Turnover
≈ €440,000 estimated
The micro format states no turnover.
MA-TECH
Overview
Lifetime
1 annual account with figurespeak €85,067 (2025)
€85,067
peak €20,476 (2025)
€20,476
peak €22,476 (2025)
€22,476
€51,777
Board1 name since 2024
1 directorKAZIKOGLU Bekir
Documentsfilings and deeds
19-08-202619 days late
2025micro format
First year with figures
Key points
from the 2025 annual accountsStarting capital
€2,000 100 shares
2025 accounts filed 19 days after the deadline
Checked score
37
Weak
Financially stronger than 50% of micro companies in construction of buildings (NACE 41)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
5.9% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,460 companies (NACE 41, micro).
About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
04-2025: 3.6%lowest value
05-2025: 3.7%▲ +0.1 percentage points vs 04-2025
06-2025: 3.8%▲ +0.1 percentage points vs 05-2025
07-2025: 4.2%▲ +0.4 percentage points vs 06-2025
08-2025: 4.2%● unchanged vs 07-2025
09-2025: 4.6%▲ +0.4 percentage points vs 08-2025
10-2025: 5.0%▲ +0.4 percentage points vs 09-2025
11-2025: 5.0%● unchanged vs 10-2025
12-2025: 4.8%▼ -0.2 percentage points vs 11-2025
01-2026: 4.8%● unchanged vs 12-2025
02-2026: 5.1%▲ +0.3 percentage points vs 01-2026
03-2026: 5.3%▲ +0.2 percentage points vs 02-2026
04-2026: 5.3%● unchanged vs 03-2026
05-2026: 5.3%● unchanged vs 04-2026
06-2026: 5.3%● unchanged vs 05-2026
07-2026: 5.3%● unchanged vs 06-2026
08-2026: 5.3%● unchanged vs 07-2026
09-2026: 5.9%▲ +0.6 percentage points vs 08-2026highest value
10-2026: 5.9%● unchanged vs 09-2026
11-2026: 5.9%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Founded in 2024
Size: total assets €74,253
Sector: Construction of residential and non-residential buildings (NACE 41)
Liquidity: current ratio 1.02, cash €150
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 41, micro). It does better than 37% of them on solvency, 23% on liquidity and 91% on profitability.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 39,278 companies had the same profile as MA-TECH has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of MA-TECH itself is higher: 5.9% within 12 months. It rests on far more data about MA-TECH than the profile alone.
Test of the method
The method was tested on the 497,448 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 39,278 companies, not a prediction for MA-TECH. 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.
Credit verdict
Credit of up to €500 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity is tight, with a current ratio of 1.02, below the usual 1.5. Short-term debt is 46% and cash 0.2% of total assets. 69.7% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
raises risk
raises risk · 2025 accounts filed 19 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-08-2026, 19 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 · 1 filingDeviation from the deadline
2025
19 days late
← before the deadline
after the deadline →
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1007132192
Incorporation
Founding capital of €2,000, 100 shares · Founder: KAZIKOGLU Bekir · Appointment: KAZIKOGLU Bekir (director) · published on 18-03-2024 · Gazette deed
First establishment
Driekoningenstraat 25, Sint-Niklaas
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MA-TECH Sint-Niklaas | €74,253 | €85,067 | 30.3% | - |
| ISNE Bierbeek | €72,287 | €86,106 | 60.2% | - |
| VAN DURMEN THIERRY Tournai | €70,648 | €75,770 | 57.4% | - |
| VVK GROUP Asse | €80,730 | €77,531 | 71.3% | - |
| Active Company MD Nieuwerkerken (Limb.) | €74,929 | €88,532 | 64.5% | - |
| COUCHNER Drogenbos | €72,011 | €69,618 | 74.5% | - |
| GENERAL INTELLIGENCE SERVICES AND CONSULTING Waterloo | €79,151 | €86,030 | 69.5% | - |
These companies have the same main activity as MA-TECH: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €70,600 and €80,700, founded in 2024.
Official details
Source: KBO- Status
- Active since 14-03-2024Normal situation
- Activity
- General construction of residential buildingsNACE 41001and 5 others
- Establishment unit
- 2.356.967.1689100 Sint-Niklaas, since 14-03-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 01-03-2026
Insights on MA-TECH
The computed 12-month bankruptcy probability of MA-TECH is 5.9% (elevated). The 2025 annual accounts show equity of €22,476 and a net result of €20,476.
Its solvency ranks better than 37% of 9,471 sector peers (NACE 41, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 19-08-2026, 19 days late€85,067
€28,556
€20,476
€655
30.3%
1.02
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €440,000. Estimated: probably between €320,000 and €730,000.
Balance sheet
balance sheet total €74,253 on 31-12-2025What the company ownsHow it is paid for
Position in the sector
30.3%
Higher than 37% of 9,471 companies in 2025.
1.02
Higher than 23% of 9,219 companies in 2025.
27.6%
Higher than 83% of 9,291 companies in 2025.
MA-TECH
Middle half of the sector
80% of the sector
Micro accounts in construction of buildings (NACE 41)
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: bottom quarter
Staff
€36,734
Staff costs divided by the average number of full-time equivalents.
level
people who joined
people who left
In 2025, 5 people joined and 5 left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
74,253 | |
21/28 |
39,461 | |
22/27 |
39,461 | |
23 |
5,632 | |
24 |
33,829 | |
29/58 |
34,791 | |
40/41 |
33,040 | |
40 |
11,680 | |
41 |
21,360 | |
54/58 |
150 | |
490/1 |
1,601 | |
| Balance sheet: equity and liabilities | ||
10/49 |
74,253 | |
10/15 |
22,476 | |
10/11 |
2,000 | |
14 |
20,476 | |
17/49 |
51,777 | |
17 |
17,641 | |
170/4 |
17,641 | |
42/48 |
34,136 | |
42 |
17,680 | |
44 |
3,258 | |
440/4 |
3,258 | |
45 |
6,198 | |
450/3 |
6,198 | |
47/48 |
7,000 | |
| Income statement | ||
9900 |
85,067 | |
62 |
44,080 | |
630 |
11,964 | |
640/8 |
467 | |
9901 |
28,556 | |
65/66B |
1,882 | |
65 |
1,882 | |
9903 |
26,674 | |
67/77 |
6,198 | |
9904 |
20,476 | |
9905 |
20,476 | |
| Appropriation of the result | ||
9906 |
20,476 | |
| Social balance sheet | ||
9087 |
1.2 | |
Hours worked1013 |
1,312 | |
| Document | ||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 19-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 19 days after the deadline. Filed on 19 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00407098.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 19-08-2026 | 2026-00407098 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 |
|---|---|---|
| 40,520 | ||
| 32,440 | ||
| 51,425 | ||
| 655 | ||
| 30.3% | ||
| 1.02 | ||
| 2.30 | ||
| 91.1% | ||
| 27.6% | ||
| 21.53 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2025 |
|---|---|
| 1.2 | |
| Joined | 5 |
| Left | 5 |
Source: social balance sheet in the 2025 annual accounts
Investments
fixed assets acquired| Item | 2025 |
|---|---|
| Tangible fixed assets | €51,425 |
| €11,964 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Insights on MA-TECH
Debt's share of the balance-sheet total is 69.7%.
Board & ownership
Board
1 director, since incorporationDirector
appointed by deed of 18-03-2024
listed in the 2025 annual accounts, filed on 19-08-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 18-03-2024
Mandates through the years
1 name, the dashed line is todayKAZIKOGLU Bekir
Director
Director
Board
Mandates as a list
- KAZIKOGLU Bekir
- Director, appointed by deed of 18-03-2024, still in office
Control
Capital
- Contribution
- €2,000
- Shares
- 100
- Contribution per share
- €20
- Equity per share
- €225 in 2025
- Source
- deed of 18-03-2024
Articles of association
deed of 18-03-2024 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- 100 shares
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- “Titel V. Algemene vergadering Artikel 16. Organisatie en bijeenroeping Ieder jaar wordt een gewone algemene vergadering van aandeelhouders…”
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Shareholders
At incorporation
deed of 18-03-2024 ↗
- KAZIKOGLU Bekir 100 shares (100%) · €2,000 in cash
Network & group
No group
MA-TECH has no parent and no holdings in its annual accounts. KAZIKOGLU Bekir is the only director. MA-TECH shares no director with another company.
Timeline
Timeline
4 events since 2024Filings
Establishments
202420252026
2026
Annual accounts 2025 filed NBBmicro format · 19 days late
Registered in the Peppol Directory Reachable for e-invoices through 0208:1007132192
2024
IncorporationFounding capital of €2,000, 100 shares · Founder: KAZIKOGLU Bekir · Appointment: KAZIKOGLU Bekir (director) · published on 18-03-20246 points ▸
- Founder, KAZIKOGLU Bekir
- Founding capital, €2,000, 100 shares
- Registered office clause, Driekoningenstraat 25, 9100 Sint-Niklaas
- Board rule, 1
- Director appointment, KAZIKOGLU Bekir
- Power of attorney, Johan Dedoncker
- The deed holds 5 more points.
First establishment Driekoningenstraat 25, Sint-Niklaas
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Company details
Identity
- Enterprise number
- 1007.132.192
- VAT number
- BE 1007.132.192
- Peppol ID
- 0208:1007132192
- Other Peppol ID
- 9925:BE1007132192
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 14-03-2024
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- “Titel V. Algemene vergadering Artikel 16. Organisatie en bijeenroeping Ieder jaar wordt een gewone algemene vergadering van aandeelhouders…”deed of 18-03-2024 (in Dutch)
- Peppol
- Reachable since 01-03-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- MA-TECH in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 18-03-2024 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 18-03-2024 (in Dutch)
Activities
NACEBEL 2025VAT activities
41001
General construction of residential buildings main activity
43221
Plumbing work
43230
Insulation installation
Social security (RSZ) activities
43211
General electrical installation work main activity
Codes under NACEBEL 2008
41201
General construction of buildings main activity
43211
Specialised construction activities
43221
Plumbing
43222
Specialised construction activities
43291
Specialised construction activities
43299
Specialised construction activities
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Elektrotechniek,installeren en repareren van elektrische installaties(met inbegrip van domotica); Handel in onderdelen en accessoires van…”deed of 18-03-2024 (in Dutch)
24 activities
- Elektrotechniek,installeren en repareren van elektrische installaties(met inbegrip van domotica).
- Handel in onderdelen en accessoires van elektrisch/elektronisch materiaal.
- Installeren en repareren van zonnepanelen.
- De aansluiting van gebouwen en constructies aan nutsleidingen;
- Plaatsing digitale gas- en elektriciteitstellers.
- Algemene bouwonderneming en verbouwingswerken.
- Loodgieterij,lood- en zinkwerk.
- Bevloering,betegeling.
- Aanleg van terrassen.
- Plakwerken en voegwerken.
- Inrichting en meubilering.
- Dakwerken.
- Metaalconstructies.
- Algemene aanneming;
- Het plaatsen van ventilatie en verluchting,van verwarming met warme lucht,van luchtregeling en van industriële pijpleidingen.
- Alle gereglementeerde activiteiten waarvoor de oprichter geen vestigingsgetuigschrift bezit,zullen uitgevoerd worden door onderaannemers:plafonnering,sanitaire verwarming,inrichtingswerken en schilderwerken.
- De aan- en verkoop van alle elektronische toestellen,benodigdheden,ijzerwaren en alle artikelen in verband met elektronica.
- Onderneming voor aan- en verkoop,de groot- en kleinhandel,de import en export van alle materialen nodig voor de bovenvermelde activiteiten.
- Het ontwerpen,het maken en het monteren van leidingstelsels,inclusief de verdere bewerking en buizen tot leidingen en leidingstelsels onder druk.
- De vervaardiging en de montage van metalen constructiewerken en gebinten van gebouwen.
- Het aanbrengen van thermisch isolatiemateriaal in gebouwen–isolatiemateriaal tegen geluid en trillingen.
- De installatie in gebouwen van apparatuur en regelapparatuur en leidingen voor verwarming en ventilatie,koeling en klimaatregeling.
- Het beheer en de exploitatie van roerende en onroerende goederen.
- Huren en verhuren,bouwen en verbouwen,verpanden en hypothekeren,het ruilen,het beheren en het productief maken van alle onroerende en roerende goederen,kortom alle beheer van roerende en onroerende goederen en de beschikking ervan.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Driekoningenstraat 25 registered office 9100 Sint-Niklaas | 14-03-2024 | 2.356.967.168 |
Buildings and parcels at the address
- Ground area
- 146 m²
- Buildings
- 67 m²
- Volume, LiDAR
- 368 m³
- Tallest building
- 8.9 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 46447B0442/00L002 | 146 m² | 1 · 67 m² | 8.8 m · 2 |
Recognitions
Recognised contractor
4 categoriesMA-TECH BVapproval number #10454
- C1 Ordinary sewer worksclass 1, up to €162,000
- C2 Water supply and laying all kinds of pipesclass 1, up to €162,000
- C6 Laying power and telecom cables in trenchesclass 1, up to €162,000
- C7 Horizontal pipe jacking for cables and pipesclass 1, up to €162,000
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 1007.132.192