MATHILDA
ActiveSummary
MATHILDA has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €721k and a net result of €40k. Equity is growing by ~11% per year across the filed fiscal years. Its solvency ranks better than 86% of 3705 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▲+2
Solvency97▼-3
Growth52=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 1.8 against 1.8 in 2024; short-term debt: 28.4% and cash: 31.1% of total assets), and 28.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
71.6%
Return on assets
4%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-07-2026, 8 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
8 d early
2024
40 d late
2023
8 d early
2022
39 d early
2021
29 d late
2020
24 d late
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€721k▲ 0.1%
2024 · €721k
2018: €294klowest in 8 years
2019: €351k▲ +19.2% vs 2018
2020: €402k▲ +14.6% vs 2019
2021: €578k▲ +43.8% vs 2020
2022: €656k▲ +13.6% vs 2021
2023: €721k▲ +9.8% vs 2022
2024: €721k● 0.0% vs 2023
2025: €721k▲ +0.1% vs 2024highest in 8 years
2018 → 2025
Total assets
€1.01M▲ 4.4%
2024 · €965k
2018: €989k
2019: €902k▼ -8.8% vs 2018
2020: €852k▼ -5.5% vs 2019lowest in 8 years
2021: €1.07M▲ +25.3% vs 2020highest in 8 years
2022: €950k▼ -11.0% vs 2021
2023: €942k▼ -0.8% vs 2022
2024: €965k▲ +2.4% vs 2023
2025: €1.01M▲ +4.4% vs 2024
2018 → 2025
Net result
€40k▲ 53.6%
2024 · €26k
2018: €43k
2019: €57k▲ +30.5% vs 2018
2020: €51k▼ -9.5% vs 2019
2021: €176k▲ +244% vs 2020highest in 8 years
2022: €79k▼ -55.3% vs 2021
2023: €64k▼ -17.9% vs 2022
2024: €26k▼ -59.2% vs 2023lowest in 8 years
2025: €40k▲ +53.6% vs 2024
2018 → 2025
Working capital
€230k▲ 17.9%
2024 · €195k
2018: €12klowest in 8 years
2019: €52k▲ +321% vs 2018
2020: €106k▲ +103% vs 2019
2021: €253k▲ +140% vs 2020highest in 8 years
2022: €105k▼ -58.6% vs 2021
2023: €197k▲ +88.0% vs 2022
2024: €195k▼ -1.0% vs 2023
2025: €230k▲ +17.9% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€578k-€656k▲ 13.6%€721k▲ 9.8%€721k=€721k▲ 0.1%
2021: €578klowest in 5 years
2022: €656k▲ +13.6% vs 2021
2023: €721k▲ +9.8% vs 2022
2024: €721k● 0.0% vs 2023
2025: €721k▲ +0.1% vs 2024highest in 5 years
Operating result€227k-€110k▼ 51.7%€86k▼ 21.3%€40k▼ 54.1%€49k▲ 23.0%
2021: €227khighest in 5 years
2022: €110k▼ -51.7% vs 2021
2023: €86k▼ -21.3% vs 2022
2024: €40k▼ -54.1% vs 2023lowest in 5 years
2025: €49k▲ +23.0% vs 2024
Net result€176k-€79k▼ 55.3%€64k▼ 17.9%€26k▼ 59.2%€40k▲ 53.6%
2021: €176khighest in 5 years
2022: €79k▼ -55.3% vs 2021
2023: €64k▼ -17.9% vs 2022
2024: €26k▼ -59.2% vs 2023lowest in 5 years
2025: €40k▲ +53.6% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 23% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.01M
Fixed assets
€491k ▼ 6.5%
Current assets
€516k ▲ 17.4%
Equity and liabilities €1.01M
Equity
€721k ▲ 0.1%
Debt
€286k ▲ 17.0%
Debt's share of the balance-sheet total rises from 25.3% to 28.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€115k▲
2024 · €105k
Cash flow
€106k▲
2024 · €91k
Current ratio
1.80▲
2024 · 1.80
Quick ratio
1.57▼
2024 · 1.57
Debt to equity
0.40▲
2024 · 0.34
ROE
5.6%▲
2024 · 3.7%
ROA
4.0%▲
2024 · 2.7%
Interest coverage
9.11▼
2024 · 17.95
Debt ≤ 1 year
€286k▲
2024 · €244k
Income taxes
€538▼
2024 · €8k
Staff costs
€725k▼
2024 · €771k
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 · 58 lines
Balance sheet
Code20242025
Assets
Total assets20/58€965k€1.01M▲
Fixed assets21/28€526k€491k▼
Intangible fixed assets21-€6k
Tangible fixed assets22/27€526k€485k▼
Plant, machinery and equipment23€40k€36k▼
Furniture and vehicles24€32k€26k▼
Other tangible fixed assets26€453k€423k▼
Current assets29/58€439k€516k▲
Stocks and contracts in progress3€56k€67k▲
Stocks30/36€56k€67k▲
Amounts receivable within one year40/41€82k€116k▲
Trade receivables40€14k€30k▲
Other amounts receivable41€68k€86k▲
Cash at bank and in hand54/58€287k€313k▲
Deferred charges and accrued income490/1€14k€19k▲
Equity and liabilities
Total equity and liabilities10/49€965k€1.01M▲
Equity10/15€721k€721k▲
Contributions10/11€21k€21k=
Reserves13€700k€700k▲
Distributable reserves133€700k€700k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€244k€286k▲
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€244k€286k▲
Current portion of amounts payable after more than one year42€22k€0▼
Trade debts44€71k€118k▲
Suppliers440/4€71k€118k▲
Advances received on contracts in progress46€30k€33k▲
Taxes, remuneration and social security45€67k€62k▼
Taxes450/3€18k€15k▼
Remuneration and social security454/9€49k€46k▼
Other amounts payable47/48€54k€73k▲
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Non-recurring operating income76A€22k€0▼
Remuneration, social security and pensions62€771k€725k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€65k€66k▲
Other operating charges640/8€20k€3k▼
Non-recurring operating charges66A-€524
Gross operating margin9900€896k€843k▼
Operating profit (loss)9901€40k€49k▲
Financial income75/76B€213€5k▲
Recurring financial income75€213€5k▲
Non-recurring financial income76B€0-
Financial charges65/66B€6k€13k▲
Recurring financial charges65€6k€13k▲
Profit (loss) for the period before taxes9903€34k€41k▲
Income taxes67/77€8k€538▼
Profit (loss) for the period9904€26k€40k▲
Profit (loss) for the period to be appropriated9905€26k€40k▲
Appropriation of the result
Profit (loss) to be appropriated9906€221k€40k▼
Profit (loss) brought forward from the previous period14P€194k€0▼
Transfer to equity691/2€194k€456▼
To other reserves6921€194k€456▼
Profit to be distributed694/7€26k€40k▲
Return on contributions (dividend)694€26k€0▼
Directors or managers695-€40k
Social balance
Average headcount (FTE)908711.511.0▼
The notes to these accounts (15 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 | - | €15k | - | €22k | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €431k | €563k | €700k | €771k | €725k | ▼ 6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €54k | €53k | €60k | €65k | €66k | ▲ 1.2% |
| Other operating charges640/8 | €15k | €14k | €14k | €20k | €3k | ▼ 82.6% |
| Non-recurring operating charges66A | - | - | - | - | €524 | - |
| Gross operating margin9900 | €728k | €739k | €861k | €896k | €843k | ▼ 5.9% |
| Operating profit (loss)9901 | €227k | €110k | €86k | €40k | €49k | ▲ 23.0% |
| Financial income75/76B | €9 | - | €7k | €213 | €5k | ▲ 2,160% |
| Recurring financial income75 | €9 | - | €143 | €213 | €5k | ▲ 2,160% |
| Non-recurring financial income76B | - | - | €6k | €0 | - | - |
| Financial charges65/66B | €6k | €5k | €3k | €6k | €13k | ▲ 116% |
| Recurring financial charges65 | €6k | €5k | €3k | €6k | €13k | ▲ 116% |
| Profit (loss) for the period before taxes9903 | €221k | €105k | €90k | €34k | €41k | ▲ 20.5% |
| Income taxes67/77 | €45k | €26k | €25k | €8k | €538 | ▼ 93.0% |
| Profit (loss) for the period9904 | €176k | €79k | €64k | €26k | €40k | ▲ 53.6% |
| Profit (loss) for the period to be appropriated9905 | €176k | €79k | €64k | €26k | €40k | ▲ 53.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.07M | €950k | €942k | €965k | €1.01M | ▲ 4.4% |
| Fixed assets21/28 | €596k | €613k | €575k | €526k | €491k | ▼ 6.5% |
| Intangible fixed assets21 | - | - | - | - | €6k | - |
| Tangible fixed assets22/27 | €596k | €613k | €575k | €526k | €485k | ▼ 7.7% |
| Land and buildings22 | €552k | €518k | - | - | - | - |
| Plant, machinery and equipment23 | €41k | €45k | €47k | €40k | €36k | ▼ 9.6% |
| Furniture and vehicles24 | €4k | €50k | €43k | €32k | €26k | ▼ 18.8% |
| Other tangible fixed assets26 | - | - | €485k | €453k | €423k | ▼ 6.8% |
| Current assets29/58 | €472k | €337k | €368k | €439k | €516k | ▲ 17.4% |
| Stocks and contracts in progress3 | €21k | €37k | €47k | €56k | €67k | ▲ 20.5% |
| Stocks30/36 | €21k | €37k | €47k | €56k | €67k | ▲ 20.5% |
| Amounts receivable within one year40/41 | €64k | €58k | €58k | €82k | €116k | ▲ 40.7% |
| Trade receivables40 | €13k | €4k | €13k | €14k | €30k | ▲ 114% |
| Other amounts receivable41 | €51k | €54k | €45k | €68k | €86k | ▲ 25.5% |
| Cash at bank and in hand54/58 | €387k | €240k | €261k | €287k | €313k | ▲ 9.1% |
| Deferred charges and accrued income490/1 | - | €2k | €2k | €14k | €19k | ▲ 36.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.07M | €950k | €942k | €965k | €1.01M | ▲ 4.4% |
| Equity10/15 | €578k | €656k | €721k | €721k | €721k | ▲ 0.1% |
| Contributions10/11 | €21k | €21k | €21k | €21k | €21k | = |
| Reserves13 | €362k | €441k | €505k | €700k | €700k | ▲ 0.1% |
| Non-distributable reserves130/1 | €3k | €3k | - | - | - | - |
| Reserves not available under the articles1311 | €3k | €3k | - | - | - | - |
| Distributable reserves133 | €359k | €437k | €505k | €700k | €700k | ▲ 0.1% |
| Profit (loss) carried forward14 | €194k | €194k | €194k | €0 | €0 | - |
| Amounts payable17/49 | €490k | €294k | €221k | €244k | €286k | ▲ 17.0% |
| Amounts payable after more than one year17 | €249k | €39k | €22k | €0 | - | - |
| Financial debts170/4 | €249k | €39k | €22k | €0 | - | - |
| Amounts payable within one year42/48 | €218k | €232k | €171k | €244k | €286k | ▲ 17.0% |
| Current portion of amounts payable after more than one year42 | €22k | €18k | €16k | €22k | €0 | ▼ 100% |
| Trade debts44 | €96k | €146k | €116k | €71k | €118k | ▲ 67.4% |
| Suppliers440/4 | €96k | €146k | €116k | €71k | €118k | ▲ 67.4% |
| Advances received on contracts in progress46 | €1k | - | - | €30k | €33k | ▲ 12.3% |
| Taxes, remuneration and social security45 | €59k | €37k | €11k | €67k | €62k | ▼ 8.2% |
| Taxes450/3 | €41k | €26k | €11k | €18k | €15k | ▼ 13.6% |
| Remuneration and social security454/9 | €18k | €11k | - | €49k | €46k | ▼ 6.2% |
| Other amounts payable47/48 | €39k | €32k | €28k | €54k | €73k | ▲ 33.3% |
| Accrued charges and deferred income492/3 | €23k | €23k | €28k | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €176k | €79k | €64k | €26k | €40k | ▲ 53.6% |
| + Depreciation and write-downs630 | €54k | €53k | €60k | €65k | €66k | ▲ 1.2% |
| Operating cash flow (approximation) | €230k | €131k | €125k | €91k | €106k | ▲ 16.3% |
| Investment in fixed assets (approximation) | - | €-70k | €-22k | €-16k | €-31k | ▼ 93.5% |
| Change in cash | - | €-147k | €20k | €26k | €26k | ▲ 0.2% |
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
2026
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
09-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 40 days late
2024
31-12
Financial
Weakest financial yearnet €26k ▼59.2%
Net result drops to €26k, the lowest in the series; recovery starts the following year.
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 29 days late
2021
31-12
Financial
Highest result since 2018net €176k ▲244%
Operating result €227k, net result €176k, both a record.
31-12
Financial
Equity above €500kEq €578k ▲43.8%
4 profitable years in a row build equity to €578k.
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
12-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Oostende · 1 establishment unit since 2017
Ground area
152 m²
Building footprint
152 m²
Volume, LiDAR
3,994 m³
Parcel 35013A1650/00D004, Flanders · tallest building 30.4 m, ±9 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Bistro Mathilda
since 20172.260.245.894
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35013A1650/00D004 | Flanders | 152 m² | 1 · 152 m² | 30.4 m · 9 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 487 EUR awarded · 663 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 176 EUR | 176 EUR |
| 2024 | 1 | 176 EUR | 176 EUR |
| 2023 | 1 | 0 EUR | 176 EUR |
| 2022 | 1 | 135 EUR | 135 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteOostende2.260.245.894
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Of 20,495 companies in sector 56111 we hold annual accounts for 11,462. 5,218 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
Founded23-12-2016
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
10850Manufacture of food products
55203Holiday cottages, homes and apartments
55204Guest rooms (bed and breakfast)
56210Event catering
Scores and ratios are computed by Checked and are not a credit decision.