MATHUR
ActiveSummary
MATHUR has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €23k and a net result of €-4k. Equity is growing by ~7.4% per year across the filed fiscal years. Its solvency ranks better than 33% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability22▲+12
Solvency59▼-5
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 1.51 against 1.64 in 2024; short-term debt: 66.3% and cash: 5.1% of total assets), but 66.3% of the assets are financed with debt.
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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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 · 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
33.7%
Return on assets
-6%
Age of the figures
9 mo
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 €-4k
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 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
5 d late
2023
22 d early
2022
34 d early
2021
12 d early
2020
24 d late
2019
5 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
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€23k▼ 15.2%
2024 · €28k
2018: €14klowest in 8 years
2019: €16k▲ +10.5% vs 2018
2020: €28k▲ +83.1% vs 2019
2021: €53k▲ +84.8% vs 2020highest in 8 years
2022: €38k▼ -27.2% vs 2021
2023: €33k▼ -14.6% vs 2022
2024: €28k▼ -15.2% vs 2023
2025: €23k▼ -15.2% vs 2024
2018 → 2025
Total assets
€70k▼ 2.3%
2024 · €71k
2018: €82k
2019: €98k▲ +20.1% vs 2018
2020: €128k▲ +30.2% vs 2019highest in 8 years
2021: €103k▼ -19.6% vs 2020
2022: €85k▼ -17.3% vs 2021
2023: €77k▼ -10.1% vs 2022
2024: €71k▼ -6.8% vs 2023
2025: €70k▼ -2.3% vs 2024lowest in 8 years
2018 → 2025
Net result
€-4k▲ 15.6%
2024 · €-5k
2018: €-2k
2019: €4k▲ +263% vs 2018
2020: €13k▲ +236% vs 2019
2021: €24k▲ +86.9% vs 2020highest in 8 years
2022: €-14k▼ -159% vs 2021lowest in 8 years
2023: €-6k▲ +60.9% vs 2022
2024: €-5k▲ +11.0% vs 2023
2025: €-4k▲ +15.6% vs 2024
2018 → 2025
Working capital
€23k▼ 15.2%
2024 · €28k
2018: €14klowest in 8 years
2019: €16k▲ +10.5% vs 2018
2020: €27k▲ +73.8% vs 2019
2021: €52k▲ +91.3% vs 2020highest in 8 years
2022: €38k▼ -26.7% vs 2021
2023: €33k▼ -13.6% vs 2022
2024: €28k▼ -15.2% vs 2023
2025: €23k▼ -15.2% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€53k-€38k▼ 27.2%€33k▼ 14.6%€28k▼ 15.2%€23k▼ 15.2%
2021: €53khighest in 5 years
2022: €38k▼ -27.2% vs 2021
2023: €33k▼ -14.6% vs 2022
2024: €28k▼ -15.2% vs 2023
2025: €23k▼ -15.2% vs 2024lowest in 5 years
Operating result€24k-€-14k€-6k▲ 59.7%€-5k▲ 5.5%€-5k▲ 14.6%
2021: €24khighest in 5 years
2022: €-14k▼ -159% vs 2021lowest in 5 years
2023: €-6k▲ +59.7% vs 2022
2024: €-5k▲ +5.5% vs 2023
2025: €-5k▲ +14.6% vs 2024
Net result€24k-€-14k€-6k▲ 60.9%€-5k▲ 11.0%€-4k▲ 15.6%
2021: €24khighest in 5 years
2022: €-14k▼ -159% vs 2021lowest in 5 years
2023: €-6k▲ +60.9% vs 2022
2024: €-5k▲ +11.0% vs 2023
2025: €-4k▲ +15.6% vs 2024
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 €5k in 2025 against €5k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €70k
Equity
€23k ▼ 15.2%
Debt
€46k ▲ 5.9%
Debt's share of the balance-sheet total rises from 61.2% to 66.3%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
1.51▼
2024 · 1.64
Debt to equity
1.97▲
2024 · 1.57
ROE
-17.9%▲
2024 · -18.0%
ROA
-6.0%▲
2024 · -7.0%
Debt ≤ 1 year
€46k▲
2024 · €44k
Income taxes
€90▲
2024 · €-181
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 · 34 lines
Balance sheet
Code20242025
Assets
Total assets20/58€71k€70k▼
Current assets29/58€71k€70k▼
Amounts receivable within one year40/41€3k€447▼
Other amounts receivable41€3k€447▼
Current investments50/53€65k€66k▲
Cash at bank and in hand54/58€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€71k€70k▼
Equity10/15€28k€23k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€7k€3k▼
Amounts payable17/49€44k€46k▲
Amounts payable within one year42/48€44k€46k▲
Trade debts44€302€43▼
Suppliers440/4€302€43▼
Taxes, remuneration and social security45€62€0▼
Taxes450/3€62€0▼
Other amounts payable47/48€43k€46k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0-
Other operating charges640/8€569€585▲
Gross operating margin9900€-5k€-4k▲
Operating profit (loss)9901€-5k€-5k▲
Financial income75/76B€344€602▲
Recurring financial income75€344€602▲
Financial charges65/66B€67€72▲
Recurring financial charges65€67€72▲
Profit (loss) for the period before taxes9903€-5k€-4k▲
Income taxes67/77€-181€90▲
Profit (loss) for the period9904€-5k€-4k▲
Profit (loss) for the period to be appropriated9905€-5k€-4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€7k€3k▼
Profit (loss) brought forward from the previous period14P€12k€7k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €512 | €493 | €446 | €0 | - | - |
| Other operating charges640/8 | €503 | €507 | €493 | €569 | €585 | ▲ 2.9% |
| Gross operating margin9900 | €25k | €-13k | €-5k | €-5k | €-4k | ▲ 16.7% |
| Operating profit (loss)9901 | €24k | €-14k | €-6k | €-5k | €-5k | ▲ 14.6% |
| Financial income75/76B | €0 | €0 | €301 | €344 | €602 | ▲ 74.8% |
| Recurring financial income75 | €0 | €0 | €301 | €344 | €602 | ▲ 74.8% |
| Financial charges65/66B | €44 | €48 | €55 | €67 | €72 | ▲ 7.4% |
| Recurring financial charges65 | €44 | €48 | €55 | €67 | €72 | ▲ 7.4% |
| Profit (loss) for the period before taxes9903 | €24k | €-14k | €-5k | €-5k | €-4k | ▲ 20.3% |
| Income taxes67/77 | €-13 | €0 | €90 | €-181 | €90 | ▲ 150% |
| Profit (loss) for the period9904 | €24k | €-14k | €-6k | €-5k | €-4k | ▲ 15.6% |
| Profit (loss) for the period to be appropriated9905 | €24k | €-14k | €-6k | €-5k | €-4k | ▲ 15.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €103k | €85k | €77k | €71k | €70k | ▼ 2.3% |
| Fixed assets21/28 | €939 | €446 | €0 | - | - | - |
| Tangible fixed assets22/27 | €939 | €446 | €0 | - | - | - |
| Furniture and vehicles24 | €939 | €446 | €0 | - | - | - |
| Current assets29/58 | €102k | €85k | €77k | €71k | €70k | ▼ 2.3% |
| Amounts receivable within one year40/41 | €149 | €2k | €2k | €3k | €447 | ▼ 83.6% |
| Trade receivables40 | €149 | €74 | €0 | - | - | - |
| Other amounts receivable41 | - | €2k | €2k | €3k | €447 | ▼ 83.6% |
| Current investments50/53 | €95k | €80k | €72k | €65k | €66k | ▲ 0.6% |
| Cash at bank and in hand54/58 | €7k | €2k | €2k | €3k | €4k | ▲ 7.8% |
| Deferred charges and accrued income490/1 | - | €249 | €0 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €103k | €85k | €77k | €71k | €70k | ▼ 2.3% |
| Equity10/15 | €53k | €38k | €33k | €28k | €23k | ▼ 15.2% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €32k | €18k | €12k | €7k | €3k | ▼ 58.1% |
| Amounts payable17/49 | €50k | €47k | €44k | €44k | €46k | ▲ 5.9% |
| Amounts payable within one year42/48 | €50k | €47k | €44k | €44k | €46k | ▲ 5.9% |
| Trade debts44 | €225 | €343 | €656 | €302 | €43 | ▼ 85.8% |
| Suppliers440/4 | €225 | €343 | €656 | €302 | €43 | ▼ 85.8% |
| Taxes, remuneration and social security45 | €953 | €0 | €62 | €62 | €0 | ▼ 100% |
| Taxes450/3 | €953 | €0 | €62 | €62 | €0 | ▼ 100% |
| Other amounts payable47/48 | €49k | €47k | €43k | €43k | €46k | ▲ 6.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24k | €-14k | €-6k | €-5k | €-4k | ▲ 15.6% |
| + Depreciation and write-downs630 | €512 | €493 | €446 | €0 | - | - |
| Operating cash flow (approximation) | €25k | €-14k | €-5k | €-5k | €-4k | ▲ 15.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - | - |
| Change in cash | - | €-4k | €-510 | €1k | €259 | ▼ 81.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
05-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 5 days late
2024
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-14k
Net result drops to €-14k, the lowest in the series; recovery starts the following year.
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €24k ▲86.9%
Operating result €24k, net result €24k, both a record.
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
05-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 5 days late
2019
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 19 days late
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 22 days late
Financial 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.
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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, Edegem · 1 establishment unit since 2010
Ground area
165 m²
Building footprint
92 m²
Volume, LiDAR
666 m³
Parcel 11013A0053/00Z005, Flanders · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Sterrenlaan 191, 2650 Edegem
since 20102.191.049.856
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11013A0053/00Z005 | Flanders | 165 m² | 1 · 92 m² | 10.9 m · 3 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.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 32,255 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 (pre-2019)
Founded01-07-2010
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
Scores and ratios are computed by Checked and are not a credit decision.