What is the address of MATHECO?

The registered office of MATHECO is located at Kwatrechtsteenweg 144 C, 9230 Wetteren.

Is MATHECO still active?

Yes. According to the CBE (30 October 2026) MATHECO is active, legal situation “Normale toestand”, started on 13 August 2001.

Is MATHECO registered on Peppol?

Yes, MATHECO is registered on the Peppol network with ID 0208:0475464306.

What is the enterprise number of MATHECO?

The enterprise number of MATHECO is BE0475464306.

When was MATHECO founded?

MATHECO was founded on 13 August 2001.

Who are the directors of MATHECO?

According to the 2025 annual accounts, the directors of MATHECO are: Ludovic GASNIER, Emmanuel HERVE.

Is MATHECO a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 13 August 2001; 5 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account; 2 establishments in the CBE.

How much profit did MATHECO make in 2025?

MATHECO posted a profit after taxes of € 16,742 in financial year 2025.

What is the revenue of MATHECO?

As a small company, MATHECO is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 2,144,078.

How much does an employee at MATHECO earn?

The average wage cost per full-time employee at MATHECO was € 79,600 in 2025: staff costs of € 1.9 million for 23.3 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does MATHECO have?

According to the 2025 annual accounts, MATHECO has 23.3 full-time equivalents (FTE).

MATHECO (Private Limited) - Wetteren - BE0475464306

Q: What does MATHECO do?

MATHECO is registered with the CBE as active in: Installatie van verwarming, klimaatregeling en ventilatie. Private Limited, started on 13 August 2001, 2 establishments.

Dossier MATHECO, printed on 30 October 2026 from databakkes.be/en/0475464306/matheco. 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.

Tight liquidity NBB

Cash and receivables cover 60 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

MATHECO from Wetteren, company number BE0475464306, closed financial year 2025 with a result of € 16,742 after tax. For that financial year MATHECO recorded a gross margin of € 2.1 million and equity of € 485,741. Compared with financial year 2024, the result moved from € 453 to € 16,742. 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 June 19, 2026.

What it is worth Growing

€ 485,741

▲ 4% vs 2024

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

Profit Growing

€ 16,742

▲ € 16,289 vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 143,014

▼ 1% 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 € 324,491.

People and assets in 2025

Full-time equivalents

23.3

▲ 5.2 vs 2024

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

Wage cost

€ 1.9 million

▲ 37% vs 2024

€ 79,600 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.

Vehicles and equipment

€ 360,407

▲ 22% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 4 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.

€ 102,731

▼ 21% vs 2024

€ 28,598 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.

Owed to suppliers

€ 581,212

▲ 33% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 256,115

▲ 14% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2023	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 1,082,408 Gross margin 2023: € 1,082,408 First fiscal year in the series	€ 918,630 Gross margin 2023: € 918,630 ▼ 15% vs 2023 (€ 1,082,408) Unfavourable step	€ 1,505,159 Gross margin 2024: € 1,505,159 ▲ 64% vs 2023 (€ 918,630) Favourable step	€ 2,144,078 Gross margin 2025: € 2,144,078 ▲ 42% vs 2024 (€ 1,505,159) Favourable step	▲ 42%
Profit after taxes	€ 40,479 Profit after taxes 2023: € 40,479 First fiscal year in the series	€ -64,980 Profit after taxes 2023: € -64,980 ▼ € 105,459 vs 2023 (€ 40,479) Unfavourable step	€ 453 Profit after taxes 2024: € 453 ▲ € 65,434 vs 2023 (€ -64,980) Favourable step	€ 16,742 Profit after taxes 2025: € 16,742 ▲ € 16,289 vs 2024 (€ 453) Favourable step	▲ € 16,289
Equity	€ 533,525 Equity 2023: € 533,525 First fiscal year in the series	€ 468,545 Equity 2023: € 468,545 ▼ 12% vs 2023 (€ 533,525) Unfavourable step	€ 468,998 Equity 2024: € 468,998 Unchanged (€ 468,545) Favourable step	€ 485,741 Equity 2025: € 485,741 ▲ 4% vs 2024 (€ 468,998) Favourable step	▲ 4%
Total debts	€ 1,245,481 Total debts 2023: € 1,245,481 First fiscal year in the series	€ 1,047,471 Total debts 2023: € 1,047,471 ▼ 16% vs 2023 (€ 1,245,481) Favourable step	€ 1,234,125 Total debts 2024: € 1,234,125 ▲ 18% vs 2023 (€ 1,047,471) Unfavourable step	€ 1,231,718 Total debts 2025: € 1,231,718 Unchanged (€ 1,234,125) Favourable step
Cash	€ 116,129 Cash 2023: € 116,129 First fiscal year in the series	€ 191,665 Cash 2023: € 191,665 ▲ 65% vs 2023 (€ 116,129) Favourable step	€ 143,942 Cash 2024: € 143,942 ▼ 25% vs 2023 (€ 191,665) Unfavourable step	€ 143,014 Cash 2025: € 143,014 ▼ 1% vs 2024 (€ 143,942) Unfavourable step	▼ 1%
Land & buildings	€ 346,718 Land & buildings 2023: € 346,718 First fiscal year in the series	€ 334,300 Land & buildings 2023: € 334,300 ▼ 4% vs 2023 (€ 346,718) Unchanged	€ 317,743 Land & buildings 2024: € 317,743 ▼ 5% vs 2023 (€ 334,300) Unchanged	€ 307,209 Land & buildings 2025: € 307,209 ▼ 3% vs 2024 (€ 317,743) Unchanged	▼ 3%
Retained profit	€ 372,275 Retained profit 2023: € 372,275 First fiscal year in the series	€ 307,295 Retained profit 2023: € 307,295 ▼ 17% vs 2023 (€ 372,275) Unfavourable step	€ 307,748 Retained profit 2024: € 307,748 Unchanged (€ 307,295) Favourable step	€ 324,491 Retained profit 2025: € 324,491 ▲ 5% vs 2024 (€ 307,748) Favourable step	▲ 5%
Bank debt	€ 201,048 Bank debt 2023: € 201,048 First fiscal year in the series	€ 171,420 Bank debt 2023: € 171,420 ▼ 15% vs 2023 (€ 201,048) Favourable step	€ 130,745 Bank debt 2024: € 130,745 ▼ 24% vs 2023 (€ 171,420) Favourable step	€ 102,731 Bank debt 2025: € 102,731 ▼ 21% vs 2024 (€ 130,745) Favourable step	▼ 21%
Balance sheet total	€ 1,779,006 Balance sheet total 2023: € 1,779,006 First fiscal year in the series	€ 1,516,016 Balance sheet total 2023: € 1,516,016 ▼ 15% vs 2023 (€ 1,779,006) Unchanged	€ 1,708,023 Balance sheet total 2024: € 1,708,023 ▲ 13% vs 2023 (€ 1,516,016) Unchanged	€ 1,724,859 Balance sheet total 2025: € 1,724,859 ▲ 1% vs 2024 (€ 1,708,023) Unchanged	▲ 1%
Employees (FTE)	12.7 Employees (FTE) 2023: 12.7 First fiscal year in the series	15 Employees (FTE) 2023: 15 ▲ 2.3 vs 2023 (12.7) Unchanged	18.1 Employees (FTE) 2024: 18.1 ▲ 3.1 vs 2023 (15) Unchanged	23.3 Employees (FTE) 2025: 23.3 ▲ 5.2 vs 2024 (18.1) Unchanged	▲ 5.2

Key figures of MATHECO, fiscal years 2023 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 MATHECO?

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

Jun 19, 2026 New annual accounts for financial year 2025: profit of € 16,742 (▲ € 16,289 vs 2024). Source: NBB ↗
Jan 1, 2025 New establishment in Aarschot. KBO
2023 Ludovic GASNIER became a director. NBB
2023 Emmanuel HERVE became a director. NBB
Nov 9, 2001 New establishment in Wetteren. KBO
Aug 13, 2001 Start of the company according to the CBE. KBO

In short

From € 40,479 profit in 2023 to € 16,742 profit in 2025.

Paid € 67,560 in corporate taxes since 2023.

Best year ever: 2023, with € 40,479 profit.

On average € 92,000 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

PELZER S.A. 100%

MATHECO

Behind MATHECO are Ludovic GASNIER and Emmanuel HERVE. The shares are held by PELZER S.A. (100%).

Directors

According to the 2025 annual accounts

Ludovic GASNIER

Director

Also active at: PELZER

since 2023

Emmanuel HERVE

Director

Also active at: PELZER VLAANDEREN, PELZER

since 2023

Shareholders

PELZER S.A.

100%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Kwatrechtsteenweg 144 C

9230 Wetteren

2.116.689.656

Kwatrechtsteenweg 144 box C

9230 Wetteren

Active since 9 November 2001

2.368.645.572

Nijverheidslaan 1 box 1.4

3200 Aarschot

Active since 1 January 2025

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0475.464.306

VAT number

BE 0475.464.306

Registered office

Kwatrechtsteenweg 144 C, 9230 Wetteren

Names & denominations

MATHECO

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

13 August 2001

Peppol

Active · Active since 9 Feb 2026

Activities · NACE

Installatie van verwarming, klimaatregeling en ventilatie

Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit

Vervaardiging van machines en apparaten voor klimaatregeling, voor niet-huishoudelijk gebruik

Vervaardiging van uitrusting voor de koeltechniek en klimaatregeling, voor niet-huishoudelijk gebruik

View on CBE Public ↗ Annual accounts (NBB) ↗

MATHECO

Warning lights

Financials

What happened to MATHECO?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Details

Frequently asked questions