Equity
€1.5m from €4.8m in 2020
Equity fell by 68% in 5 years.
MACHIELS BUILDING SOLUTIONS
Lifetime
15 annual accounts with figures on one time axis, 16 filings since 2010peak €23.6m (2019)
€15.1m▲ 46.0%
lowest -€5.4m (2013)
-€1.5m▼ €831,617
peak €4.8m (2020)
€1.5m▼ 50.1%
€6.0m▼ 55.8%
peak 81 FTE (2020)
53.5 FTE▼ 5.6%
Board19 names since 2009all names
3 directorsJemi Consult BV and 2 others
Owners3 names in the annual accounts
100%J.M. RECYCLING
Documentsfilings and deeds
04-08-20264 days late
2025financial year
Turnover from €10.4m to €15.1mLoss of €1.5mEquity from €3.0m to €1.5mDebts from €13.7m to €6.0mInvestments €478,351Cash from €71,554 to €685,155
Key points
from the 2025 annual accountsResult
-€1.5m ▼ 121%
The result fell in 2025 from -€686,519 to -€1.5m.
Debts
€6.0m 78% of the balance sheet
Financial debts 11%Suppliers 67%Taxes and wages 9%Other 13%
€210,482 of the debts are secured on the company's own assets. In 2024 that was €343,068.
Staff
53.5 FTE from 81 in 2020
Between 2020 and 2025, 34% of the full-time equivalents disappeared.
Payment terms
109 days to suppliers
MACHIELS BUILDING SOLUTIONS pays its suppliers 37 days earlier than in 2024. Customers pay 12 days later.
Position in the sector
-€1.5m
Lower net result than 95% of companies in wood and cork. Sector median €50,439 · 174 companies.
2025 accounts filed 4 days after the deadline
Checked score
54
Fair
Financially stronger than 25% of all companies
Probability in this band: 1.5% to 4.2%
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.
Bankruptcy probability within 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 25 companies (NACE 16, medium-sized).
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Loss 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 risk
Legal form: public limited company
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 06-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 1,501 companies had the same profile as MACHIELS BUILDING SOLUTIONS has now. Each dot stands for 4 companies, two years later.
89.7%
were still trading
5.5%
stopped another way
4.3%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MACHIELS BUILDING SOLUTIONS itself: 0.9% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,501 companies, not a prediction for MACHIELS BUILDING SOLUTIONS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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.
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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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net 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 comparisonPosition 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 filingsDeviation 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 monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
BB
Befas BV
Director, Fabienne SOETAERS, since 01-09-2023
TM
Tom Melotte BV
Director, since 01-12-2025
- J.M. RECYCLING 100%score 95equity €220.4m (2025) · annual accounts 2025
Recent changes
1 statutory auditor reappointed
Van Havermaet Bedrijfsrevisoren BV (statutory auditor) · Permanent representatives: Schraepen Philippe and Louis Machiels · Gazette deed
1 director appointed, 1 resignation
Resignation: Pampelonne BV · Permanent representatives: Marieke Meugens and Tom Melotte · Appointment: Tom Melotte BV · General meeting of 01-12-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0816885696
General meeting of 11-07-2023
Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MACHIELS BUILDING SOLUTIONS Hasselt | €15.1m | -10.8% | 19.5% | 53.5 |
| CHIMSCO Gedinne | €13.2m | 1.9% | 22.4% | 86.9 |
| SOLID Spiere-Helkijn | €11.8m | -4.0% | 36.9% | 28.5 |
| WINLOCK SYSTEMS Lokeren | €22.3m | 3.4% | 32.4% | 70.4 |
| STRUCTUREWOOD Marche-en-Famenne | €24.3m | -0.2% | 62.0% | 54.5 |
| ARBONY Flémalle | €14.3m | -0.5% | 73.4% | 37.1 |
| OSTYN FACILITIES Mouscron | €10.4m | 8.0% | 49.9% | 32.2 |
Grey: the largest companies of the sector (wood and cork (NACE 16)), without their names. Blue: the sector peers from the table.
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.
Official details
Source: KBO- Status
- Active since 07-07-2009Normal situation
- Registered office
- 40 active companies are registered at this address3 started in the 12 months before. Source: KBO register, as of 7 November 2026.
- Activity
- Manufacture of other builders' carpentry and joineryNACE 16230and 2 others
- Joint committee
- 126Furnishing and woodworking · annual accounts 2024
- Establishment unit
- 2.241.736.1183600 Genk, since 01-04-2015
- Financial year end
- 31 December
- Peppol
- Reachable since 25-09-2025
Annual accounts 2025
- €7.8m▼ 54.1%
- Employeeson 31-12-2025
- 54▼ 1.8%
- Filing
- Filed on 04-08-2026
Insights on MACHIELS BUILDING SOLUTIONS
MACHIELS BUILDING SOLUTIONS has existed since 2009. In 2012 turnover rose from €793,199 to €3.0m.
J.M. RECYCLING holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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?
- MACHIELS BUILDING SOLUTIONS is a 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 (Furnishing and woodworking).
- 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
Next steps
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