MATLUC
ActiveSummary
MATLUC has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €854,888 and a net result of €203,535. Equity is growing by ~31.5% per year across the filed fiscal years. Its solvency ranks better than 26% of 2293 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability52▼-21
Solvency40▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity short (current ratio 0.3 against 0.23 in 2024; short-term debt: 19.8% and cash: 2.4% of total assets), and 85.3% 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 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
14.7%
Return on assets
3.5%
Age of the figures
9 mo
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 dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 8 filingsDeviation from the deadline
2025
31 d late
2024
57 d late
2023
30 d late
2022
31 d late
2021
89 d late
2020
31 d late
2019
68 d late
← 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 48 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#1 company by total assets in Keerbergen, Administrative and support services sector#2 company by equity in Keerbergen, Administrative and support services sector
Equity
€854,888▲ 31.2%
2024 · €651,353
Total assets
€5.8m▲ 2.1%
2024 · €5.7m
Net result
€203,535▼ 1.3%
2024 · €206,140
Working capital
-€808,993▲ 22.5%
2024 · -€1.0m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€244,277▲ 15.0%€248,300▲ 1.6%€292,287▲ 17.7%€300,708▲ 2.9%€464,473▲ 54.5%
Net result€184,088▲ 13.7%€180,955▼ 1.7%€219,323▲ 21.2%€206,140▼ 6.0%€203,535▼ 1.3%
Equity€204,935▼ 47.8%€225,890▲ 10.2%€445,213▲ 97.1%€651,353▲ 46.3%€854,888▲ 31.2%
Total assets€619,638▲ 40.9%€332,513▼ 46.3%€519,806▲ 56.3%€5.7m▲ 994%€5.8m▲ 2.1%
Debt€414,702▲ 774%€106,623▼ 74.3%€74,592▼ 30.0%€5.0m▲ 6,649%€5.0m▼ 1.7%
Working capital€178,016▼ 49.2%€209,018▲ 17.4%€381,039▲ 82.3%-€1.0m-€808,993▲ 22.5%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 54% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.8m
Fixed assets
€5.5m ▲ 1.6%
Current assets
€341,962 ▲ 11.2%
Equity and liabilities €5.8m
Equity
€854,888 ▲ 31.2%
Debt
€5.0m ▼ 1.7%
Debt's share of the balance-sheet total falls from 88.5% to 85.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€501,142▲
2024 · €316,215
Cash flow
€240,204▲
2024 · €221,646
Current ratio
0.30▲
2024 · 0.23
Debt to equity
5.79▼
2024 · 7.73
ROE
23.8%▼
2024 · 31.6%
ROA
3.5%▼
2024 · 3.6%
Interest coverage
3.44▼
2024 · 62.23
Debt ≤ 1 year
€1.2m▼
2024 · €1.4m
Debt > 1 year
€3.7m=
2024 · €3.7m
Income taxes
€115,408▲
2024 · €92,929
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,017 | €15,541 | €21,140 | €15,506 | €36,668 | ▲ 136% |
| Other operating charges640/8 | €264 | €373 | €1,422 | €1,453 | €3,543 | ▲ 144% |
| Gross operating margin9900 | €259,558 | €264,214 | €314,849 | €317,668 | €504,685 | ▲ 58.9% |
| Operating profit (loss)9901 | €244,277 | €248,300 | €292,287 | €300,708 | €464,473 | ▲ 54.5% |
| Financial income75/76B | €22 | €0 | €4 | €3,441 | €0 | ▼ 100% |
| Recurring financial income75 | €22 | €0 | €4 | €3,441 | €0 | ▼ 100% |
| Financial charges65/66B | €976 | €1,477 | €371 | €5,081 | €145,530 | ▲ 2,764% |
| Recurring financial charges65 | €976 | €1,477 | €371 | €5,081 | €145,530 | ▲ 2,764% |
| Profit (loss) for the period before taxes9903 | €243,322 | €246,824 | €291,920 | €299,068 | €318,943 | ▲ 6.6% |
| Income taxes67/77 | €59,235 | €65,868 | €72,596 | €92,929 | €115,408 | ▲ 24.2% |
| Profit (loss) for the period9904 | €184,088 | €180,955 | €219,323 | €206,140 | €203,535 | ▼ 1.3% |
| Profit (loss) for the period to be appropriated9905 | €184,088 | €180,955 | €219,323 | €206,140 | €203,535 | ▼ 1.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €619,638 | €332,513 | €519,806 | €5.7m | €5.8m | ▲ 2.1% |
| Fixed assets21/28 | €33,277 | €17,736 | €64,174 | €5.4m | €5.5m | ▲ 1.6% |
| Tangible fixed assets22/27 | €33,277 | €17,736 | €64,174 | €49,919 | €135,152 | ▲ 171% |
| Furniture and vehicles24 | €28,696 | €14,355 | €61,993 | €48,937 | €135,027 | ▲ 176% |
| Other tangible fixed assets26 | €4,581 | €3,381 | €2,182 | €982 | €126 | ▼ 87.2% |
| Financial fixed assets28 | - | - | - | €5.3m | €5.3m | = |
| Current assets29/58 | €586,360 | €314,777 | €455,632 | €307,543 | €341,962 | ▲ 11.2% |
| Amounts receivable within one year40/41 | €189,941 | €238,697 | €222,698 | €233,883 | €202,416 | ▼ 13.5% |
| Trade receivables40 | €189,941 | €238,697 | €222,698 | €233,883 | €2,416 | ▼ 99.0% |
| Other amounts receivable41 | - | - | - | - | €200,000 | - |
| Cash at bank and in hand54/58 | €396,420 | €76,080 | €232,933 | €73,660 | €139,546 | ▲ 89.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €619,638 | €332,513 | €519,806 | €5.7m | €5.8m | ▲ 2.1% |
| Equity10/15 | €204,935 | €225,890 | €445,213 | €651,353 | €854,888 | ▲ 31.2% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €208,000 | €411,535 | ▲ 97.9% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | - | - | €1,860 | €208,000 | €411,535 | ▲ 97.9% |
| Profit (loss) carried forward14 | €184,475 | €205,430 | €424,753 | €424,753 | €424,753 | = |
| Amounts payable17/49 | €414,702 | €106,623 | €74,592 | €5.0m | €5.0m | ▼ 1.7% |
| Amounts payable after more than one year17 | - | - | - | €3.7m | €3.7m | = |
| Financial debts170/4 | - | - | - | €3.7m | €3.7m | = |
| Amounts payable within one year42/48 | €408,345 | €105,759 | €74,592 | €1.4m | €1.2m | ▼ 14.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €1.3m | €0 | ▼ 100% |
| Financial debts43 | - | - | - | - | €1.0m | - |
| Credit institutions430/8 | - | - | - | - | €1.0m | - |
| Trade debts44 | €4,677 | €2,011 | €1,220 | €1,384 | €9,136 | ▲ 560% |
| Suppliers440/4 | €4,677 | €2,011 | €1,220 | €1,384 | €9,136 | ▲ 560% |
| Taxes, remuneration and social security45 | €63,361 | €97,039 | €62,754 | €84,875 | €111,412 | ▲ 31.3% |
| Taxes450/3 | €63,361 | €97,039 | €62,754 | €84,875 | €111,412 | ▲ 31.3% |
| Other amounts payable47/48 | €340,307 | €6,708 | €10,619 | €14,857 | €30,407 | ▲ 105% |
| Accrued charges and deferred income492/3 | €6,358 | €864 | €0 | €4,993 | €121,271 | ▲ 2,329% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €184,088 | €180,955 | €219,323 | €206,140 | €203,535 | ▼ 1.3% |
| + Depreciation and write-downs630 | €15,017 | €15,541 | €21,140 | €15,506 | €36,668 | ▲ 136% |
| Operating cash flow (approximation) | €199,104 | €196,496 | €240,464 | €221,646 | €240,204 | ▲ 8.4% |
| Investment in fixed assets (approximation) | - | €0 | -€67,579 | -€5.3m | -€121,902 | ▲ 97.7% |
| Change in cash | - | -€320,339 | €156,853 | -€159,273 | €65,886 | ▲ 141% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 57 days late
2024
31-12
Financial
Equity above €500,000Eq €651,353 ▲46.3%
7 profitable years in a row build equity to €651,353.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Highest result since 2018net €219,323 ▲21.2%
Net result €219,323, the highest in the series.
31-12
Financial
Liquidity doublescurrent ratio 6.11
Current ratio from 2.98 to 6.11; short-term debt falls from €105,759 to €74,592.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 2.98
Current ratio from 1.44 to 2.98; short-term debt falls from €408,345 to €105,759.
28-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 89 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 68 days late
2019
31-12
Financial
Liquidity quadruplescurrent ratio 12.98
Current ratio from 3.51 to 12.98; short-term debt falls from €44,281 to €15,118.
31-12
Financial
Equity above €200,000Eq €230,470 ▲105%
2 profitable years in a row build equity to €230,470.
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Keerbergen · 1 establishment unit since 2018
Ground area
1,545 m²
Building footprint
250 m²
Volume, LiDAR
1,097 m³
Parcel 24472F0016/00P000, Flanders · tallest building 7.0 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Vlieghavenlaan 114, 3140 Keerbergen
since 20182.276.143.107
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24472F0016/00P000 | Flanders | 1,545 m² | 1 · 250 m² | 7.0 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 24,517 companies in sector 82990 we hold annual accounts for 9,412. 4,877 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
Founded28-05-2018
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.