MATE GROUP CONSTRUCT
Active1 interim measureSummary
The file of MATE GROUP CONSTRUCT contains 1 interim measure and 1 administrative flag, as published in the Belgian State Gazette. The computed 12-month bankruptcy probability is 3.8% (moderate). The 2024 annual accounts show equity of €144,888 and a net result of €42,542. Equity is growing by ~50.2% per year across the filed fiscal years. Its solvency ranks better than 87% of 9975 sector peers (fiscal year 2024).
Checked score
Score 2024
Axes · tick = 2023
Profitability98▲+14
Solvency100▲+27
Growth78=
Track record66
Bankruptcy probability, 12 months
3.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days only on tighter terms
Liquidity ample (current ratio 5.96 against 2.23 in 2023; short-term debt: 13.2% and cash: 1.8% of total assets), and 20.8% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-12-2025, 139 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
139 d late
2023
494 d late
2022
143 d late
2021
268 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 261 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
UBO non-compliance
History
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Financials · fiscal year 2024, micro schema
Turnover
€360,571
EBIT margin
11.1%
Net result
€42,542▲ 6.4%
2023 · €39,985
Working capital
€119,401▲ 2.9%
2023 · €116,034
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Turnover€360,571
Operating result€19,759-€41,739▲ 111%€40,125▼ 3.9%€42,665▲ 6.3%
Net result€19,674within the sector's middle half-€41,587above the sector's middle half▲ 111%€39,985above the sector's middle half▼ 3.9%€42,542above the sector's middle half▲ 6.4%
EBIT margin11.1%
Equity€20,674below the sector's middle half-€62,361within the sector's middle half▲ 202%€102,346within the sector's middle half▲ 64.1%€144,888above the sector's middle half▲ 41.6%
Total assets€39,497below the sector's middle half-€106,902within the sector's middle half▲ 171%€214,786within the sector's middle half▲ 101%€182,903within the sector's middle half▼ 14.8%
Debt€18,823-€44,541▲ 137%€112,440▲ 152%€38,015▼ 66.2%
Working capital€12,151below the sector's middle half-€55,968within the sector's middle half▲ 361%€116,034above the sector's middle half▲ 107%€119,401above the sector's middle half▲ 2.9%
Solvency52.3%within the sector's middle half-58.3%within the sector's middle half▲ 6.0pp47.7%within the sector's middle half▼ 10.7pp79.2%above the sector's middle half▲ 31.6pp
Current ratio1.65within the sector's middle half-2.26within the sector's middle half▲ 0.612.23within the sector's middle half▼ 0.035.96above the sector's middle half▲ 3.73
Return on assets (ROA)49.8%above the sector's middle half-38.9%above the sector's middle half▼ 10.9pp18.6%within the sector's middle half▼ 20.3pp23.3%above the sector's middle half▲ 4.6pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 6% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €182,903
Fixed assets
€39,437 ▲ 825%
Current assets
€143,466 ▼ 31.9%
Equity and liabilities €182,903
Equity
€144,888 ▲ 41.6%
Debt
€38,015 ▼ 66.2%
Debt's share of the balance-sheet total falls from 52.3% to 20.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€54,122▲
2023 · €42,256
Cash flow
€53,999▲
2023 · €42,116
Debt to equity
0.26▼
2023 · 1.10
ROE
29.4%▼
2023 · 39.1%
Interest coverage
440.02▲
2023 · 301.83
Debt ≤ 1 year
€24,065▼
2023 · €94,490
Debt > 1 year
€13,950▼
2023 · €17,950
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,970 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Turnover70 | - | - | €360,571 | - | - |
| Remuneration, social security and pensions62 | - | - | €1,131 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,131 | €2,131 | €2,131 | €11,457 | ▲ 438% |
| Other operating charges640/8 | €62 | €1,176 | €1,575 | €646 | ▼ 59.0% |
| Gross operating margin9900 | €21,952 | €45,046 | €44,962 | €54,768 | ▲ 21.8% |
| Operating profit (loss)9901 | €19,759 | €41,739 | €40,125 | €42,665 | ▲ 6.3% |
| Financial charges65/66B | €85 | €152 | €140 | €123 | ▼ 12.1% |
| Recurring financial charges65 | €85 | €152 | €140 | €123 | ▼ 12.1% |
| Profit (loss) for the period before taxes9903 | €19,674 | €41,587 | €39,985 | €42,542 | ▲ 6.4% |
| Profit (loss) for the period9904 | €19,674 | €41,587 | €39,985 | €42,542 | ▲ 6.4% |
| Profit (loss) for the period to be appropriated9905 | €19,674 | €41,587 | €39,985 | €42,542 | ▲ 6.4% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €39,497 | €106,902 | €214,786 | €182,903 | ▼ 14.8% |
| Fixed assets21/28 | €8,523 | €6,393 | €4,262 | €39,437 | ▲ 825% |
| Tangible fixed assets22/27 | €8,523 | €6,393 | €4,262 | €39,437 | ▲ 825% |
| Furniture and vehicles24 | €8,523 | €6,393 | €4,262 | €39,437 | ▲ 825% |
| Current assets29/58 | €30,974 | €100,509 | €210,524 | €143,466 | ▼ 31.9% |
| Amounts receivable within one year40/41 | €25,275 | €80,248 | €183,228 | €140,123 | ▼ 23.5% |
| Trade receivables40 | - | €41,391 | €101,324 | €86,033 | ▼ 15.1% |
| Other amounts receivable41 | €25,275 | €38,857 | €81,904 | €54,090 | ▼ 34.0% |
| Cash at bank and in hand54/58 | €5,699 | €20,261 | €27,296 | €3,343 | ▼ 87.8% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €39,497 | €106,902 | €214,786 | €182,903 | ▼ 14.8% |
| Equity10/15 | €20,674 | €62,361 | €102,346 | €144,888 | ▲ 41.6% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Capital10 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Issued capital100 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Reserves13 | - | €100 | €100 | €100 | = |
| Non-distributable reserves130/1 | - | €100 | €100 | €100 | = |
| Legal reserve130 | - | €100 | €100 | €100 | = |
| Profit (loss) carried forward14 | €19,674 | €61,261 | €101,246 | €143,788 | ▲ 42.0% |
| Amounts payable17/49 | €18,823 | €44,541 | €112,440 | €38,015 | ▼ 66.2% |
| Amounts payable after more than one year17 | - | - | €17,950 | €13,950 | ▼ 22.3% |
| Financial debts170/4 | - | - | €17,950 | €13,950 | ▼ 22.3% |
| Amounts payable within one year42/48 | €18,823 | €44,541 | €94,490 | €24,065 | ▼ 74.5% |
| Trade debts44 | €18,823 | €44,541 | €94,490 | €24,065 | ▼ 74.5% |
| Suppliers440/4 | €18,823 | €44,541 | €94,490 | €24,065 | ▼ 74.5% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,674 | €41,587 | €39,985 | €42,542 | ▲ 6.4% |
| + Depreciation and write-downs630 | €2,131 | €2,131 | €2,131 | €11,457 | ▲ 438% |
| Operating cash flow (approximation) | €21,805 | €43,718 | €42,116 | €53,999 | ▲ 28.2% |
| Investment in fixed assets (approximation) | - | -€1 | €0 | -€46,632 | - |
| Change in cash | - | €14,562 | €7,035 | -€23,953 | ▼ 440% |
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
2025
17-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 139 days late
07-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 494 days late
2024
31-12
Financial
Highest result since 2021net €42,542 ▲6.4%
Operating result €42,665, net result €42,542, both a record.
31-12
Financial
Liquidity triplescurrent ratio 5.96
Current ratio from 2.23 to 5.96; short-term debt falls from €94,490 to €24,065.
22-03
KBO administration
UBO non-compliance
event 11-03-2024
2023
31-12
Financial
Equity above €100,000Eq €102,346 ▲64.1%
3 profitable years in a row build equity to €102,346.
21-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 143 days late
03-07
Interim measure
Provisional administrator
Ondernemingsrechtbank Gent · ester Lauri Monsecour
25-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 268 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Brussel · 1 establishment unit since 2021
Ground area
1,881 m²
Building footprint
255 m²
Volume, LiDAR
4,037 m³
2 parcels, Brussels, Flanders · tallest building 21.8 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
MATE GROUP CONSTRUCT
since 20212.314.627.757
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21803C0268/00C002 ProtectedSite or landscape · MonumentVoormalig Hotel en bank Empain - voormalig Hotel de Knuyt de VosmaerSource ↗ |
Brussels | 1,823 m² | 1 · 197 m² | 21.8 m · 6 fl. |
| 41003A0422/00C003 | Flanders | 58 m² | 1 · 58 m² | 9.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Interim administrator | ester Lauri Monsecour | 03-07-2023 → present |
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,052. 12,699 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
Founded17-03-2021
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41003General construction of other non-residential buildings
43110Demolition
43211General electrical installation work
43212Electrical installation work in industrial facilities
43221Plumbing work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0765296940
Also
9925:BE0765296940
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.