Equity
€103,855 from €417,386 in 2019
Equity fell by 75% in 6 years.
MATHIREST
Part of the group
10 companies
Lifetime
10 annual accounts with figures on one time axispeak €1.3m (2019)
-not published
lowest -€147,944 (2020)
-€15,569▲ €97,935
peak €417,386 (2019)
€103,855▼ 13.0%
€474,968▲ 8.2%
peak 25.2 FTE (2019)
22.1 FTE▼ 3.1%
Board1 name since 2015
1 director
Owners
99.68%
Documentsfilings and deeds
09-07-202622 days before the deadline
2025financial year
Loss of €15,569Equity from €119,424 to €103,855Cash from €283,678 to €429,308
Key points
from the 2025 annual accountsLosses
-€240,976 in three years
Every financial year from 2023 to 2025 closed with a loss. 2024 was the heaviest.
Debts
€474,968 82% of the balance sheet
Suppliers 65%Taxes and wages 25%Other 10%
Of this, €451,961 falls due within a year.
Investments
€10,114 0.1 × depreciation
Green is investment, beige is depreciation.
Staff
24 employees on 31-12-2025
In 2025, 13 people joined and 14 left.
Filings
10 annual accounts 1 late
The 2018 accounts came 5 days late. The other nine were filed on time.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 1,423 companies had the same profile as MATHIREST has now. Each dot stands for 4 companies, two years later.
96.5%
were still trading
2.2%
stopped another way
1.0%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,448 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 1,423 companies, not a prediction for MATHIREST. 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
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Signals
Board and ownership
Director, since 05-11-2015
- 99.68%score equity €5.1m (2025) · 2025 annual accounts of
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0642696957
Permanent representative:
General meeting of 30-09-2020 · Gazette deed
Incorporation
published on 09-11-2015 · Gazette deed
First establishment
MATHIREST - MC DONALD'S RESTAURANT, Meir 40, Antwerp
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MATHIREST Antwerp | €3.6m | 0.3% | 17.9% | 22.1 |
| SELLEVIN Braine-l'Alleud | €3.4m | 0.4% | 49.5% | 13.2 |
| Five Guys Belgium BV Brussels | €5.5m | -6.7% | -104.6% | 18.2 |
| Cosiness Europe Uccle | €1.8m | 2.4% | 14.1% | 14.1 |
| ESPEL Halle | €2.7m | 0.5% | 25.6% | 19.2 |
| ORKAM Halle | €2.1m | -1.9% | 22.6% | 20.4 |
| HPB HASSELT BV Antwerp | €2.3m | 3.2% | 31.9% | 10.5 |
Grey: the largest companies of the sector (food and beverage service (NACE 56)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as MATHIREST: limited-service restaurants, excluding mobile food services (NACE 56112). They are comparable in size and age: total assets between €601,000 and €804,000, founded between 2005 and 2020.
Official details
Source: KBO- Status
- Active since 05-11-2015Normal situation
- Activity
- Limited-service restaurants, excluding mobile food servicesNACE 56112
- Establishment unit
- 2.247.271.5512000 Antwerp, since 05-11-2015
- Financial year end
- 31 December
- Peppol
- Reachable since 02-01-2025
Annual accounts 2025
- €578,822▲ 3.7%
- Employeeson 31-12-2025
- 24▼ 4.0%
- Filing
- Filed on 09-07-2026, 22 days before the end of the filing period
Insights on MATHIREST
MATHIREST has existed since 2015. The gross margin grew from €915,942 in 2016 to €1.2m in 2024 and staff from 15.9 to 22.8 full-time equivalents.
holds all the shares.
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 MATHIREST
- What is the company number of MATHIREST?
- The company number of MATHIREST is 0642.696.957. The VAT number is the same number with BE in front: BE 0642.696.957.
- Where is MATHIREST based?
- The registered office is at Meir 40, 2000 Antwerp.Company details
- What does MATHIREST do?
- According to the KBO register, the main activity is limited-service restaurants, excluding mobile food services (NACE 56112).
- What is the legal form of MATHIREST?
- MATHIREST is a private limited company (BV).
- When was MATHIREST founded?
- MATHIREST was founded on 05-11-2015.
- Is MATHIREST still active?
- Yes, MATHIREST is an active enterprise in the KBO register.
- How many employees does MATHIREST have?
- MATHIREST had an average of 22.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of MATHIREST?
- The turnover of MATHIREST was €3.6m in financial year 2025, according to the filed annual accounts.
- Is MATHIREST profitable?
- In financial year 2025, MATHIREST made a loss of €15,569.
- Where can I find the annual accounts of MATHIREST?
- MATHIREST filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MATHIREST due?
- MATHIREST must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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