NOMATH
ActiveSummary
NOMATH has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €15k and a net result of €-10k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 46% of 2284 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-52
Solvency61▼-23
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.38 against 2.15 in 2024; short-term debt: 64% and cash: 4.4% of total assets), and 64% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← 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 · 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 2025Solvency, return and age of the figures
Solvency
36%
Return on assets
-23.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
28 d late
2023
44 d late
2022
28 d late
2021
443 d late
2020
818 d late
2019
30 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€15k▼ 39.7%
2024 · €25k
2019: €-2k
2020: €-2k▼ -5.8% vs 2019lowest in 7 years
2021: €-2k● -0.0% vs 2020lowest in 7 years
2022: €-2k● -0.0% vs 2021lowest in 7 years
2023: €23k▲ +1034% vs 2022
2024: €25k▲ +10.6% vs 2023highest in 7 years
2025: €15k▼ -39.7% vs 2024
2019 → 2025
Total assets
€42k▼ 1.7%
2024 · €43k
2019: €5klowest in 7 years
2020: €5k● 0.0% vs 2019lowest in 7 years
2021: €5k● 0.0% vs 2020lowest in 7 years
2022: €5k● 0.0% vs 2021lowest in 7 years
2023: €39k▲ +682% vs 2022
2024: €43k▲ +10.2% vs 2023highest in 7 years
2025: €42k▼ -1.7% vs 2024
2019 → 2025
Net result
€-10k
2024 · €2k
2019: €-324
2020: €-133▲ +59.0% vs 2019
2023: €4khighest value
2024: €2k▼ -41.2% vs 2023
2025: €-10k▼ -514% vs 2024lowest value
2019 → 2025
Working capital
€10k▼ 49.1%
2024 · €20k
2019: €-7k
2020: €-7k▼ -1.9% vs 2019lowest in 7 years
2021: €-7k● -0.0% vs 2020lowest in 7 years
2022: €-7k● -0.0% vs 2021lowest in 7 years
2023: €18k▲ +347% vs 2022
2024: €20k▲ +13.5% vs 2023highest in 7 years
2025: €10k▼ -49.1% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-2k-€-2k=€23k€25k▲ 10.6%€15k▼ 39.7%
2021: €-2klowest in 5 years
2022: €-2k● -0.0% vs 2021lowest in 5 years
2023: €23k▲ +1034% vs 2022
2024: €25k▲ +10.6% vs 2023highest in 5 years
2025: €15k▼ -39.7% vs 2024
Operating result€6k€4k▼ 33.6%€-9k
2023: €6khighest in 3 years
2024: €4k▼ -33.6% vs 2023
2025: €-9k▼ -353% vs 2024lowest in 3 years
Net result€4k€2k▼ 41.2%€-10k
2023: €4khighest in 3 years
2024: €2k▼ -41.2% vs 2023
2025: €-10k▼ -514% vs 2024lowest in 3 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €9k after €4k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €42k
Fixed assets
€5k =
Current assets
€37k ▼ 2.0%
Equity and liabilities €42k
Equity
€15k ▼ 39.7%
Debt
€27k ▲ 52.1%
Debt's share of the balance-sheet total rises from 41.4% to 64.0%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
1.38▼
2024 · 2.15
Debt to equity
1.78▲
2024 · 0.71
ROE
-65.9%▼
2024 · 9.6%
ROA
-23.7%▼
2024 · 5.6%
Debt ≤ 1 year
€27k▲
2024 · €18k
Income taxes
€194▼
2024 · €1k
Staff costs
€0▼
2024 · €464
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines
Balance sheet
Code20242025
Assets
Total assets20/58€43k€42k▼
Fixed assets21/28€5k€5k=
Tangible fixed assets22/27€5k€5k=
Other tangible fixed assets26€5k€5k=
Current assets29/58€38k€37k▼
Amounts receivable within one year40/41€21k€34k▲
Trade receivables40€13k€31k▲
Other amounts receivable41€7k€3k▼
Cash at bank and in hand54/58€16k€2k▼
Deferred charges and accrued income490/1€1k€1k▼
Equity and liabilities
Total equity and liabilities10/49€43k€42k▼
Equity10/15€25k€15k▼
Contributions10/11€86k€86k=
Outside capital11€86k€86k=
Other1109/19€86k€86k=
Profit (loss) carried forward14€-61k€-71k▼
Amounts payable17/49€18k€27k▲
Amounts payable within one year42/48€18k€27k▲
Trade debts44€4k€11k▲
Suppliers440/4€4k€11k▲
Taxes, remuneration and social security45€6k€7k▲
Taxes450/3€6k€7k▲
Remuneration and social security454/9€0-
Other amounts payable47/48€8k€9k▲
Income statement
Code20242025
Remuneration, social security and pensions62€464€0▼
Other operating charges640/8€790€1k▲
Gross operating margin9900€5k€-8k▼
Operating profit (loss)9901€4k€-9k▼
Financial income75/76B€0€1▲
Recurring financial income75€0€1▲
Financial charges65/66B€143€423▲
Recurring financial charges65€143€423▲
Profit (loss) for the period before taxes9903€4k€-10k▼
Income taxes67/77€1k€194▼
Profit (loss) for the period9904€2k€-10k▼
Profit (loss) for the period to be appropriated9905€2k€-10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-61k€-71k▼
Profit (loss) brought forward from the previous period14P€-63k€-61k▲
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €333 | €464 | €0 | ▼ 100% |
| Other operating charges640/8 | - | - | €4k | €790 | €1k | ▲ 38.3% |
| Gross operating margin9900 | - | - | €10k | €5k | €-8k | ▼ 267% |
| Operating profit (loss)9901 | - | - | €6k | €4k | €-9k | ▼ 353% |
| Financial income75/76B | - | - | €0 | €0 | €1 | ▲ 1,150% |
| Recurring financial income75 | - | - | €0 | €0 | €1 | ▲ 1,150% |
| Financial charges65/66B | - | - | €252 | €143 | €423 | ▲ 197% |
| Recurring financial charges65 | - | - | €252 | €143 | €423 | ▲ 197% |
| Profit (loss) for the period before taxes9903 | - | - | €5k | €4k | €-10k | ▼ 375% |
| Income taxes67/77 | - | - | €1k | €1k | €194 | ▼ 83.1% |
| Profit (loss) for the period9904 | - | - | €4k | €2k | €-10k | ▼ 514% |
| Profit (loss) for the period to be appropriated9905 | - | - | €4k | €2k | €-10k | ▼ 514% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5k | €5k | €39k | €43k | €42k | ▼ 1.7% |
| Fixed assets21/28 | €5k | €5k | €5k | €5k | €5k | = |
| Tangible fixed assets22/27 | €5k | €5k | €5k | €5k | €5k | = |
| Other tangible fixed assets26 | €5k | €5k | €5k | €5k | €5k | = |
| Current assets29/58 | €161 | €161 | €34k | €38k | €37k | ▼ 2.0% |
| Amounts receivable within one year40/41 | - | - | €9k | €21k | €34k | ▲ 65.3% |
| Trade receivables40 | - | - | €9k | €13k | €31k | ▲ 132% |
| Other amounts receivable41 | - | - | €25 | €7k | €3k | ▼ 57.0% |
| Cash at bank and in hand54/58 | €161 | €161 | €25k | €16k | €2k | ▼ 88.3% |
| Deferred charges and accrued income490/1 | - | - | - | €1k | €1k | ▼ 9.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5k | €5k | €39k | €43k | €42k | ▼ 1.7% |
| Equity10/15 | €-2k | €-2k | €23k | €25k | €15k | ▼ 39.7% |
| Contributions10/11 | €65k | €65k | €86k | €86k | €86k | = |
| Capital10 | €65k | €65k | €0 | - | - | - |
| Issued capital100 | €65k | €65k | €0 | - | - | - |
| Outside capital11 | - | - | €86k | €86k | €86k | = |
| Other1109/19 | - | - | €86k | €86k | €86k | = |
| Profit (loss) carried forward14 | €-67k | €-67k | €-63k | €-61k | €-71k | ▼ 16.3% |
| Amounts payable17/49 | €7k | €7k | €16k | €18k | €27k | ▲ 52.1% |
| Amounts payable within one year42/48 | €7k | €7k | €16k | €18k | €27k | ▲ 52.1% |
| Trade debts44 | €2k | €2k | €2k | €4k | €11k | ▲ 150% |
| Suppliers440/4 | €2k | €2k | €2k | €4k | €11k | ▲ 150% |
| Taxes, remuneration and social security45 | - | - | €6k | €6k | €7k | ▲ 26.4% |
| Taxes450/3 | - | - | €5k | €6k | €7k | ▲ 26.4% |
| Remuneration and social security454/9 | - | - | €2k | €0 | - | - |
| Other amounts payable47/48 | €6k | €6k | €8k | €8k | €9k | ▲ 16.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | - | - | €4k | €2k | €-10k | ▼ 514% |
| Operating cash flow (approximation) | - | - | €4k | €2k | €-10k | ▼ 514% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €0 | €24k | €-9k | €-14k | ▼ 62.8% |
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
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-10k
Net result drops to €-10k, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
13-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 44 days late
2023
31-12
Financial
Highest result since 2019net €4k
Operating result €6k, net result €4k, both a record.
31-12
Financial
Liquidity times 97current ratio 2.11
Current ratio from 0.02 to 2.11.
27-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 818 days late
17-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 443 days late
2022
28-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2019
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 30 days late
2018
30-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2017
29-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2015
16-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Roeselare · 2 establishment units since 2007
Ground area
2,036 m²
Building footprint
310 m²
Volume, LiDAR
1,576 m³
2 parcels, Flanders · tallest building 12.9 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
NOMATH
since 20072.160.538.012
D'Armoe
since 20262.388.795.937
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36017A0659/00G000 | Flanders | 1,921 m² | 1 · 196 m² | 6.8 m · 1 fl. |
| 36504D1183/00C000 | Flanders | 114 m² | 1 · 114 m² | 12.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteRoeselare2.388.795.937
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Of 24,497 companies in sector 82990 we hold annual accounts for 9,406. 5,303 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded28-02-2007
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
55203Holiday cottages, homes and apartments
68203Renting and operating of own or leased non-residential real estate, excluding land
Scores and ratios are computed by Checked and are not a credit decision.