Equity
€337,795 ▲ 11.7%
MATHYS EDWIN has made a profit in every financial year since 2011.
MATHYS EDWIN
Lifetime
15 annual accounts with figures on one time axispeak €207,773 (2019)
€116,114▼ 9.6%
peak €91,660 (2019)
€35,377▲ 43.3%
peak €337,795 (2025)
€337,795▲ 11.7%
€43,971▼ 50.6%
peak 1 FTE (2014)
-not published
Board2 names since 2010
1 directorMathijs Edwin
Documentsfilings and deeds
21-09-202652 days late
2025micro format
Result from €24,693 to €35,377Debts from €88,950 to €43,971Cash from €226,524 to €299,251
Key points
from the 2025 annual accountsInvestments
€25,844 1.6 × depreciation
Green is investment, beige is depreciation.
Staff
2 employees on 31-12-2025
In 2025, 1 person joined and nobody left.
Liquidity
7.64 was 3.99 in 2024
Short-term debts fell from €88,950 to €43,971.
Filings
15 annual accounts since 2011
Two of the last ten came late. The 2025 accounts came latest: 52 days after the end of the period.
Position in the sector
€337,795
More equity than 92% of companies in specialised construction. Sector median €57,703 · 35,137 companies.
Checked score
97
Excellent
Financially stronger than 76% of micro companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% 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).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%lowest value
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
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: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: 0.1%▲ +0.1 percentage points vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026highest value
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 52 days late; 1 of the last 3 accounts late
Sector: Specialised construction activities (NACE 43)
lowers risk
Liquidity: current ratio 7.64, cash €299,251
Equity €337,795 (88.5% 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 90% of them on solvency, 95% on liquidity, 60% on profitability and 58% 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, 34,693 companies had the same profile as MATHYS EDWIN has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of MATHYS EDWIN itself: 0.1% 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.
| 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 34,693 companies, not a prediction for MATHYS EDWIN. 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 €30,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 7.64 (3.99 in 2024), above the usual 1.5. Short-term debt is 11.5% and cash 78.4% of total assets. 11.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-09-2026, 52 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
52 days late
2024
9 days early
2023
2 days early
2022
on the day
2021
20 days early
2020
15 days early
2019
21 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 4 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 30 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0832429254
Change of role: MATHYS Edwin, from manager to director
Director discharge: MATHYS Edwin · General meeting of 18-11-2022 · Gazette deed
Incorporation
published on 06-01-2011 · Gazette deed
First establishment
Grote Kruisstraat 10, Herk-de-Stad
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MATHYS EDWIN Herk-de-Stad | €381,766 | €116,114 | 88.5% | - |
| Afwerkingsbedrijf Martens Maaseik | €376,406 | €97,039 | 24.2% | - |
| AFWERKINGSBEDRIJF GYPRO CONSTRUCT Maasmechelen | €385,764 | €107,024 | 37.5% | - |
| GYPROC & AFWERKING KOÇAK Lier | €340,332 | €108,853 | 49.8% | - |
| DTS CONSTRUCT Waterloo | €353,351 | €132,879 | 52.8% | - |
| High-End Interiors Lokeren | €396,686 | €135,563 | 64.2% | - |
| Bezettingswerken Verhoeven Mol | €406,869 | €110,730 | 86.6% | - |
These companies have the same main activity as MATHYS EDWIN: plastering work (NACE 43310). They are comparable in size and age: total assets between €340,000 and €407,000, founded between 2008 and 2011.
Official details
Source: KBO- Status
- Active since 04-01-2011Normal situation
- Activity
- Plastering workNACE 43310and 8 others
- Establishment unit
- 2.195.654.7823540 Herk-de-Stad, since 04-01-2011
- Financial year end
- 31 December
- Peppol
- Reachable since 22-01-2025
Annual accounts 2025
- ≈ €390,000estimated
- €381,766▼ 2.5%
- Employeeson 31-12-2025
- 2▲ 100%
- Filing
- Filed on 21-09-2026
Insights on MATHYS EDWIN
MATHYS EDWIN files the micro format. That format states no turnover. The gross margin rose from €73,583 in 2011 to €116,114 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MATHYS EDWIN
- What is the company number of MATHYS EDWIN?
- The company number of MATHYS EDWIN is 0832.429.254. The VAT number is the same number with BE in front: BE 0832.429.254.
- Where is MATHYS EDWIN based?
- The registered office is at Grote Kruisstraat 10, 3540 Herk-de-Stad.Company details
- What does MATHYS EDWIN do?
- According to the KBO register, the main activity is plastering work (NACE 43310).
- What is the legal form of MATHYS EDWIN?
- MATHYS EDWIN is a private limited company (BV).
- When was MATHYS EDWIN founded?
- MATHYS EDWIN was founded on 04-01-2011.
- Is MATHYS EDWIN still active?
- Yes, MATHYS EDWIN is an active enterprise in the KBO register.
- How many employees does MATHYS EDWIN have?
- MATHYS EDWIN had an average of 1.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of MATHYS EDWIN?
- The turnover in financial year 2025 is ≈ €390,000. This figure is estimated from the gross margin of €116,114 and 61 comparable companies (NACE 433). It probably lies between €270,000 and €580,000.
- Is MATHYS EDWIN profitable?
- In financial year 2025, MATHYS EDWIN made a profit of €35,377.
- Where can I find the annual accounts of MATHYS EDWIN?
- MATHYS EDWIN filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MATHYS EDWIN due?
- MATHYS EDWIN must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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