MATREKON
ActiveSummary
MATREKON has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €107,533 and a net result of €56,132. Equity remains stable across the filed fiscal years (±1.5% per year). Its solvency ranks better than 85% of 1913 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+89
Solvency100▲+18
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 5.52 against 1.88 in 2024; short-term debt: 18.1% and cash: 75.9% of total assets), and 18.1% of the assets are financed with debt.
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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 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% 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 2025Solvency, return and age of the figures
Solvency
81.9%
Return on assets
42.7%
Age of the figures
9 mo
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 · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €107,533
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 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 d early
2024
20 d early
2023
37 d early
2022
on the day
2021
34 d early
2020
9 d late
2019
4 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 16 days before 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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€107,533▲ 109%
2024 · €51,400
Total assets
€131,318▲ 44.4%
2024 · €90,911
Net result
€56,132
2024 · -€10,787
Working capital
€107,533▲ 209%
2024 · €34,760
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, 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€3,366▼ 58.1%-€4,732€3,428-€9,645€79,174
Net result€1,136within the sector's middle half▼ 79.4%-€4,368below the sector's middle half€1,654within the sector's middle half-€10,787below the sector's middle half€56,132above the sector's middle half
Equity€64,902within the sector's middle half▲ 1.8%€60,534within the sector's middle half▼ 6.7%€62,187within the sector's middle half▲ 2.7%€51,400within the sector's middle half▼ 17.3%€107,533within the sector's middle half▲ 109%
Total assets€154,221within the sector's middle half▲ 12.3%€138,954within the sector's middle half▼ 9.9%€122,860within the sector's middle half▼ 11.6%€90,911within the sector's middle half▼ 26.0%€131,318within the sector's middle half▲ 44.4%
Debt€89,319▲ 21.4%€78,420▼ 12.2%€60,673▼ 22.6%€39,511▼ 34.9%€23,785▼ 39.8%
Working capital€30,579▼ 3.3%€28,704▼ 6.1%€39,846▲ 38.8%€34,760▼ 12.8%€107,533▲ 209%
Solvency42.1%within the sector's middle half▼ 4.3pp43.6%within the sector's middle half▲ 1.5pp50.6%within the sector's middle half▲ 7.1pp56.5%within the sector's middle half▲ 5.9pp81.9%above the sector's middle half▲ 25.3pp
Staff (FTE)1.3▲ 18.2%1.1▼ 15.4%0.3▼ 72.7%
above
within
below
the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, 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
The operating result returns to profit in 2025: €79,174 after a loss of €9,645 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €131,318
Equity
€107,533 ▲ 109%
Debt
€23,785 ▼ 39.8%
Debt's share of the balance-sheet total falls from 43.5% to 18.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€82,290▲
2024 · €1,000
Cash flow
€59,248▲
2024 · -€142
Current ratio
5.52▲
2024 · 1.88
Debt to equity
0.22▼
2024 · 0.77
ROE
52.2%▲
2024 · -21.0%
ROA
42.7%▲
2024 · -11.9%
Interest coverage
67.02▲
2024 · 0.80
Debt ≤ 1 year
€23,785▼
2024 · €39,511
Income taxes
€21,814
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 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 of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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%.
| 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 34,679 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €36,948 | €30,027 | €9,384 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,265 | €13,411 | €14,755 | €10,645 | €3,116 | ▼ 70.7% |
| Other operating charges640/8 | €101 | €102 | €109 | €224 | €173 | ▼ 22.9% |
| Gross operating margin9900 | €57,680 | €38,808 | €27,676 | €1,224 | €82,463 | ▲ 6,635% |
| Operating profit (loss)9901 | €3,366 | -€4,732 | €3,428 | -€9,645 | €79,174 | ▲ 921% |
| Financial income75/76B | €2 | €2,283 | €0 | €103 | - | - |
| Recurring financial income75 | €2 | €1 | €0 | €103 | - | - |
| Non-recurring financial income76B | - | €2,283 | - | - | - | - |
| Financial charges65/66B | €2,017 | €1,947 | €1,774 | €1,245 | €1,228 | ▼ 1.4% |
| Recurring financial charges65 | €2,017 | €1,947 | €1,774 | €1,245 | €1,228 | ▼ 1.4% |
| Profit (loss) for the period before taxes9903 | €1,351 | -€4,396 | €1,654 | -€10,787 | €77,947 | ▲ 823% |
| Income taxes67/77 | €215 | -€28 | €1 | - | €21,814 | - |
| Profit (loss) for the period9904 | €1,136 | -€4,368 | €1,654 | -€10,787 | €56,132 | ▲ 620% |
| Profit (loss) for the period to be appropriated9905 | €1,136 | -€4,368 | €1,654 | -€10,787 | €56,132 | ▲ 620% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €154,221 | €138,954 | €122,860 | €90,911 | €131,318 | ▲ 44.4% |
| Fixed assets21/28 | €50,711 | €40,209 | €25,455 | €16,640 | - | - |
| Tangible fixed assets22/27 | €50,711 | €40,209 | €25,455 | €16,640 | - | - |
| Plant, machinery and equipment23 | €29,829 | €23,680 | €17,665 | €13,525 | - | - |
| Furniture and vehicles24 | €20,882 | €16,530 | €7,790 | €3,116 | - | - |
| Current assets29/58 | €103,510 | €98,745 | €97,405 | €74,271 | €131,318 | ▲ 76.8% |
| Stocks and contracts in progress3 | €42,000 | €42,000 | €49,875 | €29,875 | - | - |
| Stocks30/36 | €22,000 | €22,000 | €29,875 | €29,875 | - | - |
| Contracts in progress37 | €20,000 | €20,000 | €20,000 | - | - | - |
| Amounts receivable within one year40/41 | €55,994 | €53,221 | €43,734 | €40,392 | €30,609 | ▼ 24.2% |
| Trade receivables40 | €42,887 | €33,166 | €22,268 | €14,462 | €898 | ▼ 93.8% |
| Other amounts receivable41 | €13,107 | €20,055 | €21,466 | €25,930 | €29,711 | ▲ 14.6% |
| Cash at bank and in hand54/58 | - | - | - | €233 | €99,646 | ▲ 42,692% |
| Deferred charges and accrued income490/1 | €5,515 | €3,524 | €3,796 | €3,771 | €1,063 | ▼ 71.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €154,221 | €138,954 | €122,860 | €90,911 | €131,318 | ▲ 44.4% |
| Equity10/15 | €64,902 | €60,534 | €62,187 | €51,400 | €107,533 | ▲ 109% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €44,902 | €44,902 | €44,902 | €44,902 | €101,034 | ▲ 125% |
| Non-distributable reserves130/1 | €1,945 | €1,945 | €1,945 | €1,945 | €1,945 | = |
| Reserves not available under the articles1311 | €1,945 | €1,945 | €1,945 | €1,945 | €1,945 | = |
| Distributable reserves133 | €42,957 | €42,957 | €42,957 | €42,957 | €99,090 | ▲ 131% |
| Profit (loss) carried forward14 | - | -€4,368 | -€2,715 | -€13,502 | -€13,502 | = |
| Amounts payable17/49 | €89,319 | €78,420 | €60,673 | €39,511 | €23,785 | ▼ 39.8% |
| Amounts payable after more than one year17 | €16,387 | €7,730 | €3,113 | - | - | - |
| Financial debts170/4 | €16,387 | €7,730 | €3,113 | - | - | - |
| Amounts payable within one year42/48 | €72,931 | €70,041 | €57,559 | €39,511 | €23,785 | ▼ 39.8% |
| Current portion of amounts payable after more than one year42 | €14,180 | €4,552 | €4,616 | €3,113 | - | - |
| Financial debts43 | €12,163 | €10,700 | €13,034 | €1,311 | €1,114 | ▼ 15.0% |
| Credit institutions430/8 | €12,163 | €10,700 | €13,034 | €1,311 | €1,114 | ▼ 15.0% |
| Trade debts44 | €17,481 | €12,979 | €7,863 | €6,134 | €232 | ▼ 96.2% |
| Suppliers440/4 | €17,481 | €12,979 | €7,863 | €6,134 | €232 | ▼ 96.2% |
| Taxes, remuneration and social security45 | €17,511 | €25,474 | €15,420 | €12,276 | €5,737 | ▼ 53.3% |
| Taxes450/3 | €5,496 | €4,551 | €3,207 | €4,113 | €5,613 | ▲ 36.5% |
| Remuneration and social security454/9 | €12,015 | €20,923 | €12,214 | €8,164 | €124 | ▼ 98.5% |
| Other amounts payable47/48 | €11,597 | €16,337 | €16,627 | €16,676 | €16,702 | ▲ 0.2% |
| Accrued charges and deferred income492/3 | - | €650 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,136 | -€4,368 | €1,654 | -€10,787 | €56,132 | ▲ 620% |
| + Depreciation and write-downs630 | €17,265 | €13,411 | €14,755 | €10,645 | €3,116 | ▼ 70.7% |
| Operating cash flow (approximation) | €18,400 | €9,043 | €16,408 | -€142 | €59,248 | ▲ 41,883% |
| Investment in fixed assets (approximation) | - | -€2,910 | €0 | -€1,831 | - | - |
| Change in cash | - | - | - | - | €99,414 | - |
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
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €56,132
Net result €56,132 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 5.52
Current ratio from 1.88 to 5.52; short-term debt falls from €39,511 to €23,785.
31-12
Financial
Equity above €100,000Eq €107,533 ▲109%
Equity rises from €51,400 to €107,533.
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€10,787
Net result drops to -€10,787, the lowest in the series; recovery starts the following year.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €1,654
Net result €1,654 after one loss-making year.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
2020
04-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 4 days late
Show earlier events
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
05-07
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 2 acts read
About the unread acts
We know of 2 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
2 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, Brecht · 1 establishment unit since 2008
Ground area
5,483 m²
Building footprint
127 m²
Volume, LiDAR
697 m³
Parcel 11333B0254/00A002, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
MATREKON
since 20082.174.702.089
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11333B0254/00A002 | Flanders | 5,483 m² | 1 · 127 m² | 9.6 m · 2 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.
Recognitions · licences · registrations
Dual-learning approval
4 endedOnderhoudsmecanicien zware bedrijfsvoertuigen (so)
Hoeknaadlasser (so)
Lassen-constructie duaal (so)
Plaatlasser (so)
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Of 3,984 companies in sector 25110 we hold annual accounts for 2,146. 1,633 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
Founded01-12-2008
Fiscal year end31-12
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
E-invoicing
Reachable via Peppol
Peppol ID
0208:0808090568
Also
9925:BE0808090568
Registered
01-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.