G.Mat
ActiveSummary
The computed 12-month bankruptcy probability of G.Mat is 1.9% (moderate). The 2025 annual accounts show equity of €387,027 and a net result of €43,797. Equity is growing by ~26.5% per year across the filed fiscal years. Its solvency ranks better than 80% of 7930 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability79▼-11
Solvency96▼-1
Growth52=
Track record94
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 3.29 against 3.46 in 2024; short-term debt: 27.7% and cash: 59.8% of total assets), and 28.7% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
71.3%
Return on assets
8.1%
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 22-07-2026, 9 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
9 d early
2024
6 d early
2023
18 d early
2022
16 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 12 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 19 July (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Equity
€387,027▲ 12.8%
2024 · €343,230
Total assets
€543,101▲ 14.0%
2024 · €476,485
Net result
€43,797▼ 45.9%
2024 · €80,902
Working capital
€344,040▲ 20.6%
2024 · €285,345
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€202,970-€156,153▼ 23.1%€111,099▼ 28.9%€57,429▼ 48.3%
Net result€142,894above the sector's middle half-€114,434within the sector's middle half▼ 19.9%€80,902within the sector's middle half▼ 29.3%€43,797within the sector's middle half▼ 45.9%
Equity€147,894above the sector's middle half-€262,328within the sector's middle half▲ 77.4%€343,230within the sector's middle half▲ 30.8%€387,027within the sector's middle half▲ 12.8%
Total assets€451,075above the sector's middle half-€518,831within the sector's middle half▲ 15.0%€476,485within the sector's middle half▼ 8.2%€543,101within the sector's middle half▲ 14.0%
Debt€303,182-€256,503▼ 15.4%€133,254▼ 48.0%€156,074▲ 17.1%
Working capital€126,162above the sector's middle half-€194,860within the sector's middle half▲ 54.5%€285,345within the sector's middle half▲ 46.4%€344,040within the sector's middle half▲ 20.6%
Solvency32.8%within the sector's middle half-50.6%within the sector's middle half▲ 17.8pp72.0%above the sector's middle half▲ 21.5pp71.3%above the sector's middle half▼ 0.8pp
Current ratio1.48within the sector's middle half-1.85within the sector's middle half▲ 0.383.46above the sector's middle half▲ 1.603.29above the sector's middle half▼ 0.17
Return on assets (ROA)31.7%above the sector's middle half-22.1%above the sector's middle half▼ 9.6pp17.0%above the sector's middle half▼ 5.1pp8.1%within the sector's middle half▼ 8.9pp
Staff (FTE)2-1.3below the sector's middle half▼ 35.0%1.5below the sector's middle half▲ 15.4%1.8below the sector's middle half▲ 20.0%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 48% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €543,101
Fixed assets
€48,758 ▼ 35.0%
Current assets
€494,342 ▲ 23.1%
Equity and liabilities €543,101
Equity
€387,027 ▲ 12.8%
Debt
€156,074 ▲ 17.1%
Debt's share of the balance-sheet total rises from 28.0% to 28.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€86,154▼
2024 · €142,374
Cash flow
€72,521▼
2024 · €112,178
Quick ratio
2.58▼
2024 · 2.63
Debt to equity
0.40▲
2024 · 0.39
ROE
11.3%▼
2024 · 23.6%
Interest coverage
32.58▼
2024 · 59.11
Debt ≤ 1 year
€150,302▲
2024 · €116,140
Debt > 1 year
€5,771▼
2024 · €17,114
Income taxes
€17,046▼
2024 · €32,240
Staff costs
€35,090▲
2024 · €27,477
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 39,276 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.7% |
| 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 75% 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 39,276 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
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €36,402 | €66,412 | €27,477 | €35,090 | ▲ 27.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,960 | €27,735 | €31,276 | €28,724 | ▼ 8.2% |
| Other operating charges640/8 | €1,694 | €772 | €627 | €746 | ▲ 19.0% |
| Gross operating margin9900 | €261,026 | €251,071 | €170,478 | €121,990 | ▼ 28.4% |
| Operating profit (loss)9901 | €202,970 | €156,153 | €111,099 | €57,429 | ▼ 48.3% |
| Financial income75/76B | €8,282 | €9,324 | €4,452 | €6,058 | ▲ 36.1% |
| Recurring financial income75 | €8,282 | €9,324 | €4,452 | €6,058 | ▲ 36.1% |
| Financial charges65/66B | €9,461 | €3,222 | €2,408 | €2,644 | ▲ 9.8% |
| Recurring financial charges65 | €9,461 | €3,222 | €2,408 | €2,644 | ▲ 9.8% |
| Profit (loss) for the period before taxes9903 | €201,791 | €162,255 | €113,142 | €60,843 | ▼ 46.2% |
| Income taxes67/77 | €58,898 | €47,820 | €32,240 | €17,046 | ▼ 47.1% |
| Profit (loss) for the period9904 | €142,894 | €114,434 | €80,902 | €43,797 | ▼ 45.9% |
| Profit (loss) for the period to be appropriated9905 | €142,894 | €114,434 | €80,902 | €43,797 | ▼ 45.9% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €451,075 | €518,831 | €476,485 | €543,101 | ▲ 14.0% |
| Fixed assets21/28 | €60,757 | €95,665 | €74,999 | €48,758 | ▼ 35.0% |
| Tangible fixed assets22/27 | €60,757 | €95,665 | €74,999 | €48,758 | ▼ 35.0% |
| Land and buildings22 | €47,135 | €73,743 | €65,361 | €44,319 | ▼ 32.2% |
| Plant, machinery and equipment23 | €862 | €10,761 | €5,920 | €1,491 | ▼ 74.8% |
| Furniture and vehicles24 | €12,760 | €11,161 | €3,718 | €2,948 | ▼ 20.7% |
| Current assets29/58 | €390,319 | €423,166 | €401,485 | €494,342 | ▲ 23.1% |
| Stocks and contracts in progress3 | €153,750 | €201,323 | €96,071 | €106,323 | ▲ 10.7% |
| Stocks30/36 | €153,750 | €201,323 | €96,071 | €106,323 | ▲ 10.7% |
| Amounts receivable within one year40/41 | €99,501 | €78,781 | €37,239 | €61,121 | ▲ 64.1% |
| Trade receivables40 | €78,341 | €56,543 | €34,884 | €47,377 | ▲ 35.8% |
| Other amounts receivable41 | €21,160 | €22,239 | €2,355 | €13,744 | ▲ 484% |
| Cash at bank and in hand54/58 | €103,592 | €135,737 | €262,934 | €324,787 | ▲ 23.5% |
| Deferred charges and accrued income490/1 | €33,476 | €7,325 | €5,242 | €2,111 | ▼ 59.7% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €451,075 | €518,831 | €476,485 | €543,101 | ▲ 14.0% |
| Equity10/15 | €147,894 | €262,328 | €343,230 | €387,027 | ▲ 12.8% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €142,894 | €257,328 | €338,230 | €382,027 | ▲ 12.9% |
| Distributable reserves133 | €142,894 | €257,328 | €338,230 | €382,027 | ▲ 12.9% |
| Amounts payable17/49 | €303,182 | €256,503 | €133,254 | €156,074 | ▲ 17.1% |
| Amounts payable after more than one year17 | €39,025 | €28,197 | €17,114 | €5,771 | ▼ 66.3% |
| Financial debts170/4 | €39,025 | €28,197 | €17,114 | €5,771 | ▼ 66.3% |
| Amounts payable within one year42/48 | €264,157 | €228,306 | €116,140 | €150,302 | ▲ 29.4% |
| Current portion of amounts payable after more than one year42 | €17,501 | €10,828 | €11,082 | €11,343 | ▲ 2.4% |
| Trade debts44 | €16,721 | €26,005 | €18,476 | €21,433 | ▲ 16.0% |
| Suppliers440/4 | €16,721 | €26,005 | €18,476 | €21,433 | ▲ 16.0% |
| Advances received on contracts in progress46 | €195,480 | €134,403 | €64,973 | €111,564 | ▲ 71.7% |
| Taxes, remuneration and social security45 | €34,455 | €57,071 | €21,321 | €4,617 | ▼ 78.3% |
| Taxes450/3 | €33,898 | €52,633 | €20,245 | €2,643 | ▼ 86.9% |
| Remuneration and social security454/9 | €557 | €4,439 | €1,076 | €1,974 | ▲ 83.5% |
| Other amounts payable47/48 | - | - | €288 | €1,346 | ▲ 367% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €142,894 | €114,434 | €80,902 | €43,797 | ▼ 45.9% |
| + Depreciation and write-downs630 | €19,960 | €27,735 | €31,276 | €28,724 | ▼ 8.2% |
| Operating cash flow (approximation) | €162,854 | €142,169 | €112,178 | €72,521 | ▼ 35.4% |
| Investment in fixed assets (approximation) | - | -€62,643 | -€10,609 | -€2,483 | ▲ 76.6% |
| Change in cash | - | €32,145 | €127,197 | €61,853 | ▼ 51.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €43,797 ▼45.9%
Net result drops to €43,797, the lowest in the series.
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
13-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €200,000Eq €262,328 ▲77.4%
2 profitable years in a row build equity to €262,328.
15-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Oosterzele · 1 establishment unit since 2021
Ground area
1,998 m²
Building footprint
231 m²
Volume, LiDAR
1,109 m³
Parcel 44052C0971/00Y000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Radialis
since 20212.324.593.419
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44052C0971/00Y000 | Flanders | 1,998 m² | 1 · 231 m² | 8.1 m · 2 fl. |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 436 EUR awarded · 421 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 87 EUR | 72 EUR |
| 2024 | 1 | 281 EUR | 281 EUR |
| 2022 | 1 | 68 EUR | 68 EUR |
Similar companies · same sector, comparable size
DEPETTER TECHNICS
BE 0633.650.817
Ninove · Eq €387,437
VAN DAMME WILLY & ZOON
BE 0464.936.539
Merelbeke-Melle · Eq €386,465
DEFRAJO
BE 0871.257.661
Pittem · Eq €387,905
YRO TECHNIQUE
BE 0826.728.525
La Louvière · Eq €386,120
CHAUFFAGE TRAMONTE & FILS
BE 0832.601.874
Amay · Eq €387,982
Of 9,536 companies in sector 43222 we hold annual accounts for 5,669. 4,333 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
Founded01-12-2021
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
27520Manufacture of electrical equipment
33110Repair and maintenance of fabricated metal products
43221Plumbing work
43223Specialised construction activities
81220Other building cleaning and industrial cleaning
E-invoicing
Reachable via Peppol
Peppol ID
0208:0777924459
Also
9925:BE0777924459
Registered
07-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.