Financials
Financial year 2025
MATHO from Waasmunster, company number BE0450841548, closed financial year 2025 with a result of € 336,924 after tax. For that financial year MATHO recorded a gross margin of € 294,069 and equity of € 1.6 million. Compared with financial year 2024, the result moved from € 359,468 to € 336,924. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on December 22, 2025.
€ 1.6 million
▲ 26% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 336,924
▼ 6% vs 2024
Profit after tax over the fiscal year.
€ 214,397
▲ € 179,242 vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 1.5 million.
People and assets in 2025
€ 1,975
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 2.2 million
▼ 7% vs 2024
€ 154,801 is repaid this year. At this pace the long-term loan is gone in ≈ 14 years.
€ 40,407
▲ € 35,787 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 83,725
▼ 3% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 151,057 | € 159,671 | € 291,357 | € 294,069 | ▲ 1% |
| Profit after taxes | € 47,839 | € 383,880 | € 359,468 | € 336,924 | ▼ 6% |
| Equity | € 529,166 | € 913,045 | € 1,272,513 | € 1,609,437 | ▲ 26% |
| Total debts | € 3,004,571 | € 2,742,568 | € 2,477,401 | € 2,353,625 | ▼ 5% |
| Cash | € 115,741 | € 58,062 | € 35,155 | € 214,397 | ▲ € 179,242 |
| Land & buildings | € 211,848 | € 199,997 | € 499,763 | € 708,741 | ▲ 42% |
| Retained profit | € 405,166 | € 789,045 | € 1,148,513 | € 1,485,437 | ▲ 29% |
| Bank debt | € 2,631,618 | € 2,476,817 | € 2,322,016 | € 2,167,215 | ▼ 7% |
| Balance sheet total | € 3,533,737 | € 3,655,614 | € 3,749,915 | € 3,963,062 | ▲ 6% |
Key figures of MATHO, 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 January 2027.
What happened to MATHO?
What happened at MATHO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 336,924 (▼ 6% vs 2024). Source: NBB ↗
- New establishment in Waasmunster. KBO
- Start of the company according to the CBE. KBO
In short
From € 47,839 profit in 2022 to € 336,924 profit in 2025.
Paid € 225,778 in corporate taxes since 2022.
Best year ever: 2023, with € 383,880 profit.
Management
Behind MATHO is BART SAELEN. It owns 99.5% of IMMOCEL FRANCE SCI itself.
Establishments
Establishment units
Physical locations of this company
Fortenstraat 58
9250 Waasmunster
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
- 0450.841.548
- VAT number
- BE 0450.841.548
- Registered office
- Fortenstraat 58, 9250 Waasmunster
- Names & denominations
- MATHO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 3 September 1993
- Peppol
- Active · Active since 16 Oct 2025
- Activities · NACE
Handelsbemiddeling in de groothandel in andere specifieke goederen
Handelsbemiddeling gespecialiseerd in overige goederen, n.e.g.