ACTIVE

MAT +

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Financial year 2025 · closed on 31/12/2025

Net result

197,6 k €

+60.1% YoY

Gross margin

1,5 M €

+54.4% YoY

Equity

310,8 k €

+174.6% YoY

What does MAT + do?

MAT + is a Private limited company incorporated in 2007. Its main activity is: Accounting, bookkeeping and auditing activities; tax consultancy. Its registered office is in Walcourt.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0891.052.391

Incorporation

25/07/2007

Legal form

Private limited company

Registered office

Rue de la Place Verte(Fra) 22
5650 Walcourt · WallonieSee on map

Contributed capital

25 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

69201Accounting, bookkeeping and auditing activities; tax consultancy· main 69202Accounting, bookkeeping and auditing activities; tax consultancy 74121Specialised design activities 69201Accounting, bookkeeping and auditing activities; tax consultancy 74124Specialised design activities

Joint committees (3)

330
336
3360

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	1,5 M €	+54.4%	989,2 k €	+26.9%	779,2 k €	+28.0%	608,9 k €	-5.7%	645,5 k €	-9.4%	712,6 k €	-9.3%	785,3 k €	+4.9%	748,7 k €	+16.3%	644 k €	+10.3%	583,8 k €	+11.9%	521,7 k €	+2.6%	508,4 k €	+44.7%	351,3 k €	+17.0%	300,2 k €	-3.4%	310,6 k €	+86.1%	166,9 k €
EBITDA	288,4 k €	+55.1%	185,9 k €	+75.3%	106,1 k €	-4.3%	110,8 k €	-35.8%	172,6 k €	-41.7%	295,8 k €	-23.4%	386,3 k €	-0.7%	389,2 k €	-3.4%	403 k €	-0.1%	403,6 k €	+6.7%	378,4 k €	+0.2%	377,8 k €	+30.1%	290,4 k €	+23.4%	235,4 k €	-6.2%	251 k €	+91.0%	131,4 k €
Operating result	271,3 k €	+57.5%	172,3 k €	+82.0%	94,6 k €	-6.1%	100,7 k €	-34.6%	154 k €	-44.4%	276,9 k €	-23.6%	362,5 k €	+0.6%	360,3 k €	-3.4%	373,1 k €	-0.8%	376,2 k €	+10.4%	340,9 k €	+1.3%	336,5 k €	+33.4%	252,3 k €	+24.1%	203,2 k €	-11.5%	229,5 k €	+91.6%	119,8 k €
Net result	197,6 k €	+60.1%	123,4 k €	+81.8%	67,9 k €	-8.4%	74,1 k €	-30.4%	106,4 k €	-42.3%	184,6 k €	-23.1%	239,9 k €	+8.6%	220,9 k €	-10.5%	246,8 k €	-6.8%	264,7 k €	+17.6%	225 k €	+1.7%	221,3 k €	+34.1%	165,1 k €	+26.4%	130,5 k €	-10.4%	145,7 k €	+88.4%	77,3 k €
Balance sheet
Equity	310,8 k €	+175%	113,2 k €	+62.2%	69,8 k €	-9.3%	76,9 k €	+46.5%	52,5 k €	-92.3%	685,9 k €	+36.8%	501,3 k €	+91.8%	261,4 k €	+225%	80,5 k €	-39.8%	133,7 k €	+22.8%	108,9 k €	+26.0%	86,4 k €	+34.4%	64,3 k €	+30.6%	49,2 k €	+36.1%	36,2 k €	+25.2%	28,9 k €
Total assets	519,5 k €	+30.9%	396,8 k €	+2.3%	387,7 k €	+47.9%	262,1 k €	-71.4%	916,8 k €	+7.9%	849,8 k €	+33.2%	637,8 k €	+52.0%	419,7 k €	-32.3%	620,2 k €	+15.6%	536,6 k €	+8.9%	492,7 k €	+12.7%	437,1 k €	+45.7%	299,9 k €	-18.3%	366,9 k €	+27.2%	288,4 k €	+32.7%	217,3 k €
Cash	0 €	-100%	146,4 k €	+16.0%	126,2 k €	+40.6%	89,7 k €	-87.4%	714 k €	+55.5%	459,2 k €	+88.9%	243,1 k €	+102%	120,6 k €	+89.9%	63,5 k €	-25.1%	84,8 k €	-35.4%	131,3 k €	-26.1%	177,7 k €	+2752%	6,2 k €	-86.4%	46 k €	+353%	10,1 k €	-74.7%	40 k €
Debts	208,7 k €	-26.4%	283,6 k €	-10.8%	317,9 k €	+71.7%	185,2 k €	-78.6%	864,3 k €	+427%	163,9 k €	+20.1%	136,5 k €	-13.8%	158,4 k €	-70.7%	539,8 k €	+34.0%	402,9 k €	+5.0%	383,8 k €	+9.5%	350,7 k €	+48.8%	235,6 k €	-25.8%	317,7 k €	+26.0%	252,2 k €	+34.1%	188,1 k €
Other
Workforce	–		–		–		–		14,2 ETP	+23.5%	11,5 ETP	+2.7%	11,2 ETP	+1.8%	11,0 ETP	+27.9%	8,6 ETP	+34.4%	6,4 ETP	+14.3%	5,6 ETP	-6.7%	6,0 ETP	+114%	2,8 ETP	+7.7%	2,6 ETP	-7.1%	2,8 ETP	+47.4%	1,9 ETP

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 31/12/2025 · 6 active · 25 ended

Active mandates

Olivier Bottequin

Director · since 27 février 2025

Active

Peter Verschelden

Director · since 27 février 2025

Active

Rapahel Dufrenne

Director · since 27 février 2025

Active

Angélique Lerat

Director · since 02 décembre 2022 · until 27 février 2025

Active

Aurélie Roulin

Director · since 01 janvier 2022 · until 27 février 2025

Active

Vanessa Dupuis

Director · since 01 janvier 2022 · until 27 février 2025

Active

Ended mandates

Angélique Lerat

Director · since 02 décembre 2022

Ended

Aurélie Roulin

Director · since 01 janvier 2022

Ended

Bénédicte Anciaux

Director · since 01 janvier 2022 · until 26 septembre 2022

Ended

Vanessa Dupuis

Director · since 01 janvier 2022

Ended

At this address

Other companies at this address

Company	CBE no.
MANAGEMENT ACCOUNT TAX PARTNERS● Active	0477.841.992
MAT & Cie● Active	0770.533.158
MAT Unity● Active	0667.524.504

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	31/12/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	18 months	12 months	12 months	12 months	12 months	12 months
Filing date	18/05/2026	27/12/2024	26/01/2024	29/01/2023	31/01/2022	30/01/2021
General meeting	21/04/2026	10/12/2024	18/12/2023	16/12/2022	20/12/2021	21/12/2020
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	21/04/2026	18/05/2026	French	PDF
Abridged model	30/06/2024	10/12/2024	27/12/2024	French	PDF
Abridged model	30/06/2023	18/12/2023	26/01/2024	French	PDF
Abridged model	30/06/2022	16/12/2022	29/01/2023	French	PDF
Abridged model	30/06/2021	20/12/2021	31/01/2022	French	PDF
Abridged model	30/06/2020	21/12/2020	30/01/2021	French	PDF
Abridged model	30/06/2019	11/12/2019	12/12/2019	French	PDF
Abridged model	30/06/2018	17/12/2018	23/01/2019	French	PDF
Abridged model	30/06/2017	18/12/2017	29/01/2018	French	PDF
Abridged model	30/06/2016	19/12/2016	22/12/2016	French	PDF
Abridged model	30/06/2015	08/12/2015	15/12/2015	French	PDF
Abridged model	30/06/2014	15/12/2014	12/01/2015	French	PDF
Abridged model	30/06/2013	16/12/2013	13/02/2014	French	PDF
Abridged model	30/06/2012	17/12/2012	26/02/2013	French	PDF
Abridged model	30/06/2011	28/11/2011	29/02/2012	French	PDF
Abridged model	30/06/2010	20/12/2010	01/03/2011	French	PDF
Abridged model	30/06/2009	21/12/2009	29/01/2010	French	PDF
Abridged model	30/06/2008	15/12/2008	29/01/2009	French	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 31/12/2025 · 6 active · 25 ended

Active mandates

Olivier Bottequin

Director · since 27 février 2025

Active

Peter Verschelden

Director · since 27 février 2025

Active

Rapahel Dufrenne

Director · since 27 février 2025

Active

Angélique Lerat

Director · since 02 décembre 2022 · until 27 février 2025

Active

Aurélie Roulin

Director · since 01 janvier 2022 · until 27 février 2025

Active

Vanessa Dupuis

Director · since 01 janvier 2022 · until 27 février 2025

Active

Ended mandates

Angélique Lerat

Director · since 02 décembre 2022

Ended

Aurélie Roulin

Director · since 01 janvier 2022

Ended

Bénédicte Anciaux

Director · since 01 janvier 2022 · until 26 septembre 2022

Ended

Vanessa Dupuis

Director · since 01 janvier 2022

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates14/05/2025
DEMISSIONS, NOMINATIONS
PDF
Other07/05/2025
ASSEMBLEE GENERALE - ANNEE COMPTABLE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Other12/06/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - OBJET
PDF
Mandates10/01/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates25/10/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates21/01/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates08/05/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates30/05/2016
DEMISSIONS, NOMINATIONS
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 2025197,6 k €↑
2024
Annual accounts 2024123,4 k €↑
2023
Annual accounts 202367,9 k €↓
2022
Annual accounts 202274,1 k €↓
2019
Annual accounts 2019106,4 k €↓
2018
Annual accounts 2018184,6 k €↓
2017
Annual accounts 2017239,9 k €↑
2016
Annual accounts 2016220,9 k €↓
2015
Annual accounts 2015246,8 k €↓
2014
Annual accounts 2014264,7 k €↑
2013
Annual accounts 2013225 k €↑
2012
Annual accounts 2012221,3 k €↑
2011
Annual accounts 2011165,1 k €↑
2010
Annual accounts 2010130,5 k €↓
2009
Annual accounts 2009145,7 k €↑
2008
Annual accounts 200877,3 k €
25/07/2007
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

MAT +

Overview

What does MAT + do?

Trend over 16 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