Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 26 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
METAFOX from Ardooie, company number BE0425292441, closed financial year 2025 with a result of € -61,464 after tax. For that financial year METAFOX recorded revenue of € 9.3 million and equity of € 3.3 million. Compared with financial year 2024, the result moved from € -266,973 to € -61,464. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 24, 2026.
€ 3.3 million
▼ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -61,464
▲ 77 % less loss than in 2024
Profit after tax over the fiscal year.
€ 403,605
▼ 14% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 1.2 million.
People and assets in 2025
53
▼ 2.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3.5 million
▲ 3% vs 2024
€ 66,400 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.
€ 501,523
▼ 21% vs 2024
Of which on lease € 347,368.
Debts at end 2025
€ 4 million
▼ 12% vs 2024
€ 789,621 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 1.3 million
▲ 63% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 88 days on average.
€ 639,853
▲ 14% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 10,123,018 | € 9,547,739 | € 9,914,547 | € 9,290,387 | ▼ 6% |
| Profit after taxes | € 21,538 | € -384,756 | € -266,973 | € -61,464 | ▲ € 205,509 |
| Equity | € 4,064,007 | € 3,652,097 | € 3,359,701 | € 3,279,586 | ▼ 2% |
| Total debts | € 6,812,351 | € 7,296,109 | € 6,909,307 | € 7,009,192 | ▲ 1% |
| Cash | € 742,293 | € 519,705 | € 471,709 | € 403,605 | ▼ 14% |
| Land & buildings | € 4,408,512 | € 4,469,022 | € 4,228,798 | € 3,953,020 | ▼ 7% |
| Retained profit | € 1,936,812 | € 1,552,056 | € 1,285,083 | € 1,223,619 | ▼ 5% |
| Bank debt | € 4,642,323 | € 4,349,471 | € 4,574,207 | € 4,020,426 | ▼ 12% |
| Balance sheet total | € 11,268,378 | € 11,292,171 | € 10,544,446 | € 10,495,689 | |
| Employees (FTE) | 50.7 | 56 | 55.8 | 53 | ▼ 2.8 |
Key figures of METAFOX, 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 METAFOX?
What happened at METAFOX in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Tertius Vulpes CommV. stepped down as director. NBB
- FOX II COMMV. stepped down as director. NBB
- Icarus Invest BV stepped down as director. NBB
- Malpertuus B.V. stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 61,464. Source: NBB ↗
- Tertius Vulpes CommV. became a director. NBB
- FOX II COMMV. became a director. NBB
- Icarus Invest BV became a director. NBB
In short
From € 21,538 profit in 2022 to € 61,464 loss in 2025.
Paid € 52,231 in corporate taxes since 2022.
Best year ever: 2022, with € 21,538 profit.
Pays suppliers within 88 days on average.
Management
The stake of ICARUS INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
METAFOXThe shares are held by ICARUS INVEST (99.6%).
Directors
According to the 2025 annual accounts
Director · represented by Xavier Devos
Also active at: MAES METAL, DAFCO, De Pypere, PoletDePypere Company, R&R CONSULT
since 2019 · until 2028
Director · represented by Olivier Devos
Also active at: MAES METAL, WERKHUIZEN ALLEMEERSCH, G.D. ENGINEERING, ALLFOX, IJ-INVEST, R&R CONSULT
since 2019 · until 2028
Managing director · represented by Roger Spiessens
Also active at: MAES METAL, G.D. ENGINEERING, PoletDePypere Company, ASCOLIA, R&R CONSULT
since 2019 · until 2028
Managing director · represented by Frederique Devos
Also active at: MAES METAL, WERKHUIZEN ALLEMEERSCH, JAEGERSON, IJ-INVEST, ASCOLIA, R&R CONSULT
since 2019 · until 2028
Shareholders
99.6%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Stationsstraat 176
8850 Ardooie
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →MAES METAL same network
€ 463,781 gross margin · 2025
DAFCO same network
€ 553,074 gross margin · 2025
ALLFOX same network
€ 1.4 million gross margin · 2025
RRC
IJ-INVEST same network
€ 360,000 revenue · 2025
+3 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0425.292.441
- VAT number
- BE 0425.292.441
- Registered office
- Stationsstraat 176, 8850 Ardooie
- Names & denominations
- METAFOX
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 19 December 1983
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- [email protected] 051740059
- Activities · NACE
Vervaardiging van kantoor- en winkelmeubelen
Vervaardiging van kantoor-, winkel- en ateliermeubelen, overwegend van metaal
Vervaardiging van eetkamer-, zitkamer-, slaapkamer- en badkamermeubelen
Vervaardiging van stoelen en zitmeubelen voor woningen en kantoren
Vervaardiging van fietsen en invalidenwagens
Vervaardiging van rijwielen