MATIN
ActiveMATIN has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.68M and a net result of €67k. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 90% of 411 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
86
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability72▲+2
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €230k at 30 days acceptable
Liquidity ample (current ratio 8.58 against 10.19 in 2023; short-term debt: 2.5% and cash: 20.3% of total assets), and 2.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 02
Relative position
BE, all sectors
reference
Sector 02
lower
← 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 2024Solvency, return and age of the figures
Solvency
97.5%
Return on assets
2.4%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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
not confirmed
2024
29 d late
2023
27 d early
2022
31 d late
2021
1 d late
2020
25 d late
2019
89 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€194k
EBIT margin
70.7%
Net result
€67k▲ 105%
2023 · €32k
2018: €11k
2019: €4k
2020: €18k
2021: €45k
2022: €99k
2023: €32k
2018 → 2024
Working capital
€531k▼ 4.5%
2023 · €556k
2018: €265k
2019: €302k
2020: €337k
2021: €408k
2022: €555k
2023: €556k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€194k
Equity€2.41M-€2.46M▲ 2.2%€2.57M▲ 4.3%€2.61M▲ 1.6%€2.68M▲ 2.8%
Operating result€18k-€46k▲ 153%€137k▲ 201%€49k▼ 64.0%€101k▲ 105%
Net result€18k-€45k▲ 154%€99k▲ 118%€32k▼ 67.2%€67k▲ 105%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 105% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.75M
Fixed assets
€2.15M▲ 4.7%
Current assets
€601k▼ 2.5%
Equity and liabilities €2.75M
Equity
€2.68M▲ 2.8%
Debt
€70k▲ 15.8%
The debt ratio rises from 2.3% to 2.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€128k▲
2023 · €53k
Cash flow
€93k▲
2023 · €36k
Solvency
97.5%▼
2023 · 97.7%
Current ratio
8.58▼
2023 · 10.19
Quick ratio
8.58▼
2023 · 10.19
Debt / equity
0.03▲
2023 · 0.02
ROE
2.5%▲
2023 · 1.2%
ROA
2.4%▲
2023 · 1.2%
Interest coverage
959.43▲
2023 · 510.29
Debt
€70k▲
2023 · €60k
Debt ≤ 1 year
€70k▲
2023 · €60k
Income taxes
€34k▲
2023 · €17k
Staff costs
€10k▲
2023 · €9k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€2.67M€2.75M▲
Fixed assets21/28€2.05M€2.15M▲
Tangible fixed assets22/27€2.05M€2.15M▲
Land and buildings22€2.01M€2.01M=
Plant, machinery and equipment23€2k€14k▲
Furniture and vehicles24€41k€126k▲
Financial fixed assets28€140€140=
Current assets29/58€617k€601k▼
Amounts receivable within one year40/41€6k€37k▲
Trade receivables40€1k€30k▲
Other amounts receivable41€5k€7k▲
Cash at bank and in hand54/58€606k€557k▼
Deferred charges and accrued income490/1€4k€7k▲
Equity and liabilities
Total equity and liabilities10/49€2.67M€2.75M▲
Equity10/15€2.61M€2.68M▲
Contributions10/11€2.18M€2.18M=
Outside capital11€2.18M-
Other1109/19€2.18M-
Revaluation surpluses12€299k€304k▲
Reserves13€174k€240k▲
Distributable reserves133€174k€240k▲
Profit (loss) carried forward14€-42k€-42k=
Amounts payable17/49€60k€70k▲
Amounts payable within one year42/48€60k€70k▲
Trade debts44€711€19k▲
Suppliers440/4€711€19k▲
Taxes, remuneration and social security45€57k€38k▼
Taxes450/3€56k€36k▼
Remuneration and social security454/9€1k€2k▲
Other amounts payable47/48€3k€13k▲
Income statement
Code20232024
Goods, raw materials, services and sundry goods60/61€52k-
Remuneration, social security and pensions62€9k€10k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€26k▲
Other operating charges640/8€3k€6k▲
Gross operating margin9900€65k€144k▲
Operating profit (loss)9901€49k€101k▲
Financial income75/76B€22-
Recurring financial income75€22-
Financial charges65/66B€104€133▲
Recurring financial charges65€104€133▲
Profit (loss) for the period before taxes9903€49k€101k▲
Income taxes67/77€17k€34k▲
Profit (loss) for the period9904€32k€67k▲
Profit (loss) for the period to be appropriated9905€32k€67k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-9k€25k▲
Profit (loss) brought forward from the previous period14P€-42k€-42k=
Transfer to equity691/2€32k€67k▲
To other reserves6921€32k€67k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Highest result since 2018net €99k ▲118%
Operating result €137k, net result €99k, both a record.
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 1 day late
2021
31-12
Financial
Liquidity doublescurrent ratio 33.23
Current ratio from 13.80 to 33.23; short-term debt falls from €26k to €13k.
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 89 days late
2019
31-12
Financial
Weakest financial yearnet €4k ▼64.7%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
2016
24-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Beauraing · 1 establishment unit since 2002
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.
rue de Honnay,Fd 155576 BeauraingGround area
2,427 m²
Building footprint
422 m²
2 parcels, Wallonia. Linked by address, not a title deed.
1 establishment unit
MATIN
since 20022.099.007.546
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91051B0704/00B000 | Wallonia | 2,055 m² | 1 · 220 m² | - |
| 91051B1291/00B000 | Wallonia | 372 m² | 1 · 202 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
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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DE CLERCQ - BOURDEAUD'HUI
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BLEHEN
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FORELUX
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Of 1,556 companies in sector 02200 we hold annual accounts for 449. 216 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-01-2002
Fiscal year end31-12
Activities, NACEBEL
02012
02200Logging
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.