MATENCO
Open bankruptcyAre you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Antwerp, Hasselt division
- Declared bankrupt
- 6 December 2018
- Supervising judge
- Ivo Van Genechten
- Official Gazette
- 12-12-2018 (pdf) ↗search the document for 2018/152493
Deadlines
- Provisional date payments stopped
- 6 December 2018A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 27 December 2018Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 5 January 2019art. XX.104 and XX.155 CEL
- First verification report
- passed on 17 January 2019Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 6 December 2019Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curators
- Bert VandenreytPaalsesteenweg 133, 3583 Paalbert.vandenreyt@advocom.be
- An NoePaalse- Steenweg 133, 3580 Beringenann.noe@advocom.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2016 was due by 31-07-2017 and was filed on 31-08-2017, 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 · 10 filingsDeviation from the deadline
2017
not filed
2016
31 d late
2015
31 d late
2014
94 d late
2013
28 d late
2012
15 d early
2011
30 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 33 days after the deadline; the Belgian median for financial year 2017 is 4 days before the deadline, and 41% of all filings were late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?Process a list
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2016, full schema
Turnover
€120,000=
2015 · €120,000
EBIT margin
-35.6%▲ 9.3pp
2015 · -44.8%
Net result
-€83,724▲ 9.1%
2015 · -€92,069
Working capital
-€398,773▼ 66.8%
2015 · -€239,129
Trend over the years
In euros
In per cent
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20122013201420152016
Turnover€120,268-€122,868▲ 2.2%€124,109▲ 1.0%€120,000▼ 3.3%€120,000=
Operating result-€12,992--€11,139▲ 14.3%-€9,548▲ 14.3%-€53,781▼ 463%-€42,675▲ 20.6%
Net result-€62,844--€53,312▲ 15.2%-€79,951▼ 50.0%-€92,069▼ 15.2%-€83,724▲ 9.1%
EBIT margin-10.8%--9.1%▲ 1.7pp-7.7%▲ 1.4pp-44.8%▼ 37.1pp-35.6%▲ 9.3pp
Equity€3.3m-€3.3m▼ 1.6%€3.2m▼ 2.4%€3.1m▼ 2.9%€3.0m▼ 2.7%
Total assets€4.2m-€4.2m▼ 1.3%€4.0m▼ 3.1%€4.9m▲ 22.4%€4.8m▼ 2.7%
Debt€886,524-€885,791▼ 0.1%€836,569▼ 5.6%€1.8m▲ 119%€1.8m▼ 2.8%
Working capital-€770,132-€36,967-€97,664-€239,129▼ 145%-€398,773▼ 66.8%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €42,675 in 2016 against €53,781 in 2015; the loss shrinks.
Balance-sheet composition
2016 in colour, 2015 as the grey bar beneath
Assets €4.8m
Fixed assets
€3.8m ▼ 2.9%
Current assets
€962,495 ▼ 1.9%
Equity and liabilities €4.8m
Equity
€3.0m ▼ 2.7%
Debt
€1.8m ▼ 2.8%
Debt's share of the balance-sheet total stays at 37.0%.
Key figures and ratios
EBITDA
€74,102▲
2015 · €62,996
Cash flow
€33,053▲
2015 · €24,708
Current ratio
0.71▼
2015 · 0.80
Quick ratio
0.12▼
2015 · 0.15
Debt to equity
0.13▼
2015 · 0.19
ROE
-2.8%▲
2015 · -3.0%
ROA
-1.7%▲
2015 · -1.9%
Interest coverage
3.25▲
2015 · 2.11
Debt ≤ 1 year
€1.4m▲
2015 · €1.2m
Debt > 1 year
€389,491▼
2015 · €582,047
Income taxes
€17,309▲
2015 · €12,937
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €120,268 | €122,868 | €124,109 | €120,000 | €120,000 | = |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €116,777 | €116,777 | €116,777 | €116,777 | €116,777 | = |
| Operating profit (loss)9901 | -€12,992 | -€11,139 | -€9,548 | -€53,781 | -€42,675 | ▲ 20.6% |
| Recurring financial income75 | €3,004 | €2,631 | €1,749 | €4,171 | €675 | ▼ 83.8% |
| Recurring financial charges65 | €24,904 | €11,995 | €21,445 | €29,865 | €24,415 | ▼ 18.2% |
| Debt charges650 | €25,007 | €13,868 | €20,894 | €29,865 | €22,816 | ▼ 23.6% |
| Profit (loss) for the period before taxes9903 | -€34,752 | -€20,504 | -€60,510 | -€79,132 | -€66,415 | ▲ 16.1% |
| Income taxes67/77 | €28,092 | €32,809 | €19,441 | €12,937 | €17,309 | ▲ 33.8% |
| Profit (loss) for the period9904 | -€62,844 | -€53,312 | -€79,951 | -€92,069 | -€83,724 | ▲ 9.1% |
| Profit (loss) for the period to be appropriated9905 | -€62,844 | -€53,312 | -€79,951 | -€92,069 | -€83,724 | ▲ 9.1% |
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.2m | €4.2m | €4.0m | €4.9m | €4.8m | ▼ 2.7% |
| Fixed assets21/28 | €4.1m | €4.0m | €3.8m | €4.0m | €3.8m | ▼ 2.9% |
| Tangible fixed assets22/27 | €2.6m | €2.5m | €2.4m | €2.2m | €2.1m | ▼ 5.2% |
| Financial fixed assets28 | €1.5m | €1.5m | €1.5m | €1.7m | €1.7m | = |
| Current assets29/58 | €116,321 | €177,008 | €195,878 | €981,042 | €962,495 | ▼ 1.9% |
| Stocks and contracts in progress3 | - | - | - | €799,698 | €799,698 | = |
| Amounts receivable within one year40/41 | €95,999 | €139,156 | €174,965 | €156,696 | €134,841 | ▼ 13.9% |
| Current investments50/53 | €15,755 | €17,628 | €17,077 | €17,420 | €17,155 | ▼ 1.5% |
| Cash at bank and in hand54/58 | €3,680 | €20,224 | €1,902 | €6,703 | €10,256 | ▲ 53.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.2m | €4.2m | €4.0m | €4.9m | €4.8m | ▼ 2.7% |
| Equity10/15 | €3.3m | €3.3m | €3.2m | €3.1m | €3.0m | ▼ 2.7% |
| Contributions10/11 | €750,000 | €750,000 | €750,000 | €750,000 | €750,000 | = |
| Reserves13 | €631,048 | €747,825 | €864,601 | €981,378 | €1.1m | ▲ 11.9% |
| Profit (loss) carried forward14 | -€562,737 | -€616,049 | -€696,000 | -€788,069 | -€871,793 | ▼ 10.6% |
| Amounts payable17/49 | €886,524 | €885,791 | €836,569 | €1.8m | €1.8m | ▼ 2.8% |
| Amounts payable after more than one year17 | - | €744,119 | €542,510 | €582,047 | €389,491 | ▼ 33.1% |
| Amounts payable within one year42/48 | €886,453 | €140,040 | €293,541 | €1.2m | €1.4m | ▲ 11.6% |
| Trade debts44 | - | €6,829 | €3,209 | €119,681 | €43,747 | ▼ 63.4% |
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€62,844 | -€53,312 | -€79,951 | -€92,069 | -€83,724 | ▲ 9.1% |
| + Depreciation and write-downs630 | €116,777 | €116,777 | €116,777 | €116,777 | €116,777 | = |
| Operating cash flow (approximation) | €53,933 | €63,465 | €36,826 | €24,708 | €33,053 | ▲ 33.8% |
| Investment in fixed assets (approximation) | - | -€2,046 | €31,267 | -€235,000 | €0 | ▲ 100% |
| Change in cash | - | €16,544 | -€18,321 | €4,801 | €3,552 | ▼ 26.0% |
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
2025
23-06
Bankruptcy
Supervising judge replaced
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 05-06-2025
2018
12-12
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 06-12-2018
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
2015
31-12
Financial
Weakest financial yearnet -€92,069
Net result drops to -€92,069, the lowest in the series.
02-11
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 94 days late
2014
28-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 28 days late
2013
31-12
Financial
Liquidity times 10current ratio 1.26
Current ratio from 0.13 to 1.26; short-term debt falls from €886,453 to €140,040.
16-07
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
2012
30-08
NBB filing
Annual accounts filed
fiscal year 2011 · full schema · 30 days late
27-02
NBB filing
Annual accounts filed
fiscal year 2010 · full schema · 211 days late
2010
17-06
NBB filing
Annual accounts filed
fiscal year 2009 · full schema
2009
27-07
NBB filing
Annual accounts filed
fiscal year 2008 · full schema
2008
27-08
NBB filing
Annual accounts filed
fiscal year 2007 · full schema · 27 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
No directors read yet: 0 of 5 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Diepenbeek
Ground area
869 m²
Building footprint
257 m²
Volume, LiDAR
1,350 m³
Parcel 71011A0023/00T028, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71011A0023/00T028 | Flanders | 868 m² | 1 · 257 m² | 10.0 m · 2 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.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | BERT VANDENREYT Paalsesteenweg 133, 3583 Paal |
06-12-2018 → present |
| Curator | AN NOE Paalse- Steenweg 133, 3580 Beringen |
06-12-2018 → present |
Company details
Identification
Legal formPublic limited company
Founded05-07-1988
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.