MATHOLEZ
ActiveSummary
MATHOLEZ has been active since 2007 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags). The 2024 annual accounts show equity of €365,473 and a net result of -€5,661. Equity remains stable across the filed fiscal years (±1.8% per year). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability54▲+18
Solvency77▲+1
Growth58▲+26
Track record92
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23,000 at 30 days acceptable
Liquidity short (current ratio 0.35 against 0.64 in 2023; short-term debt: 3.1% and cash: 0.8% of total assets), and 48.2% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
51.8%
Return on assets
-0.8%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€5,661
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-09-2025, 57 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
57 d late
2023
61 d late
2022
104 d late
2021
469 d late
2020
834 d late
2019
1199 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 454 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Strikeout withdrawn
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€365,473▼ 1.5%
2023 · €371,134
Total assets
€706,220▼ 3.5%
2023 · €731,568
Net result
-€5,661▲ 59.8%
2023 · -€14,088
Working capital
-€14,111▼ 85.2%
2023 · -€7,619
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€1,655€2,369€3,193▲ 34.8%-€6,964-€195▲ 97.2%
Net result-€9,448-€4,715▲ 50.1%-€2,894▲ 38.6%-€14,088▼ 387%-€5,661▲ 59.8%
Equity€392,831▼ 4.4%€388,116▼ 1.2%€385,222▼ 0.7%€371,134▼ 3.7%€365,473▼ 1.5%
Total assets€807,339▼ 3.3%€785,799▼ 2.7%€761,921▼ 3.0%€731,568▼ 4.0%€706,220▼ 3.5%
Debt€414,507▼ 2.3%€397,683▼ 4.1%€376,699▼ 5.3%€360,434▼ 4.3%€340,747▼ 5.5%
Working capital-€11,612-€9,120▲ 21.5%€10,222-€7,619-€14,111▼ 85.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €195 in 2024 against €6,964 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €706,220
Fixed assets
€698,500 ▼ 2.8%
Current assets
€7,721 ▼ 41.9%
Equity and liabilities €706,220
Equity
€365,473 ▼ 1.5%
Debt
€340,747 ▼ 5.5%
Debt's share of the balance-sheet total falls from 49.3% to 48.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€24,334▲
2023 · €17,419
Cash flow
€18,868▲
2023 · €10,296
Current ratio
0.35▼
2023 · 0.64
Debt to equity
0.93▼
2023 · 0.97
ROE
-1.5%▲
2023 · -3.8%
ROA
-0.8%▲
2023 · -1.9%
Interest coverage
4.36▲
2023 · 2.41
Debt ≤ 1 year
€21,831▲
2023 · €20,898
Debt > 1 year
€318,001▼
2023 · €338,346
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,688 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a small loss
0.5%
went bankrupt
5.4%
stopped otherwise
94%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,688 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,142 | €25,188 | €24,159 | €24,383 | €24,529 | ▲ 0.6% |
| Other operating charges640/8 | €3,990 | €1,810 | €1,845 | €2,076 | €2,788 | ▲ 34.3% |
| Gross operating margin9900 | €27,477 | €29,367 | €29,198 | €19,495 | €27,122 | ▲ 39.1% |
| Operating profit (loss)9901 | -€1,655 | €2,369 | €3,193 | -€6,964 | -€195 | ▲ 97.2% |
| Financial income75/76B | - | - | - | €109 | €114 | ▲ 3.9% |
| Recurring financial income75 | - | - | - | €109 | €114 | ▲ 3.9% |
| Financial charges65/66B | €7,793 | €7,084 | €6,087 | €7,233 | €5,579 | ▼ 22.9% |
| Recurring financial charges65 | €7,793 | €7,084 | €6,087 | €7,233 | €5,579 | ▼ 22.9% |
| Profit (loss) for the period before taxes9903 | -€9,448 | -€4,715 | -€2,894 | -€14,088 | -€5,661 | ▲ 59.8% |
| Profit (loss) for the period9904 | -€9,448 | -€4,715 | -€2,894 | -€14,088 | -€5,661 | ▲ 59.8% |
| Profit (loss) for the period to be appropriated9905 | -€9,448 | -€4,715 | -€2,894 | -€14,088 | -€5,661 | ▲ 59.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €807,339 | €785,799 | €761,921 | €731,568 | €706,220 | ▼ 3.5% |
| Fixed assets21/28 | €790,901 | €765,713 | €742,672 | €718,289 | €698,500 | ▼ 2.8% |
| Tangible fixed assets22/27 | €790,901 | €765,713 | €742,672 | €718,289 | €698,500 | ▼ 2.8% |
| Land and buildings22 | €790,822 | €765,713 | €741,969 | €717,829 | €698,283 | ▼ 2.7% |
| Plant, machinery and equipment23 | €80 | - | €703 | €460 | €217 | ▼ 52.8% |
| Current assets29/58 | €16,437 | €20,086 | €19,249 | €13,280 | €7,721 | ▼ 41.9% |
| Amounts receivable within one year40/41 | €1,815 | €1,815 | €1,815 | €1,861 | €1,774 | ▼ 4.7% |
| Other amounts receivable41 | €1,815 | €1,815 | €1,815 | €1,861 | €1,774 | ▼ 4.7% |
| Cash at bank and in hand54/58 | €13,447 | €17,095 | €17,434 | €11,309 | €5,833 | ▼ 48.4% |
| Deferred charges and accrued income490/1 | €1,175 | €1,175 | - | €109 | €114 | ▲ 3.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €807,339 | €785,799 | €761,921 | €731,568 | €706,220 | ▼ 3.5% |
| Equity10/15 | €392,831 | €388,116 | €385,222 | €371,134 | €365,473 | ▼ 1.5% |
| Contributions10/11 | €510,000 | €510,000 | €510,000 | €510,000 | €510,000 | = |
| Capital10 | €510,000 | €510,000 | €510,000 | - | - | - |
| Issued capital100 | €510,000 | €510,000 | €510,000 | - | - | - |
| Reserves13 | €384 | €384 | €384 | €384 | €384 | = |
| Non-distributable reserves130/1 | €384 | €384 | €384 | - | - | - |
| Legal reserve130 | €384 | €384 | €384 | - | - | - |
| Distributable reserves133 | - | - | - | €384 | €384 | = |
| Profit (loss) carried forward14 | -€117,553 | -€122,268 | -€125,162 | -€139,250 | -€144,911 | ▼ 4.1% |
| Amounts payable17/49 | €414,507 | €397,683 | €376,699 | €360,434 | €340,747 | ▼ 5.5% |
| Amounts payable after more than one year17 | €386,458 | €367,672 | €367,672 | €338,346 | €318,001 | ▼ 6.0% |
| Financial debts170/4 | €386,458 | €367,672 | €367,672 | €338,346 | €318,001 | ▼ 6.0% |
| Amounts payable within one year42/48 | €28,049 | €29,206 | €9,027 | €20,898 | €21,831 | ▲ 4.5% |
| Current portion of amounts payable after more than one year42 | €27,033 | €27,622 | €8,428 | €19,706 | €20,345 | ▲ 3.2% |
| Trade debts44 | €1,016 | €1,584 | €599 | €1,192 | €1,487 | ▲ 24.7% |
| Suppliers440/4 | €1,016 | €1,584 | €599 | €1,192 | €1,487 | ▲ 24.7% |
| Accrued charges and deferred income492/3 | - | €805 | - | €1,190 | €915 | ▼ 23.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€9,448 | -€4,715 | -€2,894 | -€14,088 | -€5,661 | ▲ 59.8% |
| + Depreciation and write-downs630 | €25,142 | €25,188 | €24,159 | €24,383 | €24,529 | ▲ 0.6% |
| Operating cash flow (approximation) | €15,694 | €20,473 | €21,265 | €10,296 | €18,868 | ▲ 83.3% |
| Investment in fixed assets (approximation) | - | €0 | -€1,118 | €0 | -€4,741 | - |
| Change in cash | - | €3,648 | €339 | -€6,125 | -€5,476 | ▲ 10.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 57 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Weakest financial yearnet -€14,088
Net result drops to -€14,088, the lowest in the series; recovery starts the following year.
24-11
KBO administration
Strikeout withdrawn
12-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 104 days late
12-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 469 days late
12-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 834 days late
12-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 1199 days late
12-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 1565 days late
2022
31-12
Financial
Liquidity triplescurrent ratio 2.13
Current ratio from 0.69 to 2.13; short-term debt falls from €29,206 to €9,027.
2019
31-12
Financial
Back to profitnet €8,682
Net result €8,682 after one loss-making year.
31-12
Financial
Liquidity times 5current ratio 1.16
Current ratio from 0.26 to 1.16.
Show earlier events
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 23 days late
2015
29-09
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 60 days late
2014
04-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 4 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 act for this company is 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, Keerbergen · 1 establishment unit since 2007
Ground area
3,940 m²
Building footprint
284 m²
Volume, LiDAR
1,261 m³
Parcel 24472E0296/00V000, Flanders · tallest building 15.5 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
MATHOLEZ
since 20072.168.606.630
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24472E0296/00V000 | Flanders | 3,940 m² | 1 · 284 m² | 15.5 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company
Founded20-12-2007
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0894926156
Also
9925:BE0894926156
Registered
16-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.