartselaar · Eq €2.44M
Thico Group
BE 0403.470.906
Antwerpen · Eq €2.43M
Of 499 companies in sector 46841 we hold annual accounts for 362. 259 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded31-03-1988
Fiscal year end31-12
Activities, NACEBEL
46841Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.