Equity
€203,580 ▼ 6.8%
METAMORPHOSIS paid out €57,400 in dividends. That is 135% of the 2025 profit.
METAMORPHOSIS
Lifetime
18 annual accounts with figures on one time axispeak €231,364 (2008)
€68,173▼ 19.3%
lowest -€27,969 (2020)
€42,501▼ 23.5%
peak €240,479 (2021)
€203,580▼ 6.8%
€44,522▲ 35.2%
Board1 name since 2021
1 directorDROUILLON Philippe René
Owners
Documentsfilings and deeds
15-10-202676 days late
2025micro format
Gross margin from €84,501 to €68,173Dividend €57,400Debts from €32,937 to €44,522
Key points
from the 2025 annual accountsPayment terms
60 days to suppliers
METAMORPHOSIS pays its suppliers 37 days later than in 2024.
Filings
18 annual accounts 76 days
Latest accounts filed late: after the legal deadline.
Checked score
97
Excellent
Financially stronger than 75% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged 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 07-2025highest value
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged 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 04-2026lowest value
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 76 days late; 2 of the last 3 accounts late
lowers risk
Liquidity: current ratio 5.38, cash €159,309
Equity €203,580 (82.1% of total assets)
Founded in 2007
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 68, micro). It does better than 91% of them on solvency, 94% on liquidity, 86% on profitability and 32% on growth.
The bankruptcy probability was computed on 09-11-2026 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 very low class on 30-06-2025, 0.1% 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, 34,693 companies had the same profile as METAMORPHOSIS has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of METAMORPHOSIS itself: 0.1% within 12 months.
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 34,693 companies, not a prediction for METAMORPHOSIS. 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 €19,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 5.38 (7.14 in 2024), above the usual 1.5. Short-term debt is 17.9% and cash 64.2% of total assets. 17.9% 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 risk
raises risk · 2025 accounts filed 76 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-10-2026, 76 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
76 days late
2024
28 days late
2023
31 days late
2022
52 days late
2021
61 days late
2020
33 days late
2019
81 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 52 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% 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 21 September (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0890720712
Change of role: DROUILLON Philippe René, from manager to director
Legal-form conversion: from private limited company (pre-2019) to private limited company · Director discharge: DROUILLON Philippe René · General meeting of 14-01-2021 · Gazette deed
First establishment
Rue Samiette 142, Nivelles
Incorporation
published on 19-07-2007 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| METAMORPHOSIS Nivelles | €248,102 | €68,173 | 82.1% | - |
| JLG 21 IMMO Rixensart | €245,125 | €70,433 | 31.2% | - |
| DOMANIS Mont-Saint-Guibert | €261,136 | €40,276 | 68.5% | - |
| DYAS Chaumont-Gistoux | €259,468 | €111,704 | 94.5% | - |
| BMCL Zandhoven | €238,397 | €75,925 | 90.0% | - |
| ARPM 147 Asse | €259,001 | €54,032 | 8.4% | - |
| DAPRO Mechelen | €198,068 | €65,871 | 33.8% | - |
These companies have the same main activity as METAMORPHOSIS: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €198,000 and €261,000, founded between 2005 and 2008.
Official details
Source: KBO- Status
- Active since 29-06-2007Normal situation
- Activity
- Development of residential building projectsNACE 68121and 3 others
- Establishment unit
- 2.165.061.3781400 Nivelles, since 14-07-2007
- Financial year end
- 31 December
- Peppol
- Reachable since 26-08-2025
Annual accounts 2025
- ≈ €180,000estimated
- €248,102▼ 1.3%
- ≈ 0.1 FTEestimated
- Filing
- Filed on 15-10-2026
Insights on METAMORPHOSIS
METAMORPHOSIS files the micro format. That format states no turnover. The gross margin fell from €231,364 in 2008 to €68,173 in 2025.
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 METAMORPHOSIS
- What is the company number of METAMORPHOSIS?
- The company number of METAMORPHOSIS is 0890.720.712. The VAT number is the same number with BE in front: BE 0890.720.712.
- Where is METAMORPHOSIS based?
- The registered office is at Rue Samiette 142, 1400 Nivelles.Company details
- What does METAMORPHOSIS do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of METAMORPHOSIS?
- METAMORPHOSIS is a private limited company (BV).
- When was METAMORPHOSIS founded?
- METAMORPHOSIS was founded on 29-06-2007.
- Is METAMORPHOSIS still active?
- Yes, METAMORPHOSIS is an active enterprise in the KBO register.
- What is the turnover of METAMORPHOSIS?
- The turnover in financial year 2025 is ≈ €180,000. This figure is estimated from the gross margin of €68,173 and 48 comparable companies (NACE 681). It probably lies between €92,000 and €420,000.Financials
- Is METAMORPHOSIS profitable?
- In financial year 2025, METAMORPHOSIS made a profit of €42,501.
- Where can I find the annual accounts of METAMORPHOSIS?
- METAMORPHOSIS filed 18 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of METAMORPHOSIS due?
- METAMORPHOSIS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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