INTERMATH
ActiveThe computed 12-month bankruptcy probability of INTERMATH is 2.3% (moderate). The 2024 annual accounts show negative equity (€-14k) and a net result of €-16k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 36384 sector peers (fiscal year 2024). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
15
/ 100
Critical▲ +8 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+100
Solvency33▲+18
Growth22=
Stability100
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.36 against 0.97 in 2023), and equity is negative.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-143.8%
Return on assets
-157.6%
Age of the figures
20 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
Equity is negative for financial year 2024: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€14k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-07-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
on the day
2023
30 d late
2022
61 d late
2021
30 d late
2020
108 d late
2019
28 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€82k▼ 27.0%
2018 · €113k
2018: €113k
2018 → 2019
EBIT margin
-20.1%▼ 22.6pp
2018 · 2.4%
2018: 2.4%
2018 → 2019
Net result
€-16k▲ 51.5%
2023 · €-32k
2018: €2k
2019: €-14k
2020: €-19k
2021: €1k
2022: €19k
2023: €-32k
2018 → 2024
Working capital
€-15k▼ 2,507%
2023 · €-581
2018: €33k
2019: €8k
2020: €11k
2021: €1k
2022: €10k
2023: €-581
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€14k-€15k▲ 9.6%€34k▲ 121%€1k▼ 95.9%€-14k
Operating result€-4k-€3k€20k▲ 590%€-32k€-15k▲ 52.1%
Net result€-19k-€1k€19k▲ 1,291%€-32k€-16k▲ 51.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €15k in 2024 against €32k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €10k
Fixed assets
€1k▼ 30.0%
Current assets
€9k▼ 52.1%
Key figures and ratios
EBITDA
€-15k▲
2023 · €-26k
Cash flow
€-15k▲
2023 · €-26k
Solvency
-143.8%▼
2023 · 6.9%
Current ratio
0.36▼
2023 · 0.97
Quick ratio
0.36▼
2023 · 0.97
Debt / equity
-1.70▼
2023 · 13.50
ROE
109.6%▲
2023 · -2360.0%
ROA
-157.6%▲
2023 · -162.7%
Interest coverage
-34.03▲
2023 · -170.59
Debt
€24k▲
2023 · €19k
Debt ≤ 1 year
€24k▲
2023 · €19k
Staff costs
€339▼
2023 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€20k€10k▼
Fixed assets21/28€2k€1k▼
Tangible fixed assets22/27€2k€1k▼
Land and buildings22€492€455▼
Plant, machinery and equipment23€1k€912▼
Furniture and vehicles24€302-
Current assets29/58€18k€9k▼
Amounts receivable after more than one year29€9k€9k=
Trade receivables290€9k€9k=
Amounts receivable within one year40/41€9k€5▼
Trade receivables40€2k-
Other amounts receivable41€7k€5▼
Cash at bank and in hand54/58€221€30▼
Equity and liabilities
Total equity and liabilities10/49€20k€10k▼
Equity10/15€1k€-14k▼
Contributions10/11€19k€19k=
Reserves13€14k€14k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€7k€7k=
Distributable reserves133€5k€5k=
Profit (loss) carried forward14€-31k€-47k▼
Amounts payable17/49€19k€24k▲
Amounts payable within one year42/48€19k€24k▲
Financial debts43€2k-
Credit institutions430/8€2k-
Trade debts44€2k€171▼
Suppliers440/4€2k€171▼
Advances received on contracts in progress46-€5k
Taxes, remuneration and social security45€5k-
Taxes450/3€5k-
Other amounts payable47/48€9k€19k▲
Accrued charges and deferred income492/3-€542
Income statement
Code20232024
Remuneration, social security and pensions62€1k€339▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€587▼
Other operating charges640/8€206€2k▲
Non-recurring operating charges66A€17k-
Gross operating margin9900€-8k€-13k▼
Operating profit (loss)9901€-32k€-15k▲
Financial income75/76B€1€194▲
Recurring financial income75€1€194▲
Financial charges65/66B€152€437▲
Recurring financial charges65€152€437▲
Profit (loss) for the period before taxes9903€-32k€-16k▲
Profit (loss) for the period9904€-32k€-16k▲
Profit (loss) for the period to be appropriated9905€-32k€-16k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-31k€-47k▼
Profit (loss) brought forward from the previous period14P€1k€-31k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €-32k ▼275%
Net result drops to €-32k, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 61 days late
2022
31-12
Financial
Highest result since 2018net €19k ▲1291%
Operating result €20k, net result €19k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Back to profitnet €1k
Net result €1k after 2 loss-making years.
16-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 108 days late
2020
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
03-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 3 days late
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
18-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Leopoldsburg · 1 establishment unit since 2010
Ground area
2,116 m²
Building footprint
224 m²
Volume, LiDAR
735 m³
Parcel 71023C0179/00B000, Flanders · tallest building 4.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
INTERMATH
since 20102.194.169.296
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71023C0179/00B000 | Flanders | 2,116 m² | 1 · 224 m² | 4.9 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 19,936 companies in sector 43320 we hold annual accounts for 9,021. 1,030 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded08-11-2010
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
42130Civil engineering
43240Other construction installation
43299Specialised construction activities
43332Laying of wooden floor and wall coverings
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 07-09-2026. Scores and ratios are computed by Checked and are not a credit decision.