Financials
- Fiscal year
- 2025
- Total assets
- €886,836
- Profit
- €238,444
- Solvency
- 18.6%
Total assets▼ 22.3%
Net result
20192025
MATHIEU
ActiveSummary
The computed 12-month bankruptcy probability of MATHIEU is 1.9% (moderate). The 2025 annual accounts show equity of €165,218 and a net result of €238,444. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 24% of 2053 sector peers (fiscal year 2025). The company has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
Freight transport by road
NACE 49410Construction of roads and motorways NACE 42110NACE 60242
#1 company by staff growth in the province of Antwerp, Transport and storage sector1 site
Size
€886,836total assets 2025
- Staff
- 42.8 FTE
- Equity
- €165,218
- Profit
- €238,444
Turnover not published (abridged schema)
Structure
- Parent
- FRAMAKO · 99%
Accounts 7 d early0 of 8 deeds read
Why 55- Liquidity: current ratio 1.22, cash €1,905- Sector Land transport and transport via pipelines (NACE 49)- Equity €165,218 (18.6% of total assets)- Size: 42.8 FTE, total assets €886,836Show the evidence
Checked score
Score 2025
55
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 53% of its sector peers (NACE 49, small)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Average
Solvency
44+8
equity 18.6% of total assets
Liquidity
6+5
short-term debt 81.4% · cash 0.2%
Profitability
100=
return on assets 26.9%
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 4 months
07-2026: 1.6%
08-2026: 1.6%▲ +0.2% vs 07-2026
09-2026: 1.6%▼ -0.8% vs 08-2026lowest value
10-2026: 1.9%▲ +18.4% vs 09-2026highest value
- Liquidity: current ratio 1.22, cash €1,905 raises the probability
- Sector Land transport and transport via pipelines (NACE 49) raises the probability
- Equity €165,218 (18.6% of total assets) raises the probability
- Size: 42.8 FTE, total assets €886,836 raises the probability for this profile
Credit up to €9,000 at 30 days acceptable
Liquidity tight (current ratio 1.22 against 1.12 in 2024; short-term debt: 81.4% and cash: 0.2% of total assets), and 81.4% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 49, small). Better than this share of them on solvency 22%, liquidity 3%, profitability 99%, growth against the median 86%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 2053 sector peers (2025).
NBB · sector comparisonPosition among 2053 sector peers
Solvency
better than 24%
← weakest
strongest →
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 €165,218
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 24-10-2025, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
on the day
2023
4 d early
2022
2 d late
2021
1 d early
2020
30 d late
2019
1 d 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 3 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 30 October (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close02-10-2026 today31-10-2026 deadline
- Annual accounts filedfiscal year 2025 · abbreviated…
- Equity above €150,000Eq €165,218 ▲30.3%
- Annual accounts filedfiscal year 2024 · abbreviated…
Key points
- Positive: Company by staff growth in the province of…in the Checked rankings #1 View
- Controlled by FRAMAKO 99% View
- Caution: Result fell in 2025from €382,223 to €238,444 ▼ 37.6% View
- Positive: 7 profitable years in a rowprofit 2025: €238,444 7 years View
- Active since 1968founded 01-01-1968 58 years View
By topic
Board & ownership
- Parent
- FRAMAKO · 99%
Timeline
- Events
- 13
- Since
- 2016
- Next accounts
- by 31-10-2026
- 24-10-2025Annual accounts filed
- 31-03-2025Equity above €150,000
- 31-10-2024Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Freight transport by roadNACE 49410
- Founded
- 01-01-1968
- Year ends
- 31-03
- Peppol
- Reachable for e-invoices
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