Matti Construct
ActiveSummary
Matti Construct has been active since 1978 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5,935 and a net result of €2,031. Equity is growing by ~3.6% per year across the filed fiscal years. Its solvency ranks better than 51% of 28051 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability89▲+76
Solvency73▼-4
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
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Signals
Three 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
29 d late
2022
28 d late
2021
25 d late
2020
31 d late
2019
90 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 29 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€5,935▲ 25.3%
2024 · €4,737
Total assets
€12,369▲ 34.7%
2024 · €9,185
Net result
€2,031
2024 · -€457
Working capital
€767
2024 · -€377
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
Line20212022202320242025
Operating result€738▲ 197%€874▲ 18.5%€674▼ 22.9%-€408€2,492
Net result€738▲ 197%€874▲ 18.5%€674▼ 22.9%-€457€2,031
Equity€13,946▲ 5.6%€14,820▲ 6.3%€15,494▲ 4.5%€4,737▼ 69.4%€5,935▲ 25.3%
Total assets€14,507▲ 6.5%€15,543▲ 7.1%€16,387▲ 5.4%€9,185▼ 44.0%€12,369▲ 34.7%
Debt€561▲ 34.8%€723▲ 28.8%€893▲ 23.5%€4,448▲ 398%€6,434▲ 44.7%
Working capital€13,946▲ 5.6%€14,820▲ 6.3%€15,494▲ 4.5%-€377€767
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 2025: €2,492 after a loss of €408 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €12,369
Fixed assets
€5,177 ▲ 1.2%
Current assets
€7,192 ▲ 76.7%
Equity and liabilities €12,369
Equity
€5,935 ▲ 25.3%
Debt
€6,434 ▲ 44.7%
Debt's share of the balance-sheet total rises from 48.4% to 52.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€3,584▲
2024 · -€397
Cash flow
€3,123▲
2024 · -€446
Current ratio
1.12▲
2024 · 0.92
Debt to equity
1.08▲
2024 · 0.94
ROE
34.2%▲
2024 · -9.7%
ROA
16.4%▲
2024 · -5.0%
Interest coverage
79.84▲
2024 · -8.10
Debt ≤ 1 year
€6,426▲
2024 · €4,448
Income taxes
€416
Staff costs
€526
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €526 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €11 | €1,091 | ▲ 9,645% |
| Other operating charges640/8 | - | - | - | €191 | €472 | ▲ 147% |
| Gross operating margin9900 | €738 | €874 | €674 | -€206 | €4,583 | ▲ 2,324% |
| Operating profit (loss)9901 | €738 | €874 | €674 | -€408 | €2,492 | ▲ 710% |
| Financial income75/76B | - | - | - | - | €0 | - |
| Recurring financial income75 | - | - | - | - | €0 | - |
| Financial charges65/66B | - | - | - | €49 | €45 | ▼ 8.5% |
| Recurring financial charges65 | - | - | - | €49 | €45 | ▼ 8.5% |
| Profit (loss) for the period before taxes9903 | €738 | €874 | €674 | -€457 | €2,448 | ▲ 635% |
| Income taxes67/77 | - | - | - | - | €416 | - |
| Profit (loss) for the period9904 | €738 | €874 | €674 | -€457 | €2,031 | ▲ 544% |
| Profit (loss) for the period to be appropriated9905 | €738 | €874 | €674 | -€457 | €2,031 | ▲ 544% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €14,507 | €15,543 | €16,387 | €9,185 | €12,369 | ▲ 34.7% |
| Fixed assets21/28 | - | - | - | €5,114 | €5,177 | ▲ 1.2% |
| Tangible fixed assets22/27 | - | - | - | €5,114 | €5,177 | ▲ 1.2% |
| Plant, machinery and equipment23 | - | - | - | - | €1,088 | - |
| Furniture and vehicles24 | - | - | - | €5,114 | €4,089 | ▼ 20.0% |
| Current assets29/58 | €14,507 | €15,543 | €16,387 | €4,071 | €7,192 | ▲ 76.7% |
| Amounts receivable within one year40/41 | €14,507 | €15,543 | €16,387 | €3,326 | €2,247 | ▼ 32.4% |
| Trade receivables40 | - | - | - | €2,208 | €100 | ▼ 95.5% |
| Other amounts receivable41 | €14,507 | €15,543 | €16,387 | €1,118 | €2,147 | ▲ 92.1% |
| Cash at bank and in hand54/58 | - | - | - | €745 | €4,721 | ▲ 533% |
| Deferred charges and accrued income490/1 | - | - | - | - | €224 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €14,507 | €15,543 | €16,387 | €9,185 | €12,369 | ▲ 34.7% |
| Equity10/15 | €13,946 | €14,820 | €15,494 | €4,737 | €5,935 | ▲ 25.3% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €10,160 | €10,160 | = |
| Reserves13 | €4,060 | €4,060 | €4,060 | €2,200 | €2,200 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | - | - | - |
| Tax-exempt reserves132 | €2,200 | €2,200 | €2,200 | €2,200 | €2,200 | = |
| Profit (loss) carried forward14 | -€8,714 | -€7,840 | -€7,166 | -€7,623 | -€6,425 | ▲ 15.7% |
| Amounts payable17/49 | €561 | €723 | €893 | €4,448 | €6,434 | ▲ 44.7% |
| Amounts payable within one year42/48 | €561 | €723 | €893 | €4,448 | €6,426 | ▲ 44.5% |
| Trade debts44 | €561 | €723 | €893 | €4,193 | €3,937 | ▼ 6.1% |
| Suppliers440/4 | €561 | €723 | €893 | €4,193 | €3,937 | ▼ 6.1% |
| Taxes, remuneration and social security45 | - | - | - | - | €416 | - |
| Taxes450/3 | - | - | - | - | €416 | - |
| Other amounts payable47/48 | - | - | - | €254 | €2,072 | ▲ 715% |
| Accrued charges and deferred income492/3 | - | - | - | - | €8 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €738 | €874 | €674 | -€457 | €2,031 | ▲ 544% |
| + Depreciation and write-downs630 | - | - | - | €11 | €1,091 | ▲ 9,645% |
| Operating cash flow (approximation) | €738 | €874 | €674 | -€446 | €3,123 | ▲ 800% |
| Investment in fixed assets (approximation) | - | - | - | - | -€1,155 | - |
| Change in cash | - | - | - | - | €3,976 | - |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €2,031
Net result €2,031 after one loss-making year.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€457
Net result drops to -€457, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Aalst · 1 establishment unit since 1978
Ground area
426 m²
Building footprint
113 m²
Volume, LiDAR
603 m³
Parcel 41042D0664/00A005, Flanders · tallest building 10.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Baron de Meerstraat 4, 9310 Aalst
since 19782.014.432.355
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41042D0664/00A005 | Flanders | 426 m² | 1 · 113 m² | 10.0 m · 1 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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BARBAROSSA STEVE
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,416. 3,057 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
Founded19-01-1978
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
43320Joinery installation
Contact
Phone
+32493785579Aalst
Scores and ratios are computed by Checked and are not a credit decision.