ACTIVE

MATHOK

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Financial year 2025 · closed on 31/12/2025

Net result

38,5 k €

-7.1% YoY

Gross margin

58,8 k €

-8.3% YoY

Equity

358,1 k €

+12.0% YoY

What does MATHOK do?

MATHOK is a Private company with limited liability incorporated in 2006. Its registered office is in Steenokkerzeel.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0885.562.587

Incorporation

11/12/2006

Legal form

Private company with limited liability

Registered office

Vossenweg 11
1820 Steenokkerzeel · FlandreSee on map

Contributed capital

12 400,00 €

Latest accounts

31/12/2025

Contacts

1 public detail availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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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	58,8 k €	-8.3%	64,2 k €	-1.3%	65,0 k €	+33.9%	48,6 k €	-11.9%	55,1 k €	-5.6%	58,4 k €	-3.7%	60,6 k €	+21.4%	49,9 k €	-14.1%	58,1 k €	-9.3%	64,1 k €	+114%	29,9 k €	-26.9%	41,0 k €	+3.6%	39,5 k €	-6.7%	42,4 k €	+2.8%	41,2 k €	-40.9%	69,8 k €	+122679%	-56,9 €	-100%	97,9 k €	-0.1%	97,9 k €
EBITDA	58,5 k €	-8.4%	63,8 k €	-1.4%	64,7 k €	+34.0%	48,3 k €	-11.7%	54,7 k €	-5.7%	58,1 k €	-3.8%	60,4 k €	+21.5%	49,7 k €	-14.1%	57,8 k €	-8.9%	63,5 k €	+112%	29,9 k €	-26.9%	41,0 k €	+3.6%	39,5 k €	-5.5%	41,8 k €	+71.5%	24,4 k €	-64.9%	69,4 k €	+16366%	-427,0 €	-100%	97,6 k €	-0.4%	97,9 k €
Operating result	53,0 k €	-7.5%	57,3 k €	-3.9%	59,6 k €	+36.8%	43,6 k €	-12.8%	50,0 k €	+9.9%	45,5 k €	-4.1%	47,4 k €	+31.8%	36,0 k €	-21.6%	45,9 k €	-11.4%	51,8 k €	+84.5%	28,1 k €	-25.6%	37,8 k €	+2.0%	37,0 k €	-5.8%	39,3 k €	+253%	11,1 k €	-78.7%	52,2 k €	+659%	-9,3 k €	-110%	94,7 k €	-2.6%	97,3 k €
Net result	38,5 k €	-7.1%	41,4 k €	-7.8%	44,9 k €	+54.1%	29,1 k €	-19.3%	36,1 k €	+13.0%	32,0 k €	-4.2%	33,4 k €	+34.5%	24,8 k €	-10.7%	27,8 k €	-13.6%	32,1 k €	+142%	13,3 k €	-43.9%	23,6 k €	-14.6%	27,7 k €	+3.1%	26,8 k €	+123%	-116,4 k €	-404%	38,3 k €	+668%	-6,7 k €	-111%	60,7 k €	-0.8%	61,1 k €
Balance sheet
Equity	358,1 k €	+12.0%	319,6 k €	+14.9%	278,2 k €	+19.3%	233,2 k €	+14.3%	204,1 k €	-12.9%	234,2 k €	+3.7%	225,9 k €	+17.3%	192,5 k €	+14.8%	167,7 k €	+19.9%	139,9 k €	+29.8%	107,8 k €	+14.0%	94,5 k €	+33.4%	70,9 k €	+64.0%	43,2 k €	+164%	16,4 k €	-90.1%	165,7 k €	+30.0%	127,5 k €	-5.0%	134,2 k €	+82.5%	73,5 k €
Total assets	377,9 k €	+8.2%	349,4 k €	+13.6%	307,6 k €	+19.4%	257,7 k €	-12.0%	292,7 k €	+12.0%	261,2 k €	+14.8%	227,5 k €	+11.3%	204,4 k €	+6.4%	192,2 k €	+8.3%	177,5 k €	+56.9%	113,1 k €	+6.7%	106,0 k €	+39.2%	76,1 k €	+63.1%	46,7 k €	+115%	21,7 k €	-90.7%	232,2 k €	+77.3%	131,0 k €	-8.2%	142,7 k €	+79.4%	79,5 k €
Cash	316,3 k €	+2.8%	307,7 k €	+37.0%	224,6 k €	+10.0%	204,1 k €	-19.2%	252,7 k €	+11.4%	226,8 k €	+42.3%	159,4 k €	+32.1%	120,7 k €	-17.3%	145,8 k €	+26.7%	115,1 k €	+27.8%	90,1 k €	+1.0%	89,2 k €	+75.8%	50,7 k €	+152%	20,1 k €	+173%	7,4 k €	-80.8%	38,4 k €	+1023%	3,4 k €	-93.7%	53,9 k €	-15.0%	63,4 k €
Debts	19,8 k €	-33.5%	29,8 k €	+1.3%	29,4 k €	+21.3%	24,3 k €	-72.6%	88,6 k €	+228%	27,0 k €	+1526%	1,7 k €	-86.1%	12,0 k €	-51.2%	24,5 k €	-34.8%	37,6 k €	+606%	5,3 k €	-53.6%	11,5 k €	+118%	5,3 k €	+51.2%	3,5 k €	-34.5%	5,3 k €	-92.0%	66,5 k €	+1803%	3,5 k €	-58.8%	8,5 k €	+41.7%	6,0 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

Tim Heulsen

Manager · since 01 octobre 2011

Active

Ended mandates

Eddy Meysmans

Manager · since 11 décembre 2006

Ended

Tim Heulsen

Director

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	17/07/2026	01/07/2025	27/06/2024	27/07/2023	28/07/2022	29/07/2021
General meeting	01/05/2026	02/05/2025	03/05/2024	05/05/2023	06/05/2022	07/05/2021
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
Micro model	31/12/2025	01/05/2026	17/07/2026	Dutch	PDF
Micro model	31/12/2024	02/05/2025	01/07/2025	Dutch	PDF
Micro model	31/12/2023	03/05/2024	27/06/2024	Dutch	PDF
Micro model	31/12/2022	05/05/2023	27/07/2023	Dutch	PDF
Micro model	31/12/2021	06/05/2022	28/07/2022	Dutch	PDF
Micro model	31/12/2020	07/05/2021	29/07/2021	Dutch	PDF
Micro model	31/12/2019	02/05/2020	30/07/2020	Dutch	PDF
Micro model	31/12/2018	03/05/2019	31/07/2019	Dutch	PDF
Micro model	31/12/2017	04/05/2018	31/07/2018	Dutch	PDF
Micro model	31/12/2016	05/05/2017	30/08/2017	Dutch	PDF
Abridged model	31/12/2015	06/05/2016	31/08/2016	Dutch	PDF
Abridged model	31/12/2014	02/05/2015	28/08/2015	Dutch	PDF
Abridged model	31/12/2013	02/05/2014	23/09/2014	Dutch	PDF
Abridged model	31/12/2012	06/05/2013	22/07/2013	Dutch	PDF
Abridged model	31/12/2011	07/05/2012	26/07/2012	Dutch	PDF
Abridged model	31/12/2010	06/05/2011	25/07/2011	Dutch	PDF
Abridged model	31/12/2009	07/05/2010	19/07/2010	Dutch	PDF
Abridged model	31/12/2008	01/05/2009	24/07/2009	Dutch	PDF
Abridged model	31/12/2007	02/05/2008	14/07/2008	Dutch	PDF

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

Tim Heulsen

Manager · since 01 octobre 2011

Active

Ended mandates

Eddy Meysmans

Manager · since 11 décembre 2006

Ended

Tim Heulsen

Director

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates21/10/2011
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Other19/12/2006
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 202538,5 k €↓
2024
Annual accounts 202441,4 k €↓
2023
Annual accounts 202344,9 k €↑
2022
Annual accounts 202229,1 k €↓
2021
Annual accounts 202136,1 k €↑
2020
Annual accounts 202032,0 k €↓
2019
Annual accounts 201933,4 k €↑
2018
Annual accounts 201824,8 k €↓
2017
Annual accounts 201727,8 k €↓
2016
Annual accounts 201632,1 k €↑
2015
Annual accounts 201513,3 k €↓
2014
Annual accounts 201423,6 k €↓
2013
Annual accounts 201327,7 k €↑
2012
Annual accounts 201226,8 k €↑
2011
Annual accounts 2011-116,4 k €↓
2010
Annual accounts 201038,3 k €↑
2009
Annual accounts 2009-6,7 k €↓
2008
Annual accounts 200860,7 k €↓
2007
Annual accounts 200761,1 k €
11/12/2006
IncorporationPrivate company with limited liability

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

MATHOK

Overview

What does MATHOK do?

Trend over 19 financial years

Indicative valuation

Board of directors

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