MATU
ActiveSummary
MATU has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €63,900 and a net result of €25,095. Equity is growing by ~6.7% per year across the filed fiscal years. Its solvency ranks better than 35% of 28184 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability85▲+11
Solvency58▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity ample (current ratio 1.55 against 1.22 in 2024; short-term debt: 35.2% and cash: 31.3% of total assets), but 66.8% 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
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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
33.2%
Return on assets
13%
Age of the figures
9 mo
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
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 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
28 d early
2023
24 d early
2022
3 d early
2021
4 d early
2020
11 d early
2019
3 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 14 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€63,900▲ 64.7%
2024 · €38,806
Total assets
€192,637▲ 27.2%
2024 · €151,429
Net result
€25,095▲ 263%
2024 · €6,917
Working capital
€37,313▲ 122%
2024 · €16,844
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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€23,455▲ 233%€7,770▼ 66.9%€5,094▼ 34.4%€13,347▲ 162%€39,051▲ 193%
Net result€17,328within the sector's middle half▲ 294%€5,075within the sector's middle half▼ 70.7%€325below the sector's middle half▼ 93.6%€6,917within the sector's middle half▲ 2,030%€25,095within the sector's middle half▲ 263%
Equity€74,089within the sector's middle half▲ 30.5%€79,164within the sector's middle half▲ 6.8%€79,489within the sector's middle half▲ 0.4%€38,806within the sector's middle half▼ 51.2%€63,900within the sector's middle half▲ 64.7%
Total assets€146,869within the sector's middle half▲ 20.8%€121,026within the sector's middle half▼ 17.6%€112,670within the sector's middle half▼ 6.9%€151,429within the sector's middle half▲ 34.4%€192,637within the sector's middle half▲ 27.2%
Debt€72,780▲ 12.4%€41,862▼ 42.5%€33,182▼ 20.7%€112,624▲ 239%€128,737▲ 14.3%
Working capital€39,349▲ 15.2%€49,669▲ 26.2%€51,665▲ 4.0%€16,844▼ 67.4%€37,313▲ 122%
Solvency50.4%within the sector's middle half▲ 3.7pp65.4%within the sector's middle half▲ 15.0pp70.5%above the sector's middle half▲ 5.1pp25.6%within the sector's middle half▼ 44.9pp33.2%within the sector's middle half▲ 7.5pp
Staff (FTE)1.9▲ 90.0%1.5▼ 21.1%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction 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
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 193% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €192,637
Fixed assets
€87,522 ▲ 48.7%
Current assets
€105,115 ▲ 13.6%
Equity and liabilities €192,637
Equity
€63,900 ▲ 64.7%
Debt
€128,737 ▲ 14.3%
Debt's share of the balance-sheet total falls from 74.4% to 66.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€48,865▲
2024 · €27,543
Cash flow
€34,909▲
2024 · €21,113
Current ratio
1.55▲
2024 · 1.22
Quick ratio
1.37▲
2024 · 1.13
Debt to equity
2.01▼
2024 · 2.90
ROE
39.3%▲
2024 · 17.8%
ROA
13.0%▲
2024 · 4.6%
Interest coverage
7.41▲
2024 · 6.49
Debt ≤ 1 year
€67,802▼
2024 · €75,721
Debt > 1 year
€57,460▲
2024 · €35,025
Income taxes
€7,367▲
2024 · €3,051
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.9% 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 497,058 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% | 1.6% |
| 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 74% 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 34,672 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 | €82,234 | €41,132 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,527 | €12,448 | €20,444 | €14,196 | €9,815 | ▼ 30.9% |
| Other operating charges640/8 | €729 | €4,042 | €2,820 | €4,379 | €6,789 | ▲ 55.0% |
| Gross operating margin9900 | €123,944 | €65,392 | €28,359 | €31,922 | €55,655 | ▲ 74.3% |
| Operating profit (loss)9901 | €23,455 | €7,770 | €5,094 | €13,347 | €39,051 | ▲ 193% |
| Financial income75/76B | €28 | €477 | €283 | €867 | €4 | ▼ 99.6% |
| Recurring financial income75 | €28 | €477 | €283 | €867 | €4 | ▼ 99.6% |
| Financial charges65/66B | €1,339 | €1,932 | €1,545 | €4,246 | €6,593 | ▲ 55.3% |
| Recurring financial charges65 | €1,339 | €1,932 | €1,545 | €4,246 | €6,593 | ▲ 55.3% |
| Profit (loss) for the period before taxes9903 | €22,143 | €6,315 | €3,832 | €9,968 | €32,461 | ▲ 226% |
| Income taxes67/77 | €4,815 | €1,241 | €3,508 | €3,051 | €7,367 | ▲ 141% |
| Profit (loss) for the period9904 | €17,328 | €5,075 | €325 | €6,917 | €25,095 | ▲ 263% |
| Profit (loss) for the period to be appropriated9905 | €17,328 | €5,075 | €325 | €6,917 | €25,095 | ▲ 263% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €146,869 | €121,026 | €112,670 | €151,429 | €192,637 | ▲ 27.2% |
| Fixed assets21/28 | €67,499 | €51,267 | €36,013 | €58,864 | €87,522 | ▲ 48.7% |
| Tangible fixed assets22/27 | €65,999 | €47,667 | €32,413 | €58,864 | €87,522 | ▲ 48.7% |
| Plant, machinery and equipment23 | €3,548 | €3,283 | €2,025 | €1,258 | €697 | ▼ 44.6% |
| Furniture and vehicles24 | €61,247 | €41,730 | €28,799 | €56,479 | €86,162 | ▲ 52.6% |
| Other tangible fixed assets26 | €1,204 | €2,654 | €1,589 | €1,126 | €663 | ▼ 41.1% |
| Financial fixed assets28 | €1,500 | €3,600 | €3,600 | - | - | - |
| Current assets29/58 | €79,370 | €69,759 | €76,657 | €92,565 | €105,115 | ▲ 13.6% |
| Stocks and contracts in progress3 | €3,673 | €6,256 | €8,356 | €6,966 | €12,484 | ▲ 79.2% |
| Stocks30/36 | €3,673 | €6,256 | €8,356 | €6,966 | €12,484 | ▲ 79.2% |
| Amounts receivable within one year40/41 | €37,273 | €34,999 | €39,756 | €20,654 | €30,009 | ▲ 45.3% |
| Trade receivables40 | €37,088 | €26,235 | €29,106 | €18,367 | €22,948 | ▲ 24.9% |
| Other amounts receivable41 | €185 | €8,764 | €10,650 | €2,287 | €7,062 | ▲ 209% |
| Cash at bank and in hand54/58 | €34,899 | €26,939 | €25,425 | €63,954 | €60,231 | ▼ 5.8% |
| Deferred charges and accrued income490/1 | €3,524 | €1,565 | €3,120 | €992 | €2,391 | ▲ 141% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €146,869 | €121,026 | €112,670 | €151,429 | €192,637 | ▲ 27.2% |
| Equity10/15 | €74,089 | €79,164 | €79,489 | €38,806 | €63,900 | ▲ 64.7% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €18,600 | €18,600 | = |
| Reserves13 | €61,860 | €61,860 | €61,860 | €1,860 | €40,000 | ▲ 2,051% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €60,000 | €60,000 | €61,860 | €1,860 | €40,000 | ▲ 2,051% |
| Profit (loss) carried forward14 | €6,029 | €11,104 | €11,429 | €18,346 | €5,300 | ▼ 71.1% |
| Amounts payable17/49 | €72,780 | €41,862 | €33,182 | €112,624 | €128,737 | ▲ 14.3% |
| Amounts payable after more than one year17 | €32,759 | €21,772 | €8,189 | €35,025 | €57,460 | ▲ 64.1% |
| Financial debts170/4 | €32,759 | €20,572 | €6,989 | €35,025 | €57,460 | ▲ 64.1% |
| Other amounts payable178/9 | - | €1,200 | €1,200 | - | - | - |
| Amounts payable within one year42/48 | €40,021 | €20,089 | €24,992 | €75,721 | €67,802 | ▼ 10.5% |
| Current portion of amounts payable after more than one year42 | €21,909 | €13,076 | €13,583 | €16,845 | €14,096 | ▼ 16.3% |
| Trade debts44 | €10,250 | €6,391 | €7,902 | €3,372 | €5,138 | ▲ 52.4% |
| Suppliers440/4 | €10,250 | €6,391 | €7,902 | €3,372 | €5,138 | ▲ 52.4% |
| Taxes, remuneration and social security45 | €4,551 | €622 | €3,507 | €3,507 | €3,530 | ▲ 0.6% |
| Taxes450/3 | €4,551 | €622 | €3,507 | €3,507 | €3,530 | ▲ 0.6% |
| Other amounts payable47/48 | €3,311 | - | - | €51,996 | €45,037 | ▼ 13.4% |
| Accrued charges and deferred income492/3 | - | - | - | €1,877 | €3,476 | ▲ 85.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,328 | €5,075 | €325 | €6,917 | €25,095 | ▲ 263% |
| + Depreciation and write-downs630 | €17,527 | €12,448 | €20,444 | €14,196 | €9,815 | ▼ 30.9% |
| Operating cash flow (approximation) | €34,855 | €17,522 | €20,769 | €21,113 | €34,909 | ▲ 65.3% |
| Investment in fixed assets (approximation) | - | €3,785 | -€5,191 | -€37,046 | -€38,473 | ▼ 3.9% |
| Change in cash | - | -€7,960 | -€1,515 | €38,529 | -€3,723 | ▼ 110% |
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
17-07
State Gazette act
Appointment: Thalia Van de Perre (non-statutory director)3 facts ▸
State Gazette act
Appointment: Thalia Van de Perre (non-statutory director)
3 facts ▸
- Other statement, publication reference number, 26092814
- General meeting, 13-06-2026
- Director appointment, Thalia Van de Perre (non-statutory director)
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €25,095 ▲263%
Operating result €39,051, net result €25,095, both a record.
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
07-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €325 ▼93.6%
Net result drops to €325, the lowest in the series; recovery starts the following year.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
04-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 4 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Thalia Van de Perre
CurrentNon-statutory director · since 01-04-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
3 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Puurs-Sint-Amands · 1 establishment unit since 2014
Ground area
273 m²
Building footprint
72 m²
Volume, LiDAR
547 m³
Parcel 12030B0537/00X003, Flanders · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MATU BVBA
since 20142.236.182.372
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12030B0537/00X003 | Flanders | 273 m² | 1 · 72 m² | 10.3 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.
Mandate history
1 person since 2026, 1 in office
- Board
| Name | Functions and periods |
|---|---|
| Thalia Van de Perre |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Of 1,366 companies in sector 43110 we hold annual accounts for 635. 489 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
Founded01-10-2014
Fiscal year end31-12
Activities, NACEBEL 2025
43110Demolition
41001General construction of residential buildings
43212Electrical installation work in industrial facilities
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43320Joinery installation
43410Roofing work
43421Specialised construction activities
46431Wholesale of electrical household appliances and audio-video equipment
47251Retail sale of wines and spirits
81220Other building cleaning and industrial cleaning
E-invoicing
Reachable via Peppol
Peppol ID
0208:0563511008
Also
9925:BE0563511008
Registered
09-02-2024
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.