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MATH TECH

Active Private limited companyfounded 2017active for 9 yearsHerrmann-Debrouxlaan 40-42, 1160 AuderghemKBO/BCE: BE 0683.737.756
MATH TECH
Financial year 2025
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Annual accounts 2025

micro format, filed on 12-03-2026, 141 days before the deadline
€50,952
▼ 2.6%
€44,463
▼ 2.5%
€31,900
▲ 8.3%
-€1,567
▼ €20,869
4.9%
▼ 53.7 percentage points
0.97
▼ 0.96

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €100,000. Estimated: probably between €78,000 and €130,000.

Balance sheet

balance sheet total €57,952 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

4.9%

Higher than 13% of 41,211 companies in 2025.

0.97

Higher than 24% of 39,782 companies in 2025.

55.0%

Higher than 89% of 40,303 companies in 2025.

MATH TECH Middle half of the sector 80% of the sector Micro accounts in head offices and management consultancy (NACE 70)

Net result: middle half · 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 Trend20252024202320222021202020192018
Balance sheet: assets
20/58 57,95249,94560,12968,28456,478109,94588,72977,310
21/28 4,42710,00715,5884,401354587468-
22/27 4,0739,65315,2344,047-233468-
23 -----233468-
24 4,0739,65315,2344,047----
28 354354354354354354--
29/58 53,52539,93844,54163,88356,124109,35888,26177,310
29 ---30,00030,00053,00053,000-
291 ---30,00030,00053,00053,000-
40/41 27,26329,37829,13913,5288,51526,50026,44718,150
40 27,26329,37829,13913,3077,38722,11321,05418,150
41 ---2211,1284,3875,393-
54/58 26,26210,56015,40215,87714,07627,9298,74059,160
490/1 ---4,4783,5331,92974-
Balance sheet: equity and liabilities
10/49 57,95249,94560,12968,28456,478109,94588,72977,310
10/15 2,86029,30920,46054,29849,06390,91968,69950,332
10/11 1,0001,00018,60018,60018,60018,60018,60012,400
100 ------18,60018,600
101 -------6,200
13 1,8601,8601,86035,69830,46372,31950,09937,932
130/1 1,8601,8601,8601,8601,8601,860--
130 ------1,8601,860
1311 1,8601,8601,8601,8601,8601,860--
133 ---33,83828,60370,45948,23936,072
14 -26,449------
17/49 55,09220,63639,66913,9867,41519,02620,03026,978
42/48 55,09220,63639,66913,9867,41517,34612,69423,002
44 942-1,903-19548438562
440/4 942-1,903-19548438562
45 13,83020,38028,31313,9247,19716,30211,85621,640
450/3 13,83020,38028,31313,9247,15710,61811,6118,022
454/9 ----405,68424513,618
47/48 40,3202569,4536223560800800
492/3 -----1,6807,3363,976
Income statement
9900 50,95252,32468,03442,46235,11226,62015,65954,665
630 5,5805,5813,240219233235234-
640/8 9091,1211,423-24017--
9901 44,46345,62263,37142,24334,63926,36815,42554,665
75/76B ---1,0661,4991,8557490
75 ---1,0661,4991,8557490
65/66B 1151712241742041555557
65 1151712241742041555557
9903 44,34845,45163,14743,13535,93428,06815,44454,698
67/77 12,44816,00216,9249,2977,3315,8483,27715,966
9904 31,90029,44946,22333,83828,60322,22012,16738,732
9905 31,90029,44946,22333,83828,60322,22012,16738,732
Appropriation of the result
9906 58,34929,44946,22333,83828,60322,22012,16738,732
14P 26,449-------
791/2 --33,83828,60370,459---
691/2 ---33,83828,60322,22012,16737,932
6920 -------1,860
6921 ---33,83828,60322,22012,16736,072
694/7 58,3493,00080,06128,60370,459--800
694 58,3493,00080,06128,60370,459--800
Document PDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 5 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 2025 (PDF), filed on 12-03-2026.

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
31-12-2025 micro format 12-03-2026 2026-00055465 PDF
31-12-2024 micro format 25-08-2025 2025-00401152 PDF
31-12-2023 micro format 26-08-2024 2024-00368926 PDF
31-12-2022 micro format 29-11-2023 2023-00523486 PDF
31-12-2021 micro format 30-08-2022 2022-20382974 PDF
31-12-2020 micro format 30-07-2021 2021-43500299 PDF
31-12-2019 micro format 28-08-2020 2020-46600180 PDF
31-12-2018 micro format 30-08-2019 2019-57700399 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018
50,04351,20366,61142,46234,87226,60315,659-
37,48035,03049,46334,05728,83622,45512,401-
0014,4274,2660354702-
15,702-4,842-4751,801-13,85319,189-50,420-
-1,56719,3024,87249,89748,70992,01275,56754,308
4.9%58.7%34.0%79.5%86.9%82.7%77.4%65.1%
0.971.941.124.577.576.306.953.36
19.260.701.940.260.150.210.290.54
-100.5%225.9%62.3%58.3%24.4%17.7%77.0%
55.0%59.0%76.9%49.6%50.6%20.2%13.7%50.1%
over 100over 100over 100over 100over 100---

A ratio outside any meaningful range has been withheld (balance sheet total €57,952, equity €2,860).

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
Item20252024202320222021
Tangible fixed assets--€14,427€4,266-
€5,580€5,581€3,240€219€233

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on MATH TECH

The operating result for 2025 is 3% lower than in 2024 and the lowest since 2022. It is the second fall in a row.

Debt's share of the balance-sheet total rises from 41.3% to 95.1%. Equity is lower and debt is higher.

Next steps

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