MATTH ENGINEERING

Inactive

KBO/BCE: BE 0871.052.179

Inactive; last annual accounts for financial year 2023. Dissolved without liquidation.

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MATTH ENGINEERINGInactive

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Financials · financial year 2023, abbreviated format

Turnover

≈ €160,000

Estimated: probably between €69,000 and €410,000

Total assets

€189,058▲ 7.0%

2022 · €176,628

Net result

€16,058▼ 2.4%

2022 · €16,458

Working capital

€131,365▲ 29.8%

2022 · €101,209

Trend over the years

Last 5 years All years

2019 to 2023, 5 financial years 2018 to 2023, 6 financial years

The operating result recovers in 2023; 2023 is 6% above 2022.

Turnover and resultEquity and debtWorking capitalStaff

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€22,940 2023 Net result€16,058 2023

Every figure with its change against the financial year before

favourable unfavourable

Line201820192020202120222023

Operating result€14,497-€34,361▲ 137%€24,286▼ 29.3%€31,300▲ 28.9%€21,691▼ 30.7%€22,940▲ 5.8%

Net result€10,583-€23,351▲ 121%€18,652▼ 20.1%€22,874▲ 22.6%€16,458▼ 28.0%€16,058▼ 2.4%

Equity€35,311-€58,661▲ 66.1%€77,314▲ 31.8%€100,188▲ 29.6%€116,646▲ 16.4%€132,705▲ 13.8%

Total assets€114,231-€159,518▲ 39.6%€163,649▲ 2.6%€172,735▲ 5.6%€176,628▲ 2.3%€189,058▲ 7.0%

Debt€78,920-€100,856▲ 27.8%€86,335▼ 14.4%€72,547▼ 16.0%€59,981▼ 17.3%€56,354▼ 6.0%

Working capital€28,858-€54,126▲ 87.6%€63,482▲ 17.3%€86,281▲ 35.9%€101,209▲ 17.3%€131,365▲ 29.8%

Staff (FTE)1-1=1=0.8▼ 20.0%0

Turnover and EBIT margin not published: the abbreviated format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition

2023 in colour, 2022 as the grey bar beneath

Assets €189,058

98.7%

Fixed assets €2,539 ▼ 84.9%

Current assets €186,520 ▲ 16.7%

Equity and liabilities €189,058

70.2%

29.8%

Equity €132,705 ▲ 13.8%

Debt €56,354 ▼ 6.0%

Debt's share of the balance-sheet total falls from 34.0% to 29.8%. Equity is higher and debt is lower.

Key figures and ratios

2023 value · change against 2022

EBITDA

€23,695▼

2022 · €28,689

Cash flow

€16,813▼

2022 · €23,457

Current ratio

3.38▲

2022 · 2.73

Debt to equity

0.42▼

2022 · 0.51

ROE

12.1%▼

2022 · 14.1%

ROA

8.5%▼

2022 · 9.3%

Interest coverage

12.80▼

2022 · 19.59

Debt ≤ 1 year

€55,155▼

2022 · €58,633

Income taxes

€8,847▲

2022 · €7,294

Staff costs

€0▲

2022 · -€76

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Last 5 years All years

Filed annual accounts As filed with the NBB · 2023 against 2022 · 46 lines

Balance sheet Code20222023

Assets

Total assets20/58€176,628€189,058▲

Fixed assets21/28€16,786€2,539▼

Tangible fixed assets22/27€16,786€2,539▼

Plant, machinery and equipment23€1,684€2,539▲

Other tangible fixed assets26€15,102€0▼

Current assets29/58€159,842€186,520▲

Amounts receivable within one year40/41€138,378€165,269▲

Trade receivables40€9,796€10,524▲

Other amounts receivable41€128,582€154,745▲

Cash at bank and in hand54/58€18,594€18,280▼

Deferred charges and accrued income490/1€2,870€2,971▲

Equity and liabilities

Total equity and liabilities10/49€176,628€189,058▲

Equity10/15€116,646€132,705▲

Contributions10/11€6,250€6,250=

Reserves13€110,396€126,455▲

Non-distributable reserves130/1€1,875€0▼

Reserves not available under the articles1311€1,875€0▼

Distributable reserves133€108,521€126,455▲

Amounts payable17/49€59,981€56,354▼

Amounts payable within one year42/48€58,633€55,155▼

Current portion of amounts payable after more than one year42€5,455€0▼

Financial debts43€25,000€15,000▼

Credit institutions430/8€25,000€15,000▼

Trade debts44€718€4,114▲

Suppliers440/4€718€4,114▲

Taxes, remuneration and social security45€13,558€36,041▲

Taxes450/3€13,558€36,041▲

Other amounts payable47/48€13,902€0▼

Accrued charges and deferred income492/3€1,349€1,199▼

Income statement Code20222023

Remuneration, social security and pensions62-€76€0▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6,998€755▼

Other operating charges640/8€695€793▲

Gross operating margin9900€29,308€24,487▼

Operating profit (loss)9901€21,691€22,940▲

Financial income75/76B€3,526€3,816▲

Recurring financial income75€3,526€3,816▲

Financial charges65/66B€1,465€1,851▲

Recurring financial charges65€1,465€1,851▲

Profit (loss) for the period before taxes9903€23,752€24,905▲

Income taxes67/77€7,294€8,847▲

Profit (loss) for the period9904€16,458€16,058▼

Profit (loss) for the period to be appropriated9905€16,458€16,058▼

Appropriation of the result

Profit (loss) to be appropriated9906€16,458€16,058▼

Transfer to equity691/2€16,458€16,058▼

To other reserves6921€16,458€16,058▼

Social balance sheet

Average headcount (FTE)9087-0.0

The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line	2018	2019	2020	2021	2022	2023	Change
Remuneration, social security and pensions62	-	-	-	€29,198	-€76	€0	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€9,489	€12,497	€8,395	€7,078	€6,998	€755	▼ 89.2%
Other operating charges640/8	-	-	-	€629	€695	€793	▲ 14.1%
Gross operating margin9900	€67,079	€89,594	€75,354	€68,206	€29,308	€24,487	▼ 16.4%
Operating profit (loss)9901	€14,497	€34,361	€24,286	€31,300	€21,691	€22,940	▲ 5.8%
Financial income75/76B	-	-	-	€3,179	€3,526	€3,816	▲ 8.2%
Recurring financial income75	€720	€2,274	€2,920	€3,179	€3,526	€3,816	▲ 8.2%
Financial charges65/66B	-	-	-	€1,992	€1,465	€1,851	▲ 26.4%
Recurring financial charges65	€423	€1,122	€1,823	€1,992	€1,465	€1,851	▲ 26.4%
Profit (loss) for the period before taxes9903	€14,794	€35,513	€25,384	€32,488	€23,752	€24,905	▲ 4.9%
Income taxes67/77	€4,211	€12,162	€6,732	€9,614	€7,294	€8,847	▲ 21.3%
Profit (loss) for the period9904	€10,583	€23,351	€18,652	€22,874	€16,458	€16,058	▼ 2.4%
Profit (loss) for the period to be appropriated9905	€10,583	€23,351	€18,652	€22,874	€16,458	€16,058	▼ 2.4%

Line	2018	2019	2020	2021	2022	2023	Change
Assets
Total assets20/58	€114,231	€159,518	€163,649	€172,735	€176,628	€189,058	▲ 7.0%
Fixed assets21/28	€32,997	€25,664	€28,781	€21,703	€16,786	€2,539	▼ 84.9%
Intangible fixed assets21	€2,065	€885	-	-	-	-	-
Tangible fixed assets22/27	€30,932	€24,779	€28,781	€21,703	€16,786	€2,539	▼ 84.9%
Plant, machinery and equipment23	-	-	-	-	€1,684	€2,539	▲ 50.7%
Furniture and vehicles24	-	-	-	€3,072	-	-	-
Other tangible fixed assets26	-	-	-	€18,631	€15,102	€0	▼ 100%
Current assets29/58	€81,234	€133,854	€134,868	€151,032	€159,842	€186,520	▲ 16.7%
Amounts receivable within one year40/41	€52,566	€113,555	€126,568	€130,483	€138,378	€165,269	▲ 19.4%
Trade receivables40	-	-	-	€16,151	€9,796	€10,524	▲ 7.4%
Other amounts receivable41	-	-	-	€114,332	€128,582	€154,745	▲ 20.3%
Cash at bank and in hand54/58	€24,852	€14,606	€4,893	€17,807	€18,594	€18,280	▼ 1.7%
Deferred charges and accrued income490/1	-	-	-	€2,742	€2,870	€2,971	▲ 3.5%
Equity and liabilities
Total equity and liabilities10/49	€114,231	€159,518	€163,649	€172,735	€176,628	€189,058	▲ 7.0%
Equity10/15	€35,311	€58,661	€77,314	€100,188	€116,646	€132,705	▲ 13.8%
Contributions10/11	€6,250	€6,250	-	€6,250	€6,250	€6,250	=
Reserves13	€29,061	€52,411	€71,064	€93,938	€110,396	€126,455	▲ 14.5%
Non-distributable reserves130/1	-	-	-	€1,875	€1,875	€0	▼ 100%
Reserves not available under the articles1311	-	-	-	€1,875	€1,875	€0	▼ 100%
Distributable reserves133	-	-	-	€92,063	€108,521	€126,455	▲ 16.5%
Amounts payable17/49	€78,920	€100,856	€86,335	€72,547	€59,981	€56,354	▼ 6.0%
Amounts payable after more than one year17	€26,545	€19,643	€12,613	€5,455	-	-	-
Financial debts170/4	-	-	-	€5,455	-	-	-
Amounts payable within one year42/48	€52,375	€79,728	€71,386	€64,751	€58,633	€55,155	▼ 5.9%
Current portion of amounts payable after more than one year42	-	-	-	€7,158	€5,455	€0	▼ 100%
Financial debts43	-	-	-	€34,000	€25,000	€15,000	▼ 40.0%
Credit institutions430/8	-	-	-	€34,000	€25,000	€15,000	▼ 40.0%
Trade debts44	€23,948	€12,292	€3,288	€2,565	€718	€4,114	▲ 473%
Suppliers440/4	-	-	-	€2,565	€718	€4,114	▲ 473%
Taxes, remuneration and social security45	-	-	-	€8,236	€13,558	€36,041	▲ 166%
Taxes450/3	-	-	-	€7,982	€13,558	€36,041	▲ 166%
Remuneration and social security454/9	-	-	-	€254	-	-	-
Other amounts payable47/48	-	-	-	€12,792	€13,902	€0	▼ 100%
Accrued charges and deferred income492/3	-	-	-	€2,341	€1,349	€1,199	▼ 11.1%

Line	2018	2019	2020	2021	2022	2023	Change
Profit (loss) for the period9904	€10,583	€23,351	€18,652	€22,874	€16,458	€16,058	▼ 2.4%
+ Depreciation and write-downs630	€9,489	€12,497	€8,395	€7,078	€6,998	€755	▼ 89.2%
Operating cash flow (approximation)	€20,071	€35,848	€27,048	€29,952	€23,457	€16,813	▼ 28.3%
Investment in fixed assets (approximation)	-	-€5,164	-€11,513	€0	-€2,081	€13,493	-
Change in cash	-	-€10,245	-€9,714	€12,915	€786	-€314	-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Latest 10 of 18 filings with the National Bank

Financial year	Type	Filed	Reference
31-12-2023	abbreviated format	09-07-2024	2024-00223641
31-12-2022	abbreviated format	05-07-2023	2023-00201225
31-12-2021	abbreviated format	14-06-2022	2022-20060552
31-12-2020	abbreviated format	18-08-2021	2021-49800049
31-12-2019	abbreviated format	28-07-2020	2020-35500465
31-12-2018	abbreviated format	23-07-2019	2019-37000005
31-12-2017	abbreviated format	29-08-2018	2018-55700575
31-12-2016	abbreviated format	20-07-2017	2017-35500049
30-09-2015	abbreviated format	29-04-2016	2016-11400366
30-09-2014	abbreviated format	31-03-2015	2015-08400126

Show all 18 filings

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.