Debts
€97,106 81% of the balance sheet
Financial debts 36%Suppliers 53%Taxes and wages 2%Other 9%
Of this, €62,115 falls due within a year.
Mathias Heene
Lifetime
2 annual accounts with figures on one time axispeak €31,373 (2025)
€31,373▲ 186%
peak €12,244 (2025)
€12,244▲ 40.0%
peak €22,991 (2025)
€22,991▲ 163%
€97,106▲ 16×
Board1 name since 2024
1 directorMathias Heene
Documentsfilings and deeds
29-09-202660 days late
2025micro format
Gross margin from €10,980 to €31,373Result from €8,747 to €12,244Equity from €8,747 to €22,991Debts from €6,249 to €97,106Cash from €12,500 to €17,802
Key points
from the 2025 annual accountsInvestments
€62,507 4.2 × depreciation
Green is investment, beige is depreciation.
Position in the sector
€12,244
Lower net result than 81% of companies in human health. Sector median €60,070 · 20,754 companies.
2025 accounts filed 60 days after the deadline
Checked score
90
Excellent
Financially stronger than 38% of micro companies in human health (NACE 86)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: < 0.1% across 24,185 companies (NACE 86, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
01-2026: < 0.1%
02-2026: < 0.1%● unchanged vs 01-2026lowest value
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: 0.1%▲ +0.1 percentage points vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026highest value
11-2026: 0.1%● unchanged vs 10-2026highest value
Financial strengthAverage
Score breakdown
raises risk
Last filed accounts filed 60 days late; 1 of the last 3 accounts late
lowers risk
Sector: Human health activities (NACE 86)
Size: total assets €120,096
Figures for financial year 2025 (filed on 30-09-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 86, micro). It does better than 20% of them on solvency, 11% on liquidity, 29% on profitability and 94% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,390 companies had the same profile as Mathias Heene has now. Each dot stands for 6 companies, two years later.
96.6%
were still trading
2.0%
stopped another way
1.2%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Mathias Heene itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 2,390 companies, not a prediction for Mathias Heene. 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
Credit of up to €2,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.13 (2.0 in 2024), below the usual 1.5. Short-term debt is 51.7% and cash 14.8% of total assets. 80.9% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 20767 sector peers (2025).
NBB · sector comparisonPosition among 20767 sector peers
Solvency
better than 19%
← weakest
strongest →
raises risk · Young company
Founded in 2024, a year ago. Young companies fail more often than established ones; the risk is highest 2 to 8 years after founding.
KBO · incorporation dateAge against the risk zone
raises risk · 2025 accounts filed 60 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-09-2026, 60 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 2 filingsDeviation from the deadline
2025
60 days late
2024
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 30 days after the deadline. In the sector (NACE 86), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1017456952
First establishment
Ramen 39b, Ghent
Incorporation
2,000 shares · Appointment: Mathias Heene (director) · Registered office clause: Ramen 39b, 9000 Gent · published on 18-12-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Mathias Heene Ghent | €120,096 | €31,373 | 19.1% | - |
| LAMBI PHYSIO Auderghem | €111,782 | €33,654 | 18.2% | - |
| Inform Maldegem Maldegem | €154,191 | €26,713 | 14.3% | - |
| LD KIN Gerpinnes | €112,960 | €29,979 | 15.9% | - |
| XAHAUF Ferrières | €139,699 | €27,264 | 7.3% | - |
| ARK-MOVE Wuustwezel | €95,891 | €29,319 | 21.0% | - |
| Volpe Kinésithérapie Walcourt | €107,926 | €37,146 | 13.5% | - |
These companies have the same main activity as Mathias Heene: physiotherapy (NACE 86951). They are comparable in size and age: total assets between €95,900 and €154,000, founded between 2024 and 2025.
Official details
Source: KBO- Status
- Active since 16-12-2024Normal situation
- Activity
- PhysiotherapyNACE 86951and 4 others
- Establishment unit
- 2.367.599.8539000 Ghent, since 24-12-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 06-09-2025
Insights on Mathias Heene
Mathias Heene has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €22,991 and a net result of €12,244.
Its solvency ranks better than 19% of 20,767 sector peers (NACE 86, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
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 Mathias Heene
- What is the company number of Mathias Heene?
- The company number of Mathias Heene is 1017.456.952. The VAT number is the same number with BE in front: BE 1017.456.952.
- Where is Mathias Heene based?
- The registered office is at Ramen 39b, 9000 Ghent.Company details
- What does Mathias Heene do?
- According to the KBO register, the main activity is physiotherapy (NACE 86951).
- What is the legal form of Mathias Heene?
- Mathias Heene is a private limited company (BV).
- When was Mathias Heene founded?
- Mathias Heene was founded on 16-12-2024.
- Is Mathias Heene still active?
- Yes, Mathias Heene is an active enterprise in the KBO register.
- What is the turnover of Mathias Heene?
- The turnover in financial year 2025 is ≈ €95,000. This figure is estimated from the gross margin of €31,373 and 34 comparable companies (NACE 869). It probably lies between €72,000 and €130,000.Financials
- Is Mathias Heene profitable?
- In financial year 2025, Mathias Heene made a profit of €12,244.
- Where can I find the annual accounts of Mathias Heene?
- Mathias Heene filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Mathias Heene due?
- Mathias Heene must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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