MATINEE
ActiveSummary
MATINEE has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€88,588) and a net result of €100,307. Equity is shrinking by ~13.7% per year across the filed fiscal years. Its solvency ranks better than 13% of 826 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.49 against 0.03 in 2024; short-term debt: 56.3% and cash: 61.2% of total assets), and equity is negative.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+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 →
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 · 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
-52.3%
Return on assets
59.3%
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 13% of 826 sector peers (2025).
NBB · sector comparisonPosition among 826 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
51 d early
2023
28 d late
2022
29 d late
2021
23 d late
2020
23 d late
2019
20 d late
← 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 15 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% 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. Usually files around 29 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€100,307
2024 · -€106,011
Working capital
€46,765
2024 · -€220,420
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service 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€31,022€17,631▼ 43.2%-€24,131-€112,221▼ 365%€102,540
Net result€24,636within the sector's middle half€13,049within the sector's middle half▼ 47.0%-€27,853below the sector's middle half-€106,011below the sector's middle half▼ 281%€100,307
Equity-€68,079below the sector's middle half▲ 26.6%-€55,030below the sector's middle half▲ 19.2%-€82,884below the sector's middle half▼ 50.6%-€188,895below the sector's middle half▼ 128%-€88,588▲ 53.1%
Total assets€81,096within the sector's middle half▲ 1.7%€117,556within the sector's middle half▲ 45.0%€88,762within the sector's middle half▼ 24.5%€39,361below the sector's middle half▼ 55.7%€169,270▲ 330%
Debt€149,175▼ 13.5%€172,587▲ 15.7%€171,646▼ 0.5%€228,256▲ 33.0%€257,857▲ 13.0%
Working capital-€101,347below the sector's middle half▲ 16.8%-€98,716below the sector's middle half▲ 2.6%-€120,493below the sector's middle half▼ 22.1%-€220,420below the sector's middle half▼ 82.9%€46,765
Solvency-83.9%below the sector's middle half▲ 32.3pp-46.8%below the sector's middle half▲ 37.1pp-93.4%below the sector's middle half▼ 46.6pp-479.9%below the sector's middle half▼ 386.5pp-52.3%▲ 427.6pp
Current ratio0.23below the sector's middle half▲ 0.100.42below the sector's middle half▲ 0.190.30below the sector's middle half▼ 0.130.03below the sector's middle half▼ 0.261.49▲ 1.46
Return on assets (ROA)30.4%above the sector's middle half▲ 143.5pp11.1%within the sector's middle half▼ 19.3pp-31.4%below the sector's middle half▼ 42.5pp-269.3%below the sector's middle half▼ 238.0pp59.3%▲ 328.6pp
Staff (FTE)2.8▼ 42.9%8.1▲ 189%7.5▼ 7.4%5.3
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €102,540 after a loss of €112,221 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €169,270
Fixed assets
€27,220 ▼ 13.7%
Current assets
€142,050 ▲ 1,713%
Key figures and ratios
EBITDA
€109,501▲
2024 · -€104,741
Cash flow
€107,268▲
2024 · -€98,531
Quick ratio
1.23▲
2024 · 0.03
Debt to equity
-2.91▼
2024 · -1.21
Interest coverage
49.03▲
2024 · -10.68
Debt ≤ 1 year
€95,285▼
2024 · €228,256
Debt > 1 year
€162,573
Staff costs
€187,046▼
2024 · €203,208
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,798 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 91% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.5%
went bankrupt
5.3%
stopped otherwise
91%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% 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 497,662 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 3,798 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €49,709 | €156,602 | €215,312 | €203,208 | €187,046 | ▼ 8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,095 | €10,781 | €8,286 | €7,480 | €6,961 | ▼ 6.9% |
| Other operating charges640/8 | €367 | €3,285 | €115 | €6,094 | €718 | ▼ 88.2% |
| Non-recurring operating charges66A | - | - | - | - | €1,144 | - |
| Gross operating margin9900 | €92,193 | €188,299 | €199,582 | €104,561 | €298,409 | ▲ 185% |
| Operating profit (loss)9901 | €31,022 | €17,631 | -€24,131 | -€112,221 | €102,540 | ▲ 191% |
| Financial income75/76B | €0 | €74 | €76 | €16,021 | €1 | ▼ 100.0% |
| Recurring financial income75 | €0 | €74 | €76 | €482 | €1 | ▼ 99.8% |
| Non-recurring financial income76B | - | - | - | €15,539 | - | - |
| Financial charges65/66B | €6,386 | €4,657 | €3,798 | €9,811 | €2,233 | ▼ 77.2% |
| Recurring financial charges65 | €6,386 | €4,657 | €3,798 | €9,811 | €2,233 | ▼ 77.2% |
| Profit (loss) for the period before taxes9903 | €24,636 | €13,049 | -€27,853 | -€106,011 | €100,307 | ▲ 195% |
| Profit (loss) for the period9904 | €24,636 | €13,049 | -€27,853 | -€106,011 | €100,307 | ▲ 195% |
| Profit (loss) for the period to be appropriated9905 | €24,636 | €13,049 | -€27,853 | -€106,011 | €100,307 | ▲ 195% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €81,096 | €117,556 | €88,762 | €39,361 | €169,270 | ▲ 330% |
| Fixed assets21/28 | €50,587 | €44,831 | €37,609 | €31,525 | €27,220 | ▼ 13.7% |
| Tangible fixed assets22/27 | €50,491 | €39,710 | €32,487 | €26,404 | €22,098 | ▼ 16.3% |
| Plant, machinery and equipment23 | €39,219 | €32,593 | €26,934 | €22,414 | €15,633 | ▼ 30.3% |
| Furniture and vehicles24 | €2,591 | €0 | - | - | €3,790 | - |
| Other tangible fixed assets26 | €8,681 | €7,117 | €5,553 | €3,989 | €2,675 | ▼ 32.9% |
| Financial fixed assets28 | €97 | €5,122 | €5,122 | €5,122 | €5,122 | = |
| Current assets29/58 | €30,509 | €72,725 | €51,153 | €7,835 | €142,050 | ▲ 1,713% |
| Stocks and contracts in progress3 | €1,350 | €1,350 | €1,350 | €0 | €24,639 | - |
| Stocks30/36 | €1,350 | €1,350 | €1,350 | €0 | €24,639 | - |
| Amounts receivable within one year40/41 | €1,047 | €39,602 | €1,095 | €0 | €13,792 | - |
| Trade receivables40 | - | €50 | €0 | - | €13,792 | - |
| Other amounts receivable41 | €1,047 | €39,551 | €1,095 | €0 | - | - |
| Cash at bank and in hand54/58 | €26,416 | €29,498 | €46,838 | €7,835 | €103,619 | ▲ 1,222% |
| Deferred charges and accrued income490/1 | €1,695 | €2,275 | €1,870 | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €81,096 | €117,556 | €88,762 | €39,361 | €169,270 | ▲ 330% |
| Equity10/15 | -€68,079 | -€55,030 | -€82,884 | -€188,895 | -€88,588 | ▲ 53.1% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €50,431 | €50,431 | €50,431 | €50,431 | €50,431 | = |
| Non-distributable reserves130/1 | €499 | €499 | €499 | €499 | €499 | = |
| Legal reserve130 | €499 | €499 | €499 | €499 | €499 | = |
| Tax-exempt reserves132 | €15,386 | €15,386 | €15,386 | €15,386 | €15,386 | = |
| Distributable reserves133 | €34,546 | €34,546 | €34,546 | €34,546 | €34,546 | = |
| Profit (loss) carried forward14 | -€180,510 | -€167,462 | -€195,315 | -€301,326 | -€201,019 | ▲ 33.3% |
| Amounts payable17/49 | €149,175 | €172,587 | €171,646 | €228,256 | €257,857 | ▲ 13.0% |
| Amounts payable after more than one year17 | €17,319 | €1,146 | €0 | - | €162,573 | - |
| Financial debts170/4 | €17,319 | €1,146 | €0 | - | - | - |
| Other amounts payable178/9 | - | - | - | - | €162,573 | - |
| Amounts payable within one year42/48 | €131,856 | €171,441 | €171,646 | €228,256 | €95,285 | ▼ 58.3% |
| Current portion of amounts payable after more than one year42 | €15,265 | €16,173 | €1,146 | €0 | - | - |
| Financial debts43 | €8,682 | €0 | - | €39,520 | - | - |
| Credit institutions430/8 | €8,682 | €0 | - | €39,520 | - | - |
| Trade debts44 | €14,759 | €21,340 | €37,489 | €30,118 | €45,764 | ▲ 51.9% |
| Suppliers440/4 | €14,759 | €21,340 | €37,489 | €30,118 | €45,764 | ▲ 51.9% |
| Taxes, remuneration and social security45 | €23,037 | €51,379 | €45,451 | €14,856 | €33,483 | ▲ 125% |
| Taxes450/3 | €11,854 | €21,123 | €12,658 | €3,630 | €19,673 | ▲ 442% |
| Remuneration and social security454/9 | €11,183 | €30,255 | €32,793 | €11,227 | €13,810 | ▲ 23.0% |
| Other amounts payable47/48 | €70,114 | €82,550 | €87,560 | €143,762 | €16,038 | ▼ 88.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,636 | €13,049 | -€27,853 | -€106,011 | €100,307 | ▲ 195% |
| + Depreciation and write-downs630 | €11,095 | €10,781 | €8,286 | €7,480 | €6,961 | ▼ 6.9% |
| Operating cash flow (approximation) | €35,731 | €23,830 | -€19,568 | -€98,531 | €107,268 | ▲ 209% |
| Investment in fixed assets (approximation) | - | -€5,025 | -€1,063 | -€1,396 | -€2,656 | ▼ 90.2% |
| Change in cash | - | €3,082 | €17,340 | -€39,002 | €95,783 | ▲ 346% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
31-12
Financial
Back to profitnet €100,307
Net result €100,307 after 2 loss-making years.
31-12
Financial
Liquidity times 43current ratio 1.49
Current ratio from 0.03 to 1.49; short-term debt falls from €228,256 to €95,285.
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€106,011
Net result drops to -€106,011, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
31-12
Financial
Back to profitnet €24,636
Net result €24,636 after one loss-making year.
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
20-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 20 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
18-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 49 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Brugge · 1 establishment unit since 1988
Ground area
228 m²
Building footprint
149 m²
Volume, LiDAR
1,330 m³
Parcel 31802B0831/00B000, Flanders · tallest building 12.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
De Reien
since 19882.035.728.706
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31802B0831/00B000 ProtectedTownscape or village viewVismarkt, Huidenvettersplein en Rozenhoedkaai met omgevingSource ↗ |
Flanders | 228 m² | 1 · 149 m² | 12.8 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Structure & network
Owners and holdings
1 ownerChain of control
- ImerajA
- MATINEE
Highest known parent: ImerajA. The sources do not say who stands above it.
Owners 1
- ImerajAparentSourceaccounts ImerajA 202598%
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrugge2.035.728.706
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Of 20,509 companies in sector 56111 we hold annual accounts for 11,464. 2,554 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded03-03-1988
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0433487060
Also
9925:BE0433487060
Registered
11-09-2025
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.