What does MATHIMMO do?

MATHIMMO is registered with the CBE as active in: Activiteiten van holdings. Public Limited, started on 29 February 1988, 2 establishments.

What is the address of MATHIMMO?

The registered office of MATHIMMO is located at Chaussée de Tervuren 389, 1410 Waterloo.

Is MATHIMMO still active?

Yes. According to the CBE (29 October 2026) MATHIMMO is active, legal situation “Normale toestand”, started on 29 February 1988.

Is MATHIMMO registered on Peppol?

Yes, MATHIMMO is registered on the Peppol network with ID 0208:0433608905.

What is the enterprise number of MATHIMMO?

The enterprise number of MATHIMMO is BE0433608905.

When was MATHIMMO founded?

MATHIMMO was founded on 29 February 1988.

Who are the directors of MATHIMMO?

According to the 2025 annual accounts, the directors of MATHIMMO are: ARLO, JL SQUARE, SPORTS VENTURES.

Is MATHIMMO a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 29 February 1988; 5 annual accounts filed, latest fiscal year 2025; 3 directors known from the annual account; 2 establishments in the CBE.

How much profit did MATHIMMO make in 2025?

MATHIMMO posted a profit after taxes of € 420,868 in financial year 2025.

What is the revenue of MATHIMMO?

In its most recent annual accounts (2025), MATHIMMO reported revenue of € 684,453.

How much does an employee at MATHIMMO earn?

The average wage cost per full-time employee at MATHIMMO was € 98,800 in 2025: staff costs of € 217,306 for 2.2 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does MATHIMMO have?

According to the 2025 annual accounts, MATHIMMO has 2.2 full-time equivalents (FTE).

MATHIMMO (Public Limited) - Waterloo - BE0433608905

Dossier MATHIMMO, printed on 29 October 2026 from databakkes.be/en/0433608905/mathimmo. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Busy address KBO

51 other companies have their registered office at the same address; threshold 10.

Financials

Financial year 2025

MATHIMMO from Waterloo, company number BE0433608905, closed financial year 2025 with a result of € 420,868 after tax. For that financial year MATHIMMO recorded revenue of € 684,453 and equity of € 22.1 million. Compared with financial year 2024, the result moved from € -155,704 to € 420,868. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 24, 2026.

What it is worth Growing

€ 22.1 million

▲ 2% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 420,868

▲ still € 155,704 loss in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 114,273

▼ 97% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 1.9 million.

People and assets in 2025

Full-time equivalents

2.2

▲ 0.4 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 814,497 in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 217,306

▲ 25% vs 2024

€ 98,800 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.

Vehicles and equipment

€ 40,237

▼ 7% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 13 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 4.5 million

▼ 7% vs 2024

€ 346,119 is repaid this year. At this pace the long-term loan is gone in ≈ 13 years.

Owed to suppliers

€ 145,044

▼ 18% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 65 days on average.

Taxes and wages

€ 54,373

▲ 19% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	-	-	-	€ 684,453 Revenue 2025: € 684,453 First fiscal year in the series
Gross margin	€ -96,783 Gross margin 2022: € -96,783 First fiscal year in the series	€ -611,991 Gross margin 2023: € -611,991 ▼ € 515,208 vs 2022 (€ -96,783) Unfavourable step	€ -474,114 Gross margin 2024: € -474,114 ▲ € 137,877 vs 2023 (€ -611,991) Favourable step	-
Profit after taxes	€ -381,200 Profit after taxes 2022: € -381,200 First fiscal year in the series	€ -390,080 Profit after taxes 2023: € -390,080 ▼ € 8,880 vs 2022 (€ -381,200) Unfavourable step	€ -155,704 Profit after taxes 2024: € -155,704 ▲ € 234,377 vs 2023 (€ -390,080) Favourable step	€ 420,868 Profit after taxes 2025: € 420,868 ▲ € 576,571 vs 2024 (€ -155,704) Favourable step	▲ € 576,571
Equity	€ 22,264,105 Equity 2022: € 22,264,105 First fiscal year in the series	€ 21,874,025 Equity 2023: € 21,874,025 ▼ 2% vs 2022 (€ 22,264,105) Unfavourable step	€ 21,718,321 Equity 2024: € 21,718,321 ▼ 1% vs 2023 (€ 21,874,025) Unfavourable step	€ 22,139,188 Equity 2025: € 22,139,188 ▲ 2% vs 2024 (€ 21,718,321) Favourable step	▲ 2%
Total debts	€ 15,398,205 Total debts 2022: € 15,398,205 First fiscal year in the series	€ 38,165,418 Total debts 2023: € 38,165,418 ▲ 148% vs 2022 (€ 15,398,205) Unfavourable step	€ 64,082,421 Total debts 2024: € 64,082,421 ▲ 68% vs 2023 (€ 38,165,418) Unfavourable step	€ 70,109,452 Total debts 2025: € 70,109,452 ▲ 9% vs 2024 (€ 64,082,421) Unfavourable step	▲ 9%
Cash	€ 2,912,734 Cash 2022: € 2,912,734 First fiscal year in the series	€ 110,832 Cash 2023: € 110,832 ▼ 96% vs 2022 (€ 2,912,734) Unfavourable step	€ 3,363,259 Cash 2024: € 3,363,259 ▲ € 3.3 million vs 2023 (€ 110,832) Favourable step	€ 114,273 Cash 2025: € 114,273 ▼ 97% vs 2024 (€ 3,363,259) Unfavourable step	▼ 97%
Land & buildings	€ 3,165,278 Land & buildings 2022: € 3,165,278 First fiscal year in the series	€ 5,214,728 Land & buildings 2023: € 5,214,728 ▲ 65% vs 2022 (€ 3,165,278) Unchanged	€ 4,994,137 Land & buildings 2024: € 4,994,137 ▼ 4% vs 2023 (€ 5,214,728) Unchanged	€ 4,845,475 Land & buildings 2025: € 4,845,475 ▼ 3% vs 2024 (€ 4,994,137) Unchanged	▼ 3%
Retained profit	€ 2,054,105 Retained profit 2022: € 2,054,105 First fiscal year in the series	€ 1,664,025 Retained profit 2023: € 1,664,025 ▼ 19% vs 2022 (€ 2,054,105) Unfavourable step	€ 1,508,321 Retained profit 2024: € 1,508,321 ▼ 9% vs 2023 (€ 1,664,025) Unfavourable step	€ 1,929,188 Retained profit 2025: € 1,929,188 ▲ 28% vs 2024 (€ 1,508,321) Favourable step	▲ 28%
Bank debt	€ 2,437,914 Bank debt 2022: € 2,437,914 First fiscal year in the series	€ 2,322,683 Bank debt 2023: € 2,322,683 ▼ 5% vs 2022 (€ 2,437,914) Favourable step	€ 4,812,966 Bank debt 2024: € 4,812,966 ▲ 107% vs 2023 (€ 2,322,683) Unfavourable step	€ 4,478,302 Bank debt 2025: € 4,478,302 ▼ 7% vs 2024 (€ 4,812,966) Favourable step	▼ 7%
Balance sheet total	€ 38,471,912 Balance sheet total 2022: € 38,471,912 First fiscal year in the series	€ 60,798,373 Balance sheet total 2023: € 60,798,373 ▲ 58% vs 2022 (€ 38,471,912) Unchanged	€ 86,534,274 Balance sheet total 2024: € 86,534,274 ▲ 42% vs 2023 (€ 60,798,373) Unchanged	€ 92,956,774 Balance sheet total 2025: € 92,956,774 ▲ 7% vs 2024 (€ 86,534,274) Unchanged	▲ 7%
Employees (FTE)	1.6 Employees (FTE) 2022: 1.6 First fiscal year in the series	1.8 Employees (FTE) 2023: 1.8 ▲ 0.2 vs 2022 (1.6) Unchanged	1.8 Employees (FTE) 2024: 1.8 Unchanged (1.8) Unchanged	2.2 Employees (FTE) 2025: 2.2 ▲ 0.4 vs 2024 (1.8) Unchanged	▲ 0.4

Key figures of MATHIMMO, 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 MATHIMMO?

What happened at MATHIMMO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Jul 24, 2026 New annual accounts for financial year 2025: profit of € 420,868. Source: NBB ↗
2026 ARLO stepped down as director. NBB
2026 JL SQUARE stepped down as director. NBB
2026 SPORTS VENTURES stepped down as director. NBB
Jun 14, 2024 New establishment in Hoeilaart. KBO
2020 ARLO became a director. NBB
2020 JL SQUARE became a director. NBB
2020 SPORTS VENTURES became a director. NBB

In short

From € 381,200 loss in 2022 to € 420,868 profit in 2025.

Paid € 635 in corporate taxes since 2022.

Best year ever: 2025, with € 420,868 profit.

Pays suppliers within 65 days on average.

Original PDFs at the National Bank ↗

Management

Ping Invest 33.3%

Naoshima 33.3%

JLH Invest 33.3%

The stake of Ping Invest, Naoshima, JLH Invest comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

MATHIMMO

LE REPOS 100%

RLE INVEST 100%

BOUCHERIE MAGEROTTE 100%

KO IMMO 92.8%

The shares are held by Ping Invest (33.3%), Naoshima (33.3%) and JLH Invest (33.3%). It owns 100% of LE REPOS, 100% of RLE INVEST, 100% of BOUCHERIE MAGEROTTE, 92.8% of KO IMMO, 80% of TERO BAKERY and 50% of ARTONE itself.