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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 33 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 29.2 to 16.7.
Financials
Financial year 2025
MATHY-BY-BOLS from Couvin, company number BE0431559433, closed financial year 2025 with a result of € -122,928 after tax. For that financial year MATHY-BY-BOLS recorded a gross margin of € 542,656 and equity of € 721,518. Compared with financial year 2024, the result moved from € -289,022 to € -122,928. 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 July 31, 2026.
€ 721,518
▼ 16% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -122,928
▲ 57 % less loss than in 2024
Profit after tax over the fiscal year.
€ 1,282
▼ 97% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 437,424.
People and assets in 2025
16.7
▼ 6.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 573,582
▼ 8% vs 2024
€ 34,300 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.
€ 18,818
▼ 52% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 255,368
▼ 9% vs 2024
€ 49,455 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 88,814
▲ 100% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 34,650
▼ 54% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 916,859 | € 793,777 | € 469,370 | € 542,656 | ▲ 16% |
| Profit after taxes | € -107,509 | € -105,614 | € -289,022 | € -122,928 | ▲ € 166,093 |
| Equity | € 1,171,776 | € 1,162,124 | € 857,657 | € 721,518 | ▼ 16% |
| Total debts | € 620,748 | € 439,594 | € 419,901 | € 432,824 | ▲ 3% |
| Cash | - | - | € 43,912 | € 1,282 | ▼ 97% |
| Land & buildings | € 395,142 | € 379,430 | € 363,741 | € 348,476 | ▼ 4% |
| Retained profit | € 954,989 | € 849,375 | € 560,353 | € 437,424 | ▼ 22% |
| Bank debt | € 425,479 | € 258,295 | € 281,541 | € 255,368 | ▼ 9% |
| Balance sheet total | € 1,965,838 | € 1,755,469 | € 1,410,514 | € 1,266,549 | ▼ 10% |
| Employees (FTE) | 31.3 | 29.2 | 23.4 | 16.7 | ▼ 6.7 |
Key figures of MATHY-BY-BOLS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to MATHY-BY-BOLS?
What happened at MATHY-BY-BOLS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 122,928. Source: NBB ↗
- New establishment in Couvin. KBO
- Start of the company according to the CBE. KBO
In short
From € 107,509 loss in 2022 to € 122,928 loss in 2025.
On average € 32,500 of value added per employee in 2025.
Management
Behind MATHY-BY-BOLS are JEAN-MARIE BOLS and ARNAUD BOLS.
Directors
According to the 2025 annual accounts
JEAN-MARIE BOLS
Director
ARNAUD BOLS
Director
Establishments
Establishment units
Physical locations of this company
Chaussée de Roly, Mar. 26
5660 Couvin
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Certifications & Partners
Hosting & Email
Email provider
Rackspace Email
Hosting
OVH, FR
Website info
Features
Security
Details
- Company number
- 0431.559.433
- VAT number
- BE 0431.559.433
- Registered office
- Chaussée de Roly, Mar. 26, 5660 Couvin
- Names & denominations
- MATHY-BY-BOLS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 16 July 1987
- Peppol
- Active · Active since 9 Jan 2026
- Contact
- mathy-by-bols.be
- Activities · NACE
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