Materials Consult
ActiveSummary
Materials Consult has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €58,956 and a net result of €7,710. Equity is growing by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 19% of 11620 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability72▲+12
Solvency43▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity short (current ratio 0.8 against 1.13 in 2023; short-term debt: 12% and cash: 3% of total assets), and 82.5% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
17.5%
Return on assets
2.3%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 11620 sector peers (2024).
NBB · sector comparisonPosition among 11620 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-06-2025, 42 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
42 d early
2023
29 d early
2022
49 d early
2021
39 d early
2020
9 d late
2019
13 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 23 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€58,956▲ 15.0%
2023 · €51,246
Total assets
€336,613▼ 9.6%
2023 · €372,164
Net result
€7,710▲ 265%
2023 · €2,112
Working capital
-€7,965
2023 · €6,281
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, 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
Line20202021202220232024
Operating result-€15,858€16,402€377▼ 97.7%€8,754▲ 2,221%€15,450▲ 76.5%
Net result-€15,870below the sector's middle half€11,659within the sector's middle half-€3,632below the sector's middle half€2,112within the sector's middle half€7,710within the sector's middle half▲ 265%
Equity€41,107within the sector's middle half▼ 27.9%€52,766within the sector's middle half▲ 28.4%€49,134within the sector's middle half▼ 6.9%€51,246within the sector's middle half▲ 4.3%€58,956within the sector's middle half▲ 15.0%
Total assets€364,012above the sector's middle half▲ 378%€369,223above the sector's middle half▲ 1.4%€357,059above the sector's middle half▼ 3.3%€372,164above the sector's middle half▲ 4.2%€336,613above the sector's middle half▼ 9.6%
Debt€322,905▲ 1,588%€316,458▼ 2.0%€307,926▼ 2.7%€320,918▲ 4.2%€277,657▼ 13.5%
Working capital€17,984within the sector's middle half▼ 68.1%€18,953within the sector's middle half▲ 5.4%€5,605below the sector's middle half▼ 70.4%€6,281within the sector's middle half▲ 12.1%-€7,965below the sector's middle half
Solvency11.3%below the sector's middle half▼ 63.6pp14.3%below the sector's middle half▲ 3.0pp13.8%below the sector's middle half▼ 0.5pp13.8%below the sector's middle half=17.5%below the sector's middle half▲ 3.7pp
Current ratio1.44within the sector's middle half▼ 2.511.48within the sector's middle half▲ 0.051.20within the sector's middle half▼ 0.281.13below the sector's middle half▼ 0.070.80below the sector's middle half▼ 0.33
Return on assets (ROA)-4.4%below the sector's middle half▼ 29.6pp3.2%within the sector's middle half▲ 7.5pp-1.0%below the sector's middle half▼ 4.2pp0.6%below the sector's middle half▲ 1.6pp2.3%within the sector's middle half▲ 1.7pp
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, 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
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 76% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €336,613
Fixed assets
€304,342 ▼ 3.9%
Current assets
€32,271 ▼ 41.7%
Equity and liabilities €336,613
Equity
€58,956 ▲ 15.0%
Debt
€277,657 ▼ 13.5%
Debt's share of the balance-sheet total falls from 86.2% to 82.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€27,901▲
2023 · €22,046
Cash flow
€20,160▲
2023 · €15,404
Debt to equity
4.71▼
2023 · 6.26
ROE
13.1%▲
2023 · 4.1%
Interest coverage
6.85▲
2023 · 4.89
Debt ≤ 1 year
€40,236▼
2023 · €49,090
Debt > 1 year
€237,421▼
2023 · €259,828
Income taxes
€3,684▲
2023 · €2,147
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,980 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 96% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.1%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
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 3,980 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,701 | €10,615 | €12,057 | €13,292 | €12,450 | ▼ 6.3% |
| Other operating charges640/8 | - | €2,353 | €2,216 | €2,429 | €2,495 | ▲ 2.7% |
| Gross operating margin9900 | €22,603 | €29,370 | €14,650 | €24,475 | €30,395 | ▲ 24.2% |
| Operating profit (loss)9901 | -€15,858 | €16,402 | €377 | €8,754 | €15,450 | ▲ 76.5% |
| Financial income75/76B | - | - | - | €10 | €19 | ▲ 94.2% |
| Recurring financial income75 | €884 | - | - | €10 | €19 | ▲ 94.2% |
| Financial charges65/66B | - | €3,927 | €3,798 | €4,505 | €4,075 | ▼ 9.5% |
| Recurring financial charges65 | €708 | €3,927 | €3,798 | €4,505 | €4,075 | ▼ 9.5% |
| Profit (loss) for the period before taxes9903 | -€15,682 | €12,475 | -€3,421 | €4,259 | €11,394 | ▲ 168% |
| Income taxes67/77 | €188 | €816 | €211 | €2,147 | €3,684 | ▲ 71.6% |
| Profit (loss) for the period9904 | -€15,870 | €11,659 | -€3,632 | €2,112 | €7,710 | ▲ 265% |
| Profit (loss) for the period to be appropriated9905 | -€15,870 | €11,659 | -€3,632 | €2,112 | €7,710 | ▲ 265% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €364,012 | €369,223 | €357,059 | €372,164 | €336,613 | ▼ 9.6% |
| Fixed assets21/28 | €304,838 | €311,096 | €323,436 | €316,793 | €304,342 | ▼ 3.9% |
| Tangible fixed assets22/27 | €304,838 | €311,096 | €323,436 | €316,793 | €304,342 | ▼ 3.9% |
| Land and buildings22 | - | €306,816 | €321,136 | €314,306 | €303,275 | ▼ 3.5% |
| Plant, machinery and equipment23 | - | €483 | €117 | €1,919 | €1,068 | ▼ 44.4% |
| Furniture and vehicles24 | - | €3,796 | €2,182 | €568 | - | - |
| Current assets29/58 | €59,175 | €58,128 | €33,624 | €55,371 | €32,271 | ▼ 41.7% |
| Amounts receivable within one year40/41 | €29,665 | €30,346 | €12,351 | €12,130 | €22,039 | ▲ 81.7% |
| Trade receivables40 | - | €30,346 | €12,351 | €12,130 | €22,039 | ▲ 81.7% |
| Cash at bank and in hand54/58 | €29,510 | €27,781 | €21,273 | €43,242 | €10,232 | ▼ 76.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €364,012 | €369,223 | €357,059 | €372,164 | €336,613 | ▼ 9.6% |
| Equity10/15 | €41,107 | €52,766 | €49,134 | €51,246 | €58,956 | ▲ 15.0% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €22,507 | €34,166 | €30,534 | €32,646 | €40,356 | ▲ 23.6% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €32,306 | €28,674 | €30,786 | €38,496 | ▲ 25.0% |
| Amounts payable17/49 | €322,905 | €316,458 | €307,926 | €320,918 | €277,657 | ▼ 13.5% |
| Amounts payable after more than one year17 | €281,715 | €277,283 | €279,907 | €259,828 | €237,421 | ▼ 8.6% |
| Financial debts170/4 | - | €277,283 | €279,907 | €259,828 | €237,421 | ▼ 8.6% |
| Amounts payable within one year42/48 | €41,191 | €39,175 | €28,019 | €49,090 | €40,236 | ▼ 18.0% |
| Current portion of amounts payable after more than one year42 | - | €19,431 | €19,678 | €22,077 | €22,406 | ▲ 1.5% |
| Trade debts44 | €10,811 | €6,426 | €5,323 | €11,134 | €5,482 | ▼ 50.8% |
| Suppliers440/4 | - | €6,426 | €5,323 | €11,134 | €5,482 | ▼ 50.8% |
| Taxes, remuneration and social security45 | - | €7,146 | €1,283 | €15,865 | €10,056 | ▼ 36.6% |
| Taxes450/3 | - | €7,146 | €1,283 | €15,865 | €10,056 | ▼ 36.6% |
| Other amounts payable47/48 | - | €6,171 | €1,735 | €14 | €2,291 | ▲ 15,735% |
| Accrued charges and deferred income492/3 | - | - | - | €12,000 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€15,870 | €11,659 | -€3,632 | €2,112 | €7,710 | ▲ 265% |
| + Depreciation and write-downs630 | €1,701 | €10,615 | €12,057 | €13,292 | €12,450 | ▼ 6.3% |
| Operating cash flow (approximation) | -€14,169 | €22,274 | €8,425 | €15,404 | €20,160 | ▲ 30.9% |
| Investment in fixed assets (approximation) | - | -€16,873 | -€24,397 | -€6,649 | €0 | ▲ 100% |
| Change in cash | - | -€1,728 | -€6,509 | €21,969 | -€33,010 | ▼ 250% |
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
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €2,112
Net result €2,112 after one loss-making year.
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €11,659
Net result €11,659 after one loss-making year.
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
2020
31-12
Financial
Weakest financial yearnet -€15,870
Net result drops to -€15,870, the lowest in the series; recovery starts the following year.
13-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 13 days late
2019
31-12
Financial
Back to profitnet €19,225
Net result €19,225 after one loss-making year.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Boutersem · 1 establishment unit since 2006
Ground area
1,558 m²
Building footprint
846 m²
Volume, LiDAR
3,906 m³
Parcel 24049A0258/00G000, Flanders · tallest building 11.1 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
"Materials Consult" en "B-FORCE"
since 20062.152.232.238
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24049A0258/00G000 | Flanders | 1,558 m² | 1 · 846 m² | 11.1 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 11,577 companies in sector 71121 we hold annual accounts for 6,570. 5,004 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 (pre-2019)
Founded12-01-2006
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
77399Renting and leasing of other machinery, equipment and tangible goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0878593930
Also
9925:BE0878593930
Registered
30-07-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.