MATTHIJS
ActiveMATTHIJS has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.41M and a net result of €853k. Equity is growing by ~11.3% per year across the filed fiscal years. Its solvency ranks better than 77% of 2028 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
100
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability97▲+14
Solvency100▲+1
Growth78=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €440k at 30 days acceptable
Liquidity ample (current ratio 3.36 against 2.87 in 2024), and 34.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · 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 →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
65.9%
Return on assets
12.7%
Age of the figures
8 mo
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 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
20 d early
2023
34 d early
2022
39 d early
2021
38 d early
2020
11 d early
2019
15 d early
← before the deadline
after the deadline →
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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€853k▲ 44.7%
2024 · €590k
2018: €431k
2019: €413k
2020: €444k
2021: €663k
2022: €695k
2023: €448k
2024: €590k
2018 → 2025
Working capital
€3.92M▲ 30.1%
2024 · €3.01M
2018: €1.51M
2019: €1.79M
2020: €1.91M
2021: €2.46M
2022: €2.47M
2023: €2.63M
2024: €3.01M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.75M-€2.92M▲ 6.4%€3.12M▲ 6.8%€3.56M▲ 14.1%€4.41M▲ 24.0%
Operating result€904k-€906k▲ 0.2%€620k▼ 31.6%€804k▲ 29.6%€1.19M▲ 47.8%
Net result€663k-€695k▲ 4.8%€448k▼ 35.6%€590k▲ 31.7%€853k▲ 44.7%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 48% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.70M
Fixed assets
€1.12M▲ 2.2%
Current assets
€5.58M▲ 20.6%
Equity and liabilities €6.70M
Equity
€4.41M▲ 24.0%
Debt
€2.28M▲ 5.7%
The debt ratio falls from 37.8% to 34.1%: equity grows faster than debt.
Key figures and ratios
EBITDA
€1.40M▲
2024 · €967k
Cash flow
€1.07M▲
2024 · €753k
Solvency
65.9%▲
2024 · 62.2%
Current ratio
3.36▲
2024 · 2.87
Quick ratio
3.08▲
2024 · 2.61
Debt / equity
0.52▼
2024 · 0.61
ROE
19.3%▲
2024 · 16.6%
ROA
12.7%▲
2024 · 10.3%
Interest coverage
34.05▼
2024 · 35.63
Debt
€2.28M▲
2024 · €2.16M
Debt ≤ 1 year
€1.66M▲
2024 · €1.61M
Debt > 1 year
€623k▲
2024 · €545k
Income taxes
€302k▲
2024 · €204k
Staff costs
€2.52M▲
2024 · €2.13M
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€5.72M€6.70M▲
Fixed assets21/28€1.09M€1.12M▲
Intangible fixed assets21€18k€14k▼
Tangible fixed assets22/27€1.08M€1.10M▲
Land and buildings22€223k€201k▼
Plant, machinery and equipment23€55k€49k▼
Furniture and vehicles24€458k€405k▼
Other tangible fixed assets26€340k€448k▲
Financial fixed assets28€290€300▲
Current assets29/58€4.63M€5.58M▲
Amounts receivable after more than one year29€250k€250k=
Other amounts receivable291€250k€250k=
Stocks and contracts in progress3€415k€457k▲
Stocks30/36€415k€457k▲
Amounts receivable within one year40/41€2.82M€2.28M▼
Trade receivables40€2.59M€1.99M▼
Other amounts receivable41€230k€294k▲
Cash at bank and in hand54/58€1.10M€2.53M▲
Deferred charges and accrued income490/1€45k€59k▲
Equity and liabilities
Total equity and liabilities10/49€5.72M€6.70M▲
Equity10/15€3.56M€4.41M▲
Contributions10/11€100k€100k=
Capital10€80k€80k=
Issued capital100€80k€80k=
Outside capital11€20k€20k=
Share premium1100/10€20k€20k=
Reserves13€3.46M€4.31M▲
Non-distributable reserves130/1€8k€8k=
Legal reserve130€8k€8k=
Distributable reserves133€3.45M€4.31M▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€2.16M€2.28M▲
Amounts payable after more than one year17€545k€623k▲
Financial debts170/4€545k€623k▲
Amounts payable within one year42/48€1.61M€1.66M▲
Current portion of amounts payable after more than one year42€156k€198k▲
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€1.14M€1.12M▼
Suppliers440/4€1.14M€1.12M▼
Taxes, remuneration and social security45€161k€316k▲
Taxes450/3€29k€91k▲
Remuneration and social security454/9€132k€225k▲
Other amounts payable47/48€158k€26k▼
Accrued charges and deferred income492/3€2k€382▼
Income statement
Code20242025
Non-recurring operating income76A€8k€785▼
Remuneration, social security and pensions62€2.13M€2.52M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€163k€213k▲
Other operating charges640/8€57k€86k▲
Non-recurring operating charges66A€24k€0▼
Gross operating margin9900€3.18M€4.00M▲
Operating profit (loss)9901€804k€1.19M▲
Financial income75/76B€17k€8k▼
Recurring financial income75€17k€8k▼
Financial charges65/66B€27k€41k▲
Recurring financial charges65€27k€41k▲
Profit (loss) for the period before taxes9903€794k€1.16M▲
Income taxes67/77€204k€302k▲
Profit (loss) for the period9904€590k€853k▲
Profit (loss) for the period to be appropriated9905€590k€853k▲
Appropriation of the result
Profit (loss) to be appropriated9906€590k€853k▲
Transfer to equity691/2€440k€853k▲
To other reserves6921€440k€853k▲
Profit to be distributed694/7€150k€0▼
Return on contributions (dividend)694€150k€0▼
Social balance
Average headcount (FTE)908728.431.5▲
The notes to these accounts (22 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €853k ▲44.7%
Operating result €1.19M, net result €853k, both a record.
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €413k ▼4.1%
Net result drops to €413k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €2MEq €2.02M ▲13.1%
2 profitable years in a row build equity to €2.02M.
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 23 days late
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Lochristi · 1 establishment unit since 1981
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.
Ambachtenlaan 59080 LochristiGround area
4,807 m²
Building footprint
1,609 m²
Volume, LiDAR
12,458 m³
Parcel 44077B0001/00D002, Flanders · tallest building 9.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Matthijs Installatie NV
since 19812.018.207.239
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44077B0001/00D002 | Flanders | 4,807 m² | 1 · 1,609 m² | 9.7 m · 3 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 16,521 EUR awarded · 16,195 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,483 EUR | 2,699 EUR |
| 2024 | 1 | 6,434 EUR | 6,389 EUR |
| 2023 | 1 | 2,194 EUR | 3,484 EUR |
| 2022 | 1 | 5,410 EUR | 3,623 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
3 categoriesMATTHIJS NV16260
Dual-learning approval
7 live approvals · 4 endedHoeknaadlasser duaal (so)
Lassen-constructie duaal (so)
Monteur sanitaire en verwarmingsinstallaties duaal (so)
Sanitaire en verwarmingsinstallaties duaal (so)
Technicus installatietechnieken (vwo)
Technicus installatietechnieken duaal (so)
Show 1 more
Vakman installatietechnieken (vwo)
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Of 9,478 companies in sector 43222 we hold annual accounts for 5,626. 1,074 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded23-12-1980
Fiscal year end31-12
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
Sources
Crossroads Bank for EnterprisesNational Bank · 45 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.