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Complete company report
Generated 11-07-2026
Active BE 0444.956.915Public limited company

MATHIE

Blekerijstraat 37 ·9700 Oudenaarde, Belgium· 34 yrs active
Conclusion Checked

The computed 12-month bankruptcy probability of MATHIE is 0.5% (low). The 2025 annual accounts show equity of €139k and a net result of €12k. Equity is shrinking by ~2.7% per year across the filed fiscal years. The company has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 8 annual accounts.
Key figures
Equity €139k
Net result €12k
Active 34 yrs
Locations 1
Snowflake analysis 5 axes · computed by Checked
Health61Profitability42Solvency68Growth32Stability100
61 / 100

Strong profile, led by stability.

Health 61
Profitability 42
Solvency 68
Growth 32
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
0.5% Low
0%0,5%1,5%4%10%≥25%
No NACE activity registered +Long track record −Lower-risk legal form −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
Long-established
Founded in 1991, 34 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2025 · computed
61 / 100 Healthy
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 08-04-2026 with the NBB · fiscal year 2025 · micro
€-20k€0€20k€40kOperating result 2021: €-11k€-11kNet result 2021: €-12k€-12kOperating result 2022: €-6k€-6kNet result 2022: €-11k€-11kOperating result 2023: €-966€-966Net result 2023: €-9k€-9kOperating result 2024: €35k€35kNet result 2024: €24k€24kOperating result 2025: €20k€20kNet result 2025: €12k€12k20212022202320242025
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining Equity: declining trend of ~2.7%/year over 8 fiscal years, indicative, assuming unchanged policy.
€80k€100k€120k€140k2026: €115k (€103k - €128k)2027: €112k (€92k - €132k)2028: €109k (€81k - €137k)2018: €144k2019: €145k2020: €136k2021: €123k2022: €112k2023: €103k2024: €127k2025: €139k20182019202020212022202320242025202620272028
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

EBITDA
€27k
-35.7% 18-25
Net profit
€12k
-51.0% 18-25
Cash flow
€19k
-38.8% 18-25
Total assets
€268k
-3.6% 18-25
Equity
€139k
+9.2% 18-25
Working capital
€-28k
+9.9% 18-25
Income taxes
€0
- 18-25
Debt
€129k
-14.3% 18-25
Debt ≤ 1y
€109k
-5.9% 18-25
Debt > 1y
€12k
-53.1% 18-25
Current ratio
0.75
+1.5% 18-25
Quick ratio
0.75
+1.5% 18-25
Solvency
51.7%
+13.3% 18-25
Debt / equity
0.93
-21.6% 18-25
ROE
8.4%
-55.1% 18-25
ROA
4.4%
-49.2% 18-25
Interest coverage
3.08
-23.1% 18-25
Figures by fiscal year
Fiscal year2025
Revenue-
EBITDA€27k
Net profit€12k
Cash flow€19k
Staff costs-
Income taxes€0
Dividends-
Total assets€268k
Equity€139k
Debt€129k
of which ≤ 1y€109k
of which > 1y€12k
Working capital€-28k
Employees (FTE)-
Ratios (computed)
2025
Current ratio0.75
Quick ratio0.75
Working capital ratio-10.3%
Solvency51.7%
Debt / equity0.93
Long-term debt ratio0.09
Interest coverage3.08
Gross margin-
Net margin-
ROA4.4%
ROE8.4%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet, Assets
TOTAL ASSETS 20/58€268k
Fixed assets 21/28€187k
Tangible fixed assets 22/27€187k
Current assets 29/58€81k
Amounts receivable within one year 40/41€6k
Cash & bank 54/58€74k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€268k
Equity 10/15€139k
Contributions / capital 10/11€119k
Reserves 13€12k
Accumulated profits (losses) 14€8k
Amounts payable 17/49€129k
Amounts payable after one year 17€12k
Amounts payable within one year 42/48€109k
Trade debts payable within one year 44€3k
Income statement
Gross operating margin 9900€34k
Operating result 9901€20k
Financial income 75€457
Financial charges 65€9k
Result before taxes 9903€12k
Income taxes 67/77€0
Net result for the period 9904€12k
Result to be appropriated 9905€12k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary -
Legal form Public limited company(014)
Incorporation29-08-1991
StatusActive
Postal code9700
Establishment units 1 location
Dorpsstraat(STE) 8, 9190 Stekene
Detailhandel in bovenkleding voor dames
since 19912.054.321.824
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
46024A0746/00D000 Flanders 660 m² 1 · 134 m² 11.8 m · 3 fl.
45035A0105/00H003 Flanders 175 m² 1 · 90 m² 11.7 m · 2 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 12 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026
08-04-2026
NBB filing Annual accounts filed
fiscal year 2025 · micro
2025
24-04-2025
NBB filing Annual accounts filed
fiscal year 2024 · micro
2024
15-04-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
04-03-2024
State Gazette act Registered-office change
2023
19-04-2023
NBB filing Annual accounts filed
fiscal year 2022 · micro
2022
22-12-2022
State Gazette act Director changes
12-04-2022
NBB filing Annual accounts filed
fiscal year 2021 · micro
2021
16-04-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
2020
14-04-2020
NBB filing Annual accounts filed
fiscal year 2019 · micro
2019
09-04-2019
NBB filing Annual accounts filed
fiscal year 2018 · micro
2018
13-04-2018
NBB filing Annual accounts filed
fiscal year 2017 · micro
2017
21-04-2017
NBB filing Annual accounts filed
fiscal year 2016 · verkort
Belgisch Staatsblad, acts 2 acts
Address history · 1
04-03-2024
Registered-office move
All acts · 2 updated 2 years ago
2024
04-03-2024 Registered office moved from Stekene to Oudenaarde Registered-office change
  • Dorpsstraat 8 - 9190 Stekene → Blekerijstraat 37 te 9700 Oudenaarde
Technical details 
{
  "events": [
    {
      "kind": "zetel_transfer",
      "seat_type": "siege_social",
      "new_address": {
        "raw": "Blekerijstraat 37 te 9700 Oudenaarde",
        "city": "Oudenaarde",
        "region": "vlaams_gewest",
        "street": "Blekerijstraat",
        "country": "BE",
        "postcode": "9700",
        "box_number": null,
        "street_number": "37",
        "locality_suffix": null
      },
      "old_address": {
        "raw": "Dorpsstraat 8 - 9190 Stekene",
        "city": "Stekene",
        "region": "vlaams_gewest",
        "street": "Dorpsstraat",
        "country": "BE",
        "postcode": "9190",
        "box_number": null,
        "street_number": "8",
        "locality_suffix": null
      },
      "effective_date": null,
      "evidence_quote": "",
      "region_changed": false,
      "is_statute_change": true,
      "nationality_change": false,
      "old_address_source": "header_volledig_adres",
      "statute_clause_text": null,
      "statute_article_number": null,
      "effective_date_qualifier": "immediate",
      "statutaire_vs_werkelijke": null,
      "linguistic_region_changed": false,
      "court_jurisdiction_changed": false,
      "effective_date_is_approximate": false
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2024-03-04",
    "filing_date": "2024-02-22",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decision": {
    "body": "algemene_vergadering",
    "date": "2024-01-01",
    "unanimous": null
  },
  "subject_company": {
    "kbo": "0444.956.915",
    "name_full": "MATHIE",
    "legal_form": "NV",
    "_kbo_filled_from_list": true
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Leone THIERENS",
    "org_rep_person_name": null,
    "person_role_at_subject": "Gedelegeerd bestuurder"
  },
  "co_filed_documents": []
}
2022
22-12-2022 4 directors appointed, 2 resigning Director changes
  • Leona Thierens, Bestuurder
  • Pieter Maes, Bestuurder
  • Leona Thierens, Gedelegeerd bestuurder
  • Leona Thierens, Voorzitter
  • Marie-Louise THIERENS, Gedelegeerd bestuurder
  • Herman Van Vlierberghe, Bestuurder
Technical details 
{
  "events": [
    {
      "kind": "director_out",
      "role": "gedelegeerd_bestuurder",
      "person": {
        "rrn": null,
        "name": "Marie-Louise THIERENS",
        "address": "8300 Knokke, Van Bunnenlaan 56 bus 22",
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": "death",
      "subkind": null,
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": "2022-06-09",
      "evidence_quote": "mevrouw Marie-Louise THIERENS, wonende te 8300 Knokke, Van Bunnenlaan 56 bus 22 op 09/06/2022 is overleden en haar mandaat als gedelegeerd bestuurder op deze datum werd be\u00EBindigd.",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "director_out",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Herman Van Vlierberghe",
        "address": "8300 Knokke, Van Bunnenlaan 56 bus 22",
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": "decharge_granted",
      "subkind": null,
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "De vergadering neemt kennis van het ontslag als bestuurder van de heer Herman Van Vlierberghe, wonende te 8300 Knokke, Van Bunnenlaan 56 bus 22, waarvoor hem kwijting wordt gegeven.",
      "decharge_status": "granted",
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Leona Thierens",
        "address": "9170 Sint-Gillis-Waas, Wijnstraat 19",
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      },
      "reason": null,
      "subkind": null,
      "via_org": null,
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      "compensated": null,
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      "evidence_quote": "Op unanieme wijze werd beslist te benoemen tot bestuurder voor een periode van zes jaar: - Leona Thierens, wonende te 9170 Sint-Gillis-Waas, Wijnstraat 19",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "n_years",
        "value": "6"
      },
      "rep_rotation_new_rep": null,
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    },
    {
      "kind": "director_in",
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      "person": {
        "rrn": null,
        "name": "Pieter Maes",
        "address": "9700 Oudenaarde, Blekerijstraat 37",
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": null,
      "via_org": null,
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      "compensated": null,
      "effective_date": null,
      "evidence_quote": "Op unanieme wijze werd beslist te benoemen tot bestuurder voor een periode van zes jaar: - Pieter Maes, wonende te 9700 Oudenaarde, Blekerijstraat 37",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "n_years",
        "value": "6"
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
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    },
    {
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      },
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      "compensated": null,
      "effective_date": null,
      "evidence_quote": "Op unanieme wijze werd beslist te benoemen tot Gedelegeerd bestuurder en voorzitter van de Raad van Bestuur: - Leona Thierens, wonende te 9170 Sint-Gillis-Waas, Wijnstraat 19",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "until_agm_year",
        "value": "2028"
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "director_in",
      "role": "voorzitter",
      "person": {
        "rrn": null,
        "name": "Leona Thierens",
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        "birth_place": null
      },
      "reason": null,
      "subkind": null,
      "via_org": null,
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      "compensated": null,
      "effective_date": null,
      "evidence_quote": "Op unanieme wijze werd beslist te benoemen tot Gedelegeerd bestuurder en voorzitter van de Raad van Bestuur: - Leona Thierens, wonende te 9170 Sint-Gillis-Waas, Wijnstraat 19",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "until_agm_year",
        "value": "2028"
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": "Gent",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": null,
    "filing_date": "2022-12-12",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
    {
      "body": "raad_van_bestuur",
      "date": "2022-06-10",
      "unanimous": null
    },
    {
      "body": "bijzondere_algemene_vergadering",
      "date": "2022-06-10",
      "unanimous": null
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0444.956.915",
    "name_full": null,
    "legal_form": "NV"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Leona Thierens",
    "org_rep_person_name": null,
    "person_role_at_subject": "Gedelegeerd bestuurder"
  },
  "co_filed_documents": [],
  "corrected_publication_numac": null
}
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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Names & trade names
Legal nameNL MATHIE
Registered office
Blekerijstraat 37
9700 Oudenaarde, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative