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Mato

Active
Private limited companyfounded 201510 yrs activeSpaansemolenstraat 9, 2040 Antwerpen, BelgiumKBO/BCE: BE 0644.793.048
Summary

The computed 12-month bankruptcy probability of Mato is 2.0% (moderate). The annual accounts of Mato for fiscal year 2024 show a net loss of 73% of total assets and of 51% of the equity at the start of that year. The 2024 annual accounts show equity of €3,102 and a net result of -€3,202. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability0=
Solvency96▼-4
Growth52=
Track record100
Bankruptcy probability, 12 months
2.0% Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
balance sheet total too small for a liquidity verdict.
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Signals

Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
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 2024
Age of the figures
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024
Net result per financial year
18192021222324
2018 to 2024 · latest year -€3,202
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-04-2025, 115 days ahead of the deadline.
NBB · 9 filings
Deviation from the deadline
2025
not confirmed
2024
115 d early
2023
51 d early
2022
49 d early
2021
34 d early
2020
5 d late
2019
28 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 45 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

Mato was incorporated on 23 December 2015.1 Total assets went from EUR 4,467 in 2018 to EUR 4,399 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, abbreviated schema

Equity
€3,102▼ 50.8%
2023 · €6,304
Total assets
€4,399▼ 42.1%
2023 · €7,599
Net result
-€3,202▲ 39.2%
2023 · -€5,265
Working capital
€6,599▼ 44.5%
2022 · €11,881
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Operating result-€1,731▼ 244%-€1,766▼ 2.0%-€1,807▼ 2.4%-€5,380▼ 198%-€3,260▲ 39.4%
Net result-€1,731▼ 219%€198,204-€1,322-€5,265▼ 298%-€3,202▲ 39.2%
Equity-€314€12,891€11,569▼ 10.3%€6,304▼ 45.5%€3,102▼ 50.8%
Total assets€1,469▼ 46.0%€199,692▲ 13,492%€13,381▼ 93.3%€7,599▼ 43.2%€4,399▼ 42.1%
Debt€1,783▲ 36.9%€186,802▲ 10,377%€1,813▼ 99.0%€1,295▼ 28.6%€1,298▲ 0.2%
Working capital-€31€13,192€11,881▼ 9.9%€6,599▼ 44.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€100,000€0€100,000€200,000Operating result 2020: -€1,731-€1,731Net result 2020: -€1,731-€1,731Operating result 2021: -€1,766-€1,766Net result 2021: €198,204€198,204Operating result 2022: -€1,807-€1,807Net result 2022: -€1,322-€1,322Operating result 2023: -€5,380-€5,380Net result 2023: -€5,265-€5,265Operating result 2024: -€3,260-€3,260Net result 2024: -€3,202-€3,20220202021202220232024-€6,000-€4,000-€2,000€0Operating result 2022: -€1,807-€1,810Net result 2022: -€1,322-€1,320Operating result 2023: -€5,380-€5,380Net result 2023: -€5,265-€5,270Operating result 2024: -€3,260-€3,260Net result 2024: -€3,202-€3,200202220232024
The operating result stays negative: a loss of €3,260 in 2024 against €5,380 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4,399
Fixed assets €1,000 =
Current assets €3,399 ▼ 48.5%
Equity and liabilities €4,399
Equity €3,102 ▼ 50.8%
Debt €1,298 ▲ 0.2%
Debt's share of the balance-sheet total rises from 17.0% to 29.5%. Equity is lower and debt is higher.

Peer companies

Historical observation

Of the 4,815 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 88% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
1.9% went bankrupt
9.8% stopped otherwise
88% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.0% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 4,815 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 27 lines
Balance sheet Code20232024
Assets
Total assets20/58€7,599€4,399▼
Fixed assets21/28€1,000€1,000=
Financial fixed assets28€1,000€1,000=
Current assets29/58€6,599€3,399▼
Amounts receivable within one year40/41€5,911€2,999▼
Other amounts receivable41€5,911€2,999▼
Cash at bank and in hand54/58€688€400▼
Equity and liabilities
Total equity and liabilities10/49€7,599€4,399▼
Equity10/15€6,304€3,102▼
Contributions10/11€12,400€12,400=
Profit (loss) carried forward14-€6,096-€9,298▼
Amounts payable17/49€1,295€1,298▲
Amounts payable within one year42/48€0-
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€1,295€1,298▲
Income statement Code20232024
Other operating charges640/8€493€505▲
Gross operating margin9900-€4,887-€2,755▲
Operating profit (loss)9901-€5,380-€3,260▲
Financial income75/76B€145€88▼
Recurring financial income75€145€88▼
Financial charges65/66B€30€30=
Recurring financial charges65€30€30=
Profit (loss) for the period before taxes9903-€5,265-€3,202▲
Profit (loss) for the period9904-€5,265-€3,202▲
Profit (loss) for the period to be appropriated9905-€5,265-€3,202▲
Appropriation of the result
Profit (loss) to be appropriated9906-€6,096-€9,298▼
Profit (loss) brought forward from the previous period14P-€831-€6,096▼

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Other operating charges640/8-€449€490€493€505▲ 2.4%
Gross operating margin9900-€1,283-€1,317-€1,318-€4,887-€2,755▲ 43.6%
Operating profit (loss)9901-€1,731-€1,766-€1,807-€5,380-€3,260▲ 39.4%
Financial income75/76B-€200,000€516€145€88▼ 39.3%
Recurring financial income75-€200,000€516€145€88▼ 39.3%
Financial charges65/66B-€30€30€30€30=
Recurring financial charges65€0€30€30€30€30=
Profit (loss) for the period before taxes9903-€1,731€198,204-€1,322-€5,265-€3,202▲ 39.2%
Profit (loss) for the period9904-€1,731€198,204-€1,322-€5,265-€3,202▲ 39.2%
Profit (loss) for the period to be appropriated9905-€1,731€198,204-€1,322-€5,265-€3,202▲ 39.2%
Line20202021202220232024Change
Assets
Total assets20/58€1,469€199,692€13,381€7,599€4,399▼ 42.1%
Fixed assets21/28€1,000€1,000€1,000€1,000€1,000=
Financial fixed assets28€1,000€1,000€1,000€1,000€1,000=
Current assets29/58€469€198,692€12,381€6,599€3,399▼ 48.5%
Amounts receivable within one year40/41-€198,000€8,766€5,911€2,999▼ 49.3%
Other amounts receivable41-€198,000€8,766€5,911€2,999▼ 49.3%
Cash at bank and in hand54/58€469€692€3,616€688€400▼ 41.8%
Equity and liabilities
Total equity and liabilities10/49€1,469€199,692€13,381€7,599€4,399▼ 42.1%
Equity10/15-€314€12,891€11,569€6,304€3,102▼ 50.8%
Contributions10/11-€12,400€12,400€12,400€12,400=
Profit (loss) carried forward14-€12,714€491-€831-€6,096-€9,298▼ 52.5%
Amounts payable17/49€1,783€186,802€1,813€1,295€1,298▲ 0.2%
Amounts payable within one year42/48€500€185,500€500€0--
Trade debts44€0-----
Other amounts payable47/48-€185,500€500€0--
Accrued charges and deferred income492/3-€1,302€1,313€1,295€1,298▲ 0.2%
Line20202021202220232024Change
Profit (loss) for the period9904-€1,731€198,204-€1,322-€5,265-€3,202▲ 39.2%
Operating cash flow (approximation)-€1,731€198,204-€1,322-€5,265-€3,202▲ 39.2%
Investment in fixed assets (approximation)-€0€0€0€0-
Change in cash-€223€2,923-€2,928-€288▲ 90.2%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
07-04
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
10-06
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial Weakest financial yearnet -€5,265
Net result drops to -€5,265, the lowest in the series; recovery starts the following year.
12-06
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial Liquidity times 23current ratio 24.76
Current ratio from 1.07 to 24.76; short-term debt falls from €185,500 to €500.
27-06
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial Back to profitnet €198,204
Net result €198,204 after 3 loss-making years.
05-08
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema · 5 days late
2020
03-07
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-07
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
11-06
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-07
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 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
3 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, Antwerpen · 1 establishment unit since 2015
seat establishment The establishment unit on the map
Ground area
2,315 m²
Building footprint
182 m²
Volume, LiDAR
1,084 m³
Parcel 11820C0002/00W000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
Spaansemolenstraat 9, 2040 Antwerpen
Holdings
since 20152.250.360.804
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11820C0002/00W000 Flanders 2,315 m² 1 · 182 m² 8.4 m · 2 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 owner · 1 holding

Owners 1

Holdings 1

According to the 2024 annual accounts of Mato and those 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.

Identification & contact

Identification
Legal formPrivate limited company
Founded23-12-2015
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:0644793048
Also 9925:BE0644793048
Registered 17-10-2025

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.