MATHYSEN INDUSTRIE
ActiveMATHYSEN INDUSTRIE has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €134k and a net result of €61k. Equity is growing by ~22.1% per year across the filed fiscal years. Its solvency ranks better than 20% of 760 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
55
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability72▲+6
Solvency44▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 1.58 against 1.56 in 2023; short-term debt: 58% and cash: 2.3% of total assets), but 81.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 760 sector peers (2024).
NBB · sector comparisonPosition among 760 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-07-2025, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
22 d early
2023
30 d late
2022
136 d late
2021
114 d late
2020
27 d late
2019
140 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€61k▲ 54.1%
2023 · €39k
2018: €5k
2019: €19k
2020: €16k
2021: €15k
2022: €18k
2023: €39k
2018 → 2024
Working capital
€240k▲ 11.6%
2023 · €215k
2018: €119k
2019: €151k
2020: €170k
2021: €232k
2022: €231k
2023: €215k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€62k-€77k▲ 24.3%€95k▲ 23.6%€107k▲ 13.0%€134k▲ 24.8%
Operating result€29k-€30k▲ 3.7%€29k▼ 5.5%€63k▲ 120%€87k▲ 36.7%
Net result€16k-€15k▼ 9.0%€18k▲ 20.6%€39k▲ 117%€61k▲ 54.1%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 37% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €720k
Fixed assets
€62k▼ 25.7%
Current assets
€658k▲ 9.5%
Equity and liabilities €720k
Equity
€134k▲ 24.8%
Debt
€586k▲ 1.6%
The debt ratio falls from 84.3% to 81.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€115k▲
2023 · €91k
Cash flow
€89k▲
2023 · €67k
Solvency
18.6%▲
2023 · 15.7%
Current ratio
1.58▲
2023 · 1.56
Quick ratio
0.88▲
2023 · 0.86
Debt / equity
4.38▼
2023 · 5.39
ROE
45.3%▲
2023 · 36.7%
ROA
8.4%▲
2023 · 5.7%
Interest coverage
5.14▲
2023 · 4.77
Debt
€586k▲
2023 · €577k
Debt ≤ 1 year
€417k▲
2023 · €385k
Debt > 1 year
€165k▼
2023 · €192k
Income taxes
€7k▼
2023 · €14k
Staff costs
€234k▲
2023 · €200k
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€684k€720k▲
Fixed assets21/28€84k€62k▼
Intangible fixed assets21€700€21▼
Tangible fixed assets22/27€83k€62k▼
Land and buildings22€26k€21k▼
Plant, machinery and equipment23€9k€8k▼
Furniture and vehicles24€48k€33k▼
Current assets29/58€601k€658k▲
Stocks and contracts in progress3€269k€291k▲
Stocks30/36€269k€291k▲
Amounts receivable within one year40/41€304k€343k▲
Trade receivables40€225k€201k▼
Other amounts receivable41€79k€142k▲
Cash at bank and in hand54/58€19k€16k▼
Deferred charges and accrued income490/1€9k€7k▼
Equity and liabilities
Total equity and liabilities10/49€684k€720k▲
Equity10/15€107k€134k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€87k€113k▲
Amounts payable17/49€577k€586k▲
Amounts payable after more than one year17€192k€165k▼
Financial debts170/4€62k€35k▼
Other amounts payable178/9€130k€130k=
Amounts payable within one year42/48€385k€417k▲
Current portion of amounts payable after more than one year42€59k€44k▼
Financial debts43€40k€80k▲
Other loans439€40k€80k▲
Trade debts44€194k€160k▼
Suppliers440/4€189k€160k▼
Bills of exchange payable441€4k€0▼
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€31k€45k▲
Taxes450/3€17k€25k▲
Remuneration and social security454/9€14k€20k▲
Other amounts payable47/48€62k€88k▲
Accrued charges and deferred income492/3-€4k
Income statement
Code20232024
Non-recurring operating income76A€14k€24k▲
Remuneration, social security and pensions62€200k€234k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€29k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-27k€0▲
Other operating charges640/8€56k€22k▼
Non-recurring operating charges66A€222€0▼
Gross operating margin9900€321k€371k▲
Operating profit (loss)9901€63k€87k▲
Financial income75/76B€9k€3k▼
Recurring financial income75€9k€3k▼
Financial charges65/66B€19k€22k▲
Recurring financial charges65€19k€22k▲
Profit (loss) for the period before taxes9903€53k€68k▲
Income taxes67/77€14k€7k▼
Profit (loss) for the period9904€39k€61k▲
Profit (loss) for the period to be appropriated9905€39k€61k▲
Appropriation of the result
Profit (loss) to be appropriated9906€114k€147k▲
Profit (loss) brought forward from the previous period14P€74k€87k▲
Profit to be distributed694/7€27k€34k▲
Directors or managers695€27k€34k▲
Social balance
Average headcount (FTE)90875.25.1▼
The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €61k ▲54.1%
Operating result €87k, net result €61k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
31-12
Financial
Equity above €100kEq €107k ▲13%
6 profitable years in a row build equity to €107k.
14-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 136 days late
2022
22-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 114 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
18-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 140 days late
2019
25-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 86 days late
2018
14-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 106 days late
2017
19-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 50 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Mouscron · 1 establishment unit since 2014
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.
Schermutselingstraat 397700 MouscronGround area
2,558 m²
Building footprint
1,238 m²
Volume, LiDAR
8,001 m³
Parcel 54435G0678/00R000, Wallonia · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MATHYSEN INDUSTRIE
since 20142.229.638.931
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 54435G0678/00R000 | Wallonia | 2,558 m² | 1 · 1,238 m² | 8.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 908 companies in sector 25120 we hold annual accounts for 677. 515 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded16-04-2014
Fiscal year end31-12
Activities, NACEBEL
25120Manufacture of fabricated metal products, except machinery and equipment
46839Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.