MATERRE · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of MATERRE is 0.4% (very low). The 2024 annual accounts show equity of €190k and a net result of €72k. Equity is growing by ~35.8% per year across the filed fiscal years. Its solvency ranks better than 76% of 12491 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 5 annual accounts.

Signals

3 signals · with evidence

Strong solvency vs sector

Solvency is in the sector's strongest quartile: better than 76% of 12491 peers (2024). A comfortable equity buffer.

View the sector comparison

Consistently profitable

Positive net result in the two most recent financial years (2023 and 2024).

View the result trend

Growing equity

Equity grew over 2022-2024. Profits are largely retained rather than distributed.

View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Deadline passed, not yet counted as missing

The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 29 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-07-2025, 14 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

How we compute the deadline

The year end is derived from 5 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	17-07-2025	14 d early	2025-00278717
31-12-2023	31-07-2024	10-07-2024	21 d early	2024-00227656
31-12-2022	31-07-2023	26-07-2023	5 d early	2023-00284455
31-12-2021	31-07-2022	31-08-2022	31 d late	2022-20366922
31-12-2020	31-07-2021	30-08-2021	30 d late	2021-56200376

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2020, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.4% Very low

0%0,5%1,5%4%10%≥25%

Lower-failure-rate sector −Young company +Annual accounts: healthy financial profile −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€72k+58.3%

Working capital€179k+18.4%

CSV export

Annual accounts & ratios

Source: NBB · 2024

Annual accounts filed on 17-07-2025 with the NBB · fiscal year 2024 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Gross margin: growth of ~19.6%/year over 5 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 70, Head offices & management consulting · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	77.2%	60.5%	better than 76% of 12491 sector peers
Net result	€72k	€31k	better than 78% of 12493 sector peers
Equity	€190k	€63k	better than 83% of 12499 sector peers
Gross operating margin	€100k	€52k	better than 76% of 12478 sector peers
Total assets	€247k	€124k	better than 74% of 12492 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P76

Improving position over 2020-2024 · n=1438-12491

Net result P78

Stable position over 2020-2024 · n=1438-12493

Equity P83

Improving position over 2020-2024 · n=1441-12499

Gross operating margin P76

Improving position over 2020-2024 · n=1436-12478

Describes the position versus peers, not a forecast.

EBITDA

€99k

+53.1% 20-24

Net profit

€72k

+58.3% 20-24

Cash flow

€80k

+51.1% 20-24

Total assets

€247k

+41.5% 20-24

Equity

€190k

+13.0% 20-24

Working capital

€179k

+18.4% 20-24

Income taxes

€20k

+63.3% 20-24

Dividends

€50k

- 20-24

Show 9 other metrics

Debt

€56k

+860.7% 20-24

Debt ≤ 1y

€56k

+860.7% 20-24

Current ratio

4.18

-84.4% 20-24

Quick ratio

4.18

-84.4% 20-24

Solvency

77.2%

-20.2% 20-24

Debt / equity

0.30

+750.5% 20-24

ROE

37.7%

+40.2% 20-24

ROA

29.1%

+11.9% 20-24

Interest coverage

310.39

-81.4% 20-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	micro
Revenue	-
EBITDA	€99k
Net profit	€72k
Cash flow	€80k
Staff costs	-
Income taxes	€20k
Dividends	€50k
Total assets	€247k
Equity	€190k
Debt	€56k
of which ≤ 1y	€56k
of which > 1y	-
Working capital	€179k
Employees (FTE)	-

Ratios (computed)

	2024
Current ratio	4.18
Quick ratio	4.18
Working capital ratio	72.6%
Solvency	77.2%
Debt / equity	0.30
Long-term debt ratio	-
Interest coverage	310.39
Gross margin	-
Net margin	-
ROA	29.1%
ROE	37.7%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €11k · 4.6% Current assets €235k · 95.4%

Equity & liabilities

Equity €190k · 77.2% Debt €56k · 22.9%

Full annual accounts (22 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€247k
Fixed assets	21/28	€11k
Tangible fixed assets	22/27	€11k
Current assets	29/58	€235k
Amounts receivable within one year	40/41	€55k
Cash & bank	54/58	€180k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€247k
Equity	10/15	€190k
Contributions / capital	10/11	€20k
Reserves	13	€170k
Accumulated profits (losses)	14	€354
Amounts payable	17/49	€56k
Amounts payable within one year	42/48	€56k
Trade debts payable within one year	44	€2k
Income statement
Gross operating margin	9900	€100k
Operating result	9901	€92k
Financial income	75	€406
Financial charges	65	€320
Result before taxes	9903	€92k
Income taxes	67/77	€20k
Net result for the period	9904	€72k
Result to be appropriated	9905	€72k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2024 · computed

100 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Ruitersstraat 89700 Oudenaarde

Establishment units

1 location

MATERRE

Ruitersstraat 8, 9700 OudenaardeFokken van huisdieren (met uitzondering van vissen)

since 20202.299.762.211

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area2,496 m²

Buildings1

Building footprint401 m²

Volume (LiDAR)2,031 m³

Tallest building10.7 m · ±1 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
45021A1590/00G000	Flanders	2,496 m²	1 · 401 m²	10.7 m · 1 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.