ACTIVE

MATHITRANS

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Financial year 2025 · closed on 31/12/2025

Net result

73,8 k €

-3.9% YoY

Gross margin

280,5 k €

-4.5% YoY

Equity

361 k €

+25.7% YoY

Workforce

1,0 ETP

+25.0% YoY

What does MATHITRANS do?

MATHITRANS is a Private limited company incorporated in 2006. Its main activity is: Freight transport by road. Its registered office is in Wingene. It employs on average 1,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0883.511.335

Incorporation

14/09/2006

Legal form

Private limited company

Registered office

Hoogweg 9C
8750 Wingene · FlandreSee on map

Contributed capital

20 000,00 €

Latest accounts

31/12/2025

Average workforce

1,0 ETP

Activities (NACE)

49410Freight transport by road· main 49410Freight transport by road 60242Television programming and broadcasting activities 01610Support activities for crop production 01610Support activities for crop production 52241Cargo handling+5

Joint committees (1)

14003

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	280,5 k €	-4.5%	293,7 k €	+12.7%	260,6 k €	+1.5%	256,8 k €	+4.9%	244,9 k €	+61.7%	151,4 k €	+26.7%	119,5 k €	+84.6%	64,7 k €	-35.4%	100,2 k €	-26.3%	136 k €	+152%	53,9 k €	-54.0%	117,3 k €	+73.2%	67,7 k €	-18.1%	82,7 k €	+65.9%	49,8 k €	+0.3%	49,7 k €	-14.8%	58,3 k €	+16.5%	50,1 k €	-26.2%	67,9 k €
EBITDA	175,4 k €	-8.0%	190,5 k €	+23.6%	154,1 k €	-5.0%	162,3 k €	+9.8%	147,9 k €	+90.4%	77,7 k €	-25.4%	104,1 k €	+106%	50,5 k €	-33.8%	76,4 k €	-39.6%	126,5 k €	+149%	50,8 k €	-55.5%	114,2 k €	+75.8%	64,9 k €	-18.4%	79,6 k €	+70.8%	46,6 k €	-0.6%	46,8 k €	-15.9%	55,7 k €	+18.0%	47,3 k €	-26.8%	64,6 k €
Operating result	111,8 k €	-7.5%	120,9 k €	+45.1%	83,4 k €	-3.7%	86,5 k €	-5.4%	91,4 k €	+296%	23,1 k €	-8.8%	25,3 k €	+1004%	2,3 k €	-91.1%	25,7 k €	-53.5%	55,3 k €	+855%	5,8 k €	-88.5%	50,6 k €	+281%	13,3 k €	-32.6%	19,7 k €	+531%	3,1 k €	-78.8%	14,7 k €	-50.1%	29,5 k €	+31.8%	22,4 k €	+74.2%	12,9 k €
Net result	73,8 k €	-3.9%	76,8 k €	+44.4%	53,2 k €	-13.0%	61,2 k €	-2.3%	62,6 k €	+231%	18,9 k €	+5.9%	17,9 k €	+660%	2,4 k €	-85.1%	15,8 k €	-51.0%	32,3 k €	+10025%	319,2 €	-98.9%	29,3 k €	+531%	4,6 k €	-56.4%	10,6 k €	-10.5%	11,9 k €	+20.8%	9,8 k €	-44.4%	17,7 k €	+4.7%	16,9 k €	+198%	5,7 k €
Balance sheet
Equity	361 k €	+25.7%	287,2 k €	-7.3%	309,8 k €	+20.7%	256,6 k €	+21.5%	211,2 k €	+16.7%	180,9 k €	+11.7%	162 k €	-6.6%	173,4 k €	+1.4%	171,1 k €	+10.2%	155,2 k €	+26.3%	122,9 k €	+0.3%	122,6 k €	+31.4%	93,3 k €	+5.2%	88,7 k €	+13.6%	78,1 k €	+18.0%	66,2 k €	+17.5%	56,3 k €	+45.9%	38,6 k €	+50.3%	25,7 k €
Total assets	675,5 k €	+2.8%	657,1 k €	+11.1%	591,4 k €	-5.8%	627,8 k €	-4.9%	660,1 k €	+39.2%	474,1 k €	+16.4%	407,4 k €	+8.2%	376,4 k €	-7.4%	406,4 k €	-1.9%	414,2 k €	+54.2%	268,7 k €	+9.7%	244,9 k €	+11.1%	220,4 k €	-11.8%	249,8 k €	+10.6%	225,8 k €	+55.6%	145,1 k €	+51.6%	95,8 k €	-7.9%	104 k €	+1.4%	102,5 k €
Cash	112,2 k €	+1.4%	110,6 k €	+110%	52,7 k €	-22.5%	68 k €	-37.8%	109,3 k €	+56.8%	69,7 k €	-28.9%	98 k €	-42.3%	170 k €	-6.4%	181,5 k €	+26.2%	143,8 k €	+29.5%	111 k €	+1.4%	109,5 k €	+36.7%	80,1 k €	+67.9%	47,7 k €	+3.6%	46 k €	+110%	21,9 k €	-49.3%	43,2 k €	+26.3%	34,2 k €	-36.0%	53,5 k €
Debts	314,5 k €	-15.0%	369,9 k €	+31.3%	281,6 k €	-24.1%	371,2 k €	-17.3%	448,9 k €	+53.1%	293,2 k €	+19.5%	245,4 k €	+20.9%	203 k €	-13.7%	235,2 k €	-9.2%	259 k €	+77.7%	145,8 k €	+19.2%	122,3 k €	-3.8%	127 k €	-21.1%	161,1 k €	+9.0%	147,8 k €	+87.1%	79 k €	+100%	39,4 k €	-39.7%	65,4 k €	-14.9%	76,8 k €
Other
Workforce	1,0 ETP	+25.0%	0,8 ETP	-20.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	+25.0%	0,8 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 5 ended

Active mandates

Thibo Quyssens

Director

Active

THIMAQ

Director · 0598.908.781

Represented by GERDI QUYSSENS

Active

Ended mandates

Thibo Quyssens

Director · since 01 janvier 2025

Ended

THIMAQ

Manager · since 16 novembre 2017 · 0598.908.781

Represented by Gerdi Quyssens

Ended

GERDI QUYSSENS

Manager · until 15 novembre 2017

Ended

GERDI QUYSSENS

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
THIMAQ● Active	0598.908.781

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
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	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	03/07/2026	30/09/2025	27/06/2024	29/06/2023	30/08/2022	27/08/2021
General meeting	06/06/2026	24/09/2025	01/06/2024	03/06/2023	04/06/2022	05/06/2021
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

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	06/06/2026	03/07/2026	Dutch	PDF
Abridged model	31/12/2024	24/09/2025	30/09/2025	Dutch	PDF
Abridged model	31/12/2023	01/06/2024	27/06/2024	Dutch	PDF
Abridged model	31/12/2022	03/06/2023	29/06/2023	Dutch	PDF
Abridged model	31/12/2021	04/06/2022	30/08/2022	Dutch	PDF
Abridged model	31/12/2020	05/06/2021	27/08/2021	Dutch	PDF
Abridged model	31/12/2019	08/09/2020	30/09/2020	Dutch	PDF
Abridged model	31/12/2018	01/06/2019	29/08/2019	Dutch	PDF
Micro model	31/12/2017	02/06/2018	30/08/2018	Dutch	PDF
Micro model	31/12/2016	03/06/2017	30/08/2017	Dutch	PDF
Abridged model	31/12/2015	04/06/2016	30/08/2016	Dutch	PDF
Abridged model	31/12/2014	06/06/2015	02/07/2015	Dutch	PDF
Abridged model	31/12/2013	07/06/2014	27/08/2014	Dutch	PDF
Abridged model	31/12/2012	01/06/2013	01/07/2013	Dutch	PDF
Abridged model	31/12/2011	02/06/2012	22/08/2012	Dutch	PDF
Abridged model	31/12/2010	04/06/2011	14/07/2011	Dutch	PDF
Abridged model	31/12/2009	05/06/2010	30/08/2010	Dutch	PDF
Abridged model	31/12/2008	06/06/2009	29/06/2009	Dutch	PDF
Abridged model	31/12/2007	07/06/2008	04/07/2008	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 2 active · 5 ended

Active mandates

Thibo Quyssens

Director

Active

THIMAQ

Director · 0598.908.781

Represented by GERDI QUYSSENS

Active

Ended mandates

Thibo Quyssens

Director · since 01 janvier 2025

Ended

THIMAQ

Manager · since 16 novembre 2017 · 0598.908.781

Represented by Gerdi Quyssens

Ended

GERDI QUYSSENS

Manager · until 15 novembre 2017

Ended

GERDI QUYSSENS

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates26/03/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/10/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/01/2018
ONTSLAGEN - BENOEMINGEN
PDF
Other15/09/2009
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other22/09/2006
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

2025
Annual accounts 202573,8 k €↓
2024
Annual accounts 202476,8 k €↑
2023
Annual accounts 202353,2 k €↓
2022
Annual accounts 202261,2 k €↓
2021
Annual accounts 202162,6 k €↑
2020
Annual accounts 202018,9 k €↑
2019
Annual accounts 201917,9 k €↑
2018
Annual accounts 20182,4 k €↓
2017
Annual accounts 201715,8 k €↓
2016
Annual accounts 201632,3 k €↑
2015
Annual accounts 2015319,2 €↓
2014
Annual accounts 201429,3 k €↑
2013
Annual accounts 20134,6 k €↓
2012
Annual accounts 201210,6 k €↓
2011
Annual accounts 201111,9 k €↑
2010
Annual accounts 20109,8 k €↓
2009
Annual accounts 200917,7 k €↑
2008
Annual accounts 200816,9 k €↑
2007
Annual accounts 20075,7 k €
14/09/2006
IncorporationPrivate 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

MATHITRANS

Overview

What does MATHITRANS do?

Trend over 19 financial years

Indicative valuation

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