Summary
MATAN is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €8,060 and a net result of €81,877. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 11% of 8094 sector peers (fiscal year 2025). The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 8094 sector peers (2025).
NBB · sector comparisonPosition among 8094 sector peers
Solvency
better than 11%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-03-2026, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
34 d early
2024
22 d early
2023
35 d early
2022
33 d early
2021
32 d early
2020
32 d early
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 31 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 28 March (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€8,060=
2024 · €8,060
Net result
€81,877▼ 53.5%
2024 · €176,129
Total assets
€205,183▼ 14.9%
2024 · €241,034
Solvency
3.9%▲ 0.6pp
2024 · 3.3%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€133,156▲ 3.1%€124,779▼ 6.3%€207,051▲ 65.9%€233,720▲ 12.9%€116,328▼ 50.2%
Net result€100,264above the sector's middle half▲ 12.0%€92,078above the sector's middle half▼ 8.2%€158,332above the sector's middle half▲ 72.0%€176,129above the sector's middle half▲ 11.2%€81,877within the sector's middle half▼ 53.5%
Equity€8,060below the sector's middle half▼ 23.8%€8,060below the sector's middle half=€8,060below the sector's middle half=€8,060below the sector's middle half=€8,060below the sector's middle half=
Total assets€70,443below the sector's middle half▼ 5.1%€54,965below the sector's middle half▼ 22.0%€108,952below the sector's middle half▲ 98.2%€241,034within the sector's middle half▲ 121%€205,183within the sector's middle half▼ 14.9%
Debt€62,383▼ 2.0%€46,905▼ 24.8%€100,892▲ 115%€232,974▲ 131%€197,123▼ 15.4%
Working capital-€23,387within the sector's middle half▼ 1.4%-€20,989within the sector's middle half▲ 10.3%-€21,845within the sector's middle half▼ 4.1%-€85,343below the sector's middle half▼ 291%-€79,405below the sector's middle half▲ 7.0%
Solvency11.4%below the sector's middle half▼ 2.8pp14.7%below the sector's middle half▲ 3.2pp7.4%below the sector's middle half▼ 7.3pp3.3%below the sector's middle half▼ 4.1pp3.9%below the sector's middle half▲ 0.6pp
Current ratio0.61below the sector's middle half▼ 0.010.53below the sector's middle half▼ 0.080.78within the sector's middle half▲ 0.250.47below the sector's middle half▼ 0.310.48below the sector's middle half▲ 0.01
Return on assets (ROA)142.3%above the sector's middle half▲ 21.7pp167.5%above the sector's middle half▲ 25.2pp145.3%above the sector's middle half▼ 22.2pp73.1%above the sector's middle half▼ 72.2pp39.9%above the sector's middle half▼ 33.2pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
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 50% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €205,183
Fixed assets
€132,847 ▼ 20.1%
Current assets
€72,336 ▼ 3.3%
Equity and liabilities €205,183
Equity
€8,060 =
Debt
€197,123 ▼ 15.4%
Debt's share of the balance-sheet total falls from 96.7% to 96.1%. Debt is lower.
Key figures and ratios
Debt ≤ 1 year
€151,740▼
2024 · €160,121
Debt > 1 year
€43,382▼
2024 · €70,853
Income taxes
€29,483▼
2024 · €53,536
A ratio outside any meaningful range has been withheld (balance sheet total €205,183, equity €8,060).
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 | - | - | - | €4,332 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,246 | €3,798 | €3,855 | €22,545 | €33,410 | ▲ 48.2% |
| Other operating charges640/8 | - | €329 | €615 | €1,301 | €1,775 | ▲ 36.4% |
| Gross operating margin9900 | €137,969 | €128,905 | €211,521 | €257,566 | €151,513 | ▼ 41.2% |
| Operating profit (loss)9901 | €133,156 | €124,779 | €207,051 | €233,720 | €116,328 | ▼ 50.2% |
| Financial income75/76B | - | - | - | €1 | €11 | ▲ 746% |
| Recurring financial income75 | €0 | - | - | €1 | €11 | ▲ 746% |
| Financial charges65/66B | - | €964 | €1,232 | €4,057 | €4,980 | ▲ 22.8% |
| Recurring financial charges65 | €930 | €964 | €1,232 | €4,057 | €4,980 | ▲ 22.8% |
| Profit (loss) for the period before taxes9903 | €132,226 | €123,814 | €205,819 | €229,664 | €111,360 | ▼ 51.5% |
| Income taxes67/77 | €31,962 | €31,736 | €47,488 | €53,536 | €29,483 | ▼ 44.9% |
| Profit (loss) for the period9904 | €100,264 | €92,078 | €158,332 | €176,129 | €81,877 | ▼ 53.5% |
| Profit (loss) for the period to be appropriated9905 | €100,264 | €92,078 | €158,332 | €176,129 | €81,877 | ▼ 53.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €70,443 | €54,965 | €108,952 | €241,034 | €205,183 | ▼ 14.9% |
| Fixed assets21/28 | €33,447 | €31,049 | €31,905 | €166,257 | €132,847 | ▼ 20.1% |
| Tangible fixed assets22/27 | €11,447 | €9,049 | €9,905 | €144,257 | €110,847 | ▼ 23.2% |
| Furniture and vehicles24 | - | €3,602 | €6,976 | €139,002 | €107,028 | ▼ 23.0% |
| Other tangible fixed assets26 | - | €5,447 | €2,929 | €5,254 | €3,819 | ▼ 27.3% |
| Financial fixed assets28 | €22,000 | €22,000 | €22,000 | €22,000 | €22,000 | = |
| Current assets29/58 | €36,996 | €23,915 | €77,047 | €74,777 | €72,336 | ▼ 3.3% |
| Amounts receivable within one year40/41 | €8,038 | €8,264 | €11,951 | €24,699 | €28,518 | ▲ 15.5% |
| Trade receivables40 | - | - | €9,393 | €18,634 | - | - |
| Other amounts receivable41 | - | €8,264 | €2,558 | €6,065 | €28,518 | ▲ 370% |
| Cash at bank and in hand54/58 | €28,017 | €14,535 | €63,942 | €48,379 | €42,154 | ▼ 12.9% |
| Deferred charges and accrued income490/1 | - | €1,117 | €1,154 | €1,700 | €1,664 | ▼ 2.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €70,443 | €54,965 | €108,952 | €241,034 | €205,183 | ▼ 14.9% |
| Equity10/15 | €8,060 | €8,060 | €8,060 | €8,060 | €8,060 | = |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €3,001 | - | - | - | - | - |
| Amounts payable17/49 | €62,383 | €46,905 | €100,892 | €232,974 | €197,123 | ▼ 15.4% |
| Amounts payable after more than one year17 | - | - | - | €70,853 | €43,382 | ▼ 38.8% |
| Advances received on contracts in progress176 | - | - | - | €70,853 | €43,382 | ▼ 38.8% |
| Amounts payable within one year42/48 | €60,383 | €44,905 | €98,892 | €160,121 | €151,740 | ▼ 5.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €26,365 | €27,471 | ▲ 4.2% |
| Trade debts44 | €2,644 | €1,488 | €887 | €1,195 | €3,770 | ▲ 215% |
| Suppliers440/4 | - | €1,488 | €887 | €1,195 | €3,770 | ▲ 215% |
| Advances received on contracts in progress46 | - | - | €2,000 | - | - | - |
| Taxes, remuneration and social security45 | - | €39,753 | €65,956 | €68,529 | €38,633 | ▼ 43.6% |
| Taxes450/3 | - | €39,753 | €65,956 | €68,529 | €38,633 | ▼ 43.6% |
| Other amounts payable47/48 | - | €3,663 | €30,050 | €64,031 | €81,867 | ▲ 27.9% |
| Accrued charges and deferred income492/3 | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €100,264 | €92,078 | €158,332 | €176,129 | €81,877 | ▼ 53.5% |
| + Depreciation and write-downs630 | €4,246 | €3,798 | €3,855 | €22,545 | €33,410 | ▲ 48.2% |
| Operating cash flow (approximation) | €104,510 | €95,875 | €162,186 | €198,674 | €115,287 | ▼ 42.0% |
| Investment in fixed assets (approximation) | - | -€1,400 | -€4,711 | -€156,897 | €0 | ▲ 100% |
| Change in cash | - | -€13,482 | €49,407 | -€15,563 | -€6,225 | ▲ 60.0% |
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
27-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
08-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2018net €176,129 ▲11.2%
Operating result €233,720, net result €176,129, both a record.
26-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
21-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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
1 act for this company is 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, Waasmunster · 1 establishment unit since 2004
Ground area
1,427 m²
Building footprint
214 m²
Volume, LiDAR
1,254 m³
Parcel 42023B0785/00K000, Flanders · tallest building 17.4 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Matan
since 20042.136.990.469
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42023B0785/00K000 | Flanders | 1,427 m² | 1 · 214 m² | 17.4 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 30-09-2025 list no shareholders, and no other source names one.
Holdings 1
-
24.83%
According to the annual accounts to 30-09-2025 of MATAN and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,800. 4,386 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 (pre-2019)
Founded01-04-2004
Fiscal year end30-09
Activities, NACEBEL 2025
64210Activities of holding companies
73300Public relations and communication consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0864477163
Also
9925:BE0864477163
Registered
20-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.