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MATALA PROJECTS

Active
Private limited companyfounded 20187 yrs activePastoriestraat(Heu) 8, 8501 Kortrijk, BelgiumKBO/BCE: BE 0712.607.035
Summary

The computed 12-month bankruptcy probability of MATALA PROJECTS is 1.8% (moderate). The 2025 annual accounts show equity of €224,842 and a net result of €76,913. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability100▲+12
Solvency100▲+31
Growth78=
Track record100
Bankruptcy probability, 12 months
1.8% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €19,000 at 30 days acceptable
Liquidity ample (current ratio 5.9 against 3.11 in 2024; short-term debt: 16.9% and cash: 48.5% of total assets), and 17.6% of the assets are financed with debt.
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Signals

Five 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 7 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
82.4%
Return on assets
28.2%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
19202122232425
2019 to 2025 · latest year €224,842
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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 · 7 filings
Deviation from the deadline
2025
25 d late
2024
34 d early
2023
29 d late
2022
11 d early
2021
30 d late
2020
9 d early
2019
32 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 9 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 25 August (4 of the last 5 filed years within 36 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 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

MATALA PROJECTS was incorporated on 26 October 2018.1 Total assets fell from EUR 1.5 million in 2019 to EUR 272,816 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€224,842▲ 52.0%
2024 · €147,929
Total assets
€272,816▼ 19.2%
2024 · €337,826
Net result
€76,913▲ 50.8%
2024 · €50,992
Working capital
€226,592▲ 181%
2024 · €80,523
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-€17,277€66,024€5,446▼ 91.8%€73,525▲ 1,250%€106,982▲ 45.5%
Net result-€23,976€39,779-€10,029€50,992€76,913▲ 50.8%
Equity€67,187▼ 26.3%€106,966▲ 59.2%€96,937▼ 9.4%€147,929▲ 52.6%€224,842▲ 52.0%
Total assets€1.3m▲ 14.1%€763,881▼ 41.1%€427,291▼ 44.1%€337,826▼ 20.9%€272,816▼ 19.2%
Debt€1.2m▲ 17.7%€656,915▼ 46.6%€330,354▼ 49.7%€189,897▼ 42.5%€47,974▼ 74.7%
Working capital€32,461▼ 51.4%€61,613▲ 89.8%€40,703▼ 33.9%€80,523▲ 97.8%€226,592▲ 181%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€50,000€0€50,000€100,000Operating result 2021: -€17,277-€17,277Net result 2021: -€23,976-€23,976Operating result 2022: €66,024€66,024Net result 2022: €39,779€39,779Operating result 2023: €5,446€5,446Net result 2023: -€10,029-€10,029Operating result 2024: €73,525€73,525Net result 2024: €50,992€50,992Operating result 2025: €106,982€106,982Net result 2025: €76,913€76,91320212022202320242025-€50,000€0€50,000€100,000Operating result 2023: €5,446€5,450Net result 2023: -€10,029-€10,000Operating result 2024: €73,525€73,500Net result 2024: €50,992€51,000Operating result 2025: €106,982€107,000Net result 2025: €76,913€76,900202320242025
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 46% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €272,816
Equity €224,842 ▲ 52.0%
Debt €47,974 ▼ 74.7%
Debt's share of the balance-sheet total falls from 56.2% to 17.6%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€106,982▲
2024 · €78,525
Cash flow
€76,913▲
2024 · €55,992
Current ratio
5.90▲
2024 · 3.11
Quick ratio
4.84▲
2024 · 1.82
Debt to equity
0.21▼
2024 · 1.28
ROE
34.2%▼
2024 · 34.5%
ROA
28.2%▲
2024 · 15.1%
Interest coverage
48.94▲
2024 · 17.70
Debt ≤ 1 year
€46,224▲
2024 · €38,217
Debt > 1 year
€0▼
2024 · €149,930
Income taxes
€27,998▲
2024 · €18,098
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.5% went bankrupt
3.4% stopped otherwise
95% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.8% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 26,970 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 · 43 lines
Balance sheet Code20242025
Assets
Total assets20/58€337,826€272,816▼
Fixed assets21/28€219,086€0▼
Tangible fixed assets22/27€219,086€0▼
Land and buildings22€150,000€0▼
Other tangible fixed assets26€69,086€0▼
Current assets29/58€118,740€272,816▲
Stocks and contracts in progress3€49,000€49,000=
Stocks30/36€49,000€49,000=
Amounts receivable within one year40/41€41,604€91,604▲
Other amounts receivable41€41,604€91,604▲
Cash at bank and in hand54/58€28,135€132,212▲
Equity and liabilities
Total equity and liabilities10/49€337,826€272,816▼
Equity10/15€147,929€224,842▲
Contributions10/11€6,200€6,200=
Reserves13€141,729€218,642▲
Distributable reserves133€141,729€218,642▲
Amounts payable17/49€189,897€47,974▼
Amounts payable after more than one year17€149,930€0▼
Financial debts170/4€149,930€0▼
Amounts payable within one year42/48€38,217€46,224▲
Current portion of amounts payable after more than one year42€16,171€0▼
Trade debts44€3,947€128▼
Suppliers440/4€3,947€128▼
Taxes, remuneration and social security45€18,098€46,096▲
Taxes450/3€18,098€46,096▲
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€1,750€1,750=
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,000€0▼
Other operating charges640/8€3,352€1,582▼
Gross operating margin9900€81,877€108,564▲
Operating profit (loss)9901€73,525€106,982▲
Financial income75/76B-€115
Recurring financial income75-€115
Financial charges65/66B€4,435€2,186▼
Recurring financial charges65€4,435€2,186▼
Profit (loss) for the period before taxes9903€69,090€104,911▲
Income taxes67/77€18,098€27,998▲
Profit (loss) for the period9904€50,992€76,913▲
Profit (loss) for the period to be appropriated9905€50,992€76,913▲
Appropriation of the result
Profit (loss) to be appropriated9906€50,992€76,913▲
Transfer from equity791/2€0-
Transfer to equity691/2€50,992€76,913▲
To other reserves6921€50,992€76,913▲

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,000€5,000€5,000€5,000€0▼ 100%
Other operating charges640/8€9,405€4,902€2,174€3,352€1,582▼ 52.8%
Gross operating margin9900-€2,872€75,926€12,619€81,877€108,564▲ 32.6%
Operating profit (loss)9901-€17,277€66,024€5,446€73,525€106,982▲ 45.5%
Financial income75/76B€5,717€0--€115-
Recurring financial income75€5,717€0--€115-
Financial charges65/66B€12,415€16,914€15,474€4,435€2,186▼ 50.7%
Recurring financial charges65€12,415€16,914€15,474€4,435€2,186▼ 50.7%
Profit (loss) for the period before taxes9903-€23,976€49,110-€10,029€69,090€104,911▲ 51.8%
Income taxes67/77€0€9,331€0€18,098€27,998▲ 54.7%
Profit (loss) for the period9904-€23,976€39,779-€10,029€50,992€76,913▲ 50.8%
Profit (loss) for the period to be appropriated9905-€23,976€39,779-€10,029€50,992€76,913▲ 50.8%
Line20212022202320242025Change
Assets
Total assets20/58€1.3m€763,881€427,291€337,826€272,816▼ 19.2%
Fixed assets21/28€234,086€229,086€224,086€219,086€0▼ 100%
Tangible fixed assets22/27€234,086€229,086€224,086€219,086€0▼ 100%
Land and buildings22€150,000€150,000€150,000€150,000€0▼ 100%
Other tangible fixed assets26€84,086€79,086€74,086€69,086€0▼ 100%
Current assets29/58€1.1m€534,795€203,205€118,740€272,816▲ 130%
Stocks and contracts in progress3€1.0m€529,693€201,400€49,000€49,000=
Stocks30/36€1.0m€529,693€201,400€49,000€49,000=
Amounts receivable within one year40/41€0--€41,604€91,604▲ 120%
Other amounts receivable41€0--€41,604€91,604▲ 120%
Cash at bank and in hand54/58€14,619€4,851€1,805€28,135€132,212▲ 370%
Deferred charges and accrued income490/1-€251€0---
Equity and liabilities
Total equity and liabilities10/49€1.3m€763,881€427,291€337,826€272,816▼ 19.2%
Equity10/15€67,187€106,966€96,937€147,929€224,842▲ 52.0%
Contributions10/11€6,200€6,200€6,200€6,200€6,200=
Reserves13€60,987€100,766€90,737€141,729€218,642▲ 54.3%
Distributable reserves133€60,987€100,766€90,737€141,729€218,642▲ 54.3%
Amounts payable17/49€1.2m€656,915€330,354€189,897€47,974▼ 74.7%
Amounts payable after more than one year17€197,580€181,983€166,102€149,930€0▼ 100%
Financial debts170/4€197,580€181,983€166,102€149,930€0▼ 100%
Amounts payable within one year42/48€1.0m€473,182€162,502€38,217€46,224▲ 21.0%
Current portion of amounts payable after more than one year42€771,247€390,597€103,031€16,171€0▼ 100%
Trade debts44-€112€1,075€3,947€128▼ 96.8%
Suppliers440/4-€112€1,075€3,947€128▼ 96.8%
Taxes, remuneration and social security45€16,270€9,331€0€18,098€46,096▲ 155%
Taxes450/3€16,270€9,331€0€18,098€46,096▲ 155%
Other amounts payable47/48€243,627€73,142€58,396€0--
Accrued charges and deferred income492/3€1,779€1,750€1,750€1,750€1,750=
Line20212022202320242025Change
Profit (loss) for the period9904-€23,976€39,779-€10,029€50,992€76,913▲ 50.8%
+ Depreciation and write-downs630€5,000€5,000€5,000€5,000€0▼ 100%
Operating cash flow (approximation)-€18,976€44,779-€5,029€55,992€76,913▲ 37.4%
Investment in fixed assets (approximation)-€0€0€0€219,086-
Change in cash--€9,768-€3,046€26,330€104,076▲ 295%

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

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
25-08
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 25 days late
2025
31-12
Financial Equity above €200,000Eq €224,842 ▲52%
2 profitable years in a row build equity to €224,842.
27-06
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial Back to profitnet €50,992
Net result €50,992 after one loss-making year.
31-12
Financial Liquidity doublescurrent ratio 3.11
Current ratio from 1.25 to 3.11; short-term debt falls from €162,502 to €38,217.
31-12
Financial Equity above €100,000Eq €147,929 ▲52.6%
Equity rises from €96,937 to €147,929.
29-08
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
20-07
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial Back to profitnet €39,779
Net result €39,779 after one loss-making year.
31-12
Financial Equity above €100,000Eq €106,966 ▲59.2%
Equity rises from €67,187 to €106,966.
30-08
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
22-07
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial Back to profitnet €136,404
Net result €136,404 after one loss-making year.
01-09
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 32 days late
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, Kortrijk · 1 establishment unit since 2018
seat establishment The establishment unit on the map
Ground area
3,446 m²
Building footprint
1,780 m²
Volume, LiDAR
4,611 m³
2 parcels, Flanders · tallest building 15.1 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
MATALA PROJECTS
Jan Bouckaertstraat 2, 8790 WaregemReal estate development
since 20182.300.448.634
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34016C0105/00W000 Flanders 2,537 m² 1 · 1,351 m² 10.3 m
34452A0031/00G000 Flanders 909 m² 1 · 428 m² 15.1 m · 4 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Identification & contact

Identification
Legal formPrivate limited company
Founded26-10-2018
Fiscal year end31-12
Contact
E-mail dieter.duyvejonck@telenet.be
Phone 0491397458
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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Register as of 28 September 2026 · Peppol Directory

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