MATHIMMO
0433.608.905 · rovalta.com · 21/09/2026
ACTIVE
MATHIMMO
Financial year 2025 · closed on 31/12/2025
Net result
420,9 k €
+370.3% YoY
Revenue
684,5 k €
Equity
22,1 M €
+1.9% YoY
Workforce
2,2 ETP
+22.2% YoY
Overview
What does MATHIMMO do?
MATHIMMO is a Public limited company incorporated in 1988. Its main activity is: Activities of holding companies. Its registered office is in Waterloo. It employs on average 2,2 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0433.608.905
Incorporation
29/02/1988
Legal form
Public limited company
Registered office
Chaussée de Tervuren 389
1410 Waterloo · WallonieSee on map
1410 Waterloo · WallonieSee on map
Contributed capital
20 210 000,00 €
Latest accounts
31/12/2025
Average workforce
2,2 ETP
Activities (NACE)
Joint committees (2)
- 200
- 323
Signals
ProfitablePositive cashflowHealthy social debts
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Financials
Trend over 20 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||||
| Revenue | 684,5 k € | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 50,6 k € | +20.8% | 41,9 k € | -4.3% | 43,8 k € | |||||||||||||||||
| EBITDA | -397,7 k € | +57.6% | -938,8 k € | -9.5% | -857 k € | -165% | -323 k € | -158% | 559,1 k € | +279% | -313,2 k € | -4335% | -7,1 k € | -186% | 8,2 k € | -98.3% | 485,3 k € | -76.7% | 2,1 M € | +34677% | -6 k € | +79.1% | -28,8 k € | -61.1% | -17,9 k € | -189% | 20,1 k € | +12.6% | 17,9 k € | +237% | -13,1 k € | -166% | 19,8 k € | +85.9% | 10,7 k € | +122% | -48,6 k € | -361% | 18,6 k € |
| Operating result | -711,3 k € | +41.3% | -1,2 M € | -15.5% | -1 M € | -139% | -439,5 k € | -202% | 430,8 k € | +221% | -356,6 k € | -630% | -48,9 k € | -49.2% | -32,8 k € | -108% | 420,7 k € | -79.1% | 2 M € | +2683% | -78,1 k € | +21.8% | -99,8 k € | -20.3% | -82,9 k € | -84.8% | -44,9 k € | -5.1% | -42,7 k € | +4.8% | -44,9 k € | -1031% | -4 k € | +71.8% | -14,1 k € | +80.8% | -73,3 k € | -1093% | -6,1 k € |
| Net result | 420,9 k € | +370% | -155,7 k € | +60.1% | -390,1 k € | -2.3% | -381,2 k € | +73.5% | -1,4 M € | -547% | -222,1 k € | -137% | 604,3 k € | +71.1% | 353,3 k € | -63.8% | 975,3 k € | -28.5% | 1,4 M € | +2890% | -48,9 k € | +2.7% | -50,3 k € | -142% | 119,1 k € | +614% | -23,2 k € | -249% | 15,6 k € | -95.2% | 328,2 k € | +902% | -40,9 k € | -25.3% | -32,6 k € | -109% | 380,3 k € | +1169% | -35,6 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||||
| Equity | 22,1 M € | +1.9% | 21,7 M € | -0.7% | 21,9 M € | -1.8% | 22,3 M € | +239% | 6,6 M € | +1.0% | 6,5 M € | +40.6% | 4,6 M € | +15.0% | 4 M € | +13.5% | 3,5 M € | +38.0% | 2,6 M € | +114% | 1,2 M € | -3.9% | 1,3 M € | +13.6% | 1,1 M € | +12.1% | 982,4 k € | -2.3% | 1 M € | +1.6% | 990 k € | +49.6% | 661,8 k € | -5.8% | 702,7 k € | -4.4% | 735,3 k € | +107% | 355,1 k € |
| Total assets | 93 M € | +7.4% | 86,5 M € | +42.3% | 60,8 M € | +58.0% | 38,5 M € | +70.8% | 22,5 M € | +7.1% | 21 M € | +48.7% | 14,1 M € | +8.9% | 13 M € | +3.4% | 12,6 M € | +31.6% | 9,6 M € | +89.6% | 5 M € | +62.2% | 3,1 M € | +4.0% | 3 M € | +3.2% | 2,9 M € | +23.8% | 2,3 M € | +3.7% | 2,3 M € | +48.9% | 1,5 M € | -6.2% | 1,6 M € | -3.7% | 1,7 M € | +37.9% | 1,2 M € |
| Cash | 114,3 k € | -96.6% | 3,4 M € | +2935% | 110,8 k € | -96.2% | 2,9 M € | +463% | 517,4 k € | +7.4% | 481,5 k € | +87.5% | 256,7 k € | -6.6% | 275 k € | -25.7% | 370,2 k € | -12.9% | 425,2 k € | -83.7% | 2,6 M € | +302% | 648,1 k € | +38.9% | 466,6 k € | +28.2% | 364 k € | +5705% | 6,3 k € | -99.1% | 710,7 k € | +33.7% | 531,4 k € | +2337% | 21,8 k € | -49.6% | 43,2 k € | +1032% | 3,8 k € |
| Debts | 70,1 M € | +9.6% | 64 M € | +67.7% | 38,2 M € | +148% | 15,4 M € | +1.4% | 15,2 M € | +9.6% | 13,9 M € | +59.3% | 8,7 M € | +6.9% | 8,1 M € | +1.0% | 8,1 M € | +31.9% | 6,1 M € | +66.5% | 3,7 M € | +118% | 1,7 M € | -2.0% | 1,7 M € | -1.1% | 1,7 M € | +50.9% | 1,1 M € | +11.7% | 1 M € | +33.3% | 771,2 k € | -6.9% | 828,3 k € | -5.5% | 876,7 k € | +4.2% | 841,2 k € |
| Other | |||||||||||||||||||||||||||||||||||||||
| Workforce | 2,2 ETP | +22.2% | 1,8 ETP | 0.0% | 1,8 ETP | +12.5% | 1,6 ETP | +100% | 0,8 ETP | -60.0% | 2,0 ETP | – | – | – | – | – | 0,5 ETP | 0.0% | 0,5 ETP | 0.0% | 0,5 ETP | – | – | – | – | – | – | ||||||||||||
Estimate
Indicative valuation
As an indication, this company is worth
between 10 M€ and 25 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 6 active · 27 ended
Active mandates
Ended mandates
At this address
Other companies at this address
| Company | CBE no. |
|---|---|
ARLO● Active | 0549.871.917 |
Boucherie Magerotte● Active | 0791.390.237 |
CDM HORSES● Active | 1009.876.205 |
Céline Ghins● Active | 0804.871.752 |
DENILO GROUP● Active | 0715.462.793 |
Domaine Christiaens● Active | 0761.560.757 |
FALS● Active | 0424.336.891 |
FALS UNIT● Active | 1026.004.632 |
Ferme Marot● Active | 0780.456.060 |
Garisart sports et loisirs● Active | 1020.508.789 |
IMZ● Active | 0444.236.838 |
JLH Assets● Active | 1000.589.840 |
JLH Invest● Active | 0788.581.591 |
JL SQUARE● Active | 0728.815.042 |
KO IMMO● Active | 0749.880.373 |
KO INVEST● Active | 0835.355.981 |
KO KOTTAGE● Active | 0667.921.412 |
KOLLINE● Active | 0678.531.331 |
LAMSOUL● Active | 0432.848.741 |
LE BESTIN● Active | 0434.877.823 |
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Full model | Abridged model | Abridged model | Abridged model | Abridged model | Abridged model |
| Start of the financial year | 01/01/2025 | 01/01/2024 | 01/01/2023 | 01/01/2022 | 01/01/2021 | 01/01/2020 |
| Closing of the financial year | 31/12/2025 | 31/12/2024 | 31/12/2023 | 31/12/2022 | 31/12/2021 | 31/12/2020 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 24/07/2026 | 03/07/2025 | 13/08/2024 | 21/08/2023 | 19/08/2022 | 19/08/2021 |
| General meeting | 12/06/2026 | 13/06/2025 | 14/06/2024 | 09/06/2023 | 10/06/2022 | 11/06/2021 |
| Currency of the financial year | EUR | EUR | EUR | EUR | EUR | EUR |
| NBB quality label | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls |
Ratios
Financial ratios
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full model | 31/12/2025 | 12/06/2026 | 24/07/2026 | French | |
| Abridged model | 31/12/2024 | 13/06/2025 | 03/07/2025 | French | |
| Abridged model | 31/12/2023 | 14/06/2024 | 13/08/2024 | French | |
| Abridged model | 31/12/2022 | 09/06/2023 | 21/08/2023 | French | |
| Abridged model | 31/12/2021 | 10/06/2022 | 19/08/2022 | French | |
| Abridged model | 31/12/2020 | 11/06/2021 | 19/08/2021 | French | |
| Abridged model | 31/12/2019 | 27/11/2020 | 30/11/2020 | French | |
| Abridged model | 31/12/2018 | 30/06/2019 | 12/08/2019 | Dutch | |
| Abridged model | 31/12/2017 | 30/06/2018 | 31/08/2018 | Dutch | |
| Abridged model | 31/12/2016 | 09/06/2017 | 31/08/2017 | Dutch | |
| Abridged model | 31/12/2015 | 30/06/2016 | 24/08/2016 | Dutch | |
| Abridged model | 31/12/2014 | 30/06/2015 | 25/08/2015 | Dutch | |
| Abridged model | 31/12/2013 | 30/06/2014 | 29/08/2014 | Dutch | |
| Abridged model | 31/12/2012 | 07/06/2013 | 08/01/2014 | Dutch | |
| Abridged model | 31/12/2011 | 08/06/2012 | 02/07/2013 | Dutch | |
| Abridged model | 31/12/2010 | 10/06/2011 | 17/09/2012 | Dutch | |
| Abridged model | 31/12/2009 | 30/06/2010 | 24/09/2010 | Dutch | |
| Abridged model | 31/12/2008 | 29/06/2009 | 11/12/2009 | Dutch | |
| Abridged model | 31/12/2007 | 14/07/2008 | 05/11/2008 | Dutch | |
| Abridged model | 31/12/2006 | 28/06/2007 | 08/08/2007 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 10 M€ and 25 M€
The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 6 active · 27 ended
Active mandates
Ended mandates
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates18/07/2024SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
- Capital / shares09/03/2023OBJET - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
- Mandates12/01/2021CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
- Other23/10/2020DIVERSEN
- Mandates21/09/2020ONTSLAGEN - BENOEMINGEN
- Mandates02/07/2020DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
- Mandates07/04/2020MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
- Registered office30/01/2019MAATSCHAPPELIJKE ZETEL
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025420,9 k €↑
- 2024Annual accounts 2024-155,7 k €↑
- 2023Annual accounts 2023-390,1 k €↓
- 2022Annual accounts 2022-381,2 k €↑
- 15/12/2022augmentation_capital
- 15/12/2022apportNicolas LHOIST
- 15/12/2022apportArthur LHOIST
- 15/12/2022apportJérome LHOIST
- 2021Annual accounts 2021-1,4 M €↓
- 2020Annual accounts 2020-222,1 k €↓
- 2019Annual accounts 2019604,3 k €↑
- 2018Annual accounts 2018353,3 k €↓
- 2017Annual accounts 2017975,3 k €↓
- 2016Annual accounts 20161,4 M €↑
- 2015Annual accounts 2015-48,9 k €↑
- 2014Annual accounts 2014-50,3 k €↓
- 2013Annual accounts 2013119,1 k €↑
- 2012Annual accounts 2012-23,2 k €↓
- 2011Annual accounts 201115,6 k €↓
- 2010Annual accounts 2010328,2 k €↑
- 2009Annual accounts 2009-40,9 k €↓
- 2008Annual accounts 2008-32,6 k €↓
- 2007Annual accounts 2007380,3 k €↑
- 2006Annual accounts 2006-35,6 k €
- 29/02/1988IncorporationPublic limited company