MATHVILI
ActiveSummary
MATHVILI has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€37,475) and a net result of -€1,235. Equity is shrinking by about 6.5% per year across the filed financial years. Its solvency ranks better than 5% of 2,289 sector peers (NACE 63, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
- Equity
- -€37,475
- Loss
- -€1,235
Why 53raises riskCapped at 59: negative equityNegative equity -€37,475Loss of €1,235, the second in a row (financial year 2025)lowers riskSize: total assets €83Liquidity: current ratio 0.01, cash €83Show the evidence
Checked score
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 63, micro): better than 5% on solvency, 30% on liquidity, 7% on profitability and 36% on growth.
The bankruptcy probability was computed on 25-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 62 days before the deadline; the sector median (NACE 63) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Annual accounts filedfinancial year 2023 · micro…
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €1,190 in 2025 against €1,705 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.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 63, Computing infrastructure, data processing, hosting and other information service 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.
Peer companies
Historical observationOf the 6,906 companies that looked in July 2024 the way this one looks now, 5.8% went bankrupt within 24 months and 85.4% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,906 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €543 | €544 | €591 | €528 | €544 | ▲ 3.0% |
| Gross operating margin9900 | -€1,612 | -€917 | -€1,340 | -€846 | -€582 | -€2,502 | -€1,178 | -€647 | ▲ 45.1% |
| Operating profit (loss)9901 | -€2,165 | -€1,472 | -€1,882 | -€1,389 | -€1,126 | -€3,093 | -€1,705 | -€1,190 | ▲ 30.2% |
| Financial charges65/66B | - | - | - | €180 | €180 | €144 | €93 | €45 | ▼ 51.7% |
| Recurring financial charges65 | €917 | €690 | €393 | €180 | €180 | €144 | €93 | €45 | ▼ 51.7% |
| Profit (loss) for the period before taxes9903 | -€3,082 | -€2,162 | -€2,275 | -€1,569 | -€1,306 | -€3,237 | -€1,799 | -€1,235 | ▲ 31.3% |
| Profit (loss) for the period9904 | -€3,082 | -€2,162 | -€2,275 | -€1,569 | -€1,306 | -€3,237 | -€1,799 | -€1,235 | ▲ 31.3% |
| Profit (loss) for the period to be appropriated9905 | -€3,082 | -€2,162 | -€2,275 | -€1,569 | -€1,306 | -€3,237 | -€1,799 | -€1,235 | ▲ 31.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €287 | €1,254 | €4 | €110 | €54 | €317 | €19 | €83 | ▲ 349% |
| Current assets29/58 | €287 | €1,254 | €4 | €110 | €54 | €317 | €19 | €83 | ▲ 349% |
| Amounts receivable within one year40/41 | €238 | €425 | - | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | - | €708 | €4 | €110 | €54 | €317 | €19 | €83 | ▲ 349% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €287 | €1,254 | €4 | €110 | €54 | €317 | €19 | €83 | ▲ 349% |
| Equity10/15 | -€23,892 | -€26,054 | -€28,329 | -€29,898 | -€31,204 | -€34,441 | -€36,239 | -€37,475 | ▼ 3.4% |
| Contributions10/11 | €18,550 | €18,550 | - | €18,550 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Contributions outside capital11 | - | - | - | €18,550 | - | - | - | - | - |
| Other1109/19 | - | - | - | €18,550 | - | - | - | - | - |
| Profit (loss) carried forward14 | -€42,442 | -€44,604 | -€46,879 | -€48,448 | -€49,754 | -€52,991 | -€54,789 | -€56,025 | ▼ 2.3% |
| Amounts payable17/49 | €24,179 | €27,308 | €28,333 | €30,008 | €31,258 | €34,758 | €36,258 | €37,558 | ▲ 3.6% |
| Amounts payable after more than one year17 | - | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Other amounts payable178/9 | - | - | - | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Amounts payable within one year42/48 | €24,179 | €2,308 | €3,333 | €5,008 | €6,258 | €9,758 | €11,258 | €12,558 | ▲ 11.5% |
| Trade debts44 | - | - | €75 | - | - | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €5,008 | €6,258 | €9,758 | €11,258 | €12,558 | ▲ 11.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,082 | -€2,162 | -€2,275 | -€1,569 | -€1,306 | -€3,237 | -€1,799 | -€1,235 | ▲ 31.3% |
| Operating cash flow (approximation) | -€3,082 | -€2,162 | -€2,275 | -€1,569 | -€1,306 | -€3,237 | -€1,799 | -€1,235 | ▲ 31.3% |
| Change in cash | - | - | -€704 | €106 | -€56 | €263 | -€298 | €65 | - |
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 13 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 21-07-2026 | 2026-00313725 |
| 31-12-2024 | micro format | 06-07-2025 | 2025-00234588 |
| 31-12-2023 | micro format | 26-06-2024 | 2024-00164746 |
| 31-12-2022 | micro format | 09-05-2023 | 2023-00083381 |
| 31-12-2021 | micro format | 19-05-2022 | 2022-20035680 |
| 31-12-2020 | micro format | 21-04-2021 | 2021-11300201 |
| 31-12-2019 | micro format | 17-04-2020 | 2020-09600354 |
| 31-12-2018 | micro format | 27-06-2019 | 2019-27300403 |
| 31-12-2017 | micro format | 06-07-2018 | 2018-31600226 |
| 31-12-2016 | micro format | 23-06-2017 | 2017-23800220 |
Similar companies · same sector and region
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Joris Verlee |
|
Owners and capital
Capital and shareholders
- 09-01-2024 Converted to unavailable equity · €18,550
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
09-01
Gazette deed
Resignation: Joris Verlee (manager)Appointment: Joris Verlee (director) · Capital conversion · Reserve release11 facts ▸
- General meeting, 08-12-2023
- Other provision, “aanpassing statuten aan WVV met behoud rechtsvorm, statuten aanpassen aan WVV” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Other provision, “wettelijke reserves” (deed in Dutch)
- Reserve release, “opheffen”, 18550 (deed in Dutch)
- Name change, MATHVILI
- Amendment of the articles
- Capital
- Registered-office move, Ter Weibroek 44,9880 Aalter
- Director resignation, Joris Verlee (manager)
- Director appointment, Joris Verlee (director (not named in the articles))
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 25 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44001B0816/00E000 | Flanders | 735 m² | 1 · 162 m² | 5.9 m · 1 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Elektrotechnische installatiewerken aan gebouwen; Aankoop & verkoop,import en export,huur en verhuur van elektrische machines,electrische…” (deed in Dutch)
16 activities (deed in Dutch)
- Elektrotechnische installatiewerken aan gebouwen
- Aankoop & verkoop,import en export,huur en verhuur van elektrische machines,electrische materialen en benodigdheden,verlichting,domotica,apparaten,computers,randapparatuur en werktuigen zowel voor huishoudelijk als industrieel gebruik
- Aankoop en verkoop,import en export van alle consumeerbare producten voor zowel huishoudelijk als industrieel gebruik
- Gespecialiseerde detailhandel in kantoormachines en–meubelen,computers en standaardprogrammatuur en telecommunicatieapparatuur
- Aankoop en verkoop,huur en verhuur,onderhoud en reparatie,zowel in groothandel als in kleinhandel van computers en randapparatuur,softwareprogramma’s,electronische en telecomapparatuur en aanverwanten,evenals draadloze telecomapparatuur,computerspelletjes en-consoles,en nieuwe producten die in de toekomst op de markt zouden komen
- Ontwerp en programmatie,onderhoud en beheer van computerprogramma’s en computerfaciliteiten,gegevensverwerking,webhosting,en webportalen,ontwerp,onderhoud en beheer van websites en deze op het internet brengen
- Bewerken,beheren,verkopen en bestuderen,selecteren,verrijken,koppelen en invoeren van digitale gegevens met eigen programma of een programma van de klant
- Kosten/baten berekening van voorgestelde maatregelen op gebied van planning,efficiëntie,organisatie,… en de audit van alle computergerelateerde mogelijkheden en toepassingen
- Geluids-,verlichting-,en beeldopnamestudio:zetten van tekst,licht,beeld op film,fotografisch of normaal papier of op nieuwe toekomstige technieken,evenals activiteiten verwant aan de filmindustrie,nasynchroniseren,speciale effecten,ontwikkelen,inkleuren,dubben,ondertitelen,alsook ter beschikking stellen van technisch materiaal
- Transmissie van geluid,beelden,licht gegevens of andere info via kabel,draadloos,relais of satteliet of via toekomstige nieuwe technieken
- Exploitatie van elektronische of andere communicatie netwerken voor algemeen gebruik of gespecialiseerd gebruik,onderhoud ervan en advies ervoor
- Activiteit van systeemintegratie
- Alle activiteiten van grafisch design en ontwerp toegepast op alle mogelijke sectoren
- Het kunnen optreden als bestuurder,mandataris,vereffenaar in andere vennootschappen
- Het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen;alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten,zoals de aan-en verkoop,de bouw,de verbouwing,de binnenhuisinrichting en decoratie,de huur en verhuur
- De ruil,de onroerende lease,de verkaveling en,in het algemeen,alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het beheer of op het productief maken,van onroerende goederen of onroerende zakelijke rechten
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- MATHVILI
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Bestuursorgaan, natuurlijke personen of rechtspersonen,al dan niet aandeelhouder” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Tuesday of June at 19:00