MATco

Active

Private limited companyfounded 20178 yrs activeLegen Heirweg 7, 9890 Gavere, BelgiumKBO/BCE: BE 0685.581.449

MATco has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €89k and a net result of €1k. Equity is growing by ~16.2% per year across the filed fiscal years. Its solvency ranks better than 19% of 7760 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).

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Checked score

Score 2025

57 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability69▼-1

Solvency43▲+2

Growth78=

Track record100

Bankruptcy probability, 12 months

1.0% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €5k at 30 days acceptable

Liquidity short (current ratio 0.83 against 1.0 in 2024; short-term debt: 52.2% and cash: 12% of total assets), and 82.2% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

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

17.8%

Return on assets

0.2%

Age of the figures

9 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 7760 sector peers (2025).

NBB · sector comparison

Position among 7760 sector peers

Solvency

better than 19%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-08-2026, 15 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 · 6 filings

Deviation from the deadline

2025

15 d late

2024

8 d early

2023

30 d late

2022

12 d early

2021

24 d late

2020

24 d late

← before the deadline after the deadline →

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.

Companies Code · seven months

Position in the running window

21-09-2026 today31-12-2026 close31-07-2027 deadline

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

Financials · fiscal year 2025, abbreviated schema

Equity

€89k▲ 1.2%

2024 · €88k

2020: €25k 2021: €26k 2022: €77k 2023: €80k 2024: €88k

2020 → 2025

Total assets

€500k▼ 8.1%

2024 · €544k

2020: €1.06M 2021: €874k 2022: €773k 2023: €657k 2024: €544k

2020 → 2025

Net result

€1k▼ 85.6%

2024 · €8k

2020: €-1k 2021: €1k 2022: €50k 2023: €10k 2024: €8k

2020 → 2025

Working capital

€-44k▼ 14,482%

2024 · €-300

2020: €104k 2021: €77k 2022: €83k 2023: €49k 2024: €-300

2020 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€26k-€77k▲ 191%€80k▲ 4.7%€88k▲ 9.4%€89k▲ 1.2%

Operating result€8k-€63k▲ 657%€20k▼ 68.4%€17k▼ 14.3%€8k▼ 51.9%

Net result€1k-€50k▲ 4,922%€10k▼ 81.0%€8k▼ 21.1%€1k▼ 85.6%

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has fallen three years in a row; 2025 is 52% below 2024 and is the lowest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €500k

56.6%

43.4%

Fixed assets €283k▼ 10.0%

Current assets €217k▼ 5.5%

Equity and liabilities €500k

17.8%

82.2%

Equity €89k▲ 1.2%

Debt €410k▼ 9.9%

The debt ratio falls from 83.8% to 82.2%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€80k▼

2024 · €93k

Cash flow

€73k▼

2024 · €84k

Solvency

17.8%▲

2024 · 16.2%

Current ratio

0.83▼

2024 · 1.00

Quick ratio

0.60▼

2024 · 0.72

Debt / equity

4.61▼

2024 · 5.18

ROE

1.2%▼

2024 · 8.6%

ROA

0.2%▼

2024 · 1.4%

Interest coverage

16.73▼

2024 · 16.83

Debt

€410k▼

2024 · €456k

Debt ≤ 1 year

€261k▲

2024 · €230k

Debt > 1 year

€150k▼

2024 · €226k

Income taxes

€3k▼

2024 · €6k

Staff costs

€357k▲

2024 · €351k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€544k€500k▼

Fixed assets21/28€314k€283k▼

Intangible fixed assets21€120k€90k▼

Tangible fixed assets22/27€189k€188k▼

Plant, machinery and equipment23€46k€41k▼

Furniture and vehicles24€8k€35k▲

Leasing and similar rights25€136k€111k▼

Financial fixed assets28€5k€5k=

Current assets29/58€229k€217k▼

Stocks and contracts in progress3€65k€60k▼

Stocks30/36€49k€54k▲

Contracts in progress37€17k€6k▼

Amounts receivable within one year40/41€98k€52k▼

Trade receivables40€62k€23k▼

Other amounts receivable41€36k€29k▼

Current investments50/53€40k€45k▲

Cash at bank and in hand54/58€26k€60k▲

Deferred charges and accrued income490/1€499€309▼

Equity and liabilities

Total equity and liabilities10/49€544k€500k▼

Equity10/15€88k€89k▲

Contributions10/11€12k€12k=

Reserves13€74k€75k▲

Distributable reserves133€74k€75k▲

Profit (loss) carried forward14€2k€2k▲

Amounts payable17/49€456k€410k▼

Amounts payable after more than one year17€226k€150k▼

Financial debts170/4€226k€150k▼

Amounts payable within one year42/48€230k€261k▲

Current portion of amounts payable after more than one year42€97k€100k▲

Financial debts43€1k€2k▲

Credit institutions430/8€1k€2k▲

Trade debts44€113k€125k▲

Suppliers440/4€113k€125k▲

Taxes, remuneration and social security45€14k€31k▲

Taxes450/3€6k€9k▲

Remuneration and social security454/9€8k€22k▲

Other amounts payable47/48€5k€2k▼

Income statement Code20242025

Non-recurring operating income76A€22k€2k▼

Remuneration, social security and pensions62€351k€357k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€76k€72k▼

Other operating charges640/8€2k€2k▼

Gross operating margin9900€446k€439k▼

Operating profit (loss)9901€17k€8k▼

Financial income75/76B€2k€1k▼

Recurring financial income75€2k€1k▼

Financial charges65/66B€6k€5k▼

Recurring financial charges65€6k€5k▼

Profit (loss) for the period before taxes9903€13k€4k▼

Income taxes67/77€6k€3k▼

Profit (loss) for the period9904€8k€1k▼

Profit (loss) for the period to be appropriated9905€8k€1k▼

Appropriation of the result

Profit (loss) to be appropriated9906€9k€3k▼

Profit (loss) brought forward from the previous period14P€2k€2k▲

Transfer to equity691/2€8k€950▼

To the legal reserve6920€8k€950▼

Social balance

Average headcount (FTE)90875.96.2▲

The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 8Financial 2Filings 6

Next filing, fiscal year 2026, expected by 31-07-2027

2026

15-08

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema · 15 days late

2025

23-07

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

30-08

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema · 30 days late

2023

19-07

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

31-12

Financial Highest result since 2020net €50k ▲4922%

Operating result €63k, net result €50k, both a record.

24-08

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema · 24 days late

2021

31-12

Financial Back to profitnet €1k

Net result €1k after one loss-making year.

24-08

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema · 24 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Gavere · 1 establishment unit since 2017

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Legen Heirweg 79890 Gavere

Ground area

1.6 ha

Building footprint

4,497 m²

Volume, LiDAR

29,961 m³

Parcel 44003A0212/00G000, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

MATco

Legen Heirweg 7, 9890 GavereSpecialised construction activities

since 20172.272.841.048

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44003A0212/00G000	Flanders	1.6 ha	1 · 4,497 m²	8.9 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Public money · subsidies and aid

Flemish government

2022 to 2025 · 4 entries · 2,585 EUR awarded · 2,585 EUR paid

Year	Entries	awarded	paid
2025	1	1,155 EUR	1,155 EUR
2024	1	89 EUR	89 EUR
2022	2	1,341 EUR	1,341 EUR

Schemes

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

2 entries · 1,244 EUR · 1,244 EUR paid · Fonds voor Innoveren en Ondernemen

Stagebonus (stopgezet)

1 entry · 1,000 EUR · 1,000 EUR paid · Departement Werk en Sociale Economie

Vlaams opleidingsverlof (VOV)

1 entry · 341 EUR · 341 EUR paid · Departement Werk en Sociale Economie

Recognitions · licences · registrations

Dual-learning approval

5 live approvals · 9 ended

Binnenschrijnwerk en interieur duaal (so)

Goedgekeurd · 2025 to 2030

Decoratie en schilderwerken duaal (so)

Goedgekeurd · 2021 to 2026

Medewerker schilder- en behangwerken duaal (so)

Goedgekeurd · 2021 to 2026

Operator CNC-gestuurde houtbewerkingsmachines duaal (so)

Goedgekeurd · 2025 to 2030

Schilder-decorateur (vwo)

Goedgekeurd · 2021 to 2026

Similar companies · same sector, comparable size

KLINKERWERKEN QUINTIN

BE 0501.678.060

Maasmechelen · Eq €89k

Of 7,294 companies in sector 43350 we hold annual accounts for 2,361. 1,990 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded15-11-2017

Fiscal year end31-12

Activities, NACEBEL

43320Joinery installation

43350Other building finishing work

Sources

Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers

Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.