MATTSOL
InactiveMATTSOL was declared bankrupt on 28-11-2022 (Ondernemingsrechtbank Antwerpen, afdeling Mechelen); the bankruptcy was closed by liquidation by judgment of 16-10-2023, published in the Belgian State Gazette on 23-10-2023.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Filed more than 90 days late
The financial year that closed on 30-09-2021 was due by 30-04-2022 and was filed on 08-08-2022, 100 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 4 filingsDeviation from the deadline
2021
100 d late
2019
21 d early
2018
8 d late
2017
7 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 20 days after the deadline; the Belgian median for financial year 2021 is 3 days before the deadline, and 44% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2021, micro schema
Equity
-€320,242
2019 · €104,928
Total assets
€737,535▼ 35.3%
2019 · €1.1m
Net result
-€525,170
2019 · €905
Working capital
-€462,698▼ 414%
2019 · -€90,043
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
Line201820192021
Operating result-€18,183-€26,182-€492,167-
Net result€1,460-€905▼ 38.0%-€525,170-
Equity€104,023-€104,928▲ 0.9%-€320,242-
Total assets€1.2m-€1.1m▼ 2.3%€737,535-
Debt€1.1m-€1.0m▼ 2.6%€1.1m-
Working capital-€91,547--€90,043▲ 1.6%-€462,698-
Staff (FTE)2-2.8▲ 40.0%4.4-
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is -€492,167 in 2021, compared with €26,182 in 2019. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2021 in colour, 2019 as the grey bar beneath
Assets €737,535
Fixed assets
€456,532 ▼ 35.9%
Current assets
€281,003 ▼ 34.4%
Key figures and ratios
EBITDA
-€242,973▼
2019 · €177,420
Cash flow
-€275,976▼
2019 · €152,142
Solvency
-43.4%▼
2019 · 9.2%
Current ratio
0.38▼
2019 · 0.83
Quick ratio
0.23▼
2019 · 0.50
Debt to equity
-3.30▼
2019 · 4.93
ROA
-71.2%▼
2019 · 0.1%
Interest coverage
-6.71
Debt ≤ 1 year
€743,701▲
2019 · €518,382
Debt > 1 year
€312,357▼
2019 · €517,067
Income taxes
-€2,991▼
2019 · €3,697
Staff costs
€380,224
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2021 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €380,224 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €132,787 | €151,238 | €249,194 | - |
| Other operating charges640/8 | - | - | €12,385 | - |
| Non-recurring operating charges66A | - | - | €1,787 | - |
| Gross operating margin9900 | €211,108 | €326,850 | €151,422 | - |
| Operating profit (loss)9901 | -€18,183 | €26,182 | -€492,167 | - |
| Financial income75/76B | - | - | €239 | - |
| Recurring financial income75 | €138 | €643 | €239 | - |
| Financial charges65/66B | - | - | €36,234 | - |
| Recurring financial charges65 | €20,115 | €22,223 | €36,234 | - |
| Profit (loss) for the period before taxes9903 | €1,840 | €4,602 | -€528,161 | - |
| Income taxes67/77 | €380 | €3,697 | -€2,991 | - |
| Profit (loss) for the period9904 | €1,460 | €905 | -€525,170 | - |
| Profit (loss) for the period to be appropriated9905 | €1,460 | €905 | -€525,170 | - |
| Line | 2018 | 2019 | 2021 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €1.2m | €1.1m | €737,535 | - |
| Fixed assets21/28 | €863,275 | €712,038 | €456,532 | - |
| Intangible fixed assets21 | €176 | €116 | €11 | - |
| Tangible fixed assets22/27 | €863,099 | €711,922 | €456,521 | - |
| Plant, machinery and equipment23 | - | - | €26,802 | - |
| Leasing and similar rights25 | - | - | €429,719 | - |
| Current assets29/58 | €303,529 | €428,339 | €281,003 | - |
| Stocks and contracts in progress3 | €114,999 | €169,866 | €107,478 | - |
| Stocks30/36 | - | - | €107,478 | - |
| Amounts receivable within one year40/41 | €101,527 | €166,102 | €161,954 | - |
| Trade receivables40 | - | - | €161,947 | - |
| Other amounts receivable41 | - | - | €6 | - |
| Cash at bank and in hand54/58 | €35,326 | €11,102 | €11,571 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €1.2m | €1.1m | €737,535 | - |
| Equity10/15 | €104,023 | €104,928 | -€320,242 | - |
| Contributions10/11 | €100,000 | €100,000 | €200,000 | - |
| Reserves13 | €4,023 | €4,023 | €4,023 | - |
| Distributable reserves133 | - | - | €4,023 | - |
| Profit (loss) carried forward14 | - | €905 | -€524,265 | - |
| Amounts payable17/49 | €1.1m | €1.0m | €1.1m | - |
| Amounts payable after more than one year17 | €667,105 | €517,067 | €312,357 | - |
| Financial debts170/4 | - | - | €312,357 | - |
| Amounts payable within one year42/48 | €395,076 | €518,382 | €743,701 | - |
| Current portion of amounts payable after more than one year42 | - | - | €134,499 | - |
| Financial debts43 | - | - | €30,672 | - |
| Credit institutions430/8 | - | - | €30,672 | - |
| Trade debts44 | €152,783 | €225,892 | €398,781 | - |
| Suppliers440/4 | - | - | €398,781 | - |
| Taxes, remuneration and social security45 | - | - | €161,705 | - |
| Taxes450/3 | - | - | €68,365 | - |
| Remuneration and social security454/9 | - | - | €93,340 | - |
| Other amounts payable47/48 | - | - | €18,044 | - |
| Accrued charges and deferred income492/3 | - | - | €1,718 | - |
| Line | 2018 | 2019 | 2021 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,460 | €905 | -€525,170 | - |
| + Depreciation and write-downs630 | €132,787 | €151,238 | €249,194 | - |
| Operating cash flow (approximation) | €134,246 | €152,142 | -€275,976 | - |
| Investment in fixed assets (approximation) | - | €0 | - | - |
| Change in cash | - | -€24,224 | - | - |
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
2023
23-10
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · event 16-10-2023
2022
02-12
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · event 28-11-2022
08-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 100 days late
2021
30-09
Financial
Weakest financial yearnet -€525,170
Net result drops to -€525,170, the lowest in the series.
2020
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
08-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 8 days late
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
SignalFinancial 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | GEERT VAN DEYCK CELLEBROEDERSSTRAAT 13,
2800 MECHELEN |
28-11-2022 → 16-10-2023 |
Structure & network
Owners and holdings
1 ownerOwners 1
- 48%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 1,467 EUR awarded · 1,467 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 1,467 EUR | 1,467 EUR |