MATARO ADVICE
ActiveSummary
MATARO ADVICE has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.09M and a net result of €414k. Equity is growing by ~24.6% per year across the filed fiscal years. Its solvency ranks better than 30% of 8048 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability55▼-14
Solvency50▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity tight (current ratio 1.21 against 1.24 in 2024; short-term debt: 52.5% and cash: 1.7% of total assets), and 74.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% 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
25.2%
Return on assets
5%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-10-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
1 d early
2023
1 d early
2022
3 d early
2021
27 d early
2020
9 d early
2019
24 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 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.09M▲ 29.8%
2024 · €1.61M
2019: €291klowest in 7 years
2020: €503k▲ +72.7% vs 2019
2021: €978k▲ +94.6% vs 2020
2022: €1.13M▲ +15.8% vs 2021
2023: €1.33M▲ +17.6% vs 2022
2024: €1.61M▲ +21.0% vs 2023
2025: €2.09M▲ +29.8% vs 2024highest in 7 years
2019 → 2025
Total assets
€8.31M▲ 44.9%
2024 · €5.74M
2019: €1.55Mlowest in 7 years
2020: €2.18M▲ +40.5% vs 2019
2021: €2.75M▲ +26.6% vs 2020
2022: €4.03M▲ +46.4% vs 2021
2023: €3.69M▼ -8.4% vs 2022
2024: €5.74M▲ +55.5% vs 2023
2025: €8.31M▲ +44.9% vs 2024highest in 7 years
2019 → 2025
Net result
€414k▲ 48.2%
2024 · €279k
2019: €77klowest in 7 years
2020: €223k▲ +190% vs 2019
2021: €484k▲ +117% vs 2020highest in 7 years
2022: €154k▼ -68.2% vs 2021
2023: €210k▲ +36.6% vs 2022
2024: €279k▲ +32.7% vs 2023
2025: €414k▲ +48.2% vs 2024
2019 → 2025
Working capital
€896k▼ 7.3%
2024 · €966k
2019: €544klowest in 7 years
2020: €687k▲ +26.1% vs 2019
2021: €778k▲ +13.2% vs 2020
2022: €1.29M▲ +65.8% vs 2021highest in 7 years
2023: €1.05M▼ -18.5% vs 2022
2024: €966k▼ -8.1% vs 2023
2025: €896k▼ -7.3% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€978k-€1.13M▲ 15.8%€1.33M▲ 17.6%€1.61M▲ 21.0%€2.09M▲ 29.8%
2021: €978klowest in 5 years
2022: €1.13M▲ +15.8% vs 2021
2023: €1.33M▲ +17.6% vs 2022
2024: €1.61M▲ +21.0% vs 2023
2025: €2.09M▲ +29.8% vs 2024highest in 5 years
Operating result€714k-€219k▼ 69.3%€304k▲ 38.8%€400k▲ 31.5%€694k▲ 73.4%
2021: €714khighest in 5 years
2022: €219k▼ -69.3% vs 2021lowest in 5 years
2023: €304k▲ +38.8% vs 2022
2024: €400k▲ +31.5% vs 2023
2025: €694k▲ +73.4% vs 2024
Net result€484k-€154k▼ 68.2%€210k▲ 36.6%€279k▲ 32.7%€414k▲ 48.2%
2021: €484khighest in 5 years
2022: €154k▼ -68.2% vs 2021lowest in 5 years
2023: €210k▲ +36.6% vs 2022
2024: €279k▲ +32.7% vs 2023
2025: €414k▲ +48.2% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 73% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.31M
Fixed assets
€3.06M ▲ 296%
Current assets
€5.26M ▲ 5.9%
Equity and liabilities €8.31M
Equity
€2.09M ▲ 29.8%
Debt
€6.22M ▲ 50.7%
Debt's share of the balance-sheet total rises from 71.9% to 74.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€810k▲
2024 · €496k
Cash flow
€531k▲
2024 · €376k
Current ratio
1.21▼
2024 · 1.24
Quick ratio
1.20▼
2024 · 1.21
Debt to equity
2.98▲
2024 · 2.56
ROE
19.8%▲
2024 · 17.3%
ROA
5.0%▲
2024 · 4.9%
Interest coverage
3.58▼
2024 · 5.29
Debt ≤ 1 year
€4.36M▲
2024 · €4.00M
Debt > 1 year
€1.84M▲
2024 · €117k
Income taxes
€126k▲
2024 · €111k
Staff costs
€529k▲
2024 · €341k
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 · 2025 against 2024 · 64 lines
Balance sheet
Code20242025
Assets
Total assets20/58€5.74M€8.31M▲
Fixed assets21/28€773k€3.06M▲
Tangible fixed assets22/27€773k€896k▲
Furniture and vehicles24€11k€8k▼
Other tangible fixed assets26€762k€888k▲
Financial fixed assets28-€2.16M
Current assets29/58€4.97M€5.26M▲
Amounts receivable after more than one year29-€40k
Other amounts receivable291-€40k
Stocks and contracts in progress3€115k€5k▼
Stocks30/36€115k€5k▼
Amounts receivable within one year40/41€4.33M€5.01M▲
Trade receivables40€4.15M€4.91M▲
Other amounts receivable41€178k€100k▼
Current investments50/53€49k€50k▲
Cash at bank and in hand54/58€464k€138k▼
Deferred charges and accrued income490/1€8k€13k▲
Equity and liabilities
Total equity and liabilities10/49€5.74M€8.31M▲
Equity10/15€1.61M€2.09M▲
Contributions10/11€19k€19k=
Reserves13€1.59M€2.01M▲
Tax-exempt reserves132-€126k
Distributable reserves133€1.59M€1.88M▲
Profit (loss) carried forward14€0-
Investment grants15-€66k
Amounts payable17/49€4.13M€6.22M▲
Amounts payable after more than one year17€117k€1.84M▲
Financial debts170/4€110k€1.82M▲
Other amounts payable178/9€7k€22k▲
Amounts payable within one year42/48€4.00M€4.36M▲
Current portion of amounts payable after more than one year42€59k€242k▲
Financial debts43€792k€872k▲
Credit institutions430/8€792k€872k▲
Other loans439-€16
Trade debts44€2.03M€2.09M▲
Suppliers440/4€2.03M€2.09M▲
Advances received on contracts in progress46€197k€392k▲
Taxes, remuneration and social security45€161k€130k▼
Taxes450/3€105k€71k▼
Remuneration and social security454/9€56k€60k▲
Other amounts payable47/48€763k€631k▼
Accrued charges and deferred income492/3€11k€22k▲
Income statement
Code20242025
Remuneration, social security and pensions62€341k€529k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€96k€116k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€66k€2k▼
Other operating charges640/8€7k€9k▲
Non-recurring operating charges66A-€3k
Gross operating margin9900€909k€1.35M▲
Operating profit (loss)9901€400k€694k▲
Financial income75/76B€85k€73k▼
Recurring financial income75€85k€73k▼
Financial charges65/66B€94k€226k▲
Recurring financial charges65€94k€226k▲
Profit (loss) for the period before taxes9903€391k€541k▲
Income taxes67/77€111k€126k▲
Profit (loss) for the period9904€279k€414k▲
Transfer to tax-exempt reserves689-€126k
Profit (loss) for the period to be appropriated9905€279k€288k▲
Appropriation of the result
Profit (loss) to be appropriated9906€279k€288k▲
Transfer to equity691/2€279k€288k▲
To other reserves6921€279k€288k▲
Profit to be distributed694/7€0-
Other beneficiaries697€0-
Social balance
Average headcount (FTE)90875.89.3▲
The notes to these accounts (24 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €341k | €325k | €341k | €529k | ▲ 55.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29k | €42k | €66k | €96k | €116k | ▲ 21.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €110k | €0 | €66k | €2k | ▼ 96.7% |
| Other operating charges640/8 | - | €2k | €5k | €7k | €9k | ▲ 36.5% |
| Non-recurring operating charges66A | - | - | - | - | €3k | - |
| Gross operating margin9900 | €1.11M | €713k | €700k | €909k | €1.35M | ▲ 48.8% |
| Operating profit (loss)9901 | €714k | €219k | €304k | €400k | €694k | ▲ 73.4% |
| Financial income75/76B | - | €46k | €24k | €85k | €73k | ▼ 13.5% |
| Recurring financial income75 | €9k | €46k | €24k | €85k | €73k | ▼ 13.5% |
| Financial charges65/66B | - | €37k | €52k | €94k | €226k | ▲ 141% |
| Recurring financial charges65 | €26k | €37k | €52k | €94k | €226k | ▲ 141% |
| Profit (loss) for the period before taxes9903 | €697k | €228k | €276k | €391k | €541k | ▲ 38.3% |
| Income taxes67/77 | €213k | €74k | €66k | €111k | €126k | ▲ 13.5% |
| Profit (loss) for the period9904 | €484k | €154k | €210k | €279k | €414k | ▲ 48.2% |
| Transfer to tax-exempt reserves689 | - | - | - | - | €126k | - |
| Profit (loss) for the period to be appropriated9905 | €484k | €154k | €210k | €279k | €288k | ▲ 3.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.75M | €4.03M | €3.69M | €5.74M | €8.31M | ▲ 44.9% |
| Fixed assets21/28 | €271k | €260k | €667k | €773k | €3.06M | ▲ 296% |
| Intangible fixed assets21 | €6k | €3k | €0 | - | - | - |
| Tangible fixed assets22/27 | €265k | €257k | €667k | €773k | €896k | ▲ 15.9% |
| Furniture and vehicles24 | - | €21k | €18k | €11k | €8k | ▼ 26.7% |
| Other tangible fixed assets26 | - | €237k | €649k | €762k | €888k | ▲ 16.5% |
| Financial fixed assets28 | - | - | - | - | €2.16M | - |
| Current assets29/58 | €2.48M | €3.77M | €3.02M | €4.97M | €5.26M | ▲ 5.9% |
| Amounts receivable after more than one year29 | - | - | - | - | €40k | - |
| Other amounts receivable291 | - | - | - | - | €40k | - |
| Stocks and contracts in progress3 | - | - | - | €115k | €5k | ▼ 95.4% |
| Stocks30/36 | - | - | - | €115k | €5k | ▼ 95.4% |
| Amounts receivable within one year40/41 | €2.31M | €3.56M | €2.52M | €4.33M | €5.01M | ▲ 15.7% |
| Trade receivables40 | - | €3.31M | €2.37M | €4.15M | €4.91M | ▲ 18.3% |
| Other amounts receivable41 | - | €243k | €141k | €178k | €100k | ▼ 43.9% |
| Current investments50/53 | - | €7k | €49k | €49k | €50k | ▲ 1.0% |
| Cash at bank and in hand54/58 | €164k | €201k | €455k | €464k | €138k | ▼ 70.3% |
| Deferred charges and accrued income490/1 | - | €5k | €3k | €8k | €13k | ▲ 61.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.75M | €4.03M | €3.69M | €5.74M | €8.31M | ▲ 44.9% |
| Equity10/15 | €978k | €1.13M | €1.33M | €1.61M | €2.09M | ▲ 29.8% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €959k | €1.11M | €1.31M | €1.59M | €2.01M | ▲ 26.0% |
| Tax-exempt reserves132 | - | - | - | - | €126k | - |
| Distributable reserves133 | - | €1.11M | €1.31M | €1.59M | €1.88M | ▲ 18.1% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | - | - |
| Investment grants15 | - | - | - | - | €66k | - |
| Amounts payable17/49 | €1.78M | €2.90M | €2.36M | €4.13M | €6.22M | ▲ 50.7% |
| Amounts payable after more than one year17 | €62k | €400k | €358k | €117k | €1.84M | ▲ 1,475% |
| Financial debts170/4 | - | €398k | €356k | €110k | €1.82M | ▲ 1,556% |
| Other amounts payable178/9 | - | €2k | €2k | €7k | €22k | ▲ 213% |
| Amounts payable within one year42/48 | €1.70M | €2.48M | €1.97M | €4.00M | €4.36M | ▲ 9.0% |
| Current portion of amounts payable after more than one year42 | - | €117k | €151k | €59k | €242k | ▲ 312% |
| Financial debts43 | - | €831k | €363k | €792k | €872k | ▲ 10.0% |
| Credit institutions430/8 | - | €831k | €363k | €792k | €872k | ▲ 10.0% |
| Other loans439 | - | - | - | - | €16 | - |
| Trade debts44 | €984k | €1.24M | €849k | €2.03M | €2.09M | ▲ 3.3% |
| Suppliers440/4 | - | €1.24M | €849k | €2.03M | €2.09M | ▲ 3.3% |
| Advances received on contracts in progress46 | - | €167k | €92k | €197k | €392k | ▲ 98.5% |
| Taxes, remuneration and social security45 | - | €45k | €44k | €161k | €130k | ▼ 19.0% |
| Taxes450/3 | - | €0 | €657 | €105k | €71k | ▼ 32.7% |
| Remuneration and social security454/9 | - | €45k | €43k | €56k | €60k | ▲ 7.2% |
| Other amounts payable47/48 | - | €79k | €474k | €763k | €631k | ▼ 17.3% |
| Accrued charges and deferred income492/3 | - | €17k | €28k | €11k | €22k | ▲ 93.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €484k | €154k | €210k | €279k | €414k | ▲ 48.2% |
| + Depreciation and write-downs630 | €29k | €42k | €66k | €96k | €116k | ▲ 21.1% |
| Operating cash flow (approximation) | €513k | €196k | €276k | €376k | €531k | ▲ 41.3% |
| Investment in fixed assets (approximation) | - | €-31k | €-473k | €-202k | €-2.40M | ▼ 1,086% |
| Change in cash | - | €36k | €254k | €9k | €-326k | ▼ 3,805% |
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
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Equity above €2MEq €2.09M ▲29.8%
7 profitable years in a row build equity to €2.09M.
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-03
Financial
Equity above €1MEq €1.13M ▲15.8%
4 profitable years in a row build equity to €1.13M.
2021
04-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
31-03
Financial
Highest result since 2019net €484k ▲117%
Operating result €714k, net result €484k, both a record.
2020
22-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
31-03
Financial
Equity above €500kEq €503k ▲72.7%
2 profitable years in a row build equity to €503k.
2019
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
30-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
02-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
03-10
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 8 acts read
About the unread acts
We know of 8 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
8 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, Vorst · 1 establishment unit since 2009
Ground area
166 m²
Building footprint
131 m²
Volume, LiDAR
1,651 m³
Parcel 21007A0029/00B010, Brussels · tallest building 17.4 m, ±5 floors. Linked by address, not a title deed.
36
companies at this address
See who is registered here
1 establishment unit
SquareNuts
since 20092.182.889.285
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21007A0029/00B010 | Brussels | 166 m² | 1 · 131 m² | 17.4 m · 5 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.
Recognitions · licences · registrations
Legal Entity Identifier
549300Y4W242XZ8SH731
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Of 1,565 companies in sector 46900 we hold annual accounts for 920. 523 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
Founded17-06-2009
Fiscal year end31-03
Activities, NACEBEL 2025
46649Wholesale of other machinery and equipment
46900Non-specialised wholesale trade
82100Office administrative and support services
Scores and ratios are computed by Checked and are not a credit decision.