EURO - CONSTRUCT
ActiveSummary
EURO - CONSTRUCT has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.0m and a net result of €314,406. Equity has been growing by about 3.7% per year since 2018. Its solvency ranks better than 95% of 6,172 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 20-03-1990 Normal situation
- Activity
- Wholesale of construction materials, general range NACE 46831and 1 other
- Joint committees
- 124 Paritair Comité voor het bouwbedrijf
- 200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2025
- Establishment unit
- 2.047.749.281 3850 Nieuwerkerken (Limb.), since 05-04-1990
- Financial year end
- 31 December
- Peppol
- Reachable since 02-01-2026
Board and ownership
Board
- MATTIManaging director · permanent representative MASEROLI Ivan
Shareholders
- MATIMAT100%· score 962025 annual accounts of MATIMAT
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
Annual accounts 2025
- Gross margin
- €1.3m
- ▼ 4.0%
- Turnover
- ≈ €5.6m
- estimated
- Profit
- €314,406
- ▼ 48.1%
- Equity
- €6.0m
- ▲ 5.6%
- Total assets
- €6.1m
- ▲ 5.4%
- Employees on 31-12-2025
- 16
- ▲ 6.7%
- 2025 accounts filed 25 days after the deadline
Score breakdownlowers riskLiquidity: current ratio 59.93, cash €1.2mFounded in 1990Equity €6.0m (98.5% of total assets)Profit of €314,406 (financial year 2025)Show the evidence
Checked score
Score 2025
97
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 78% of small companies in wholesale trade (NACE 46)
Financial strength · tick: 2024
Strong
Solvency
100=
equity 98.5% of total assets
Liquidity
75+7
short-term debt 1.5% · cash 19.7%
Profitability
75-7
return on assets 5.2%
Bankruptcy probability within 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026highest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Credit of up to €550,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 59.93 (51.74 in 2024), above the usual 1.5. Short-term debt is 1.5% and cash 19.7% of total assets. 1.5% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, small). It does better than 92% of them on solvency, 90% on liquidity, 72% on profitability and 57% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit check for an amount and term of your choice
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 25 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
25 days late
2024
on the day
2023
30 days late
2022
60 days late
2021
102 days late
2020
107 days late
2019
90 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 59 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 August (4 of the last 5 accounts filed within 31 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, full format
2025 annual accounts filed 25 days after the deadline Filed on 25 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00421115.
Annual accounts 2025 filed on 25-08-2026 at the NBB all 36 filings
Turnover
≈ €5.6m
Estimated: probably between €3.4m and €9.5m
EBIT margin
Not included in this filing
Net result
€314,406▼ 48.1%
2024 · €605,260
Working capital
€5.2m▲ 9.0%
2024 · €4.8m
In the rankings
#1 company by equity in Nieuwerkerken, Wholesale and retail trade sector#4 company by total assets in Nieuwerkerken, Wholesale and retail trade sector#5 oldest company in Nieuwerkerken, Wholesale and retail trade sector
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 28% lower than in 2024 and the lowest since 2021. It is the fourth fall in a row.
Operating result€0.3m
2025
Net result€0.3m
2025
Total assets€6.1m
2025
Equity€6.0m
2025
Debt€0.09m
2025
Working capital€5.2m
2025
Return on assets (ROA)5.2%
2025
Solvency98.5%
2025
Current ratio59.93
2025
Staff (FTE)14
2025
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Wholesale trade (NACE 46). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.8m-€0.7m▼ 13.8%€0.7m▲ 1.1%€1.0m▲ 46.6%€0.8m▼ 23.6%€0.5m▼ 41.4%€0.5m=€0.3m▼ 27.6%
Net result€0.6m-€0.5m▼ 23.1%€0.5mabove the sector's middle half▲ 17.9%€0.9mabove the sector's middle half▲ 68.3%€0.7mabove the sector's middle half▼ 28.1%€0.4mabove the sector's middle half▼ 39.8%€0.6mabove the sector's middle half▲ 52.0%€0.3mwithin the sector's middle half▼ 48.1%
Equity€5.1m-€5.5m▲ 9.2%€6.1mabove the sector's middle half▲ 9.9%€7.0mabove the sector's middle half▲ 15.2%€7.7mabove the sector's middle half▲ 9.5%€7.0mabove the sector's middle half▼ 8.0%€5.7mabove the sector's middle half▼ 19.8%€6.0mabove the sector's middle half▲ 5.6%
Total assets€5.3m-€5.6m▲ 6.9%€6.2mabove the sector's middle half▲ 10.4%€7.2mabove the sector's middle half▲ 15.5%€7.9mabove the sector's middle half▲ 9.8%€7.2mabove the sector's middle half▼ 8.9%€5.7mabove the sector's middle half▼ 19.9%€6.1mwithin the sector's middle half▲ 5.4%
Debt€0.2m-€0.09m▼ 51.5%€0.1m▲ 42.3%€0.2m▲ 31.4%€0.2m▲ 22.7%€0.1m▼ 39.7%€0.1m▼ 25.4%€0.09m▼ 5.9%
Working capital€4.0m-€4.6m▲ 13.2%€5.2mabove the sector's middle half▲ 14.2%€6.2mabove the sector's middle half▲ 18.3%€6.9mabove the sector's middle half▲ 10.9%€6.3mabove the sector's middle half▼ 7.5%€4.8mabove the sector's middle half▼ 24.9%€5.2mabove the sector's middle half▲ 9.0%
Solvency96.3%-98.3%▲ 2.0pp97.9%above the sector's middle half▼ 0.5pp97.6%above the sector's middle half▼ 0.3pp97.3%above the sector's middle half▼ 0.3pp98.2%above the sector's middle half▲ 0.9pp98.3%above the sector's middle half▲ 0.1pp98.5%above the sector's middle half▲ 0.2pp
Current ratio21.97-49.96▲ 27.9940.29above the sector's middle half▼ 9.6736.41above the sector's middle half▼ 3.8833.10above the sector's middle half▼ 3.3151.12above the sector's middle half▲ 18.0251.74above the sector's middle half▲ 0.6259.93above the sector's middle half▲ 8.19
Return on assets (ROA)11.5%-8.3%▼ 3.2pp8.8%within the sector's middle half▲ 0.6pp12.8%above the sector's middle half▲ 4.0pp8.4%within the sector's middle half▼ 4.4pp5.6%within the sector's middle half▼ 2.9pp10.5%within the sector's middle half▲ 5.0pp5.2%within the sector's middle half▼ 5.3pp
Staff (FTE)12.6-15▲ 19.0%15.4above the sector's middle half▲ 2.7%17.6above the sector's middle half▲ 14.3%18.1above the sector's middle half▲ 2.8%17.4above the sector's middle half▼ 3.9%14.3above the sector's middle half▼ 17.8%14within the sector's middle half▼ 2.1%
above
within
below
The sector band is the middle half of the companies in Wholesale trade (NACE 46). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.1m
Fixed assets
€774,188 ▼ 12.9%
Current assets
€5.3m ▲ 8.7%
Equity and liabilities €6.1m
Equity
€6.0m ▲ 5.6%
Debt
€90,714 ▼ 5.9%
Debt's share of the balance-sheet total falls from 1.7% to 1.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€494,464▼
2024 · €602,109
Cash flow
€468,925▼
2024 · €737,536
Quick ratio
58.91▲
2024 · 50.67
Debt to equity
0.02▼
2024 · 0.02
ROE
5.3%▼
2024 · 10.7%
Interest coverage
9.28▼
2024 · 21.39
Debt ≤ 1 year
€88,139▼
2024 · €93,901
Income taxes
€107,602▼
2024 · €193,628
Staff costs
€827,770▲
2024 · €776,571
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 19 | 20 | 19 | 15 | 16 |
| full-time | 16 | 17 | 15 | 11 | 13 |
| part-time | 3 | 3 | 4 | 4 | 3 |
| in full-time equivalents | 17.4 | 18.4 | 17.4 | 13.1 | 15 |
| Average over the year, in full-time equivalents | 17.6 | 18.1 | 17.4 | 14.3 | 14 |
| On a permanent contract | 19 | 20 | 19 | 15 | 16 |
| Joined | 11 | - | - | 2 | 8 |
| Left | 9 | - | - | 6 | 7 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €83,941 | €94,750 | €18,875 | €317,220 | €39,692 |
| Financial fixed assets | - | €135 | - | - | - |
| Depreciation and write-downs of the year | €118,602 | €108,682 | €116,589 | €132,276 | €154,519 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2023 · 2 entries · €1,751 awarded · €1,751 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2023 | 1 | €1,040 | €1,040 |
| 2022 | 1 | €711 | €711 |
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0.002m | €0.03m | - | €0.009m | €0.004m | ▼ 57.0% |
| Remuneration, social security and pensions62 | - | - | - | €0.8m | €0.9m | €0.9m | €0.8m | €0.8m | ▲ 6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.2m | ▲ 16.8% |
| Other operating charges640/8 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | ▲ 2.9% |
| Gross operating margin9900 | €1.6m | €1.5m | €1.5m | €2.0m | €1.8m | €1.5m | €1.4m | €1.3m | ▼ 4.0% |
| Operating profit (loss)9901 | €0.8m | €0.7m | €0.7m | €1.0m | €0.8m | €0.5m | €0.5m | €0.3m | ▼ 27.6% |
| Financial income75/76B | - | - | - | €0.2m | €0.1m | €0.1m | €0.4m | €0.1m | ▼ 62.1% |
| Recurring financial income75 | €0.08m | €0.03m | €0.06m | €0.2m | €0.1m | €0.1m | €0.4m | €0.1m | ▼ 62.1% |
| Financial charges65/66B | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.05m | ▲ 89.2% |
| Recurring financial charges65 | €0.04m | €0.08m | €0.04m | €0.03m | €0.03m | €0.03m | €0.03m | €0.05m | ▲ 89.2% |
| Profit (loss) for the period before taxes9903 | €0.9m | €0.7m | €0.7m | €1.2m | €0.9m | €0.5m | €0.8m | €0.4m | ▼ 47.2% |
| Income taxes67/77 | €0.3m | €0.2m | €0.2m | €0.3m | €0.2m | €0.1m | €0.2m | €0.1m | ▼ 44.4% |
| Profit (loss) for the period9904 | €0.6m | €0.5m | €0.5m | €0.9m | €0.7m | €0.4m | €0.6m | €0.3m | ▼ 48.1% |
| Profit (loss) for the period to be appropriated9905 | €0.6m | €0.5m | €0.5m | €0.9m | €0.7m | €0.4m | €0.6m | €0.3m | ▼ 48.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €5.3m | €5.6m | €6.2m | €7.2m | €7.9m | €7.2m | €5.7m | €6.1m | ▲ 5.4% |
| Fixed assets21/28 | €1.0m | €1.0m | €0.9m | €0.8m | €0.8m | €0.7m | €0.9m | €0.8m | ▼ 12.9% |
| Tangible fixed assets22/27 | €1.0m | €1.0m | €0.9m | €0.8m | €0.8m | €0.7m | €0.9m | €0.8m | ▼ 12.9% |
| Land and buildings22 | - | - | - | €0.7m | €0.6m | €0.5m | €0.5m | €0.4m | ▼ 12.6% |
| Plant, machinery and equipment23 | - | - | - | €0.1m | €0.1m | €0.08m | €0.2m | €0.2m | ▼ 9.3% |
| Furniture and vehicles24 | - | - | - | €0.02m | €0.09m | €0.09m | €0.2m | €0.2m | ▼ 17.4% |
| Financial fixed assets28 | €135 | €135 | €135 | €135 | €270 | €270 | €270 | €270 | = |
| Current assets29/58 | €4.2m | €4.7m | €5.4m | €6.4m | €7.1m | €6.5m | €4.9m | €5.3m | ▲ 8.7% |
| Stocks and contracts in progress3 | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | €0.1m | €0.1m | €0.09m | ▼ 11.0% |
| Stocks30/36 | - | - | - | €0.2m | €0.2m | €0.1m | €0.1m | €0.09m | ▼ 11.0% |
| Amounts receivable within one year40/41 | €0.4m | €0.4m | €0.6m | €0.5m | €0.6m | €0.6m | €0.6m | €0.6m | = |
| Trade receivables40 | - | - | - | €0.5m | €0.6m | €0.5m | €0.5m | €0.5m | ▲ 5.7% |
| Other amounts receivable41 | - | - | - | €0.06m | €0.01m | €0.1m | €0.09m | €0.07m | ▼ 29.2% |
| Current investments50/53 | €2.9m | €2.7m | €3.0m | €4.1m | €4.1m | €4.2m | €3.3m | €3.4m | ▲ 2.2% |
| Cash at bank and in hand54/58 | €0.8m | €1.4m | €1.6m | €1.6m | €2.2m | €1.5m | €0.8m | €1.2m | ▲ 43.4% |
| Deferred charges and accrued income490/1 | - | - | - | €434 | €0.001m | €0.001m | €0.001m | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €5.3m | €5.6m | €6.2m | €7.2m | €7.9m | €7.2m | €5.7m | €6.1m | ▲ 5.4% |
| Equity10/15 | €5.1m | €5.5m | €6.1m | €7.0m | €7.7m | €7.0m | €5.7m | €6.0m | ▲ 5.6% |
| Contributions10/11 | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | = |
| Capital10 | - | - | - | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | = |
| Issued capital100 | - | - | - | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | = |
| Reserves13 | €5.0m | €5.5m | €6.0m | €6.9m | €7.6m | €7.0m | €5.6m | €5.9m | ▲ 5.6% |
| Non-distributable reserves130/1 | - | - | - | €0.008m | €0.008m | €0.008m | €0.008m | €0.008m | = |
| Legal reserve130 | - | - | - | €0.008m | €0.008m | €0.008m | €0.008m | €0.008m | = |
| Tax-exempt reserves132 | - | - | - | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Distributable reserves133 | - | - | - | €6.9m | €7.5m | €6.9m | €5.5m | €5.8m | ▲ 5.7% |
| Amounts payable17/49 | €0.2m | €0.09m | €0.1m | €0.2m | €0.2m | €0.1m | €0.1m | €0.09m | ▼ 5.9% |
| Amounts payable within one year42/48 | €0.2m | €0.09m | €0.1m | €0.2m | €0.2m | €0.1m | €0.09m | €0.09m | ▼ 6.1% |
| Trade debts44 | €0.06m | €0.05m | €0.1m | €0.1m | €0.1m | €0.09m | €0.04m | €0.02m | ▼ 30.2% |
| Suppliers440/4 | - | - | - | €0.1m | €0.1m | €0.09m | €0.04m | €0.02m | ▼ 30.2% |
| Bills of exchange payable441 | - | - | - | €0.01m | - | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.04m | €0.07m | €0.03m | €0.05m | €0.06m | ▲ 12.5% |
| Taxes450/3 | - | - | - | €0.03m | €0.04m | €0.02m | €0.04m | €0.03m | ▼ 43.3% |
| Remuneration and social security454/9 | - | - | - | €0.004m | €0.03m | €0.01m | €0.007m | €0.03m | ▲ 355% |
| Other amounts payable47/48 | - | - | - | €0.005m | €0.007m | €0.007m | €0.006m | €0.005m | ▼ 24.5% |
| Accrued charges and deferred income492/3 | - | - | - | €204 | €0.001m | €0.003m | €0.002m | €0.003m | ▲ 3.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.6m | €0.5m | €0.5m | €0.9m | €0.7m | €0.4m | €0.6m | €0.3m | ▼ 48.1% |
| + Depreciation and write-downs630 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.2m | ▲ 16.8% |
| Operating cash flow (approximation) | €0.7m | €0.6m | €0.7m | €1.0m | €0.8m | €0.5m | €0.7m | €0.5m | ▼ 36.4% |
| Investment in fixed assets (approximation) | - | -€0.05m | -€0.006m | -€0.08m | -€0.09m | -€0.02m | -€0.3m | -€0.04m | ▲ 87.5% |
| Change in cash | - | €0.6m | €0.2m | -€0.02m | €0.6m | -€0.6m | -€0.7m | €0.4m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 20,136 companies had the same profile as EURO - CONSTRUCT has now. Two years later, 0.2% had gone bankrupt and 95.0% were still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95.0%
was still going
That fits the bankruptcy probability of EURO - CONSTRUCT itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 20,136 companies, not a prediction for EURO - CONSTRUCT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 36 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 25-08-2026 | 2026-00421115 | |
| 31-12-2024 | abbreviated format | 31-07-2025 | 2025-00353108 | |
| 31-12-2023 | abbreviated format | 30-08-2024 | 2024-00401254 | |
| 31-12-2022 | abbreviated format | 29-09-2023 | 2023-00460330 | |
| 31-12-2021 | abbreviated format | 10-11-2022 | 2022-20518283 | |
| 31-12-2020 | abbreviated format | 15-11-2021 | 2021-77400298 | |
| 31-12-2019 | abbreviated format | 29-10-2020 | 2020-66400578 | |
| 31-12-2018 | abbreviated format | 24-09-2019 | 2019-65500429 | |
| 31-12-2017 | abbreviated format | 25-09-2018 | 2018-64600347 | |
| 31-12-2016 | abbreviated format | 31-08-2017 | 2017-59100311 |
Board & ownership
Directors
Directors
1 director, 1 in day-to-day management, last change in 2024
Board 1
MATTI
Current
Sole director · since 03-01-2022 · Private limited company · permanent representative: MASEROLI Ivan · listed in the 2025 annual accounts, filed on 25-08-2026
Day-to-day management 1
MATTI
Current
Managing director · appointed in the act of 24-03-2022 · Private limited company · permanent representative: MASEROLI Ivan
Permanent representatives 1
MASEROLI Ivan
Current
Permanent representative · appointed in the act of 24-03-2022 · for MATTI
Owners and capital
Shareholders
1 ownerChain of control
- MATIMAT
- EURO - CONSTRUCT
Owners 1
- MATIMATparentSourceaccounts MATIMAT 2025Equity €3.6m Profit of €43,329 in 2025 (profit of €2.0m in 2024) Checked score 96100%
Capital transactions
Capital over time
- 05-01-2024 Capital stated in the deed · €75,000 · 3,000 shares
Mandate history
3 people, 1 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| MATTI |
|
| Medardo MASEROLI |
|
| MASEROLI Ivan |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “1, enige bestuurder”“ARTIKEL VIJFTIEN:VERGOEDING VAN DE BESTUURDER, behoudens andersluidende beslissing van de algemene vergadering”deed of 12-04-2024 (in Dutch)
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Vereffenaars bevoegd tot alle verrichtingen vermeld in wet, tenzij algemene vergadering anders besluit bij gewone meerderheid van stemmen”deed of 05-01-2024 (in Dutch)
Network & group
Connections & network
1 current directorThe board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
This company
Company
Director
Shareholding
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Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
25-08
full format · 25 days late
2025
31-12
Financial
Weakest financial yearnet €314,406 ▼48.1%
The net result drops to €314,406, the lowest from 2018 to 2025.
31-07
abbreviated format · on the deadline day
2024
30-08
abbreviated format · 30 days late
12-04
Gazette deed
Resignation: Medardo MASEROLI (director)Appointment: MATTI (sole director) · Permanent representative: MASEROLI Ivan · Director discharge9 points ▸
Gazette deed
Resignation: Medardo MASEROLI (director)
Appointment: MATTI (sole director) · Permanent representative: MASEROLI Ivan · Director discharge9 points ▸
- General meeting, 04-04-2024
- Director resignation, Medardo MASEROLI (director)
- Director discharge, Medardo MASEROLI (director)
- Board rule, 1, “overgang naar bestuursorgaan bestaande uit enige bestuurder” (deed in Dutch)
- Director appointment, MATTI (sole director)
- Permanent representative, MASEROLI Ivan
- Amendment of the articles, mentioned 2 times in the deed
- Power of attorney, MATTI
- Power of attorney, Cedric HONOREZ
05-01
Gazette deed
Reappointments: BV MATTI (director) and Medardo MASEROLI (director)Permanent representative: Ivan Maseroli · Appointment: BV MATTI (managing director) · Purpose change11 points ▸
Gazette deed
Reappointments: BV MATTI (director) and Medardo MASEROLI (director)
Permanent representative: Ivan Maseroli · Appointment: BV MATTI (managing director) · Purpose change11 points ▸
- General meeting, 06-12-2023
- Purpose change
- Amendment of the articles
- Capital, €75,000
- Registered office clause, “3850 Nieuwerkerken,Tegelrijstraat 181” (deed in Dutch)
- Director reappointment, BV MATTI (director)
- Director reappointment, Medardo MASEROLI (director)
- Permanent representative, Ivan Maseroli
- Power of attorney
- Power of attorney, Cedric HONOREZ
- Director appointment, BV MATTI (managing director)
2023
29-09
abbreviated format · 60 days late
2022
10-11
abbreviated format · 102 days late
24-03
Gazette deed
Resignation: Maseroli Ivan (bestuurder en gedelegeerd bestuurder)Appointment: Matti BVBA (director) · Permanent representative: Maseroli Ivan · Director discharge7 points ▸
Gazette deed
Resignation: Maseroli Ivan (bestuurder en gedelegeerd bestuurder)
Appointment: Matti BVBA (director) · Permanent representative: Maseroli Ivan · Director discharge7 points ▸
- General meeting, 03-01-2022
- Director resignation, Maseroli Ivan (bestuurder en gedelegeerd bestuurder)
- Director discharge, Maseroli Ivan
- Director appointment, Matti BVBA (director)
- Permanent representative, Maseroli Ivan
- Board meeting, “raad van bestuur van Euro-Construct NV” (deed in Dutch)
- Director appointment, Matti BVBA (gedelegeerd bestuurder)
2021
31-12
Financial
Highest result from 2018 to 2025net €920,544 ▲68.3%
The operating result of €1.0m and the net result of €920,544 are both a record.
15-11
abbreviated format · 107 days late
2020
29-10
abbreviated format · 90 days late
Show earlier events
2019
31-12
Financial
Liquidity more than doubledcurrent ratio 49.96
The current ratio rises from 21.97 to 49.96. Short-term debt falls from €192,790 to €93,442.
24-09
abbreviated format · 55 days late
2018
25-09
abbreviated format · 56 days late
2017
31-08
abbreviated format · 31 days late
1990
19-04
Gazette deed
Incorporation
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
EURO - CONSTRUCT in Dutch
Enterprise number
0440.186.592
LEI code
967600PBXQSFIX1DYZ03
live in the LEI register
Legal form
Public limited company
Status
Active, normale toestand
Founded
20-03-1990
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 05-01-2024 (in Dutch)Name clauseThe company operates under this name according to its articles.
EURO-CONSTRUCT
deed of 05-01-2024 (in Dutch)Registered office and establishments
Registered office
Tegelrijstraat 181, 3850 Nieuwerkerken (Limb.), Belgium
Establishment unit
EURO-CONSTRUCT, Tegelrijstraat 181, 3850 Nieuwerkerken (Limb.) since 05-04-1990 · unit number 2.047.749.2814333101 Floor and wall tiling
Activities
NACEBEL 2025VAT activities
46831
Wholesale of construction materials, general range main activity
Social security (RSZ) activities
47521
Retail sale of hardware, building materials, paint and glass (general range) main activity
Codes under NACEBEL 2008
VAT activities
46731
Wholesale trade main activity
Social security (RSZ) activities
47521
Retail trade main activity
Codes under NACEBEL 2003
VAT activities
51532
main activity
Social security (RSZ) activities
52461
main activity
Joint committees
124 Paritair Comité voor het bouwbedrijf
200 Aanvullend Paritair Comité voor de bedienden annual accounts 2025
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 05-01-2024 (in Dutch)
“Houwen, bewerken en afwerken van natuursteen voor gebruik in de bouw, op wegen, als dakbedekking enz; Bewerking van door steengroeven…”
20 activities
- Houwen, bewerken en afwerken van natuursteen voor gebruik in de bouw, op wegen, als dakbedekking enz.
- Bewerking van door steengroeven geleverde ruwe steen
- Vervaardiging van vloer-en wandtegels, blokjes voor mozaïeken, enz
- Vervaardiging van keramische produkten, n.e.g
- De vennootschap mag leningen toestaan aan of ontvangen van aandeelhouders en/of bestuurders, alsmede zich borg stellen voor deze personen.
- De groot- en kleinhandel, de im- en export van elektrische en niet elektrische toestellen, ijzerwerk, blikwaren, huishoudartikelen, sierglaswerk en ceramiek, dinanderie, textielwaren, kleding, onderhoudsprodukten, en kleine meubelen;
- Kleinhandel in gas in flessen;
- Het leggen van tegelvloeren en mozaïek, marmer;
- Het plaatsen van wand- en vloerbekledingen;
- Het uitvoeren van berapingswerken, het plaatsen van chapes, gips- en staffwerken;
- Het uitvoeren van plafonneer-, cementeer- en alle andere pleisterwerken;
- Het aanbrengen van alle soorten isolatie tegen warmte, koude, geluid, enzovoort;
- Het leggen van parketvloeren;
- Het plaatsen van scheidingswanden en plafondbekledingen;
- Alle activiteiten welke behoren tot of in verband staan met de afwerking van nieuwbouw of de restauratie van bestaande gebouwen;
- Het uitvoeren van schilderwerken;
- De groot- en kleinhandel in bouwmaterialen en voornamelijk tegels en produkten voor de vloer- en wandbekleding;
- Groot- en kleinhandel, import en export en de plaatsing van ramen, deuren, centrale verwarming, sanitaire installaties, keukens en keukentoestellen;
- Onderneming voor bouwwerken zo nieuwbouw als verbouwingen en restauratiewerken;
- Tussenpersoon in de handel.
Invoicing and payment
VAT number
BE 0440.186.592
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Tuesday of June
deed of 05-01-2024 (in Dutch)Sites & property
Location
Buildings and parcels at the address
Ground area
5,463 m²
Building footprint
2,616 m²
Building volume
11,960 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 71045A0107/00B003 | Flanders | 5,463 m² | 1 · 2,616 m² | 6.0 m · 2 |