MAT Construction

Active

Private limited companyfounded 20233 yrs activeOudesmidsestraat 20, 1700 Dilbeek, BelgiumKBO/BCE: BE 0797.506.383

Summary

The computed 12-month bankruptcy probability of MAT Construction is 5.1% (elevated). The 2023 annual accounts show equity of €7,922 and a net result of -€2,028. Its solvency ranks better than 80% of 33676 sector peers (fiscal year 2023). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

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MAT ConstructionActive

Risk analysis Report Compare

Checked score

No current score

Figures too old

The available figures for FY 2023 are too old to assess current financial health.

Bankruptcy probability: Elevated

Axes, FY 2023

Profitability5

Solvency98

Growth-

Track record79

Bankruptcy probability, 12 months

5.1% Elevated

0%0.5%1.5%4%10%≥ 25%

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Signals

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

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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 2023

Solvency, return and age of the figures

Solvency

72.8%

Return on assets

-18.6%

Age of the figures

33 mo

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 →

Filed after the deadline

The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 30-09-2024, 61 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 · 1 filing

Deviation from the deadline

2023

61 d late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its 2023 accounts 61 days after the deadline; the sector median for financial year 2023 is 1 day before the deadline, and 44% of the sector filed late.

Checked, nothing found (1)

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

History

On 23 January 2023, MAT Construction was incorporated as a Private limited company.¹ The company has filed annual accounts once, for fiscal year 2023.²

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 How does this company compare with its sector?Sector benchmark

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 2023, micro schema

Turnover

€36,887

EBIT margin

-3.9%

Net result

-€2,028

Working capital

€5,101

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition

Assets €10,879

25.9%

74.1%

Fixed assets €2,821

Current assets €8,058

Equity and liabilities €10,879

72.8%

27.2%

Equity €7,922

Debt €2,957

Debt finances 27.2% of the balance-sheet total.

Key figures and ratios

2023 value

EBITDA

-€405

Cash flow

-€981

Current ratio

2.73

Debt to equity

0.37

ROE

-25.6%

ROA

-18.6%

Interest coverage

-5.57

Debt ≤ 1 year

€2,957

Income taxes

€503

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2023 · 35 lines

Balance sheet Code2023

Assets

Total assets20/58€10,879

Fixed assets21/28€2,821

Tangible fixed assets22/27€2,723

Plant, machinery and equipment23€1,762

Furniture and vehicles24€961

Financial fixed assets28€98

Current assets29/58€8,058

Amounts receivable within one year40/41€8,041

Trade receivables40€7,537

Other amounts receivable41€504

Cash at bank and in hand54/58€17

Equity and liabilities

Total equity and liabilities10/49€10,879

Equity10/15€7,922

Contributions10/11€9,950

Profit (loss) carried forward14-€2,028

Amounts payable17/49€2,957

Amounts payable within one year42/48€2,957

Trade debts44€240

Suppliers440/4€240

Taxes, remuneration and social security45€503

Taxes450/3€503

Other amounts payable47/48€2,214

Income statement Code2023

Turnover70€36,887

Goods, raw materials, services and sundry goods60/61€38,783

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,047

Other operating charges640/8€50

Gross operating margin9900-€355

Operating profit (loss)9901-€1,452

Financial charges65/66B€73

Recurring financial charges65€73

Profit (loss) for the period before taxes9903-€1,525

Income taxes67/77€503

Profit (loss) for the period9904-€2,028

Profit (loss) for the period to be appropriated9905-€2,028

Appropriation of the result

Profit (loss) to be appropriated9906-€2,028

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line	2023
Turnover70	€36,887
Goods, raw materials, services and sundry goods60/61	€38,783
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€1,047
Other operating charges640/8	€50
Gross operating margin9900	-€355
Operating profit (loss)9901	-€1,452
Financial charges65/66B	€73
Recurring financial charges65	€73
Profit (loss) for the period before taxes9903	-€1,525
Income taxes67/77	€503
Profit (loss) for the period9904	-€2,028
Profit (loss) for the period to be appropriated9905	-€2,028

Line	2023
Assets
Total assets20/58	€10,879
Fixed assets21/28	€2,821
Tangible fixed assets22/27	€2,723
Plant, machinery and equipment23	€1,762
Furniture and vehicles24	€961
Financial fixed assets28	€98
Current assets29/58	€8,058
Amounts receivable within one year40/41	€8,041
Trade receivables40	€7,537
Other amounts receivable41	€504
Cash at bank and in hand54/58	€17
Equity and liabilities
Total equity and liabilities10/49	€10,879
Equity10/15	€7,922
Contributions10/11	€9,950
Profit (loss) carried forward14	-€2,028
Amounts payable17/49	€2,957
Amounts payable within one year42/48	€2,957
Trade debts44	€240
Suppliers440/4	€240
Taxes, remuneration and social security45	€503
Taxes450/3	€503
Other amounts payable47/48	€2,214

Line	2023
Profit (loss) for the period9904	-€2,028
+ Depreciation and write-downs630	€1,047
Operating cash flow (approximation)	-€981

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

All 1Filings 1

2024

30-09

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 61 days late

NBB filing

0 of 5 acts read

About the unread acts

We know of 5 Belgian State Gazette acts for this company. None of them has 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

5 acts for this company are 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, Dilbeek · 1 establishment unit since 2023

seat establishment The establishment unit on the map

Ground area

300 m²

Building footprint

299 m²

Volume, LiDAR

2,755 m³

Parcel 23016D0063/00W002, Flanders · tallest building 12.6 m, ±3 floors. Linked by address, not a title deed.

485 companies at this address See who is registered here

1 establishment unit

MAT Construction

General electrical installation work

since 20232.343.690.640

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
23016D0063/00W002	Flanders	300 m²	1 · 299 m²	12.6 m · 3 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.

Similar companies · same sector, comparable size

Of 15,524 companies in sector 43990 we hold annual accounts for 7,427. 3,603 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

Founded23-01-2023

Fiscal year end31-12

Activities, NACEBEL 2025

43990Other specialised construction activities

43350Other building finishing work

81210General cleaning of buildings

81220Other building cleaning and industrial cleaning

E-invoicing

Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

If you follow this company, Checked tells you the day it appears in the Peppol register.

Scores and ratios are computed by Checked and are not a credit decision.