Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Shrinking team NBB
FTE fell two years in a row, from 6 to 4.9.
Financials
Financial year 2025
MATHER from Ardooie, company number BE0419286359, closed financial year 2025 with a result of € -47,244 after tax. For that financial year MATHER recorded a gross margin of € 303,337 and equity of € 2.4 million. Compared with financial year 2024, the result moved from € 687,051 to € -47,244. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on April 27, 2026.
€ 2.4 million
▼ 13% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -47,244
▼ still € 687,051 profit in 2024
Profit after tax over the fiscal year.
€ 651,304
▲ 192% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 2.3 million.
People and assets in 2025
4.9
▼ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 174,251
▼ 19% vs 2024
€ 35,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 278,462
▼ 10% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 133,368
▼ 43% vs 2024
€ 62,288 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 26,914
▼ 38% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 28,357
▼ 2% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 955,086 | € 656,940 | € 1,219,188 | € 303,337 | ▼ 75% |
| Profit after taxes | € 239,973 | € 130,765 | € 687,051 | € -47,244 | ▼ € 734,295 |
| Equity | € 1,936,305 | € 2,067,070 | € 2,754,120 | € 2,385,734 | ▼ 13% |
| Total debts | € 1,182,449 | € 669,177 | € 340,691 | € 285,406 | ▼ 16% |
| Cash | € 108,475 | € 348,915 | € 223,317 | € 651,304 | ▲ 192% |
| Land & buildings | € 1,868,523 | € 1,830,493 | € 1,720,078 | € 1,686,595 | ▼ 2% |
| Retained profit | € 1,674,121 | € 1,804,886 | € 2,491,936 | € 2,348,550 | ▼ 6% |
| Dividend | € 0 | € 0 | € 0 | € 96,143 | |
| Bank debt | € 899,418 | € 459,697 | € 236,019 | € 133,368 | ▼ 43% |
| Balance sheet total | € 3,390,220 | € 3,023,654 | € 3,412,563 | € 2,970,333 | ▼ 13% |
| Employees (FTE) | 7.6 | 6 | 5 | 4.9 | ▼ 0.1 |
Key figures of MATHER, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to MATHER?
What happened at MATHER in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 47,244 (▼ € 734,295 vs 2024). Source: NBB ↗
- Geert Mattan stepped down as director. NBB
- Olivier Devriese BV became a director. NBB
- Geert Mattan became a director. NBB
- New establishment in Ardooie. KBO
- Start of the company according to the CBE. KBO
In short
From € 239,973 profit in 2022 to € 47,244 loss in 2025.
Paid € 151,345 in corporate taxes since 2022.
Best year ever: 2024, with € 687,051 profit.
On average € 61,900 of value added per employee in 2025.
Management
The stake of Olivier Devriese comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MATHERBehind MATHER is Olivier Devriese BV. The shares are held by Olivier Devriese (87.4%).
Directors
According to the 2025 annual accounts
Director · represented by Devriese Olivier
since 2022
since 2013 · until 2025
Shareholders
87.4%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Roterijstraat 3
8850 Ardooie
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0419.286.359
- VAT number
- BE 0419.286.359
- Registered office
- Roterijstraat 3, 8850 Ardooie
- Names & denominations
- MATHER
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 February 1979
- Peppol
- Active · Active since 23 Dec 2025
- Activities · NACE
Reparatie en onderhoud van producten van metaal
Vervaardiging van carrosserieën en aanhangwagens
Verhuur en lease van vrachtwagens
Carrosserieherstelling (inclusief spuiten en verven)
Goederenvervoer over de weg
Groothandel in aanhangwagens, opleggers en caravans
Vervaardiging van aanhangwagens, opleggers en caravans
Vervaardiging van carrosserieën voor motorvoertuigen
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