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MATSERVICE

Active
Public limited companyfounded 201313 yrs activeMarloie, Chaussée de Rochefort 73, 6900 Marche-en-Famenne, BelgiumKBO/BCE: BE 0537.381.384
Summary

MATSERVICE has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €253,693 and a net result of -€10,039. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 62% of 6129 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).

Risk analysisWatch ReportCompare
MATSERVICEActiveChecked score 82/100
Risk analysis ReportCompare

Overview

Activity
Wholesale trade
NACE 46610
1 site
Size
€481,016total assets 2024
Equity
€253,693
Loss
-€10,039
Financial health
82 Excellent Checked score 2024
Bankruptcy chance 12 m
0.5%
Structure
Parent
MATEXPORT · 100%
Accounts 68 d overdue0 of 3 deeds read
Why 82- Figures for FY 2024 (filed 02-10-2025)- 1 financial year not filed after the legal deadline; latest accounts 61 days late; 3 of the last 3 late+ Liquidity: current ratio 58.04, cash €233,109+ Equity €253,693 (52.7% of total assets)Show the evidence

Checked score

Score 2024
82 / 100
Excellent
Probability in this band: under 0.55%
Better than 59% of its sector peers (NACE 46, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Strong
Solvency 78=
equity 52.7% of total assets
Liquidity 100=
short-term debt 1.4% · cash 48.5%
Profitability 66+2
return on assets -2.1%
Bankruptcy probability, 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,858 companies)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● 0.0% vs 11-2024 01-2025: 0.2%▼ -1.5% vs 12-2024 02-2025: 0.2%▲ +1.0% vs 01-2025 03-2025: 0.2%▼ -1.5% vs 02-2025 04-2025: 0.2%▼ -4.5% vs 03-2025lowest value 05-2025: 0.2%▲ +3.1% vs 04-2025 06-2025: 0.2%▼ -0.5% vs 05-2025 07-2025: 0.2%▼ -2.0% vs 06-2025 08-2025: 0.3%▲ +41.1% vs 07-2025 09-2025: 0.3%▲ +14.4% vs 08-2025 10-2025: 0.5%▲ +75.5% vs 09-2025highest value 11-2025: 0.2%▼ -63.8% vs 10-2025 12-2025: 0.2%● 0.0% vs 11-2025 01-2026: 0.2%▼ -0.5% vs 12-2025 02-2026: 0.2%▲ +0.5% vs 01-2026 03-2026: 0.2%▼ -1.5% vs 02-2026 04-2026: 0.2%▼ -1.0% vs 03-2026 05-2026: 0.2%▲ +3.6% vs 04-2026 06-2026: 0.2%▼ -2.0% vs 05-2026 07-2026: 0.2%▲ +0.5% vs 06-2026 08-2026: 0.3%▲ +42.9% vs 07-2026 09-2026: 0.3%▲ +14.6% vs 08-2026 10-2026: 0.5%▲ +69.5% vs 09-2026highest value
  • Figures for FY 2024 (filed 02-10-2025) raises the probability
  • Liquidity: current ratio 58.04, cash €233,109 lowers the probability
  • 1 financial year not filed after the legal deadline; latest accounts 61 days late; 3 of the last 3 late raises the probability
  • Equity €253,693 (52.7% of total assets) lowers the probability
Credit up to €20,000 at 30 days acceptable
Liquidity ample (current ratio 58.04 against 21.87 in 2023; short-term debt: 1.4% and cash: 48.5% of total assets), and 47.3% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 46, micro). Better than this share of them on solvency 60%, liquidity 98%, profitability 48%, growth against the median 31%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 06-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Figures for FY 2024 (filed 02-10-2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Liquidity: current ratio 58.04, cash €233,109
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; latest accounts 61 days late; 3 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
lowers risk · Equity €253,693 (52.7% of total assets)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024
Net result per financial year
192021222324
2019 to 2024 · latest year -€10,039
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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
not confirmed
2024
61 d late
2023
61 d late
2022
61 d late
2021
92 d late
2020
61 d late
2019
92 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 71 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 (1)
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
  1. Annual accounts filedfiscal year 2024 · full…
  2. Liquidity triplescurrent ratio 58.04
  3. Annual accounts filedfiscal year 2023 · full…

Key points

  • Risk: 3 loss-making years in a rowloss fiscal year 2024 -€10,039 View
  • Caution: Accounts not fileddeadline was 31-07-2026 68 d late View
  • Caution: Among the weakest 20% on net resultsector median €91,146 · 6,140 companies -€10,039 View
  • Controlled by MATEXPORT 100% View

By topic

Financials

Fiscal year
2024
Total assets
€481,016
Loss
-€10,039
Solvency
52.7%
Total assets▼ 5.0%
Net result
20182024
Go to Financials

Timeline

Events
14
Since
2016
  1. 30-09-2025Annual accounts filed
  2. 31-12-2024Liquidity triples
  3. 30-09-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Wholesale tradeNACE 46610
Founded
08-08-2013
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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