ACTIVE

MATREX

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Financial year 2025 · closed on 30/09/2025

Net result

-122,4 k €

-110.3% YoY

Gross margin

-75,2 k €

-165.4% YoY

Equity

2,9 M €

-4.0% YoY

What does MATREX do?

MATREX is a Private limited company incorporated in 1998. Its main activity is: Management consultancy activities. Its registered office is in Kapellen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0464.686.220

Incorporation

27/11/1998

Legal form

Private limited company

Registered office

Weymouthlaan 12
2950 Kapellen · FlandreSee on map

Contributed capital

6 355,32 €

Latest accounts

30/09/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Signals

Solid equityLow riskGood liquidity

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	-75,2 k €	-165%	115,1 k €	-33.0%	171,7 k €	+63.8%	104,8 k €	-12.1%	119,3 k €	+1163%	-11,2 k €	-101%	1,3 M €	+973%	123,5 k €	-15.3%	145,7 k €	-0.3%	146,1 k €	-11.5%	165,2 k €	+60.1%	103,2 k €	+75.7%	58,7 k €	-9.3%	64,8 k €	-46.6%	121,3 k €	+65.9%	73,1 k €	+42.9%	51,2 k €	-13.2%	59 k €	-64.5%	166,2 k €
EBITDA	-80,2 k €	-173%	109,9 k €	-33.9%	166,4 k €	+63.9%	101,5 k €	-12.1%	115,5 k €	+898%	-14,5 k €	-101%	1,3 M €	+998%	120,6 k €	-15.4%	142,6 k €	-0.8%	143,8 k €	-11.8%	163,1 k €	+61.5%	101 k €	+83.3%	55,1 k €	-10.7%	61,7 k €	-43.5%	109,3 k €	+118%	50,2 k €	+14.2%	43,9 k €	-15.7%	52,1 k €	-50.7%	105,8 k €
Operating result	-153,8 k €	-419%	48,2 k €	-62.1%	127,1 k €	+94.1%	65,5 k €	+21.4%	53,9 k €	+208%	-49,9 k €	-104%	1,3 M €	+1201%	101,2 k €	-18.1%	123,6 k €	-1.6%	125,5 k €	-13.6%	145,3 k €	+73.9%	83,5 k €	+128%	36,6 k €	-17.9%	44,6 k €	-51.6%	92,1 k €	+182%	32,7 k €	+17.7%	27,7 k €	-18.4%	34 k €	-62.1%	89,6 k €
Net result	-122,4 k €	-110%	1,2 M €	+1024%	105,5 k €	+47.9%	71,3 k €	+51.4%	47,1 k €	+197%	-48,4 k €	-104%	1,3 M €	+2225%	55,8 k €	-16.6%	66,9 k €	-4.1%	69,8 k €	-21.5%	88,9 k €	+94.6%	45,7 k €	+270%	12,3 k €	-17.9%	15 k €	-69.8%	49,8 k €	+433%	9,3 k €	+43.9%	6,5 k €	-30.9%	9,4 k €	-80.0%	47 k €
Balance sheet
Equity	2,9 M €	-4.0%	3 M €	+63.9%	1,9 M €	-2.3%	1,9 M €	+3.9%	1,8 M €	+2.6%	1,8 M €	-2.6%	1,8 M €	+245%	530,2 k €	+11.8%	474,4 k €	+16.4%	407,5 k €	+20.7%	337,7 k €	+35.7%	248,9 k €	+2.3%	243,2 k €	+5.3%	230,9 k €	-19.2%	285,8 k €	+15.4%	247,8 k €	+3.9%	238,4 k €	-1.4%	241,9 k €	+4.0%	232,5 k €
Total assets	3 M €	-7.5%	3,3 M €	+61.9%	2 M €	-2.9%	2,1 M €	+5.0%	2 M €	+2.8%	1,9 M €	-4.4%	2 M €	+166%	760,8 k €	+10.7%	687,4 k €	-2.1%	702,5 k €	+13.4%	619,6 k €	+7.0%	578,8 k €	+5.7%	547,7 k €	-2.1%	559,2 k €	-10.6%	625,5 k €	+3.9%	602,1 k €	+0.6%	598,7 k €	+2.3%	585 k €	-4.8%	614,7 k €
Cash	1 M €	+98.8%	521,6 k €	+189%	180,6 k €	-45.8%	333 k €	-24.6%	441,9 k €	-60.2%	1,1 M €	-32.1%	1,6 M €	+711%	201,8 k €	+24.3%	162,3 k €	-18.7%	199,7 k €	+60.2%	124,7 k €	+91.3%	65,2 k €	+68.4%	38,7 k €	-33.4%	58,1 k €	-33.1%	86,9 k €	+70.4%	51 k €	-10.3%	56,9 k €	+38.4%	41,1 k €	-38.9%	67,3 k €
Debts	13,9 k €	-89.9%	137,8 k €	+95.5%	70,5 k €	-20.0%	88,1 k €	+64.5%	53,6 k €	+0.5%	53,3 k €	-43.0%	93,6 k €	-28.4%	130,8 k €	+15.1%	113,6 k €	-41.9%	195,6 k €	+7.6%	181,7 k €	-21.1%	230,3 k €	+12.3%	205,1 k €	-10.4%	228,9 k €	-4.7%	240,3 k €	-9.0%	264,1 k €	-9.1%	290,7 k €	+4.1%	279,2 k €	-13.6%	323,3 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 3 ended

Active mandates

Luk Van Meenen

Director · since 18 novembre 1998

Active

Ended mandates

Luc Van Meenen

Director · since 18 novembre 1998

Ended

Luc Van Meenen

Manager · since 18 novembre 1998

Ended

Luc Van Meenen

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
WESTKAAI RE● Active	0731.752.558

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Micro model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	06/03/2026	09/04/2025	29/02/2024	31/03/2023	25/03/2022	08/04/2021
General meeting	06/02/2026	07/02/2025	02/02/2024	23/03/2023	04/03/2022	10/03/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	06/02/2026	06/03/2026	Dutch	PDF
Abridged model	30/09/2024	07/02/2025	09/04/2025	Dutch	PDF
Abridged model	30/09/2023	02/02/2024	29/02/2024	Dutch	PDF
Abridged model	30/09/2022	23/03/2023	31/03/2023	Dutch	PDF
Abridged model	30/09/2021	04/03/2022	25/03/2022	Dutch	PDF
Micro model	30/09/2020	10/03/2021	08/04/2021	Dutch	PDF
Micro model	30/09/2019	03/04/2020	06/05/2020	Dutch	PDF
Abridged model	30/09/2018	22/02/2019	08/04/2019	Dutch	PDF
Abridged model	30/09/2017	23/02/2018	04/04/2018	Dutch	PDF
Abridged model	30/09/2016	24/02/2017	30/03/2017	Dutch	PDF
Abridged model	30/09/2015	26/02/2016	24/03/2016	Dutch	PDF
Abridged model	30/09/2014	27/02/2015	24/03/2015	Dutch	PDF
Abridged model	30/09/2013	28/03/2014	29/04/2014	Dutch	PDF
Abridged model	30/09/2012	01/03/2013	02/04/2013	Dutch	PDF
Abridged model	30/09/2011	30/03/2012	02/05/2012	Dutch	PDF
Abridged model	30/09/2010	31/03/2011	29/04/2011	Dutch	PDF
Abridged model	30/09/2009	26/02/2010	30/03/2010	Dutch	PDF
Abridged model	30/09/2008	27/02/2009	25/03/2009	Dutch	PDF
Abridged model	30/09/2007	01/02/2008	28/02/2008	Dutch	PDF
Abridged model	30/09/2006	23/02/2007	22/03/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 3 ended

Active mandates

Luk Van Meenen

Director · since 18 novembre 1998

Active

Ended mandates

Luc Van Meenen

Director · since 18 novembre 1998

Ended

Luc Van Meenen

Manager · since 18 novembre 1998

Ended

Luc Van Meenen

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office07/05/2025
MAATSCHAPPELIJKE ZETEL
PDF
Mandates12/10/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/01/2008
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

2025
Annual accounts 2025-122,4 k €↓
2024
Annual accounts 20241,2 M €↑
2023
Annual accounts 2023105,5 k €↑
2022
Annual accounts 202271,3 k €↑
2021
Annual accounts 202147,1 k €↑
2020
Annual accounts 2020-48,4 k €↓
2019
Annual accounts 20191,3 M €↑
2018
Annual accounts 201855,8 k €↓
2017
Annual accounts 201766,9 k €↓
2016
Annual accounts 201669,8 k €↓
2015
Annual accounts 201588,9 k €↑
2014
Annual accounts 201445,7 k €↑
2013
Annual accounts 201312,3 k €↓
2012
Annual accounts 201215 k €↓
2011
Annual accounts 201149,8 k €↑
2010
Annual accounts 20109,3 k €↑
2009
Annual accounts 20096,5 k €↓
2008
Annual accounts 20089,4 k €↓
2007
Annual accounts 200747 k €
27/11/1998
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

MATREX

Overview

What does MATREX do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline