Matim
ActiveSummary
Matim has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €202,662 and a net result of -€89,354. Equity is growing by ~2.7% per year across the filed fiscal years. Its solvency ranks better than 23% of 9336 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability29▼-8
Solvency29▼-3
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity short (current ratio 0.06 against 0.07 in 2024; short-term debt: 38.5% and cash: 1% of total assets), and 95.5% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 9336 sector peers (2025).
NBB · sector comparisonPosition among 9336 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-04-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
21 d early
2023
4 d early
2022
34 d early
2021
64 d early
2020
21 d early
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 25 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 9 April (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#9 oldest company in Aalst, Real estate sector
Equity
€202,662▼ 30.6%
2024 · €292,016
Total assets
€4.5m▲ 1.0%
2024 · €4.5m
Net result
-€89,354
2024 · €6,387
Working capital
-€1.6m▼ 19.7%
2024 · -€1.4m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€69,705▼ 55.8%€170,041▲ 144%€183,270▲ 7.8%€142,766▼ 22.1%€34,950▼ 75.5%
Net result€69,685within the sector's middle half▼ 53.2%€162,610above the sector's middle half▲ 133%€160,169above the sector's middle half▼ 1.5%€6,387within the sector's middle half▼ 96.0%-€89,354below the sector's middle half
Equity€262,850within the sector's middle half▼ 2.0%€275,460within the sector's middle half▲ 4.8%€285,629within the sector's middle half▲ 3.7%€292,016within the sector's middle half▲ 2.2%€202,662within the sector's middle half▼ 30.6%
Total assets€626,561below the sector's middle half▼ 3.2%€616,933below the sector's middle half▼ 1.5%€2.0mabove the sector's middle half▲ 223%€4.5mwithin the sector's middle half▲ 125%€4.5mabove the sector's middle half▲ 1.0%
Debt€363,712▼ 3.2%€341,473▼ 6.1%€1.7m▲ 400%€4.2m▲ 145%€4.3m▲ 3.2%
Working capital-€48,153within the sector's middle half▲ 38.0%-€53,372within the sector's middle half▼ 10.8%-€1.3mbelow the sector's middle half▼ 2,249%-€1.4mbelow the sector's middle half▼ 9.0%-€1.6mbelow the sector's middle half▼ 19.7%
Solvency42.0%within the sector's middle half▲ 0.5pp44.6%within the sector's middle half▲ 2.7pp14.3%within the sector's middle half▼ 30.3pp6.5%below the sector's middle half▼ 7.8pp4.5%below the sector's middle half▼ 2.0pp
Current ratio0.73within the sector's middle half▲ 0.120.70within the sector's middle half▼ 0.030.17below the sector's middle half▼ 0.530.07below the sector's middle half▼ 0.100.06below the sector's middle half▼ 0.01
Return on assets (ROA)11.1%above the sector's middle half▼ 11.9pp26.4%above the sector's middle half▲ 15.2pp8.0%above the sector's middle half▼ 18.3pp0.1%within the sector's middle half▼ 7.9pp-2.0%below the sector's middle half▼ 2.1pp
Staff (FTE)0within the sector's middle half1within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2024 Net result -96% on 2023. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 76% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.5m
Fixed assets
€4.4m ▲ 1.0%
Current assets
€106,912 ▲ 1.5%
Equity and liabilities €4.5m
Equity
€202,662 ▼ 30.6%
Debt
€4.3m ▲ 3.2%
Debt's share of the balance-sheet total rises from 93.5% to 95.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€192,450▼
2024 · €297,149
Cash flow
€68,146▼
2024 · €160,769
Debt to equity
21.33▲
2024 · 14.34
ROE
-44.1%▼
2024 · 2.2%
Interest coverage
1.55▼
2024 · 2.22
Debt ≤ 1 year
€1.7m▲
2024 · €1.5m
Debt > 1 year
€2.5m▼
2024 · €2.6m
Income taxes
€196▼
2024 · €2,525
Staff costs
€34,528
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 974 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency under 10%
- a small loss
2.1%
went bankrupt
4.5%
stopped otherwise
93%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 974 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €26,334 | €26,334 | €26,334 | €26,334 | = |
| Remuneration, social security and pensions62 | - | - | - | - | €34,528 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €56,683 | €51,746 | €63,795 | €154,382 | €157,500 | ▲ 2.0% |
| Other operating charges640/8 | - | €51,846 | €55,865 | €51,818 | €67,754 | ▲ 30.8% |
| Gross operating margin9900 | €177,392 | €273,634 | €302,930 | €348,966 | €294,732 | ▼ 15.5% |
| Operating profit (loss)9901 | €69,705 | €170,041 | €183,270 | €142,766 | €34,950 | ▼ 75.5% |
| Financial income75/76B | - | €0 | €0 | €45 | €0 | ▼ 100% |
| Recurring financial income75 | - | €0 | €0 | €45 | €0 | ▼ 100% |
| Financial charges65/66B | - | €2,767 | €19,394 | €133,900 | €124,108 | ▼ 7.3% |
| Recurring financial charges65 | €2,976 | €2,767 | €19,394 | €133,900 | €124,108 | ▼ 7.3% |
| Profit (loss) for the period before taxes9903 | €66,729 | €167,274 | €163,876 | €8,912 | -€89,158 | ▼ 1,100% |
| Transfer from deferred taxes780 | - | €0 | - | - | - | - |
| Income taxes67/77 | €156 | €4,663 | €3,707 | €2,525 | €196 | ▼ 92.3% |
| Profit (loss) for the period9904 | €69,685 | €162,610 | €160,169 | €6,387 | -€89,354 | ▼ 1,499% |
| Transfer from tax-exempt reserves789 | - | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €75,428 | €162,610 | €160,169 | €6,387 | -€89,354 | ▼ 1,499% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €626,561 | €616,933 | €2.0m | €4.5m | €4.5m | ▲ 1.0% |
| Fixed assets21/28 | €495,751 | €489,817 | €1.7m | €4.4m | €4.4m | ▲ 1.0% |
| Tangible fixed assets22/27 | €486,357 | €486,835 | €1.7m | €4.4m | €4.4m | ▲ 1.0% |
| Land and buildings22 | - | €223,193 | €1.4m | €4.1m | €4.1m | ▼ 0.2% |
| Plant, machinery and equipment23 | - | €2,086 | €1,807 | €1,527 | €1,247 | ▼ 18.3% |
| Furniture and vehicles24 | - | €681 | €603 | €525 | €447 | ▼ 14.8% |
| Leasing and similar rights25 | - | - | - | - | €24,625 | - |
| Other tangible fixed assets26 | - | €260,875 | €286,604 | €312,334 | €338,064 | ▲ 8.2% |
| Financial fixed assets28 | €9,394 | €2,981 | €2,981 | €2,981 | €2,981 | = |
| Current assets29/58 | €130,810 | €127,117 | €265,887 | €105,318 | €106,912 | ▲ 1.5% |
| Amounts receivable within one year40/41 | €29,002 | €46,075 | €8,060 | €36,179 | €25,957 | ▼ 28.3% |
| Trade receivables40 | - | €46,075 | €8,060 | €36,179 | €25,957 | ▼ 28.3% |
| Other amounts receivable41 | - | €0 | - | - | - | - |
| Cash at bank and in hand54/58 | €69,792 | €48,232 | €222,891 | €28,951 | €44,389 | ▲ 53.3% |
| Deferred charges and accrued income490/1 | - | €32,810 | €34,937 | €40,188 | €36,567 | ▼ 9.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €626,561 | €616,933 | €2.0m | €4.5m | €4.5m | ▲ 1.0% |
| Equity10/15 | €262,850 | €275,460 | €285,629 | €292,016 | €202,662 | ▼ 30.6% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | - | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | - | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Reserves13 | €201,350 | €213,960 | €224,129 | €230,516 | €141,162 | ▼ 38.8% |
| Non-distributable reserves130/1 | - | €12,395 | €12,395 | €12,395 | €12,395 | = |
| Legal reserve130 | - | €12,395 | €12,395 | €12,395 | €12,395 | = |
| Tax-exempt reserves132 | - | €15,502 | €15,502 | €15,502 | €15,502 | = |
| Distributable reserves133 | - | €186,063 | €196,232 | €202,619 | €113,265 | ▼ 44.1% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | - | - |
| Provisions and deferred taxes16 | €0 | - | - | - | - | - |
| Amounts payable17/49 | €363,712 | €341,473 | €1.7m | €4.2m | €4.3m | ▲ 3.2% |
| Amounts payable after more than one year17 | €135,219 | €122,272 | €109,122 | €2.6m | €2.5m | ▼ 3.8% |
| Financial debts170/4 | - | €122,272 | €109,122 | €2.6m | €2.5m | ▼ 3.8% |
| Other amounts payable178/9 | - | - | - | - | €1,350 | - |
| Amounts payable within one year42/48 | €178,964 | €180,489 | €1.5m | €1.5m | €1.7m | ▲ 18.4% |
| Current portion of amounts payable after more than one year42 | - | €14,018 | €14,237 | €110,509 | €126,184 | ▲ 14.2% |
| Trade debts44 | €40,005 | €6,126 | €81,368 | €131,974 | €136,292 | ▲ 3.3% |
| Suppliers440/4 | - | €6,126 | €81,368 | €131,974 | €136,292 | ▲ 3.3% |
| Taxes, remuneration and social security45 | - | €10,437 | €4,209 | €10,249 | €14,126 | ▲ 37.8% |
| Taxes450/3 | - | €10,437 | €4,209 | €10,249 | €7,046 | ▼ 31.2% |
| Remuneration and social security454/9 | - | - | - | - | €7,079 | - |
| Other amounts payable47/48 | - | €149,908 | €1.4m | €1.2m | €1.5m | ▲ 20.2% |
| Accrued charges and deferred income492/3 | - | €38,713 | €78,372 | €86,128 | €48,376 | ▼ 43.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €69,685 | €162,610 | €160,169 | €6,387 | -€89,354 | ▼ 1,499% |
| + Depreciation and write-downs630 | €56,683 | €51,746 | €63,795 | €154,382 | €157,500 | ▲ 2.0% |
| Operating cash flow (approximation) | €126,368 | €214,356 | €223,964 | €160,769 | €68,146 | ▼ 57.6% |
| Investment in fixed assets (approximation) | - | -€45,812 | -€1.3m | -€2.8m | -€200,173 | ▲ 92.9% |
| Change in cash | - | -€21,560 | €174,659 | -€193,940 | €15,438 | ▲ 108% |
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
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Weakest financial yearnet -€89,354
Net result drops to -€89,354, the lowest in the series.
09-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
26-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Highest result since 2018net €162,610 ▲133%
Net result €162,610, the highest in the series.
25-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
09-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
27-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
02-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 15 acts read
About the unread acts
We know of 15 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
15 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, Aalst · 1 establishment unit since 1982
Ground area
955 m²
Building footprint
199 m²
Volume, LiDAR
1,793 m³
Parcel 41002B0178/00Z000, Flanders · tallest building 13.1 m, ±3 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Capucienenlaan 89, 9300 Aalst
since 19822.021.478.020
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41002B0178/00Z000 | Flanders | 954 m² | 1 · 198 m² | 13.1 m · 3 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.
Structure & network
Owners and holdings
1 ownerChain of control
- MDP HOLDING
- Matim
Highest known parent: MDP HOLDING. The sources do not say who stands above it.
Owners 1
- MDP HOLDINGparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 9,146 companies in sector 68201 we hold annual accounts for 6,775. 4,804 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded17-11-1982
Fiscal year end30-09
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID
0208:0423475967
Also
9925:BE0423475967
Registered
14-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.