MATH'IMMO
ActiveSummary
MATH'IMMO has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8,377 and a net result of -€1,649. Its solvency ranks better than 48% of 17,033 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Overview
- Equity
- €8,377
- Loss
- -€1,649
Why 64raises risk1 change of registered office in 24 monthsFounded in 2024Last filed accounts filed 38 days late; 1 of the last 3 latelowers riskSector: Real estate activities (NACE 68)Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro): better than 46% on solvency, 47% on liquidity, 49% on profitability and 23% on growth.
The bankruptcy probability was computed on 25-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 2 accounts on average 33 days after the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Registered officeRegistered-office move · Director in…
Financials · financial year 2025, micro format
2025 annual accounts filed late (38 days) Filed on 7 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00508899.
2024 to 2025, 2 financial years
The operating result falls in 2025; 2025 is 96% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 1,271 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 93.5% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a small loss
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,271 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,310 | €5,869 | ▲ 154% |
| Other operating charges640/8 | €1,117 | €1,532 | ▲ 37.1% |
| Gross operating margin9900 | €12,425 | €7,730 | ▼ 37.8% |
| Operating profit (loss)9901 | €8,997 | €329 | ▼ 96.3% |
| Financial income75/76B | €127 | €272 | ▲ 114% |
| Recurring financial income75 | €127 | €272 | ▲ 114% |
| Financial charges65/66B | €526 | €977 | ▲ 85.8% |
| Recurring financial charges65 | €526 | €977 | ▲ 85.8% |
| Profit (loss) for the period before taxes9903 | €8,598 | -€376 | - |
| Income taxes67/77 | €2,572 | €1,272 | ▼ 50.5% |
| Profit (loss) for the period9904 | €6,026 | -€1,649 | - |
| Profit (loss) for the period to be appropriated9905 | €6,026 | -€1,649 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €39,713 | €31,285 | ▼ 21.2% |
| Fixed assets21/28 | €26,767 | €20,898 | ▼ 21.9% |
| Tangible fixed assets22/27 | €26,767 | €20,898 | ▼ 21.9% |
| Furniture and vehicles24 | €26,767 | €20,898 | ▼ 21.9% |
| Current assets29/58 | €12,946 | €10,387 | ▼ 19.8% |
| Amounts receivable within one year40/41 | €5,194 | €6,492 | ▲ 25.0% |
| Trade receivables40 | - | €649 | - |
| Other amounts receivable41 | €5,194 | €5,843 | ▲ 12.5% |
| Cash at bank and in hand54/58 | €5,558 | €2,062 | ▼ 62.9% |
| Deferred charges and accrued income490/1 | €2,194 | €1,833 | ▼ 16.4% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €39,713 | €31,285 | ▼ 21.2% |
| Equity10/15 | €10,026 | €8,377 | ▼ 16.4% |
| Contributions10/11 | €4,000 | €4,000 | = |
| Profit (loss) carried forward14 | €6,026 | €4,377 | ▼ 27.4% |
| Amounts payable17/49 | €29,687 | €22,908 | ▼ 22.8% |
| Amounts payable after more than one year17 | €21,049 | €15,598 | ▼ 25.9% |
| Financial debts170/4 | €21,049 | €15,598 | ▼ 25.9% |
| Amounts payable within one year42/48 | €8,638 | €7,310 | ▼ 15.4% |
| Current portion of amounts payable after more than one year42 | €5,246 | €5,451 | ▲ 3.9% |
| Trade debts44 | €412 | €402 | ▼ 2.5% |
| Suppliers440/4 | €412 | €402 | ▼ 2.5% |
| Taxes, remuneration and social security45 | €2,980 | €1,457 | ▼ 51.1% |
| Taxes450/3 | €2,980 | €1,457 | ▼ 51.1% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €6,026 | -€1,649 | - |
| + Depreciation and write-downs630 | €2,310 | €5,869 | ▲ 154% |
| Operating cash flow (approximation) | €8,336 | €4,221 | ▼ 49.4% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | -€3,496 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 07-09-2026 | 2026-00508899 |
| 31-12-2024 | micro format | 28-08-2025 | 2025-00418935 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| MATHIEU Eline Alexandra Marie Blanche |
|
Owners and capital
Capital and shareholders
- MATHIEU Eline Alexandra Marie Blanche 100 shares (100%) · €4,000 in cash
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 26-03-2024 Incorporation · €4,000 · 100 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
24-07
Gazette deed
Registered officeRegistered-office move · Director in office3 facts ▸
- General meeting, 01-05-2025
- Registered-office move, Grand Route 63/3 à 5380 Hingeon
- Director in office, Mathieu Eline Alexandra (director)
26-03
Gazette deed
IncorporationAppointment: MATHIEU Eline Alexandra Marie Blanche (director) · Permanent representative: MATHIEU Eline Alexandra Marie Blanche · Founder12 facts ▸
- Founder, MATHIEU Eline Alexandra Marie Blanche (comparant,fondateur)
- Incorporation, 22-03-2024
- Founding capital, €4,000
- Bank account, 4000, “BE17 7512 1299 0721” (deed in French)
- Other provision, “arrêt des statuts, comparants déclarent arrêter statuts” (deed in French)
- General meeting, “unanimité des voix, adoption statuts, société définitivement constituée, décisions finales 1 à 7” (deed in French)
- Registered office clause, “5300 Andenne, Rue Maurice Bertrand 543D” (deed in French)
- Board rule, 1
- Director appointment, MATHIEU Eline Alexandra Marie Blanche (director (not named in the articles))
- Permanent representative, MATHIEU Eline Alexandra Marie Blanche
- Pre-incorporation commitments, “takeover, tous engagements et obligations en résultant et activités entreprises par l un ou l autre des comparants au nom et pour compte de la société en format…” (deed in French)
- Other provision, “adresse mail et site internet, n a pas d adresse mail” (deed in French)
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 25 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 92064A0213/00P000 | Wallonia | 1,181 m² | - | - |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “L'exercice de la profession d'agent immobilier,et notamment : L'achat,la vente,l'échange,la construction,la reconstruction,la démolition,la…” (deed in French)
16 activities (deed in French)
- L'exercice de la profession d'agent immobilier,et notamment : L'achat,la vente,l'échange,la construction,la reconstruction,la démolition,la transformation,l'exploitation,la prise en location et en sous-location,ainsi que la cession en location et en sous-location,le tout avec ou sans option d'achat,la mise en valeur,le lotissement,l'affermage,l'exploitation,l'entretien et la gérance de tous immeubles bâtis,meublés ou non,de tous immeubles non-bâtis,domaines,fonds de commerce et caetera
- Elle peut donner à bail ses installations et exploitations ou les donner à gérer à des tiers,en tout ou en partie
- Elle pourra également louer ou sous louer,acquérir des droits réels ou la pleine propriété de tout immeuble dans le but soit d’y établir son siège social,un siège d’exploitation,ou d’y loger ses dirigeants et les membres de leur famille à titre de résidence principale ou secondaire
- Elle pourra ériger toutes constructions pour son compte ou pour compte de tiers,en tant que maître de l'ouvrage ou entrepreneur général,et effectuer,éventuellement aux biens immobiliers,des transformations et mises en valeur ainsi que l'étude et l'aménagement de lotissements y compris la construction de routes et égouts;souscrire des engagements en tant que conseiller en construction (études de génie civil et des divers équipements techniques des immeubles);acheter tous matériaux,signer tous contrats d'entreprises qui seraient nécessaires;réaliser toutes opérations de change,commission et courtage,ainsi que la gérance d'immeubles
- La prestation de tous services dans le cadre de son objet,y compris la gestion de patrimoine
- La conception,l’invention,la fabrication,la construction,l’importation,l’exportation,l’achat et la vente,la distribution,l’entretien,l’exploitation tant en nom propre qu’en qualité d’agent,de commissionnaire ou de courtier : a) de tout bien immobilier accessoire aux biens immobiliers visés ci-avant ; b) de parcomètres,ainsi que de tous autres appareils destinés à contrôler,empêcher ou limiter le stationnement de véhicules,tant sur la voie publique que dans les propriétés privées
- L’activité de syndic d’immeubles soit la prise en charge de la gestion des parties communes d’immeubles en copropriété,l’activité de régisseur de biens,soit l’administration de biens immeubles et droits immobiliers,l’activité de couverture en assurances des risques encourus pour les biens objets des activités ci-avant décrites
- La société peut réaliser toutes les missions qui peuvent être confiées en vertu des lois particulières à l’agent immobilier,le tout dans le respect des lois,arrêtés ou autre texte légal concernant la profession d’agent immobilier et pour autant que cela soit compatible avec la déontologie à laquelle ladite profession est soumise
- L’activité de marchand de biens
- La gestion d’un patrimoine mobilier et immobilier,pour compte propre,compte de tiers,participation avec tiers : toutes opérations civiles d’achat,de vente,de transformation,d’aménagement,de conclusion de baux commerciaux et/ou civils,de sous-location,d’échange et de vente de tous immeubles à l’exclusion de l’entreprise d’achat d’immeubles en vue de la revente
- La commercialisation,sous toutes ses formes et notamment l’achat,la vente,en gros et en détail,le courtage et la commission des produits conçus et/ou fabriqués par elle ou par toutes autres sociétés,et notamment la vente de tout objet,matériel ou matériau en rapport avec ce qui précède
- L’importation,l’exportation,les opérations de vente et d’achats internationales,toutes activités de transport de biens et de personnes,la commercialisation de tous biens d’équipements et de marchandises de toutes natures,la représentation commerciale de toutes marques,la vente en gros,demi-gros et détail,le commerce en général
- Elle peut faire tout ce qui est utile ou nécessaire à l’accomplissement de son objet social et accomplir toutes opérations commerciales,industrielles,mobilières,immobilières ou financières se rattachant directement ou indirectement à son objet social et notamment l’achat,la vente,la location de tous biens meubles,immeubles ou fonds de commerce appartenant à la société
- Acquérir,aliéner,prendre ou donner en location tous immeuble ou fonds de commerce,acquérir,céder tous brevets,licences,marques de fabrique ou de commerce,s’intéresser à toutes sociétés ou entreprises dont l’objet serait similaire,analogue ou connexe ou utile à l’extension de ses opérations
- Toutes opérations mobilières,immobilières,commerciales,industrielles,financières se rapportant directement ou indirectement à son objet social via association,partenariat ou sous-traitance d’entreprises titulaires des accès,agréations ou enregistrements requis
- Tous placements en valeurs mobilières,s’intéresser par association,apport,fusion,souscription,participation,intervention financière à toutes sociétés existantes ou à créer,et conférer toutes sûretés pour compte de tiers
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- MATH’IMMO
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, sièges administratifs,agences,ateliers,dépôts,succursales en Belgique et étranger par organe d’administration” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “1- Adresse du siège : L’adresse du siège est située à 5300 Andenne, Rue Maurice Bertrand 543D 2- Administrateur non statutaire L’assemblée…”
- Board ruleHow the board is made up, meets and takes decisions.
- One provision in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, électronique ou papier au choix organe d'administration” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Moitié cédant moitié acquéreurs au prorata si plusieurs, sans recours,rachat exigible au prix notifié ou expert à défaut,commun accord ou…” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- “Droit au débiteur-gagiste, actionnaires existants proportionnellement aux actions détenues” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Wednesday of June at 19:00
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one.
- No statutory auditor
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Dissolution volontaire et dissolution-clôture en un seul acte, commissaire ou à défaut réviseur ou expert-comptable et fiscal externe…” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- 2 provisions in the deed