Financials
Financial year 2025
MATHAN from Aalst, company number BE0865489527, closed financial year 2025 with a result of € 111,102 after tax. For that financial year MATHAN recorded a gross margin of € 212,574 and equity of € 594,535. Compared with financial year 2024, the result moved from € 46,156 to € 111,102. 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 January 29, 2026.
€ 594,535
▲ 20% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 111,102
▲ 141% vs 2024
Profit after tax over the fiscal year.
€ 99,364
▲ 162% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 12,000 paid out
11 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 32,407
▲ 147% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 5,181
▼ 26% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 346,919
▼ 10% vs 2024
€ 32,630 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 2,132
▼ 32% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 19,125
▲ 84% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 105,686 | € 115,356 | € 115,614 | € 212,574 | ▲ 84% |
| Profit after taxes | € 3,602 | € 11,368 | € 46,156 | € 111,102 | ▲ 141% |
| Equity | € 437,909 | € 449,277 | € 495,433 | € 594,535 | ▲ 20% |
| Total debts | € 459,984 | € 540,221 | € 466,882 | € 435,732 | ▼ 7% |
| Cash | € 36,416 | € 75,112 | € 37,885 | € 99,364 | ▲ 162% |
| Land & buildings | € 370,769 | € 464,215 | € 478,448 | € 467,096 | ▼ 2% |
| Retained profit | € 387,909 | € 399,277 | € 445,433 | € 544,535 | ▲ 22% |
| Dividend | € 0 | € 0 | € 0 | € 12,000 | |
| Bank debt | € 350,302 | € 434,282 | € 384,090 | € 346,919 | ▼ 10% |
| Balance sheet total | € 941,484 | € 1,033,089 | € 1,005,906 | € 1,073,858 | ▲ 7% |
Key figures of MATHAN, 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 MATHAN?
What happened at MATHAN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 111,102 (▲ 141% vs 2024). Source: NBB ↗
- Start of the company according to the CBE. KBO
- New establishment in Aalst. KBO
- Christel Rita Nuelant became a director. NBB
- Peter Pieters became a director. NBB
In short
From € 3,602 profit in 2022 to € 111,102 profit in 2025.
Paid € 92,994 in corporate taxes since 2022.
Best year ever: 2025, with € 111,102 profit.
Paid out € 12,000 in dividends to the owners in total.
Management
Behind MATHAN are Christel Rita Nuelant and Peter Pieters.
Directors
According to the 2025 annual accounts
Christel Rita Nuelant
Director
since 2004
Peter Pieters
Director
since 2004
Establishments
Establishment units
Physical locations of this company
Gevergemveldbaan 19
9310 Aalst
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0865.489.527
- VAT number
- BE 0865.489.527
- Registered office
- Gevergemveldbaan 19, 9310 Aalst
- Names & denominations
- MATHAN
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 27 May 2004
- Peppol
- Active · Active since 12 Jan 2026
- Activities · NACE
Detailhandel in dranken, algemeen assortiment
Groothandel in wijnen en geestrijke dranken
Detailhandel in alcoholische en andere dranken