Equity
€64,791 ▼ 17.9%
MATHIAS INGELS TRANSPORT paid out €30,000 in dividends. That is 189% of the 2025 profit.
MATHIAS INGELS TRANSPORT
Lifetime
5 annual accounts with figures on one time axisGross marginpeak €72,974 (2025)
€72,974▲ 4.7%
Resultpeak €33,835 (2021)
€15,905▼ 47.6%
Equitypeak €83,552 (2023)
€64,791▼ 17.9%
Debts
€115,824▼ 18.9%
Board1 name since 2021
1 directorIngels Mathias
Documentsfilings and deeds
22-06-202639 days before the deadline
2025micro format
Result from €30,334 to €15,905Dividend €30,000Equity from €78,886 to €64,791Debts from €142,765 to €115,824Cash from €79,572 to €36,838
Key points
from the 2025 annual accountsChecked score
64
Healthy
Financially stronger than 49% of micro companies in land transport (NACE 49)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.5% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.9% across 9,100 companies (NACE 49, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%
01-2025: 0.5%● unchanged vs 12-2024
02-2025: 0.5%● unchanged vs 01-2025
03-2025: 0.5%● unchanged vs 02-2025lowest value
04-2025: 0.6%▲ +0.1 percentage points vs 03-2025
05-2025: 0.6%● unchanged vs 04-2025
06-2025: 0.6%● unchanged vs 05-2025
07-2025: 0.7%▲ +0.1 percentage points vs 06-2025
08-2025: 1.2%▲ +0.5 percentage points vs 07-2025
09-2025: 1.2%● unchanged vs 08-2025
10-2025: 1.2%● unchanged vs 09-2025
11-2025: 1.2%● unchanged vs 10-2025
12-2025: 1.2%● unchanged vs 11-2025
01-2026: 1.2%● unchanged vs 12-2025
02-2026: 1.2%● unchanged vs 01-2026
03-2026: 1.2%● unchanged vs 02-2026
04-2026: 1.3%▲ +0.1 percentage points vs 03-2026
05-2026: 1.5%▲ +0.2 percentage points vs 04-2026
06-2026: 1.4%▼ -0.1 percentage points vs 05-2026
07-2026: 1.5%▲ +0.1 percentage points vs 06-2026
08-2026: 1.7%▲ +0.2 percentage points vs 07-2026
09-2026: 1.9%▲ +0.2 percentage points vs 08-2026highest value
10-2026: 1.6%▼ -0.3 percentage points vs 09-2026
11-2026: 1.5%▼ -0.1 percentage points vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Sector: Land transport and transport via pipelines (NACE 49)
Founded in 2021
Size: total assets €180,615
lowers risk
Liquidity: current ratio 1.14, cash €36,838, halved
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 49, micro). It does better than 48% of them on solvency, 63% on liquidity, 64% on profitability and 22% on growth.
The bankruptcy probability was computed on 04-11-2026 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 low class on 30-06-2025, 0.8% 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, 26,972 companies had the same profile as MATHIAS INGELS TRANSPORT has now. Each dot stands for 68 companies, two years later.
94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MATHIAS INGELS TRANSPORT itself: 1.5% within 12 months.
Test of the method
The method was tested on the 497,446 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 26,972 companies, not a prediction for MATHIAS INGELS TRANSPORT. 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 €4,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.14 (1.34 in 2024), below the usual 1.5. Short-term debt is 40.6% and cash 20.4% of total assets. 64.1% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-06-2026, 39 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
39 days early
2024
28 days early
2023
40 days early
2022
4 days early
2021
3 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 23 days before the deadline. In the sector (NACE 49), the median for financial year 2024 was on the deadline day, and 49% 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. The company usually files around 3 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0765775606
Incorporation
published on 31-03-2021 · Gazette deed
First establishment
Hogevorst 48, Assenede
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| MATHIAS INGELS TRANSPORT Assenede | €180,615 | €72,974 | 35.9% | - |
| JMG Temse | €171,281 | €61,363 | 60.7% | - |
| Basalan Zele | €222,031 | €65,278 | 14.8% | - |
| Tomatra Deinze | €225,611 | €65,723 | 77.6% | - |
| NS Trans Waasmunster | €192,491 | €64,442 | 72.8% | - |
| TraWeVE Beveren-Kruibeke-Zwijndrecht | €190,234 | €61,028 | 70.2% | - |
| LUVITRA Wingene | €186,777 | €75,358 | 46.2% | - |
These companies have the same main activity as MATHIAS INGELS TRANSPORT: freight transport by road (NACE 49410). They are comparable in size and age: total assets between €171,000 and €226,000, founded between 2020 and 2022.
Official details
Source: KBO- Status
- Active since 29-03-2021Normal situation
- Activity
- Freight transport by roadNACE 49410and 2 others
- Establishment unit
- 2.315.808.2869968 Assenede, since 29-03-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 27-11-2025
Annual accounts 2025
- Total assets
- €180,615▼ 18.5%
- Filing
- Filed on 22-06-2026, 39 days before the end of the filing period
Insights on MATHIAS INGELS TRANSPORT
MATHIAS INGELS TRANSPORT files the micro format. That format states no turnover. The gross margin rose from €53,273 in 2021 to €72,974 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 MATHIAS INGELS TRANSPORT
- What is the company number of MATHIAS INGELS TRANSPORT?
- The company number of MATHIAS INGELS TRANSPORT is 0765.775.606. The VAT number is the same number with BE in front: BE 0765.775.606.
- Where is MATHIAS INGELS TRANSPORT based?
- The registered office is at Hogevorst 48, 9968 Assenede.Company details
- What does MATHIAS INGELS TRANSPORT do?
- According to the KBO register, the main activity is freight transport by road (NACE 49410).
- What is the legal form of MATHIAS INGELS TRANSPORT?
- MATHIAS INGELS TRANSPORT is a private limited company (BV).
- When was MATHIAS INGELS TRANSPORT founded?
- MATHIAS INGELS TRANSPORT was founded on 29-03-2021.
- Is MATHIAS INGELS TRANSPORT still active?
- Yes, MATHIAS INGELS TRANSPORT is an active enterprise in the KBO register.
- What is the turnover of MATHIAS INGELS TRANSPORT?
- The turnover in financial year 2025 is ≈ €250,000. This figure is estimated from the gross margin of €72,974 and 46 comparable companies (NACE 49410). It probably lies between €200,000 and €310,000.Financials
- Is MATHIAS INGELS TRANSPORT profitable?
- In financial year 2025, MATHIAS INGELS TRANSPORT made a profit of €15,905.
- Where can I find the annual accounts of MATHIAS INGELS TRANSPORT?
- MATHIAS INGELS TRANSPORT filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MATHIAS INGELS TRANSPORT due?
- MATHIAS INGELS TRANSPORT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See which support similar companies received that this one did not.Subsidies Compare this company with its sector.Sector benchmark
See how customers, suppliers and banks see your own company and what to improve first.