MATHITRANS

Active Private limited companyfounded 2006active for 20 yearsHoogweg 9C, 8750 WingeneKBO/BCE: BE 0883.511.335

MATHITRANS

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Overview

Lifetime

19 annual accounts with figures on one time axis

Compare with

peak €293,738 (2024)

€280,507▼ 4.5%

peak €76,822 (2024)

€73,791▼ 3.9%

peak €360,978 (2025)

€360,978▲ 25.7%

€314,515▼ 15.0%

peak 1 FTE (2021)

1 FTE▲ 25.0%

Board2 names since 2019

2 directorsTHIMAQ and 1 other

Documentsfilings and deeds

03-07-202628 days before the deadline

2025abbreviated format

Staff from 0.8 FTE to 1 FTEAppointment: Thibo Quyssens (director) 26-03Equity from €287,187 to €360,978Investments €152,265

Key points

from the 2025 annual accounts

Equity

€360,978 ▲ 25.7%

MATHITRANS has made a profit in every financial year since 2007.

Investments

€152,130 2.4 × depreciation

Green is investment, beige is depreciation.

Staff

1 employees on 31-12-2025

In 2025, 1 person joined and nobody left.

Checked score

Excellent

Financially stronger than 64% of micro companies in land transport (NACE 49)

Probability in this band: under 0.55%

Bankruptcy probability within 12 months 0.3% Very low

0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 1.8% across 9,092 companies (NACE 49, micro).

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.3%lowest value 01-2025: 0.3%● unchanged vs 12-2024lowest value 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.4%▲ +0.1 percentage points vs 05-2025 07-2025: 0.5%▲ +0.1 percentage points vs 06-2025 08-2025: 0.8%▲ +0.3 percentage points vs 07-2025 09-2025: 1.0%▲ +0.2 percentage points vs 08-2025 10-2025: 1.4%▲ +0.4 percentage points vs 09-2025highest value 11-2025: 0.4%▼ -1.0 percentage point vs 10-2025 12-2025: 0.4%● unchanged vs 11-2025 01-2026: 0.4%● unchanged vs 12-2025 02-2026: 0.4%● unchanged vs 01-2026 03-2026: 0.4%● unchanged vs 02-2026 04-2026: 0.5%▲ +0.1 percentage points vs 03-2026 05-2026: 0.5%● unchanged vs 04-2026 06-2026: 0.5%● unchanged vs 05-2026 07-2026: 0.5%● unchanged vs 06-2026 08-2026: 0.3%▼ -0.2 percentage points vs 07-2026 09-2026: 0.3%● unchanged vs 08-2026 10-2026: 0.3%● unchanged vs 09-2026 11-2026: 0.3%● unchanged vs 10-2026

Financial strength

Strong

78+9equity 53.4% of total assets

48+4short-term debt 46.2% · cash 16.6%

82-1return on assets 10.9%

Score breakdown

raises risk

Sector: Land transport and transport via pipelines (NACE 49)

1 of the last 3 accounts late

lowers risk

Equity €360,978 (53.4% of total assets)

Liquidity: current ratio 1.40, cash €112,237

Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 49, micro). It does better than 66% of them on solvency, 49% on liquidity, 70% on profitability and 70% on growth.

The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 31,368 companies had the same profile as MATHITRANS has now. Each dot stands for 79 companies, two years later.

93.5%

were still trading

5.9%

stopped another way

0.5%

went bankrupt

Micro
20 years or older
solvency 30% or more
a profit of 5% of the balance sheet or more

Another 0.1% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of MATHITRANS itself: 0.3% within 12 months.

Test of the method

The method was tested on the 497,447 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 31,368 companies, not a prediction for MATHITRANS. 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

Credit of up to €30,000 on 30-day terms is acceptable

Liquidity is tight, with a current ratio of 1.4 (1.44 in 2024), below the usual 1.5. Short-term debt is 46.2% and cash 16.6% of total assets. 46.6% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.

lowers riskraises riskneutral

Sector: Land transport and transport via pipelines (NACE 49)

KBO

1 of the last 3 accounts late

NBB · filings

Equity €360,978 (53.4% of total assets)

NBB · annual accounts

Liquidity: current ratio 1.40, cash €112,237

NBB · annual accounts

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 filings

Deviation from the deadline

2025

28 days early

2024

61 days late

2023

34 days early

2022

32 days early

2021

30 days late

2020

27 days late

2019

61 days late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 12 days after the deadline. In the sector (NACE 49), the median for financial year 2024 was on the deadline day, and 49% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 3 July (4 of the last 5 accounts filed within 58 days either side of that date).

Companies Code · seven months

Where today falls in the filing period

09-11-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

That holds for every publication since 2021.

KBO publications

Board and ownership

THIMAQ

Director, QUYSSENS Gerdi

Thibo Quyssens

Director

Board & ownership

Recent changes

03-10-2025

Registered in the Peppol Directory Reachable for e-invoices through 0208:0883511335

26-03-2025

Appointment: Thibo Quyssens (director) Permanent representative: Gerdi Quyssens · General meeting of 31-12-2024 · Gazette deed

03-10-2023

1 manager resigning, 1 director reappointed Resignation: THIMAQ (manager) · Reappointment: THIMAQ (director) · Permanent representative: QUYSSENS Gerdi · General meeting of 27-09-2023 · Gazette deed

02-10-2006

First establishment MATHITRANS BVBA, Hoogweg 9C, Wingene

All 29 events

Comparable companies

same main activity, similar in size and age

Company
MATHITRANS Wingene	€0.7m	€280,507	53.4%	1
DEVOLDERE-WILLE Tielt	€0.9m	€270,726	65.5%	1.2
PAUWELYN Staden	€1.1m	€250,351	51.3%	1
TACK TRANS Tielt	€0.7m	€292,424	92.4%	1
AVB-Trans Tielt	€1.1m	€431,294	54.3%	1
CWMS Berlaar	€0.6m	€200,218	44.6%	1
TRANSPORT VERHOFSTADT Evergem	€0.5m	€189,844	38.4%	1

These companies have the same main activity as MATHITRANS: freight transport by road (NACE 49410). They are comparable in size and age: total assets between €546,000 and €1.1m, founded between 1995 and 2007.

Official details

Source: KBO

Status: Active since 14-09-2006Normal situation
Activity: Freight transport by roadNACE 49410and 4 others
Joint committee: 140.03Road transport and logistics for third parties · annual accounts 2023
Establishment unit: 2.156.817.3688750 Wingene, since 02-10-2006
Financial year end: 31 December
Peppol: Reachable since 03-10-2025

Company details

Annual accounts 2025

: €280,507▼ 4.5%
: ≈ €600,000estimated
: €73,791▼ 3.9%
: €360,978▲ 25.7%
: €675,493▲ 2.8%
Employeeson 31-12-2025: 1
Filing: Filed on 03-07-2026, 28 days before the end of the filing period

Financials

Insights on MATHITRANS

MATHITRANS files the abbreviated format. That format states no turnover. The gross margin rose from €67,882 in 2007 to €280,507 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

abbreviated format, filed on 03-07-2026, 28 days before the deadline

€280,507

▼ 4.5%

€111,794

▼ 7.5%

€73,791

▼ 3.9%

€124,933

▼ 20.0%

53.4%

▲ 9.7 percentage points

1.40

▼ 0.04

Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €600,000. Estimated: probably between €470,000 and €890,000.

Balance sheet

balance sheet total €675,493 on 31-12-2025

What the company ownsHow it is paid for

in euro

Position in the sector

Compare with sector

53.4%

Higher than 67% of 2,418 companies in 2025.

1.40

Higher than 51% of 2,369 companies in 2025.

10.9%

Higher than 74% of 2,377 companies in 2025.

MATHITRANS Middle half of the sector 80% of the sector Abbreviated accounts in land transport (NACE 49)

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

Staff

€63,926

Staff costs divided by the average number of full-time equivalents.

+1 person

people who joined people who left

In 2025, 1 person joined and nobody left.

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	2015	2014	2013	2012	2011	2010	2009	2008	2007
Balance sheet: assets
`20/58`	675,493	657,089	591,426	627,774	660,137	474,102	407,400	376,407	406,389	414,235	268,686	244,865	220,381	249,765	225,838	145,144	95,762	103,991	102,525
`21/28`	238,765	150,058	173,612	239,698	215,915	158,971	107,142	83,185	74,645	103,506	36,037	56,677	81,510	121,431	137,837	92,168	35,314	47,461	46,893
`22/27`	234,260	145,688	169,242	235,463	211,680	154,601	105,467	81,510	72,970	101,831	35,997	56,637	81,470	121,391	137,797	92,128	35,274	47,421	46,853
`22`	-	-	571	1,143	1,714	2,286	2,857	3,428	82	1,039	3,015	4,991	6,967	8,964	11,204	14,006	9,013	-	-
`23`	457	817	1,177	1,537	34	459	2,198	4,552	6,101	14,076	8,677	9,016	5,683	7,987	4,911	2,253	3,759	4,884	8,857
`24`	233,803	140,627	146,545	195,131	155,575	80,796	100,412	73,529	66,787	86,715	24,305	42,630	68,820	104,440	121,681	75,870	22,502	42,537	37,996
`25`	-	4,244	20,948	37,652	54,356	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`28`	4,505	4,370	4,370	4,235	4,235	4,370	1,675	1,675	1,675	1,675	40	40	40	40	40	40	40	40	40
`29/58`	436,728	507,031	417,814	388,076	444,222	315,131	300,258	293,222	331,744	310,729	232,649	188,189	138,870	128,335	88,001	52,976	60,448	56,530	55,632
`40/41`	319,041	391,263	359,853	318,215	330,057	245,346	202,219	123,264	146,296	166,912	121,621	77,821	58,745	80,616	41,956	31,036	17,205	22,302	2,170
`40`	301,641	387,293	347,156	310,701	317,186	234,185	189,966	118,965	137,302	144,472	121,522	77,369	58,745	80,616	41,952	31,036	17,205	22,302	2,170
`41`	17,399	3,970	12,697	7,514	12,870	11,161	12,253	4,299	8,994	22,440	99	451	-	-	4	-	-	-	-
`54/58`	112,237	110,644	52,701	67,973	109,337	69,726	98,039	169,958	181,536	143,817	111,027	109,534	80,125	47,718	46,045	21,940	43,243	34,228	53,463
`490/1`	5,450	5,124	5,260	1,889	4,828	59	-	-	3,912	-	-	834	-	-	-	-	-	-	-
Balance sheet: equity and liabilities
`10/49`	675,493	657,089	591,426	627,774	660,137	474,102	407,400	376,407	406,389	414,235	268,686	244,865	220,381	249,765	225,838	145,144	95,762	103,991	102,525
`10/15`	360,978	287,187	309,767	256,573	211,233	180,941	162,019	173,417	171,064	155,238	122,917	122,598	93,332	88,694	78,052	66,163	56,321	38,604	25,681
`10/11`	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000
`100`	-	-	-	-	-	-	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000
`13`	283,125	209,334	231,914	178,720	133,380	103,088	84,166	95,564	95,564	79,737	47,417	47,417	18,151	18,151	18,151	2,000	2,000	2,000	365
`130/1`	-	-	-	2,000	2,000	2,000	-	-	-	-	-	-	-	-	-	-	-	-	-
`130`	-	-	-	-	-	-	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	365
`1311`	-	-	-	2,000	2,000	2,000	-	-	-	-	-	-	-	-	-	-	-	-	-
`132`	16,151	16,151	16,151	16,151	16,151	16,151	16,151	16,151	16,151	16,151	16,151	16,151	16,151	16,151	16,151	-	-	-	-
`133`	266,974	193,183	215,763	160,569	115,229	84,937	66,015	77,413	77,413	61,586	29,266	29,266	-	-	-	-	-	-	-
`14`	57,853	57,853	57,853	57,853	57,853	57,853	57,853	57,853	55,501	55,501	55,501	55,181	55,181	50,543	39,901	44,163	34,321	16,604	5,317
`17/49`	314,515	369,903	281,659	371,201	448,904	293,161	245,381	202,990	235,325	258,997	145,768	122,267	127,048	161,071	147,786	78,981	39,441	65,387	76,844
`17`	2,720	18,965	39,347	81,485	65,489	100,227	84,183	46,252	62,979	97,539	12,500	6,417	18,334	38,334	58,334	36,667	12,750	29,750	46,750
`170/4`	2,720	18,965	39,347	81,485	65,489	100,227	84,183	46,252	62,979	97,539	12,500	6,417	18,334	38,334	58,334	36,667	12,750	29,750	46,750
`42/48`	311,795	350,915	242,278	289,693	383,415	192,934	161,198	156,738	172,207	161,458	133,268	115,850	108,715	122,738	89,452	42,314	26,691	35,637	30,094
`42`	16,245	20,382	42,138	50,900	34,739	53,832	43,242	36,959	34,650	34,462	7,917	22,917	20,000	20,000	20,000	22,750	17,000	17,000	17,000
`44`	126,556	138,487	115,622	130,092	232,558	94,354	76,956	112,184	105,099	96,972	58,150	10,390	21,679	43,032	5,053	9,772	1,764	3,157	10,114
`440/4`	126,556	138,487	115,622	130,092	232,558	94,354	76,956	112,184	105,099	96,972	58,150	10,390	21,679	43,032	5,053	9,772	1,764	3,157	10,114
`45`	45,322	44,534	37,258	57,001	47,005	9,432	3,933	296	25,070	20,104	11,089	25,541	9,917	4,236	10,597	9,387	7,927	12,490	2,980
`450/3`	36,120	38,274	29,501	48,891	42,858	6,898	3,933	296	25,070	20,104	11,089	25,541	9,917	4,236	10,597	9,387	7,927	12,490	2,980
`454/9`	9,203	6,260	7,758	8,109	4,147	2,534	-	-	-	-	-	-	-	-	-	-	-	-	-
`47/48`	123,672	147,512	47,260	51,701	69,114	35,316	37,066	7,298	7,388	9,922	56,113	57,002	57,119	55,470	53,802	406	-	2,990	-
`492/3`	-	23	34	23	-	-	-	-	139	-	-	-	-	-	-	-	-	-	-
Income statement
`76A`	11,000	13,000	15,000	-	12,500	-	-	6,727	13,359	-	-	-	-	400	16,151	-	-	2,300	-
`9900`	280,507	293,738	260,576	256,816	244,867	151,414	119,494	64,715	100,176	135,951	53,909	117,306	67,719	82,684	49,848	49,698	58,338	50,088	67,882
`62`	63,926	66,431	73,271	64,467	63,999	47,622	-	-	-	-	-	-	-	-	-	-	-	-	-
`630`	63,558	69,624	70,771	75,767	56,421	54,554	78,797	48,228	50,651	71,157	44,961	63,614	51,669	59,868	43,463	32,117	26,198	24,844	51,690
`640/8`	41,229	35,991	33,175	30,044	33,015	26,135	14,027	14,193	11,828	9,497	3,157	3,131	2,783	3,127	3,264	2,851	2,604	2,837	3,330
`66A`	-	775	-	-	-	-	1,336	-	11,981	-	-	-	-	-	-	-	-	-	-
`9901`	111,794	120,918	83,359	86,537	91,432	23,103	25,334	2,295	25,716	55,296	5,791	50,561	13,266	19,689	3,121	14,730	29,537	22,406	12,863
`75/76B`	109	98	11	40	0	901	4	34	17	19	151	137	293	600	24	912	45	87	150
`75`	109	98	11	40	0	901	4	34	17	19	151	137	293	600	24	912	45	87	150
`65/66B`	6,867	4,899	3,983	2,909	3,619	2,897	1,912	1,716	2,464	5,519	5,525	6,124	7,822	7,223	7,407	2,374	2,374	3,247	5,703
`65`	6,867	4,899	3,983	2,909	3,619	2,897	1,912	1,716	2,464	5,519	5,525	6,124	7,822	7,223	7,407	2,374	2,374	3,247	5,703
`9903`	105,036	116,116	79,387	83,668	87,813	21,107	23,426	613	23,269	49,797	416	44,573	5,737	13,466	11,889	13,268	27,209	21,547	7,310
`67/77`	31,244	39,293	26,193	22,501	25,200	2,185	5,558	-1,740	7,442	17,476	97	15,308	1,099	2,824	-	3,426	9,492	4,624	1,628
`9904`	73,791	76,822	53,193	61,167	62,613	18,922	17,868	2,353	15,827	32,320	319	29,266	4,638	10,642	11,889	9,842	17,717	16,922	5,681
`689`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16,151	-	-	-	-
`9905`	73,791	76,822	53,193	61,167	62,613	18,922	17,868	2,353	15,827	32,320	319	29,266	4,638	10,642	-4,262	9,842	17,717	16,922	5,681
Appropriation of the result
`9906`	131,644	134,675	111,047	119,020	120,466	76,775	75,721	57,853	71,327	87,821	55,501	84,447	55,181	50,543	39,901	44,163	34,321	22,239	5,681
`14P`	57,853	57,853	57,853	57,853	57,853	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`791/2`	-	99,403	-	15,827	32,320	-	29,266	-	-	-	-	-	-	-	-	-	-	-	-
`691/2`	73,791	76,822	53,193	61,167	62,613	18,922	17,868	-	15,827	32,320	-	29,266	-	-	-	-	-	1,635	365
`6920`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,635	365
`6921`	73,791	76,822	53,193	61,167	62,613	18,922	17,868	-	15,827	32,320	-	29,266	-	-	-	-	-	-	-
`694/7`	-	99,403	-	15,827	32,320	-	29,266	-	-	-	-	-	-	-	-	-	-	4,000	-
`694`	-	99,403	-	15,827	32,320	-	29,266	-	-	-	-	-	-	-	-	-	-	-	-
`695`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,000	-
Social balance sheet
`9087`	1	0.8	1	1	1	0.8	-	-	-	-	-	-	-	-	-	-	-	-	-
Hours worked`1013`	2,573	2,594	2,860	2,886	3,027	2,441	-	-	-	-	-	-	-	-	-	-	-	-	-
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The notes to these accounts have 14 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 03-07-2026.

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	abbreviated format	03-07-2026	2026-00277346	PDF
31-12-2024	abbreviated format	30-09-2025	2025-00533341	PDF
31-12-2023	abbreviated format	27-06-2024	2024-00206378	PDF
31-12-2022	abbreviated format	29-06-2023	2023-00172246	PDF
31-12-2021	abbreviated format	30-08-2022	2022-20344335	PDF
31-12-2020	abbreviated format	27-08-2021	2021-54500302	PDF
31-12-2019	abbreviated format	30-09-2020	2020-56700272	PDF
31-12-2018	abbreviated format	29-08-2019	2019-53400428	PDF
31-12-2017	micro format	30-08-2018	2018-53100039	PDF
31-12-2016	micro format	30-08-2017	2017-50400330	PDF
31-12-2015	abbreviated format	30-08-2016	2016-49400276	PDF
31-12-2014	abbreviated format	02-07-2015	2015-24900518	PDF
31-12-2013	abbreviated format	27-08-2014	2014-47000237	PDF
31-12-2012	abbreviated format	01-07-2013	2013-23500123	PDF
31-12-2011	abbreviated format	22-08-2012	2012-42600299	PDF
31-12-2010	abbreviated format	14-07-2011	2011-28900143	PDF
31-12-2009	abbreviated format	30-08-2010	2010-46300385	PDF
31-12-2008	abbreviated format	29-06-2009	2009-29900335	PDF
31-12-2007	abbreviated format	04-07-2008	2008-34900098	PDF

Subsidies and aid

Flemish government 2022 to 2025, 5 entries, €3,508 awarded, €3,508 paid

Subsidies ecologisch en veilig transport (discontinued)

€3,000

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

€508

Year	Entries	Awarded	Paid
2025	1	€60	€60
2024	1	€60	€60
2023	2	€3,302	€3,302
2022	1	€86	€86

Key figures and ratios

per financial year, computed from the annual accounts

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
175,352	190,541	154,130	162,304	147,853	77,657	104,131	50,523	76,367	126,454	50,752	114,175	64,935	79,557	46,584	46,847	55,735	47,251	64,553
137,350	146,446	123,965	136,934	119,034	73,476	96,665	50,580	66,478	103,478	45,280	92,879	56,308	70,509	55,352	41,959	43,915	41,767	57,371
152,400	50,141	4,685	99,550	113,500	106,424	123,267	58,482	36,550	138,626	24,322	38,780	11,749	45,261	89,481	88,971	14,051	28,912	97,775
1,594	57,943	-15,272	-41,365	39,612	-28,313	-71,919	-11,578	37,719	32,790	1,494	29,408	32,407	1,673	24,106	-21,303	9,015	-19,235	-
124,933	156,116	175,536	98,383	60,807	122,197	139,060	136,484	159,537	149,270	99,380	72,338	30,156	5,597	-1,451	10,661	33,757	20,893	25,539
53.4%	43.7%	52.4%	40.9%	32.0%	38.2%	39.8%	46.1%	42.1%	37.5%	45.7%	50.1%	42.4%	35.5%	34.6%	45.6%	58.8%	37.1%	25.0%
1.40	1.44	1.72	1.34	1.16	1.63	1.86	1.87	1.93	1.92	1.75	1.62	1.28	1.05	0.98	1.25	2.26	1.59	1.85
0.87	1.29	0.91	1.45	2.13	1.62	1.51	1.17	1.38	1.67	1.19	1.00	1.36	1.82	1.89	1.19	0.70	1.69	2.99
20.4%	26.8%	17.2%	23.8%	29.6%	10.5%	11.0%	1.4%	9.3%	20.8%	0.3%	23.9%	5.0%	12.0%	15.2%	14.9%	31.5%	43.8%	22.1%
10.9%	11.7%	9.0%	9.7%	9.5%	4.0%	4.4%	0.6%	3.9%	7.8%	0.1%	12.0%	2.1%	4.3%	5.3%	6.8%	18.5%	16.3%	5.5%
25.53	38.89	38.70	55.79	40.86	-	-	-	-	-	-	-	-	-	-	-	-	-	-

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	1	-	1	1	1
full-time	1	-	1	1	1
in full-time equivalents	1	-	1	1	1
	1	0.8	1	1	1
On a permanent contract	1	-	1	1	1
Joined	1	2	1	1	1
Left	0	3	1	1	1
Training hours	-	-	4	4	4

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

Investments

fixed assets acquired

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€152,130	€50,141	€4,550	€99,550	€113,500
Financial fixed assets	€270	-	€135	-	-
	€63,558	€69,624	€70,771	€75,767	€56,421

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

Insights on MATHITRANS

The operating result for 2025 is 8% lower than in 2024.

Debt's share of the balance-sheet total falls from 56.3% to 46.6%. Equity is higher and debt is lower.

Board & ownership

Board

2 directors, last change in 2025

THIMAQ

Director (not named in the articles), permanent representative QUYSSENS Gerdi

in office according to the deed of 03-10-2023 term without a fixed end

earlier manager, until 31-12-2019

listed in the 2025 annual accounts, filed on 03-07-2026

Thibo Quyssens

Director (not named in the articles)

appointed by deed of 26-03-2025 term without a fixed end

listed in the 2025 annual accounts, filed on 03-07-2026

Signing authority: “12.2 Externe bestuursbevoegdheid Iedere bestuurder vertegenwoordigt de vennootschap jegens derden en in rechte als eiser of als verweerder…”
deed of 03-10-2023

Permanent representatives 1

QUYSSENS Gerdi

Permanent representative, for THIMAQ

in office according to the deed of 03-10-2023

Office holders in the KBO →

Mandates through the years

2 names, the dashed line is today

THIMAQ
Director (not named in the articles)

Thibo Quyssens
Director (not named in the articles)

BoardEarliermandate already running before its first mention

Mandates as a list

THIMAQ
- Manager, until 31-12-2019
- Director (not named in the articles), since before 01-01-2020
Thibo Quyssens
- Director (not named in the articles), since before 31-12-2024

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Contribution: €20,000
Source: 2025 annual accounts

Articles of association

deed of 03-10-2023 (in Dutch)

Duration: Unlimited

Network & group

No group

MATHITRANS has no parent and no holdings in its annual accounts. MATHITRANS shares no director with another company.

At the same address

Hoogweg 9C, 8750 Wingene · 1 other company

THIMAQ

registered office since 01-04-2015 · founded in 2015

total assets €989,489 (2026)

0598.908.781

Timeline

29 events since 2006

Board

Filings

Financial

Establishments

20062008201020122014201620182020202220242026

Deadline for the 2026 accounts: 31-07-2027

2026

03-07-2026

Annual accounts 2025 filed NBBabbreviated format · 28 days before the deadline

2025

03-10-2025

Registered in the Peppol Directory Reachable for e-invoices through 0208:0883511335

30-09-2025

Annual accounts 2024 filed PDFabbreviated format · 61 days late

26-03-2025

Appointment: Thibo Quyssens (director)Permanent representative: Gerdi Quyssens · General meeting of 31-12-20243 points ▸

General meeting, 31-12-2024
Director appointment, Thibo Quyssens (director (not named in the articles))
Permanent representative, Gerdi Quyssens

Open the deed in the Belgian Official Gazette

2024

31-12-2024

Highest result from 2007 to 2025 net €76,822 ▲44.4% The operating result of €120,918 and the net result of €76,822 are both a record.

27-06-2024

Annual accounts 2023 filed PDFabbreviated format · 34 days before the deadline

2023

03-10-2023

1 manager resigning, 1 director reappointedResignation: THIMAQ (manager) · Reappointment: THIMAQ (director) · Permanent representative: QUYSSENS Gerdi · General meeting of 27-09-20236 points ▸

General meeting, 27-09-2023
100 shares
Director resignation, THIMAQ (manager)
Director reappointment, THIMAQ (director (not named in the articles))
Permanent representative, QUYSSENS Gerdi
Registered office clause, Hoogweg 9C, 8750 Wingene
The deed holds 4 more points.

Open the deed in the Belgian Official Gazette

29-06-2023

Annual accounts 2022 filed PDFabbreviated format · 32 days before the deadline

2022

30-08-2022

Annual accounts 2021 filed PDFabbreviated format · 30 days late

2021

31-12-2021

Equity above €200,000 equity €211,233 ▲16.7% Equity rises from €180,941 to €211,233.

27-08-2021

Annual accounts 2020 filed PDFabbreviated format · 27 days late

2020

30-09-2020

Annual accounts 2019 filed PDFabbreviated format · 61 days late

2019

29-08-2019

Annual accounts 2018 filed PDFabbreviated format · 29 days late

2018

30-08-2018

Annual accounts 2017 filed PDFmicro format · 30 days late

2017

30-08-2017

Annual accounts 2016 filed PDFmicro format · 30 days late

2016

31-12-2016

Equity above €150,000 equity €155,238 ▲26.3% With a profit in every financial year since 2007, equity grows to €155,238.

30-08-2016

Annual accounts 2015 filed PDFabbreviated format · 30 days late

2015

31-12-2015

Weakest financial year net €319 ▼98.9% The net result drops to €319, the lowest from 2007 to 2025. It recovers the following year.

02-07-2015

Annual accounts 2014 filed PDFabbreviated format · 29 days before the deadline

2014

31-12-2014

Equity above €100,000 equity €122,598 ▲31.4% With a profit in every financial year since 2007, equity grows to €122,598.

27-08-2014

Annual accounts 2013 filed PDFabbreviated format · 27 days late

2013

01-07-2013

Annual accounts 2012 filed PDFabbreviated format · 30 days before the deadline

2012

22-08-2012

Annual accounts 2011 filed PDFabbreviated format · 22 days late

2011

14-07-2011

Annual accounts 2010 filed PDFabbreviated format · 17 days before the deadline

2010

30-08-2010

Annual accounts 2009 filed PDFabbreviated format · 30 days late

2009

29-06-2009

Annual accounts 2008 filed PDFabbreviated format · 32 days before the deadline

2008

04-07-2008

Annual accounts 2007 filed PDFabbreviated format · 27 days before the deadline

2006

02-10-2006

First establishment MATHITRANS BVBA, Hoogweg 9C, Wingene

14-09-2006

Incorporation PDFpublished on 22-09-2006

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official Gazette Filings with the National Bank

History

MATHITRANS was incorporated on 14 September 2006.¹ Total assets rose from €376,407 in 2018 to €675,493 in 2025 and headcount from 0.8 full-time equivalents in 2020 to 1 in 2025.²

Company details

Identity

Enterprise number: 0883.511.335
VAT number: BE 0883.511.335
Peppol ID: 0208:0883511335
Other Peppol ID: 9925:BE0883511335
Legal form: Private limited company
Status: Active, normal situation
Founded: 14-09-2006
Financial year: ends on 31 December
Peppol: Reachable since 03-10-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name: MATHITRANS in Dutch
Entity type: Legal entity
Duration: Unlimited
deed of 03-10-2023 (in Dutch)

Activities

NACEBEL 2025

VAT activities

49410 Freight transport by road main activity

01610 Support activities for crop production

52241 Warehousing and support activities for transportation

52250 Logistics services

77120 Rental and leasing activities

Social security (RSZ) activities

49410 Freight transport by road main activity

Joint committees annual accounts 2023

JC 140.03 Road transport and logistics for third parties

Codes under NACEBEL 2008

VAT activities

49410 Road freight transport main activity

01610 Support activities for crop production

52241 Warehousing and support activities for transportation

52290 Warehousing and support activities for transportation

77120 Rental and leasing activities

Social security (RSZ) activities

49410 Road freight transport main activity

Codes under NACEBEL 2003

60242 main activity

Purpose: “Het vervoer van goederen over de weg in binnen- en buitenland voor rekening van derden; Het aankopen,huren,verhuren,verkopen,in leasing…”
8 activities
Het vervoer van goederen over de weg in binnen- en buitenland voor rekening van derden
Het aankopen,huren,verhuren,verkopen,in leasing nemen van alle vervoermiddelen voor vervoer over de weg
Het huren en verhuren van vervoermiddelen voor vervoer over de weg,al dan niet met een geleider
Het laden en lossen,opslaan en in bewaring nemen van te vervoeren goederen
Het onderhoud en herstellen van vervoermiddelen voor vervoer over de weg,de aankoop en verkoop van onderdelen en toebehoren,noodzakelijk voor de instandhouding van het wagenpark
Landbouwloonwerk,in het bijzonder het afhalen,bewerken en spreiden van mest
Voor eigen rekening onroerende goederen te kopen en te verkopen,zowel volle eigendom als naakte eigendom,vruchtgebruik,erfpacht en opstalrecht
Onroerende goederen huren,leasen en verhuren
deed of 03-10-2023 (in Dutch)

Registered office and establishments

1 establishment

Establishment	Since	Unit number	FASFC approval
MATHITRANS BVBA registered office Hoogweg 9C, 8750 Wingene	02-10-2006	2.156.817.368	Transporter of products derived from animal by-products Transport of feedstuffs

Buildings and parcels at the address

Ground area: 1,153 m²
Buildings: 183 m²
Volume, LiDAR: 940 m³
Tallest building: 9.0 m

Buildings to scale, each on its own parcel

registered office establishment The establishment unit on the map

2 companies at this address See who is registered here

Parcels

Cadastral parcel	Area	Buildings	Height / floors
37018D1168/00E000	1,153 m²	1 · 183 m²	9.0 m · 2

Recognitions

Food safety, FASFC

1 site

Wingeneunit number 2.156.817.368

2 permissions

Transporter of products derived from animal by-products · since 05-11-2025

Transport of feedstuffs · since 01-06-2018

Source: FAVV-AFSCA, open data, updated on 02-11-2026

Contact

Phone +32 51 69 41 50 establishment in Wingene

Overview

Lifetime

Key points

Equity

Investments

Staff

Checked score

Score breakdown

Comparable companies, two years later

Credit verdict

Signals

Board and ownership

Recent changes

Comparable companies

Official details

Annual accounts 2025

Insights on MATHITRANS

Financials

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency53.4%

Current ratio1.40

Return on assets10.9%

Staff

Staff cost per FTE€63,926

Joined and left+1 person

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2022 to 2025, 5 entries, €3,508 awarded, €3,508 paid

Key figures and ratios

Social balance sheet

Investments

Insights on MATHITRANS

Board & ownership

Board

Mandates through the years

Control

Capital

Articles of association

Network & group

No group

At the same address

Timeline

Timeline

History

Company details

Identity

Activities

Registered office and establishments

Buildings and parcels at the address

Location

Parcels

Recognitions

Food safety, FASFC

Contact

in euro

in euro

53.4%

1.40

10.9%

€63,926

+1 person