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MATPOWER

Active
Private limited companyfounded 201511 yrs activeRue Zénobe Gramme 14, 4710 Lontzen, BelgiumKBO/BCE: BE 0635.659.707
Summary

MATPOWER has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €83,934 and a net result of €3,258. Equity is growing by ~17.4% per year across the filed fiscal years. Its solvency ranks better than 69% of 8160 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability72▼-12
Solvency88▼-12
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 2.68 against 4.61 in 2024; short-term debt: 36.7% and cash: 3.5% of total assets), and 36.7% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more 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 2025
Solvency, return and age of the figures
Solvency
63.3%
Return on assets
2.5%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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 · 10 filings
Deviation from the deadline
2025
30 d late
2024
31 d late
2023
114 d late
2022
141 d late
2021
31 d late
2020
135 d late
2019
87 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 81 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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. Usually files around 31 August (4 of the last 5 filed years within 84 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
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

On 20 August 2015, MATPOWER was incorporated.1 Total assets went from EUR 34,661 in 2018 to EUR 132,615 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, abbreviated schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€3,258▼ 73.5%
2024 · €12,286
Working capital
€81,948▲ 5.1%
2024 · €77,946
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
Line20212022202320242025
Operating result€4,070€19,997▲ 391%€25,158▲ 25.8%€16,763▼ 33.4%€4,350▼ 74.1%
Net result€2,796below the sector's middle half€14,691within the sector's middle half▲ 426%€18,351within the sector's middle half▲ 24.9%€12,286within the sector's middle half▼ 33.0%€3,258within the sector's middle half▼ 73.5%
Equity€35,348below the sector's middle half▲ 8.6%€50,040below the sector's middle half▲ 41.6%€68,390below the sector's middle half▲ 36.7%€80,676below the sector's middle half▲ 18.0%€83,934below the sector's middle half▲ 4.0%
Total assets€83,137below the sector's middle half▲ 95.0%€118,265below the sector's middle half▲ 42.3%€88,557below the sector's middle half▼ 25.1%€102,252below the sector's middle half▲ 15.5%€132,615below the sector's middle half▲ 29.7%
Debt€47,789▲ 374%€68,226▲ 42.8%€20,167▼ 70.4%€21,575▲ 7.0%€48,681▲ 126%
Working capital€35,348below the sector's middle half▲ 8.6%€50,040below the sector's middle half▲ 41.6%€64,915below the sector's middle half▲ 29.7%€77,946below the sector's middle half▲ 20.1%€81,948within the sector's middle half▲ 5.1%
Solvency42.5%within the sector's middle half▼ 33.8pp42.3%within the sector's middle half▼ 0.2pp77.2%above the sector's middle half▲ 34.9pp78.9%above the sector's middle half▲ 1.7pp63.3%within the sector's middle half▼ 15.6pp
Current ratio1.74within the sector's middle half▼ 2.491.73within the sector's middle half▼ 0.014.22above the sector's middle half▲ 2.494.61above the sector's middle half▲ 0.392.68within the sector's middle half▼ 1.93
Return on assets (ROA)3.4%within the sector's middle half▲ 4.6pp12.4%above the sector's middle half▲ 9.1pp20.7%above the sector's middle half▲ 8.3pp12.0%above the sector's middle half▼ 8.7pp2.5%within the sector's middle half▼ 9.6pp
above within below the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
€0€10,000€20,000€30,000Operating result 2021: €4,070€4,070Net result 2021: €2,796€2,796Operating result 2022: €19,997€19,997Net result 2022: €14,691€14,691Operating result 2023: €25,158€25,158Net result 2023: €18,351€18,351Operating result 2024: €16,763€16,763Net result 2024: €12,286€12,286Operating result 2025: €4,350€4,350Net result 2025: €3,258€3,25820212022202320242025€0€10,000€20,000€30,000Operating result 2023: €25,158€25,200Net result 2023: €18,351€18,400Operating result 2024: €16,763€16,800Net result 2024: €12,286€12,300Operating result 2025: €4,350€4,350Net result 2025: €3,258€3,260202320242025
The operating result has fallen two years in a row; 2025 is 74% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €132,615
Fixed assets €1,986 ▼ 27.3%
Current assets €130,629 ▲ 31.3%
Equity and liabilities €132,615
Equity €83,934 ▲ 4.0%
Debt €48,681 ▲ 126%
Debt's share of the balance-sheet total rises from 21.1% to 36.7%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€5,095▼
2024 · €17,508
Cash flow
€4,003▼
2024 · €13,031
Quick ratio
0.74▼
2024 · 3.66
Debt to equity
0.58▲
2024 · 0.27
ROE
3.9%▼
2024 · 15.2%
Interest coverage
13.10▼
2024 · 17.82
Debt ≤ 1 year
€48,681▲
2024 · €21,575
Income taxes
€846▼
2024 · €4,272
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 10,905 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.6% went bankrupt
4.0% stopped otherwise
95% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.7% 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 10,905 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 · 2025 against 2024 · 39 lines
Balance sheet Code20242025
Assets
Total assets20/58€102,252€132,615▲
Fixed assets21/28€2,731€1,986▼
Tangible fixed assets22/27€2,731€1,986▼
Plant, machinery and equipment23€2,731€1,986▼
Current assets29/58€99,521€130,629▲
Stocks and contracts in progress3€20,452€94,746▲
Stocks30/36€20,452€94,746▲
Amounts receivable within one year40/41€69,317€31,298▼
Trade receivables40€8,078€28,324▲
Other amounts receivable41€61,239€2,974▼
Cash at bank and in hand54/58€9,752€4,584▼
Equity and liabilities
Total equity and liabilities10/49€102,252€132,615▲
Equity10/15€80,676€83,934▲
Contributions10/11€6,200€6,200=
Reserves13€1,286€1,286=
Non-distributable reserves130/1€1,286€1,286=
Reserves not available under the articles1311€1,286€1,286=
Profit (loss) carried forward14€73,191€76,449▲
Amounts payable17/49€21,575€48,681▲
Amounts payable within one year42/48€21,575€48,681▲
Current portion of amounts payable after more than one year42€4,001€4,000=
Trade debts44€14,723€3,161▼
Suppliers440/4€14,723€3,161▼
Taxes, remuneration and social security45€2,852€2,779▼
Taxes450/3€2,852€2,779▼
Other amounts payable47/48-€38,740
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€745€745=
Gross operating margin9900€17,508€5,095▼
Operating profit (loss)9901€16,763€4,350▼
Financial income75/76B€777€143▼
Recurring financial income75€777€143▼
Financial charges65/66B€982€389▼
Recurring financial charges65€982€389▼
Profit (loss) for the period before taxes9903€16,558€4,104▼
Income taxes67/77€4,272€846▼
Profit (loss) for the period9904€12,286€3,258▼
Profit (loss) for the period to be appropriated9905€12,286€3,258▼
Appropriation of the result
Profit (loss) to be appropriated9906€73,191€76,449▲
Profit (loss) brought forward from the previous period14P€60,905€73,191▲

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630--€248€745€745=
Gross operating margin9900€4,070€19,997€25,406€17,508€5,095▼ 70.9%
Operating profit (loss)9901€4,070€19,997€25,158€16,763€4,350▼ 74.1%
Financial income75/76B-€54€30€777€143▼ 81.6%
Recurring financial income75-€54€30€777€143▼ 81.6%
Financial charges65/66B€257€173€256€982€389▼ 60.4%
Recurring financial charges65€257€173€256€982€389▼ 60.4%
Profit (loss) for the period before taxes9903€3,813€19,878€24,932€16,558€4,104▼ 75.2%
Income taxes67/77€1,018€5,187€6,581€4,272€846▼ 80.2%
Profit (loss) for the period9904€2,796€14,691€18,351€12,286€3,258▼ 73.5%
Profit (loss) for the period to be appropriated9905€2,796€14,691€18,351€12,286€3,258▼ 73.5%
Line20212022202320242025Change
Assets
Total assets20/58€83,137€118,265€88,557€102,252€132,615▲ 29.7%
Fixed assets21/28--€3,475€2,731€1,986▼ 27.3%
Tangible fixed assets22/27--€3,475€2,731€1,986▼ 27.3%
Plant, machinery and equipment23--€3,475€2,731€1,986▼ 27.3%
Current assets29/58€83,137€118,265€85,082€99,521€130,629▲ 31.3%
Stocks and contracts in progress3€23,504€32,947€26,589€20,452€94,746▲ 363%
Stocks30/36€23,504€32,947€26,589€20,452€94,746▲ 363%
Amounts receivable within one year40/41€54,475€64,245€52,553€69,317€31,298▼ 54.8%
Trade receivables40€12,548€19,328€11,755€8,078€28,324▲ 251%
Other amounts receivable41€41,927€44,917€40,797€61,239€2,974▼ 95.1%
Cash at bank and in hand54/58€5,158€21,073€5,940€9,752€4,584▼ 53.0%
Equity and liabilities
Total equity and liabilities10/49€83,137€118,265€88,557€102,252€132,615▲ 29.7%
Equity10/15€35,348€50,040€68,390€80,676€83,934▲ 4.0%
Contributions10/11€6,200€6,200€6,200€6,200€6,200=
Reserves13€1,286€1,286€1,286€1,286€1,286=
Non-distributable reserves130/1€1,286€1,286€1,286€1,286€1,286=
Reserves not available under the articles1311€1,286€1,286€1,286€1,286€1,286=
Profit (loss) carried forward14€27,863€42,554€60,905€73,191€76,449▲ 4.5%
Amounts payable17/49€47,789€68,226€20,167€21,575€48,681▲ 126%
Amounts payable within one year42/48€47,789€68,226€20,167€21,575€48,681▲ 126%
Current portion of amounts payable after more than one year42--€4,000€4,001€4,000=
Trade debts44€46,771€62,586€3,987€14,723€3,161▼ 78.5%
Suppliers440/4€46,771€62,586€3,987€14,723€3,161▼ 78.5%
Advances received on contracts in progress46-€316----
Taxes, remuneration and social security45€1,018€5,324€12,180€2,852€2,779▼ 2.6%
Taxes450/3€1,018€5,324€12,180€2,852€2,779▼ 2.6%
Other amounts payable47/48----€38,740-
Line20212022202320242025Change
Profit (loss) for the period9904€2,796€14,691€18,351€12,286€3,258▼ 73.5%
+ Depreciation and write-downs630--€248€745€745=
Operating cash flow (approximation)€2,796€14,691€18,599€13,031€4,003▼ 69.3%
Investment in fixed assets (approximation)---€0€0-
Change in cash-€15,914-€15,133€3,812-€5,168▼ 236%

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

Next filing, fiscal year 2026, expected by 31-07-2027
2026
30-08
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 30 days late
2025
31-08
NBB filing Annual accounts filed
fiscal year 2024 · full schema · 31 days late
2024
22-11
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 114 days late
2023
31-12
Financial Highest result since 2018net €18,351 ▲24.9%
Operating result €25,158, net result €18,351, both a record.
31-12
Financial Liquidity doublescurrent ratio 4.22
Current ratio from 1.73 to 4.22; short-term debt falls from €68,226 to €20,167.
19-12
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 141 days late
2022
31-08
NBB filing Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-12
Financial Back to profitnet €2,796
Net result €2,796 after one loss-making year.
13-12
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 135 days late
2020
31-12
Financial Weakest financial yearnet -€515
Net result drops to -€515, the lowest in the series; recovery starts the following year.
26-10
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 87 days late
2019
12-12
NBB filing Annual accounts filed
fiscal year 2018 · full schema · 134 days late
2018
30-08
NBB filing Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2017
07-07
NBB filing Annual accounts filed
fiscal year 2016 · full 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, Lontzen · 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 Zénobe Gramme 144710 Lontzen
1 establishment unit
Rue Zénobe Gramme 14, 4710 Lontzen
Manufacture of fabricated metal products, except machinery and equipment
since 20212.320.563.662

Structure & network

Owners and holdings

1 owner

Chain of control

  1. BEOM HOLDING 100%
  2. MATPOWER

Highest known parent: BEOM HOLDING. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 505 companies in sector 46841 we hold annual accounts for 365. 182 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
Founded20-08-2015
Fiscal year end31-12
Activities, NACEBEL 2025
46841Wholesale trade
46620Wholesale of machine tools
46630Wholesale trade
47525Retail trade
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 28 September 2026 · Peppol Directory

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