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METAPHORE

Dissolution or liquidation
Public limited companyfounded 2011Edmond Machtenslaan 180, 1080 Sint-Jans-Molenbeek, BelgiumKBO/BCE: BE 0835.109.226
Summary

The KBO register records for METAPHORE the legal situation: dissolution or liquidation; this is today's state according to the register itself, which carries no start date. The 2023 annual accounts show negative equity (-€8.8m) and a net result of -€4.3m.

METAPHOREDissolution or liquidation

Signals

1 signal.
+raises risk
raises risk · Register: dissolution or liquidation
The KBO register records the legal situation: dissolution or liquidation. This is today's state according to the register itself; the register carries no start date.
KBO · legal situation
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 4 April 2011, METAPHORE was incorporated.1 Revenue went from EUR 1.1 million in 2018 to EUR 703,338 in 2021.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2021

Financials · fiscal year 2023, full schema

Turnover
€703,338▼ 36.5%
2020 · €1.1m
EBIT margin
-766.5%▼ 847.7pp
2020 · 81.3%
Net result
-€4.3m▼ 75.6%
2023 · -€2.5m
Working capital
-€6.4m▼ 11.2%
2022 · -€5.7m
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232023
Turnover€1.1m▲ 25.4%€703,338▼ 36.5%
Operating result€899,952▲ 43.6%-€5.4m-€16,714▲ 99.7%-€2.9m▼ 17,102%-€33,168-
Net result€88,618▼ 32.3%-€6.3m-€2.4m▲ 61.5%-€2.5m▼ 1.0%-€4.3m-
EBIT margin81.3%▲ 10.3pp-766.5%▼ 847.7pp
Equity€12.5m▼ 12.3%€431,830▼ 96.5%-€2.0m-€4.4m▼ 123%-€8.8m-
Total assets€21.1m▼ 10.3%€8.2m▼ 61.3%€5.7m▼ 30.5%€3.7m▼ 34.1%
Debt€8.5m▼ 7.6%€7.7m▼ 9.4%€7.7m▼ 0.9%€8.2m▲ 6.8%€8.8m-
Working capital-€5.8m▲ 9.5%-€5.4m▲ 6.5%-€5.7m▼ 6.1%-€6.4m▼ 11.2%
Result per fiscal year
Operating resultNet result
-€8.0m-€6.0m-€4.0m-€2.0m€0Operating result 2020: €899,952€899,952Net result 2020: €88,618€88,618Operating result 2021: -€5.4m-€5.4mNet result 2021: -€6.3m-€6.3mOperating result 2022: -€16,714-€16,714Net result 2022: -€2.4m-€2.4mOperating result 2023: -€2.9m-€2.9mNet result 2023: -€2.5m-€2.5mOperating result 2023: -€33,168-€33,168Net result 2023: -€4.3m-€4.3m20202021202220232023-€6m-€4m-€2m€0Operating result 2022: -€16,714-€16,700Net result 2022: -€2.4m-€2.4mOperating result 2023: -€2.9m-€2.9mNet result 2023: -€2.5m-€2.5mOperating result 2023: -€33,168-€33,200Net result 2023: -€4.3m-€4.3m202220232023
Multiple fiscal year ends fall in the same calendar year; an annual trend is not displayed.
Key figures and ratios
2023 value · change against 2023
Debt to equity
-1.00▲
2023 · -1.84
Debt ≤ 1 year
€7.0m▲
2023 · €6.4m
Debt > 1 year
€1.8m=
2023 · €1.8m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2023 against 2023 · 43 lines
Balance sheet Code20232023
Assets
Total assets20/58€3.7m-
Fixed assets21/28€3.7m-
Financial fixed assets28€3.7m-
Current assets29/58€982-
Amounts receivable within one year40/41€982-
Trade receivables40€982-
Equity and liabilities
Total equity and liabilities10/49€3.7m-
Equity10/15-€4.4m-€8.8m▼
Contributions10/11€2.0m€2.0m=
Capital10€2.0m€2.0m=
Issued capital100€2.0m€2.0m=
Profit (loss) carried forward14-€6.4m-€10.8m▼
Provisions and deferred taxes16€1,500€3,000▲
Provisions for liabilities and charges160/5€1,500€3,000▲
Other liabilities and charges164/5€1,500€3,000▲
Amounts payable17/49€8.2m€8.8m▲
Amounts payable after more than one year17€1.8m€1.8m=
Other amounts payable178/9€1.8m€1.8m=
Amounts payable within one year42/48€6.4m€7.0m▲
Financial debts43€6.3m€6.8m▲
Credit institutions430/8€6.3m€6.8m▲
Trade debts44€31,072€114,331▲
Suppliers440/4€31,072€114,331▲
Taxes, remuneration and social security45€43,910€44,596▲
Taxes450/3€43,910€44,596▲
Other amounts payable47/48€7,660€7,660=
Accrued charges and deferred income492/3€50,234€5,000▼
Income statement Code20232023
Goods, raw materials, services and sundry goods60/61€50,084€24,040▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€2.8m-
Other operating charges640/8€358€13,128▲
Gross operating margin9900-€48,417-€20,040▲
Operating profit (loss)9901-€2.9m-€33,168▲
Financial income75/76B€675,367-
Recurring financial income75€675,367-
Financial charges65/66B€252,199€4.3m▲
Recurring financial charges65€252,199€535,518▲
Non-recurring financial charges66B-€3.7m
Profit (loss) for the period before taxes9903-€2.5m-€4.3m▼
Profit (loss) for the period9904-€2.5m-€4.3m▼
Profit (loss) for the period to be appropriated9905-€2.5m-€4.3m▼
Appropriation of the result
Profit (loss) to be appropriated9906-€11.2m-€10.8m▲
Profit (loss) brought forward from the previous period14P-€8.7m-€6.4m▲
Transfer from equity791/2€4.7m-

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232023Change
Operating income70/76A-€703,372----
Turnover70€1.1m€703,338----
Other operating income74-€33----
Operating charges60/66A-€6.1m€16,714---
Goods, raw materials, services and sundry goods60/61---€50,084€24,040-
Services and other goods61-€149,730€24,357---
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€5.9m-€14,535€2.8m--
Other operating charges640/8-€8€6,892€358€13,128-
Non-recurring operating charges66A-€2,044----
Gross operating margin9900----€48,417-€20,040-
Operating profit (loss)9901€899,952-€5.4m-€16,714-€2.9m-€33,168-
Financial income75/76B-€355,934€404,400€675,367--
Recurring financial income75€132,109€355,934€404,400€675,367--
Income from financial fixed assets750-€324,271€370,593---
Other financial income752/9-€31,663€33,807---
Financial charges65/66B-€1.3m€2.8m€252,199€4.3m-
Recurring financial charges65€919,280€977,064€363,498€252,199€535,518-
Debt charges650€305,106€399,772€360,905---
Other financial charges652/9-€577,291€2,593---
Non-recurring financial charges66B-€300,000€2.5m-€3.7m-
Profit (loss) for the period before taxes9903€112,780-€6.3m-€2.4m-€2.5m-€4.3m-
Income taxes67/77€24,163€1,495€845---
Taxes670/3-€1,495€845---
Profit (loss) for the period9904€88,618-€6.3m-€2.4m-€2.5m-€4.3m-
Profit (loss) for the period to be appropriated9905€88,618-€6.3m-€2.4m-€2.5m-€4.3m-
Line20202021202220232023Change
Assets
Total assets20/58€21.1m€8.2m€5.7m€3.7m--
Fixed assets21/28€21.0m€8.1m€5.7m€3.7m--
Financial fixed assets28€21.0m€8.1m€5.7m€3.7m--
Affiliated companies280/1-€8.1m€5.7m---
Participating interests280-€2.5m----
Amounts receivable281-€5.7m€5.7m---
Other financial fixed assets284/8-€19,883----
Amounts receivable and cash guarantees285/8-€19,883----
Current assets29/58€56,597€42,197€19,190€982--
Amounts receivable within one year40/41€12,641€3,094€1,029€982--
Trade receivables40-€982€982€982--
Other amounts receivable41-€2,112€46---
Cash at bank and in hand54/58€304€100----
Deferred charges and accrued income490/1-€39,003€18,162---
Equity and liabilities
Total equity and liabilities10/49€21.1m€8.2m€5.7m€3.7m--
Equity10/15€12.5m€431,830-€2.0m-€4.4m-€8.8m-
Contributions10/11€2.0m€2.0m€2.0m€2.0m€2.0m-
Capital10-€2.0m€2.0m€2.0m€2.0m-
Issued capital100-€2.0m€2.0m€2.0m€2.0m-
Reserves13€4.7m€4.7m€4.7m---
Non-distributable reserves130/1-€200,000€200,000---
Legal reserve130-€200,000€200,000---
Distributable reserves133-€4.5m€4.5m---
Profit (loss) carried forward14€1,297-€6.3m-€8.7m-€6.4m-€10.8m-
Provisions and deferred taxes16€31,598€1,500€1,500€1,500€3,000-
Provisions for liabilities and charges160/5-€1,500€1,500€1,500€3,000-
Other liabilities and charges164/5-€1,500€1,500€1,500€3,000-
Amounts payable17/49€8.5m€7.7m€7.7m€8.2m€8.8m-
Amounts payable after more than one year17€2.7m€2.3m€1.9m€1.8m€1.8m-
Other amounts payable178/9-€2.3m€1.9m€1.8m€1.8m-
Amounts payable within one year42/48€5.8m€5.4m€5.7m€6.4m€7.0m-
Financial debts43-€5.4m€5.6m€6.3m€6.8m-
Credit institutions430/8-€5.4m€5.6m€6.3m€6.8m-
Trade debts44€5,675€21,018€31,072€31,072€114,331-
Suppliers440/4-€21,018€31,072€31,072€114,331-
Taxes, remuneration and social security45-€43,582€42,650€43,910€44,596-
Taxes450/3-€43,582€42,650€43,910€44,596-
Other amounts payable47/48-€7,660€7,660€7,660€7,660-
Accrued charges and deferred income492/3-€4,132-€50,234€5,000-
Line20202021202220232023Change
Profit (loss) for the period9904€88,618-€6.3m-€2.4m-€2.5m-€4.3m-
Operating cash flow (approximation)€88,618-€6.3m-€2.4m-€2.5m-€4.3m-
Investment in fixed assets (approximation)-€12.9m€2.5m€1.9m--
Change in cash--€204----

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
26-05
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 299 days late
2024
01-03
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 1 day late
2023
29-06
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
16-09
NBB filing Annual accounts filed
fiscal year 2021 · full schema · 47 days late
2021
31-12
Financial Weakest financial yearnet -€6.3m
Net result drops to -€6.3m, the lowest in the series.
02-08
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 2 days late
2020
30-09
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 61 days late
2019
31-12
Financial Highest result since 2018net €130,964 ▲13.6%
Net result €130,964, the highest in the series.
25-03
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
07-06
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
31-07
NBB filing Annual accounts filed
fiscal year 2016 · full schema
2016
28-07
NBB filing Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts

We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
6 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, Sint-Jans-Molenbeek · 1 establishment unit since 2011
seat establishment The establishment unit on the map
Ground area
1,984 m²
Building footprint
459 m²
Volume, LiDAR
12,404 m³
Parcel 21524C0070/00K002, Brussels · tallest building 32.3 m, ±9 floors. Linked by address, not a title deed.
18 companies at this address See who is registered here
1 establishment unit
METAPHORE
Edmond Machtenslaan 180, 1080 Sint-Jans-MolenbeekHoldings
since 20112.198.335.150
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21524C0070/00K002 Brussels 1,984 m² 1 · 459 m² 32.3 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.

Structure & network

Owners and holdings

2 owners · 5 holdings

Chain of control

  1. FONDATION PRIVEE Famille André Leruth 99.95%
  2. METAPHORE

Highest known parent: FONDATION PRIVEE Famille André Leruth. The sources do not say who stands above it.

Owners 2

Holdings 5

  • CRC MANAGEMENT AG (Liquidation)CHsubsidiary
    Equity CHF 66.3mResult CHF 334,265
    100%
  • METAPHOR ITALY SRL ( Failitte)ITsubsidiary
    Equity -€2.3mResult -€632,104
    100%
  • ONE BY ONE CHINA LTD ( Failitte)HKsubsidiary
    Equity -USD 4.7mResult -USD 1.1m
    100%
  • IMMOBILIARE RUE DE FRANCEITsubsidiary
    Equity €2.6mResult -€116,760
    82%
  • YUNPAI GARMENT (SHANGHAI) CO.,LIMITED (Failitte)CN
    Equity CNY 12.3mResult CNY 411,005
    100%via subsidiaries

According to the 2023 annual accounts of METAPHORE and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Identification & contact

Identification
Legal formPublic limited company
Founded04-04-2011
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.