MATREX
InactiveFinancials · financial year 2022, abbreviated format
Annual accounts 2022 filed on 28-07-2023 PDF all 31 filings
Turnover
≈ €700,000
Estimated: probably between €420,000 and €1.2m
Total assets
€1.0m▲ 10.6%
2021 · €911,366
Net result
€86,083▼ 59.6%
2021 · €212,819
Working capital
€276,794▲ 45.7%
2021 · €190,008
Multi-year overview
2018 to 2022, 5 financial yearsOperating result
€81,695
▼ 66.7%
2022
20182022
Net result
€86,083
▼ 59.6%
2022
20182022
Equity
€264,918
▲ 48.1%
2022
20182022
Total assets
€1.0m
▲ 10.6%
2022
20182022
Debt
€743,099
▲ 1.4%
2022
20182022
Working capital
€276,794
▲ 45.7%
2022
20182022
Staff (FTE)
1.8
▼ 10.0%
2022
20182022
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022
Operating result€0.2m--€0.008m€0.1m€0.2m▲ 87.3%€0.08m▼ 66.7%
Net result€0.2m--€0.02m€0.1m€0.2m▲ 54.9%€0.09m▼ 59.6%
Equity-€0.2m--€0.2m▼ 10.0%-€0.03m▲ 80.2%€0.2m€0.3m▲ 48.1%
Total assets€0.6m-€0.9m▲ 53.4%€0.7m▼ 26.1%€0.9m▲ 31.9%€1.0m▲ 10.6%
Debt€0.8m-€1.1m▲ 44.6%€0.7m▼ 34.5%€0.7m▲ 1.0%€0.7m▲ 1.4%
Working capital-€0.2m--€0.2m▼ 6.7%-€0.004m▲ 97.2%€0.2m€0.3m▲ 45.7%
Staff (FTE)0.5-1▲ 100%1.4▲ 40.0%2▲ 42.9%1.8▼ 10.0%
The operating result for 2022 is 67% lower than in 2021.
Large changes and their cause
- 2022 Net result -60% on 2021. Last accounts before the absorption by DUMAPLAST (Official Gazette 16-08-2023).
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €1.0m
Fixed assets
€289 ▼ 70.9%
Current assets
€1.0m ▲ 10.7%
Equity and liabilities €1.0m
Equity
€264,918 ▲ 48.1%
Debt
€743,099 ▲ 1.4%
Debt's share of the balance-sheet total falls from 80.4% to 73.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€82,398▼
2021 · €246,382
Cash flow
€86,786▼
2021 · €213,522
Current ratio
1.38▲
2021 · 1.26
Debt to equity
2.81▼
2021 · 4.10
ROE
32.5%▼
2021 · 119.0%
ROA
8.5%▼
2021 · 23.4%
Interest coverage
70.45▲
2021 · 9.54
Debt ≤ 1 year
€730,934▲
2021 · €720,366
Income taxes
€32,559▲
2021 · €7,041
Staff costs
€209,287▲
2021 · €203,218
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 |
|---|---|---|
| Employees at the balance-sheet date | 2 | 1 |
| full-time | 2 | 1 |
| part-time | 0 | 0 |
| in full-time equivalents | 2 | 1 |
| Average over the year, in full-time equivalents | 2 | 1.8 |
| On a permanent contract | 2 | 1 |
| Joined | - | 0 |
| Left | - | 1 |
Source: social balance sheet in the 2021 to 2022 annual accounts
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €203,218 | €209,287 | ▲ 3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €414 | €703 | €703 | = |
| Other operating charges640/8 | - | - | - | €2,374 | €6,281 | ▲ 165% |
| Gross operating margin9900 | €206,535 | €74,700 | €230,766 | €451,973 | €297,966 | ▼ 34.1% |
| Operating profit (loss)9901 | €162,213 | -€8,167 | €131,192 | €245,679 | €81,695 | ▼ 66.7% |
| Financial income75/76B | - | - | - | €0 | €38,117 | - |
| Recurring financial income75 | €5,220 | €613 | €17,744 | €0 | €38,117 | - |
| Financial charges65/66B | - | - | - | €25,818 | €1,170 | ▼ 95.5% |
| Recurring financial charges65 | €9,422 | €8,072 | €11,512 | €25,818 | €1,170 | ▼ 95.5% |
| Profit (loss) for the period before taxes9903 | €158,011 | -€15,626 | €137,424 | €219,861 | €118,642 | ▼ 46.0% |
| Income taxes67/77 | - | - | - | €7,041 | €32,559 | ▲ 362% |
| Profit (loss) for the period9904 | €158,011 | -€15,626 | €137,424 | €212,819 | €86,083 | ▼ 59.6% |
| Profit (loss) for the period to be appropriated9905 | €158,011 | -€15,626 | €137,424 | €212,819 | €86,083 | ▼ 59.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €0.6m | €0.9m | €0.7m | €0.9m | €1.0m | ▲ 10.6% |
| Fixed assets21/28 | - | - | €0.002m | €0.001m | €289 | ▼ 70.9% |
| Tangible fixed assets22/27 | - | - | €0.002m | €0.001m | €289 | ▼ 70.9% |
| Furniture and vehicles24 | - | - | - | €0.001m | €289 | ▼ 70.9% |
| Current assets29/58 | €0.6m | €0.9m | €0.7m | €0.9m | €1.0m | ▲ 10.7% |
| Amounts receivable within one year40/41 | €0.6m | €0.9m | €0.6m | €0.9m | €1.0m | ▲ 14.7% |
| Trade receivables40 | - | - | - | €0.8m | €0.9m | ▲ 17.8% |
| Other amounts receivable41 | - | - | - | €0.1m | €0.1m | ▼ 6.1% |
| Cash at bank and in hand54/58 | €0.02m | €0.07m | €0.04m | €0.04m | €0.007m | ▼ 80.1% |
| Deferred charges and accrued income490/1 | - | - | - | €0.002m | €0.001m | ▼ 54.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €0.6m | €0.9m | €0.7m | €0.9m | €1.0m | ▲ 10.6% |
| Equity10/15 | -€0.2m | -€0.2m | -€0.03m | €0.2m | €0.3m | ▲ 48.1% |
| Contributions10/11 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Capital10 | - | - | - | €0.2m | €0.2m | = |
| Issued capital100 | - | - | - | €0.2m | €0.2m | = |
| Reserves13 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | = |
| Legal reserve130 | - | - | - | €0.002m | €0.002m | = |
| Distributable reserves133 | - | - | - | €0.3m | €0.3m | = |
| Profit (loss) carried forward14 | -€0.7m | -€0.7m | -€0.5m | -€0.3m | -€0.2m | ▲ 26.1% |
| Amounts payable17/49 | €0.8m | €1.1m | €0.7m | €0.7m | €0.7m | ▲ 1.4% |
| Amounts payable within one year42/48 | €0.8m | €1.1m | €0.7m | €0.7m | €0.7m | ▲ 1.5% |
| Trade debts44 | €0.06m | €0.5m | €0.2m | €0.3m | €0.3m | ▲ 3.6% |
| Suppliers440/4 | - | - | - | €0.3m | €0.3m | ▲ 3.6% |
| Advances received on contracts in progress46 | - | - | - | €0.003m | €0.003m | = |
| Taxes, remuneration and social security45 | - | - | - | €0.07m | €0.08m | ▲ 10.7% |
| Taxes450/3 | - | - | - | €0.03m | €0.06m | ▲ 124% |
| Remuneration and social security454/9 | - | - | - | €0.05m | €0.02m | ▼ 51.6% |
| Other amounts payable47/48 | - | - | - | €0.3m | €0.3m | ▼ 2.5% |
| Accrued charges and deferred income492/3 | - | - | - | €0.01m | €0.01m | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €158,011 | -€15,626 | €137,424 | €212,819 | €86,083 | ▼ 59.6% |
| + Depreciation and write-downs630 | - | - | €414 | €703 | €703 | = |
| Operating cash flow (approximation) | €158,011 | -€15,626 | €137,838 | €213,522 | €86,786 | ▼ 59.4% |
| Investment in fixed assets (approximation) | - | - | - | €0 | €0 | - |
| Change in cash | - | €43,198 | -€27,821 | -€1,281 | -€29,361 | ▼ 2,193% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 31 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2022 | abbreviated format | 28-07-2023 | 2023-00286608 | |
| 31-12-2021 | abbreviated format | 29-07-2022 | 2022-20255446 | |
| 31-12-2020 | abbreviated format | 27-07-2021 | 2021-40500468 | |
| 31-12-2019 | abbreviated format | 03-07-2020 | 2020-26400581 | |
| 31-12-2018 | abbreviated format | 02-07-2019 | 2019-27600369 | |
| 31-12-2017 | abbreviated format | 20-07-2018 | 2018-35400533 | |
| 31-12-2016 | abbreviated format | 18-07-2017 | 2017-33500158 | |
| 31-12-2015 | abbreviated format | 14-07-2016 | 2016-31700279 | |
| 31-12-2014 | abbreviated format | 28-08-2015 | 2015-53300479 | |
| 31-12-2013 | abbreviated format | 29-08-2014 | 2014-54300561 |