M. Matthessen
ActiveM. Matthessen has been active since 1981 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €98k and a net result of €24k. Equity is growing by ~9.6% per year across the filed fiscal years. Its solvency ranks better than 79% of 3539 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
85
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability90▲+24
Solvency94▲+13
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 3.47 against 2.42 in 2023; short-term debt: 26.5% and cash: 14.4% of total assets), and 30.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Sector 95
lower
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
61 d late
2022
21 d late
2021
16 d late
2020
20 d late
2019
48 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€98k▲ 31.9%
2023 · €74k
2018: €50k
2019: €51k
2020: €54k
2021: €65k
2022: €68k
2023: €74k
2018 → 2024
Total assets
€142k▲ 6.6%
2023 · €133k
2018: €104k
2019: €99k
2020: €104k
2021: €112k
2022: €136k
2023: €133k
2018 → 2024
Net result
€24k▲ 263%
2023 · €7k
2018: €2k
2019: €2k
2020: €2k
2021: €11k
2022: €3k
2023: €7k
2018 → 2024
Working capital
€93k▲ 32.7%
2023 · €70k
2018: €49k
2019: €49k
2020: €52k
2021: €63k
2022: €63k
2023: €70k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€54k-€65k▲ 21.1%€68k▲ 4.3%€74k▲ 9.6%€98k▲ 31.9%
Operating result€4k-€13k▲ 208%€4k▼ 67.3%€9k▲ 111%€25k▲ 173%
Net result€2k-€11k▲ 414%€3k▼ 75.1%€7k▲ 131%€24k▲ 263%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 173% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €142k
Fixed assets
€11k▼ 17.7%
Current assets
€131k▲ 9.3%
Equity and liabilities €142k
Equity
€98k▲ 31.9%
Debt
€44k▼ 25.5%
The debt ratio falls from 44.2% to 30.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€28k▲
2023 · €12k
Cash flow
€27k▲
2023 · €10k
Solvency
69.1%▲
2023 · 55.8%
Current ratio
3.47▲
2023 · 2.42
Quick ratio
0.78▲
2023 · 0.23
Debt / equity
0.45▼
2023 · 0.79
ROE
24.2%▲
2023 · 8.8%
ROA
16.7%▲
2023 · 4.9%
Interest coverage
32.56▲
2023 · 4.93
Debt
€44k▼
2023 · €59k
Debt ≤ 1 year
€38k▼
2023 · €49k
Debt > 1 year
€6k▼
2023 · €9k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€133k€142k▲
Fixed assets21/28€13k€11k▼
Tangible fixed assets22/27€11k€9k▼
Plant, machinery and equipment23-€745
Leasing and similar rights25€11k€8k▼
Financial fixed assets28€2k€2k=
Current assets29/58€120k€131k▲
Stocks and contracts in progress3€108k€101k▼
Stocks30/36€93k€87k▼
Contracts in progress37€15k€14k▼
Amounts receivable within one year40/41€8k€7k▼
Trade receivables40€8k€6k▼
Other amounts receivable41€319€767▲
Cash at bank and in hand54/58€2k€20k▲
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€133k€142k▲
Equity10/15€74k€98k▲
Contributions10/11€74k€74k=
Reserves13€7k€7k=
Non-distributable reserves130/1€7k€7k=
Reserves not available under the articles1311€7k€7k=
Profit (loss) carried forward14€-8k€16k▲
Amounts payable17/49€59k€44k▼
Amounts payable after more than one year17€9k€6k▼
Financial debts170/4€9k€6k▼
Amounts payable within one year42/48€49k€38k▼
Current portion of amounts payable after more than one year42€3k€3k▲
Trade debts44€23k€19k▼
Suppliers440/4€23k€19k▼
Taxes, remuneration and social security45€36€36=
Taxes450/3€36€36=
Other amounts payable47/48€23k€15k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▲
Other operating charges640/8€1k€743▼
Gross operating margin9900€13k€28k▲
Operating profit (loss)9901€9k€25k▲
Financial charges65/66B€2k€850▼
Recurring financial charges65€2k€850▼
Profit (loss) for the period before taxes9903€7k€24k▲
Profit (loss) for the period9904€7k€24k▲
Profit (loss) for the period to be appropriated9905€7k€24k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-8k€16k▲
Profit (loss) brought forward from the previous period14P€-14k€-8k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Highest result since 2018net €24k ▲263%
Operating result €25k, net result €24k, both a record.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
2022
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 16 days late
2021
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
2020
17-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 48 days late
2019
31-12
Financial
Weakest financial yearnet €2k ▼6%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 22 days late
2016
28-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 59 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Kapellen · 2 establishment units since 1981
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Hoogboomsteenweg 392950 KapellenGround area
674 m²
Building footprint
322 m²
Volume, LiDAR
1,884 m³
2 parcels, Flanders · tallest building 10.7 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Hoogboomsteenweg 39, 2950 Kapellen
since 19812.019.323.828
Smoutakker -, 2940 Stabroek
since 19812.019.323.927
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11044C0288/02B003indicative | Flanders | 530 m² | 1 · 178 m² | 8.8 m · 1 fl. |
| 11362M0154/00D003 | Flanders | 144 m² | 1 · 144 m² | 10.7 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
1 of 2 parcels 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
GETRALUX
BE 0415.738.040
Vorst · Eq €94k
H&S SMARTBOARDSERVICE
BE 1010.867.781
Kinrooi · Eq €105k
VOLTAK SERVICES
BE 0480.204.042
Deinze · Eq €107k
STYL'ELEC
BE 0676.869.067
Tournai · Eq €89k
SERVICE CENTER GENT
BE 0554.817.234
Wetteren · Eq €88k
Of 407 companies in sector 95210 we hold annual accounts for 116. 90 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded31-07-1981
Fiscal year end31-12
Activities, NACEBEL
52720
95210Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
43221Plumbing work
45332
Sources
Crossroads Bank for EnterprisesNational Bank · 43 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesPhone:036646532
Fax:036051525