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MATHAR

Active
Private limited companyfounded 2013active for 13 yearsRue des Résistants(O) 16, 7750 Mont-de-l'Enclus, BelgiumKBO/BCE: BE 0536.976.459
Summary

The computed 12-month bankruptcy probability of MATHAR is 2.2% (moderate). The 2025 annual accounts show equity of €84,912 and a net result of -€30,273. Equity is growing by about 11% per year across the filed financial years. Its solvency ranks better than 64% of 34,718 sector peers (NACE 43, financial year 2025). The company has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Joinery installation
NACE 43320Manufacture of fabricated metal products, except machinery and equipment NACE 25120
1 site
Size
€142,886total assets 2025
Staff
1.3 FTE
Equity
€84,912
Loss
-€30,273
Turnover not published (micro format)
Financial health
52 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
2.2%
Structure
2025 accounts filed 27 days late1 of 2 deeds summarised
Why 52raises riskLast filed accounts filed 27 days late; 2 of the last 3 lateLoss of €30,273, the second in a row (financial year 2025)Liquidity: current ratio 2.31, cash €4,293, halvedSector: Specialised construction activities (NACE 43)Show the evidence

Checked score

Score 2025
52 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 29% of its sector peers (NACE 43, micro)
Financial strength · tick = 2024
Weak
Solvency 84-5
equity 59.4% of total assets
Liquidity 42-7
short-term debt 29.2% · cash 3.0%
Profitability 0-67
return on assets -21.2%
Bankruptcy probability, 12 months
2.2% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,639 companies, NACE 43, micro)
Last 24 months 11-2024: 0.7% 12-2024: 0.7%● unchanged vs 11-2024 01-2025: 0.7%● unchanged vs 12-2024 02-2025: 0.7%● unchanged vs 01-2025 03-2025: 0.7%● unchanged vs 02-2025 04-2025: 0.7%● unchanged vs 03-2025 05-2025: 0.6%▼ -0.1 percentage points vs 04-2025 06-2025: 0.6%● unchanged vs 05-2025lowest value 07-2025: 0.7%▲ +0.1 percentage points vs 06-2025 08-2025: 0.8%▲ +0.1 percentage points vs 07-2025 09-2025: 0.9%▲ +0.1 percentage points vs 08-2025 10-2025: 1.1%▲ +0.2 percentage points vs 09-2025 11-2025: 1.1%● unchanged vs 10-2025 12-2025: 1.1%● unchanged vs 11-2025 01-2026: 1.1%● unchanged vs 12-2025 02-2026: 1.1%● unchanged vs 01-2026 03-2026: 1.1%● unchanged vs 02-2026 04-2026: 1.1%● unchanged vs 03-2026 05-2026: 1.1%● unchanged vs 04-2026 06-2026: 1.1%● unchanged vs 05-2026 07-2026: 1.1%● unchanged vs 06-2026 08-2026: 1.6%▲ +0.5 percentage points vs 07-2026 09-2026: 2.2%▲ +0.6 percentage points vs 08-2026highest value 10-2026: 2.2%● unchanged vs 09-2026highest value
Credit of up to €4,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.31, compared with 2.62 in 2024, above the usual 1.5; short-term debt: 29.2% and cash: 3% of total assets), and 40.6% 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 43, micro): better than 65% on solvency, 31% on liquidity, 4% on profitability and 15% on growth.

The bankruptcy probability was computed on 25-10-2026 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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Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Six signals.
raises risk
raises risk · Last filed accounts filed 27 days late; 2 of the last 3 late
NBB · filings
raises risk · Loss of €30,273, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Liquidity: current ratio 2.31, cash €4,293, halved
NBB · annual accounts
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€30,273
raises risk · 2025 accounts filed 27 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
27 days late
2024
56 days late
2023
42 days late
2022
31 days late
2021
31 days late
2020
124 days late
2019
96 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 58 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
26-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Annual accounts filedfinancial year 2024 · micro…
  3. Annual accounts filedfinancial year 2023 · micro…

Financials · financial year 2025, micro format

2025 annual accounts filed late (27 days) Filed on 27 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00456404.

Equity
€84,912▼ 26.3%
2024 · €115,185
Total assets
€142,886▼ 21.0%
2024 · €180,923
Net result
-€30,273▼ 1,009%
2024 · -€2,729
Working capital
€54,652▼ 23.4%
2024 · €71,367
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result stays negative: a loss of €28,653 in 2025 against €42 in 2024; the loss grows and 2025 has the lowest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€28,653 2025 Net result-€30,273 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result-€41,097-€37,325€31,135▼ 16.6%€24,957▼ 19.8%€32,687▲ 31.0%€55▼ 99.8%-€42-€28,653▼ 68,777%
Net result-€43,180-€33,967€26,034above the sector's middle half▼ 23.4%€18,026within the sector's middle half▼ 30.8%€24,442within the sector's middle half▲ 35.6%-€355below the sector's middle half-€2,729below the sector's middle half▼ 669%-€30,273below the sector's middle half▼ 1,009%
Equity€25,801-€59,768▲ 132%€85,802within the sector's middle half▲ 43.6%€103,828within the sector's middle half▲ 21.0%€118,269within the sector's middle half▲ 13.9%€117,914within the sector's middle half▼ 0.3%€115,185within the sector's middle half▼ 2.3%€84,912within the sector's middle half▼ 26.3%
Total assets€114,048-€116,515▲ 2.2%€147,961within the sector's middle half▲ 27.0%€166,400within the sector's middle half▲ 12.5%€181,802within the sector's middle half▲ 9.3%€145,643within the sector's middle half▼ 19.9%€180,923within the sector's middle half▲ 24.2%€142,886within the sector's middle half▼ 21.0%
Debt€88,247-€56,747▼ 35.7%€62,159▲ 9.5%€62,573▲ 0.7%€63,533▲ 1.5%€27,728▼ 56.4%€65,738▲ 137%€57,974▼ 11.8%
Working capital€2,992-€39,368▲ 13×€57,418within the sector's middle half▲ 45.8%€71,655within the sector's middle half▲ 24.8%€87,178within the sector's middle half▲ 21.7%€90,269above the sector's middle half▲ 3.5%€71,367within the sector's middle half▼ 20.9%€54,652within the sector's middle half▼ 23.4%
Solvency22.6%-51.3%▲ 28.7pp58.0%within the sector's middle half▲ 6.7pp62.4%within the sector's middle half▲ 4.4pp65.1%within the sector's middle half▲ 2.7pp81.0%above the sector's middle half▲ 15.9pp63.7%within the sector's middle half▼ 17.3pp59.4%within the sector's middle half▼ 4.2pp
Current ratio1.06-2.26▲ 1.202.20within the sector's middle half▼ 0.062.50within the sector's middle half▲ 0.302.43within the sector's middle half▼ 0.074.43above the sector's middle half▲ 2.002.62within the sector's middle half▼ 1.812.31within the sector's middle half▼ 0.31
Return on assets (ROA)-37.9%-29.2%▲ 67.0pp17.6%above the sector's middle half▼ 11.6pp10.8%within the sector's middle half▼ 6.8pp13.4%within the sector's middle half▲ 2.6pp-0.2%below the sector's middle half▼ 13.7pp-1.5%below the sector's middle half▼ 1.3pp-21.2%below the sector's middle half▼ 19.7pp
Staff (FTE)1-1=1within the sector's middle half=1=1.4▲ 40.0%1.5▲ 7.1%1.5=1.3▼ 13.3%
above within below the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €142,257
Fixed assets €45,910 ▼ 28.9%
Current assets €96,348 ▼ 16.6%
Equity and liabilities €142,886
Equity €84,912 ▼ 26.3%
Debt €57,974 ▼ 11.8%
Debt's share of the balance-sheet total rises from 36.3% to 40.6%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€9,787▼
2024 · €18,324
Cash flow
-€11,408▼
2024 · €15,637
Quick ratio
0.76▼
2024 · 1.18
Debt to equity
0.68▲
2024 · 0.57
ROE
-35.7%▼
2024 · -2.4%
Interest coverage
-5.50▼
2024 · 6.62
Debt ≤ 1 year
€41,695▼
2024 · €44,152
Debt > 1 year
€14,700▼
2024 · €21,349
Income taxes
€161▼
2024 · €171
Staff costs
€57,368▲
2024 · €51,446
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 4,805 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 88.2% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
2.0% went bankrupt
9.8% stopped otherwise
88.2% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.2% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to 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 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 4,805 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet Code20242025
Assets
Total assets20/58€180,923€142,886▼
Formation expenses20€846€629▼
Fixed assets21/28€64,558€45,910▼
Tangible fixed assets22/27€64,558€45,910▼
Plant, machinery and equipment23€7,606€3,235▼
Furniture and vehicles24€42,731€32,264▼
Other tangible fixed assets26€14,221€10,411▼
Current assets29/58€115,519€96,348▼
Stocks and contracts in progress3€63,515€64,625▲
Stocks30/36€63,515€64,625▲
Amounts receivable within one year40/41€36,977€23,670▼
Trade receivables40€22,959€11,083▼
Other amounts receivable41€14,017€12,587▼
Cash at bank and in hand54/58€12,100€4,293▼
Deferred charges and accrued income490/1€2,927€3,759▲
Equity and liabilities
Total equity and liabilities10/49€180,923€142,886▼
Equity10/15€115,185€84,912▼
Contributions10/11€50,000€50,000=
Reserves13€3,700€3,700=
Distributable reserves133€3,700€3,700=
Profit (loss) carried forward14€61,485€31,212▼
Amounts payable17/49€65,738€57,974▼
Amounts payable after more than one year17€21,349€14,700▼
Financial debts170/4€21,349€14,700▼
Amounts payable within one year42/48€44,152€41,695▼
Current portion of amounts payable after more than one year42€6,398€6,649▲
Financial debts43-€120
Credit institutions430/8-€120
Trade debts44€24,932€22,934▼
Suppliers440/4€24,932€22,934▼
Taxes, remuneration and social security45€12,822€11,992▼
Taxes450/3€3,387€2,477▼
Remuneration and social security454/9€9,435€9,515▲
Accrued charges and deferred income492/3€237€1,579▲
Income statement Code20242025
Non-recurring operating income76A€15,300-
Remuneration, social security and pensions62€51,446€57,368▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18,366€18,866▲
Other operating charges640/8€1,677€1,814▲
Gross operating margin9900€71,447€49,394▼
Operating profit (loss)9901-€42-€28,653▼
Financial income75/76B€253€319▲
Recurring financial income75€253€319▲
Financial charges65/66B€2,769€1,779▼
Recurring financial charges65€2,769€1,779▼
Profit (loss) for the period before taxes9903-€2,558-€30,113▼
Income taxes67/77€171€161▼
Profit (loss) for the period9904-€2,729-€30,273▼
Profit (loss) for the period to be appropriated9905-€2,729-€30,273▼
Appropriation of the result
Profit (loss) to be appropriated9906€61,485€31,212▼
Profit (loss) brought forward from the previous period14P€64,214€61,485▼

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Non-recurring operating income76A------€15,300--
Remuneration, social security and pensions62---€40,089€45,027€48,506€51,446€57,368▲ 11.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19,263€16,467€17,822€18,528€13,854€8,077€18,366€18,866▲ 2.7%
Other operating charges640/8---€1,259€1,493€6,529€1,677€1,814▲ 8.1%
Non-recurring operating charges66A---€136-----
Gross operating margin9900€17,567€91,022€86,033€84,970€93,060€63,168€71,447€49,394▼ 30.9%
Operating profit (loss)9901-€41,097€37,325€31,135€24,957€32,687€55-€42-€28,653▼ 68,777%
Financial income75/76B---€24€62€487€253€319▲ 26.2%
Recurring financial income75€0€6€438€24€62€487€253€319▲ 26.2%
Financial charges65/66B---€998€1,280€681€2,769€1,779▼ 35.8%
Recurring financial charges65€1,832€3,136€1,233€998€1,280€681€2,769€1,779▼ 35.8%
Profit (loss) for the period before taxes9903-€42,928€34,196€30,340€23,983€31,468-€138-€2,558-€30,113▼ 1,077%
Income taxes67/77€252€229€4,305€5,957€7,027€217€171€161▼ 6.3%
Profit (loss) for the period9904-€43,180€33,967€26,034€18,026€24,442-€355-€2,729-€30,273▼ 1,009%
Profit (loss) for the period to be appropriated9905-€43,180€33,967€26,034€18,026€24,442-€355-€2,729-€30,273▼ 1,009%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€114,048€116,515€147,961€166,400€181,802€145,643€180,923€142,886▼ 21.0%
Formation expenses20-----€1,063€846€629▼ 25.7%
Fixed assets21/28€59,071€45,802€42,591€46,882€33,451€27,971€64,558€45,910▼ 28.9%
Intangible fixed assets21€0--------
Tangible fixed assets22/27€58,921€45,652€42,591€46,882€33,451€27,971€64,558€45,910▼ 28.9%
Plant, machinery and equipment23---€17,248€13,351€10,996€7,606€3,235▼ 57.5%
Furniture and vehicles24---€5,825€0-€42,731€32,264▼ 24.5%
Other tangible fixed assets26---€23,810€20,100€16,975€14,221€10,411▼ 26.8%
Financial fixed assets28€150€150€0------
Current assets29/58€54,977€70,713€105,371€119,518€148,352€116,609€115,519€96,348▼ 16.6%
Stocks and contracts in progress3€22,632€32,262€37,006€71,960€70,135€66,050€63,515€64,625▲ 1.7%
Stocks30/36---€71,960€70,135€66,050€63,515€64,625▲ 1.7%
Amounts receivable within one year40/41€28,594€25,190€47,897€24,445€33,643€26,387€36,977€23,670▼ 36.0%
Trade receivables40---€18,501€31,450€19,171€22,959€11,083▼ 51.7%
Other amounts receivable41---€5,944€2,193€7,216€14,017€12,587▼ 10.2%
Cash at bank and in hand54/58€1,505€10,979€18,194€22,012€43,419€21,769€12,100€4,293▼ 64.5%
Deferred charges and accrued income490/1---€1,101€1,155€2,403€2,927€3,759▲ 28.4%
Equity and liabilities
Total equity and liabilities10/49€114,048€116,515€147,961€166,400€181,802€145,643€180,923€142,886▼ 21.0%
Equity10/15€25,801€59,768€85,802€103,828€118,269€117,914€115,185€84,912▼ 26.3%
Contributions10/11€50,000€50,000-€50,000€50,000€50,000€50,000€50,000=
Reserves13€3,700€3,700€3,700€3,700€3,700€3,700€3,700€3,700=
Non-distributable reserves130/1---€3,700€3,700----
Reserves not available under the articles1311---€3,700€3,700----
Distributable reserves133-----€3,700€3,700€3,700=
Profit (loss) carried forward14-€27,899€6,068€32,102€50,128€64,569€64,214€61,485€31,212▼ 49.2%
Amounts payable17/49€88,247€56,747€62,159€62,573€63,533€27,728€65,738€57,974▼ 11.8%
Amounts payable after more than one year17€31,882€21,268€10,522€8,982€2,160-€21,349€14,700▼ 31.1%
Financial debts170/4---€8,982€2,160-€21,349€14,700▼ 31.1%
Amounts payable within one year42/48€51,984€31,345€47,953€47,863€61,173€26,340€44,152€41,695▼ 5.6%
Current portion of amounts payable after more than one year42---€12,159€6,829€2,160€6,398€6,649▲ 3.9%
Financial debts43-------€120-
Credit institutions430/8-------€120-
Trade debts44€16,048€12,156€29,147€15,503€27,566€10,810€24,932€22,934▼ 8.0%
Suppliers440/4---€15,503€27,566€10,810€24,932€22,934▼ 8.0%
Taxes, remuneration and social security45---€20,201€16,778€10,075€12,822€11,992▼ 6.5%
Taxes450/3---€11,839€8,442€2,568€3,387€2,477▼ 26.9%
Remuneration and social security454/9---€8,362€8,336€7,507€9,435€9,515▲ 0.9%
Other amounts payable47/48----€10,000€3,294---
Accrued charges and deferred income492/3---€5,728€199€1,389€237€1,579▲ 567%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904-€43,180€33,967€26,034€18,026€24,442-€355-€2,729-€30,273▼ 1,009%
+ Depreciation and write-downs630€19,263€16,467€17,822€18,528€13,854€8,077€18,366€18,866▲ 2.7%
Operating cash flow (approximation)-€23,918€50,434€43,856€36,554€38,296€7,722€15,637-€11,408-
Investment in fixed assets (approximation)--€3,198-€14,611-€22,820-€422-€2,597-€54,953-€217▲ 99.6%
Change in cash-€9,474€7,215€3,817€21,407-€21,650-€9,669-€7,807▲ 19.3%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 13 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 micro format 27-08-2026 2026-00456404
31-12-2024 micro format 25-09-2025 2025-00509184
31-12-2023 micro format 11-09-2024 2024-00459006
31-12-2022 micro format 31-08-2023 2023-00438857
31-12-2021 micro format 31-08-2022 2022-20422782
31-12-2020 micro format 02-12-2021 2021-79400039
31-12-2019 micro format 04-11-2020 2020-69700007
31-12-2018 micro format 30-10-2019 2019-72300357
31-12-2017 micro format 30-08-2018 2018-56900230
31-12-2016 micro format 30-09-2017 2017-65600035

Show all 13 filings

Similar companies · same sector, comparable size

Of the 19,855 active companies whose main activity is joinery installation (NACE 43320), figures are known for 9,273. 7,788 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
1 director, last change in 2023
JeanMarc GEVAERT
Director (not named in the articles)
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
1 of this company's 2 Belgian Official Gazette deeds has not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.

Mandate history

1 person since 2023, 1 in office
Show
  • Board
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
JeanMarc GEVAERT
  • Manager, until 30-11-2023
  • Director (not named in the articles), since before 30-11-2023
See the board, name and registered office on a given date →

Owners and capital

Capital and shareholders

Capital over the years
  1. 30-11-2023 Converted to unavailable equity · €53,700

Group and network

Connections & network

1 current director
Depth

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History

On 26 July 2013, MATHAR was incorporated.1 Total assets went from €114,048 in 2018 to €142,886 in 2025 and headcount from 1 to 1.3 full-time equivalents.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2025

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 31-07-2027
2026
27-08
NBB filing Annual accounts filed
financial year 2025 · micro format · 27 days late
2025
25-09
NBB filing Annual accounts filed
financial year 2024 · micro format · 56 days late
2024
11-09
NBB filing Annual accounts filed
financial year 2023 · micro format · 42 days late
2023
30-11
Gazette deed Reappointment: JeanMarc GEVAERT (director)
Resignation: JeanMarc GEVAERT (manager) · Amendment of the articles · Capital conversion9 facts ▸
  • General meeting, 24-11-2023
  • Amendment of the articles (2 times)
  • Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
  • Other provision, “formes et majorités de la modification des statuts, limitation du compte de capitaux propres statutairement indisponible et mise à disposition du solde” (deed in French)
  • Director reappointment, JeanMarc GEVAERT (director (not named in the articles))
  • Director resignation, JeanMarc GEVAERT (manager)
  • Director discharge, JeanMarc GEVAERT (manager)
  • Registered office clause, “7750 Mont-de-l’Enclus (Orroir),Rue des Résistants,16” (deed in French)
  • Power of attorney
31-08
NBB filing Annual accounts filed
financial year 2022 · micro format · 31 days late
2022
31-08
NBB filing Annual accounts filed
financial year 2021 · micro format · 31 days late
2021
31-12
Financial Equity above €100,000equity €103,828 ▲21%
3 profitable years in a row build equity to €103,828.
02-12
NBB filing Annual accounts filed
financial year 2020 · micro format · 124 days late
2020
04-11
NBB filing Annual accounts filed
financial year 2019 · micro format · 96 days late
2019
31-12
Financial Back to profitnet €33,967
Net result €33,967 after one loss-making year.
31-12
Financial Liquidity more than doubledcurrent ratio 2.26
Current ratio from 1.06 to 2.26; short-term debt falls from €51,984 to €31,345.
30-10
NBB filing Annual accounts filed
financial year 2018 · micro format · 91 days late
2018
30-08
NBB filing Annual accounts filed
financial year 2017 · micro format · 30 days late
2017
30-09
NBB filing Annual accounts filed
financial year 2016 · micro format · 61 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 13 annual accounts filed, the latest 10 are here; all 13 are under Financials.
1 of 2 deeds read
About the unread acts

Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.

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Register details

Identification
Legal formPrivate limited company
Founded26-07-2013
Financial year end31-12
Activities, NACEBEL 2025
25120Manufacture of fabricated metal products, except machinery and equipment
43320Joinery installation
E-invoicing
Reachable via Peppol
Peppol ID 0208:0536976459
Registered 15-10-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 26 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0536.976.459

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Mont-de-l'Enclus · 1 establishment unit since 2013
registered office establishment The establishment unit on the map
Ground area
143 m²
Building footprint
84 m²
Building volume
649 m³
Parcel 57061B0253/00T000, Wallonia · tallest building 9.9 m. Linked by address, not a title deed.
1 establishment unit
MATHAR SPRL
Rue des Résistants(O) 16, 7750 Mont-de-l'EnclusManufacture of fabricated metal products, except machinery and equipment
since 2013unit no. 2.221.976.327
1 parcel
Wallonia 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
57061B0253/00T000 Wallonia 142 m² 1 · 84 m² 9.9 m · 3
How the parcels are linked
Good to know
The parcel matches the address exactly.

Articles of association

What the company does

PurposeThe activities the company may carry out under its articles.
“L’étude,la fabrication,la commercialisation,la vente et la pose - en gros ou en détail – de volets,de portes sectionnelles et de menuiseries…” (deed in French)
86 activities (deed in French)
  1. L’étude,la fabrication,la commercialisation,la vente et la pose - en gros ou en détail – de volets,de portes sectionnelles et de menuiseries métalliques.
  2. La fabrication de constructions préfabriquées principalement en métaux : baraques de chantier,éléments modulaires pour expositions,cabines téléphoniques ;
  3. L’installation de systèmes d'alimentation de secours (groupes électrogènes) ;
  4. La construction générale de bâtiments résidentiels ;
  5. La réalisation du gros œuvre de maisons individuelles ;
  6. La construction de maisons individuelles "clés en mains" ;
  7. La réalisation du gros œuvre de bâtiments à cellules multiples (appartements,etc.) ;
  8. La réalisation d'appartements "clés en mains" ;
  9. La construction générale d'autres bâtiments non résidentiels ;
  10. La réalisation du gros œuvre de bâtiments et ouvrages industriels ou commerciaux,de dépôts de véhicules,d'entrepôts,d'écoles,de cliniques,de bâtiments pour la pratique d'un culte ;
  11. Le montage de hangars,granges,silos,bâtiments à usages agricoles ;
  12. La construction d'autoroutes,de routes,de rues,de chaussées et d'autres voies pour véhicules et piétons (y compris la pose de glissières de sécurité) ;
  13. Le marquage à la peinture des chaussées et des aires ou parcs de stationnement ;
  14. La construction de voies ferrées : pose du ballast et des rails,remise en état et réparations des voies ;
  15. La construction de ponts et de tunnels ;
  16. La construction de ponts,y compris ceux destinés à supporter des routes surélevées,viaducs ;
  17. La construction de tunnels routiers et ferroviaires et d'autres passages souterrains ;
  18. Le forage et construction de puits d'eau,fonçage de puits ;
  19. Tous travaux de dragage ;
  20. Le curage des cours d'eau,fossés ;
  21. La construction de terrains de jeux et de sport,de bassins de natation ;
  22. Tous travaux de démolition ;
  23. Tous travaux de préparation des sites ;
  24. Tous travaux de terrassement : creusement,comblement,nivellement de chantiers de construction,ouverture de tranchées,dérochement,destruction à l'explosif ;
  25. La préparation de sites pour l'exploitation minière : enlèvement de déblais et autres travaux d'aménagement et de préparation des terrains et sites miniers ;
  26. Le rabattement de la nappe aquifère et drainage des chantiers des construction ;
  27. Le drainage des terrains agricoles et sylvicoles ;
  28. Le Déblayage des chantiers ;
  29. Les forages d'essai et sondages ;
  30. Les sondages d'essai,les forages d'essai et les carottages pour la construction ainsi que pour les études géophysiques,géologiques et similaires ;
  31. L’exécution de forages horizontaux pour passages de câbles ou de canalisations ;
  32. Tous travaux d'installation électrotechnique de bâtiment ;
  33. L’installation de câbles et appareils électriques ;
  34. L’installation de systèmes de télécommunication et installations informatiques ;
  35. L’installation de systèmes d'éclairage et de signalisation pour chaussées,voies ferrées,aéroports et installations portuaires (y compris l'installation de panneaux de signalisation) ;
  36. Tous travaux de plomberie ;
  37. L’installation de chauffage,de ventilation et de conditionnement d'air ;
  38. L’installation de systèmes de chauffage,de climatisation et de ventilation (sauf chauffage) ;
  39. D'installations électriques de chauffage ;
  40. Tous travaux d'isolation ;
  41. La mise en œuvre dans des bâtiments ou d'autres projets de construction de : matériaux d'isolation thermique,matériaux d'isolation acoustique et antivibratile ;
  42. Tous travaux d'isolation de canalisations de chauffage ou de réfrigération,de chambres froides ou d'entrepôts frigorifiques ;
  43. Tous autres travaux d'installation n.c.a ;
  44. L’installation de stores,bannes,d'enseignes,lumineuses ou non ;
  45. Tous autres travaux d'installation n.d.a.,y compris l'installation d'accessoires ;
  46. Tous travaux d'installation générale ;
  47. L’Installation d'ascenseurs et escaliers mécaniques ;
  48. L’Installation d'antennes d'immeubles et paratonnerres ;
  49. Tous travaux de plâtrerie,l’application dans des bâtiments ou d'autres projets de construction,de plâtre ou de stuc pour l'intérieur ou l'extérieur,y compris les matériaux de lattage associés ;
  50. Tous travaux de menuiserie,le montage de menuiseries extérieures et intérieures : portes,fenêtres,escaliers,placards de cuisines équipées,équipements pour magasins,dormants de portes et fenêtres,le montage de cloisons mobiles; revêtement de murs,de plafonds,en bois ou en matière plastique ;
  51. Le montage de portes de garage,de volets,de persiennes,de grillages,de grilles,en bois ou en matière plastique ;
  52. Le montage de portes blindées et de portes coupe-feux,en bois ou en matière plastique ;
  53. Le montage de serres,de vérandas,en bois ou en matière plastique ;
  54. Le montage de menuiseries extérieurs et intérieurs métallique : portes,fenêtres,dormants de portes et fenêtres,escaliers,placards de cuisines équipées,équipements pour magasins ;
  55. Le montage de cloisons mobiles ; revêtement de murs,de plafonds,métallique ;
  56. Le montage de portes blindées et portes coupe-feux,métallique ;
  57. Le montage de serres,de vérandas,métallique ;
  58. L’installation de portes intérieures,de cloisons de séparation,en verre ;
  59. Le montage de cloisons sèches à base de plâtre ;
  60. La pose de carrelages de sols et de murs,de revêtements en bois de sols et de murs,de papiers peints et de revêtements de murs et de sols en d'autres matériaux
  61. Tous travaux de peinture intérieure et extérieure des bâtiments,d'ossatures métalliques,de navires et de bateaux par des unités non spécialisées ;
  62. Tous travaux de vitrerie ;
  63. La pose de vitres,de miroirs ;
  64. Tous autres travaux de finition ;
  65. Le nettoyage de bâtiments nouveaux et remise en état des lieux après travaux ;
  66. Tous autres travaux d'achèvement et de finition des bâtiments n.d.a ;
  67. Tous travaux de couverture en tous matériaux ;
  68. Le montage de charpentes ;
  69. La mise en place des éléments d'évacuation des eaux de pluie ;
  70. Tous travaux d'étanchéification des toits et des toitures-terrasses ;
  71. Le traitement des murs avec des produits hydrofuges ;
  72. Le nettoyage à la vapeur,le sablage et les activités analogues appliquées aux parties extérieures des bâtiments ;
  73. La construction de cheminées décoratives et de feux ouverts ;
  74. Tous travaux de maçonnerie ;
  75. L’exécution de travaux de rejointoiement ;
  76. La pose de chape ;
  77. Tous autres activités de construction spécialisées ;
  78. La mise en place de fondations,y compris le battage de pieux ;
  79. Tous travaux de ferraillage et la pose de coffrage ;
  80. Tous travaux de construction de cheminées et de fours industriels ;
  81. Le montage d'éléments de structures métalliques non fabriqués par l'unité qui exécute les travaux ;
  82. L’exécution pour les tiers de travaux de levage ;
  83. Le montage et démontage d'échafaudages et de plates-formes de travail ;
  84. La construction de chambres froides,chambres fortes ;
  85. L’installation de piscines privées ;
  86. Le commerce de détail de matériaux de construction en magasin spécialisé,assortiment général ;

The full purpose is in the deed

DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited
Name clauseThe name the company operates under according to its articles.
MATHAR
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Région Wallonne, par simple décision de l’organe d’administration,des sièges administratifs,agences,ateliers,dépôts et succursales,tant en…” (deed in French)

deed of 30-11-2023

Who represents it, and how

Board ruleHow the board is made up, meets and takes decisions.
“Avec ou sans limitation, personnes physiques ou morales actionnaires ou non” (deed in French)
“Frais généraux, assemblée générale” (deed in French)

deed of 30-11-2023

Capital, shares and profit

Kind of sharesWhich classes of shares exist and what rights each class carries.
One provision in the deed
Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
“Tout ou partie, président du tribunal de commerce du siège en référé à requête partie diligente en cas désaccord” (deed in French)
Share issue ruleHow and by whom new shares can be issued.
One provision in the deed

deed of 30-11-2023

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
Second Friday of June at 18:00

deed of 30-11-2023

Oversight and winding up

Dissolution ruleWhen and by whom the company can be dissolved.
“Formes prévues pour les modifications aux statuts, assemblée générale” (deed in French)
Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
“Dissolution pour quelque cause et à quelque moment que ce soit, peut désigner un ou plusieurs liquidateurs et déterminer pouvoirs et…” (deed in French)

deed of 30-11-2023

Other provisionsOther rules from the articles that fall under none of the themes above.

Capital: “€50.000” (deed in French)
Other provision: “Contrôle de la société, un ou plusieurs commissaires” (deed in French)
Other provision: “Administrateur-délégué, gestion journalière” (deed in French)
Other provision: “Un administrateur ou à défaut l’actionnaire présent détenant le plus d’actions ou en cas de parité le plus âgé, séances-procès-verbaux” (deed in French)
Other provision: “Délibérations, sous réserve des dispositions légales régissant les actions sans droit de vote” (deed in French)
Other provision: “Toute assemblée générale ordinaire ou extraordinaire, prorogation” (deed in French)
Liquidation distribution: “Actif net réparti entre tous les actionnaires en proportion de leurs actions, après apurement de toutes dettes,charges et frais de…” (deed in French)
Other provision: “Élection de domicile, au siège” (deed in French)
Other provision: “Tribunaux du siège,compétence exclusive, compétence judiciaire” (deed in French)
Other provision: “Droit commun, clauses contraires aux dispositions impératives du Code censées non écrites” (deed in French)
4 more provisions in the deed, see the deed of 30-11-2023

deed of 30-11-2023