MATHULU
ActiveSummary
MATHULU has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-41k) and a net result of €-13k. Equity is shrinking by ~50.9% per year across the filed fiscal years. Its solvency ranks better than 5% of 17043 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
25
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-93
Solvency0=
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.01 against 0.21 in 2024; short-term debt: 496.4% and cash: 0.5% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five 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 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
-396.4%
Return on assets
-129.1%
Age of the figures
9 mo
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year €-41k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 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 · 6 filingsDeviation from the deadline
2025
10 d late
2024
54 d late
2023
58 d early
2022
70 d late
2021
58 d early
2020
32 d early
← 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-41k▼ 48.3%
2024 · €-28k
2020: €7k
2021: €5k
2022: €-15k
2023: €-33k
2024: €-28k
2020 → 2025
Total assets
€10k▼ 65.7%
2024 · €30k
2020: €29k
2021: €55k
2022: €37k
2023: €30k
2024: €30k
2020 → 2025
Net result
€-13k
2024 · €6k
2020: €5k
2021: €-3k
2022: €-19k
2023: €-19k
2024: €6k
2020 → 2025
Working capital
€-51k▼ 10.2%
2024 · €-46k
2020: €7k
2021: €-39k
2022: €-49k
2023: €-60k
2024: €-46k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€5k-€-15k€-33k▼ 128%€-28k▲ 17.3%€-41k▼ 48.3%
Operating result€-2k-€-19k▼ 930%€-17k▲ 8.2%€6k€-13k
Net result€-3k-€-19k▼ 636%€-19k▲ 3.2%€6k€-13k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €13k after €6k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10k
Fixed assets
€10k ▼ 47.5%
Current assets
€757 ▼ 93.7%
Key figures and ratios
EBITDA
€-5k▼
2024 · €15k
Cash flow
€-5k▼
2024 · €14k
Solvency
-396.4%▼
2024 · -91.6%
Current ratio
0.01▼
2024 · 0.21
Debt to equity
-1.25▲
2024 · -2.09
ROA
-129.1%▼
2024 · 19.2%
Interest coverage
-40.40▼
2024 · 140.81
Debt
€51k▼
2024 · €58k
Debt ≤ 1 year
€51k▼
2024 · €58k
Income taxes
€0▼
2024 · €158
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 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€30k€10k▼
Fixed assets21/28€18k€10k▼
Intangible fixed assets21€16k€8k▼
Tangible fixed assets22/27€2k€2k▼
Furniture and vehicles24€2k€2k▼
Current assets29/58€12k€757▼
Amounts receivable within one year40/41€200€708▲
Trade receivables40€0-
Other amounts receivable41€200€708▲
Cash at bank and in hand54/58€11k€49▼
Deferred charges and accrued income490/1€454€0▼
Equity and liabilities
Total equity and liabilities10/49€30k€10k▼
Equity10/15€-28k€-41k▼
Contributions10/11€2k€2k=
Reserves13€5k€5k=
Distributable reserves133€5k€5k=
Profit (loss) carried forward14€-35k€-48k▼
Amounts payable17/49€58k€51k▼
Amounts payable within one year42/48€58k€51k▼
Trade debts44€505€3k▲
Suppliers440/4€505€3k▲
Taxes, remuneration and social security45€373€158▼
Taxes450/3€373€158▼
Other amounts payable47/48€57k€48k▼
Income statement
Code20242025
Remuneration, social security and pensions62€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€9k=
Other operating charges640/8€387€400▲
Gross operating margin9900€15k€-4k▼
Operating profit (loss)9901€6k€-13k▼
Financial income75/76B€10€0▼
Recurring financial income75€10€0▼
Financial charges65/66B€104€113▲
Recurring financial charges65€104€113▲
Profit (loss) for the period before taxes9903€6k€-13k▼
Income taxes67/77€158€0▼
Profit (loss) for the period9904€6k€-13k▼
Profit (loss) for the period to be appropriated9905€6k€-13k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-35k€-48k▼
Profit (loss) brought forward from the previous period14P€-41k€-35k▲
The notes to these accounts (7 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
10-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 10 days late
2025
23-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 54 days late
2024
31-12
Financial
Back to profitnet €6k
Net result €6k after 3 loss-making years.
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
31-12
Financial
Weakest financial yearnet €-19k
Net result drops to €-19k, the lowest in the series; recovery starts the following year.
03-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Dilbeek · 1 establishment unit since 2020
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.
Keperenbergstraat 1461701 DilbeekGround area
1,922 m²
Building footprint
132 m²
Volume, LiDAR
879 m³
Parcel 23037B0482/00B000, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Keperenbergstraat 146, 1701 Dilbeek
since 20202.302.175.828
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23037B0482/00B000 | Flanders | 1,922 m² | 1 · 132 m² | 9.4 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.
Similar companies · same sector, comparable size
MANU LAMERS
BE 0703.876.045
Bocholt · Eq €4,670
EARCHITECTURA
BE 0772.982.607
Jette · Eq €4,667
LIERMAN CONSULTING
BE 0695.417.051
Gent · Eq €4,656
CoffeeX
BE 0772.472.168
Nivelles · Eq €4,716
SecureFlow
BE 1017.357.774
La Louvière · Eq €4,645
Of 16,884 companies in sector 62100 we hold annual accounts for 8,775. 2,881 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
Founded04-03-2020
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
47400Retail sale of information and communication equipment
58290Other software publishing
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.