Matthick Engineering
ActiveSummary
Matthick Engineering has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €219,532 and a net result of -€25,662. Equity is growing by ~22.4% per year across the filed fiscal years. Its solvency ranks better than 87% of 31896 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability6▼-80
Solvency100=
Growth52=
Track record94
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity ample (current ratio 6.98 against 5.52 in 2024; short-term debt: 11.3% and cash: 0.4% of total assets), and 11.3% of the assets are financed with debt.
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Signals
Four 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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 31-12-2025 was due by 31-07-2026 and was filed on 23-03-2026, 130 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
130 d early
2024
134 d early
2023
70 d early
2022
68 d early
2021
61 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 93 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€219,532▼ 10.5%
2024 · €245,194
Total assets
€247,552▼ 13.4%
2024 · €285,902
Net result
-€25,662
2024 · €40,520
Working capital
€167,585▼ 8.8%
2024 · €183,832
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€65,235-€121,126▲ 85.7%€73,764▼ 39.1%€49,096▼ 33.4%-€27,269
Net result€51,048within the sector's middle half-€93,802above the sector's middle half▲ 83.8%€58,825within the sector's middle half▼ 37.3%€40,520within the sector's middle half▼ 31.1%-€25,662below the sector's middle half
Equity€52,048within the sector's middle half-€145,850within the sector's middle half▲ 180%€204,675within the sector's middle half▲ 40.3%€245,194above the sector's middle half▲ 19.8%€219,532within the sector's middle half▼ 10.5%
Total assets€88,206within the sector's middle half-€208,935within the sector's middle half▲ 137%€279,152within the sector's middle half▲ 33.6%€285,902within the sector's middle half▲ 2.4%€247,552within the sector's middle half▼ 13.4%
Debt€36,158-€63,085▲ 74.5%€74,477▲ 18.1%€40,707▼ 45.3%€28,020▼ 31.2%
Working capital€49,524-€144,017▲ 191%€201,104▲ 39.6%€183,832▼ 8.6%€167,585▼ 8.8%
Solvency59.0%within the sector's middle half-69.8%within the sector's middle half▲ 10.8pp73.3%within the sector's middle half▲ 3.5pp85.8%above the sector's middle half▲ 12.4pp88.7%above the sector's middle half▲ 2.9pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €27,269 after €49,096 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €247,552
Fixed assets
€51,947 ▼ 15.3%
Current assets
€195,605 ▼ 12.9%
Equity and liabilities €247,552
Equity
€219,532 ▼ 10.5%
Debt
€28,020 ▼ 31.2%
Debt's share of the balance-sheet total falls from 14.2% to 11.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€12,433▼
2024 · €56,573
Cash flow
-€10,826▼
2024 · €47,996
Current ratio
6.98▲
2024 · 5.52
Debt to equity
0.13▼
2024 · 0.17
ROE
-11.7%▼
2024 · 16.5%
ROA
-10.4%▼
2024 · 14.2%
Interest coverage
-109.98▼
2024 · 80.00
Debt ≤ 1 year
€28,020▼
2024 · €40,707
Income taxes
€602▼
2024 · €12,654
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,597 companies that looked in July 2024 the way this one looks now, 2.8% went bankrupt within 24 months and 87% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
2.8%
went bankrupt
9.2%
stopped otherwise
87%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,597 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €691 | €1,244 | €2,073 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €241 | €691 | €881 | €7,476 | €14,836 | ▲ 98.4% |
| Other operating charges640/8 | - | - | - | €2,319 | €3,417 | ▲ 47.4% |
| Gross operating margin9900 | €65,476 | €122,508 | €75,889 | €60,964 | -€9,015 | ▼ 115% |
| Operating profit (loss)9901 | €65,235 | €121,126 | €73,764 | €49,096 | -€27,269 | ▼ 156% |
| Financial income75/76B | - | - | €2,193 | €4,784 | €2,322 | ▼ 51.5% |
| Recurring financial income75 | - | - | €2,193 | €4,784 | €2,322 | ▼ 51.5% |
| Financial charges65/66B | €687 | €709 | €836 | €707 | €113 | ▼ 84.0% |
| Recurring financial charges65 | €687 | €709 | €836 | €707 | €113 | ▼ 84.0% |
| Profit (loss) for the period before taxes9903 | €64,548 | €120,417 | €75,120 | €53,173 | -€25,060 | ▼ 147% |
| Income taxes67/77 | €13,501 | €26,615 | €16,295 | €12,654 | €602 | ▼ 95.2% |
| Profit (loss) for the period9904 | €51,048 | €93,802 | €58,825 | €40,520 | -€25,662 | ▼ 163% |
| Profit (loss) for the period to be appropriated9905 | €51,048 | €93,802 | €58,825 | €40,520 | -€25,662 | ▼ 163% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €88,206 | €208,935 | €279,152 | €285,902 | €247,552 | ▼ 13.4% |
| Fixed assets21/28 | €2,524 | €1,832 | €3,571 | €61,362 | €51,947 | ▼ 15.3% |
| Tangible fixed assets22/27 | €2,524 | €1,832 | €3,571 | €61,362 | €51,947 | ▼ 15.3% |
| Plant, machinery and equipment23 | - | - | €2,429 | €3,677 | €4,148 | ▲ 12.8% |
| Furniture and vehicles24 | €2,524 | €1,832 | €1,141 | €57,685 | €47,799 | ▼ 17.1% |
| Current assets29/58 | €85,682 | €207,102 | €275,581 | €224,540 | €195,605 | ▼ 12.9% |
| Amounts receivable within one year40/41 | €17 | - | - | €22,507 | €14,754 | ▼ 34.4% |
| Trade receivables40 | €17 | - | - | €13,068 | - | - |
| Other amounts receivable41 | - | - | - | €9,439 | €14,754 | ▲ 56.3% |
| Current investments50/53 | - | - | €200,000 | - | €179,234 | - |
| Cash at bank and in hand54/58 | €85,665 | €207,102 | €73,388 | €198,842 | €1,025 | ▼ 99.5% |
| Deferred charges and accrued income490/1 | - | - | €2,193 | €3,190 | €592 | ▼ 81.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €88,206 | €208,935 | €279,152 | €285,902 | €247,552 | ▼ 13.4% |
| Equity10/15 | €52,048 | €145,850 | €204,675 | €245,194 | €219,532 | ▼ 10.5% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Profit (loss) carried forward14 | €51,048 | €144,850 | €203,675 | €244,194 | €218,532 | ▼ 10.5% |
| Amounts payable17/49 | €36,158 | €63,085 | €74,477 | €40,707 | €28,020 | ▼ 31.2% |
| Amounts payable within one year42/48 | €36,158 | €63,085 | €74,477 | €40,707 | €28,020 | ▼ 31.2% |
| Trade debts44 | €3,330 | €294 | €1,016 | €623 | €744 | ▲ 19.5% |
| Suppliers440/4 | €3,330 | €294 | €1,016 | €623 | €744 | ▲ 19.5% |
| Taxes, remuneration and social security45 | €22,936 | €49,589 | €42,271 | €22,909 | - | - |
| Taxes450/3 | €22,936 | €49,589 | €42,271 | €22,909 | - | - |
| Other amounts payable47/48 | €9,892 | €13,202 | €31,189 | €17,176 | €27,275 | ▲ 58.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €51,048 | €93,802 | €58,825 | €40,520 | -€25,662 | ▼ 163% |
| + Depreciation and write-downs630 | €241 | €691 | €881 | €7,476 | €14,836 | ▲ 98.4% |
| Operating cash flow (approximation) | €51,289 | €94,493 | €59,706 | €47,996 | -€10,826 | ▼ 123% |
| Investment in fixed assets (approximation) | - | €0 | -€2,619 | -€65,268 | -€5,421 | ▲ 91.7% |
| Change in cash | - | €121,437 | -€133,714 | €125,454 | -€197,817 | ▼ 258% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€25,662
Net result drops to -€25,662, the lowest in the series.
19-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
22-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €200,000Eq €204,675 ▲40.3%
3 profitable years in a row build equity to €204,675.
24-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2021net €93,802 ▲83.8%
Operating result €121,126, net result €93,802, both a record.
31-12
Financial
Equity above €100,000Eq €145,850 ▲180%
2 profitable years in a row build equity to €145,850.
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Soumagne · 1 establishment unit since 2021
Ground area
331 m²
Building footprint
101 m²
Volume, LiDAR
835 m³
Parcel 62099D0185/00H000, Wallonia · tallest building 9.4 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Matthick Engineering
since 20212.319.269.802
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62099D0185/00H000 | Wallonia | 331 m² | 1 · 101 m² | 9.4 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
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 82,642 companies in sector 70200 we hold annual accounts for 52,626. 39,505 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded21-06-2021
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
71121Engineering and related technical consultancy, excluding land surveyors
72101Research and development on biotechnology
73300Public relations and communication consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0769912259
Also
9925:BE0769912259
Registered
13-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.