GROEP MATHIMMO
ActiveSummary
GROEP MATHIMMO has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.37M and a net result of €-46k. Equity is shrinking by ~8.3% per year across the filed fiscal years. Its solvency ranks better than 73% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability16▲+3
Solvency85▼-15
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €95k at 30 days acceptable
Liquidity ample (current ratio 11.14 against 14.07 in 2024; short-term debt: 4.8% and cash: 27.1% of total assets), and 39.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
60.5%
Return on assets
-2%
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 €-46k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
30 d early
2023
23 d late
2022
31 d early
2021
6 d early
2020
17 d late
2019
17 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.37M▼ 3.3%
2024 · €1.42M
2018: €2.43Mhighest in 8 years
2019: €2.22M▼ -8.6% vs 2018
2020: €1.97M▼ -11.2% vs 2019
2021: €1.56M▼ -20.6% vs 2020
2022: €1.55M▼ -0.7% vs 2021
2023: €1.49M▼ -4.3% vs 2022
2024: €1.42M▼ -4.8% vs 2023
2025: €1.37M▼ -3.3% vs 2024lowest in 8 years
2018 → 2025
Total assets
€2.26M▲ 41.1%
2024 · €1.61M
2018: €2.99Mhighest in 8 years
2019: €2.71M▼ -9.2% vs 2018
2020: €2.66M▼ -1.9% vs 2019
2021: €2.58M▼ -3.3% vs 2020
2022: €1.84M▼ -28.5% vs 2021
2023: €1.67M▼ -9.2% vs 2022
2024: €1.61M▼ -4.0% vs 2023lowest in 8 years
2025: €2.26M▲ +41.1% vs 2024
2018 → 2025
Net result
€-46k▲ 35.8%
2024 · €-72k
2018: €-154k
2019: €-208k▼ -35.2% vs 2018
2020: €-249k▼ -19.9% vs 2019
2021: €-407k▼ -63.1% vs 2020lowest in 8 years
2022: €-10k▲ +97.5% vs 2021highest in 8 years
2023: €-65k▼ -532% vs 2022
2024: €-72k▼ -9.7% vs 2023
2025: €-46k▲ +35.8% vs 2024
2018 → 2025
Working capital
€1.10M▼ 4.5%
2024 · €1.15M
2018: €1.83Mhighest in 8 years
2019: €1.57M▼ -14.4% vs 2018
2020: €1.29M▼ -17.5% vs 2019
2021: €860k▼ -33.5% vs 2020lowest in 8 years
2022: €1.05M▲ +21.7% vs 2021
2023: €1.24M▲ +18.6% vs 2022
2024: €1.15M▼ -7.6% vs 2023
2025: €1.10M▼ -4.5% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.56M-€1.55M▼ 0.7%€1.49M▼ 4.3%€1.42M▼ 4.8%€1.37M▼ 3.3%
2021: €1.56Mhighest in 5 years
2022: €1.55M▼ -0.7% vs 2021
2023: €1.49M▼ -4.3% vs 2022
2024: €1.42M▼ -4.8% vs 2023
2025: €1.37M▼ -3.3% vs 2024lowest in 5 years
Operating result€-288k-€5k€-51k€-65k▼ 26.1%€-41k▲ 37.5%
2021: €-288klowest in 5 years
2022: €5k▲ +102% vs 2021highest in 5 years
2023: €-51k▼ -1149% vs 2022
2024: €-65k▼ -26.1% vs 2023
2025: €-41k▲ +37.5% vs 2024
Net result€-407k-€-10k▲ 97.5%€-65k▼ 532%€-72k▼ 9.7%€-46k▲ 35.8%
2021: €-407klowest in 5 years
2022: €-10k▲ +97.5% vs 2021highest in 5 years
2023: €-65k▼ -532% vs 2022
2024: €-72k▼ -9.7% vs 2023
2025: €-46k▲ +35.8% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €41k in 2025 against €65k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.26M
Fixed assets
€1.06M ▲ 186%
Current assets
€1.20M ▼ 2.5%
Equity and liabilities €2.26M
Equity
€1.37M ▼ 3.3%
Debt
€895k ▲ 372%
Debt's share of the balance-sheet total rises from 11.8% to 39.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-11k▲
2024 · €-38k
Cash flow
€-16k▲
2024 · €-45k
Current ratio
11.14▼
2024 · 14.07
Quick ratio
5.83▲
2024 · 5.13
Debt to equity
0.65▲
2024 · 0.13
ROE
-3.4%▲
2024 · -5.1%
ROA
-2.0%▲
2024 · -4.5%
Interest coverage
-1.92▲
2024 · -5.93
Debt ≤ 1 year
€108k▲
2024 · €88k
Debt > 1 year
€787k▲
2024 · €102k
Income taxes
€99▼
2024 · €488
Staff costs
€0▲
2024 · €-165
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.61M€2.26M▲
Fixed assets21/28€371k€1.06M▲
Tangible fixed assets22/27€371k€1.06M▲
Land and buildings22€371k€520k▲
Furniture and vehicles24€460€133▼
Assets under construction and advance payments27-€541k
Current assets29/58€1.23M€1.20M▼
Stocks and contracts in progress3€785k€574k▼
Stocks30/36€785k€574k▼
Amounts receivable within one year40/41€3k€15k▲
Trade receivables40€3k€868▼
Other amounts receivable41€0€14k▲
Cash at bank and in hand54/58€446k€615k▲
Equity and liabilities
Total equity and liabilities10/49€1.61M€2.26M▲
Equity10/15€1.42M€1.37M▼
Contributions10/11€446k€446k=
Outside capital11€446k€446k=
Other1109/19€446k€446k=
Reserves13€970k€924k▼
Tax-exempt reserves132€56k€56k=
Distributable reserves133€914k€868k▼
Amounts payable17/49€190k€895k▲
Amounts payable after more than one year17€102k€787k▲
Financial debts170/4€102k€787k▲
Amounts payable within one year42/48€88k€108k▲
Current portion of amounts payable after more than one year42€28k€29k▲
Trade debts44€2k€18k▲
Suppliers440/4€2k€18k▲
Taxes, remuneration and social security45€58k€61k▲
Taxes450/3€58k€61k▲
Income statement
Code20242025
Remuneration, social security and pensions62€-165€0▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€30k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€8k€7k▼
Gross operating margin9900€-30k€-3k▲
Operating profit (loss)9901€-65k€-41k▲
Financial income75/76B€101€139▲
Recurring financial income75€101€139▲
Financial charges65/66B€6k€6k▼
Recurring financial charges65€6k€6k▼
Profit (loss) for the period before taxes9903€-71k€-46k▲
Income taxes67/77€488€99▼
Profit (loss) for the period9904€-72k€-46k▲
Profit (loss) for the period to be appropriated9905€-72k€-46k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-72k€-46k▲
Transfer from equity791/2€72k€46k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €63k | €43k | €15k | €-165 | €0 | ▲ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €58k | €44k | €35k | €27k | €30k | ▲ 12.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €-4k | €0 | - | - |
| Other operating charges640/8 | €9k | €9k | €15k | €8k | €7k | ▼ 8.1% |
| Gross operating margin9900 | €-158k | €101k | €10k | €-30k | €-3k | ▲ 89.3% |
| Operating profit (loss)9901 | €-288k | €5k | €-51k | €-65k | €-41k | ▲ 37.5% |
| Financial income75/76B | €11k | €11 | €15 | €101 | €139 | ▲ 38.2% |
| Recurring financial income75 | €11k | €11 | €15 | €101 | €139 | ▲ 38.2% |
| Financial charges65/66B | €12k | €15k | €7k | €6k | €6k | ▼ 13.6% |
| Recurring financial charges65 | €12k | €15k | €7k | €6k | €6k | ▼ 13.6% |
| Profit (loss) for the period before taxes9903 | €-289k | €-10k | €-59k | €-71k | €-46k | ▲ 35.5% |
| Income taxes67/77 | €117k | €478 | €7k | €488 | €99 | ▼ 79.6% |
| Profit (loss) for the period9904 | €-407k | €-10k | €-65k | €-72k | €-46k | ▲ 35.8% |
| Transfer from tax-exempt reserves789 | €720k | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €313k | €-10k | €-65k | €-72k | €-46k | ▲ 35.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.58M | €1.84M | €1.67M | €1.61M | €2.26M | ▲ 41.1% |
| Formation expenses20 | €1k | €0 | - | - | - | - |
| Fixed assets21/28 | €928k | €696k | €397k | €371k | €1.06M | ▲ 186% |
| Tangible fixed assets22/27 | €919k | €677k | €397k | €371k | €1.06M | ▲ 186% |
| Land and buildings22 | €901k | €667k | €397k | €371k | €520k | ▲ 40.3% |
| Plant, machinery and equipment23 | €60 | €0 | - | - | - | - |
| Furniture and vehicles24 | €18k | €10k | €547 | €460 | €133 | ▼ 71.0% |
| Assets under construction and advance payments27 | - | - | - | - | €541k | - |
| Financial fixed assets28 | €9k | €19k | €0 | - | - | - |
| Current assets29/58 | €1.65M | €1.15M | €1.27M | €1.23M | €1.20M | ▼ 2.5% |
| Amounts receivable after more than one year29 | €362k | - | - | - | - | - |
| Other amounts receivable291 | €362k | - | - | - | - | - |
| Stocks and contracts in progress3 | €1.10M | €661k | €1.02M | €785k | €574k | ▼ 26.9% |
| Stocks30/36 | €1.10M | €661k | €1.02M | €785k | €574k | ▼ 26.9% |
| Amounts receivable within one year40/41 | €72k | €330k | €5k | €3k | €15k | ▲ 337% |
| Trade receivables40 | €4k | €5k | €988 | €3k | €868 | ▼ 75.0% |
| Other amounts receivable41 | €68k | €325k | €4k | €0 | €14k | - |
| Cash at bank and in hand54/58 | €111k | €155k | €247k | €446k | €615k | ▲ 37.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.58M | €1.84M | €1.67M | €1.61M | €2.26M | ▲ 41.1% |
| Equity10/15 | €1.56M | €1.55M | €1.49M | €1.42M | €1.37M | ▼ 3.3% |
| Contributions10/11 | €446k | €446k | €446k | €446k | €446k | = |
| Capital10 | - | €0 | - | - | - | - |
| Issued capital100 | - | €0 | - | - | - | - |
| Outside capital11 | - | €446k | €446k | €446k | €446k | = |
| Other1109/19 | - | €446k | €446k | €446k | €446k | = |
| Reserves13 | €1.12M | €1.12M | €1.04M | €970k | €924k | ▼ 4.7% |
| Non-distributable reserves130/1 | €45k | €45k | €0 | - | - | - |
| Legal reserve130 | - | €0 | - | - | - | - |
| Reserves not available under the articles1311 | €45k | €45k | €0 | - | - | - |
| Tax-exempt reserves132 | €55k | €55k | €56k | €56k | €56k | = |
| Distributable reserves133 | €1.02M | €1.02M | €985k | €914k | €868k | ▼ 5.0% |
| Profit (loss) carried forward14 | - | €-10k | €0 | - | - | - |
| Amounts payable17/49 | €1.01M | €287k | €185k | €190k | €895k | ▲ 372% |
| Amounts payable after more than one year17 | €225k | €189k | €151k | €102k | €787k | ▲ 672% |
| Financial debts170/4 | €138k | €189k | €151k | €102k | €787k | ▲ 672% |
| Other amounts payable178/9 | €87k | - | - | - | - | - |
| Amounts payable within one year42/48 | €787k | €99k | €33k | €88k | €108k | ▲ 23.2% |
| Current portion of amounts payable after more than one year42 | €64k | €36k | €29k | €28k | €29k | ▲ 4.5% |
| Financial debts43 | €628k | - | - | - | - | - |
| Credit institutions430/8 | €628k | - | - | - | - | - |
| Trade debts44 | €5k | €4k | €2k | €2k | €18k | ▲ 855% |
| Suppliers440/4 | €5k | €4k | €2k | €2k | €18k | ▲ 855% |
| Taxes, remuneration and social security45 | €90k | €58k | €1k | €58k | €61k | ▲ 4.9% |
| Taxes450/3 | €74k | €46k | €1k | €58k | €61k | ▲ 4.9% |
| Remuneration and social security454/9 | €16k | €12k | €0 | - | - | - |
| Other amounts payable47/48 | - | €981 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-407k | €-10k | €-65k | €-72k | €-46k | ▲ 35.8% |
| + Depreciation and write-downs630 | €58k | €44k | €35k | €27k | €30k | ▲ 12.3% |
| Operating cash flow (approximation) | €-349k | €34k | €-30k | €-45k | €-16k | ▲ 64.0% |
| Investment in fixed assets (approximation) | - | €188k | €263k | €-240 | €-720k | ▼ 300,383% |
| Change in cash | - | €44k | €92k | €199k | €168k | ▼ 15.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
31-12
Financial
Liquidity triplescurrent ratio 38.37
Current ratio from 11.59 to 38.37; short-term debt falls from €99k to €33k.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity times 6current ratio 11.59
Current ratio from 2.09 to 11.59; short-term debt falls from €787k to €99k.
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-407k
Net result drops to €-407k, the lowest in the series; recovery starts the following year.
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
2020
17-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 17 days late
2019
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
01-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 1 day late
2017
01-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 1 day late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
10 acts for this company are 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, Sint-Truiden · 1 establishment unit since 1987
Ground area
4,383 m²
Building footprint
1,621 m²
Volume, LiDAR
5,951 m³
Parcel 71352D0900/00P002, Flanders · tallest building 9.1 m, ±1 floor. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
MATHIMMO
since 19872.032.122.086
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71352D0900/00P002 | Flanders | 4,383 m² | 1 · 1,621 m² | 9.1 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
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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Of 11,748 companies in sector 68310 we hold annual accounts for 6,905. 3,305 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded19-11-1987
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
Scores and ratios are computed by Checked and are not a credit decision.