Mathéline Engineering & Management
ActiveMathéline Engineering & Management has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €365k and a net result of €42k. Equity is growing by ~14.1% per year across the filed fiscal years. Its solvency ranks better than 44% of 2262 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
73
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability48▼-10
Solvency59=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 1.98 against 2.04 in 2024; short-term debt: 32.4% and cash: 60.4% of total assets), but 66% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
34%
Return on assets
3.9%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 10 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
10 d late
2024
28 d late
2023
5 d late
2022
10 d late
2021
8 d late
2020
12 d late
2019
7 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€42k▼ 35.2%
2024 · €65k
2018: €47k
2019: €29k
2020: €23k
2021: €36k
2022: €36k
2023: €27k
2024: €65k
2018 → 2025
Working capital
€342k▲ 25.7%
2024 · €272k
2018: €-14k
2019: €18k
2020: €66k
2021: €130k
2022: €152k
2023: €200k
2024: €272k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€220k-€254k▲ 15.8%€262k▲ 2.8%€325k▲ 24.1%€365k▲ 12.4%
Operating result€79k-€77k▼ 2.8%€72k▼ 5.8%€125k▲ 73.7%€103k▼ 17.8%
Net result€36k-€36k▼ 0.1%€27k▼ 24.6%€65k▲ 137%€42k▼ 35.2%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 18% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.07M
Fixed assets
€383k▼ 8.2%
Current assets
€690k▲ 29.3%
Equity and liabilities €1.07M
Equity
€365k▲ 12.4%
Provisions
€338k▼ 0.9%
Debt
€370k▲ 29.9%
The debt ratio rises from 30.0% to 34.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€139k▼
2024 · €161k
Cash flow
€78k▼
2024 · €101k
Solvency
34.0%▼
2024 · 34.2%
Current ratio
1.98▼
2024 · 2.04
Quick ratio
1.98▼
2024 · 2.04
Debt / equity
1.01▲
2024 · 0.88
ROE
11.5%▼
2024 · 19.9%
ROA
3.9%▼
2024 · 6.8%
Interest coverage
2.92▼
2024 · 3.69
Debt
€370k▲
2024 · €285k
Debt ≤ 1 year
€348k▲
2024 · €261k
Debt > 1 year
€22k▼
2024 · €23k
Income taxes
€16k▼
2024 · €17k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€951k€1.07M▲
Fixed assets21/28€417k€383k▼
Tangible fixed assets22/27€417k€383k▼
Land and buildings22€187k€173k▼
Plant, machinery and equipment23€33k€28k▼
Leasing and similar rights25€196k€181k▼
Financial fixed assets28€250€250=
Current assets29/58€533k€690k▲
Amounts receivable within one year40/41€32k€42k▲
Trade receivables40€32k€37k▲
Other amounts receivable41€45€5k▲
Cash at bank and in hand54/58€501k€648k▲
Equity and liabilities
Total equity and liabilities10/49€951k€1.07M▲
Equity10/15€325k€365k▲
Reserves13€2k€44k▲
Distributable reserves133€2k€44k▲
Profit (loss) carried forward14€310k€308k▼
Investment grants15€13k€13k=
Provisions and deferred taxes16€341k€338k▼
Provisions for liabilities and charges160/5€341k€338k▼
Pensions and similar obligations160€341k€338k▼
Amounts payable17/49€285k€370k▲
Amounts payable after more than one year17€23k€22k▼
Financial debts170/4€23k€22k▼
Amounts payable within one year42/48€261k€348k▲
Current portion of amounts payable after more than one year42€1k€1k▲
Trade debts44€5k€5k▲
Suppliers440/4€5k€5k▲
Taxes, remuneration and social security45€14k€16k▲
Taxes450/3€14k€16k▲
Other amounts payable47/48€241k€325k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36k€36k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€-3k€-3k=
Other operating charges640/8€4k€4k▲
Gross operating margin9900€162k€140k▼
Operating profit (loss)9901€125k€103k▼
Financial income75/76B-€3k
Recurring financial income75-€3k
Financial charges65/66B€44k€47k▲
Recurring financial charges65€44k€47k▲
Profit (loss) for the period before taxes9903€81k€58k▼
Income taxes67/77€17k€16k▼
Profit (loss) for the period9904€65k€42k▼
Profit (loss) for the period to be appropriated9905€65k€42k▼
Appropriation of the result
Profit (loss) to be appropriated9906€312k€352k▲
Profit (loss) brought forward from the previous period14P€247k€310k▲
Transfer to equity691/2-€42k
To the legal reserve6920-€42k
Profit to be distributed694/7€2k€2k=
Return on contributions (dividend)694€2k€2k=
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 10 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 28 days late
2024
31-12
Financial
Highest result since 2018net €65k ▲137%
Operating result €125k, net result €65k, both a record.
05-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 5 days late
2023
10-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 10 days late
2022
08-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 8 days late
2021
31-12
Financial
Equity above €200kEq €220k ▲22.9%
4 profitable years in a row build equity to €220k.
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 12 days late
2020
31-12
Financial
Weakest financial yearnet €23k ▼22.3%
Net result drops to €23k, the lowest in the series; recovery starts the following year.
07-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 7 days late
2019
31-12
Financial
Equity above €150kEq €158k ▲21.2%
2 profitable years in a row build equity to €158k.
01-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 1 day late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Hannut · 1 establishment unit since 2009
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue Jérôme Lambrechts 64280 HannutGround area
1,630 m²
Building footprint
111 m²
Volume, LiDAR
999 m³
Parcel 64042A0291/00D002, Wallonia · tallest building 10.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MATHELINE ENGINEERING & MANAGEMENT
since 20092.182.088.541
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64042A0291/00D002 | Wallonia | 1,630 m² | 1 · 111 m² | 10.4 m · 3 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteHannut2.182.088.541
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Of 24,505 companies in sector 82990 we hold annual accounts for 9,396. 6,298 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-09-2009
Fiscal year end31-12
Abbreviation FR
Mathéline
Trade name FR
Mathéline
Activities, NACEBEL
82990Other business support services
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
70200Business and other management consultancy
70220Business consulting
73200Market research and public opinion polling
85599Other education
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.matheline.be
E-mail:info@matheline.be