MEMATH
ActiveMEMATH is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €816k and a net result of €2k. Equity remains stable across the filed fiscal years (±2% per year). Its solvency ranks better than 48% of 2793 sector peers (fiscal year 2024). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Growing equity
Equity grew over 2022-2024. Profits are largely retained rather than distributed.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €816k
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 24-06-2025, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
37 d early
2023
35 d early
2022
27 d early
2021
27 d early
2020
18 d early
2019
22 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Equity
€816k▲ 0.3%
2023 · €813k
2018: €711k
2019: €750k
2020: €765k
2021: €729k
2022: €681k
2023: €813k
2018 → 2024
Net result
€2k▼ 98.1%
2023 · €133k
2018: €33k
2019: €39k
2020: €15k
2021: €14k
2022: €52k
2023: €133k
2018 → 2024
Total assets
€1.47M▲ 13.2%
2023 · €1.30M
2018: €1.00M
2019: €1.05M
2020: €1.06M
2021: €1.08M
2022: €1.14M
2023: €1.30M
2018 → 2024
Solvency
55.6%▼ 7.1pp
2023 · 62.7%
2018: 70.9%
2019: 71.3%
2020: 71.9%
2021: 67.5%
2022: 59.6%
2023: 62.7%
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€0€0
Equity€765k-€729k▼ 4.7%€681k▼ 6.6%€813k▲ 19.5%€816k▲ 0.3%
Operating result€29k-€28k▼ 3.5%€18k▼ 35.2%€8k▼ 56.0%€15k▲ 97.1%
Net result€15k-€14k▼ 5.0%€52k▲ 272%€133k▲ 155%€2k▼ 98.1%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 97% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.47M
Fixed assets
€1.37M▲ 45.6%
Current assets
€101k▼ 71.8%
Equity and liabilities €1.47M
Equity
€816k▲ 0.3%
Debt
€652k▲ 34.8%
The debt ratio rises from 37.3% to 44.4%: debt grows faster than equity.
Key figures and ratios
Solvency
55.6%▼
2023 · 62.7%
ROE
0.3%▼
2023 · 16.3%
ROA
0.2%▼
2023 · 10.2%
Debt
€652k▲
2023 · €484k
Debt ≤ 1 year
€602k▲
2023 · €417k
Debt > 1 year
€43k▼
2023 · €57k
Income taxes
€1k▼
2023 · €14k
Staff costs
€38k▲
2023 · €36k
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€1.30M€1.47M▲
Formation expenses20€0€0=
Fixed assets21/28€939k€1.37M▲
Tangible fixed assets22/27€79k€507k▲
Land and buildings22-€446k
Furniture and vehicles24€79k€61k▼
Financial fixed assets28€860k€860k=
Current assets29/58€358k€101k▼
Amounts receivable within one year40/41€19k€79k▲
Trade receivables40€17k€75k▲
Other amounts receivable41€2k€4k▲
Cash at bank and in hand54/58€338k€21k▼
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€1.30M€1.47M▲
Equity10/15€813k€816k▲
Contributions10/11€430k€430k=
Reserves13€382k€384k▲
Non-distributable reserves130/1€0€20k▲
Reserves not available under the articles1311-€20k
Distributable reserves133€382k€364k▼
Profit (loss) carried forward14€2k€2k▲
Amounts payable17/49€484k€652k▲
Amounts payable after more than one year17€57k€43k▼
Financial debts170/4€57k€43k▼
Amounts payable within one year42/48€417k€602k▲
Current portion of amounts payable after more than one year42€14k€16k▲
Trade debts44€2k€56k▲
Suppliers440/4€2k€56k▲
Taxes, remuneration and social security45€28k€30k▲
Taxes450/3€19k€20k▲
Remuneration and social security454/9€9k€10k▲
Other amounts payable47/48€374k€500k▲
Accrued charges and deferred income492/3€9k€8k▼
Income statement
Code20232024
Turnover70€0€0=
Goods, raw materials, services and sundry goods60/61€0€0=
Remuneration, social security and pensions62€36k€38k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€26k▲
Other operating charges640/8€960€968▲
Gross operating margin9900€55k€81k▲
Operating profit (loss)9901€8k€15k▲
Financial income75/76B€150k-
Recurring financial income75€150k-
Financial charges65/66B€12k€12k▲
Recurring financial charges65€12k€12k▲
Profit (loss) for the period before taxes9903€146k€4k▼
Income taxes67/77€14k€1k▼
Profit (loss) for the period9904€133k€2k▼
Profit (loss) for the period to be appropriated9905€133k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€135k€4k▼
Profit (loss) brought forward from the previous period14P€2k€2k▲
Transfer to equity691/2€133k€2k▼
To other reserves6921€133k€2k▼
Social balance
Average headcount (FTE)90870.50.5=
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €2k ▼98.1%
Net result drops to €2k, the lowest in the series.
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €133k ▲155%
Net result €133k, the highest in the series.
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
07-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
01-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Visé · 1 establishment unit since 2014
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 de la Croix(LIX) 14600 ViséGround area
733 m²
Building footprint
136 m²
Volume, LiDAR
874 m³
Parcel 62065B0586/00X000, Wallonia · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MEMATH
since 20142.225.792.583
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62065B0586/00X000 | Wallonia | 733 m² | 1 · 136 m² | 8.0 m · 2 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.
Similar companies · same sector, comparable size
EX-Lent
BE 0821.797.361
Geel · Eq €816k
ALPHASEED
BE 0734.906.147
Brussel · Eq €816k
LOVACO
BE 0888.295.118
Sint-Martens-Latem · Eq €816k
FIRI
BE 0875.569.114
Dendermonde · Eq €816k
GEREMI INVEST
BE 0816.873.127
Hooglede · Eq €817k
Of 24,636 companies in sector 64210 we hold annual accounts for 19,688. 13,093 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded31-12-2013
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
70200Business and other management consultancy
70220Business consulting
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.