ACTIVE

MATH IMMO

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Financial year 2025 · closed on 31/12/2025
Net result
142,8 k €
-40.9% YoY
Gross margin
185,8 k €
-44.2% YoY
Equity
18,6 k €
0.0% YoY

What does MATH IMMO do?

MATH IMMO is a Private limited company incorporated in 2015. Its main activity is: Development of building projects. Its registered office is in La Louvière.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0607.846.540
Incorporation
19/03/2015
Legal form
Private limited company
Registered office
Rue des Sapeurs-pompiers(PAU) 14
7100 La Louvière · WallonieSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Activities (NACE)
41101Development of building projects· main68121Buying and selling of own real estate
Signals
ProfitablePositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 10 financial years

2025202420232022202120202019201820172016
Income statement
Gross margin185,8 k €332,7 k €184,1 k €150,8 k €137,9 k €86,3 k €8,5 k €-3,4 k €–-1,1 k €
EBITDA185,3 k €332,3 k €183,6 k €150,4 k €137,5 k €85,8 k €8,2 k €-4 k €-503,8 €-1,8 k €
Operating result185,3 k €332,3 k €183,6 k €150,4 k €137,5 k €85,8 k €8,2 k €-4 k €-503,8 €-1,8 k €
Net result142,8 k €241,7 k €134,3 k €116,4 k €100,9 k €69 k €6,7 k €-8,6 k €-3 k €-5,9 k €
Balance sheet
Equity18,6 k €18,6 k €18,6 k €18,6 k €119,5 k €70,7 k €1,7 k €-5 k €3,5 k €6,5 k €
Total assets178 k €396,9 k €560,3 k €579,7 k €382,4 k €313,2 k €6 k €63,8 k €132,1 k €125,1 k €
Cash15,7 k €44,6 k €77 k €114,5 k €358,8 k €11,7 k €1,2 k €1,3 k €7,2 k €113,5 €
Debts159,4 k €378,3 k €541,7 k €561,1 k €262,9 k €242,5 k €4,3 k €68,8 k €128,6 k €118,6 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

MATHIAS HOLLAERT

Director

Active

Ended mandates

Mathias HOLLAERT

Manager · since 19 mars 2015

Ended
MATHIAS HOLLAERT

Administrator - manager

Ended
At this address

Other companies at this address

CompanyCBE no.
HOLLAERT● Active
0428.250.446
M.J.F. SERVICES● Active
0831.699.873
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro 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 date27/02/202630/05/202528/08/202429/08/202326/08/202230/08/2021
General meeting23/02/202615/05/202524/06/202423/05/202327/06/202228/06/2021
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

10 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202523/02/202627/02/2026FrenchPDF
Micro model31/12/202415/05/202530/05/2025FrenchPDF
Micro model31/12/202324/06/202428/08/2024FrenchPDF
Micro model31/12/202223/05/202329/08/2023FrenchPDF
Micro model31/12/202127/06/202226/08/2022FrenchPDF
Micro model31/12/202028/06/202130/08/2021FrenchPDF
Micro model31/12/201915/05/202015/09/2020FrenchPDF
Micro model31/12/201824/06/201923/08/2019FrenchPDF
Micro model31/12/201725/06/201817/08/2018FrenchPDF
Abridged model31/12/201626/06/201707/07/2017FrenchPDF
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.

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 · 1 active · 2 ended

Active mandates

MATHIAS HOLLAERT

Director

Active

Ended mandates

Mathias HOLLAERT

Manager · since 19 mars 2015

Ended
MATHIAS HOLLAERT

Administrator - manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates11/12/2023
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
    PDF
  • Other23/03/2015
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    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 2025142,8 k €↓
  2. 2024
    Annual accounts 2024241,7 k €↑
  3. 2023
    Annual accounts 2023134,3 k €↑
  4. 2022
    Annual accounts 2022116,4 k €↑
  5. 2021
    Annual accounts 2021100,9 k €↑
  6. 2020
    Annual accounts 202069 k €↑
  7. 2019
    Annual accounts 20196,7 k €↑
  8. 2018
    Annual accounts 2018-8,6 k €↓
  9. 2017
    Annual accounts 2017-3 k €↑
  10. 2016
    Annual accounts 2016-5,9 k €
  11. 19/03/2015
    IncorporationPrivate limited company