Matthias Cherlet

Active

Private limited companyfounded 20224 yrs activePolderlaan 7, 8370 Blankenberge, BelgiumKBO/BCE: BE 0787.860.328

The computed 12-month bankruptcy probability of Matthias Cherlet is 2.4% (moderate). The 2025 annual accounts show equity of €54k and a net result of €20k. Equity is growing by ~38.3% per year across the filed fiscal years. Its solvency ranks better than 38% of 7744 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

55 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability85▲+11

Solvency60▲+11

Growth78▲+26

Track record94

Bankruptcy probability, 12 months

2.4% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €2.5k at 30 days acceptable

Liquidity ample (current ratio 1.54 against 1.21 in 2024; short-term debt: 58.2% and cash: 3.5% of total assets), but 65.1% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

34.9%

Return on assets

13.2%

Age of the figures

15 mo

Latest accounts filed on time

The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 31-01-2026, 0 days ahead of the deadline.

NBB · 3 filings

Deviation from the deadline

2025

on the day

2024

46 d late

2023

349 d late

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

30-06-2026 close19-09-2026 today31-01-2027 deadline

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

Financials · fiscal year 2025, abbreviated schema

Equity

€54k▲ 60.5%

2024 · €34k

2023: €28k 2024: €34k

2023 → 2025

Total assets

€154k▲ 12.6%

2024 · €137k

2023: €108k 2024: €137k

2023 → 2025

Net result

€20k▲ 276%

2024 · €5k

2023: €18k 2024: €5k

2023 → 2025

Working capital

€48k▲ 145%

2024 · €20k

2023: €11k 2024: €20k

2023 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202320242025Trend

Equity€28k-€34k▲ 19.1%€54k▲ 60.5%

Operating result€23k-€8k▼ 65.0%€27k▲ 230%

Net result€18k-€5k▼ 70.3%€20k▲ 276%

Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result recovers in 2025; 2025 is 230% above 2024 and is the highest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €154k

11%

89.5%

Fixed assets €16k▼ 36.1%

Current assets €138k▲ 23.7%

Equity and liabilities €154k

34.9%

65.1%

Equity €54k▲ 60.5%

Debt €100k▼ 2.9%

The debt ratio falls from 75.5% to 65.1%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€39k▲

2024 · €19k

Cash flow

€32k▲

2024 · €17k

Solvency

34.9%▲

2024 · 24.5%

Current ratio

1.54▲

2024 · 1.21

Quick ratio

1.25▲

2024 · 0.99

Debt / equity

1.87▼

2024 · 3.08

ROE

37.7%▲

2024 · 16.1%

ROA

13.2%▲

2024 · 3.9%

Interest coverage

37.55▲

2024 · 15.94

Debt

€100k▼

2024 · €103k

Debt ≤ 1 year

€90k▼

2024 · €92k

Debt > 1 year

€6k▼

2024 · €12k

Income taxes

€5k▲

2024 · €2k

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

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€137k€154k▲

Fixed assets21/28€25k€16k▼

Tangible fixed assets22/27€25k€16k▼

Plant, machinery and equipment23€6k€4k▼

Furniture and vehicles24€19k€12k▼

Financial fixed assets28€500€650▲

Current assets29/58€111k€138k▲

Stocks and contracts in progress3€21k€26k▲

Stocks30/36€21k€26k▲

Amounts receivable within one year40/41€81k€106k▲

Trade receivables40€37k€82k▲

Other amounts receivable41€44k€25k▼

Cash at bank and in hand54/58€9k€5k▼

Deferred charges and accrued income490/1€482€529▲

Equity and liabilities

Total equity and liabilities10/49€137k€154k▲

Equity10/15€34k€54k▲

Contributions10/11€10k€10k=

Reserves13€18k€18k=

Distributable reserves133€18k€18k=

Profit (loss) carried forward14€5k€26k▲

Amounts payable17/49€103k€100k▼

Amounts payable after more than one year17€12k€6k▼

Financial debts170/4€12k€6k▼

Amounts payable within one year42/48€92k€90k▼

Current portion of amounts payable after more than one year42€5k€5k▲

Trade debts44€49k€36k▼

Suppliers440/4€49k€36k▼

Taxes, remuneration and social security45€3k€18k▲

Taxes450/3€3k€16k▲

Remuneration and social security454/9-€2k

Other amounts payable47/48€34k€30k▼

Accrued charges and deferred income492/3-€5k

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€12k▲

Other operating charges640/8€795€827▲

Gross operating margin9900€20k€39k▲

Operating profit (loss)9901€8k€27k▲

Financial income75/76B€159€131▼

Recurring financial income75€159€131▼

Financial charges65/66B€1k€1k▼

Recurring financial charges65€1k€1k▼

Profit (loss) for the period before taxes9903€7k€26k▲

Income taxes67/77€2k€5k▲

Profit (loss) for the period9904€5k€20k▲

Profit (loss) for the period to be appropriated9905€5k€20k▲

Appropriation of the result

Profit (loss) to be appropriated9906€5k€26k▲

Profit (loss) brought forward from the previous period14P-€5k

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 5Financial 2Filings 3

Next filing, fiscal year 2026, expected by 31-01-2027

2026

31-01

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

30-06

Financial Highest result since 2023net €20k ▲276%

Operating result €27k, net result €20k, both a record.

18-03

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema · 46 days late

14-01

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 349 days late

2024

30-06

Financial Weakest financial yearnet €5k ▼70.3%

Net result drops to €5k, the lowest in the series; recovery starts the following year.

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

2 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, Blankenberge · 1 establishment unit since 2022

establishment The establishment unit on the map

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.

Polderlaan 78370 Blankenberge

Ground area

618 m²

Building footprint

134 m²

Volume, LiDAR

717 m³

Parcel 31602B0138/00X002, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

Matthias Cherlet

Polderlaan 7, 8370 BlankenbergePrinting and reproduction of recorded media

since 20222.332.807.636

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
31602B0138/00X002	Flanders	618 m²	1 · 134 m²	9.8 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.

Similar companies · same sector, comparable size

Dendermonde · Eq €54k

Maasmechelen · Eq €54k

Of 22,822 companies in sector 43211 we hold annual accounts for 10,327. 8,613 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded30-06-2022

Fiscal year end30-06

Activities, NACEBEL

43211General electrical installation work

43213Specialised construction activities

43221Plumbing work

43222Installation of electric heating, air conditioning, cooling and ventilation

43230Insulation installation

43240Other construction installation

43291Specialised construction activities

43299Specialised construction activities

Sources

Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers

Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.