MATRIX CONSTRUCT
ActiveSummary
MATRIX CONSTRUCT has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €86,229 and a net result of €1,849. Equity is growing by about 11% per year across the filed financial years. Its solvency ranks better than 54% of 34,356 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
- Equity
- €86,229
- Profit
- €1,849
Why 84raises risk1 change of registered office in 24 monthslowers riskLiquidity: current ratio 2.45, cash €54,041Figures for financial year 2025 (filed 30-06-2026)Equity €86,229 (50.2% of total assets)Show the evidence
Checked score
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro): better than 55% on solvency, 70% on liquidity, 38% on profitability and 41% on growth.
The bankruptcy probability was computed on 16-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 18 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Weakest financial yearnet €1,849 ▼80%
- Annual accounts filedfinancial year 2024 · full…
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result falls in 2025; 2025 is 59% below 2024 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 5,048 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 93.9% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
For this company itself Checked computes a lower bankruptcy probability: 0.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 5,048 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | €1.2m | €0.8m | €0.4m | €0.3m | €0.4m | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €0.4m | €0.3m | €0.4m | €0.5m | €0.3m | ▼ 37.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.006m | €0.003m | €0.006m | €0.01m | €0.01m | €0.01m | €0.01m | ▼ 25.0% |
| Other operating charges640/8 | - | - | €396 | €381 | €0.006m | €0.001m | €427 | ▼ 61.4% |
| Gross operating margin9900 | €0.06m | €0.02m | €0.02m | €0.03m | €0.03m | €0.03m | €0.02m | ▼ 42.6% |
| Operating profit (loss)9901 | €0.04m | €0.02m | €0.009m | €0.01m | €0.007m | €0.01m | €0.005m | ▼ 59.2% |
| Financial charges65/66B | - | - | €94 | €54 | €60 | €95 | €130 | ▲ 37.2% |
| Recurring financial charges65 | €59 | €151 | €94 | €54 | €60 | €95 | €130 | ▲ 37.2% |
| Profit (loss) for the period before taxes9903 | €0.04m | €0.02m | €0.009m | €0.01m | €0.007m | €0.01m | €0.005m | ▼ 59.9% |
| Income taxes67/77 | - | - | - | €0.004m | €0.004m | €0.004m | €0.003m | ▼ 7.3% |
| Profit (loss) for the period9904 | €0.04m | €0.02m | €0.009m | €0.01m | €0.003m | €0.009m | €0.002m | ▼ 80.0% |
| Profit (loss) for the period to be appropriated9905 | €0.04m | €0.02m | €0.009m | €0.01m | €0.003m | €0.009m | €0.002m | ▼ 80.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €257,592 | €239,891 | €109,479 | €160,422 | €192,023 | €226,039 | €171,738 | ▼ 24.0% |
| Fixed assets21/28 | €8,111 | €2,000 | €17,207 | €49,096 | €35,746 | €22,397 | €12,385 | ▼ 44.7% |
| Tangible fixed assets22/27 | €8,111 | €2,000 | €17,207 | €49,096 | €35,746 | €22,397 | €12,385 | ▼ 44.7% |
| Furniture and vehicles24 | - | - | €17,207 | €49,096 | €35,746 | €22,397 | €12,385 | ▼ 44.7% |
| Current assets29/58 | €249,481 | €237,891 | €92,272 | €111,327 | €156,277 | €203,642 | €159,353 | ▼ 21.7% |
| Amounts receivable within one year40/41 | €201,887 | €193,363 | €62,578 | €75,211 | €133,464 | €169,926 | €105,312 | ▼ 38.0% |
| Trade receivables40 | - | - | €37,889 | €47,298 | €92,254 | €120,782 | €55,065 | ▼ 54.4% |
| Other amounts receivable41 | - | - | €24,690 | €27,913 | €41,210 | €49,143 | €50,247 | ▲ 2.2% |
| Cash at bank and in hand54/58 | €47,594 | €44,528 | €1,364 | €36,116 | €22,813 | €33,716 | €54,041 | ▲ 60.3% |
| Deferred charges and accrued income490/1 | - | - | €28,330 | - | - | - | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €257,592 | €239,891 | €109,479 | €160,422 | €192,023 | €226,039 | €171,738 | ▼ 24.0% |
| Equity10/15 | €47,961 | €52,648 | €61,874 | €71,909 | €75,152 | €84,380 | €86,229 | ▲ 2.2% |
| Contributions10/11 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Contributions outside capital11 | - | - | €6,200 | - | - | - | - | - |
| Other1109/19 | - | - | €6,200 | - | - | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €39,901 | €44,588 | €53,814 | €63,849 | €67,092 | €76,320 | €78,169 | ▲ 2.4% |
| Amounts payable17/49 | €209,632 | €187,243 | €47,605 | €88,514 | €116,871 | €141,659 | €85,509 | ▼ 39.6% |
| Amounts payable after more than one year17 | - | - | - | - | - | €27,262 | €20,485 | ▼ 24.9% |
| Financial debts170/4 | - | - | - | - | - | €27,262 | €20,485 | ▼ 24.9% |
| Amounts payable within one year42/48 | €209,632 | €187,243 | €47,605 | €88,514 | €116,871 | €114,397 | €65,024 | ▼ 43.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €71,889 | €57,013 | €14,876 | €9,477 | ▼ 36.3% |
| Trade debts44 | €188,081 | €141,407 | €25,424 | €2,964 | €34,293 | €53,458 | €26,752 | ▼ 50.0% |
| Suppliers440/4 | - | - | €3,787 | €1,516 | €34,293 | €53,458 | €26,752 | ▼ 50.0% |
| Bills of exchange payable441 | - | - | €21,638 | €1,449 | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | €12,181 | €6,161 | €20,565 | €46,064 | €28,796 | ▼ 37.5% |
| Taxes450/3 | - | - | €12,181 | €6,161 | €20,565 | €19,931 | €19,676 | ▼ 1.3% |
| Remuneration and social security454/9 | - | - | - | - | - | €26,133 | €9,120 | ▼ 65.1% |
| Other amounts payable47/48 | - | - | €10,000 | €7,500 | €5,000 | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €41,761 | €17,187 | €9,226 | €10,035 | €3,243 | €9,228 | €1,849 | ▼ 80.0% |
| + Depreciation and write-downs630 | €6,489 | €3,000 | €6,302 | €13,349 | €13,349 | €13,349 | €10,012 | ▼ 25.0% |
| Operating cash flow (approximation) | €48,249 | €20,187 | €15,528 | €23,384 | €16,592 | €22,578 | €11,861 | ▼ 47.5% |
| Investment in fixed assets (approximation) | - | €3,111 | -€21,509 | -€45,238 | €0 | €0 | €0 | - |
| Change in cash | - | -€3,066 | -€43,164 | €34,752 | -€13,303 | €10,904 | €20,325 | ▲ 86.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-11-2025 | micro format | 30-06-2026 | 2026-00258250 |
| 30-11-2024 | full format | 30-06-2025 | 2025-00225262 |
| 30-11-2023 | full format | 29-07-2024 | 2024-00315792 |
| 30-11-2022 | micro format | 30-06-2023 | 2023-00211408 |
| 30-11-2021 | full format | 14-07-2022 | 2022-20201772 |
| 30-11-2020 | full format | 30-06-2021 | 2021-30300176 |
| 30-11-2019 | micro format | 23-09-2020 | 2020-55500418 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
20-02
Gazette deed
Appointment: CIONCA Viorel (director)Director discharge · Amendment of the articles · Capital conversion8 facts ▸
- Director appointment, CIONCA Viorel (director (not named in the articles))
- Director discharge, CIONCA Viorel
- Other provision, “Cinquième résolution”, (...) (deed in French)
- General meeting, 23-11-2023
- Amendment of the articles (2 times)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Reserve release, “compte de capitaux propres statutairement indisponible créé en application de l'article 39,§2,deuxième alinéa, suppression” (deed in French)
- Capital
31-10
Gazette deed
Registered officeRegistered-office move · Director in office3 facts ▸
- Board meeting, 18-10-2024
- Registered-office move, Rue de la Procession 49,1070 Bruxelles
- Director in office, CIONCA Viorel (director)
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 16 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0698.995.460
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21001A0660/00W002 | Brussels | 270 m² | 1 · 104 m² | 17.3 m · 5 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “L’entreprise générale du bâtiment; Toutes opérations se rapportant directement ou indirectement à l’entretien,la rénovation,les travaux de…” (deed in French)
14 activities (deed in French)
- L’entreprise générale du bâtiment
- Toutes opérations se rapportant directement ou indirectement à l’entretien,la rénovation,les travaux de réparations,d’embellissements,de renouvellement et de modernisation,et la maintenance de tous les types d’ouvrages d’art,de biens immeubles,et plus généralement toutes opérations se rapportant directement ou indirectement aux secteurs des travaux publics et privés et du bâtiment
- Travaux de nettoyage fin chantier,de communs,de bureaux,de vitres,etc.
- Plafonnage,cimentage,chape
- Carrelage,marbre,pierre naturelle
- Toiture,étanchéité
- Menuiserie et vitrerie,menuiserie générale
- Installation
- Électrotechnique tout activité
- Toute activité se rapportant à l'entreprise de jardins et d'une manière générale toute activité en rapport avec la jardinerie,l'agriculture et l'horticulture
- Transport colis
- Toutes opérations relatives à l’entreprise de l’installation,l’exploitation,la réparation et l’entretien d’ascenseur,amélioration ou transformation,montage démontage d’ascenseurs,escaliers mécaniques,de monte-charges ou d’éléments servant au transport de personnes et d’objets,robotique,domotique
- Travaux d'entretien et réparations mécaniques pour des tiers
- Services administratifs de bureau
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- MATRIX CONSTRUCT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles-Capitale, organe d'administration” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Article 12. Pouvoirs de l’organe d’administration S’il n’y a qu’un seul administrateur, la totalité des pouvoirs d’administration lui est…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation durée,statutaire possible si nommé dans statuts, 11” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, registre des actions nominatives avec mentions requises par le Code des sociétés et des associations” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
- Share issue ruleHow and by whom new shares can be issued.
- “Apport en numéraire avec émission de nouvelles actions, actions non souscrites par actionnaires comme décrit” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Thursday of May at 19:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Tout temps,décision assemblée générale formes modifications statuts” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Quelque cause et moment, désigner un ou plusieurs,déterminer pouvoirs et émoluments” (deed in French)