MathIT
The computed 12-month bankruptcy probability of MathIT is 1.6% (moderate). The 2025 annual accounts show equity of €37k and a net result of €22k. Equity is growing by ~44.4% per year across the filed fiscal years. Its solvency ranks better than 44% of 1433 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €37k |
| Net result | €22k |
| Staff (FTE) | 1.8 |
| Better than sector | 44% |
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →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 | 17.3% | 23.5% | |
| Net result | €22k | €7k | |
| Equity | €37k | €25k | |
| Gross operating margin | €117k | €34k | |
| Staff costs | €71k | €42k |
Figures by fiscal year and ratios
| Fiscal year | 2025 |
|---|---|
| Deposit | micro schema |
| Revenue | - |
| EBITDA | €46k |
| Net profit | €22k |
| Cash flow | €28k |
| Staff costs | €71k |
| Income taxes | €12k |
| Dividends | - |
| Total assets | €216k |
| Equity | €37k |
| Debt | €179k |
| of which ≤ 1y | €179k |
| of which > 1y | - |
| Working capital | €16k |
| Employees (FTE) | 1.8 |
| 2025 | |
|---|---|
| Current ratio | 1.09 |
| Quick ratio | 1.09 |
| Working capital ratio | 7.5% |
| Solvency | 17.3% |
| Debt / equity | 4.77 |
| Long-term debt ratio | - |
| Interest coverage | 7.78 |
| Gross margin | - |
| Net margin | - |
| ROA | 10.3% |
| ROE | 59.3% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Full annual accounts (22 line items)
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €216k |
| Fixed assets | 21/28 | €21k |
| Intangible fixed assets | 21 | €3k |
| Tangible fixed assets | 22/27 | €18k |
| Current assets | 29/58 | €195k |
| Amounts receivable within one year | 40/41 | €145k |
| Cash & bank | 54/58 | €50k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €216k |
| Equity | 10/15 | €37k |
| Contributions / capital | 10/11 | €10k |
| Accumulated profits (losses) | 14 | €27k |
| Amounts payable | 17/49 | €179k |
| Amounts payable within one year | 42/48 | €179k |
| Trade debts payable within one year | 44 | €136k |
| Income statement | ||
| Gross operating margin | 9900 | €117k |
| Operating result | 9901 | €40k |
| Financial income | 75 | €25 |
| Financial charges | 65 | €6k |
| Result before taxes | 9903 | €34k |
| Income taxes | 67/77 | €12k |
| Net result for the period | 9904 | €22k |
| Result to be appropriated | 9905 | €22k |
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BV Kga InitiativeLegal entityDirectorState Gazette act 23029632 (01-03-2023)Current01-01-2023 → present
-
CommV MatcomLegal entityDirectorState Gazette act 23029632 (01-03-2023)Current01-01-2023 → present
Permanent representatives (2)
-
Kga Initiative BVLegal entityPermanent representative· perm. rep.: Kristof GabrielsState Gazette act 23029632 (01-03-2023)Permanent representative01-01-2023 → present
-
Matcom CommVLegal entityPermanent representative· perm. rep.: Mathias SmetState Gazette act 23029632 (01-03-2023)Permanent representative01-01-2023 → present
Former directors (1)
-
Mathias SmetDirectorState Gazette act 23029632 (01-03-2023)Former- → 01-01-2023
| NACE primary | Retail sale of information and communication equipment(47400) |
| Legal form | Private limited company(610) |
| Incorporation | 20-01-2020 |
| Status | Active |
| Postal code | 9120 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46502D0435/00A000 | Flanders | 212 m² | 1 · 169 m² | 16.8 m · 4 fl. |
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
01-03-2023 4 directors appointed, 1 resigning
- BV Kga Initiative, Bestuurder
- Kristof Gabriels, Vaste vertegenwoordiger
- CommV Matcom, Bestuurder
- Mathias Smet, Vaste vertegenwoordiger
- Mathias Smet, Bestuurder
Technical details
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}| Legal nameNL | MathIT |