MATHOM BUILD
ActiveSummary
The computed 12-month bankruptcy probability of MATHOM BUILD is 2.1% (moderate). The 2025 annual accounts show equity of €77k and a net result of €7k. Equity is growing by ~37.1% per year across the filed fiscal years. Its solvency ranks better than 47% of 7500 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability73▼-21
Solvency66▲+10
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity ample (current ratio 1.59 against 1.24 in 2024; short-term debt: 51.7% and cash: 14.7% of total assets), but 58.8% 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 · 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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← 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
41.2%
Return on assets
3.7%
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 31-07-2026, 0 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
on the day
2024
19 d late
2023
25 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€77k▲ 9.9%
2024 · €70k
2023: €25klowest in 3 years
2024: €70k▲ +181% vs 2023
2025: €77k▲ +9.9% vs 2024highest in 3 years
2023 → 2025
Total assets
€188k▼ 16.6%
2024 · €225k
2023: €147klowest in 3 years
2024: €225k▲ +53.6% vs 2023highest in 3 years
2025: €188k▼ -16.6% vs 2024
2023 → 2025
Net result
€7k▼ 84.7%
2024 · €45k
2023: €23k
2024: €45k▲ +96.6% vs 2023highest in 3 years
2025: €7k▼ -84.7% vs 2024lowest in 3 years
2023 → 2025
Working capital
€58k▲ 81.2%
2024 · €32k
2023: €-39klowest in 3 years
2024: €32k▲ +181% vs 2023
2025: €58k▲ +81.2% vs 2024highest in 3 years
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€25k-€70k▲ 181%€77k▲ 9.9%
2023: €25klowest in 3 years
2024: €70k▲ +181% vs 2023
2025: €77k▲ +9.9% vs 2024highest in 3 years
Operating result€30k-€57k▲ 89.0%€10k▼ 83.2%
2023: €30k
2024: €57k▲ +89.0% vs 2023highest in 3 years
2025: €10k▼ -83.2% vs 2024lowest in 3 years
Net result€23k-€45k▲ 96.6%€7k▼ 84.7%
2023: €23k
2024: €45k▲ +96.6% vs 2023highest in 3 years
2025: €7k▼ -84.7% vs 2024lowest in 3 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 83% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €188k
Fixed assets
€33k ▼ 43.7%
Current assets
€155k ▼ 6.9%
Equity and liabilities €188k
Equity
€77k ▲ 9.9%
Debt
€110k ▼ 28.6%
Debt's share of the balance-sheet total falls from 68.7% to 58.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€37k▼
2024 · €94k
Cash flow
€35k▼
2024 · €82k
Current ratio
1.59▲
2024 · 1.24
Debt to equity
1.43▼
2024 · 2.20
ROE
9.0%▼
2024 · 64.4%
ROA
3.7%▼
2024 · 20.2%
Interest coverage
32.36▼
2024 · 138.99
Debt ≤ 1 year
€97k▼
2024 · €134k
Debt > 1 year
€13k▼
2024 · €20k
Income taxes
€2k▼
2024 · €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 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€225k€188k▼
Fixed assets21/28€59k€33k▼
Tangible fixed assets22/27€59k€33k▼
Plant, machinery and equipment23€11k€5k▼
Furniture and vehicles24€48k€28k▼
Current assets29/58€166k€155k▼
Amounts receivable within one year40/41€107k€124k▲
Trade receivables40€92k€100k▲
Other amounts receivable41€15k€24k▲
Cash at bank and in hand54/58€58k€28k▼
Deferred charges and accrued income490/1€1k€3k▲
Equity and liabilities
Total equity and liabilities10/49€225k€188k▼
Equity10/15€70k€77k▲
Contributions10/11€2k€2k=
Profit (loss) carried forward14€68k€75k▲
Amounts payable17/49€155k€110k▼
Amounts payable after more than one year17€20k€13k▼
Financial debts170/4€20k€13k▼
Amounts payable within one year42/48€134k€97k▼
Current portion of amounts payable after more than one year42€7k€7k▲
Trade debts44€104k€83k▼
Suppliers440/4€104k€83k▼
Taxes, remuneration and social security45€20k€6k▼
Taxes450/3€19k€2k▼
Remuneration and social security454/9€888€4k▲
Other amounts payable47/48€4k€936▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36k€28k▼
Other operating charges640/8€3k€2k▼
Gross operating margin9900€97k€39k▼
Operating profit (loss)9901€57k€10k▼
Financial income75/76B€201€314▲
Recurring financial income75€201€314▲
Financial charges65/66B€676€1k▲
Recurring financial charges65€676€1k▲
Profit (loss) for the period before taxes9903€57k€9k▼
Income taxes67/77€12k€2k▼
Profit (loss) for the period9904€45k€7k▼
Profit (loss) for the period to be appropriated9905€45k€7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€68k€75k▲
Profit (loss) brought forward from the previous period14P€23k€68k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25k | €36k | €28k | ▼ 23.8% |
| Other operating charges640/8 | €1k | €3k | €2k | ▼ 38.5% |
| Gross operating margin9900 | €56k | €97k | €39k | ▼ 59.4% |
| Operating profit (loss)9901 | €30k | €57k | €10k | ▼ 83.2% |
| Financial income75/76B | €246 | €201 | €314 | ▲ 56.4% |
| Recurring financial income75 | €246 | €201 | €314 | ▲ 56.4% |
| Financial charges65/66B | €47 | €676 | €1k | ▲ 71.2% |
| Recurring financial charges65 | €47 | €676 | €1k | ▲ 71.2% |
| Profit (loss) for the period before taxes9903 | €31k | €57k | €9k | ▼ 84.5% |
| Income taxes67/77 | €8k | €12k | €2k | ▼ 83.9% |
| Profit (loss) for the period9904 | €23k | €45k | €7k | ▼ 84.7% |
| Profit (loss) for the period to be appropriated9905 | €23k | €45k | €7k | ▼ 84.7% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €147k | €225k | €188k | ▼ 16.6% |
| Fixed assets21/28 | €64k | €59k | €33k | ▼ 43.7% |
| Tangible fixed assets22/27 | €64k | €59k | €33k | ▼ 43.7% |
| Plant, machinery and equipment23 | €20k | €11k | €5k | ▼ 53.7% |
| Furniture and vehicles24 | €44k | €48k | €28k | ▼ 41.4% |
| Current assets29/58 | €82k | €166k | €155k | ▼ 6.9% |
| Amounts receivable within one year40/41 | €71k | €107k | €124k | ▲ 15.8% |
| Trade receivables40 | €37k | €92k | €100k | ▲ 8.7% |
| Other amounts receivable41 | €34k | €15k | €24k | ▲ 59.2% |
| Cash at bank and in hand54/58 | €10k | €58k | €28k | ▼ 52.2% |
| Deferred charges and accrued income490/1 | €2k | €1k | €3k | ▲ 159% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €147k | €225k | €188k | ▼ 16.6% |
| Equity10/15 | €25k | €70k | €77k | ▲ 9.9% |
| Contributions10/11 | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €23k | €68k | €75k | ▲ 10.2% |
| Amounts payable17/49 | €122k | €155k | €110k | ▼ 28.6% |
| Amounts payable after more than one year17 | - | €20k | €13k | ▼ 33.9% |
| Financial debts170/4 | - | €20k | €13k | ▼ 33.9% |
| Amounts payable within one year42/48 | €122k | €134k | €97k | ▼ 27.8% |
| Current portion of amounts payable after more than one year42 | - | €7k | €7k | ▲ 4.3% |
| Trade debts44 | €114k | €104k | €83k | ▼ 19.8% |
| Suppliers440/4 | €114k | €104k | €83k | ▼ 19.8% |
| Taxes, remuneration and social security45 | €8k | €20k | €6k | ▼ 70.7% |
| Taxes450/3 | €8k | €19k | €2k | ▼ 90.2% |
| Remuneration and social security454/9 | - | €888 | €4k | ▲ 349% |
| Other amounts payable47/48 | - | €4k | €936 | ▼ 76.0% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €23k | €45k | €7k | ▼ 84.7% |
| + Depreciation and write-downs630 | €25k | €36k | €28k | ▼ 23.8% |
| Operating cash flow (approximation) | €48k | €82k | €35k | ▼ 57.6% |
| Investment in fixed assets (approximation) | - | €-31k | €-2k | ▲ 93.6% |
| Change in cash | - | €48k | €-30k | ▼ 163% |
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
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €7k ▼84.7%
Net result drops to €7k, the lowest in the series.
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 19 days late
2024
31-12
Financial
Highest result since 2023net €45k ▲96.6%
Operating result €57k, net result €45k, both a record.
25-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
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.
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Directors · office · real estate
Directors
2 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, Heist-op-den-Berg · 1 establishment unit since 2023
Ground area
468 m²
Parcel 12322I0641/00R000, Flanders. Linked by address, not a title deed.
1 establishment unit
MATHOM BUILD
since 20232.340.654.342
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12322I0641/00R000 | Flanders | 468 m² | - | - |
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.
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,036. 13,198 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded16-01-2023
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
Scores and ratios are computed by Checked and are not a credit decision.