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Elektro Mathys

Active
Private limited companyfounded 20251 yr activeHoogweg 13, 9690 Kluisbergen, BelgiumKBO/BCE: BE 1024.097.591
Summary

The computed 12-month bankruptcy probability of Elektro Mathys is 1.5% (moderate). The 2025 annual accounts show equity of €47,227 and a net result of €42,227. Its solvency ranks better than 37% of 28184 sector peers (fiscal year 2025). The company has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability100
Solvency60
Growth-
Track record67
Bankruptcy probability, 12 months
1.5% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity tight (current ratio 1.22; short-term debt: 55.3% and cash: 25% of total assets), and 64.6% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
35.4%
Return on assets
31.7%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-07-2026, 11 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
11 d early
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 6 June 2025, Elektro Mathys was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€47,227
Total assets
€133,292
Net result
€42,227
Working capital
€16,291

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €133,292
Fixed assets €43,262
Current assets €90,030
Equity and liabilities €133,292
Equity €47,227
Debt €86,065
Debt finances 64.6% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€62,896
Cash flow
€46,618
Current ratio
1.22
Debt to equity
1.82
ROE
89.4%
ROA
31.7%
Interest coverage
131.50
Debt ≤ 1 year
€73,739
Debt > 1 year
€12,326
Income taxes
€15,847

Peer companies

Historical observation

Of the 11,279 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 97% are still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
2.6% stopped otherwise
97% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 1.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 11,279 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 42 lines
Balance sheet Code2025
Assets
Total assets20/58€133,292
Fixed assets21/28€43,262
Intangible fixed assets21€17,178
Tangible fixed assets22/27€26,084
Plant, machinery and equipment23€4,405
Furniture and vehicles24€3,605
Leasing and similar rights25€18,074
Current assets29/58€90,030
Amounts receivable within one year40/41€56,764
Trade receivables40€49,620
Other amounts receivable41€7,144
Cash at bank and in hand54/58€33,266
Equity and liabilities
Total equity and liabilities10/49€133,292
Equity10/15€47,227
Contributions10/11€5,000
Reserves13€42,227
Distributable reserves133€42,227
Amounts payable17/49€86,065
Amounts payable after more than one year17€12,326
Financial debts170/4€12,326
Amounts payable within one year42/48€73,739
Current portion of amounts payable after more than one year42€5,301
Trade debts44€46,308
Suppliers440/4€46,308
Taxes, remuneration and social security45€18,786
Taxes450/3€18,786
Other amounts payable47/48€3,344
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,391
Other operating charges640/8€550
Gross operating margin9900€63,446
Operating profit (loss)9901€58,505
Financial income75/76B€47
Recurring financial income75€47
Financial charges65/66B€478
Recurring financial charges65€478
Profit (loss) for the period before taxes9903€58,073
Income taxes67/77€15,847
Profit (loss) for the period9904€42,227
Profit (loss) for the period to be appropriated9905€42,227
Appropriation of the result
Profit (loss) to be appropriated9906€42,227
Transfer to equity691/2€42,227
To other reserves6921€42,227

The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,391
Other operating charges640/8€550
Gross operating margin9900€63,446
Operating profit (loss)9901€58,505
Financial income75/76B€47
Recurring financial income75€47
Financial charges65/66B€478
Recurring financial charges65€478
Profit (loss) for the period before taxes9903€58,073
Income taxes67/77€15,847
Profit (loss) for the period9904€42,227
Profit (loss) for the period to be appropriated9905€42,227
Line2025
Assets
Total assets20/58€133,292
Fixed assets21/28€43,262
Intangible fixed assets21€17,178
Tangible fixed assets22/27€26,084
Plant, machinery and equipment23€4,405
Furniture and vehicles24€3,605
Leasing and similar rights25€18,074
Current assets29/58€90,030
Amounts receivable within one year40/41€56,764
Trade receivables40€49,620
Other amounts receivable41€7,144
Cash at bank and in hand54/58€33,266
Equity and liabilities
Total equity and liabilities10/49€133,292
Equity10/15€47,227
Contributions10/11€5,000
Reserves13€42,227
Distributable reserves133€42,227
Amounts payable17/49€86,065
Amounts payable after more than one year17€12,326
Financial debts170/4€12,326
Amounts payable within one year42/48€73,739
Current portion of amounts payable after more than one year42€5,301
Trade debts44€46,308
Suppliers440/4€46,308
Taxes, remuneration and social security45€18,786
Taxes450/3€18,786
Other amounts payable47/48€3,344
Line2025
Profit (loss) for the period9904€42,227
+ Depreciation and write-downs630€4,391
Operating cash flow (approximation)€46,618

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
20-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Kluisbergen · 1 establishment unit since 2025
seat establishment The establishment unit on the map
Ground area
414 m²
Building footprint
95 m²
Parcel 45043C0147/00G000, Flanders. Linked by address, not a title deed.
1 establishment unit
Elektro Mathys bv
Hoogweg 13, 9690 KluisbergenManufacture of other builders' carpentry and joinery
since 20252.374.662.047
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
45043C0147/00G000 Flanders 414 m² 1 · 95 m² -
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.

Similar companies · same sector, comparable size

Of 22,831 companies in sector 43211 we hold annual accounts for 10,329. 8,518 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
Founded06-06-2025
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
16230Manufacture of other builders' carpentry and joinery
33200Installation of industrial machinery and equipment
43320Joinery installation
47521Retail sale of hardware, building materials, paint and glass (general range)
E-invoicing
Reachable via Peppol
Peppol ID 0208:1024097591
Also 9925:BE1024097591
Registered 23-06-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.