MATIRO
ActiveMATIRO has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €187k and a net result of €28k. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 33% of 7750 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability74▲+1
Solvency54▲+4
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity short (current ratio 0.23 against 1.19 in 2024; short-term debt: 14.2% and cash: 0.2% of total assets), and 71.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
28.8%
Return on assets
4.3%
Age of the figures
15 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €187k
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 11-12-2025, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
51 d early
2024
on the day
2023
6 d early
2022
5 d early
2021
56 d early
2020
50 d early
2019
36 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close23-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€187k▲ 17.6%
2024 · €159k
2019: €170k
2020: €191k
2021: €209k
2022: €234k
2023: €160k
2024: €159k
2019 → 2025
Total assets
€650k▲ 1.2%
2024 · €642k
2019: €821k
2020: €847k
2021: €814k
2022: €800k
2023: €696k
2024: €642k
2019 → 2025
Net result
€28k▲ 19.9%
2024 · €23k
2019: €-2k
2020: €22k
2021: €18k
2022: €26k
2023: €11k
2024: €23k
2019 → 2025
Working capital
€-71k
2024 · €13k
2019: €168k
2020: €297k
2021: €236k
2022: €196k
2023: €40k
2024: €13k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€209k-€234k▲ 12.2%€160k▼ 31.9%€159k▼ 0.6%€187k▲ 17.6%
Operating result€28k-€41k▲ 44.2%€29k▼ 29.1%€46k▲ 58.9%€52k▲ 12.3%
Net result€18k-€26k▲ 43.4%€11k▼ 56.4%€23k▲ 110%€28k▲ 19.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 12% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €650k
Fixed assets
€628k▲ 11.5%
Current assets
€22k▼ 72.7%
Equity and liabilities €650k
Equity
€187k▲ 17.6%
Debt
€463k▼ 4.2%
The debt ratio falls from 75.3% to 71.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€83k▲
2024 · €73k
Cash flow
€60k▲
2024 · €50k
Solvency
28.8%▲
2024 · 24.7%
Current ratio
0.23▼
2024 · 1.19
Quick ratio
0.23▼
2024 · 1.19
Debt / equity
2.48▼
2024 · 3.04
ROE
15.0%▲
2024 · 14.7%
ROA
4.3%▲
2024 · 3.6%
Interest coverage
8.05▲
2024 · 6.33
Debt
€463k▼
2024 · €483k
Debt ≤ 1 year
€93k▲
2024 · €66k
Debt > 1 year
€368k▼
2024 · €416k
Income taxes
€14k▲
2024 · €11k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€642k€650k▲
Fixed assets21/28€563k€628k▲
Tangible fixed assets22/27€563k€628k▲
Land and buildings22€563k€628k▲
Current assets29/58€79k€22k▼
Amounts receivable within one year40/41€77k€19k▼
Trade receivables40€8k€0▼
Other amounts receivable41€69k€19k▼
Cash at bank and in hand54/58€665€1k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€642k€650k▲
Equity10/15€159k€187k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€97k€125k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€91k€119k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€483k€463k▼
Amounts payable after more than one year17€416k€368k▼
Financial debts170/4€416k€368k▼
Amounts payable within one year42/48€66k€93k▲
Current portion of amounts payable after more than one year42€46k€49k▲
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€2k€918▼
Suppliers440/4€2k€918▼
Advances received on contracts in progress46€1k€0▼
Taxes, remuneration and social security45€12k€10k▼
Taxes450/3€12k€10k▼
Other amounts payable47/48€5k€33k▲
Accrued charges and deferred income492/3€2k€2k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€32k▲
Other operating charges640/8€3k€3k▼
Gross operating margin9900€77k€86k▲
Operating profit (loss)9901€46k€52k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€12k€10k▼
Recurring financial charges65€12k€10k▼
Profit (loss) for the period before taxes9903€35k€42k▲
Income taxes67/77€11k€14k▲
Profit (loss) for the period9904€23k€28k▲
Profit (loss) for the period to be appropriated9905€23k€28k▲
Appropriation of the result
Profit (loss) to be appropriated9906€23k€28k▲
Transfer from equity791/2€24k€0▼
Transfer to equity691/2€23k€28k▲
To other reserves6921€23k€28k▲
Profit to be distributed694/7€24k€0▼
Return on contributions (dividend)694€24k€0▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
18-02
State Gazette act
Capital & shares · RestructuringGeneral meeting · Demerger · Incorporation15 facts ▸
State Gazette act
Capital & shares · Restructuring
General meeting · Demerger · Incorporation15 facts ▸
- General meeting, 2026-01-30
- Demerger, partial split by incorporation, 2025-07-01
- Incorporation, 2026-01-30
- Founding capital, €18.148,74
- Share issue, 620
- Corporate purpose, Het opnemen van mandaat als bestuurder in vennootschappen; De verhuur en terbeschikkingstelling van al dan niet gemeubelde appartementen en huizen, kantoorgebou…
- Real estate, Appartement op de vijfde verdieping, Lippenslaan 32, Knokke-Heist, Kadaster sectie H nummer 110 P0002, oppervlakte 2a, kadastraal inkomen 1.009 EUR
- Director appointment, Adelbert Matthys (bestuurder)
- Director appointment, Liesbet De Smet (bestuurder)
- Permanent representative, Adelbert Matthys
- Mandate compensation, Adelbert Matthys
- Mandate compensation, Liesbet De Smet
- +3 further facts in this act
2025
11-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Highest result since 2019net €28k ▲19.9%
Operating result €52k, net result €28k, both a record.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
06-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Equity above €200kEq €209k ▲9.3%
2 profitable years in a row build equity to €209k.
2020
12-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Back to profitnet €22k
Net result €22k after one loss-making year.
30-06
Financial
Liquidity triplescurrent ratio 5.79
Current ratio from 1.78 to 5.79; short-term debt falls from €214k to €62k.
2019
26-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
21-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
04-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
21-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
01-02-2026
Adelbert Matthys: Resigned as Director
01-02-2026
Liesbet De Smet: Resigned as Director
30-01-2026
Adelbert Matthys: Appointed as Director
30-01-2026
Liesbet De Smet: Appointed as Director
Location & real-estate footprint
Registered office, Ninove · 1 establishment unit since 2003
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
't Angereelstraat(App) 29400 NinoveGround area
1,490 m²
Building footprint
624 m²
Volume, LiDAR
2,941 m³
2 parcels, Flanders · tallest building 11.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
MATIRO
since 20032.134.736.111
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41003B0332/00S000 | Flanders | 774 m² | 1 · 299 m² | 7.7 m · 1 fl. |
| 41003B0334/00H000 | Flanders | 716 m² | 1 · 326 m² | 11.4 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
2 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Structure & network
Acquisitions and mergers
1 transactionContributed a business line to:LIBELI
Capital and shareholders
Founding capital 18,148.74 EUR · 620 shares
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 1,394 EUR awarded · 1,394 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,394 EUR | 1,394 EUR |
Schemes
Retroactieve investeringspremie voor eigenaars van zonnepanelen na afschaffing van terugdraaiende teller
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Of 11,225 companies in sector 82100 we hold annual accounts for 3,511. 2,493 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-11-2003
Fiscal year end30-06
Activities, NACEBEL
74851
82100Office administrative and support services
82190Office administrative, office support and other business support activities
68110Buying and selling of own real estate
70120
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.