Equity
€294,891 ▲ 7.6%
MATHI has made a profit without a break since 2008.
MATHI
Lifetime
20 annual accounts with figures on one time axis, 23 filings since 2003peak €190,166 (2025)
€190,166▲ 6.5%
lowest -€3,374 (2007)
€20,867▼ 26.2%
peak €349,821 (2021)
€294,891▲ 7.6%
€299,999▲ 7.0%
peak 2.5 FTE (2025)
2.5 FTE▲ 13.6%
Board4 names since 2019
2 directors and 1 other
Owners
Documentsfilings and deeds
20-08-202620 days late
2025abbreviated format
Result from €28,259 to €20,867Staff from 2.2 FTE to 2.5 FTECash from €3,653 to €1,467
Key points
from the 2025 annual accountsChecked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 17,035 companies had the same profile as MATHI has now. Each dot stands for 43 companies, two years later.
94.4%
were still trading
4.9%
stopped another way
0.5%
went bankrupt
Another 0.2% 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 17,035 companies, not a prediction for MATHI. 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
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Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0479640749
Reappointments: (director) and (director)
“Algemene elektriciteitswerken,elektrotechnische installatiewerken: Alle elektriciteitswerken in de meest ruime…” (deed in Dutch) · General meeting of 25-10-2023 · Gazette deed
1 director appointed, 2 resignations
Change of role: , from director to managing director · Resignations: and · Permanent representative: · General meeting of 02-09-2021 · Gazette deed
3 directors reappointed
(managing director), and · Permanent representative: · General meeting of 30-05-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MATHI Brecht | €594,890 | €190,166 | 49.6% | 2.5 |
| ELECTRO DELFORCE WILLY Roeselare | €559,830 | €225,771 | 74.9% | 2.8 |
| TRADU-ELEC La Bruyère | €649,530 | €236,181 | 74.4% | 2.4 |
| GYPEL Meerhout | €572,002 | €182,645 | 77.2% | 1.7 |
| ANF CONSTRUCT Antwerp | €652,490 | €270,049 | 38.2% | 3 |
| VERLIGRO Lier | €524,703 | €156,785 | 47.7% | 2 |
| AMPS Hulshout | €834,016 | €238,763 | 24.4% | 3 |
These companies have the same main activity as MATHI: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €525,000 and €834,000, founded between 1995 and 2007.
Official details
Source: KBO- Status
- Active since 25-02-2003Normal situation
- Activity
- General electrical installation workNACE 43211and 4 others
- Joint committees
- 149.01Electricians: installation and distribution
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.126.531.9882960 Brecht, since 27-03-2003
- Financial year end
- 31 December
- Peppol
- Reachable since 03-12-2024
Annual accounts 2025
- ≈ €540,000estimated
- €594,890▲ 7.3%
- Employeeson 31-12-2025
- 3▲ 50.0%
- Filing
- Filed on 20-08-2026
Insights on MATHI
MATHI files the abbreviated format. That format states no turnover. The gross margin rose from €4,938 in 2006 to €190,166 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 MATHI
- What is the company number of MATHI?
- The company number of MATHI is 0479.640.749. The VAT number is the same number with BE in front: BE 0479.640.749.
- Where is MATHI based?
- The registered office is at Luyckstraat 6, 2960 Brecht.Company details
- What does MATHI do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of MATHI?
- MATHI is a public limited company (NV).
- When was MATHI founded?
- MATHI was founded on 25-02-2003.
- Is MATHI still active?
- Yes, MATHI is an active enterprise in the KBO register.
- How many employees does MATHI have?
- MATHI had an average of 2.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does MATHI fall under?
- In its 2025 annual accounts, MATHI states joint committees 149.01 (Electricians: installation and distribution) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of MATHI?
- The turnover in financial year 2025 is ≈ €540,000. This figure is estimated from the gross margin of €190,166 and 57 comparable companies (NACE 43211). It probably lies between €400,000 and €660,000.
- Is MATHI profitable?
- In financial year 2025, MATHI made a profit of €20,867.
- Where can I find the annual accounts of MATHI?
- MATHI filed 23 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MATHI due?
- MATHI must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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