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 €337k and a net result of €-16k. Equity is growing by ~6.1% per year across the filed fiscal years. Its solvency ranks better than 51% of 2276 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
72
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
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 €24k 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.
Credit advice for your own amount and term
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
Sector 82
lower
← 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 →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-16k
2024 · €10k
2018: €12k
2019: €248k
2020: €16k
2021: €3k
2022: €-2k
2023: €62k
2024: €10k
2018 → 2025
Working capital
€-86k▲ 44.1%
2024 · €-154k
2018: €45k
2019: €23k
2020: €70k
2021: €68k
2022: €-106k
2023: €-52k
2024: €-154k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€282k-€281k▼ 0.5%€343k▲ 22.1%€353k▲ 2.9%€337k▼ 4.4%
Operating result€4k-€9k▲ 143%€88k▲ 927%€19k▼ 77.9%€-13k
Net result€3k-€-2k€62k€10k▼ 83.9%€-16k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €13k after €19k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €787k
Fixed assets
€703k ▼ 11.8%
Current assets
€84k ▲ 1,236%
Equity and liabilities €787k
Equity
€337k ▼ 4.4%
Provisions
€64k ▼ 10.1%
Debt
€386k ▲ 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
€81k▲
2024 · €67k
Cash flow
€78k▲
2024 · €58k
Current ratio
0.49▲
2024 · 0.04
Debt to equity
1.14▲
2024 · 1.08
ROE
-4.6%▼
2024 · 2.8%
ROA
-2.0%▼
2024 · 1.2%
Interest coverage
11.96▼
2024 · 14.41
Debt ≤ 1 year
€170k▲
2024 · €160k
Debt > 1 year
€215k=
2024 · €215k
Income taxes
€3k▼
2024 · €12k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€803k€787k▼
Fixed assets21/28€797k€703k▼
Intangible fixed assets21€50k-
Tangible fixed assets22/27€747k€703k▼
Land and buildings22€725k€689k▼
Furniture and vehicles24€7k€2k▼
Other tangible fixed assets26€14k€12k▼
Financial fixed assets28€246€246=
Current assets29/58€6k€84k▲
Amounts receivable within one year40/41€4k€1k▼
Trade receivables40€3k€665▼
Other amounts receivable41€329€549▲
Cash at bank and in hand54/58€2k€80k▲
Deferred charges and accrued income490/1€613€2k▲
Equity and liabilities
Total equity and liabilities10/49€803k€787k▼
Equity10/15€353k€337k▼
Contributions10/11€6k€6k=
Reserves13€170k€153k▼
Tax-exempt reserves132€169k€151k▼
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€176k€178k▲
Provisions and deferred taxes16€71k€64k▼
Deferred taxes168€71k€64k▼
Amounts payable17/49€380k€386k▲
Amounts payable after more than one year17€215k€215k=
Other amounts payable178/9€215k€215k=
Amounts payable within one year42/48€160k€170k▲
Trade debts44€2k€7k▲
Suppliers440/4€2k€7k▲
Taxes, remuneration and social security45€29k€24k▼
Taxes450/3€29k€24k▼
Other amounts payable47/48€129k€139k▲
Accrued charges and deferred income492/3€4k€1k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€48k€94k▲
Other operating charges640/8€7k€10k▲
Non-recurring operating charges66A-€159
Gross operating margin9900€75k€90k▲
Operating profit (loss)9901€19k€-13k▼
Financial income75/76B€183€65▼
Recurring financial income75€183€65▼
Financial charges65/66B€5k€7k▲
Recurring financial charges65€5k€7k▲
Profit (loss) for the period before taxes9903€15k€-20k▼
Transfer from deferred taxes780€7k€7k=
Income taxes67/77€12k€3k▼
Profit (loss) for the period9904€10k€-16k▼
Transfer from tax-exempt reserves789€17k€17k=
Profit (loss) for the period to be appropriated9905€27k€1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€176k€178k▲
Profit (loss) brought forward from the previous period14P€149k€176k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
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 €-16k ▼256%
Net result drops to €-16k, 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 €62k
Net result €62k 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 €248k ▲2051%
Operating result €363k, net result €248k, both a record.
31-12
Financial
Equity above €200kEq €264k ▲1556%
2 profitable years in a row build equity to €264k.
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.
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
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Champ de Présenne 381390 Grez-DoiceauGround area
795 m²
Building footprint
216 m²
Parcel 25037D0030/00D010, Wallonia. Linked by address, not a title deed.
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
Methodology
via registered seat: 1
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
I-One
BE 0416.344.289
Deinze · Eq €337,505
EVENTSFACTORY
BE 0479.408.642
Antwerpen · Eq €335,011
LE HUB
BE 0721.456.207
Nandrin · Eq €340,450
BELSITIS
BE 0768.391.339
Gent · Eq €333,320
Latitude Events & Consulting
BE 0821.876.644
Waterloo · Eq €333,289
Of 4,571 companies in sector 82300 we hold annual accounts for 1,671. 1,116 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
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
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.