MATH
0474.616.941 · rovalta.com · 21/09/2026
ACTIVE
MATH
Financial year 2024 · closed on 31/12/2024
Net result
987,0 €
-87.3% YoY
Gross margin
46,7 k €
-42.8% YoY
Equity
181,2 k €
+0.5% YoY
Overview
What does MATH do?
MATH is a Private limited company incorporated in 2001. Its main activity is: Retail sale of information and communication equipment in specialised stores. Its registered office is in Anderlecht.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0474.616.941
Incorporation
13/04/2001
Legal form
Private limited company
Registered office
Chaussée de Mons 164
1070 Anderlecht · BruxellesSee on map
1070 Anderlecht · BruxellesSee on map
Contributed capital
18 592,00 €
Latest accounts
31/12/2024
Activities (NACE)
47400Retail sale of information and communication equipment in specialised stores· main47410Retail sale of computers, peripheral units and software in specialised stores47420Retail sale of telecommunications equipment in specialised stores64200Activities of holding companies47420Retail sale of telecommunications equipment in specialised stores49320Taxi operation+3
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowHealthy social debts
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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 | 46,7 k € | -42.8% | 81,7 k € | +13.1% | 72,3 k € | +12.1% | 64,5 k € | -26.2% | 87,3 k € | -4.5% | 91,4 k € | +68.6% | 54,2 k € | +80.5% | 30,0 k € | +10.7% | 27,1 k € | -0.2% | 27,2 k € | +6.5% | 25,5 k € | -9.3% | 28,2 k € | -24.2% | 37,1 k € | +55.8% | 23,8 k € | -28.6% | 33,4 k € | -18.8% | 41,1 k € | +4.1% | 39,5 k € | -32.9% | 58,8 k € | -6.9% | 63,1 k € |
| EBITDA | -17,4 k € | -227% | 13,6 k € | +182% | 4,8 k € | -79.2% | 23,2 k € | -65.4% | 67,0 k € | +65.1% | 40,6 k € | +676% | 5,2 k € | +317% | 1,3 k € | -80.8% | 6,5 k € | -12.5% | 7,4 k € | +57.3% | 4,7 k € | -72.1% | 16,9 k € | +4.4% | 16,2 k € | +34.4% | 12,1 k € | -39.2% | 19,9 k € | -10.2% | 22,1 k € | -10.6% | 24,7 k € | -12.3% | 28,2 k € | -13.4% | 32,6 k € |
| Operating result | -21,5 k € | -258% | 13,6 k € | +182% | 4,8 k € | -79.2% | 23,2 k € | -65.4% | 67,0 k € | +65.1% | 40,6 k € | +676% | 5,2 k € | +317% | 1,3 k € | -80.8% | 6,5 k € | -12.5% | 7,4 k € | +192% | 2,5 k € | -85.0% | 16,9 k € | +15.6% | 14,6 k € | +4576% | 313,0 € | -95.8% | 7,4 k € | -14.6% | 8,6 k € | -48.0% | 16,6 k € | -12.7% | 19,0 k € | -16.5% | 22,8 k € |
| Net result | 987,0 € | -87.3% | 7,8 k € | +74.6% | 4,5 k € | -80.8% | 23,2 k € | -72.2% | 83,5 k € | +107% | 40,3 k € | +441% | 7,4 k € | +683% | 951,0 € | -80.7% | 4,9 k € | -18.7% | 6,1 k € | +284% | -3,3 k € | -121% | 15,4 k € | +229% | 4,7 k € | +436% | 872,0 € | +59.1% | 548,0 € | -91.5% | 6,4 k € | +15.6% | 5,6 k € | -52.9% | 11,8 k € | -46.3% | 22,0 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||
| Equity | 181,2 k € | +0.5% | 180,2 k € | +4.5% | 172,4 k € | +2.7% | 168,0 k € | +16.0% | 144,8 k € | +31.0% | 110,5 k € | +13.2% | 97,7 k € | +8.2% | 90,2 k € | +1.1% | 89,3 k € | +5.8% | 84,4 k € | +7.7% | 78,3 k € | -16.3% | 93,6 k € | +19.7% | 78,2 k € | +4.7% | 74,7 k € | +1.2% | 73,8 k € | +0.7% | 73,3 k € | +9.6% | 66,8 k € | +9.1% | 61,3 k € | +23.9% | 49,4 k € |
| Total assets | 209,5 k € | +7.5% | 194,9 k € | +4.3% | 186,8 k € | -5.3% | 197,2 k € | -7.1% | 212,3 k € | +47.2% | 144,2 k € | +22.5% | 117,7 k € | +17.5% | 100,1 k € | +1.6% | 98,5 k € | -5.9% | 104,7 k € | -7.9% | 113,7 k € | -26.4% | 154,5 k € | +23.4% | 125,1 k € | -16.5% | 149,8 k € | +11.5% | 134,4 k € | +16.5% | 115,4 k € | +37.8% | 83,7 k € | -19.8% | 104,3 k € | +19.2% | 87,5 k € |
| Cash | 51,2 k € | -33.3% | 76,7 k € | -26.5% | 104,3 k € | +96.7% | 53,0 k € | -36.9% | 84,0 k € | +210% | 27,1 k € | +178% | 9,8 k € | +391% | 2,0 k € | -63.5% | 5,4 k € | -82.0% | 30,3 k € | +61.5% | 18,8 k € | +221% | 5,8 k € | +11.4% | 5,2 k € | +6714% | 77,0 € | -98.0% | 3,9 k € | -5.5% | 4,1 k € | +100% | 2,0 k € | -79.0% | 9,7 k € | +300% | 2,4 k € |
| Debts | 28,3 k € | +92.6% | 14,7 k € | +2.3% | 14,4 k € | -50.9% | 29,3 k € | -56.7% | 67,6 k € | +101% | 33,7 k € | +68.3% | 20,0 k € | +102% | 9,9 k € | +7.0% | 9,3 k € | -54.5% | 20,3 k € | -42.5% | 35,4 k € | -41.9% | 60,9 k € | +29.7% | 46,9 k € | -37.6% | 75,1 k € | +24.0% | 60,6 k € | +43.9% | 42,1 k € | +150% | 16,9 k € | -60.9% | 43,1 k € | +13.1% | 38,1 k € |
Estimate
Indicative valuation
As an indication, this company is worth
between 100 k€ and 250 k€
See the valuationAt this address
Other companies at this address
| Company | CBE no. |
|---|---|
L'Etendard● Active | 0454.208.141 |
PEPPERMINT● Active | 0444.192.692 |
SERGENT CASH● Active | 0442.158.266 |
Financials
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 | 14/07/2025 | 11/10/2024 | 01/09/2023 | 24/10/2022 | 17/11/2021 | 10/12/2020 |
| General meeting | 20/06/2025 | 20/06/2024 | 20/06/2023 | 20/06/2022 | 20/06/2021 | 20/06/2020 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
19 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 31/12/2024 | 20/06/2025 | 14/07/2025 | French | |
| Micro model | 31/12/2023 | 20/06/2024 | 11/10/2024 | French | |
| Micro model | 31/12/2022 | 20/06/2023 | 01/09/2023 | French | |
| Micro model | 31/12/2021 | 20/06/2022 | 24/10/2022 | French | |
| Abridged model | 31/12/2020 | 20/06/2021 | 17/11/2021 | French | |
| Abridged model | 31/12/2019 | 20/06/2020 | 10/12/2020 | French | |
| Abridged model | 31/12/2018 | 20/06/2019 | 30/08/2019 | French | |
| Abridged model | 31/12/2017 | 20/06/2018 | 24/09/2018 | French | |
| Abridged model | 31/12/2016 | 20/06/2017 | 20/07/2017 | French | |
| Abridged model | 31/12/2015 | 20/06/2016 | 14/07/2016 | French | |
| Abridged model | 31/12/2014 | 20/06/2015 | 31/08/2015 | French | |
| Abridged model | 31/12/2013 | 20/06/2014 | 02/09/2014 | French | |
| Abridged model | 31/12/2012 | 20/06/2013 | 05/02/2014 | French | |
| Abridged model | 31/12/2011 | 20/06/2012 | 30/08/2012 | French | |
| Abridged model | 31/12/2010 | 20/06/2011 | 31/08/2011 | French | |
| Abridged model | 31/12/2009 | 02/06/2010 | 30/08/2010 | French | |
| Abridged model | 31/12/2008 | 02/06/2009 | 19/08/2009 | French | |
| Abridged model | 31/12/2007 | 02/06/2008 | 22/07/2008 | French | |
| Abridged model | 31/12/2006 | 02/06/2007 | 30/11/2007 | French |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 100 k€ and 250 k€
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
Shareholders
Ownership and network
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Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2024Annual accounts 2024987,0 €↓
- 2023Annual accounts 20237,8 k €↑
- 2022Annual accounts 20224,5 k €↓
- 2021Annual accounts 202123,2 k €↓
- 2020Annual accounts 202083,5 k €↑
- 2019Annual accounts 201940,3 k €↑
- 2018Annual accounts 20187,4 k €↑
- 2017Annual accounts 2017951,0 €↓
- 2016Annual accounts 20164,9 k €↓
- 2015Annual accounts 20156,1 k €↑
- 2014Annual accounts 2014-3,3 k €↓
- 2013Annual accounts 201315,4 k €↑
- 2012Annual accounts 20124,7 k €↑
- 2011Annual accounts 2011872,0 €↑
- 2010Annual accounts 2010548,0 €↓
- 2009Annual accounts 20096,4 k €↑
- 2008Annual accounts 20085,6 k €↓
- 2007Annual accounts 200711,8 k €↓
- 2006Annual accounts 200622,0 k €
- 13/04/2001IncorporationPrivate limited company