MATTHEO
ActiveSummary
MATTHEO has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €24,154 and a net result of -€545. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 67% of 32629 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability25▼-53
Solvency97▼-3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity ample (current ratio 3.05 against 4.42 in 2024; short-term debt: 25% and cash: 0.1% of total assets), and 27.9% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 2025Solvency, return and age of the figures
Solvency
72.1%
Return on assets
-1.6%
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
28 d late
2023
51 d early
2022
on the day
2021
12 d early
2020
43 d early
2019
11 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 14 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 19 July (4 of the last 5 filed years within 38 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€24,154▼ 2.2%
2024 · €24,698
Total assets
€33,517▲ 9.9%
2024 · €30,506
Net result
-€545
2024 · €2,255
Working capital
€17,113▲ 4.0%
2024 · €16,461
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€23,025▼ 1.9%€13,649▼ 40.7%-€836€1,765€14▼ 99.2%
Net result€28,525within the sector's middle half▲ 69.5%€12,789within the sector's middle half▼ 55.2%-€1,342below the sector's middle half€2,255below the sector's middle half-€545below the sector's middle half
Equity€10,996below the sector's middle half€23,785below the sector's middle half▲ 116%€22,443below the sector's middle half▼ 5.6%€24,698below the sector's middle half▲ 10.0%€24,154within the sector's middle half▼ 2.2%
Total assets€58,330below the sector's middle half▲ 45.8%€26,959below the sector's middle half▼ 53.8%€28,014below the sector's middle half▲ 3.9%€30,506below the sector's middle half▲ 8.9%€33,517below the sector's middle half▲ 9.9%
Debt€47,334▼ 17.7%€3,173▼ 93.3%€5,571▲ 75.5%€5,808▲ 4.3%€9,363▲ 61.2%
Working capital-€2,644below the sector's middle half▲ 87.4%€9,124within the sector's middle half€11,748within the sector's middle half▲ 28.8%€16,461within the sector's middle half▲ 40.1%€17,113within the sector's middle half▲ 4.0%
Solvency18.9%below the sector's middle half▲ 62.7pp88.2%above the sector's middle half▲ 69.4pp80.1%above the sector's middle half▼ 8.1pp81.0%above the sector's middle half▲ 0.8pp72.1%within the sector's middle half▼ 8.9pp
Current ratio0.94below the sector's middle half▲ 0.325.20above the sector's middle half▲ 4.263.57within the sector's middle half▼ 1.634.42within the sector's middle half▲ 0.853.05within the sector's middle half▼ 1.38
Return on assets (ROA)48.9%above the sector's middle half▲ 6.8pp47.4%above the sector's middle half▼ 1.5pp-4.8%below the sector's middle half▼ 52.2pp7.4%within the sector's middle half▲ 12.2pp-1.6%below the sector's middle half▼ 9.0pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 99% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €33,517
Fixed assets
€8,041 ▼ 13.0%
Current assets
€25,476 ▲ 19.8%
Equity and liabilities €33,517
Equity
€24,154 ▼ 2.2%
Debt
€9,363 ▲ 61.2%
Debt's share of the balance-sheet total rises from 19.0% to 27.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€1,210▼
2024 · €6,935
Cash flow
€652▼
2024 · €7,425
Debt to equity
0.39▲
2024 · 0.24
ROE
-2.3%▼
2024 · 9.1%
Interest coverage
1.01▼
2024 · 7.45
Debt ≤ 1 year
€8,363▲
2024 · €4,808
Income taxes
€483
Staff costs
€534
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.7%
went bankrupt
8.6%
stopped otherwise
90%
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 0.1% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 12,321 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €534 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,096 | €5,310 | €5,287 | €5,170 | €1,196 | ▼ 76.9% |
| Other operating charges640/8 | €736 | €403 | €448 | €518 | €660 | ▲ 27.4% |
| Gross operating margin9900 | €27,857 | €19,362 | €4,899 | €7,453 | €2,404 | ▼ 67.7% |
| Operating profit (loss)9901 | €23,025 | €13,649 | -€836 | €1,765 | €14 | ▼ 99.2% |
| Financial income75/76B | €100 | €0 | - | €1,421 | €1,126 | ▼ 20.7% |
| Recurring financial income75 | €100 | €0 | - | €1,421 | €1,126 | ▼ 20.7% |
| Financial charges65/66B | €502 | €526 | €506 | €931 | €1,201 | ▲ 29.0% |
| Recurring financial charges65 | €502 | €526 | €506 | €931 | €1,201 | ▲ 29.0% |
| Profit (loss) for the period before taxes9903 | €22,623 | €13,123 | -€1,342 | €2,255 | -€61 | ▼ 103% |
| Income taxes67/77 | -€5,903 | €333 | €0 | - | €483 | - |
| Profit (loss) for the period9904 | €28,525 | €12,789 | -€1,342 | €2,255 | -€545 | ▼ 124% |
| Profit (loss) for the period to be appropriated9905 | €28,525 | €12,789 | -€1,342 | €2,255 | -€545 | ▼ 124% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €58,330 | €26,959 | €28,014 | €30,506 | €33,517 | ▲ 9.9% |
| Fixed assets21/28 | €14,640 | €15,661 | €11,696 | €9,237 | €8,041 | ▼ 13.0% |
| Tangible fixed assets22/27 | €14,640 | €15,661 | €11,696 | €9,237 | €8,041 | ▼ 13.0% |
| Plant, machinery and equipment23 | €4,861 | €5,374 | €4,230 | €4,595 | €4,104 | ▼ 10.7% |
| Furniture and vehicles24 | €9,778 | €10,288 | €7,465 | €4,643 | €3,937 | ▼ 15.2% |
| Current assets29/58 | €43,691 | €11,297 | €16,318 | €21,269 | €25,476 | ▲ 19.8% |
| Amounts receivable within one year40/41 | €3,190 | €4,428 | €14,922 | €20,491 | €25,030 | ▲ 22.2% |
| Trade receivables40 | €3,190 | €917 | €968 | €1,726 | €1,742 | ▲ 0.9% |
| Other amounts receivable41 | - | €3,511 | €13,955 | €18,764 | €23,288 | ▲ 24.1% |
| Cash at bank and in hand54/58 | €40,205 | €6,151 | €683 | €24 | €23 | ▼ 2.2% |
| Deferred charges and accrued income490/1 | €296 | €718 | €713 | €754 | €423 | ▼ 44.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €58,330 | €26,959 | €28,014 | €30,506 | €33,517 | ▲ 9.9% |
| Equity10/15 | €10,996 | €23,785 | €22,443 | €24,698 | €24,154 | ▼ 2.2% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €1,859 | €5,193 | €3,851 | €6,106 | €5,562 | ▼ 8.9% |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €0 | - | - | - |
| Distributable reserves133 | - | €3,334 | €3,851 | €6,106 | €5,562 | ▼ 8.9% |
| Profit (loss) carried forward14 | -€9,455 | €0 | - | - | - | - |
| Amounts payable17/49 | €47,334 | €3,173 | €5,571 | €5,808 | €9,363 | ▲ 61.2% |
| Amounts payable within one year42/48 | €46,334 | €2,173 | €4,571 | €4,808 | €8,363 | ▲ 73.9% |
| Financial debts43 | - | - | - | €4,171 | €3,736 | ▼ 10.4% |
| Credit institutions430/8 | - | - | - | - | €3,736 | - |
| Other loans439 | - | - | - | €4,171 | €0 | ▼ 100% |
| Trade debts44 | €4,094 | €260 | €4,571 | €637 | €4,143 | ▲ 550% |
| Suppliers440/4 | €4,094 | €260 | €4,571 | €637 | €4,143 | ▲ 550% |
| Taxes, remuneration and social security45 | €1,026 | €1,914 | €0 | - | €483 | - |
| Taxes450/3 | €1,026 | €1,914 | €0 | - | €483 | - |
| Other amounts payable47/48 | €41,214 | €0 | - | - | - | - |
| Accrued charges and deferred income492/3 | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28,525 | €12,789 | -€1,342 | €2,255 | -€545 | ▼ 124% |
| + Depreciation and write-downs630 | €4,096 | €5,310 | €5,287 | €5,170 | €1,196 | ▼ 76.9% |
| Operating cash flow (approximation) | €32,621 | €18,100 | €3,945 | €7,425 | €652 | ▼ 91.2% |
| Investment in fixed assets (approximation) | - | -€6,332 | -€1,321 | -€2,712 | €0 | ▲ 100% |
| Change in cash | - | -€34,054 | -€5,467 | -€660 | -€1 | ▲ 99.9% |
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
Next filing, fiscal year 2026, expected by
2026
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Back to profitnet €2,255
Net result €2,255 after one loss-making year.
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€1,342
Net result drops to -€1,342, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity times 6current ratio 5.20
Current ratio from 0.94 to 5.20; short-term debt falls from €46,334 to €2,173.
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €28,525 ▲69.5%
Net result €28,525, the highest in the series.
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
11-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 11 days late
2019
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 19 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Wemmel · 1 establishment unit since 1990
Ground area
3,954 m²
Building footprint
180 m²
Volume, LiDAR
996 m³
Parcel 22005A0132/00N029, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MATTHEO BVBA
since 19902.028.155.380
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22005A0132/00N029 | Flanders | 3,954 m² | 1 · 180 m² | 9.0 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.
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Of 82,601 companies in this sector we hold annual accounts for 52,629. 32,586 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded19-11-1985
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0428019131
Also
9925:BE0428019131
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.