ACTIVE

MATERIAL

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Financial year 2025 · closed on 30/09/2025
Net result
30,4 k €
-65.2% YoY
Gross margin
60,9 k €
-55.8% YoY
Equity
200,8 k €
-58.0% YoY

What does MATERIAL do?

MATERIAL is a Private limited company incorporated in 1990. Its main activity is: Engineering activities and related technical consultancy. Its registered office is in Waterloo.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0441.184.209
Incorporation
28/06/1990
Legal form
Private limited company
Registered office
Drève Richelle 161M box 57
1410 Waterloo · WallonieSee on map
Contributed capital
18 550,00 €
Latest accounts
30/09/2025
Activities (NACE)
71121Engineering activities and related technical consultancy· main71121Engineering activities and related technical consultancy74203Photographic activities
Joint committees (1)
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 16 financial years

2025202420232022201820172016201520142013201120102009200820072006
Income statement
Gross margin60,9 k €137,8 k €84,3 k €245,8 k €6,1 k €28,9 k €-5,9 k €18,7 k €-12 k €301,6 k €180,6 k €196 k €87,4 k €76 k €109,4 k €64,3 k €
EBITDA60,4 k €136,9 k €83,8 k €244,9 k €4,9 k €28,2 k €-6,5 k €18 k €-13,1 k €282,6 k €179,4 k €195 k €83 k €67 k €-10,3 k €-29,9 k €
Operating result40,9 k €118,2 k €82 k €243,4 k €3,9 k €27 k €-7,8 k €16,4 k €-15,3 k €278,2 k €178,6 k €194,6 k €74,5 k €55,7 k €-22,6 k €-41,4 k €
Net result30,4 k €87,4 k €56,2 k €167,5 k €1,2 k €17,7 k €-8,2 k €13,2 k €-13 k €271,8 k €181,3 k €195,8 k €64,4 k €21,7 k €-28,2 k €-33,1 k €
Balance sheet
Equity200,8 k €477,9 k €437,5 k €407 k €37,6 k €98,5 k €80,7 k €88,9 k €75,7 k €145,2 k €133,4 k €117,1 k €101,3 k €72,9 k €51,1 k €79,4 k €
Total assets391,7 k €514,1 k €465,5 k €443,8 k €88,2 k €138,6 k €103,8 k €113,9 k €80 k €417,1 k €330,1 k €343,2 k €245,9 k €266,3 k €191,2 k €211,8 k €
Cash294,2 k €186,1 k €186,2 k €407,5 k €70,7 k €128,7 k €34,2 k €87,7 k €35,6 k €269,9 k €216,2 k €87,4 k €61,9 k €7,2 k €18,3 k €25,1 k €
Debts190,9 k €36,3 k €28,1 k €36,7 k €37,1 k €40,1 k €21,9 k €25 k €4,3 k €271,9 k €196,7 k €226,2 k €144,6 k €193,4 k €140 k €132,5 k €
Other
Workforce––––––––––––––1,5 ETP1,5 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation
Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 17 ended

Active mandates

HANS LAVAL CHRISTIAN

Manager · since 01 décembre 2017

Active

Ended mandates

Christian Laval

Manager · since 30 janvier 2018

Ended
Christian Laval

Director · since 18 décembre 2017

Ended
Christian Laval

Manager · since 18 décembre 2017

Ended
Christian Hans Laval

Director · since 01 décembre 2017

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelAbridged model
Start of the financial year01/10/202401/10/202301/10/202201/10/202101/10/202001/10/2019
Closing of the financial year30/09/202530/09/202430/09/202330/09/202230/09/202130/09/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date29/04/202631/03/202530/04/202414/04/202304/03/202230/04/2021
General meeting27/02/202628/02/202523/02/202424/02/202325/02/202226/02/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model30/09/202527/02/202629/04/2026DutchPDF
Micro model30/09/202428/02/202531/03/2025DutchPDF
Micro model30/09/202323/02/202430/04/2024DutchPDF
Micro model30/09/202224/02/202314/04/2023DutchPDF
Micro model30/09/202125/02/202204/03/2022DutchPDF
Abridged model30/09/202026/02/202130/04/2021DutchPDF
Abridged model30/09/201928/02/202008/04/2020FrenchPDF
Abridged model30/09/201822/02/201928/03/2019DutchPDF
Abridged model30/09/201723/02/201820/04/2018FrenchPDF
Abridged model30/09/201624/02/201721/03/2017DutchPDF
Abridged model30/09/201526/02/201618/04/2016DutchPDF
Abridged model30/09/201427/02/201507/04/2015DutchPDF
Abridged model30/09/201331/03/201430/04/2014DutchPDF
Abridged model31/12/201125/05/201205/07/2012DutchPDF
Abridged model31/12/201027/05/201127/06/2011DutchPDF
Abridged modelCorrection31/12/200928/05/201018/10/2010DutchPDF
Abridged model31/12/200928/05/201031/08/2010DutchPDF
Abridged model31/12/200814/01/201002/02/2010DutchPDF
Abridged model31/12/200730/05/200826/08/2008DutchPDF
Abridged model31/12/200630/06/200730/08/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 17 ended

Active mandates

HANS LAVAL CHRISTIAN

Manager · since 01 décembre 2017

Active

Ended mandates

Christian Laval

Manager · since 30 janvier 2018

Ended
Christian Laval

Director · since 18 décembre 2017

Ended
Christian Laval

Manager · since 18 décembre 2017

Ended
Christian Hans Laval

Director · since 01 décembre 2017

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates17/01/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
    PDF
  • Registered office29/03/2021
    SIEGE SOCIAL - MODIFICATION FORME JURIDIQUE
    PDF
  • Mandates26/02/2018
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM
    PDF
  • Other09/02/2018
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Other09/02/2018
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates06/12/2017
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other31/01/2013
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates20/01/2012
    ONTSLAGEN - BENOEMINGEN
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 202530,4 k €↓
  2. 2024
    Annual accounts 202487,4 k €↑
  3. 2023
    Annual accounts 202356,2 k €↓
  4. 2022
    Annual accounts 2022167,5 k €↑
  5. 2018
    Annual accounts 20181,2 k €↓
  6. 2017
    Annual accounts 201717,7 k €↑
  7. 2016
    Annual accounts 2016-8,2 k €↓
  8. 2015
    Annual accounts 201513,2 k €↑
  9. 2014
    Annual accounts 2014-13 k €↓
  10. 2013
    Annual accounts 2013271,8 k €↑
  11. 2011
    Annual accounts 2011181,3 k €↓
  12. 2010
    Annual accounts 2010195,8 k €↑
  13. 2009
    Annual accounts 200964,4 k €↑
  14. 2008
    Annual accounts 200821,7 k €↑
  15. 2007
    Annual accounts 2007-28,2 k €↑
  16. 2006
    Annual accounts 2006-33,1 k €
  17. 28/06/1990
    IncorporationPrivate limited company