MAT-GAB
Open bankruptcyA bankruptcy procedure is open for MAT-GAB according to publications in the Belgian State Gazette; curator: RONNY CEUSTERS.
Summary
The 2022 annual accounts show equity of €115k and a net result of €92k.
Signals
Two signals.
+raises risk
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Equity
€115k▲ 392%
2021 · €23k
2021: €23k
2022: €115k▲ +392% vs 2021
2021 → 2022
Total assets
€433k▲ 47.9%
2021 · €292k
2021: €292k
2022: €433k▲ +47.9% vs 2021
2021 → 2022
Net result
€92k▲ 399%
2021 · €18k
2021: €18k
2022: €92k▲ +399% vs 2021
2021 → 2022
Working capital
€88k▲ 415%
2021 · €17k
2021: €17k
2022: €88k▲ +415% vs 2021
2021 → 2022
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022Trend
Equity€23k-€115k▲ 392%
2021: €23k
2022: €115k▲ +392% vs 2021
Operating result€30k-€119k▲ 289%
2021: €30k
2022: €119k▲ +289% vs 2021
Net result€18k-€92k▲ 399%
2021: €18k
2022: €92k▲ +399% vs 2021
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2022; 2022 is 289% above 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €433k
Fixed assets
€164k ▲ 959%
Current assets
€269k ▼ 3.0%
Equity and liabilities €433k
Equity
€115k ▲ 392%
Debt
€318k ▲ 18.0%
Debt's share of the balance-sheet total falls from 92.0% to 73.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€130k▲
2021 · €33k
Cash flow
€103k▲
2021 · €20k
Current ratio
1.49▲
2021 · 1.07
Quick ratio
1.33▲
2021 · 0.77
Debt to equity
2.76▼
2021 · 11.51
ROE
79.7%▲
2021 · 78.6%
ROA
21.2%▲
2021 · 6.3%
Interest coverage
17.98▲
2021 · 9.79
Debt ≤ 1 year
€180k▼
2021 · €260k
Debt > 1 year
€137k
Income taxes
€16k▲
2021 · €4k
Staff costs
€93k▲
2021 · €49k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2022 against 2021 · 46 lines
Balance sheet
Code20212022
Assets
Total assets20/58€292k€433k▲
Fixed assets21/28€15k€164k▲
Tangible fixed assets22/27€15k€164k▲
Land and buildings22-€152k
Plant, machinery and equipment23€15k€12k▼
Current assets29/58€277k€269k▼
Stocks and contracts in progress3€76k€28k▼
Stocks30/36€76k€28k▼
Amounts receivable within one year40/41€199k€238k▲
Trade receivables40€123k€31k▼
Other amounts receivable41€76k€207k▲
Cash at bank and in hand54/58€36€3k▲
Deferred charges and accrued income490/1€2k-
Equity and liabilities
Total equity and liabilities10/49€292k€433k▲
Equity10/15€23k€115k▲
Contributions10/11€5k€5k=
Reserves13€18k€110k▲
Distributable reserves133€18k€110k▲
Amounts payable17/49€269k€318k▲
Amounts payable after more than one year17-€137k
Financial debts170/4-€137k
Amounts payable within one year42/48€260k€180k▼
Current portion of amounts payable after more than one year42€22k€7k▼
Trade debts44€87k€87k▼
Suppliers440/4€87k€87k▼
Taxes, remuneration and social security45€57k€66k▲
Taxes450/3€57k€66k▲
Other amounts payable47/48€93k€19k▼
Accrued charges and deferred income492/3€9k-
Income statement
Code20212022
Remuneration, social security and pensions62€49k€93k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€12k▲
Other operating charges640/8€3k€31k▲
Gross operating margin9900€84k€254k▲
Operating profit (loss)9901€30k€119k▲
Financial income75/76B€196€2▼
Recurring financial income75€196€2▼
Financial charges65/66B€8k€11k▲
Recurring financial charges65€3k€7k▲
Non-recurring financial charges66B€5k€4k▼
Profit (loss) for the period before taxes9903€23k€108k▲
Income taxes67/77€4k€16k▲
Profit (loss) for the period9904€18k€92k▲
Profit (loss) for the period to be appropriated9905€18k€92k▲
Appropriation of the result
Profit (loss) to be appropriated9906€18k€92k▲
Transfer to equity691/2€18k€92k▲
To other reserves6921€18k€92k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €49k | €93k | ▲ 88.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €12k | ▲ 456% |
| Other operating charges640/8 | €3k | €31k | ▲ 1,029% |
| Gross operating margin9900 | €84k | €254k | ▲ 200% |
| Operating profit (loss)9901 | €30k | €119k | ▲ 289% |
| Financial income75/76B | €196 | €2 | ▼ 99.1% |
| Recurring financial income75 | €196 | €2 | ▼ 99.1% |
| Financial charges65/66B | €8k | €11k | ▲ 35.6% |
| Recurring financial charges65 | €3k | €7k | ▲ 118% |
| Non-recurring financial charges66B | €5k | €4k | ▼ 22.7% |
| Profit (loss) for the period before taxes9903 | €23k | €108k | ▲ 375% |
| Income taxes67/77 | €4k | €16k | ▲ 275% |
| Profit (loss) for the period9904 | €18k | €92k | ▲ 399% |
| Profit (loss) for the period to be appropriated9905 | €18k | €92k | ▲ 399% |
| Line | 2021 | 2022 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €292k | €433k | ▲ 47.9% |
| Fixed assets21/28 | €15k | €164k | ▲ 959% |
| Tangible fixed assets22/27 | €15k | €164k | ▲ 959% |
| Land and buildings22 | - | €152k | - |
| Plant, machinery and equipment23 | €15k | €12k | ▼ 22.7% |
| Current assets29/58 | €277k | €269k | ▼ 3.0% |
| Stocks and contracts in progress3 | €76k | €28k | ▼ 63.2% |
| Stocks30/36 | €76k | €28k | ▼ 63.2% |
| Amounts receivable within one year40/41 | €199k | €238k | ▲ 19.7% |
| Trade receivables40 | €123k | €31k | ▼ 74.8% |
| Other amounts receivable41 | €76k | €207k | ▲ 173% |
| Cash at bank and in hand54/58 | €36 | €3k | ▲ 6,875% |
| Deferred charges and accrued income490/1 | €2k | - | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €292k | €433k | ▲ 47.9% |
| Equity10/15 | €23k | €115k | ▲ 392% |
| Contributions10/11 | €5k | €5k | = |
| Reserves13 | €18k | €110k | ▲ 499% |
| Distributable reserves133 | €18k | €110k | ▲ 499% |
| Amounts payable17/49 | €269k | €318k | ▲ 18.0% |
| Amounts payable after more than one year17 | - | €137k | - |
| Financial debts170/4 | - | €137k | - |
| Amounts payable within one year42/48 | €260k | €180k | ▼ 30.6% |
| Current portion of amounts payable after more than one year42 | €22k | €7k | ▼ 67.0% |
| Trade debts44 | €87k | €87k | ▼ 0.1% |
| Suppliers440/4 | €87k | €87k | ▼ 0.1% |
| Taxes, remuneration and social security45 | €57k | €66k | ▲ 16.1% |
| Taxes450/3 | €57k | €66k | ▲ 16.1% |
| Other amounts payable47/48 | €93k | €19k | ▼ 79.5% |
| Accrued charges and deferred income492/3 | €9k | - | - |
| Line | 2021 | 2022 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €18k | €92k | ▲ 399% |
| + Depreciation and write-downs630 | €2k | €12k | ▲ 456% |
| Operating cash flow (approximation) | €20k | €103k | ▲ 405% |
| Investment in fixed assets (approximation) | - | €-160k | - |
| Change in cash | - | €3k | - |
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
2024
21-10
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · event 15-10-2024
2023
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 225 days late
2022
21-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 386 days late
31-03
Financial
Equity above €100kEq €115k ▲392%
2 profitable years in a row build equity to €115k.
SignalFinancial 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, Turnhout · 1 establishment unit since 2020
Ground area
663 m²
Building footprint
663 m²
Volume, LiDAR
7,691 m³
Parcel 13453T0371/00L000, Flanders · tallest building 17.2 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Sami-Swoi
since 20202.299.244.448
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13453T0371/00L000 | Flanders | 663 m² | 1 · 663 m² | 17.2 m · 4 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | RONNY CEUSTERS GEMEENTESTRAAT 4 BUS 6,
2300 TURNHOUT |
15-10-2024 → present |
Recognitions · licences · registrations
Food safety, FASFC
1 siteTurnhout2.299.244.448
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,420. 6,200 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
Founded06-02-2020
Fiscal year end31-03
Activities, NACEBEL 2025
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.