Equity
MATERIAL paid out €307,500 in dividends. That is 1,010% of the 2025 profit.
MATERIAL paid out €307,500 in dividends. That is 1,010% of the 2025 profit.
The result fell in 2025 from €87,406 to €30,431.
Debts rose by €154,654 in 2025. A dividend stands under other debts on the balance sheet date until it is paid.
Short-term debts rose from €36,261 to €190,915.
The last five annual accounts were filed 0 to 57 days before the end of the period.
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).
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).
In July 2024, 31,368 companies had the same profile as MATERIAL has now. Each dot stands for 79 companies, two years later.
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.
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.
| 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.
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.
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.
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.
| 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.
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.
The turnover shown is an estimate from the gross margin.
Turnover ≈ €130,000. Estimated: probably between €100,000 and €180,000.
Higher than 47% of 11,794 companies in 2025.
Higher than 41% of 11,521 companies in 2025.
Higher than 41% of 11,605 companies in 2025.
Net result: middle half · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||||
20/58 |
391,710 | 514,125 | 465,514 | 443,764 | 299,075 | 145,093 | 143,156 | 88,193 | 138,579 | 103,840 | 113,950 | 80,032 | 417,089 | 330,096 | 343,231 | 257,432 | 266,260 | 191,151 | 211,847 | |
21/28 |
73,896 | 93,396 | 99,719 | 21,668 | 9,402 | 2,639 | 1,812 | 2,449 | 1,507 | 2,643 | 2,843 | 2,115 | 3,944 | 2,282 | 1,498 | 6,607 | 15,110 | 26,194 | 34,651 | |
21 |
46,924 | 62,746 | 78,568 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
22/27 |
13,340 | 17,018 | 7,520 | 8,037 | 8,270 | 1,508 | 681 | 1,318 | 376 | 1,512 | 1,711 | 984 | 2,813 | 1,514 | 730 | 5,838 | 14,341 | 25,552 | 34,009 | |
23 |
4,184 | 4,891 | 5,598 | 6,305 | 7,012 | - | - | - | - | - | - | - | - | - | - | - | 2,665 | 7,395 | 9,093 | |
24 |
9,156 | 12,127 | 1,922 | 1,732 | 1,259 | 1,508 | 681 | 1,318 | 376 | 1,512 | 1,711 | 984 | 2,813 | 1,514 | 730 | 5,838 | 11,677 | 17,515 | 23,514 | |
26 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 642 | 1,402 | |
28 |
13,631 | 13,631 | 13,631 | 13,631 | 1,131 | 1,131 | 1,131 | 1,131 | 1,131 | 1,131 | 1,131 | 1,131 | 1,131 | 768 | 768 | 768 | 768 | 642 | 642 | |
29/58 |
317,814 | 420,729 | 365,795 | 422,096 | 289,673 | 142,454 | 141,343 | 85,744 | 137,072 | 101,197 | 111,107 | 77,918 | 413,145 | 327,814 | 341,732 | 250,825 | 251,150 | 164,957 | 177,196 | |
40/41 |
22,892 | 232,634 | 179,298 | 14,163 | 17,298 | 10,299 | 42,159 | 14,774 | 8,320 | 65,538 | 21,981 | 41,939 | 142,518 | 110,955 | 254,370 | 179,796 | 232,066 | 135,796 | 97,043 | |
40 |
20,972 | 91,755 | 1,924 | 11,014 | 6,748 | 3,363 | 37,963 | 13,985 | 4,680 | 65,081 | 21,091 | 41,371 | 5,978 | 15,313 | 45,320 | 13,376 | 134,819 | 65,787 | 10,749 | |
41 |
1,920 | 140,879 | 177,374 | 3,149 | 10,550 | 6,936 | 4,196 | 789 | 3,640 | 457 | 890 | 568 | 136,541 | 95,642 | 209,050 | 166,419 | 97,247 | 70,009 | 86,294 | |
50/53 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 9,154 | 8,284 | 8,284 | 8,284 | |
54/58 |
294,224 | 186,098 | 186,182 | 407,515 | 271,479 | 131,516 | 98,590 | 70,729 | 128,658 | 34,238 | 87,705 | 35,606 | 269,862 | 216,155 | 87,363 | 61,875 | 7,209 | 18,294 | 25,079 | |
490/1 |
698 | 1,997 | 315 | 418 | 896 | 639 | 594 | 240 | 93 | 1,421 | 1,421 | 372 | 765 | 704 | - | - | 3,591 | 2,583 | 46,790 | |
| Balance sheet: equity and liabilities | ||||||||||||||||||||
10/49 |
391,710 | 514,125 | 465,514 | 443,764 | 299,075 | 145,093 | 143,156 | 88,193 | 138,579 | 103,840 | 113,950 | 80,032 | 417,089 | 330,096 | 343,231 | 257,432 | 266,260 | 191,151 | 211,847 | |
10/15 |
200,795 | 477,864 | 437,458 | 407,033 | 239,559 | 124,702 | 93,630 | 37,644 | 98,452 | 80,702 | 88,933 | 75,724 | 145,173 | 133,398 | 117,079 | 101,313 | 72,889 | 51,142 | 79,376 | |
10/11 |
18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 80,565 | 80,565 | 80,565 | 80,565 | 80,565 | 80,565 | 80,565 | 80,565 | 80,565 | 80,565 | 80,565 | |
100 |
- | - | - | - | - | - | 18,550 | 18,550 | 80,565 | 80,565 | 80,565 | 80,565 | 80,565 | 80,565 | 80,565 | 80,565 | 80,565 | 80,565 | 80,565 | |
13 |
180,557 | 455,557 | 417,557 | 388,386 | 220,886 | 94,886 | 64,886 | 17,886 | 17,886 | 8,057 | 8,057 | 8,057 | 64,457 | 52,457 | 36,457 | 19,455 | 49,370 | 49,370 | 49,370 | |
130/1 |
8,057 | 8,057 | 417,557 | 362,557 | 195,057 | 85,057 | 47,000 | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 8,057 | 8,057 | 8,057 | 8,057 | 8,057 | 8,057 | 8,057 | 8,057 | 8,057 | 3,099 | 3,099 | 3,099 | 3,099 | |
1311 |
8,057 | 8,057 | 417,557 | 362,557 | 195,057 | 85,057 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
1319 |
- | - | - | - | - | - | 47,000 | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
172,500 | 447,500 | 0 | 25,830 | 25,830 | 9,830 | 9,830 | 9,830 | 9,830 | - | - | - | 56,400 | 44,400 | 28,400 | 16,357 | 46,271 | 46,271 | 46,271 | |
14 |
1,688 | 3,757 | 1,351 | 97 | 123 | 11,266 | 10,194 | 1,207 | - | -7,920 | 311 | -12,898 | 151 | 376 | 57 | 1,292 | -57,047 | -78,793 | -50,559 | |
17/49 |
190,915 | 36,261 | 28,056 | 36,731 | 59,516 | 20,391 | 49,526 | 50,550 | 40,127 | 23,139 | 25,017 | 4,308 | 271,916 | 196,698 | 226,152 | 156,119 | 193,371 | 140,009 | 132,471 | |
17 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 5,865 | 11,425 | 54,774 | 45,603 | |
170/4 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 5,865 | 11,425 | 54,774 | 45,603 | |
42/48 |
190,915 | 36,261 | 28,056 | 36,731 | 59,516 | 20,391 | 49,526 | 37,121 | 40,127 | 21,877 | 25,017 | 4,308 | 271,916 | 196,698 | 226,152 | 150,253 | 181,946 | 85,235 | 86,868 | |
42 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 5,559 | 5,269 | 4,991 | - | |
43 |
4,370 | 1,723 | - | 2,958 | 6,821 | 0 | 663 | 3,259 | 3,306 | - | - | - | - | - | - | - | - | 106 | 3,646 | |
430/8 |
4,370 | 1,723 | - | 2,958 | 6,821 | 0 | 663 | 3,259 | 3,306 | - | - | - | - | - | - | - | - | 106 | 3,646 | |
44 |
9,133 | 14,545 | 7,030 | 7,759 | 27,756 | 15,252 | 36,166 | 2,635 | 21,778 | 9,138 | 13,721 | 1,308 | 6,216 | 20,890 | 15,188 | 72,694 | 140,820 | 78,446 | 60,146 | |
440/4 |
9,133 | 14,545 | 7,030 | 7,759 | 27,756 | 15,252 | 36,166 | 2,635 | 21,778 | 9,138 | 13,721 | 1,308 | 6,216 | 20,890 | 15,188 | 72,694 | 140,820 | 78,446 | 60,146 | |
46 |
- | - | - | 0 | 11,175 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
45 |
24,038 | 16,499 | 5,233 | 18,582 | 10,715 | 4,581 | 3,803 | 8,469 | 14,054 | 1,835 | 4,372 | 3,000 | 5,700 | 4,953 | 7,025 | 36,000 | 35,857 | 1,692 | 23,076 | |
450/3 |
21,788 | 16,499 | 2,983 | 18,582 | 10,715 | 2,331 | 3,803 | 6,219 | 11,804 | 1,835 | 4,372 | 3,000 | 5,700 | 4,953 | 7,025 | 36,000 | 35,857 | 505 | 17,494 | |
454/9 |
2,250 | 0 | 2,250 | - | 0 | 2,250 | 0 | 2,250 | 2,250 | - | - | - | - | - | - | - | - | 1,187 | 5,582 | |
47/48 |
153,375 | 3,495 | 15,794 | 7,432 | 3,049 | 558 | 8,894 | 22,758 | 989 | 10,904 | 6,924 | - | 260,000 | 170,855 | 203,939 | 36,000 | - | - | - | |
492/3 |
- | - | - | - | - | - | 0 | 13,429 | - | 1,262 | - | - | - | - | - | - | - | - | - | |
| Income statement | ||||||||||||||||||||
9900 |
60,907 | 137,776 | 84,337 | 245,763 | 165,238 | 48,065 | 80,060 | 6,142 | 28,905 | -5,853 | 18,721 | -12,032 | 301,637 | 180,636 | 195,985 | 107,258 | 76,019 | 109,352 | 64,322 | |
62 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2,227 | 1,326 | 83,085 | 88,482 | |
630 |
19,500 | 18,671 | 1,814 | 1,522 | 770 | 1,180 | 637 | 969 | 1,136 | 1,326 | 1,554 | 2,269 | 4,376 | 766 | 365 | 8,503 | 11,210 | 12,309 | 11,567 | |
640/8 |
551 | 891 | 490 | 826 | 563 | 715 | 917 | 1,283 | 737 | 660 | 746 | 1,031 | 19,070 | 1,244 | 985 | 4,459 | 7,736 | 36,569 | 5,699 | |
66A |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 880 | 5,000 | - | - | - | |
9901 |
40,856 | 118,214 | 82,033 | 243,415 | 163,904 | 46,170 | 78,506 | 3,890 | 27,032 | -7,838 | 16,420 | -15,332 | 278,191 | 178,626 | 194,634 | 92,070 | 55,746 | -22,611 | -41,426 | |
75/76B |
5,713 | 6,923 | 6,196 | 338 | 82 | 0 | 1 | 155 | 137 | 121 | 1,196 | 3,320 | 3,241 | 2,599 | 11,070 | 8,978 | 30,813 | 12,479 | 13,924 | |
75 |
5,713 | 6,923 | 6,196 | 338 | 82 | 0 | 1 | 155 | 137 | 121 | 1,196 | 3,320 | 3,241 | 2,599 | 11,070 | 8,978 | 30,813 | 12,479 | 13,924 | |
65/66B |
1,860 | 832 | 1,292 | 1,313 | 1,216 | 1,498 | 824 | 1,968 | 570 | 517 | 1,402 | 715 | 4,445 | 2,149 | 3,648 | 6,999 | 34,809 | 20,862 | 5,617 | |
65 |
1,860 | 832 | 1,292 | 1,313 | 1,216 | 1,498 | 824 | 1,968 | 570 | 517 | 1,402 | 715 | 4,445 | 2,149 | 3,648 | 6,999 | 34,809 | 20,862 | 5,617 | |
9903 |
44,709 | 124,305 | 86,936 | 242,440 | 162,769 | 44,672 | 77,683 | 2,077 | 26,600 | -8,235 | 16,215 | -12,727 | 276,987 | 179,077 | 201,176 | 89,049 | 51,750 | -30,993 | -33,119 | |
67/77 |
14,278 | 36,899 | 30,733 | 74,966 | 47,912 | 13,600 | 21,696 | 870 | 8,850 | -3 | 3,006 | 322 | 5,213 | -2,243 | 5,410 | 24,625 | 30,003 | -2,759 | - | |
9904 |
30,431 | 87,406 | 56,203 | 167,474 | 114,857 | 31,072 | 55,986 | 1,207 | 17,750 | -8,231 | 13,209 | -13,049 | 271,775 | 181,319 | 195,766 | 64,424 | 21,747 | -28,235 | -33,119 | |
9905 |
30,431 | 87,406 | 56,203 | 167,474 | 114,857 | 31,072 | 55,986 | 1,207 | 17,750 | -8,231 | 13,209 | -13,049 | 271,775 | 181,319 | 195,766 | 64,424 | 21,747 | -28,235 | -33,119 | |
| Appropriation of the result | ||||||||||||||||||||
9906 |
34,188 | 88,757 | 56,351 | 167,597 | 126,123 | 41,266 | 57,194 | 1,207 | 9,830 | -7,920 | 311 | -12,898 | 272,151 | 181,376 | 197,058 | 7,378 | -57,047 | -78,793 | -50,559 | |
14P |
3,757 | 1,351 | 148 | 123 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
307,500 | 47,000 | 25,830 | - | - | - | - | - | - | - | - | 56,400 | - | - | - | 29,914 | - | - | - | |
691/2 |
32,500 | 85,000 | 55,000 | 167,500 | 126,000 | 30,000 | 47,000 | - | 9,830 | - | - | - | 12,000 | 16,000 | 17,001 | - | - | - | - | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 4,958 | - | - | - | - | |
6921 |
32,500 | 85,000 | 55,000 | 167,500 | 126,000 | 30,000 | 47,000 | - | 9,830 | - | - | - | 12,000 | 16,000 | 12,043 | - | - | - | - | |
694/7 |
307,500 | 47,000 | 25,830 | - | - | - | - | - | - | - | - | 56,400 | 260,000 | 165,000 | 180,000 | 36,000 | - | - | - | |
694 |
307,500 | 47,000 | 25,830 | - | - | - | - | - | - | - | - | 56,400 | - | - | - | - | - | - | - | |
695 |
- | - | - | - | - | - | - | - | - | - | - | - | 260,000 | 165,000 | 180,000 | 36,000 | - | - | - | |
| Social balance sheet | ||||||||||||||||||||
9087 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.5 | 1.5 | |
Hours worked1013 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2,294 | 2,706 | |
| Document | ||||||||||||||||||||
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.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 29-04-2026 | 2026-00098315 | |
| 30-09-2024 | micro format | 31-03-2025 | 2025-00060712 | |
| 30-09-2023 | micro format | 30-04-2024 | 2024-00079783 | |
| 30-09-2022 | micro format | 14-04-2023 | 2023-00060083 | |
| 30-09-2021 | micro format | 04-03-2022 | 2022-07100471 | |
| 30-09-2020 | abbreviated format | 30-04-2021 | 2021-12300577 | |
| 30-09-2019 | full format | 08-04-2020 | 2020-08800209 | |
| 30-09-2018 | abbreviated format | 28-03-2019 | 2019-08600274 | |
| 30-09-2017 | full format | 20-04-2018 | 2018-10200455 | |
| 30-09-2016 | abbreviated format | 21-03-2017 | 2017-07000510 | |
| 30-09-2015 | abbreviated format | 18-04-2016 | 2016-10200379 | |
| 30-09-2014 | abbreviated format | 07-04-2015 | 2015-09500193 | |
| 30-09-2013 | abbreviated format | 30-04-2014 | 2014-11400060 | |
| 31-12-2011 | abbreviated format | 05-07-2012 | 2012-26000391 | |
| 31-12-2010 | abbreviated format | 27-06-2011 | 2011-22400229 | |
| 31-12-2009 | abbreviated format | 31-08-2010 | 2010-51000493 | |
| 31-12-2008 | abbreviated format | 02-02-2010 | 2010-03500598 | |
| 31-12-2007 | abbreviated format | 26-08-2008 | 2008-65800360 | |
| 31-12-2006 | abbreviated format | 30-08-2007 | 2007-68700117 | |
| 31-12-2005 | abbreviated format | 28-08-2006 | 2006-68402650 | |
| 31-12-2004 | abbreviated format | 19-07-2005 | 2005-51602201 | |
| 31-12-2003 | abbreviated format | 29-07-2004 | 2004-53702887 | |
| 31-12-2002 | abbreviated format | 31-07-2003 | 2003-56104760 | |
| 31-12-2001 | abbreviated format | 08-07-2002 | 2002-35002766 | |
| 31-12-2000 | abbreviated format | 03-10-2001 | 2001-61402017 | |
| 31-12-1999 | abbreviated format | 04-01-2001 | 2001-00300506 | |
| 31-12-1998 | abbreviated format | 01-03-2000 | 2000-05001669 | |
| 31-12-1997 | abbreviated format | 01-10-1998 | 1998-50001608 | |
| 31-12-1996 | abbreviated format | 10-11-1997 | 1997-51902249 | |
| 31-12-1995 | abbreviated format | 17-06-1996 | 1996-17404180 | |
| 31-12-1994 | abbreviated format | 11-12-1995 | 1995-59404544 | |
| 31-12-1993 | abbreviated format | 17-06-1994 | 1994-16702590 | |
| 31-12-1992 | abbreviated format | 29-06-1993 | 1993-19503923 | |
| 31-12-1991 | abbreviated format | 10-08-1992 | 1992-27502685 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 60,356 | 136,885 | 83,847 | 244,936 | 164,674 | 47,350 | 79,143 | 4,859 | 28,168 | -6,512 | 17,975 | -13,063 | 282,568 | 179,392 | 194,999 | 100,573 | 66,956 | -10,302 | -29,859 | ||
| 49,931 | 106,077 | 58,017 | 168,996 | 115,627 | 32,252 | 56,623 | 2,176 | 18,886 | -6,905 | 14,763 | -10,780 | 276,151 | 182,085 | 196,131 | 72,927 | 32,957 | -15,926 | -21,552 | ||
| 0 | 12,348 | 79,865 | 13,788 | 7,532 | 2,007 | 0 | 1,912 | 0 | 1,126 | 2,282 | 439 | 6,038 | 1,549 | 1,095 | 0 | 126 | 3,852 | 33,513 | ||
| 108,126 | -84 | -221,333 | 136,036 | 139,964 | 32,925 | 27,861 | -57,929 | 94,421 | -53,467 | 52,098 | -234,255 | - | 128,793 | 25,487 | 54,667 | -11,085 | -6,785 | - | ||
| 126,899 | 384,468 | 337,739 | 385,365 | 230,158 | 122,063 | 91,818 | 48,623 | 96,945 | 79,320 | 86,090 | 73,609 | 141,229 | 131,116 | 115,581 | 100,571 | 69,204 | 79,722 | 90,328 | ||
| 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% | ||
| 1.66 | 11.60 | 13.04 | 11.49 | 4.87 | 6.99 | 2.85 | 2.31 | 3.42 | 4.63 | 4.44 | 18.09 | 1.52 | 1.67 | 1.51 | 1.67 | 1.38 | 1.94 | 2.04 | ||
| 0.95 | 0.08 | 0.06 | 0.09 | 0.25 | 0.16 | 0.53 | 1.34 | 0.41 | 0.29 | 0.28 | 0.06 | 1.87 | 1.47 | 1.93 | 1.54 | 2.65 | 2.74 | 1.67 | ||
| 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% | ||
| 32.45 | over 100 | 64.88 | over 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.
| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 |
|---|---|---|---|---|
| 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)
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.
Source: lists of holdings in the owners' accounts
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.
| 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 |
Deadline for the 2026 accounts: 30-04-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Drève Richelle 161M registered office 1410 Waterloo | 29-08-1990 | 2.050.146.072 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 25763M0600/00R000 | 4,633 m² | 1 · 788 m² | 18.1 m · 5 |
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