Summary
Materialex is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €145,905 and a net result of €26,338. Equity is growing by ~26.6% per year across the filed fiscal years. Its solvency ranks better than 95% of 2460 sector peers (fiscal year 2025). The company has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
25 d late
2024
30 d late
2023
34 d early
2022
83 d early
2021
31 d early
2020
17 d early
2019
22 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 19 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#3 oldest company in Kortenberg, Finance and insurance sector
Equity
€145,905▲ 22.0%
2024 · €119,567
Net result
€26,338▼ 34.2%
2024 · €40,002
Total assets
€146,753▼ 46.3%
2024 · €273,303
Solvency
99.4%▲ 55.7pp
2024 · 43.7%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, 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
Line20212022202320242025
Operating result€19,633▼ 19.2%€52,341▲ 167%€25,999▼ 50.3%€61,851▲ 138%€42,070▼ 32.0%
Net result€11,571within the sector's middle half▼ 20.7%€34,497within the sector's middle half▲ 198%€13,964within the sector's middle half▼ 59.5%€40,002within the sector's middle half▲ 186%€26,338within the sector's middle half▼ 34.2%
Equity€58,070within the sector's middle half▲ 24.9%€92,567within the sector's middle half▲ 59.4%€106,531within the sector's middle half▲ 15.1%€119,567within the sector's middle half▲ 12.2%€145,905within the sector's middle half▲ 22.0%
Total assets€118,536below the sector's middle half▲ 54.8%€181,822within the sector's middle half▲ 53.4%€146,152within the sector's middle half▼ 19.6%€273,303within the sector's middle half▲ 87.0%€146,753within the sector's middle half▼ 46.3%
Debt€60,465▲ 101%€89,255▲ 47.6%€39,621▼ 55.6%€153,737▲ 288%€848▼ 99.4%
Working capital€29,856▲ 73.1%€59,026▲ 97.7%€81,315▲ 37.8%€96,311▲ 18.4%€122,145▲ 26.8%
Solvency49.0%within the sector's middle half▼ 11.7pp50.9%within the sector's middle half▲ 1.9pp72.9%within the sector's middle half▲ 22.0pp43.7%within the sector's middle half▼ 29.1pp99.4%above the sector's middle half▲ 55.7pp
above
within
below
the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 32% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €146,753
Fixed assets
€23,759 ▼ 0.9%
Current assets
€122,994 ▼ 50.7%
Equity and liabilities €146,753
Equity
€145,905 ▲ 22.0%
Debt
€848 ▼ 99.4%
Debt's share of the balance-sheet total falls from 56.3% to 0.6%. Equity is higher and debt is lower.
Key figures and ratios
ROE
18.1%▼
2024 · 33.5%
ROA
17.9%▲
2024 · 14.6%
Debt ≤ 1 year
€848▼
2024 · €153,016
Income taxes
€15,000▼
2024 · €20,000
A ratio outside any meaningful range has been withheld (balance sheet total €146,753, equity €145,905).
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €1,989 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,366 | €7,143 | €5,748 | €4,898 | €3,766 | ▼ 23.1% |
| Other operating charges640/8 | €1,419 | €963 | €1,339 | €901 | €1,011 | ▲ 12.2% |
| Non-recurring operating charges66A | - | €872 | €1,834 | €0 | - | - |
| Gross operating margin9900 | €26,418 | €61,320 | €34,920 | €67,651 | €46,848 | ▼ 30.7% |
| Operating profit (loss)9901 | €19,633 | €52,341 | €25,999 | €61,851 | €42,070 | ▼ 32.0% |
| Financial income75/76B | - | €0 | €232 | €1,266 | €1,010 | ▼ 20.3% |
| Recurring financial income75 | - | €0 | €232 | €1,266 | €1,010 | ▼ 20.3% |
| Financial charges65/66B | €114 | €115 | €2,635 | €3,115 | €1,742 | ▼ 44.1% |
| Recurring financial charges65 | €114 | €115 | €2,635 | €3,115 | €1,742 | ▼ 44.1% |
| Profit (loss) for the period before taxes9903 | €19,519 | €52,226 | €23,597 | €60,002 | €41,338 | ▼ 31.1% |
| Income taxes67/77 | €7,948 | €17,729 | €9,633 | €20,000 | €15,000 | ▼ 25.0% |
| Profit (loss) for the period9904 | €11,571 | €34,497 | €13,964 | €40,002 | €26,338 | ▼ 34.2% |
| Profit (loss) for the period to be appropriated9905 | €11,571 | €34,497 | €13,964 | €40,002 | €26,338 | ▼ 34.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €118,536 | €181,822 | €146,152 | €273,303 | €146,753 | ▼ 46.3% |
| Fixed assets21/28 | €28,214 | €33,541 | €25,216 | €23,976 | €23,759 | ▼ 0.9% |
| Tangible fixed assets22/27 | €28,214 | €33,541 | €25,216 | €23,976 | €23,759 | ▼ 0.9% |
| Land and buildings22 | €3,709 | €4,003 | €3,487 | €2,970 | €2,454 | ▼ 17.4% |
| Plant, machinery and equipment23 | €17,210 | €24,040 | €19,386 | €15,975 | €13,384 | ▼ 16.2% |
| Furniture and vehicles24 | €7,295 | €5,498 | €2,344 | €5,031 | €7,921 | ▲ 57.5% |
| Current assets29/58 | €90,321 | €148,281 | €120,936 | €249,327 | €122,994 | ▼ 50.7% |
| Amounts receivable within one year40/41 | €47,978 | €68,751 | €64,886 | €138,534 | €26,034 | ▼ 81.2% |
| Trade receivables40 | €11,502 | €15,414 | €850 | €77,643 | €3,617 | ▼ 95.3% |
| Other amounts receivable41 | €36,476 | €53,337 | €64,036 | €60,891 | €22,417 | ▼ 63.2% |
| Current investments50/53 | - | - | - | - | €15,000 | - |
| Cash at bank and in hand54/58 | €41,216 | €78,771 | €54,696 | €110,793 | €81,960 | ▼ 26.0% |
| Deferred charges and accrued income490/1 | €1,128 | €758 | €1,354 | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €118,536 | €181,822 | €146,152 | €273,303 | €146,753 | ▼ 46.3% |
| Equity10/15 | €58,070 | €92,567 | €106,531 | €119,567 | €145,905 | ▲ 22.0% |
| Contributions10/11 | €14,874 | €14,874 | €14,874 | €14,874 | €14,874 | = |
| Reserves13 | €43,197 | €77,693 | €91,657 | €104,693 | €131,248 | ▲ 25.4% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €41,337 | €75,833 | €91,657 | €104,693 | €131,248 | ▲ 25.4% |
| Profit (loss) carried forward14 | - | - | - | €0 | -€217 | - |
| Amounts payable17/49 | €60,465 | €89,255 | €39,621 | €153,737 | €848 | ▼ 99.4% |
| Amounts payable within one year42/48 | €60,465 | €89,255 | €39,621 | €153,016 | €848 | ▼ 99.4% |
| Trade debts44 | €1,010 | €81 | €613 | €688 | €848 | ▲ 23.3% |
| Suppliers440/4 | €1,010 | €81 | €613 | €688 | €848 | ▲ 23.3% |
| Advances received on contracts in progress46 | €49,050 | €86,785 | €38,275 | €112,734 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €10,405 | €2,389 | €733 | €12,628 | €0 | ▼ 100% |
| Taxes450/3 | €10,405 | €2,389 | €733 | €12,628 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €26,966 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | - | €721 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,571 | €34,497 | €13,964 | €40,002 | €26,338 | ▼ 34.2% |
| + Depreciation and write-downs630 | €5,366 | €7,143 | €5,748 | €4,898 | €3,766 | ▼ 23.1% |
| Operating cash flow (approximation) | €16,937 | €41,640 | €19,712 | €44,900 | €30,104 | ▼ 33.0% |
| Investment in fixed assets (approximation) | - | -€12,470 | €2,577 | -€3,658 | -€3,550 | ▲ 3.0% |
| Change in cash | - | €37,556 | -€24,075 | €56,097 | -€28,833 | ▼ 151% |
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
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
31-12
Financial
Liquidity times 89current ratio 144.98
Current ratio from 1.63 to 144.98; short-term debt falls from €153,016 to €848.
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
31-12
Financial
Highest result since 2018net €40,002 ▲186%
Operating result €61,851, net result €40,002, both a record.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100,000Eq €106,531 ▲15.1%
6 profitable years in a row build equity to €106,531.
09-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €2,735 ▼80%
Net result drops to €2,735, the lowest in the series; recovery starts the following year.
13-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Kortenberg · 1 establishment unit since 1992
Ground area
786 m²
Building footprint
163 m²
Volume, LiDAR
613 m³
Parcel 24025E0156/00P000, Flanders · tallest building 6.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
MATERIALEX BVBA
since 19922.057.598.444
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24025E0156/00P000 | Flanders | 786 m² | 1 · 163 m² | 6.6 m · 1 fl. |
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 853 companies in sector 66210 we hold annual accounts for 511. 443 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
Founded18-03-1992
Fiscal year end31-12
Activities, NACEBEL 2025
66210Risk and damage evaluation
71121Engineering and related technical consultancy, excluding land surveyors
71209Other technical testing and analysis
74999Other professional, scientific and technical activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0446959271
Also
9925:BE0446959271
Registered
10-10-2024
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.