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MATHY CONSTRUCT

Active Private limited companyfounded 2019active for 7 yearsEdgar Tinelstraat 2, 1070 AnderlechtKBO/BCE: BE 0727.715.081
MATHY CONSTRUCT
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Overview

Lifetime

6 annual accounts with figures on one time axis
peak €54,697 (2023)
€22,366▼ 9.0%
lowest -€3,237 (2021)
€6,806▲ 105%
peak €46,049 (2025)
€46,049▲ 17.3%
€22,122▼ 61.0%
Board3 names since 2024
1 directorAniţi Marius Ionut
Documentsfilings and deeds
25-06-202636 days before the deadline
2025micro format
Result from €3,324 to €6,806Equity from €39,242 to €46,049Debts from €56,671 to €22,122

Key points

from the 2025 annual accounts

Liquidity

3.95 was 1.67 in 2024

Short-term debts fell from €48,869 to €16,201.

Filings

6 annual accounts 5 late
AprilJune31 JulyOctober202020222024

The 2020 accounts came latest: 89 days after the end of the period.

Board

1 left

A director left. Latest change 26-02-2026 · 1 in office.

Checked score

86
Excellent
Financially stronger than 72% of micro companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 1.9% 01-2025: 1.9%● unchanged vs 12-2024 02-2025: 1.9%● unchanged vs 01-2025 03-2025: 1.9%● unchanged vs 02-2025 04-2025: 1.9%● unchanged vs 03-2025 05-2025: 1.9%● unchanged vs 04-2025 06-2025: 1.7%▼ -0.2 percentage points vs 05-2025 07-2025: 1.8%▲ +0.1 percentage points vs 06-2025 08-2025: 2.2%▲ +0.4 percentage points vs 07-2025 09-2025: 2.3%▲ +0.1 percentage points vs 08-2025 10-2025: 3.7%▲ +1.4 percentage points vs 09-2025highest value 11-2025: 1.1%▼ -2.6 percentage points vs 10-2025 12-2025: 1.1%● unchanged vs 11-2025 01-2026: 1.2%▲ +0.1 percentage points vs 12-2025 02-2026: 1.2%● unchanged vs 01-2026 03-2026: 1.2%● unchanged vs 02-2026 04-2026: 1.2%● unchanged vs 03-2026 05-2026: 1.1%▼ -0.1 percentage points vs 04-2026 06-2026: 1.0%▼ -0.1 percentage points vs 05-2026 07-2026: 0.4%▼ -0.6 percentage points vs 06-2026lowest value 08-2026: 0.4%● unchanged vs 07-2026lowest value 09-2026: 0.4%● unchanged vs 08-2026lowest value 10-2026: 0.4%● unchanged vs 09-2026 11-2026: 0.4%● unchanged vs 10-2026

Financial strength
Strong

93+27equity 67.5% of total assets
91+17short-term debt 23.8% · cash 52.4%
81+2return on assets 10.0%

Score breakdown

raises risk
2 of the last 3 accounts late
Size: total assets €68,171
lowers risk
Liquidity: current ratio 3.95, cash €35,729
Equity €46,049 (67.5% of total assets)
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 43, micro). It does better than 73% of them on solvency, 89% on liquidity, 62% on profitability and 65% on growth.

The bankruptcy probability was computed on 08-11-2026 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, 26,972 companies had the same profile as MATHY CONSTRUCT has now. Each dot stands for 68 companies, two years later.

94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

Another 0.1% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of MATHY CONSTRUCT itself: 0.4% 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 26,972 companies, not a prediction for MATHY CONSTRUCT. 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 €3,500 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 3.95 (1.67 in 2024), above the usual 1.5. Short-term debt is 23.8% and cash 52.4% of total assets. 32.5% 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

Five signals.
lowers riskraises riskneutral
lowers risk · Liquidity: current ratio 3.95, cash €35,729
NBB · annual accounts
raises risk · 2 of the last 3 accounts late
NBB · filings
raises risk · Size: total assets €68,171
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Equity €46,049 (67.5% of total assets)
NBB · annual accounts
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 25-06-2026, 36 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
36 days early
2024
61 days late
2023
31 days late
2022
31 days late
2021
31 days late
2020
89 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 35 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% 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 31 August (4 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

AM
Aniţi Marius Ionut
Director
  • Aniti Lorena 60 sharesdeed of 24-05-2024
  • Aniti Marius 40 sharesdeed of 24-05-2024
Board & ownership

Recent changes

Resignation: Aniti Lorena (director) Gazette deed
Registered in the Peppol Directory Reachable for e-invoices through 0208:0727715081
Appointment: Aniti Marius lonut (director) General meeting of 04-11-2024 · Gazette deed
Registered office moved within Anderlecht Transfer of 40 shares from Aniti Lorena to Aniti Marius · New registered office: rue Edgar Tinel nr 2 boite 1 1070 Anderlecht · Previous registered office: rue Edgar Tinel nr 2 boite 4 1070 Anderlecht · Gazette deed
All 16 events

Comparable companies

same main activity, similar in size and age
Company
MATHY CONSTRUCT Anderlecht €68,171 €22,366 67.5% -
ISO BEL COMPANY Brussels €72,949 €21,733 61.4% -
MELYSSA Berchem-Sainte-Agathe €63,731 €22,023 40.4% -
ARI CONSTRUCT Brussels €75,632 €18,691 60.8% -
CORADI Koekelberg €76,441 €18,690 44.0% -
E&D BUILDING COMPANY Linkebeek €74,495 €20,563 63.8% -
D.H RENOVATION Zaventem €69,356 €25,977 84.9% -

These companies have the same main activity as MATHY CONSTRUCT: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €63,700 and €76,400, founded between 2018 and 2019.

Official details

Source: KBO
Status
Active since 03-06-2019Normal situation
Activity
Other specialised construction activitiesNACE 43990and 4 others
Joint committee
124Construction · annual accounts 2021
Establishment unit
2.289.675.5951070 Anderlecht, since 03-06-2019
Financial year end
31 December
Peppol
Reachable since 11-11-2025
Company details

Annual accounts 2025

€22,366▼ 9.0%
≈ €300,000estimated
€6,806▲ 105%
€46,049▲ 17.3%
€68,171▼ 28.9%
≈ 0 FTEestimated
Filing
Filed on 25-06-2026, 36 days before the end of the filing period
Financials

Insights on MATHY CONSTRUCT

MATHY CONSTRUCT files the micro format. That format states no turnover. The gross margin fell from €37,387 in 2020 to €22,366 in 2025.

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

Financials

Annual accounts 2025

micro format, filed on 25-06-2026, 36 days before the deadline
€22,366
▼ 9.0%
€7,813
▼ 9.8%
€19,943
▼ 17.2%
€18,936
▲ 0.9%
67.5%
▲ 26.6 percentage points
3.95
▲ 2.28

Money flows

no detail for 2025

Balance sheet

balance sheet total €68,171 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

67.5%

Higher than 73% of 35,119 companies in 2025.

3.95

Higher than 79% of 34,493 companies in 2025.

10.0%

Higher than 58% of 34,694 companies in 2025.

MATHY CONSTRUCT Middle half of the sector 80% of the sector Micro accounts in specialised construction (NACE 43)

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

Staff

Staff costs divided by the average number of full-time equivalents.

people who joined people who left

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202520242023202220212020
Balance sheet: assets
20/58 68,17195,914111,58894,61578,99373,158
21/28 4,11214,34629,78025,55230,07539,788
22/27 4,11214,34629,78025,55230,07539,788
23 1,526-04121,3542,296
24 2,58514,34629,78025,14128,72137,492
29/58 64,06081,56881,80869,06348,91933,370
40/41 27,67940,03362,63059,41728,00714,547
40 9,91315,83040,49939,35010,1123,989
41 17,76624,20322,13120,06817,89410,558
54/58 35,72940,94318,7269,35220,48718,161
490/1 652591452293425663
Balance sheet: equity and liabilities
10/49 68,17195,914111,58894,61578,99373,158
10/15 46,04939,24237,91824,92520,76023,997
10/11 2,0002,0004,0004,0004,0004,000
100 -----15,000
101 -----11,000
14 44,04937,24233,91820,92516,76019,997
17/49 22,12256,67173,67069,69058,23349,161
17 5,9217,80222,00511,97111,97127,020
170/4 5,9217,80222,00511,97111,97127,020
42/48 16,20148,86951,66557,71946,26222,141
43 2,5078,1662,9647,86715,7347,867
430/8 2,5078,1662,9647,86715,7347,867
44 9,92420,12828,12828,92311,1982,860
440/4 9,92420,12828,12828,92311,1982,860
45 3,77019,41419,94817,91819,33011,414
450/3 3,77011,57912,1138,43915,68911,414
454/9 07,8357,8359,4803,640-
47/48 01,1616263,011--
Income statement
70 -138,914136,044108,03384,18810,051
76A 4004,3487,5479,1949,3881,724
9900 22,36624,57954,69752,27548,03437,387
60/61 -118,68488,89364,95145,54264,387
62 88816722,26232,47335,840350
630 12,12915,43413,26111,1229,7135,358
640/8 1,5353151,099549621574
9901 7,8138,66218,0768,1311,86031,105
75/76B 3,29982,8961713
75 3,29982,8961713
65/66B 8982,078159165829263
65 8982,078159165829263
66B --0---
9903 10,2146,59220,8127,9661,03830,856
67/77 3,4083,2687,8193,8024,27510,859
9904 6,8063,32412,9934,165-3,23719,997
9905 6,8063,32412,9934,165-3,23719,997
Appropriation of the result
9906 44,04937,24233,91820,92516,76019,997
14P 37,24233,91820,92516,76019,997-
Social balance sheet
9087 --111-
Hours worked1013 --7261,1101,344-
Document PDFPDFPDFPDFPDFPDF

The notes to these accounts have 12 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 25-06-2026.

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 25-06-2026 2026-00196328 PDF
31-12-2024 micro format 30-09-2025 2025-00531455 PDF
31-12-2023 micro format 31-08-2024 2024-00456089 PDF
31-12-2022 micro format 31-08-2023 2023-00436338 PDF
31-12-2021 micro format 31-08-2022 2022-20411312 PDF
31-12-2020 micro format 28-10-2021 2021-75500030 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023202220212020
19,94324,09631,33619,25311,57336,463
18,93618,75826,25415,2876,47625,355
1,895022,2926,600045,146
-5,21522,2179,374-11,1352,326-
47,85832,69830,14311,3432,65611,229
-6.2%13.3%7.5%2.2%-
67.5%40.9%34.0%26.3%26.3%32.8%
3.951.671.581.201.061.51
0.481.441.942.802.812.05
14.8%8.5%34.3%16.7%-15.6%83.3%
10.0%3.5%11.6%4.4%-4.1%27.3%
22.2111.60over 100over 10013.97-
-42 days109 days133 days44 days145 days
-62 days115 days163 days90 days16 days

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.

Social balance sheet

Item31-12-202331-12-202231-12-2021
Employees at the balance-sheet date-11
part-time-11
in full-time equivalents-0.80.8
0.80.80.8
On a permanent contract-11
Joined--1
Left--0

Source: social balance sheet in the 2021 to 2023 annual accounts

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€1,895-€22,292€6,600-
Financial fixed assets€0----
€12,129€15,434€13,261€11,122€9,713

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on MATHY CONSTRUCT

The operating result for 2025 is 10% lower than in 2024 and the lowest since 2021. It is the second fall in a row.

Debt's share of the balance-sheet total falls from 59.1% to 32.5%. Equity is higher and debt is lower.

Board & ownership

Board

1 director, last change in February 2026
Aniţi Marius Ionut
Director
listed in the 2025 annual accounts, filed on 25-06-2026

Office holders in the KBO →

Mandates through the years

3 names, the dashed line is today
Aniţi Marius Ionut
Director
Aniti Lorena
Director
Aniti Marius lonut
Director
BoardEarliermandate already running before its first mentionend not dated
Mandates as a list
  • Aniţi Marius Ionut
    • Director, since before 31-12-2025
  • Aniti Lorena
    • Director, until 26-02-2026
  • Aniti Marius lonut
    • Director, appointed by deed of 18-11-2024, no longer listed in the 2025 annual accounts

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

Control

Shareholder
Aniti Lorena
This company
MATHY CONSTRUCT
Equity €46,049
Profit €6,806 in 2025

Capital

Contribution
€2,000
Source
2025 annual accounts

Shareholders

Stated in the deed deed of 24-05-2024 ↗
Share transfer deed of 24-05-2024 ↗
  • Aniti Lorena to Aniti Marius 40 shares · for no consideration
Share transfer deed of 12-03-2021 ↗

Network & group

No group

MATHY CONSTRUCT has no parent and no holdings in its annual accounts. Aniţi Marius Ionut is the only director. MATHY CONSTRUCT shares no director with another company.

At the same address

Edgar Tinelstraat 2, 1070 Anderlecht · 2 other companies
GRADIENT LABS
registered office since 21-05-2026
 founded in 2026
1038.216.041
Association des Copropriétaires à Anderlecht, rue Edgar Tinel 2 angle avenue Gounod
registered office since 13-12-2021
 founded in 2021
0779.636.708

Timeline

Timeline

16 events since 2019

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBmicro format · 36 days before the deadline
Resignation: Aniti Lorena (director)2 points ▸
  • Registered office clause, Rue Edgar Tinel 2/1, 1070 Anderlecht
  • Director resignation, Aniti Lorena
  • The deed holds 1 more point.

Open the deed in the Belgian Official Gazette

2025
Liquidity more than doubled current ratio 3.95 The current ratio rises from 1.67 to 3.95. Short-term debt falls from €48,869 to €16,201.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0727715081
Annual accounts 2024 filed PDFmicro format · 61 days late
2024
Appointment: Aniti Marius lonut (director)General meeting of 04-11-20242 points ▸

Open the deed in the Belgian Official Gazette

Annual accounts 2023 filed PDFmicro format · 31 days late
Registered office moved within AnderlechtTransfer of 40 shares from Aniti Lorena to Aniti Marius · New registered office: rue Edgar Tinel nr 2 boite 1 1070 Anderlecht · Previous registered office: rue Edgar Tinel nr 2 boite 4 1070 Anderlecht3 points ▸
  • Registered-office move, rue Edgar Tinel nr 2 boite 1 1070 Anderlecht
  • Share transfer, Aniti Lorena → Aniti Marius, 40 shares
  • Aniti Lorena holds 60 shares

Open the deed in the Belgian Official Gazette

2023
Annual accounts 2022 filed PDFmicro format · 31 days late
2022
Back to profit net €4,165 The net result is €4,165, after one loss-making year.
Annual accounts 2021 filed PDFmicro format · 31 days late
2021
Weakest financial year net -€3,237 The net result drops to -€3,237, the lowest from 2020 to 2025. It recovers the following year.
Annual accounts 2020 filed PDFmicro format · 89 days late
Transfer of 70 shares from Aniti Marius lorut to Aniti LorenaGeneral meeting of 19-02-20212 points ▸
  • General meeting, 19-02-2021
  • Share transfer, Aniti Marius lorut → Aniti Lorena, 70 shares
  • The deed holds 2 more points.

Open the deed in the Belgian Official Gazette

2019
Incorporation PDFpublished on 05-06-2019
First establishment Edgar Tinelstraat 2, Anderlecht

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 3 June 2019, MATHY CONSTRUCT was incorporated as a private limited company.1 In 2024 the registered office moved to Anderlecht.2 Aniţi Marius Ionut is director of the company according to the 2025 annual accounts.3 Turnover went from €10,051 in 2020 to €138,914 in 2024 and headcount from 1 full-time equivalents in 2021 to 1 in 2023.4

  1. 1KBO register
  2. 2Belgian Official Gazette, 24-05-2024
  3. 3National Bank, annual accounts 2025
  4. 4National Bank, annual accounts 2020, 2021, 2023 and 2024

Company details

Identity

Enterprise number
0727.715.081
VAT number
BE 0727.715.081
Peppol ID
0208:0727715081
Legal form
Private limited company
Status
Active, normal situation
Founded
03-06-2019
Financial year
ends on 31 December
Peppol
Reachable since 11-11-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
MATHY CONSTRUCT in French
Entity type
Legal entity
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Rue Edgar Tinel nr 2 bt 1 à 1070 Anderlecht”
deed of 24-05-2024 (in French)

Activities

NACEBEL 2025
43990 Other specialised construction activities main activity
43120 Site preparation
43230 Insulation installation
43350 Other building finishing work
81210 General cleaning of buildings
Joint committees annual accounts 2021
JC 124 Construction
Codes under NACEBEL 2008
43999 Specialised construction activities main activity
43120 Site preparation
43291 Specialised construction activities
43390 Specialised construction activities
81210 General cleaning of buildings

Registered office and establishments

1 establishment
Establishment Since Unit number
Edgar Tinelstraat 2 registered office 1070 Anderlecht 2511001 Manufacture of metal structures and parts of structures 03-06-2019 2.289.675.595

Buildings and parcels at the address

Ground area
251 m²
Buildings
125 m²
Volume, LiDAR
1,541 m³
Tallest building
14.9 m
Buildings to scale, each on its own parcel
125 m², 14.9 m 125 m², 14.9 m

Location

registered office establishment The establishment unit on the map
3 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
21308H0558/00X008251 m² 1 · 125 m² 14.9 m · 4

Invoicing and payment

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0727.715.081

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