Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
The 2021 accounts came latest: 117 days after the end of the period.
Lower net result than 94% of companies in retail trade. Sector median €5,048 · 22,907 companies.
The dashed line is the sector median: 0.6% across 40,275 companies (NACE 47, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 47, micro). It does better than 13% of them on solvency, 6% on liquidity, 6% on profitability and 1% on growth.
The bankruptcy probability was computed on 09-11-2026 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 moderate class on 30-06-2025, 2.4% 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).
In July 2024, 6,008 companies had the same profile as MATABA has now. Each dot stands for 16 companies, two years later.
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MATABA itself: 2.7% within 12 months.
The method was tested on the 497,447 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.
| 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 6,008 companies, not a prediction for MATABA. 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.
Liquidity is insufficient, with a current ratio of 0.8 (0.99 in 2024), below 1. Short-term debt is 124.7% and cash 2.9% of total assets. Equity is negative.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 5 accounts on average 41 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| MATABA Ixelles | €180,615 | -19.5% | -24.7% | - |
| TLT LOGISTICS Genk | - | - | -38.2% | - |
| SINGH SAAB JEE Charleroi | €126,207 | -6.4% | -115.5% | - |
| SHREE Antwerp | - | - | 0.6% | - |
| YZOLAM Halle | - | - | -185.5% | - |
| AL NAKHIL Molenbeek-Saint-Jean | - | - | -10.5% | - |
| MADINA TRADING Anderlecht | - | - | 75.7% | - |
Grey: the largest companies of the sector (retail trade (NACE 47)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as MATABA: non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110). They are comparable in size and age: total assets between €98,200 and €199,000, founded between 2019 and 2021.
MATABA files the micro format. That format states no turnover. The gross margin fell from €80,556 in 2021 to -€2,945 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 15% of 22,924 companies in 2025.
Higher than 23% of 22,052 companies in 2025.
Higher than 10% of 22,202 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
150,419 | 145,284 | 101,028 | 75,586 | 19,319 | |
29/58 |
150,419 | 145,284 | 101,028 | 75,586 | 19,319 | |
3 |
88,830 | 88,830 | 61,830 | 61,830 | - | |
30/36 |
88,830 | 88,830 | 61,830 | 61,830 | - | |
40/41 |
57,278 | 52,646 | 32,511 | 9,692 | 17,060 | |
40 |
57,278 | 52,646 | 32,511 | 9,692 | 17,060 | |
54/58 |
4,311 | 3,807 | 6,687 | 4,064 | 2,259 | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
150,419 | 145,284 | 101,028 | 75,586 | 19,319 | |
10/15 |
-37,155 | -1,278 | 2,901 | -677 | -21,128 | |
10/11 |
2,000 | 2,000 | 2,000 | 2,000 | 2,000 | |
14 |
-39,155 | -3,278 | 901 | -2,677 | -23,128 | |
17/49 |
187,575 | 146,561 | 98,127 | 76,263 | 40,447 | |
42/48 |
187,575 | 146,561 | 98,127 | 76,263 | 40,447 | |
44 |
22,400 | 32,230 | 18,276 | 22,623 | 9,391 | |
440/4 |
22,400 | 32,230 | 18,276 | 22,623 | 9,391 | |
45 |
69,645 | 29,629 | 16,767 | 17,356 | 16,056 | |
450/3 |
3,166 | 3,129 | 2,667 | 3,256 | 1,956 | |
454/9 |
66,479 | 26,500 | 14,100 | 14,100 | 14,100 | |
47/48 |
95,529 | 84,703 | 63,084 | 36,285 | 15,000 | |
| Income statement | ||||||
70 |
180,615 | - | - | - | - | |
9900 |
-2,945 | 137,159 | 137,906 | 138,691 | 80,556 | |
60/61 |
183,561 | - | - | - | - | |
62 |
32,196 | - | - | - | - | |
640/8 |
100 | 141,338 | 134,328 | 118,240 | 103,684 | |
9901 |
-35,242 | -4,179 | 3,579 | 20,450 | -23,128 | |
65/66B |
636 | - | - | - | - | |
65 |
636 | - | - | - | - | |
9903 |
-35,877 | -4,179 | 3,579 | 20,450 | -23,128 | |
9904 |
-35,877 | -4,179 | 3,579 | 20,450 | -23,128 | |
9905 |
-35,877 | -4,179 | 3,579 | 20,450 | -23,128 | |
| Appropriation of the result | ||||||
9906 |
-39,155 | -3,278 | 901 | -2,677 | -23,128 | |
14P |
-3,278 | 901 | -2,677 | -23,128 | - | |
| Document | ||||||
The notes to these accounts have 1 item. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 02-08-2026.
2025 annual accounts filed 2 days after the deadline. Filed on 2 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00377666.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 02-08-2026 | 2026-00377666 | |
| 31-12-2024 | micro format | 31-07-2025 | 2025-00359524 | |
| 31-12-2023 | micro format | 29-08-2024 | 2024-00441519 | |
| 31-12-2022 | micro format | 25-09-2023 | 2023-00456186 | |
| 31-12-2021 | micro format | 25-11-2022 | 2022-20526352 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| 504 | -2,880 | 2,623 | 1,805 | - | ||
| -37,155 | -1,278 | 2,901 | -677 | -21,128 | ||
| -19.5% | - | - | - | - | ||
| -24.7% | -0.9% | 2.9% | -0.9% | -109.4% | ||
| 0.80 | 0.99 | 1.03 | 0.99 | 0.48 | ||
| 0.33 | 0.39 | 0.40 | 0.18 | 0.48 | ||
| - | - | 33.82 | - | - | ||
| - | - | 123.3% | - | - | ||
| -23.9% | -2.9% | 3.5% | 27.1% | -119.7% | ||
| 116 days | - | - | - | - | ||
| 45 days | - | - | - | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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.
The operating result for 2025 is a loss of €35,242, larger than the loss of €4,179 in 2024. It is the lowest result since 2021.
Equity is negative. Debt (€187,575) exceeds the balance-sheet total (€150,419).
MATABA has no parent and no holdings in its annual accounts.
| PAK STAR
establishment since 12-08-2016 · founded in 2003 |
total assets €176,091 (2025) 0479.982.526 |
| GLOIRE A DIEU
establishment since 16-12-2010 |
founded in 2001 0474.323.763 |
See the function holders in the KBO register.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Waverse Steenweg 42 registered office 1050 Ixelles | 02-10-2020 | 2.309.061.937 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21009A0795/00D000 | 796 m² | 1 · 173 m² | 17.4 m · 2 |
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