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 19 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MATHEL from Knokke-Heist, company number BE0873707011, closed financial year 2025 with a result of € 69 after tax. For that financial year MATHEL recorded a gross margin of € 88,416 and equity of € 392,612. Compared with financial year 2024, the result moved from € 97 to € 69. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 26, 2026.
€ 392,612
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 69
▼ 28% vs 2024
Profit after tax over the fiscal year.
€ 37,159
▲ 33% 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 € 292,612.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
€ 618,598
▼ 11% vs 2024
€ 76,493 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 22,379
▲ 28% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 97
▼ 96% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
Want to see how much further we take a dossier in the Pro version? Open the free De Lijn example and give feedback →
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 354,232 | € 89,842 | € 89,582 | € 88,416 | ▼ 1% |
| Profit after taxes | € 240,784 | € 3,516 | € 97 | € 69 | ▼ 28% |
| Equity | € 388,930 | € 392,446 | € 392,543 | € 392,612 | |
| Total debts | € 1,234,855 | € 1,021,024 | € 973,831 | € 923,315 | ▼ 5% |
| Cash | € 61,287 | € 10,588 | € 27,870 | € 37,159 | ▲ 33% |
| Land & buildings | € 1,419,419 | € 1,362,325 | € 1,305,231 | € 1,260,733 | ▼ 3% |
| Retained profit | € 288,930 | € 292,446 | € 292,543 | € 292,612 | |
| Bank debt | € 858,461 | € 774,899 | € 692,636 | € 618,598 | ▼ 11% |
| Balance sheet total | € 1,623,785 | € 1,413,470 | € 1,366,374 | € 1,315,927 | ▼ 4% |
Key figures of MATHEL, 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 MATHEL?
What happened at MATHEL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 69 (▼ 28% vs 2024). filed late Source: NBB ↗
- New establishment in Knokke-Heist. KBO
- Start of the company according to the CBE. KBO
In short
From € 240,784 profit in 2022 to € 69 profit in 2025.
Paid € 1,927 in corporate taxes since 2022.
Best year ever: 2022, with € 240,784 profit.
A new publication or filing at MATHEL? We notify you, reason included.
Follow MATHELDatabakkes Pro
Know what changes at your customers, suppliers and competitors. Without reading an annual account.
- Follow them in one folder Every company in your folder gets this full dossier: household book, all fiscal years, benchmark against companies of the same size.
- We alert you, with the reason New annual account, Official Gazette publication or status change: you get what changed and where it says so.
- In bulk too, and in ChatGPT and Claude Upload your customer list and get the warning signs back per company. Or ask in your own AI assistant, with this register as the source.
Databakkes Pro is being built. Sign up now and you are first in line for an invitation, with a month to try without a credit card.
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 MATHEL are Mathel Group Comm V. and Marc Peeters. The shares are held by Ann Goethals, Mathel Group and Marc Peeters.
Directors
According to the 2025 annual accounts
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Duinenwater 4
8300 Knokke-Heist
Duinenwater 4TheTower box 4.95
8300 Knokke-Heist
Active since 10 May 2005
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
All companies at this address →SIGNUS
€ -17,874 gross margin · 2025
Mathelinvest same network
€ 1.2 million gross margin · 2025
Dipinvest
€ 73,391 gross margin · 2025
V-CONCEPT
LEBBINK NEUROLOGIE
€ 202,769 gross margin · 2025
+2 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0873.707.011
- VAT number
- BE 0873.707.011
- Registered office
- Duinenwater 4, 8300 Knokke-Heist
- Names & denominations
- MATHEL
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 May 2005
- Peppol
- Active · Active since 7 May 2025
- Activities · NACE
Ontwikkeling van residentiële bouwprojecten
Projectontwikkeling voor woningbouw
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen