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MATHIM

Active Private limited companyfounded 2017active for 9 yearsPelgrimsstraat 7, 7700 MouscronKBO/BCE: BE 0675.416.146
MATHIM
Financial year 2025
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Annual accounts 2025

micro format, filed on 31-01-2026, on the day of the deadline
€759,652
▲ 66.6%
€715,214
▲ 150%
€494,925
▲ 151%
€428,330
▲ 161%
59.5%
▲ 21.1 percentage points
3.92
▲ 2.53

The turnover shown is an estimate from the gross margin.

Turnover ≈ €1.1m. Estimated: probably between €890,000 and €2.0m.

Balance sheet

balance sheet total €1.9m on 30-06-2025
What the company ownsHow it is paid for

in €m

in euro

Position in the sector

Compare with sector

59.5%

Higher than 54% of 39,368 companies in 2025.

3.92

Higher than 72% of 38,051 companies in 2025.

26.1%

Higher than 66% of 38,523 companies in 2025.

MATHIM Middle half of the sector 80% of the sector Micro accounts in head offices and management consultancy (NACE 70)

Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2025202420232022202020192018
Balance sheet: assets
20/58 1.9m1.8m970,532397,796247,412229,785116,120
21/28 1.3m1.3m425,038272,2061,815870857
22/27 1.3m1.3m425,038272,2061,815870857
22 793,902812,515403,863270,000---
23 494,686408,795-----
24 29,84937,73921,1752,2061,815870857
29/58 574,816579,267545,494125,591245,597228,915115,263
40/41 59,143206,150531,19321,950198,504116,60180,263
40 57,58879,049510,73911,938188,000116,40460,240
41 1,555127,10120,45310,01210,50419720,023
54/58 515,672368,79111,793101,41847,093112,31435,000
490/1 04,3262,5082,222---
Balance sheet: equity and liabilities
10/49 1.9m1.8m970,532397,796247,412229,785116,120
10/15 1.1m705,848593,917373,513194,526145,27063,343
10/11 18,60018,60018,60018,60018,60018,6006,200
100 -----18,60018,600
101 -----012,400
13 1.1m687,248575,317354,9131,8601,8601,860
130/1 ---01,860--
130 -----1,8601,860
1311 ---01,860--
133 1.1m687,248575,317354,913---
14 0000174,066124,81055,283
17/49 767,4791.1m376,61524,28352,88684,51652,777
17 620,993717,4577,492----
170/4 620,993717,4577,492----
42/48 146,486415,011369,12324,28352,88684,51652,777
42 113,699105,483195,10906,6886,683-
43 -----020,000
430/8 -----020,000
44 19,774221,787172,76113,8051,1477,3501,017
440/4 19,774221,787172,76113,8051,1477,3501,017
45 1,74415,46464504,74648,48321,260
450/3 1,74415,46464504,74645,12517,768
454/9 ----03,3583,492
47/48 11,26972,2761,19010,42840,30422,00010,500
Income statement
76A --0----
9900 759,652455,938406,585338,984121,937120,33687,531
630 42,332168,83129,7521,5695461,0141,394
640/8 2,1061,5492,41547,155638321825
9901 715,214285,558374,418290,261120,752119,00285,312
75/76B 1,7172,741035013
75 1,7172,741035013
65/66B 24,46226,3673,1872,279533260372
65 24,46226,3673,1872,279533260372
9903 692,468261,931371,232288,017120,219118,74284,943
67/77 197,54465,00090,82874,53026,96227,21527,800
9904 494,925196,932280,403213,48793,25791,52757,143
9905 494,925196,932280,403213,48793,25791,52757,143
Appropriation of the result
9906 494,925196,932280,403387,553218,066146,81057,143
14P --0174,066---
691/2 419,925111,932220,403353,053-01,860
6920 -----01,860
6921 419,925111,932220,403353,053---
694/7 75,00085,00060,00034,50044,00022,000-
694 75,00085,00060,00034,50044,00022,000-
Social balance sheet
9087 -00----
Document PDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 31-01-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
30-06-2025 micro format 31-01-2026 2026-00029774 PDF
30-06-2024 full format 18-02-2025 2025-00036296 PDF
30-06-2023 full format 12-02-2024 2024-00029708 PDF
30-06-2022 full format 09-03-2023 2023-00038489 PDF
31-12-2020 full format 22-06-2021 2021-23000433 PDF
31-12-2019 full format 24-08-2020 2020-45100349 PDF
31-12-2018 full format 26-08-2019 2019-53700197 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022202020192018
757,546454,389404,171291,829121,299120,01686,706
537,257365,763310,156215,05593,80392,54058,537
101,7201.0m182,585271,9591,4911,0272,251
146,881356,998-89,625--65,22177,314-
428,330164,256176,370101,308192,711144,39962,486
59.5%38.4%61.2%93.9%78.6%63.2%54.5%
3.921.401.485.174.642.712.18
0.681.600.630.070.270.580.83
44.0%27.9%47.2%57.2%47.9%63.0%90.2%
26.1%10.7%28.9%53.7%37.7%39.8%49.2%
30.9717.23over 100over 100---

EBIT margin: not included in this filing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item30-06-202530-06-202430-06-202330-06-2022
Tangible fixed assets€101,720€1.0m€182,585€271,959
€42,332€168,831€29,752€1,569

Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)

Insights on MATHIM

The operating result for 2025 is 150% higher than in 2024 and the highest since 2018. It is a recovery after the fall in 2024.

Debt's share of the balance-sheet total falls from 61.6% to 40.5%. Equity is higher and debt is lower.

Large changes and their cause
  • 2025 Net result +151% on 2024. The accounts now follow the micro format, last year the full format.

Next steps

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