Equity
€1.1m ▲ 59.5%
MATHIM has made a profit in every financial year since 2018.
MATHIM
Lifetime
7 annual accounts with figures on one time axispeak €759,652 (2025)
€759,652▲ 66.6%
peak €494,925 (2025)
€494,925▲ 151%
peak €1.1m (2025)
€1.1m▲ 59.5%
€767,479▼ 32.2%
peak 0 FTE (2023)
-not published
Board1 name since 2017
1 directorMERLIN Loïc Jean-Pierre Yannick
Documentsfilings and deeds
31-01-2026on the last day
2025micro format
Gross margin from €455,938 to €759,652Result from €196,932 to €494,925Registered office moved from Tournai to Mouscron 28-04Dividend €75,000Equity from €705,848 to €1.1mDebts from €1.1m to €767,479
Key points
from the 2025 annual accountsResult
€494,925 ▲ 151%
The result rose in 2025: different schema filed.
Investments
€101,720 2.4 × depreciation
Green is investment, beige is depreciation. Machinery stands 21.0% higher than in 2024.
Liquidity
3.92 was 1.40 in 2024
Short-term debts fell from €415,011 to €146,486.
Filings
7 annual accounts 5 late
The 2022 accounts came latest: 37 days after the end of the period.
Position in the sector
€494,925
Higher net result than 95% of companies in head offices and management consultancy. Sector median €27,132 · 39,384 companies.
Checked score
97
Excellent
Financially stronger than 74% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,572 companies (NACE 70, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.4%▲ +0.2 percentage points vs 01-2025
03-2025: < 0.1%▼ -0.4 percentage points vs 02-2025lowest value
04-2025: < 0.1%● unchanged vs 03-2025lowest value
05-2025: 0.1%▲ +0.1 percentage points vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.2%▲ +0.1 percentage points vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.5%▲ +0.3 percentage points vs 01-2026highest value
03-2026: < 0.1%▼ -0.5 percentage points vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: 0.1%▲ +0.1 percentage points vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
1 change of registered office in 24 months
lowers risk
Liquidity: current ratio 3.92, cash €515,672
Sector: Activities of head offices; management consultancy activities (NACE 70)
Size: total assets €1.9m
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 54% of them on solvency, 76% on liquidity, 84% on profitability and 83% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,782 companies had the same profile as MATHIM has now. Each dot stands for 17 companies, two years later.
96.7%
were still trading
2.7%
stopped another way
0.6%
went bankrupt
That fits the bankruptcy probability of MATHIM itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,782 companies, not a prediction for MATHIM. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €100,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.92 (1.4 in 2024), above the usual 1.5. Short-term debt is 7.7% and cash 27.2% of total assets. 40.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 31-01-2026, 0 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
on the day
2024
18 days late
2023
12 days late
2022
37 days late
2020
39 days early
2019
24 days late
2018
26 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 11 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 15 February (4 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end10-11-2026 today31-01-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0675416146
Registered office moved from Tournai to Mouscron
New registered office: Rue des Pèlerins, 7 BTE E-7700 Mouscron · Previous registered office: Chaussée de Lille, 327/0.4-7500 TOURNAI · Board meeting of 10-02-2025 · Gazette deed
Change of role: MERLIN Loïc Jean-Pierre Yannick, from manager to sole director
General meeting of 05-05-2021 · Gazette deed
Incorporation
published on 15-05-2017 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MATHIM Mouscron | €1.9m | €759,652 | 59.5% | - |
| EAGLE WINGS ADMINISTRATIE Hasselt | €1.5m | €779,157 | 18.1% | 7 |
| XLS Roeselare | €2.0m | €857,245 | 96.6% | - |
| SNOWBALL Boutersem | €2.7m | €867,939 | 79.8% | 0 |
| DECOSTA Staden | €2.5m | €541,251 | 67.6% | - |
| RSV INVEST Damme | €1.6m | €935,439 | 55.9% | - |
| JOHANNS INVEST Amblève | €3.1m | €933,121 | 49.6% | - |
These companies have the same main activity as MATHIM: activities of head offices (NACE 70100). They are comparable in size and age: total assets between €1.5m and €3.1m, founded between 2014 and 2018.
Official details
Source: KBO- Status
- Active since 04-05-2017Normal situation
- Activity
- Activities of head officesNACE 70100and 3 others
- Establishment unit
- 2.264.596.8407500 Tournai, since 04-05-2017
- Financial year end
- 30 June
- Peppol
- Reachable since 01-06-2026
Annual accounts to 30-06-2025
- ≈ €1.1mestimated
- €1.9m▲ 3.0%
- Filing
- Filed on 31-01-2026, on the last day of the filing period
Insights on MATHIM
MATHIM files the micro format. That format states no turnover. The gross margin rose from €87,531 in 2018 to €759,652 in 2025.
The balance sheet grew most from 2023 to 2025 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MATHIM
- What is the company number of MATHIM?
- The company number of MATHIM is 0675.416.146. The VAT number is the same number with BE in front: BE 0675.416.146.
- Where is MATHIM based?
- The registered office is at Pelgrimsstraat 7, 7700 Mouscron.Company details
- What does MATHIM do?
- According to the KBO register, the main activity is activities of head offices (NACE 70100).
- What is the legal form of MATHIM?
- MATHIM is a private limited company (BV).
- When was MATHIM founded?
- MATHIM was founded on 04-05-2017.
- Is MATHIM still active?
- Yes, MATHIM is an active enterprise in the KBO register.
- What is the turnover of MATHIM?
- The turnover in financial year 2025 is ≈ €1.1m. This figure is estimated from the gross margin of €759,652 and 101 comparable companies (NACE 70). It probably lies between €890,000 and €2.0m.Financials
- Is MATHIM profitable?
- In financial year 2025, MATHIM made a profit of €494,925.
- Where can I find the annual accounts of MATHIM?
- MATHIM filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MATHIM due?
- MATHIM must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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