Skip to content

MATHUR

Active Private limited company (pre-2019)founded 2010active for 16 yearsSterrenlaan 191, 2650 EdegemKBO/BCE: BE 0827.455.827
MATHUR
Follow ReportCompare

Overview

Lifetime

15 annual accounts with figures on one time axis
peak €75,139 (2011)
-€4,051▲ €810
lowest -€20,745 (2013)
-€4,197▲ €775
peak €70,591 (2012)
€23,493▼ 15.2%
€46,179▲ 5.9%
Board1 name since 2010
1 directorElecteur Kris
Documentsfilings and deeds
28-07-20263 days before the deadline
2025micro format
Gross margin from -€4,861 to -€4,051Loss of €4,197Equity from €27,691 to €23,493

Key points

from the 2025 annual accounts

Equity

€23,493 from €70,591 in 2012

Equity fell by 67% in 13 years.

Losses

-€29,048 in four years
-14,2922022-5,5872023-4,9722024-4,1972025

Every financial year from 2022 to 2025 closed with a loss. 2022 was the heaviest.

Filings

15 annual accounts since 2011
AprilJune31 JulyOctober201520202025

Five of the last ten came late. The 2020 accounts came latest: 24 days after the end of the period.

Turnover not published (micro format)

Checked score

87
Excellent
Financially stronger than 20% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.2% 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.4%▲ +0.2 percentage points vs 07-2025highest value 09-2025: 0.1%▼ -0.3 percentage points vs 08-2025lowest value 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.2%▲ +0.1 percentage points vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.1%▼ -0.1 percentage points vs 05-2026 07-2026: 0.2%▲ +0.1 percentage points vs 06-2026 08-2026: 0.2%● unchanged vs 07-2026 09-2026: 0.2%● unchanged vs 08-2026 10-2026: 0.2%● unchanged vs 09-2026 11-2026: 0.2%● unchanged vs 10-2026

Financial strength
Weak

59-5equity 33.7% of total assets
21-3short-term debt 66.3% · cash 5.1%
22+12return on assets -6.0%

Score breakdown

raises risk
Loss of €4,197, the second in a row (financial year 2025)
Liquidity: current ratio 1.51, cash €3,567
lowers risk
Sector: Activities of head offices; management consultancy activities (NACE 70)
Size: total assets €69,672
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 33% of them on solvency, 9% on liquidity, 15% on profitability and 25% on growth.

The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 6,908 companies had the same profile as MATHUR has now. Each dot stands for 18 companies, two years later.

90.9%
were still trading
7.8%
stopped another way
1.1%
went bankrupt
  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a small loss

Another 0.2% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of MATHUR itself: 0.2% within 12 months.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 6,908 companies, not a prediction for MATHUR. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit of up to €2,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 1.51 (1.64 in 2024), above the usual 1.5. Short-term debt is 66.3% and cash 5.1% of total assets. However, 66.3% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Sector: Activities of head offices; management consultancy activities (NACE 70)
KBO
lowers risk · Size: total assets €69,672
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Loss of €4,197, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Liquidity: current ratio 1.51, cash €3,567
NBB · annual accounts
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 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€4,197
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 filings
Deviation from the deadline
2025
3 days early
2024
5 days late
2023
22 days early
2022
34 days early
2021
12 days early
2020
24 days late
2019
5 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 5 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 19 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

EK
Electeur Kris
Director, since 01-07-2010
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0827455827
First establishment Sterrenlaan 191, Edegem
Incorporation published on 13-07-2010 · Gazette deed
All 21 events

Comparable companies

same main activity, similar in size and age
Company
MATHUR Edegem €69,672 -€4,051 33.7% -
ALIENTI Mechelen €68,477 -€7,396 33.1% -
Mafra Leper Olen €71,504 -€1,329 -44.5% -
M-MENTOR Antwerp €68,442 -€5,195 90.3% -
IF WE WERE YOU Mechelen €69,772 -€4,366 65.7% -
ONT/MOET Putte €71,428 -€19,684 13.4% -
MEYVIS & PARTNERS Antwerp €61,328 -€1,970 76.9% -

These companies have the same main activity as MATHUR: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €61,300 and €71,500, founded between 2010 and 2011.

Official details

Source: KBO
Status
Active since 01-07-2010Normal situation
Activity
Business and other management consultancyNACE 70200and 1 other
Establishment unit
2.191.049.8562650 Edegem, since 02-07-2010
Financial year end
31 December
Peppol
Reachable since 02-12-2025
Company details

Annual accounts 2025

-€4,051▲ 16.7%
€4,197▼ 15.6%
€23,493▼ 15.2%
€69,672▼ 2.3%
Filing
Filed on 28-07-2026, 3 days before the end of the filing period
Financials

Insights on MATHUR

MATHUR files the micro format. That format states no turnover. The gross margin fell from €75,139 in 2011 to -€4,051 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 28-07-2026, 3 days before the deadline
-€4,051
▲ €810
-€4,636
▲ €793
-
-
33.7%
▼ 5.1 percentage points
1.51
▼ 0.13

Turnover and EBIT margin are not published. The micro format does not require them.

Amounts without an identifiable currency are taken as euros.

Balance sheet

balance sheet total €69,672 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

33.7%

Higher than 33% of 39,364 companies in 2025.

1.51

Higher than 39% of 38,048 companies in 2025.

-6.0%

Higher than 11% of 38,520 companies in 2025.

MATHUR Middle half of the sector 80% of the sector Micro accounts in head offices and management consultancy (NACE 70)

Net result: bottom quarter · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202520242023202220212020201920182017201620152014201320122011
Balance sheet: assets
20/58 69,67271,28376,50185,110102,927128,02198,36277,11181,91174,68784,80191,45495,369114,221137,754
20 ------000------
21/28 --04469391,451----21685413,5006,793
21 ------000------
22/27 --04469391,451----21685413,5006,793
22 ------000------
23 ------000------
24 --04469391,451000-21685413,5006,793
26 ------000------
27 ------000------
28 ------000------
29/58 69,67271,28376,50184,664101,988126,57098,36277,11181,91174,68784,80091,28794,828110,721130,962
290 ------000------
291 ------000------
3 ------000------
30/36 ------000------
37 ------000------
40/41 4472,7342,1001,7141496056,0506159401,7759101,1004,8773,91733,310
40 --0741496056,05036194033559255--29,056
41 4472,7342,1001,640--025401,4398518444,8773,9174,253
50/53 65,65865,24172,45180,24195,24170,24170,20970,14470,07271,36681,86084,27288,86995,58593,931
54/58 3,5673,3081,9502,4606,59955,72422,1036,35310,5471,2011,3695,1891,08210,5132,381
490/1 --0249--00351345661726-7061,341
Balance sheet: equity and liabilities
10/49 69,67271,28376,50185,110102,927128,02198,36277,11181,91174,68784,80191,45495,369114,221137,754
10/15 23,49327,69132,66338,25052,54228,42715,52511,69014,04513,27419,79734,45549,84670,59162,520
10/11 18,61018,61018,61018,61018,61018,61018,61018,61018,61018,61018,61018,61018,61018,61018,610
100 ------18,61018,61018,61018,61018,61018,61018,61018,61018,610
101 ------000------
11 ------000------
1100/10 ------000------
12 ------000------
13 1,8611,8611,8611,8611,8611,8611,8611,8611,8611,8611,8611,8611,8611,8611,861
130/1 1,8611,8611,8611,8611,8611,861---------
130 ------1,8611,8611,8611,8611,8611,8611,8611,8611,861
1311 1,8611,8611,8611,8611,8611,861---------
1312 ------000------
1319 ------000------
132 ------000------
133 ------000------
14 3,0227,22012,19217,77932,0717,956-4,946-8,781-6,426-7,197-67413,98429,37550,12042,049
15 ------000------
160/5 ------000------
160 ------000------
161 ------000------
162 ------000------
163 ------000------
164/5 ------000------
168 ------000------
17/49 46,17943,59343,83946,86050,38699,59482,83765,42167,86661,41365,00457,00045,52343,63075,235
175 ------000------
176 ------000------
178/9 ------000------
42/48 46,17943,59343,83946,86050,38699,59482,83765,42167,86661,41365,00457,00045,52343,63075,235
42 ------000------
430/8 ------000------
439 ------000------
44 433026563432255002,123767251,4112,754740992,61728,438
440/4 433026563432255002,123767251,4112,754740992,61728,438
441 ------000------
46 ------000------
45 0626209534403,0662695463131311343,07725,993
450/3 0626209534403,0662695463131311343,07725,993
454/9 ------000------
47/48 46,13643,22943,12146,51749,20798,65477,64865,07666,59459,97162,21956,22845,29037,93620,804
492/3 ------000------
Income statement
70 --------0------
76A ------000------
9900 -4,051-4,861-4,803-13,24525,16013,4084,513-1,6341,459-6,053-14,187-15,921-18,32713,34175,139
60/61 --------0------
62 ------000------
630 -04464935122800021663743,4613,2932,873
631/4 ------000------
635/8 ------000------
640/8 5855694935075035097285544939751,0885679669233,497
649 ------000------
66A ------000------
9901 -4,636-5,430-5,743-14,24424,14512,8703,786-2,189967-7,030-15,440-16,862-22,7549,12568,770
75/76B 60234430100459410205067851,4711,7131,9681,176
75 60234430100459410205067851,4711,7131,9681,176
76B ------000------
65/66B 7267554844000195-20033110
65 7267554844000195-20033110
66B ------000------
9903 -4,107-5,153-5,497-14,29224,10112,9153,879-2,087772-6,523-14,658-15,391-21,04111,06169,836
67/77 90-181900-1313442680----2962,98925,926
9904 -4,197-4,972-5,587-14,29224,11512,9023,835-2,355772-6,523-14,658-15,391-20,7458,07143,910
789 ------000------
689 ------000------
9905 -4,197-4,972-5,587-14,29224,11512,9023,835-2,355772-6,523-14,658-15,391-20,7458,07143,910
Appropriation of the result
9906 3,0227,22012,19217,77932,0717,956-4,946-8,781-6,426-7,197-67413,98429,37550,12043,910
14P 7,22012,19217,77932,0717,956----------
791/2 ------000------
691/2 --------------1,861
691 ------000------
6920 ------000-----1,861
6921 ------000------
694 ------000------
695 ------000------
696 ------000------
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 28-07-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 28-07-2026 2026-00339252 PDF
31-12-2024 micro format 05-08-2025 2025-00362876 PDF
31-12-2023 micro format 09-07-2024 2024-00224140 PDF
31-12-2022 micro format 27-06-2023 2023-00159524 PDF
31-12-2021 micro format 19-07-2022 2022-20198245 PDF
31-12-2020 micro format 24-08-2021 2021-51800149 PDF
31-12-2019 micro format 05-08-2020 2020-38900132 PDF
31-12-2018 micro format 19-08-2019 2019-46900461 PDF
31-12-2017 micro format 02-07-2018 2018-25600192 PDF
31-12-2016 micro format 22-08-2017 2017-45100064 PDF
31-12-2015 abbreviated format 31-05-2016 2016-13800360 PDF
31-12-2014 abbreviated format 12-06-2015 2015-17400459 PDF
31-12-2013 abbreviated format 23-07-2014 2014-35400278 PDF
31-12-2012 abbreviated format 02-07-2013 2013-26700482 PDF
31-12-2011 abbreviated format 21-05-2012 2012-12400210 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023202220212020201920182017201620152014201320122011
--5,430-5,297-13,75124,65712,8993,786-2,189967-7,028-15,275-16,488-19,29312,41871,642
--4,972-5,141-13,79924,62712,9303,835-2,355772-6,522-14,492-15,017-17,28411,36446,783
-00001,47900000050209,666
2591,358-510-4,138-49,12633,62215,750-4,1959,346-168-3,8204,107-9,4318,133-
23,49327,69132,66337,80451,60226,97615,52511,69014,04513,27419,79534,28749,30567,09155,727
33.7%38.8%42.7%44.9%51.0%22.2%15.8%15.2%17.1%17.8%23.3%37.7%52.3%61.8%45.4%
1.511.641.751.812.021.271.191.181.211.221.301.602.082.541.74
1.971.571.341.230.963.505.345.604.834.633.281.650.910.621.20
-17.9%-18.0%-17.1%-37.4%45.9%45.4%24.7%-20.1%5.5%-49.1%-74.0%-44.7%-41.6%11.4%70.2%
-6.0%-7.0%-7.3%-16.8%23.4%10.1%3.9%-3.1%0.9%-8.7%-17.3%-16.8%-21.8%7.1%31.9%
--80.86-96.48-289.19over 100----------

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Insights on MATHUR

The operating result for 2025 is a loss of €4,636, smaller than the loss of €5,430 in 2024.

Debt's share of the balance-sheet total rises from 61.2% to 66.3%. Equity is lower and debt is higher.

Board & ownership

Board

1 director
Electeur Kris
Director
since 01-07-2010
listed in the 2025 annual accounts, filed on 28-07-2026

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
Electeur Kris
Director
Board
Mandates as a list
  • Electeur Kris
    • Director, from 01-07-2010 to date

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Contribution
€18,610
Source
2025 annual accounts

Network & group

No group

MATHUR has no parent and no holdings in its annual accounts. Electeur Kris is the only director. MATHUR shares no director with another company.

Timeline

Timeline

21 events since 2010

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBmicro format · 3 days before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0827455827
Annual accounts 2024 filed PDFmicro format · 5 days late
2024
Annual accounts 2023 filed PDFmicro format · 22 days before the deadline
2023
Annual accounts 2022 filed PDFmicro format · 34 days before the deadline
2022
Annual accounts 2021 filed PDFmicro format · 12 days before the deadline
2021
Annual accounts 2020 filed PDFmicro format · 24 days late
2020
Annual accounts 2019 filed PDFmicro format · 5 days late
2019
Back to profit net €3,835 The net result is €3,835, after one loss-making year.
Annual accounts 2018 filed PDFmicro format · 19 days late
2018
Annual accounts 2017 filed PDFmicro format · 29 days before the deadline
2017
Back to profit net €772 The net result is €772, after 4 loss-making years.
Annual accounts 2016 filed PDFmicro format · 22 days late
2016
Annual accounts 2015 filed PDFabbreviated format · 61 days before the deadline
2015
Annual accounts 2014 filed PDFabbreviated format · 49 days before the deadline
2014
Annual accounts 2013 filed PDFabbreviated format · 8 days before the deadline
2013
Weakest financial year net -€20,745 The net result drops to -€20,745, the lowest from 2011 to 2025. It recovers the following year.
Annual accounts 2012 filed PDFabbreviated format · 29 days before the deadline
2012
Annual accounts 2011 filed PDFabbreviated format · 71 days before the deadline
2010
First establishment Sterrenlaan 191, Edegem
Incorporation PDFpublished on 13-07-2010

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 1 July 2010, MATHUR was incorporated.1 Total assets went from €77,111 in 2018 to €69,672 in 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2025

Company details

Identity

Enterprise number
0827.455.827
VAT number
BE 0827.455.827
Peppol ID
0208:0827455827
Other Peppol ID
9925:BE0827455827
Legal form
Private limited company (pre-2019)
Status
Active, normal situation
Founded
01-07-2010
Financial year
ends on 31 December
Peppol
Reachable since 02-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
MATHUR in Dutch
Entity type
Legal entity

Activities

NACEBEL 2025
70200 Business and other management consultancy main activity
47781 Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
Codes under NACEBEL 2008
70220 Business consulting main activity
47990 Retail trade

Registered office and establishments

1 establishment
Establishment Since Unit number
Sterrenlaan 191 registered office 2650 Edegem 02-07-2010 2.191.049.856

Buildings and parcels at the address

Ground area
165 m²
Buildings
92 m²
Volume, LiDAR
666 m³
Tallest building
10.9 m
Buildings to scale, each on its own parcel
92 m², 10.9 m 92 m², 10.9 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
11013A0053/00Z005165 m² 1 · 92 m² 10.9 m · 3

We would like to set cookies. That happens only with your consent. What we measure