Matthick Engineering
ActiveSummary
Matthick Engineering has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €219,532 and a net result of -€25,662. Equity has been growing by about 22% per year since 2021. Its solvency ranks better than 87% of 39,275 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 21-06-2021 Normal situation
- Activity
- Business and other management consultancy NACE 70200and 3 others
- Establishment unit
- 2.319.269.802 4630 Soumagne, since 13-07-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 13-11-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.8%
- Gross margin
- -€9,015
- Loss
- €25,662
- Equity
- €219,532
- ▼ 10.5%
- Total assets
- €247,552
- ▼ 13.4%
Score breakdownraises risk1 change of registered office in 24 monthsLiquidity: current ratio 6.98, cash €1,025, halvedLoss of €25,662 (financial year 2025)lowers riskSector: Activities of head offices; management consultancy activities (NACE 70)Show the evidence
Checked score
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 86% of them on solvency, 30% on liquidity, 9% on profitability and 28% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 5 accounts on average 93 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 23-03-2026 PDF all 5 filings
Every figure per financial year
The operating result for 2025 is a loss of €27,269, after a profit of €49,096 in 2024. It is the lowest result since 2021.
Turnover and EBIT margin are not published. The micro format does not require them.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €2,765 | - | €2,619 | €65,268 | €5,421 |
| Depreciation and write-downs of the year | €241 | €691 | €881 | €7,476 | €14,836 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| 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 | - |
| Operating profit (loss)9901 | €65,235 | €121,126 | €73,764 | €49,096 | -€27,269 | - |
| 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 | - |
| 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 | - |
| Profit (loss) for the period to be appropriated9905 | €51,048 | €93,802 | €58,825 | €40,520 | -€25,662 | - |
| 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 | - |
| + 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 | - |
| 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 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 3,591 companies had the same profile as Matthick Engineering has now. Two years later, 87.4% were still going and 3.0% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Matthick Engineering itself: 0.8% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,591 companies, not a prediction for Matthick Engineering. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 23-03-2026 | 2026-00059044 | |
| 31-12-2024 | micro format | 19-03-2025 | 2025-00050131 | |
| 31-12-2023 | micro format | 22-05-2024 | 2024-00092518 | |
| 31-12-2022 | micro format | 24-05-2023 | 2023-00092905 | |
| 31-12-2021 | micro format | 31-05-2022 | 2022-20038534 |
Board & ownership
Directors
Owners and capital
Owners
Network & group
Matthick Engineering shares no director with another company.
Companies at the same address
1 other companyConnections & network
1 current directorThe network starts from the directors of Matthick Engineering. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
08-04
Gazette deed
Registered office moved from Limbourg to SoumagneNew seat: Rue Alfred Defuisseaux 36, 4630 Soumagne · Previous seat: Place Saint-Georges 56, 4830 Limbourg · Director in office3 points ▸
- Board meeting, 02-12-2024
- Registered-office move, Rue Alfred Defuisseaux 36, 4630 Soumagne
- Director in office, Matthias Hick (director)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
1 former office
- Place Saint-Georges 56, 4830 Limbourg until 02-12-2024 · act of 08-04-2025
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 62099D0185/00H000 | Wallonia | 331 m² | 1 · 101 m² | 9.4 m · 3 |