Mats Mertens
ActiveSummary
Mats Mertens has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €448k and a net result of €93k. Equity is growing by ~27.1% per year across the filed fiscal years. Its solvency ranks better than 71% of 2934 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
80
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability86=
Solvency93▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 2.34 against 2.28 in 2023; short-term debt: 21.1% and cash: 0.9% of total assets), and 31.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Sector 69
lower
← fewer bankruptcies
more bankruptcies →
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-07-2025, 19 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
19 d early
2023
16 d early
2022
38 d early
2021
15 d early
2020
36 d early
2019
42 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€448k▲ 17.8%
2023 · €380k
2019: €62k
2020: €148k
2021: €248k
2022: €322k
2023: €380k
2019 → 2024
Total assets
€655k▲ 10.2%
2023 · €595k
2019: €249k
2020: €289k
2021: €573k
2022: €620k
2023: €595k
2019 → 2024
Net result
€93k▲ 11.9%
2023 · €83k
2019: €43k
2020: €86k
2021: €101k
2022: €84k
2023: €83k
2019 → 2024
Working capital
€186k▲ 23.7%
2023 · €150k
2019: €-33k
2020: €46k
2021: €110k
2022: €143k
2023: €150k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€148k-€248k▲ 67.6%€322k▲ 30.0%€380k▲ 18.0%€448k▲ 17.8%
Operating result€112k-€153k▲ 36.9%€115k▼ 25.0%€117k▲ 1.9%€130k▲ 11.3%
Net result€86k-€101k▲ 16.7%€84k▼ 16.4%€83k▼ 1.5%€93k▲ 11.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 11% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €655k
Fixed assets
€332k ▲ 1.2%
Current assets
€324k ▲ 21.2%
Equity and liabilities €655k
Equity
€448k ▲ 17.8%
Debt
€208k ▼ 3.4%
Debt's share of the balance-sheet total falls from 36.1% to 31.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€135k▲
2023 · €119k
Cash flow
€97k▲
2023 · €84k
Current ratio
2.34▲
2023 · 2.28
Debt to equity
0.46▼
2023 · 0.57
ROE
20.7%▼
2023 · 21.8%
ROA
14.2%▲
2023 · 13.9%
Interest coverage
22.11▼
2023 · 25.07
Debt ≤ 1 year
€138k▲
2023 · €117k
Debt > 1 year
€70k▼
2023 · €98k
Income taxes
€33k▲
2023 · €30k
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 · 2024 against 2023 · 47 lines
Balance sheet
Code20232024
Assets
Total assets20/58€595k€655k▲
Fixed assets21/28€328k€332k▲
Tangible fixed assets22/27€19k€15k▼
Furniture and vehicles24€19k€15k▼
Financial fixed assets28€309k€317k▲
Current assets29/58€267k€324k▲
Amounts receivable after more than one year29€35k€35k=
Other amounts receivable291€35k€35k=
Amounts receivable within one year40/41€175k€221k▲
Trade receivables40€175k€221k▲
Current investments50/53€24k€61k▲
Cash at bank and in hand54/58€33k€6k▼
Equity and liabilities
Total equity and liabilities10/49€595k€655k▲
Equity10/15€380k€448k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€359k€427k▲
Amounts payable17/49€215k€208k▼
Amounts payable after more than one year17€98k€70k▼
Financial debts170/4€98k€70k▼
Amounts payable within one year42/48€117k€138k▲
Current portion of amounts payable after more than one year42€33k€28k▼
Financial debts43-€6k
Other loans439-€6k
Trade debts44€219€44▼
Suppliers440/4€219€44▼
Taxes, remuneration and social security45€38k€48k▲
Taxes450/3€38k€48k▲
Other amounts payable47/48€46k€55k▲
Income statement
Code20232024
Non-recurring operating income76A-€13k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€5k▲
Other operating charges640/8€553€558▲
Gross operating margin9900€119k€136k▲
Operating profit (loss)9901€117k€130k▲
Financial income75/76B€228€1k▲
Recurring financial income75€228€1k▲
Financial charges65/66B€5k€6k▲
Recurring financial charges65€5k€6k▲
Profit (loss) for the period before taxes9903€113k€126k▲
Income taxes67/77€30k€33k▲
Profit (loss) for the period9904€83k€93k▲
Profit (loss) for the period to be appropriated9905€83k€93k▲
Appropriation of the result
Profit (loss) to be appropriated9906€384k€452k▲
Profit (loss) brought forward from the previous period14P€301k€359k▲
Profit to be distributed694/7€25k€25k=
Return on contributions (dividend)694€25k€25k=
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
12-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
16-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2019net €101k ▲16.7%
Operating result €153k, net result €101k, both a record.
31-12
Financial
Equity above €200kEq €248k ▲67.6%
3 profitable years in a row build equity to €248k.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity doublescurrent ratio 1.55
Current ratio from 0.62 to 1.55; short-term debt falls from €89k to €83k.
31-12
Financial
Equity above €100kEq €148k ▲140%
2 profitable years in a row build equity to €148k.
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Mol · 1 establishment unit since 2019
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.
Jakob Smitslaan 372400 MolGround area
247 m²
Building footprint
120 m²
Volume, LiDAR
804 m³
Parcel 13434F0322/00C002, Flanders · tallest building 10.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Jakob Smitslaan 37, 2400 Mol
since 20192.286.750.947
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13434F0322/00C002 | Flanders | 247 m² | 1 · 120 m² | 10.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 12,173 companies in sector 69201 we hold annual accounts for 7,638. 5,625 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-03-2019
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.