LE MATIGNON

Active

Public limited companyfounded 198640 yrs activeRue de l'Ile-Monsin 129, 4020 Liège, BelgiumKBO/BCE: BE 0428.787.312

LE MATIGNON has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-385k) and a net result of €-307k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 8920 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

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Checked score

Score 2025

55 / 100

Fair= vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability100=

Solvency67=

Growth52=

Stability100

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity ample (current ratio 2.95 against 7.54 in 2024), but equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Nine signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 68

Relative position

BE, all sectors

reference

Sector 68

lower

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

-2.8%

Return on assets

-2.2%

Age of the figures

8 mo

Negative equity

Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).

NBB · annual accounts 2025

Equity per financial year

2122232425

2021 to 2025 · latest year -€385k

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-07-2026, 23 days ahead of the deadline.

NBB · 9 filings

Deviation from the deadline

2025

23 d early

2024

17 d early

2023

13 d early

2022

25 d early

2021

33 d early

2020

18 d late

2019

71 d late

← before the deadline after the deadline →

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.

Companies Code · seven months

Position in the running window

06-09-2026 today31-12-2026 close31-07-2027 deadline

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

Financials · fiscal year 2025, abbreviated schema

Turnover

€0

Total assets

€13.79M▼ 3.7%

2024 · €14.32M

2021: €14.49M 2022: €15.66M 2023: €17.03M 2024: €14.32M

2021 → 2025

Net result

€-307k▼ 134%

2024 · €-132k

2021: €-126k 2022: €-177k 2023: €727k 2024: €-132k

2021 → 2025

Working capital

€759k▲ 10.6%

2024 · €686k

2021: €-6.50M 2022: €-6.05M 2023: €1.17M 2024: €686k

2021 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Turnover€0-

Equity€-495k-€-672k▼ 35.7%€54k€-78k€-385k▼ 396%

Operating result€-84k-€-114k▼ 35.2%€860k€-129k€-294k▼ 128%

Net result€-126k-€-177k▼ 40.6%€727k€-132k€-307k▼ 134%

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 stays negative: a loss of €294k in 2025 against €129k in 2024; the loss grows and 2025 is the lowest year so far.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €13.79M

91.7%

Fixed assets €12.64M▼ 6.6%

Current assets €1.15M▲ 45.3%

Key figures and ratios

2025 value · change against 2024

EBITDA

€290k▼

2024 · €455k

Cash flow

€276k▼

2024 · €452k

Solvency

-2.8%▼

2024 · -0.5%

Current ratio

2.95▼

2024 · 7.54

Quick ratio

2.00▼

2024 · 7.54

Debt / equity

-36.52▲

2024 · -183.96

ROE

79.8%▼

2024 · 169.7%

ROA

-2.2%▼

2024 · -0.9%

Interest coverage

11.22▼

2024 · 17.53

Debt

€14.05M▼

2024 · €14.27M

Debt ≤ 1 year

€390k▲

2024 · €105k

Debt > 1 year

€13.62M▼

2024 · €14.16M

Income taxes

€0=

2024 · €0

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Total assets 20/58€14.32M€13.79M▼

Fixed assets 21/28€13.53M€12.64M▼

Tangible fixed assets 22/27€13.51M€12.62M▼

Financial fixed assets 28€22k€22k=

Current assets 29/58€790k€1.15M▲

Stocks & contracts in progress 3-€369k

Amounts receivable within one year 40/41€28k€136k▲

Investments 50/53€90k€90k=

Cash & bank 54/58€673k€554k▼

Total equity & liabilities 10/49€14.32M€13.79M▼

Equity 10/15€-78k€-385k▼

Contributions / capital 10/11€62k€62k=

Reserves 13€399k€369k▼

Accumulated profits (losses) 14€-539k€-816k▼

Provisions & deferred taxes 16€131k€121k▼

Amounts payable 17/49€14.27M€14.05M▼

Amounts payable after one year 17€14.16M€13.62M▼

Amounts payable within one year 42/48€105k€390k▲

Trade debts payable within one year 44€105k€131k▲

Income statement Code20242025

Gross operating margin 9900€534k€548k▲

Operating result 9901€-129k€-294k▼

Financial income 75€13k€2k▼

Financial charges 65€26k€26k▼

Result before taxes 9903€-142k€-317k▼

Income taxes 67/77€0€0=

Net result for the period 9904€-132k€-307k▼

Result to be appropriated 9905€-101k€-277k▼

Timeline · acts, filings and financial milestones

All 16Financial 4Gazette 2Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

08-07

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

31-12

Financial Weakest financial yearnet €-307k

Net result drops to €-307k, the lowest in the series.

14-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Liquidity times 5current ratio 7.54

Current ratio from 1.55 to 7.54; short-term debt falls from €2.11M to €105k.

16-10

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

26-09

State Gazette act Statutes amendment

Stéphane DELANGE

18-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Back to profitnet €727k

Net result €727k after 2 loss-making years.

31-12

Financial Liquidity times 9current ratio 1.55

Current ratio from 0.18 to 1.55; short-term debt falls from €7.34M to €2.11M.

06-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

20-04

State Gazette act Director changes

2022

28-06

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

18-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 18 days late

2020

10-10

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 71 days late

2019

30-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 30 days late

2018

19-06

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

2 of 7 acts read

About the unread acts

Of the 7 Belgian State Gazette acts we know for this company, 2 have been read. The other 5 have 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

2 directors, last change in 2023

BLONDIAU Emmanuelle

Director · since 20-04-2023

Current

20-04-2023 BLONDIAU Emmanuelle: Appointed as Director

18-04-2023 LALOUX Gatien: Resigned as Director

Not every act has been read: a resignation may be missing here

5 of this company's 7 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.

Location & real-estate footprint

Registered office, Liège · 1 establishment unit since 1986

exact location from the address register On OpenStreetMap

1 establishment unit

LE MATIGNON

Rue de l'Ile-Monsin 129, 4020 LiègeActivities of head offices; management consultancy activities

since 19862.102.594.764