Losses
-€33,358 in three years
Every financial year from 2023 to 2025 closed with a loss. 2025 was the heaviest.
MATHAR
Lifetime
13 annual accounts with figures on one time axispeak €120,266 (2014)
€49,394▼ 30.9%
lowest -€43,180 (2018)
-€30,273▼ €27,544
peak €118,269 (2022)
€84,912▼ 26.3%
€57,974▼ 11.8%
peak 3 FTE (2014)
-not published
Board1 name since 2013
1 director
Documentsfilings and deeds
27-08-202627 days late
2025micro format
Gross margin from €71,447 to €49,394Loss of €30,273Equity from €115,185 to €84,912Cash from €12,100 to €4,293
Key points
from the 2025 annual accountsStaff
1 employees on 31-12-2025
In 2025, 7 people joined and 8 left.
Position in the sector
-€30,273
Lower net result than 95% of companies in specialised construction. Sector median €9,999 · 37,159 companies.
2025 accounts filed 27 days after the deadline
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 4,805 companies had the same profile as MATHAR has now. Each dot stands for 13 companies, two years later.
88.1%
were still trading
9.8%
stopped another way
2.0%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
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.
| 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 4,805 companies, not a prediction for MATHAR. 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 verdict
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
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0536976459
Reappointment: (director)
Resignation: (manager) · Director discharge: (manager) · General meeting of 24-11-2023 · Gazette deed
Incorporation
published on 30-07-2013 · Gazette deed
First establishment
MATHAR SPRL, Rue des Résistants 16, Mont-de-l'Enclus
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MATHAR Mont-de-l'Enclus | €142,886 | €49,394 | 59.4% | - |
| MILRIC Etterbeek | €145,177 | €51,490 | 42.1% | - |
| PARISCO Zottegem | €153,411 | €49,178 | 82.8% | - |
| OCTOPUS - VERHASSELT Antwerp | €138,809 | €55,438 | -15.4% | - |
| Houtbox Hamme (Vl.) | €163,359 | €45,452 | 77.1% | - |
| VLT Group Sint-Gillis-Waas | €150,984 | €56,276 | 64.8% | 0.6 |
| TIMMERWERKEN DECLERCQ WIM Roeselare | €163,591 | €45,807 | 51.4% | - |
These companies have the same main activity as MATHAR: joinery installation (NACE 43320). They are comparable in size and age: total assets between €139,000 and €164,000, founded between 2011 and 2014.
Official details
Source: KBO- Status
- Active since 26-07-2013Normal situation
- Activity
- Joinery installationNACE 43320and 1 other
- Joint committee
- 111Metal, mechanical and electrical engineering · annual accounts 2025
- Establishment unit
- 2.221.976.3277750 Mont-de-l'Enclus, since 26-07-2013
- Financial year end
- 31 December
- Peppol
- Reachable since 15-10-2025
Annual accounts 2025
- ≈ €300,000estimated
- €142,886▼ 21.0%
- Employeeson 31-12-2025
- 1
- Filing
- Filed on 27-08-2026
Insights on MATHAR
MATHAR files the micro format. That format states no turnover. The gross margin fell from €116,378 in 2013 to €49,394 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MATHAR
- What is the company number of MATHAR?
- The company number of MATHAR is 0536.976.459. The VAT number is the same number with BE in front: BE 0536.976.459.
- Where is MATHAR based?
- The registered office is at Rue des Résistants 16, 7750 Mont-de-l'Enclus.Company details
- What does MATHAR do?
- According to the KBO register, the main activity is joinery installation (NACE 43320).
- What is the legal form of MATHAR?
- MATHAR is a private limited company (BV).
- When was MATHAR founded?
- MATHAR was founded on 26-07-2013.
- Is MATHAR still active?
- Yes, MATHAR is an active enterprise in the KBO register.
- How many employees does MATHAR have?
- MATHAR had an average of 1.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does MATHAR fall under?
- In its 2025 annual accounts, MATHAR states joint committee 111 (Metal, mechanical and electrical engineering).
- What is the turnover of MATHAR?
- The turnover in financial year 2025 is ≈ €300,000. This figure is estimated from the gross margin of €49,394 and 32 comparable companies (NACE 43320). It probably lies between €220,000 and €510,000.
- Is MATHAR profitable?
- In financial year 2025, MATHAR made a loss of €30,273.
- Where can I find the annual accounts of MATHAR?
- MATHAR filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MATHAR due?
- MATHAR must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
See how customers, suppliers and banks see your own company and what to improve first.