MATTHYS
ActiveSummary
MATTHYS has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €566k and a net result of €-79k. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 26% of 4556 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability38▲+27
Solvency38▼-5
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity short (current ratio 0.18 against 0.37 in 2024; short-term debt: 70.4% and cash: 0.3% of total assets), and 87.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year €-79k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-09-2026, 53 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 · 10 filingsDeviation from the deadline
2025
53 d late
2024
4 d late
2023
5 d early
2022
25 d late
2021
16 d early
2020
40 d late
2019
2 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-79k▲ 63.3%
2024 · €-216k
2019: €17k
2020: €78k▲ +371% vs 2019highest in 7 years
2021: €39k▼ -50.1% vs 2020
2022: €27k▼ -32.1% vs 2021
2023: €72k▲ +171% vs 2022
2024: €-216k▼ -400% vs 2023lowest in 7 years
2025: €-79k▲ +63.3% vs 2024
2019 → 2025
Working capital
€-2.62M▼ 78.6%
2024 · €-1.47M
2019: €-1.16Mhighest in 7 years
2020: €-2.10M▼ -81.0% vs 2019
2021: €-2.00M▲ +5.1% vs 2020
2022: €-1.92M▲ +3.9% vs 2021
2023: €-1.71M▲ +10.8% vs 2022
2024: €-1.47M▲ +14.3% vs 2023
2025: €-2.62M▼ -78.6% vs 2024lowest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€762k-€789k▲ 3.5%€861k▲ 9.1%€645k▼ 25.1%€566k▼ 12.3%
2021: €762k
2022: €789k▲ +3.5% vs 2021
2023: €861k▲ +9.1% vs 2022highest in 5 years
2024: €645k▼ -25.1% vs 2023
2025: €566k▼ -12.3% vs 2024lowest in 5 years
Operating result€69k-€41k▼ 39.9%€89k▲ 115%€-196k€-34k▲ 82.5%
2021: €69k
2022: €41k▼ -39.9% vs 2021
2023: €89k▲ +115% vs 2022highest in 5 years
2024: €-196k▼ -320% vs 2023lowest in 5 years
2025: €-34k▲ +82.5% vs 2024
Net result€39k-€27k▼ 32.1%€72k▲ 171%€-216k€-79k▲ 63.3%
2021: €39k
2022: €27k▼ -32.1% vs 2021
2023: €72k▲ +171% vs 2022highest in 5 years
2024: €-216k▼ -400% vs 2023lowest in 5 years
2025: €-79k▲ +63.3% vs 2024
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €34k in 2025 against €196k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.52M
Fixed assets
€3.96M ▲ 46.6%
Current assets
€561k ▼ 33.5%
Equity and liabilities €4.52M
Equity
€566k ▼ 12.3%
Provisions
€286k =
Debt
€3.66M ▲ 40.4%
Debt's share of the balance-sheet total rises from 73.7% to 81.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€155k▲
2024 · €-3k
Cash flow
€110k▲
2024 · €-23k
Current ratio
0.18▼
2024 · 0.37
Debt to equity
6.48▲
2024 · 4.05
ROE
-14.0%▲
2024 · -33.5%
ROA
-1.8%▲
2024 · -6.1%
Interest coverage
2.58▲
2024 · -0.07
Debt ≤ 1 year
€3.18M▲
2024 · €2.31M
Debt > 1 year
€449k▲
2024 · €275k
Income taxes
€452▲
2024 · €377
Staff costs
€35k▲
2024 · €23k
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 · 2025 against 2024 · 56 lines
Balance sheet
Code20242025
Assets
Total assets20/58€3.54M€4.52M▲
Fixed assets21/28€2.70M€3.96M▲
Tangible fixed assets22/27€2.69M€3.95M▲
Land and buildings22€2.36M€3.65M▲
Furniture and vehicles24€4k€1k▼
Other tangible fixed assets26€326k€297k▼
Financial fixed assets28€4k€4k=
Current assets29/58€843k€561k▼
Amounts receivable within one year40/41€681k€530k▼
Trade receivables40€90k€77k▼
Other amounts receivable41€590k€453k▼
Current investments50/53€151-
Cash at bank and in hand54/58€136k€15k▼
Deferred charges and accrued income490/1€27k€16k▼
Equity and liabilities
Total equity and liabilities10/49€3.54M€4.52M▲
Equity10/15€645k€566k▼
Contributions10/11€310k€310k=
Capital10€310k€310k=
Issued capital100€310k€310k=
Reserves13€31k€31k=
Non-distributable reserves130/1€31k€31k=
Legal reserve130€31k€31k=
Profit (loss) carried forward14€304k€225k▼
Provisions and deferred taxes16€286k€286k=
Provisions for liabilities and charges160/5€286k€286k=
Other liabilities and charges164/5€286k€286k=
Amounts payable17/49€2.61M€3.66M▲
Amounts payable after more than one year17€275k€449k▲
Financial debts170/4€275k€449k▲
Amounts payable within one year42/48€2.31M€3.18M▲
Current portion of amounts payable after more than one year42€28k€69k▲
Trade debts44€36k€53k▲
Suppliers440/4€36k€53k▲
Taxes, remuneration and social security45€35k€21k▼
Taxes450/3€31k€14k▼
Remuneration and social security454/9€4k€7k▲
Other amounts payable47/48€2.21M€3.04M▲
Accrued charges and deferred income492/3€24k€35k▲
Income statement
Code20242025
Remuneration, social security and pensions62€23k€35k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€193k€189k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€21k
Provisions for liabilities and charges: additions (uses and reversals)635/8€286k-
Other operating charges640/8€27k€31k▲
Gross operating margin9900€333k€241k▼
Operating profit (loss)9901€-196k€-34k▲
Financial income75/76B€27k€16k▼
Recurring financial income75€27k€16k▼
Financial charges65/66B€46k€60k▲
Recurring financial charges65€46k€60k▲
Profit (loss) for the period before taxes9903€-216k€-79k▲
Income taxes67/77€377€452▲
Profit (loss) for the period9904€-216k€-79k▲
Profit (loss) for the period to be appropriated9905€-216k€-79k▲
Appropriation of the result
Profit (loss) to be appropriated9906€304k€225k▼
Profit (loss) brought forward from the previous period14P€520k€304k▼
Social balance
Average headcount (FTE)90870.40.5▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €23k | €35k | ▲ 49.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €136k | €191k | €200k | €193k | €189k | ▼ 2.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €21k | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €286k | - | - |
| Other operating charges640/8 | €19k | €30k | €26k | €27k | €31k | ▲ 14.4% |
| Gross operating margin9900 | €225k | €262k | €315k | €333k | €241k | ▼ 27.5% |
| Operating profit (loss)9901 | €69k | €41k | €89k | €-196k | €-34k | ▲ 82.5% |
| Financial income75/76B | €7k | €11k | €12k | €27k | €16k | ▼ 41.7% |
| Recurring financial income75 | €7k | €11k | €12k | €27k | €16k | ▼ 41.7% |
| Financial charges65/66B | €27k | €25k | €15k | €46k | €60k | ▲ 31.2% |
| Recurring financial charges65 | €27k | €25k | €15k | €46k | €60k | ▲ 31.2% |
| Profit (loss) for the period before taxes9903 | €48k | €27k | €86k | €-216k | €-79k | ▲ 63.4% |
| Income taxes67/77 | €9k | €130 | €14k | €377 | €452 | ▲ 20.0% |
| Profit (loss) for the period9904 | €39k | €27k | €72k | €-216k | €-79k | ▲ 63.3% |
| Profit (loss) for the period to be appropriated9905 | €39k | €27k | €72k | €-216k | €-79k | ▲ 63.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.32M | €3.52M | €3.51M | €3.54M | €4.52M | ▲ 27.6% |
| Fixed assets21/28 | €2.83M | €3.06M | €2.88M | €2.70M | €3.96M | ▲ 46.6% |
| Tangible fixed assets22/27 | €2.83M | €3.06M | €2.87M | €2.69M | €3.95M | ▲ 46.7% |
| Land and buildings22 | €2.40M | €2.67M | €2.51M | €2.36M | €3.65M | ▲ 54.6% |
| Furniture and vehicles24 | €34k | €24k | €14k | €4k | €1k | ▼ 76.2% |
| Other tangible fixed assets26 | €397k | €367k | €349k | €326k | €297k | ▼ 8.9% |
| Financial fixed assets28 | €3k | €3k | €3k | €4k | €4k | = |
| Current assets29/58 | €487k | €453k | €633k | €843k | €561k | ▼ 33.5% |
| Amounts receivable within one year40/41 | €339k | €199k | €562k | €681k | €530k | ▼ 22.1% |
| Trade receivables40 | €52k | €26k | €77k | €90k | €77k | ▼ 14.4% |
| Other amounts receivable41 | €287k | €173k | €485k | €590k | €453k | ▼ 23.2% |
| Current investments50/53 | €150 | - | - | €151 | - | - |
| Cash at bank and in hand54/58 | €141k | €244k | €58k | €136k | €15k | ▼ 89.2% |
| Deferred charges and accrued income490/1 | €7k | €11k | €13k | €27k | €16k | ▼ 39.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.32M | €3.52M | €3.51M | €3.54M | €4.52M | ▲ 27.6% |
| Equity10/15 | €762k | €789k | €861k | €645k | €566k | ▼ 12.3% |
| Contributions10/11 | €310k | €310k | €310k | €310k | €310k | = |
| Capital10 | €310k | €310k | €310k | €310k | €310k | = |
| Issued capital100 | €310k | €310k | €310k | €310k | €310k | = |
| Reserves13 | €31k | €31k | €31k | €31k | €31k | = |
| Non-distributable reserves130/1 | €31k | €31k | €31k | €31k | €31k | = |
| Legal reserve130 | €31k | €31k | €31k | €31k | €31k | = |
| Profit (loss) carried forward14 | €421k | €448k | €520k | €304k | €225k | ▼ 26.1% |
| Provisions and deferred taxes16 | - | - | - | €286k | €286k | = |
| Provisions for liabilities and charges160/5 | - | - | - | €286k | €286k | = |
| Other liabilities and charges164/5 | - | - | - | €286k | €286k | = |
| Amounts payable17/49 | €2.55M | €2.73M | €2.65M | €2.61M | €3.66M | ▲ 40.4% |
| Amounts payable after more than one year17 | €47k | €336k | €299k | €275k | €449k | ▲ 62.9% |
| Financial debts170/4 | €47k | €336k | €299k | €275k | €449k | ▲ 62.9% |
| Amounts payable within one year42/48 | €2.48M | €2.37M | €2.34M | €2.31M | €3.18M | ▲ 37.7% |
| Current portion of amounts payable after more than one year42 | €46k | €38k | €40k | €28k | €69k | ▲ 149% |
| Trade debts44 | €25k | €12k | €25k | €36k | €53k | ▲ 48.0% |
| Suppliers440/4 | €25k | €12k | €25k | €36k | €53k | ▲ 48.0% |
| Taxes, remuneration and social security45 | €13k | €5k | €737 | €35k | €21k | ▼ 39.9% |
| Taxes450/3 | €13k | €5k | €737 | €31k | €14k | ▼ 54.5% |
| Remuneration and social security454/9 | - | - | - | €4k | €7k | ▲ 73.2% |
| Other amounts payable47/48 | €2.40M | €2.32M | €2.28M | €2.21M | €3.04M | ▲ 37.4% |
| Accrued charges and deferred income492/3 | €25k | €19k | €5k | €24k | €35k | ▲ 44.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €39k | €27k | €72k | €-216k | €-79k | ▲ 63.3% |
| + Depreciation and write-downs630 | €136k | €191k | €200k | €193k | €189k | ▼ 2.2% |
| Operating cash flow (approximation) | €175k | €217k | €272k | €-23k | €110k | ▲ 585% |
| Investment in fixed assets (approximation) | - | €-424k | €-15k | €-13k | €-1.45M | ▼ 10,700% |
| Change in cash | - | €103k | €-186k | €78k | €-121k | ▼ 256% |
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
22-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 53 days late
2025
04-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 4 days late
2024
31-12
Financial
Weakest financial yearnet €-216k
Net result drops to €-216k, the lowest in the series; recovery starts the following year.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 25 days late
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
09-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 40 days late
2020
31-12
Financial
Highest result since 2019net €78k ▲371%
Operating result €123k, net result €78k, both a record.
2019
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
30-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
16-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 108 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Destelbergen · 1 establishment unit since 1996
Ground area
2,806 m²
Building footprint
332 m²
Volume, LiDAR
2,052 m³
Parcel 44013B0066/00M000, Flanders · tallest building 12.7 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Vossenberglaan 17, 9070 Destelbergen
since 19962.078.597.954
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44013B0066/00M000 | Flanders | 2,806 m² | 1 · 332 m² | 12.7 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.
Recognitions · licences · registrations
Legal Entity Identifier
894500I28BIWT4Z4P537
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Of 9,136 companies in sector 68201 we hold annual accounts for 6,765. 5,010 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded16-09-1996
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
Scores and ratios are computed by Checked and are not a credit decision.