Mato

Active

Private limited companyfounded 20215 yrs activeBroechemsesteenweg 58, 2531 Boechout, BelgiumKBO/BCE: BE 0762.972.405

Summary

The computed 12-month bankruptcy probability of Mato is 2.5% (moderate). The 2024 annual accounts show equity of €16k and a net result of €20k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 17% of 5894 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

54 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability82▲+27

Solvency34▲+11

Growth78▲+46

Track record94

Bankruptcy probability, 12 months

2.5% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €500 at 30 days acceptable

Liquidity short (current ratio 0.71 against 0.46 in 2023; short-term debt: 40% and cash: 14.1% of total assets), and 91.4% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 81

Relative position

BE, all sectors

reference

Sector 81

higher

← fewer bankruptcies more bankruptcies →

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

Solvency, return and age of the figures

Solvency

8.6%

Return on assets

10.4%

Age of the figures

21 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 5894 sector peers (2024).

NBB · sector comparison

Position among 5894 sector peers

Solvency

better than 17%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-09-2025, 47 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 · 4 filings

Deviation from the deadline

2025

not confirmed

2024

47 d late

2023

83 d late

2022

28 d late

2021

32 d early

← before the deadline after the deadline →

Checked, nothing found (1)

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

Financials · fiscal year 2024, micro schema

Turnover

€174k

EBIT margin

-11.2%

Net result

€20k

2023 · €-23k

2021: €1k 2022: €17k 2023: €-23k

2021 → 2024

Working capital

€-22k▲ 48.9%

2023 · €-43k

2021: €-27k 2022: €-9k 2023: €-43k

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Turnover€174k

Equity€2k-€20k▲ 724%€-4k€16k

Operating result€2k-€19k▲ 830%€-19k€24k

Net result€1k-€17k▲ 1,143%€-23k€20k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2024: €24k after a loss of €19k in 2023, the highest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €191k

71.6%

28.4%

Fixed assets €136k ▼ 20.9%

Current assets €54k ▲ 45.7%

Equity and liabilities €191k

91.4%

Equity €16k

Debt €174k

Debt finances 91.4% of the balance-sheet total.

Key figures and ratios

2024 value · change against 2023

EBITDA

€68k▲

2023 · €21k

Cash flow

€63k▲

2023 · €17k

Current ratio

0.71▲

2023 · 0.46

Debt to equity

10.65▲

2023 · -60.21

ROE

121.6%

ROA

10.4%▲

2023 · -11.1%

Interest coverage

16.07▲

2023 · 5.35

Debt ≤ 1 year

€76k▼

2023 · €80k

Debt > 1 year

€98k▼

2023 · €133k

Income taxes

€-45

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Filed annual accounts As filed with the NBB · 2024 against 2023 · 44 lines

Balance sheet Code20232024

Assets

Total assets20/58€210k€191k▼

Fixed assets21/28€173k€136k▼

Tangible fixed assets22/27€173k€136k▼

Plant, machinery and equipment23€44k€30k▼

Furniture and vehicles24€129k€106k▼

Current assets29/58€37k€54k▲

Amounts receivable within one year40/41€11k€12k▲

Trade receivables40€10k€11k▲

Other amounts receivable41€600€605▲

Cash at bank and in hand54/58€8k€27k▲

Deferred charges and accrued income490/1€19k€15k▼

Equity and liabilities

Total equity and liabilities10/49€210k€191k▼

Equity10/15€-4k€16k▲

Contributions10/11€1k€1k=

Reserves13€19k€19k=

Distributable reserves133€19k€19k=

Profit (loss) carried forward14€-23k€-3k▲

Amounts payable17/49€213k€174k▼

Amounts payable after more than one year17€133k€98k▼

Financial debts170/4€133k€98k▼

Amounts payable within one year42/48€80k€76k▼

Current portion of amounts payable after more than one year42€35k€35k▲

Trade debts44€2k€5k▲

Suppliers440/4€2k€5k▲

Taxes, remuneration and social security45€3k€6k▲

Taxes450/3€3k€6k▲

Other amounts payable47/48€40k€30k▼

Income statement Code20232024

Turnover70€174k-

Goods, raw materials, services and sundry goods60/61€147k-

Remuneration, social security and pensions62€3k-

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€40k€43k▲

Other operating charges640/8€6k€2k▼

Gross operating margin9900€30k€69k▲

Operating profit (loss)9901€-19k€24k▲

Financial income75/76B€1€21▲

Recurring financial income75€1€21▲

Financial charges65/66B€4k€4k▲

Recurring financial charges65€4k€4k▲

Profit (loss) for the period before taxes9903€-23k€20k▲

Income taxes67/77-€-45

Profit (loss) for the period9904€-23k€20k▲

Profit (loss) for the period to be appropriated9905€-23k€20k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-23k€-3k▲

Profit (loss) brought forward from the previous period14P-€-23k

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 6Financial 2Filings 4

2025

16-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 47 days late

2024

31-12

Financial Back to profitnet €20k

Net result €20k after one loss-making year.

22-10

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 83 days late

2023

31-12

Financial Weakest financial yearnet €-23k ▼234%

Net result drops to €-23k, the lowest in the series; recovery starts the following year.

28-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 28 days late

2022

29-06

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is 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, Boechout · 1 establishment unit since 2021

establishment The establishment unit on the map

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.

Broechemsesteenweg 582531 Boechout

Ground area

754 m²

Building footprint

144 m²

Volume, LiDAR

567 m³

Parcel 11047B0150/00L003, Flanders · tallest building 7.8 m, ±1 floor. Linked by address, not a title deed.

1 establishment unit

Mato

Broechemsesteenweg 58, 2531 BoechoutCrop and animal production, hunting and related service activities

since 20212.313.787.223

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11047B0150/00L003	Flanders	754 m²	1 · 144 m²	7.8 m · 1 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Public money · subsidies and aid

Flemish government

2022 to 2025 · 4 entries · 2,119 EUR awarded · 2,119 EUR paid

Year	Entries	awarded	paid
2025	1	0 EUR	70 EUR
2024	1	70 EUR	0 EUR
2023	1	1,500 EUR	1,500 EUR
2022	1	549 EUR	549 EUR

Schemes

Subsidies ecologisch en veilig transport (stopgezet)

1 entry · 1,500 EUR · 1,500 EUR paid · Departement Mobiliteit en Openbare Werken

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

3 entries · 619 EUR · 619 EUR paid · Fonds voor Innoveren en Ondernemen

Recognitions · licences · registrations

Recognised contractor

5 categories

Mato BV43925

category C, class 1 · category C1, class 1 · category G, class 1 · category G3, class 1 · category G5, class 1

decision 04-06-2024

Similar companies · same sector, comparable size

Buggenhout · Eq €16,332

ROXAFLORA

BE 0647.516.669

Pont-à-Celles · Eq €16,390

Grobbendonk · Eq €16,319

Of 21,216 companies in sector 81300 we hold annual accounts for 4,362. 2,959 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded05-02-2021

Fiscal year end31-12

Activities, NACEBEL 2025

81300Landscape service activities

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.