MATHONIE
ActiveMATHONIE has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €99k and a net result of €-3k. Equity is shrinking by ~11.3% per year across the filed fiscal years. Its solvency ranks better than 80% of 1734 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
79
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability66▲+10
Solvency99▼-1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 1.93 against 3.92 in 2024; short-term debt: 26.4% and cash: 6% of total assets), and 26.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Sector 01
lower
← 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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-3k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 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
13 d late
2024
25 d late
2023
27 d late
2022
28 d late
2021
44 d late
2020
31 d late
2019
62 d late
← before the deadline
after the deadline →
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€99k▼ 2.7%
2024 · €102k
2018: €207k
2019: €207k
2020: €214k
2021: €138k
2022: €118k
2023: €113k
2024: €102k
2018 → 2025
Total assets
€135k▲ 21.7%
2024 · €111k
2018: €354k
2019: €423k
2020: €366k
2021: €306k
2022: €243k
2023: €145k
2024: €111k
2018 → 2025
Net result
€-3k▲ 76.4%
2024 · €-11k
2018: €1k
2019: €79
2020: €6k
2021: €10k
2022: €-19k
2023: €-5k
2024: €-11k
2018 → 2025
Working capital
€33k▲ 27.7%
2024 · €26k
2018: €76k
2019: €56k
2020: €85k
2021: €32k
2022: €25k
2023: €25k
2024: €26k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€138k-€118k▼ 14.1%€113k▼ 4.3%€102k▼ 10.1%€99k▼ 2.7%
Operating result€19k-€-19k€-6k▲ 70.0%€-11k▼ 98.2%€-3k▲ 77.2%
Net result€10k-€-19k€-5k▲ 73.9%€-11k▼ 126%€-3k▲ 76.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3k in 2025 against €11k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €135k
Fixed assets
€66k▼ 13.0%
Current assets
€69k▲ 97.4%
Equity and liabilities €135k
Equity
€99k▼ 2.7%
Debt
€36k▲ 301%
The debt ratio rises from 8.0% to 26.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€10k▲
2024 · €1k
Cash flow
€10k▲
2024 · €1k
Solvency
73.6%▼
2024 · 92.0%
Current ratio
1.93▼
2024 · 3.92
Quick ratio
1.56▼
2024 · 3.92
Debt / equity
0.36▲
2024 · 0.09
ROE
-2.7%▲
2024 · -11.3%
ROA
-2.0%▲
2024 · -10.4%
Interest coverage
93.80▲
2024 · 19.73
Debt
€36k▲
2024 · €9k
Debt ≤ 1 year
€36k▲
2024 · €9k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€111k€135k▲
Fixed assets21/28€76k€66k▼
Tangible fixed assets22/27€76k€66k▼
Land and buildings22€52k€52k=
Plant, machinery and equipment23€24k€14k▼
Current assets29/58€35k€69k▲
Stocks and contracts in progress3-€13k
Stocks30/36-€13k
Amounts receivable within one year40/41€33k€47k▲
Trade receivables40€26k€26k▼
Other amounts receivable41€7k€21k▲
Current investments50/53€50-
Cash at bank and in hand54/58€2k€8k▲
Equity and liabilities
Total equity and liabilities10/49€111k€135k▲
Equity10/15€102k€99k▼
Contributions10/11€20k€20k=
Capital10€20k€20k=
Issued capital100€20k€20k=
Reserves13€98k€98k=
Non-distributable reserves130/1€11k€11k=
Legal reserve130€11k€11k=
Tax-exempt reserves132€32k€32k=
Distributable reserves133€55k€55k=
Profit (loss) carried forward14€-16k€-19k▼
Amounts payable17/49€9k€36k▲
Amounts payable within one year42/48€9k€36k▲
Trade debts44€5k€1k▼
Suppliers440/4€5k€1k▼
Taxes, remuneration and social security45€2k€296▼
Taxes450/3€2k€296▼
Other amounts payable47/48€1k€34k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€12k▼
Other operating charges640/8€6k€7k▲
Gross operating margin9900€8k€17k▲
Operating profit (loss)9901€-11k€-3k▲
Financial charges65/66B€69€104▲
Recurring financial charges65€69€104▲
Profit (loss) for the period before taxes9903€-11k€-3k▲
Profit (loss) for the period9904€-11k€-3k▲
Profit (loss) for the period to be appropriated9905€-11k€-3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-16k€-19k▼
Profit (loss) brought forward from the previous period14P€-5k€-16k▼
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
13-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 13 days late
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
31-12
Financial
Liquidity doublescurrent ratio 3.92
Current ratio from 1.77 to 3.92; short-term debt falls from €32k to €9k.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-12
Financial
Weakest financial yearnet €-19k ▼290%
Net result drops to €-19k, the lowest in the series; recovery starts the following year.
13-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 44 days late
2021
31-12
Financial
Highest result since 2018net €10k ▲57.2%
Operating result €19k, net result €10k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
01-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 62 days late
2019
25-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 56 days late
2018
20-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 51 days late
2017
15-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 46 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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 2004
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.
Pietakkerstraat 88755 WingeneGround area
5,378 m²
Building footprint
176 m²
Volume, LiDAR
1,020 m³
Parcel 37012C0592/00W000, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Mathonie bvba
since 20042.136.399.066
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37012C0592/00W000 | Flanders | 5,378 m² | 1 · 176 m² | 9.5 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 2023 · 4 entries · 3,978 EUR awarded · 3,978 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 3 | 3,699 EUR | 3,699 EUR |
| 2022 | 1 | 279 EUR | 279 EUR |
Schemes
Investeringssteun voor land- en tuinbouwers
Subsidie voor controlekosten voor de biologische landbouw
Hectaresteun voor de toepassing van de biologische productiemethode
Recognitions · licences · registrations
Food safety, FASFC
1 siteWingene2.136.399.066
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Of 3,625 companies in sector 01130 we hold annual accounts for 789. 486 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-03-2004
Fiscal year end31-12
Activities, NACEBEL
01121
01130Growing of vegetables, melons, roots and tubers
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.