MatZ
ActiveSummary
MatZ has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €77k and a net result of €3k. Equity is growing by ~23.1% per year across the filed fiscal years. Its solvency ranks better than 19% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▼-1
Solvency39▼-3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity short (current ratio 0.58 against 1.56 in 2024; short-term debt: 14.1% and cash: 4% of total assets), and 86.1% 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.
−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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
13.9%
Return on assets
0.5%
Age of the figures
15 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 31791 sector peers (2025).
NBB · sector comparisonPosition among 31791 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
1 d early
2024
2 d early
2023
1 d early
2022
49 d early
2021
on the day
2020
3 d early
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€77k▼ 24.6%
2024 · €102k
2019: €35klowest in 7 years
2020: €45k▲ +28.2% vs 2019
2021: €55k▲ +20.6% vs 2020
2022: €77k▲ +40.7% vs 2021
2023: €96k▲ +24.4% vs 2022
2024: €102k▲ +6.6% vs 2023highest in 7 years
2025: €77k▼ -24.6% vs 2024
2019 → 2025
Total assets
€554k▼ 5.6%
2024 · €587k
2019: €85klowest in 7 years
2020: €119k▲ +40.0% vs 2019
2021: €369k▲ +210% vs 2020
2022: €514k▲ +39.2% vs 2021
2023: €630k▲ +22.7% vs 2022highest in 7 years
2024: €587k▼ -6.8% vs 2023
2025: €554k▼ -5.6% vs 2024
2019 → 2025
Net result
€3k▼ 58.7%
2024 · €6k
2019: €29khighest in 7 years
2020: €10k▼ -65.8% vs 2019
2021: €9k▼ -6.1% vs 2020
2022: €22k▲ +139% vs 2021
2023: €19k▼ -16.1% vs 2022
2024: €6k▼ -66.4% vs 2023
2025: €3k▼ -58.7% vs 2024lowest in 7 years
2019 → 2025
Working capital
€-33k
2024 · €29k
2019: €37k
2020: €72k▲ +97.0% vs 2019
2021: €107k▲ +48.6% vs 2020highest in 7 years
2022: €23k▼ -78.8% vs 2021
2023: €22k▼ -2.6% vs 2022
2024: €29k▲ +28.7% vs 2023
2025: €-33k▼ -215% 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€55k-€77k▲ 40.7%€96k▲ 24.4%€102k▲ 6.6%€77k▼ 24.6%
2021: €55klowest in 5 years
2022: €77k▲ +40.7% vs 2021
2023: €96k▲ +24.4% vs 2022
2024: €102k▲ +6.6% vs 2023highest in 5 years
2025: €77k▼ -24.6% vs 2024
Operating result€22k-€38k▲ 67.7%€36k▼ 3.6%€20k▼ 45.0%€15k▼ 25.5%
2021: €22k
2022: €38k▲ +67.7% vs 2021highest in 5 years
2023: €36k▼ -3.6% vs 2022
2024: €20k▼ -45.0% vs 2023
2025: €15k▼ -25.5% vs 2024lowest in 5 years
Net result€9k-€22k▲ 139%€19k▼ 16.1%€6k▼ 66.4%€3k▼ 58.7%
2021: €9k
2022: €22k▲ +139% vs 2021highest in 5 years
2023: €19k▼ -16.1% vs 2022
2024: €6k▼ -66.4% vs 2023
2025: €3k▼ -58.7% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 25% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €554k
Fixed assets
€509k ▲ 0.1%
Current assets
€46k ▼ 42.5%
Equity and liabilities €554k
Equity
€77k ▼ 24.6%
Debt
€478k ▼ 1.7%
Debt's share of the balance-sheet total rises from 82.7% to 86.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€61k▼
2024 · €64k
Cash flow
€49k▼
2024 · €50k
Current ratio
0.58▼
2024 · 1.56
Quick ratio
0.58▼
2024 · 1.55
Debt to equity
6.21▲
2024 · 4.77
ROE
3.4%▼
2024 · 6.2%
ROA
0.5%▼
2024 · 1.1%
Interest coverage
6.36▲
2024 · 5.99
Debt ≤ 1 year
€78k▲
2024 · €51k
Debt > 1 year
€398k▼
2024 · €435k
Income taxes
€3k▼
2024 · €3k
Staff costs
€19k▲
2024 · €18k
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 · 58 lines
Balance sheet
Code20242025
Assets
Total assets20/58€587k€554k▼
Fixed assets21/28€508k€509k▲
Tangible fixed assets22/27€505k€506k▲
Land and buildings22€445k€464k▲
Furniture and vehicles24€59k€42k▼
Financial fixed assets28€3k€3k=
Current assets29/58€80k€46k▼
Amounts receivable after more than one year29€33k€0▼
Trade receivables290€33k-
Other amounts receivable291-€0
Stocks and contracts in progress3€375€420▲
Stocks30/36€375€420▲
Amounts receivable within one year40/41€16k€22k▲
Trade receivables40€10k€20k▲
Other amounts receivable41€6k€2k▼
Cash at bank and in hand54/58€30k€22k▼
Deferred charges and accrued income490/1€622€650▲
Equity and liabilities
Total equity and liabilities10/49€587k€554k▼
Equity10/15€102k€77k▼
Contributions10/11€6k€6k=
Reserves13€96k€71k▼
Non-distributable reserves130/1€1k€1k=
Reserves not available under the articles1311€1k€1k=
Distributable reserves133€94k€69k▼
Profit (loss) carried forward14-€0
Amounts payable17/49€486k€478k▼
Amounts payable after more than one year17€435k€398k▼
Financial debts170/4€435k€398k▼
Amounts payable within one year42/48€51k€78k▲
Current portion of amounts payable after more than one year42€37k€40k▲
Trade debts44€3k€8k▲
Suppliers440/4€3k€8k▲
Taxes, remuneration and social security45€11k€19k▲
Taxes450/3€4k€11k▲
Remuneration and social security454/9€7k€8k▲
Other amounts payable47/48€0€12k▲
Accrued charges and deferred income492/3-€1k
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€18k€19k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€44k€46k▲
Other operating charges640/8€3k€9k▲
Gross operating margin9900€86k€89k▲
Operating profit (loss)9901€20k€15k▼
Financial income75/76B€41€125▲
Recurring financial income75€41€125▲
Financial charges65/66B€11k€10k▼
Recurring financial charges65€11k€10k▼
Profit (loss) for the period before taxes9903€9k€5k▼
Income taxes67/77€3k€3k▼
Profit (loss) for the period9904€6k€3k▼
Profit (loss) for the period to be appropriated9905€6k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€6k€3k▼
Transfer from equity791/2-€28k
Transfer to equity691/2€6k€3k▼
To other reserves6921€6k€3k▼
Profit to be distributed694/7-€28k
Return on contributions (dividend)694-€28k
Social balance
Average headcount (FTE)90870.5-
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €905 | €0 | - | - |
| Remuneration, social security and pensions62 | - | €4k | €16k | €18k | €19k | ▲ 3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €18k | €35k | €44k | €46k | ▲ 4.9% |
| Other operating charges640/8 | - | €38k | €10k | €3k | €9k | ▲ 167% |
| Gross operating margin9900 | €71k | €98k | €97k | €86k | €89k | ▲ 4.0% |
| Operating profit (loss)9901 | €22k | €38k | €36k | €20k | €15k | ▼ 25.5% |
| Financial income75/76B | - | €2k | €1k | €41 | €125 | ▲ 209% |
| Recurring financial income75 | €1k | €2k | €1k | €41 | €125 | ▲ 209% |
| Financial charges65/66B | - | €6k | €10k | €11k | €10k | ▼ 10.1% |
| Recurring financial charges65 | €10k | €6k | €10k | €11k | €10k | ▼ 10.1% |
| Profit (loss) for the period before taxes9903 | €14k | €33k | €28k | €9k | €5k | ▼ 42.1% |
| Income taxes67/77 | €4k | €11k | €9k | €3k | €3k | ▼ 7.1% |
| Profit (loss) for the period9904 | €9k | €22k | €19k | €6k | €3k | ▼ 58.7% |
| Profit (loss) for the period to be appropriated9905 | €9k | €22k | €19k | €6k | €3k | ▼ 58.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €369k | €514k | €630k | €587k | €554k | ▼ 5.6% |
| Fixed assets21/28 | €249k | €427k | €544k | €508k | €509k | ▲ 0.1% |
| Tangible fixed assets22/27 | €246k | €424k | €541k | €505k | €506k | ▲ 0.1% |
| Land and buildings22 | - | €418k | €467k | €445k | €464k | ▲ 4.1% |
| Furniture and vehicles24 | - | €7k | €74k | €59k | €42k | ▼ 29.7% |
| Financial fixed assets28 | €3k | €3k | €3k | €3k | €3k | = |
| Current assets29/58 | €120k | €86k | €87k | €80k | €46k | ▼ 42.5% |
| Amounts receivable after more than one year29 | - | €32k | €33k | €33k | €0 | ▼ 100% |
| Trade receivables290 | - | €32k | €33k | €33k | - | - |
| Other amounts receivable291 | - | - | - | - | €0 | - |
| Stocks and contracts in progress3 | - | - | €400 | €375 | €420 | ▲ 12.0% |
| Stocks30/36 | - | - | €400 | €375 | €420 | ▲ 12.0% |
| Amounts receivable within one year40/41 | €12k | €28k | €42k | €16k | €22k | ▲ 38.6% |
| Trade receivables40 | - | €10k | €30k | €10k | €20k | ▲ 102% |
| Other amounts receivable41 | - | €18k | €13k | €6k | €2k | ▼ 62.0% |
| Cash at bank and in hand54/58 | €70k | €22k | €11k | €30k | €22k | ▼ 24.0% |
| Deferred charges and accrued income490/1 | - | €4k | €133 | €622 | €650 | ▲ 4.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €369k | €514k | €630k | €587k | €554k | ▼ 5.6% |
| Equity10/15 | €55k | €77k | €96k | €102k | €77k | ▼ 24.6% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €48k | €71k | €89k | €96k | €71k | ▼ 26.2% |
| Non-distributable reserves130/1 | - | €1k | €1k | €1k | €1k | = |
| Reserves not available under the articles1311 | - | €1k | €1k | €1k | €1k | = |
| Distributable reserves133 | - | €69k | €88k | €94k | €69k | ▼ 26.6% |
| Profit (loss) carried forward14 | - | €0 | - | - | €0 | - |
| Amounts payable17/49 | €314k | €437k | €535k | €486k | €478k | ▼ 1.7% |
| Amounts payable after more than one year17 | €302k | €372k | €470k | €435k | €398k | ▼ 8.4% |
| Financial debts170/4 | - | €372k | €470k | €435k | €398k | ▼ 8.4% |
| Amounts payable within one year42/48 | €13k | €64k | €64k | €51k | €78k | ▲ 53.8% |
| Current portion of amounts payable after more than one year42 | - | €19k | €35k | €37k | €40k | ▲ 6.7% |
| Trade debts44 | - | €17k | €14k | €3k | €8k | ▲ 199% |
| Suppliers440/4 | - | €17k | €14k | €3k | €8k | ▲ 199% |
| Taxes, remuneration and social security45 | - | €28k | €15k | €11k | €19k | ▲ 70.5% |
| Taxes450/3 | - | €25k | €9k | €4k | €11k | ▲ 148% |
| Remuneration and social security454/9 | - | €3k | €6k | €7k | €8k | ▲ 22.0% |
| Other amounts payable47/48 | - | - | €990 | €0 | €12k | - |
| Accrued charges and deferred income492/3 | - | €721 | €0 | - | €1k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9k | €22k | €19k | €6k | €3k | ▼ 58.7% |
| + Depreciation and write-downs630 | €7k | €18k | €35k | €44k | €46k | ▲ 4.9% |
| Operating cash flow (approximation) | €17k | €40k | €54k | €50k | €49k | ▼ 3.1% |
| Investment in fixed assets (approximation) | - | €-196k | €-152k | €-8k | €-47k | ▼ 475% |
| Change in cash | - | €-47k | €-12k | €19k | €-7k | ▼ 137% |
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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Weakest financial yearnet €3k ▼58.7%
Net result drops to €3k, the lowest in the series.
29-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Equity above €100kEq €102k ▲6.6%
6 profitable years in a row build equity to €102k.
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
13-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Liquidity triplescurrent ratio 5.07
Current ratio from 1.94 to 5.07; short-term debt falls from €39k to €18k.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Ardooie · 1 establishment unit since 2018
Ground area
788 m²
Building footprint
164 m²
Volume, LiDAR
356 m³
Parcel 37005C0742/00X000, Flanders · tallest building 6.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
PLA-FON
since 20182.274.538.053
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37005C0742/00X000 | Flanders | 788 m² | 1 · 164 m² | 6.1 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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Of 5,699 companies in sector 70100 we hold annual accounts for 3,495. 2,196 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
Founded26-03-2018
Fiscal year end30-06
Trade name
PLA-FON
Activities, NACEBEL 2025
43310Plastering work
70100Activities of head offices
Contact
Website
www.pla-fon.be
Scores and ratios are computed by Checked and are not a credit decision.