MATHIREST

Active Private limited companyfounded 2015active for 11 yearsMeir 40, 2000 AntwerpKBO/BCE: BE 0642.696.957 subsidiary of PIAMAN

Part of the group PIAMAN 10 companies

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MATHIREST

Financial year 2025

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Annual accounts 2025

full format, filed on 09-07-2026, 22 days before the deadline

€3.6m

€9,929

▲ €99,018

€143,311

▲ 166%

€117,814

▲ 299%

17.9%

▼ 3.4 percentage points

1.10

▲ 0.27

Money flows

of every €100 of turnover, €0.44 was lost in 2025

Balance sheet

balance sheet total €578,822 on 31-12-2025

What the company ownsHow it is paid for

in euro

Position in the sector

Compare with sector

17.9%

Higher than 38% of 963 companies in 2025.

1.10

Higher than 51% of 942 companies in 2025.

-2.7%

Higher than 27% of 946 companies in 2025.

MATHIREST Middle half of the sector 80% of the sector Full accounts in food and beverage service (NACE 56)

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

Staff

Men and women60% women

8.8 men and 13.3 women in full-time equivalents in 2025.

€51,893

Men €65,162, women €43,114 per full-time equivalent. Jobs differ, so this is not a pay gap.

-1 person

people who joined people who left

In 2025, 13 people joined and 14 left. Training hours in 2025: 795.

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Balance sheet: assets
`20/58`	578,822	558,260	759,005	1.0m	1.2m	986,612	1.3m	1.4m	1.4m	1.4m
`20`	-	-	-	-	-	-	-	0	-	-
`21/28`	83,415	206,683	310,058	422,113	504,695	631,773	756,709	858,679	965,742	1.1m
`21`	21,180	23,299	25,417	27,535	29,653	31,771	33,889	36,007	38,125	40,243
`22/27`	61,736	182,887	284,143	394,080	474,545	599,504	722,322	812,259	917,204	1.0m
`22`	-	-	-	-	-	-	-	0	-	-
`23`	44,442	64,261	69,973	75,734	43,197	48,558	56,297	63,553	57,893	62,023
`24`	1,267	3,139	6,679	2,860	5,010	10,093	17,539	14,244	18,821	24,117
`26`	16,027	115,486	207,492	315,486	426,338	540,853	648,486	734,461	840,490	945,918
`27`	-	-	-	-	-	-	-	0	-	-
`28`	498	498	498	498	498	498	498	10,413	10,413	10,215
`284/8`	498	-	-	-	-	-	-	-	-	-
`284`	198	-	-	-	-	-	-	-	-	-
`285/8`	300	-	-	-	-	-	-	-	-	-
`29/58`	495,408	351,576	448,946	581,117	655,307	354,839	525,174	549,004	415,547	278,621
`29`	-	-	-	-	-	-	-	0	-	-
`290`	-	-	-	-	-	-	-	0	-	-
`291`	-	-	-	-	-	-	-	0	-	-
`3`	18,474	23,048	23,859	14,888	15,023	12,405	16,226	12,173	13,365	12,852
`30/36`	18,474	23,048	23,859	14,888	15,023	12,405	16,226	12,173	13,365	12,852
`34`	18,474	-	-	-	-	-	-	-	-	-
`37`	-	-	-	-	-	-	-	0	-	-
`40/41`	27,044	29,340	28,734	28,953	25,777	20,585	152,464	19,276	18,490	3,972
`40`	27,044	29,340	24,913	27,153	8,408	1,109	17,732	19,156	18,490	3,972
`41`	-	0	3,820	1,800	17,369	19,476	134,732	120	-	-
`50/53`	-	-	-	-	-	-	-	0	-	-
`54/58`	429,308	283,678	379,947	520,093	598,830	306,377	344,852	512,370	377,981	256,183
`490/1`	20,582	15,511	16,406	17,182	15,678	15,472	11,632	5,185	5,711	5,614
Balance sheet: equity and liabilities
`10/49`	578,822	558,260	759,005	1.0m	1.2m	986,612	1.3m	1.4m	1.4m	1.4m
`10/15`	103,855	119,424	232,928	344,831	283,594	269,443	417,386	341,672	341,391	278,547
`10/11`	310,000	310,000	310,000	310,000	310,000	310,000	310,000	310,000	310,000	310,000
`100`	-	-	-	-	-	-	310,000	310,000	310,000	310,000
`101`	-	-	-	-	-	-	-	0	-	-
`11`	-	-	-	-	-	-	-	0	-	-
`1100/10`	-	-	-	-	-	-	-	0	-	-
`12`	-	-	-	-	-	-	-	0	-	-
`13`	-	0	34,831	34,831	-	0	107,386	31,672	31,000	-
`130/1`	-	-	-	-	-	0	-	0	-	-
`130`	-	-	-	-	-	-	31,000	31,000	31,000	-
`1311`	-	-	-	-	-	0	-	-	-	-
`1312`	-	-	-	-	-	-	-	0	-	-
`1319`	-	-	-	-	-	-	-	0	-	-
`132`	-	-	-	-	-	-	-	0	-	-
`133`	-	0	34,831	34,831	-	0	76,386	672	-	-
`14`	-206,145	-190,576	-111,903	0	-26,406	-40,557	-	0	391	-31,453
`15`	-	-	-	-	-	-	-	0	-	-
`19`	-	-	-	-	-	-	-	0	-	-
`16`	-	-	-	-	-	-	-	0	-	-
`160/5`	-	-	-	-	-	-	-	0	-	-
`160`	-	-	-	-	-	-	-	0	-	-
`161`	-	-	-	-	-	-	-	0	-	-
`162`	-	-	-	-	-	-	-	0	-	-
`163`	-	-	-	-	-	-	-	0	-	-
`164/5`	-	-	-	-	-	-	-	0	-	-
`168`	-	-	-	-	-	-	-	0	-	-
`17/49`	474,968	438,836	526,077	658,399	876,408	717,169	864,496	1.1m	1.0m	1.1m
`17`	-	-	-	0	135,456	235,572	268,666	399,668	528,498	655,193
`170/4`	-	-	-	0	135,456	235,572	268,666	399,668	528,498	655,193
`175`	-	-	-	-	-	-	-	0	-	-
`176`	-	-	-	-	-	-	-	0	-	-
`178/9`	-	-	-	-	-	-	-	0	-	-
`42/48`	451,961	425,230	518,536	653,259	727,173	474,127	581,417	653,814	511,400	425,949
`42`	24,504	30,593	24,246	161,973	138,100	147,251	148,471	144,773	147,168	125,427
`43`	-	-	-	-	0	50,417	-	0	-	-
`430/8`	-	-	-	-	0	50,417	-	0	-	-
`439`	-	-	-	-	-	-	-	0	-	-
`44`	309,154	278,229	370,800	376,527	353,358	230,042	326,996	305,138	262,819	213,617
`440/4`	309,154	278,229	370,800	376,527	353,358	230,042	326,996	305,138	262,819	213,617
`441`	-	-	-	-	-	-	-	0	-	-
`46`	-	-	-	-	-	-	-	0	-	-
`45`	118,008	116,085	123,121	114,456	60,563	46,417	105,676	108,062	100,156	74,759
`450/3`	11,834	10,387	10,438	10,385	315	986	7,741	26,340	31,872	9,629
`454/9`	106,174	105,698	112,682	104,072	60,249	45,431	97,934	81,722	68,284	65,130
`47/48`	295	323	369	303	175,151	0	274	95,841	1,257	12,145
`492/3`	23,007	13,606	7,540	5,139	13,780	7,470	14,413	12,528	-	1,448
Income statement
`70/76A`	3.6m	-	-	-	-	-	-	-	-	-
`70`	3.6m	-	-	-	-	-	3.1m	-	-	-
`74`	11,255	-	-	-	-	-	-	-	-	-
`76A`	-	0	4,000	-	-	0	847	-	-	-
`9900`	-	1.2m	1.2m	1.3m	1.2m	698,325	1.3m	1.1m	1.0m	915,942
`60/66A`	3.6m	-	-	-	-	-	-	-	-	-
`60/61`	-	-	-	-	-	-	1.9m	-	-	-
`60`	993,689	-	-	-	-	-	-	-	-	-
`600/8`	989,116	-	-	-	-	-	-	-	-	-
`609`	4,573	-	-	-	-	-	-	-	-	-
`61`	1.3m	-	-	-	-	-	-	-	-	-
`62`	1.1m	1.1m	1.2m	1.0m	809,539	664,799	969,982	784,563	744,937	761,936
`630`	133,382	142,995	143,488	141,126	137,080	139,297	134,335	129,369	126,058	135,344
`631/4`	-	-	-	-	-	-	-	0	-	-
`635/8`	-	-	-	-	-	-	-	0	-	-
`640/8`	21,654	22,142	11,394	11,715	21,062	21,372	18,172	16,915	33,970	6,122
`649`	-	-	-	-	-	-	-	0	-	-
`66A`	-	-	-	0	22,500	3,254	-	0	-	-
`9901`	9,929	-89,089	-84,482	93,230	202,319	-130,396	143,796	158,998	111,064	12,541
`75/76B`	-	0	1	853	0	-	0	6	280	50
`75`	-	0	1	853	0	-	0	6	280	50
`76B`	-	-	-	-	-	-	-	0	-	-
`65/66B`	25,323	24,276	27,438	24,354	13,173	16,845	30,748	23,360	24,788	44,044
`65`	25,323	24,276	27,438	24,354	13,173	16,845	30,748	23,360	24,788	44,044
`650`	2,571	-	-	-	-	-	-	-	-	-
`652/9`	22,752	-	-	-	-	-	-	-	-	-
`66B`	-	-	-	-	-	-	-	0	-	-
`9903`	-15,394	-113,365	-111,919	69,729	189,146	-147,241	113,048	135,644	86,556	-31,453
`67/77`	174	139	-16	8,493	-5	702	37,333	40,813	23,712	-
`670/3`	174	-	-	-	-	-	-	-	-	-
`9904`	-15,569	-113,504	-111,903	61,237	189,151	-147,944	75,715	94,831	62,844	-31,453
`789`	-	-	-	-	-	-	-	0	-	-
`689`	-	-	-	-	-	-	-	0	-	-
`9905`	-15,569	-113,504	-111,903	61,237	189,151	-147,944	75,715	94,831	62,844	-31,453
Appropriation of the result
`9906`	-206,145	-225,407	-111,903	34,831	148,594	-147,944	75,715	95,222	31,391	-31,453
`14P`	-190,576	-111,903	0	-26,406	-40,557	-	-	-	-	-
`791/2`	0	34,831	-	-	0	107,386	-	0	-	-
`792`	0	-	-	-	-	-	-	-	-	-
`691/2`	-	-	0	34,831	-	0	75,715	672	31,000	-
`691`	-	-	-	-	-	-	-	0	-	-
`6920`	-	-	-	-	-	-	-	0	31,000	-
`6921`	-	-	0	34,831	-	0	75,715	672	-	-
`694/7`	-	-	-	0	175,000	-	0	94,550	-	-
`694`	-	-	-	0	175,000	-	0	94,550	-	-
`695`	-	-	-	-	-	-	-	0	-	-
`696`	-	-	-	-	-	-	-	0	-	-
Social balance sheet
`9087`	22.1	22.8	24.2	24.3	22.5	24	25.2	19.9	18.2	15.9
Men (FTE)`1003`	8.8	-	-	-	-	-	-	-	-	-
Women (FTE)`1003`	13.3	-	-	-	-	-	-	-	-	-
Hours worked`1013`	36,793	36,603	39,529	38,021	32,351	27,775	41,283	13,413	32,082	30,059
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The notes to these accounts have 45 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 09-07-2026.

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	09-07-2026	2026-00274095	PDF
31-12-2024	abbreviated format	30-06-2025	2025-00194909	PDF
31-12-2023	abbreviated format	03-07-2024	2024-00205743	PDF
31-12-2022	abbreviated format	14-07-2023	2023-00235007	PDF
31-12-2021	abbreviated format	30-06-2022	2022-20112068	PDF
31-12-2020	abbreviated format	30-06-2021	2021-28500546	PDF
31-12-2019	abbreviated format	17-07-2020	2020-31200201	PDF
31-12-2018	abbreviated format	05-08-2019	2019-43600334	PDF
31-12-2017	abbreviated format	30-07-2018	2018-41400470	PDF
31-12-2016	abbreviated format	28-07-2017	2017-38200197	PDF

Subsidies and aid

Flemish government 2022, 1 entry, €500 awarded, €500 paid

Stagebonus (discontinued)

€500

Key figures and ratios

per financial year, computed from the annual accounts

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
143,311	53,906	59,006	234,356	339,399	8,901	278,131	288,367	237,122	147,885
117,814	29,491	31,585	202,363	326,231	-8,647	210,050	224,200	188,902	103,891
10,114	39,620	31,433	58,543	10,002	14,361	42,281	22,305	9,285	1.2m
145,630	-96,269	-140,146	-78,737	292,452	-38,474	-167,518	134,389	121,798	-
43,447	-73,654	-69,590	-72,143	-71,866	-119,288	-56,244	-104,810	-95,853	-147,328
0.3%	-	-	-	-	-	4.6%	-	-	-
17.9%	21.4%	30.7%	34.4%	24.4%	27.3%	32.6%	24.3%	24.7%	20.5%
1.10	0.83	0.87	0.89	0.90	0.75	0.90	0.84	0.81	0.65
1.06	0.77	0.82	0.87	0.88	0.72	0.88	0.82	0.79	0.62
4.57	3.67	2.26	1.91	3.09	2.66	2.07	3.12	3.05	3.89
-15.0%	-95.0%	-48.0%	17.8%	66.7%	-54.9%	18.1%	27.8%	18.4%	-11.3%
-2.7%	-20.3%	-14.7%	6.1%	16.3%	-15.0%	5.9%	6.7%	4.5%	-2.3%
55.74	2.22	2.15	9.62	25.76	-	-	-	-	-
3 days	-	-	-	-	-	2 days	-	-	-
50 days	-	-	-	-	-	64 days	-	-	-

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.

Social balance sheet

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	24	25	28	32	27
full-time	9	10	7	8	8
part-time	15	15	21	24	19
in full-time equivalents	20.3	21.9	23.2	26.7	23
	22.1	22.8	24.2	24.3	22.5
On a permanent contract	18	19	20	23	22
Joined	13	12	12	17	8
Left	14	15	16	12	7
Training hours	795	671	671	-	-

Source: social balance sheet in the 2021 to 2025 annual accounts

Investments

fixed assets acquired

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€10,114	€39,620	€31,433	€58,543	€10,002
	€133,382	€142,995	€143,488	€141,126	€137,080

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

Insights on MATHIREST

The operating result for 2025 is a profit of €9,929, after a loss of €89,089 in 2024. It is the highest result since 2022.

Debt's share of the balance-sheet total rises from 78.6% to 82.1%. Equity is lower and debt is higher.

Next steps

Work out how much credit to give this customer and on what payment terms.Credit check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed

Annual accounts 2025

Money flows

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency17.9%

Current ratio1.10

Return on assets-2.7%

Staff

Men and women60% women

Staff cost per FTE€51,893

Joined and left-1 person

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2022, 1 entry, €500 awarded, €500 paid

Key figures and ratios

Social balance sheet

Investments

Insights on MATHIREST

Next steps

in euro

in euro

17.9%

1.10

-2.7%

€51,893

-1 person