Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 3 of the last 3 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 54 % of short-term debt in 2023; threshold 65 %.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2023
MATELEC SERVICES from Juprelle, company number BE0686893127, closed financial year 2023 with a result of € 3,062 after tax. For that financial year MATELEC SERVICES recorded a gross margin of € 166,037 and equity of € -35,855. Compared with financial year 2022, the result moved from € -30,059 to € 3,062. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 19, 2024.
€ -35,855
▲ € 3,062 vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3,062
▲ still € 30,059 loss in 2022
Profit after tax over the fiscal year.
€ 20,633
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2023. Retained profit grew to € -54,455.
People and assets in 2023
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 134,921
▲ 43% vs 2022
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 17,924
▼ 16% vs 2022
Of which on lease € 10,107.
Debts at end 2023
€ 8,992
▼ 26% vs 2022
€ 3,265 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 41,176
▲ 72% vs 2022
Supplier invoices still open on the last day of the fiscal year.
€ 17,110
▼ 11% vs 2022
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Gross margin | € 55,942 | € 82,158 | € 166,037 | ▲ 102% |
| Profit after taxes | € 7,394 | € -30,059 | € 3,062 | ▲ € 33,121 |
| Equity | € -8,858 | € -38,917 | € -35,855 | ▲ € 3,062 |
| Total debts | € 88,097 | € 83,954 | € 125,075 | ▲ 49% |
| Cash | € 2,861 | - | € 20,633 | |
| Retained profit | € -27,458 | € -57,517 | € -54,455 | ▲ € 3,062 |
| Bank debt | € 15,212 | € 12,200 | € 8,992 | ▼ 26% |
| Balance sheet total | € 79,239 | € 45,037 | € 89,220 | ▲ 98% |
Key figures of MATELEC SERVICES, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to MATELEC SERVICES?
What happened at MATELEC SERVICES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
MATELEC SERVICES is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2023: profit of € 3,062. Source: NBB ↗
- New establishment in Juprelle. KBO
- Start of the company according to the CBE. KBO
In short
From € 7,394 profit in 2021 to € 3,062 profit in 2023.
Best year ever: 2021, with € 7,394 profit.
Management
Behind MATELEC SERVICES is Michaël VANMUNSTER. Michaël VANMUNSTER is also behind MATOSELEC.
Directors
According to the 2023 annual accounts
Establishments
Establishment units
Physical locations of this company
Rue du Centenaire 71
4452 Juprelle
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0686.893.127
- VAT number
- BE 0686.893.127
- Registered office
- Rue du Centenaire 71, 4452 Juprelle
- Names & denominations
- MATELEC SERVICES
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opening faillissement
- Start date
- 28 December 2017
- Peppol
- Active · Active since 31 Oct 2023
- Activities · NACE
Algemene elektrotechnische installatiewerken
Bouwrijp maken van terreinen
Installatie van isolatie
Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door andere energiebronnen dan elektriciteit
Isolatiewerkzaamheden
Bouw van sierschouwen en open haarden