Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 61 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Metafor from Wetteren, company number BE0400097680, closed financial year 2025 with a result of € -74,383 after tax. For that financial year Metafor recorded a gross margin of € 1.8 million and equity of € 404,202. Compared with financial year 2024, the result moved from € -261,088 to € -74,383. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 4, 2026.
€ 404,202
▼ 16% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -74,383
▲ 72 % less loss than in 2024
Profit after tax over the fiscal year.
€ 49,592
▲ 49% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 332,202.
People and assets in 2025
27.1
▼ 0.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.3 million
€ 49,300 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 129,227
▼ 31% vs 2024
Of which on lease € 82,137.
Debts at end 2025
€ 3.8 million
€ 669,564 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 544,624
▲ 33% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 64,999
▼ 16% vs 2024
Taxes, VAT and social contributions still to pay.
Want to see how much further we take a dossier in the Pro version? Open the free De Lijn example and give feedback →
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,696,710 | € 1,976,681 | € 1,538,617 | € 1,771,785 | ▲ 15% |
| Profit after taxes | € -12,760 | € 18,234 | € -261,088 | € -74,383 | ▲ € 186,704 |
| Equity | € 721,440 | € 739,673 | € 478,586 | € 404,202 | ▼ 16% |
| Total debts | € 3,775,345 | € 4,241,659 | € 4,452,602 | € 4,446,545 | |
| Cash | € 33,977 | € 137,321 | € 33,387 | € 49,592 | ▲ 49% |
| Land & buildings | € 1,439,527 | € 1,837,906 | € 1,782,508 | € 1,680,226 | ▼ 6% |
| Retained profit | € 649,440 | € 667,673 | € 406,586 | € 332,202 | ▼ 18% |
| Bank debt | € 3,083,439 | € 3,580,903 | € 3,824,985 | € 3,836,896 | |
| Balance sheet total | € 4,645,663 | € 5,271,549 | € 5,174,807 | € 5,038,109 | ▼ 3% |
| Employees (FTE) | 26.5 | 26.7 | 27.5 | 27.1 | ▼ 0.4 |
Key figures of Metafor, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Metafor?
What happened at Metafor in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Fleur Geirnaert stepped down as director. NBB
- Modius BV stepped down as director. NBB
- Lauren Geirnaert stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 74,383. filed late Source: NBB ↗
- Fleur Geirnaert became a director. NBB
- Modius BV became a director. NBB
- Lauren Geirnaert became a director. NBB
- New establishment in Wetteren. KBO
In short
From € 12,760 loss in 2022 to € 74,383 loss in 2025.
Paid € 19,168 in corporate taxes since 2022.
Best year ever: 2023, with € 18,234 profit.
On average € 65,400 of value added per employee in 2025.
A new publication or filing at Metafor? We notify you, reason included.
Follow MetaforDatabakkes Pro
Know what changes at your customers, suppliers and competitors. Without reading an annual account.
- Follow them in one folder Every company in your folder gets this full dossier: household book, all fiscal years, benchmark against companies of the same size.
- We alert you, with the reason New annual account, Official Gazette publication or status change: you get what changed and where it says so.
- In bulk too, and in ChatGPT and Claude Upload your customer list and get the warning signs back per company. Or ask in your own AI assistant, with this register as the source.
Databakkes Pro is being built. Sign up now and you are first in line for an invitation, with a month to try without a credit card.
De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of Modius comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MetaforThe shares are held by Modius (99.9%).
Directors
According to the 2025 annual accounts
Fleur Geirnaert
Director
since 2022 · until 2027
Director · represented by Dick Geirnaert
since 2022 · until 2027
Lauren Geirnaert
Director
since 2022 · until 2027
Shareholders
99.9%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Vantegemstraat 25
9230 Wetteren
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0400.097.680
- VAT number
- BE 0400.097.680
- Registered office
- Vantegemstraat 25, 9230 Wetteren
- Names & denominations
- Metafor
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 12 April 1967
- Peppol
- Active · Active since 16 Dec 2025
- Activities · NACE
Bewerken van metaal en poedermetallurgie
Smeden van metaal
Persen, stampen en profielwalsen van metaal; poedermetallurgie
Groothandel in ijzerwaren