MATYSE
ActiveSummary
The computed 12-month bankruptcy probability of MATYSE is 2.1% (moderate). The 2025 annual accounts show negative equity (€-89k) and a net result of €-21k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 15% of 18400 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability11▲+3
Solvency0▼-6
Growth58=
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.39 against 0.34 in 2024; short-term debt: 9% and cash: 0.2% of total assets), and equity is negative.
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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% 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 2025Solvency, return and age of the figures
Solvency
-26%
Return on assets
-6.2%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-89k
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 9 filingsDeviation from the deadline
2025
26 d late
2024
24 d early
2023
22 d early
2022
5 d early
2021
38 d early
2020
17 d late
2019
22 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, micro schema
Equity
€-89k▼ 31.1%
2024 · €-68k
2018: €-13k
2019: €33k▲ +355% vs 2018
2020: €79k▲ +136% vs 2019highest in 8 years
2021: €50k▼ -36.3% vs 2020
2022: €5k▼ -89.6% vs 2021
2023: €-38k▼ -820% vs 2022
2024: €-68k▼ -81.4% vs 2023
2025: €-89k▼ -31.1% vs 2024lowest in 8 years
2018 → 2025
Total assets
€344k▼ 2.7%
2024 · €353k
2018: €453k
2019: €444k▼ -1.9% vs 2018
2020: €461k▲ +3.9% vs 2019highest in 8 years
2021: €413k▼ -10.4% vs 2020
2022: €387k▼ -6.3% vs 2021
2023: €364k▼ -5.9% vs 2022
2024: €353k▼ -3.0% vs 2023
2025: €344k▼ -2.7% vs 2024lowest in 8 years
2018 → 2025
Net result
€-21k▲ 30.8%
2024 · €-31k
2018: €-38k
2019: €40k▲ +206% vs 2018
2020: €46k▲ +12.9% vs 2019highest in 8 years
2021: €-29k▼ -163% vs 2020
2022: €-45k▼ -57.5% vs 2021lowest in 8 years
2023: €-43k▲ +5.2% vs 2022
2024: €-31k▲ +28.6% vs 2023
2025: €-21k▲ +30.8% vs 2024
2018 → 2025
Working capital
€-19k▼ 37.5%
2024 · €-14k
2018: €-66klowest in 8 years
2019: €9k▲ +113% vs 2018
2020: €9k▲ +1.1% vs 2019highest in 8 years
2021: €-12k▼ -232% vs 2020
2022: €-18k▼ -56.6% vs 2021
2023: €-19k▼ -6.4% vs 2022
2024: €-14k▲ +29.4% vs 2023
2025: €-19k▼ -37.5% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€50k-€5k▼ 89.6%€-38k€-68k▼ 81.4%€-89k▼ 31.1%
2021: €50khighest in 5 years
2022: €5k▼ -89.6% vs 2021
2023: €-38k▼ -820% vs 2022
2024: €-68k▼ -81.4% vs 2023
2025: €-89k▼ -31.1% vs 2024lowest in 5 years
Operating result€-22k-€-39k▼ 77.1%€-36k▲ 6.7%€-25k▲ 31.3%€-16k▲ 33.4%
2021: €-22k
2022: €-39k▼ -77.1% vs 2021lowest in 5 years
2023: €-36k▲ +6.7% vs 2022
2024: €-25k▲ +31.3% vs 2023
2025: €-16k▲ +33.4% vs 2024highest in 5 years
Net result€-29k-€-45k▼ 57.5%€-43k▲ 5.2%€-31k▲ 28.6%€-21k▲ 30.8%
2021: €-29k
2022: €-45k▼ -57.5% vs 2021lowest in 5 years
2023: €-43k▲ +5.2% vs 2022
2024: €-31k▲ +28.6% vs 2023
2025: €-21k▲ +30.8% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €16k in 2025 against €25k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €344k
Fixed assets
€332k ▼ 4.3%
Current assets
€12k ▲ 72.5%
Key figures and ratios
EBITDA
€-2k▲
2024 · €-10k
Cash flow
€-6k▲
2024 · €-16k
Solvency
-26.0%▼
2024 · -19.3%
Current ratio
0.39▲
2024 · 0.34
Debt to equity
-4.85▲
2024 · -6.19
ROA
-6.2%▲
2024 · -8.7%
Interest coverage
-0.36▲
2024 · -1.67
Debt
€433k▲
2024 · €422k
Debt ≤ 1 year
€31k▲
2024 · €21k
Debt > 1 year
€402k▲
2024 · €401k
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 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€353k€344k▼
Fixed assets21/28€346k€332k▼
Tangible fixed assets22/27€346k€332k▼
Land and buildings22€344k€332k▼
Furniture and vehicles24€2k-
Financial fixed assets28€225€225=
Current assets29/58€7k€12k▲
Amounts receivable within one year40/41€920€11k▲
Trade receivables40€589€9k▲
Other amounts receivable41€331€1k▲
Cash at bank and in hand54/58€5k€846▼
Deferred charges and accrued income490/1€648€676▲
Equity and liabilities
Total equity and liabilities10/49€353k€344k▼
Equity10/15€-68k€-89k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-89k€-110k▼
Amounts payable17/49€422k€433k▲
Amounts payable after more than one year17€401k€402k▲
Financial debts170/4€263k€244k▼
Other amounts payable178/9€138k€159k▲
Amounts payable within one year42/48€21k€31k▲
Current portion of amounts payable after more than one year42€19k€19k▲
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€2k€12k▲
Suppliers440/4€2k€12k▲
Taxes, remuneration and social security45€171-
Taxes450/3€171-
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€15k▼
Other operating charges640/8€2k€2k▼
Gross operating margin9900€-7k€663▲
Operating profit (loss)9901€-25k€-16k▲
Financial income75/76B€4€27▲
Recurring financial income75€4€27▲
Financial charges65/66B€6k€5k▼
Recurring financial charges65€6k€5k▼
Profit (loss) for the period before taxes9903€-31k€-21k▲
Income taxes67/77€74-
Profit (loss) for the period9904€-31k€-21k▲
Profit (loss) for the period to be appropriated9905€-31k€-21k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-89k€-110k▼
Profit (loss) brought forward from the previous period14P€-58k€-89k▼
The notes to these accounts (9 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22k | €22k | €21k | €15k | €15k | ▼ 1.4% |
| Other operating charges640/8 | €2k | €2k | €3k | €2k | €2k | ▼ 0.4% |
| Gross operating margin9900 | €3k | €-14k | €-12k | €-7k | €663 | ▲ 109% |
| Operating profit (loss)9901 | €-22k | €-39k | €-36k | €-25k | €-16k | ▲ 33.4% |
| Financial income75/76B | - | €0 | - | €4 | €27 | ▲ 559% |
| Recurring financial income75 | - | €0 | - | €4 | €27 | ▲ 559% |
| Financial charges65/66B | €7k | €7k | €7k | €6k | €5k | ▼ 18.2% |
| Recurring financial charges65 | €7k | €7k | €7k | €6k | €5k | ▼ 18.2% |
| Profit (loss) for the period before taxes9903 | €-29k | €-45k | €-43k | €-31k | €-21k | ▲ 30.6% |
| Income taxes67/77 | €-78 | €51 | €83 | €74 | - | - |
| Profit (loss) for the period9904 | €-29k | €-45k | €-43k | €-31k | €-21k | ▲ 30.8% |
| Profit (loss) for the period to be appropriated9905 | €-29k | €-45k | €-43k | €-31k | €-21k | ▲ 30.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €413k | €387k | €364k | €353k | €344k | ▼ 2.7% |
| Fixed assets21/28 | €404k | €382k | €361k | €346k | €332k | ▼ 4.3% |
| Tangible fixed assets22/27 | €404k | €382k | €361k | €346k | €332k | ▼ 4.3% |
| Land and buildings22 | €383k | €370k | €357k | €344k | €332k | ▼ 3.7% |
| Furniture and vehicles24 | €21k | €12k | €4k | €2k | - | - |
| Financial fixed assets28 | €225 | €225 | €225 | €225 | €225 | = |
| Current assets29/58 | €9k | €5k | €3k | €7k | €12k | ▲ 72.5% |
| Amounts receivable within one year40/41 | €8k | €1k | €2k | €920 | €11k | ▲ 1,047% |
| Trade receivables40 | €1k | €460 | - | €589 | €9k | ▲ 1,482% |
| Other amounts receivable41 | €7k | €1k | €2k | €331 | €1k | ▲ 274% |
| Cash at bank and in hand54/58 | €522 | €2k | €261 | €5k | €846 | ▼ 84.4% |
| Deferred charges and accrued income490/1 | €434 | €665 | €1k | €648 | €676 | ▲ 4.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €413k | €387k | €364k | €353k | €344k | ▼ 2.7% |
| Equity10/15 | €50k | €5k | €-38k | €-68k | €-89k | ▼ 31.1% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | - | - | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €30k | €-15k | €-58k | €-89k | €-110k | ▼ 23.9% |
| Amounts payable17/49 | €363k | €382k | €402k | €422k | €433k | ▲ 2.7% |
| Amounts payable after more than one year17 | €342k | €359k | €379k | €401k | €402k | ▲ 0.3% |
| Financial debts170/4 | €318k | €300k | €282k | €263k | €244k | ▼ 7.3% |
| Other amounts payable178/9 | €23k | €59k | €97k | €138k | €159k | ▲ 14.8% |
| Amounts payable within one year42/48 | €21k | €23k | €22k | €21k | €31k | ▲ 49.3% |
| Current portion of amounts payable after more than one year42 | €18k | €18k | €20k | €19k | €19k | ▲ 1.9% |
| Financial debts43 | €126 | €335 | €74 | €0 | - | - |
| Credit institutions430/8 | €126 | €335 | €74 | €0 | - | - |
| Trade debts44 | €3k | €4k | €2k | €2k | €12k | ▲ 593% |
| Suppliers440/4 | €3k | €4k | €2k | €2k | €12k | ▲ 593% |
| Taxes, remuneration and social security45 | €272 | €168 | €133 | €171 | - | - |
| Taxes450/3 | €272 | €168 | €133 | €171 | - | - |
| Other amounts payable47/48 | €107 | - | - | - | - | - |
| Accrued charges and deferred income492/3 | - | €19 | €492 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-29k | €-45k | €-43k | €-31k | €-21k | ▲ 30.8% |
| + Depreciation and write-downs630 | €22k | €22k | €21k | €15k | €15k | ▼ 1.4% |
| Operating cash flow (approximation) | €-6k | €-23k | €-22k | €-16k | €-6k | ▲ 58.9% |
| Investment in fixed assets (approximation) | - | €-1k | €0 | €0 | €-1 | - |
| Change in cash | - | €2k | €-2k | €5k | €-5k | ▼ 189% |
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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-45k
Net result drops to €-45k, the lowest in the series; recovery starts the following year.
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
2020
31-12
Financial
Highest result since 2018net €46k ▲12.9%
Operating result €65k, net result €46k, both a record.
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €40k
Net result €40k after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 1.32
Current ratio from 0.31 to 1.32; short-term debt falls from €95k to €27k.
12-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 12 days late
2018
06-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 6 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Etterbeek · 1 establishment unit since 2016
Ground area
325 m²
Building footprint
129 m²
Volume, LiDAR
1,912 m³
Parcel 21005A0542/00B006, Brussels · tallest building 17.0 m, ±5 floors. Linked by address, not a title deed.
334
companies at this address
See who is registered here
1 establishment unit
Priester Cuypersstraat 3, 1040 Etterbeek
since 20162.254.450.739
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21005A0542/00B006 | Brussels | 325 m² | 1 · 129 m² | 17.0 m · 5 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 1,288 companies in sector 47690 we hold annual accounts for 425. 163 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
Founded10-06-2016
Fiscal year end31-12
Activities, NACEBEL 2025
47690Retail sale of other cultural and recreation goods
70200Business and other management consultancy
73300Public relations and communication consultancy
74201Photography, excluding press photography
82300Organisation of conventions and trade shows
93299Other amusement and recreation activities
Scores and ratios are computed by Checked and are not a credit decision.