Debts
€365,891 74% of the balance sheet
Financial debts 28%Suppliers 44%Taxes and wages 3%Other 25%
€191,472 of the debts are secured on the company's own assets.
META-L174
Lifetime
1 annual account with figuresTurnoverpeak €939,348 (2025)
€939,348
Resultlowest -€68,491 (2025)
-€68,491
Equitypeak €131,509 (2025)
€131,509
Debts
€365,891
Staffpeak 1 FTE (2025)
1 FTE
Board6 names since 2024
2 directorsL174 and 1 other
Owners3 names in the annual accounts
12.5%PhV Managimmo
Documentsfilings and deeds
29-01-20262 days before the deadline
2025financial year
Loss of €68,491First year with figures
Key points
from the 2025 annual accountsStarting capital
€200,000 200 shares
Position in the sector
€131,509
Less equity than 90% of companies in fabricated metal products. Sector median €1.2m · 831 companies.
Checked score
50
Fair
Financially stronger than 18% of micro companies in fabricated metal products (NACE 25)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.6% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.5% across 3,707 companies (NACE 25, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
03-2025: 2.1%lowest value
04-2025: 2.1%● unchanged vs 03-2025lowest value
05-2025: 2.1%● unchanged vs 04-2025
06-2025: 2.5%▲ +0.4 percentage points vs 05-2025
07-2025: 2.7%▲ +0.2 percentage points vs 06-2025
08-2025: 3.0%▲ +0.3 percentage points vs 07-2025
09-2025: 3.0%● unchanged vs 08-2025
10-2025: 3.3%▲ +0.3 percentage points vs 09-2025
11-2025: 3.4%▲ +0.1 percentage points vs 10-2025
12-2025: 3.2%▼ -0.2 percentage points vs 11-2025
01-2026: 3.5%▲ +0.3 percentage points vs 12-2025
02-2026: 3.6%▲ +0.1 percentage points vs 01-2026highest value
03-2026: 2.9%▼ -0.7 percentage points vs 02-2026
04-2026: 2.9%● unchanged vs 03-2026
05-2026: 2.9%● unchanged vs 04-2026
06-2026: 2.9%● unchanged vs 05-2026
07-2026: 2.9%● unchanged vs 06-2026
08-2026: 2.9%● unchanged vs 07-2026
09-2026: 2.8%▼ -0.1 percentage points vs 08-2026
10-2026: 2.6%▼ -0.2 percentage points vs 09-2026
11-2026: 2.6%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Founded in 2024
Liquidity: current ratio 0.93, cash €7,898
Sector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
Loss of €68,491 (financial year 2025)
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 25, micro). It does better than 29% of them on solvency, 14% on liquidity and 10% on profitability.
The bankruptcy probability was computed on 05-11-2026 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 30-06-2025.
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, 1,207 companies had the same profile as META-L174 has now. Each dot stands for 4 companies, two years later.
90.1%
were still trading
4.6%
stopped another way
4.6%
went bankrupt
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of META-L174 itself: 2.6% within 12 months.
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.
| 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 1,207 companies, not a prediction for META-L174. 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 €6,000 on 30-day terms, only on tighter conditions: young company (under 3 years) without a track record
Liquidity is insufficient, with a current ratio of 0.93, below 1. Short-term debt is 53.1% and cash 1.6% of total assets. 73.6% 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.
raises riskneutral
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 29-01-2026, 2 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
2 days early
← before the deadline
after the deadline →
Searched, nothing found (1)
Board and ownership
L
L174
Managing director
- GESLEASE 62.5%equity €2.8m (2024) · 30-09-2024 annual accounts of GESLEASE
- ROY CONSULT 25%score 52equity €226,846 (2025) · 2024 annual accounts of ROY CONSULT
- PhV Managimmo 12.5%score 54equity -€4,088 (2025) · 2025 annual accounts of PhV Managimmo
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1006467644
New establishment in Soumagne
Chaussée de Wégimont 136
Incorporation
Founding capital of €200,000, 200 shares · Founders: GESLEASE, L174 and VIEILLEVOYE Philippe Léon Victor Joseph · Appointments: L174 (managing director), PhV MANAGIMMO, GESLEASE, PROSEIDO (chair of the board) and VIEILLEVOYE Philippe Léon Victor Joseph (managing director) · published on 29-02-2024 · Gazette deed
First establishment
Rue de Hermée 246, Herstal
Comparable companies
same main activity, similar in size and age| Company | Turnover | EBIT margin | Solvency | Staff |
|---|---|---|---|---|
| META-L174 Herstal | €939,348 | -6.1% | 26.4% | 1 |
| ISAPP Tessenderlo-Ham | - | - | 37.9% | 1 |
| ALTO ALU Grâce-Hollogne | - | - | 23.2% | 1 |
| BELCOAT Wingene | - | - | 17.8% | 1.1 |
| RoCoMet Moorslede | - | - | 21.8% | 1.4 |
| MARCANTIQUE Bilzen-Hoeselt | €532,176 | 26.6% | 37.9% | 2 |
| DVH CONSTRUCT Oostrozebeke | - | - | 91.1% | 1 |
Grey: the largest companies of the sector (fabricated metal products (NACE 25)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as META-L174: manufacture of metal structures and parts of structures (NACE 25110). They are comparable in size and age: total assets between €402,000 and €762,000, founded between 2021 and 2024.
Official details
Source: KBO- Status
- Active since 27-02-2024Normal situation
- Activity
- Manufacture of metal structures and parts of structuresNACE 25110and 5 others
- Establishment units
- 2.356.327.4634040 Herstal, since 27-02-2024
- 2.366.088.4354630 Soumagne, since 13-11-2024
- Financial year end
- 30 June
- Peppol
- Reachable since 16-12-2025
Annual accounts to 30-06-2025
- Total assets
- €497,400
- Employeeson 30-06-2025
- 1
- Filing
- Filed on 29-01-2026, 2 days before the end of the filing period
Insights on META-L174
The computed 12-month bankruptcy probability of META-L174 is 2.6% (moderate). The 2025 annual accounts show equity of €131,509 and a net result of -€68,491.
Its solvency ranks better than 26% of 831 sector peers (NACE 25, financial year 2025). The company has been active since 2024 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 META-L174
- What is the company number of META-L174?
- The company number of META-L174 is 1006.467.644. The VAT number is the same number with BE in front: BE 1006.467.644.
- Where is META-L174 based?
- The registered office is at Rue de Hermée 246, 4040 Herstal.Company details
- What does META-L174 do?
- According to the KBO register, the main activity is manufacture of metal structures and parts of structures (NACE 25110).
- What is the legal form of META-L174?
- META-L174 is a private limited company (BV).
- When was META-L174 founded?
- META-L174 was founded on 27-02-2024.
- Is META-L174 still active?
- Yes, META-L174 is an active enterprise in the KBO register.
- How many employees does META-L174 have?
- META-L174 had an average of 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of META-L174?
- The turnover of META-L174 was €939,348 in financial year 2025, according to the filed annual accounts.
- Is META-L174 profitable?
- In financial year 2025, META-L174 made a loss of €68,491.
- Where can I find the annual accounts of META-L174?
- META-L174 filed 1 annual account with the National Bank of Belgium, for financial year 2025.
Next steps
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