MATTHYS-CONSTRUCT
ActiveSummary
MATTHYS-CONSTRUCT has been active since 2000 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €712,006 and a net result of €3,670. Equity remains stable across the filed financial years (±0.1% per year). Its solvency ranks better than 30% of 9,723 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
- Staff
- 22.5 FTE
- Equity
- €712,006
- Profit
- €3,670
- BLAUWVOET LODirector · permanent representative Geert MATTHYS
- MATTANJADirector · permanent representative Patriek MATTHYS
Why 84raises riskLatest accounts 31 days late; 1 of the last 3 lateSize: 22.5 FTE, total assets €3.0mlowers riskFounded in 2000Liquidity: current ratio 1.31, cash €1.1mShow the evidence
Checked score
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 46, small): better than 27% on solvency, 70% on liquidity, 23% on profitability and 36% on growth.
The bankruptcy probability was computed on 21-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 7 accounts on average 8 days before the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Annual accounts filedfinancial year 2024 · abbreviated…
- Back to profitnet €355,694
Financials · financial year 2025, abbreviated format
2025 annual accounts filed late (31 days) Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00458092.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 96% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 4,685 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 96.9% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 4,685 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €1.2m | €1.1m | €1.1m | €1.3m | €1.5m | ▲ 11.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0.002m | -€0.007m | €0 | -€0.01m | €0.1m | - |
| Other operating charges640/8 | - | - | - | €111 | €240 | €0.001m | €0.001m | €332 | ▼ 70.0% |
| Gross operating margin9900 | €0.9m | €1.3m | €1.0m | €1.3m | €1.2m | €1.1m | €1.7m | €1.6m | ▼ 2.7% |
| Operating profit (loss)9901 | €0.1m | €0.3m | €0.02m | €0.06m | €0.1m | -€0.002m | €0.4m | €0.01m | ▼ 96.0% |
| Financial income75/76B | - | - | - | €0.007m | €0 | €137 | €0 | - | - |
| Recurring financial income75 | - | €0.001m | €0.005m | €0.007m | €0 | €137 | €0 | - | - |
| Financial charges65/66B | - | - | - | €0.02m | €0.01m | €0.003m | €0.005m | €0.007m | ▲ 48.2% |
| Recurring financial charges65 | €0.02m | €0.08m | €0.02m | €0.02m | €0.01m | €0.003m | €0.005m | €0.007m | ▲ 48.2% |
| Profit (loss) for the period before taxes9903 | €0.1m | €0.2m | €0.004m | €0.05m | €0.09m | -€0.005m | €0.4m | €0.007m | ▼ 97.9% |
| Income taxes67/77 | €0.002m | €0.003m | €0.003m | €0.003m | €0.004m | €95 | €0.002m | €0.004m | ▲ 108% |
| Profit (loss) for the period9904 | €0.1m | €0.2m | €0.001m | €0.05m | €0.08m | -€0.005m | €0.4m | €0.004m | ▼ 99.0% |
| Profit (loss) for the period to be appropriated9905 | €0.1m | €0.2m | €0.001m | €0.05m | €0.08m | -€0.005m | €0.4m | €0.004m | ▼ 99.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €2.1m | €4.1m | €2.3m | €3.6m | €2.9m | €3.0m | €2.0m | €3.0m | ▲ 46.8% |
| Current assets29/58 | €2.1m | €4.1m | €2.3m | €3.6m | €2.9m | €3.0m | €2.0m | €3.0m | ▲ 46.8% |
| Stocks and contracts in progress3 | - | €0.4m | €0.1m | €0.4m | €0.05m | €0.2m | €0 | €0.04m | - |
| Contracts in progress37 | - | - | - | €0.4m | €0.05m | €0.2m | €0 | €0.04m | - |
| Amounts receivable within one year40/41 | €1.6m | €1.9m | €0.9m | €2.0m | €2.2m | €1.9m | €1.5m | €1.9m | ▲ 28.2% |
| Trade receivables40 | - | - | - | €1.4m | €1.4m | €1.6m | €1.1m | €1.5m | ▲ 46.5% |
| Other amounts receivable41 | - | - | - | €0.6m | €0.7m | €0.2m | €0.4m | €0.3m | ▼ 19.4% |
| Cash at bank and in hand54/58 | €0.5m | €1.9m | €1.3m | €1.2m | €0.7m | €0.9m | €0.6m | €1.1m | ▲ 87.5% |
| Deferred charges and accrued income490/1 | - | - | - | €0.004m | €0.005m | €0.005m | €0.005m | €0.005m | ▲ 5.2% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €2.1m | €4.1m | €2.3m | €3.6m | €2.9m | €3.0m | €2.0m | €3.0m | ▲ 46.8% |
| Equity10/15 | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | ▲ 0.5% |
| Contributions10/11 | €0.1m | €0.1m | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Reserves13 | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | ▲ 0.6% |
| Non-distributable reserves130/1 | - | - | - | €0.02m | €0.02m | €0.02m | €0 | €0.02m | - |
| Reserves not available under the articles1311 | - | - | - | €0.02m | €0.02m | €0.02m | €0 | €0.02m | - |
| Distributable reserves133 | - | - | - | €0.5m | €0.6m | €0.5m | €0.6m | €0.6m | ▼ 2.8% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €1.4m | €3.4m | €1.6m | €2.9m | €2.2m | €2.3m | €1.3m | €2.3m | ▲ 71.8% |
| Amounts payable within one year42/48 | €1.4m | €3.4m | €1.6m | €2.9m | €2.2m | €2.3m | €1.3m | €2.3m | ▲ 71.8% |
| Trade debts44 | €1.1m | €1.6m | €0.9m | €2.0m | €1.7m | €1.8m | €0.8m | €1.6m | ▲ 94.8% |
| Suppliers440/4 | - | - | - | €2.0m | €1.7m | €1.8m | €0.8m | €1.6m | ▲ 94.8% |
| Advances received on contracts in progress46 | - | - | - | €0.5m | €0.08m | €0.2m | €0 | €0.1m | - |
| Taxes, remuneration and social security45 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.5m | ▲ 270% |
| Taxes450/3 | - | - | - | €0.006m | €0.007m | €0.009m | €0.002m | €0.4m | ▲ 20,044% |
| Remuneration and social security454/9 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 3.2% |
| Other amounts payable47/48 | - | - | - | €0.2m | €0.4m | €0.09m | €0.4m | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.1m | €0.2m | €0.001m | €0.05m | €0.08m | -€0.005m | €0.4m | €0.004m | ▼ 99.0% |
| Operating cash flow (approximation) | €0.1m | €0.2m | €0.001m | €0.05m | €0.08m | -€0.005m | €0.4m | €0.004m | ▼ 99.0% |
| Change in cash | - | €1.4m | -€0.6m | -€0.1m | -€0.5m | €0.2m | -€0.3m | €0.5m | - |
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 25 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 31-08-2026 | 2026-00458092 |
| 31-12-2024 | abbreviated format | 18-07-2025 | 2025-00286856 |
| 31-12-2023 | abbreviated format | 15-07-2024 | 2024-00251315 |
| 31-12-2022 | abbreviated format | 20-07-2023 | 2023-00255712 |
| 31-12-2021 | abbreviated format | 14-07-2022 | 2022-20185925 |
| 31-12-2020 | abbreviated format | 16-07-2021 | 2021-36300414 |
| 31-12-2019 | abbreviated format | 16-07-2020 | 2020-31100398 |
| 31-12-2018 | abbreviated format | 17-07-2019 | 2019-34100447 |
| 31-12-2017 | abbreviated format | 22-06-2018 | 2018-21400574 |
| 31-12-2016 | full format | 04-05-2017 | 2017-11400005 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2022 to 2025 · 4 entries · €5,888 awarded · €6,200 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €1,474 | €1,474 |
| 2024 | 1 | €1,242 | €1,242 |
| 2023 | 1 | €750 | €1,062 |
| 2022 | 1 | €2,422 | €2,422 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 2
Permanent representatives 2
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| BLAUWVOET LO |
|
| MATTANJA |
|
Owners and capital
Capital and shareholders
- 04-07-2024 Capital stated in the deed · 750 shares
Group and network
Connections & network
2 current directorsThe board mandates are listed below; here you explore them as a network.
History
Acts, filings and financial milestones
04-07
Gazette deed
Purpose · Amendment of the articles · Legal-form change · Resignations & appointmentsReappointments: BLAUWVOET LO (director) and MATTANJA (director) · Permanent representatives: Geert MATTHYS and Patriek MATTHYS · Incorporation15 facts ▸
- General meeting, 25-06-2024
- Incorporation, 04-07-2000
- Amendment of the articles (2 times)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening, eigen vermogensrekening niet-opgevraagde inbrengen” (deed in Dutch)
- Reserve release, “middelen beschikbaar voor uitkering, geldt voor eventuele toekomstige bijstortingen van in verleden geplaatst nog niet gestort kapitaaldeel geboekt op niet-opge…” (deed in Dutch)
- Other provision, “verslag bestuursorgaan met verantwoording voorgestelde voorwerpwijziging, iedere aanwezige aandeelhouder erkent kennisname” (deed in Dutch)
- Purpose change
- Capital
- Director reappointment, BLAUWVOET LO (director)
- Permanent representative, Geert MATTHYS
- Director reappointment, MATTANJA (director)
- Permanent representative, Patriek MATTHYS
- +3 further facts in this act
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 22 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0472.257.960
Recognitions · licences · registrations
Recognised contractor
10 categories- D General building contractsclass 1, up to €162,000
- D1 All shell construction and roofing-in of buildingsclass 1, up to €162,000
- D8 Asphalt and similar roof coverings, waterproofingclass 1, up to €162,000
- D20 Metal joineryclass 1, up to €162,000
- D22 Metal roofing and zinc workclass 1, up to €162,000
- D29 Floor screeds and industrial floor coveringsclass 1, up to €162,000
- F General steel construction contractsclass 3, up to €600,000
- F1 Assembly and dismantling (without supplies)class 1, up to €162,000
Show all 10 categories
- F2 Steel load-bearing structuresclass 3, up to €600,000
- F3 Industrial paintingclass 1, up to €162,000
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 32014C0557/00E006 | Flanders | 5,706 m² | 1 · 3,715 m² | 9.0 m · 2 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Matthys-Construct
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, bij enkel besluit bestuursorgaan administratieve zetels,agentschappen,werkhuizen,stapelplaatsen,bijkantoren in België of…” (deed in Dutch)
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.
- “Één of meer bestuurders, bestuursorgaan” (deed in Dutch)
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.
- “Prijs bepaald in het waarderingsrapport van de deskundige, drie maanden na ontvangst beslissing algemene vergadering houdende weigering” (deed in Dutch)2 more provisions on this in the deed
- Share issue ruleHow and by whom new shares can be issued.
- “Inbreng in geld met nieuwe aandelen-voorkeurrecht, openstelling intekening” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Friday of June at 17:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Algemene vergadering, vormen vereist voor statutenwijziging” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Ontbinding om welke reden en op welk ogenblik ook, algemene vergadering mag één of meerdere vereffenaars aanduiden,bevoegdheden omlijnen en…” (deed in Dutch)