METAPHORE
ActiveSummary
METAPHORE has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €337,090 and a net result of -€15,594. Equity is growing by ~6.1% per year across the filed fiscal years. Its solvency ranks better than 51% of 2310 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability66▼-4
Solvency68▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24,000 at 30 days acceptable
Liquidity short (current ratio 0.49 against 0.04 in 2024; short-term debt: 21.6% and cash: 10.2% of total assets), and 57.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
20 d early
2023
5 d early
2022
13 d early
2021
31 d early
2020
22 d early
2019
42 d early
← 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 20 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% 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 18 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#5 company by total assets in Grez-Doiceau, Administrative and support services sector#6 company by equity in Grez-Doiceau, Administrative and support services sector#9 oldest company in Grez-Doiceau, Administrative and support services sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€15,594
2024 · €9,979
Working capital
-€86,054▲ 44.1%
2024 · -€154,022
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support 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€3,508▼ 76.7%€8,538▲ 143%€87,689▲ 927%€19,338▼ 77.9%-€13,350
Net result€2,548within the sector's middle half▼ 83.8%-€1,506within the sector's middle half€62,119within the sector's middle half€9,979within the sector's middle half▼ 83.9%-€15,594below the sector's middle half
Equity€282,092within the sector's middle half▲ 0.9%€280,586within the sector's middle half▼ 0.5%€342,705within the sector's middle half▲ 22.1%€352,684within the sector's middle half▲ 2.9%€337,090within the sector's middle half▼ 4.4%
Total assets€668,422within the sector's middle half▼ 3.8%€753,156within the sector's middle half▲ 12.7%€794,190within the sector's middle half▲ 5.4%€803,129within the sector's middle half▲ 1.1%€786,540within the sector's middle half▼ 2.1%
Debt€294,083▼ 7.0%€387,477▲ 31.8%€373,546▼ 3.6%€379,660▲ 1.6%€385,819▲ 1.6%
Working capital€67,910within the sector's middle half▼ 3.5%-€106,019below the sector's middle half-€51,737below the sector's middle half▲ 51.2%-€154,022below the sector's middle half▼ 198%-€86,054below the sector's middle half▲ 44.1%
Solvency42.2%within the sector's middle half▲ 2.0pp37.3%within the sector's middle half▼ 4.9pp43.2%within the sector's middle half▲ 5.9pp43.9%within the sector's middle half▲ 0.8pp42.9%within the sector's middle half▼ 1.1pp
Current ratio1.53within the sector's middle half▼ 0.050.48below the sector's middle half▼ 1.040.75below the sector's middle half▲ 0.270.04below the sector's middle half▼ 0.710.49below the sector's middle half▲ 0.45
Return on assets (ROA)0.4%within the sector's middle half▼ 1.9pp-0.2%within the sector's middle half▼ 0.6pp7.8%within the sector's middle half▲ 8.0pp1.2%within the sector's middle half▼ 6.6pp-2.0%below the sector's middle half▼ 3.2pp
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €13,350 after €19,338 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €786,540
Fixed assets
€702,955 ▼ 11.8%
Current assets
€83,585 ▲ 1,236%
Equity and liabilities €786,540
Equity
€337,090 ▼ 4.4%
Provisions
€63,631 ▼ 10.1%
Debt
€385,819 ▲ 1.6%
Debt's share of the balance-sheet total rises from 47.3% to 49.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€80,566▲
2024 · €67,421
Cash flow
€78,322▲
2024 · €58,062
Debt to equity
1.14▲
2024 · 1.08
ROE
-4.6%▼
2024 · 2.8%
Interest coverage
11.96▼
2024 · 14.41
Debt ≤ 1 year
€169,639▲
2024 · €160,280
Debt > 1 year
€215,000=
2024 · €215,000
Income taxes
€2,725▼
2024 · €12,018
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,611 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.1%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 8,611 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 | €40,173 | €42,376 | €47,295 | €48,083 | €93,916 | ▲ 95.3% |
| Other operating charges640/8 | €6,466 | €6,356 | €7,832 | €7,354 | €9,618 | ▲ 30.8% |
| Non-recurring operating charges66A | €11,097 | €1,821 | €3,001 | - | €159 | - |
| Gross operating margin9900 | €61,242 | €59,091 | €145,817 | €74,775 | €90,342 | ▲ 20.8% |
| Operating profit (loss)9901 | €3,508 | €8,538 | €87,689 | €19,338 | -€13,350 | ▼ 169% |
| Financial income75/76B | €0 | €37 | €7 | €183 | €65 | ▼ 64.4% |
| Recurring financial income75 | €0 | €37 | €7 | €183 | €65 | ▼ 64.4% |
| Financial charges65/66B | €2,720 | €4,443 | €3,685 | €4,678 | €6,738 | ▲ 44.0% |
| Recurring financial charges65 | €2,720 | €4,443 | €3,685 | €4,678 | €6,738 | ▲ 44.0% |
| Profit (loss) for the period before taxes9903 | €788 | €4,133 | €84,011 | €14,843 | -€20,023 | ▼ 235% |
| Transfer from deferred taxes780 | €7,154 | €7,154 | €7,154 | €7,154 | €7,154 | = |
| Income taxes67/77 | €5,394 | €12,793 | €29,046 | €12,018 | €2,725 | ▼ 77.3% |
| Profit (loss) for the period9904 | €2,548 | -€1,506 | €62,119 | €9,979 | -€15,594 | ▼ 256% |
| Transfer from tax-exempt reserves789 | €17,032 | €17,032 | €17,032 | €17,032 | €17,032 | = |
| Profit (loss) for the period to be appropriated9905 | €19,580 | €15,525 | €79,151 | €27,011 | €1,438 | ▼ 94.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €668,422 | €753,156 | €794,190 | €803,129 | €786,540 | ▼ 2.1% |
| Fixed assets21/28 | €471,815 | €653,655 | €638,143 | €796,871 | €702,955 | ▼ 11.8% |
| Intangible fixed assets21 | €18,630 | €34,008 | €32,810 | €49,715 | - | - |
| Tangible fixed assets22/27 | €452,939 | €619,402 | €605,088 | €746,910 | €702,709 | ▼ 5.9% |
| Land and buildings22 | €406,810 | €585,426 | €573,313 | €725,447 | €688,973 | ▼ 5.0% |
| Furniture and vehicles24 | €40,119 | €28,790 | €18,296 | €7,372 | €1,695 | ▼ 77.0% |
| Other tangible fixed assets26 | €6,010 | €5,186 | €13,479 | €14,092 | €12,042 | ▼ 14.5% |
| Financial fixed assets28 | €246 | €246 | €246 | €246 | €246 | = |
| Current assets29/58 | €196,608 | €99,501 | €156,046 | €6,259 | €83,585 | ▲ 1,236% |
| Amounts receivable within one year40/41 | €40,056 | €704 | €210 | €3,634 | €1,214 | ▼ 66.6% |
| Trade receivables40 | €40,056 | €704 | - | €3,304 | €665 | ▼ 79.9% |
| Other amounts receivable41 | - | - | €210 | €329 | €549 | ▲ 66.8% |
| Cash at bank and in hand54/58 | €155,146 | €97,219 | €154,184 | €2,012 | €80,185 | ▲ 3,885% |
| Deferred charges and accrued income490/1 | €1,406 | €1,577 | €1,652 | €613 | €2,186 | ▲ 257% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €668,422 | €753,156 | €794,190 | €803,129 | €786,540 | ▼ 2.1% |
| Equity10/15 | €282,092 | €280,586 | €342,705 | €352,684 | €337,090 | ▼ 4.4% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €221,470 | €204,438 | €187,407 | €170,375 | €153,343 | ▼ 10.0% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Tax-exempt reserves132 | €219,610 | €202,578 | €185,547 | €168,515 | €151,483 | ▼ 10.1% |
| Distributable reserves133 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €54,423 | €69,948 | €149,098 | €176,109 | €177,547 | ▲ 0.8% |
| Provisions and deferred taxes16 | €92,247 | €85,093 | €77,939 | €70,785 | €63,631 | ▼ 10.1% |
| Deferred taxes168 | €92,247 | €85,093 | €77,939 | €70,785 | €63,631 | ▼ 10.1% |
| Amounts payable17/49 | €294,083 | €387,477 | €373,546 | €379,660 | €385,819 | ▲ 1.6% |
| Amounts payable after more than one year17 | €82,189 | €106,519 | €106,519 | €215,000 | €215,000 | = |
| Financial debts170/4 | €7,670 | - | - | - | - | - |
| Other amounts payable178/9 | €74,519 | €106,519 | €106,519 | €215,000 | €215,000 | = |
| Amounts payable within one year42/48 | €128,698 | €205,520 | €207,783 | €160,280 | €169,639 | ▲ 5.8% |
| Current portion of amounts payable after more than one year42 | €10,049 | €7,670 | - | - | - | - |
| Trade debts44 | €19,709 | €24,431 | €17,219 | €2,444 | €6,628 | ▲ 171% |
| Suppliers440/4 | €19,709 | €24,431 | €17,219 | €2,444 | €6,628 | ▲ 171% |
| Advances received on contracts in progress46 | €1,200 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €24,885 | €32,192 | €33,122 | €28,665 | €23,912 | ▼ 16.6% |
| Taxes450/3 | €24,885 | €32,192 | €33,122 | €28,665 | €23,912 | ▼ 16.6% |
| Other amounts payable47/48 | €72,855 | €141,227 | €157,441 | €129,171 | €139,099 | ▲ 7.7% |
| Accrued charges and deferred income492/3 | €83,196 | €75,438 | €59,244 | €4,380 | €1,180 | ▼ 73.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,548 | -€1,506 | €62,119 | €9,979 | -€15,594 | ▼ 256% |
| + Depreciation and write-downs630 | €40,173 | €42,376 | €47,295 | €48,083 | €93,916 | ▲ 95.3% |
| Operating cash flow (approximation) | €42,721 | €40,869 | €109,414 | €58,062 | €78,322 | ▲ 34.9% |
| Investment in fixed assets (approximation) | - | -€224,216 | -€31,783 | -€206,810 | €0 | ▲ 100% |
| Change in cash | - | -€57,926 | €56,965 | -€152,172 | €78,173 | ▲ 151% |
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
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet -€15,594
Net result drops to -€15,594, the lowest in the series.
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €62,119
Net result €62,119 after one loss-making year.
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Highest result since 2018net €247,915 ▲2,051%
Operating result €363,151, net result €247,915, both a record.
31-12
Financial
Equity above €200,000Eq €263,845 ▲1,556%
2 profitable years in a row build equity to €263,845.
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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, Grez-Doiceau · 1 establishment unit since 1995
Ground area
795 m²
Building footprint
216 m²
Parcel 25037D0030/00D010, Wallonia. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Champ de Présenne 38, 1390 Grez-Doiceau
since 19952.069.718.593
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25037D0030/00D010 | Wallonia | 795 m² | 1 · 216 m² | - |
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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Of 4,577 companies in sector 82300 we hold annual accounts for 1,673. 1,118 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
Founded22-12-1994
Fiscal year end31-12
Activities, NACEBEL 2025
82300Organisation of conventions and trade shows
60310News agency activities
73300Public relations and communication consultancy
93299Other amusement and recreation activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0454070856
Also
9925:BE0454070856
Registered
06-07-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.