MATEMAR
ActiveSummary
The computed 12-month bankruptcy probability of MATEMAR is 2.2% (moderate). The 2025 annual accounts show negative equity (-€13,591) and a net result of €6,706. Equity is growing by ~13.9% per year across the filed fiscal years. The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability41▲+7
Solvency19▲+2
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.27 against 0.28 in 2024; short-term debt: 29% and cash: 0.1% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-5.8%
Return on assets
2.9%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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 · 10 filingsDeviation from the deadline
2025
26 d late
2024
30 d late
2023
30 d late
2022
27 d late
2021
27 d late
2020
30 d late
2019
85 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 36 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€13,591▲ 33.0%
2024 · -€20,298
Total assets
€234,794▼ 3.1%
2024 · €242,393
Net result
€6,706▲ 617%
2024 · €935
Working capital
-€49,647▼ 8.2%
2024 · -€45,881
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€21,566▲ 30.7%€15,605▼ 27.6%€17,935▲ 14.9%€12,990▼ 27.6%€18,567▲ 42.9%
Net result€6,460▲ 1,464%€875▼ 86.5%€3,555▲ 306%€935▼ 73.7%€6,706▲ 617%
Equity-€25,662▲ 20.1%-€24,787▲ 3.4%-€21,233▲ 14.3%-€20,298▲ 4.4%-€13,591▲ 33.0%
Total assets€281,151▼ 3.2%€271,627▼ 3.4%€263,239▼ 3.1%€242,393▼ 7.9%€234,794▼ 3.1%
Debt€306,813▼ 4.9%€296,414▼ 3.4%€284,472▼ 4.0%€262,691▼ 7.7%€248,385▼ 5.4%
Working capital-€27,463▲ 8.5%€9,125-€35,788-€45,881▼ 28.2%-€49,647▼ 8.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 43% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €234,794
Fixed assets
€216,400 ▼ 3.5%
Current assets
€18,394 ▲ 1.1%
Key figures and ratios
EBITDA
€26,367▲
2024 · €20,790
Cash flow
€14,506▲
2024 · €8,735
Solvency
-5.8%▲
2024 · -8.4%
Current ratio
0.27▼
2024 · 0.28
Debt to equity
-18.28▼
2024 · -12.94
ROA
2.9%▲
2024 · 0.4%
Interest coverage
2.22▲
2024 · 1.72
Debt ≤ 1 year
€68,041▲
2024 · €64,074
Debt > 1 year
€180,345▼
2024 · €198,617
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,381 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 94% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit under 5% of the balance sheet
2.0%
went bankrupt
3.1%
stopped otherwise
94%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,381 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,460 | €9,460 | €9,460 | €7,800 | €7,800 | = |
| Other operating charges640/8 | €2,760 | €2,948 | €3,235 | €3,287 | €3,437 | ▲ 4.6% |
| Gross operating margin9900 | €33,786 | €28,012 | €30,630 | €24,077 | €29,804 | ▲ 23.8% |
| Operating profit (loss)9901 | €21,566 | €15,605 | €17,935 | €12,990 | €18,567 | ▲ 42.9% |
| Financial income75/76B | €4 | - | - | - | - | - |
| Recurring financial income75 | €4 | - | - | - | - | - |
| Financial charges65/66B | €15,110 | €14,730 | €14,381 | €12,055 | €11,861 | ▼ 1.6% |
| Recurring financial charges65 | €15,110 | €14,730 | €14,381 | €12,055 | €11,861 | ▼ 1.6% |
| Profit (loss) for the period before taxes9903 | €6,460 | €875 | €3,555 | €935 | €6,706 | ▲ 617% |
| Profit (loss) for the period9904 | €6,460 | €875 | €3,555 | €935 | €6,706 | ▲ 617% |
| Profit (loss) for the period to be appropriated9905 | €6,460 | €875 | €3,555 | €935 | €6,706 | ▲ 617% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €281,151 | €271,627 | €263,239 | €242,393 | €234,794 | ▼ 3.1% |
| Fixed assets21/28 | €250,920 | €241,460 | €232,000 | €224,200 | €216,400 | ▼ 3.5% |
| Tangible fixed assets22/27 | €250,920 | €241,460 | €232,000 | €224,200 | €216,400 | ▼ 3.5% |
| Land and buildings22 | €250,920 | €241,460 | €232,000 | €224,200 | €216,400 | ▼ 3.5% |
| Current assets29/58 | €30,232 | €30,167 | €31,239 | €18,193 | €18,394 | ▲ 1.1% |
| Current investments50/53 | - | - | - | €65 | - | - |
| Cash at bank and in hand54/58 | €104 | €39 | €1,111 | €18,128 | €266 | ▼ 98.5% |
| Deferred charges and accrued income490/1 | €30,128 | €30,128 | €30,128 | - | €18,128 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €281,151 | €271,627 | €263,239 | €242,393 | €234,794 | ▼ 3.1% |
| Equity10/15 | -€25,662 | -€24,787 | -€21,233 | -€20,298 | -€13,591 | ▲ 33.0% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | -€31,862 | -€30,987 | -€27,433 | -€26,498 | -€19,791 | ▲ 25.3% |
| Amounts payable17/49 | €306,813 | €296,414 | €284,472 | €262,691 | €248,385 | ▼ 5.4% |
| Amounts payable after more than one year17 | €249,118 | €233,642 | €217,444 | €198,617 | €180,345 | ▼ 9.2% |
| Financial debts170/4 | €249,118 | €233,642 | €217,444 | €198,617 | €180,345 | ▼ 9.2% |
| Amounts payable within one year42/48 | €57,695 | €21,043 | €67,027 | €64,074 | €68,041 | ▲ 6.2% |
| Current portion of amounts payable after more than one year42 | €14,736 | €15,410 | €16,010 | €16,992 | €17,867 | ▲ 5.2% |
| Trade debts44 | €3,654 | €5,632 | €9,287 | €5,353 | €8,464 | ▲ 58.1% |
| Suppliers440/4 | €3,654 | €5,632 | €9,287 | €5,353 | €8,464 | ▲ 58.1% |
| Other amounts payable47/48 | €39,305 | - | €41,730 | €41,730 | €41,710 | = |
| Accrued charges and deferred income492/3 | - | €41,730 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,460 | €875 | €3,555 | €935 | €6,706 | ▲ 617% |
| + Depreciation and write-downs630 | €9,460 | €9,460 | €9,460 | €7,800 | €7,800 | = |
| Operating cash flow (approximation) | €15,920 | €10,335 | €13,014 | €8,735 | €14,506 | ▲ 66.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€64 | €1,072 | €17,017 | -€17,862 | ▼ 205% |
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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
27-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 27 days late
2022
31-12
Financial
Liquidity triplescurrent ratio 1.43
Current ratio from 0.52 to 1.43; short-term debt falls from €57,695 to €21,043.
27-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 27 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet €413 ▼94.8%
Net result drops to €413, the lowest in the series; recovery starts the following year.
24-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 85 days late
2019
31-12
Financial
Highest result since 2018net €7,927 ▲181%
Operating result €23,400, net result €7,927, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
14-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 45 days late
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, Jette
Ground area
246 m²
Building footprint
101 m²
Volume, LiDAR
1,142 m³
Parcel 21463D0339/00R002, Brussels · tallest building 15.4 m, ±4 floors. Linked by address, not a title deed.
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21463D0339/00R002 | Brussels | 246 m² | 1 · 101 m² | 15.4 m · 4 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.
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded27-11-2013
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0542494571
Also
9925:BE0542494571
Registered
11-05-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.