ACTIVE

MATHEM

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Financial year 2025 · closed on 30/06/2025

Net result

2,2 k €

-74.2% YoY

Gross margin

25,1 k €

-21.7% YoY

Equity

305,1 k €

-44.8% YoY

What does MATHEM do?

MATHEM is a Private limited company incorporated in 2007. Its main activity is: Activities of head offices; management consultancy activities. Its registered office is in Beernem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0887.940.374

Incorporation

14/03/2007

Legal form

Private limited company

Registered office

Bruggestraat 23
8730 Beernem · FlandreSee on map

Contributed capital

450 000,00 €

Latest accounts

30/06/2025

Activities (NACE)

70322Activities of head offices; management consultancy activities· main 81100Combined facilities support activities 81100Combined facilities support activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	25,1 k €	-21.7%	32 k €	-4.0%	33,4 k €	+6.6%	31,3 k €	-0.9%	31,6 k €	+59.2%	19,8 k €	-10.8%	22,3 k €	-11.5%	25,1 k €	-9.4%	27,7 k €	+3.8%	26,7 k €		–		–		–		69,1 k €	+0.6%	68,7 k €	+0.1%	68,6 k €	+595%	9,9 k €
EBITDA	5,1 k €	-60.4%	12,9 k €	-12.7%	14,8 k €	+8.5%	13,6 k €	-20.2%	17,1 k €	+207%	5,6 k €	-33.5%	8,4 k €	-25.9%	11,3 k €	-19.1%	14 k €	+7.0%	13 k €	-28.2%	18,2 k €	-63.2%	49,3 k €	-7.7%	53,4 k €	-3.6%	55,4 k €	-0.6%	55,8 k €	-10.3%	62,2 k €	+553%	9,5 k €
Operating result	5,1 k €	-60.4%	12,9 k €	-12.7%	14,8 k €	+8.5%	13,6 k €	-17.5%	16,5 k €	+197%	5,6 k €	-33.5%	8,4 k €	-23.6%	11 k €	-19.6%	13,6 k €	+7.2%	12,7 k €	-30.1%	18,2 k €	-62.7%	48,7 k €	-7.3%	52,5 k €	-3.7%	54,5 k €	-0.6%	54,9 k €	-10.5%	61,3 k €	+1098%	5,1 k €
Net result	2,2 k €	-74.2%	8,6 k €	+25.5%	6,8 k €	+74.1%	3,9 k €	+149%	1,6 k €	+114%	-11,2 k €	-10.4%	-10,1 k €	-8.4%	-9,3 k €	-11.3%	-8,4 k €	-2.0%	-8,2 k €	-106%	-4 k €	-116%	24,9 k €	-4.2%	26 k €	+2.2%	25,4 k €	+13.3%	22,4 k €	+110%	-225,2 k €	-5862%	3,9 k €
Balance sheet
Equity	305,1 k €	-44.8%	552,9 k €	+1.6%	544,3 k €	+1.3%	537,5 k €	+1.8%	527,9 k €	+0.3%	526,3 k €	-2.1%	537,5 k €	-1.8%	547,6 k €	-1.7%	556,9 k €	-1.5%	565,3 k €	-14.8%	663,2 k €	-0.6%	667,2 k €	+3.9%	642,3 k €	+4.2%	616,4 k €	+4.3%	590,9 k €	+3.9%	568,5 k €	-28.4%	793,6 k €
Total assets	439,1 k €	-34.9%	674,1 k €	-4.1%	703,2 k €	-4.1%	732,9 k €	-12.1%	834,1 k €	-4.0%	869,1 k €	-5.2%	917 k €	-5.0%	965,5 k €	-5.3%	1 M €	-3.8%	1,1 M €	-11.4%	1,2 M €	-3.9%	1,2 M €	-0.5%	1,3 M €	-1.5%	1,3 M €	-0.4%	1,3 M €	-1.2%	1,3 M €	+1.6%	1,3 M €
Cash	28,1 k €	-83.2%	167,4 k €	+16.7%	143,4 k €	+36.2%	105,3 k €	+337%	24,1 k €	+283%	6,3 k €	+83.4%	3,4 k €	-13.2%	4 k €	-32.2%	5,8 k €	-39.7%	9,7 k €	-40.5%	16,3 k €	-37.5%	26 k €	+326%	6,1 k €	-59.7%	15,2 k €	+327%	3,6 k €	-84.9%	23,6 k €	+152%	9,4 k €
Debts	124,1 k €	+11.2%	111,6 k €	-25.5%	149,7 k €	-20.0%	187 k €	-37.5%	299,5 k €	-10.9%	336,2 k €	-9.9%	373,1 k €	-9.3%	411,5 k €	-11.0%	462,4 k €	-5.2%	487,9 k €	-7.2%	525,9 k €	-8.7%	576,3 k €	-4.3%	602 k €	-7.8%	652,7 k €	-3.7%	677,7 k €	-5.2%	714,9 k €	+50.3%	475,6 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 1 active · 11 ended

Active mandates

ZOMERRUST

Director · 0873.757.192

Represented by Annick Van Riebeke

Active

Ended mandates

ZOMERRUST

Director · since 01 octobre 2011 · 0873.757.192

Represented by Annick Van Riebeke

Ended

ZOMERRUST

Manager · since 01 octobre 2011 · 0873.757.192

Represented by Annick Van Riebeke

Ended

Annick Van Riebeke

Manager · since 07 mars 2007

Ended

Monique De Rese

Manager · since 07 mars 2007

Ended

At this address

Other companies at this address

Company	CBE no.
Apotheek Wyseur● Active	0457.863.556
EMMATH● Active	0889.713.001
UNERAN● Active	0431.676.922
ZOMERRUST● Active	0873.757.192

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	21/11/2025	16/12/2024	16/11/2023	24/11/2022	23/11/2021	07/01/2021
General meeting	15/11/2025	15/11/2024	15/11/2023	15/11/2022	15/11/2021	28/12/2020
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	30/06/2025	15/11/2025	21/11/2025	Dutch	PDF
Abridged model	30/06/2024	15/11/2024	16/12/2024	Dutch	PDF
Abridged model	30/06/2023	15/11/2023	16/11/2023	Dutch	PDF
Abridged model	30/06/2022	15/11/2022	24/11/2022	Dutch	PDF
Abridged model	30/06/2021	15/11/2021	23/11/2021	Dutch	PDF
Abridged model	30/06/2020	28/12/2020	07/01/2021	Dutch	PDF
Abridged model	30/06/2019	27/12/2019	31/12/2019	Dutch	PDF
Abridged model	30/06/2018	28/12/2018	07/01/2019	Dutch	PDF
Abridged model	30/06/2017	29/12/2017	05/01/2018	Dutch	PDF
Abridged model	30/06/2016	30/12/2016	10/01/2017	Dutch	PDF
Abridged model	30/06/2015	28/12/2015	04/01/2016	Dutch	PDF
Abridged model	30/06/2014	26/12/2014	09/01/2015	Dutch	PDF
Full model	30/06/2013	27/12/2013	06/01/2014	Dutch	PDF
Full model	30/06/2012	28/12/2012	28/12/2012	Dutch	PDF
Full model	30/06/2011	30/09/2011	25/10/2011	Dutch	PDF
Abridged model	30/06/2010	29/10/2010	29/10/2010	Dutch	PDF
Abridged model	30/06/2009	28/12/2009	04/01/2010	Dutch	PDF
Abridged model	30/06/2008	27/10/2008	20/11/2008	Dutch	PDF
Abridged model	30/06/2007	28/12/2007	16/01/2008	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 30/06/2025 · 1 active · 11 ended

Active mandates

ZOMERRUST

Director · 0873.757.192

Represented by Annick Van Riebeke

Active

Ended mandates

ZOMERRUST

Director · since 01 octobre 2011 · 0873.757.192

Represented by Annick Van Riebeke

Ended

ZOMERRUST

Manager · since 01 octobre 2011 · 0873.757.192

Represented by Annick Van Riebeke

Ended

Annick Van Riebeke

Manager · since 07 mars 2007

Ended

Monique De Rese

Manager · since 07 mars 2007

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates01/03/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares17/03/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates26/10/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/06/2008
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares03/07/2007
KAPITAAL - AANDELEN
PDF
Other22/03/2007
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 20252,2 k €↓
2024
Annual accounts 20248,6 k €↑
2023
Annual accounts 20236,8 k €↑
2022
Annual accounts 20223,9 k €↑
2019
Annual accounts 20191,6 k €↑
2018
Annual accounts 2018-11,2 k €↓
2017
Annual accounts 2017-10,1 k €↓
2016
Annual accounts 2016-9,3 k €↓
2015
Annual accounts 2015-8,4 k €↓
2014
Annual accounts 2014-8,2 k €↓
2013
Annual accounts 2013-4 k €↓
2012
Annual accounts 201224,9 k €↓
2011
Annual accounts 201126 k €↑
2010
Annual accounts 201025,4 k €↑
2009
Annual accounts 200922,4 k €↑
2008
Annual accounts 2008-225,2 k €↓
2007
Annual accounts 20073,9 k €
14/03/2007
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

MATHEM

Overview

What does MATHEM do?

Trend over 17 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