S L MAT
ActiveSummary
S L MAT has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €59k and a net result of €11k. Equity is growing by ~34.7% per year across the filed fiscal years. Its solvency ranks better than 31% of 11389 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▲+10
Solvency41▲+1
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity short (current ratio 0.82 against 1.04 in 2024; short-term debt: 65.8% of total assets), and 83.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← 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
16.2%
Return on assets
3.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
17 d early
2022
25 d early
2021
2 d early
2020
9 d late
2019
35 d late
← 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
€59k▲ 23.1%
2024 · €48k
2018: €-26klowest in 8 years
2019: €-2k▲ +93.6% vs 2018
2020: €12k▲ +802% vs 2019
2021: €18k▲ +54.5% vs 2020
2022: €37k▲ +109% vs 2021
2023: €44k▲ +18.2% vs 2022
2024: €48k▲ +7.6% vs 2023
2025: €59k▲ +23.1% vs 2024highest in 8 years
2018 → 2025
Total assets
€361k▲ 10.3%
2024 · €328k
2018: €110klowest in 8 years
2019: €112k▲ +2.2% vs 2018
2020: €153k▲ +36.2% vs 2019
2021: €211k▲ +37.4% vs 2020
2022: €249k▲ +18.2% vs 2021
2023: €265k▲ +6.6% vs 2022
2024: €328k▲ +23.5% vs 2023
2025: €361k▲ +10.3% vs 2024highest in 8 years
2018 → 2025
Net result
€11k▲ 226%
2024 · €3k
2018: €4k
2019: €24k▲ +555% vs 2018highest in 8 years
2020: €13k▼ -45.2% vs 2019
2021: €6k▼ -52.3% vs 2020
2022: €20k▲ +210% vs 2021
2023: €7k▼ -65.1% vs 2022
2024: €3k▼ -50.5% vs 2023lowest in 8 years
2025: €11k▲ +226% vs 2024
2018 → 2025
Working capital
€-42k
2024 · €8k
2018: €-16k
2019: €-6k▲ +61.2% vs 2018
2020: €6k▲ +193% vs 2019
2021: €-5k▼ -188% vs 2020
2022: €3k▲ +161% vs 2021
2023: €663▼ -78.8% vs 2022
2024: €8k▲ +1171% vs 2023highest in 8 years
2025: €-42k▼ -596% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€18k-€37k▲ 109%€44k▲ 18.2%€48k▲ 7.6%€59k▲ 23.1%
2021: €18klowest in 5 years
2022: €37k▲ +109% vs 2021
2023: €44k▲ +18.2% vs 2022
2024: €48k▲ +7.6% vs 2023
2025: €59k▲ +23.1% vs 2024highest in 5 years
Operating result€7k-€25k▲ 268%€10k▼ 59.8%€11k▲ 9.0%€14k▲ 33.4%
2021: €7klowest in 5 years
2022: €25k▲ +268% vs 2021highest in 5 years
2023: €10k▼ -59.8% vs 2022
2024: €11k▲ +9.0% vs 2023
2025: €14k▲ +33.4% vs 2024
Net result€6k-€20k▲ 210%€7k▼ 65.1%€3k▼ 50.5%€11k▲ 226%
2021: €6k
2022: €20k▲ +210% vs 2021highest in 5 years
2023: €7k▼ -65.1% vs 2022
2024: €3k▼ -50.5% vs 2023lowest in 5 years
2025: €11k▲ +226% vs 2024
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 33% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €361k
Fixed assets
€165k ▲ 36.5%
Current assets
€196k ▼ 5.1%
Equity and liabilities €361k
Equity
€59k ▲ 23.1%
Debt
€303k ▲ 8.1%
Debt's share of the balance-sheet total falls from 85.5% to 83.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€35k▲
2024 · €32k
Cash flow
€32k▲
2024 · €24k
Current ratio
0.82▼
2024 · 1.04
Quick ratio
0.08▼
2024 · 0.14
Debt to equity
5.16▼
2024 · 5.87
ROE
18.8%▲
2024 · 7.1%
ROA
3.1%▲
2024 · 1.0%
Interest coverage
28.19▲
2024 · 5.13
Debt ≤ 1 year
€238k▲
2024 · €198k
Debt > 1 year
€65k▼
2024 · €82k
Income taxes
€2k▲
2024 · €1k
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 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€328k€361k▲
Fixed assets21/28€121k€165k▲
Tangible fixed assets22/27€120k€165k▲
Land and buildings22€88k€131k▲
Plant, machinery and equipment23€21k€24k▲
Furniture and vehicles24€11k€10k▼
Leasing and similar rights25€656€487▼
Financial fixed assets28€500€500=
Current assets29/58€207k€196k▼
Stocks and contracts in progress3€179k€177k▼
Stocks30/36€179k€177k▼
Amounts receivable within one year40/41€23k€18k▼
Trade receivables40€21k€15k▼
Other amounts receivable41€2k€2k▲
Cash at bank and in hand54/58€2k-
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€328k€361k▲
Equity10/15€48k€59k▲
Contributions10/11€25k€25k=
Profit (loss) carried forward14€23k€34k▲
Amounts payable17/49€280k€303k▲
Amounts payable after more than one year17€82k€65k▼
Financial debts170/4€82k€65k▼
Amounts payable within one year42/48€198k€238k▲
Current portion of amounts payable after more than one year42€9k€11k▲
Financial debts43-€14k
Credit institutions430/8-€14k
Trade debts44€14k€4k▼
Suppliers440/4€14k€4k▼
Taxes, remuneration and social security45€3k€6k▲
Taxes450/3€3k€6k▲
Other amounts payable47/48€172k€203k▲
Income statement
Code20242025
Non-recurring operating income76A-€3k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€21k▼
Gross operating margin9900€32k€35k▲
Operating profit (loss)9901€11k€14k▲
Financial charges65/66B€6k€1k▼
Recurring financial charges65€6k€1k▼
Profit (loss) for the period before taxes9903€5k€13k▲
Income taxes67/77€1k€2k▲
Profit (loss) for the period9904€3k€11k▲
Profit (loss) for the period to be appropriated9905€3k€11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€23k€34k▲
Profit (loss) brought forward from the previous period14P€19k€23k▲
The notes to these accounts (9 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €3k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €12k | €13k | €21k | €21k | ▼ 0.6% |
| Other operating charges640/8 | €422 | - | - | - | - | - |
| Non-recurring operating charges66A | €46 | €370 | - | - | - | - |
| Gross operating margin9900 | €12k | €37k | €22k | €32k | €35k | ▲ 11.0% |
| Operating profit (loss)9901 | €7k | €25k | €10k | €11k | €14k | ▲ 33.4% |
| Financial income75/76B | €51 | €3 | €0 | - | - | - |
| Recurring financial income75 | €51 | €3 | €0 | - | - | - |
| Financial charges65/66B | €376 | €363 | €686 | €6k | €1k | ▼ 79.8% |
| Recurring financial charges65 | €376 | €363 | €686 | €6k | €1k | ▼ 79.8% |
| Profit (loss) for the period before taxes9903 | €6k | €24k | €9k | €5k | €13k | ▲ 186% |
| Income taxes67/77 | €53 | €5k | €2k | €1k | €2k | ▲ 74.3% |
| Profit (loss) for the period9904 | €6k | €20k | €7k | €3k | €11k | ▲ 226% |
| Profit (loss) for the period to be appropriated9905 | €6k | €20k | €7k | €3k | €11k | ▲ 226% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €211k | €249k | €265k | €328k | €361k | ▲ 10.3% |
| Fixed assets21/28 | €43k | €47k | €52k | €121k | €165k | ▲ 36.5% |
| Tangible fixed assets22/27 | €42k | €47k | €52k | €120k | €165k | ▲ 36.7% |
| Land and buildings22 | - | €9k | €10k | €88k | €131k | ▲ 49.2% |
| Plant, machinery and equipment23 | €41k | €35k | €29k | €21k | €24k | ▲ 12.6% |
| Furniture and vehicles24 | €175 | €838 | €12k | €11k | €10k | ▼ 12.2% |
| Leasing and similar rights25 | €1k | €2k | €1k | €656 | €487 | ▼ 25.7% |
| Financial fixed assets28 | €500 | €500 | €500 | €500 | €500 | = |
| Current assets29/58 | €168k | €201k | €213k | €207k | €196k | ▼ 5.1% |
| Stocks and contracts in progress3 | €81k | €133k | €159k | €179k | €177k | ▼ 0.8% |
| Stocks30/36 | €81k | €133k | €159k | €179k | €177k | ▼ 0.8% |
| Amounts receivable within one year40/41 | €59k | €65k | €52k | €23k | €18k | ▼ 22.9% |
| Trade receivables40 | €58k | €61k | €48k | €21k | €15k | ▼ 27.8% |
| Other amounts receivable41 | €841 | €3k | €4k | €2k | €2k | ▲ 37.0% |
| Cash at bank and in hand54/58 | €26k | €2k | €239 | €2k | - | - |
| Deferred charges and accrued income490/1 | €1k | €2k | €1k | €2k | €1k | ▼ 57.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €211k | €249k | €265k | €328k | €361k | ▲ 10.3% |
| Equity10/15 | €18k | €37k | €44k | €48k | €59k | ▲ 23.1% |
| Contributions10/11 | €25k | €25k | €25k | €25k | €25k | = |
| Profit (loss) carried forward14 | €-7k | €12k | €19k | €23k | €34k | ▲ 48.6% |
| Amounts payable17/49 | €193k | €211k | €221k | €280k | €303k | ▲ 8.1% |
| Amounts payable after more than one year17 | €20k | €13k | €9k | €82k | €65k | ▼ 20.8% |
| Financial debts170/4 | €20k | €13k | €9k | €82k | €65k | ▼ 20.8% |
| Amounts payable within one year42/48 | €173k | €198k | €212k | €198k | €238k | ▲ 20.0% |
| Current portion of amounts payable after more than one year42 | €8k | €7k | €5k | €9k | €11k | ▲ 24.6% |
| Financial debts43 | - | - | - | - | €14k | - |
| Credit institutions430/8 | - | - | - | - | €14k | - |
| Trade debts44 | €51k | €48k | €49k | €14k | €4k | ▼ 75.0% |
| Suppliers440/4 | €51k | €48k | €49k | €14k | €4k | ▼ 75.0% |
| Taxes, remuneration and social security45 | €3k | €5k | €5k | €3k | €6k | ▲ 96.6% |
| Taxes450/3 | €3k | €5k | €5k | €3k | €6k | ▲ 96.6% |
| Other amounts payable47/48 | €112k | €139k | €154k | €172k | €203k | ▲ 18.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6k | €20k | €7k | €3k | €11k | ▲ 226% |
| + Depreciation and write-downs630 | €4k | €12k | €13k | €21k | €21k | ▼ 0.6% |
| Operating cash flow (approximation) | €11k | €32k | €19k | €24k | €32k | ▲ 30.9% |
| Investment in fixed assets (approximation) | - | €-17k | €-17k | €-90k | €-65k | ▲ 27.6% |
| Change in cash | - | €-24k | €-2k | €2k | - | - |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €3k ▼50.5%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
14-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
2020
04-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 35 days late
2019
31-12
Financial
Highest result since 2018net €24k ▲555%
Operating result €25k, net result €24k, both a record.
12-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 12 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
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, Houyet · 1 establishment unit since 2011
Ground area
1,536 m²
Building footprint
154 m²
2 parcels, Wallonia. Linked by address, not a title deed.
1 establishment unit
S L MAT
since 20112.198.295.162
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91029C0217/00P000 | Wallonia | 996 m² | 1 · 91 m² | - |
| 91029C0087/00L000 | Wallonia | 541 m² | 1 · 63 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 4,418 companies in sector 46180 we hold annual accounts for 1,885. 1,374 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
Founded15-04-2011
Fiscal year end31-12
Activities, NACEBEL 2025
46180Agents specialised in the wholesale of other particular products
Scores and ratios are computed by Checked and are not a credit decision.