Mathler
ActiveSummary
The computed 12-month bankruptcy probability of Mathler is 2.2% (moderate). The 2025 annual accounts show equity of €12k and a net result of €131k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 27786 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
58
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency29▼-68
Growth78=
Track record94
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.99 against 3.14 in 2024; short-term debt: 95.8% and cash: 45.7% of total assets), and 96.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
3.7%
Return on assets
41.5%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 27786 sector peers (2025).
NBB · sector comparisonPosition among 27786 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 10-02-2026, 10 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
10 d late
2024
4 d late
2023
1 d early
2022
27 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€12k▼ 92.2%
2024 · €151k
2022: €11k
2023: €26k
2024: €151k
2022 → 2025
Total assets
€316k▲ 50.3%
2024 · €210k
2022: €35k
2023: €167k
2024: €210k
2022 → 2025
Net result
€131k▲ 5.2%
2024 · €125k
2022: €6k
2023: €15k
2024: €125k
2022 → 2025
Working capital
€-2k
2024 · €127k
2022: €-11k
2023: €-8k
2024: €127k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€11k-€26k▲ 146%€151k▲ 482%€12k▼ 92.2%
Operating result€9k-€20k▲ 115%€159k▲ 680%€176k▲ 10.6%
Net result€6k-€15k▲ 178%€125k▲ 713%€131k▲ 5.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2025 is 11% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €316k
Fixed assets
€15k ▼ 35.7%
Current assets
€301k ▲ 61.1%
Equity and liabilities €316k
Equity
€12k ▼ 92.2%
Debt
€304k ▲ 409%
Debt's share of the balance-sheet total rises from 28.4% to 96.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€184k▲
2024 · €168k
Cash flow
€140k▲
2024 · €133k
Current ratio
0.99▼
2024 · 3.14
Quick ratio
0.62▼
2024 · 2.03
Debt to equity
25.90▲
2024 · 0.40
ROA
41.5%▼
2024 · 59.3%
Interest coverage
123.20▼
2024 · 265.75
Debt ≤ 1 year
€303k▲
2024 · €60k
Income taxes
€46k▲
2024 · €36k
A ratio outside any meaningful range has been withheld (balance sheet total €316k, equity €12k).
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 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€210k€316k▲
Fixed assets21/28€24k€15k▼
Tangible fixed assets22/27€24k€15k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€21k€14k▼
Current assets29/58€187k€301k▲
Stocks and contracts in progress3€66k€114k▲
Stocks30/36€66k€114k▲
Amounts receivable within one year40/41€47k€23k▼
Trade receivables40€47k€0▼
Other amounts receivable41€0€23k▲
Current investments50/53-€20k
Cash at bank and in hand54/58€74k€144k▲
Deferred charges and accrued income490/1-€112
Equity and liabilities
Total equity and liabilities10/49€210k€316k▲
Equity10/15€151k€12k▼
Contributions10/11€5k€5k=
Reserves13€146k€7k▼
Distributable reserves133€146k€7k▼
Profit (loss) carried forward14-€0
Amounts payable17/49€60k€304k▲
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€60k€303k▲
Current portion of amounts payable after more than one year42€2k€0▼
Trade debts44€5k€11k▲
Suppliers440/4€5k€11k▲
Taxes, remuneration and social security45€37k€3k▼
Taxes450/3€36k€2k▼
Remuneration and social security454/9€1k€1k▲
Other amounts payable47/48€16k€288k▲
Accrued charges and deferred income492/3€235€1k▲
Income statement
Code20242025
Non-recurring operating income76A€3k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-1k
Other operating charges640/8€457€4k▲
Non-recurring operating charges66A-€250
Gross operating margin9900€168k€187k▲
Operating profit (loss)9901€159k€176k▲
Financial income75/76B€2k€3k▲
Recurring financial income75€2k€3k▲
Financial charges65/66B€630€1k▲
Recurring financial charges65€630€1k▲
Profit (loss) for the period before taxes9903€161k€177k▲
Income taxes67/77€36k€46k▲
Profit (loss) for the period9904€125k€131k▲
Profit (loss) for the period to be appropriated9905€125k€131k▲
Appropriation of the result
Profit (loss) to be appropriated9906€125k€131k▲
Transfer from equity791/2-€139k
Transfer to equity691/2€125k€0▼
To other reserves6921€125k€0▼
Profit to be distributed694/7-€270k
Return on contributions (dividend)694-€270k
The notes to these accounts (4 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
10-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 10 days late
2025
30-06
Financial
Highest result since 2022net €131k ▲5.2%
Operating result €176k, net result €131k, both a record.
04-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
2024
30-06
Financial
Liquidity triplescurrent ratio 3.14
Current ratio from 0.94 to 3.14; short-term debt falls from €139k to €60k.
30-06
Financial
Equity above €150kEq €151k ▲482%
3 profitable years in a row build equity to €151k.
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Wingene · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Gravestraat 268750 WingeneGround area
4,809 m²
Building footprint
611 m²
Volume, LiDAR
1,773 m³
Parcel 37018C0248/00P000, Flanders · tallest building 3.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Mathler
since 20212.320.292.755
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37018C0248/00P000 | Flanders | 4,809 m² | 1 · 611 m² | 3.9 m · 1 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 · 1 entry · 477 EUR awarded · 477 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 477 EUR | 477 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
2 categoriesMathler BV45548
Similar companies · same sector, comparable size
MG.SL-Technics
BE 0765.983.759
Houthalen-Helchteren · Eq €11,728
EKRILA
BE 0738.773.279
Nijlen · Eq €11,712
CLEAN PEINTRES SERVICES
BE 0872.585.571
Knokke-Heist · Eq €11,709
C.B.S SOLUTIONS
BE 0735.602.072
Sint-Truiden · Eq €11,709
DE LONDI
BE 0798.221.314
Antwerpen · Eq €11,795
Of 22,821 companies in sector 43211 we hold annual accounts for 10,326. 5,961 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
Founded27-05-2021
Fiscal year end30-06
Activities, NACEBEL 2025
43211General electrical installation work
43212Electrical installation work in industrial facilities
43222Installation of electric heating, air conditioning, cooling and ventilation
70200Business and other management consultancy
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.