Losses
-€19,361 in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
MATIZ.
Lifetime
18 annual accounts with figures on one time axis, 22 filings since 2004peak €55,811 (2023)
€18,368▼ 54.8%
lowest -€17,341 (2025)
-€17,341▼ €15,322
peak €31,911 (2023)
€12,551▼ 58.0%
€15,297▼ 36.9%
peak 0.9 FTE (2011)
-not published
Board2 names since 2021
2 directorsMustafa Salim CAYIRLI and 1 other
Documentsfilings and deeds
31-08-202631 days late
2025micro format
Gross margin from €40,627 to €18,368Loss of €17,341Equity from €29,892 to €12,551Debts from €24,236 to €15,297Cash from €26,904 to €16,954
Key points
from the 2025 annual accountsChecked score
50
Fair
Financially stronger than 40% of micro companies in food and beverage service (NACE 56)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.1% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 23,796 companies (NACE 56, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.2%
01-2025: 1.2%● unchanged vs 12-2024
02-2025: 1.2%● unchanged vs 01-2025
03-2025: 1.2%● unchanged vs 02-2025
04-2025: 1.2%● unchanged vs 03-2025
05-2025: 1.1%▼ -0.1 percentage points vs 04-2025
06-2025: 1.1%● unchanged vs 05-2025
07-2025: 1.1%● unchanged vs 06-2025
08-2025: 1.6%▲ +0.5 percentage points vs 07-2025
09-2025: 1.9%▲ +0.3 percentage points vs 08-2025
10-2025: 0.9%▼ -1.0 percentage point vs 09-2025
11-2025: 0.9%● unchanged vs 10-2025
12-2025: 0.9%● unchanged vs 11-2025
01-2026: 0.8%▼ -0.1 percentage points vs 12-2025
02-2026: 0.8%● unchanged vs 01-2026
03-2026: 0.8%● unchanged vs 02-2026
04-2026: 0.8%● unchanged vs 03-2026
05-2026: 0.8%● unchanged vs 04-2026lowest value
06-2026: 1.9%▲ +1.1 percentage points vs 05-2026
07-2026: 2.0%▲ +0.1 percentage points vs 06-2026
08-2026: 2.8%▲ +0.8 percentage points vs 07-2026
09-2026: 3.1%▲ +0.3 percentage points vs 08-2026highest value
10-2026: 3.1%● unchanged vs 09-2026highest value
11-2026: 3.1%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Sector: Food and beverage service activities (NACE 56)
1 change of registered office in 24 months
Loss of €17,341, the second in a row (financial year 2025)
lowers risk
Liquidity: current ratio 1.54, cash €16,954
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, micro). It does better than 63% of them on solvency, 76% on liquidity, 8% on profitability and 13% on growth.
The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 5,831 companies had the same profile as MATIZ. has now. Each dot stands for 15 companies, two years later.
84.6%
were still trading
13.4%
stopped another way
1.7%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of MATIZ. itself is higher: 3.1% within 12 months. It rests on far more data about MATIZ. than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 5,831 companies, not a prediction for MATIZ.. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €500 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is ample, with a current ratio of 1.54 (1.89 in 2024), above the usual 1.5. Short-term debt is 54.9% and cash 60.9% of total assets. However, 54.9% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€17,341
raises risk · 2025 accounts filed 31 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
31 days late
2024
29 days late
2023
30 days late
2022
31 days late
2021
31 days late
2020
32 days late
2019
101 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 41 days after the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered office moved within Ghent
New registered office: Grootmeersweg 5-9050 Gent · Previous registered office: FREDERIK BURVENICHSTRAAT 133, 9000 GENT · General meeting of 03-04-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0860239649
Changes of role: Unal ERCAN (director) and Mustafa Salim CAYIRLI (director)
Director discharge: Unal ERCAN · Director discharge: Mustafa Salim CAYIRLI · 186 shares · Gazette deed
Incorporation
published on 08-07-2003 · Gazette deed
Comparable companies
same main activity, similar in size and ageThese companies have the same main activity as MATIZ.: limited-service restaurants, excluding mobile food services (NACE 56112). They are comparable in size and age: total assets between €26,100 and €35,800, founded between 1995 and 2006.
Official details
Source: KBO- Status
- Active since 03-07-2003Normal situation
- Activity
- Limited-service restaurants, excluding mobile food servicesNACE 56112
- Joint committee
- 302Hotels and catering · annual accounts 2021
- Financial year end
- 31 December
- Peppol
- Reachable since 16-12-2025
Annual accounts 2025
- ≈ €210,000estimated
- €27,848▼ 48.6%
- Employeeson 31-12-2025
- 4=
- Filing
- Filed on 31-08-2026
Insights on MATIZ.
MATIZ. files the micro format. That format states no turnover. The gross margin fell from €29,856 in 2008 to €18,368 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MATIZ.
- What is the company number of MATIZ.?
- The company number of MATIZ. is 0860.239.649. The VAT number is the same number with BE in front: BE 0860.239.649.
- Where is MATIZ. based?
- The registered office is at Grootmeersweg 5, 9050 Ghent.Company details
- What does MATIZ. do?
- According to the KBO register, the main activity is limited-service restaurants, excluding mobile food services (NACE 56112).
- What is the legal form of MATIZ.?
- MATIZ. is a private limited company (BV).
- When was MATIZ. founded?
- MATIZ. was founded on 03-07-2003.
- Is MATIZ. still active?
- Yes, MATIZ. is an active enterprise in the KBO register.
- How many employees does MATIZ. have?
- MATIZ. had an average of 3.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does MATIZ. fall under?
- In its 2021 annual accounts, MATIZ. states joint committee 302 (Hotels and catering).
- What is the turnover of MATIZ.?
- The turnover in financial year 2025 is ≈ €210,000. This figure is estimated from the gross margin of €18,368 and 133 comparable companies (NACE 56112). It probably lies between €130,000 and €350,000. It is a rough estimate.
- Is MATIZ. profitable?
- In financial year 2025, MATIZ. made a loss of €17,341.
- Where can I find the annual accounts of MATIZ.?
- MATIZ. filed 22 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MATIZ. due?
- MATIZ. must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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