MATS BIKES
MATS BIKES has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €724k and a net result of €101k. Equity is growing by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 70% of 338 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
| Equity | €724k |
| Net result | €101k |
| Staff (FTE) | 3.7 |
| Better than sector | 70% |
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 59.7% | 36.5% | |
| Net result | €101k | €44k | |
| Equity | €724k | €279k | |
| Gross operating margin | €325k | €244k | |
| Staff costs | €164k | €174k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - |
| EBITDA | €156k | €132k | €118k | €81k |
| Net profit | €101k | €81k | €86k | €26k |
| Cash flow | €118k | €98k | €104k | €42k |
| Staff costs | €164k | €152k | €151k | €150k |
| Income taxes | €37k | €30k | €24k | €16k |
| Dividends | €300k | - | - | - |
| Total assets | €1.21M | €1.05M | €1.47M | €872k |
| Equity | €724k | €924k | €843k | €757k |
| Debt | €490k | €124k | €628k | €115k |
| of which ≤ 1y | €490k | €124k | €628k | €115k |
| of which > 1y | - | - | - | - |
| Working capital | €682k | €864k | €766k | €667k |
| Employees (FTE) | 3.7 | 3.4 | 3.5 | 3.8 |
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 2.39 | 7.99 | 2.22 | 6.79 |
| Quick ratio | 1.78 | 4.91 | 1.63 | 2.82 |
| Working capital ratio | 56.2% | 82.6% | 52.1% | 76.5% |
| Solvency | 59.7% | 88.2% | 57.3% | 86.8% |
| Debt / equity | 0.68 | 0.13 | 0.74 | 0.15 |
| Long-term debt ratio | - | - | - | - |
| Interest coverage | 30.46 | 21.10 | -15.48 | 3.20 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 8.3% | 7.7% | 5.9% | 2.9% |
| ROE | 13.9% | 8.7% | 10.2% | 3.4% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Full annual accounts (25 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €1.21M | €1.05M | €1.47M | €872k |
| Fixed assets | 21/28 | €42k | €59k | €77k | €90k |
| Tangible fixed assets | 22/27 | €41k | €59k | €76k | €90k |
| Financial fixed assets | 28 | €510 | €510 | €510 | €510 |
| Current assets | 29/58 | €1.17M | €988k | €1.39M | €782k |
| Stocks & contracts in progress | 3 | €298k | €381k | €373k | €456k |
| Amounts receivable within one year | 40/41 | €170k | €300k | €550k | €184k |
| Investments | 50/53 | €269k | €220k | €171k | €107k |
| Cash & bank | 54/58 | €89k | €85k | €296k | €29k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.21M | €1.05M | €1.47M | €872k |
| Equity | 10/15 | €724k | €924k | €843k | €757k |
| Contributions / capital | 10/11 | €417k | €417k | €417k | €417k |
| Reserves | 13 | €307k | €507k | €426k | €340k |
| Accumulated profits (losses) | 14 | €0 | - | - | - |
| Amounts payable | 17/49 | €490k | €124k | €628k | €115k |
| Amounts payable within one year | 42/48 | €490k | €124k | €628k | €115k |
| Trade debts payable within one year | 44 | €128k | €83k | €574k | €58k |
| Income statement | |||||
| Gross operating margin | 9900 | €325k | €287k | €272k | €240k |
| Operating result | 9901 | €139k | €114k | €101k | €64k |
| Financial income | 75 | €3k | €3k | €2k | €2k |
| Financial charges | 65 | €5k | €6k | €-8k | €25k |
| Result before taxes | 9903 | €138k | €111k | €111k | €41k |
| Income taxes | 67/77 | €37k | €30k | €24k | €16k |
| Net result for the period | 9904 | €101k | €81k | €86k | €26k |
| Result to be appropriated | 9905 | €101k | €81k | €86k | €26k |
| NACE primary | Wholesale trade(46730) |
| Legal form | Private limited company(610) |
| Incorporation | 19-12-2016 |
| Status | Active |
| Postal code | 9470 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41402B0563/00G000 | Flanders | 761 m² | 1 · 160 m² | - |
| 41402B1372/00W000 | Flanders | 480 m² | 1 · 480 m² | 9.1 m · 3 fl. |
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.
11-12-2023 Discharge granted to the board correction
Technical details
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}| Legal nameNL | MATS BIKES |