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INTERMATH

Active Private limited company (pre-2019)founded 2010active for 16 yearsPater Clement Lemmensstraat 30, 3971 LeopoldsburgKBO/BCE: BE 0831.038.590
INTERMATH
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Overview

Lifetime

14 annual accounts with figures on one time axis
peak €27,202 (2022)
-€12,935▼ €4,743
lowest -€32,384 (2023)
-€15,698▲ €16,686
peak €34,498 (2018)
-€14,326▼ €15,698
€24,289▲ 31.1%
Board1 name since 2010
1 director
Documentsfilings and deeds
31-07-2025on the last day
2024micro format
Gross margin from -€8,192 to -€12,935Loss of €15,698Equity from €1,372 to -€14,326Debts from €18,529 to €24,289Cash from €221 to €30

Key points

from the 2024 annual accounts

Equity

-€14,326
201920202021202220232024

Debts exceed assets in financial year 2024.

Losses

-€48,083 in two years
-32,3842023-15,6982024

The 2023 and 2024 financial years closed with a loss. 2023 was the heaviest.

Debts

€24,289 244% of the balance sheet
After one year 2%Within one year 98%

Of this, €23,747 falls due within a year.

Liquidity

0.36 was 0.97 in 2023

Short-term debts rose from €18,529 to €23,747.

Filings

14 annual accounts 104 days past the deadline
AprilJune31 JulyOctober20152020

2025 accounts not filed: deadline was 31-07-2026.

Position in the sector

-143.8%

Lower solvency than 95% of companies in specialised construction. Sector median 46.6% · 36,050 companies.

Turnover not published (micro format)

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 6,909 companies had the same profile as INTERMATH has now. Each dot stands for 18 companies, two years later.

85.4%
were still trading
8.1%
stopped another way
5.8%
went bankrupt
  • Micro
  • 10 to 20 years old
  • negative equity
  • a loss of 10% of the balance sheet or more

Another 0.7% stopped without a precise date, possibly only after those two years.

Test of the method

The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 2.9% 3.1%
10 5.6% 6.1%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 6,909 companies, not a prediction for INTERMATH. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Board and ownership

Director, since 31-12-2010
Board & ownership

Recent changes

Registered office moved within Leopoldsburg New registered office: Pater Clement Lemmensstraat 30, 3971 Leopoldsburg · Previous registered office: Spoorwegstraat 18, 3971 Leopoldsburg · General meeting of 26-05-2020 · Gazette deed
Incorporation published on 23-11-2010 · Gazette deed
First establishment Pater Clement Lemmensstraat 30, Leopoldsburg
All 22 events

Comparable companies

same main activity, similar in size and age
Company
INTERMATH Leopoldsburg €9,963 -€12,935 -143.8% -
Draye Pierre Wavre €11,224 -€3,064 28.8% -
STONE POINT Lommel €13,068 -€1,019 97.6% -
B&M Verandabouw Beringen €7,647 -€602 -1819.1% -
BREEMANS IVAN SCHRIJNWERKERIJ Hamont-Achel €6,544 -€1,362 -2694.9% -
VESTER BOUW Antwerp €9,989 -€5,595 20.2% -
Keukens & Co Kortenaken €13,176 -€13,270 85.3% -

These companies have the same main activity as INTERMATH: joinery installation (NACE 43320). They are comparable in size and age: total assets between €6,540 and €13,200, founded between 2007 and 2013.

Official details

Source: KBO
Status
Active since 08-11-2010Normal situation
Activity
Joinery installationNACE 43320and 3 others
Establishment unit
2.194.169.2963971 Leopoldsburg, since 08-11-2010
Financial year end
31 December
Peppol
Not found in the Peppol Directory
Company details

Annual accounts 2024

-€12,935▼ 57.9%
€15,698▼ 51.5%
-€14,326
€9,963▼ 49.9%
≈ 0 FTEestimated
Filing
Filed on 31-07-2025
Financials

Insights on INTERMATH

INTERMATH files the micro format. That format states no turnover. The gross margin fell from €18,867 in 2011 to -€12,935 in 2024.

The balance sheet grew most from 2016 to 2018 through fixed assets, financed with long-term debt.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2024

micro format, filed on 31-07-2025, on the day of the deadline

2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 12 November 2026.

-€12,935
▼ €4,743
-€15,455
▲ €16,778
-€14,868
▲ €11,101
-€15,112
▲ €11,008
-143.8%
▼ 150.7 percentage points
0.36
▼ 0.61

Money flows

no detail for 2024

Balance sheet

balance sheet total €9,963 on 31-12-2024
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

-143.8%

Lower than 95% of 36,050 companies in 2024.

0.36

Lower than 95% of 35,438 companies in 2024.

-157.6%

Lower than 95% of 35,625 companies in 2024.

INTERMATH Middle half of the sector 80% of the sector Micro accounts in specialised construction (NACE 43)

Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20242023202220212020201920182017201620152014201320122011
Balance sheet: assets
20/58 9,96319,90144,92641,10350,41463,39090,98478,84060,68229,38121,57425,89037,63928,768
20 --------0-158348538728
21/28 1,3661,95323,53925,40230,01237,24742,87947,84127,7415,8207,9099,92513,5229,155
22/27 1,3661,95323,53925,40230,01237,24742,87947,84127,7415,8207,7519,57712,9848,427
22 4554927299671,2691,7661,2631,4861,040-----
23 9121,1597991,6542,7604,2722,2603,3644,1605,3687,0118,3899,1833,166
24 -30221,99522,70625,84731,01239,10042,68922,179292566443,8005,261
26 --1576136196257302362423483544--
29/58 8,59717,94721,38715,70120,40326,14448,10531,00032,94123,56113,66515,96524,11719,613
29 8,5628,5628,5628,5628,562---------
290 8,5628,5628,5628,5628,562---------
3 -----5827883,1552,9071,6712,9298,0497,637-
30/36 -----5827883,1552,9071,6712,9295,4257,637-
37 -----------2,625--
40/41 59,16512,8257,13911,44117,94339,31327,73825,40420,50510,0167,56710,2039,564
40 -1,7883,5362,8004,0423,30913,53320,16514,30216,7598,0715,5018,2966,822
41 57,3779,2894,3397,39914,63425,7807,57311,1023,7461,9452,0671,9072,742
54/58 30221--4007,4927,8021074,6301,3857213486,27710,050
490/1 -----126202-------
Balance sheet: equity and liabilities
10/49 9,96319,90144,92641,10350,41463,39090,98478,84060,68229,38121,57425,89037,63928,768
10/15 -14,3261,37233,75615,24713,91618,29734,49833,65629,17319,6694,8254,7636,92615,836
10/11 18,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,6006,2006,200
100 -----18,60018,60018,60018,60018,60018,60018,60018,60018,600
101 ------------12,40012,400
13 14,00114,00114,00114,00114,00114,00114,00114,0018,5921,8601,8601,8601,8601,860
130/1 1,8601,8601,8601,8601,860---------
130 -----1,8601,8601,8601,8601,8601,8601,8601,8601,860
1311 1,8601,8601,8601,8601,860---------
132 6,9946,9946,9946,9946,9946,9946,9946,9944,752-----
133 5,1475,1475,1475,1475,1475,1475,1475,1471,980-----
14 -46,927-31,2281,156-17,353-18,684-14,3031,8981,0561,980-791-15,635-15,697-1,1347,776
17/49 24,28918,52911,16925,85636,49845,09356,48645,18431,5099,71216,74921,12730,71312,933
17 ---11,28627,00027,00040,93933,85620,9871,6644,8757,94010,864-
170/4 ---11,28627,00027,00040,93933,85620,9871,6644,8757,94010,864-
42/48 23,74718,52911,16914,5709,49818,09315,54711,32810,5227,89411,87413,18619,84912,933
42 --3,824--13,92913,5979,5176,8583,2123,0652,9242,789-
43 -1,9952,0576,8471,995-----1,3563,197--
430/8 -1,9952,0576,8471,995-----1,3563,197--
44 1712,0662,8712,3074,3532,7295081,2222,3923,6994,9563,1164,5343,234
440/4 1712,0662,8712,3074,3532,7295081,2222,3923,6994,9563,1164,5343,234
46 4,883-------------
45 -5,0542,4175,3743,1501,4351,4415891,2729835062,470829850
450/3 -5,0542,4175,3743,1505756135891,2727775062,470794850
454/9 -----860828--207--35-
47/48 18,6939,414-42------1,9911,48011,6978,848
492/3 542-------0154----
Income statement
70 -----82,347112,819114,614103,270122,085110,208106,641134,170114,503
76A ----10,414----3,385-1,080--
9900 -12,935-8,19227,20212,6259,727-5,05310,85416,93820,67216,1515,852-9,670-2,94218,867
60/61 -----96,442109,649106,61588,584105,934104,356116,310137,11295,635
62 3391,0121,9713,6082,604--0------
630 5876,2651,8634,61010,08010,6307,5239,6948,9293,6373,9334,2594,6433,259
631/4 --------820-----
640/8 1,5942063,3691,5085588855756865335368258679001,382
66A -16,560------------
9901 -15,455-32,23319,9982,899-3,515-16,5682,7556,55810,39011,9781,094-14,796-8,48514,226
75/76B 1941023191,4691,1393463690152714431
75 1941023191,4691,1393463690152714431
65/66B 4371521,4891,5918841,7431,0881,0624435118611,03947930
65 4371521,4891,5918841,7431,0881,0624435118611,03947930
9903 -15,698-32,38418,5091,331-4,381-16,8422,8065,84210,31614,852248-14,483-8,91914,228
67/77 ------6411,9641,359812718680-94,592
9904 -15,698-32,38418,5091,331-4,381-16,2018424,4839,50414,84462-14,563-8,9109,636
689 -------2,2424,752-----
9905 -15,698-32,38418,5091,331-4,381-16,2018422,2424,75214,84462-14,563-8,9109,636
Appropriation of the result
9906 -46,927-31,2281,156-17,353-18,684-14,3031,8984,2223,961-791-15,635-15,697-1,1349,636
14P -31,2281,156-17,353-18,684----------
691/2 -------3,1671,980----1,860
6920 -------------1,860
6921 -------3,1671,980-----
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2024 (PDF), filed on 31-07-2025.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2024 micro format 31-07-2025 2025-00337237 PDF
31-12-2023 micro format 30-08-2024 2024-00407596 PDF
31-12-2022 micro format 30-09-2023 2023-00462701 PDF
31-12-2021 micro format 30-08-2022 2022-20342233 PDF
31-12-2020 micro format 16-11-2021 2021-77300096 PDF
31-12-2019 micro format 03-07-2020 2020-25100474 PDF
31-12-2018 micro format 27-08-2019 2019-50800442 PDF
31-12-2017 micro format 03-08-2018 2018-42600556 PDF
31-12-2016 micro format 14-07-2017 2017-30800488 PDF
31-12-2015 abbreviated format 18-07-2016 2016-31900335 PDF
31-12-2014 abbreviated format 23-07-2015 2015-32700506 PDF
31-12-2013 abbreviated format 14-08-2014 2014-41800293 PDF
31-12-2012 abbreviated format 23-07-2013 2013-33000441 PDF
31-12-2011 abbreviated format 21-08-2012 2012-42000562 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20242023202220212020201920182017201620152014201320122011
-14,868-25,96921,8617,5096,564-5,93810,27916,25219,31915,6155,027-10,537-3,84217,485
-15,112-26,12020,3725,9405,699-5,5718,36614,17718,43218,4813,995-10,304-4,26712,895
01,239002,8454,9972,56229,79430,8496,4781,9172,7229,01011,464
-191----7,092-3107,695-4,5233,245664373-5,929-3,772-
-15,150-58110,2181,13110,9058,05132,55819,67222,41915,6671,7912,7784,2686,681
------20.1%2.4%5.7%10.1%9.8%1.0%-13.9%-6.3%12.4%
-143.8%6.9%75.1%37.1%27.6%28.9%37.9%42.7%48.1%66.9%22.4%18.4%18.4%55.0%
0.360.971.911.082.151.443.092.743.132.981.151.211.221.52
0.360.971.911.082.151.413.042.462.852.770.900.600.831.52
-13.500.331.702.622.461.641.341.080.493.474.444.430.82
--54.8%8.7%-31.5%-88.5%2.4%13.3%32.6%75.5%1.3%-305.8%-128.7%60.8%
-157.6%-162.7%41.2%3.2%-8.7%-25.6%0.9%5.7%15.7%50.5%0.3%-56.3%-23.7%33.5%
-34.03-170.5914.684.72----------
-----15 days44 days64 days51 days50 days27 days19 days23 days22 days
-----10 days2 days4 days10 days13 days17 days10 days12 days12 days

Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item2024202320222021
Tangible fixed assets-€1,239--
€587€6,265€1,863€4,610

Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)

Insights on INTERMATH

The operating result for 2024 is a loss of €15,455, smaller than the loss of €32,233 in 2023.

Equity is negative. Debt (€24,289) exceeds the balance-sheet total (€9,963).

Board & ownership

Board

1 director
Director
since 31-12-2010
listed in the 2024 annual accounts, filed on 31-07-2025

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today

Director
Board
Mandates as a list
    • Director, from 31-12-2010 to date

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Contribution
€18,600
Source
2024 annual accounts

Network & group

No group

INTERMATH has no parent and no holdings in its annual accounts. is the only director. INTERMATH shares no director with another company.

Timeline

Timeline

22 events since 2010
2025
Annual accounts 2024 filed PDFmicro format · on the deadline day
2024
Annual accounts 2023 filed PDFmicro format · 30 days late
2023
Weakest financial year net -€32,384 The net result drops to -€32,384, the lowest from 2011 to 2024. It recovers the following year.
Annual accounts 2022 filed PDFmicro format · 61 days late
2022
Highest result from 2011 to 2024 net €18,509 ▲1,291% The operating result of €19,998 and the net result of €18,509 are both a record.
Annual accounts 2021 filed PDFmicro format · 30 days late
2021
Back to profit net €1,331 The net result is €1,331, after 2 loss-making years.
Annual accounts 2020 filed PDFmicro format · 108 days late
2020
Registered office moved within LeopoldsburgNew registered office: Pater Clement Lemmensstraat 30, 3971 Leopoldsburg · Previous registered office: Spoorwegstraat 18, 3971 Leopoldsburg · General meeting of 26-05-20202 points ▸
  • General meeting, 26-05-2020
  • Registered-office move, Pater Clement Lemmensstraat 30, 3971 Leopoldsburg

Open the deed in the Belgian Official Gazette

Annual accounts 2019 filed PDFmicro format · 28 days before the deadline
2019
Annual accounts 2018 filed PDFmicro format · 27 days late
2018
Annual accounts 2017 filed PDFmicro format · 3 days late
2017
Annual accounts 2016 filed PDFmicro format · 17 days before the deadline
2016
Annual accounts 2015 filed PDFabbreviated format · 13 days before the deadline
2015
Liquidity more than doubled current ratio 2.98 The current ratio rises from 1.15 to 2.98. Short-term debt falls from €11,874 to €7,894.
Annual accounts 2014 filed PDFabbreviated format · 8 days before the deadline
2014
Back to profit net €62 The net result is €62, after 2 loss-making years.
Annual accounts 2013 filed PDFabbreviated format · 14 days late
2013
Annual accounts 2012 filed PDFabbreviated format · 8 days before the deadline
2012
Annual accounts 2011 filed PDFabbreviated format · 21 days late
2010
Incorporation PDFpublished on 23-11-2010
First establishment Pater Clement Lemmensstraat 30, Leopoldsburg

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

INTERMATH was incorporated on 8 November 2010.1 The registered office was moved to Leopoldsburg in 2020.2 Total assets fell from €90,984 in 2018 to €9,963 in 2024.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 16-07-2020
  3. 3National Bank, annual accounts 2018 and 2024

Company details

Identity

Enterprise number
0831.038.590
VAT number
BE 0831.038.590
Legal form
Private limited company (pre-2019)
Status
Active, normal situation
Founded
08-11-2010
Financial year
ends on 31 December
Peppol
Not found in the Peppol Directory
Name
INTERMATH in Dutch
Entity type
Legal entity

Activities

NACEBEL 2025
43320 Joinery installation main activity
42130 Civil engineering
43240 Other construction installation
43332 Laying of wooden floor and wall coverings
Codes under NACEBEL 2008
43320 Joinery installation main activity
42130 Civil engineering
43299 Specialised construction activities
43332 Laying of wooden floor and wall coverings

Registered office and establishments

1 establishment
Establishment Since Unit number
Pater Clement Lemmensstraat 30 registered office 3971 Leopoldsburg 08-11-2010 2.194.169.296

Buildings and parcels at the address

Ground area
2,116 m²
Buildings
224 m²
Volume, LiDAR
735 m³
Tallest building
4.9 m
Buildings to scale, each on its own parcel
224 m², 4.9 m 224 m², 4.9 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
71023C0179/00B0002,116 m² 1 · 224 m² 4.9 m · 1

Invoicing and payment

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Register as of 12 November 2026 · Peppol Directory

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