MATORECA
ActiveSummary
MATORECA has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €371k and a net result of €52k. Equity is growing by ~12.5% per year across the filed fiscal years. Its solvency ranks better than 85% of 2056 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▲+7
Solvency100▲+11
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 4.34 against 2.95 in 2024; short-term debt: 21.8% and cash: 25.6% of total assets), and 24.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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
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
75.3%
Return on assets
10.6%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-04-2026, 109 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
109 d early
2024
121 d early
2023
34 d early
2022
118 d early
2021
30 d late
2020
30 d late
2019
31 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€52k▲ 92.0%
2024 · €27k
2018: €31k
2019: €27k▼ -10.9% vs 2018
2020: €12k▼ -55.1% vs 2019lowest in 8 years
2021: €63k▲ +415% vs 2020
2022: €94k▲ +48.2% vs 2021highest in 8 years
2023: €58k▼ -38.4% vs 2022
2024: €27k▼ -53.1% vs 2023
2025: €52k▲ +92.0% vs 2024
2018 → 2025
Working capital
€358k▲ 12.5%
2024 · €318k
2018: €144klowest in 8 years
2019: €184k▲ +27.7% vs 2018
2020: €198k▲ +7.3% vs 2019
2021: €221k▲ +11.7% vs 2020
2022: €302k▲ +36.8% vs 2021
2023: €323k▲ +6.7% vs 2022
2024: €318k▼ -1.3% vs 2023
2025: €358k▲ +12.5% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€223k-€304k▲ 36.8%€331k▲ 8.9%€331k▼ 0.1%€371k▲ 12.0%
2021: €223klowest in 5 years
2022: €304k▲ +36.8% vs 2021
2023: €331k▲ +8.9% vs 2022
2024: €331k▼ -0.1% vs 2023
2025: €371k▲ +12.0% vs 2024highest in 5 years
Operating result€89k-€132k▲ 48.2%€83k▼ 36.7%€37k▼ 55.1%€74k▲ 97.3%
2021: €89k
2022: €132k▲ +48.2% vs 2021highest in 5 years
2023: €83k▼ -36.7% vs 2022
2024: €37k▼ -55.1% vs 2023lowest in 5 years
2025: €74k▲ +97.3% vs 2024
Net result€63k-€94k▲ 48.2%€58k▼ 38.4%€27k▼ 53.1%€52k▲ 92.0%
2021: €63k
2022: €94k▲ +48.2% vs 2021highest in 5 years
2023: €58k▼ -38.4% vs 2022
2024: €27k▼ -53.1% vs 2023lowest in 5 years
2025: €52k▲ +92.0% vs 2024
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 97% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €492k
Fixed assets
€27k ▼ 25.1%
Current assets
€466k ▼ 3.4%
Equity and liabilities €492k
Equity
€371k ▲ 12.0%
Debt
€121k ▼ 35.0%
Debt's share of the balance-sheet total falls from 36.0% to 24.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€84k▲
2024 · €43k
Cash flow
€62k▲
2024 · €33k
Current ratio
4.34▲
2024 · 2.95
Quick ratio
3.32▲
2024 · 2.38
Debt to equity
0.33▼
2024 · 0.56
ROE
14.0%▲
2024 · 8.2%
ROA
10.6%▲
2024 · 5.2%
Interest coverage
59.22▲
2024 · 24.26
Debt ≤ 1 year
€107k▼
2024 · €164k
Debt > 1 year
€14k▼
2024 · €23k
Income taxes
€20k▲
2024 · €10k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€518k€492k▼
Fixed assets21/28€36k€27k▼
Tangible fixed assets22/27€36k€27k▼
Furniture and vehicles24€2k€2k▼
Leasing and similar rights25€33k€25k▼
Current assets29/58€482k€466k▼
Stocks and contracts in progress3€92k€110k▲
Stocks30/36€92k€110k▲
Amounts receivable within one year40/41€192k€228k▲
Trade receivables40€192k€228k▲
Other amounts receivable41-€104
Cash at bank and in hand54/58€196k€126k▼
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€518k€492k▼
Equity10/15€331k€371k▲
Contributions10/11€27k€27k=
Reserves13€304k€344k▲
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Distributable reserves133€301k€341k▲
Amounts payable17/49€187k€121k▼
Amounts payable after more than one year17€23k€14k▼
Financial debts170/4€23k€14k▼
Amounts payable within one year42/48€164k€107k▼
Current portion of amounts payable after more than one year42€9k€9k▲
Trade debts44€58k€25k▼
Suppliers440/4€58k€25k▼
Taxes, remuneration and social security45€44k€46k▲
Taxes450/3€42k€44k▲
Remuneration and social security454/9€2k€2k=
Other amounts payable47/48€53k€27k▼
Income statement
Code20242025
Non-recurring operating income76A€20-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€10k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€45k€85k▲
Operating profit (loss)9901€37k€74k▲
Financial income75/76B€2k-
Recurring financial income75€2k-
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€37k€72k▲
Income taxes67/77€10k€20k▲
Profit (loss) for the period9904€27k€52k▲
Profit (loss) for the period to be appropriated9905€27k€52k▲
Appropriation of the result
Profit (loss) to be appropriated9906€27k€52k▲
Transfer from equity791/2€27k€12k▼
Transfer to equity691/2€27k€52k▲
To other reserves6921€27k€52k▲
Profit to be distributed694/7€27k€12k▼
Return on contributions (dividend)694€27k€12k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €124 | - | €20 | - | - |
| Remuneration, social security and pensions62 | €138 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €2k | €5k | €6k | €10k | ▲ 60.3% |
| Other operating charges640/8 | €2k | €2k | €1k | €1k | €2k | ▲ 16.0% |
| Gross operating margin9900 | €94k | €135k | €90k | €45k | €85k | ▲ 89.7% |
| Operating profit (loss)9901 | €89k | €132k | €83k | €37k | €74k | ▲ 97.3% |
| Financial income75/76B | €55 | - | - | €2k | - | - |
| Recurring financial income75 | €55 | - | - | €2k | - | - |
| Financial charges65/66B | €1k | €987 | €1k | €2k | €1k | ▼ 21.3% |
| Recurring financial charges65 | €1k | €987 | €1k | €2k | €1k | ▼ 21.3% |
| Profit (loss) for the period before taxes9903 | €88k | €131k | €82k | €37k | €72k | ▲ 93.2% |
| Income taxes67/77 | €25k | €37k | €24k | €10k | €20k | ▲ 96.4% |
| Profit (loss) for the period9904 | €63k | €94k | €58k | €27k | €52k | ▲ 92.0% |
| Profit (loss) for the period to be appropriated9905 | €63k | €94k | €58k | €27k | €52k | ▲ 92.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €386k | €451k | €523k | €518k | €492k | ▼ 4.9% |
| Fixed assets21/28 | €2k | €2k | €41k | €36k | €27k | ▼ 25.1% |
| Tangible fixed assets22/27 | €2k | €2k | €41k | €36k | €27k | ▼ 25.1% |
| Furniture and vehicles24 | €2k | €2k | €2k | €2k | €2k | ▼ 7.0% |
| Leasing and similar rights25 | - | - | €39k | €33k | €25k | ▼ 26.4% |
| Current assets29/58 | €384k | €449k | €482k | €482k | €466k | ▼ 3.4% |
| Stocks and contracts in progress3 | €62k | €83k | €80k | €92k | €110k | ▲ 18.9% |
| Stocks30/36 | €62k | €83k | €80k | €92k | €110k | ▲ 18.9% |
| Amounts receivable within one year40/41 | €162k | €168k | €221k | €192k | €228k | ▲ 18.6% |
| Trade receivables40 | €162k | €168k | €221k | €192k | €228k | ▲ 18.6% |
| Other amounts receivable41 | €19 | €19 | - | - | €104 | - |
| Cash at bank and in hand54/58 | €159k | €197k | €180k | €196k | €126k | ▼ 35.8% |
| Deferred charges and accrued income490/1 | €1k | €1k | €2k | €1k | €2k | ▲ 44.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €386k | €451k | €523k | €518k | €492k | ▼ 4.9% |
| Equity10/15 | €223k | €304k | €331k | €331k | €371k | ▲ 12.0% |
| Contributions10/11 | €27k | €27k | €27k | €27k | €27k | = |
| Reserves13 | €195k | €277k | €304k | €304k | €344k | ▲ 13.1% |
| Non-distributable reserves130/1 | €3k | €3k | €3k | €3k | €3k | = |
| Reserves not available under the articles1311 | €3k | €3k | €3k | €3k | €3k | = |
| Distributable reserves133 | €193k | €274k | €301k | €301k | €341k | ▲ 13.2% |
| Amounts payable17/49 | €163k | €147k | €191k | €187k | €121k | ▼ 35.0% |
| Amounts payable after more than one year17 | - | - | €32k | €23k | €14k | ▼ 39.0% |
| Financial debts170/4 | - | - | €32k | €23k | €14k | ▼ 39.0% |
| Amounts payable within one year42/48 | €163k | €147k | €160k | €164k | €107k | ▼ 34.4% |
| Current portion of amounts payable after more than one year42 | - | - | €8k | €9k | €9k | ▲ 3.6% |
| Trade debts44 | €31k | €46k | €30k | €58k | €25k | ▼ 56.4% |
| Suppliers440/4 | €31k | €46k | €30k | €58k | €25k | ▼ 56.4% |
| Taxes, remuneration and social security45 | €49k | €62k | €63k | €44k | €46k | ▲ 4.9% |
| Taxes450/3 | €49k | €60k | €61k | €42k | €44k | ▲ 5.1% |
| Remuneration and social security454/9 | - | €2k | €2k | €2k | €2k | = |
| Other amounts payable47/48 | €83k | €39k | €58k | €53k | €27k | ▼ 48.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €63k | €94k | €58k | €27k | €52k | ▲ 92.0% |
| + Depreciation and write-downs630 | €4k | €2k | €5k | €6k | €10k | ▲ 60.3% |
| Operating cash flow (approximation) | €67k | €96k | €63k | €33k | €62k | ▲ 86.2% |
| Investment in fixed assets (approximation) | - | €-2k | €-44k | €-1k | €-789 | ▲ 37.9% |
| Change in cash | - | €37k | €-17k | €16k | €-70k | ▼ 527% |
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
13-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
01-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
04-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €94k ▲48.2%
Operating result €132k, net result €94k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet €12k ▼55.1%
Net result drops to €12k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €200kEq €203k ▲6.5%
3 profitable years in a row build equity to €203k.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
18-07
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 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, Namur · 1 establishment unit since 1994
Ground area
1,037 m²
Building footprint
109 m²
Volume, LiDAR
834 m³
Parcel 92302E0322/00R004, Wallonia · tallest building 9.3 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
MATORECA
since 19942.069.444.025
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92302E0322/00R004 | Wallonia | 1,037 m² | 1 · 109 m² | 9.3 m · 3 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.
Similar companies · same sector, comparable size
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FREDERIK VANNESTE
BE 0898.299.083
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VB-TEC
BE 0730.762.663
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NH CONSTRUCT
BE 0727.389.538
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Of 8,566 companies in sector 43410 we hold annual accounts for 4,363. 3,158 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
Founded01-10-1994
Fiscal year end31-12
Activities, NACEBEL 2025
43410Roofing work
02200Logging
43120Site preparation
46831Wholesale of construction materials, general range
47521Retail sale of hardware, building materials, paint and glass (general range)
Contact
E-mail
info@matoreca.beNamur
Scores and ratios are computed by Checked and are not a credit decision.