Mathias Bartos
ActiveSummary
The computed 12-month bankruptcy probability of Mathias Bartos is 3.2% (moderate). The 2025 annual accounts show equity of €28,179 and a net result of -€6,336. Equity is growing by ~36.7% per year across the filed fiscal years. Its solvency ranks better than 16% of 28184 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability24▼-76
Solvency38▼-22
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
3.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days only on tighter terms
Liquidity ample (current ratio 1.8 against 1.74 in 2024; short-term debt: 52.8% and cash: 3.6% of total assets), but 87.3% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · 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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
12.7%
Return on assets
-2.9%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 28184 sector peers (2025).
NBB · sector comparisonPosition among 28184 sector peers
Solvency
better than 16%
← weakest
strongest →
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 21-07-2026, 10 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
10 d early
2024
20 d early
2023
27 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 1 day before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed 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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€28,179▼ 18.4%
2024 · €34,515
Total assets
€221,574▲ 126%
2024 · €97,832
Net result
-€6,336
2024 · €27,026
Working capital
€93,421▲ 160%
2024 · €35,890
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
Line202320242025
Operating result€3,732-€40,859▲ 995%€15,193▼ 62.8%
Net result€2,489-€27,026▲ 986%-€6,336
Equity€7,489-€34,515▲ 361%€28,179▼ 18.4%
Total assets€53,465-€97,832▲ 83.0%€221,574▲ 126%
Debt€45,976-€63,317▲ 37.7%€193,396▲ 205%
Working capital€4,450-€35,890▲ 706%€93,421▲ 160%
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2025 Total assets +126% on 2024. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 63% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €221,574
Fixed assets
€11,144 ▼ 16.8%
Current assets
€210,430 ▲ 149%
Equity and liabilities €221,574
Equity
€28,179 ▼ 18.4%
Debt
€193,396 ▲ 205%
Debt's share of the balance-sheet total rises from 64.7% to 87.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€20,379▼
2024 · €45,792
Cash flow
-€1,150▼
2024 · €31,960
Current ratio
1.80▲
2024 · 1.74
Quick ratio
1.78▲
2024 · 1.65
Debt to equity
6.86▲
2024 · 1.83
ROE
-22.5%▼
2024 · 78.3%
ROA
-2.9%▼
2024 · 27.6%
Interest coverage
1.10▼
2024 · 6.24
Debt ≤ 1 year
€117,009▲
2024 · €48,550
Debt > 1 year
€67,377▲
2024 · €13,794
Income taxes
€3,839▼
2024 · €8,718
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,270 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 93% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a small loss
3.6%
went bankrupt
2.0%
stopped otherwise
93%
still going
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.2% 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 497,058 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% | 1.6% |
| 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 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 1,270 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 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €872 | - |
| Remuneration, social security and pensions62 | €1,845 | €359 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,932 | €4,933 | €5,187 | ▲ 5.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €2,479 | €2,500 | -€400 | ▼ 116% |
| Other operating charges640/8 | €697 | €3,131 | €13,658 | ▲ 336% |
| Non-recurring operating charges66A | - | - | €872 | - |
| Gross operating margin9900 | €12,685 | €51,782 | €34,510 | ▼ 33.4% |
| Operating profit (loss)9901 | €3,732 | €40,859 | €15,193 | ▼ 62.8% |
| Financial income75/76B | €3 | €2,676 | €846 | ▼ 68.4% |
| Recurring financial income75 | €3 | €2,676 | €846 | ▼ 68.4% |
| Financial charges65/66B | €1,246 | €7,790 | €18,536 | ▲ 138% |
| Recurring financial charges65 | €1,246 | €7,340 | €18,536 | ▲ 153% |
| Non-recurring financial charges66B | - | €450 | - | - |
| Profit (loss) for the period before taxes9903 | €2,489 | €35,744 | -€2,497 | ▼ 107% |
| Income taxes67/77 | - | €8,718 | €3,839 | ▼ 56.0% |
| Profit (loss) for the period9904 | €2,489 | €27,026 | -€6,336 | ▼ 123% |
| Profit (loss) for the period to be appropriated9905 | €2,489 | €27,026 | -€6,336 | ▼ 123% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €53,465 | €97,832 | €221,574 | ▲ 126% |
| Fixed assets21/28 | €17,225 | €13,392 | €11,144 | ▼ 16.8% |
| Intangible fixed assets21 | €1,226 | €1,678 | €898 | ▼ 46.5% |
| Tangible fixed assets22/27 | €15,999 | €11,714 | €10,246 | ▼ 12.5% |
| Furniture and vehicles24 | €2,098 | €1,343 | €3,407 | ▲ 154% |
| Leasing and similar rights25 | €13,901 | €10,370 | €6,839 | ▼ 34.0% |
| Current assets29/58 | €36,240 | €84,440 | €210,430 | ▲ 149% |
| Stocks and contracts in progress3 | - | €4,529 | €2,080 | ▼ 54.1% |
| Stocks30/36 | - | €4,529 | €2,080 | ▼ 54.1% |
| Amounts receivable within one year40/41 | €25,294 | €39,825 | €167,934 | ▲ 322% |
| Trade receivables40 | €20,579 | €39,825 | €89,465 | ▲ 125% |
| Other amounts receivable41 | €4,715 | - | €78,469 | - |
| Cash at bank and in hand54/58 | €8,911 | €21,049 | €8,085 | ▼ 61.6% |
| Deferred charges and accrued income490/1 | €2,035 | €19,036 | €32,332 | ▲ 69.8% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €53,465 | €97,832 | €221,574 | ▲ 126% |
| Equity10/15 | €7,489 | €34,515 | €28,179 | ▼ 18.4% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €2,489 | €29,515 | €23,179 | ▼ 21.5% |
| Amounts payable17/49 | €45,976 | €63,317 | €193,396 | ▲ 205% |
| Amounts payable after more than one year17 | €14,177 | €13,794 | €67,377 | ▲ 388% |
| Financial debts170/4 | €5,182 | €2,585 | - | - |
| Other amounts payable178/9 | €8,996 | €11,209 | €67,377 | ▲ 501% |
| Amounts payable within one year42/48 | €31,790 | €48,550 | €117,009 | ▲ 141% |
| Current portion of amounts payable after more than one year42 | €2,381 | €2,596 | €2,585 | ▼ 0.4% |
| Trade debts44 | €15,255 | €29,704 | €103,113 | ▲ 247% |
| Suppliers440/4 | €15,255 | €29,704 | €103,113 | ▲ 247% |
| Taxes, remuneration and social security45 | €14,154 | €16,250 | €8,718 | ▼ 46.4% |
| Taxes450/3 | €1,980 | €16,250 | €8,718 | ▼ 46.4% |
| Remuneration and social security454/9 | €12,174 | - | - | - |
| Other amounts payable47/48 | - | - | €2,593 | - |
| Accrued charges and deferred income492/3 | €9 | €973 | €9,009 | ▲ 826% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,489 | €27,026 | -€6,336 | ▼ 123% |
| + Depreciation and write-downs630 | €3,932 | €4,933 | €5,187 | ▲ 5.1% |
| Operating cash flow (approximation) | €6,421 | €31,960 | -€1,150 | ▼ 104% |
| Investment in fixed assets (approximation) | - | -€1,100 | -€2,939 | ▼ 167% |
| Change in cash | - | €12,138 | -€12,965 | ▼ 207% |
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
21-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€6,336
Net result drops to -€6,336, the lowest in the series.
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2023net €27,026 ▲986%
Operating result €40,859, net result €27,026, both a record.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Grâce-Hollogne · 1 establishment unit since 2022
Ground area
449 m²
Building footprint
145 m²
Volume, LiDAR
899 m³
Parcel 62046A0432/00H000, Wallonia · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Mathias Bartos srl
since 20222.338.776.304
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62046A0432/00H000 | Wallonia | 449 m² | 1 · 144 m² | 8.9 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.
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,420. 5,617 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded06-10-2022
Fiscal year end31-12
Activities, NACEBEL 2025
43310Plastering work
43990Other specialised construction activities
43320Joinery installation
43421Specialised construction activities
43422Screed work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0791978769
Registered
13-08-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.