Financials
- Fiscal year
- 2025
- Total assets
- €14.5m
- Profit
- €106,521
- Solvency
- 2.1%
Total assets▲ 125%
Net result
20212025
MATCIEL
ActiveSummary
MATCIEL has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €302,026 and a net result of €106,521. Equity is growing by ~7.3% per year across the filed fiscal years. Its solvency ranks better than 23% of 15312 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Overview
What they do
Renting and operating of own or leased non-residential real estate, excluding land
NACE 68203
#3 company by total assets in Ninove, Real estate sector1 site
How big
€14.5mtotal assets 2025
- Equity
- €302,026
- Profit
- €106,521
Turnover not published (abridged schema)
Who decides
Accounts filed 31 d late0 of 1 deed read
Why 81- Liquidity: current ratio 0.02, cash €16,879- Latest accounts 31 days late; 1 of the last 3 late+ Sector Real estate activities (NACE 68)+ Size: total assets €14.5mShow the evidence
Checked score
Score 2025
81
/ 100
Excellent
Probability in this band: under 0.55%
Better than 36% of its sector peers (NACE 68, medium-sized)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency
27-1
equity 2.1% of total assets
Liquidity
10-29
short-term debt 74.5% · cash 0.1%
Profitability
34+6
return on assets 0.7%
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
- Liquidity: current ratio 0.02, cash €16,879 raises the probability
- Sector Real estate activities (NACE 68) lowers the probability
- Size: total assets €14.5m lowers the probability for this profile
- Latest accounts 31 days late; 1 of the last 3 late raises the probability
Credit up to €24,000 at 30 days acceptable
Liquidity short (current ratio 0.02 against 0.03 in 2024; short-term debt: 74.5% and cash: 0.1% of total assets), and 97.9% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 68, medium-sized). Better than this share of them on solvency 18%, liquidity 9%, profitability 30%, growth against the median 89%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 15312 sector peers (2025).
NBB · sector comparisonPosition among 15312 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 5 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
23 d late
2022
3 d late
2021
30 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 23 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed 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 29 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Back to profitnet €106,521
- Equity above €200,000Eq €302,026 ▲54.5%
Key points
By topic
Timeline
- Events
- 9
- Since
- 2022
- Next accounts
- by 31-07-2027
- 31-08-2026Annual accounts filed
- 31-12-2025Back to profit
- 31-12-2025Equity above €200,000
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Renting and operating of own or leased non-residential…NACE 68203
- Founded
- 28-04-2021
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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