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METAGE

Active
Private limited companyfounded 20233 yrs activeKorte Rinkhoutstraat 12, 9240 Zele, BelgiumKBO/BCE: BE 0797.796.888
Summary

The computed 12-month bankruptcy probability of METAGE is 2.5% (moderate). The 2024 annual accounts show equity of €104,722 and a net result of €28,043. Its solvency ranks better than 50% of 9974 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability83▼-17
Solvency68▼-13
Growth52
Track record94
Bankruptcy probability, 12 months
2.5% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 1.66 against 2.02 in 2023; short-term debt: 57.3% and cash: 4.5% of total assets), but 57.3% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
42.7%
Return on assets
11.4%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-09-2025, 35 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 2 filings
Deviation from the deadline
2025
not confirmed
2024
35 d late
2023
49 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 42 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

METAGE was incorporated on 30 January 2023 as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
€104,722▲ 36.6%
2023 · €76,679
Total assets
€244,997▲ 78.3%
2023 · €137,416
Net result
€28,043▼ 67.6%
2023 · €86,679
Working capital
€93,013▲ 50.1%
2023 · €61,964
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20232024
Operating result€107,635-€37,782▼ 64.9%
Net result€86,679above the sector's middle half-€28,043above the sector's middle half▼ 67.6%
Equity€76,679within the sector's middle half-€104,722within the sector's middle half▲ 36.6%
Total assets€137,416within the sector's middle half-€244,997within the sector's middle half▲ 78.3%
Debt€60,737-€140,275▲ 131%
Working capital€61,964-€93,013▲ 50.1%
Solvency55.8%within the sector's middle half-42.7%within the sector's middle half▼ 13.1pp
above within below the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€50,000€100,000Operating result 2023: €107,635€107,635Net result 2023: €86,679€86,679Operating result 2024: €37,782€37,782Net result 2024: €28,043€28,04320232024€0€50,000€100,000Operating result 2023: €107,635€108,000Net result 2023: €86,679€86,700Operating result 2024: €37,782€37,800Net result 2024: €28,043€28,00020232024
The operating result falls in 2024; 2024 is 65% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €244,997
Fixed assets €11,709 ▼ 20.4%
Current assets €233,287 ▲ 90.1%
Equity and liabilities €244,997
Equity €104,722 ▲ 36.6%
Debt €140,275 ▲ 131%
Debt's share of the balance-sheet total rises from 44.2% to 57.3%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€40,788▼
2023 · €107,948
Cash flow
€31,049▼
2023 · €86,992
Current ratio
1.66▼
2023 · 2.02
Debt to equity
1.34▲
2023 · 0.79
ROE
26.8%▼
2023 · 113.0%
ROA
11.4%▼
2023 · 63.1%
Interest coverage
34.13▼
2023 · 457.17
Debt ≤ 1 year
€140,275▲
2023 · €60,737
Income taxes
€11,124▼
2023 · €22,014
Staff costs
€161
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,275 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 39,275 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 47 lines
Balance sheet Code20232024
Assets
Total assets20/58€137,416€244,997▲
Fixed assets21/28€14,715€11,709▼
Tangible fixed assets22/27€14,715€11,709▼
Furniture and vehicles24€14,715€11,709▼
Current assets29/58€122,700€233,287▲
Amounts receivable after more than one year29€36,050€37,132▲
Other amounts receivable291€36,050€37,132▲
Amounts receivable within one year40/41€79,350€185,216▲
Trade receivables40€70,180€118,045▲
Other amounts receivable41€9,170€67,171▲
Cash at bank and in hand54/58€4,508€10,940▲
Deferred charges and accrued income490/1€2,792€0▼
Equity and liabilities
Total equity and liabilities10/49€137,416€244,997▲
Equity10/15€76,679€104,722▲
Contributions10/11€5,000€5,000=
Reserves13€71,679€99,722▲
Distributable reserves133€71,679€99,722▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€60,737€140,275▲
Amounts payable within one year42/48€60,737€140,275▲
Financial debts43€851€157▼
Credit institutions430/8€851€157▼
Trade debts44€15,580€30,163▲
Suppliers440/4€15,580€30,163▲
Advances received on contracts in progress46-€39,000
Taxes, remuneration and social security45€29,306€55,954▲
Taxes450/3€29,306€33,138▲
Remuneration and social security454/9-€22,816
Other amounts payable47/48€15,000€15,000=
Income statement Code20232024
Remuneration, social security and pensions62-€161
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€313€3,006▲
Other operating charges640/8€4,513€4,664▲
Gross operating margin9900€112,461€45,613▼
Operating profit (loss)9901€107,635€37,782▼
Financial income75/76B€1,294€2,580▲
Recurring financial income75€1,294€2,580▲
Financial charges65/66B€236€1,195▲
Recurring financial charges65€236€1,195▲
Profit (loss) for the period before taxes9903€108,693€39,167▼
Income taxes67/77€22,014€11,124▼
Profit (loss) for the period9904€86,679€28,043▼
Profit (loss) for the period to be appropriated9905€86,679€28,043▼
Appropriation of the result
Profit (loss) to be appropriated9906€86,679€28,043▼
Transfer to equity691/2€71,679€28,043▼
To other reserves6921€71,679€28,043▼
Profit to be distributed694/7€15,000€0▼
Directors or managers695€15,000€0▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Remuneration, social security and pensions62-€161-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€313€3,006▲ 861%
Other operating charges640/8€4,513€4,664▲ 3.4%
Gross operating margin9900€112,461€45,613▼ 59.4%
Operating profit (loss)9901€107,635€37,782▼ 64.9%
Financial income75/76B€1,294€2,580▲ 99.4%
Recurring financial income75€1,294€2,580▲ 99.4%
Financial charges65/66B€236€1,195▲ 406%
Recurring financial charges65€236€1,195▲ 406%
Profit (loss) for the period before taxes9903€108,693€39,167▼ 64.0%
Income taxes67/77€22,014€11,124▼ 49.5%
Profit (loss) for the period9904€86,679€28,043▼ 67.6%
Profit (loss) for the period to be appropriated9905€86,679€28,043▼ 67.6%
Line20232024Change
Assets
Total assets20/58€137,416€244,997▲ 78.3%
Fixed assets21/28€14,715€11,709▼ 20.4%
Tangible fixed assets22/27€14,715€11,709▼ 20.4%
Furniture and vehicles24€14,715€11,709▼ 20.4%
Current assets29/58€122,700€233,287▲ 90.1%
Amounts receivable after more than one year29€36,050€37,132▲ 3.0%
Other amounts receivable291€36,050€37,132▲ 3.0%
Amounts receivable within one year40/41€79,350€185,216▲ 133%
Trade receivables40€70,180€118,045▲ 68.2%
Other amounts receivable41€9,170€67,171▲ 633%
Cash at bank and in hand54/58€4,508€10,940▲ 143%
Deferred charges and accrued income490/1€2,792€0▼ 100%
Equity and liabilities
Total equity and liabilities10/49€137,416€244,997▲ 78.3%
Equity10/15€76,679€104,722▲ 36.6%
Contributions10/11€5,000€5,000=
Reserves13€71,679€99,722▲ 39.1%
Distributable reserves133€71,679€99,722▲ 39.1%
Profit (loss) carried forward14€0€0-
Amounts payable17/49€60,737€140,275▲ 131%
Amounts payable within one year42/48€60,737€140,275▲ 131%
Financial debts43€851€157▼ 81.5%
Credit institutions430/8€851€157▼ 81.5%
Trade debts44€15,580€30,163▲ 93.6%
Suppliers440/4€15,580€30,163▲ 93.6%
Advances received on contracts in progress46-€39,000-
Taxes, remuneration and social security45€29,306€55,954▲ 90.9%
Taxes450/3€29,306€33,138▲ 13.1%
Remuneration and social security454/9-€22,816-
Other amounts payable47/48€15,000€15,000=
Line20232024Change
Profit (loss) for the period9904€86,679€28,043▼ 67.6%
+ Depreciation and write-downs630€313€3,006▲ 861%
Operating cash flow (approximation)€86,992€31,049▼ 64.3%
Investment in fixed assets (approximation)-€0-
Change in cash-€6,432-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
04-09
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 35 days late
2024
31-12
Financial Equity above €100,000Eq €104,722 ▲36.6%
2 profitable years in a row build equity to €104,722.
18-09
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 49 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Zele · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
1,643 m²
Building footprint
202 m²
Volume, LiDAR
1,360 m³
Parcel 42028B0941/00F003, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
METAGE
Korte Rinkhoutstraat 12, 9240 ZeleManufacture of metal structures and parts of structures
since 20232.342.524.561
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
42028B0941/00F003 Flanders 1,643 m² 1 · 202 m² 10.1 m · 2 fl.
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.

Similar companies · same sector, comparable size

Of 29,787 companies in sector 41001 we hold annual accounts for 16,042. 13,083 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
Founded30-01-2023
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43120Site preparation
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
E-invoicing
Reachable via Peppol
Peppol ID 0208:0797796888
Also 9925:BE0797796888
Registered 18-12-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.