MATHECO
0475.464.306 · rovalta.com · 23/09/2026
ACTIVE
MATHECO
Financial year 2025 · closed on 31/12/2025
Net result
16,7 k €
+3592.3% YoY
Gross margin
2,1 M €
+42.4% YoY
Equity
485,7 k €
+3.6% YoY
Workforce
23,3 ETP
+28.7% YoY
Overview
What does MATHECO do?
MATHECO is a Private limited company incorporated in 2001. Its registered office is in Wetteren. It employs on average 23,3 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0475.464.306
Incorporation
13/08/2001
Legal form
Private limited company
Registered office
Kwatrechtsteenweg 144 C
9230 Wetteren · FlandreSee on map
9230 Wetteren · FlandreSee on map
Contributed capital
161 250,00 €
Latest accounts
31/12/2025
Average workforce
23,3 ETP
Joint committees (5)
- 149
- 14901
- 200
- 2000
- 218
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debts
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Financials
Trend over 19 financial years
| 2025 | 2024 | 2023 | 2023 | 2022 | 2021 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||
| Gross margin | 2,1 M € | +42.4% | 1,5 M € | +63.8% | 918,6 k € | -15.1% | 1,1 M € | -1.9% | 1,1 M € | +12.4% | 981,2 k € | -7.1% | 1,1 M € | +11.1% | 950,7 k € | +2.9% | 924,1 k € | +17.6% | 786,1 k € | +11.2% | 707,1 k € | -0.5% | 710,6 k € | +1.4% | 700,4 k € | +35.8% | 515,7 k € | -17.4% | 624,3 k € | -14.0% | 726 k € | +0.7% | 721 k € | +9.3% | 659,7 k € | +40.7% | 469,1 k € |
| EBITDA | 142,4 k € | +16.2% | 122,6 k € | +207% | 40 k € | -67.7% | 123,6 k € | -49.5% | 244,8 k € | +115% | 113,9 k € | -50.2% | 228,7 k € | +22.9% | 186,1 k € | +25.7% | 148,1 k € | +231% | 44,7 k € | -53.1% | 95,3 k € | +22.5% | 77,8 k € | -7.8% | 84,3 k € | +323% | -37,8 k € | -264% | 23,1 k € | -89.2% | 214,5 k € | +4.0% | 206,2 k € | +44.9% | 142,3 k € | +177% | 51,4 k € |
| Operating result | -5,8 k € | -122% | 26,7 k € | +154% | -49,1 k € | -164% | 76,7 k € | -57.9% | 182 k € | +281% | 47,8 k € | -70.7% | 162,7 k € | +61.4% | 100,8 k € | +62.0% | 62,3 k € | +29.4% | 48,1 k € | +84.4% | 26,1 k € | +12.7% | 23,2 k € | -35.3% | 35,8 k € | +166% | -54,1 k € | -257% | -15,2 k € | -117% | 90,9 k € | -45.1% | 165,7 k € | +108% | 79,9 k € | +295% | 20,2 k € |
| Net result | 16,7 k € | +3592% | 453,4 € | +101% | -65 k € | -261% | 40,5 k € | -65.9% | 118,7 k € | +621% | 16,5 k € | -81.1% | 87,2 k € | +60.0% | 54,5 k € | +170% | 20,2 k € | +24.7% | 16,2 k € | +427% | 3,1 k € | +48.2% | 2,1 k € | -90.5% | 21,8 k € | +125% | -85,6 k € | -254% | -24,1 k € | -298% | 12,2 k € | -88.2% | 103,5 k € | +242% | 30,3 k € | +601% | 4,3 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||
| Equity | 485,7 k € | +3.6% | 469 k € | +0.1% | 468,5 k € | -12.2% | 533,5 k € | +8.2% | 493 k € | +31.7% | 374,3 k € | +4.7% | 357,4 k € | +32.3% | 270,2 k € | +10.0% | 245,7 k € | +8.9% | 225,6 k € | +7.7% | 209,4 k € | +1.5% | 206,3 k € | -15.5% | 244,1 k € | +9.8% | 222,3 k € | -27.8% | 307,9 k € | -7.3% | 332,1 k € | +4.2% | 318,6 k € | +48.1% | 215,2 k € | +16.4% | 184,9 k € |
| Total assets | 1,7 M € | +1.0% | 1,7 M € | +12.7% | 1,5 M € | -14.8% | 1,8 M € | +10.5% | 1,6 M € | +10.2% | 1,5 M € | -23.9% | 1,9 M € | +11.9% | 1,7 M € | +22.1% | 1,4 M € | -7.5% | 1,5 M € | +1.2% | 1,5 M € | +50.9% | 994,9 k € | -5.6% | 1,1 M € | +31.7% | 800,5 k € | -5.7% | 848,8 k € | -8.6% | 929,2 k € | -7.4% | 1 M € | -21.5% | 1,3 M € | +59.3% | 801,7 k € |
| Cash | 143 k € | -0.6% | 143,9 k € | -24.9% | 191,7 k € | +65.0% | 116,1 k € | -0.4% | 116,6 k € | +63.7% | 71,2 k € | -68.2% | 224 k € | +34.0% | 167,1 k € | +132% | 72,1 k € | -31.9% | 105,8 k € | +24.4% | 85,1 k € | -3.1% | 87,8 k € | +22.0% | 72 k € | +121% | 32,5 k € | -76.2% | 136,7 k € | – | 117 k € | +66.1% | 70,5 k € | -8.7% | 77,2 k € | ||
| Debts | 1,1 M € | +15.0% | 991,4 k € | +22.0% | 812,7 k € | -34.8% | 1,2 M € | +12.5% | 1,1 M € | +3.8% | 1,1 M € | -30.0% | 1,5 M € | +8.5% | 1,4 M € | +24.0% | 1,1 M € | -8.7% | 1,2 M € | -0.3% | 1,2 M € | +71.4% | 726 k € | -5.3% | 767 k € | +42.9% | 536,5 k € | +34.7% | 398,2 k € | -15.8% | 472,7 k € | -6.9% | 507,7 k € | -43.7% | 902,2 k € | +83.8% | 490,9 k € |
| Other | |||||||||||||||||||||||||||||||||||||
| Workforce | 23,3 ETP | +28.7% | 18,1 ETP | +20.7% | 15,0 ETP | +18.1% | 12,7 ETP | +1.6% | 12,5 ETP | 0.0% | 12,5 ETP | +15.7% | 10,8 ETP | +5.9% | 10,2 ETP | -13.6% | 11,8 ETP | +25.5% | 9,4 ETP | -6.9% | 10,1 ETP | +1.0% | 10,0 ETP | -1.0% | 10,1 ETP | -1.0% | 10,2 ETP | +45.7% | 7,0 ETP | 0.0% | 7,0 ETP | 0.0% | 7,0 ETP | 0.0% | 7,0 ETP | +40.0% | 5,0 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 500 k€ and 1 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 2 active · 9 ended
Active mandates
Emmanuel HERVE
ActiveLudovic GASNIER
ActiveEnded mandates
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Type of account | Abridged model | Abridged model | Abridged model | Abridged model | Abridged model | Abridged model |
| Start of the financial year | 01/01/2025 | 01/01/2024 | 01/04/2023 | 01/04/2022 | 01/04/2021 | 01/04/2020 |
| Closing of the financial year | 31/12/2025 | 31/12/2024 | 31/12/2023 | 31/03/2023 | 31/03/2022 | 31/03/2021 |
| Length of the financial year | 12 months | 12 months | 9 months | 12 months | 12 months | 12 months |
| Filing date | 19/06/2026 | 13/06/2025 | 18/06/2024 | 26/10/2023 | 27/10/2022 | 08/10/2021 |
| General meeting | 08/06/2026 | 10/06/2025 | 10/06/2024 | 29/09/2023 | 30/09/2022 | 24/09/2021 |
| 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
21 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 08/06/2026 | 19/06/2026 | Dutch | |
| Abridged model | 31/12/2024 | 10/06/2025 | 13/06/2025 | Dutch | |
| Abridged model | 31/12/2023 | 10/06/2024 | 18/06/2024 | Dutch | |
| Abridged model | 31/03/2023 | 29/09/2023 | 26/10/2023 | Dutch | |
| Abridged model | 31/03/2022 | 30/09/2022 | 27/10/2022 | Dutch | |
| Abridged model | 31/03/2021 | 24/09/2021 | 08/10/2021 | Dutch | |
| Abridged model | 31/03/2020 | 30/09/2020 | 27/10/2020 | Dutch | |
| Abridged model | 31/03/2019 | 27/09/2019 | 27/09/2019 | Dutch | |
| Abridged model | 31/03/2018 | 28/09/2018 | 26/10/2018 | Dutch | |
| Abridged model | 31/03/2017 | 29/09/2017 | 04/10/2017 | Dutch | |
| Abridged model | 31/03/2016 | 30/09/2016 | 24/10/2016 | Dutch | |
| Abridged model | 31/03/2015 | 25/09/2015 | 28/09/2015 | Dutch | |
| Abridged model | 31/03/2014 | 26/09/2014 | 24/10/2014 | Dutch | |
| Abridged model | 31/03/2013 | 27/09/2013 | 25/10/2013 | Dutch | |
| Abridged model | 31/03/2012 | 28/09/2012 | 23/10/2012 | Dutch | |
| Abridged model | 31/03/2011 | 30/09/2011 | 17/11/2011 | Dutch | |
| Abridged model | 31/03/2010 | 24/09/2010 | 29/10/2010 | Dutch | |
| Abridged modelCorrection | 31/03/2009 | 04/03/2011 | 11/03/2011 | Dutch | |
| Abridged model | 31/03/2009 | 25/09/2009 | 12/10/2009 | Dutch | |
| Abridged model | 31/03/2008 | 26/09/2008 | 24/12/2008 | Dutch | |
| Abridged model | 31/03/2007 | 28/09/2007 | 09/05/2008 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 500 k€ and 1 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 · 2 active · 9 ended
Active mandates
Emmanuel HERVE
ActiveLudovic GASNIER
ActiveEnded mandates
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Other28/12/2023ALGEMENE VERGADERING - BOEKJAAR
- Mandates14/02/2023ONTSLAGEN - BENOEMINGEN
- Mandates28/04/2020WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
- Registered office13/10/2017MAATSCHAPPELIJKE ZETEL
- Capital / shares15/07/2014KAPITAAL - AANDELEN
- Mandates05/01/2012ONTSLAGEN - BENOEMINGEN
- Mandates29/09/2009ONTSLAGEN - BENOEMINGEN
- Capital / shares18/10/2004BOEKJAAR - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 202516,7 k €↑
- 2024Annual accounts 2024453,4 €↑
- 2023Annual accounts 2023-65 k €↓
- 2023Annual accounts 202340,5 k €↓
- 2022Annual accounts 2022118,7 k €↑
- 2021Annual accounts 202116,5 k €↓
- 2019Annual accounts 201987,2 k €↑
- 2018Annual accounts 201854,5 k €↑
- 2017Annual accounts 201720,2 k €↑
- 2016Annual accounts 201616,2 k €↑
- 2015Annual accounts 20153,1 k €↑
- 2014Annual accounts 20142,1 k €↓
- 2013Annual accounts 201321,8 k €↑
- 2012Annual accounts 2012-85,6 k €↓
- 2011Annual accounts 2011-24,1 k €↓
- 2010Annual accounts 201012,2 k €↓
- 2009Annual accounts 2009103,5 k €↑
- 2008Annual accounts 200830,3 k €↑
- 2007Annual accounts 20074,3 k €
- 13/08/2001IncorporationPrivate limited company