MATHY - SALMON

Active

Private limited companyfounded 20215 yrs activeRue du Président 51, 5000 Namur, BelgiumKBO/BCE: BE 0765.641.883

MATHY - SALMON has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €6k and a net result of €5k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 29% of 3941 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).

Watch Print / PDF

Checked score

Score 2024

59 / 100

Fair

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability83=

Solvency37▲+11

Growth78▲+20

Track record94

Bankruptcy probability, 12 months

0.9% Low

0%0.5%1.5%4%10%≥ 25%

No publishable credit limit; credit only on tighter terms

Liquidity short (current ratio 0.67 against 0.25 in 2023; short-term debt: 48.3% and cash: 21.4% of total assets), and 87.9% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 01

Relative position

BE, all sectors

reference

Sector 01

lower

← fewer bankruptcies more bankruptcies →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

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 2024

Solvency, return and age of the figures

Solvency

12.1%

Return on assets

11%

Age of the figures

21 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-11-2025, 102 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 4 filings

Deviation from the deadline

2025

not confirmed

2024

102 d late

2023

31 d late

2022

38 d late

2021

27 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€6k▲ 994%

2023 · €512

2021: €545 2022: €-3k 2023: €512

2021 → 2024

Total assets

€46k▲ 31.4%

2023 · €35k

2021: €19k 2022: €17k 2023: €35k

2021 → 2024

Net result

€5k▲ 31.7%

2023 · €4k

2021: €-9k 2022: €-4k 2023: €4k

2021 → 2024

Working capital

€-7k▲ 61.5%

2023 · €-19k

2021: €-7k 2022: €-13k 2023: €-19k

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Equity€545-€-3k€512€6k▲ 994%

Operating result€-9k-€-4k▲ 60.4%€4k€9k▲ 112%

Net result€-9k-€-4k▲ 58.7%€4k€5k▲ 31.7%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has risen three years in a row; 2024 is 112% above 2023 and is the highest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €46k

67.5%

32.5%

Fixed assets €31k▲ 8.1%

Current assets €15k▲ 138%

Equity and liabilities €46k

12.1%

87.9%

Equity €6k▲ 994%

Debt €41k▲ 17.1%

The debt ratio falls from 98.5% to 87.9%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€18k▲

2023 · €11k

Cash flow

€14k▲

2023 · €10k

Solvency

12.1%▲

2023 · 1.5%

Current ratio

0.67▲

2023 · 0.25

Quick ratio

0.67▲

2023 · 0.25

Debt / equity

7.23

ROE

90.9%

ROA

11.0%▲

2023 · 11.0%

Interest coverage

9.95▼

2023 · 20.83

Debt

€41k▲

2023 · €35k

Debt ≤ 1 year

€22k▼

2023 · €25k

Debt > 1 year

€18k▲

2023 · €9k

Income taxes

€2k

Staff costs

€29k▲

2023 · €5k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€35k€46k▲

Fixed assets21/28€29k€31k▲

Tangible fixed assets22/27€29k€31k▲

Plant, machinery and equipment23€6k€11k▲

Furniture and vehicles24€17k€15k▼

Other tangible fixed assets26€6k€5k▼

Current assets29/58€6k€15k▲

Amounts receivable within one year40/41€2k-

Trade receivables40€2k-

Cash at bank and in hand54/58€4k€10k▲

Deferred charges and accrued income490/1-€5k

Equity and liabilities

Total equity and liabilities10/49€35k€46k▲

Equity10/15€512€6k▲

Contributions10/11€10k€10k=

Profit (loss) carried forward14€-9k€-4k▲

Amounts payable17/49€35k€41k▲

Amounts payable after more than one year17€9k€18k▲

Financial debts170/4€9k€18k▲

Amounts payable within one year42/48€25k€22k▼

Current portion of amounts payable after more than one year42€4k€8k▲

Trade debts44€527€326▼

Suppliers440/4€527€326▼

Taxes, remuneration and social security45€4k€12k▲

Taxes450/3€3k€8k▲

Remuneration and social security454/9€831€4k▲

Other amounts payable47/48€17k€2k▼

Income statement Code20232024

Remuneration, social security and pensions62€5k€29k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€9k▲

Other operating charges640/8€3k€6k▲

Gross operating margin9900€19k€54k▲

Operating profit (loss)9901€4k€9k▲

Financial income75/76B€1€50▲

Recurring financial income75€1€50▲

Financial charges65/66B€508€2k▲

Recurring financial charges65€508€2k▲

Profit (loss) for the period before taxes9903€4k€7k▲

Income taxes67/77-€2k

Profit (loss) for the period9904€4k€5k▲

Profit (loss) for the period to be appropriated9905€4k€5k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-9k€-4k▲

Profit (loss) brought forward from the previous period14P€-13k€-9k▲

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 6Financial 2Filings 4

2025

10-11

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 102 days late

2024

31-12

Financial Highest result since 2021net €5k ▲31.7%

Operating result €9k, net result €5k, both a record.

31-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 31 days late

2023

31-12

Financial Back to profitnet €4k

Net result €4k after 2 loss-making years.

07-09

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 38 days late

2022

27-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 27 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

5 acts for this company are 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, Namur · 3 establishment units since 2021

establishment All 3 establishment units on the map

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.

Rue du Président 515000 Namur

Ground area

574 m²

Building footprint

659 m²

Volume, LiDAR

11,650 m³

3 parcels, Wallonia · tallest building 21.0 m, ±7 floors. Linked by address, not a title deed.

3 establishment units

Chez Maurice

Place Maurice Servais 10, 5000 NamurGrowing of pome and stone fruits

since 20212.316.200.642

Chez Maurice

Place Maurice Servais 12, 5000 NamurOther business support services

since 20252.368.158.988

Chez Pippo

Rue des Fossés Fleuris 38, 5000 NamurFull-service restaurants

since 20252.381.447.988

3 parcels

Wallonia 3 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
92094C0945/00C000	Wallonia	253 m²	1 · 115 m²	13.3 m · 4 fl.
92094C0811/00H000	Wallonia	243 m²	1 · 486 m²	21.0 m · 7 fl.
92094C0961/00_000	Wallonia	78 m²	1 · 58 m²	18.6 m · 6 fl.