MATHER
ActiveSummary
MATHER has been active since 1979 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.39M and a net result of €-47k. Equity is growing by ~7.5% per year across the filed fiscal years. Its solvency ranks better than 85% of 918 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability67▼-27
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €190k at 30 days acceptable
Liquidity ample (current ratio 4.68 against 6.63 in 2024; short-term debt: 7.1% and cash: 21.9% of total assets), and 19.7% of the assets are financed with debt.
Credit check 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 · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 77
Relative position
BE, all sectors
reference
Rental and leasing activities (NACE 77)
about 44% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
80.3%
Return on assets
-1.6%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-04-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
117 d early
2023
18 d early
2022
16 d early
2021
1 d early
2020
18 d early
2019
91 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.39M▼ 13.4%
2024 · €2.75M
2018: €1.45Mlowest in 8 years
2019: €1.56M▲ +7.8% vs 2018
2020: €1.58M▲ +1.3% vs 2019
2021: €1.67M▲ +6.0% vs 2020
2022: €1.94M▲ +15.8% vs 2021
2023: €2.07M▲ +6.8% vs 2022
2024: €2.75M▲ +33.2% vs 2023highest in 8 years
2025: €2.39M▼ -13.4% vs 2024
2018 → 2025
Total assets
€2.97M▼ 13.0%
2024 · €3.41M
2018: €3.66M
2019: €3.98M▲ +8.6% vs 2018highest in 8 years
2020: €3.50M▼ -12.1% vs 2019
2021: €3.41M▼ -2.5% vs 2020
2022: €3.39M▼ -0.5% vs 2021
2023: €3.02M▼ -10.8% vs 2022
2024: €3.41M▲ +12.9% vs 2023
2025: €2.97M▼ -13.0% vs 2024lowest in 8 years
2018 → 2025
Net result
€-47k
2024 · €687k
2018: €816
2019: €129k▲ +15653% vs 2018
2020: €-8k▼ -106% vs 2019
2021: €94k▲ +1310% vs 2020
2022: €240k▲ +155% vs 2021
2023: €131k▼ -45.5% vs 2022
2024: €687k▲ +425% vs 2023highest in 8 years
2025: €-47k▼ -107% vs 2024lowest in 8 years
2018 → 2025
Working capital
€777k▼ 33.4%
2024 · €1.17M
2018: €329k
2019: €61k▼ -81.3% vs 2018
2020: €94k▲ +54.0% vs 2019
2021: €34k▼ -64.1% vs 2020lowest in 8 years
2022: €231k▲ +582% vs 2021
2023: €342k▲ +48.0% vs 2022
2024: €1.17M▲ +241% vs 2023highest in 8 years
2025: €777k▼ -33.4% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.67M-€1.94M▲ 15.8%€2.07M▲ 6.8%€2.75M▲ 33.2%€2.39M▼ 13.4%
2021: €1.67Mlowest in 5 years
2022: €1.94M▲ +15.8% vs 2021
2023: €2.07M▲ +6.8% vs 2022
2024: €2.75M▲ +33.2% vs 2023highest in 5 years
2025: €2.39M▼ -13.4% vs 2024
Operating result€126k-€326k▲ 158%€178k▼ 45.3%€902k▲ 406%€-62k
2021: €126k
2022: €326k▲ +158% vs 2021
2023: €178k▼ -45.3% vs 2022
2024: €902k▲ +406% vs 2023highest in 5 years
2025: €-62k▼ -107% vs 2024lowest in 5 years
Net result€94k-€240k▲ 155%€131k▼ 45.5%€687k▲ 425%€-47k
2021: €94k
2022: €240k▲ +155% vs 2021
2023: €131k▼ -45.5% vs 2022
2024: €687k▲ +425% vs 2023highest in 5 years
2025: €-47k▼ -107% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €62k after €902k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.97M
Fixed assets
€1.98M ▼ 2.8%
Current assets
€989k ▼ 28.1%
Equity and liabilities €2.97M
Equity
€2.39M ▼ 13.4%
Provisions
€299k ▼ 5.8%
Debt
€285k ▼ 16.2%
Debt's share of the balance-sheet total falls from 10.0% to 9.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€122k▼
2024 · €1.10M
Cash flow
€137k▼
2024 · €890k
Current ratio
4.68▼
2024 · 6.63
Quick ratio
4.20▼
2024 · 6.00
Debt to equity
0.12▼
2024 · 0.12
ROE
-2.0%▼
2024 · 24.9%
ROA
-1.6%▼
2024 · 20.1%
Interest coverage
13.27▼
2024 · 118.13
Debt ≤ 1 year
€211k▲
2024 · €207k
Debt > 1 year
€71k▼
2024 · €133k
Income taxes
€661▼
2024 · €60k
Staff costs
€174k▼
2024 · €216k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 64 lines
Balance sheet
Code20242025
Assets
Total assets20/58€3.41M€2.97M▼
Fixed assets21/28€2.04M€1.98M▼
Tangible fixed assets22/27€2.03M€1.97M▼
Land and buildings22€1.72M€1.69M▼
Plant, machinery and equipment23€2k€695▼
Furniture and vehicles24€310k€278k▼
Financial fixed assets28€5k€16k▲
Current assets29/58€1.37M€989k▼
Stocks and contracts in progress3€131k€101k▼
Stocks30/36€131k€101k▼
Amounts receivable within one year40/41€316k€236k▼
Trade receivables40€258k€187k▼
Other amounts receivable41€58k€49k▼
Current investments50/53€700k€0▼
Cash at bank and in hand54/58€223k€651k▲
Deferred charges and accrued income490/1€4k€316▼
Equity and liabilities
Total equity and liabilities10/49€3.41M€2.97M▼
Equity10/15€2.75M€2.39M▼
Contributions10/11€262k€37k▼
Reserves13€1.14M€1.09M▼
Tax-exempt reserves132€1.10M€1.04M▼
Distributable reserves133€46k€46k=
Profit (loss) carried forward14€1.35M€1.26M▼
Provisions and deferred taxes16€318k€299k▼
Provisions for liabilities and charges160/5€0-
Other liabilities and charges164/5€0-
Deferred taxes168€318k€299k▼
Amounts payable17/49€341k€285k▼
Amounts payable after more than one year17€133k€71k▼
Financial debts170/4€133k€71k▼
Amounts payable within one year42/48€207k€211k▲
Current portion of amounts payable after more than one year42€103k€62k▼
Trade debts44€43k€27k▼
Suppliers440/4€43k€27k▼
Taxes, remuneration and social security45€29k€28k▼
Taxes450/3€5k€10k▲
Remuneration and social security454/9€24k€19k▼
Other amounts payable47/48€32k€94k▲
Accrued charges and deferred income492/3€0€3k▲
Income statement
Code20242025
Non-recurring operating income76A€760k€0▼
Remuneration, social security and pensions62€216k€174k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€203k€184k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€10k€-20k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€-135k€0▲
Other operating charges640/8€23k€27k▲
Gross operating margin9900€1.22M€303k▼
Operating profit (loss)9901€902k€-62k▼
Financial income75/76B€20k€6k▼
Recurring financial income75€20k€6k▼
Financial charges65/66B€9k€9k▼
Recurring financial charges65€9k€9k▼
Profit (loss) for the period before taxes9903€912k€-65k▼
Transfer from deferred taxes780€14k€19k▲
Transfer to deferred taxes680€180k€0▼
Income taxes67/77€60k€661▼
Profit (loss) for the period9904€687k€-47k▼
Transfer from tax-exempt reserves789€43k€56k▲
Transfer to tax-exempt reserves689€539k€0▼
Profit (loss) for the period to be appropriated9905€191k€8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.35M€1.36M▲
Profit (loss) brought forward from the previous period14P€1.16M€1.35M▲
Profit to be distributed694/7-€96k
Return on contributions (dividend)694-€96k
Social balance
Average headcount (FTE)90875.04.9▼
The notes to these accounts (26 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €760k | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €272k | €247k | €180k | €216k | €174k | ▼ 19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €404k | €359k | €267k | €203k | €184k | ▼ 9.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €6k | €3k | €4k | €10k | €-20k | ▼ 299% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €-27k | €0 | - | €-135k | €0 | ▲ 100% |
| Other operating charges640/8 | €30k | €19k | €27k | €23k | €27k | ▲ 14.3% |
| Gross operating margin9900 | €812k | €955k | €657k | €1.22M | €303k | ▼ 75.1% |
| Operating profit (loss)9901 | €126k | €326k | €178k | €902k | €-62k | ▼ 107% |
| Financial income75/76B | €6k | €4k | €7k | €20k | €6k | ▼ 69.2% |
| Recurring financial income75 | €6k | €4k | €7k | €20k | €6k | ▼ 69.2% |
| Financial charges65/66B | €22k | €18k | €15k | €9k | €9k | ▼ 1.4% |
| Recurring financial charges65 | €22k | €18k | €15k | €9k | €9k | ▼ 1.4% |
| Profit (loss) for the period before taxes9903 | €111k | €312k | €170k | €912k | €-65k | ▼ 107% |
| Transfer from deferred taxes780 | €9k | €11k | €11k | €14k | €19k | ▲ 28.9% |
| Transfer to deferred taxes680 | €3k | €15k | €27k | €180k | €0 | ▼ 100% |
| Income taxes67/77 | €23k | €67k | €24k | €60k | €661 | ▼ 98.9% |
| Profit (loss) for the period9904 | €94k | €240k | €131k | €687k | €-47k | ▼ 107% |
| Transfer from tax-exempt reserves789 | €21k | €70k | €33k | €43k | €56k | ▲ 28.9% |
| Transfer to tax-exempt reserves689 | €8k | €45k | €81k | €539k | €0 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €107k | €265k | €83k | €191k | €8k | ▼ 95.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.41M | €3.39M | €3.02M | €3.41M | €2.97M | ▼ 13.0% |
| Fixed assets21/28 | €2.65M | €2.53M | €2.25M | €2.04M | €1.98M | ▼ 2.8% |
| Tangible fixed assets22/27 | €2.65M | €2.52M | €2.24M | €2.03M | €1.97M | ▼ 3.3% |
| Land and buildings22 | €1.91M | €1.87M | €1.83M | €1.72M | €1.69M | ▼ 1.9% |
| Plant, machinery and equipment23 | €14k | €7k | €4k | €2k | €695 | ▼ 67.3% |
| Furniture and vehicles24 | €726k | €646k | €410k | €310k | €278k | ▼ 10.3% |
| Financial fixed assets28 | €5k | €5k | €5k | €5k | €16k | ▲ 215% |
| Current assets29/58 | €755k | €864k | €774k | €1.37M | €989k | ▼ 28.1% |
| Stocks and contracts in progress3 | €121k | €141k | €123k | €131k | €101k | ▼ 22.7% |
| Stocks30/36 | €121k | €141k | €123k | €131k | €101k | ▼ 22.7% |
| Amounts receivable within one year40/41 | €592k | €610k | €303k | €316k | €236k | ▼ 25.4% |
| Trade receivables40 | €387k | €443k | €208k | €258k | €187k | ▼ 27.6% |
| Other amounts receivable41 | €205k | €167k | €95k | €58k | €49k | ▼ 15.9% |
| Current investments50/53 | - | - | - | €700k | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €38k | €108k | €349k | €223k | €651k | ▲ 192% |
| Deferred charges and accrued income490/1 | €5k | €5k | €0 | €4k | €316 | ▼ 92.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.41M | €3.39M | €3.02M | €3.41M | €2.97M | ▼ 13.0% |
| Equity10/15 | €1.67M | €1.94M | €2.07M | €2.75M | €2.39M | ▼ 13.4% |
| Contributions10/11 | €262k | €262k | €262k | €262k | €37k | ▼ 85.8% |
| Reserves13 | €602k | €600k | €648k | €1.14M | €1.09M | ▼ 4.9% |
| Non-distributable reserves130/1 | €26k | €0 | - | - | - | - |
| Reserves not available under the articles1311 | €26k | €0 | - | - | - | - |
| Tax-exempt reserves132 | €556k | €554k | €602k | €1.10M | €1.04M | ▼ 5.1% |
| Distributable reserves133 | €20k | €46k | €46k | €46k | €46k | = |
| Profit (loss) carried forward14 | €809k | €1.07M | €1.16M | €1.35M | €1.26M | ▼ 6.5% |
| Provisions and deferred taxes16 | €291k | €271k | €287k | €318k | €299k | ▼ 5.8% |
| Provisions for liabilities and charges160/5 | €135k | €135k | €135k | €0 | - | - |
| Other liabilities and charges164/5 | €135k | €135k | €135k | €0 | - | - |
| Deferred taxes168 | €156k | €136k | €152k | €318k | €299k | ▼ 5.8% |
| Amounts payable17/49 | €1.44M | €1.18M | €669k | €341k | €285k | ▼ 16.2% |
| Amounts payable after more than one year17 | €723k | €550k | €236k | €133k | €71k | ▼ 46.7% |
| Financial debts170/4 | €723k | €550k | €236k | €133k | €71k | ▼ 46.7% |
| Amounts payable within one year42/48 | €721k | €633k | €432k | €207k | €211k | ▲ 2.0% |
| Current portion of amounts payable after more than one year42 | €351k | €348k | €224k | €103k | €62k | ▼ 39.3% |
| Financial debts43 | €2k | €2k | €0 | - | - | - |
| Credit institutions430/8 | €2k | €2k | €0 | - | - | - |
| Trade debts44 | €240k | €127k | €124k | €43k | €27k | ▼ 38.0% |
| Suppliers440/4 | €240k | €127k | €124k | €43k | €27k | ▼ 38.0% |
| Advances received on contracts in progress46 | €1k | €0 | - | - | - | - |
| Taxes, remuneration and social security45 | €90k | €117k | €49k | €29k | €28k | ▼ 2.3% |
| Taxes450/3 | €33k | €84k | €26k | €5k | €10k | ▲ 87.5% |
| Remuneration and social security454/9 | €57k | €33k | €23k | €24k | €19k | ▼ 21.8% |
| Other amounts payable47/48 | €39k | €39k | €36k | €32k | €94k | ▲ 191% |
| Accrued charges and deferred income492/3 | - | - | €725 | €0 | €3k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €94k | €240k | €131k | €687k | €-47k | ▼ 107% |
| + Depreciation and write-downs630 | €404k | €359k | €267k | €203k | €184k | ▼ 9.4% |
| Operating cash flow (approximation) | €498k | €599k | €398k | €890k | €137k | ▼ 84.6% |
| Investment in fixed assets (approximation) | - | €-233k | €10k | €8k | €-128k | ▼ 1,657% |
| Change in cash | - | €70k | €240k | €-126k | €428k | ▲ 441% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Weakest financial yearnet €-47k
Net result drops to €-47k, the lowest in the series.
03-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Highest result since 2018net €687k ▲425%
Operating result €902k, net result €687k, both a record.
30-09
Financial
Liquidity quadruplescurrent ratio 6.63
Current ratio from 1.79 to 6.63; short-term debt falls from €432k to €207k.
12-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Equity above €2MEq €2.07M ▲6.8%
3 profitable years in a row build equity to €2.07M.
14-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Back to profitnet €94k
Net result €94k after one loss-making year.
12-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 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, Ardooie · 1 establishment unit since 1979
Ground area
781 m²
Building footprint
141 m²
Volume, LiDAR
656 m³
Parcel 36001C0710/00P000, Flanders · tallest building 5.5 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
MATHER BVBA
since 19792.058.054.047
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36001C0710/00P000 | Flanders | 781 m² | 1 · 141 m² | 5.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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 to 2024 · 2 entries · 2,342 EUR awarded · 2,342 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,650 EUR | 1,650 EUR |
| 2022 | 1 | 692 EUR | 692 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 361 companies in sector 77120 we hold annual accounts for 233. 122 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-02-1979
Fiscal year end30-09
Activities, NACEBEL 2025
33110Repair and maintenance of fabricated metal products
77120Rental and leasing activities
29201Manufacture of motor vehicles, trailers and semi-trailers
29202Manufacture of motor vehicles, trailers and semi-trailers
46713Wholesale trade
49410Freight transport by road
95314Bodywork repair (including spraying and painting)
Scores and ratios are computed by Checked and are not a credit decision.