MATHIMMO
MATHIMMO and the 30 companies it controls according to the LEI register and the annual accounts: the structure, the figures, each company's health and where the risk sits.
Sum of the filed annual accounts of 31 of the 31 Belgian companies (fiscal years 2024-2025). Not a consolidation: receivables, participations and sales between group companies are not eliminated, so they count.
Group risk
How healthy the group's Belgian companies are, and where the risk sits. A weak subsidiary can cost the parent money, and the other way round.
- The parent itself: MATHIMMO, fair (49/100).
- 13 companies with negative equity: TERO BRUSSELS (-€1.2m), ARBEAL (-€1.0m), KNOKKE OUT UNIVERSITY XL (-€827,258), Tero Catering (-€760,805), SPORTERO (-€735,976), Tero House Herbeumont (-€348,962) and 7 more.
- 20 companies with a loss in the latest year: KO IMMO (-€679,329), RECREATION & LEISURE (-€576,352), TERO BRUSSELS (-€465,987), SPORTERO (-€453,033), Tero Catering (-€381,764), KOLLINE (-€269,631) and 14 more.
- 46.0% of the added-up total assets sits in one company: MATHIMMO.
- 6.0% of the added-up total assets sits at companies with an elevated or high risk.
Group structure
Who consolidates whom according to the LEI register, completed with who holds more than half of the shares according to the annual accounts. Both mean control.
- MATHIMMO5 subsidiariesFair · 49€93.0m €22.1m 2025
- High risk · 15- - 2025
- KO IMMO8 subsidiariesFair · 57€21.8m €6.0m 2025
- Healthy · 71€2.1m €327,991 2025
- Elevated · 44€1.1m -€57,561 2025
- Healthy · 62€5.2m €747,380 2025
- Fair · 59€1.9m €544,512 2025
- Healthy · 65€108,786 €43,819 2025
- Fair · 55€1.1m €376,788 2025
- Elevated · 44€1.3m -€18,947 2025
- Elevated · 37€323,888 €42,725 2024
- Le Repos1 subsidiaryFair · 49€20.2m €6.3m 2025
- PORCELYNEGOED1 subsidiaryFair · 55€12.5m €2.0m 2025
- Healthy · 78€4.7m €4.5m 2025
- RLE INVEST13 subsidiariesHealthy · 64€23.0m €11.5m 2025
- High risk · 24€865,798 -€1.0m 2025
- High risk · 20€77,256 -€57,433 2025
- Elevated · 25€693,329 -€185,570 2025
- Fair · 48€509,048 -€827,258 2025
- Fair · 51€1.2m €21,047 2025
- Elevated · 33€1.2m -€7,039 2025
- PEOPLE FIRST MANAGEMENT2 subsidiariesElevated · 35€1.7m €42,412 2025
- Healthy · 81€203,853 €159,212 2025
- Elevated · 27€518,644 -€735,976 2025
- High risk · 17€2.2m -€244,426 2025
- High risk · 14€453,404 -€1.2m 2025
- High risk · 11€1.3m -€760,805 2025
- High risk · 19€611,768 -€348,962 2025
- Fair · 59€4,257 €4,257 2025
- Fair · 58€2.3m €385,921 2025
- Fair · 48€231,750 -€4,502 2024
High risk Elevated Healthy Fair No verdict Amounts: total assets and equity from the latest accounts.
Events in the group
Bankruptcies, director changes, capital changes and other publications of all Belgian group companies, over the last two years.
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4 directors appointed
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1 director appointed, 2 directors resigning
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Xavier Suin SRL resigns as director
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Xavier Suin SRL resigns as director
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Xavier Suin SRL resigns as director
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Xavier Suin SRL resigns as director
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Xavier Suin SRL appointed as managing director
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Where do these figures come from?
Completed with the annual accounts: a company of which another Belgian company holds more than half of the shares, by the list of holdings or the shareholder structure in its accounts, stands under that company, with the share. The register of ultimate beneficial owners (UBO) is not public.
The group's make-up comes from the LEI register (GLEIF): which company consolidates which other, directly or ultimately. A company whose link the register does not state is not listed here, even if it does belong to the group.
The amounts are those of the annual accounts each Belgian company filed with the National Bank, added up without consolidation. The verdict per company is that of its dossier on Checked.be. Everything is updated every night.
Updated on 27-09-2026