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Ma'troefs

Active
Private limited companyfounded 20206 yrs activeCronjéstraat 34, 2140 Antwerpen, BelgiumKBO/BCE: BE 0748.714.294
Summary

The computed 12-month bankruptcy probability of Ma'troefs is 2.3% (moderate). The 2025 annual accounts show equity of €32,625 and a net result of €30,625. Equity is growing by ~44.3% per year across the filed fiscal years. The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability89▼-4
Solvency42▼-58
Growth78=
Track record100
Bankruptcy probability, 12 months
2.3% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity tight (current ratio 1.02 against 11.97 in 2024; short-term debt: 82.6% and cash: 6.5% of total assets), and 82.6% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 6 years 0 10 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
17.4%
Return on assets
16.3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-09-2026, 50 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 · 6 filings
Deviation from the deadline
2025
50 d late
2024
55 d late
2023
59 d late
2022
65 d late
2021
58 d late
2020
82 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 62 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 27 September (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
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 18 June 2020, Ma'troefs was incorporated as a Private limited company.1 Total assets went from EUR 35,846 in 2020 to EUR 187,782 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2020 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€32,625▼ 77.0%
2024 · €141,921
Total assets
€187,782▲ 21.3%
2024 · €154,764
Net result
€30,625▲ 0.5%
2024 · €30,487
Working capital
€2,928▼ 97.9%
2024 · €140,847
Trend over the years
In euros
In euros
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result€40,361▲ 62.9%€38,235▼ 5.3%€38,486▲ 0.7%€42,766▲ 11.1%€43,835▲ 2.5%
Net result€31,637▲ 62.3%€29,797▼ 5.8%€29,304▼ 1.7%€30,487▲ 4.0%€30,625▲ 0.5%
Equity€52,332▲ 143%€82,130▲ 56.9%€111,434▲ 35.7%€141,921▲ 27.4%€32,625▼ 77.0%
Total assets€77,029▲ 115%€117,035▲ 51.9%€133,571▲ 14.1%€154,764▲ 15.9%€187,782▲ 21.3%
Debt€24,697▲ 72.1%€34,905▲ 41.3%€22,138▼ 36.6%€12,843▼ 42.0%€155,156▲ 1,108%
Working capital€47,688▲ 233%€79,102▲ 65.9%€110,976▲ 40.3%€140,847▲ 26.9%€2,928▼ 97.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€20,000€40,000Operating result 2021: €40,361€40,361Net result 2021: €31,637€31,637Operating result 2022: €38,235€38,235Net result 2022: €29,797€29,797Operating result 2023: €38,486€38,486Net result 2023: €29,304€29,304Operating result 2024: €42,766€42,766Net result 2024: €30,487€30,487Operating result 2025: €43,835€43,835Net result 2025: €30,625€30,62520212022202320242025€0€20,000€40,000Operating result 2023: €38,486€38,500Net result 2023: €29,304€29,300Operating result 2024: €42,766€42,800Net result 2024: €30,487€30,500Operating result 2025: €43,835€43,800Net result 2025: €30,625€30,600202320242025
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 2% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €187,782
Fixed assets €29,698 ▲ 2,667%
Current assets €158,084 ▲ 2.9%
Equity and liabilities €187,782
Equity €32,625 ▼ 77.0%
Debt €155,156 ▲ 1,108%
Debt's share of the balance-sheet total rises from 8.3% to 82.6%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€47,010▲
2024 · €43,256
Cash flow
€33,801▲
2024 · €30,976
Current ratio
1.02▼
2024 · 11.97
Debt to equity
4.76▲
2024 · 0.09
ROE
93.9%▲
2024 · 21.5%
ROA
16.3%▼
2024 · 19.7%
Interest coverage
219.26▼
2024 · 765.58
Debt ≤ 1 year
€155,156▲
2024 · €12,843
Income taxes
€12,995▲
2024 · €12,426
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,713 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.3% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to 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% 1.0%
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%

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 6,713 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet Code20242025
Assets
Total assets20/58€154,764€187,782▲
Fixed assets21/28€1,073€29,698▲
Tangible fixed assets22/27€1,073€29,698▲
Plant, machinery and equipment23€1,073€705▼
Furniture and vehicles24-€28,992
Current assets29/58€153,690€158,084▲
Amounts receivable within one year40/41€60,996€127,704▲
Trade receivables40€15,845€954▼
Other amounts receivable41€45,151€126,750▲
Cash at bank and in hand54/58€92,366€12,141▼
Deferred charges and accrued income490/1€328€18,239▲
Equity and liabilities
Total equity and liabilities10/49€154,764€187,782▲
Equity10/15€141,921€32,625▼
Contributions10/11€2,000€2,000=
Profit (loss) carried forward14€139,921€30,625▼
Amounts payable17/49€12,843€155,156▲
Amounts payable within one year42/48€12,843€155,156▲
Trade debts44€418€1,068▲
Suppliers440/4€418€1,068▲
Taxes, remuneration and social security45€12,426€33,983▲
Taxes450/3€12,426€33,983▲
Other amounts payable47/48-€120,105
Income statement Code20242025
Non-recurring operating income76A-€1,000
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€489€3,176▲
Other operating charges640/8€1,461€3,029▲
Gross operating margin9900€44,717€50,040▲
Operating profit (loss)9901€42,766€43,835▲
Financial income75/76B€202€0▼
Recurring financial income75€202€0▼
Financial charges65/66B€57€214▲
Recurring financial charges65€57€214▲
Profit (loss) for the period before taxes9903€42,912€43,620▲
Income taxes67/77€12,426€12,995▲
Profit (loss) for the period9904€30,487€30,625▲
Profit (loss) for the period to be appropriated9905€30,487€30,625▲
Appropriation of the result
Profit (loss) to be appropriated9906€139,921€170,546▲
Profit (loss) brought forward from the previous period14P€109,434€139,921▲
Profit to be distributed694/7-€139,921
Return on contributions (dividend)694-€139,921

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Non-recurring operating income76A----€1,000-
Remuneration, social security and pensions62€96€23----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,533€2,992€2,569€489€3,176▲ 549%
Other operating charges640/8€1,257€862€1,269€1,461€3,029▲ 107%
Gross operating margin9900€44,247€42,112€42,325€44,717€50,040▲ 11.9%
Operating profit (loss)9901€40,361€38,235€38,486€42,766€43,835▲ 2.5%
Financial income75/76B-€0€163€202€0▼ 99.9%
Recurring financial income75-€0€163€202€0▼ 99.9%
Financial charges65/66B€65€64€39€57€214▲ 279%
Recurring financial charges65€65€64€39€57€214▲ 279%
Profit (loss) for the period before taxes9903€40,295€38,171€38,610€42,912€43,620▲ 1.7%
Income taxes67/77€8,658€8,374€9,306€12,426€12,995▲ 4.6%
Profit (loss) for the period9904€31,637€29,797€29,304€30,487€30,625▲ 0.5%
Profit (loss) for the period to be appropriated9905€31,637€29,797€29,304€30,487€30,625▲ 0.5%
Line20212022202320242025Change
Assets
Total assets20/58€77,029€117,035€133,571€154,764€187,782▲ 21.3%
Fixed assets21/28€4,644€3,028€458€1,073€29,698▲ 2,667%
Tangible fixed assets22/27€4,644€3,028€458€1,073€29,698▲ 2,667%
Plant, machinery and equipment23-€917€458€1,073€705▼ 34.3%
Furniture and vehicles24€4,644€2,111--€28,992-
Current assets29/58€72,385€114,007€133,113€153,690€158,084▲ 2.9%
Amounts receivable within one year40/41€15,877€17,985€12,513€60,996€127,704▲ 109%
Trade receivables40€15,877€17,985€6,390€15,845€954▼ 94.0%
Other amounts receivable41--€6,122€45,151€126,750▲ 181%
Cash at bank and in hand54/58€56,346€95,863€120,416€92,366€12,141▼ 86.9%
Deferred charges and accrued income490/1€163€159€185€328€18,239▲ 5,459%
Equity and liabilities
Total equity and liabilities10/49€77,029€117,035€133,571€154,764€187,782▲ 21.3%
Equity10/15€52,332€82,130€111,434€141,921€32,625▼ 77.0%
Contributions10/11€2,000€2,000€2,000€2,000€2,000=
Profit (loss) carried forward14€50,332€80,130€109,434€139,921€30,625▼ 78.1%
Amounts payable17/49€24,697€34,905€22,138€12,843€155,156▲ 1,108%
Amounts payable within one year42/48€24,697€34,905€22,138€12,843€155,156▲ 1,108%
Trade debts44€5,837€12,741€4,458€418€1,068▲ 156%
Suppliers440/4€5,837€12,741€4,458€418€1,068▲ 156%
Taxes, remuneration and social security45€13,925€17,032€17,680€12,426€33,983▲ 173%
Taxes450/3€13,925€17,032€17,680€12,426€33,983▲ 173%
Other amounts payable47/48€4,934€5,132--€120,105-
Line20212022202320242025Change
Profit (loss) for the period9904€31,637€29,797€29,304€30,487€30,625▲ 0.5%
+ Depreciation and write-downs630€2,533€2,992€2,569€489€3,176▲ 549%
Operating cash flow (approximation)€34,171€32,789€31,874€30,976€33,801▲ 9.1%
Investment in fixed assets (approximation)--€1,375€0-€1,104-€31,800▼ 2,780%
Change in cash-€39,517€24,553-€28,050-€80,226▼ 186%

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

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
19-09
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 50 days late
2025
24-09
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 55 days late
2024
28-09
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 59 days late
2023
31-12
Financial Equity above €100,000Eq €111,434 ▲35.7%
4 profitable years in a row build equity to €111,434.
04-10
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 65 days late
2022
27-09
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 58 days late
2021
31-12
Financial Highest result since 2020net €31,637 ▲62.3%
Net result €31,637, the highest in the series.
21-10
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 82 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2020
seat establishment The establishment unit on the map
Ground area
78 m²
Building footprint
63 m²
Volume, LiDAR
595 m³
Parcel 11312A1140/00G000, Flanders · tallest building 16.0 m, ±3 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Ma'troefs
Cronjéstraat 34, 2140 AntwerpenHuman health activities
since 20202.305.266.366
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11312A1140/00G000 Flanders 78 m² 1 · 63 m² 16.0 m · 3 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.

Company details

Identification
Legal formPrivate limited company
Founded18-06-2020
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:0748714294
Also 9925:BE0748714294
Registered 23-01-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 1 October 2026 · Peppol Directory

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