MEMATT
ActiveSummary
The computed 12-month bankruptcy probability of MEMATT is 1.8% (moderate). The 2024 annual accounts show equity of €154k and a net result of €47k. Equity is growing by ~17.4% per year across the filed fiscal years. Its solvency ranks better than 47% of 18936 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability79▲+14
Solvency51▲+2
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity short (current ratio 0.36 against 0.35 in 2023; short-term debt: 28.7% and cash: 0.6% of total assets), and 74% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Two 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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-09-2025, 58 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
58 d late
2023
29 d late
2022
30 d late
2021
130 d late
2020
31 d late
2019
105 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€154k▲ 2.1%
2023 · €150k
Total assets
€590k▼ 5.5%
2023 · €624k
Net result
€47k▲ 278%
2023 · €12k
Working capital
€-108k▼ 7.4%
2023 · €-101k
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
Line20202021202220232024
Operating result€67k▲ 52.8%€62k▼ 8.4%€16k▼ 73.8%€24k▲ 45.7%€71k▲ 203%
Net result€38k▲ 24.7%€47k▲ 23.8%€480▼ 99.0%€12k▲ 2,482%€47k▲ 278%
Equity€90k▲ 74.2%€138k▲ 52.7%€138k▲ 0.3%€150k▲ 9.0%€154k▲ 2.1%
Total assets€484k▼ 2.6%€683k▲ 41.2%€653k▼ 4.4%€624k▼ 4.4%€590k▼ 5.5%
Debt€394k▼ 11.6%€545k▲ 38.6%€515k▼ 5.6%€474k▼ 7.9%€437k▼ 7.9%
Working capital€-22k▲ 81.6%€-94k▼ 335%€-102k▼ 8.8%€-101k▲ 1.7%€-108k▼ 7.4%
Staff (FTE)1.92.3▲ 21.1%2.6▲ 13.0%2.1▼ 19.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 203% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €590k
Fixed assets
€529k ▼ 7.2%
Current assets
€61k ▲ 12.5%
Equity and liabilities €590k
Equity
€154k ▲ 2.1%
Debt
€437k ▼ 7.9%
Debt's share of the balance-sheet total falls from 75.9% to 74.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€113k▲
2023 · €66k
Cash flow
€89k▲
2023 · €55k
Current ratio
0.36▲
2023 · 0.35
Quick ratio
0.31▲
2023 · 0.28
Debt to equity
2.84▼
2023 · 3.15
ROE
30.5%▲
2023 · 8.2%
ROA
7.9%▲
2023 · 2.0%
Interest coverage
8.50▲
2023 · 5.21
Debt ≤ 1 year
€169k▲
2023 · €155k
Debt > 1 year
€267k▼
2023 · €319k
Income taxes
€13k
Staff costs
€71k▲
2023 · €65k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €8 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €57k | €80k | €65k | €71k | ▲ 9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29k | €34k | €42k | €42k | €42k | ▼ 0.2% |
| Other operating charges640/8 | - | €1k | €4k | €1k | €2k | ▲ 55.3% |
| Non-recurring operating charges66A | - | €2k | - | - | - | - |
| Gross operating margin9900 | €121k | €157k | €142k | €132k | €187k | ▲ 41.4% |
| Operating profit (loss)9901 | €67k | €62k | €16k | €24k | €71k | ▲ 203% |
| Financial income75/76B | - | €165 | €239 | €1k | €1k | ▼ 8.8% |
| Recurring financial income75 | €565 | €165 | €239 | €1k | €1k | ▼ 8.8% |
| Financial charges65/66B | - | €14k | €16k | €13k | €13k | ▲ 5.8% |
| Recurring financial charges65 | €14k | €14k | €16k | €13k | €13k | ▲ 5.8% |
| Profit (loss) for the period before taxes9903 | €54k | €48k | €480 | €12k | €59k | ▲ 379% |
| Income taxes67/77 | €16k | €113 | - | - | €13k | - |
| Profit (loss) for the period9904 | €38k | €47k | €480 | €12k | €47k | ▲ 278% |
| Profit (loss) for the period to be appropriated9905 | €38k | €47k | €480 | €12k | €47k | ▲ 278% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €484k | €683k | €653k | €624k | €590k | ▼ 5.5% |
| Fixed assets21/28 | €430k | €650k | €610k | €570k | €529k | ▼ 7.2% |
| Tangible fixed assets22/27 | €430k | €650k | €610k | €570k | €529k | ▼ 7.2% |
| Land and buildings22 | - | €492k | €471k | €449k | €428k | ▼ 4.8% |
| Plant, machinery and equipment23 | - | €144k | €127k | €109k | €93k | ▼ 14.8% |
| Furniture and vehicles24 | - | €14k | €12k | €11k | €8k | ▼ 29.2% |
| Financial fixed assets28 | €50 | - | - | - | - | - |
| Current assets29/58 | €54k | €33k | €43k | €54k | €61k | ▲ 12.5% |
| Stocks and contracts in progress3 | €5k | €5k | €11k | €11k | €8k | ▼ 22.6% |
| Stocks30/36 | - | €5k | €11k | €11k | €8k | ▼ 22.6% |
| Amounts receivable within one year40/41 | €15k | €11k | €23k | €28k | €49k | ▲ 77.9% |
| Trade receivables40 | - | €228 | - | €146 | €119 | ▼ 18.5% |
| Other amounts receivable41 | - | €10k | €23k | €28k | €49k | ▲ 78.5% |
| Cash at bank and in hand54/58 | €26k | €17k | €9k | €15k | €4k | ▼ 74.7% |
| Deferred charges and accrued income490/1 | - | €31 | €294 | €1k | €55 | ▼ 96.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €484k | €683k | €653k | €624k | €590k | ▼ 5.5% |
| Equity10/15 | €90k | €138k | €138k | €150k | €154k | ▲ 2.1% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €70k | €117k | €118k | €130k | €133k | ▲ 2.5% |
| Amounts payable17/49 | €394k | €545k | €515k | €474k | €437k | ▼ 7.9% |
| Amounts payable after more than one year17 | €318k | €419k | €369k | €319k | €267k | ▼ 16.2% |
| Financial debts170/4 | - | €419k | €369k | €319k | €267k | ▼ 16.2% |
| Amounts payable within one year42/48 | €76k | €127k | €146k | €155k | €169k | ▲ 9.2% |
| Current portion of amounts payable after more than one year42 | - | €54k | €49k | €50k | €54k | ▲ 7.8% |
| Trade debts44 | €23k | €41k | €89k | €99k | €85k | ▼ 14.7% |
| Suppliers440/4 | - | €41k | €89k | €99k | €85k | ▼ 14.7% |
| Taxes, remuneration and social security45 | - | €31k | €8k | €5k | €9k | ▲ 73.3% |
| Taxes450/3 | - | €28k | €5k | - | €6k | - |
| Remuneration and social security454/9 | - | €4k | €2k | €5k | €4k | ▼ 31.2% |
| Other amounts payable47/48 | - | €867 | - | - | €21k | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €38k | €47k | €480 | €12k | €47k | ▲ 278% |
| + Depreciation and write-downs630 | €29k | €34k | €42k | €42k | €42k | ▼ 0.2% |
| Operating cash flow (approximation) | €67k | €82k | €42k | €55k | €89k | ▲ 63.0% |
| Investment in fixed assets (approximation) | - | €-255k | €-1k | €-2k | €-1k | ▲ 54.0% |
| Change in cash | - | €-9k | €-8k | €6k | €-11k | ▼ 294% |
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
27-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 58 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Equity above €150kEq €150k ▲9%
6 profitable years in a row build equity to €150k.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Weakest financial yearnet €480 ▼99%
Net result drops to €480, the lowest in the series; recovery starts the following year.
08-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 130 days late
2021
31-12
Financial
Highest result since 2018net €47k ▲23.8%
Net result €47k, the highest in the series.
31-12
Financial
Equity above €100kEq €138k ▲52.7%
4 profitable years in a row build equity to €138k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
13-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 105 days late
2019
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 56 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, Geraardsbergen · 1 establishment unit since 2016
Ground area
188 m²
Building footprint
154 m²
Volume, LiDAR
806 m³
Parcel 41041A0237/00X002, Flanders · tallest building 11.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Frituur De Speurweg
since 20162.257.663.122
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41041A0237/00X002 | Flanders | 188 m² | 1 · 154 m² | 11.2 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteGeraardsbergen2.257.663.122
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Of 21,861 companies in sector 56112 we hold annual accounts for 9,773. 7,211 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
Founded09-06-2016
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
Scores and ratios are computed by Checked and are not a credit decision.