MATTA
ActiveSummary
The computed 12-month bankruptcy probability of MATTA is 12.4% (high). The 2024 annual accounts show negative equity (-€37,694) and a net result of -€1,492. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 18930 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability26▲+26
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
12.4%
High
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.26 against 0.3 in 2023; short-term debt: 243.6% and cash: 37.1% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
-143.6%
Return on assets
-5.7%
Age of the figures
21 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
2021222324
2020 to 2024 · latest year -€37,694
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-10-2025, 70 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
70 d late
2023
68 d late
2022
31 d late
2021
92 d late
2020
92 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 71 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€37,694▼ 4.1%
2023 · -€36,202
Total assets
€26,249▼ 26.8%
2023 · €35,876
Net result
-€1,492▲ 95.6%
2023 · -€34,201
Working capital
-€47,317▲ 6.7%
2023 · -€50,730
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-€17,087-€32,616-€29,821-€30,721▼ 3.0%€3,428
Net result-€16,066-€31,222-€32,157-€34,201▼ 6.4%-€1,492▲ 95.6%
Equity-€1,066-€30,156-€2,001-€36,202▼ 1,709%-€37,694▼ 4.1%
Total assets€35,344-€57,290▲ 62.1%€40,468▼ 29.4%€35,876▼ 11.3%€26,249▼ 26.8%
Debt€36,410-€27,135▼ 25.5%€42,469▲ 56.5%€72,078▲ 69.7%€63,943▼ 11.3%
Working capital-€14,899-€10,150-€19,002-€50,730▼ 167%-€47,317▲ 6.7%
Staff (FTE)0.81.3▲ 62.5%
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: €3,428 after a loss of €30,721 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €26,249
Fixed assets
€9,622 ▼ 33.8%
Current assets
€16,627 ▼ 22.1%
Key figures and ratios
EBITDA
€8,333▲
2023 · -€25,898
Cash flow
€3,413▲
2023 · -€29,378
Solvency
-143.6%▼
2023 · -100.9%
Current ratio
0.26▼
2023 · 0.30
Quick ratio
0.16▼
2023 · 0.20
Debt to equity
-1.70▲
2023 · -1.99
ROA
-5.7%▲
2023 · -95.3%
Interest coverage
1.72▲
2023 · -7.19
Debt ≤ 1 year
€63,943▼
2023 · €72,078
Income taxes
€70
Staff costs
€14,550▼
2023 · €41,815
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,570 companies that looked in July 2024 the way this one looks now, 4.6% went bankrupt within 24 months and 88% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a small loss
4.6%
went bankrupt
5.6%
stopped otherwise
88%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 12.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.6% |
| 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 74% 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 1,570 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €6,500 | €9,368 | €41,815 | €14,550 | ▼ 65.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,328 | €3,190 | €5,185 | €4,823 | €4,905 | ▲ 1.7% |
| Other operating charges640/8 | - | - | €585 | €8,621 | €7,658 | ▼ 11.2% |
| Non-recurring operating charges66A | - | - | €7,133 | - | - | - |
| Gross operating margin9900 | -€14,559 | €42,306 | -€7,550 | €24,538 | €30,541 | ▲ 24.5% |
| Operating profit (loss)9901 | -€17,087 | €32,616 | -€29,821 | -€30,721 | €3,428 | ▲ 111% |
| Financial income75/76B | - | €87 | €143 | €121 | €2 | ▼ 98.8% |
| Recurring financial income75 | €1,022 | €87 | €143 | €121 | €2 | ▼ 98.8% |
| Financial charges65/66B | - | €1,482 | €2,480 | €3,601 | €4,852 | ▲ 34.7% |
| Recurring financial charges65 | €1 | €1,482 | €2,480 | €3,601 | €4,852 | ▲ 34.7% |
| Profit (loss) for the period before taxes9903 | -€16,066 | €31,222 | -€32,157 | -€34,201 | -€1,422 | ▲ 95.8% |
| Income taxes67/77 | - | - | - | - | €70 | - |
| Profit (loss) for the period9904 | -€16,066 | €31,222 | -€32,157 | -€34,201 | -€1,492 | ▲ 95.6% |
| Profit (loss) for the period to be appropriated9905 | -€16,066 | €31,222 | -€32,157 | -€34,201 | -€1,492 | ▲ 95.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €35,344 | €57,290 | €40,468 | €35,876 | €26,249 | ▼ 26.8% |
| Fixed assets21/28 | €13,832 | €20,006 | €17,000 | €14,528 | €9,622 | ▼ 33.8% |
| Tangible fixed assets22/27 | €9,032 | €15,206 | €12,200 | €9,728 | €4,822 | ▼ 50.4% |
| Plant, machinery and equipment23 | - | €7,662 | €5,041 | €3,040 | €1,425 | ▼ 53.1% |
| Furniture and vehicles24 | - | €6,088 | €6,188 | €6,203 | €3,398 | ▼ 45.2% |
| Other tangible fixed assets26 | - | €1,456 | €971 | €485 | €0 | ▼ 100.0% |
| Financial fixed assets28 | €4,800 | €4,800 | €4,800 | €4,800 | €4,800 | = |
| Current assets29/58 | €21,512 | €37,284 | €23,467 | €21,348 | €16,627 | ▼ 22.1% |
| Stocks and contracts in progress3 | €9,712 | €5,890 | €6,700 | €6,700 | €6,700 | = |
| Stocks30/36 | - | €5,890 | €6,700 | €6,700 | €6,700 | = |
| Amounts receivable within one year40/41 | €127 | €542 | €269 | €2,124 | €13 | ▼ 99.4% |
| Trade receivables40 | - | €401 | €236 | €2,124 | - | - |
| Other amounts receivable41 | - | €142 | €33 | - | €13 | - |
| Cash at bank and in hand54/58 | €11,673 | €30,852 | €16,184 | €12,033 | €9,731 | ▼ 19.1% |
| Deferred charges and accrued income490/1 | - | - | €314 | €490 | €183 | ▼ 62.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €35,344 | €57,290 | €40,468 | €35,876 | €26,249 | ▼ 26.8% |
| Equity10/15 | -€1,066 | €30,156 | -€2,001 | -€36,202 | -€37,694 | ▼ 4.1% |
| Contributions10/11 | - | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Profit (loss) carried forward14 | -€16,066 | €15,156 | -€17,001 | -€51,202 | -€52,694 | ▼ 2.9% |
| Amounts payable17/49 | €36,410 | €27,135 | €42,469 | €72,078 | €63,943 | ▼ 11.3% |
| Amounts payable within one year42/48 | €36,410 | €27,135 | €42,469 | €72,078 | €63,943 | ▼ 11.3% |
| Trade debts44 | €2,173 | - | €6,974 | €31,637 | €26,229 | ▼ 17.1% |
| Suppliers440/4 | - | - | €6,974 | €31,637 | €26,229 | ▼ 17.1% |
| Taxes, remuneration and social security45 | - | €6,232 | €18,452 | €23,513 | €28,432 | ▲ 20.9% |
| Taxes450/3 | - | €5,348 | €13,221 | €9,712 | €25,149 | ▲ 159% |
| Remuneration and social security454/9 | - | €885 | €5,231 | €13,801 | €3,282 | ▼ 76.2% |
| Other amounts payable47/48 | - | €20,903 | €17,043 | €16,927 | €9,283 | ▼ 45.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€16,066 | €31,222 | -€32,157 | -€34,201 | -€1,492 | ▲ 95.6% |
| + Depreciation and write-downs630 | €2,328 | €3,190 | €5,185 | €4,823 | €4,905 | ▲ 1.7% |
| Operating cash flow (approximation) | -€13,738 | €34,412 | -€26,972 | -€29,378 | €3,413 | ▲ 112% |
| Investment in fixed assets (approximation) | - | -€9,363 | -€2,180 | -€2,350 | €0 | ▲ 100% |
| Change in cash | - | €19,180 | -€14,668 | -€4,151 | -€2,302 | ▲ 44.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
09-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 70 days late
2024
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
31-12
Financial
Weakest financial yearnet -€34,201
Net result drops to -€34,201, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 92 days late
2021
31-12
Financial
Back to profitnet €31,222
Net result €31,222 after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 1.37
Current ratio from 0.59 to 1.37; short-term debt falls from €36,410 to €27,135.
31-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 92 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Brussel · 1 establishment unit since 2019
Ground area
129 m²
Building footprint
86 m²
Volume, LiDAR
1,231 m³
Parcel 21807G0015/00B000, Brussels · tallest building 18.2 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Edgar's Flavors
since 20192.292.039.031
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0015/00B000 | Brussels | 129 m² | 1 · 86 m² | 18.2 m · 5 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrussel2.292.039.031
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Of 14,005 companies in sector 56301 we hold annual accounts for 4,893. 4,100 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded06-08-2019
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
Contact
Website
www.edgarsflavors.be
E-mail
info@edgarsflavors.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0731917557
Also
9925:BE0731917557
Registered
23-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.