Equity
€2.5m from €9.9m in 2012
Equity fell by 75% in 13 years.
METAFRANC
Lifetime
20 annual accounts with figures on one time axis, 37 filings since 1989peak €10.4m (2008)
€7.4m▼ 5.6%
lowest -€1.0m (2025)
-€1.0m▼ €1.1m
peak €9.9m (2012)
€2.5m▼ 29.4%
€5.7m▼ 22.2%
peak 18.6 FTE (2013)
11 FTE▼ 8.3%
Board8 names since 2018
5 directorsHervé Roussel and 4 others
Owners4 names in the annual accounts
Documentsfilings and deeds
31-07-2026on the last day
2025financial year
Loss of €1.0mStaff from 12 FTE to 11 FTEEquity from €3.5m to €2.5mDebts from €7.4m to €5.7mCash from €651,492 to €74,224
Key points
from the 2025 annual accountsResult
-€1.0m -€1.0m
From profit to loss in 2025, after a profit of €101,466 in 2024.
Staff
11 FTE from 18.6 in 2013
Between 2013 and 2025, 41% of the full-time equivalents disappeared.
Payment terms
134 days to suppliers
METAFRANC pays its suppliers 34 days earlier than in 2024. Customers pay 8 days earlier.
Filings
37 annual accounts since 1989
Three of the last ten came late. The 2024 accounts came latest: 270 days after the end of the period.
Position in the sector
-€1.0m
Lower net result than 95% of companies in wholesale trade. Sector median €110,308 · 6,122 companies.
Checked score
61
Healthy
Financially stronger than 18% of small companies in wholesale trade (NACE 46)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.5% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 4,375 companies (NACE 46, small).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025lowest value
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.4%▲ +0.1 percentage points vs 06-2025
08-2025: 0.7%▲ +0.3 percentage points vs 07-2025
09-2025: 0.9%▲ +0.2 percentage points vs 08-2025
10-2025: 0.9%● unchanged vs 09-2025
11-2025: 0.9%● unchanged vs 10-2025
12-2025: 0.9%● unchanged vs 11-2025
01-2026: 0.9%● unchanged vs 12-2025
02-2026: 0.9%● unchanged vs 01-2026
03-2026: 0.8%▼ -0.1 percentage points vs 02-2026
04-2026: 0.8%● unchanged vs 03-2026
05-2026: 0.8%● unchanged vs 04-2026
06-2026: 0.8%● unchanged vs 05-2026
07-2026: 0.9%▲ +0.1 percentage points vs 06-2026
08-2026: 1.5%▲ +0.6 percentage points vs 07-2026highest value
09-2026: 1.5%● unchanged vs 08-2026highest value
10-2026: 1.5%● unchanged vs 09-2026highest value
11-2026: 1.5%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Loss of €1.0m (financial year 2025)
Liquidity: current ratio 1.10, cash €74,224, halved
1 of the last 3 accounts late
lowers risk
Founded in 1988
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 46, small). It does better than 35% of them on solvency, 14% on liquidity, 6% on profitability and 18% on growth.
The bankruptcy probability was computed on 06-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 929 companies had the same profile as METAFRANC has now. Each dot stands for 3 companies, two years later.
90.1%
were still trading
8.8%
stopped another way
1.1%
went bankrupt
The bankruptcy probability of METAFRANC itself is higher: 1.5% within 12 months. It rests on far more data about METAFRANC than the profile alone.
Test of the method
The method was tested on the 497,447 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.
| 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 929 companies, not a prediction for METAFRANC. 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.
Credit verdict
Credit of up to €150,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.1 (1.14 in 2024), below the usual 1.5. Short-term debt is 65.8% and cash 0.9% of total assets. 69.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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
270 days late
2023
5 days early
2022
3 days early
2021
2 days early
2020
2 days early
2019
59 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 45 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% 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 29 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
1 director resigning
Permanent representatives: Jérôme Lefebvre, Jean-François CAEYMAEX and Damien Holvoet · Michel de Laminne de Bex · General meeting of 20-04-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0433910989
5 directors appointed, 1 resignation
Resignation: Damien Holvoet (managing director) · Appointments: Damien Holvoet (managing director), Marc Baily, Michel de Lamine, Hervé Roussel and VMD INVEST · Permanent representatives: Damien Holvoet and Jérôme Lefebvre · General meeting of 27-06-2024 · Gazette deed
New managing director
Damien Holvoet appointed, Marc Baily resigned · Permanent representatives: Jérôme Lefebvre and Jean-François Caeymaex · General meeting of 22-06-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| METAFRANC Brussels | €7.4m | -12.0% | 30.3% | 11 |
| Hikoki Power Tools Belgium Dilbeek | €10.1m | 5.6% | 40.1% | 11.3 |
| M.C.L. Bree | €10.4m | 10.5% | 37.0% | 7.8 |
| WÜRTH INDUSTRY BELUX SA Grâce-Hollogne | €6.8m | 12.4% | 68.7% | 11 |
| ARCUS BELGIUM Dilbeek | €12.2m | 10.8% | 81.2% | 8.9 |
| De Nieuwe Gouden Spade Ypres | €7.9m | -1.8% | 47.4% | 23.4 |
| WANZL Leuven | €8.2m | -4.9% | 60.1% | 14.5 |
Grey: the largest companies of the sector (wholesale trade (NACE 46)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as METAFRANC: wholesale trade (NACE 46841). They are comparable in size and age: total assets between €2.9m and €7.2m, founded between 1968 and 1992.
Official details
Source: KBO- Status
- Active since 31-03-1988Normal situation
- Activity
- Wholesale tradeNACE 46841
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2022
- Establishment unit
- 2.038.490.8301120 Brussels, since 07-06-1988
- Financial year end
- 31 December
- Peppol
- Reachable since 02-12-2025
Annual accounts 2025
- €8.2m▼ 24.5%
- Employeeson 31-12-2025
- 11=
- Filing
- Filed on 31-07-2026, on the last day of the filing period
Insights on METAFRANC
The computed 12-month bankruptcy probability of METAFRANC is 1.5% (moderate). The 2025 annual accounts show equity of €2.5m and a net result of -€1.0m.
Equity has been shrinking by about 16% per year since 2018. Its solvency ranks better than 34% of 6,189 sector peers (NACE 46, financial year 2025).
The company has been active since 1988 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about METAFRANC
- What is the company number of METAFRANC?
- The company number of METAFRANC is 0433.910.989. The VAT number is the same number with BE in front: BE 0433.910.989.
- Where is METAFRANC based?
- The registered office is at Gemenebeemdenstraat 111, 1120 Brussels.Company details
- What does METAFRANC do?
- According to the KBO register, the main activity is wholesale trade (NACE 46841).
- What is the legal form of METAFRANC?
- METAFRANC is a public limited company (NV).
- When was METAFRANC founded?
- METAFRANC was founded on 31-03-1988.
- Is METAFRANC still active?
- Yes, METAFRANC is an active enterprise in the KBO register.
- How many employees does METAFRANC have?
- METAFRANC had an average of 11 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does METAFRANC fall under?
- In its 2022 annual accounts, METAFRANC states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of METAFRANC?
- The turnover of METAFRANC was €7.4m in financial year 2025, according to the filed annual accounts.
- Is METAFRANC profitable?
- In financial year 2025, METAFRANC made a loss of €1.0m.
- Where can I find the annual accounts of METAFRANC?
- METAFRANC filed 37 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of METAFRANC due?
- METAFRANC must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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