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MATHI

Active Public limited companyfounded 2003active for 23 yearsLuyckstraat 6, 2960 BrechtKBO/BCE: BE 0479.640.749
MATHI
Financial year 2025
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Annual accounts 2025

abbreviated format, filed on 20-08-2026, 20 days late
€190,166
▲ 6.5%
€23,800
▼ 22.9%
€67,313
▼ 9.8%
€64,380
▼ 10.6%
49.6%
▲ 0.1 percentage points
2.03
▼ 0.16

Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €540,000. Estimated: probably between €400,000 and €660,000.

Money flows

no detail for 2025

Balance sheet

balance sheet total €594,890 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

49.6%

Higher than 57% of 9,974 companies in 2025.

2.03

Higher than 58% of 9,837 companies in 2025.

3.5%

Higher than 42% of 9,906 companies in 2025.

MATHI Middle half of the sector 80% of the sector Abbreviated accounts in specialised construction (NACE 43)

Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: middle half

Staff

€48,275

Staff costs divided by the average number of full-time equivalents.

+1 person

people who joined people who left

In 2025, 8 people joined and 7 left.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
Balance sheet: assets
20/58 594,890554,416724,641584,734565,992539,971642,062628,814689,887523,785297,664233,407196,822229,864214,969130,008141,70780,27062,62766,359
21/28 97,944141,956179,025129,271103,33032,24340,08754,52761,77626,00239,15620,05923,83232,34539,30632,22241,32518,31320,244-
22/27 97,944141,956179,025129,271103,33032,24340,08754,52761,77626,00239,15620,05923,83232,34539,30632,22241,32518,31320,244-
23 6,78212,41911,00215,11521,82715,9678,4927,0711,0235,83310,7545,5211,6763,6524,2083,8802,1182,282765-
24 86,999124,000161,111105,87077,53316,27631,59547,45660,75417,12524,58511,17918,14625,93331,87824,66135,06716,03019,479-
26 4,1625,5376,9118,2863,970----3,0443,8173,3604,0102,7603,2203,6804,140---
29/58 496,946412,461545,616455,462462,662507,728601,975574,287628,111497,784258,508213,348172,990197,520175,66397,786100,38261,95742,38466,359
3 9,0005,50618,0886,00011,50011,500218,311218,311214,161230,8192,0005,0005,0005,0005,0004,2304,187---
30/36 9,0005,50618,0886,00011,50011,500218,311218,311214,161230,8192,0005,0005,0005,0005,0004,2304,187---
40/41 475,388393,091514,834419,340434,936424,544370,924353,680360,498263,975191,988190,946146,746157,399118,86874,48056,92550,17233,86936
40 105,12560,54997,66157,07794,947117,56995,196117,803153,345122,77366,122116,27272,51157,47946,94917,99412,75419,5402,850-
41 370,263332,542417,173362,263339,989306,975275,729235,877207,153141,202125,86674,67474,23699,92071,91956,48644,17130,63331,01936
54/58 1,4673,6531,12223,19212,86267,3169,6332,29653,4512,98764,12017,40221,24435,12151,79519,07639,27111,4888,51466,323
490/1 11,09110,21011,5726,9303,3654,3673,106--3400------297--
Balance sheet: equity and liabilities
10/49 594,890554,416724,641584,734565,992539,971642,062628,814689,887523,785297,664233,407196,822229,864214,969130,008141,70780,27062,62766,359
10/15 294,891274,024343,948333,304349,821317,115303,114286,511268,356201,865172,528130,66278,00668,946111,45468,28377,87068,95162,11765,491
10/11 62,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,000
10 62,00062,00062,00062,00062,000---------------
100 62,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,000
13 232,891212,024281,948271,304287,821255,115241,114122,564107,56442,5646,2006,2006,2006,2006,2006,2006,2005,6312,6102,610
130/1 6,2006,2006,2006,2006,2006,200--------------
130 6,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,200392175175
133 226,691205,824275,748265,104281,621248,915234,914116,364101,36436,364-------5,2392,4362,436
14 -------101,94798,79397,301104,32862,4629,80674643,254839,6701,320-2,493881
17/49 299,999280,392380,693251,430216,171222,856338,947342,304421,531321,920125,136102,745118,817160,919103,51661,72563,83711,319510867
17 55,73992,666128,45580,91038,6923,01310,17220,11630,86010,39014,0371,4755,7719,88213,8169,51413,466---
170/4 55,73992,666128,45580,91038,6923,01310,17220,11630,86010,39014,0371,4755,7719,88213,8169,51413,466---
42/48 244,259187,726252,239170,520177,479219,843328,775322,187390,670311,530111,099101,271113,046151,03789,70052,21050,37111,319510867
42 36,92635,78934,69625,62813,9897,1599,94410,74410,5743,6475,0534,2964,1113,9343,7653,9523,792---
43 9,0009,00011,7729,00012,000-200,000204,335201,039200,000----------
430/8 --2,772---200,000204,335201,039200,000----------
439 9,0009,0009,0009,00012,000---------------
44 159,322117,612195,560103,568111,071196,412102,28652,809136,37996,10155,14566,94643,97282,35759,70716,45533,39911,3194034
440/4 159,322117,612195,560103,568111,071196,412102,28652,809136,37996,10155,14566,94643,97282,35759,70716,45533,39911,3194034
45 39,01125,32610,21132,32340,41816,27216,54554,29942,67811,78242,90330,02933,5537,74526,2288,1005,119-107576
450/3 25,99712,7772,49724,86030,94315,76816,54550,54642,67811,78242,90330,02933,5534,21225,2487,3075,119--576
454/9 13,01412,5487,7147,4639,476504-3,753-----3,533980793--107-
47/48 ----------7,998-31,41057,000-23,7038,060--288
Income statement
70 -----------488,622411,362409,876408,986192,867190,70445,7932,850-
76A 5,698-------------------
9900 190,166178,573111,300138,895137,49145,43760,87057,361147,93366,13789,63791,58463,36434,66484,17837,13636,78412,482-2,1374,938
60/61 -----------405,670348,444375,212325,579159,304158,18033,3115,2801,668
62 120,688101,25570,12494,21861,8427,9365,7043,8833,50613,344---4311,5927,6834,2352,9872,230596-
630 43,51343,77832,37726,73130,15917,95820,13820,30322,22915,09316,53011,38610,41313,00512,28012,95912,5265,6131,146-
640/8 2,1652,6631,9372,3201,5992,4681,9291,9072,0051,3609332,0777671,0598781,1771,526624847781
66A ---26,791--3666014,124-939211-2,7611,666-----
9901 23,80030,8776,861-11,16543,89117,07532,73330,667116,06836,34072,17478,12052,61519,00863,33618,76519,7454,016-4,7264,157
75/76B 17,89420,66113,64622,06817,91423,58316,96620,33320,1519,3236,6946,2428,4446,6834,6703,8373,2372,8881,374165
75 17,89420,66113,64622,06817,91423,58316,96620,33320,1519,3236,6946,2428,4446,6834,6703,8373,2372,8881,374165
65/66B 11,22110,8798,3578,64715,13319,77623,51525,04527,1627,1276,4786,3824,9024,5225,1671,322888372220
65 11,22110,8798,3578,64715,13319,77623,51525,04527,1627,1276,4786,3824,9024,5225,1671,322888372220
9903 30,47340,65912,1502,25646,67120,88226,18325,956109,05738,53671,45177,77056,15618,40961,17421,27922,0946,867-3,3744,302
67/77 9,60612,4001,50659213,9646,8829,5797,80142,5669,20021,58725,11320,6043,91618,0047,1645,11433-597
9904 20,86728,25910,6441,66432,70714,00016,60418,15466,49129,33749,86452,65735,55214,49243,17114,11516,9796,834-3,3743,705
9905 20,86728,25910,6441,66432,70714,00016,60418,15466,49129,33749,86452,65735,55214,49243,17114,11516,9796,834-3,3743,705
Appropriation of the result
9906 20,86728,25910,6441,66432,70714,000118,551116,947163,793133,665112,32662,46236,29857,74643,25423,78618,3004,341-2,4933,491
791/2 -98,182-18,182------------5,239---
691/2 20,86728,25910,6441,66432,70714,000118,55115,00065,00036,364------5,8083,021-2,610
6920 ----------------5,808217-175
6921 20,86728,25910,6441,66432,70714,000118,55115,00065,00036,364-------2,804-2,436
694/7 -98,182-18,182------7,998-26,49357,000-23,7038,060---
694 -98,182-18,182--------26,49357,000-23,7038,060---
695 ----------7,998---------
Social balance sheet
9087 2.52.21.321.9110.20.20.4----0.30.10.2-0.1-
Hours worked1013 4,2683,6262,3653,6053,5791,2401,588363236690----1482312552338-
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 3 older financial years (2003-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 20-08-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 20 days after the deadline. Filed on 20 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00408832.

Financial year Type Filed Reference Document
31-12-2025 abbreviated format 20-08-2026 2026-00408832 PDF
31-12-2024 abbreviated format 13-08-2025 2025-00373190 PDF
31-12-2023 abbreviated format 09-08-2024 2024-00337028 PDF
31-12-2022 abbreviated format 30-08-2023 2023-00385119 PDF
31-12-2021 abbreviated format 23-06-2022 2022-20094928 PDF
31-12-2020 abbreviated format 30-07-2021 2021-43700524 PDF
31-12-2019 abbreviated format 24-10-2020 2020-63300493 PDF
31-12-2018 abbreviated format 08-07-2019 2019-29900382 PDF
31-12-2017 abbreviated format 25-09-2018 2018-64600366 PDF
31-12-2016 abbreviated format 28-09-2017 2017-64100124 PDF
31-12-2015 abbreviated format 30-08-2016 2016-53200039 PDF
31-12-2014 abbreviated format 23-07-2015 2015-33300488 PDF
31-12-2013 abbreviated format 26-09-2014 2014-60100452 PDF
31-12-2012 abbreviated format 30-08-2013 2013-52000506 PDF
31-12-2011 abbreviated format 13-08-2012 2012-40600490 PDF
31-12-2010 abbreviated format 10-08-2011 2011-39200018 PDF
31-12-2009 abbreviated format 27-08-2010 2010-47000081 PDF
31-12-2008 abbreviated format 27-07-2009 2009-47300118 PDF
31-12-2007 abbreviated format 28-07-2008 2008-47300202 PDF
31-12-2006 abbreviated format 03-08-2007 2007-53800292 PDF
31-12-2005 abbreviated format 29-06-2006 2006-36100177 PDF
31-12-2004 abbreviated format 13-06-2005 2005-24704093 PDF
31-12-2003 abbreviated format 30-09-2004 2004-70001659 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
67,31374,65539,23915,56674,05035,03352,87150,970138,29851,43488,70489,50763,02732,01375,61631,72432,2719,629-3,580-
64,38072,03743,02128,39562,86631,95836,74238,45788,72144,43066,39464,04345,96527,49755,45127,07529,50512,447-2,228-
-4996,709111,65079,464101,24610,1145,69813,65462,1281,93936,5667,8241,90010,00436,7333,85635,5383,68221,390-
-2,1862,530-22,07010,330-54,45457,6847,337-51,15650,464-61,13346,718-3,842-13,877-16,67432,718-20,19527,7832,974-57,809-
252,686224,735293,378284,943285,183287,885273,199252,100237,440186,254147,409112,07759,94446,48385,96345,57650,01250,63941,87465,491
-----------16.0%12.8%4.6%15.5%9.7%10.4%8.8%--
49.6%49.4%47.5%57.0%61.8%58.7%47.2%45.6%38.9%38.5%58.0%56.0%39.6%30.0%51.8%52.5%55.0%85.9%99.2%98.7%
2.032.202.162.672.612.311.831.781.611.602.332.111.531.311.961.871.995.4783.1176.52
2.002.172.092.642.542.261.171.101.060.862.312.061.491.271.901.791.915.4783.1176.52
1.021.021.110.750.620.701.121.191.571.590.730.791.522.330.930.900.820.160.010.01
7.1%10.3%3.1%0.5%9.3%4.4%5.5%6.3%24.8%14.5%28.9%40.3%45.6%21.0%38.7%20.7%21.8%9.9%-5.4%5.7%
3.5%5.1%1.5%0.3%5.8%2.6%2.6%2.9%9.6%5.6%16.8%22.6%18.1%6.3%20.1%10.9%12.0%8.5%-5.4%5.6%
6.006.864.701.804.89---------------
-----------87 days64 days51 days42 days34 days24 days156 days365 days-
-----------60 days46 days80 days67 days38 days77 days124 days28 days1 day

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item31-12-202531-12-202431-12-202331-12-202231-12-2021
Employees at the balance-sheet date32122
full-time32122
in full-time equivalents32122
2.52.21.321.9
On a permanent contract22122
Joined8-1-2
Left7-2-1

Source: social balance sheet in the 2021 to 2025 annual accounts

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets-€6,709€111,650€79,464€101,246
€43,513€43,778€32,377€26,731€30,159

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on MATHI

The operating result for 2025 is 23% lower than in 2024.

Debt's share of the balance-sheet total falls from 50.6% to 50.4%. Equity and debt are higher.

Next steps

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