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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Tight liquidity NBB
Cash and receivables cover 41 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MATHILO from Merelbeke-Melle, company number BE0691726301, closed financial year 2025 with a result of € 262,776 after tax. For that financial year MATHILO recorded a gross margin of € 364,662 and equity of € 488,067. Compared with financial year 2024, the result moved from € 68,807 to € 262,776. Profitable, and profit is growing. 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 January 13, 2026.
€ 488,067
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 262,776
▲ 282% vs 2024
Profit after tax over the fiscal year.
€ 114,133
▼ 47% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 262,776 paid out
100 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 7,984
▼ 63% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 108,882
▼ 10% vs 2024
€ 11,839 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 4,980
▲ 58% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 62,470
▲ 87% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 188,466 | € 232,278 | € 111,720 | € 364,662 | ▲ 226% |
| Profit after taxes | € 122,123 | € 158,904 | € 68,807 | € 262,776 | ▲ 282% |
| Equity | € 574,772 | € 419,260 | € 488,067 | € 488,067 | |
| Total debts | € 196,866 | € 162,462 | € 164,347 | € 449,152 | ▲ 173% |
| Cash | € 461,103 | € 168,690 | € 217,312 | € 114,133 | ▼ 47% |
| Land & buildings | € 203,106 | € 194,994 | € 186,882 | € 178,770 | ▼ 4% |
| Retained profit | € 544,772 | € 389,260 | € 458,067 | € 458,067 | |
| Dividend | € 0 | € 314,416 | € 0 | € 262,776 | |
| Bank debt | € 143,152 | € 131,933 | € 120,511 | € 108,882 | ▼ 10% |
| Balance sheet total | € 771,638 | € 581,722 | € 652,414 | € 937,219 | ▲ 44% |
Key figures of MATHILO, 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 April 2027.
What happened to MATHILO?
What happened at MATHILO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 262,776 (▲ 282% vs 2024). Source: NBB ↗
- New establishment in Merelbeke-Melle. KBO
- Jurgen Dendooven became a director. NBB
- Els Haeck became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 122,123 profit in 2022 to € 262,776 profit in 2025.
Paid € 186,384 in corporate taxes since 2022.
Best year ever: 2025, with € 262,776 profit.
Paid out € 577,192 in dividends to the owners in total.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind MATHILO are Jurgen Dendooven and Els Haeck. It owns 8.3% of H4PE Oracle and 8.3% of H4PE Privak itself.
Directors
According to the 2025 annual accounts
Jurgen Dendooven
Director
since 2018
Els Haeck
Director
Also active at: The Big Smile Company, ARE², Oostende Stadion, BANN, SnowWorld International, Real Estate Durbuy
since 2018
Establishments
Establishment units
Physical locations of this company
Tivoli 30A
9820 Merelbeke-Melle
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0691.726.301
- VAT number
- BE 0691.726.301
- Registered office
- Tivoli 30A, 9820 Merelbeke-Melle
- Names & denominations
- MATHILO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 5 March 2018
- Peppol
- Active · Active since 13 Jun 2025
- Activities · NACE
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