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MATHIMMO

Active Public limited companyfounded 1988active for 38 yearsChaussée de Tervuren 389, 1410 WaterlooKBO/BCE: BE 0433.608.905 #1 company by total assets in Walloon Brabant, Office administrative support sector
Heads the group MATHIMMO 48 companies in 3 countries
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MATHIMMO
Financial year 2025
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Annual accounts 2025

full format, filed on 24-07-2026, 7 days before the deadline
€684,453
-€711,312
▲ €501,146
-€397,729
▲ €541,063
€734,451
▲ 523%
23.8%
▼ 1.3 percentage points
0.69
▲ 0.03
In the rankings #1 company by total assets in Walloon Brabant, Office administrative support sector#1 company by equity in Waterloo, Administrative and support services sector#6 oldest company in Waterloo, Administrative and support services sector

Money flows

turnover is 33.8% of income in 2025

Balance sheet

balance sheet total €93.0m on 31-12-2025
What the company ownsHow it is paid for

in €m

in €m

Position in the sector

Compare with sector

23.8%

Higher than 29% of 1,168 companies in 2025.

0.69

Higher than 22% of 1,125 companies in 2025.

0.5%

Higher than 33% of 1,157 companies in 2025.

MATHIMMO Middle half of the sector 80% of the sector Full accounts in office administrative support (NACE 82)

Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: bottom quarter · Staff: middle half

Staff

€98,776

Staff costs divided by the average number of full-time equivalents.

+1 person

people who joined people who left

In 2025, 1 person joined and nobody left.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
Balance sheet: assets
20/58 93.0m86.5m60.8m38.5m22.5m21.0m14.1m13.0m12.6m9.6m5.0m3.1m3.0m2.9m2.3m2.3m1.5m1.6m1.7m1.2m
21/28 47.7m47.7m35.6m23.4m18.2m14.9m10.2m9.5m9.1m7.8m1.8m1.9m1.7m1.8m1.8m1.0m765,609789,390814,1331.0m
22/27 8.2m8.3m6.6m3.3m3.7m3.9m1.4m1.4m1.4m1.6m1.8m1.9m1.7m1.8m1.8m1.0m765,608789,389814,1321.0m
22 4.8m5.0m5.2m3.2m3.6m3.8m1.3m1.4m1.4m1.6m1.8m1.8m1.7m1.8m1.8m1.0m765,608789,389814,1321.0m
24 40,23743,14949,1483,5215,65410,275-----1,8973,7945,6917,588-----
26 3.3m3.2m1.3m116,998133,575150,15289,880-------------
28 39.4m39.4m29.1m20.1m14.5m11.0m8.8m8.1m7.7m6.1m-505050-11111
280/1 39.4m-------------------
280 39.4m-------------------
284/8 1,980-------------------
285/8 1,980-------------------
29/58 45.3m38.9m25.2m15.0m4.3m6.1m3.9m3.5m3.5m1.8m3.2m1.3m1.3m1.1m564,8251.2m748,014824,163861,904180,978
40/41 45.1m35.5m25.0m12.1m3.8m5.6m3.7m3.2m3.1m1.3m627,751601,450785,496702,440531,936510,729178,908171,336157,501164,513
40 162,605354,3046,37511,79115,15060532--44,500--28323,74719,23212,498--6,05713,069
41 44.9m35.2m25.0m12.1m3.7m5.6m3.7m3.2m3.1m1.3m627,751601,450785,213678,693512,704498,231178,908171,336151,444151,444
50/53 -------------26,20826,20826,20824,000624,000469,000-
54/58 114,2733.4m110,8322.9m517,383481,516256,744274,997370,192425,2432.6m648,117466,624363,9986,270710,692531,43921,80643,2443,819
490/1 111,95910,7075,6049,7311,7507,3641,4041,135--3,3723,35490921441120313,6677,021192,15912,646
Balance sheet: equity and liabilities
10/49 93.0m86.5m60.8m38.5m22.5m21.0m14.1m13.0m12.6m9.6m5.0m3.1m3.0m2.9m2.3m2.3m1.5m1.6m1.7m1.2m
10/15 22.1m21.7m21.9m22.3m6.6m6.5m4.6m4.0m3.5m2.6m1.2m1.3m1.1m982,4061.0m989,987661,790702,695735,341355,063
10/11 20.2m20.2m20.2m20.2m4.1m2.6m530,000530,000530,000530,000530,000530,000330,000330,000330,000330,000330,000330,000330,000330,000
10 20.2m20.2m20.2m20.2m4.1m---------------
100 20.2m20.2m20.2m20.2m4.1m4.1m530,000530,000530,000530,000530,000530,000330,000330,000330,000330,000330,000330,000330,000330,000
101 -----1.5m--------------
11 2,7592,7592,7592,759----------------
1100/10 2,7592,7592,7592,759----------------
13 3.8m3.8m3.9m4.1m4.0m3.6m4.1m3.5m3.0m2.0m672,326721,247771,514386,281426,324520,017162,393162,393162,39360,652
130/1 65,21765,21765,21765,21765,21765,217--------------
130 65,21765,21765,21765,21765,21765,21753,00053,00053,00033,00033,00033,00033,00033,00027,36627,36627,36627,36627,36612,706
132 1.6m1.7m1.8m1.9m1.8m1.5m2.0m2.0m1.9m1.7m318,712334,401326,925339,117384,794478,487120,863120,863120,86333,782
133 2.1m2.1m2.1m2.1m2.1m2.1m2.1m1.5m1.1m307,570320,614353,846411,58914,16414,16414,16414,16414,16414,16414,164
14 -1.8m-2.3m-2.3m-2.0m-1.5m232,126-------266,125249,261139,970169,397210,302242,948-35,589
16 708,133733,532758,931809,602768,540664,439819,929829,154963,370873,707164,112172,190168,340174,619180,744228,98844,83944,83944,839-
168 708,133733,532758,931809,602768,540664,439819,929829,154963,370873,707164,112172,190168,340174,619180,744228,98844,83944,83944,839-
17/49 70.1m64.1m38.2m15.4m15.2m13.9m8.7m8.1m8.1m6.1m3.7m1.7m1.7m1.7m1.2m1.0m806,994866,019895,857860,396
17 4.1m4.5m2.2m2.3m2.4m-409,888485,952576,46484,568117,414149,910181,227211,409240,495268,527542,648568,292592,105614,861
170/4 4.1m4.5m2.2m2.3m2.4m-409,888485,952576,46484,568117,414149,910181,227211,409240,495268,527542,648568,292592,105614,861
173 4.1m-------------------
42/48 66.0m59.5m36.0m13.1m12.7m13.9m8.3m7.7m7.5m6.0m3.6m1.5m1.5m1.5m908,305759,742228,525260,031284,595226,378
42 346,119334,664117,171115,232113,325-75,92995,42599,03333,95034,40531,31730,18229,08728,03227,01525,64523,81322,75621,745
44 145,044176,879116,60991,05720,17088,0181,868-4,8184,9421,7223,6278,3758,43111,0538,7459,72417,65915,7095,489
440/4 145,044176,879116,60991,05720,17088,0181,868-4,8184,9421,7223,6278,3758,43111,0538,7459,72417,65915,7095,489
46 -----2,492---410,0002.0m---------
45 54,37345,882189,67212,22538,051180,00880,805177,891116,434--11,58411,7881,2078,7275,0955,37614,22714,227-
450/3 29,24725,934165,8705526,494170,06180,805177,891116,434--10,72510,725-8,7275,0955,37614,22714,227-
454/9 25,12619,94823,80212,17011,5579,947-----8581,0631,207------
47/48 65.4m59.0m35.5m12.9m12.6m13.6m8.1m7.4m7.3m5.6m1.5m1.5m1.5m1.5m860,493718,887187,780204,332231,903199,144
492/3 -96,311--7,9572,336-------1,8592,1096,18435,82137,69619,15719,157
Income statement
70/76A 720,150-------------------
70 684,453----------------50,60841,89643,771
74 35,697-------------------
76A -----87,432649,518360,897480,5182.1m-35,093188,986--548,671--533,884551
9900 --474,114-611,991-96,783680,377-168,97188212,475499,3272.1m5,258-4,9758,61545,79126,999-2,10929,19620,321-36,58431,547
60/66A 1.4m-------------------
60/61 -----------------30,28778,48012,224
61 814,497-------------------
62 217,306174,534168,49597,58170,09053,979-----13,94916,15315,538------
630 313,583273,665192,459116,520128,30943,43541,81240,98264,55468,86772,03770,97665,04665,00360,57031,78823,78124,74324,74324,743
640/8 77,76756,35776,536128,59251,20717,7427,9454,24413,64618,38311,2909,91110,35810,1219,12710,9559,3819,66212,01112,951
66A 8,308233,788---72,500--404-----------
9901 -711,312-1.2m-1.0m-439,476430,771-356,627-48,874-32,752420,7232.0m-78,069-99,812-82,942-44,871-42,698-44,852-3,966-14,084-73,338-6,147
75/76B 1.3m1.2m656,773149,0081.3m79,555733,256448,171770,34260,63425,34925,80027,06425,29520,94426,73212,53433,92615,8886,061
75 1.3m1.2m656,773149,008125,73579,55583,73887,27461,08060,63425,34925,80027,06425,29520,94426,73212,53433,92615,8886,061
751 1.3m-------------------
752/9 90-------------------
76B ----1.1m-649,518360,897709,262-----------
65/66B 170,388200,06847,84749,6153.0m11,2908,4849,9129,6452,7304,2807,4998,9679,72610,89218,20649,47352,48835,65736,054
65 170,388200,06847,84749,61565,57611,2908,4849,9129,6452,7304,2807,4998,9679,72610,89218,20649,47352,48835,65736,054
650 169,764-------------------
652/9 624-------------------
66B ----2.9m---------------
9903 395,665-180,915-440,556-340,083-1.3m-288,362675,899405,5071.2m2.1m-57,000-46,417124,141-29,302-32,646512,345-40,905-32,646440,777-35,589
780 25,39925,39952,18825,641135,691---------------
680 --1,51666,703239,792---------------
67/77 1961881965526,49489,25680,80561,457116,435---11,312-----15,660-
670/3 196-------------------
9904 420,868-155,704-390,080-381,200-1.4m-222,128604,318353,274975,3221.4m-48,921-50,267119,107-23,17815,598328,197-40,905-32,646380,277-35,589
789 76,19776,197156,56376,922407,073466,47121,96121,961143,06115,68915,68915,68912,19345,67693,6934,554----
689 --4,549200,108719,376---317,1901.4m-23,165---362,178--87,080-
9905 497,064-79,507-238,067-504,386-1.8m244,343626,279375,235801,193-13,043-33,233-57,743131,30022,498109,291-29,427-40,905-32,646293,197-35,589
Appropriation of the result
9906 -1.8m-2.3m-2.3m-2.0m-1.5m244,343626,279375,235801,193-13,043-33,233-57,743397,425271,759249,261139,970169,397210,302257,608-35,589
14P -2.3m-2.3m-2.0m-1.5m232,126---------------
791/2 ---------13,04333,23357,743--------
691/2 -----12,217626,279375,235801,193---397,4255,634----14,660-
6920 -----12,217--20,000----5,634----14,660-
6921 ------626,279375,235781,193---397,425-------
Social balance sheet
9087 2.21.81.81.60.82-----0.50.50.5------
Women (FTE)1003 2.2-------------------
Hours worked1013 3,6593,1013,017--------600920936------
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 18 older financial years (1988-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 46 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 24-07-2026.

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
31-12-2025 full format 24-07-2026 2026-00344737 PDF
31-12-2024 full format 03-07-2025 2025-00238533 PDF
31-12-2023 full format 13-08-2024 2024-00345650 PDF
31-12-2022 full format 21-08-2023 2023-00346369 PDF
31-12-2021 full format 19-08-2022 2022-20303721 PDF
31-12-2020 full format 19-08-2021 2021-51200389 PDF
31-12-2019 full format 30-11-2020 2020-73500410 PDF
31-12-2018 abbreviated format 12-08-2019 2019-46500329 PDF
31-12-2017 abbreviated format 31-08-2018 2018-60500265 PDF
31-12-2016 abbreviated format 31-08-2017 2017-59000207 PDF
31-12-2015 abbreviated format 24-08-2016 2016-47300431 PDF
31-12-2014 abbreviated format 25-08-2015 2015-50900550 PDF
31-12-2013 abbreviated format 29-08-2014 2014-55100157 PDF
31-12-2012 abbreviated format 08-01-2014 2014-00400195 PDF
31-12-2011 abbreviated format 02-07-2013 2013-25600295 PDF
31-12-2010 abbreviated format 17-09-2012 2012-56600189 PDF
31-12-2009 abbreviated format 24-09-2010 2010-55300160 PDF
31-12-2008 abbreviated format 11-12-2009 2009-88500226 PDF
31-12-2007 abbreviated format 05-11-2008 2008-80800377 PDF
31-12-2006 abbreviated format 08-08-2007 2007-54900238 PDF
31-12-2005 abbreviated format 28-12-2006 2006-93802354 PDF
31-12-2004 abbreviated format 12-10-2005 2005-82401186 PDF
31-12-2003 abbreviated format 05-10-2004 2004-71200095 PDF
31-12-2002 abbreviated format 26-09-2003 2003-69500995 PDF
31-12-2001 abbreviated format 19-09-2002 2002-57602256 PDF
31-12-2000 abbreviated format 27-08-2001 2001-52301132 PDF
31-12-1999 abbreviated format 14-09-2000 2000-56802532 PDF
31-12-1998 abbreviated format 02-11-1999 1999-57102489 PDF
31-12-1997 abbreviated format 13-07-1998 1998-32001485 PDF
31-12-1996 abbreviated format 14-07-1997 1997-30200929 PDF
31-12-1995 abbreviated format 20-06-1996 1996-19302778 PDF
31-12-1994 abbreviated format 30-06-1995 1995-34004486 PDF
31-12-1993 abbreviated format 16-06-1994 1994-15703811 PDF
31-12-1992 abbreviated format 24-06-1993 1993-16705340 PDF
31-12-1991 abbreviated format 29-06-1992 1992-16104551 PDF
31-12-1990 abbreviated format 01-07-1991 1991-14304881 PDF
31-12-1989 abbreviated format 13-07-1990 1990-17404545 PDF
31-12-1988 abbreviated format 30-06-1989 1989-13100905 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
-397,729-938,792-857,022-322,956559,080-313,192-7,0628,230485,2772.1m-6,032-28,836-17,89620,13217,872-13,06419,81510,659-48,59518,596
734,451117,962-197,621-264,680-1.3m-178,693646,130394,2571.0m1.4m23,11620,710184,15341,82576,168359,985-17,124-7,903405,020-10,846
313,24012.5m12.4m5.6m8.7m5.4m1.0m549,8422.2m6.2m23,103200,00010,53592,420827,388363,10400-195,605-
-3.2m3.3m-2.8m2.4m35,867224,772-18,254-95,195-55,051-2.2m2.0m181,493102,626357,728-704,422179,253509,633-21,43839,425-
-20.7m-20.6m-10.8m2.0m-8.5m-7.7m-4.4m-4.2m-4.0m-4.3m-318,183-277,671-281,082-429,537-343,480488,090519,489564,132577,309-45,400
------------------27.8%--14.0%
23.8%25.1%36.0%57.9%29.1%30.9%32.7%31.0%28.2%26.9%23.9%40.3%36.9%34.0%43.0%43.9%43.7%43.5%43.9%29.2%
0.690.650.701.150.340.440.470.460.460.290.910.820.820.720.621.643.273.173.030.80
3.172.951.740.692.312.131.882.022.272.383.051.341.561.771.141.041.221.231.222.42
1.9%-0.7%-1.8%-1.7%-21.9%-3.4%13.1%8.8%27.5%53.2%-4.1%-4.0%10.8%-2.4%1.6%33.2%-6.2%-4.6%51.7%-10.0%
0.5%-0.2%-0.6%-1.0%-6.4%-1.1%4.3%2.7%7.8%14.3%-1.0%-1.6%4.0%-0.8%0.7%14.6%-2.7%-2.0%22.7%-2.9%
-2.34-4.69-17.91-6.518.53---------------
87 days----------------1236 days53 days109 days
65 days----------------213 days73 days164 days

EBIT margin. Not meaningful: turnover is only a small part of operating income.

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.

Revenue breakdown

as filed

By activity 2025

  • Location de biens immeubles €684,453100.0%

Source: 2025 accounts, page 22, filing 2026-00344737

All years (2024 to 2025)
By activity20242025
Location de biens immeubles€504,124€684,453

Social balance sheet

Item31-12-202531-12-202431-12-2023
Employees at the balance-sheet date322
full-time211
part-time111
in full-time equivalents2.81.81.8
2.21.81.8
On a permanent contract322
Joined1--
Left0--

Source: social balance sheet in the 2023 to 2025 annual accounts

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€263,240€2.2m€3.5m€3,050€9,664
Financial fixed assets€50,000€10.3m€8.9m€5.6m€8.7m
€313,583€273,665€192,459€116,520€128,309

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on MATHIMMO

The operating result for 2025 is a loss of €711,312, smaller than the loss of €1.2m in 2024.

Debt's share of the balance-sheet total rises from 74.1% to 75.4%. Equity and debt are higher.

Large changes and their cause
  • 2023 Total assets +58% on 2022. Capital increase of €13,979,578 (Official Gazette 09-03-2023).

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