Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 8 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Mat-elect from Seraing, company number BE0844504467, closed financial year 2025 with a result of € -2,791 after tax. For that financial year Mat-elect recorded a gross margin of € 55,276 and equity of € -27,605. Compared with financial year 2024, the result moved from € 5,073 to € -2,791. The company made a loss. 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 August 26, 2026.
€ -27,605
▼ € 2,791 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2,791
▼ still € 5,073 profit in 2024
Profit after tax over the fiscal year.
€ 7,008
▼ 65% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -47,205.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 38,519
▲ 4% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 4,995
▼ 42% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 66,723
▼ 12% vs 2024
€ 6,449 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 48,657
▲ 14% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 25,726
▼ 13% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 52,479 | € 56,924 | € 61,479 | € 55,276 | ▼ 10% |
| Profit after taxes | € 5,394 | € 7,056 | € 5,073 | € -2,791 | ▼ € 7,864 |
| Equity | € -36,943 | € -29,887 | € -24,814 | € -27,605 | ▼ € 2,791 |
| Total debts | € 257,831 | € 217,832 | € 217,825 | € 223,481 | ▲ 3% |
| Cash | € 32,231 | € 23,591 | € 19,787 | € 7,008 | ▼ 65% |
| Land & buildings | € 91,100 | € 86,801 | € 86,219 | € 81,521 | ▼ 5% |
| Retained profit | € -56,543 | € -49,487 | € -44,414 | € -47,205 | ▼ € 2,791 |
| Bank debt | € 95,643 | € 85,843 | € 75,827 | € 66,723 | ▼ 12% |
| Balance sheet total | € 220,888 | € 187,945 | € 193,011 | € 195,876 | ▲ 1% |
Key figures of Mat-elect, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Mat-elect?
What happened at Mat-elect in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 2,791 (▼ € 7,864 vs 2024). filed late Source: NBB ↗
- New establishment in Seraing. KBO
- Start of the company according to the CBE. KBO
In short
From € 5,394 profit in 2022 to € 2,791 loss in 2025.
Paid € 1,000 in corporate taxes since 2022.
Best year ever: 2023, with € 7,056 profit.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2025 annual accounts
Rudi Vendrame
Director
Establishments
Establishment units
Physical locations of this company
Rue R. Sualem 53
4101 Seraing
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0844.504.467
- VAT number
- BE 0844.504.467
- Registered office
- Rue R. Sualem 53, 4101 Seraing
- Names & denominations
- Mat-elect
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 March 2012
- Peppol
- Active · Active since 23 Jun 2025
- Activities · NACE
Detailhandel in verlichtingsartikelen
Detailhandel in overige bouwmaterialen, neg
Detailhandel in verlichtingsartikelen in gespecialiseerde winkels
Detailhandel in elektrische huishoudapparaten
Overige bouwinstallatie
Schrijnwerk
Sanitaire werkzaamheden
Overige bouwinstallatie, n.e.g.