Mixed Matrix Material Innovations
ActiveSummary
Mixed Matrix Material Innovations has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €107k and a net result of €-51k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 95% of 524 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 86.18 against 3.76 in 2024; short-term debt: 1% and cash: 76.1% of total assets), and 1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three 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 72
Relative position
BE, all sectors
reference
Scientific research and development (NACE 72)
about 30% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
99%
Return on assets
-47.3%
Age of the figures
9 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 03-07-2026, 28 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
28 d early
2024
23 d early
2023
29 d late
2022
28 d early
2021
30 d early
2020
29 d early
2019
23 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€107k▼ 43.2%
2024 · €188k
2018: €-371
2019: €-6k▼ -1544% vs 2018lowest in 8 years
2020: €42k▲ +787% vs 2019
2021: €51k▲ +22.8% vs 2020
2022: €29k▼ -43.0% vs 2021
2023: €153k▲ +422% vs 2022
2024: €188k▲ +22.6% vs 2023highest in 8 years
2025: €107k▼ -43.2% vs 2024
2018 → 2025
Total assets
€108k▼ 56.3%
2024 · €246k
2018: €16k
2019: €8k▼ -46.8% vs 2018lowest in 8 years
2020: €64k▲ +650% vs 2019
2021: €64k● +0.0% vs 2020
2022: €41k▼ -35.7% vs 2021
2023: €177k▲ +331% vs 2022
2024: €246k▲ +39.4% vs 2023highest in 8 years
2025: €108k▼ -56.3% vs 2024
2018 → 2025
Net result
€-51k
2024 · €93k
2018: €-7k
2019: €-6k▲ +12.8% vs 2018
2020: €48k▲ +937% vs 2019
2021: €10k▼ -80.1% vs 2020
2022: €-22k▼ -332% vs 2021
2023: €116k▲ +623% vs 2022highest in 8 years
2024: €93k▼ -19.2% vs 2023
2025: €-51k▼ -155% vs 2024lowest in 8 years
2018 → 2025
Working capital
€88k▼ 45.9%
2024 · €162k
2018: €-912
2019: €-6k▼ -608% vs 2018lowest in 8 years
2020: €40k▲ +715% vs 2019
2021: €50k▲ +26.7% vs 2020
2022: €29k▼ -43.2% vs 2021
2023: €143k▲ +401% vs 2022
2024: €162k▲ +13.2% vs 2023highest in 8 years
2025: €88k▼ -45.9% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€51k-€29k▼ 43.0%€153k▲ 422%€188k▲ 22.6%€107k▼ 43.2%
2021: €51k
2022: €29k▼ -43.0% vs 2021lowest in 5 years
2023: €153k▲ +422% vs 2022
2024: €188k▲ +22.6% vs 2023highest in 5 years
2025: €107k▼ -43.2% vs 2024
Operating result€13k-€-21k€116k€94k▼ 19.0%€-50k
2021: €13k
2022: €-21k▼ -262% vs 2021
2023: €116k▲ +644% vs 2022highest in 5 years
2024: €94k▼ -19.0% vs 2023
2025: €-50k▼ -153% vs 2024lowest in 5 years
Net result€10k-€-22k€116k€93k▼ 19.2%€-51k
2021: €10k
2022: €-22k▼ -332% vs 2021
2023: €116k▲ +623% vs 2022highest in 5 years
2024: €93k▼ -19.2% vs 2023
2025: €-51k▼ -155% vs 2024lowest in 5 years
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 €50k after €94k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €108k
Fixed assets
€19k ▼ 25.7%
Current assets
€89k ▼ 59.8%
Equity and liabilities €108k
Equity
€107k ▼ 43.2%
Debt
€1k ▼ 98.2%
Debt's share of the balance-sheet total falls from 23.8% to 1.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-32k▼
2024 · €99k
Cash flow
€-33k▼
2024 · €98k
Current ratio
86.18▲
2024 · 3.76
Debt to equity
0.01▼
2024 · 0.31
ROE
-47.8%▼
2024 · 49.8%
ROA
-47.3%▼
2024 · 37.9%
Interest coverage
-178.39▼
2024 · 446.49
Debt ≤ 1 year
€1k▼
2024 · €59k
Income taxes
€593▲
2024 · €499
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€246k€108k▼
Fixed assets21/28€26k€19k▼
Tangible fixed assets22/27€26k€19k▼
Plant, machinery and equipment23€22k€16k▼
Furniture and vehicles24€4k€3k▼
Current assets29/58€221k€89k▼
Amounts receivable within one year40/41€7k€4k▼
Trade receivables40-€1k
Other amounts receivable41€7k€3k▼
Cash at bank and in hand54/58€213k€82k▼
Deferred charges and accrued income490/1€593€3k▲
Equity and liabilities
Total equity and liabilities10/49€246k€108k▼
Equity10/15€188k€107k▼
Contributions10/11€19k€19k=
Reserves13€45k€45k=
Distributable reserves133€45k€45k=
Profit (loss) carried forward14€124k€43k▼
Amounts payable17/49€59k€1k▼
Amounts payable within one year42/48€59k€1k▼
Trade debts44€65-
Suppliers440/4€65-
Taxes, remuneration and social security45€9k€593▼
Taxes450/3€9k€593▼
Other amounts payable47/48€50k€435▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€18k▲
Other operating charges640/8€2k€819▼
Gross operating margin9900€102k€-32k▼
Operating profit (loss)9901€94k€-50k▼
Financial income75/76B€1€1▲
Recurring financial income75€1€1▲
Financial charges65/66B€222€182▼
Recurring financial charges65€222€182▼
Profit (loss) for the period before taxes9903€94k€-50k▼
Income taxes67/77€499€593▲
Profit (loss) for the period9904€93k€-51k▼
Profit (loss) for the period to be appropriated9905€93k€-51k▼
Appropriation of the result
Profit (loss) to be appropriated9906€183k€73k▼
Profit (loss) brought forward from the previous period14P€89k€124k▲
Profit to be distributed694/7€59k€30k▼
Return on contributions (dividend)694€59k€30k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €505 | €373 | €581 | €5k | €18k | ▲ 248% |
| Other operating charges640/8 | €598 | €542 | €739 | €2k | €819 | ▼ 66.2% |
| Gross operating margin9900 | €14k | €-20k | €118k | €102k | €-32k | ▼ 131% |
| Operating profit (loss)9901 | €13k | €-21k | €116k | €94k | €-50k | ▼ 153% |
| Financial income75/76B | €0 | €1 | - | €1 | €1 | ▲ 45.7% |
| Recurring financial income75 | €0 | €1 | - | €1 | €1 | ▲ 45.7% |
| Financial charges65/66B | €208 | €200 | €206 | €222 | €182 | ▼ 18.1% |
| Recurring financial charges65 | €208 | €200 | €206 | €222 | €182 | ▼ 18.1% |
| Profit (loss) for the period before taxes9903 | €13k | €-22k | €116k | €94k | €-50k | ▼ 154% |
| Income taxes67/77 | €3k | €520 | €520 | €499 | €593 | ▲ 19.0% |
| Profit (loss) for the period9904 | €10k | €-22k | €116k | €93k | €-51k | ▼ 155% |
| Profit (loss) for the period to be appropriated9905 | €10k | €-22k | €116k | €93k | €-51k | ▼ 155% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €64k | €41k | €177k | €246k | €108k | ▼ 56.3% |
| Fixed assets21/28 | €1k | €760 | €10k | €26k | €19k | ▼ 25.7% |
| Tangible fixed assets22/27 | €1k | €760 | €10k | €26k | €19k | ▼ 25.7% |
| Plant, machinery and equipment23 | €1k | €760 | €5k | €22k | €16k | ▼ 25.7% |
| Furniture and vehicles24 | - | - | €5k | €4k | €3k | ▼ 25.8% |
| Current assets29/58 | €63k | €40k | €167k | €221k | €89k | ▼ 59.8% |
| Amounts receivable within one year40/41 | €1k | €7k | €9k | €7k | €4k | ▼ 44.5% |
| Trade receivables40 | - | €1k | - | - | €1k | - |
| Other amounts receivable41 | €1k | €6k | €9k | €7k | €3k | ▼ 61.1% |
| Cash at bank and in hand54/58 | €60k | €33k | €157k | €213k | €82k | ▼ 61.6% |
| Deferred charges and accrued income490/1 | €1k | €495 | €594 | €593 | €3k | ▲ 411% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €64k | €41k | €177k | €246k | €108k | ▼ 56.3% |
| Equity10/15 | €51k | €29k | €153k | €188k | €107k | ▼ 43.2% |
| Contributions10/11 | €6k | €6k | €19k | €19k | €19k | = |
| Reserves13 | €45k | €45k | €45k | €45k | €45k | = |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €43k | €43k | €45k | €45k | €45k | = |
| Profit (loss) carried forward14 | - | €-22k | €89k | €124k | €43k | ▼ 65.4% |
| Amounts payable17/49 | €12k | €12k | €24k | €59k | €1k | ▼ 98.2% |
| Amounts payable within one year42/48 | €12k | €12k | €24k | €59k | €1k | ▼ 98.2% |
| Current portion of amounts payable after more than one year42 | €2k | €2k | - | - | - | - |
| Trade debts44 | - | - | €10k | €65 | - | - |
| Suppliers440/4 | - | - | €10k | €65 | - | - |
| Taxes, remuneration and social security45 | - | - | €623 | €9k | €593 | ▼ 93.3% |
| Taxes450/3 | - | - | €623 | €9k | €593 | ▼ 93.3% |
| Other amounts payable47/48 | €11k | €10k | €13k | €50k | €435 | ▼ 99.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10k | €-22k | €116k | €93k | €-51k | ▼ 155% |
| + Depreciation and write-downs630 | €505 | €373 | €581 | €5k | €18k | ▲ 248% |
| Operating cash flow (approximation) | €10k | €-22k | €116k | €98k | €-33k | ▼ 134% |
| Investment in fixed assets (approximation) | - | €0 | €-10k | €-21k | €-11k | ▲ 46.6% |
| Change in cash | - | €-28k | €125k | €56k | €-131k | ▼ 335% |
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
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-51k
Net result drops to €-51k, the lowest in the series.
31-12
Financial
Liquidity times 23current ratio 86.18
Current ratio from 3.76 to 86.18; short-term debt falls from €59k to €1k.
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Back to profitnet €116k
Net result €116k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 7.08
Current ratio from 3.46 to 7.08.
31-12
Financial
Equity above €150kEq €153k ▲422%
Equity rises from €29k to €153k.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €48k
Net result €48k after 2 loss-making years.
Show earlier events
31-12
Financial
Liquidity times 5current ratio 2.82
Current ratio from 0.56 to 2.82.
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · 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, Wommelgem · 1 establishment unit since 2018
Ground area
468 m²
Building footprint
115 m²
Volume, LiDAR
625 m³
Parcel 11052A0240/00T000, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Mixed Matrix Material Innovations
since 20182.272.717.423
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11052A0240/00T000 | Flanders | 468 m² | 1 · 115 m² | 9.3 m · 2 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 1,177 companies in sector 72109 we hold annual accounts for 716. 448 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
Founded09-01-2018
Fiscal year end31-12
Activities, NACEBEL 2025
72109Other research and development on natural sciences
70200Business and other management consultancy
74999Other professional, scientific and technical activities
Contact
E-mail
wim.doyen@yahoo.com
Scores and ratios are computed by Checked and are not a credit decision.