Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 4 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MATHAL from Aalst, company number BE0456298292, closed financial year 2025 with a result of € 33,801 after tax. For that financial year MATHAL recorded a gross margin of € 207,670 and equity of € 1.6 million. Compared with financial year 2024, the result moved from € -68,746 to € 33,801. Profitable, and profit is growing. 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 May 20, 2026.
€ 1.6 million
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 33,801
▲ still € 68,746 loss in 2024
Profit after tax over the fiscal year.
€ 21,347
▼ 60% 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 € 151,632.
Debts at end 2025
€ 272,839
▼ 21% vs 2024
€ 63,458 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 3,010
▼ 55% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 12,740
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 | € 172,761 | € 192,980 | € 169,773 | € 207,670 | ▲ 22% |
| Profit after taxes | € 19,980 | € 2,001 | € -68,746 | € 33,801 | ▲ € 102,547 |
| Equity | € 1,584,576 | € 1,586,577 | € 1,517,831 | € 1,551,632 | ▲ 2% |
| Total debts | € 1,500,759 | € 1,427,841 | € 1,225,860 | € 1,149,361 | ▼ 6% |
| Cash | € 27,506 | € 37,020 | € 53,300 | € 21,347 | ▼ 60% |
| Land & buildings | € 2,997,795 | € 2,917,622 | € 2,664,081 | € 2,658,247 | |
| Retained profit | € 184,576 | € 186,577 | € 117,831 | € 151,632 | ▲ 29% |
| Bank debt | € 613,357 | € 503,041 | € 345,207 | € 272,839 | ▼ 21% |
| Balance sheet total | € 3,085,334 | € 3,014,418 | € 2,743,691 | € 2,700,993 | ▼ 2% |
Key figures of MATHAL, 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 MATHAL?
What happened at MATHAL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Nadine Rubbrecht stepped down as director. NBB
- Jan Rubbrecht stepped down as director. NBB
- Brigitte Rubbrecht stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 33,801. Source: NBB ↗
- Nadine Rubbrecht became a director. NBB
- Jan Rubbrecht became a director. NBB
- Brigitte Rubbrecht became a director. NBB
- New establishment in Aalst. KBO
In short
From € 19,980 profit in 2022 to € 33,801 profit in 2025.
Paid € 14,778 in corporate taxes since 2022.
Best year ever: 2025, with € 33,801 profit.
Management
Directors
According to the 2025 annual accounts
Nadine Rubbrecht
Director
since 2024 · until 2028
Jan Rubbrecht
Director
since 2022 · until 2028
Brigitte Rubbrecht
Director
since 2022 · until 2028
Establishments
Establishment units
Physical locations of this company
Nieuwbeekstraat 35
9300 Aalst
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
- 0456.298.292
- VAT number
- BE 0456.298.292
- Registered office
- Nieuwbeekstraat 35, 9300 Aalst
- Names & denominations
- MATHAL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 17 October 1995
- Peppol
- Active · Active since 2 Jul 2025