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CINDY MATOS

Active Private limited companyfounded 2021active for 4 yearsJean Notéstraat 36, 1070 AnderlechtKBO/BCE: BE 0777.405.015

Overview

Lifetime

5 annual accounts with figures on one time axis
Gross marginpeak €26,084 (2024)
€12,388▼ 52.5%
Resultpeak €20,292 (2024)
€8,387▼ 58.7%
Equitypeak €17,590 (2024)
€14,213▼ 19.2%
Debts
€21,167▲ 41.4%
Board2 names since 2021
1 directorSANTOS DE MATEOS Cindy
Documentsfilings and deeds
23-10-202684 days late
2025micro format
Gross margin from €26,084 to €12,388Result from €20,292 to €8,387Dividend €11,765Equity from €17,590 to €14,213Debts from €14,967 to €21,167Cash from €10,531 to €151

Key points

from the 2025 annual accounts

Equity

€14,213 ▼ 19.2%
17,5902024+8,387Profit-11,765Dividend14,2132025

CINDY MATOS paid out €11,765 in dividends. That is 140% of the 2025 profit.

Filings

5 annual accounts 84 days
AprilJune31 JulyOctober20222024

Latest accounts filed late: after the legal deadline.

Position in the sector

€14,213

Less equity than 85% of companies in human health. Sector median €124,612 · 20,738 companies.

Checked score

80
Excellent
Financially stronger than 29% of micro companies in human health (NACE 86)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: < 0.1% across 24,179 companies (NACE 86, micro).

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.2% 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.4%▲ +0.2 percentage points vs 07-2025 09-2025: < 0.1%▼ -0.4 percentage points vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026lowest value 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: 0.1%▲ +0.1 percentage points vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.4%▲ +0.3 percentage points vs 09-2026highest value 11-2026: 0.4%● unchanged vs 10-2026highest value

Financial strength
Strong

Solvency
65-14equity 40.2% of total assets
Liquidity
19-49short-term debt 59.8% · cash 0.4%
Profitability
98-2return on assets 23.7%

Score breakdown

raises risk
Last filed accounts filed 84 days late; 2 of the last 3 accounts late
Liquidity: current ratio 1.59, cash €151, halved
lowers risk
Sector: Human health activities (NACE 86)
Size: total assets €35,380
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 86, micro). It does better than 33% of them on solvency, 3% on liquidity, 59% on profitability and 22% on growth.

The bankruptcy probability was computed on 05-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 39,278 companies had the same profile as CINDY MATOS has now. Each dot stands for 99 companies, two years later.

95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

Another 0.1% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of CINDY MATOS itself: 0.4% within 12 months.

Test of the method

The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 39,278 companies, not a prediction for CINDY MATOS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit of up to €1,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 1.59 (2.02 in 2024), above the usual 1.5. Short-term debt is 59.8% and cash 0.4% of total assets. However, 59.8% of the assets are financed with debt and provisions.

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises risk
lowers risk · Sector: Human health activities (NACE 86)
KBO
raises risk · Last filed accounts filed 84 days late; 2 of the last 3 accounts late
NBB · filings
raises risk · Liquidity: current ratio 1.59, cash €151, halved
NBB · annual accounts
lowers risk · Size: total assets €35,380
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · 2025 accounts filed 84 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-10-2026, 84 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 5 filings
Deviation from the deadline
2025
84 days late
2024
27 days late
2023
50 days late
2022
32 days late
2021
91 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 5 accounts on average 57 days after the deadline. In the sector (NACE 86), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 20 September (4 of the last 5 accounts filed within 33 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

SD
SANTOS DE MATEOS Cindy
Director, since 07-11-2021
  • SANTOS DE MATOS Cindy founderdeed of 19-11-2021
Board & ownership

Recent changes

Incorporation Founder: SANTOS DE MATOS Cindy · Founding capital of €2,000 · Appointment: SANTOS DE MATOS Cindy (sole director) · published on 19-11-2021 · Gazette deed
First establishment Jean Notéstraat 36, Anderlecht
All 9 events

Comparable companies

same main activity, similar in size and age
Company Total assets Gross margin Solvency Staff
CINDY MATOS Anderlecht €35,380 €12,388 40.2% -
KINE VAN DEN BERGH HANNAH Stabroek €33,639 €13,397 94.8% -
CUISSET CHRIS Thuin €32,547 €11,212 70.2% -
KINETEAM KESSEL-LO Leuven €33,366 €11,433 42.0% -
KINE PIET Wellen €40,155 €13,510 30.8% -
Floor Van den Broeck Vosselaar €32,949 €12,508 67.3% -
KINERI Ghent €37,101 €13,801 80.6% -

These companies have the same main activity as CINDY MATOS: physiotherapy (NACE 86951). They are comparable in size and age: total assets between €32,500 and €40,200, founded between 2021 and 2022.

Official details

Source: KBO
Status
Active since 17-11-2021Normal situation
Activity
PhysiotherapyNACE 86951
Establishment unit
2.324.357.3521070 Anderlecht, since 17-11-2021
Financial year end
31 December
Peppol
Not found in the Peppol Directory
Company details

Annual accounts 2025

Gross margin
€12,388▼ 52.5%
Turnover
≈ €75,000estimated
Profit
€8,387▼ 58.7%
Equity
€14,213▼ 19.2%
Total assets
€35,380▲ 8.7%
Filing
Filed on 23-10-2026
Financials

Insights on CINDY MATOS

CINDY MATOS files the micro format. That format states no turnover. The gross margin rose from €3,457 in 2021 to €12,388 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 23-10-2026, 84 days late
Gross margin
€12,388
▼ 52.5%
Operating result
€10,788
▼ 55.8%
Profit
€8,387
▼ 58.7%
Working capital
€12,456
▼ 16.5%
Solvency
40.2%
▼ 13.9 percentage points
Current ratio
1.59
▼ 0.43

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €75,000. Estimated: probably between €50,000 and €130,000.

Balance sheet

balance sheet total €35,380 on 31-12-2025
What the company ownsHow it is paid for

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency40.2%

Higher than 32% of 20,736 companies in 2025.

Current ratio1.59

Higher than 34% of 20,310 companies in 2025.

Return on assets23.7%

Higher than 56% of 20,592 companies in 2025.

CINDY MATOS Middle half of the sector 80% of the sector Micro accounts in human health (NACE 86)

Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021
Balance sheet: assets
Total assets20/58 35,38032,55712,6089,0049,036
Fixed assets21/28 1,7572,957-3,600-
Tangible fixed assets22/27 1,7572,957-3,600-
Furniture and vehicles24 ---3,600-
Other tangible fixed assets26 1,7572,957---
Current assets29/58 33,62329,60012,6085,4049,036
Amounts receivable within one year40/41 28,74316,3198,633761-
Trade receivables40 -49---
Other amounts receivable41 28,74316,2708,633761-
Cash at bank and in hand54/58 15110,5313801,3571,237
Deferred charges and accrued income490/1 4,7292,7503,5953,2867,799
Balance sheet: equity and liabilities
Total equity and liabilities10/49 35,38032,55712,6089,0049,036
Equity10/15 14,21317,5907,2986,8794,686
Contributions10/11 2,0002,0002,0002,0002,000
Profit (loss) carried forward14 12,21315,5905,2984,8792,686
Amounts payable17/49 21,16714,9675,3112,1254,351
Amounts payable within one year42/48 21,16714,6835,0272,1252,249
Trade debts44 1,901-1,637-347
Suppliers440/4 1,901-1,637-347
Taxes, remuneration and social security45 7,5014,6833,3892,125762
Taxes450/3 7,5014,6833,3892,125762
Other amounts payable47/48 11,76510,000--1,140
Accrued charges and deferred income492/3 -284284-2,102
Income statement
Gross operating margin9900 12,38826,0843,8945,1033,457
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 1,200643-1,200-
Other operating charges640/8 4001,007576348-
Non-recurring operating charges66A --1,100--
Operating profit (loss)9901 10,78824,4342,2173,5563,457
Financial income75/76B 68975329110-
Recurring financial income75 68975329110-
Financial charges65/66B 27121263910
Recurring financial charges65 27121263910
Profit (loss) for the period before taxes9903 11,20624,9752,4453,5573,448
Income taxes67/77 2,8184,6832,0261,363762
Profit (loss) for the period9904 8,38720,2924182,1942,686
Profit (loss) for the period to be appropriated9905 8,38720,2924182,1942,686
Appropriation of the result
Profit (loss) to be appropriated9906 23,97725,5905,2984,8792,686
Profit (loss) brought forward from the previous period14P 15,5905,2984,8792,686-
Profit to be distributed694/7 11,76510,000---
Return on contributions (dividend)694 11,765----
Directors or managers695 -10,000---
Document PDFPDFPDFPDFPDF

The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 23-10-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 84 days after the deadline. Filed on 23 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00567574.

Financial year Type Filed Reference Document
31-12-2025 micro format 23-10-2026 2026-00567574 PDF
31-12-2024 micro format 27-08-2025 2025-00442954 PDF
31-12-2023 micro format 19-09-2024 2024-00466306 PDF
31-12-2022 micro format 01-09-2023 2023-00442968 PDF
31-12-2021 micro format 30-10-2022 2022-20486069 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021
EBITDA 11,98825,078-4,756-
Cash flow 9,58820,936-3,394-
Investment in fixed assets (approximation) 03,601-4,800-
Change in cash -10,38010,151-977120-
Working capital 12,45614,9177,5823,2796,788
Solvency 40.2%54.0%57.9%76.4%51.9%
Current ratio 1.592.022.512.544.02
Debt to equity 1.490.850.730.310.93
ROE 59.0%115.4%5.7%31.9%57.3%
ROA 23.7%62.3%3.3%24.4%29.7%
Interest coverage 44.17over 100-over 100-

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets-€3,601-€4,800-
Depreciation and write-downs of the year€1,200€643-€1,200-

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on CINDY MATOS

The operating result for 2025 is 56% lower than in 2024.

Debt's share of the balance-sheet total rises from 46.0% to 59.8%. Equity is lower and debt is higher.

Board & ownership

Board

1 director, since incorporation
SANTOS DE MATEOS Cindy
Director
since 07-11-2021
listed in the 2025 annual accounts, filed on 23-10-2026

Office holders in the KBO →

Mandates through the years

2 names, the dashed line is today
SANTOS DE MATEOS Cindy
Director
BoardEarlierend not dated
Mandates as a list
  • SANTOS DE MATEOS Cindy
    • Director, from 07-11-2021 to date
  • SANTOS DE MATOS Cindy
    • Sole director, appointed by deed of 19-11-2021, no longer listed in the 2025 annual accounts

See the board, name and registered office on a given date →

Control

Founder
SANTOS DE MATOS Cindy
This company
CINDY MATOS
Equity €14,213
Profit €8,387 in 2025

Capital

Contribution
€2,000
Source
2025 annual accounts

Articles of association

deed of 19-11-2021 (in French)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
1 director
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
“La société peut, d’une manière générale, faire en Belgique ou à l’étranger, toutes opérations commerciales, industrielles, financières…”

Founder

At incorporation deed of 19-11-2021 ↗
  • SANTOS DE MATOS Cindy sole founder · 100% at incorporation

Network & group

No group

CINDY MATOS has no parent and no holdings in its annual accounts. SANTOS DE MATEOS Cindy is the only director. CINDY MATOS shares no director with another company.

At the same address

Jean Notéstraat 36, 1070 Anderlecht · 2 other companies
Turowski, Marcin (sole trader)
establishment since 01-07-2022
founded in 2022
0785.239.447
ASSOCIATION COPROPRIETAIRES A ANDERLECHT, RUE JEAN NOTE 36/38
registered office since 28-05-2009
founded in 2009
0812.112.308

Timeline

Timeline

9 events since 2021

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBmicro format · 84 days late
2025
Annual accounts 2024 filed PDFmicro format · 27 days late
2024
Highest result from 2021 to 2025 net €20,292 ▲4,750% The operating result of €24,434 and the net result of €20,292 are both a record.
Annual accounts 2023 filed PDFmicro format · 50 days late
2023
Weakest financial year net €418 ▼80.9% The net result drops to €418, the lowest from 2021 to 2025. It recovers the following year.
Annual accounts 2022 filed PDFmicro format · 32 days late
2022
Annual accounts 2021 filed PDFmicro format · 91 days late
2021
IncorporationFounder: SANTOS DE MATOS Cindy · Founding capital of €2,000 · Appointment: SANTOS DE MATOS Cindy (sole director) · published on 19-11-20213 points ▸
  • Founder, SANTOS DE MATOS Cindy
  • Founding capital, €2,000
  • Director appointment, SANTOS DE MATOS Cindy (sole director)

Open the deed in the Belgian Official Gazette

First establishment Jean Notéstraat 36, Anderlecht

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 17 November 2021, CINDY MATOS was incorporated as a private limited company.1 SANTOS DE MATEOS Cindy has served as director since 2021.2 Total assets went from €9,036 in 2021 to €35,380 in 2025.3

  1. 1KBO register
  2. 2National Bank, annual accounts 2025
  3. 3National Bank, annual accounts 2021 and 2025

Company details

Identity

Enterprise number
0777.405.015
VAT number
BE 0777.405.015
Legal form
Private limited company
Status
Active, normal situation
Founded
17-11-2021
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
“La société peut, d’une manière générale, faire en Belgique ou à l’étranger, toutes opérations commerciales, industrielles, financières…”
deed of 19-11-2021 (in French)
Peppol
Not found in the Peppol Directory
Name
CINDY MATOS in French
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 19-11-2021 (in French)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“À Anderlecht (1070 Bruxelles), rue Jean Noté 36 boîte 4”
deed of 19-11-2021 (in French)

Activities

NACEBEL 2025
86951 Physiotherapy main activity
Codes under NACEBEL 2008
86905 Human health activities main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“La pratique de la kinésithérapie dans tous ses champs d’application; La mise en œuvre des techniques kinésithérapiques ainsi que toutes…”
18 activities
  1. La pratique de la kinésithérapie dans tous ses champs d’application
  2. La mise en œuvre des techniques kinésithérapiques ainsi que toutes disciplines apparentées et tous types de soins en rapport avec la kinésithérapie,la réadaptation,la gymnastique médicale ainsi que tout traitement de rééducation de revalorisation des aptitudes physiques
  3. L’accomplissement de prestations liées à la santé,au bien-être,à la prévention et au sport,et notamment le massage,la relaxation neuromusculaire,les cours collectifs (aquabiking,aquagym,gymnastique médicale,fitness,etc.),la rééducation médicale,sans que cette énumération ne soit limitative
  4. La pratique de la kinésithérapie dans une entreprise sportive ou club sportif
  5. La gestion d’un centre de cabinets médicaux,l'exploitation de salles liées à l’activité,l’achat ou la location de matériel de kinésithérapie,d’ostéopathie,de médecine,de podologie,de dentisterie,etc.,l’engagement de personnel administratif,soignant ou appelé à pratiquer dans la société
  6. La pratique de l’enseignement dans tous ses champs d’application
  7. La création et la gestion de formations,ainsi que la formation d’administrateur
  8. La création d’une plateforme de vente en ligne ainsi que la gestion d’un e-commerce
  9. L’achat et la vente d'objets médicaux,paramédicaux et de bien-être,en physique
  10. L’investissement en Bourse et en placements divers
  11. Le développement,l’achat,la vente,la gestion,la mise en valeur,la prise ou l’attribution de licences,de brevets,de know-how,et autres droits intellectuels
  12. La constitution et la valorisation d’un patrimoine immobilier,tant en immeubles qu’en droits réels immobiliers,notamment l’achat,la vente,l’échange,la négociation,la transaction,la gestion,le leasing,la location meublée ou non tant en qualité de bailleur que de locataire,le lotissement,l’expertise,la revente,le courtage,la promotion,de tous biens immobiliers et en général de quelque nature,situés en Belgique ou à l’étranger
  13. L’acquisition,la vente ou l’échange de tout droit mobilier et de toute valeur mobilière,en ce compris notamment la constitution et la gestion d’un portefeuille de valeurs mobilières pour son compte propre uniquement
  14. La prise de participations,directe ou indirecte,dans le capital de toute personne morale belge ou étrangère,existante ou à créer,de quelque manière que ce soit,notamment par voie d’apport,de fusion,de souscription et de commandité
  15. Le consentement de tous prêts,crédits et avances sous quelques formes que ce soit et pour quelques durées que ce soit,à toutes entreprises affiliées ou dans laquelle la société possède une participation
  16. De se voir octroyer,sous quelques formes que ce soit et pour quelques durées que ce soit,tous prêts,crédits et avances par toute personne physique ou morale dans le cadre de ses activités
  17. De donner caution,aval ou toutes garanties généralement quelconques,tant pour ses propres engagements que pour les engagements de tiers,entre autres en donnant ses biens en hypothèque ou en gage,y compris son fonds de commerce
  18. D’exercer la fonction de gérant,d’administrateur,de délégué à la gestion journalière,de liquidateur ainsi que toute autre fonction autorisée dans toute personne morale belge ou étrangère
deed of 19-11-2021 (in French)

Registered office and establishments

1 establishment
Establishment Since Unit number
Jean Notéstraat 36 registered office 1070 Anderlecht 17-11-2021 2.324.357.352

Buildings and parcels at the address

Ground area
600 m²
Buildings
598 m²
Volume, LiDAR
2,812 m³
Tallest building
12.5 m
Buildings to scale, each on its own parcel
598 m², 12.5 m 598 m², 12.5 m

Location

registered office establishment The establishment unit on the map
3 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
21308H0646/00S004600 m² 1 · 598 m² 12.5 m · 1

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