MATINAL (0799.875.361): financials and annual accounts

MATINAL

Auderghem ·KBO/BCE: BE 0799.875.361

Line	2025	2024	2023
Balance sheet: assets
Total assets`20/58`	393,224	408,363	349,720
Fixed assets`21/28`	267,242	288,781	292,060
Intangible fixed assets`21`	93,820	101,852	112,904
Tangible fixed assets`22/27`	173,255	186,762	178,990
Land and buildings`22`	152,642	161,229	150,695
Plant, machinery and equipment`23`	4,535	6,575	8,615
Furniture and vehicles`24`	16,077	18,958	19,680
Financial fixed assets`28`	167	167	167
Current assets`29/58`	125,982	119,582	57,660
Stocks and contracts in progress`3`	5,560	8,923	8,331
Stocks`30/36`	5,560	8,923	8,331
Amounts receivable within one year`40/41`	61,178	65,467	33,372
Trade receivables`40`	47,584	18,922	8,546
Other amounts receivable`41`	13,594	46,545	24,826
Cash at bank and in hand`54/58`	58,851	43,892	15,508
Deferred charges and accrued income`490/1`	392	1,301	448
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	393,224	408,363	349,720
Equity`10/15`	-211,040	-75,037	-1,897
Contributions`10/11`	121,720	121,720	121,720
Profit (loss) carried forward`14`	-332,760	-196,757	-123,617
Amounts payable`17/49`	604,264	483,399	351,617
Amounts payable after more than one year`17`	483,447	396,866	295,771
Financial debts`170/4`	483,447	396,866	295,771
Amounts payable within one year`42/48`	120,817	78,929	48,281
Trade debts`44`	112,178	70,718	44,416
Suppliers`440/4`	112,178	70,718	44,416
Taxes, remuneration and social security`45`	8,639	8,211	1,331
Taxes`450/3`	761	1,235	397
Remuneration and social security`454/9`	7,878	6,976	933
Other amounts payable`47/48`	-	0	2,534
Accrued charges and deferred income`492/3`	-	7,605	7,566
Income statement
Turnover`70`	347,981	324,397	-
Gross operating margin`9900`	38,660	55,556	-61,109
Goods, raw materials, services and sundry goods`60/61`	309,962	268,840	-
Remuneration, social security and pensions`62`	125,635	84,361	39,242
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	28,150	25,886	15,220
Other operating charges`640/8`	1,843	387	1,186
Operating profit (loss)`9901`	-116,967	-55,079	-116,758
Financial income`75/76B`	-	-	0
Recurring financial income`75`	-	-	0
Financial charges`65/66B`	19,036	18,061	6,859
Recurring financial charges`65`	19,036	18,061	6,859
Profit (loss) for the period before taxes`9903`	-136,003	-73,140	-123,617
Profit (loss) for the period`9904`	-136,003	-73,140	-123,617
Profit (loss) for the period to be appropriated`9905`	-136,003	-73,140	-123,617
Appropriation of the result
Profit (loss) to be appropriated`9906`	-332,760	-196,757	-123,617
Profit (loss) brought forward from the previous period`14P`	-196,757	-123,617	-
Social balance sheet
Average staff (FTE)`9087`	3.7	2.5	1.1
Hours worked`1013`	5,823	4,693	2,061
Document	PDF	PDF	PDF

Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	06-07-2026	2026-00270173	PDF
31-12-2024	full format	29-07-2025	2025-00332841	PDF
31-12-2023	full format	23-07-2024	2024-00279071	PDF

Line	2025	2024	2023
EBITDA	-88,817	-29,192	-101,538
Cash flow	-107,854	-47,254	-108,397
Investment in fixed assets	6,611	22,607	307,280
Change in cash	14,960	28,383	-
Working capital	5,165	40,654	9,379
EBIT margin	-33.6%	-17.0%	-
Solvency	-53.7%	-18.4%	-0.5%
Current ratio	1.04	1.52	1.19
Quick ratio	1.00	1.40	1.02
ROA	-34.6%	-17.9%	-35.3%
Interest coverage	-4.67	-1.62	-14.80
Customer credit	50 days	21 days	-
Supplier credit	132 days	96 days	-

Item	31-12-2025	31-12-2024	31-12-2023
Employees at the balance-sheet date	3	4	2
full-time	1	2	2
part-time	2	2	-
in full-time equivalents	1.9	2.7	2
Average over the year, in full-time equivalents	3.7	2.5	1.1
On a permanent contract	1	1	1
Joined	24	22	6
Left	25	19	5

Item	2025	2024	2023
Overdue tax debts	€761	-	-
Overdue social security (RSZ) debts	€2,228	-	-

MATINAL

Annual accounts 2025

Money flows

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency-53.7%

Current ratio1.04

Return on assets-34.6%

Staff

Staff cost per FTE€33,955

Joined and left-1

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Overdue debts

Investments

Insights on MATINAL

Next steps

Item	2025	2024	2023
Tangible fixed assets	€1,739	€21,169	€184,663
Intangible fixed assets	€4,872	€1,438	€122,450
Financial fixed assets	-	-	€167
Depreciation and write-downs of the year	€28,150	€25,886	€15,220