MATHITRANS
ActiveSummary
MATHITRANS has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €361k and a net result of €74k. Equity is growing by ~12.3% per year across the filed fiscal years. Its solvency ranks better than 66% of 1851 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability82▼-1
Solvency78▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity tight (current ratio 1.4 against 1.44 in 2024; short-term debt: 46.2% and cash: 16.6% of total assets), and 46.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Sector 49
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
53.4%
Return on assets
10.9%
Age of the figures
9 mo
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
61 d late
2023
34 d early
2022
32 d early
2021
30 d late
2020
27 d late
2019
61 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€361k▲ 25.7%
2024 · €287k
2018: €173k
2019: €162k
2020: €181k
2021: €211k
2022: €257k
2023: €310k
2024: €287k
2018 → 2025
Total assets
€675k▲ 2.8%
2024 · €657k
2018: €376k
2019: €407k
2020: €474k
2021: €660k
2022: €628k
2023: €591k
2024: €657k
2018 → 2025
Net result
€74k▼ 3.9%
2024 · €77k
2018: €2k
2019: €18k
2020: €19k
2021: €63k
2022: €61k
2023: €53k
2024: €77k
2018 → 2025
Working capital
€125k▼ 20.0%
2024 · €156k
2018: €136k
2019: €139k
2020: €122k
2021: €61k
2022: €98k
2023: €176k
2024: €156k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€211k-€257k▲ 21.5%€310k▲ 20.7%€287k▼ 7.3%€361k▲ 25.7%
Operating result€91k-€87k▼ 5.4%€83k▼ 3.7%€121k▲ 45.1%€112k▼ 7.5%
Net result€63k-€61k▼ 2.3%€53k▼ 13.0%€77k▲ 44.4%€74k▼ 3.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 8% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €675k
Fixed assets
€239k ▲ 59.1%
Current assets
€437k ▼ 13.9%
Equity and liabilities €675k
Equity
€361k ▲ 25.7%
Debt
€315k ▼ 15.0%
Debt's share of the balance-sheet total falls from 56.3% to 46.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€175k▼
2024 · €191k
Cash flow
€137k▼
2024 · €146k
Current ratio
1.40▼
2024 · 1.44
Debt to equity
0.87▼
2024 · 1.29
ROE
20.4%▼
2024 · 26.8%
ROA
10.9%▼
2024 · 11.7%
Interest coverage
25.53▼
2024 · 38.89
Debt ≤ 1 year
€312k▼
2024 · €351k
Debt > 1 year
€3k▼
2024 · €19k
Income taxes
€31k▼
2024 · €39k
Staff costs
€64k▼
2024 · €66k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€657k€675k▲
Fixed assets21/28€150k€239k▲
Tangible fixed assets22/27€146k€234k▲
Plant, machinery and equipment23€817€457▼
Furniture and vehicles24€141k€234k▲
Leasing and similar rights25€4k-
Financial fixed assets28€4k€5k▲
Current assets29/58€507k€437k▼
Amounts receivable within one year40/41€391k€319k▼
Trade receivables40€387k€302k▼
Other amounts receivable41€4k€17k▲
Cash at bank and in hand54/58€111k€112k▲
Deferred charges and accrued income490/1€5k€5k▲
Equity and liabilities
Total equity and liabilities10/49€657k€675k▲
Equity10/15€287k€361k▲
Contributions10/11€20k€20k=
Reserves13€209k€283k▲
Tax-exempt reserves132€16k€16k=
Distributable reserves133€193k€267k▲
Profit (loss) carried forward14€58k€58k=
Amounts payable17/49€370k€315k▼
Amounts payable after more than one year17€19k€3k▼
Financial debts170/4€19k€3k▼
Amounts payable within one year42/48€351k€312k▼
Current portion of amounts payable after more than one year42€20k€16k▼
Trade debts44€138k€127k▼
Suppliers440/4€138k€127k▼
Taxes, remuneration and social security45€45k€45k▲
Taxes450/3€38k€36k▼
Remuneration and social security454/9€6k€9k▲
Other amounts payable47/48€148k€124k▼
Accrued charges and deferred income492/3€23-
Income statement
Code20242025
Non-recurring operating income76A€13k€11k▼
Remuneration, social security and pensions62€66k€64k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€70k€64k▼
Other operating charges640/8€36k€41k▲
Non-recurring operating charges66A€775-
Gross operating margin9900€294k€281k▼
Operating profit (loss)9901€121k€112k▼
Financial income75/76B€98€109▲
Recurring financial income75€98€109▲
Financial charges65/66B€5k€7k▲
Recurring financial charges65€5k€7k▲
Profit (loss) for the period before taxes9903€116k€105k▼
Income taxes67/77€39k€31k▼
Profit (loss) for the period9904€77k€74k▼
Profit (loss) for the period to be appropriated9905€77k€74k▼
Appropriation of the result
Profit (loss) to be appropriated9906€135k€132k▼
Profit (loss) brought forward from the previous period14P€58k€58k=
Transfer from equity791/2€99k-
Transfer to equity691/2€77k€74k▼
To other reserves6921€77k€74k▼
Profit to be distributed694/7€99k-
Return on contributions (dividend)694€99k-
Social balance
Average headcount (FTE)90870.81.0▲
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 61 days late
2024
31-12
Financial
Highest result since 2018net €77k ▲44.4%
Operating result €121k, net result €77k, both a record.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
31-12
Financial
Equity above €200kEq €211k ▲16.7%
4 profitable years in a row build equity to €211k.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 27 days late
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 61 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Wingene · 1 establishment unit since 2006
Ground area
1,153 m²
Building footprint
183 m²
Volume, LiDAR
940 m³
Parcel 37018D1168/00E000, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MATHITRANS BVBA
since 20062.156.817.368
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37018D1168/00E000 | Flanders | 1,153 m² | 1 · 183 m² | 9.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 3,508 EUR awarded · 3,508 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 60 EUR | 60 EUR |
| 2024 | 1 | 60 EUR | 60 EUR |
| 2023 | 2 | 3,302 EUR | 3,302 EUR |
| 2022 | 1 | 86 EUR | 86 EUR |
Schemes
Subsidies ecologisch en veilig transport (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteWingene2.156.817.368
Similar companies · same sector, comparable size
F & K LOGISTICS
BE 0807.993.271
Kluisbergen · Eq €361,114
AERTS
BE 0450.379.908
Herk-de-Stad · Eq €360,821
T. VAN MELE
BE 0884.443.921
Beveren-Kruibeke-Zwijndrecht · Eq €361,365
CHEESELINE
BE 0441.187.078
Brugge · Eq €361,419
De Marie Gert
BE 0826.174.932
Pajottegem · Eq €361,688
Of 12,604 companies in sector 49410 we hold annual accounts for 8,202. 5,639 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-09-2006
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
01610Support activities for crop production
52241Warehousing and support activities for transportation
52250Logistics services
77120Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:051694150