MATHYS
InactiveMATHYS was declared bankrupt on 23-10-2023 (Ondernemingsrechtbank Gent, afdeling Dendermonde); the bankruptcy was closed for insufficient assets by judgment of 15-04-2024, published in the Belgian State Gazette on 23-04-2024.
Summary
Inactive; last annual accounts for fiscal year 2019.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2019. Since then, 6 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 7 filingsPosition against the passed deadline
31-12-2020 close31-07-2021 deadline26-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2019 was due by 31-07-2020 and was filed on 10-02-2021, 194 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
194 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its 2019 accounts 194 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2019, abbreviated schema
Equity
€129,282▲ 17.2%
2018 · €110,308
Total assets
€195,593▲ 34.9%
2018 · €144,974
Net result
€43,974▲ 24.8%
2018 · €35,242
Working capital
€118,733▲ 7.6%
2018 · €110,308
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019
Operating result€35,851-€43,878▲ 22.4%
Net result€35,242-€43,974▲ 24.8%
Equity€110,308-€129,282▲ 17.2%
Total assets€144,974-€195,593▲ 34.9%
Debt€34,666-€66,311▲ 91.3%
Working capital€110,308-€118,733▲ 7.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2019; 2019 is 22% above 2018.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €195,593
Fixed assets
€10,549
Current assets
€185,044
Equity and liabilities €195,593
Equity
€129,282 ▲ 17.2%
Debt
€66,311 ▲ 91.3%
Debt's share of the balance-sheet total rises from 23.9% to 33.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€49,153
Cash flow
€49,248
Current ratio
2.79▼
2018 · 4.18
ROE
34.0%▲
2018 · 31.9%
ROA
22.5%▼
2018 · 24.3%
Debt ≤ 1 year
€66,311▲
2018 · €34,666
Income taxes
€5,250▲
2018 · €4,209
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €5,275 | - |
| Gross operating margin9900 | €36,325 | €49,830 | ▲ 37.2% |
| Operating profit (loss)9901 | €35,851 | €43,878 | ▲ 22.4% |
| Recurring financial income75 | €3,954 | €5,625 | ▲ 42.3% |
| Recurring financial charges65 | €354 | €279 | ▼ 21.2% |
| Profit (loss) for the period before taxes9903 | €39,451 | €49,224 | ▲ 24.8% |
| Income taxes67/77 | €4,209 | €5,250 | ▲ 24.7% |
| Profit (loss) for the period9904 | €35,242 | €43,974 | ▲ 24.8% |
| Profit (loss) for the period to be appropriated9905 | €35,242 | €43,974 | ▲ 24.8% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €144,974 | €195,593 | ▲ 34.9% |
| Fixed assets21/28 | - | €10,549 | - |
| Tangible fixed assets22/27 | - | €10,549 | - |
| Current assets29/58 | €144,974 | €185,044 | ▲ 27.6% |
| Amounts receivable within one year40/41 | €140,211 | €176,783 | ▲ 26.1% |
| Current investments50/53 | - | €2,662 | - |
| Cash at bank and in hand54/58 | €810 | - | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €144,974 | €195,593 | ▲ 34.9% |
| Equity10/15 | €110,308 | €129,282 | ▲ 17.2% |
| Contributions10/11 | €2 | €2 | = |
| Reserves13 | €110,306 | €129,280 | ▲ 17.2% |
| Amounts payable17/49 | €34,666 | €66,311 | ▲ 91.3% |
| Amounts payable within one year42/48 | €34,666 | €66,311 | ▲ 91.3% |
| Trade debts44 | €3,854 | €25,103 | ▲ 551% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €35,242 | €43,974 | ▲ 24.8% |
| + Depreciation and write-downs630 | - | €5,275 | - |
| Operating cash flow (approximation) | €35,242 | €49,248 | ▲ 39.7% |
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
2024
23-04
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 15-04-2024
2023
27-10
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 23-10-2023
2021
10-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 194 days late
10-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 560 days late
2018
24-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 55 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
2016
19-12
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 141 days late
2015
28-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 28 days late
2014
30-09
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 61 days late
SignalNBB filing
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | JUUL CREYTENS LEOPOLDLAAN 15, 9200 DENDER-
MONDE |
23-10-2023 → 15-04-2024 |