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MATFRA

Active
Private limited companyfounded 20251 yr activeRue Trieu Maillard 69, 6110 Montigny-le-Tilleul, BelgiumKBO/BCE: BE 1026.119.250
Summary

The computed 12-month bankruptcy probability of MATFRA is 4.0% (moderate). The 2025 annual accounts show equity of €1,108 and a net result of -€18,892. Its solvency ranks better than 27% of 13874 sector peers (fiscal year 2025). The company has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability0
Solvency27
Growth-
Track record67
Bankruptcy probability, 12 months
4.0% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.04; short-term debt: 86.2% and cash: 16% of total assets), and 98.4% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
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 2025
Solvency, return and age of the figures
Solvency
1.6%
Return on assets
-26.9%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
2 d early
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · 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

History

MATFRA was incorporated on 1 August 2025 as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€1,108
Total assets
€70,128
Net result
-€18,892
Working capital
€2,466

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

Balance-sheet composition
Assets €70,128
Fixed assets €7,207
Current assets €62,921
Equity and liabilities €70,128
Equity €1,108
Debt €69,020
Debt finances 98.4% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
-€17,026
Cash flow
-€18,670
Current ratio
1.04
Quick ratio
0.94
Debt to equity
62.30
ROA
-26.9%
Interest coverage
-10.35
Debt ≤ 1 year
€60,456
Debt > 1 year
€8,565
Staff costs
€22,486
A ratio outside any meaningful range has been withheld (balance sheet total €70,128, equity €1,108).

Peer companies

Historical observation

Of the 167 companies that looked in July 2024 the way this one looks now, 4.2% went bankrupt within 24 months and 89% are still going.

  • Micro
  • under 2 years old
  • solvency under 10%
  • a loss of 10% of the balance sheet or more
4.2% went bankrupt
6.6% stopped otherwise
89% still going

For this company itself Checked computes a bankruptcy probability of 4.0% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 167 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
Filed annual accounts As filed with the NBB · 2025 · 40 lines
Balance sheet Code2025
Assets
Total assets20/58€70,128
Fixed assets21/28€7,207
Tangible fixed assets22/27€7,207
Plant, machinery and equipment23€7,207
Current assets29/58€62,921
Stocks and contracts in progress3€6,000
Stocks30/36€6,000
Amounts receivable within one year40/41€44,760
Trade receivables40€44,416
Other amounts receivable41€344
Cash at bank and in hand54/58€11,198
Deferred charges and accrued income490/1€963
Equity and liabilities
Total equity and liabilities10/49€70,128
Equity10/15€1,108
Contributions10/11€20,000
Profit (loss) carried forward14-€18,892
Amounts payable17/49€69,020
Amounts payable after more than one year17€8,565
Financial debts170/4€8,565
Amounts payable within one year42/48€60,456
Current portion of amounts payable after more than one year42€4,867
Trade debts44€40,178
Suppliers440/4€40,178
Taxes, remuneration and social security45€11,201
Taxes450/3€8,704
Remuneration and social security454/9€2,498
Other amounts payable47/48€4,209
Income statement Code2025
Remuneration, social security and pensions62€22,486
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€222
Other operating charges640/8€1,883
Gross operating margin9900€7,343
Operating profit (loss)9901-€17,247
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€1,645
Recurring financial charges65€1,645
Profit (loss) for the period before taxes9903-€18,892
Profit (loss) for the period9904-€18,892
Profit (loss) for the period to be appropriated9905-€18,892
Appropriation of the result
Profit (loss) to be appropriated9906-€18,892

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Remuneration, social security and pensions62€22,486
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€222
Other operating charges640/8€1,883
Gross operating margin9900€7,343
Operating profit (loss)9901-€17,247
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€1,645
Recurring financial charges65€1,645
Profit (loss) for the period before taxes9903-€18,892
Profit (loss) for the period9904-€18,892
Profit (loss) for the period to be appropriated9905-€18,892
Line2025
Assets
Total assets20/58€70,128
Fixed assets21/28€7,207
Tangible fixed assets22/27€7,207
Plant, machinery and equipment23€7,207
Current assets29/58€62,921
Stocks and contracts in progress3€6,000
Stocks30/36€6,000
Amounts receivable within one year40/41€44,760
Trade receivables40€44,416
Other amounts receivable41€344
Cash at bank and in hand54/58€11,198
Deferred charges and accrued income490/1€963
Equity and liabilities
Total equity and liabilities10/49€70,128
Equity10/15€1,108
Contributions10/11€20,000
Profit (loss) carried forward14-€18,892
Amounts payable17/49€69,020
Amounts payable after more than one year17€8,565
Financial debts170/4€8,565
Amounts payable within one year42/48€60,456
Current portion of amounts payable after more than one year42€4,867
Trade debts44€40,178
Suppliers440/4€40,178
Taxes, remuneration and social security45€11,201
Taxes450/3€8,704
Remuneration and social security454/9€2,498
Other amounts payable47/48€4,209
Line2025
Profit (loss) for the period9904-€18,892
+ Depreciation and write-downs630€222
Operating cash flow (approximation)-€18,670

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
29-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
NBB filing
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
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Montigny-le-Tilleul · 1 establishment unit since 2025
seat establishment The establishment unit on the map
Ground area
1,224 m²
Building footprint
108 m²
Parcel 52048C0204/00D002, Wallonia. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
Il Pane e Vino
Rue Trieu Maillard 69, 6110 Montigny-le-TilleulFull-service restaurants
since 20252.376.553.646
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
52048C0204/00D002 Wallonia 1,224 m² 1 · 108 m² -
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.

Recognitions · licences · registrations

Food safety, FASFC

1 site
Montigny-le-Tilleul2.376.553.646
1 permission
Toelating · Eetgelegenheid · since 20-08-2025

Similar companies · same sector, comparable size

Of 20,500 companies in this sector we hold annual accounts for 11,468. 1,774 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company details

Identification
Legal formPrivate limited company
Founded01-08-2025
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
E-invoicing
Reachable via Peppol
Peppol ID 0208:1026119250
Also 9925:BE1026119250
Registered 17-09-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 1 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.