Matei Trans
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 17-07-2026 at the NBB all 3 filings
Every figure per financial year
The operating result for 2025 is 125% higher than in 2024 and the highest since 2023. It is the second rise in a row.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-12-2023 | 31-12-2024 |
|---|---|---|
| Employees at the balance-sheet date | 3 | - |
| full-time | 3 | - |
| in full-time equivalents | 3 | - |
| Average over the year, in full-time equivalents | 0.9 | 0.5 |
| On a permanent contract | 3 | - |
| Joined | 4 | 1 |
| Left | 1 | 3 |
Source: social balance sheet in the 2023 to 2024 annual accounts
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | - | €5,057 | - |
| Depreciation and write-downs of the year | - | €1,014 | €1,086 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €29,643 | €21,008 | €1,340 | ▼ 93.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €1,014 | €1,086 | ▲ 7.1% |
| Other operating charges640/8 | €666 | €9,795 | €89,136 | ▲ 810% |
| Gross operating margin9900 | €10,653 | €108,172 | €263,175 | ▲ 143% |
| Operating profit (loss)9901 | -€19,656 | €76,355 | €171,613 | ▲ 125% |
| Financial income75/76B | - | €4 | - | - |
| Recurring financial income75 | - | €4 | - | - |
| Financial charges65/66B | €6 | €7,669 | €1,856 | ▼ 75.8% |
| Recurring financial charges65 | €6 | €7,669 | €1,856 | ▼ 75.8% |
| Profit (loss) for the period before taxes9903 | -€19,661 | €68,691 | €169,757 | ▲ 147% |
| Income taxes67/77 | - | €10,762 | €42,714 | ▲ 297% |
| Profit (loss) for the period9904 | -€19,661 | €57,928 | €127,043 | ▲ 119% |
| Profit (loss) for the period to be appropriated9905 | -€19,661 | €57,928 | €127,043 | ▲ 119% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €0.01m | €0.08m | €1.0m | ▲ 13× |
| Fixed assets21/28 | - | €0.004m | €0.003m | ▼ 26.9% |
| Tangible fixed assets22/27 | - | €0.004m | €0.003m | ▼ 26.9% |
| Plant, machinery and equipment23 | - | €437 | €252 | ▼ 42.4% |
| Furniture and vehicles24 | - | €0.004m | €0.003m | ▼ 25.0% |
| Current assets29/58 | €0.01m | €0.08m | €1.0m | ▲ 14× |
| Amounts receivable within one year40/41 | €0.003m | €0.03m | €0.5m | ▲ 19× |
| Trade receivables40 | - | - | €0.5m | - |
| Other amounts receivable41 | €0.003m | €0.03m | - | - |
| Cash at bank and in hand54/58 | €0.001m | €0.05m | €0.6m | ▲ 11× |
| Deferred charges and accrued income490/1 | €0.006m | - | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €0.01m | €0.08m | €1.0m | ▲ 13× |
| Equity10/15 | -€0.02m | €0.04m | €0.2m | ▲ 316% |
| Contributions10/11 | €0.002m | €0.002m | €0.002m | = |
| Reserves13 | - | €0.04m | €0.04m | = |
| Distributable reserves133 | - | €0.04m | €0.04m | = |
| Profit (loss) carried forward14 | -€0.02m | - | €0.1m | - |
| Amounts payable17/49 | €0.03m | €0.04m | €0.9m | ▲ 22× |
| Amounts payable within one year42/48 | €0.03m | €0.04m | €0.9m | ▲ 22× |
| Trade debts44 | €225 | €0.01m | €0.6m | ▲ 43× |
| Suppliers440/4 | €225 | €0.01m | €0.6m | ▲ 43× |
| Taxes, remuneration and social security45 | €0.003m | €0.03m | €0.3m | ▲ 11× |
| Taxes450/3 | €324 | €0.03m | €0.3m | ▲ 11× |
| Remuneration and social security454/9 | €0.003m | - | - | - |
| Other amounts payable47/48 | €0.02m | - | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€19,661 | €57,928 | €127,043 | ▲ 119% |
| + Depreciation and write-downs630 | - | €1,014 | €1,086 | ▲ 7.1% |
| Operating cash flow (approximation) | -€19,661 | €58,943 | €128,129 | ▲ 117% |
| Investment in fixed assets (approximation) | - | - | -€1 | - |
| Change in cash | - | €50,088 | €522,975 | ▲ 944% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,602 companies had the same profile as Matei Trans has now. Two years later, 96.6% were still going and 2.3% had gone bankrupt.
- Small
- 2 to 5 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Matei Trans itself: 1.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,602 companies, not a prediction for Matei Trans. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.