Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 24 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MATCARS from Waregem, company number BE0885911193, closed financial year 2025 with a result of € 45,727 after tax. For that financial year MATCARS recorded a gross margin of € 679,585 and equity of € 260,018. Compared with financial year 2024, the result moved from € 65,294 to € 45,727. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 26, 2026.
€ 260,018
▲ 21% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 45,727
▼ 30% vs 2024
Profit after tax over the fiscal year.
€ 411,567
▼ 11% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -792,211.
People and assets in 2025
4.8
▲ 0.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 338,672
▲ 3% vs 2024
€ 70,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 2,327
▼ 9% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.2 million
▼ 8% vs 2024
€ 110,749 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 4.1 million
▲ 11% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 70,361
▲ 1% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 12,320,501 | € 10,013,235 | € 10,250,297 | - | |
| Gross margin | - | - | - | € 679,585 | |
| Profit after taxes | € 21,152 | € 111,781 | € 65,294 | € 45,727 | ▼ 30% |
| Equity | € 37,216 | € 148,997 | € 214,291 | € 260,018 | ▲ 21% |
| Total debts | € 4,953,685 | € 5,692,439 | € 5,733,332 | € 5,611,022 | ▼ 2% |
| Cash | € 158,393 | € 206,765 | € 461,975 | € 411,567 | ▼ 11% |
| Land & buildings | € 1,326,094 | € 1,252,465 | € 1,178,835 | € 1,105,205 | ▼ 6% |
| Retained profit | € -1,080,263 | € -946,732 | € -859,688 | € -792,211 | ▲ € 67,477 |
| Bank debt | € 1,691,330 | € 1,581,141 | € 1,280,642 | € 1,175,142 | ▼ 8% |
| Balance sheet total | € 4,990,900 | € 5,841,436 | € 5,947,623 | € 5,871,040 | ▼ 1% |
| Employees (FTE) | 8.5 | 4.6 | 4.6 | 4.8 | ▲ 0.2 |
Key figures of MATCARS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 June 2027.
What happened to MATCARS?
What happened at MATCARS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 45,727 (▼ 30% vs 2024). Source: NBB ↗
- New establishment in Waregem. KBO
- Start of the company according to the CBE. KBO
In short
From € 21,152 profit in 2022 to € 45,727 profit in 2025.
Paid € 1,486 in corporate taxes since 2022.
Best year ever: 2023, with € 111,781 profit.
On average € 141,600 of value added per employee in 2025.
A new publication or filing at MATCARS? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind MATCARS are Luc Matthys, Christine Bonne, Mas-co Invest BV and Phil-co Invest BV. Luc Matthys is also behind IMMOF. Christine Bonne is also behind IMMOF.
Directors
According to the 2025 annual accounts
Director · represented by Ann-Sofie Matthys
Director · represented by Philippe Matthys
Establishments
Establishment units
Physical locations of this company
Flanders-Fieldweg 34 box A
8790 Waregem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0885.911.193
- VAT number
- BE 0885.911.193
- Registered office
- Flanders-Fieldweg 34 bus A, 8790 Waregem
- Names & denominations
- MATCARS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 December 2006
- Peppol
- Active · Active since 23 Dec 2025
- Activities · NACE
Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)
Groothandel in auto's en lichte bestelwagens (<= 3,5 ton)
Groothandel in motorvoertuigen
Detailhandel in auto's en lichte bestelwagens (= 3,5 ton)
Groothandel in auto's en lichte bestelwagens (= 3,5 ton)
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (<= 3,5 ton)
Groothandel in delen en toebehoren van motorvoertuigen
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