MATILO
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 01-06-2026 PDF all 10 filings
Equity
-€291,495▼ 11.0%
2024 · -€262,530
Net result
-€28,965▼ 15.1%
2024 · -€25,164
Total assets
€723,043▼ 2.6%
2024 · €741,985
Solvency
-40.3%▼ 4.9pp
2024 · -35.4%
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
no figure
2025
20182025
Operating result
-€11,703
▼ 100%
2025
20182025
Net result
-€28,965
▼ 15.1%
2025
lowest quarter of the sector
20182025
Equity
-€291,495
▼ 11.0%
2025
lowest quarter of the sector
20182025
Total assets
€723,043
▼ 2.6%
2025
middle half of the sector
20182025
Debt
€1.0m
▲ 1.0%
2025
20182025
Working capital
-€164,312
▲ 13.8%
2025
middle half of the sector
20182025
Solvency
-40.3%
▼ 4.9pp
2025
lowest quarter of the sector
20182025
Current ratio
0.10
▲ 0.07
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
-4.0%
▼ 0.6pp
2025
lowest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€0.09m-
Operating result-€0.06m--€0.02m▲ 70.3%-€0.06m▼ 215%-€0.07m▼ 21.2%-€0.03m▲ 53.3%-€0.02m▲ 55.5%-€0.006m▲ 61.1%-€0.01m▼ 100%
Net result-€0.08m--€0.04m▲ 56.6%-€0.08mbelow the sector's middle half▼ 118%-€0.09mbelow the sector's middle half▼ 11.4%-€0.05mbelow the sector's middle half▲ 42.4%-€0.03mbelow the sector's middle half▲ 34.7%-€0.03mbelow the sector's middle half▲ 21.6%-€0.03mbelow the sector's middle half▼ 15.1%
Equity€0.04m-€0.006m▼ 85.8%-€0.07mbelow the sector's middle half-€0.2mbelow the sector's middle half▼ 121%-€0.2mbelow the sector's middle half▼ 31.5%-€0.2mbelow the sector's middle half▼ 15.6%-€0.3mbelow the sector's middle half▼ 10.6%-€0.3mbelow the sector's middle half▼ 11.0%
Total assets€0.9m-€0.9m▲ 5.1%€0.8mwithin the sector's middle half▼ 5.2%€0.9mwithin the sector's middle half▲ 1.3%€0.8mwithin the sector's middle half▼ 3.2%€0.8mwithin the sector's middle half▼ 4.3%€0.7mwithin the sector's middle half▼ 6.7%€0.7mwithin the sector's middle half▼ 2.6%
Debt€0.8m-€0.9m▲ 9.7%€0.9m▲ 3.4%€1.0m▲ 10.5%€1.0m▲ 2.2%€1.0m▼ 0.4%€1.0m▼ 2.7%€1.0m▲ 1.0%
Working capital-€0.2m--€0.2m▲ 29.7%-€0.2mbelow the sector's middle half▼ 36.6%-€0.2mbelow the sector's middle half▲ 2.4%-€0.2mwithin the sector's middle half▲ 14.8%-€0.2mwithin the sector's middle half▲ 4.8%-€0.2mbelow the sector's middle half▼ 16.8%-€0.2mwithin the sector's middle half▲ 13.8%
Solvency4.8%-0.6%▼ 4.2pp-8.4%below the sector's middle half▼ 9.0pp-18.2%below the sector's middle half▼ 9.8pp-24.7%below the sector's middle half▼ 6.5pp-29.8%below the sector's middle half▼ 5.2pp-35.4%below the sector's middle half▼ 5.5pp-40.3%below the sector's middle half▼ 4.9pp
Current ratio0.08-0.21▲ 0.130.05below the sector's middle half▼ 0.160.17below the sector's middle half▲ 0.130.14below the sector's middle half▼ 0.030.13below the sector's middle half▼ 0.010.03below the sector's middle half▼ 0.100.10below the sector's middle half▲ 0.07
Return on assets (ROA)-9.5%--3.9%▲ 5.6pp-9.0%below the sector's middle half▼ 5.1pp-9.9%below the sector's middle half▼ 0.9pp-5.9%below the sector's middle half▲ 4.0pp-4.0%below the sector's middle half▲ 1.9pp-3.4%below the sector's middle half▲ 0.6pp-4.0%below the sector's middle half▼ 0.6pp
above
within
below
The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €11,703, larger than the loss of €5,848 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €723,043
Fixed assets
€704,826 ▼ 4.2%
Current assets
€18,216 ▲ 195%
Equity and liabilities
Equity-€291,495
Debt€1.0m
Equity is negative. Debt (€1.0m) exceeds the balance-sheet total (€723,043).
Key figures and ratios
Debt ≤ 1 year
€182,529▼
2024 · €196,753
Debt > 1 year
€832,009▲
2024 · €807,762
Income taxes
€147▲
2024 · €146
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | - | €542,369 | €490,704 | €856,033 | €406,012 |
| Debts guaranteed by Belgian public bodies | €544,398 | - | - | - | - |
| Mortgages, amount registered | €150,000 | €671,689 | €671,689 | €671,689 | €671,689 |
| Carrying value of the mortgaged assets | €384,151 | €364,066 | €339,186 | €311,392 | €283,598 |
| Pledge on the business | €214,500 | - | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €18,315 | - | - | - |
| Intangible fixed assets | €11,240 | €1,061 | - | - | - |
| Depreciation and write-downs of the year | €31,734 | €32,300 | €33,703 | €31,094 | €30,978 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2025 · 1 entry · €2,530 awarded · €2,530 paidAnnual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €94,671 | - | - | - | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €30,512 | €0 | €21,479 | €31,734 | €32,300 | €33,703 | €31,094 | €30,978 | ▼ 0.4% |
| Other operating charges640/8 | - | - | - | €13,409 | €12,939 | €15,580 | €12,585 | €13,648 | ▲ 8.4% |
| Non-recurring operating charges66A | - | - | - | €0 | - | - | - | - | - |
| Gross operating margin9900 | -€20,950 | -€6,850 | -€22,663 | -€27,080 | €11,482 | €34,262 | €37,831 | €32,923 | ▼ 13.0% |
| Operating profit (loss)9901 | -€63,605 | -€18,908 | -€59,606 | -€72,223 | -€33,757 | -€15,021 | -€5,848 | -€11,703 | ▼ 100% |
| Financial income75/76B | - | - | - | €188 | €1 | €0 | €0 | €0 | ▼ 100% |
| Recurring financial income75 | €0 | €0 | €0 | €188 | €1 | €0 | €0 | €0 | ▼ 100% |
| Financial charges65/66B | - | - | - | €12,884 | €15,132 | €16,802 | €19,169 | €17,115 | ▼ 10.7% |
| Recurring financial charges65 | €16,698 | €15,925 | €16,594 | €12,884 | €15,132 | €16,802 | €19,169 | €17,115 | ▼ 10.7% |
| Profit (loss) for the period before taxes9903 | -€80,303 | -€34,832 | -€76,200 | -€84,919 | -€48,888 | -€31,823 | -€25,017 | -€28,818 | ▼ 15.2% |
| Income taxes67/77 | €630 | €288 | €393 | €427 | €250 | €261 | €146 | €147 | ▲ 0.1% |
| Profit (loss) for the period9904 | -€80,933 | -€35,120 | -€76,593 | -€85,346 | -€49,138 | -€32,083 | -€25,164 | -€28,965 | ▼ 15.1% |
| Profit (loss) for the period to be appropriated9905 | -€80,933 | -€35,120 | -€76,593 | -€85,346 | -€49,138 | -€32,083 | -€25,164 | -€28,965 | ▼ 15.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.9m | €0.9m | €0.8m | €0.9m | €0.8m | €0.8m | €0.7m | €0.7m | ▼ 2.6% |
| Formation expenses20 | €0 | - | - | - | - | - | - | - | - |
| Fixed assets21/28 | €0.8m | €0.9m | €0.8m | €0.8m | €0.8m | €0.8m | €0.7m | €0.7m | ▼ 4.2% |
| Intangible fixed assets21 | €0 | - | €0.004m | €0.01m | €0.01m | €0.008m | €0.004m | €0.001m | ▼ 73.0% |
| Tangible fixed assets22/27 | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.3m | €0.3m | €0.3m | ▼ 8.9% |
| Land and buildings22 | - | - | - | €0.4m | €0.4m | €0.3m | €0.3m | €0.3m | ▼ 8.6% |
| Plant, machinery and equipment23 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.008m | ▼ 18.8% |
| Furniture and vehicles24 | - | - | - | €0 | €0.006m | €0.004m | €0 | - | - |
| Financial fixed assets28 | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Current assets29/58 | €0.02m | €0.04m | €0.01m | €0.04m | €0.03m | €0.02m | €0.006m | €0.02m | ▲ 195% |
| Stocks and contracts in progress3 | €0.01m | €0.008m | €0.002m | €0.02m | €0.02m | €0.02m | €0 | - | - |
| Stocks30/36 | - | - | - | €0.02m | €0.02m | €0.02m | €0 | - | - |
| Amounts receivable within one year40/41 | €0.002m | €0.02m | €0.005m | €0.01m | €0.007m | €0.005m | €0.005m | €0.01m | ▲ 146% |
| Trade receivables40 | - | - | - | €0.01m | €0.007m | €0.005m | €0.005m | €0.005m | = |
| Other amounts receivable41 | - | - | - | - | - | - | - | €0.008m | - |
| Current investments50/53 | €0 | - | - | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.005m | €0.005m | €0.001m | €0.004m | €0.004m | €0.003m | €256 | €0.005m | ▲ 18× |
| Deferred charges and accrued income490/1 | - | - | - | €0.002m | €461 | €485 | €0.001m | €0.001m | ▲ 6.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.9m | €0.9m | €0.8m | €0.9m | €0.8m | €0.8m | €0.7m | €0.7m | ▼ 2.6% |
| Equity10/15 | €0.04m | €0.006m | -€0.07m | -€0.2m | -€0.2m | -€0.2m | -€0.3m | -€0.3m | ▼ 11.0% |
| Contributions10/11 | €0.2m | €0.2m | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Reserves13 | €0 | - | - | - | - | - | - | - | - |
| Profit (loss) carried forward14 | -€0.2m | -€0.2m | -€0.3m | -€0.4m | -€0.4m | -€0.4m | -€0.5m | -€0.5m | ▼ 6.3% |
| Provisions and deferred taxes16 | €0 | - | - | - | - | - | - | - | - |
| Amounts payable17/49 | €0.8m | €0.9m | €0.9m | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | ▲ 1.0% |
| Amounts payable after more than one year17 | €0.6m | €0.7m | €0.7m | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | ▲ 3.0% |
| Financial debts170/4 | - | - | - | €0.5m | €0.5m | €0.5m | €0.6m | €0.5m | ▼ 7.7% |
| Other amounts payable178/9 | - | - | - | €0.3m | €0.3m | €0.4m | €0.2m | €0.3m | ▲ 27.1% |
| Amounts payable within one year42/48 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 7.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.07m | €0.06m | €0.05m | €0.05m | €0.05m | ▲ 2.1% |
| Financial debts43 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Credit institutions430/8 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Trade debts44 | €0.006m | €0.01m | €0.009m | €0.01m | €0.01m | €0.009m | €0.02m | €0.008m | ▼ 66.5% |
| Suppliers440/4 | - | - | - | €0.01m | €0.01m | €0.009m | €0.02m | €0.008m | ▼ 66.5% |
| Taxes, remuneration and social security45 | - | - | - | €399 | €0.001m | €0.001m | €0.001m | €0.001m | ▼ 26.2% |
| Taxes450/3 | - | - | - | €399 | €0.001m | €0.001m | €0.001m | €0.001m | ▼ 26.2% |
| Other amounts payable47/48 | - | - | - | €0.04m | €0 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €0.004m | €0 | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€80,933 | -€35,120 | -€76,593 | -€85,346 | -€49,138 | -€32,083 | -€25,164 | -€28,965 | ▼ 15.1% |
| + Depreciation and write-downs630 | €30,512 | €0 | €21,479 | €31,734 | €32,300 | €33,703 | €31,094 | €30,978 | ▼ 0.4% |
| Operating cash flow (approximation) | -€50,421 | -€35,120 | -€55,114 | -€53,612 | -€16,839 | €1,619 | €5,930 | €2,014 | ▼ 66.0% |
| Investment in fixed assets (approximation) | - | -€23,269 | -€4,200 | -€11,240 | -€19,375 | €0 | €3,773 | €0 | ▼ 100% |
| Change in cash | - | €759 | -€4,551 | €2,744 | €325 | -€557 | -€3,077 | €4,290 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 01-06-2026 | 2026-00138502 | |
| 31-12-2024 | abbreviated format | 14-04-2025 | 2025-00070117 | |
| 31-12-2023 | abbreviated format | 07-06-2024 | 2024-00119975 | |
| 31-12-2022 | abbreviated format | 05-06-2023 | 2023-00114157 | |
| 31-12-2021 | abbreviated format | 07-07-2022 | 2022-20157215 | |
| 31-12-2020 | abbreviated format | 22-04-2021 | 2021-11000413 | |
| 31-12-2019 | abbreviated format | 20-07-2020 | 2020-31700595 | |
| 31-12-2018 | abbreviated format | 12-06-2019 | 2019-17900396 | |
| 31-12-2017 | micro format | 09-07-2018 | 2018-31100461 | |
| 31-12-2016 | abbreviated format | 22-06-2017 | 2017-20200271 |