Mathibo
ActiveSummary
The computed 12-month bankruptcy probability of Mathibo is 1.6% (moderate). The 2025 annual accounts show equity of €103,608 and a net result of €6,691. Equity is growing by about 25% per year across the filed financial years. Its solvency ranks better than 12% of 9,849 sector peers (NACE 43, financial year 2025). The company has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Electrical installation work in industrial facilities
NACE 43212Site preparation NACE 43120
1 site
Size
≈ €1.3mturnover 2025, estimated
- Staff
- 4.6 FTE
- Equity
- €103,608
- Profit
- €6,691
Turnover estimated from the gross margin
Structure
- DE BLEYE MarijkeDirector
- VERHOEVEN MathiasDirector
2025 accounts filed 18 days late1 of 2 deeds summarised
Why 54raises riskEquity €103,608 (10.3% of total assets)Sector: Specialised construction activities (NACE 43)Liquidity: current ratio 0.98, cash €37,823, halvedlowers riskFigures for financial year 2025 (filed 24-08-2026)Show the evidence
Checked score
Score 2025
54
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 31% of its sector peers (NACE 43, micro)
Financial strength · tick = 2024
Average
Solvency
35+2
equity 10.3% of total assets
Liquidity
34-6
short-term debt 43.2% · cash 3.8%
Profitability
70-1
return on assets 0.7%
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 1.6%
12-2024: 1.6%● unchanged vs 11-2024
01-2025: 1.6%● unchanged vs 12-2024
02-2025: 1.6%● unchanged vs 01-2025
03-2025: 1.6%● unchanged vs 02-2025
04-2025: 1.6%● unchanged vs 03-2025
05-2025: 1.6%● unchanged vs 04-2025
06-2025: 1.6%● unchanged vs 05-2025
07-2025: 1.7%▲ +0.1 percentage points vs 06-2025
08-2025: 2.3%▲ +0.6 percentage points vs 07-2025
09-2025: 2.5%▲ +0.2 percentage points vs 08-2025highest value
10-2025: 1.3%▼ -1.2 percentage points vs 09-2025
11-2025: 1.3%● unchanged vs 10-2025
12-2025: 1.3%● unchanged vs 11-2025
01-2026: 1.2%▼ -0.1 percentage points vs 12-2025lowest value
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: 1.3%● unchanged vs 04-2026
06-2026: 1.4%▲ +0.1 percentage points vs 05-2026
07-2026: 1.6%▲ +0.2 percentage points vs 06-2026
08-2026: 2.4%▲ +0.8 percentage points vs 07-2026
09-2026: 1.6%▼ -0.8 percentage points vs 08-2026
10-2026: 1.6%● unchanged vs 09-2026
Credit of up to €5,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.98, compared with 0.98 in 2024, below 1; short-term debt: 43.2% and cash: 3.8% of total assets), and 89.7% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 43, micro): better than 14% on solvency, 22% on liquidity, 36% on profitability and 50% on growth.
The bankruptcy probability was computed on 29-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Six signals.
lowers riskraises risk
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 9849 sector peers (2025).
NBB · sector comparisonPosition among 9849 sector peers
Solvency
better than 12%
← weakest
strongest →
raises risk · 2025 accounts filed 18 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 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 · 8 filingsDeviation from the deadline
2025
18 days late
2024
25 days late
2023
on the day
2022
3 days late
2021
4 days late
2020
30 days early
2019
37 days early
← 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 2 days before the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% 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 4 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
30-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · abbreviated…
- Equity above €100,000equity €103,608 ▲6.9%
- Annual accounts filedfinancial year 2024 · abbreviated…
Financials · financial year 2025, abbreviated format
2025 annual accounts filed late (18 days) Filed on 18 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00416022.
Turnover
≈ €1.3m
Estimated: probably between €1.1m and €1.6m
Total assets
€1.0m▼ 18.1%
2024 · €1.2m
Net result
€6,691▼ 66.3%
2024 · €19,825
Working capital
-€10,331▼ 3.0%
2024 · -€10,032
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result has fallen two years in a row; 2025 is 17% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.04m
2025
Net result€0.007m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€1.0m
2025
Equity€0.1m
2025
Debt€0.9m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€0.01m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)0.7%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency10.3%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.98
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)4.6
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€356-€0.008m▲ 23×€0.03m▲ 232%€0.04m▲ 46.7%-€0.01m€0.05m€0.05m▼ 5.6%€0.04m▼ 16.8%
Net result€209-€0.006m▲ 29×€0.02mwithin the sector's middle half▲ 291%€0.03mabove the sector's middle half▲ 42.6%-€0.02mbelow the sector's middle half€0.03mwithin the sector's middle half€0.02mwithin the sector's middle half▼ 36.6%€0.007mwithin the sector's middle half▼ 66.3%
Equity€0.006m-€0.01m▲ 94.1%€0.04mbelow the sector's middle half▲ 190%€0.07mwithin the sector's middle half▲ 93.4%€0.05mbelow the sector's middle half▼ 34.3%€0.08mbelow the sector's middle half▲ 68.3%€0.1mbelow the sector's middle half▲ 25.7%€0.1mwithin the sector's middle half▲ 6.9%
Total assets€0.04m-€0.1m▲ 207%€0.4mbelow the sector's middle half▲ 212%€0.5mabove the sector's middle half▲ 44.1%€0.8mwithin the sector's middle half▲ 55.8%€1.1mwithin the sector's middle half▲ 35.9%€1.2mwithin the sector's middle half▲ 12.4%€1.0mwithin the sector's middle half▼ 18.1%
Debt€0.03m-€0.1m▲ 230%€0.3m▲ 215%€0.4m▲ 38.7%€0.8m▲ 69.8%€1.0m▲ 34.0%€1.1m▲ 11.4%€0.9m▼ 20.2%
Working capital€0.002m-€0.04m▲ 18×-€0.003mbelow the sector's middle half€0.001mbelow the sector's middle half-€0.03mbelow the sector's middle half€0.01mbelow the sector's middle half-€0.01mbelow the sector's middle half-€0.01mbelow the sector's middle half▼ 3.0%
Solvency17.1%-10.8%▼ 6.3pp10.0%below the sector's middle half▼ 0.8pp13.5%below the sector's middle half▲ 3.4pp5.7%below the sector's middle half▼ 7.8pp7.0%below the sector's middle half▲ 1.4pp7.9%below the sector's middle half▲ 0.8pp10.3%below the sector's middle half▲ 2.4pp
Current ratio1.09-2.25▲ 1.160.98below the sector's middle half▼ 1.281.00below the sector's middle half▲ 0.030.90below the sector's middle half▼ 0.111.04below the sector's middle half▲ 0.150.98below the sector's middle half▼ 0.060.98below the sector's middle half=
Return on assets (ROA)0.6%-5.2%▲ 4.7pp6.6%within the sector's middle half▲ 1.3pp6.5%within the sector's middle half▼ 0.1pp-3.0%below the sector's middle half▼ 9.5pp2.9%within the sector's middle half▲ 5.8pp1.6%within the sector's middle half▼ 1.2pp0.7%within the sector's middle half▼ 0.9pp
Staff (FTE)1.9below the sector's middle half1.2▼ 36.8%2.2below the sector's middle half▲ 83.3%2.6within the sector's middle half▲ 18.2%4.1within the sector's middle half▲ 57.7%4.6within the sector's middle half▲ 12.2%
above
within
below
the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.0m
Fixed assets
€583,008 ▼ 23.1%
Current assets
€425,343 ▼ 10.1%
Equity and liabilities €1.0m
Equity
€103,608 ▲ 6.9%
Debt
€904,743 ▼ 20.2%
Debt's share of the balance-sheet total falls from 92.1% to 89.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€245,914▼
2024 · €256,877
Cash flow
€210,539▼
2024 · €226,154
Quick ratio
0.74▲
2024 · 0.69
Debt to equity
8.73▼
2024 · 11.70
ROE
6.5%▼
2024 · 20.5%
Interest coverage
6.77▼
2024 · 8.15
Debt ≤ 1 year
€435,675▼
2024 · €483,173
Debt > 1 year
€467,195▼
2024 · €649,998
Income taxes
€3
Staff costs
€239,842▲
2024 · €215,209
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,274 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 94.6% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
2.5%
went bankrupt
2.5%
stopped otherwise
94.6%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,274 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €38,694 | €102,414 | €122,682 | €215,209 | €239,842 | ▲ 11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,145 | €9,078 | €26,281 | €54,760 | €100,834 | €162,514 | €206,329 | €203,848 | ▼ 1.2% |
| Other operating charges640/8 | - | - | - | €5,790 | €9,294 | €6,695 | €14,794 | €14,518 | ▼ 1.9% |
| Gross operating margin9900 | €6,850 | €17,964 | €92,614 | €138,823 | €197,975 | €345,446 | €486,879 | €500,275 | ▲ 2.8% |
| Operating profit (loss)9901 | €356 | €8,138 | €26,988 | €39,578 | -€14,567 | €53,555 | €50,548 | €42,066 | ▼ 16.8% |
| Financial income75/76B | - | - | - | €371 | €1,822 | €76 | €789 | €938 | ▲ 18.9% |
| Recurring financial income75 | €56 | - | €33 | €371 | €1,822 | €76 | €789 | €938 | ▲ 18.9% |
| Financial charges65/66B | - | - | - | €6,308 | €11,133 | €22,338 | €31,512 | €36,311 | ▲ 15.2% |
| Recurring financial charges65 | €100 | €1,650 | €3,408 | €6,308 | €11,133 | €22,338 | €31,512 | €36,311 | ▲ 15.2% |
| Profit (loss) for the period before taxes9903 | €313 | €6,487 | €23,613 | €33,642 | -€23,878 | €31,293 | €19,825 | €6,694 | ▼ 66.2% |
| Income taxes67/77 | €104 | €456 | €17 | - | - | - | - | €3 | - |
| Profit (loss) for the period9904 | €209 | €6,031 | €23,596 | €33,642 | -€23,878 | €31,293 | €19,825 | €6,691 | ▼ 66.3% |
| Profit (loss) for the period to be appropriated9905 | €209 | €6,031 | €23,596 | €33,642 | -€23,878 | €31,293 | €19,825 | €6,691 | ▼ 66.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.04m | €0.1m | €0.4m | €0.5m | €0.8m | €1.1m | €1.2m | €1.0m | ▼ 18.1% |
| Fixed assets21/28 | €0.01m | €0.04m | €0.2m | €0.3m | €0.6m | €0.8m | €0.8m | €0.6m | ▼ 23.1% |
| Tangible fixed assets22/27 | €0.01m | €0.04m | €0.2m | €0.3m | €0.6m | €0.8m | €0.8m | €0.6m | ▼ 23.4% |
| Land and buildings22 | - | - | - | €0.04m | €0.03m | €0.04m | €0.03m | €0.03m | ▼ 17.8% |
| Plant, machinery and equipment23 | - | - | - | €0.04m | €0.05m | €0.06m | €0.1m | €0.09m | ▼ 10.7% |
| Furniture and vehicles24 | - | - | - | €0.07m | €0.08m | €0.3m | €0.3m | €0.2m | ▼ 21.9% |
| Leasing and similar rights25 | - | - | - | €0.1m | €0.4m | €0.4m | €0.3m | €0.2m | ▼ 28.9% |
| Financial fixed assets28 | €40 | €40 | €40 | €40 | €40 | €40 | €0.002m | €0.003m | ▲ 102% |
| Current assets29/58 | €0.02m | €0.07m | €0.1m | €0.2m | €0.2m | €0.3m | €0.5m | €0.4m | ▼ 10.1% |
| Stocks and contracts in progress3 | - | €288 | €0.007m | €0.02m | €0.04m | €0.07m | €0.1m | €0.1m | ▼ 26.3% |
| Stocks30/36 | - | - | - | €0.02m | €0.03m | €0.05m | €0.09m | €0.09m | ▼ 1.3% |
| Contracts in progress37 | - | - | - | €0.002m | €0.007m | €0.02m | €0.05m | €0.02m | ▼ 67.4% |
| Amounts receivable within one year40/41 | €0.008m | €0.03m | €0.09m | €0.2m | €0.1m | €0.2m | €0.2m | €0.3m | ▲ 12.5% |
| Trade receivables40 | - | - | - | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | ▲ 20.9% |
| Other amounts receivable41 | - | - | - | €0.03m | €0.02m | €0.01m | €0.03m | €0.01m | ▼ 52.7% |
| Current investments50/53 | - | - | €0.003m | €0.01m | €0.02m | €0.02m | €0.01m | €0.01m | ▼ 5.1% |
| Cash at bank and in hand54/58 | €0.02m | €0.05m | €0.03m | €0.01m | €0.05m | €0.02m | €0.08m | €0.04m | ▼ 51.8% |
| Deferred charges and accrued income490/1 | - | - | - | €0.005m | €0.005m | €0.01m | €0.01m | €0.01m | ▲ 11.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.04m | €0.1m | €0.4m | €0.5m | €0.8m | €1.1m | €1.2m | €1.0m | ▼ 18.1% |
| Equity10/15 | €0.006m | €0.01m | €0.04m | €0.07m | €0.05m | €0.08m | €0.1m | €0.1m | ▲ 6.9% |
| Contributions10/11 | €0.006m | €0.006m | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Reserves13 | €209 | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Non-distributable reserves130/1 | - | - | - | €0.001m | €0.001m | €0.001m | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.001m | €0.001m | €0.001m | - | - | - |
| Distributable reserves133 | - | - | - | - | - | - | €0.001m | €0.001m | = |
| Profit (loss) carried forward14 | - | €0.006m | €0.03m | €0.06m | €0.04m | €0.07m | €0.09m | €0.1m | ▲ 7.4% |
| Amounts payable17/49 | €0.03m | €0.1m | €0.3m | €0.4m | €0.8m | €1.0m | €1.1m | €0.9m | ▼ 20.2% |
| Amounts payable after more than one year17 | €0.008m | €0.07m | €0.2m | €0.2m | €0.5m | €0.7m | €0.6m | €0.5m | ▼ 28.1% |
| Financial debts170/4 | - | - | - | €0.2m | €0.5m | €0.7m | €0.6m | €0.5m | ▼ 28.1% |
| Amounts payable within one year42/48 | €0.02m | €0.03m | €0.1m | €0.2m | €0.3m | €0.3m | €0.5m | €0.4m | ▼ 9.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.07m | €0.1m | €0.2m | €0.2m | €0.2m | ▼ 0.8% |
| Financial debts43 | - | - | - | - | - | - | - | €0.06m | - |
| Credit institutions430/8 | - | - | - | - | - | - | - | €0.06m | - |
| Trade debts44 | €0.004m | €0.01m | €0.07m | €0.1m | €0.1m | €0.1m | €0.3m | €0.2m | ▼ 39.9% |
| Suppliers440/4 | - | - | - | €0.1m | €0.1m | €0.1m | €0.3m | €0.2m | ▼ 39.9% |
| Taxes, remuneration and social security45 | - | - | - | €0.004m | €0.007m | €0.008m | €0.02m | €0.01m | ▼ 20.2% |
| Taxes450/3 | - | - | - | - | - | - | €0.001m | €324 | ▼ 39.2% |
| Remuneration and social security454/9 | - | - | - | €0.004m | €0.007m | €0.008m | €0.02m | €0.01m | ▼ 19.6% |
| Other amounts payable47/48 | - | - | - | €0.02m | €0.03m | €0.01m | - | €0.001m | - |
| Accrued charges and deferred income492/3 | - | - | - | €0.001m | €0.001m | €0.007m | €0.001m | €0.002m | ▲ 64.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €209 | €6,031 | €23,596 | €33,642 | -€23,878 | €31,293 | €19,825 | €6,691 | ▼ 66.3% |
| + Depreciation and write-downs630 | €4,145 | €9,078 | €26,281 | €54,760 | €100,834 | €162,514 | €206,329 | €203,848 | ▼ 1.2% |
| Operating cash flow (approximation) | €4,354 | €15,109 | €49,877 | €88,402 | €76,955 | €193,807 | €226,154 | €210,539 | ▼ 6.9% |
| Investment in fixed assets (approximation) | - | -€40,486 | -€208,045 | -€129,648 | -€368,982 | -€385,542 | -€172,608 | -€28,772 | ▲ 83.3% |
| Change in cash | - | €28,962 | -€15,657 | -€20,048 | €42,868 | -€31,975 | €57,702 | -€40,573 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 18-08-2026 | 2026-00416022 |
| 31-12-2024 | abbreviated format | 25-08-2025 | 2025-00469867 |
| 31-12-2023 | abbreviated format | 31-07-2024 | 2024-00318798 |
| 31-12-2022 | abbreviated format | 03-08-2023 | 2023-00309606 |
| 31-12-2021 | micro format | 04-08-2022 | 2022-20284303 |
| 31-12-2020 | abbreviated format | 01-07-2021 | 2021-30900484 |
| 31-12-2019 | abbreviated format | 24-06-2020 | 2020-20000141 |
| 31-12-2018 | abbreviated format | 05-08-2019 | 2019-43600052 |
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VOTEC
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Maaseik · equity €102,801
Mon Electricité.be
BE 0507.774.313
Genappe · equity €104,766
NILITECH
BE 0666.819.372
Nijlen · equity €102,291
ELECSAN
BE 0795.842.537
Dilbeek · equity €108,542
DDC-TECHNICS
BE 0764.891.520
Dilsen-Stokkem · equity €108,935
Of the 1,107 active companies whose main activity is electrical installation work in industrial facilities (NACE 43212), figures are known for 431. 361 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2023 to 2025 · 3 entries · €1,931 awarded · €1,931 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €344 | €344 |
| 2023 | 2 | €1,587 | €1,587 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
2 directors, last change in 2024
DE BLEYE Marijke
CurrentDirector · since 18-06-2024
VERHOEVEN Mathias
CurrentDirector · since 18-06-2024
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ.
See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
1 of this company's 2 Belgian Official Gazette deeds has not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.
Mandate history
2 people since 2024, 2 in office
- Board
| Name | Functions and periods |
|---|---|
| DE BLEYE Marijke |
|
| VERHOEVEN Mathias |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
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Director
Shareholding
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History
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2026
18-08
NBB filing
Annual accounts filed
financial year 2025 · abbreviated format · 18 days late
2025
31-12
Financial
Equity above €100,000equity €103,608 ▲6.9%
3 profitable years in a row build equity to €103,608.
25-08
NBB filing
Annual accounts filed
financial year 2024 · abbreviated format · 25 days late
2024
31-07
NBB filing
Annual accounts filed
financial year 2023 · abbreviated format
18-06
Gazette deed
Appointments: DE BLEYE Marijke (director) and VERHOEVEN Mathias (director)Permanent representative: DE BLEYE Marijke · Registered office clause · Amendment of the articles11 facts ▸
Gazette deed
Appointments: DE BLEYE Marijke (director) and VERHOEVEN Mathias (director)
Permanent representative: DE BLEYE Marijke · Registered office clause · Amendment of the articles11 facts ▸
- Registered office clause, “Meerhout, Meiberg 85” (deed in Dutch)
- Other provision, “ontslag bestuurders, aanvaarding ontslag huidige bestuurders” (deed in Dutch)
- Director appointment, DE BLEYE Marijke (director)
- Director appointment, VERHOEVEN Mathias (director)
- Permanent representative, DE BLEYE Marijke
- General meeting, “MATHIBO, buitengewone algemene vergadering van de aandeelhouders” (deed in Dutch)
- Amendment of the articles (2 times)
- Capital conversion, “van rechtswege omgezet, artikel 39,§2,tweede lid wet van 2019-03-23” (deed in Dutch)
- Capital conversion, “opheffing volledig, alle eigen vermogensbestanddelen beschikbaar” (deed in Dutch)
- Other provision, “verslag bestuursorgaan over uitbreiding voorwerp, afschrift ontvangen en kennis genomen” (deed in Dutch)
- Purpose change
2023
31-12
Financial
Back to profitnet €31,293
Net result €31,293 after one loss-making year.
03-08
NBB filing
Annual accounts filed
financial year 2022 · abbreviated format · 3 days late
2022
31-12
Financial
Weakest financial yearnet -€23,878
Net result drops to -€23,878, the lowest in the series; recovery starts the following year.
04-08
NBB filing
Annual accounts filed
financial year 2021 · micro format · 4 days late
2021
31-12
Financial
Highest result from 2018 to 2025net €33,642 ▲42.6%
Net result €33,642, the highest in the series.
01-07
NBB filing
Annual accounts filed
financial year 2020 · abbreviated format
2020
24-06
NBB filing
Annual accounts filed
financial year 2019 · abbreviated format
2019
31-12
Financial
Liquidity more than doubledcurrent ratio 2.25
Current ratio from 1.09 to 2.25.
05-08
NBB filing
Annual accounts filed
financial year 2018 · abbreviated format · 5 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
1 of 2 deeds read
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
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Register details
Identification
Legal formPrivate limited company
Founded30-08-2017
Financial year end31-12
Activities, NACEBEL 2025
43120Site preparation
43212Electrical installation work in industrial facilities
81300Landscape service activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0680578922
Also
9925:BE0680578922
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0680.578.922
Environmental permits
1 application in Flanders since 2023 · 1 granted
Een grond gebruiken, aanleggen of inrichten
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Meerhout · 1 establishment unit since 2017
Ground area
2,315 m²
Building footprint
131 m²
Building volume
876 m³
Parcel 13021B0705/00C000, Flanders · tallest building 9.3 m. Linked by address, not a title deed.
1 establishment unit
Mathibo
since 2017unit no. 2.267.873.955
1 parcel
Flanders
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13021B0705/00C000 | Flanders | 2,315 m² | 1 · 131 m² | 9.3 m · 2 |
How the parcels are linked
Good to know
The parcel matches the address exactly.
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Elektrotechnische installatiewerken aan gebouwen; Vervaardiging van gesmede werkstukken van metaal voor rekening van derden…” (deed in Dutch)
44 activities (deed in Dutch)
- Elektrotechnische installatiewerken aan gebouwen
- Vervaardiging van gesmede werkstukken van metaal voor rekening van derden
- Oppervlaktebehandeling van metalen
- Vervaardiging van elektromotoren en van elektrische generatoren en transformatoren
- Onderhouds en herstellingswerken van mechanische aard voor rekening van derden
- Reparatie van elektrische apparatuur
- Installatie van industriële machines,toestellen en werktuigen
- Onderneming voor de installatie van hulpvoedingssystemen (generatoraggregaten)
- Bouw van autowegen,straten en andere wegen en paden voor voertuigen en voetgangers (inclusief het plaatsen van vangrails)
- Aanleg van leidingen voor het vervoer en distributie van elektrische energie
- Onderneming voor de installatie van elektrische bedrading en toebehoren
- Onderneming voor de installatie van bewakingssystemen en alarminstallaties tegen diefstal
- Elektrotechnische installatiewerken,uitgezonderd aan gebouwen
- Aanbrengen in gebouwen en andere bouwwerken van : thermische isolatiemateriaal - isolatiemateriaal tegen geluid en trillingen
- Overige bouwinstallatie,n.e.g.
- Installatie van lichtreclames en uithangborden
- Overige werkzaamheden in verband met de afwerking van gebouwen,n.e.g
- Gevelreiniging door middel van zandstralen,met behulp van stoom,enz.
- Onderneming voor het uitvoeren van voegwerken
- Handelsbemiddeling in goederen,algemeen assortiment
- Snoeien van bomen en heggen
- Aanleggen en onderhouden van tuinen,parken en het groene gedeelte van sportvelden
- Gespecialiseerde beeld,verlichtings- en geluidstechnieken
- Grondwerken
- Afbraakwerken
- Renovatie
- Algemene aanneming
- Kraanmachinist
- Evenementen verzorgen
- Verhuur van licht en geluid
- Verhuur feestmateriaal
- Algemene coördinatiewerkzaamheden bouwwerf (4120122)
- Bouw van rioleringen (42212)
- Uitvoeren van baggerwerken (4291101)
- Ruimen van waterlopen,sloten,enz.( 4291102)
- Waterbouw,m.u.v. baggerwerken (42919)
- Aanleg van havens (inclusief jachthavens) en dokken (4291901)
- Aanleg van dammen en dijken (4291902)
- Aanleg van kanalen en andere waterwegen (4291903)
- Bouw van sluizen,zwaaikommen,enz. (4291904)
- Bouw van bezinkbekkens en andere constructies ten behoeve van de waterzuivering (4291905)
- Slopen van gebouwen en andere bouwwerken (4311001)
- Uitvoeren van horizontale boringen voor het leggen van kabels en kanalisaties (4313002)
- Chapewerken (4399601)
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Mathibo
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Bestuursorgaan, natuurlijke personen of rechtspersonen” (deed in Dutch)“Alle handelingen nodig of nuttig voor verwezenlijking voorwerp, wet of statuten aan algemene vergadering voorbehouden” (deed in Dutch)“Vergoeding bestuurders, al dan niet ten kosteloze titel” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Monday of June at 19:00