MATTE D’OR
ActiveMATTE D’OR has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €485k and a net result of €260k. Equity is growing by ~32.4% per year across the filed fiscal years. Its solvency ranks better than 87% of 794 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
92
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+2
Solvency100▲+17
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 3.86 against 2.18 in 2024; short-term debt: 24.7% and cash: 57.7% of total assets), and 24.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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 10
Relative position
BE, all sectors
reference
Sector 10
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
75.3%
Return on assets
40.4%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-06-2026, 60 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
60 d early
2024
9 d early
2023
29 d early
2022
18 d early
2021
18 d early
2020
8 d early
2019
38 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€485k▲ 116%
2024 · €225k
2018: €13k
2019: €36k
2020: €57k
2021: €125k
2022: €100k
2023: €133k
2024: €225k
2018 → 2025
Total assets
€644k▲ 67.4%
2024 · €385k
2018: €193k
2019: €221k
2020: €169k
2021: €319k
2022: €264k
2023: €251k
2024: €385k
2018 → 2025
Net result
€260k▲ 185%
2024 · €91k
2018: €6k
2019: €24k
2020: €20k
2021: €56k
2022: €-26k
2023: €34k
2024: €91k
2018 → 2025
Working capital
€455k▲ 141%
2024 · €188k
2018: €6k
2019: €49k
2020: €46k
2021: €62k
2022: €66k
2023: €98k
2024: €188k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€125k-€100k▼ 20.4%€133k▲ 34.1%€225k▲ 68.4%€485k▲ 116%
Operating result€83k-€-17k€48k€126k▲ 163%€350k▲ 177%
Net result€56k-€-26k€34k€91k▲ 169%€260k▲ 185%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 177% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €644k
Fixed assets
€30k▼ 16.9%
Current assets
€613k▲ 76.2%
Equity and liabilities €644k
Equity
€485k▲ 116%
Debt
€159k▼ 0.7%
The debt ratio falls from 41.6% to 24.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€368k▲
2024 · €142k
Cash flow
€278k▲
2024 · €107k
Solvency
75.3%▲
2024 · 58.4%
Current ratio
3.86▲
2024 · 2.18
Quick ratio
3.82▲
2024 · 2.11
Debt / equity
0.33▼
2024 · 0.71
ROE
53.7%▲
2024 · 40.6%
ROA
40.4%▲
2024 · 23.7%
Interest coverage
109.20▲
2024 · 40.40
Debt
€159k▼
2024 · €160k
Debt ≤ 1 year
€159k▼
2024 · €160k
Income taxes
€88k▲
2024 · €32k
Staff costs
€377k▲
2024 · €279k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€385k€644k▲
Fixed assets21/28€36k€30k▼
Intangible fixed assets21€5k€11k▲
Tangible fixed assets22/27€30k€19k▼
Plant, machinery and equipment23€9k€6k▼
Furniture and vehicles24-€2k
Leasing and similar rights25€18k€9k▼
Other tangible fixed assets26€3k€2k▼
Financial fixed assets28€750€750=
Current assets29/58€348k€613k▲
Stocks and contracts in progress3€11k€7k▼
Stocks30/36€11k€7k▼
Amounts receivable within one year40/41€188k€216k▲
Trade receivables40€166k€199k▲
Other amounts receivable41€22k€17k▼
Cash at bank and in hand54/58€139k€371k▲
Deferred charges and accrued income490/1€10k€19k▲
Equity and liabilities
Total equity and liabilities10/49€385k€644k▲
Equity10/15€225k€485k▲
Contributions10/11€19k€19k=
Reserves13€206k€466k▲
Distributable reserves133€206k€466k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€160k€159k▼
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€160k€159k▼
Current portion of amounts payable after more than one year42€11k€0▼
Trade debts44€105k€111k▲
Suppliers440/4€105k€111k▲
Taxes, remuneration and social security45€44k€47k▲
Remuneration and social security454/9€44k€47k▲
Other amounts payable47/48€0€26▲
Income statement
Code20242025
Remuneration, social security and pensions62€279k€377k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€18k▲
Other operating charges640/8€8k€4k▼
Gross operating margin9900€430k€748k▲
Operating profit (loss)9901€126k€350k▲
Financial income75/76B€520€1k▲
Recurring financial income75€520€1k▲
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€123k€348k▲
Income taxes67/77€32k€88k▲
Profit (loss) for the period9904€91k€260k▲
Profit (loss) for the period to be appropriated9905€91k€260k▲
Appropriation of the result
Profit (loss) to be appropriated9906€94k€260k▲
Profit (loss) brought forward from the previous period14P€3k€0▼
Transfer to equity691/2€94k€260k▲
To other reserves6921€94k€260k▲
Social balance
Average headcount (FTE)90876.37.9▲
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €260k ▲185%
Operating result €350k, net result €260k, both a record.
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €200kEq €225k ▲68.4%
2 profitable years in a row build equity to €225k.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €34k
Net result €34k after one loss-making year.
31-12
Financial
Equity above €100kEq €133k ▲34.1%
Equity rises from €100k to €133k.
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-26k ▼146%
Net result drops to €-26k, the lowest in the series; recovery starts the following year.
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100kEq €125k ▲121%
4 profitable years in a row build equity to €125k.
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Mechelen · 1 establishment unit since 2017
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.
Oude Baan(WAL) 1M2800 MechelenGround area
470 m²
Building footprint
470 m²
Volume, LiDAR
3,096 m³
Parcel 12402A0109/00S000, Flanders · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Oude Baan(WAL) 1M, 2800 Mechelen
since 20172.263.600.314
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12402A0109/00S000 | Flanders | 469 m² | 1 · 469 m² | 7.4 m · 2 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteMechelen2.263.600.314
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Of 430 companies in sector 10720 we hold annual accounts for 139. 84 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded31-03-2017
Fiscal year end31-12
Activities, NACEBEL
10712Artisanal bread and fresh pastry making
10720Manufacture of food products
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.