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Mathieu Protin

Active
Private limited companyfounded 20214 yrs activeRue du Ch.-de-Tongrenelle,To. 32, 5140 Sombreffe, BelgiumKBO/BCE: BE 0776.828.953
Summary

Mathieu Protin has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €163,032 and a net result of €50,235. Equity is growing by ~45% per year across the filed fiscal years. Its solvency ranks better than 87% of 15369 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).

Checked score

Score 2024
Axes · tick = 2023
Profitability100=
Solvency100▲+4
Growth40▲+5
Track record94
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity ample (current ratio 6.51 against 2.95 in 2023; short-term debt: 11.7% and cash: 24.7% of total assets), and 11.7% of the assets are financed with debt.
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Signals

Four 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 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 20-06-2025, 41 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
not confirmed
2024
41 d early
2023
35 d early
2022
28 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 35 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

Mathieu Protin was incorporated on 4 November 2021 as a Private limited company.1 Revenue fell from EUR 179,379 in 2022 to EUR 159,532 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2024

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Financials · fiscal year 2024, micro schema

Turnover
€159,532▲ 2.1%
2023 · €156,306
EBIT margin
40.9%▼ 0.7pp
2023 · 41.5%
Net result
€50,235▼ 2.1%
2023 · €51,322
Working capital
€118,970▲ 31.9%
2023 · €90,216
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting 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
Line202220232024
Turnover€179,379-€156,306▼ 12.9%€159,532▲ 2.1%
Operating result€73,475-€64,942▼ 11.6%€65,207▲ 0.4%
Net result€58,475within the sector's middle half-€51,322within the sector's middle half▼ 12.2%€50,235within the sector's middle half▼ 2.1%
EBIT margin41.0%-41.5%▲ 0.6pp40.9%▼ 0.7pp
Equity€61,475within the sector's middle half-€112,797within the sector's middle half▲ 83.5%€163,032within the sector's middle half▲ 44.5%
Total assets€104,095within the sector's middle half-€159,075within the sector's middle half▲ 52.8%€184,631within the sector's middle half▲ 16.1%
Debt€42,620-€46,278▲ 8.6%€21,599▼ 53.3%
Working capital€39,822-€90,216▲ 127%€118,970▲ 31.9%
Solvency59.1%within the sector's middle half-70.9%within the sector's middle half▲ 11.9pp88.3%above the sector's middle half▲ 17.4pp
above within below the middle half (P25 to P75) of NACE 69, Legal and accounting 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
€0€20,000€40,000€60,000€80,000Operating result 2022: €73,475€73,475Net result 2022: €58,475€58,475Operating result 2023: €64,942€64,942Net result 2023: €51,322€51,322Operating result 2024: €65,207€65,207Net result 2024: €50,235€50,235202220232024€0€20,000€40,000€60,000€80,000Operating result 2022: €73,475€73,500Net result 2022: €58,475€58,500Operating result 2023: €64,942€64,900Net result 2023: €51,322€51,300Operating result 2024: €65,207€65,200Net result 2024: €50,235€50,200202220232024
The operating result recovers in 2024; 2024 is 0% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €184,631
Fixed assets €44,062 ▲ 95.1%
Current assets €140,569 ▲ 3.0%
Equity and liabilities €184,631
Equity €163,032 ▲ 44.5%
Debt €21,599 ▼ 53.3%
Debt's share of the balance-sheet total falls from 29.1% to 11.7%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€68,681▼
2023 · €71,626
Cash flow
€53,709▼
2023 · €58,006
Current ratio
6.51▲
2023 · 2.95
Debt to equity
0.13▼
2023 · 0.41
ROE
30.8%▼
2023 · 45.5%
ROA
27.2%▼
2023 · 32.3%
Interest coverage
1184.16▼
2023 · 1326.41
Debt ≤ 1 year
€21,599▼
2023 · €46,278
Income taxes
€15,202▲
2023 · €13,651
Staff costs
€614▲
2023 · €10
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,276 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.3% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 39,276 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 41 lines
Balance sheet Code20232024
Assets
Total assets20/58€159,075€184,631▲
Fixed assets21/28€22,581€44,062▲
Tangible fixed assets22/27€22,581€44,062▲
Land and buildings22€4,404€5,251▲
Furniture and vehicles24€18,177€38,811▲
Current assets29/58€136,494€140,569▲
Amounts receivable within one year40/41€82€11,408▲
Trade receivables40-€11,324
Other amounts receivable41€82€84▲
Current investments50/53€70,029€82,396▲
Cash at bank and in hand54/58€65,172€45,552▼
Deferred charges and accrued income490/1€1,211€1,213▲
Equity and liabilities
Total equity and liabilities10/49€159,075€184,631▲
Equity10/15€112,797€163,032▲
Contributions10/11€3,000€3,000=
Reserves13€58,475€109,797▲
Distributable reserves133€58,475€109,797▲
Profit (loss) carried forward14€51,322€50,235▼
Amounts payable17/49€46,278€21,599▼
Amounts payable within one year42/48€46,278€21,599▼
Trade debts44€295€612▲
Suppliers440/4€295€612▲
Taxes, remuneration and social security45€20,723€20,849▲
Taxes450/3€20,723€20,849▲
Other amounts payable47/48€25,260€138▼
Income statement Code20232024
Turnover70€156,306€159,532▲
Goods, raw materials, services and sundry goods60/61€84,544€88,910▲
Remuneration, social security and pensions62€10€614▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6,684€3,474▼
Other operating charges640/8€126€1,327▲
Gross operating margin9900€71,762€70,622▼
Operating profit (loss)9901€64,942€65,207▲
Financial income75/76B€85€288▲
Recurring financial income75€85€288▲
Financial charges65/66B€54€58▲
Recurring financial charges65€54€58▲
Profit (loss) for the period before taxes9903€64,973€65,437▲
Income taxes67/77€13,651€15,202▲
Profit (loss) for the period9904€51,322€50,235▼
Profit (loss) for the period to be appropriated9905€51,322€50,235▼
Appropriation of the result
Profit (loss) to be appropriated9906€51,322€50,235▼

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202220232024Change
Turnover70€179,379€156,306€159,532▲ 2.1%
Goods, raw materials, services and sundry goods60/61€97,783€84,544€88,910▲ 5.2%
Remuneration, social security and pensions62-€10€614▲ 6,040%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7,862€6,684€3,474▼ 48.0%
Other operating charges640/8€259€126€1,327▲ 953%
Gross operating margin9900€81,596€71,762€70,622▼ 1.6%
Operating profit (loss)9901€73,475€64,942€65,207▲ 0.4%
Financial income75/76B€2€85€288▲ 239%
Recurring financial income75€2€85€288▲ 239%
Financial charges65/66B€68€54€58▲ 7.4%
Recurring financial charges65€68€54€58▲ 7.4%
Profit (loss) for the period before taxes9903€73,409€64,973€65,437▲ 0.7%
Income taxes67/77€14,934€13,651€15,202▲ 11.4%
Profit (loss) for the period9904€58,475€51,322€50,235▼ 2.1%
Profit (loss) for the period to be appropriated9905€58,475€51,322€50,235▼ 2.1%
Line202220232024Change
Assets
Total assets20/58€104,095€159,075€184,631▲ 16.1%
Fixed assets21/28€21,653€22,581€44,062▲ 95.1%
Tangible fixed assets22/27€21,653€22,581€44,062▲ 95.1%
Land and buildings22-€4,404€5,251▲ 19.2%
Furniture and vehicles24€21,653€18,177€38,811▲ 114%
Current assets29/58€82,442€136,494€140,569▲ 3.0%
Amounts receivable within one year40/41€9,808€82€11,408▲ 13,812%
Trade receivables40€9,728-€11,324-
Other amounts receivable41€80€82€84▲ 2.4%
Current investments50/53€20,592€70,029€82,396▲ 17.7%
Cash at bank and in hand54/58€50,367€65,172€45,552▼ 30.1%
Deferred charges and accrued income490/1€1,675€1,211€1,213▲ 0.2%
Equity and liabilities
Total equity and liabilities10/49€104,095€159,075€184,631▲ 16.1%
Equity10/15€61,475€112,797€163,032▲ 44.5%
Contributions10/11€3,000€3,000€3,000=
Reserves13-€58,475€109,797▲ 87.8%
Distributable reserves133-€58,475€109,797▲ 87.8%
Profit (loss) carried forward14€58,475€51,322€50,235▼ 2.1%
Amounts payable17/49€42,620€46,278€21,599▼ 53.3%
Amounts payable within one year42/48€42,620€46,278€21,599▼ 53.3%
Trade debts44€3,617€295€612▲ 107%
Suppliers440/4€3,617€295€612▲ 107%
Taxes, remuneration and social security45€13,453€20,723€20,849▲ 0.6%
Taxes450/3€13,050€20,723€20,849▲ 0.6%
Remuneration and social security454/9€403---
Other amounts payable47/48€25,550€25,260€138▼ 99.5%
Line202220232024Change
Profit (loss) for the period9904€58,475€51,322€50,235▼ 2.1%
+ Depreciation and write-downs630€7,862€6,684€3,474▼ 48.0%
Operating cash flow (approximation)€66,337€58,006€53,709▼ 7.4%
Investment in fixed assets (approximation)--€7,612-€24,955▼ 228%
Change in cash-€14,805-€19,620▼ 233%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
20-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Weakest financial yearnet €50,235 ▼2.1%
Net result drops to €50,235, the lowest in the series.
31-12
Financial Liquidity doublescurrent ratio 6.51
Current ratio from 2.95 to 6.51; short-term debt falls from €46,278 to €21,599.
31-12
Financial Equity above €150,000Eq €163,032 ▲44.5%
3 profitable years in a row build equity to €163,032.
26-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Equity above €100,000Eq €112,797 ▲83.5%
2 profitable years in a row build equity to €112,797.
03-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
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, Sombreffe · 1 establishment unit since 2021
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.

Rue du Ch.-de-Tongrenelle,To. 325140 Sombreffe
1 establishment unit
Mathieu Protin SRL
Rue du Ch.-de-Tongrenelle,To. 32, 5140 SombreffeCertified accountants and tax accountants
since 20212.324.179.485

Similar companies · same sector, comparable size

Of 12,174 companies in sector 69201 we hold annual accounts for 7,641. 6,505 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
Founded04-11-2021
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
Contact
E-mail mathieu.protin@live.co.uk
E-invoicing
Reachable via Peppol
Peppol ID 0208:0776828953
Also 9925:BE0776828953
Registered 24-12-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.