Maettrans
ActiveSummary
Maettrans has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €99k and a net result of €6k. Equity is growing by ~5% per year across the filed fiscal years. Its solvency ranks better than 87% of 4654 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▼-2
Solvency100▲+2
Growth52=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 4.5 against 3.85 in 2024; short-term debt: 14.5% and cash: 39.9% of total assets), and 19.2% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
80.8%
Return on assets
5%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-07-2026, 15 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
15 d early
2024
14 d early
2023
12 d late
2022
25 d late
2021
16 d early
2020
9 d early
2019
9 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€99k▲ 5.6%
2024 · €94k
Total assets
€122k▼ 4.8%
2024 · €129k
Net result
€6k▼ 30.1%
2024 · €9k
Working capital
€62k▲ 14.5%
2024 · €54k
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
Line20212022202320242025
Operating result€8k▲ 78.3%€3k▼ 58.1%€5k▲ 34.4%€12k▲ 167%€9k▼ 23.7%
Net result€6k▲ 82.0%€2k▼ 67.6%€3k▲ 50.7%€9k▲ 209%€6k▼ 30.1%
Equity€83k▲ 6.4%€84k▲ 1.3%€86k▲ 2.4%€94k▲ 9.2%€99k▲ 5.6%
Total assets€111k▼ 3.2%€96k▼ 13.7%€149k▲ 56.1%€129k▼ 14.0%€122k▼ 4.8%
Debt€28k▼ 23.5%€12k▼ 57.7%€64k▲ 432%€35k▼ 45.2%€23k▼ 32.8%
Working capital€56k▲ 7.7%€59k▲ 4.4%€38k▼ 35.5%€54k▲ 42.4%€62k▲ 14.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 24% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €122k
Fixed assets
€43k ▼ 22.9%
Current assets
€80k ▲ 9.0%
Equity and liabilities €122k
Equity
€99k ▲ 5.6%
Debt
€23k ▼ 32.8%
Debt's share of the balance-sheet total falls from 27.1% to 19.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€29k▼
2024 · €35k
Cash flow
€26k▼
2024 · €31k
Current ratio
4.50▲
2024 · 3.85
Debt to equity
0.24▼
2024 · 0.37
ROE
6.2%▼
2024 · 9.3%
ROA
5.0%▼
2024 · 6.8%
Interest coverage
17.88▼
2024 · 18.61
Debt ≤ 1 year
€18k▼
2024 · €19k
Debt > 1 year
€6k▼
2024 · €16k
Income taxes
€2k▼
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €414 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €9k | €17k | €22k | €20k | ▼ 11.5% |
| Other operating charges640/8 | €2k | €2k | €8k | €9k | €11k | ▲ 18.7% |
| Gross operating margin9900 | €19k | €15k | €30k | €44k | €40k | ▼ 8.5% |
| Operating profit (loss)9901 | €8k | €3k | €5k | €12k | €9k | ▼ 23.7% |
| Financial income75/76B | €46 | €24 | €60 | €50 | €49 | ▼ 1.7% |
| Recurring financial income75 | €46 | €24 | €60 | €50 | €49 | ▼ 1.7% |
| Financial charges65/66B | €698 | €584 | €2k | €2k | €2k | ▼ 12.4% |
| Recurring financial charges65 | €698 | €584 | €2k | €2k | €2k | ▼ 12.4% |
| Profit (loss) for the period before taxes9903 | €8k | €3k | €3k | €11k | €8k | ▼ 25.6% |
| Income taxes67/77 | €2k | €1k | €223 | €2k | €2k | ▼ 4.0% |
| Profit (loss) for the period9904 | €6k | €2k | €3k | €9k | €6k | ▼ 30.1% |
| Profit (loss) for the period to be appropriated9905 | €6k | €2k | €3k | €9k | €6k | ▼ 30.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €111k | €96k | €149k | €129k | €122k | ▼ 4.8% |
| Fixed assets21/28 | €32k | €25k | €75k | €55k | €43k | ▼ 22.9% |
| Tangible fixed assets22/27 | €31k | €23k | €74k | €54k | €41k | ▼ 23.6% |
| Plant, machinery and equipment23 | - | - | - | - | €2k | - |
| Furniture and vehicles24 | €31k | €23k | €74k | €54k | €40k | ▼ 26.4% |
| Financial fixed assets28 | €2k | €2k | €2k | €2k | €2k | = |
| Current assets29/58 | €79k | €71k | €74k | €73k | €80k | ▲ 9.0% |
| Amounts receivable within one year40/41 | €14k | €18k | €41k | €30k | €17k | ▼ 45.5% |
| Trade receivables40 | €11k | €17k | €36k | €30k | €15k | ▼ 48.3% |
| Other amounts receivable41 | €3k | €2k | €5k | €716 | €1k | ▲ 72.2% |
| Cash at bank and in hand54/58 | €62k | €53k | €32k | €42k | €49k | ▲ 17.3% |
| Deferred charges and accrued income490/1 | €3k | €0 | €381 | €998 | €14k | ▲ 1,324% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €111k | €96k | €149k | €129k | €122k | ▼ 4.8% |
| Equity10/15 | €83k | €84k | €86k | €94k | €99k | ▲ 5.6% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €76k | €78k | €80k | €87k | €93k | ▲ 6.0% |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Distributable reserves133 | €75k | €76k | €80k | €87k | €93k | ▲ 6.0% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €28k | €12k | €64k | €35k | €23k | ▼ 32.8% |
| Amounts payable after more than one year17 | €6k | €0 | €28k | €16k | €6k | ▼ 63.8% |
| Financial debts170/4 | €6k | €0 | €28k | €16k | €6k | ▼ 63.8% |
| Amounts payable within one year42/48 | €22k | €12k | €36k | €19k | €18k | ▼ 6.9% |
| Current portion of amounts payable after more than one year42 | €10k | €6k | €10k | €12k | €11k | ▼ 4.6% |
| Trade debts44 | €3k | €401 | €22k | €2k | €922 | ▼ 54.1% |
| Suppliers440/4 | €3k | €401 | €22k | €2k | €922 | ▼ 54.1% |
| Taxes, remuneration and social security45 | €5k | €3k | €2k | €2k | €2k | ▲ 23.1% |
| Taxes450/3 | €4k | €2k | €327 | €2k | €2k | ▲ 23.1% |
| Remuneration and social security454/9 | €1k | €1k | €1k | €0 | - | - |
| Other amounts payable47/48 | €5k | €2k | €2k | €4k | €4k | ▼ 2.0% |
| Accrued charges and deferred income492/3 | - | €5 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6k | €2k | €3k | €9k | €6k | ▼ 30.1% |
| + Depreciation and write-downs630 | €9k | €9k | €17k | €22k | €20k | ▼ 11.5% |
| Operating cash flow (approximation) | €15k | €11k | €20k | €31k | €26k | ▼ 16.7% |
| Investment in fixed assets (approximation) | - | €-2k | €-68k | €-3k | €-7k | ▼ 175% |
| Change in cash | - | €-9k | €-20k | €9k | €7k | ▼ 21.5% |
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
Next filing, fiscal year 2026, expected by
2026
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
12-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 12 days late
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
31-12
Financial
Weakest financial yearnet €2k ▼67.6%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
15-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Wervik · 1 establishment unit since 2016
Ground area
686 m²
Building footprint
118 m²
Volume, LiDAR
517 m³
Parcel 33009C1386/00D002, Flanders · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Maettrans
since 20162.254.165.578
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33009C1386/00D002 | Flanders | 686 m² | 1 · 118 m² | 6.8 m · 2 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.
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Of 12,585 companies in sector 49410 we hold annual accounts for 8,198. 6,340 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded23-06-2016
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
Scores and ratios are computed by Checked and are not a credit decision.