MAT PACK
ActiveSummary
MAT PACK has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €6.60M and a net result of €245k. Equity is growing by ~15.5% per year across the filed fiscal years. Its solvency ranks better than 90% of 37956 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
76
/ 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
Profitability56▼-35
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500k at 30 days acceptable
Liquidity ample (current ratio 12.31 against 10.2 in 2023; short-term debt: 8.1% and cash: 3.9% of total assets), and 8.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
91.9%
Return on assets
3.4%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-05-2025, 76 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
76 d early
2023
75 d early
2022
17 d early
2021
7 d early
2020
4 d early
2019
86 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€6.60M▲ 3.9%
2023 · €6.35M
2018: €769k
2019: €799k
2020: €923k
2021: €992k
2022: €1.06M
2023: €6.35M
2018 → 2024
Total assets
€7.18M▲ 2.0%
2023 · €7.04M
2018: €863k
2019: €894k
2020: €1.02M
2021: €1.07M
2022: €1.48M
2023: €7.04M
2018 → 2024
Net result
€245k▼ 95.4%
2023 · €5.29M
2018: €48k
2019: €62k
2020: €282k
2021: €505k
2022: €342k
2023: €5.29M
2018 → 2024
Working capital
€6.59M▲ 3.9%
2023 · €6.35M
2018: €68k
2019: €98k
2020: €223k
2021: €290k
2022: €354k
2023: €6.35M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€923k-€992k▲ 7.5%€1.06M▲ 6.9%€6.35M▲ 499%€6.60M▲ 3.9%
Operating result€93k-€333k▲ 259%€242k▼ 27.4%€39k▼ 83.9%€46k▲ 18.7%
Net result€282k-€505k▲ 78.9%€342k▼ 32.3%€5.29M▲ 1,448%€245k▼ 95.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 19% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €7.18M
Fixed assets
€2k ▼ 42.4%
Current assets
€7.18M ▲ 2.0%
Equity and liabilities €7.18M
Equity
€6.60M ▲ 3.9%
Debt
€583k ▼ 15.5%
Debt's share of the balance-sheet total falls from 9.8% to 8.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€47k▲
2023 · €40k
Cash flow
€246k▼
2023 · €5.29M
Current ratio
12.31▲
2023 · 10.20
Debt to equity
0.09▼
2023 · 0.11
ROE
3.7%▼
2023 · 83.3%
ROA
3.4%▼
2023 · 75.1%
Interest coverage
4.00▼
2023 · 4.93
Debt ≤ 1 year
€583k▼
2023 · €690k
Income taxes
€87k▼
2023 · €697k
Staff costs
€62k▲
2023 · €32k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 54 lines
Balance sheet
Code20232024
Assets
Total assets20/58€7.04M€7.18M▲
Fixed assets21/28€3k€2k▼
Tangible fixed assets22/27€3k€2k▼
Plant, machinery and equipment23€1k€706▼
Furniture and vehicles24€1k€804▼
Financial fixed assets28€0-
Current assets29/58€7.04M€7.18M▲
Amounts receivable after more than one year29-€2.06M
Other amounts receivable291-€2.06M
Amounts receivable within one year40/41€4.87M€2.98M▼
Trade receivables40€15k€17k▲
Other amounts receivable41€4.86M€2.97M▼
Current investments50/53€1.65M€1.66M▲
Cash at bank and in hand54/58€317k€278k▼
Deferred charges and accrued income490/1€201k€203k▲
Equity and liabilities
Total equity and liabilities10/49€7.04M€7.18M▲
Equity10/15€6.35M€6.60M▲
Contributions10/11€19k€19k=
Reserves13€6.33M€6.58M▲
Non-distributable reserves130/1€2k€0▼
Other1319€2k€0▼
Distributable reserves133€6.33M€6.58M▲
Profit (loss) carried forward14€0-
Amounts payable17/49€690k€583k▼
Amounts payable within one year42/48€690k€583k▼
Current portion of amounts payable after more than one year42€27k€0▼
Trade debts44€14k€4k▼
Suppliers440/4€14k€4k▼
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€649k€579k▼
Taxes450/3€649k€579k▼
Remuneration and social security454/9-€240
Other amounts payable47/48€0-
Income statement
Code20232024
Remuneration, social security and pensions62€32k€62k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k=
Other operating charges640/8€1k€1k▼
Gross operating margin9900€74k€111k▲
Operating profit (loss)9901€39k€46k▲
Financial income75/76B€5.96M€298k▼
Recurring financial income75€5.96M€298k▼
Financial charges65/66B€8k€12k▲
Recurring financial charges65€8k€12k▲
Profit (loss) for the period before taxes9903€5.99M€332k▼
Income taxes67/77€697k€87k▼
Profit (loss) for the period9904€5.29M€245k▼
Profit (loss) for the period to be appropriated9905€5.29M€245k▼
Appropriation of the result
Profit (loss) to be appropriated9906€5.29M€245k▼
Profit (loss) brought forward from the previous period14P€0-
Transfer from equity791/2€0-
Transfer to equity691/2€5.29M€245k▼
To the legal reserve6920€0-
To other reserves6921€5.29M€245k▼
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
26-08
State Gazette act
General meeting · Director resignation
Director discharge · Director reappointment
2025
16-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
17-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €5.29M ▲1,448%
Net result €5.29M, the highest in the series.
31-12
Financial
Liquidity times 6current ratio 10.20
Current ratio from 1.85 to 10.20.
31-12
Financial
Equity above €5MEq €6.35M ▲499%
6 profitable years in a row build equity to €6.35M.
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €1MEq €1.06M ▲6.9%
5 profitable years in a row build equity to €1.06M.
24-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
25-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 86 days late
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 14 days late
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 days late
Financial milestoneState Gazette actNBB 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.
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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, Aalst · 1 establishment unit since 2004
Ground area
568 m²
Building footprint
203 m²
Volume, LiDAR
853 m³
Parcel 41303D0316/00V002, Flanders · tallest building 11.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Mat Pack
since 20042.136.999.575
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41303D0316/00V002 | Flanders | 567 m² | 1 · 203 m² | 11.2 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
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MIDFINPAR
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Bay Line
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Junior
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 9,245 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-04-2004
Fiscal year end31-12
Activities, NACEBEL 2025
16240Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
64210Activities of holding companies
70200Business and other management consultancy
22220Manufacture of rubber and plastic products
46499Wholesale of other household goods
46900Non-specialised wholesale trade
47552Retail sale of lighting equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.