MATHINA
MATHINA has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €312k and a net result of €614. Equity is growing by ~21.4% per year across the filed fiscal years. Its solvency ranks better than 52% of 8073 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
| Equity | €312k |
| Net result | €614 |
| Better than sector | 52% |
| Active | 16 yrs |
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 56.2% | 53.8% | |
| Net result | €614 | €46k | |
| Equity | €312k | €443k | |
| Gross operating margin | €48k | €99k | |
| Employees (FTE) | 0.0 | 0.3 |
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Deposit | abbreviated schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €44k | €156k | €153k | €133k |
| Net profit | €614 | €87k | €96k | €87k |
| Cash flow | €29k | €111k | €108k | €96k |
| Staff costs | - | - | - | - |
| Income taxes | €9k | €40k | €41k | €35k |
| Dividends | €0 | €21k | - | - |
| Total assets | €554k | €604k | €531k | €439k |
| Equity | €312k | €311k | €246k | €150k |
| Debt | €243k | €293k | €285k | €289k |
| of which ≤ 1y | €58k | €78k | €85k | €74k |
| of which > 1y | €185k | €215k | €200k | €215k |
| Working capital | €150k | €146k | €93k | €60k |
| Employees (FTE) | 0.0 | - | - | - |
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | 3.59 | 2.87 | 2.10 | 1.82 |
| Quick ratio | 3.59 | 2.87 | 2.10 | 1.82 |
| Working capital ratio | 27.0% | 24.2% | 17.6% | 13.8% |
| Solvency | 56.2% | 51.5% | 46.3% | 34.1% |
| Debt / equity | 0.78 | 0.94 | 1.16 | 1.93 |
| Long-term debt ratio | 0.59 | 0.69 | 0.81 | 1.44 |
| Interest coverage | 7.74 | 33.54 | 38.58 | 32.10 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 0.1% | 14.4% | 18.1% | 19.8% |
| ROE | 0.2% | 27.9% | 39.2% | 58.1% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Full annual accounts (23 line items)
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €554k | €604k | €531k | €439k |
| Fixed assets | 21/28 | €347k | €380k | €352k | €304k |
| Tangible fixed assets | 22/27 | €347k | €380k | €352k | €304k |
| Current assets | 29/58 | €208k | €224k | €179k | €134k |
| Amounts receivable within one year | 40/41 | €78k | €86k | €10k | - |
| Cash & bank | 54/58 | €58k | €112k | €139k | €95k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €554k | €604k | €531k | €439k |
| Equity | 10/15 | €312k | €311k | €246k | €150k |
| Contributions / capital | 10/11 | €6k | €6k | €6k | €6k |
| Reserves | 13 | €306k | €305k | €240k | €143k |
| Accumulated profits (losses) | 14 | €0 | €0 | - | - |
| Amounts payable | 17/49 | €243k | €293k | €285k | €289k |
| Amounts payable after one year | 17 | €185k | €215k | €200k | €215k |
| Amounts payable within one year | 42/48 | €58k | €78k | €85k | €74k |
| Trade debts payable within one year | 44 | €4k | €21k | €47k | €2k |
| Income statement | |||||
| Gross operating margin | 9900 | €48k | €158k | €153k | €134k |
| Operating result | 9901 | €15k | €131k | €141k | €125k |
| Financial income | 75 | €104 | €0 | €425 | €2k |
| Financial charges | 65 | €6k | €5k | €4k | €4k |
| Result before taxes | 9903 | €10k | €126k | €138k | €122k |
| Income taxes | 67/77 | €9k | €40k | €41k | €35k |
| Net result for the period | 9904 | €614 | €87k | €96k | €87k |
| Result to be appropriated | 9905 | €614 | €87k | €96k | €87k |
| NACE primary | Business and other management consultancy(70200) |
| Legal form | Private limited company(610) |
| Incorporation | 25-11-2009 |
| Status | Active |
| Postal code | 9880 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44035B1288/00D000 | Flanders | 1,343 m² | 1 · 169 m² | 8.3 m · 2 fl. |
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
13-12-2024 Registered office moved within Aalter
- Congostraat 20, 9880 Aalter → NEVELESTRAAT 28 A 9880 AALTER (LOTENHULLE)
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "NEVELESTRAAT 28 A\n9880 AALTER (LOTENHULLE)",
"city": "Aalter",
"region": "vlaams_gewest",
"street": "NEVELESTRAAT",
"country": "BE",
"postcode": "9880",
"box_number": "A",
"street_number": "28",
"locality_suffix": "(LOTENHULLE)"
},
"old_address": {
"raw": "Congostraat 20, 9880 Aalter",
"city": "Aalter",
"region": "vlaams_gewest",
"street": "Congostraat",
"country": "BE",
"postcode": "9880",
"box_number": null,
"street_number": "20",
"locality_suffix": null
},
"effective_date": "2024-12-14",
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "absolute",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": "MATHINA",
"firm_city": null,
"firm_name": null,
"office_city": "Gent",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2024-12-13",
"filing_date": "2024-12-04",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "bijzondere_algemene_vergadering",
"date": "2024-11-20",
"unanimous": null
},
"subject_company": {
"kbo": "0820.889.521",
"name_full": "MATHINA",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "DE RUYCK MIGUEL",
"org_rep_person_name": null,
"person_role_at_subject": "Bestuurder"
},
"co_filed_documents": [
"Bijlagen bij het Belgisch Staatsblad- 13/12/2024-Annexes du Moniteur belge",
"Mod DOC 19.01"
]
}| Legal nameNL | MATHINA |