PASCAL MATHY
ActiveSummary
PASCAL MATHY has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €464k and a net result of €67k. Equity is growing by ~28.1% per year across the filed fiscal years. Its solvency ranks better than 45% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▼-4
Solvency68▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 2.14 against 2.32 in 2024; short-term debt: 16.7% and cash: 9.5% of total assets), but 57.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
42.8%
Return on assets
6.2%
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 29-08-2026, 29 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
29 d late
2024
31 d late
2023
31 d late
2022
108 d late
2021
31 d late
2020
28 d late
2019
28 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, micro schema
Equity
€464k▼ 0.7%
2024 · €467k
2018: €97klowest in 8 years
2019: €134k▲ +37.3% vs 2018
2020: €155k▲ +15.5% vs 2019
2021: €186k▲ +20.1% vs 2020
2022: €286k▲ +54.2% vs 2021
2023: €395k▲ +37.9% vs 2022
2024: €467k▲ +18.4% vs 2023highest in 8 years
2025: €464k▼ -0.7% vs 2024
2018 → 2025
Total assets
€1.08M▼ 6.2%
2024 · €1.16M
2018: €284klowest in 8 years
2019: €341k▲ +20.0% vs 2018
2020: €661k▲ +93.9% vs 2019
2021: €652k▼ -1.3% vs 2020
2022: €747k▲ +14.6% vs 2021
2023: €863k▲ +15.4% vs 2022
2024: €1.16M▲ +34.0% vs 2023highest in 8 years
2025: €1.08M▼ -6.2% vs 2024
2018 → 2025
Net result
€67k▼ 40.3%
2024 · €113k
2018: €31klowest in 8 years
2019: €51k▲ +65.2% vs 2018
2020: €42k▼ -16.8% vs 2019
2021: €31k▼ -26.3% vs 2020
2022: €101k▲ +224% vs 2021
2023: €108k▲ +7.7% vs 2022
2024: €113k▲ +4.0% vs 2023highest in 8 years
2025: €67k▼ -40.3% vs 2024
2018 → 2025
Working capital
€206k▼ 20.0%
2024 · €257k
2018: €71klowest in 8 years
2019: €103k▲ +44.8% vs 2018
2020: €98k▼ -4.7% vs 2019
2021: €104k▲ +5.7% vs 2020
2022: €188k▲ +81.1% vs 2021
2023: €273k▲ +45.4% vs 2022highest in 8 years
2024: €257k▼ -6.0% vs 2023
2025: €206k▼ -20.0% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€186k-€286k▲ 54.2%€395k▲ 37.9%€467k▲ 18.4%€464k▼ 0.7%
2021: €186klowest in 5 years
2022: €286k▲ +54.2% vs 2021
2023: €395k▲ +37.9% vs 2022
2024: €467k▲ +18.4% vs 2023highest in 5 years
2025: €464k▼ -0.7% vs 2024
Operating result€48k-€149k▲ 211%€158k▲ 6.3%€162k▲ 2.6%€101k▼ 37.9%
2021: €48klowest in 5 years
2022: €149k▲ +211% vs 2021
2023: €158k▲ +6.3% vs 2022
2024: €162k▲ +2.6% vs 2023highest in 5 years
2025: €101k▼ -37.9% vs 2024
Net result€31k-€101k▲ 224%€108k▲ 7.7%€113k▲ 4.0%€67k▼ 40.3%
2021: €31klowest in 5 years
2022: €101k▲ +224% vs 2021
2023: €108k▲ +7.7% vs 2022
2024: €113k▲ +4.0% vs 2023highest in 5 years
2025: €67k▼ -40.3% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 38% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.08M
Fixed assets
€698k ▼ 0.9%
Current assets
€386k ▼ 14.5%
Equity and liabilities €1.08M
Equity
€464k ▼ 0.7%
Debt
€620k ▼ 9.9%
Debt's share of the balance-sheet total falls from 59.6% to 57.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€165k▼
2024 · €206k
Cash flow
€131k▼
2024 · €156k
Current ratio
2.14▼
2024 · 2.32
Quick ratio
1.82▼
2024 · 2.05
Debt to equity
1.34▼
2024 · 1.47
ROE
14.5%▼
2024 · 24.1%
ROA
6.2%▼
2024 · 9.7%
Interest coverage
8.86▼
2024 · 13.85
Debt ≤ 1 year
€181k▼
2024 · €195k
Debt > 1 year
€439k▼
2024 · €494k
Income taxes
€17k▼
2024 · €41k
Staff costs
€145k▲
2024 · €60k
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 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.16M€1.08M▼
Fixed assets21/28€704k€698k▼
Tangible fixed assets22/27€704k€698k▼
Land and buildings22€630k€584k▼
Plant, machinery and equipment23€35k€62k▲
Furniture and vehicles24€37k€49k▲
Other tangible fixed assets26€3k€2k▼
Financial fixed assets28€25€25=
Current assets29/58€452k€386k▼
Stocks and contracts in progress3€51k€58k▲
Stocks30/36€51k€58k▲
Amounts receivable within one year40/41€269k€206k▼
Trade receivables40€223k€182k▼
Other amounts receivable41€46k€25k▼
Cash at bank and in hand54/58€123k€103k▼
Deferred charges and accrued income490/1€9k€19k▲
Equity and liabilities
Total equity and liabilities10/49€1.16M€1.08M▼
Equity10/15€467k€464k▼
Contributions10/11€19k€19k=
Reserves13€335k€335k=
Distributable reserves133€335k€335k=
Profit (loss) carried forward14€113k€110k▼
Amounts payable17/49€689k€620k▼
Amounts payable after more than one year17€494k€439k▼
Financial debts170/4€494k€439k▼
Amounts payable within one year42/48€195k€181k▼
Current portion of amounts payable after more than one year42€64k€65k▲
Trade debts44€69k€17k▼
Suppliers440/4€69k€17k▼
Taxes, remuneration and social security45€22k€24k▲
Taxes450/3€17k€9k▼
Remuneration and social security454/9€4k€15k▲
Other amounts payable47/48€40k€75k▲
Income statement
Code20242025
Non-recurring operating income76A€1k-
Remuneration, social security and pensions62€60k€145k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€44k€64k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€2k-
Other operating charges640/8€11k€12k▲
Non-recurring operating charges66A-€20k
Gross operating margin9900€277k€342k▲
Operating profit (loss)9901€162k€101k▼
Financial income75/76B€7k€3k▼
Recurring financial income75€7k€3k▼
Financial charges65/66B€15k€19k▲
Recurring financial charges65€15k€19k▲
Profit (loss) for the period before taxes9903€154k€85k▼
Income taxes67/77€41k€17k▼
Profit (loss) for the period9904€113k€67k▼
Profit (loss) for the period to be appropriated9905€113k€67k▼
Appropriation of the result
Profit (loss) to be appropriated9906€226k€181k▼
Profit (loss) brought forward from the previous period14P€113k€113k=
Transfer to equity691/2€73k-
To other reserves6921€73k-
Profit to be distributed694/7€40k€71k▲
Return on contributions (dividend)694€40k€71k▲
The notes to these accounts (9 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €1k | - | - |
| Remuneration, social security and pensions62 | €78k | €89k | €61k | €60k | €145k | ▲ 143% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €30k | €27k | €31k | €44k | €64k | ▲ 47.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €4k | - | €2k | - | - |
| Other operating charges640/8 | €4k | €4k | €14k | €11k | €12k | ▲ 18.2% |
| Non-recurring operating charges66A | - | - | - | - | €20k | - |
| Gross operating margin9900 | €160k | €273k | €265k | €277k | €342k | ▲ 23.4% |
| Operating profit (loss)9901 | €48k | €149k | €158k | €162k | €101k | ▼ 37.9% |
| Financial income75/76B | €2k | €264 | €4k | €7k | €3k | ▼ 57.6% |
| Recurring financial income75 | €2k | €264 | €4k | €7k | €3k | ▼ 57.6% |
| Financial charges65/66B | €8k | €7k | €8k | €15k | €19k | ▲ 25.2% |
| Recurring financial charges65 | €8k | €7k | €8k | €15k | €19k | ▲ 25.2% |
| Profit (loss) for the period before taxes9903 | €42k | €142k | €155k | €154k | €85k | ▼ 44.9% |
| Income taxes67/77 | €11k | €41k | €46k | €41k | €17k | ▼ 57.4% |
| Profit (loss) for the period9904 | €31k | €101k | €108k | €113k | €67k | ▼ 40.3% |
| Profit (loss) for the period to be appropriated9905 | €31k | €101k | €108k | €113k | €67k | ▼ 40.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €652k | €747k | €863k | €1.16M | €1.08M | ▼ 6.2% |
| Fixed assets21/28 | €431k | €411k | €435k | €704k | €698k | ▼ 0.9% |
| Tangible fixed assets22/27 | €431k | €411k | €435k | €704k | €698k | ▼ 0.9% |
| Land and buildings22 | €379k | €365k | €351k | €630k | €584k | ▼ 7.3% |
| Plant, machinery and equipment23 | €39k | €37k | €36k | €35k | €62k | ▲ 80.7% |
| Furniture and vehicles24 | €13k | €9k | €48k | €37k | €49k | ▲ 33.0% |
| Other tangible fixed assets26 | - | - | - | €3k | €2k | ▼ 21.3% |
| Financial fixed assets28 | €25 | €25 | €25 | €25 | €25 | = |
| Current assets29/58 | €221k | €336k | €428k | €452k | €386k | ▼ 14.5% |
| Stocks and contracts in progress3 | €22k | €28k | €45k | €51k | €58k | ▲ 13.2% |
| Stocks30/36 | €22k | €28k | €45k | €51k | €58k | ▲ 13.2% |
| Amounts receivable within one year40/41 | €133k | €209k | €284k | €269k | €206k | ▼ 23.4% |
| Trade receivables40 | €95k | €176k | €254k | €223k | €182k | ▼ 18.5% |
| Other amounts receivable41 | €38k | €33k | €30k | €46k | €25k | ▼ 46.8% |
| Cash at bank and in hand54/58 | €61k | €96k | €89k | €123k | €103k | ▼ 16.0% |
| Deferred charges and accrued income490/1 | €5k | €3k | €10k | €9k | €19k | ▲ 117% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €652k | €747k | €863k | €1.16M | €1.08M | ▼ 6.2% |
| Equity10/15 | €186k | €286k | €395k | €467k | €464k | ▼ 0.7% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €54k | €154k | €263k | €335k | €335k | = |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €52k | €152k | €263k | €335k | €335k | = |
| Profit (loss) carried forward14 | €113k | €113k | €113k | €113k | €110k | ▼ 3.0% |
| Amounts payable17/49 | €467k | €461k | €468k | €689k | €620k | ▼ 9.9% |
| Amounts payable after more than one year17 | €348k | €313k | €313k | €494k | €439k | ▼ 11.0% |
| Financial debts170/4 | €348k | €313k | €313k | €494k | €439k | ▼ 11.0% |
| Amounts payable within one year42/48 | €117k | €148k | €155k | €195k | €181k | ▼ 7.4% |
| Current portion of amounts payable after more than one year42 | €51k | €54k | €55k | €64k | €65k | ▲ 0.4% |
| Trade debts44 | €50k | €72k | €62k | €69k | €17k | ▼ 75.1% |
| Suppliers440/4 | €50k | €72k | €62k | €69k | €17k | ▼ 75.1% |
| Taxes, remuneration and social security45 | €15k | €22k | €37k | €22k | €24k | ▲ 12.0% |
| Taxes450/3 | €6k | €16k | €21k | €17k | €9k | ▼ 44.5% |
| Remuneration and social security454/9 | €9k | €6k | €16k | €4k | €15k | ▲ 227% |
| Other amounts payable47/48 | €816 | - | - | €40k | €75k | ▲ 86.6% |
| Accrued charges and deferred income492/3 | €900 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €31k | €101k | €108k | €113k | €67k | ▼ 40.3% |
| + Depreciation and write-downs630 | €30k | €27k | €31k | €44k | €64k | ▲ 47.6% |
| Operating cash flow (approximation) | €61k | €128k | €140k | €156k | €131k | ▼ 15.8% |
| Investment in fixed assets (approximation) | - | €-7k | €-55k | €-313k | €-58k | ▲ 81.4% |
| Change in cash | - | €35k | €-7k | €33k | €-20k | ▼ 159% |
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
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 29 days late
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Highest result since 2018net €113k ▲4%
Operating result €162k, net result €113k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
16-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 108 days late
2022
31-12
Financial
Equity above €200kEq €286k ▲54.2%
5 profitable years in a row build equity to €286k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
28-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 28 days late
2020
31-12
Financial
Equity above €150kEq €155k ▲15.5%
3 profitable years in a row build equity to €155k.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
31-12
Financial
Equity above €100kEq €134k ▲37.3%
2 profitable years in a row build equity to €134k.
18-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 18 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
08-01
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 161 days late
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, Jemeppe-sur-Sambre · 1 establishment unit since 2015
Ground area
1,822 m²
Building footprint
288 m²
Volume, LiDAR
673 m³
2 parcels, Wallonia · tallest building 4.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
SPRL PASCAL MATHY
since 20152.243.158.058
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92007A0530/00B000 | Wallonia | 1,032 m² | 1 · 179 m² | 4.3 m · 1 fl. |
| 92090B0024/00C009 | Wallonia | 790 m² | 1 · 109 m² | - |
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
Legal Entity Identifier
984500EDB6A50C55F236
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Of 9,528 companies in sector 43222 we hold annual accounts for 5,663. 4,108 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded25-06-2015
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
43221Plumbing work
47521Retail sale of hardware, building materials, paint and glass (general range)
Contact
E-mail
contact@pascal-mathy.be
Scores and ratios are computed by Checked and are not a credit decision.