MATTH ENGINEERING
InactiveFrom the official registers: KBO 18 annual accounts at the National Bank publications in the Belgian Official Gazette
Overview
Official details
KBO- Status
- Inactive
- Activity
- No activity registered in the KBO
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
How it is doing
Inactive: no score
Annual accounts 2023
- Gross margin
- €24,487
- ▼ 16.4%
- Turnover
- ≈ €160,000
- estimated
- Profit
- €16,058
- ▼ 2.4%
- Equity
- €132,705
- ▲ 13.8%
- Total assets
- €189,058
- ▲ 7.0%
Filed on 09-07-2024PDF
Signalsraises riskTwo or more financial years not filedneutralLatest accounts filed on timeShow the evidence
Signals
Two signals.
raises riskneutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 year end31-07-2025 deadline01-11-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 09-07-2024, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
22 days early
2022
26 days early
2021
47 days early
2020
18 days late
2019
3 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 16 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (1)
Financials · financial year 2023, abbreviated format
Latest annual accounts filed
Annual accounts 2023
- Financial year ended
- 31-12-2023
- Filed on
- 09-07-2024
- Format
- abbreviated format
- Reference
- 2024-00223641
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
2019 to 2023, 5 financial years 2018 to 2023, 6 financial years
The operating result recovers in 2023; 2023 is 6% above 2022.
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
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€189,058
2023
Equity€132,705
2023
Debt€56,354
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€131,365
2023
Average staff in full-time equivalents (FTE).
Staff (FTE)0
2023
Use the arrow keys on the chart for the figures per year.
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
Fixed assets
€2,539 ▼ 84.9%
Current assets
€186,520 ▲ 16.7%
Equity and liabilities €189,058
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
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
| 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.
Latest 10 of 18 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 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 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
1 director, last change in 2023
MATTHIJS Tom
Current
Director (not named in the articles) · appointed in the act of 06-09-2023 · in the 2023 annual accounts, filed on 09-07-2024
Mandate history
1 person, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| MATTHIJS Tom |
|
How the board is organised
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Artikel 11. Bevoegdheden van het bestuursorgaan Als er slechts één bestuurder is, is het geheel van de bevoegdheden van de bestuurders aan…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Een of meer bestuurders, bestuursorgaan”“Artikel 12, algemene kosten los van representatie-,reis-en verplaatsingskosten”
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Ontbinding op elk moment door algemene vergadering in vormen statutenwijziging”1 more provision on this in the deed
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed
Articles of association, deed of 06-09-2023
Owners and capital
Owners
1 ownerChain of control
- MATTH ENGINEERING
- MATTH ENGINEERING
Owners 1
-
100%
Capital and shareholders
Shareholders according to the deeds
Stated in the act
act of 03-10-2024 ↗
- MATOPEKA all shares
Stated in the act
act of 10-06-2024 ↗
- MATOPEKA (BE 0839.939.331) all shares
Stated in the act
act of 06-09-2023 ↗
- MATOPEKA all shares
Capital over the years
- 06-09-2023 Converted to unavailable equity · €8,125
Shares according to the articles of association
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- One provision in the deed
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Artikel 9, helft overdrager,helft koper(s) naar evenredigheid”
deed of 06-09-2023 (in Dutch)
Other provisionsRules from the articles on subjects other than the board, the shares, the purpose and the meetings.
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Click a node to look further, drag to arrange, zoom with the mouse wheel.
Acquisitions and mergers
1 transactionTaken over by:MATOPEKA
History
Acts, filings and financial milestones
2024
03-10
Gazette deed
Restructuring · End & cessationMerger · Dissolution · Accounting effect9 facts ▸
Gazette deed
Restructuring · End & cessation
Merger · Dissolution · Accounting effect9 facts ▸
- General meeting, 02-09-2024
- Merger, “verrichtinggelijkgesteldmetfusiedooroverneming, fusievoorstel” (deed in Dutch)
- Dissolution, merger, “verrichtinggelijkgesteldmetfusiedooroverneming” (deed in Dutch)
- Merger, “verrichtinggelijkgesteldmetfusiedooroverneming, ganshetvermogen” (deed in Dutch)
- Accounting effect, 01-01-2024
- Shareholding, MATOPEKA
- Share cancellation, “aandelenvanovergenomenvennootschap” (deed in Dutch)
- Real estate
- Other provision, “vaststellingverwezenlijkingenophoudentebestaan” (deed in Dutch)
09-07
financial year 2023 · abbreviated format
10-06
Gazette deed
Restructuring · MiscellaneousMerger · Shareholding · Incorporation16 facts ▸
Gazette deed
Restructuring · Miscellaneous
Merger · Shareholding · Incorporation16 facts ▸
- Board meeting, 22-05-2024
- Merger, “fusie door overneming, gehele vermogen rechten en verplichtingen” (deed in Dutch)
- Other provision, “belang en voorlegging fusievoorstel, eenvoudiger en transparanter beheer binnen groep” (deed in Dutch)
- Other provision, “neerlegging en vergadertermijn, Buitengewone Algemene Vergadering van Aandeelhouders beslist over fusie” (deed in Dutch)
- Shareholding, MATOPEKA
- Other provision, “geen uitkering aandelen bij goedkeuring, geen aandelen uitgekeerd in vergoeding” (deed in Dutch)
- Incorporation, 30-09-2011
- Amendment of the articles
- Other provision, “statutenwijziging, niet meer gewijzigd” (deed in Dutch) (2 times)
- Other provision, “Rechtbank van Koophandel te Gent, inschrijving” (deed in Dutch)
- Incorporation, 21-12-2004
- Other provision, 31-08-2023
- +4 further facts in this act
10-06
Gazette deed
Registered officeRegistered-office move2 facts ▸
Gazette deed
Registered office
Registered-office move2 facts ▸
- Board meeting, 22-05-2024
- Registered-office move, Veerstraat 64 bus 6, 9290 Berlare
2023
06-09
Gazette deed
Resignation: MATTHIJS Tom (manager)Appointment: MATTHIJS Tom (director) · Capital conversion · Shareholding15 facts ▸
Gazette deed
Resignation: MATTHIJS Tom (manager)
Appointment: MATTHIJS Tom (director) · Capital conversion · Shareholding15 facts ▸
- General meeting, 31-08-2023
- Other provision, “aanpassing statuten aan WVV en behoud rechtsvorm, statuten aanpassen aan WVV en rechtsvorm besloten vennootschap behouden” (deed in Dutch)
- Other provision, “enkel Gewest opnemen waarin zetel rechtspersoon gevestigd, zetelvermelding beperkt tot Gewest” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Other provision, “vormen en meerderheden van statutenwijziging, opheffing statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Shareholding, “vierde besluit, artikel 2:8,§4 WVV” (deed in Dutch)
- Other provision, “aanneming volledig nieuwe statuten conform WVV, vijfde besluit” (deed in Dutch)
- Capital
- Power of attorney, Olivier Van Maele
- Power of attorney, Lien Couck
- Director resignation, MATTHIJS Tom (manager)
- Director appointment, MATTHIJS Tom (director (not named in the articles))
- +3 further facts in this act
05-07
financial year 2022 · abbreviated format
2022
14-06
financial year 2021 · abbreviated format
2021
31-12
Financial
Equity above €100,000equity €100,188 ▲29.6%
A profit in every financial year since 2018 builds equity to €100,188.
18-08
financial year 2020 · abbreviated format · 18 days late
2020
28-07
financial year 2019 · abbreviated format
2019
31-12
Financial
Highest result from 2018 to 2023net €23,351 ▲121%
Operating result €34,361, net result €23,351, both a record.
23-07
financial year 2018 · abbreviated format
Show earlier events
2018
29-08
financial year 2017 · abbreviated format · 29 days late
2017
20-07
financial year 2016 · abbreviated format
2016
29-04
financial year 2015 · abbreviated format
2015
31-03
financial year 2014 · abbreviated format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Inactive
Inactive
MATTH ENGINEERING is no longer in the KBO register.
- Status
- Inactive
- Last annual accounts
- financial year to 31 December 2023
- Last registered office
- Veestraat 64/6, 9290 Berlareas published on 3 October 2024
- Legal form
- Private limited company
- First annual accounts
- financial year 2006
Purpose, financial year and meetings according to the articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimiteddeed of 10-06-2024 (in Dutch)
- Name clauseThe name the company operates under according to its articles.
- Matth Engineeringdeed of 06-09-2023 (in Dutch)
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, administratieve zetels,agentschappen,werkhuizen,stapelplaatsen,bijkantoren in België of buitenland bij enkel besluit…”deed of 06-09-2023 (in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Monday of June at 19:00
deed of 06-09-2023 (in Dutch)