MATHEBO
ActiveSummary
MATHEBO has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €64k and a net result of €-5k. Equity is growing by ~17.7% per year across the filed fiscal years. Its solvency ranks better than 31% of 4355 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
63
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability52▼-28
Solvency51▼-2
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 2.88 against 4.1 in 2023; short-term debt: 25.4% and cash: 9.9% of total assets), but 74.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Sector 74
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
25.8%
Return on assets
-2%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
65 d late
2022
66 d late
2021
68 d late
2020
89 d late
2019
61 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€64k▼ 7.1%
2023 · €69k
2018: €11k
2019: €34k
2020: €48k
2021: €59k
2022: €47k
2023: €69k
2018 → 2024
Total assets
€246k▲ 0.4%
2023 · €245k
2018: €14k
2019: €72k
2020: €374k
2021: €484k
2022: €228k
2023: €245k
2018 → 2024
Net result
€-5k
2023 · €22k
2018: €-2k
2019: €24k
2020: €14k
2021: €4k
2022: €-12k
2023: €22k
2018 → 2024
Working capital
€118k▼ 31.3%
2023 · €172k
2018: €9k
2019: €27k
2020: €40k
2021: €81k
2022: €160k
2023: €172k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€48k-€59k▲ 22.0%€47k▼ 20.5%€69k▲ 46.0%€64k▼ 7.1%
Operating result€21k-€10k▼ 51.5%€-7k€34k€5k▼ 85.3%
Net result€14k-€4k▼ 68.6%€-12k€22k€-5k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 85% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €246k
Fixed assets
€66k▲ 265%
Current assets
€181k▼ 20.5%
Equity and liabilities €246k
Equity
€64k▼ 7.1%
Debt
€183k▲ 3.3%
The debt ratio rises from 72.1% to 74.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€16k▼
2023 · €42k
Cash flow
€6k▼
2023 · €30k
Solvency
25.8%▼
2023 · 27.9%
Current ratio
2.88▼
2023 · 4.10
Quick ratio
2.88▼
2023 · 4.10
Debt / equity
2.87▲
2023 · 2.58
ROE
-7.7%▼
2023 · 31.5%
ROA
-2.0%▼
2023 · 8.8%
Interest coverage
4.25▼
2023 · 10.34
Debt
€183k▲
2023 · €177k
Debt ≤ 1 year
€63k▲
2023 · €55k
Debt > 1 year
€120k▼
2023 · €121k
Income taxes
€7k▼
2023 · €9k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€245k€246k▲
Fixed assets21/28€18k€66k▲
Intangible fixed assets21€2k€304▼
Tangible fixed assets22/27€6k€55k▲
Furniture and vehicles24€6k€3k▼
Leasing and similar rights25€0€52k▲
Financial fixed assets28€10k€10k=
Current assets29/58€227k€181k▼
Amounts receivable after more than one year29€10k€18k▲
Trade receivables290€10k€18k▲
Amounts receivable within one year40/41€143k€137k▼
Trade receivables40€41k€35k▼
Other amounts receivable41€102k€102k=
Cash at bank and in hand54/58€74k€24k▼
Deferred charges and accrued income490/1€364€1k▲
Equity and liabilities
Total equity and liabilities10/49€245k€246k▲
Equity10/15€69k€64k▼
Contributions10/11€19k€19k=
Reserves13€40k€40k=
Distributable reserves133€40k€40k=
Profit (loss) carried forward14€9k€5k▼
Amounts payable17/49€177k€183k▲
Amounts payable after more than one year17€121k€120k▼
Financial debts170/4€4k€37k▲
Other amounts payable178/9€117k€83k▼
Amounts payable within one year42/48€55k€63k▲
Current portion of amounts payable after more than one year42€27k€39k▲
Trade debts44€18k€5k▼
Suppliers440/4€18k€5k▼
Taxes, remuneration and social security45€10k€17k▲
Taxes450/3€10k€17k▲
Remuneration and social security454/9€239-
Other amounts payable47/48€45€577▲
Accrued charges and deferred income492/3€248-
Income statement
Code20232024
Non-recurring operating income76A-€6k
Remuneration, social security and pensions62€26k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€11k▲
Other operating charges640/8€2k€4k▲
Non-recurring operating charges66A-€20k
Gross operating margin9900€71k€40k▼
Operating profit (loss)9901€34k€5k▼
Financial income75/76B€656€739▲
Recurring financial income75€656€739▲
Financial charges65/66B€4k€4k▼
Recurring financial charges65€4k€4k▼
Profit (loss) for the period before taxes9903€31k€2k▼
Income taxes67/77€9k€7k▼
Profit (loss) for the period9904€22k€-5k▼
Profit (loss) for the period to be appropriated9905€22k€-5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€9k€5k▼
Profit (loss) brought forward from the previous period14P€-12k€9k▲
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
04-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 65 days late
2023
31-12
Financial
Back to profitnet €22k
Net result €22k after one loss-making year.
05-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 66 days late
2022
31-12
Financial
Weakest financial yearnet €-12k ▼372%
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity quadruplescurrent ratio 9.04
Current ratio from 2.08 to 9.04; short-term debt falls from €75k to €20k.
07-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 68 days late
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
31-12
Financial
Back to profitnet €24k
Net result €24k after one loss-making year.
01-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Veurne · 1 establishment unit since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Katjeshillestraat 18630 VeurneGround area
9,810 m²
Building footprint
160 m²
Volume, LiDAR
627 m³
Parcel 38028C0476/00D000, Flanders · tallest building 7.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
MATHEBO
since 20172.269.202.558
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38028C0476/00D000 | Flanders | 9,810 m² | 1 · 160 m² | 7.3 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 2 entries · 2,796 EUR awarded · 2,796 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 2 | 2,796 EUR | 2,796 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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COHERENCE
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Of 4,567 companies in sector 74999 we hold annual accounts for 1,938. 1,556 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-10-2017
Fiscal year end31-12
Activities, NACEBEL
74909Other professional, scientific and technical activities
74999Other professional, scientific and technical activities
68322Real estate appraisal on a fee or contract basis
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.