MATUTOIT
ActiveSummary
MATUTOIT has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €20k and a net result of €27k. Equity is shrinking by ~7% per year across the filed fiscal years. Its solvency ranks better than 12% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability81▲+9
Solvency32▼-4
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.05 against 1.09 in 2023; short-term debt: 92.8% of total assets), and 93.1% 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.
+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 →
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 2024Solvency, return and age of the figures
Solvency
6.9%
Return on assets
9.6%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 36375 sector peers (2024).
NBB · sector comparisonPosition among 36375 sector peers
Solvency
better than 12%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 8 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
30 d late
2022
396 d late
2021
1 d late
2020
27 d late
2019
71 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€0
EBIT margin
Not included in this filing
Net result
€27k▲ 265%
2023 · €8k
2018: €15k
2019: €2k▼ -84.5% vs 2018
2020: €3k▲ +23.3% vs 2019
2021: €-5k▼ -296% vs 2020
2022: €-9k▼ -70.3% vs 2021lowest in 7 years
2023: €8k▲ +181% vs 2022
2024: €27k▲ +265% vs 2023highest in 7 years
2018 → 2024
Working capital
€14k▼ 43.2%
2023 · €25k
2018: €32k
2019: €35k▲ +8.2% vs 2018highest in 7 years
2020: €32k▼ -7.9% vs 2019
2021: €26k▼ -18.6% vs 2020
2022: €16k▼ -38.4% vs 2021
2023: €25k▲ +54.6% vs 2022
2024: €14k▼ -43.2% vs 2023lowest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€40k-€35k▼ 13.5%€26k▼ 26.7%€33k▲ 29.4%€20k▼ 41.0%
2020: €40khighest in 5 years
2021: €35k▼ -13.5% vs 2020
2022: €26k▼ -26.7% vs 2021
2023: €33k▲ +29.4% vs 2022
2024: €20k▼ -41.0% vs 2023lowest in 5 years
Operating result€21k-€2k▼ 92.6%€-7k€30k€34k▲ 11.8%
2020: €21k
2021: €2k▼ -92.6% vs 2020
2022: €-7k▼ -559% vs 2021lowest in 5 years
2023: €30k▲ +517% vs 2022
2024: €34k▲ +11.8% vs 2023highest in 5 years
Net result€3k-€-5k€-9k▼ 70.3%€8k€27k▲ 265%
2020: €3k
2021: €-5k▼ -296% vs 2020
2022: €-9k▼ -70.3% vs 2021lowest in 5 years
2023: €8k▲ +181% vs 2022
2024: €27k▲ +265% vs 2023highest in 5 years
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 12% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €285k
Fixed assets
€6k ▼ 21.9%
Current assets
€278k ▼ 4.6%
Equity and liabilities €285k
Equity
€20k ▼ 41.0%
Debt
€265k ▼ 0.6%
Debt's share of the balance-sheet total rises from 89.0% to 93.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€38k▲
2023 · €35k
Cash flow
€32k▲
2023 · €12k
Current ratio
1.05▼
2023 · 1.09
Debt to equity
13.56▲
2023 · 8.05
ROE
140.5%▲
2023 · 22.7%
ROA
9.6%▲
2023 · 2.5%
Interest coverage
7.44▼
2023 · 8.14
Debt ≤ 1 year
€264k▼
2023 · €267k
Income taxes
€11k▼
2023 · €19k
Staff costs
€73k▼
2023 · €112k
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 · 2024 against 2023 · 49 lines
Balance sheet
Code20232024
Assets
Total assets20/58€300k€285k▼
Fixed assets21/28€8k€6k▼
Tangible fixed assets22/27€8k€6k▼
Plant, machinery and equipment23€6k€5k▼
Furniture and vehicles24€3k€1k▼
Current assets29/58€292k€278k▼
Stocks and contracts in progress3€69k-
Stocks30/36€69k-
Amounts receivable within one year40/41€218k€276k▲
Trade receivables40€60k€109k▲
Other amounts receivable41€158k€167k▲
Deferred charges and accrued income490/1€5k€2k▼
Equity and liabilities
Total equity and liabilities10/49€300k€285k▼
Equity10/15€33k€20k▼
Contributions10/11€19k€19k=
Reserves13€949€949=
Non-distributable reserves130/1€949€949=
Reserves not available under the articles1311€949€949=
Profit (loss) carried forward14€14k-
Amounts payable17/49€267k€265k▼
Amounts payable within one year42/48€267k€264k▼
Financial debts43€35k€36k▲
Credit institutions430/8€35k€36k▲
Trade debts44€40k€106k▲
Suppliers440/4€40k€106k▲
Advances received on contracts in progress46€164k€44k▼
Taxes, remuneration and social security45€27k€37k▲
Taxes450/3€19k€33k▲
Remuneration and social security454/9€8k€4k▼
Other amounts payable47/48-€41k
Accrued charges and deferred income492/3€0€1k▲
Income statement
Code20232024
Non-recurring operating income76A-€22k
Remuneration, social security and pensions62€112k€73k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€4k▼
Other operating charges640/8€1k€663▼
Gross operating margin9900€148k€112k▼
Operating profit (loss)9901€30k€34k▲
Financial income75/76B€632€10k▲
Recurring financial income75€632€10k▲
Financial charges65/66B€4k€5k▲
Recurring financial charges65€4k€5k▲
Profit (loss) for the period before taxes9903€26k€38k▲
Income taxes67/77€19k€11k▼
Profit (loss) for the period9904€8k€27k▲
Profit (loss) for the period to be appropriated9905€8k€27k▲
Appropriation of the result
Profit (loss) to be appropriated9906€14k€41k▲
Profit (loss) brought forward from the previous period14P€6k€14k▲
Profit to be distributed694/7-€41k
Return on contributions (dividend)694-€41k
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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €22k | - |
| Remuneration, social security and pensions62 | - | €62k | €82k | €112k | €73k | ▼ 34.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €5k | €4k | €5k | €4k | ▼ 8.8% |
| Other operating charges640/8 | - | €910 | €6k | €1k | €663 | ▼ 38.7% |
| Gross operating margin9900 | €62k | €69k | €85k | €148k | €112k | ▼ 24.1% |
| Operating profit (loss)9901 | €21k | €2k | €-7k | €30k | €34k | ▲ 11.8% |
| Financial income75/76B | - | €36 | €1k | €632 | €10k | ▲ 1,456% |
| Recurring financial income75 | €80 | €36 | €1k | €632 | €10k | ▲ 1,456% |
| Non-recurring financial income76B | - | €36 | - | - | - | - |
| Financial charges65/66B | - | €7k | €3k | €4k | €5k | ▲ 19.2% |
| Recurring financial charges65 | €19k | €7k | €3k | €4k | €5k | ▲ 19.2% |
| Profit (loss) for the period before taxes9903 | €2k | €-5k | €-9k | €26k | €38k | ▲ 45.2% |
| Income taxes67/77 | €-510 | €397 | €0 | €19k | €11k | ▼ 42.4% |
| Profit (loss) for the period9904 | €3k | €-5k | €-9k | €8k | €27k | ▲ 265% |
| Profit (loss) for the period to be appropriated9905 | €3k | €-5k | €-9k | €8k | €27k | ▲ 265% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €175k | €258k | €259k | €300k | €285k | ▼ 5.1% |
| Fixed assets21/28 | €8k | €9k | €10k | €8k | €6k | ▼ 21.9% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €8k | €9k | €10k | €8k | €6k | ▼ 21.9% |
| Plant, machinery and equipment23 | - | €7k | €6k | €6k | €5k | ▼ 4.0% |
| Furniture and vehicles24 | - | €2k | €4k | €3k | €1k | ▼ 59.9% |
| Current assets29/58 | €167k | €249k | €249k | €292k | €278k | ▼ 4.6% |
| Stocks and contracts in progress3 | €29k | €48k | €52k | €69k | - | - |
| Stocks30/36 | - | €48k | €52k | €69k | - | - |
| Amounts receivable within one year40/41 | €136k | €196k | €191k | €218k | €276k | ▲ 26.9% |
| Trade receivables40 | - | €77k | €61k | €60k | €109k | ▲ 81.8% |
| Other amounts receivable41 | - | €119k | €130k | €158k | €167k | ▲ 6.0% |
| Cash at bank and in hand54/58 | €480 | €480 | €0 | - | - | - |
| Deferred charges and accrued income490/1 | - | €5k | €6k | €5k | €2k | ▼ 64.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €175k | €258k | €259k | €300k | €285k | ▼ 5.1% |
| Equity10/15 | €40k | €35k | €26k | €33k | €20k | ▼ 41.0% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €949 | €949 | €949 | €949 | €949 | = |
| Non-distributable reserves130/1 | - | €949 | €949 | €949 | €949 | = |
| Reserves not available under the articles1311 | - | €949 | €949 | €949 | €949 | = |
| Profit (loss) carried forward14 | €21k | €15k | €6k | €14k | - | - |
| Amounts payable17/49 | €135k | €223k | €234k | €267k | €265k | ▼ 0.6% |
| Amounts payable within one year42/48 | €135k | €223k | €233k | €267k | €264k | ▼ 1.0% |
| Financial debts43 | - | €32k | €31k | €35k | €36k | ▲ 1.1% |
| Credit institutions430/8 | - | €32k | €31k | €35k | €36k | ▲ 1.1% |
| Trade debts44 | €21k | €55k | €27k | €40k | €106k | ▲ 166% |
| Suppliers440/4 | - | €55k | €27k | €40k | €106k | ▲ 166% |
| Advances received on contracts in progress46 | - | €123k | €174k | €164k | €44k | ▼ 73.3% |
| Taxes, remuneration and social security45 | - | €12k | €828 | €27k | €37k | ▲ 38.1% |
| Taxes450/3 | - | €397 | €0 | €19k | €33k | ▲ 73.9% |
| Remuneration and social security454/9 | - | €11k | €828 | €8k | €4k | ▼ 50.5% |
| Other amounts payable47/48 | - | €1k | €0 | - | €41k | - |
| Accrued charges and deferred income492/3 | - | €380 | €352 | €0 | €1k | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €-5k | €-9k | €8k | €27k | ▲ 265% |
| + Depreciation and write-downs630 | €2k | €5k | €4k | €5k | €4k | ▼ 8.8% |
| Operating cash flow (approximation) | €4k | €-305 | €-5k | €12k | €32k | ▲ 158% |
| Investment in fixed assets (approximation) | - | €-6k | €-5k | €-3k | €-3k | ▲ 18.5% |
| Change in cash | - | €0 | €-480 | - | - | - |
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
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Highest result since 2018net €27k ▲265%
Operating result €34k, net result €27k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 396 days late
2023
31-12
Financial
Back to profitnet €8k
Net result €8k after 2 loss-making years.
2022
31-12
Financial
Weakest financial yearnet €-9k
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 1 day late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
10-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 71 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 23 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, Genappe · 1 establishment unit since 2017
Ground area
3,305 m²
Building footprint
271 m²
Volume, LiDAR
2,257 m³
2 parcels, Wallonia · tallest building 16.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MATUTOIT
since 20172.264.001.378
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25107B0437/00T000 | Wallonia | 2,214 m² | 1 · 176 m² | 10.4 m · 3 fl. |
| 25013C0097/00L002 | Wallonia | 1,092 m² | 1 · 95 m² | 16.0 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 8,566 companies in sector 43410 we hold annual accounts for 4,363. 2,996 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
Founded07-02-2017
Fiscal year end31-12
Activities, NACEBEL 2025
43410Roofing work
43350Other building finishing work
43421Specialised construction activities
43990Other specialised construction activities
46190Agents in non-specialised wholesale trade
Scores and ratios are computed by Checked and are not a credit decision.