MATHUIS
Open bankruptcyFrom the official registers: KBO 28 annual accounts at the National Bank publications in the Belgian Official Gazette
Financials · financial year 2025, micro format
Latest annual accounts filed
Annual accounts 2025
- Financial year ended
- 30-06-2025
- Filed on
- 19-01-2026
- Format
- micro format
- Reference
- 2026-00009894
Turnover
≈ €52,000
Estimated: probably between €35,000 and €84,000
Total assets
€221,683▼ 1.4%
2024 · €224,901
Net result
-€3,824▲ 52.8%
2024 · -€8,097
Working capital
-€1,178▼ 673%
2024 · -€152
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result stays negative: a loss of €3,760 in 2025 against €8,011 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€3,760
2025
Net result-€3,824
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€221,683
2025
Equity-€141,771
2025
Debt€363,455
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€1,178
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-1.7%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency-64.0%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.50
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result-€9,982--€11,760▼ 17.8%-€12,763▼ 8.5%-€12,506▲ 2.0%-€2,860▲ 77.1%-€8,011▼ 180%-€3,760▲ 53.1%
Net result-€28,982--€11,760below the sector's middle half▲ 59.4%-€65,277below the sector's middle half▼ 455%-€17,006below the sector's middle half▲ 73.9%-€3,092within the sector's middle half▲ 81.8%-€8,097within the sector's middle half▼ 162%-€3,824within the sector's middle half▲ 52.8%
Equity-€32,715--€44,475below the sector's middle half▼ 35.9%-€109,752below the sector's middle half▼ 147%-€126,759below the sector's middle half▼ 15.5%-€129,850below the sector's middle half▼ 2.4%-€137,948below the sector's middle half▼ 6.2%-€141,771below the sector's middle half▼ 2.8%
Total assets€278,260-€262,205below the sector's middle half▼ 5.8%€240,104below the sector's middle half▼ 8.4%€224,049below the sector's middle half▼ 6.7%€208,000within the sector's middle half▼ 7.2%€224,901within the sector's middle half▲ 8.1%€221,683within the sector's middle half▼ 1.4%
Debt€310,975-€306,680▼ 1.4%€349,856▲ 14.1%€350,807▲ 0.3%€337,850▼ 3.7%€362,849▲ 7.4%€363,455▲ 0.2%
Working capital-€39,116--€43,511within the sector's middle half▼ 11.2%-€34,587within the sector's middle half-€458within the sector's middle half▲ 98.7%-€152within the sector's middle half▲ 66.7%-€1,178within the sector's middle half▼ 673%
Solvency-11.8%--17.0%below the sector's middle half▼ 5.2pp-45.7%below the sector's middle half▼ 28.7pp-56.6%below the sector's middle half▼ 10.9pp-62.4%below the sector's middle half▼ 5.9pp-61.3%below the sector's middle half▲ 1.1pp-64.0%below the sector's middle half▼ 2.6pp
Current ratio0.13-0.12below the sector's middle half▼ 0.010.00below the sector's middle half0.02below the sector's middle half▲ 0.020.09below the sector's middle half▲ 0.080.50within the sector's middle half▲ 0.41
Return on assets (ROA)-10.4%--4.5%below the sector's middle half▲ 5.9pp-27.2%below the sector's middle half▼ 22.7pp-7.6%below the sector's middle half▲ 19.6pp-1.5%within the sector's middle half▲ 6.1pp-3.6%below the sector's middle half▼ 2.1pp-1.7%within the sector's middle half▲ 1.9pp
above
within
below
the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €221,683
Fixed assets
€220,501 ▼ 1.9%
Current assets
€1,182 ▲ 75×
Equity and liabilities
Equity-€141,771
Debt€363,455
Equity is negative: debt (€363,455) exceeds the balance-sheet total (€221,683).
Key figures and ratios
EBITDA
€16,786▲
2024 · €10,045
Cash flow
€16,722▲
2024 · €9,959
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€2,360▲
2024 · €168
Debt > 1 year
€360,894▼
2024 · €361,356
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,055 | €16,055 | €16,055 | €16,056 | €16,056 | €18,056 | €20,546 | ▲ 13.8% |
| Other operating charges640/8 | - | - | €8,156 | €2,332 | €1,507 | €2,607 | €2,691 | ▲ 3.2% |
| Gross operating margin9900 | €6,073 | €5,544 | €11,447 | €5,882 | €14,703 | €12,652 | €19,478 | ▲ 53.9% |
| Operating profit (loss)9901 | -€9,982 | -€11,760 | -€12,763 | -€12,506 | -€2,860 | -€8,011 | -€3,760 | ▲ 53.1% |
| Financial charges65/66B | - | - | €1,306 | €4,501 | €232 | €86 | €64 | ▼ 25.2% |
| Recurring financial charges65 | - | - | €1,306 | €4,501 | €232 | €86 | €64 | ▼ 25.2% |
| Profit (loss) for the period before taxes9903 | -€9,982 | -€11,760 | -€14,069 | -€17,006 | -€3,092 | -€8,097 | -€3,824 | ▲ 52.8% |
| Income taxes67/77 | €19,000 | - | €51,208 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€28,982 | -€11,760 | -€65,277 | -€17,006 | -€3,092 | -€8,097 | -€3,824 | ▲ 52.8% |
| Profit (loss) for the period to be appropriated9905 | -€28,982 | -€11,760 | -€65,277 | -€17,006 | -€3,092 | -€8,097 | -€3,824 | ▲ 52.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €278,260 | €262,205 | €240,104 | €224,049 | €208,000 | €224,901 | €221,683 | ▼ 1.4% |
| Fixed assets21/28 | €272,516 | €256,461 | €240,104 | €224,048 | €207,992 | €224,885 | €220,501 | ▼ 1.9% |
| Tangible fixed assets22/27 | €272,213 | €256,159 | €240,104 | €224,048 | €207,992 | €224,885 | €220,501 | ▼ 1.9% |
| Land and buildings22 | - | - | €240,104 | €224,048 | €207,992 | €224,885 | €220,501 | ▼ 1.9% |
| Financial fixed assets28 | €302 | €302 | - | - | - | - | - | - |
| Current assets29/58 | €5,744 | €5,744 | - | €0 | €7 | €16 | €1,182 | ▲ 75× |
| Amounts receivable within one year40/41 | €5,744 | €5,744 | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | - | - | - | €0 | €7 | €16 | €16 | ▼ 0.9% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | €1,167 | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €278,260 | €262,205 | €240,104 | €224,049 | €208,000 | €224,901 | €221,683 | ▼ 1.4% |
| Equity10/15 | -€32,715 | -€44,475 | -€109,752 | -€126,759 | -€129,850 | -€137,948 | -€141,771 | ▼ 2.8% |
| Contributions10/11 | €372,000 | €372,000 | €372,000 | €372,000 | €372,000 | €372,000 | €372,000 | = |
| Capital10 | - | - | €372,000 | €372,000 | €372,000 | €372,000 | €372,000 | = |
| Issued capital100 | - | - | €372,000 | €372,000 | €372,000 | €372,000 | €372,000 | = |
| Profit (loss) carried forward14 | -€404,715 | -€416,475 | -€481,752 | -€498,759 | -€501,850 | -€509,948 | -€513,771 | ▼ 0.7% |
| Amounts payable17/49 | €310,975 | €306,680 | €349,856 | €350,807 | €337,850 | €362,849 | €363,455 | ▲ 0.2% |
| Amounts payable after more than one year17 | €266,115 | €257,426 | €298,259 | €316,046 | €336,102 | €361,356 | €360,894 | ▼ 0.1% |
| Other amounts payable178/9 | - | - | €298,259 | €316,046 | €336,102 | €361,356 | €360,894 | ▼ 0.1% |
| Amounts payable within one year42/48 | €44,859 | €49,255 | €51,423 | €34,588 | €465 | €168 | €2,360 | ▲ 14× |
| Trade debts44 | - | - | €1,445 | €4,797 | €465 | €168 | €2,360 | ▲ 14× |
| Suppliers440/4 | - | - | €1,445 | €4,797 | €465 | €168 | €2,360 | ▲ 14× |
| Taxes, remuneration and social security45 | - | - | €49,978 | €29,791 | - | - | - | - |
| Taxes450/3 | - | - | €49,978 | €29,791 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €174 | €174 | €1,283 | €1,325 | €200 | ▼ 84.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€28,982 | -€11,760 | -€65,277 | -€17,006 | -€3,092 | -€8,097 | -€3,824 | ▲ 52.8% |
| + Depreciation and write-downs630 | €16,055 | €16,055 | €16,055 | €16,056 | €16,056 | €18,056 | €20,546 | ▲ 13.8% |
| Operating cash flow (approximation) | -€12,927 | €4,294 | -€49,222 | -€950 | €12,964 | €9,959 | €16,722 | ▲ 67.9% |
| Investment in fixed assets (approximation) | - | €0 | €302 | €0 | €0 | -€34,950 | -€16,162 | ▲ 53.8% |
| Change in cash | - | - | - | - | €7 | €9 | -€0 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 28 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 19-01-2026 | 2026-00009894 | |
| 30-06-2024 | micro format | 17-12-2024 | 2024-00618275 | |
| 30-06-2023 | micro format | 20-12-2023 | 2023-00532515 | |
| 30-06-2022 | abbreviated format | 10-01-2023 | 2023-00000099 | |
| 30-06-2021 | abbreviated format | 07-06-2022 | 2022-20059444 | |
| 30-06-2020 | abbreviated format | 26-10-2021 | 2021-75000396 | |
| 30-06-2019 | abbreviated format | 26-10-2021 | 2021-75000397 | |
| 30-06-2018 | abbreviated format | 26-10-2021 | 2021-75000398 | |
| 30-06-2017 | abbreviated format | 10-01-2018 | 2018-01000322 | |
| 30-06-2016 | abbreviated format | 10-01-2018 | 2018-01000321 |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 9,085 active companies whose main activity is renting and operating of own or leased residential real estate, excluding social housing (NACE 68201), figures are known for 6,927. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.