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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
MATHIMMO
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Overview

Lifetime

20 annual accounts with figures on one time axis, 38 filings since 1988
peak €2.1m (2016)
-not published
lowest -€1.4m (2021)
€420,868▲ €576,571
peak €22.3m (2022)
€22.1m▲ 1.9%
€70.1m▲ 9.4%
peak 2.2 FTE (2025)
2.2 FTE▲ 22.2%
Board8 names since 2017
- 
Owners4 names in the annual accounts
33.33%JLH Invest and 1 other
Documentsfilings and deeds
24-07-20267 days before the deadline
2025financial year
Back to profit: €420,868Staff from 1.8 FTE to 2.2 FTECash from €3.4m to €114,273

Key points

from the 2025 annual accounts

Result

€420,868 €420,868
-€156,0002024€421,0002025

Back in profit in 2025, after a loss of €155,704 in 2024.

Debts

€70.1m 75% of the balance sheet
Financial debts 6%Suppliers 0%Taxes and wages 0%Other 94%

Of this, €66.0m falls due within a year.

Filings

38 annual accounts since 1988
AprilJune31 JulyOctober1990200020102020

Eight of the last ten came late. The 2019 accounts came latest: 122 days after the end of the period.

Group

33 companies controlled

Heads a group.

Position in the sector

€22.1m

More equity than 90% of companies in office administrative support. Sector median €974,903 · 1,168 companies.

Checked score

82
Excellent
Financially stronger than 24% of micro companies in office administrative support (NACE 82)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.2% across 12,672 companies (NACE 82, micro).

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.3% 01-2025: 0.3%● unchanged vs 12-2024 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.4%▲ +0.1 percentage points vs 02-2025 04-2025: 0.4%● unchanged vs 03-2025 05-2025: 0.4%● unchanged vs 04-2025 06-2025: 0.4%● unchanged vs 05-2025 07-2025: 0.4%● unchanged vs 06-2025highest value 08-2025: 0.3%▼ -0.1 percentage points vs 07-2025lowest value 09-2025: 0.3%● unchanged vs 08-2025lowest value 10-2025: 0.3%● unchanged vs 09-2025lowest value 11-2025: 0.3%● unchanged vs 10-2025lowest value 12-2025: 0.3%● unchanged vs 11-2025lowest value 01-2026: 0.3%● unchanged vs 12-2025lowest value 02-2026: 0.3%● unchanged vs 01-2026lowest value 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.4%▲ +0.1 percentage points vs 05-2026 07-2026: 0.4%● unchanged vs 06-2026 08-2026: 0.3%▼ -0.1 percentage points vs 07-2026 09-2026: 0.3%● unchanged vs 08-2026 10-2026: 0.3%● unchanged vs 09-2026 11-2026: 0.3%● unchanged vs 10-2026

Financial strength
Weak

49-1equity 23.8% of total assets
12-6short-term debt 71.0% · cash 0.1%
13-6return on assets 0.5%

Score breakdown

raises risk
Liquidity: current ratio 0.69, cash €114,273, halved
Equity €22.1m (23.8% of total assets)
lowers risk
Founded in 1988
Size: turnover €684,453, 2.2 FTE, total assets €93.0m
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 82, micro). It does better than 31% of them on solvency, 7% on liquidity, 14% on profitability and 44% on growth.

The bankruptcy probability was computed on 08-11-2026 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 31-12-2025.

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, 3,984 companies had the same profile as MATHIMMO has now. Each dot stands for 10 companies, two years later.

96.5%
were still trading
2.3%
stopped another way
1.1%
went bankrupt
  • Micro
  • 20 years or older
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet

Another 0.1% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of MATHIMMO itself: 0.3% 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 3,984 companies, not a prediction for MATHIMMO. 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 €65,000 on 30-day terms is acceptable

Liquidity is insufficient, with a current ratio of 0.69 (0.65 in 2024), below 1. Short-term debt is 71% and cash 0.1% of total assets. 76.2% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 0.69, cash €114,273, halved
NBB · annual accounts
lowers risk · Founded in 1988
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Size: turnover €684,453, 2.2 FTE, total assets €93.0m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Equity €22.1m (23.8% of total assets)
NBB · annual accounts
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 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
7 days early
2024
28 days early
2023
13 days late
2022
21 days late
2021
19 days late
2020
19 days late
2019
122 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 23 days after the deadline. In the sector (NACE 82), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 14 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

last known board
AA
ADVICE and FOLLOW-UP
Managing director, until 2024
DC
DELFORGE Cheryl
Auditor
and 1 other shareholder

Shares in 8 companies, including Boucherie Teroir and Le Repos

Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0433608905
Registered office moved from Watermael-Boitsfort to Waterloo New registered office: Chaussée de Tervuren 389 à 1410 Waterloo · Previous registered office: Boulevard du Souverain 24 à 1170 Watermael-Boitsfort · Resignation: ADVICE & FOLLOW UP (managing director) · General meeting of 14-06-2024 · Gazette deed
New establishment in Hoeilaart Ildefonse Vandammestraat 5-7
Appointment: DELFORGE Cheryl (company auditor) Capital from €4,130,000 to €18,109,578.21, 17,334 new shares · Capital from €18,109,578.21 to €20,207,240.77, 2,601 new shares · Contributions: LHOIST Nicolas (€4,660,000); LHOIST Arthur (€4,660,000); LHOIST Jérome (€4,660,000) · General meeting of 15-12-2022 · Gazette deed
All 63 events

Comparable companies

same main activity, similar in size and age
Company
MATHIMMO Waterloo €0.7m - 23.8% 2.2
Euro-Fitting Invoicing Ghent €1.6m 44.8% 15.0% 1.4
SYNVESTPRO Oud-Turnhout €0.3m -3.7% 61.0% 3
VACA Ostend €2.2m 90.7% 98.2% 7
Degila Kontich €2.6m 66.5% 68.5% 1.1
Howden Maintenance Partners Beveren-Kruibeke-Zwijndrecht €2.0m - 53.5% 5.8
OCTA+ GROUP Woluwe-Saint-Pierre €0.3m 2.4% 3.8% 8

These companies have the same main activity as MATHIMMO: office administrative and support services (NACE 82100). They are comparable in size and age: total assets between €36m and €117m, founded between 1985 and 2003.

Official details

Source: KBO
Status
Active since 29-02-1988Normal situation
Registered office
53 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 9 November 2026.
Activity
Office administrative and support servicesNACE 82100and 2 others
Joint committee
200Auxiliary committee for white-collar workers · annual accounts 2025
Establishment units
2.036.352.4741410 Waterloo, since 27-06-2000
2.363.174.7721560 Hoeilaart, since 14-06-2024
Financial year end
31 December
Peppol
Reachable since 05-12-2025
Company details

Annual accounts 2025

€684,453
€420,868
€22.1m▲ 1.9%
€93.0m▲ 7.4%
Employeeson 31-12-2025
3▲ 50.0%
Filing
Filed on 24-07-2026, 7 days before the end of the filing period
Financials

Companies linked to MATHIMMO

Insights on MATHIMMO

MATHIMMO has existed since 1988. In 2016 the gross margin rose from €5,258 to €2.1m.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

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------
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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).

Board & ownership

Board

1 auditor, last change in 2024
DELFORGE Cheryl
Company auditor
appointed by deed of 09-03-2023

Office holders in the KBO →

Mandates through the years

8 names, the dashed line is today
DELFORGE Cheryl
Company auditor
ADVICE and FOLLOW-UP
Managing director
ARLO
Director
JL SQUARE
Managing director
SPORTS VENTURES
Managing director
LHOIST Arthur Charles
Director
LHOIST Jérome Patrick
Director
LHOIST Nicolas Raymond Léon Marie Martin Philippe
Director
Earliermandate already running before its first mentionend not dated
Mandates as a list
  • DELFORGE Cheryl
    • Company auditor, appointed by deed of 09-03-2023, still in office
  • ADVICE and FOLLOW-UP
    • Director, from 09-06-2017 to 14-06-2024
    • Managing director, appointed by deed of 21-09-2020, until 14-06-2024
  • ARLO
    • Director, from 17-03-2020 to 23-10-2020
    • Managing director, appointed by deed of 21-09-2020, ended, last mentioned on 21-09-2020
  • JL SQUARE
    • Director, from 17-03-2020, last mentioned in 2020
    • Managing director, appointed by deed of 21-09-2020, last mentioned in 2020
  • SPORTS VENTURES
    • Director, from 17-03-2020, last mentioned in 2020
    • Managing director, appointed by deed of 21-09-2020, last mentioned in 2020
  • LHOIST Arthur Charles
    • Director, until 07-04-2020
  • LHOIST Jérome Patrick
    • Director, until 07-04-2020
  • LHOIST Nicolas Raymond Léon Marie Martin Philippe
    • Director, until 07-04-2020

See the board, name and registered office on a given date →

Control

Shareholder
JLH Invest
Equity €158,690
Profit €59,753 in 2025 (loss €4,010 in 2024)
Checked score 68
33.33%
This company
MATHIMMO
Equity €22.1m
Profit €420,868 in 2025

and 3 other shareholders

Capital

Capital
€20,207,240.78
Shares
25,056
Contribution per share
€806
Equity per share
€884 in 2025
Source
2025 annual accounts

Owners through the years

as the annual accounts name them
JLH Invest
33.33%
33.33%
Naoshima
33.33%
33.33%
Ping Invest
33.33%
33.33% until 2024
LE BESTIN
15.37%15.41%
15.41% until 2021
Owners as a list

Source: lists of holdings in the owners' accounts

Articles of association

deed of 02-07-2020 (in French)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited

Shareholders

4 owners

Owners 4

Capital transactions

Shareholders according to the deeds
After 2 capital increases deed of 09-03-2023 ↗
  • LHOIST Nicolas 5,778 shares · €4,660,000 · “apport de créance”
  • LHOIST Arthur 5,778 shares · €4,660,000 · “apport de créance”
  • LHOIST Jérome 5,778 shares · €4,660,000 · “apport de créance”
After the capital increase deed of 12-01-2021 ↗
  • LHOIST Arthur €1,015,114.24
  • LHOIST Jérome €1,015,114.24
  • LHOIST Nicolas €1,015,114.24
  • LE BESTIN €554,657.29
Capital over time
  1. 09-03-2023 Capital increase of €13,979,578.21 · to €18,109,578.21 · 17,334 new shares at €806.51 per share, 77.2% of the 22,455 shares after the increase · in kind
  2. 09-03-2023 Capital increase of €2,097,662.57 · to €20,207,240.77 · 2,601 new shares at €806.48 per share · in cash
  3. 12-01-2021 Capital increase of €3,600,000 · to €4,130,000 · no new shares · “augmentation proportionnelle du pair comptable de chacune des actions existantes”
  4. 02-07-2020 Capital stated in the deed · €530,000 · 5,121 shares

Network & group

Holdings

own 2025 accounts, the bar shows equity in euros
This companyMATHIMMO8 holdings, 1 country 2025 accounts

Belgium 8 Year Equity Result

  • BE RLE INVEST 2025€11.5m result €58,085 (2025)
  • BE LE REPOS 2025€6.3m result -€265,767 (2025)
  • BE KO IMMO92.75% 2025€6.0m result -€679,329 (2025)
  • BE ARTONE50% 2025€2.5m result €3.3m (2025)
  • BE DREAMALTY49% 2025€1.7m result €208,974 (2025)
  • BE ESCAPE50% 2022€676,843 result -€36,818 (2022)
  • BE TERO BAKERY80% 2025-€74,986 result -€70,484 (2025)
  • BE BOUCHERIE MAGEROTTE 2025-€1.6m result -€795,817 (2025)

Source: list of holdings in its own 2025 accounts. Every holding stands with its own latest accounts.

Heads the group MATHIMMO Group, risk and exposure

At the same address

Chaussée de Tervuren 389, 1410 Waterloo · 52 other companies
Naoshima
registered office since 29-06-2022 · founded in 2022
 total assets €39.8m (2025)
0787.790.349
Ping Invest
registered office since 29-06-2022 · founded in 2022
 total assets €36.7m (2025)
0787.787.082
JLH Invest
registered office since 14-07-2022 · founded in 2022
 total assets €36.4m (2025)
0788.581.591
LE BESTIN
registered office since 19-07-1988 · founded in 1988 · group JLH Invest
 total assets €27.5m (2025)
0434.877.823
RLE INVEST
registered office since 23-06-2016 · founded in 2016 · group MATHIMMO
 7.5 FTE (2025)
0656.907.259
KO IMMO
registered office since 07-07-2020 · founded in 2020 · group MATHIMMO
 total assets €21.8m (2025)
0749.880.373
Le Repos
registered office since 28-01-2021 · founded in 2021 · group MATHIMMO
 total assets €20.2m (2025)
0762.603.310
PORCELYNEGOED
registered office since 13-01-2000 · founded in 1986 · group MATHIMMO
 total assets €12.5m (2025)
0429.538.269
LAMSOUL
registered office since 09-12-1987 · founded in 1987 · negative equity (2025)
 total assets €11.4m (2025)
0432.848.741
SPORTS VENTURES
registered office since 22-03-2015 · founded in 2015 · negative equity (2025)
 total assets €5.1m (2025)
0607.893.852
and 42 more

Earlier ties

LAMSOUL
via JL SQUARE (at MATHIMMO, last mentioned in 2020), ARLO (at MATHIMMO until 2020) and SPORTS VENTURES (at MATHIMMO, last mentioned in 2020) · deed of 24-06-2020
founded in 1987 · negative equity (2025)
 total assets €11.4m (2025)
PRAMERUEL
via JL SQUARE (at MATHIMMO, last mentioned in 2020), ARLO (at MATHIMMO until 2020) and SPORTS VENTURES (at MATHIMMO, last mentioned in 2020) · deed of 14-07-2025
founded in 2000 · negative equity (2025)
 total assets €3.9m (2025)
Domaine Christiaens
via SPORTS VENTURES, at MATHIMMO, last mentioned in 2020 · Administrateur non statutaire de catégorie b · deed of 15-01-2021
founded in 2021 · accounts filed late
 total assets €3.9m (2024)
DENILO GROUP
via SPORTS VENTURES (at MATHIMMO, last mentioned in 2020) and Nicolas Lhoist (at MATHIMMO until 2020) · deeds of 14-05-2020 and 06-12-2018
founded in 2018 · negative equity (2025)
 total assets €2.6m (2025)
RECREATION & LEISURE
via ARLO (at MATHIMMO until 2020) and SPORTS VENTURES (at MATHIMMO, last mentioned in 2020) · Director · deed of 23-10-2023
founded in 2016 · negative equity (2025) · group MATHIMMO
 26 FTE (2025)
Ferme Marot
via ARLO, at MATHIMMO until 2020 · Director (not named in the articles) · deed of 18-01-2022
founded in 2022 · negative equity (2025)
 total assets €2.1m (2025)
Show 56 more earlier ties
Sports et Développements Famenne Immo
via JL SQUARE (at MATHIMMO, last mentioned in 2020), ARLO (at MATHIMMO until 2020) and SPORTS VENTURES (at MATHIMMO, last mentioned in 2020) · Director · deed of 08-08-2024
founded in 1996 · negative equity (2025)
 total assets €1.6m (2025)
Tero Catering
via ARLO (at MATHIMMO until 2020) and SPORTS VENTURES (at MATHIMMO, last mentioned in 2020) · Director (not named in the articles) · deed of 17-04-2023
founded in 2023 · negative equity (2025) · group MATHIMMO
 14 FTE (2025)
THE KOTTAGE
via JL SQUARE (at MATHIMMO, last mentioned in 2020) and ARLO (at MATHIMMO until 2020) · deed of 27-12-2022
founded in 1994 · negative equity (2025) · group MATHIMMO
 total assets €1.3m (2025)
KOLLINE
via ARLO, at MATHIMMO until 2020 · Director · deed of 08-08-2025
founded in 2017 · negative equity (2025) · group MATHIMMO
 3.7 FTE (2025)
LE VIEUX LOGIS
via JL SQUARE (at MATHIMMO, last mentioned in 2020), ARLO (at MATHIMMO until 2020) and SPORTS VENTURES (at MATHIMMO, last mentioned in 2020) · Director · deeds of 02-09-2024 and 13-12-2023
founded in 1970 · negative equity (2025) · group MATHIMMO
 total assets €1.1m (2025)
TERO BRUSSELS
via SPORTS VENTURES, at MATHIMMO, last mentioned in 2020 · Director · deed of 05-08-2025
founded in 2016 · negative equity (2025) · group MATHIMMO
 9.9 FTE (2025)
ARBEAL
via ARLO (at MATHIMMO until 2020) and SPORTS VENTURES (at MATHIMMO, last mentioned in 2020) · Director · deed of 05-08-2025
founded in 2014 · negative equity (2025) · group MATHIMMO
 total assets €865,798 (2025)
GANG BELGIUM
via JL SQUARE, at MATHIMMO, last mentioned in 2020 · Director (not named in the articles) · deed of 09-03-2021
founded in 2013 · negative equity (2025) · group JLH Invest
 7.4 FTE (2025)
FALS
via ARLO (at MATHIMMO until 2020) and SPORTS VENTURES (at MATHIMMO, last mentioned in 2020) · Director · deed of 16-06-2023
founded in 1983 · negative equity (2025) · group MATHIMMO
 7.1 FTE (2025)
Tero House Herbeumont
via ARLO (at MATHIMMO until 2020) and SPORTS VENTURES (at MATHIMMO, last mentioned in 2020) · Director · deeds of 08-08-2025 and 22-03-2021
founded in 2021 · negative equity (2025) · group MATHIMMO
 4.6 FTE (2025)
CDM HORSES
via ARLO, at MATHIMMO until 2020 · Director (not named in the articles) · deed of 04-08-2026
founded in 2024 · negative equity (2025)
 total assets €554,011 (2025)
SPORTERO
via JL SQUARE (at MATHIMMO, last mentioned in 2020) and ARLO (at MATHIMMO until 2020) · deed of 07-04-2025
founded in 2011 · negative equity (2025) · group MATHIMMO
 5.5 FTE (2025)
KNOKKE OUT UNIVERSITY XL
via ARLO (at MATHIMMO until 2020) and SPORTS VENTURES (at MATHIMMO, last mentioned in 2020) · deeds of 06-03-2024 and 31-12-2018
founded in 2016 · negative equity (2025) · group MATHIMMO
 total assets €509,048 (2025)
BE ON
via Nicolas Lhoist, at MATHIMMO until 2020 · Director · deed of 19-02-2024
founded in 2022 · negative equity (2025)
 3.7 FTE (2025)
Buenas Open
via SPORTS VENTURES, at MATHIMMO, last mentioned in 2020 · Director · deed of 09-04-2025
founded in 2021 · negative equity (2025)
 0.2 FTE (2025)
LHOIST
via Nicolas Lhoist, at MATHIMMO until 2020 · Director · deed of 01-07-2021
founded in 1996 · group Financière de Gestions Internationales
 turnover €674.6m (2025)
LHOIST INDUSTRIE
via Nicolas Lhoist, at MATHIMMO until 2020 · Director · deed of 30-06-2021
founded in 1954
 turnover €30.5m (2025)
Fondation Saint - Luc
via Nicolas Lhoist, at MATHIMMO until 2020 · Director · deed of 05-10-2020
founded in 2009
 5.5 FTE (2025)
CITY CONCEPT
via ADVICE and FOLLOW-UP, at MATHIMMO until 2024 · Director (not named in the articles) · deed of 06-05-2022
founded in 1984
 total assets €35.3m (2025)
SOGEFIM
via ADVICE and FOLLOW-UP, at MATHIMMO until 2024 · Director · deed of 07-03-2024
founded in 1991
 total assets €20.4m (2025)
GROTTES DE HAN
via Nicolas Lhoist, at MATHIMMO until 2020 · Director · deed of 05-05-2020
founded in 1968
 102 FTE (2025)
PHILSTONE
via ADVICE and FOLLOW-UP, at MATHIMMO until 2024 · Director (not named in the articles) · deed of 28-05-2024
founded in 1990
 total assets €12.9m (2025)
PORCELYNEGOED
via JL SQUARE (at MATHIMMO, last mentioned in 2020), ARLO (at MATHIMMO until 2020) and SPORTS VENTURES (at MATHIMMO, last mentioned in 2020) · Director · deed of 04-07-2022
founded in 1986 · group MATHIMMO
 total assets €12.5m (2025)
Sporsystem
via SPORTS VENTURES, at MATHIMMO, last mentioned in 2020 · Director · deed of 18-07-2024
founded in 1983
 total assets €6.3m (2025)
Nouvel Espace Weyler
via SPORTS VENTURES, at MATHIMMO, last mentioned in 2020 · Director · deed of 14-11-2024
founded in 2011 · group MATHIMMO
 total assets €5.2m (2025)
IMZ
via JL SQUARE (at MATHIMMO, last mentioned in 2020), ARLO (at MATHIMMO until 2020) and SPORTS VENTURES (at MATHIMMO, last mentioned in 2020) · Director · deed of 04-07-2022
founded in 1991 · group MATHIMMO
 total assets €4.7m (2025)
LES CRESSES
via JL SQUARE (at MATHIMMO, last mentioned in 2020), ARLO (at MATHIMMO until 2020) and SPORTS VENTURES (at MATHIMMO, last mentioned in 2020) · Director · deed of 24-06-2020
founded in 1987
 total assets €4.2m (2025)
ROCH4PADEL
via SPORTS VENTURES, at MATHIMMO, last mentioned in 2020 · Director · deed of 20-11-2024
founded in 2019
 total assets €3.0m (2025)
Tero Padel
via ARLO (at MATHIMMO until 2020) and SPORTS VENTURES (at MATHIMMO, last mentioned in 2020) · Director (not named in the articles) · deed of 17-04-2023
founded in 2023 · group MATHIMMO
 1.4 FTE (2025)
KO INVEST
via JL SQUARE (at MATHIMMO, last mentioned in 2020) and ARLO (at MATHIMMO until 2020) · deed of 21-12-2022
founded in 2011 · group MATHIMMO
 total assets €2.1m (2025)
Tero House Rochefort
via ARLO (at MATHIMMO until 2020) and SPORTS VENTURES (at MATHIMMO, last mentioned in 2020) · Director (not named in the articles) · deed of 17-04-2023
founded in 2023 · group MATHIMMO
 total assets €1.9m (2025)
PEOPLE FIRST MANAGEMENT
via ARLO, at MATHIMMO until 2020 · Director (not named in the articles) · deed of 27-12-2022
founded in 2010 · group MATHIMMO
 11 FTE (2025)
THE TORREFACTORY PROJECT
via ARLO, at MATHIMMO until 2020 · Director · deed of 29-01-2025
founded in 2017
 10 FTE (2025)
RW BEACH CLUB
via ARLO, at MATHIMMO until 2020 · Director (not named in the articles) · deed of 06-03-2024
founded in 2010
 5.1 FTE (2025)
KO KOTTAGE
via ARLO (at MATHIMMO until 2020) and SPORTS VENTURES (at MATHIMMO, last mentioned in 2020) · deeds of 06-03-2024 and 03-01-2019
founded in 2016 · group MATHIMMO
 4 FTE (2025)
Tero Immo Ster
via JL SQUARE (at MATHIMMO, last mentioned in 2020), ARLO (at MATHIMMO until 2020) and SPORTS VENTURES (at MATHIMMO, last mentioned in 2020) · deeds of 27-11-2023 and 22-03-2021
founded in 2021 · group MATHIMMO
 total assets €1.1m (2025)
ARDUENNA SPIRIT COMPANY
via SPORTS VENTURES (at MATHIMMO, last mentioned in 2020) and Nicolas Lhoist (at MATHIMMO until 2020) · deeds of 08-10-2024 and 01-08-2023
founded in 2021
 total assets €926,561 (2025)
Garisart sports et loisirs
via ARLO (at MATHIMMO until 2020) and SPORTS VENTURES (at MATHIMMO, last mentioned in 2020) · Director (not named in the articles) · deed of 03-03-2025
founded in 2025
 total assets €788,746 (2025)
Tennis Club de Belgique Courts Couverts
via JL SQUARE (at MATHIMMO, last mentioned in 2020), ARLO (at MATHIMMO until 2020) and SPORTS VENTURES (at MATHIMMO, last mentioned in 2020) · deed of 17-04-2024
founded in 1968
 total assets €746,063 (2025)
Sport2Be
via Nicolas Lhoist, at MATHIMMO until 2020 · Director and chair of the board · deed of 26-10-2022
founded in 2016
 total assets €685,517 (2025)
Zakk Invest
via ARLO (at MATHIMMO until 2020) and SPORTS VENTURES (at MATHIMMO, last mentioned in 2020) · Director · deed of 30-09-2025
founded in 2019 · group MATHIMMO
 total assets €528,206 (2025)
Sports et développements Famenne
via JL SQUARE (at MATHIMMO, last mentioned in 2020), ARLO (at MATHIMMO until 2020) and SPORTS VENTURES (at MATHIMMO, last mentioned in 2020) · Director · deed of 05-07-2024
founded in 2024
 total assets €436,692 (2025)
NAJISOLAR
via JL SQUARE (at MATHIMMO, last mentioned in 2020), ARLO (at MATHIMMO until 2020) and SPORTS VENTURES (at MATHIMMO, last mentioned in 2020) · Director (not named in the articles) · deed of 21-10-2024
founded in 2024
 total assets €397,525 (2025)
PASH
via ARLO (at MATHIMMO until 2020) and SPORTS VENTURES (at MATHIMMO, last mentioned in 2020) · Director · deed of 24-10-2024
founded in 2024
 total assets €235,802 (2025)
PEOPLE FIRST TRAVEL
via ARLO, at MATHIMMO until 2020 · Director (not named in the articles) · deed of 27-12-2022
founded in 2017 · group MATHIMMO
 total assets €203,853 (2025)
PIPAILLON ATELIER
via ARLO, at MATHIMMO until 2020 · Director (not named in the articles) · deed of 28-06-2024
founded in 2024
 total assets €114,045 (2025)
Tero Immo Gerpinnes
via ARLO (at MATHIMMO until 2020) and SPORTS VENTURES (at MATHIMMO, last mentioned in 2020) · Director (not named in the articles) · deed of 02-09-2025
founded in 2025 · group MATHIMMO
 total assets €108,786 (2025)
Tero House Ster
via ARLO (at MATHIMMO until 2020) and SPORTS VENTURES (at MATHIMMO, last mentioned in 2020) · deeds of 08-08-2025 and 22-03-2021
founded in 2021 · group MATHIMMO
 total assets €4,257 (2025)
Tero Sport
via Nicolas Lhoist, at MATHIMMO until 2020 · Director · deed of 21-04-2023
 founded in 2023
Tero Studio
via SPORTS VENTURES, at MATHIMMO, last mentioned in 2020 · Director (not named in the articles) · deed of 14-04-2026
 founded in 2026
VLS Chocolate
via SPORTS VENTURES, at MATHIMMO, last mentioned in 2020 · Director · deed of 09-04-2025
 founded in 2024
WORLD PADEL TOURNAMENTS BELGIUM
via Nicolas Lhoist, at MATHIMMO until 2020 · Director · deed of 12-09-2022
 founded in 2019
TERO INVEST
via JL SQUARE (at MATHIMMO, last mentioned in 2020) and SPORTS VENTURES (at MATHIMMO, last mentioned in 2020) · Managing director · deed of 26-03-2020
No longer active
 total assets €1.5m (2023)
Exploraid
via SPORTS VENTURES, at MATHIMMO, last mentioned in 2020 · Manager · deed of 18-02-2019
No longer active
 total assets €246,840 (2021)
TERRES NEUVES
via SPORTS VENTURES, at MATHIMMO, last mentioned in 2020 · Director · deed of 13-10-2021
No longer active
 total assets €200,442 (2021)
PALI
via JL SQUARE, at MATHIMMO, last mentioned in 2020 · Director · deed of 02-07-2019
No longer active

Holdings and subsidiaries

8 holdings · 33 subsidiaries, including indirect ones

Holdings 8

Share, source and own figures per holding (8)

Source for every holding own accounts 2025

  • Boucherie Teroirsubsidiary
    Equity -€1.6m Loss of €795,817 in 2025 (loss of €627,560 in 2024) Checked score 53
    100%
  • Le Repossubsidiary
    Equity €6.3m Loss of €265,767 in 2025 (loss of €90,078 in 2024) Checked score 78
    100%
  • RLE INVESTsubsidiary
    Equity €11.5m Profit of €58,085 in 2025 (loss of €251,903 in 2024) Checked score 84
    Alsodeed 30-04-2024
    100%
  • KO IMMOsubsidiary
    Equity €6.0m Loss of €679,329 in 2025 (loss of €795,472 in 2024) Checked score 91
    Alsoaccounts KO IMMO 2025
    92.75%
  • Tero Bakerysubsidiary
    Equity -€74,986 Loss of €70,484 in 2025 (profit of €51,553 in 2024) Checked score 48
    80%
  • ARTONE
    Equity €2.5m Profit of €3.3m in 2025 (profit of €65,833 in 2024) Checked score 94
    Alsoaccounts ARTONE 2025
    50%
  • ESCAPE
    Equity €676,843 Loss of €36,818 in 2022
    50%
  • DREAMALTY
    Equity €1.7m Profit of €208,974 in 2025 (loss of €246,473 in 2024)
    49%
All subsidiaries, including indirect ones 33

MATHIMMO or one of its subsidiaries holds more than half of the shares of these companies. A company it consolidates per the LEI register is listed too.

Holdings through the years 2016 to 2025
Holdings through the years
Name2016201720182019202020212022202320242025
Boucherie Teroir 100%
Le Repos 100%
RLE INVEST 99%83.17%76.5%0.65%65%70.21%100%
KO IMMO 100%87.38%92.75%
Tero Bakery 75%80%
ARTONE 50%
ESCAPE 50%
DREAMALTY 25%49%
Société Agricole Teroir 48.81%
THE KOTTAGE 99.98%
KO INVEST 99%
TERO INVEST 1%

Source: list of holdings in its own accounts

Board mandates elsewhere

1 board mandate
Board mandates of MATHIMMOMATHIMMO sits on their board1
RLE INVEST
Director
Founded in 2016 · 7.5 FTE (2025) · group MATHIMMO

Connections & network

Depth
+49 companies via a shared corporate director +49via a sharedcorporate director+2 companies via a shared director +2via a shareddirectorBE ON, Shared director BOBE ONFondation Saint - Luc, Shared director FSFondationSaint - LucGROTTES DE HAN, Shared director GDGROTTES DE HANLHOIST, Shared director LLHOISTLHOIST INDUSTRIE, Shared director LILHOISTINDUSTRIESport2Be, Shared director SSport2BeTero Sport, Shared director TSTero SportWORLD PADEL TOURNAMENTS BELGIUM, Shared director WPWORLD PADELTOURNAMENTS…CITY CONCEPT, Shared corporate director CCCITY CONCEPTPHILSTONE, Shared corporate director PPHILSTONESOGEFIM, Shared corporate director SSOGEFIMMATHIMMO MATHIMMO0433.608.905
Shared directorsBundled connections
This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Timeline

63 events since 1988

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBfull format · 7 days before the deadline
2025
Back to profit net €420,868 The net result is €420,868, after 5 loss-making years.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0433608905
Annual accounts 2024 filed PDFfull format · 28 days before the deadline
2024
Annual accounts 2023 filed PDFfull format · 13 days late
Registered office moved from Watermael-Boitsfort to WaterlooNew registered office: Chaussée de Tervuren 389 à 1410 Waterloo · Previous registered office: Boulevard du Souverain 24 à 1170 Watermael-Boitsfort · Resignation: ADVICE & FOLLOW UP (managing director) · General meeting of 14-06-20245 points ▸
  • General meeting, 14-06-2024
  • Board meeting, 14-06-2024
  • Registered-office move, Chaussée de Tervuren 389 à 1410 Waterloo
  • Director resignation, ADVICE & FOLLOW UP (managing director)
  • Permanent representative, Yves TYTGAT

Open the deed in the Belgian Official Gazette

New establishment in Hoeilaart Ildefonse Vandammestraat 5-7
2023
Annual accounts 2022 filed PDFfull format · 21 days late
Appointment: DELFORGE Cheryl (company auditor)Capital from €4,130,000 to €18,109,578.21, 17,334 new shares · Capital from €18,109,578.21 to €20,207,240.77, 2,601 new shares · Contributions: LHOIST Nicolas (€4,660,000); LHOIST Arthur (€4,660,000); LHOIST Jérome (€4,660,000) · General meeting of 15-12-20229 points ▸
  • General meeting, 15-12-2022
  • Auditor appointment, DELFORGE Cheryl (company auditor)
  • Auditor report, 13-12-2022
  • Capital increase, €13,979,578.21
  • Capital contribution, €4,660,000, mentioned 6 times in the deed
  • Capital, €18,109,578.21, 22,455 shares
  • Amendment of the articles, article 5
  • Capital increase, €2,097,662.57
  • Power of attorney, Eric Jacobs
  • The deed holds 12 more points.

Open the deed in the Belgian Official Gazette

2022
Liquidity more than triples current ratio 1.15 The current ratio rises from 0.34 to 1.15.
Equity above €10m equity €22.3m ▲239% Equity rises from €6.6m to €22.3m.
Annual accounts 2021 filed PDFfull format · 19 days late
2021
Weakest financial year net -€1.4m The net result drops to -€1.4m, the lowest from 2006 to 2025. It recovers the following year.
Annual accounts 2020 filed PDFfull format · 19 days late
Capital increase of €3,600,000 to €4,130,000Capital from €530,000 to €4,130,000 · Contributions: LHOIST Arthur (€1,015,114.24); LHOIST Jérome (€1,015,114.24); LHOIST Nicolas (€1,015,114.24); and 1 other · General meeting of 23-12-20207 points ▸
  • General meeting, 23-12-2020
  • Capital increase, €3,600,000
  • Capital contribution, €1,015,114.24, mentioned 3 times in the deed
  • Capital contribution, €554,657.29
  • Capital, €4,130,000, 5,121 shares
  • Amendment of the articles, article 5
  • Power of attorney, Eric Jacobs
  • The deed holds 4 more points.

Open the deed in the Belgian Official Gazette

2020
Equity above €5m equity €6.5m ▲40.6% Equity rises from €4.6m to €6.5m.
Annual accounts 2019 filed PDFfull format · 122 days late
Resignation: ARLO (director)Permanent representative: LHOIST Arthur Charles2 points ▸

Open the deed in the Belgian Official Gazette

4 directors appointedADVICE AND FOLLOW-UP, SPORTS VENTURES, ARLO and JL SQUARE · Permanent representatives: TYTGAT Yves, LHOIST Nicolas, LHOIST Arthur and LHOIST Jérome · Board meeting of 03-08-20209 points ▸
  • Board meeting, 03-08-2020
  • Director appointment, ADVICE AND FOLLOW-UP (managing director)
  • Permanent representative, TYTGAT Yves
  • Director appointment, SPORTS VENTURES (managing director)
  • Permanent representative, LHOIST Nicolas
  • Director appointment, ARLO (managing director)
  • Permanent representative, LHOIST Arthur
  • Director appointment, JL SQUARE (managing director)
  • Permanent representative, LHOIST Jérome

Open the deed in the Belgian Official Gazette

Amendment of the articles · Resignations & appointmentsGeneral meeting of 17-03-20202 points ▸
  • General meeting, 17-03-2020
  • Capital, €530,000, 5,121 shares
  • The deed holds 1 more point.

Open the deed in the Belgian Official Gazette

2 directors appointed, 3 resignations, 1 reappointmentResignations: LHOIST Arthur Charles, LHOIST Jérome Patrick and LHOIST Nicolas Raymond Léon Marie Martin Philippe · Reappointment: ADVICE & FOLLOW-UP · Permanent representatives: TYTGAT Yves, LHOIST Nicolas Raymond Léon Marie Martin Philippe, LHOIST Arthur Charles and LHOIST Jérome Patrick14 points ▸

Open the deed in the Belgian Official Gazette

2019
Annual accounts 2018 filed PDFabbreviated format · 12 days late
Registered office moved from Sint-Denijs-Westrem to BrusselsNew registered office: Rue des Poissonniers 1 bus 1, 1000 Brussel · Previous registered office: Kortrijksesteenweg 1142 bus 5, 9051 Sint-Denijs-Westrem · Permanent representative: Yves Tytgat · Board meeting of 01-01-20193 points ▸
  • Board meeting, 01-01-2019
  • Registered-office move, Rue des Poissonniers 1 bus 1, 1000 Brussel
  • Permanent representative, Yves Tytgat

Open the deed in the Belgian Official Gazette

2018
Annual accounts 2017 filed PDFabbreviated format · 31 days late
2017
Annual accounts 2016 filed PDFabbreviated format · 31 days late
2016
Back to profit net €1.4m The net result is €1.4m, after 2 loss-making years.
Equity above €2m equity €2.6m ▲114% Equity rises from €1.2m to €2.6m.
Annual accounts 2015 filed PDFabbreviated format · 24 days late
2015
Annual accounts 2014 filed PDFabbreviated format · 25 days late
2014
Annual accounts 2013 filed PDFabbreviated format · 29 days late
Annual accounts 2012 filed PDFabbreviated format · 161 days late
2013
Back to profit net €119,107 The net result is €119,107, after one loss-making year.
Annual accounts 2011 filed PDFabbreviated format · 336 days late
2012
Annual accounts 2010 filed PDFabbreviated format · 414 days late
2011
Equity above €1m equity €1.0m ▲1.6% After 2 profitable years in a row, equity reaches €1.0m.
2010
Back to profit net €328,197 The net result is €328,197, after 2 loss-making years.
Annual accounts 2009 filed PDFabbreviated format · 55 days late
2009
Annual accounts 2008 filed PDFabbreviated format · 133 days late
2008
Annual accounts 2007 filed PDFabbreviated format · 97 days late
2007
Back to profit net €380,277 The net result is €380,277, after one loss-making year.
Liquidity more than triples current ratio 3.03 The current ratio rises from 0.80 to 3.03.
Equity above €500,000 equity €735,341 ▲107% Equity rises from €355,063 to €735,341.
Annual accounts 2006 filed PDFabbreviated format · 8 days late
2006
Annual accounts 2005 filed PDFabbreviated format
2005
Annual accounts 2004 filed PDFabbreviated format
2004
Annual accounts 2003 filed PDFabbreviated format
2003
Annual accounts 2002 filed PDFabbreviated format
2002
Annual accounts 2001 filed PDFabbreviated format
2001
Annual accounts 2000 filed PDFabbreviated format
2000
Annual accounts 1999 filed PDFabbreviated format
First establishment Chaussée de Tervuren 389, Waterloo
1999
Annual accounts 1998 filed PDFabbreviated format
1998
Annual accounts 1997 filed PDFabbreviated format
1997
Annual accounts 1996 filed PDFabbreviated format
1996
Annual accounts 1995 filed PDFabbreviated format
1995
Annual accounts 1994 filed PDFabbreviated format
1994
Annual accounts 1993 filed PDFabbreviated format
1993
Annual accounts 1992 filed PDFabbreviated format
1992
Annual accounts 1991 filed PDFabbreviated format
1991
Annual accounts 1990 filed PDFabbreviated format
1990
Annual accounts 1989 filed PDFabbreviated format
1989
Annual accounts 1988 filed PDFabbreviated format
1988
Incorporation published on 30-03-1988

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 29 February 1988, MATHIMMO was incorporated.1 The registered office moved to Brussels in 2019 and to Waterloo in 2024.23 The capital was increased 2 times between 2021 and 2023, most recently to €20.2m.45 Total assets went from €13.0m in 2018 to €93.0m in 2025 and headcount from 2 full-time equivalents in 2020 to 2.2 in 2025.6

  1. 1KBO register
  2. 2Belgian Official Gazette, 30-01-2019
  3. 3Belgian Official Gazette, 18-07-2024
  4. 4Belgian Official Gazette, 12-01-2021
  5. 5Belgian Official Gazette, 09-03-2023
  6. 6National Bank, annual accounts 2018, 2020 and 2025

Company details

Identity

Enterprise number
0433.608.905
VAT number
BE 0433.608.905
Peppol ID
0208:0433608905
Other Peppol ID
9925:BE0433608905
Legal form
Public limited company
Status
Active, normal situation
Founded
29-02-1988
Financial year
ends on 31 December
Peppol
Reachable since 05-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
MATHIMMO in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 02-07-2020 (in French)

Activities

NACEBEL 2025
VAT activities
82100 Office administrative and support services main activity
64210 Activities of holding companies
70100 Activities of head offices
Social security (RSZ) activities
64210 Activities of holding companies main activity
Joint committees annual accounts 2025
JC 200 Auxiliary committee for white-collar workers
Codes under NACEBEL 2008
VAT activities
82110 Office administrative, office support and other business support activities main activity
64200 Holdings
70100 Activities of head offices
82190 Office administrative, office support and other business support activities
Social security (RSZ) activities
64200 Holdings main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“Toute action qui concerne directement ou indirectement la gestion, le maintien ou l'extension d'un patrimoine Immobilier propre, en ce…”
5 activities
  1. Toute action qui concerne directement ou indirectement la gestion, le maintien ou l'extension d'un patrimoine Immobilier propre, en ce compris par la location et autres conventions avec des tiers concernant l'utilisation ou la jouissance de ce patrimoine. La société peut, entre autres, acquérir des biens immobiliers, faire construire, restaurer, équiper, transformer, uniquement en vue de sa gestion et valorisation - et donc non en vue de sa vente ou revente -; elle peut aliéner des biens immobiliers, dans la mesure où ils sont aptes à la construction ou lorsque des circonstances impératives l'y! contraignent, en vue de réinvestir le produit de l'aliénation.
  2. La fourniture de toute assistance ou alde sous toutes formes à des tiers, notamment d'autres sociétés ou entreprises unipersonnelles, en matière de gestion, organisation, comptabilité etc; la fourniture de conseils et alde administrative, la mise à disposition de tiers sous quelque forme que ce soit de fournitures, matérlaux, instruments, hardware et logiciels, l'exécution de projets concrets en lien avec ce qui précède, la fourniture de services dans le domaíne de l'organisation et l'application des législations diverses, la mise à disposition de services de gestion, la direction d'entreprises et son organisation, la gestion à tous niveaux, autant pour compte propre que pour compte de tiers d'entreprises commerciales, industrielles ou autres, sous quelconque forme et sans aucune limitation.
  3. La fourniture de prestation de services pour des gens d'affaires et leurs sociétés. Notamment la mise à disposition d'espaces de travail, de bureaux, de matériel informatique, de services de téléphonie et internet, d'une alde administrative, d'une réception, d'un accès à des zones communes, etc.
  4. L'organisation d'un service de secrétariat sans déplacement du personnel en ce compris, mais sans s'y limiter, les travaux de photocopie, de courrier, de dactylographie, la réception et la transmissions de messages téléphoniques et électroniques, la domiciliation et toutes prestations nécessaires à ce service.
  5. La gestion de tous biens ou valeurs immobilières, la prise de participation, de quelque façon que ce soit, dans d'autres sociétés ou entreprises, ainsi que la réalisation d'investissements de trésorerie sous les formes les plus diverses. La société peut également faire tout ce qui contribue directement ou indirectement à son objet, au sens le plus large
deed of 09-03-2023 (in French)

Registered office and establishments

2 establishments
Establishment Since Unit number
Chaussée de Tervuren 389 registered office 1410 Waterloo 27-06-2000 2.036.352.474
Ildefonse Vandammestraat 5-7 1560 Hoeilaart 14-06-2024 2.363.174.772
2 former offices
  • Boulevard du Souverain 24, 1170 Watermael-Boitsfort until 14-06-2024 · deed of 18-07-2024
  • Kortrijksesteenweg 1142 bus 5, 9051 Sint-Denijs-Westrem until 01-01-2019 · deed of 30-01-2019

Buildings and parcels at the address

Ground area
7,205 m²
Buildings
347 m²
Volume, LiDAR
2,211 m³
Tallest building
10.5 m
Buildings to scale, each on its own parcel
347 m², 10.5 m 347 m², 10.5 m

Location

registered office establishment approximate All 2 establishment units on the map
53 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
25763I0362/00B0007,205 m² 1 · 347 m² 10.5 m · 2

Notices of general meetings

Extraordinary general meeting
on 14-07-2008 at 14:00 · published on 24-06-2008
Agenda
Jaarverslag. Goedkeuring jaarrekening. Bestemming resultaat. Kwijting bestuurders. Divers. (AOPC1807446/24.06) (28306) ‘WEVIMMO’, naamloze vennootschap, 8560 Wevelgem, Constant Permekestraat 4 Ondernemingsnummer 0449.045.959 - RPR Kortrijk Gerechtelijk arrondissement Kortrijk De aandeelhouders worden verzocht de buitengewone algemene vergadering bij te wonen die zal plaatsvinden op maandag 14 juli 2008, om 14 uur op het kantoor van notaris Frederic Maelfait te 8530 Harel- beke, Stationsplein 2, met volgende agenda : 1) Naamwijziging. 2) Doel- wijziging. 3) Kapitaal in euro. 4) Wijziging aard aandelen. 5) Aannemen nieuwe statuten. 6) Ontslagneming en benoemingen. 7) Machtiging. (AXPC-1-8-0741 ...

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