MetX
ActiveSummary
MetX has been active since 1981 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €150,013 and a net result of €74,308. Equity is growing by ~17.1% per year across the filed fiscal years. Its solvency ranks better than 42% of 2465 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability94▲+92
Solvency65▲+12
Growth52▲+17
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity ample (current ratio 3.44 against 1.93 in 2023; short-term debt: 28.4% and cash: 50.4% of total assets), but 59.9% of the assets are financed with debt.
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Signals
Five 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 90
Relative position
BE, all sectors
reference
Arts creation and performing arts activities (NACE 90)
about 58% 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 · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-10-2025, 62 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 · 8 filingsDeviation from the deadline
2025
not confirmed
2024
62 d late
2023
124 d early
2022
132 d early
2021
146 d late
2020
127 d early
2019
124 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 50 days before the deadline; the sector median for financial year 2024 is 4 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2024, micro schema
Turnover
€305,378▼ 69.7%
2022 · €1.0m
EBIT margin
-11.7%▼ 11.8pp
2022 · 0.1%
Net result
€74,308
2023 · -€36,063
Working capital
€259,650▲ 106%
2023 · €126,055
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
Line20202021202220232024
Turnover€658,729€840,217▲ 27.6%€1.0m▲ 19.9%€305,378▼ 69.7%
Operating result€66,871▲ 149%-€2,536€668-€35,706€75,609
Net result€66,116▲ 176%-€3,205€107-€36,063€74,308
EBIT margin10.2%-0.3%▼ 10.5pp0.1%▲ 0.4pp-11.7%▼ 11.8pp
Equity€114,866▲ 135%€111,661▼ 2.8%€111,768▲ 0.1%€75,705▼ 32.3%€150,013▲ 98.2%
Total assets€326,472▲ 81.8%€284,261▼ 12.9%€336,062▲ 18.2%€274,262▼ 18.4%€374,564▲ 36.6%
Debt€211,606▲ 61.8%€172,600▼ 18.4%€224,294▲ 29.9%€198,557▼ 11.5%€224,551▲ 13.1%
Working capital€218,092▲ 138%€177,654▼ 18.5%€163,647▼ 7.9%€126,055▼ 23.0%€259,650▲ 106%
Staff (FTE)12.7
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2023 Turnover -70% on 2022. The previous fiscal year ran 21 months, this one 12.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €75,609 after a loss of €35,706 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €374,564
Fixed assets
€8,521 ▼ 29.8%
Current assets
€366,043 ▲ 39.6%
Equity and liabilities €374,564
Equity
€150,013 ▲ 98.2%
Debt
€224,551 ▲ 13.1%
Debt's share of the balance-sheet total falls from 72.4% to 59.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€86,360▲
2023 · -€27,453
Cash flow
€85,058▲
2023 · -€27,809
Current ratio
3.44▲
2023 · 1.93
Debt to equity
1.50▼
2023 · 2.62
ROE
49.5%▲
2023 · -47.6%
ROA
19.8%▲
2023 · -13.1%
Interest coverage
58.13▲
2023 · -76.97
Debt ≤ 1 year
€106,393▼
2023 · €136,076
Staff costs
€661,451▼
2023 · €681,117
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,082 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,058 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% | 1.6% |
| 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 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 20,082 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €658,729 | €840,217 | €1.0m | €305,378 | - | - |
| Non-recurring operating income76A | - | - | - | - | €57,331 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €335,641 | €434,380 | - | - |
| Remuneration, social security and pensions62 | - | - | €663,188 | €681,117 | €661,451 | ▼ 2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,103 | €11,261 | €7,059 | €8,254 | €10,751 | ▲ 30.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | -€2,717 | - |
| Other operating charges640/8 | - | - | €478 | €544 | €2,658 | ▲ 389% |
| Non-recurring operating charges66A | - | - | - | - | €13,248 | - |
| Gross operating margin9900 | €446,302 | €530,077 | €671,392 | €654,209 | €761,000 | ▲ 16.3% |
| Operating profit (loss)9901 | €66,871 | -€2,536 | €668 | -€35,706 | €75,609 | ▲ 312% |
| Financial income75/76B | - | - | - | - | €184 | - |
| Recurring financial income75 | - | €13 | - | - | €184 | - |
| Financial charges65/66B | - | - | €560 | €357 | €1,486 | ▲ 317% |
| Recurring financial charges65 | €756 | €682 | €560 | €357 | €1,486 | ▲ 317% |
| Profit (loss) for the period before taxes9903 | €66,116 | -€3,205 | €107 | -€36,063 | €74,308 | ▲ 306% |
| Profit (loss) for the period9904 | €66,116 | -€3,205 | €107 | -€36,063 | €74,308 | ▲ 306% |
| Profit (loss) for the period to be appropriated9905 | €66,116 | -€3,205 | €107 | -€36,063 | €74,308 | ▲ 306% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €326,472 | €284,261 | €336,062 | €274,262 | €374,564 | ▲ 36.6% |
| Fixed assets21/28 | €28,257 | €17,396 | €17,276 | €12,132 | €8,521 | ▼ 29.8% |
| Tangible fixed assets22/27 | €26,958 | €15,697 | €14,702 | €10,033 | €6,423 | ▼ 36.0% |
| Plant, machinery and equipment23 | - | - | €4,043 | €4,411 | €5,955 | ▲ 35.0% |
| Furniture and vehicles24 | - | - | €10,660 | €5,622 | €468 | ▼ 91.7% |
| Financial fixed assets28 | €1,298 | €1,698 | €2,573 | €2,098 | €2,098 | = |
| Current assets29/58 | €298,216 | €266,865 | €318,786 | €262,131 | €366,043 | ▲ 39.6% |
| Stocks and contracts in progress3 | €1,052 | €938 | €938 | - | - | - |
| Stocks30/36 | - | - | €938 | - | - | - |
| Amounts receivable within one year40/41 | €62,273 | €45,653 | €98,663 | €161,102 | €175,856 | ▲ 9.2% |
| Trade receivables40 | - | - | €39,706 | €71,077 | €48,989 | ▼ 31.1% |
| Other amounts receivable41 | - | - | €58,957 | €90,025 | €126,867 | ▲ 40.9% |
| Cash at bank and in hand54/58 | €234,891 | €213,382 | €217,628 | €86,082 | €188,863 | ▲ 119% |
| Deferred charges and accrued income490/1 | - | - | €1,557 | €14,947 | €1,324 | ▼ 91.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €326,472 | €284,261 | €336,062 | €274,262 | €374,564 | ▲ 36.6% |
| Equity10/15 | €114,866 | €111,661 | €111,768 | €75,705 | €150,013 | ▲ 98.2% |
| Reserves13 | - | - | €32,704 | €32,704 | €78,064 | ▲ 139% |
| Profit (loss) carried forward14 | €82,162 | €78,956 | €79,064 | €43,001 | €71,949 | ▲ 67.3% |
| Amounts payable17/49 | €211,606 | €172,600 | €224,294 | €198,557 | €224,551 | ▲ 13.1% |
| Amounts payable after more than one year17 | €13,523 | €9,801 | €5,967 | €2,018 | - | - |
| Financial debts170/4 | - | - | €5,967 | €2,018 | - | - |
| Amounts payable within one year42/48 | €80,124 | €89,212 | €155,139 | €136,076 | €106,393 | ▼ 21.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €3,961 | €2,018 | ▼ 49.0% |
| Financial debts43 | - | - | €3,834 | - | - | - |
| Credit institutions430/8 | - | - | €3,834 | - | - | - |
| Trade debts44 | €9,880 | €21,261 | €61,672 | €41,201 | €40,507 | ▼ 1.7% |
| Suppliers440/4 | - | - | €61,672 | €41,201 | €40,507 | ▼ 1.7% |
| Taxes, remuneration and social security45 | - | - | €89,587 | €90,867 | €63,868 | ▼ 29.7% |
| Taxes450/3 | - | - | €15,984 | €15,659 | - | - |
| Remuneration and social security454/9 | - | - | €73,602 | €75,208 | €63,868 | ▼ 15.1% |
| Accrued charges and deferred income492/3 | - | - | €63,188 | €60,463 | €118,158 | ▲ 95.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €66,116 | -€3,205 | €107 | -€36,063 | €74,308 | ▲ 306% |
| + Depreciation and write-downs630 | €12,103 | €11,261 | €7,059 | €8,254 | €10,751 | ▲ 30.3% |
| Operating cash flow (approximation) | €78,219 | €8,056 | €7,166 | -€27,809 | €85,058 | ▲ 406% |
| Investment in fixed assets (approximation) | - | -€400 | -€6,939 | -€3,109 | -€7,140 | ▼ 130% |
| Change in cash | - | -€21,508 | €4,246 | -€131,546 | €102,780 | ▲ 178% |
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
2025
01-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 62 days late
2024
31-12
Financial
Back to profitnet €74,308
Net result €74,308 after one loss-making year.
31-12
Financial
Equity above €150,000Eq €150,013 ▲98.2%
Equity rises from €75,705 to €150,013.
29-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet -€36,063
Net result drops to -€36,063, the lowest in the series; recovery starts the following year.
21-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €107
Net result €107 after one loss-making year.
26-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 146 days late
2021
26-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €100,000Eq €114,866 ▲135%
2 profitable years in a row build equity to €114,866.
29-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 328 days late
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 15 acts read
About the unread acts
We know of 15 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
15 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, Brussel · 1 establishment unit since 2007
Ground area
751 m²
Building footprint
174 m²
Volume, LiDAR
2,644 m³
Parcel 21809K0369/00B002, Brussels · tallest building 17.8 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
De Krijtkring vzw
since 20072.160.111.608
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21809K0369/00B002 | Brussels | 751 m² | 1 · 174 m² | 17.8 m · 5 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 10 entries · 1,894,698 EUR awarded · 1,845,277 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 497,702 EUR | 496,190 EUR |
| 2024 | 2 | 495,245 EUR | 490,173 EUR |
| 2023 | 3 | 481,446 EUR | 477,742 EUR |
| 2022 | 3 | 420,305 EUR | 381,172 EUR |
Schemes
Wallonia-Brussels Federation
2023 to 2025 · 7 entries · 25,140 EUR in total| Year | Entries | paid |
|---|---|---|
| 2025 | 2 | 9,700 EUR |
| 2024 | 3 | 7,940 EUR |
| 2023 | 2 | 7,500 EUR |
Recognitions · licences · registrations
Dual-learning approval
1 live approvalOnthaal, organisatie en sales duaal (so)
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Of 3,531 companies in sector 90391 we hold annual accounts for 682. 505 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formNon-profit association
Founded29-11-1981
Fiscal year end31-12
Activities, NACEBEL 2025
90391Promotion and organisation of arts and performing arts events
77229Renting and leasing of other personal and household goods
85593Socio-cultural adult education
E-invoicing
Reachable via Peppol
Peppol ID
0208:0422914852
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.