MATECHI
ActiveSummary
The computed 12-month bankruptcy probability of MATECHI is 3.9% (moderate). The 2025 annual accounts show equity of €62,904 and a net result of -€33,438. Equity grew by about 11% per year on average since 2019. In 2025 it fell by 36.3%. Its solvency ranks better than 53% of 9,415 sector peers (NACE 41, financial year 2025). The company has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 05-03-2019 Normal situation
- Activity
- General construction of residential buildings NACE 41001and 6 others
- Establishment unit
- 2.288.599.588 5100 Namur, since 03-05-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 28-11-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 3.9%
- Gross margin
- €156,081
- ▼ 14.9%
- Turnover
- ≈ €510,000
- estimated
- Loss
- €33,438
- Equity
- €62,904
- ▼ 36.3%
- Total assets
- €138,007
- ▲ 5.5%
- Employees on 31-12-2025
- 3
- =
Score breakdownraises risk2 of the last 3 accounts lateSector: Construction of residential and non-residential buildings (NACE 41)Loss of €33,438 (financial year 2025)Founded in 2019Show the evidence
Checked score
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 54% of them on solvency, 28% on liquidity, 5% on profitability and 14% on growth.
The bankruptcy probability was computed on 04-11-2026 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 moderate class on 30-06-2025, 2.4% 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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 73 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 06-07-2026 at the NBB all 7 filings
Every figure per financial year
The operating result for 2025 is a loss of €23,725, after a profit of €56,042 in 2024. It is the lowest result since 2019.
The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-12-2024 | 31-12-2025 |
|---|---|---|
| Employees at the balance-sheet date | 3 | 3 |
| full-time | 3 | 3 |
| in full-time equivalents | 3 | 3 |
| Average over the year, in full-time equivalents | 2.2 | 3 |
| On a permanent contract | 3 | 2 |
| Joined | 1 | - |
| Left | 0 | - |
Source: social balance sheet in the 2024 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €2,936 | €39,228 | - | €4,859 | €18,461 |
| Depreciation and write-downs of the year | €1,820 | €1,232 | €9,078 | €9,085 | €10,445 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €1,261 | - | - | €4,113 | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | €82,451 | €112,658 | €159,810 | ▲ 41.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,797 | €2,212 | €1,820 | €1,232 | €9,078 | €9,085 | €10,445 | ▲ 15.0% |
| Other operating charges640/8 | - | - | €672 | €3,755 | €848 | €2,451 | €9,273 | ▲ 278% |
| Non-recurring operating charges66A | - | - | - | - | - | €3,079 | €279 | ▼ 91.0% |
| Gross operating margin9900 | €38,373 | €64,144 | -€2,247 | €10,488 | €95,625 | €183,316 | €156,081 | ▼ 14.9% |
| Operating profit (loss)9901 | €36,449 | €61,180 | -€4,739 | €5,501 | €3,248 | €56,042 | -€23,725 | - |
| Financial income75/76B | - | - | €1,261 | €227 | - | €444 | €570 | ▲ 28.5% |
| Recurring financial income75 | - | - | €1,261 | €227 | - | €444 | €570 | ▲ 28.5% |
| Financial charges65/66B | - | - | €111 | €130 | €159 | €10,636 | €9,632 | ▼ 9.4% |
| Recurring financial charges65 | €54 | €5 | €111 | €130 | €159 | €10,636 | €9,632 | ▼ 9.4% |
| Profit (loss) for the period before taxes9903 | €36,395 | €57,975 | -€3,589 | €5,597 | €3,088 | €45,850 | -€32,787 | - |
| Income taxes67/77 | €9,100 | - | €16,305 | - | - | €21,091 | €652 | ▼ 96.9% |
| Profit (loss) for the period9904 | €27,295 | €57,975 | -€19,894 | €5,597 | €3,088 | €24,760 | -€33,438 | - |
| Profit (loss) for the period to be appropriated9905 | €27,295 | €57,975 | -€19,894 | €5,597 | €3,088 | €24,760 | -€33,438 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €43,955 | €103,445 | €81,937 | €94,995 | €85,408 | €130,785 | €138,007 | ▲ 5.5% |
| Fixed assets21/28 | €3,852 | €3,765 | €4,881 | €42,877 | €33,799 | €26,001 | €33,738 | ▲ 29.8% |
| Tangible fixed assets22/27 | €3,852 | €3,765 | €4,881 | €42,877 | €33,799 | €26,001 | €33,738 | ▲ 29.8% |
| Plant, machinery and equipment23 | - | - | - | - | €758 | €333 | €2,214 | ▲ 565% |
| Furniture and vehicles24 | - | - | €4,881 | €42,877 | €33,041 | €25,668 | €31,524 | ▲ 22.8% |
| Current assets29/58 | €40,103 | €99,680 | €77,056 | €52,118 | €51,609 | €104,784 | €104,270 | ▼ 0.5% |
| Amounts receivable within one year40/41 | €22,812 | €27,764 | €42,244 | €34,921 | €24,280 | €53,160 | €80,508 | ▲ 51.4% |
| Trade receivables40 | - | - | €30,038 | €21,102 | €9,024 | €34,023 | €61,096 | ▲ 79.6% |
| Other amounts receivable41 | - | - | €12,206 | €13,818 | €15,255 | €19,137 | €19,412 | ▲ 1.4% |
| Cash at bank and in hand54/58 | €17,291 | €68,804 | €34,812 | €17,197 | €11,418 | €45,358 | €8,396 | ▼ 81.5% |
| Deferred charges and accrued income490/1 | - | - | - | - | €15,911 | €6,267 | €15,365 | ▲ 145% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €43,955 | €103,445 | €81,937 | €94,995 | €85,408 | €130,785 | €138,007 | ▲ 5.5% |
| Equity10/15 | €33,495 | €91,470 | €75,576 | €81,173 | €84,262 | €98,727 | €62,904 | ▼ 36.3% |
| Contributions10/11 | €6,200 | €6,200 | €10,200 | €10,200 | €10,200 | €10,200 | €10,200 | = |
| Contributions outside capital11 | - | - | - | - | €10,200 | - | - | - |
| Other1109/19 | - | - | - | - | €10,200 | - | - | - |
| Reserves13 | - | - | - | - | - | €24,760 | €24,760 | = |
| Distributable reserves133 | - | - | - | - | - | €24,760 | €24,760 | = |
| Profit (loss) carried forward14 | €27,295 | €85,270 | €65,376 | €70,973 | €74,062 | €63,768 | €27,945 | ▼ 56.2% |
| Amounts payable17/49 | €10,460 | €11,975 | €6,361 | €13,821 | €1,147 | €32,057 | €75,103 | ▲ 134% |
| Amounts payable after more than one year17 | €254 | - | - | - | - | - | €6,111 | - |
| Financial debts170/4 | - | - | - | - | - | - | €6,111 | - |
| Amounts payable within one year42/48 | €10,206 | €11,975 | €6,361 | €13,821 | €1,147 | €32,057 | €68,992 | ▲ 115% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | - | €3,008 | - |
| Trade debts44 | €539 | €2,908 | €1,247 | €1,501 | €1,147 | €13,812 | €21,559 | ▲ 56.1% |
| Suppliers440/4 | - | - | €1,247 | €1,501 | €1,147 | €13,812 | €21,559 | ▲ 56.1% |
| Taxes, remuneration and social security45 | - | - | €4,939 | €12,320 | - | €16,924 | €27,908 | ▲ 64.9% |
| Taxes450/3 | - | - | €4,939 | €12,320 | - | €8,027 | €8,209 | ▲ 2.3% |
| Remuneration and social security454/9 | - | - | - | - | - | €8,897 | €19,699 | ▲ 121% |
| Other amounts payable47/48 | - | - | €175 | - | - | €1,322 | €16,518 | ▲ 12× |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27,295 | €57,975 | -€19,894 | €5,597 | €3,088 | €24,760 | -€33,438 | - |
| + Depreciation and write-downs630 | €1,797 | €2,212 | €1,820 | €1,232 | €9,078 | €9,085 | €10,445 | ▲ 15.0% |
| Operating cash flow (approximation) | €29,092 | €60,187 | -€18,074 | €6,829 | €12,166 | €33,845 | -€22,993 | - |
| Investment in fixed assets (approximation) | - | -€2,125 | -€2,936 | -€39,228 | €0 | -€1,286 | -€18,182 | ▼ 1,313% |
| Change in cash | - | €51,513 | -€33,992 | -€17,615 | -€5,779 | €33,940 | -€36,962 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 3,591 companies had the same profile as MATECHI has now. Two years later, 87.4% were still going and 3.0% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of MATECHI itself is higher: 3.9% within 12 months. It rests on far more data about MATECHI than the profile alone.
Test of the method
The method was tested on the 497,446 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 3,591 companies, not a prediction for MATECHI. 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.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 06-07-2026 | 2026-00256086 | |
| 31-12-2024 | micro format | 31-10-2025 | 2025-00556424 | |
| 31-12-2023 | micro format | 07-10-2024 | 2024-00501965 | |
| 31-12-2022 | full format | 31-08-2023 | 2023-00412054 | |
| 31-12-2021 | micro format | 29-11-2022 | 2022-20528932 | |
| 31-12-2020 | micro format | 28-10-2021 | 2021-74400532 | |
| 31-12-2019 | micro format | 10-12-2020 | 2020-75200300 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 23-05-2024 Converted to unavailable equity · €10,200
Mandate history
- Board
- mandate already running before its first mention
| Name | Functions and periods |
|---|---|
| ISUFI Kadri |
|
Articles of association
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- 100 shares
Articles of association, deed of 23-05-2024 (in French)
Network & group
MATECHI shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of MATECHI. Every other company they run is a node.
Timeline
Deeds, filings and financial milestones
23-05
Gazette deed
Change of role: ISUFI Kadri, from manager to directorDirector discharge: ISUFI Kadri5 points ▸
- Director resignation, ISUFI Kadri (manager)
- Director appointment, ISUFI Kadri (director (not named in the articles))
- Director discharge, ISUFI Kadri
- Registered office clause, rue Lambin 5, 5100 Namur (Jambes)
- General meeting, 08-05-2024
- The deed holds 5 more points.
15-09
Gazette deed
Registered office moved from Namur to JambesNew registered office: rue Lambin n°5 à 5100 JAMBES · Previous registered office: RUE DE SARDANSON 69, 5004 NAMUR2 points ▸
- Board meeting, 26-07-2021
- Registered-office move, rue Lambin n°5 à 5100 JAMBES
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
1 former office
- Rue De Sardanson 69, 5004 Namur until 26-07-2021 · deed of 15-09-2021
Activities
NACEBEL 2025Codes under NACEBEL 2008
27 activities
- Toutes les activités du secteur de la construction soit la menuiserie et la vitrerie,le plafonnage,le cimentage,et pose de chapes,la menuiserie générale,la pose de carrelage,marbre et pierre naturelle,les travaux de gros-œuvre,l’entreprise générale de construction,les travaux de parachèvement et de finition,les travaux de toiture et d’étanchéité,les activités électrotechniques,les activités d’installation de chauffage central,de climatisation,de gaz et de sanitaire
- Les travaux de préparations des sites et chantiers,le déblayage et nettoyage de chantiers,le forage d’essais et de sondages,les travaux d’isolation d’immeubles,l’installation de stores et ravalement de façades,le nettoyage à vapeur,le sablage et les activités analogues,les travaux de rejointoiement,le montage d’éléments de structures métalliques non fabriqués par l’unité qui exécute les travaux,les travaux de terrassement,de ferraillage,de pose de coffrage,les travaux de peinture d’ossatures métalliques
- Tous produits alimentaires tels que fruits,légumes,conserves,produits laitiers,produits de la mer,poissons,boucherie,articles de ménage et articles cadeaux
- Tous textiles en général,vêtements divers,chaussures,cordonnerie,serrurerie,maroquinerie dans le sens le plus large
- Tous produits de l’artisanat en général,tapisseries y compris les articles du tiers-monde
- Matériaux de construction,matériel électrique et électronique,sanitaire et de plomberie
- Tous les articles de parfumerie,de toilette,cosmétiques,produits de beauté,maquillage ainsi que savons et détergents
- Tous les articles d’horticulture tels que fleurs,plantes,articles de jardinage,aménagement et entretien de jardins et de pépinières
- Tous livres,antiquités,brocantes,objets de décoration,machines industrielles
- Tous bijoux,orfèvrerie,import-export des pierres précieuses et minéraux
- Tous appareils électroménagers,tous films de bandes magnétiques,DVD,cassettes,tous articles imprimés ou enregistrés permettant leur lecture vision ou audition,livres
- Tous matériaux de bureau et de l’informatique,téléphones,gsm,fax
- Tous véhicules neufs et d’occasion,ainsi que leurs pièces détachées
- Commerce ambulant
- Atelier de confection et de vente de vêtements traditionnels et artisanaux
- Cabines téléphoniques
- Atelier de fabrication de tous produits de boulangerie et de pâtisserie,de tous produits alimentaires et non alimentaires
- Librairie
- Tous snacks bars,brasseries,salon de consommation,hôtels,restaurants,tavernes,cafés,discothèques,buffets,vestiaires pour publics,locations de places,salles d’organisation,de banquet et service traiteur
- La messagerie,les services de fax,de cabines téléphoniques et de photocopies,night-shop,de laboratoire de développements photos,d’atelier de tournage,d’affûtage et de rectification de pièces mécaniques
- D’une société de taxis,Car-Wash,station-service (tous carburants tels que mazout,diesel,gaz,…),garage avec atelier de réparation,entretien et dépannage
- D’un salon de coiffure et produits de salon
- Entreprise générale de bâtiment,peinture,maçonnerie,électricité,toiture
- Fournir tous services ou prestations au profit de toutes clientèles privées ou commerciales
- Le nettoyage et l’entretien d’immeubles,le nettoyage de vitres et de bureaux,de petits travaux de bureau,services intérimaires,sous-traitance
- Marchés publics
- Transport de personnes et de marchandises
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 0721.891.024
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 92322G0572/00A000 | Wallonia | 191 m² | 1 · 59 m² | 12.1 m · 4 |