Summary
MATHERN is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €22k and a net result of €19k. Equity is growing by ~7.6% per year across the filed fiscal years. Its solvency ranks better than 36% of 9863 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-05-2025, 66 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
66 d early
2023
50 d early
2022
25 d early
2021
40 d early
2020
31 d early
2019
46 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€22k▲ 49.1%
2023 · €15k
2018: €23k
2019: €25k▲ +7.6% vs 2018
2020: €33k▲ +31.5% vs 2019
2021: €38k▲ +14.2% vs 2020
2022: €42k▲ +12.5% vs 2021highest in 7 years
2023: €15k▼ -64.9% vs 2022lowest in 7 years
2024: €22k▲ +49.1% vs 2023
2018 → 2024
Net result
€19k▲ 179%
2023 · €7k
2018: €11k
2019: €2k▼ -83.7% vs 2018lowest in 7 years
2020: €9k▲ +389% vs 2019
2021: €5k▼ -46.0% vs 2020
2022: €5k▲ +0.8% vs 2021
2023: €7k▲ +44.6% vs 2022
2024: €19k▲ +179% vs 2023highest in 7 years
2018 → 2024
Total assets
€58k▼ 9.5%
2023 · €64k
2018: €43klowest in 7 years
2019: €62k▲ +43.0% vs 2018
2020: €71k▲ +14.9% vs 2019
2021: €77k▲ +8.9% vs 2020highest in 7 years
2022: €68k▼ -11.8% vs 2021
2023: €64k▼ -5.7% vs 2022
2024: €58k▼ -9.5% vs 2023
2018 → 2024
Solvency
38.3%▲ 15.0pp
2023 · 23.2%
2018: 54.1%
2019: 40.7%▼ -24.7% vs 2018
2020: 46.6%▲ +14.4% vs 2019
2021: 48.8%▲ +4.9% vs 2020
2022: 62.3%▲ +27.6% vs 2021highest in 7 years
2023: 23.2%▼ -62.7% vs 2022lowest in 7 years
2024: 38.3%▲ +64.7% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€33k-€38k▲ 14.2%€42k▲ 12.5%€15k▼ 64.9%€22k▲ 49.1%
2020: €33k
2021: €38k▲ +14.2% vs 2020
2022: €42k▲ +12.5% vs 2021highest in 5 years
2023: €15k▼ -64.9% vs 2022lowest in 5 years
2024: €22k▲ +49.1% vs 2023
Operating result€11k-€5k▼ 54.5%€5k▲ 3.4%€8k▲ 64.4%€25k▲ 191%
2020: €11k
2021: €5k▼ -54.5% vs 2020lowest in 5 years
2022: €5k▲ +3.4% vs 2021
2023: €8k▲ +64.4% vs 2022
2024: €25k▲ +191% vs 2023highest in 5 years
Net result€9k-€5k▼ 46.0%€5k▲ 0.8%€7k▲ 44.6%€19k▲ 179%
2020: €9k
2021: €5k▼ -46.0% vs 2020lowest in 5 years
2022: €5k▲ +0.8% vs 2021
2023: €7k▲ +44.6% vs 2022
2024: €19k▲ +179% vs 2023highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 191% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €58k
Fixed assets
€5k ▼ 41.5%
Current assets
€53k ▼ 4.1%
Equity and liabilities €58k
Equity
€22k ▲ 49.1%
Debt
€36k ▼ 27.2%
Debt's share of the balance-sheet total falls from 76.8% to 61.7%. Equity is higher and debt is lower.
Key figures and ratios
ROE
85.8%▲
2023 · 45.9%
ROA
32.8%▲
2023 · 10.7%
Debt ≤ 1 year
€36k▼
2023 · €49k
Income taxes
€6k▲
2023 · €3k
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 · 2024 against 2023 · 49 lines
Balance sheet
Code20232024
Assets
Total assets20/58€64k€58k▼
Fixed assets21/28€9k€5k▼
Tangible fixed assets22/27€9k€5k▼
Plant, machinery and equipment23€7k€4k▼
Furniture and vehicles24€0-
Other tangible fixed assets26€2k€2k▼
Current assets29/58€55k€53k▼
Stocks and contracts in progress3€2k€2k▲
Stocks30/36€2k€2k▲
Amounts receivable within one year40/41€39k€15k▼
Trade receivables40€6k€13k▲
Other amounts receivable41€33k€2k▼
Cash at bank and in hand54/58€14k€35k▲
Equity and liabilities
Total equity and liabilities10/49€64k€58k▼
Equity10/15€15k€22k▲
Contributions10/11€5k€5k=
Reserves13€171€171=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€171€171=
Profit (loss) carried forward14€10k€17k▲
Amounts payable17/49€49k€36k▼
Amounts payable after more than one year17€0-
Other amounts payable178/9€0-
Amounts payable within one year42/48€49k€36k▼
Trade debts44€1k€3k▲
Suppliers440/4€1k€3k▲
Taxes, remuneration and social security45€8k€9k▲
Taxes450/3€8k€9k▲
Other amounts payable47/48€41k€23k▼
Accrued charges and deferred income492/3€0-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€4k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€132€141▲
Gross operating margin9900€17k€29k▲
Operating profit (loss)9901€8k€25k▲
Financial income75/76B€2k€632▼
Recurring financial income75€2k€632▼
Financial charges65/66B€458€385▼
Recurring financial charges65€458€385▼
Profit (loss) for the period before taxes9903€10k€25k▲
Income taxes67/77€3k€6k▲
Profit (loss) for the period9904€7k€19k▲
Profit (loss) for the period to be appropriated9905€7k€19k▲
Appropriation of the result
Profit (loss) to be appropriated9906€36k€29k▼
Profit (loss) brought forward from the previous period14P€29k€10k▼
Transfer from equity791/2€465€0▼
Profit to be distributed694/7€27k€12k▼
Return on contributions (dividend)694€27k€12k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €9k | €9k | €9k | €4k | ▼ 55.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €2k | €0 | - | - |
| Other operating charges640/8 | - | €708 | €122 | €132 | €141 | ▲ 6.7% |
| Gross operating margin9900 | €20k | €15k | €16k | €17k | €29k | ▲ 65.8% |
| Operating profit (loss)9901 | €11k | €5k | €5k | €8k | €25k | ▲ 191% |
| Financial income75/76B | - | €2k | €2k | €2k | €632 | ▼ 65.5% |
| Recurring financial income75 | €1k | €2k | €2k | €2k | €632 | ▼ 65.5% |
| Financial charges65/66B | - | €406 | €343 | €458 | €385 | ▼ 15.9% |
| Recurring financial charges65 | €547 | €406 | €343 | €458 | €385 | ▼ 15.9% |
| Profit (loss) for the period before taxes9903 | €12k | €6k | €7k | €10k | €25k | ▲ 153% |
| Income taxes67/77 | €3k | €2k | €2k | €3k | €6k | ▲ 91.9% |
| Profit (loss) for the period9904 | €9k | €5k | €5k | €7k | €19k | ▲ 179% |
| Profit (loss) for the period to be appropriated9905 | €9k | €5k | €5k | €7k | €19k | ▲ 179% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €71k | €77k | €68k | €64k | €58k | ▼ 9.5% |
| Fixed assets21/28 | €25k | €25k | €13k | €9k | €5k | ▼ 41.5% |
| Tangible fixed assets22/27 | €22k | €22k | €13k | €9k | €5k | ▼ 41.5% |
| Plant, machinery and equipment23 | - | €14k | €8k | €7k | €4k | ▼ 47.1% |
| Furniture and vehicles24 | - | €5k | €3k | €0 | - | - |
| Other tangible fixed assets26 | - | €3k | €2k | €2k | €2k | ▼ 20.1% |
| Financial fixed assets28 | €3k | €3k | €0 | - | - | - |
| Current assets29/58 | €46k | €52k | €55k | €55k | €53k | ▼ 4.1% |
| Stocks and contracts in progress3 | €4k | €4k | €2k | €2k | €2k | ▲ 24.0% |
| Stocks30/36 | - | €4k | €2k | €2k | €2k | ▲ 24.0% |
| Amounts receivable within one year40/41 | €21k | €37k | €34k | €39k | €15k | ▼ 60.2% |
| Trade receivables40 | - | €5k | €3k | €6k | €13k | ▲ 114% |
| Other amounts receivable41 | - | €32k | €31k | €33k | €2k | ▼ 92.6% |
| Cash at bank and in hand54/58 | €19k | €11k | €19k | €14k | €35k | ▲ 143% |
| Deferred charges and accrued income490/1 | - | €868 | €0 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €71k | €77k | €68k | €64k | €58k | ▼ 9.5% |
| Equity10/15 | €33k | €38k | €42k | €15k | €22k | ▲ 49.1% |
| Contributions10/11 | - | €12k | €12k | €5k | €5k | = |
| Reserves13 | €636 | €636 | €636 | €171 | €171 | = |
| Non-distributable reserves130/1 | - | €636 | €636 | €0 | - | - |
| Reserves not available under the articles1311 | - | €636 | €636 | €0 | - | - |
| Distributable reserves133 | - | - | - | €171 | €171 | = |
| Profit (loss) carried forward14 | €20k | €25k | €29k | €10k | €17k | ▲ 75.1% |
| Amounts payable17/49 | €38k | €40k | €26k | €49k | €36k | ▼ 27.2% |
| Amounts payable after more than one year17 | €23k | €28k | €18k | €0 | - | - |
| Other amounts payable178/9 | - | €28k | €18k | €0 | - | - |
| Amounts payable within one year42/48 | €14k | €11k | €7k | €49k | €36k | ▼ 27.2% |
| Current portion of amounts payable after more than one year42 | - | €3k | €0 | - | - | - |
| Trade debts44 | €1k | €339 | €290 | €1k | €3k | ▲ 233% |
| Suppliers440/4 | - | €339 | €290 | €1k | €3k | ▲ 233% |
| Taxes, remuneration and social security45 | - | €7k | €7k | €8k | €9k | ▲ 18.7% |
| Taxes450/3 | - | €7k | €7k | €8k | €9k | ▲ 18.7% |
| Other amounts payable47/48 | - | - | - | €41k | €23k | ▼ 42.4% |
| Accrued charges and deferred income492/3 | - | €269 | €348 | €0 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9k | €5k | €5k | €7k | €19k | ▲ 179% |
| + Depreciation and write-downs630 | €9k | €9k | €9k | €9k | €4k | ▼ 55.3% |
| Operating cash flow (approximation) | €17k | €14k | €14k | €15k | €23k | ▲ 48.2% |
| Investment in fixed assets (approximation) | - | €-9k | €3k | €-5k | €0 | ▲ 100% |
| Change in cash | - | €-8k | €8k | €-5k | €21k | ▲ 549% |
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
2025
26-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €19k ▲179%
Operating result €25k, net result €19k, both a record.
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
15-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €2k ▼83.7%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
07-06
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.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 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, Gent · 1 establishment unit since 2018
Ground area
2,088 m²
Building footprint
526 m²
Volume, LiDAR
2,747 m³
Parcel 44062B0298/00P002, Flanders · tallest building 15.3 m, ±2 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
MATHERN
since 20182.281.128.214
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44062B0298/00P002 | Flanders | 2,088 m² | 1 · 526 m² | 15.3 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.
Similar companies · same sector, comparable size
INVENSA
BE 0651.583.840
Beringen · Eq €22,233
M2M Group
BE 1019.707.253
Balen · Eq €22,227
Céflojus
BE 0802.817.629
Knokke-Heist · Eq €22,225
CIKAL
BE 0785.933.095
Rijkevorsel · Eq €22,208
PRONTO MANAGEMENT
BE 1004.894.165
Welkenraedt · Eq €22,198
Of 24,730 companies in sector 64210 we hold annual accounts for 19,766. 7,779 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
Founded11-10-2018
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
47789Other retail sale of new goods
52220Warehousing and support activities for transportation
70200Business and other management consultancy
73120Media representation
82300Organisation of conventions and trade shows
Scores and ratios are computed by Checked and are not a credit decision.