MATH
ActiveMATH has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €181k and a net result of €987. Equity is growing by ~10.8% per year across the filed fiscal years. Its solvency ranks better than 92% of 26062 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2024
68
/ 100
Healthy▼ -18 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability3▼-19
Solvency100=
Growth48▼-17
Stability100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 6.61 against 12.87 in 2023), and 13.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 47
Relative position
BE, all sectors
reference
Sector 47
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-07-2025, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
17 d early
2023
72 d late
2022
32 d late
2021
85 d late
2020
109 d late
2019
132 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€207k▼ 43.0%
2019 · €364k
2018: €199k
2019: €364k
2018 → 2020
EBIT margin
32.3%▲ 21.2pp
2019 · 11.2%
2018: 2.6%
2019: 11.2%
2018 → 2020
Net result
€987▼ 87.3%
2023 · €8k
2018: €7k
2019: €40k
2020: €83k
2021: €23k
2022: €4k
2023: €8k
2018 → 2024
Working capital
€159k▼ 8.9%
2023 · €175k
2018: €93k
2019: €106k
2020: €140k
2021: €163k
2022: €167k
2023: €175k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€207k-
Equity€145k-€168k▲ 16.0%€172k▲ 2.7%€180k▲ 4.5%€181k▲ 0.5%
Operating result€67k-€23k▼ 65.4%€5k▼ 79.2%€14k▲ 182%€-22k
Net result€83k-€23k▼ 72.2%€4k▼ 80.8%€8k▲ 74.6%€987▼ 87.3%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €22k after €14k in 2023, the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €210k
Fixed assets
€22k▲ 298%
Current assets
€187k▼ 1.0%
Equity and liabilities €210k
Equity
€181k▲ 0.5%
Debt
€28k▲ 92.6%
The debt ratio rises from 7.6% to 13.5%: debt grows faster than equity.
Key figures and ratios
EBITDA
€-17k
Cash flow
€5k
Solvency
86.5%▼
2023 · 92.4%
Current ratio
6.61▼
2023 · 12.87
Quick ratio
6.24▼
2023 · 12.09
Debt / equity
0.16▲
2023 · 0.08
ROE
0.5%▼
2023 · 4.3%
ROA
0.5%▼
2023 · 4.0%
Interest coverage
-29.38
Debt
€28k▲
2023 · €15k
Debt ≤ 1 year
€28k▲
2023 · €15k
Income taxes
€6k▼
2023 · €7k
Staff costs
€61k▼
2023 · €68k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€195k€210k▲
Fixed assets21/28€6k€22k▲
Intangible fixed assets21€664€664=
Tangible fixed assets22/27€601€17k▲
Plant, machinery and equipment23€552€552=
Furniture and vehicles24€49€17k▲
Financial fixed assets28€4k€4k=
Current assets29/58€189k€187k▼
Stocks and contracts in progress3€12k€11k▼
Stocks30/36€12k€11k▼
Amounts receivable within one year40/41€101k€126k▲
Trade receivables40€37k€60k▲
Other amounts receivable41€64k€66k▲
Cash at bank and in hand54/58€77k€51k▼
Equity and liabilities
Total equity and liabilities10/49€195k€210k▲
Equity10/15€180k€181k▲
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Profit (loss) carried forward14€160k€161k▲
Amounts payable17/49€15k€28k▲
Amounts payable within one year42/48€15k€28k▲
Trade debts44€10k€3k▼
Suppliers440/4€10k€3k▼
Advances received on contracts in progress46€27€21k▲
Taxes, remuneration and social security45€5k€5k▼
Taxes450/3€5k€5k▼
Income statement
Code20232024
Goods, raw materials, services and sundry goods60/61€263k€294k▲
Remuneration, social security and pensions62€68k€61k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€4k
Other operating charges640/8€100€3k▲
Gross operating margin9900€82k€47k▼
Operating profit (loss)9901€14k€-22k▼
Financial income75/76B€1k€29k▲
Recurring financial income75€1k€17k▲
Non-recurring financial income76B-€11k
Financial charges65/66B-€592
Recurring financial charges65-€592
Profit (loss) for the period before taxes9903€15k€7k▼
Income taxes67/77€7k€6k▼
Profit (loss) for the period9904€8k€987▼
Profit (loss) for the period to be appropriated9905€8k€987▼
Appropriation of the result
Profit (loss) to be appropriated9906€160k€161k▲
Profit (loss) brought forward from the previous period14P€152k€160k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €987 ▼87.3%
Net result drops to €987, the lowest in the series.
11-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 72 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
24-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 85 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 6.57
Current ratio from 3.07 to 6.57; short-term debt falls from €68k to €29k.
31-12
Financial
Equity above €150kEq €168k ▲16%
4 profitable years in a row build equity to €168k.
17-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 109 days late
2020
31-12
Financial
Highest result since 2018net €83k ▲107%
Operating result €67k, net result €83k, both a record.
10-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 132 days late
2019
31-12
Financial
Equity above €100kEq €111k ▲13.2%
2 profitable years in a row build equity to €111k.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
24-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 55 days late
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
14-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
2 directors, last change in 2025
Ouahabi Najib
CurrentDirector · since 31-03-2025
31-03-2025
Ouahabi Najib: Appointed as Director
31-03-2025
Choukri Mohammed: Resigned as Director
22-12-2023
Ouahabi Najib: Resigned as Manager
Not every act has been read: a resignation may be missing here
6 of this company's 6 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Anderlecht · 2 establishment units since 2003
Ground area
614 m²
Building footprint
403 m²
Volume, LiDAR
3,906 m³
2 parcels, Brussels, Flanders · tallest building 18.4 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
MATH
since 20032.133.374.349
MATH
since 20062.150.819.206
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22006A0114/00P000 | Flanders | 520 m² | 1 · 325 m² | 14.8 m · 3 fl. |
| 21305B0234/00G002 | Brussels | 94 m² | 1 · 79 m² | 18.4 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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MILTA
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VERSATILE INFORMATICS CONSULTING
BE 0600.964.191
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PME MULTIMEDIA
BE 0479.824.455
Brecht · Eq €182k
Of 3,214 companies in sector 47400 we hold annual accounts for 1,797. 1,374 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-04-2001
Fiscal year end31-12
Activities, NACEBEL
47400Retail sale of information and communication equipment
47410Retail trade
47420Retail trade
64200Holdings
49320Taxi operation
49330On-demand passenger transport by chauffeured vehicle
61100Wired, wireless and satellite telecommunications
61200Telecommunications
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 08-09-2026. Scores and ratios are computed by Checked and are not a credit decision.