MATHIEU SERVICES
ActiveSummary
MATHIEU SERVICES has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €68,546 and a net result of -€17,695. Equity is growing by ~59.2% per year across the filed fiscal years. Its solvency ranks better than 14% of 574 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability68▼-20
Solvency26▼-25
Growth78=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity short (current ratio 0.04 against 0.93 in 2023; short-term debt: 54.1% and cash: 0% of total assets), and 99% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95)
about 19% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
1%
Return on assets
-0.3%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 574 sector peers (2024).
NBB · sector comparisonPosition among 574 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-07-2025, 13 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
13 d early
2023
13 d early
2022
17 d early
2021
16 d early
2020
15 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 15 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
In the rankings
#2 company by total assets in Baelen
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€17,695
2023 · €51,420
Working capital
-€3.6m▼ 33,596%
2023 · -€10,582
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 95, Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€40,596-€13,324€34,186▲ 157%€62,916▲ 84.0%-€13,195
Net result-€44,867below the sector's middle half-€9,294within the sector's middle half€30,394above the sector's middle half▲ 227%€51,420above the sector's middle half▲ 69.2%-€17,695below the sector's middle half
Equity-€4,867below the sector's middle half-€4,427below the sector's middle half€34,821within the sector's middle half▲ 687%€86,241within the sector's middle half▲ 148%€68,546below the sector's middle half▼ 20.5%
Total assets€299,877within the sector's middle half-€297,879within the sector's middle half▼ 0.7%€298,662within the sector's middle half▲ 0.3%€337,889above the sector's middle half▲ 13.1%€6.9mabove the sector's middle half▲ 1,940%
Debt€304,744-€293,452▼ 3.7%€263,841▼ 10.1%€251,648▼ 4.6%€6.8m▲ 2,612%
Working capital-€74,061below the sector's middle half--€72,089below the sector's middle half▲ 2.7%-€58,843below the sector's middle half▲ 18.4%-€10,582within the sector's middle half▲ 82.0%-€3.6mbelow the sector's middle half▼ 33,596%
Solvency-1.6%below the sector's middle half-1.5%below the sector's middle half▲ 3.1pp11.7%within the sector's middle half▲ 10.2pp25.5%within the sector's middle half▲ 13.9pp1.0%below the sector's middle half▼ 24.5pp
Current ratio0.44below the sector's middle half-0.51below the sector's middle half▲ 0.070.60below the sector's middle half▲ 0.080.93within the sector's middle half▲ 0.330.04below the sector's middle half▼ 0.89
Return on assets (ROA)-15.0%below the sector's middle half-3.1%within the sector's middle half▲ 18.1pp10.2%within the sector's middle half▲ 7.1pp15.2%above the sector's middle half▲ 5.0pp-0.3%below the sector's middle half▼ 15.5pp
Staff (FTE)1.6within the sector's middle half-2.3▲ 43.8%2.7▲ 17.4%2▼ 25.9%2below the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 95, Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €13,195 after €62,916 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €6.9m
Fixed assets
€6.7m ▲ 3,405%
Current assets
€161,579 ▲ 11.6%
Equity and liabilities €6.9m
Equity
€68,546 ▼ 20.5%
Debt
€6.8m ▲ 2,612%
Debt's share of the balance-sheet total rises from 74.5% to 99.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€33,120▼
2023 · €100,650
Cash flow
€28,620▼
2023 · €89,154
Quick ratio
0.02▼
2023 · 0.63
Debt to equity
99.56▲
2023 · 2.92
ROE
-25.8%▼
2023 · 59.6%
Interest coverage
8.28▼
2023 · 33.99
Debt ≤ 1 year
€3.7m▲
2023 · €155,377
Debt > 1 year
€3.1m▲
2023 · €80,383
Income taxes
€498▼
2023 · €8,537
Staff costs
€210,833▲
2023 · €174,382
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €169,433 | €163,163 | €174,382 | €210,833 | ▲ 20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,929 | €35,744 | €41,690 | €37,734 | €46,315 | ▲ 22.7% |
| Other operating charges640/8 | - | €9,816 | €9,768 | €2,127 | €3,210 | ▲ 50.9% |
| Gross operating margin9900 | €98,924 | €228,316 | €248,807 | €277,159 | €247,164 | ▼ 10.8% |
| Operating profit (loss)9901 | -€40,596 | €13,324 | €34,186 | €62,916 | -€13,195 | ▼ 121% |
| Financial income75/76B | - | €2 | €1 | €2 | - | - |
| Recurring financial income75 | €10 | €2 | €1 | €2 | - | - |
| Financial charges65/66B | - | €3,922 | €3,682 | €2,961 | €4,002 | ▲ 35.1% |
| Recurring financial charges65 | €4,236 | €3,922 | €3,682 | €2,961 | €4,002 | ▲ 35.1% |
| Profit (loss) for the period before taxes9903 | -€44,821 | €9,404 | €30,506 | €59,956 | -€17,196 | ▼ 129% |
| Income taxes67/77 | €45 | €110 | €112 | €8,537 | €498 | ▼ 94.2% |
| Profit (loss) for the period9904 | -€44,867 | €9,294 | €30,394 | €51,420 | -€17,695 | ▼ 134% |
| Profit (loss) for the period to be appropriated9905 | -€44,867 | €9,294 | €30,394 | €51,420 | -€17,695 | ▼ 134% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €299,877 | €297,879 | €298,662 | €337,889 | €6.9m | ▲ 1,940% |
| Formation expenses20 | €3,716 | €2,831 | €1,947 | €1,062 | €177 | ▼ 83.3% |
| Fixed assets21/28 | €238,072 | €218,844 | €209,295 | €192,032 | €6.7m | ▲ 3,405% |
| Intangible fixed assets21 | €440 | €232 | €23 | €0 | €0 | - |
| Tangible fixed assets22/27 | €237,632 | €214,781 | €203,120 | €185,880 | €225,367 | ▲ 21.2% |
| Plant, machinery and equipment23 | - | €168,798 | €155,027 | €147,577 | €132,541 | ▼ 10.2% |
| Furniture and vehicles24 | - | €22,735 | €21,191 | €12,129 | €66,556 | ▲ 449% |
| Other tangible fixed assets26 | - | €23,249 | €26,902 | €26,175 | €26,270 | ▲ 0.4% |
| Financial fixed assets28 | - | €3,831 | €6,152 | €6,152 | €6.5m | ▲ 105,653% |
| Current assets29/58 | €58,089 | €76,205 | €87,420 | €144,795 | €161,579 | ▲ 11.6% |
| Stocks and contracts in progress3 | €21,795 | €36,404 | €46,198 | €47,291 | €88,239 | ▲ 86.6% |
| Stocks30/36 | - | €36,404 | €46,198 | €47,291 | €88,239 | ▲ 86.6% |
| Amounts receivable within one year40/41 | €35,457 | €28,874 | €33,311 | €73,709 | €63,607 | ▼ 13.7% |
| Trade receivables40 | - | €21,666 | €19,023 | €61,877 | €30,864 | ▼ 50.1% |
| Other amounts receivable41 | - | €7,208 | €14,288 | €11,832 | €32,743 | ▲ 177% |
| Cash at bank and in hand54/58 | €0 | €8,889 | €6,269 | €17,501 | €718 | ▼ 95.9% |
| Deferred charges and accrued income490/1 | - | €2,037 | €1,641 | €6,294 | €9,014 | ▲ 43.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €299,877 | €297,879 | €298,662 | €337,889 | €6.9m | ▲ 1,940% |
| Equity10/15 | -€4,867 | €4,427 | €34,821 | €86,241 | €68,546 | ▼ 20.5% |
| Contributions10/11 | - | €40,000 | €40,000 | €40,000 | €40,000 | = |
| Reserves13 | - | - | - | €46,241 | €28,546 | ▼ 38.3% |
| Distributable reserves133 | - | - | - | €46,241 | €28,546 | ▼ 38.3% |
| Profit (loss) carried forward14 | -€44,867 | -€35,573 | -€5,179 | €0 | - | - |
| Amounts payable17/49 | €304,744 | €293,452 | €263,841 | €251,648 | €6.8m | ▲ 2,612% |
| Amounts payable after more than one year17 | €164,114 | €136,669 | €108,762 | €80,383 | €3.1m | ▲ 3,753% |
| Financial debts170/4 | - | €136,669 | €108,762 | €80,383 | €96,916 | ▲ 20.6% |
| Other amounts payable178/9 | - | - | - | - | €3.0m | - |
| Amounts payable within one year42/48 | €132,150 | €148,294 | €146,263 | €155,377 | €3.7m | ▲ 2,299% |
| Current portion of amounts payable after more than one year42 | - | €27,445 | €27,908 | €28,378 | €36,716 | ▲ 29.4% |
| Trade debts44 | €23,578 | €63,485 | €67,320 | €63,060 | €114,216 | ▲ 81.1% |
| Suppliers440/4 | - | €63,485 | €67,320 | €63,060 | €114,216 | ▲ 81.1% |
| Taxes, remuneration and social security45 | - | €36,044 | €30,075 | €42,979 | €56,423 | ▲ 31.3% |
| Taxes450/3 | - | €9,985 | €8,651 | €13,439 | €20,911 | ▲ 55.6% |
| Remuneration and social security454/9 | - | €26,059 | €21,424 | €29,540 | €35,512 | ▲ 20.2% |
| Other amounts payable47/48 | - | €21,320 | €20,960 | €20,960 | €3.5m | ▲ 16,694% |
| Accrued charges and deferred income492/3 | - | €8,489 | €8,817 | €15,888 | €209 | ▼ 98.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€44,867 | €9,294 | €30,394 | €51,420 | -€17,695 | ▼ 134% |
| + Depreciation and write-downs630 | €26,929 | €35,744 | €41,690 | €37,734 | €46,315 | ▲ 22.7% |
| Operating cash flow (approximation) | -€17,938 | €45,038 | €72,084 | €89,154 | €28,620 | ▼ 67.9% |
| Investment in fixed assets (approximation) | - | -€16,515 | -€32,142 | -€20,471 | -€6.6m | ▼ 32,071% |
| Change in cash | - | €8,889 | -€2,620 | €11,232 | -€16,783 | ▼ 249% |
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
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2020net €51,420 ▲69.2%
Operating result €62,916, net result €51,420, both a record.
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €9,294
Net result €9,294 after one loss-making year.
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Baelen · 1 establishment unit since 2020
Ground area
1.1 ha
Building footprint
1,549 m²
Volume, LiDAR
11,814 m³
Parcel 63004A0367/00G000, Wallonia · tallest building 8.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MATHIEU SERVICES
since 20202.297.814.687
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63004A0367/00G000 | Wallonia | 1.1 ha | 1 · 1,549 m² | 8.6 m · 3 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 1
-
98%
According to the 2024 annual accounts of MATHIEU SERVICES and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 497 companies in sector 95312 we hold annual accounts for 262. 153 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
Founded06-01-2020
Fiscal year end31-12
Activities, NACEBEL 2025
95312Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
95313Repair and fitting of specific motor vehicle parts
95315Tyre services
46720Wholesale of motor vehicle parts and accessories
52250Logistics services
68204Real estate activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0740800480
Also
9925:BE0740800480
Registered
25-11-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.