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MATERIAL

Active Private limited companyfounded 1990active for 36 yearsDrève Richelle 161M, 1410 WaterlooKBO/BCE: BE 0441.184.209

Overview

Lifetime

19 annual accounts with figures on one time axis, 34 filings since 1991
peak €301,637 (2013)
€60,907▼ 55.8%
lowest -€33,119 (2006)
€30,431▼ 65.2%
peak €477,864 (2024)
€200,795▼ 58.0%
€190,915▲ 427%
peak 1.5 FTE (2006)
-not published
Board1 name since 2017
1 directorLAVAL CHRISTIAN HANS
Owners
  
Documentsfilings and deeds
29-04-20261 day before the deadline
2025micro format
Gross margin from €137,776 to €60,907Result from €87,406 to €30,431Dividend €307,500Equity from €477,864 to €200,795Debts from €36,261 to €190,915Cash from €186,098 to €294,224

Key points

from the 2025 annual accounts

Equity

€200,795 ▼ 58.0%
477,8642024+30,431Profit-307,500Dividend200,7952025

MATERIAL paid out €307,500 in dividends. That is 1,010% of the 2025 profit.

Result

€30,431 ▼ 65.2%
€87,4002024€30,4002025

The result fell in 2025 from €87,406 to €30,431.

Debts

€190,915 ▲ 427%
Other debts
+149,880
Taxes and wages
+7,539
Financial debts
+2,648
The rest
-5,412

Debts rose by €154,654 in 2025. A dividend stands under other debts on the balance sheet date until it is paid.

Liquidity

1.66 was 11.60 in 2024

Short-term debts rose from €36,261 to €190,915.

Filings

34 annual accounts since 1991
deadline200020102020

The last five annual accounts were filed 0 to 57 days before the end of the period.

Checked score

93
Excellent
Financially stronger than 42% of micro companies in architecture and engineering (NACE 71)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.1% across 14,828 companies (NACE 71, micro).

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: < 0.1% 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025lowest value 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026highest value 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026 11-2026: < 0.1%● unchanged vs 10-2026

Financial strength
Strong

76-24equity 51.3% of total assets
76-19short-term debt 48.7% · cash 75.1%
78-12return on assets 7.8%

Score breakdown

lowers risk
Liquidity: current ratio 1.66, cash €294,224
Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)
Size: total assets €391,710
Equity €200,795 (51.3% of total assets)
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 71, micro). It does better than 49% of them on solvency, 64% on liquidity, 46% on profitability and 9% on growth.

The bankruptcy probability was computed on 08-11-2026 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 30-09-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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).

Comparable companies, two years later

In July 2024, 31,368 companies had the same profile as MATERIAL has now. Each dot stands for 79 companies, two years later.

93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

Another 0.1% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of MATERIAL itself: < 0.1% within 12 months.

Test of the method

The method was tested on the 497,447 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 31,368 companies, not a prediction for MATERIAL. 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.

Credit verdict

Credit of up to €18,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 1.66 (11.6 in 2024), above the usual 1.5. Short-term debt is 48.7% and cash 75.1% of total assets. 48.7% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

5 signals, none raises the risk
Five signals.
lowers riskneutral
lowers risk · Liquidity: current ratio 1.66, cash €294,224
NBB · annual accounts
lowers risk · Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)
KBO
lowers risk · Size: total assets €391,710
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Equity €200,795 (51.3% of total assets)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-04-2026, 1 day ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
1 day early
2024
30 days early
2023
on the day
2022
16 days early
2021
57 days early
2020
on the day
2019
22 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 18 days before the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 14 April (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-09-2026 year end09-11-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

LC
LAVAL CHRISTIAN HANS
Director, since 01-12-2017
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0441184209
Amendment of the articles · Legal-form change · Resignations & appointments Board composition: LAVAL Christian Hans Julius (director) · Gazette deed
Registered office moved from Brussels to Waterloo New registered office: Drève Richelle 161 M Bte 57 à 1410 Waterloo · Previous registered office: Rue des Chartreux 11, 1000 Bruxelles · Board meeting of 01-03-2021 · Gazette deed
First establishment Drève Richelle 161M, Waterloo
All 48 events

Comparable companies

same main activity, similar in size and age
Company
MATERIAL Waterloo €391,710 €60,907 51.3% -
LE GRELLE & C° Braine-l'Alleud €353,875 €63,223 93.1% -
STEELTECH SERVICES Spa €354,411 €55,668 77.0% -
NEW TECHNELEC Charleroi €354,846 €67,641 93.3% -
Projekt-Team Roeselare €359,263 €61,435 36.2% -
PRINTRONIC Lier €355,734 €53,274 63.4% -
TECHNIMO Anzegem €468,088 €64,435 27.3% -

These companies have the same main activity as MATERIAL: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €354,000 and €468,000, founded between 1984 and 1995.

Official details

Source: KBO
Status
Active since 28-06-1990Normal situation
Registered office
27 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 9 November 2026.
Activity
Engineering and related technical consultancy, excluding land surveyorsNACE 71121
Establishment unit
2.050.146.0721410 Waterloo, since 29-08-1990
Financial year end
30 September
Peppol
Reachable since 15-12-2025
Company details

Annual accounts to 30-09-2025

€60,907▼ 55.8%
≈ €130,000estimated
€30,431▼ 65.2%
€200,795▼ 58.0%
€391,710▼ 23.8%
Filing
Filed on 29-04-2026, 1 day before the end of the filing period
Financials

Insights on MATERIAL

MATERIAL files the micro format. That format states no turnover. The gross margin fell from €64,322 in 2006 to €60,907 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 29-04-2026, 1 day before the deadline
€60,907
▼ 55.8%
€40,856
▼ 65.4%
€30,431
▼ 65.2%
€126,899
▼ 67.0%
51.3%
▼ 41.7 percentage points
1.66
▼ 9.94

The turnover shown is an estimate from the gross margin.

Turnover ≈ €130,000. Estimated: probably between €100,000 and €180,000.

Balance sheet

balance sheet total €391,710 on 30-09-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

51.3%

Higher than 47% of 11,794 companies in 2025.

1.66

Higher than 41% of 11,521 companies in 2025.

7.8%

Higher than 41% of 11,605 companies in 2025.

MATERIAL Middle half of the sector 80% of the sector Micro accounts in architecture and engineering (NACE 71)

Net result: middle half · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter

Staff

Staff costs divided by the average number of full-time equivalents.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2025202420232022202120202019201820172016201520142013201120102009200820072006
Balance sheet: assets
20/58 391,710514,125465,514443,764299,075145,093143,15688,193138,579103,840113,95080,032417,089330,096343,231257,432266,260191,151211,847
21/28 73,89693,39699,71921,6689,4022,6391,8122,4491,5072,6432,8432,1153,9442,2821,4986,60715,11026,19434,651
21 46,92462,74678,568----------------
22/27 13,34017,0187,5208,0378,2701,5086811,3183761,5121,7119842,8131,5147305,83814,34125,55234,009
23 4,1844,8915,5986,3057,012-----------2,6657,3959,093
24 9,15612,1271,9221,7321,2591,5086811,3183761,5121,7119842,8131,5147305,83811,67717,51523,514
26 -----------------6421,402
28 13,63113,63113,63113,6311,1311,1311,1311,1311,1311,1311,1311,1311,131768768768768642642
29/58 317,814420,729365,795422,096289,673142,454141,34385,744137,072101,197111,10777,918413,145327,814341,732250,825251,150164,957177,196
40/41 22,892232,634179,29814,16317,29810,29942,15914,7748,32065,53821,98141,939142,518110,955254,370179,796232,066135,79697,043
40 20,97291,7551,92411,0146,7483,36337,96313,9854,68065,08121,09141,3715,97815,31345,32013,376134,81965,78710,749
41 1,920140,879177,3743,14910,5506,9364,1967893,640457890568136,54195,642209,050166,41997,24770,00986,294
50/53 ---------------9,1548,2848,2848,284
54/58 294,224186,098186,182407,515271,479131,51698,59070,729128,65834,23887,70535,606269,862216,15587,36361,8757,20918,29425,079
490/1 6981,997315418896639594240931,4211,421372765704--3,5912,58346,790
Balance sheet: equity and liabilities
10/49 391,710514,125465,514443,764299,075145,093143,15688,193138,579103,840113,95080,032417,089330,096343,231257,432266,260191,151211,847
10/15 200,795477,864437,458407,033239,559124,70293,63037,64498,45280,70288,93375,724145,173133,398117,079101,31372,88951,14279,376
10/11 18,55018,55018,55018,55018,55018,55018,55018,55080,56580,56580,56580,56580,56580,56580,56580,56580,56580,56580,565
100 ------18,55018,55080,56580,56580,56580,56580,56580,56580,56580,56580,56580,56580,565
13 180,557455,557417,557388,386220,88694,88664,88617,88617,8868,0578,0578,05764,45752,45736,45719,45549,37049,37049,370
130/1 8,0578,057417,557362,557195,05785,05747,000------------
130 ------8,0578,0578,0578,0578,0578,0578,0578,0578,0573,0993,0993,0993,099
1311 8,0578,057417,557362,557195,05785,057-------------
1319 ------47,000------------
133 172,500447,500025,83025,8309,8309,8309,8309,830---56,40044,40028,40016,35746,27146,27146,271
14 1,6883,7571,3519712311,26610,1941,207--7,920311-12,898151376571,292-57,047-78,793-50,559
17/49 190,91536,26128,05636,73159,51620,39149,52650,55040,12723,13925,0174,308271,916196,698226,152156,119193,371140,009132,471
17 ---------------5,86511,42554,77445,603
170/4 ---------------5,86511,42554,77445,603
42/48 190,91536,26128,05636,73159,51620,39149,52637,12140,12721,87725,0174,308271,916196,698226,152150,253181,94685,23586,868
42 ---------------5,5595,2694,991-
43 4,3701,723-2,9586,82106633,2593,306--------1063,646
430/8 4,3701,723-2,9586,82106633,2593,306--------1063,646
44 9,13314,5457,0307,75927,75615,25236,1662,63521,7789,13813,7211,3086,21620,89015,18872,694140,82078,44660,146
440/4 9,13314,5457,0307,75927,75615,25236,1662,63521,7789,13813,7211,3086,21620,89015,18872,694140,82078,44660,146
46 ---011,175--------------
45 24,03816,4995,23318,58210,7154,5813,8038,46914,0541,8354,3723,0005,7004,9537,02536,00035,8571,69223,076
450/3 21,78816,4992,98318,58210,7152,3313,8036,21911,8041,8354,3723,0005,7004,9537,02536,00035,85750517,494
454/9 2,25002,250-02,25002,2502,250--------1,1875,582
47/48 153,3753,49515,7947,4323,0495588,89422,75898910,9046,924-260,000170,855203,93936,000---
492/3 ------013,429-1,262---------
Income statement
9900 60,907137,77684,337245,763165,23848,06580,0606,14228,905-5,85318,721-12,032301,637180,636195,985107,25876,019109,35264,322
62 ---------------2,2271,32683,08588,482
630 19,50018,6711,8141,5227701,1806379691,1361,3261,5542,2694,3767663658,50311,21012,30911,567
640/8 5518914908265637159171,2837376607461,03119,0701,2449854,4597,73636,5695,699
66A --------------8805,000---
9901 40,856118,21482,033243,415163,90446,17078,5063,89027,032-7,83816,420-15,332278,191178,626194,63492,07055,746-22,611-41,426
75/76B 5,7136,9236,19633882011551371211,1963,3203,2412,59911,0708,97830,81312,47913,924
75 5,7136,9236,19633882011551371211,1963,3203,2412,59911,0708,97830,81312,47913,924
65/66B 1,8608321,2921,3131,2161,4988241,9685705171,4027154,4452,1493,6486,99934,80920,8625,617
65 1,8608321,2921,3131,2161,4988241,9685705171,4027154,4452,1493,6486,99934,80920,8625,617
9903 44,709124,30586,936242,440162,76944,67277,6832,07726,600-8,23516,215-12,727276,987179,077201,17689,04951,750-30,993-33,119
67/77 14,27836,89930,73374,96647,91213,60021,6968708,850-33,0063225,213-2,2435,41024,62530,003-2,759-
9904 30,43187,40656,203167,474114,85731,07255,9861,20717,750-8,23113,209-13,049271,775181,319195,76664,42421,747-28,235-33,119
9905 30,43187,40656,203167,474114,85731,07255,9861,20717,750-8,23113,209-13,049271,775181,319195,76664,42421,747-28,235-33,119
Appropriation of the result
9906 34,18888,75756,351167,597126,12341,26657,1941,2079,830-7,920311-12,898272,151181,376197,0587,378-57,047-78,793-50,559
14P 3,7571,351148123---------------
791/2 307,50047,00025,830--------56,400---29,914---
691/2 32,50085,00055,000167,500126,00030,00047,000-9,830---12,00016,00017,001----
6920 --------------4,958----
6921 32,50085,00055,000167,500126,00030,00047,000-9,830---12,00016,00012,043----
694/7 307,50047,00025,830--------56,400260,000165,000180,00036,000---
694 307,50047,00025,830--------56,400-------
695 ------------260,000165,000180,00036,000---
Social balance sheet
9087 -----------------1.51.5
Hours worked1013 -----------------2,2942,706
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 15 older financial years (1991-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 29-04-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
30-09-2025 micro format 29-04-2026 2026-00098315 PDF
30-09-2024 micro format 31-03-2025 2025-00060712 PDF
30-09-2023 micro format 30-04-2024 2024-00079783 PDF
30-09-2022 micro format 14-04-2023 2023-00060083 PDF
30-09-2021 micro format 04-03-2022 2022-07100471 PDF
30-09-2020 abbreviated format 30-04-2021 2021-12300577 PDF
30-09-2019 full format 08-04-2020 2020-08800209 PDF
30-09-2018 abbreviated format 28-03-2019 2019-08600274 PDF
30-09-2017 full format 20-04-2018 2018-10200455 PDF
30-09-2016 abbreviated format 21-03-2017 2017-07000510 PDF
30-09-2015 abbreviated format 18-04-2016 2016-10200379 PDF
30-09-2014 abbreviated format 07-04-2015 2015-09500193 PDF
30-09-2013 abbreviated format 30-04-2014 2014-11400060 PDF
31-12-2011 abbreviated format 05-07-2012 2012-26000391 PDF
31-12-2010 abbreviated format 27-06-2011 2011-22400229 PDF
31-12-2009 abbreviated format 31-08-2010 2010-51000493 PDF
31-12-2008 abbreviated format 02-02-2010 2010-03500598 PDF
31-12-2007 abbreviated format 26-08-2008 2008-65800360 PDF
31-12-2006 abbreviated format 30-08-2007 2007-68700117 PDF
31-12-2005 abbreviated format 28-08-2006 2006-68402650 PDF
31-12-2004 abbreviated format 19-07-2005 2005-51602201 PDF
31-12-2003 abbreviated format 29-07-2004 2004-53702887 PDF
31-12-2002 abbreviated format 31-07-2003 2003-56104760 PDF
31-12-2001 abbreviated format 08-07-2002 2002-35002766 PDF
31-12-2000 abbreviated format 03-10-2001 2001-61402017 PDF
31-12-1999 abbreviated format 04-01-2001 2001-00300506 PDF
31-12-1998 abbreviated format 01-03-2000 2000-05001669 PDF
31-12-1997 abbreviated format 01-10-1998 1998-50001608 PDF
31-12-1996 abbreviated format 10-11-1997 1997-51902249 PDF
31-12-1995 abbreviated format 17-06-1996 1996-17404180 PDF
31-12-1994 abbreviated format 11-12-1995 1995-59404544 PDF
31-12-1993 abbreviated format 17-06-1994 1994-16702590 PDF
31-12-1992 abbreviated format 29-06-1993 1993-19503923 PDF
31-12-1991 abbreviated format 10-08-1992 1992-27502685 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022202120202019201820172016201520142013201120102009200820072006
60,356136,88583,847244,936164,67447,35079,1434,85928,168-6,51217,975-13,063282,568179,392194,999100,57366,956-10,302-29,859
49,931106,07758,017168,996115,62732,25256,6232,17618,886-6,90514,763-10,780276,151182,085196,13172,92732,957-15,926-21,552
012,34879,86513,7887,5322,00701,91201,1262,2824396,0381,5491,09501263,85233,513
108,126-84-221,333136,036139,96432,92527,861-57,92994,421-53,46752,098-234,255-128,79325,48754,667-11,085-6,785-
126,899384,468337,739385,365230,158122,06391,81848,62396,94579,32086,09073,609141,229131,116115,581100,57169,20479,72290,328
51.3%92.9%94.0%91.7%80.1%85.9%65.4%42.7%71.0%77.7%78.0%94.6%34.8%40.4%34.1%39.4%27.4%26.8%37.5%
1.6611.6013.0411.494.876.992.852.313.424.634.4418.091.521.671.511.671.381.942.04
0.950.080.060.090.250.160.531.340.410.290.280.061.871.471.931.542.652.741.67
15.2%18.3%12.8%41.1%47.9%24.9%59.8%3.2%18.0%-10.2%14.9%-17.2%187.2%135.9%167.2%63.6%29.8%-55.2%-41.7%
7.8%17.0%12.1%37.7%38.4%21.4%39.1%1.4%12.8%-7.9%11.6%-16.3%65.2%54.9%57.0%25.0%8.2%-14.8%-15.6%
32.45over 10064.88over 100---------------

EBIT margin: not included in this filing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item30-09-202530-09-202430-09-202330-09-2022
Tangible fixed assets-€12,348€755€1,288
Intangible fixed assets--€79,110-
Financial fixed assets---€12,500
€19,500€18,671€1,814€1,522

Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)

Insights on MATERIAL

The operating result for 2025 is 65% lower than in 2024 and the lowest since 2018.

Debt's share of the balance-sheet total rises from 7.1% to 48.7%. Equity is lower and debt is higher.

Board & ownership

Board

1 director
LAVAL CHRISTIAN HANS
Director
since 01-12-2017
listed in the 2025 annual accounts, filed on 29-04-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 17-01-2024

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
LAVAL CHRISTIAN HANS
Director
Board
Mandates as a list
  • LAVAL CHRISTIAN HANS
    • Director, from 01-12-2017 to date

See the board, name and registered office on a given date →

Control

Shareholder in 2014
99.97%
This company
MATERIAL
Equity €200,795
Profit €30,431 in 2025

Capital

Contribution
€18,550
Source
deed of 17-01-2024

Owners through the years

as the annual accounts name them
Owners as a list

Source: lists of holdings in the owners' accounts

Articles of association

deed of 17-01-2024 (in French)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
At least 1 director
Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
“Prix mentionné notification initiale ou,prix contesté,fixé par expert choisi commun accord ou président du tribunal de l'entreprise statuant…”
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Friday of February at 10:00

Network & group

No group

MATERIAL has no parent and no holdings in its annual accounts. LAVAL CHRISTIAN HANS is the only director. MATERIAL shares no director with another company.

At the same address

Drève Richelle 161M, 1410 Waterloo · 26 other companies
INTEGRATED SOLUTIONS ENTERPRISE EUROPE
registered office since 16-09-2005 · founded in 2005
2.1 FTE (2025)
0875.180.421
INTERPART IMPEX
registered office since 14-11-2014 · founded in 2014 · accounts filed late
total assets €4.3m (2024)
0567.803.950
HANALEI
establishment since 01-02-2001 · founded in 2000
3.7 FTE (2026)
0473.604.181
HepaVue Dx
registered office since 23-06-2023 · founded in 2023
total assets €3.7m (2025)
0803.100.414
LES AMIS DE LA GERIATRIE
establishment since 04-01-2021 · founded in 2021 · accounts filed late
19 FTE (2023)
0760.780.304
TRAVELSAFE
establishment since 04-08-2016 · founded in 2016
0.4 FTE (2025)
0660.700.256
KEY CONTRACTING
establishment since 05-10-2021 · founded in 2021
total assets €664,208 (2025)
0768.249.896
PROPRISM
establishment since 09-06-2015 · founded in 2015
2.7 FTE (2025)
0631.864.433
RESO PARTNER
registered office since 20-04-2016 · founded in 2016
total assets €471,552 (2025)
0652.695.380
ENERGIEBEL
registered office since 01-06-1990 · founded in 1990 · accounts filed late
total assets €429,898 (2024)
0441.893.101
and 16 more

Timeline

Timeline

48 events since 1990

Deadline for the 2026 accounts: 30-04-2027

2026
Annual accounts 2025 filed PDFmicro format · 1 day before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0441184209
Annual accounts 2024 filed PDFmicro format · 30 days before the deadline
2024
Annual accounts 2023 filed PDFmicro format · on the deadline day
Amendment of the articles · Legal-form change · Resignations & appointmentsBoard composition: LAVAL Christian Hans Julius (director)2 points ▸
  • 3,250 shares
  • Board composition, LAVAL Christian Hans Julius (director)
  • The deed holds 5 more points.

Open the deed in the Belgian Official Gazette

2023
Annual accounts 2022 filed PDFmicro format · 16 days before the deadline
2022
Liquidity more than doubled current ratio 11.49 The current ratio rises from 4.87 to 11.49. Short-term debt falls from €59,516 to €36,731.
Annual accounts 2021 filed PDFmicro format · 57 days before the deadline
2021
Equity above €200,000 equity €239,559 ▲92.1% After 5 profitable years in a row, equity reaches €239,559.
Annual accounts 2020 filed PDFabbreviated format · on the deadline day
Registered office moved from Brussels to WaterlooNew registered office: Drève Richelle 161 M Bte 57 à 1410 Waterloo · Previous registered office: Rue des Chartreux 11, 1000 Bruxelles · Board meeting of 01-03-20212 points ▸
  • Board meeting, 01-03-2021
  • Registered-office move, Drève Richelle 161 M Bte 57 à 1410 Waterloo

Open the deed in the Belgian Official Gazette

2020
Liquidity more than doubled current ratio 6.99 The current ratio rises from 2.85 to 6.99. Short-term debt falls from €49,526 to €20,391.
Annual accounts 2019 filed PDFfull format · 22 days before the deadline
2019
Annual accounts 2018 filed PDFabbreviated format · 33 days before the deadline
2018
Annual accounts 2017 filed PDFfull format · 10 days before the deadline
2017
Back to profit net €17,750 The net result is €17,750, after one loss-making year.
Annual accounts 2016 filed PDFabbreviated format · 40 days before the deadline
2016
Annual accounts 2015 filed PDFabbreviated format · 12 days before the deadline
2015
Back to profit net €13,209 The net result is €13,209, after one loss-making year.
Annual accounts 2014 filed PDFabbreviated format · 23 days before the deadline
2014
Liquidity more than 11 times current ratio 18.09 The current ratio rises from 1.52 to 18.09. Short-term debt falls from €271,916 to €4,308.
Annual accounts 2013 filed PDFabbreviated format · on the deadline day
2013
Highest result from 2006 to 2025 net €271,775 ▲49.9% The operating result of €278,191 and the net result of €271,775 are both a record.
2012
Annual accounts 2011 filed PDFabbreviated format · 26 days before the deadline
2011
Annual accounts 2010 filed PDFabbreviated format · 34 days before the deadline
2010
Annual accounts 2009 filed PDFabbreviated format · 31 days late
Annual accounts 2008 filed PDFabbreviated format · 186 days late
2009
Equity above €100,000 equity €101,313 ▲39% After 2 profitable years in a row, equity reaches €101,313.
2008
Back to profit net €21,747 The net result is €21,747, after 2 loss-making years.
Annual accounts 2007 filed PDFabbreviated format · 26 days late
2007
Annual accounts 2006 filed PDFabbreviated format · 30 days late
2006
Annual accounts 2005 filed PDFabbreviated format
2005
Annual accounts 2004 filed PDFabbreviated format
2004
Annual accounts 2003 filed PDFabbreviated format
2003
Annual accounts 2002 filed PDFabbreviated format
2002
Annual accounts 2001 filed PDFabbreviated format
2001
Annual accounts 2000 filed PDFabbreviated format
Annual accounts 1999 filed PDFabbreviated format
2000
Annual accounts 1998 filed PDFabbreviated format
1998
Annual accounts 1997 filed PDFabbreviated format
1997
Annual accounts 1996 filed PDFabbreviated format
1996
Annual accounts 1995 filed PDFabbreviated format
1995
Annual accounts 1994 filed PDFabbreviated format
1994
Annual accounts 1993 filed PDFabbreviated format
1993
Annual accounts 1992 filed PDFabbreviated format
1992
Annual accounts 1991 filed PDFabbreviated format
1990
First establishment Drève Richelle 161M, Waterloo
Incorporation published on 26-07-1990

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

MATERIAL was incorporated on 28 June 1990.1 The registered office was moved to Waterloo in 2021.2 Total assets rose from €143,156 in 2019 to €391,710 in 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 29-03-2021
  3. 3National Bank, annual accounts 2019 and 2025

Company details

Identity

Enterprise number
0441.184.209
VAT number
BE 0441.184.209
Peppol ID
0208:0441184209
Other Peppol ID
9925:BE0441184209
Legal form
Private limited company
Status
Active, normal situation
Founded
28-06-1990
Financial year
ends on 30 September
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Friday of February at 10:00
deed of 17-01-2024 (in French)
Peppol
Reachable since 15-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
MATERIAL in French
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 17-01-2024 (in French)

Activities

NACEBEL 2025
Codes under NACEBEL 2008
71121 Engineering activities main activity
Codes under NACEBEL 2003
74203 main activity

Registered office and establishments

1 establishment
Establishment Since Unit number
Drève Richelle 161M registered office 1410 Waterloo 29-08-1990 2.050.146.072
1 former office
  • Rue des Chartreux 11, 1000 Bruxelles until 01-03-2021 · deed of 29-03-2021

Buildings and parcels at the address

Ground area
4,633 m²
Buildings
788 m²
Volume, LiDAR
12,397 m³
Tallest building
18.1 m
Buildings to scale, each on its own parcel
788 m², 18.1 m 788 m², 18.1 m

Location

registered office establishment The establishment unit on the map
27 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
25763M0600/00R0004,633 m² 1 · 788 m² 18.1 m · 5