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MATH RiZK

Active
Private limited companyfounded 1991active for 34 yearsVerte Voie 20, 1348 Ottignies-Louvain-la-Neuve, BelgiumKBO/BCE: BE 0445.787.155
Summary

The annual accounts of MATH RiZK for financial year 2024 show a net loss of 69% of total assets. The 2024 annual accounts show equity of €8,498 and a net result of -€6,937. Equity is shrinking by about 21% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2027. Its solvency ranks better than 86% of 340 sector peers (NACE 80, financial year 2024). The company has been active since 1991 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low).

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MATH RiZKActiveChecked score 55/100
Risk analysis ReportCompare

Overview

Activity
Investigation and private security services
NACE 80010
3rd oldest company in Walloon Brabant, Security and investigation sector1 site
Size
€9,982total assets 2024
Equity
€8,498
Loss
-€6,937
Turnover not published (micro format)
Financial health
55 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
0.3%
Structure
Accounts 78 days overdue0 of 2 deeds read
Why 55raises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearFigures for financial year 2024 (filed 10-06-2025)lowers riskFounded in 1991Liquidity: current ratio 6.73, cash €1,925Sector: Investigation and security activities (NACE 80)Show the evidence

Checked score

Score 2024
55 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 45% of its sector peers (NACE 80, micro)
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2023
Average
Solvency 100=
equity 85.1% of total assets
Liquidity 71+3
short-term debt 14.9% · cash 19.3%
Profitability 0-76
return on assets -69.5%
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (479 companies, NACE 80, micro)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025lowest value 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: 0.1%▲ +0.1 percentage points vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.2%▲ +0.1 percentage points vs 06-2026 08-2026: 0.2%● unchanged vs 07-2026 09-2026: 0.2%● unchanged vs 08-2026 10-2026: 0.3%▲ +0.1 percentage points vs 09-2026highest value
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 6.73, compared with 19.04 in 2023, above the usual 1.5; short-term debt: 14.9% and cash: 19.3% of total assets), and 14.9% of the assets are financed with debt and provisions.
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 80, micro): better than 90% on solvency, 70% on liquidity, 7% on profitability and 15% on growth.

The bankruptcy probability was computed on 16-10-2026 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

Six signals.
lowers riskraises riskneutral
raises risk · Figures for financial year 2024 (filed 10-06-2025)
NBB · annual accounts
lowers risk · Founded in 1991
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Liquidity: current ratio 6.73, cash €1,925
NBB · annual accounts
lowers risk · Sector: Investigation and security activities (NACE 80)
KBO
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 78 days later.
NBB · 10 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline17-10-2026 today
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 09-06-2025, 52 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
52 days early
2023
64 days early
2022
13 days early
2021
51 days early
2020
52 days early
2019
50 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 47 days before the deadline; the sector median (NACE 80) for financial year 2024 is 2 days before the deadline, and 42% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2024 · micro…
  2. Annual accounts filedfinancial year 2023 · micro…
  3. Back to profitnet €908

Key points

  • Caution: Accounts not fileddeadline was 31-07-2026 78 days late View
  • Positive: 3rd oldest company in Walloon Brabant, Security and investigation sectorin the Checked rankings No. 3 View
  • Active since 1991founded 15-11-1991 34 years View

By topic

Financials

Financial year
2024
Total assets
€9,982
Loss
-€6,937
Solvency
85.1%
Total assets▼ 38.4%
Net result
20182024
Go to Financials

Timeline

Events
37
Since
1994
  1. 31-12-2023Liquidity more than doubled
  2. 18-07-2023Annual accounts filed
  3. 10-06-2022Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Investigation and private security servicesNACE 80010
Founded
15-11-1991
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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