ACTIVE

MATHI

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Financial year 2025 · closed on 31/12/2025
Net result
20,9 k €
-26.2% YoY
Gross margin
190,2 k €
+6.5% YoY
Equity
294,9 k €
+7.6% YoY
Workforce
2,5 ETP
+13.6% YoY

What does MATHI do?

MATHI is a Public limited company incorporated in 2003. Its registered office is in Brecht. It employs on average 2,5 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0479.640.749
Incorporation
25/02/2003
Legal form
Public limited company
Registered office
Luyckstraat 6 box a
2960 Brecht · FlandreSee on map
Contributed capital
62 000,00 €
Latest accounts
31/12/2025
Average workforce
2,5 ETP
Joint committees (3)
  • 14901
  • 200
  • 218
Contacts
2 public details availableLog in to view
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 20 financial years

20252024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Gross margin190,2 k €178,6 k €111,3 k €138,9 k €137,5 k €45,4 k €60,9 k €57,4 k €147,9 k €66,1 k €89,6 k €91,6 k €63,4 k €34,7 k €84,2 k €37,1 k €36,8 k €12,5 k €-2,1 k €4,9 k €
EBITDA67,3 k €74,7 k €39,2 k €15,6 k €74 k €35 k €52,9 k €51 k €138,3 k €51,4 k €88,7 k €89,5 k €63 k €32 k €75,6 k €31,7 k €32,3 k €9,6 k €-3,6 k €4,2 k €
Operating result23,8 k €30,9 k €6,9 k €-11,2 k €43,9 k €17,1 k €32,7 k €30,7 k €116,1 k €36,3 k €72,2 k €78,1 k €52,6 k €19 k €63,3 k €18,8 k €19,7 k €4 k €-4,7 k €4,2 k €
Net result20,9 k €28,3 k €10,6 k €1,7 k €32,7 k €14 k €16,6 k €18,2 k €66,5 k €29,3 k €49,9 k €52,7 k €35,6 k €14,5 k €43,2 k €14,1 k €17 k €6,8 k €-3,4 k €3,7 k €
Balance sheet
Equity294,9 k €274 k €343,9 k €333,3 k €349,8 k €317,1 k €303,1 k €286,5 k €268,4 k €201,9 k €172,5 k €130,7 k €78 k €68,9 k €111,5 k €68,3 k €77,9 k €69 k €62,1 k €65,5 k €
Total assets594,9 k €554,4 k €724,6 k €584,7 k €566 k €540 k €642,1 k €628,8 k €689,9 k €523,8 k €297,7 k €233,4 k €196,8 k €229,9 k €215 k €130 k €141,7 k €80,3 k €62,6 k €66,4 k €
Cash1,5 k €3,7 k €1,1 k €23,2 k €12,9 k €67,3 k €9,6 k €2,3 k €53,5 k €3 k €64,1 k €17,4 k €21,2 k €35,1 k €51,8 k €19,1 k €39,3 k €11,5 k €8,5 k €66,3 k €
Debts300 k €280,4 k €380,7 k €251,4 k €216,2 k €222,9 k €338,9 k €342,3 k €421,5 k €321,9 k €125,1 k €102,7 k €118,8 k €160,9 k €103,5 k €61,7 k €63,8 k €11,3 k €510 €867,2 €
Other
Workforce2,5 ETP2,2 ETP1,3 ETP2,0 ETP1,9 ETP1,0 ETP1,0 ETP0,2 ETP0,2 ETP0,4 ETP––––0,3 ETP0,1 ETP0,2 ETP–0,1 ETP–
Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 26 ended

Active mandates

Erik Mariën

Managing director · since 25 octobre 2023 · until 25 octobre 2029

Active
Naomi Mariën

Director · since 25 octobre 2023 · until 25 octobre 2029

Active

Ended mandates

Naomi Mariën

Director · since 02 septembre 2021 · until 12 juin 2027

Ended
Blanstafnazaat

Director · since 12 juin 2019 · until 12 juin 2025 · 0452.495.892

Represented by Nicolas Van Hoofstadt

Ended
Erik Mariën

Managing director · since 12 juin 2019 · until 12 juin 2025

Ended
Erik Mariën

Managing director · since 12 juin 2019 · until 12 juin 2027

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date20/08/202613/08/202509/08/202430/08/202323/06/202230/07/2021
General meeting12/06/202612/06/202512/06/202412/06/202312/06/202212/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202512/06/202620/08/2026DutchPDF
Abridged model31/12/202412/06/202513/08/2025DutchPDF
Abridged model31/12/202312/06/202409/08/2024DutchPDF
Abridged model31/12/202212/06/202330/08/2023DutchPDF
Abridged model31/12/202112/06/202223/06/2022DutchPDF
Abridged model31/12/202012/06/202130/07/2021DutchPDF
Abridged model31/12/201912/06/202024/10/2020DutchPDF
Abridged model31/12/201823/05/201908/07/2019DutchPDF
Abridged model31/12/201712/06/201825/09/2018DutchPDF
Abridged model31/12/201612/06/201728/09/2017DutchPDF
Abridged model31/12/201512/06/201630/08/2016DutchPDF
Abridged model31/12/201412/06/201523/07/2015DutchPDF
Abridged model31/12/201312/06/201426/09/2014DutchPDF
Abridged model31/12/201212/06/201330/08/2013DutchPDF
Abridged model31/12/201112/06/201213/08/2012DutchPDF
Abridged model31/12/201014/06/201110/08/2011DutchPDF
Abridged model31/12/200912/06/201027/08/2010DutchPDF
Abridged model31/12/200805/03/200927/07/2009DutchPDF
Abridged model31/12/200712/06/200828/07/2008DutchPDF
Abridged model31/12/200612/06/200703/08/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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.

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 31/12/2025 · 2 active · 26 ended

Active mandates

Erik Mariën

Managing director · since 25 octobre 2023 · until 25 octobre 2029

Active
Naomi Mariën

Director · since 25 octobre 2023 · until 25 octobre 2029

Active

Ended mandates

Naomi Mariën

Director · since 02 septembre 2021 · until 12 juin 2027

Ended
Blanstafnazaat

Director · since 12 juin 2019 · until 12 juin 2025 · 0452.495.892

Represented by Nicolas Van Hoofstadt

Ended
Erik Mariën

Managing director · since 12 juin 2019 · until 12 juin 2025

Ended
Erik Mariën

Managing director · since 12 juin 2019 · until 12 juin 2027

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates23/11/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - DIVERSEN - DOEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates22/09/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates01/10/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office27/09/2016
    MAATSCHAPPELIJKE ZETEL - ADRESSEN ANDERS DAN MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates07/10/2014
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates08/10/2007
    MAATSCHAPPELIJKE ZETEL - DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - KAPITAAL - AANDELEN
    PDF
  • Mandates18/08/2004
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other05/03/2003
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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

Timeline

  1. 2025
    Annual accounts 202520,9 k €↓
  2. 2024
    Annual accounts 202428,3 k €↑
  3. 2023
    Annual accounts 202310,6 k €↑
  4. 2022
    Annual accounts 20221,7 k €↓
  5. 2021
    Annual accounts 202132,7 k €↑
  6. 2020
    Annual accounts 202014 k €↓
  7. 2019
    Annual accounts 201916,6 k €↓
  8. 2018
    Annual accounts 201818,2 k €↓
  9. 2017
    Annual accounts 201766,5 k €↑
  10. 2016
    Annual accounts 201629,3 k €↓
  11. 2015
    Annual accounts 201549,9 k €↓
  12. 2014
    Annual accounts 201452,7 k €↑
  13. 2013
    Annual accounts 201335,6 k €↑
  14. 2012
    Annual accounts 201214,5 k €↓
  15. 2011
    Annual accounts 201143,2 k €↑
  16. 2010
    Annual accounts 201014,1 k €↓
  17. 2009
    Annual accounts 200917 k €↑
  18. 2008
    Annual accounts 20086,8 k €↑
  19. 2007
    Annual accounts 2007-3,4 k €↓
  20. 2006
    Annual accounts 20063,7 k €
  21. 25/02/2003
    IncorporationPublic limited company