Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
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Busy address KBO
61 other companies have their registered office at the same address; threshold 10.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
Matisse Belgique from Oudergem, company number BE0849298841, closed financial year 2025 with a result of € -283,380 after tax. For that financial year Matisse Belgique recorded revenue of € 2.1 million and equity of € 2.5 million. Compared with financial year 2024, the result moved from € -142,615 to € -283,380. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 9, 2026.
€ 2.5 million
▼ 10% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -283,380
▼ 99 % more loss than in 2024
Profit after tax over the fiscal year.
€ 1.1 million
▲ € 958,416 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 185,143.
Debts at end 2025
€ 12.2 million
▼ 8% vs 2024
€ 645,224 is repaid this year. At this pace the long-term loan is gone in ≈ 19 years.
€ 364,990
▲ 39% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 174 days on average.
€ 1,497
▼ 97% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 2,401,521 | € 2,579,283 | € 1,950,590 | € 2,110,962 | ▲ 8% |
| Profit after taxes | € 1,061,130 | € 617,295 | € -142,615 | € -283,380 | ▼ € 140,764 |
| Equity | € 2,305,343 | € 2,922,638 | € 2,780,023 | € 2,496,643 | ▼ 10% |
| Total debts | € 16,270,571 | € 15,179,696 | € 15,433,839 | € 12,524,320 | ▼ 19% |
| Cash | - | - | € 184,020 | € 1,142,436 | ▲ € 958,416 |
| Land & buildings | € 15,073,044 | € 14,530,504 | € 13,990,671 | € 13,450,838 | ▼ 4% |
| Retained profit | € -6,157 | € 611,138 | € 468,523 | € 185,143 | ▼ 60% |
| Bank debt | € 15,832,805 | € 14,396,471 | € 13,155,754 | € 12,157,833 | ▼ 8% |
| Balance sheet total | € 18,592,478 | € 18,136,635 | € 18,259,406 | € 15,097,637 | ▼ 17% |
Key figures of Matisse Belgique, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Matisse Belgique?
What happened at Matisse Belgique in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 283,380. Source: NBB ↗
- Matisse Holding SAS became a director. NBB
- Pedro Araujo Vinagre stepped down as director. NBB
- Francisco Galvan Gonzalez stepped down as director. NBB
- Etienne Thomassin stepped down as director. NBB
- Pedro Araujo Vinagre became a director. NBB
- Francisco Galvan Gonzalez became a director. NBB
- Etienne Thomassin became a director. NBB
In short
From € 1.1 million profit in 2022 to € 283,380 loss in 2025.
Best year ever: 2022, with € 1.1 million profit.
Pays suppliers within 174 days on average.
Management
Behind Matisse Belgique is Matisse Holding SAS. The shares are held by Matisse Holding SAS (100%).
Directors
According to the 2025 annual accounts
Managing director · represented by Frédéric Payet
since 2026
since 2023 · until 2025
Francisco Galvan Gonzalez
Director
since 2023 · until 2025
Etienne Thomassin
Managing director
since 2023 · until 2025
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Herrmann-Debrouxlaan 40-42
1160 Oudergem
de Meeûssquare 1
1000 Brussel
Active since 4 October 2012
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 61 companies are registered at this address.
All companies at this address →Lieutenant Guillaume
€ 643,418 gross margin · 2024
DE MOFFARTS & ASSOCIES
€ 29,379 gross margin · 2025
CENSITIVE
€ 4,194 gross margin · 2025
LO & TO
€ 1 million gross margin · 2025
Office francophone de la Formation en alternance
+56 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0849.298.841
- VAT number
- BE 0849.298.841
- Registered office
- Herrmann-Debrouxlaan 40-42, 1160 Oudergem
- Names & denominations
- Matisse Belgique
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 4 October 2012
- Peppol
- Not registered
- Activities · NACE
Productie van elektriciteit uit niet-hernieuwbare bronnen
Handel in elektriciteit