BOUCHÉ MATHIEU
ActiveBOUCHÉ MATHIEU has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €83k and a net result of €-4k. Equity is growing by ~16.9% per year across the filed fiscal years. Its solvency ranks better than 77% of 7692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
53
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability14▼-2
Solvency93▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 2.65 against 3.18 in 2024; short-term debt: 32.4% and cash: 3.2% of total assets), and 32.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
67.6%
Return on assets
-3.6%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-4k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-08-2026, 3 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
3 d late
2024
24 d early
2023
43 d early
2022
15 d late
2021
26 d late
2020
2 d early
2019
3 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€83k▼ 5.0%
2024 · €88k
2018: €31k
2019: €-15k
2020: €16k
2021: €64k
2022: €90k
2023: €90k
2024: €88k
2018 → 2025
Total assets
€123k▼ 3.3%
2024 · €127k
2018: €146k
2019: €83k
2020: €46k
2021: €97k
2022: €126k
2023: €143k
2024: €127k
2018 → 2025
Net result
€-4k▼ 61.6%
2024 · €-3k
2018: €-18k
2019: €-46k
2020: €31k
2021: €48k
2022: €26k
2023: €0
2024: €-3k
2018 → 2025
Working capital
€66k▼ 23.8%
2024 · €86k
2018: €14k
2019: €-26k
2020: €10k
2021: €58k
2022: €84k
2023: €89k
2024: €86k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€64k-€90k▲ 40.9%€90k=€88k▼ 3.0%€83k▼ 5.0%
Operating result€49k-€29k▼ 41.0%€50▼ 99.8%€-3k€-4k▼ 63.5%
Net result€48k-€26k▼ 45.3%€0▼ 100%€-3k€-4k▼ 61.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4k in 2025 against €3k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €123k
Fixed assets
€17k▲ 1,209%
Current assets
€106k▼ 16.2%
Equity and liabilities €123k
Equity
€83k▼ 5.0%
Debt
€40k▲ 0.4%
The debt ratio rises from 31.2% to 32.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-4k▼
2024 · €-2k
Cash flow
€-4k▼
2024 · €-2k
Solvency
67.6%▼
2024 · 68.8%
Current ratio
2.65▼
2024 · 3.18
Quick ratio
2.50▼
2024 · 3.03
Debt / equity
0.48▲
2024 · 0.45
ROE
-5.3%▼
2024 · -3.1%
ROA
-3.6%▼
2024 · -2.1%
Interest coverage
-71.51▼
2024 · -35.26
Debt
€40k▲
2024 · €40k
Debt ≤ 1 year
€40k▲
2024 · €40k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€127k€123k▼
Fixed assets21/28€1k€17k▲
Intangible fixed assets21-€10k
Tangible fixed assets22/27€1k€7k▲
Furniture and vehicles24€1k€7k▲
Current assets29/58€126k€106k▼
Stocks and contracts in progress3€6k€6k=
Stocks30/36€6k€6k=
Amounts receivable within one year40/41€66k€96k▲
Trade receivables40€0€20k▲
Other amounts receivable41€66k€76k▲
Cash at bank and in hand54/58€54k€4k▼
Equity and liabilities
Total equity and liabilities10/49€127k€123k▼
Equity10/15€88k€83k▼
Contributions10/11€12k€12k=
Reserves13€78k€78k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€76k€76k=
Profit (loss) carried forward14€-3k€-7k▼
Amounts payable17/49€40k€40k▲
Amounts payable within one year42/48€40k€40k▲
Trade debts44€6k€16k▲
Suppliers440/4€6k€16k▲
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€0-
Taxes450/3€0-
Other amounts payable47/48€34k€24k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€382€486▲
Other operating charges640/8€528€544▲
Gross operating margin9900€-2k€-3k▼
Operating profit (loss)9901€-3k€-4k▼
Financial charges65/66B€65€54▼
Recurring financial charges65€65€54▼
Profit (loss) for the period before taxes9903€-3k€-4k▼
Profit (loss) for the period9904€-3k€-4k▼
Profit (loss) for the period to be appropriated9905€-3k€-4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-3k€-7k▼
Profit (loss) brought forward from the previous period14P-€-3k
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 3 days late
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
15-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 15 days late
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 26 days late
2021
31-12
Financial
Highest result since 2018net €48k ▲53.3%
Operating result €49k, net result €48k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 2.78
Current ratio from 1.34 to 2.78.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €31k
Net result €31k after 2 loss-making years.
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €-46k
Net result drops to €-46k, the lowest in the series; recovery starts the following year.
08-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 8 days late
2018
30-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 61 days late
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Aalter · 1 establishment unit since 2010
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
De Wijngaard 149910 AalterGround area
816 m²
Building footprint
116 m²
Volume, LiDAR
711 m³
Parcel 44029A0793/00N000, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Cuisine Pro
since 20102.190.362.740
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44029A0793/00N000 | Flanders | 816 m² | 1 · 116 m² | 8.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Tessenderlo-Ham · Eq €83k
SOLUÇÃO
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Waregem · Eq €83k
Of 22,821 companies in sector 43211 we hold annual accounts for 10,324. 8,810 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded06-07-2010
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.