ACTIVE

MATHONET

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Financial year 2024 · closed on 31/12/2024

Net result

-120,3 k €

+25.1% YoY

Gross margin

74,1 k €

-40.1% YoY

Equity

-356,7 k €

-50.9% YoY

What does MATHONET do?

MATHONET is a Public limited company incorporated in 1992. Its registered office is in Malmedy.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0446.813.672

Incorporation

14/03/1992

Legal form

Public limited company

Registered office

Pont-Borgueuse Hé 1
4960 Malmedy · Wallonie

Contributed capital

699 378,81 €

Latest accounts

31/12/2024

Joint committees (4)

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	74,1 k €	-40.1%	123,6 k €	-21.7%	157,9 k €	+24.2%	127,1 k €	-82.2%	715,6 k €	+448%	130,6 k €	-47.2%	247,6 k €	+68.0%	147,4 k €	-52.9%	312,8 k €	-28.2%	435,4 k €	+11.0%	392,3 k €	+5.0%	373,7 k €	-14.8%	438,7 k €	+23.2%	355,9 k €	+7.5%	331 k €	-13.2%	381,5 k €	+5.6%	361,3 k €	+1.2%	357 k €	+44.0%	247,8 k €
EBITDA	-79,5 k €	+26.3%	-107,8 k €	-120%	-48,9 k €	+23.6%	-64 k €	-112%	516,5 k €	+1026%	-55,8 k €	-55.6%	-35,9 k €	+76.3%	-151,1 k €	-1372%	11,9 k €	-91.3%	136,8 k €	+48.4%	92,2 k €	+3668%	-2,6 k €	-102%	104,1 k €	+52.3%	68,4 k €	+23.6%	55,3 k €	-39.9%	92,1 k €	-6.5%	98,5 k €	+63.0%	60,5 k €	+216%	-52,1 k €
Operating result	-116,2 k €	+19.5%	-144,3 k €	-73.8%	-83,1 k €	+14.6%	-97,2 k €	-120%	491 k €	+534%	-113,1 k €	-16.0%	-97,5 k €	+54.9%	-216,4 k €	-168%	-80,8 k €	-205%	77,2 k €	+186%	27 k €	+139%	-68,5 k €	-270%	40,4 k €	+675%	5,2 k €	+231%	-4 k €	-118%	22,1 k €	-4.2%	23,1 k €	+201%	-23 k €	+82.5%	-131 k €
Net result	-120,3 k €	+25.1%	-160,5 k €	-95.4%	-82,1 k €	-73.3%	-47,4 k €	-110%	456,5 k €	+400%	-152,1 k €	-15.6%	-131,5 k €	+47.7%	-251,5 k €	-212%	-80,5 k €	-298%	40,7 k €	+820%	4,4 k €	+105%	-92 k €	-1193%	8,4 k €	+156%	-15,1 k €	+35.4%	-23,4 k €	-627%	-3,2 k €	-31.7%	-2,4 k €	+95.6%	-55,5 k €	+65.4%	-160,5 k €
Balance sheet
Equity	-356,7 k €	-50.9%	-236,4 k €	-212%	-75,9 k €	-1309%	6,3 k €	-88.3%	53,7 k €	-79.2%	257,9 k €	+381%	53,6 k €	-71.1%	185,1 k €	-57.6%	436,6 k €	-15.6%	517,1 k €	+8.6%	476,4 k €	+0.9%	472 k €	-16.3%	564 k €	+1.5%	555,6 k €	-2.6%	570,7 k €	+286%	-306,9 k €	-1.1%	-303,6 k €	-0.8%	-301,2 k €	-22.6%	-245,7 k €
Total assets	281,8 k €	-25.2%	376,6 k €	-5.5%	398,7 k €	-6.3%	425,5 k €	+11.9%	380,1 k €	-65.5%	1,1 M €	-8.3%	1,2 M €	-11.3%	1,4 M €	-8.8%	1,5 M €	+5.4%	1,4 M €	+3.8%	1,4 M €	-1.4%	1,4 M €	-6.1%	1,5 M €	+2.2%	1,4 M €	+11.7%	1,3 M €	+202%	425,6 k €	-5.5%	450,6 k €	-15.4%	532,5 k €	-18.0%	649,6 k €
Cash	9,7 k €	-50.4%	19,5 k €	-47.3%	37 k €	-5.8%	39,3 k €	+142%	16,3 k €	-49.8%	32,4 k €	+1987%	1,6 k €	+49.5%	1 k €	-81.9%	5,7 k €	-69.2%	18,7 k €	+51.6%	12,3 k €	-28.7%	17,3 k €	+99.4%	8,7 k €	-13.2%	10 k €	-17.5%	12,1 k €	+103%	6 k €	+944%	571,1 €	-82.2%	3,2 k €	-33.9%	4,9 k €
Debts	627,9 k €	+2.8%	610,6 k €	+29.0%	473,4 k €	+13.0%	419 k €	+28.5%	326,1 k €	-61.3%	843,7 k €	-26.5%	1,1 M €	-1.9%	1,2 M €	+11.5%	1 M €	+17.6%	891,7 k €	+1.3%	880,6 k €	-2.7%	904,9 k €	+0.3%	901,9 k €	+2.6%	878,9 k €	+23.1%	713,7 k €	-2.6%	732,4 k €	-2.9%	754,2 k €	-9.5%	833,7 k €	-6.9%	895,3 k €
Other
Workforce	–		–		–		–		6,5 ETP	-14.5%	7,6 ETP	-20.8%	9,6 ETP	-18.6%	11,8 ETP	+6.3%	11,1 ETP	-4.3%	11,6 ETP	+6.4%	10,9 ETP	0.0%	10,9 ETP	+2.8%	10,6 ETP	+8.2%	9,8 ETP	+3.2%	9,5 ETP	-5.0%	10,0 ETP	-2.9%	10,3 ETP	-2.8%	10,6 ETP	+1.0%	10,5 ETP

Governance

Board of directors

Seen on filing of 31/12/2024 · 4 active · 10 ended

Active mandates

Michel BODARWE

Director · since 29 août 2020

Active

Michel HORN

Chairman of the board of directors · since 29 août 2020

Active

Olivier MATHONET

Managing director · since 29 août 2020

Active

Vincent LEMAIRE

Director · since 29 août 2020

Active

Ended mandates

Frank MESTDAGH

Director · since 29 août 2020 · until 24 juin 2023

Ended

Frank MESTDAGH

Director · since 29 août 2020

Ended

Irma, Clara MATHONET - VEITHEN

Director · since 27 juin 2015 · until 26 juin 2021

Ended

Irma, Clara MATHONET - VEITHEN

Managing director · since 27 juin 2015 · until 26 juin 2021

Ended

At this address

Other companies at this address

Company	CBE no.
Gerard Gabriel Pont Ligneuville● Liquidation	0407.263.606

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Micro model	Micro model	Micro model	Micro model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	24/09/2025	12/07/2024	18/07/2023	25/07/2022	29/07/2021	06/07/2020
General meeting	08/09/2025	29/06/2024	24/06/2023	25/06/2022	26/06/2021	27/06/2020
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

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2024	08/09/2025	24/09/2025	French	PDF
Micro model	31/12/2023	29/06/2024	12/07/2024	French	PDF
Micro model	31/12/2022	24/06/2023	18/07/2023	French	PDF
Micro model	31/12/2021	25/06/2022	25/07/2022	French	PDF
Abridged model	31/12/2020	26/06/2021	29/07/2021	French	PDF
Abridged model	31/12/2019	27/06/2020	06/07/2020	French	PDF
Abridged model	31/12/2018	29/06/2019	08/07/2019	French	PDF
Abridged model	31/12/2017	30/06/2018	29/08/2018	French	PDF
Abridged model	31/12/2016	24/06/2017	05/07/2017	French	PDF
Abridged model	31/12/2015	25/06/2016	29/06/2016	French	PDF
Abridged model	31/12/2014	27/06/2015	01/07/2015	French	PDF
Abridged model	31/12/2013	28/06/2014	08/07/2014	French	PDF
Abridged model	31/12/2012	29/06/2013	01/07/2013	French	PDF
Abridged model	31/12/2011	30/06/2012	03/07/2012	French	PDF
Abridged model	31/12/2010	25/06/2011	05/07/2011	French	PDF
Abridged model	31/12/2009	26/06/2010	28/06/2010	French	PDF
Abridged model	31/12/2008	27/06/2009	14/08/2009	French	PDF
Abridged model	31/12/2007	28/06/2008	08/07/2008	French	PDF
Abridged model	31/12/2006	30/06/2007	09/07/2007	French	PDF

Estimate

Indicative valuation

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.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2024 · 4 active · 10 ended

Active mandates

Michel BODARWE

Director · since 29 août 2020

Active

Michel HORN

Chairman of the board of directors · since 29 août 2020

Active

Olivier MATHONET

Managing director · since 29 août 2020

Active

Vincent LEMAIRE

Director · since 29 août 2020

Active

Ended mandates

Frank MESTDAGH

Director · since 29 août 2020 · until 24 juin 2023

Ended

Frank MESTDAGH

Director · since 29 août 2020

Ended

Irma, Clara MATHONET - VEITHEN

Director · since 27 juin 2015 · until 26 juin 2021

Ended

Irma, Clara MATHONET - VEITHEN

Managing director · since 27 juin 2015 · until 26 juin 2021

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/02/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates18/09/2020
DENOMINATION - OBJET - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates17/06/2019
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates20/08/2015
DEMISSIONS, NOMINATIONS
PDF
Mandates18/04/2011
DEMISSIONS, NOMINATIONS
PDF
Capital / shares21/01/2011
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates15/09/2009
DEMISSIONS, NOMINATIONS
PDF
Mandates02/10/2003
DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2024
Annual accounts 2024-120,3 k €↑
2023
Annual accounts 2023-160,5 k €↓
2022
Annual accounts 2022-82,1 k €↓
2021
Annual accounts 2021-47,4 k €↓
2020
Annual accounts 2020456,5 k €↑
2019
Annual accounts 2019-152,1 k €↓
2018
Annual accounts 2018-131,5 k €↑
2017
Annual accounts 2017-251,5 k €↓
2016
Annual accounts 2016-80,5 k €↓
2015
Annual accounts 201540,7 k €↑
2014
Annual accounts 20144,4 k €↑
2013
Annual accounts 2013-92 k €↓
2012
Annual accounts 20128,4 k €↑
2011
Annual accounts 2011-15,1 k €↑
2010
Annual accounts 2010-23,4 k €↓
2009
Annual accounts 2009-3,2 k €↓
2008
Annual accounts 2008-2,4 k €↑
2007
Annual accounts 2007-55,5 k €↑
2006
Annual accounts 2006-160,5 k €
14/03/1992
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

MATHONET

Overview

What does MATHONET do?

Trend over 19 financial years

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline