MAT SERAING
ActiveSummary
MAT SERAING has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €273k and a net result of €21k. Equity is growing by ~4.8% per year across the filed fiscal years. Its solvency ranks better than 83% of 438 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▲+7
Solvency100=
Growth52▲+17
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 4.29 against 4.45 in 2024; short-term debt: 18.3% and cash: 68.7% of total assets), and 18.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 77
Relative position
BE, all sectors
reference
Rental and leasing activities (NACE 77)
about 44% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
81.2%
Return on assets
6.2%
Age of the figures
9 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-06-2026, 56 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
56 d early
2024
18 d late
2023
30 d late
2022
14 d early
2021
10 d early
2020
44 d early
2019
72 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · 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 monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€15k▼ 66.0%
2019 · €44k
EBIT margin
326.8%▲ 230.6pp
2019 · 96.3%
Net result
€21k
2024 · €-217
Working capital
€202k▲ 4.7%
2024 · €193k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€15k
Operating result€48k▼ 51.1%€-6k€-5k▲ 14.2%€328€21k▲ 6,377%
Net result€49k▼ 49.1%€24k▼ 51.8%€-5k€-217▲ 95.7%€21k
EBIT margin326.8%
Equity€317k▲ 16.7%€311k▼ 2.0%€278k▼ 10.5%€262k▼ 5.7%€273k▲ 4.1%
Total assets€396k▼ 0.1%€377k▼ 4.9%€336k▼ 10.9%€319k▼ 5.1%€337k▲ 5.7%
Debt€79k▼ 36.7%€66k▼ 16.2%€57k▼ 12.8%€56k▼ 2.5%€63k▲ 12.9%
Working capital€140k▲ 6.3%€183k▲ 30.4%€179k▼ 2.4%€193k▲ 8.3%€202k▲ 4.7%
Staff (FTE)3=3=3=0▼ 100%3.5
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 6,377% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €337k
Fixed assets
€73k ▲ 5.2%
Current assets
€264k ▲ 5.8%
Equity and liabilities €337k
Equity
€273k ▲ 4.1%
Debt
€63k ▲ 12.9%
Debt's share of the balance-sheet total rises from 17.6% to 18.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€50k▲
2024 · €36k
Cash flow
€49k▲
2024 · €35k
Current ratio
4.29▼
2024 · 4.45
Debt to equity
0.23▲
2024 · 0.21
ROE
7.6%▲
2024 · -0.1%
ROA
6.2%▲
2024 · -0.1%
Interest coverage
274.73▲
2024 · 138.18
Debt ≤ 1 year
€61k▲
2024 · €56k
Income taxes
€281▼
2024 · €286
Staff costs
€209k▲
2024 · €199k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €15k | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €55k | - | - | - | - | - |
| Remuneration, social security and pensions62 | €102k | €141k | €194k | €199k | €209k | ▲ 5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €51k | €61k | €57k | €35k | €28k | ▼ 19.9% |
| Other operating charges640/8 | €1k | €698 | €452 | €492 | €574 | ▲ 16.7% |
| Non-recurring operating charges66A | €307 | €710 | €824 | €4k | €2k | ▼ 56.2% |
| Gross operating margin9900 | €204k | €197k | €247k | €240k | €261k | ▲ 9.0% |
| Operating profit (loss)9901 | €48k | €-6k | €-5k | €328 | €21k | ▲ 6,377% |
| Financial income75/76B | €2k | €31k | €674 | - | €5 | - |
| Recurring financial income75 | €2k | €31k | €674 | - | €5 | - |
| Financial charges65/66B | €689 | €486 | €166 | €259 | €181 | ▼ 30.2% |
| Recurring financial charges65 | €689 | €486 | €166 | €259 | €181 | ▼ 30.2% |
| Profit (loss) for the period before taxes9903 | €49k | €24k | €-5k | €69 | €21k | ▲ 30,432% |
| Income taxes67/77 | €278 | €340 | €292 | €286 | €281 | ▼ 1.7% |
| Profit (loss) for the period9904 | €49k | €24k | €-5k | €-217 | €21k | ▲ 9,679% |
| Profit (loss) for the period to be appropriated9905 | €49k | €24k | €-5k | €-217 | €21k | ▲ 9,679% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €396k | €377k | €336k | €319k | €337k | ▲ 5.7% |
| Fixed assets21/28 | €177k | €128k | €100k | €69k | €73k | ▲ 5.2% |
| Tangible fixed assets22/27 | €177k | €128k | €99k | €69k | €72k | ▲ 5.2% |
| Plant, machinery and equipment23 | €126k | €76k | €68k | €44k | €55k | ▲ 24.0% |
| Furniture and vehicles24 | €30k | €24k | €17k | €11k | €5k | ▼ 57.4% |
| Other tangible fixed assets26 | €20k | €17k | €15k | €14k | €13k | ▼ 5.2% |
| Assets under construction and advance payments27 | - | €10k | - | - | - | - |
| Financial fixed assets28 | €143 | €143 | €143 | €143 | €143 | = |
| Current assets29/58 | €219k | €249k | €236k | €249k | €264k | ▲ 5.8% |
| Amounts receivable within one year40/41 | €17k | €9k | €8k | €8k | €23k | ▲ 173% |
| Trade receivables40 | €2k | €2k | €4k | €4k | €18k | ▲ 327% |
| Other amounts receivable41 | €15k | €7k | €4k | €4k | €5k | ▲ 22.3% |
| Cash at bank and in hand54/58 | €196k | €234k | €220k | €232k | €231k | ▼ 0.5% |
| Deferred charges and accrued income490/1 | €6k | €6k | €7k | €9k | €10k | ▲ 15.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €396k | €377k | €336k | €319k | €337k | ▲ 5.7% |
| Equity10/15 | €317k | €311k | €278k | €262k | €273k | ▲ 4.1% |
| Reserves13 | €50k | €50k | €50k | €50k | €50k | = |
| Profit (loss) carried forward14 | €171k | €195k | €190k | €190k | €210k | ▲ 11.0% |
| Investment grants15 | €96k | €66k | €38k | €23k | €13k | ▼ 43.9% |
| Amounts payable17/49 | €79k | €66k | €57k | €56k | €63k | ▲ 12.9% |
| Amounts payable within one year42/48 | €79k | €66k | €57k | €56k | €61k | ▲ 9.6% |
| Trade debts44 | €22k | €3k | €109 | €31 | €2k | ▲ 5,135% |
| Suppliers440/4 | €22k | €3k | €109 | €31 | €2k | ▲ 5,135% |
| Advances received on contracts in progress46 | - | €302 | - | €230 | €120 | ▼ 47.8% |
| Taxes, remuneration and social security45 | €20k | €26k | €20k | €19k | €23k | ▲ 20.9% |
| Taxes450/3 | €3k | €3k | €3k | €599 | €3k | ▲ 470% |
| Remuneration and social security454/9 | €17k | €23k | €17k | €18k | €19k | ▲ 6.1% |
| Accrued charges and deferred income492/3 | - | - | - | - | €2k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €49k | €24k | €-5k | €-217 | €21k | ▲ 9,679% |
| + Depreciation and write-downs630 | €51k | €61k | €57k | €35k | €28k | ▼ 19.9% |
| Operating cash flow (approximation) | €101k | €84k | €52k | €35k | €49k | ▲ 39.6% |
| Investment in fixed assets (approximation) | - | €-12k | €-29k | €-5k | €-32k | ▼ 560% |
| Change in cash | - | €37k | €-13k | €12k | €-1k | ▼ 110% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
05-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €21k
Net result €21k after 2 loss-making years.
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 18 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €-5k
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
21-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €97k ▲149%
Operating result €99k, net result €97k, both a record.
31-12
Financial
Equity above €200kEq €272k ▲38.3%
3 profitable years in a row build equity to €272k.
11-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 72 days late
11-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 438 days late
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 57 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
9 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, Seraing · 1 establishment unit since 2009
Ground area
5,400 m²
Building footprint
1,741 m²
Parcel 62353D0354/00X000, Wallonia. Linked by address, not a title deed.
11
companies at this address
See who is registered here
1 establishment unit
MAT SERAING
since 20092.195.572.036
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62353D0354/00X000 | Wallonia | 5,400 m² | 1 · 1,741 m² | - |
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.
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Of 1,187 companies in sector 77399 we hold annual accounts for 710. 499 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formNon-profit association
Founded14-08-2009
Fiscal year end31-12
Activities, NACEBEL 2025
77392Rental and leasing activities
77399Renting and leasing of other machinery, equipment and tangible goods
Scores and ratios are computed by Checked and are not a credit decision.