MATHIBAS
ActiveSummary
MATHIBAS has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5,630 and a net result of €7,055. Equity is growing by ~44.1% per year across the filed fiscal years. Its solvency ranks better than 18% of 16666 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability94▼-6
Solvency41▲+22
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 86
Relative position
BE, all sectors
reference
Human health activities (NACE 86)
about 87% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 16666 sector peers (2025).
NBB · sector comparisonPosition among 16666 sector peers
Solvency
better than 18%
← weakest
strongest →
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 26-06-2026, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
35 d early
2024
27 d early
2023
21 d late
2022
24 d early
2021
17 d late
2020
23 d late
2019
55 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 4 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€5,630
2024 · -€1,425
Total assets
€35,140▲ 46.7%
2024 · €23,956
Net result
€7,055▼ 1.6%
2024 · €7,173
Working capital
€442
2024 · -€5,640
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€11,473▲ 412%€6,539▼ 43.0%-€254€9,952€10,474▲ 5.2%
Net result€10,234▲ 1,491%€4,872▼ 52.4%-€1,159€7,173€7,055▼ 1.6%
Equity-€12,310▲ 45.4%-€7,439▲ 39.6%-€8,598▼ 15.6%-€1,425▲ 83.4%€5,630
Total assets€20,420▲ 67.4%€23,704▲ 16.1%€16,005▼ 32.5%€23,956▲ 49.7%€35,140▲ 46.7%
Debt€32,730▼ 5.8%€31,143▼ 4.9%€24,603▼ 21.0%€25,381▲ 3.2%€29,510▲ 16.3%
Working capital-€12,341▲ 37.6%-€8,718▲ 29.4%-€10,404▼ 19.3%-€5,640▲ 45.8%€442
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 5% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €35,140
Fixed assets
€7,288 ▲ 72.9%
Current assets
€27,852 ▲ 41.1%
Equity and liabilities €35,140
Equity
€5,630
Debt
€29,510
Debt finances 84.0% of the balance-sheet total.
Key figures and ratios
EBITDA
€12,742▼
2024 · €13,659
Cash flow
€9,323▼
2024 · €10,880
Current ratio
1.02▲
2024 · 0.78
Debt to equity
5.24▲
2024 · -17.81
ROE
125.3%
ROA
20.1%▼
2024 · 29.9%
Interest coverage
18.53▼
2024 · 23.60
Debt ≤ 1 year
€27,410▲
2024 · €25,381
Debt > 1 year
€2,100
Income taxes
€2,751▲
2024 · €2,314
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,280 | €2,804 | €3,053 | €3,707 | €2,268 | ▼ 38.8% |
| Other operating charges640/8 | €1,611 | €2,119 | €1,488 | €3,894 | €2,671 | ▼ 31.4% |
| Gross operating margin9900 | €15,364 | €11,462 | €4,288 | €17,553 | €15,413 | ▼ 12.2% |
| Operating profit (loss)9901 | €11,473 | €6,539 | -€254 | €9,952 | €10,474 | ▲ 5.2% |
| Financial income75/76B | €0 | €12 | €38 | €113 | €20 | ▼ 82.4% |
| Recurring financial income75 | €0 | €12 | €38 | €113 | €20 | ▼ 82.4% |
| Financial charges65/66B | €1,240 | €1,679 | €944 | €579 | €688 | ▲ 18.8% |
| Recurring financial charges65 | €1,240 | €1,679 | €944 | €579 | €688 | ▲ 18.8% |
| Profit (loss) for the period before taxes9903 | €10,234 | €4,872 | -€1,159 | €9,486 | €9,806 | ▲ 3.4% |
| Income taxes67/77 | - | - | - | €2,314 | €2,751 | ▲ 18.9% |
| Profit (loss) for the period9904 | €10,234 | €4,872 | -€1,159 | €7,173 | €7,055 | ▼ 1.6% |
| Profit (loss) for the period to be appropriated9905 | €10,234 | €4,872 | -€1,159 | €7,173 | €7,055 | ▼ 1.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €20,420 | €23,704 | €16,005 | €23,956 | €35,140 | ▲ 46.7% |
| Fixed assets21/28 | €7,798 | €6,305 | €3,251 | €4,215 | €7,288 | ▲ 72.9% |
| Tangible fixed assets22/27 | €7,798 | €6,305 | €3,251 | €4,215 | €7,288 | ▲ 72.9% |
| Plant, machinery and equipment23 | €1,205 | €1,916 | €1,067 | €249 | - | - |
| Furniture and vehicles24 | €4,017 | €2,672 | €1,326 | €3,966 | €2,851 | ▼ 28.1% |
| Leasing and similar rights25 | - | - | - | - | €4,436 | - |
| Other tangible fixed assets26 | €2,576 | €1,717 | €859 | - | - | - |
| Current assets29/58 | €12,622 | €17,399 | €12,754 | €19,741 | €27,852 | ▲ 41.1% |
| Amounts receivable within one year40/41 | €9,499 | €6,476 | €1,124 | €4,556 | €2,994 | ▼ 34.3% |
| Trade receivables40 | €9,499 | €6,476 | €1,124 | €4,556 | €2,994 | ▼ 34.3% |
| Cash at bank and in hand54/58 | €2,980 | €10,712 | €11,408 | €14,952 | €24,438 | ▲ 63.4% |
| Deferred charges and accrued income490/1 | €143 | €211 | €222 | €233 | €421 | ▲ 80.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €20,420 | €23,704 | €16,005 | €23,956 | €35,140 | ▲ 46.7% |
| Equity10/15 | -€12,310 | -€7,439 | -€8,598 | -€1,425 | €5,630 | ▲ 495% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €8,634 | €8,634 | €8,634 | €8,634 | €8,634 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | €6,774 | €6,774 | €6,774 | €8,634 | €8,634 | = |
| Profit (loss) carried forward14 | -€27,145 | -€22,273 | -€23,432 | -€16,260 | -€9,205 | ▲ 43.4% |
| Amounts payable17/49 | €32,730 | €31,143 | €24,603 | €25,381 | €29,510 | ▲ 16.3% |
| Amounts payable after more than one year17 | €7,066 | €4,287 | €1,445 | - | €2,100 | - |
| Financial debts170/4 | €7,066 | €4,287 | €1,445 | - | €2,100 | - |
| Amounts payable within one year42/48 | €24,963 | €26,117 | €23,158 | €25,381 | €27,410 | ▲ 8.0% |
| Current portion of amounts payable after more than one year42 | €2,715 | €2,778 | €2,842 | - | €1,761 | - |
| Trade debts44 | €2,614 | €1,978 | €1,334 | €1,479 | €2,028 | ▲ 37.1% |
| Suppliers440/4 | €2,614 | €1,978 | €1,334 | €1,479 | €2,028 | ▲ 37.1% |
| Taxes, remuneration and social security45 | €1,510 | €1,011 | €237 | €3,558 | €3,524 | ▼ 1.0% |
| Taxes450/3 | €1,510 | €1,011 | €237 | €3,558 | €3,524 | ▼ 1.0% |
| Other amounts payable47/48 | €18,124 | €20,350 | €18,744 | €20,344 | €20,097 | ▼ 1.2% |
| Accrued charges and deferred income492/3 | €702 | €738 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,234 | €4,872 | -€1,159 | €7,173 | €7,055 | ▼ 1.6% |
| + Depreciation and write-downs630 | €2,280 | €2,804 | €3,053 | €3,707 | €2,268 | ▼ 38.8% |
| Operating cash flow (approximation) | €12,514 | €7,676 | €1,894 | €10,880 | €9,323 | ▼ 14.3% |
| Investment in fixed assets (approximation) | - | -€1,311 | €0 | -€4,671 | -€5,340 | ▼ 14.3% |
| Change in cash | - | €7,731 | €696 | €3,545 | €9,486 | ▲ 168% |
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
Next filing, fiscal year 2026, expected by
2026
26-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €7,173
Net result €7,173 after one loss-making year.
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
17-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 17 days late
2021
31-12
Financial
Highest result since 2018net €10,234 ▲1,491%
Operating result €11,473, net result €10,234, both a record.
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
24-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 55 days late
2019
31-12
Financial
Back to profitnet €3,163
Net result €3,163 after one loss-making year.
22-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 83 days late
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 20 days late
2017
08-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 8 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Schelle · 1 establishment unit since 2006
Ground area
172 m²
Building footprint
74 m²
Volume, LiDAR
426 m³
Parcel 11038A0042/00F005, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
MATHIBAS
since 20062.158.380.256
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11038A0042/00F005 | Flanders | 171 m² | 1 · 73 m² | 8.5 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.
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Of 12,699 companies in sector 86951 we hold annual accounts for 2,143. 1,167 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
Founded27-10-2006
Fiscal year end31-12
Activities, NACEBEL 2025
86951Physiotherapy
Scores and ratios are computed by Checked and are not a credit decision.