MATHICH
ActiveSummary
MATHICH has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.23M and a net result of €149k. Equity remains stable across the filed fiscal years (±1.8% per year). Its solvency ranks better than 95% of 12738 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▲+3
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity ample (current ratio 35.29 against 7.72 in 2024; short-term debt: 2.8% and cash: 8.9% of total assets), and 2.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
97.2%
Return on assets
11.8%
Age of the figures
15 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €1.23M
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 26-12-2025, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
36 d early
2024
32 d early
2023
42 d early
2022
1 d early
2021
on the day
2020
2 d early
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1.23M▲ 13.8%
2024 · €1.08M
2019: €1.32M
2020: €1.35M▲ +2.0% vs 2019
2021: €1.35M▲ +0.2% vs 2020
2022: €1.48M▲ +9.3% vs 2021highest in 7 years
2023: €1.10M▼ -25.6% vs 2022
2024: €1.08M▼ -1.7% vs 2023lowest in 7 years
2025: €1.23M▲ +13.8% vs 2024
2019 → 2025
Total assets
€1.27M▲ 1.6%
2024 · €1.25M
2019: €1.34M
2020: €1.41M▲ +4.7% vs 2019
2021: €1.38M▼ -1.9% vs 2020
2022: €1.59M▲ +15.3% vs 2021highest in 7 years
2023: €1.17M▼ -26.7% vs 2022lowest in 7 years
2024: €1.25M▲ +6.8% vs 2023
2025: €1.27M▲ +1.6% vs 2024
2019 → 2025
Net result
€149k▲ 33.4%
2024 · €112k
2019: €3klowest in 7 years
2020: €27k▲ +839% vs 2019
2021: €88k▲ +228% vs 2020
2022: €126k▲ +43.7% vs 2021
2023: €122k▼ -2.9% vs 2022
2024: €112k▼ -8.4% vs 2023
2025: €149k▲ +33.4% vs 2024highest in 7 years
2019 → 2025
Working capital
€1.20M▲ 14.2%
2024 · €1.05M
2019: €1.28M
2020: €1.31M▲ +2.8% vs 2019
2021: €1.31M● -0.0% vs 2020
2022: €1.45M▲ +10.6% vs 2021highest in 7 years
2023: €1.07M▼ -26.1% vs 2022
2024: €1.05M▼ -1.7% vs 2023lowest in 7 years
2025: €1.20M▲ +14.2% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.35M-€1.48M▲ 9.3%€1.10M▼ 25.6%€1.08M▼ 1.7%€1.23M▲ 13.8%
2021: €1.35M
2022: €1.48M▲ +9.3% vs 2021highest in 5 years
2023: €1.10M▼ -25.6% vs 2022
2024: €1.08M▼ -1.7% vs 2023lowest in 5 years
2025: €1.23M▲ +13.8% vs 2024
Operating result€132k-€200k▲ 51.9%€170k▼ 15.0%€160k▼ 5.8%€196k▲ 22.0%
2021: €132klowest in 5 years
2022: €200k▲ +51.9% vs 2021highest in 5 years
2023: €170k▼ -15.0% vs 2022
2024: €160k▼ -5.8% vs 2023
2025: €196k▲ +22.0% vs 2024
Net result€88k-€126k▲ 43.7%€122k▼ 2.9%€112k▼ 8.4%€149k▲ 33.4%
2021: €88klowest in 5 years
2022: €126k▲ +43.7% vs 2021
2023: €122k▼ -2.9% vs 2022
2024: €112k▼ -8.4% vs 2023
2025: €149k▲ +33.4% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 22% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.27M
Fixed assets
€28k ▼ 23.8%
Current assets
€1.24M ▲ 2.3%
Equity and liabilities €1.27M
Equity
€1.23M ▲ 13.8%
Debt
€35k ▼ 78.7%
Debt's share of the balance-sheet total falls from 13.2% to 2.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€206k▲
2024 · €170k
Cash flow
€160k▲
2024 · €122k
Current ratio
35.29▲
2024 · 7.72
Debt to equity
0.03▼
2024 · 0.15
ROE
12.1%▲
2024 · 10.3%
ROA
11.8%▲
2024 · 9.0%
Interest coverage
33.16▼
2024 · 79.58
Debt ≤ 1 year
€35k▼
2024 · €157k
Income taxes
€67k▲
2024 · €49k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.25M€1.27M▲
Fixed assets21/28€37k€28k▼
Tangible fixed assets22/27€25k€16k▼
Land and buildings22€3k€960▼
Furniture and vehicles24€22k€16k▼
Financial fixed assets28€12k€12k=
Current assets29/58€1.21M€1.24M▲
Amounts receivable after more than one year29€700k€700k=
Other amounts receivable291€700k€700k=
Amounts receivable within one year40/41€264k€265k▲
Trade receivables40€73k€688▼
Other amounts receivable41€191k€264k▲
Current investments50/53€103k€150k▲
Cash at bank and in hand54/58€128k€113k▼
Deferred charges and accrued income490/1€15k€11k▼
Equity and liabilities
Total equity and liabilities10/49€1.25M€1.27M▲
Equity10/15€1.08M€1.23M▲
Contributions10/11€20k€20k=
Reserves13€1.06M€1.21M▲
Distributable reserves133€1.06M€1.21M▲
Amounts payable17/49€165k€35k▼
Amounts payable after more than one year17€8k-
Financial debts170/4€8k-
Amounts payable within one year42/48€157k€35k▼
Current portion of amounts payable after more than one year42€9k€8k▼
Trade debts44€9k€4k▼
Suppliers440/4€9k€4k▼
Taxes, remuneration and social security45€9k€23k▲
Taxes450/3€9k€23k▲
Other amounts payable47/48€130k€168▼
Income statement
Code20242025
Non-recurring operating income76A€5k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€10k▲
Other operating charges640/8€3k€2k▼
Non-recurring operating charges66A-€538
Gross operating margin9900€173k€208k▲
Operating profit (loss)9901€160k€196k▲
Financial income75/76B€3k€27k▲
Recurring financial income75€3k€27k▲
Financial charges65/66B€2k€6k▲
Recurring financial charges65€2k€6k▲
Profit (loss) for the period before taxes9903€161k€217k▲
Income taxes67/77€49k€67k▲
Profit (loss) for the period9904€112k€149k▲
Profit (loss) for the period to be appropriated9905€112k€149k▲
Appropriation of the result
Profit (loss) to be appropriated9906€112k€149k▲
Transfer from equity791/2€130k-
Transfer to equity691/2€112k€149k▲
To other reserves6921€112k€149k▲
Profit to be distributed694/7€130k-
Return on contributions (dividend)694€130k-
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €5k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11k | €12k | €10k | €10k | €10k | ▲ 1.3% |
| Other operating charges640/8 | - | €2k | €3k | €3k | €2k | ▼ 42.8% |
| Non-recurring operating charges66A | - | €4k | €0 | - | €538 | - |
| Gross operating margin9900 | €145k | €219k | €183k | €173k | €208k | ▲ 20.0% |
| Operating profit (loss)9901 | €132k | €200k | €170k | €160k | €196k | ▲ 22.0% |
| Financial income75/76B | - | €229 | €9k | €3k | €27k | ▲ 954% |
| Recurring financial income75 | €356 | €229 | €9k | €3k | €27k | ▲ 954% |
| Financial charges65/66B | - | €240 | €2k | €2k | €6k | ▲ 190% |
| Recurring financial charges65 | €320 | €240 | €2k | €2k | €6k | ▲ 190% |
| Profit (loss) for the period before taxes9903 | €132k | €200k | €178k | €161k | €217k | ▲ 34.8% |
| Income taxes67/77 | €44k | €74k | €55k | €49k | €67k | ▲ 38.0% |
| Profit (loss) for the period9904 | €88k | €126k | €122k | €112k | €149k | ▲ 33.4% |
| Transfer from tax-exempt reserves789 | - | €93k | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €134k | €219k | €122k | €112k | €149k | ▲ 33.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.38M | €1.59M | €1.17M | €1.25M | €1.27M | ▲ 1.6% |
| Fixed assets21/28 | €43k | €55k | €46k | €37k | €28k | ▼ 23.8% |
| Tangible fixed assets22/27 | €31k | €43k | €34k | €25k | €16k | ▼ 35.1% |
| Land and buildings22 | - | €8k | €6k | €3k | €960 | ▼ 71.4% |
| Furniture and vehicles24 | - | €35k | €28k | €22k | €16k | ▼ 29.5% |
| Financial fixed assets28 | €12k | €12k | €12k | €12k | €12k | = |
| Current assets29/58 | €1.34M | €1.54M | €1.12M | €1.21M | €1.24M | ▲ 2.3% |
| Amounts receivable after more than one year29 | - | - | €700k | €700k | €700k | = |
| Other amounts receivable291 | - | - | €700k | €700k | €700k | = |
| Amounts receivable within one year40/41 | €477k | €1.27M | €235k | €264k | €265k | ▲ 0.3% |
| Trade receivables40 | - | €280k | €227k | €73k | €688 | ▼ 99.1% |
| Other amounts receivable41 | - | €991k | €9k | €191k | €264k | ▲ 38.5% |
| Current investments50/53 | €195k | €177k | €183k | €103k | €150k | ▲ 45.8% |
| Cash at bank and in hand54/58 | €1k | €85k | €2k | €128k | €113k | ▼ 12.3% |
| Deferred charges and accrued income490/1 | - | €5k | €2k | €15k | €11k | ▼ 26.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.38M | €1.59M | €1.17M | €1.25M | €1.27M | ▲ 1.6% |
| Equity10/15 | €1.35M | €1.48M | €1.10M | €1.08M | €1.23M | ▲ 13.8% |
| Contributions10/11 | - | €20k | €20k | €20k | €20k | = |
| Reserves13 | €1.33M | €1.46M | €1.08M | €1.06M | €1.21M | ▲ 14.1% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Tax-exempt reserves132 | - | €0 | - | - | - | - |
| Distributable reserves133 | - | €1.46M | €1.08M | €1.06M | €1.21M | ▲ 14.1% |
| Profit (loss) carried forward14 | - | €0 | €0 | - | - | - |
| Amounts payable17/49 | €27k | €113k | €67k | €165k | €35k | ▼ 78.7% |
| Amounts payable after more than one year17 | - | €26k | €17k | €8k | - | - |
| Financial debts170/4 | - | €26k | €17k | €8k | - | - |
| Amounts payable within one year42/48 | €27k | €87k | €50k | €157k | €35k | ▼ 77.6% |
| Current portion of amounts payable after more than one year42 | - | €8k | €8k | €9k | €8k | ▼ 5.2% |
| Trade debts44 | €2k | €11k | €3k | €9k | €4k | ▼ 55.7% |
| Suppliers440/4 | - | €11k | €3k | €9k | €4k | ▼ 55.7% |
| Taxes, remuneration and social security45 | - | €68k | €24k | €9k | €23k | ▲ 163% |
| Taxes450/3 | - | €68k | €24k | €9k | €23k | ▲ 163% |
| Other amounts payable47/48 | - | - | €15k | €130k | €168 | ▼ 99.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €88k | €126k | €122k | €112k | €149k | ▲ 33.4% |
| + Depreciation and write-downs630 | €11k | €12k | €10k | €10k | €10k | ▲ 1.3% |
| Operating cash flow (approximation) | €98k | €138k | €132k | €122k | €160k | ▲ 30.8% |
| Investment in fixed assets (approximation) | - | €-25k | €0 | €-2k | €-1k | ▲ 23.6% |
| Change in cash | - | €84k | €-83k | €127k | €-16k | ▼ 112% |
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
2025
26-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Highest result since 2019net €149k ▲33.4%
Net result €149k, the highest in the series.
30-06
Financial
Liquidity times 5current ratio 35.29
Current ratio from 7.72 to 35.29; short-term debt falls from €157k to €35k.
2024
30-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
20-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Liquidity doublescurrent ratio 49.69
Current ratio from 24.14 to 49.69; short-term debt falls from €57k to €27k.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Wemmel · 1 establishment unit since 2000
Ground area
2,506 m²
Building footprint
363 m²
Volume, LiDAR
2,134 m³
Parcel 22005A0289/00W000, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
VERSCHUERE ORTWIN
since 20002.242.161.829
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22005A0289/00W000 | Flanders | 2,506 m² | 1 · 363 m² | 9.6 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 1,019 companies in sector 69103 we hold annual accounts for 611. 335 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
Founded01-12-2000
Fiscal year end30-06
Activities, NACEBEL 2025
69103Activities of bailiffs
Scores and ratios are computed by Checked and are not a credit decision.