Equity
Equity fell by 97% in 5 years.
Equity fell by 97% in 5 years.
The micro format states no turnover.
Short-term debts rose from €20,636 to €55,092.
The 2022 accounts came latest: 121 days after the end of the period.
Less equity than 89% of companies in head offices and management consultancy. Sector median €79,315 · 41,250 companies.
In July 2024, 2,153 companies had the same profile as MATH TECH has now. Each dot stands for 6 companies, two years later.
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.
| 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.
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.
| 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.
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.
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.
Higher than 13% of 41,211 companies in 2025.
Higher than 24% of 39,782 companies in 2025.
Higher than 89% of 40,303 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||
20/58 |
57,952 | 49,945 | 60,129 | 68,284 | 56,478 | 109,945 | 88,729 | 77,310 | |
21/28 |
4,427 | 10,007 | 15,588 | 4,401 | 354 | 587 | 468 | - | |
22/27 |
4,073 | 9,653 | 15,234 | 4,047 | - | 233 | 468 | - | |
23 |
- | - | - | - | - | 233 | 468 | - | |
24 |
4,073 | 9,653 | 15,234 | 4,047 | - | - | - | - | |
28 |
354 | 354 | 354 | 354 | 354 | 354 | - | - | |
29/58 |
53,525 | 39,938 | 44,541 | 63,883 | 56,124 | 109,358 | 88,261 | 77,310 | |
29 |
- | - | - | 30,000 | 30,000 | 53,000 | 53,000 | - | |
291 |
- | - | - | 30,000 | 30,000 | 53,000 | 53,000 | - | |
40/41 |
27,263 | 29,378 | 29,139 | 13,528 | 8,515 | 26,500 | 26,447 | 18,150 | |
40 |
27,263 | 29,378 | 29,139 | 13,307 | 7,387 | 22,113 | 21,054 | 18,150 | |
41 |
- | - | - | 221 | 1,128 | 4,387 | 5,393 | - | |
54/58 |
26,262 | 10,560 | 15,402 | 15,877 | 14,076 | 27,929 | 8,740 | 59,160 | |
490/1 |
- | - | - | 4,478 | 3,533 | 1,929 | 74 | - | |
| Balance sheet: equity and liabilities | |||||||||
10/49 |
57,952 | 49,945 | 60,129 | 68,284 | 56,478 | 109,945 | 88,729 | 77,310 | |
10/15 |
2,860 | 29,309 | 20,460 | 54,298 | 49,063 | 90,919 | 68,699 | 50,332 | |
10/11 |
1,000 | 1,000 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 12,400 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | - | 6,200 | |
13 |
1,860 | 1,860 | 1,860 | 35,698 | 30,463 | 72,319 | 50,099 | 37,932 | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | |
1311 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | |
133 |
- | - | - | 33,838 | 28,603 | 70,459 | 48,239 | 36,072 | |
14 |
- | 26,449 | - | - | - | - | - | - | |
17/49 |
55,092 | 20,636 | 39,669 | 13,986 | 7,415 | 19,026 | 20,030 | 26,978 | |
42/48 |
55,092 | 20,636 | 39,669 | 13,986 | 7,415 | 17,346 | 12,694 | 23,002 | |
44 |
942 | - | 1,903 | - | 195 | 484 | 38 | 562 | |
440/4 |
942 | - | 1,903 | - | 195 | 484 | 38 | 562 | |
45 |
13,830 | 20,380 | 28,313 | 13,924 | 7,197 | 16,302 | 11,856 | 21,640 | |
450/3 |
13,830 | 20,380 | 28,313 | 13,924 | 7,157 | 10,618 | 11,611 | 8,022 | |
454/9 |
- | - | - | - | 40 | 5,684 | 245 | 13,618 | |
47/48 |
40,320 | 256 | 9,453 | 62 | 23 | 560 | 800 | 800 | |
492/3 |
- | - | - | - | - | 1,680 | 7,336 | 3,976 | |
| Income statement | |||||||||
9900 |
50,952 | 52,324 | 68,034 | 42,462 | 35,112 | 26,620 | 15,659 | 54,665 | |
630 |
5,580 | 5,581 | 3,240 | 219 | 233 | 235 | 234 | - | |
640/8 |
909 | 1,121 | 1,423 | - | 240 | 17 | - | - | |
9901 |
44,463 | 45,622 | 63,371 | 42,243 | 34,639 | 26,368 | 15,425 | 54,665 | |
75/76B |
- | - | - | 1,066 | 1,499 | 1,855 | 74 | 90 | |
75 |
- | - | - | 1,066 | 1,499 | 1,855 | 74 | 90 | |
65/66B |
115 | 171 | 224 | 174 | 204 | 155 | 55 | 57 | |
65 |
115 | 171 | 224 | 174 | 204 | 155 | 55 | 57 | |
9903 |
44,348 | 45,451 | 63,147 | 43,135 | 35,934 | 28,068 | 15,444 | 54,698 | |
67/77 |
12,448 | 16,002 | 16,924 | 9,297 | 7,331 | 5,848 | 3,277 | 15,966 | |
9904 |
31,900 | 29,449 | 46,223 | 33,838 | 28,603 | 22,220 | 12,167 | 38,732 | |
9905 |
31,900 | 29,449 | 46,223 | 33,838 | 28,603 | 22,220 | 12,167 | 38,732 | |
| Appropriation of the result | |||||||||
9906 |
58,349 | 29,449 | 46,223 | 33,838 | 28,603 | 22,220 | 12,167 | 38,732 | |
14P |
26,449 | - | - | - | - | - | - | - | |
791/2 |
- | - | 33,838 | 28,603 | 70,459 | - | - | - | |
691/2 |
- | - | - | 33,838 | 28,603 | 22,220 | 12,167 | 37,932 | |
6920 |
- | - | - | - | - | - | - | 1,860 | |
6921 |
- | - | - | 33,838 | 28,603 | 22,220 | 12,167 | 36,072 | |
694/7 |
58,349 | 3,000 | 80,061 | 28,603 | 70,459 | - | - | 800 | |
694 |
58,349 | 3,000 | 80,061 | 28,603 | 70,459 | - | - | 800 | |
| Document | |||||||||
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.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 12-03-2026 | 2026-00055465 | |
| 31-12-2024 | micro format | 25-08-2025 | 2025-00401152 | |
| 31-12-2023 | micro format | 26-08-2024 | 2024-00368926 | |
| 31-12-2022 | micro format | 29-11-2023 | 2023-00523486 | |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20382974 | |
| 31-12-2020 | micro format | 30-07-2021 | 2021-43500299 | |
| 31-12-2019 | micro format | 28-08-2020 | 2020-46600180 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-57700399 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| 50,043 | 51,203 | 66,611 | 42,462 | 34,872 | 26,603 | 15,659 | - | ||
| 37,480 | 35,030 | 49,463 | 34,057 | 28,836 | 22,455 | 12,401 | - | ||
| 0 | 0 | 14,427 | 4,266 | 0 | 354 | 702 | - | ||
| 15,702 | -4,842 | -475 | 1,801 | -13,853 | 19,189 | -50,420 | - | ||
| -1,567 | 19,302 | 4,872 | 49,897 | 48,709 | 92,012 | 75,567 | 54,308 | ||
| 4.9% | 58.7% | 34.0% | 79.5% | 86.9% | 82.7% | 77.4% | 65.1% | ||
| 0.97 | 1.94 | 1.12 | 4.57 | 7.57 | 6.30 | 6.95 | 3.36 | ||
| 19.26 | 0.70 | 1.94 | 0.26 | 0.15 | 0.21 | 0.29 | 0.54 | ||
| - | 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 100 | over 100 | over 100 | over 100 | over 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.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| 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)
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.
MATH TECH has no parent and no holdings in its annual accounts. is the only director.
via , no longer at · Manager (not named in the articles) · deed of 09-08-2016 founded in 2016 |
33 FTE (2025) |
The connected companies are in the list below.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Herrmann-Debrouxlaan 40-42 registered office 1160 Auderghem | ||
| Louizalaan 367 1050 Ixelles | 26-10-2017 | 2.269.494.647 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21332B0424/00D008 | 5,192 m² | 1 · 2,419 m² | 27.6 m · 7 |
| 21807G0211/00W012 | 266 m² | 1 · 265 m² | 34.0 m · 5 |
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