MATRIX
ActiveSummary
The computed 12-month bankruptcy probability of MATRIX is 1.6% (moderate). The 2025 annual accounts show equity of €3,000 and a net result of €54,090. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 20% of 11472 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency27▼-71
Growth78=
Track record94
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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 2025Solvency, return and age of the figures
Solvency
1.7%
Return on assets
30.4%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 11472 sector peers (2025).
NBB · sector comparisonPosition among 11472 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-08-2026, 3 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 4 filingsDeviation from the deadline
2025
3 d late
2024
97 d early
2023
22 d early
2022
34 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 38 days before 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.
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
€3,000▼ 96.9%
2024 · €97,898
Total assets
€177,781▲ 33.0%
2024 · €133,685
Net result
€54,090▲ 20.2%
2024 · €45,006
Working capital
-€1,482
2024 · €97,343
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
Line2022202320242025
Operating result-€4,586-€68,470€61,366▼ 10.4%€71,878▲ 17.1%
Net result-€4,586below the sector's middle half-€54,478above the sector's middle half€45,006above the sector's middle half▼ 17.4%€54,090above the sector's middle half▲ 20.2%
Equity-€1,586below the sector's middle half-€52,892within the sector's middle half€97,898within the sector's middle half▲ 85.1%€3,000below the sector's middle half▼ 96.9%
Total assets€3,217below the sector's middle half-€78,878within the sector's middle half▲ 2,352%€133,685within the sector's middle half▲ 69.5%€177,781within the sector's middle half▲ 33.0%
Debt€4,803-€25,986▲ 441%€35,787▲ 37.7%€174,781▲ 388%
Working capital-€1,586-€53,520€97,343▲ 81.9%-€1,482
Solvency67.1%within the sector's middle half73.2%above the sector's middle half▲ 6.2pp1.7%below the sector's middle half▼ 71.5pp
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.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 17% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €177,781
Fixed assets
€6,145 ▲ 1,007%
Current assets
€171,636 ▲ 28.9%
Equity and liabilities €177,781
Equity
€3,000 ▼ 96.9%
Debt
€174,781 ▲ 388%
Debt's share of the balance-sheet total rises from 26.8% to 98.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€73,438▲
2024 · €61,801
Cash flow
€55,649▲
2024 · €45,441
Current ratio
0.99▼
2024 · 3.72
Debt to equity
58.26▲
2024 · 0.37
ROA
30.4%▼
2024 · 33.7%
Interest coverage
21.05▲
2024 · 16.21
Debt ≤ 1 year
€173,118▲
2024 · €35,787
Income taxes
€14,300▲
2024 · €12,548
A ratio outside any meaningful range has been withheld (balance sheet total €177,781, equity €3,000).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,155 companies that looked in July 2024 the way this one looks now, 2.6% went bankrupt within 24 months and 94% are still going.
- Micro
- 2 to 5 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
2.6%
went bankrupt
2.6%
stopped otherwise
94%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.6% 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 2,155 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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €314 | €435 | €1,560 | ▲ 259% |
| Other operating charges640/8 | €50 | €222 | €400 | €892 | ▲ 123% |
| Gross operating margin9900 | -€4,536 | €69,007 | €62,200 | €74,330 | ▲ 19.5% |
| Operating profit (loss)9901 | -€4,586 | €68,470 | €61,366 | €71,878 | ▲ 17.1% |
| Financial income75/76B | - | €0 | €0 | - | - |
| Recurring financial income75 | - | €0 | €0 | - | - |
| Financial charges65/66B | - | €129 | €3,812 | €3,489 | ▼ 8.5% |
| Recurring financial charges65 | - | €129 | €3,812 | €3,489 | ▼ 8.5% |
| Profit (loss) for the period before taxes9903 | -€4,586 | €68,341 | €57,554 | €68,390 | ▲ 18.8% |
| Income taxes67/77 | - | €13,863 | €12,548 | €14,300 | ▲ 14.0% |
| Profit (loss) for the period9904 | -€4,586 | €54,478 | €45,006 | €54,090 | ▲ 20.2% |
| Profit (loss) for the period to be appropriated9905 | -€4,586 | €54,478 | €45,006 | €54,090 | ▲ 20.2% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €3,217 | €78,878 | €133,685 | €177,781 | ▲ 33.0% |
| Fixed assets21/28 | - | €990 | €555 | €6,145 | ▲ 1,007% |
| Tangible fixed assets22/27 | - | €990 | €555 | €6,145 | ▲ 1,007% |
| Plant, machinery and equipment23 | - | €990 | €555 | €120 | ▼ 78.3% |
| Furniture and vehicles24 | - | - | - | €6,025 | - |
| Current assets29/58 | €3,217 | €77,889 | €133,130 | €171,636 | ▲ 28.9% |
| Amounts receivable within one year40/41 | €217 | €25,908 | €28,371 | €31,593 | ▲ 11.4% |
| Trade receivables40 | - | €25,908 | €28,371 | €31,593 | ▲ 11.4% |
| Other amounts receivable41 | €217 | €0 | - | - | - |
| Cash at bank and in hand54/58 | €3,000 | €50,140 | €103,053 | €137,096 | ▲ 33.0% |
| Deferred charges and accrued income490/1 | - | €1,841 | €1,707 | €2,946 | ▲ 72.6% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €3,217 | €78,878 | €133,685 | €177,781 | ▲ 33.0% |
| Equity10/15 | -€1,586 | €52,892 | €97,898 | €3,000 | ▼ 96.9% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | -€4,586 | €49,892 | €94,898 | €0 | ▼ 100% |
| Amounts payable17/49 | €4,803 | €25,986 | €35,787 | €174,781 | ▲ 388% |
| Amounts payable within one year42/48 | €4,803 | €24,368 | €35,787 | €173,118 | ▲ 384% |
| Trade debts44 | €2,500 | €2,761 | €805 | €1,020 | ▲ 26.7% |
| Suppliers440/4 | €2,500 | €2,761 | €805 | €1,020 | ▲ 26.7% |
| Taxes, remuneration and social security45 | - | €21,420 | €33,046 | €21,472 | ▼ 35.0% |
| Taxes450/3 | - | €21,420 | €33,046 | €21,472 | ▼ 35.0% |
| Other amounts payable47/48 | €2,303 | €187 | €1,935 | €150,626 | ▲ 7,683% |
| Accrued charges and deferred income492/3 | - | €1,618 | €0 | €1,663 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,586 | €54,478 | €45,006 | €54,090 | ▲ 20.2% |
| + Depreciation and write-downs630 | - | €314 | €435 | €1,560 | ▲ 259% |
| Operating cash flow (approximation) | -€4,586 | €54,793 | €45,441 | €55,649 | ▲ 22.5% |
| Investment in fixed assets (approximation) | - | - | €0 | -€7,150 | - |
| Change in cash | - | €47,140 | €52,913 | €34,044 | ▼ 35.7% |
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
03-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 3 days late
2025
25-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €54,478
Net result €54,478 after one loss-making year.
31-12
Financial
Liquidity times 5current ratio 3.20
Current ratio from 0.67 to 3.20.
27-06
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, Putte · 1 establishment unit since 2022
Ground area
392 m²
Building footprint
389 m²
Volume, LiDAR
4,111 m³
Parcel 12029A0746/00B002, Flanders · tallest building 15.0 m, ±4 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
MATRIX
since 20222.339.476.880
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12029A0746/00B002 | Flanders | 392 m² | 1 · 389 m² | 15.0 m · 4 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 409 companies in sector 46110 we hold annual accounts for 172. 34 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
Founded22-12-2022
Fiscal year end31-12
Activities, NACEBEL 2025
46110Wholesale trade
63920Other information service activities
70200Business and other management consultancy
71121Engineering and related technical consultancy, excluding land surveyors
E-invoicing
Reachable via Peppol
Peppol ID
0208:0795265782
Also
9925:BE0795265782
Registered
09-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.