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MATH TECH

Active Private limited companyfounded 2017active for 9 yearsHerrmann-Debrouxlaan 40-42, 1160 AuderghemKBO/BCE: BE 0683.737.756

Overview

Lifetime

8 annual accounts with figures on one time axis
peak €68,034 (2023)
€50,952▼ 2.6%
peak €46,223 (2023)
€31,900▲ 8.3%
peak €90,919 (2020)
€2,860▼ 90.2%
€55,092▲ 167%
Board1 name since 2017
1 director
Documentsfilings and deeds
12-03-2026141 days before the deadline
2025micro format
Dividend €58,349Equity from €29,309 to €2,860Debts from €20,636 to €55,092Cash from €10,560 to €26,262

Key points

from the 2025 annual accounts

Equity

€2,860 from €90,919 in 2020

Equity fell by 97% in 5 years.

Turnover

≈ €100,000 estimated

The micro format states no turnover.

Debts

€55,092 95% of the balance sheet
Suppliers 2%Taxes and wages 25%Other 73%

Liquidity

0.97 was 1.94 in 2024

Short-term debts rose from €20,636 to €55,092.

Filings

8 annual accounts 6 late
AprilJune31 JulyOctober20202025

The 2022 accounts came latest: 121 days after the end of the period.

Position in the sector

€2,860

Less equity than 89% of companies in head offices and management consultancy. Sector median €79,315 · 41,250 companies.

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 2,153 companies had the same profile as MATH TECH has now. Each dot stands for 6 companies, two years later.

96.0%
were still trading
2.2%
stopped another way
1.7%
went bankrupt
  • Micro
  • 5 to 10 years old
  • solvency under 10%
  • a profit of 5% of the balance sheet or more
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 2,153 companies, not a prediction for MATH TECH. 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 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

Manager
  • 100 sharesdeed of 30-10-2017
Board & ownership

Recent changes

Registered-office move Board meeting of 28-06-2026 · Gazette deed
Registered in the Peppol Directory Reachable for e-invoices through 0208:0683737756
Registered office moved from Etterbeek to Auderghem New registered office: Avenue Herrmann Debroux, 40-42 - à 1160 Auderghem · Previous registered office: Rue des Pères Blancs 4, 1040 Etterbeek · General meeting of 22-02-2024 · Gazette deed
Amendment of the articles · Legal-form change · Resignations & appointments Gazette deed
All 18 events

Comparable companies

same main activity, similar in size and age
Company
MATH TECH Auderghem €57,952 €50,952 4.9% -
FinTax Expert Brussels €57,048 €56,317 61.5% -
CARROLL ADVISORY Uccle €56,044 €44,854 36.5% -
MADSEA Ixelles €58,740 €58,813 32.9% -
BIZ CONSULTING & CO Watermael-Boitsfort €64,320 €56,252 -29.0% -
GCLF Uccle €52,039 €44,793 95.2% -
Gresentis Sint-Gillis (bij-Brussel) €69,155 €57,433 35.5% -

These companies have the same main activity as MATH TECH: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €52,000 and €69,200, founded in 2017.

Official details

Source: KBO
Status
Active since 26-10-2017Normal situation
Registered office
127 active companies are registered at this address13 started in the 12 months before. Source: KBO register, as of 12 November 2026.
Activity
Business and other management consultancyNACE 70200and 4 others
Establishment unit
2.269.494.6471050 Ixelles, since 26-10-2017
Financial year end
31 December
Peppol
Reachable since 29-04-2026
Company details

Annual accounts 2025

€50,952▼ 2.6%
€31,900▲ 8.3%
€2,860▼ 90.2%
€57,952▲ 16.0%
Filing
Filed on 12-03-2026, 141 days before the end of the filing period
Financials

Insights on MATH TECH

MATH TECH files the micro format. That format states no turnover. The gross margin fell from €54,665 in 2018 to €50,952 in 2025.

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

Financials

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

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.

Board & ownership

Board

1 director, since incorporation
Manager (not named in the articles)
current term since 21-12-2023
listed in the 2025 annual accounts, filed on 12-03-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“Article 11. Pouvoirs de l’organe d’administration S’il n’y a qu’un seul administrateur, la totalité des pouvoirs d’administration lui est…”
deed of 28-02-2024

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today

Manager (not named in the articles)
Board
Mandates as a list
    • Manager (not named in the articles), appointed by deed of 30-10-2017, still in office

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

Control

Founder
This company
MATH TECH
Equity €2,860
Profit €31,900 in 2025

Capital

Contribution
€1,000
Shares
100
Contribution per share
€10
Equity per share
€28.60 in 2025
Source
2025 annual accounts

Articles of association

DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 28-02-2024 (in French)
Board ruleThese rules set how the board is made up, meets and takes decisions.
“Mandat d'administrateur exercé gratuitement ou non, fixe ou proportionnelle”
deed of 28-02-2024 (in French)
Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
“Moitié à charge cédant et moitié à charge acquéreurs proportionnellement au nombre d'actions acquises, tous cas de cessions entre vifs à…”
deed of 28-02-2024 (in French)
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
“8. ASSEMBLEE GENERALE - DROIT DE VOTE : Il est tenu chaque année, au siège social, une assemblée ordinaire, le premier juin à dix-neuf…”
deed of 30-10-2017 (in French)

Shareholders

At incorporation deed of 30-10-2017 ↗
  • 100 shares (100%) · €18,600 in cash

Capital transactions

Capital over time
  1. 28-02-2024 Converted to unavailable equity
  2. 30-10-2017 Incorporation · €18,600 · 100 shares

Network & group

No group

MATH TECH has no parent and no holdings in its annual accounts. is the only director.

Earlier ties

via , no longer at · Manager (not named in the articles) · deed of 09-08-2016
founded in 2016
33 FTE (2025)

Board mandates elsewhere

1 board mandate
Board mandates of MATH TECHMATH TECH sits on their board1
Director
Founded in 2017 · 19 FTE (2025)

Connections & network

1 connected company
Depth

The connected companies are in the list below.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
via · Director · deed of 01-02-2019
Founded in 2015

Timeline

Timeline

18 events since 2017

Deadline for the 2026 accounts: 31-07-2027

2026
Registered-office moveBoard meeting of 28-06-20262 points ▸
  • Board meeting, 28-06-2026
  • Registered-office move, avenue Louise 367

Open the deed in the Belgian Official Gazette

Registered in the Peppol Directory Reachable for e-invoices through 0208:0683737756
Annual accounts 2025 filed PDFmicro format · 141 days before the deadline
2025
Annual accounts 2024 filed PDFmicro format · 25 days late
2024
Annual accounts 2023 filed PDFmicro format · 26 days late
Registered office moved from Etterbeek to AuderghemNew registered office: Avenue Herrmann Debroux, 40-42 - à 1160 Auderghem · Previous registered office: Rue des Pères Blancs 4, 1040 Etterbeek · General meeting of 22-02-20242 points ▸
  • General meeting, 22-02-2024
  • Registered-office move, Avenue Herrmann Debroux, 40-42 - à 1160 Auderghem

Open the deed in the Belgian Official Gazette

Amendment of the articles · Legal-form change · Resignations & appointments PDF
2023
Highest result from 2018 to 2025 net €46,223 ▲36.6% The operating result of €63,371 and the net result of €46,223 are both a record.
Annual accounts 2022 filed PDFmicro format · 121 days late
2022
Annual accounts 2021 filed PDFmicro format · 30 days late
2021
Annual accounts 2020 filed PDFmicro format · 1 day before the deadline
Registered office moved from Woluwe-Saint-Lambert to EtterbeekNew registered office: Rue des Pères Blancs 4 à 1040 Etterbeek · Previous registered office: Chaussée de Louvain 1218 Boîte 24-1200 Woluwe-Saint-Lambert · Board meeting of 10-10-20202 points ▸
  • Board meeting, 10-10-2020
  • Registered-office move, Rue des Pères Blancs 4 à 1040 Etterbeek

Open the deed in the Belgian Official Gazette

2020
Annual accounts 2019 filed PDFmicro format · 28 days late
2019
Weakest financial year net €12,167 ▼68.6% The net result drops to €12,167, the lowest from 2018 to 2025. It recovers the following year.
Liquidity more than doubled current ratio 6.95 The current ratio rises from 3.36 to 6.95. Short-term debt falls from €23,002 to €12,694.
Annual accounts 2018 filed PDFmicro format · 30 days late
2017
IncorporationFounding capital of €18,600, 100 shares · Founder: (comparant) · Appointment: (manager) · published on 30-10-20173 points ▸
  • Founder, (comparant)
  • Founding capital, €18,600, 100 shares
  • Director appointment, (manager (not named in the articles))
  • The deed holds 3 more points.

Open the deed in the Belgian Official Gazette

First establishment Louizalaan 367, Ixelles

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

On 26 October 2017, MATH TECH was incorporated by one natural person, with a starting capital of €18,600.12 The registered office moved to Etterbeek in 2021 and to Auderghem in 2024.34 has served as manager since 2023.5 Total assets went from €77,310 in 2018 to €57,952 in 2025.6

  1. 1KBO register
  2. 2Belgian Official Gazette, 30-10-2017
  3. 3Belgian Official Gazette, 12-04-2021
  4. 4Belgian Official Gazette, 06-03-2024
  5. 5National Bank, annual accounts 2025
  6. 6National Bank, annual accounts 2018 and 2025

Company details

Identity

Enterprise number
0683.737.756
VAT number
BE 0683.737.756
Peppol ID
0208:0683737756
Other Peppol ID
9925:BE0683737756
Legal form
Private limited company
Status
Active, normal situation
Founded
26-10-2017
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
“8. ASSEMBLEE GENERALE - DROIT DE VOTE : Il est tenu chaque année, au siège social, une assemblée ordinaire, le premier juin à dix-neuf…”
deed of 30-10-2017 (in French)
Peppol
Reachable since 29-04-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
MATH TECH in French
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 28-02-2024 (in French)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Région de Bruxelles-Capitale”
deed of 28-02-2024 (in French)

Activities

NACEBEL 2025
Codes under NACEBEL 2008
70220 Business consulting main activity
62020 IT consultancy
68100 Real estate activities
70100 Activities of head offices
82990 Other business support services
PurposeThe purpose describes the activities the company may carry out under its articles.
“Tout acte d’administration,de gestion et de services de consultance,directement ou indirectement,dans tous secteurs et dans divers…”
7 activities
  1. Tout acte d’administration,de gestion et de services de consultance,directement ou indirectement,dans tous secteurs et dans divers domaines,en ce compris mais sans limitation,la fourniture de conseils aux entreprises et aux particuliers dans le domaine de la gestion,de l'organisation et du développement des entreprises;l'examen approfondi des structures d’entreprises ainsi que l'organisation des études de marché et d’entreprises dans divers domaines;l’exercice de toutes activités liées à ce qui précède,en ce compris dans les domaines de la formation,de la recherche,des séminaires et des publications
  2. Toutes opérations se rapportant directement ou indirectement au management en général,et plus précisément,sans que cette énumération ne soit limitative:la création de sociétés holding ou d'exploitation,toutes activités d'études et de conseils,toutes prestations de services,tous travaux d'administration,de gestion,de gestion du changement et de coaching d’équipes tant auprès des entreprises que des particuliers
  3. Exercer tous les mandats et fonctions qui sont autorisés dans d'autres sociétés,associations ou organisations belges ou étrangères,y compris en tant qu’administrateur,administrateur-délégué,gérant,directeur,liquidateur ou autre
  4. L'acquisition de toutes participations et intérêts,sous quelque forme que ce soit,au moyen de contributions en espèces ou en nature,de fusion,de souscription,de participation,d’intervention financière,d’achat,d’échange ou de toute autre manière,dans d'autres sociétés,des associations ou organisations existantes ou à créer,belges ou étrangères,quel que soit le secteur dans lequel elles opèrent
  5. La constitution et l’expansion judicieuse et la gestion d'un patrimoine immobilier;la société peut faire toutes les transactions relatives aux biens immobiliers et droits réels immobiliers tels que le droit emphytéotique et le droit de superficie ainsi que le droit de propriété et la location-financement de biens immobiliers à un tiers,l'achat et la vente tant en pleine propriété que l'usufruit et/ou la nue-propriété,l'échange,la construction,la rénovation,l’entretien,la location,la prise en location,le lotissement,la prospection et l'exploitation de biens immobiliers,l'achat et la vente et la location de biens mobiliers liées à l'organisation et à l'équipement de biens immobiliers,ainsi que tous les actes qui,directement ou indirectement,réalisent cet objectif et qui peuvent améliorer le rendement des biens mobiliers et immobiliers
  6. La société peut mettre gratuitement des biens immobiliers à disposition de ses gérants et leur famille en tant que rémunération des prestations fournies à la société
  7. La constitution et l’expansion judicieuse et la gestion d'un patrimoine mobilier;toutes transactions en lien avec les droits et biens mobiliers,de quelque nature que ce soit,tels que l’acquisition par souscription ou par achat et la gestion des actions,obligations ou toutes autres valeurs mobilières,quelle que soit leur forme,de toute autre personnes morales ou entreprises existantes ou à créer,belges ou étrangères
deed of 28-02-2024 (in French)

Registered office and establishments

1 establishment
Establishment Since Unit number
Herrmann-Debrouxlaan 40-42 registered office 1160 Auderghem
Louizalaan 367 1050 Ixelles 26-10-2017 2.269.494.647
2 former offices
  • Rue des Pères Blancs 4, 1040 Etterbeek until 22-02-2024 · deed of 06-03-2024
  • Chaussée de Louvain 1218 Boîte 24, 1200 Woluwe-Saint-Lambert until 01-11-2020 · deed of 12-04-2021

Buildings and parcels at the addresses

Ground area
5,458 m²
Buildings
2,684 m²
Volume, LiDAR
45,676 m³
Tallest building
34.0 m
Buildings to scale, each on its own parcel
2,419 m², 27.6 m 265 m², 34.0 m 2,419 m², 27.6 m 265 m², 34.0 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
21332B0424/00D0085,192 m² 1 · 2,419 m² 27.6 m · 7
21807G0211/00W012266 m² 1 · 265 m² 34.0 m · 5