METAPHORA
ActiveSummary
The computed 12-month bankruptcy probability of METAPHORA is 1.5% (moderate). The 2025 annual accounts show negative equity (-€102,584) and a net result of -€9,533. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 5% of 7097 sector peers (fiscal year 2025). The company has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.12 against 0.14 in 2024; short-term debt: 861.9% and cash: 37.1% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025Solvency, return and age of the figures
Solvency
-761.9%
Return on assets
-70.8%
Age of the figures
9 mo
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€102,584
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
30 d late
2023
30 d late
2022
145 d late
2021
31 d late
2020
118 d late
2019
98 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 69 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 31 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€102,584▼ 10.2%
2024 · -€93,051
Total assets
€13,464▼ 7.8%
2024 · €14,609
Net result
-€9,533▼ 339%
2024 · -€2,172
Working capital
-€102,584▼ 10.2%
2024 · -€93,051
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, 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
Line20212022202320242025
Operating result-€15,158▼ 1,237%€20,641€22,924▲ 11.1%-€1,640-€9,221▼ 462%
Net result-€15,694below the sector's middle half▼ 882%€20,161within the sector's middle half€22,297within the sector's middle half▲ 10.6%-€2,172below the sector's middle half-€9,533below the sector's middle half▼ 339%
Equity-€133,337below the sector's middle half▼ 13.3%-€113,176below the sector's middle half▲ 15.1%-€90,879below the sector's middle half▲ 19.7%-€93,051below the sector's middle half▼ 2.4%-€102,584below the sector's middle half▼ 10.2%
Total assets€12,330below the sector's middle half▼ 29.5%€33,638below the sector's middle half▲ 173%€16,422below the sector's middle half▼ 51.2%€14,609below the sector's middle half▼ 11.0%€13,464below the sector's middle half▼ 7.8%
Debt€145,666▲ 7.8%€146,813▲ 0.8%€107,301▼ 26.9%€107,660▲ 0.3%€116,047▲ 7.8%
Working capital-€133,337below the sector's middle half▼ 11.6%-€113,176below the sector's middle half▲ 15.1%-€90,868below the sector's middle half▲ 19.7%-€93,051below the sector's middle half▼ 2.4%-€102,584below the sector's middle half▼ 10.2%
Solvency-336.5%below the sector's middle half-553.4%below the sector's middle half▼ 217.0pp-637.0%below the sector's middle half▼ 83.5pp-761.9%below the sector's middle half▼ 125.0pp
Current ratio0.08below the sector's middle half▼ 0.030.23below the sector's middle half▲ 0.140.15below the sector's middle half▼ 0.080.14below the sector's middle half▼ 0.020.12below the sector's middle half▼ 0.02
Return on assets (ROA)-127.3%below the sector's middle half▼ 118.1pp59.9%above the sector's middle half▲ 187.2pp135.8%above the sector's middle half▲ 75.8pp-14.9%below the sector's middle half▼ 150.6pp-70.8%below the sector's middle half▼ 55.9pp
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, 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
The operating result stays negative: a loss of €9,221 in 2025 against €1,640 in 2024; the loss grows.
Key figures and ratios
Debt to equity
-1.13▲
2024 · -1.16
Debt ≤ 1 year
€116,047▲
2024 · €107,660
Income taxes
€178▼
2024 · €407
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,639 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.1%
went bankrupt
9.8%
stopped otherwise
84%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.7% |
| 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 75% 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 6,639 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,810 | - | - | - | - | - |
| Other operating charges640/8 | €1,720 | €1,532 | €3,100 | €1,851 | €9,338 | ▲ 404% |
| Gross operating margin9900 | -€11,628 | €22,173 | €26,024 | €211 | €117 | ▼ 44.5% |
| Operating profit (loss)9901 | -€15,158 | €20,641 | €22,924 | -€1,640 | -€9,221 | ▼ 462% |
| Financial income75/76B | - | - | - | €0 | €0 | ▼ 52.6% |
| Recurring financial income75 | - | - | - | €0 | €0 | ▼ 52.6% |
| Financial charges65/66B | €158 | €126 | €245 | €125 | €134 | ▲ 7.7% |
| Recurring financial charges65 | €158 | €126 | €245 | €125 | €134 | ▲ 7.7% |
| Profit (loss) for the period before taxes9903 | -€15,317 | €20,515 | €22,680 | -€1,765 | -€9,355 | ▼ 430% |
| Income taxes67/77 | €377 | €355 | €383 | €407 | €178 | ▼ 56.3% |
| Profit (loss) for the period9904 | -€15,694 | €20,161 | €22,297 | -€2,172 | -€9,533 | ▼ 339% |
| Profit (loss) for the period to be appropriated9905 | -€15,694 | €20,161 | €22,297 | -€2,172 | -€9,533 | ▼ 339% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €12,330 | €33,638 | €16,422 | €14,609 | €13,464 | ▼ 7.8% |
| Current assets29/58 | €12,330 | €33,638 | €16,422 | €14,609 | €13,464 | ▼ 7.8% |
| Amounts receivable within one year40/41 | €4,192 | €24,448 | €6,272 | €7,781 | €5,075 | ▼ 34.8% |
| Trade receivables40 | €4,192 | €23,585 | €5,000 | €7,000 | €3,581 | ▼ 48.8% |
| Other amounts receivable41 | - | €864 | €1,272 | €781 | €1,494 | ▲ 91.3% |
| Cash at bank and in hand54/58 | €6,761 | €7,569 | €8,689 | €4,564 | €5,000 | ▲ 9.6% |
| Deferred charges and accrued income490/1 | €1,377 | €1,621 | €1,460 | €2,264 | €3,388 | ▲ 49.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €12,330 | €33,638 | €16,422 | €14,609 | €13,464 | ▼ 7.8% |
| Equity10/15 | -€133,337 | -€113,176 | -€90,879 | -€93,051 | -€102,584 | ▼ 10.2% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | -€153,788 | -€133,627 | -€111,331 | -€113,502 | -€123,035 | ▼ 8.4% |
| Amounts payable17/49 | €145,666 | €146,813 | €107,301 | €107,660 | €116,047 | ▲ 7.8% |
| Amounts payable within one year42/48 | €145,666 | €146,813 | €107,289 | €107,660 | €116,047 | ▲ 7.8% |
| Trade debts44 | €5,336 | €4,880 | €3,914 | €4,905 | €4,254 | ▼ 13.3% |
| Suppliers440/4 | €5,336 | €4,880 | €3,914 | €4,905 | €4,254 | ▼ 13.3% |
| Taxes, remuneration and social security45 | €731 | €355 | €738 | €407 | €585 | ▲ 43.7% |
| Taxes450/3 | €731 | €355 | €738 | €407 | €585 | ▲ 43.7% |
| Other amounts payable47/48 | €139,598 | €141,579 | €102,637 | €102,348 | €111,208 | ▲ 8.7% |
| Accrued charges and deferred income492/3 | - | - | €12 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€15,694 | €20,161 | €22,297 | -€2,172 | -€9,533 | ▼ 339% |
| + Depreciation and write-downs630 | €1,810 | - | - | - | - | - |
| Operating cash flow (approximation) | -€13,883 | €20,161 | €22,297 | -€2,172 | -€9,533 | ▼ 339% |
| Change in cash | - | €807 | €1,121 | -€4,126 | €436 | ▲ 111% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Highest result since 2018net €22,297 ▲10.6%
Operating result €22,924, net result €22,297, both a record.
23-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 145 days late
2022
31-12
Financial
Back to profitnet €20,161
Net result €20,161 after 4 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet -€15,694
Net result drops to -€15,694, the lowest in the series; recovery starts the following year.
26-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 118 days late
2020
06-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 98 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 56 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 58 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are 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, Etterbeek · 1 establishment unit since 2000
Ground area
604 m²
Building footprint
397 m²
Volume, LiDAR
9,062 m³
Parcel 21005A0588/00L004, Brussels · tallest building 28.6 m, ±9 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
METAPHORA
since 20002.094.026.694
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21005A0588/00L004 | Brussels | 604 m² | 1 · 397 m² | 28.6 m · 9 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.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 2,711 companies in sector 73200 we hold annual accounts for 1,787. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-07-2000
Fiscal year end31-12
Activities, NACEBEL 2025
73200Market research and public opinion polling
E-invoicing
Reachable via Peppol
Peppol ID
0208:0472346844
Also
9925:BE0472346844
Registered
18-09-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.