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MACHIELS BUILDING SOLUTIONS

Active
Public limited companyfounded 2009active for 17 yearsEkkelgaarden 16, 3500 Hasselt, BelgiumKBO/BCE: BE 0816.885.696
Summary

The annual accounts of MACHIELS BUILDING SOLUTIONS for financial year 2025 show a net loss of 50% of the equity at the start of that year. The 2025 annual accounts show equity of €1.5m and a net result of -€1.5m. Equity has been shrinking by about 8.1% per year since 2018. Its solvency ranks better than 15% of 173 sector peers (NACE 16, financial year 2025). The company has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.9% (low).

Overview

Official details

Source: KBO
Status
Active since 07-07-2009 Normal situation
Registered office
40 active companies are registered at this address 3 started in the 12 months before. Source: KBO register, as of 4 November 2026.
Activity
Manufacture of other builders' carpentry and joinery NACE 16230and 2 others
Joint committee
126 Paritair Comité voor de stoffering en de houtbewerking · annual accounts 2024
Establishment unit
2.241.736.118 3600 Genk, since 01-04-2015
Financial year end
31 December
Peppol
Reachable since 25-09-2025

Board and ownership

Board
  • Jemi Consult BVChair · permanent representative Louis MACHIELS
  • Befas BVDirector · since 01-09-2023 · permanent representative Fabienne SOETAERS
  • Tom Melotte BVDirector · since 01-12-2025
Auditor
BV VAN HAVERMAET BEDRIJFSREVISOREN
Shareholders

Financial position

54 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
0.9%
Annual accounts 2025
Turnover
€15.1m
▲ 46.0%
Loss
€1.5m
▲ 121%
Equity
€1.5m
▼ 50.1%
Total assets
€7.8m
▼ 54.1%
Employees on 31-12-2025
54
▼ 1.8%
  • 2025 accounts filed 4 days after the deadline
Score breakdownraises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearLoss of €1.5m, the second in a row (financial year 2025)Sector: Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16)Equity €1.5m (19.5% of total assets)lowers riskLegal form: public limited companyShow the evidence

Checked score

Score 2025
54 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 25% of all companies
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Weak
Solvency 44+1
equity 19.5% of total assets
Liquidity 20-2
short-term debt 75.6% · cash 8.8%
Profitability 0-9
return on assets -19.5%
Bankruptcy probability within 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%

About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (25 companies, NACE 16, medium-sized)
Last 24 months 12-2024: 0.4% 01-2025: 0.4%● unchanged vs 12-2024 02-2025: 0.4%● unchanged vs 01-2025lowest value 03-2025: 0.4%● unchanged vs 02-2025 04-2025: 0.5%▲ +0.1 percentage points vs 03-2025 05-2025: 0.5%● unchanged vs 04-2025 06-2025: 0.5%● unchanged vs 05-2025 07-2025: 0.7%▲ +0.2 percentage points vs 06-2025 08-2025: 1.0%▲ +0.3 percentage points vs 07-2025 09-2025: 1.3%▲ +0.3 percentage points vs 08-2025 10-2025: 0.7%▼ -0.6 percentage points vs 09-2025 11-2025: 0.7%● unchanged vs 10-2025 12-2025: 0.7%● unchanged vs 11-2025 01-2026: 0.7%● unchanged vs 12-2025 02-2026: 0.7%● unchanged vs 01-2026 03-2026: 0.7%● unchanged vs 02-2026 04-2026: 0.8%▲ +0.1 percentage points vs 03-2026 05-2026: 0.8%● unchanged vs 04-2026 06-2026: 0.8%● unchanged vs 05-2026 07-2026: 0.8%● unchanged vs 06-2026 08-2026: 1.4%▲ +0.6 percentage points vs 07-2026highest value 09-2026: 0.9%▼ -0.5 percentage points vs 08-2026 10-2026: 0.9%● unchanged vs 09-2026 11-2026: 0.9%● unchanged vs 10-2026
Credit of up to €80,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is tight, with a current ratio of 1.1 (1.69 in 2024), below the usual 1.5. Short-term debt is 75.6% and cash 8.8% of total assets. 80.5% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (all companies). It does better than 31% of them on solvency, 16% on liquidity, 4% on profitability and 49% on growth.

The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Seven signals.
lowers riskraises risk
raises risk · Loss of €1.5m, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Sector: Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16)
KBO
raises risk · Equity €1.5m (19.5% of total assets)
NBB · annual accounts
lowers risk · Legal form: public limited company
KBO
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€1.5m
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 173 sector peers (2025).
NBB · sector comparison
Position among 173 sector peers
Solvency
better than 15%
← weakest strongest →
raises risk · 2025 accounts filed 4 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-08-2026, 4 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
4 days late
2024
29 days late
2023
138 days early
2022
30 days late
2021
8 days late
2020
13 days late
2019
14 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 6 days before the deadline. In the sector (NACE 16), the median for financial year 2024 was 3 days before the deadline, and 37% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 8 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Caution: Result fell in 2025from -€686,519 to -€1.5m ▼ 121% View
  • Caution: Lower net result than 95% of companies in wood and corksector median €50,439 · 174 companies -€1.5m View
  • Caution: 2 loss-making years in a rowloss in financial year 2025 -€1.5m View
  • Board changedlatest change 01-12-2025 · 3 in office 1 joined · 1 left View
  • Flemish supportawarded from 2022 to 2025 €89,202 View

Recent changes

  1. · Gazette deed Reappointment: Van Havermaet Bedrijfsrevisoren BV (statutory auditor)Permanent representatives: Schraepen Philippe and Louis Machiels
  2. · Gazette deed 1 director appointed, 1 director resigningResignation: Pampelonne BV (director) · Permanent representatives: Marieke Meugens and Tom Melotte · Appointment: Tom Melotte BV (director)
  3. · Gazette deed Miscellaneous
All 51 events

Comparable companies

These companies have the same main activity as MACHIELS BUILDING SOLUTIONS: manufacture of other builders' carpentry and joinery (NACE 16230). They are comparable in size and age: total assets between €9.4m and €21m, founded between 1996 and 2009.

CompanyTotal assetsTurnover
MACHIELS BUILDING SOLUTIONS Hasselt€7.8m€15.1m
CHIMSCO Gedinne€10.7m€13.2m
SOLID Spiere-Helkijn€10.2m€11.8m
WINLOCK SYSTEMS Lokeren€13.6m€22.3m
STRUCTUREWOOD Marche-en-Famenne€21.0m€24.3m
ARBONY Flémalle€16.2m€14.3m
OSTYN FACILITIES Mouscron€9.4m€10.4m
Full comparison

Key facts about MACHIELS BUILDING SOLUTIONS

What is the company number of MACHIELS BUILDING SOLUTIONS?
The company number of MACHIELS BUILDING SOLUTIONS is 0816.885.696. The VAT number is the same number with BE in front: BE 0816.885.696.
Where is MACHIELS BUILDING SOLUTIONS based?
The registered office is at Ekkelgaarden 16, 3500 Hasselt.Company details
What does MACHIELS BUILDING SOLUTIONS do?
According to the KBO register, the main activity is manufacture of other builders' carpentry and joinery (NACE 16230).
What is the legal form of MACHIELS BUILDING SOLUTIONS?
The legal form of MACHIELS BUILDING SOLUTIONS is Public limited company (NV).
When was MACHIELS BUILDING SOLUTIONS founded?
MACHIELS BUILDING SOLUTIONS was founded on 07-07-2009.
Is MACHIELS BUILDING SOLUTIONS still active?
Yes, MACHIELS BUILDING SOLUTIONS is an active enterprise in the KBO register.
How many employees does MACHIELS BUILDING SOLUTIONS have?
MACHIELS BUILDING SOLUTIONS had an average of 53.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does MACHIELS BUILDING SOLUTIONS fall under?
In its 2024 annual accounts, MACHIELS BUILDING SOLUTIONS states joint committee 126 (Paritair Comité voor de stoffering en de houtbewerking).
What is the turnover of MACHIELS BUILDING SOLUTIONS?
The turnover of MACHIELS BUILDING SOLUTIONS was €15.1m in financial year 2025, according to the filed annual accounts.
Is MACHIELS BUILDING SOLUTIONS profitable?
In financial year 2025, MACHIELS BUILDING SOLUTIONS made a loss of €1.5m.
Where can I find the annual accounts of MACHIELS BUILDING SOLUTIONS?
MACHIELS BUILDING SOLUTIONS filed 16 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of MACHIELS BUILDING SOLUTIONS due?
MACHIELS BUILDING SOLUTIONS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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