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Materdak

Active
Public limited companyfounded 197353 yrs activeNijverheidstraat 5, 1830 Machelen (Brab.), BelgiumKBO/BCE: BE 0412.987.792
Summary

Materdak has been active since 1973 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.8m and a net result of €14,686. Equity is growing by ~6.6% per year across the filed fiscal years. Its solvency ranks better than 70% of 11002 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisWatch ReportCompare
MaterdakActiveChecked score 96/100
Risk analysis ReportCompare

Overview

Activity
Renting and operating of own or leased non-residential real estate, excluding land
NACE 68203
#1 oldest company in Machelen, Real estate sector1 site
Size
€818,772turnover 2025
Equity
€3.8m
Profit
€14,686
Financial health
96 Excellent Checked score 2025
Bankruptcy chance 12 m
0.1%
Structure
Largest shareholder
MANATEE · 50%
Board
3 members
Accounts 80 d early2 of 9 deeds read
Why 96- Liquidity: current ratio 0.04, cash €6,703, halved+ Size: turnover €818,772, total assets €6.7m+ Founded in 1973+ Legal form Public limited companyShow the evidence

Checked score

Score 2025
96 / 100
Excellent
Probability in this band: under 0.55%
Better than 66% of its sector peers (NACE 68, small)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 82-2
equity 57.3% of total assets
Liquidity 50-1
short-term debt 7.4% · cash 0.1%
Profitability 73-7
return on assets 0.2%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

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

Sector median 0.1% (6,963 companies)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● 0.0% vs 11-2024 01-2025: 0.1%● 0.0% vs 12-2024 02-2025: 0.1%▼ -3.8% vs 01-2025 03-2025: 0.1%▲ +1.3% vs 02-2025 04-2025: 0.1%▲ +7.7% vs 03-2025 05-2025: 0.1%▲ +2.4% vs 04-2025 06-2025: < 0.1%▼ -44.2% vs 05-2025lowest value 07-2025: < 0.1%● 0.0% vs 06-2025lowest value 08-2025: < 0.1%● 0.0% vs 07-2025lowest value 09-2025: < 0.1%● 0.0% vs 08-2025lowest value 10-2025: < 0.1%● 0.0% vs 09-2025lowest value 11-2025: < 0.1%● 0.0% vs 10-2025lowest value 12-2025: < 0.1%● 0.0% vs 11-2025lowest value 01-2026: < 0.1%● 0.0% vs 12-2025lowest value 02-2026: < 0.1%● 0.0% vs 01-2026lowest value 03-2026: < 0.1%▲ +2.1% vs 02-2026 04-2026: 0.1%▲ +6.1% vs 03-2026 05-2026: 0.1%▲ +3.8% vs 04-2026 06-2026: 0.1%▲ +77.8% vs 05-2026highest value 07-2026: 0.1%● 0.0% vs 06-2026highest value 08-2026: 0.1%● 0.0% vs 07-2026highest value 09-2026: 0.1%● 0.0% vs 08-2026highest value 10-2026: 0.1%● 0.0% vs 09-2026highest value
  • Liquidity: current ratio 0.04, cash €6,703, halved raises the probability
  • Size: turnover €818,772, total assets €6.7m lowers the probability for this profile
  • Founded in 1973 lowers the probability for this profile
  • Legal form Public limited company lowers the probability
Credit up to €80,000 at 30 days acceptable
Liquidity short (current ratio 0.04 against 0.12 in 2024; short-term debt: 7.4% and cash: 0.1% of total assets), and 42.7% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 68, small). Better than this share of them on solvency 73%, liquidity 56%, profitability 79%, growth against the median 55%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Liquidity: current ratio 0.04, cash €6,703, halved
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Size: turnover €818,772, total assets €6.7m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
lowers risk · Founded in 1973
In the bankruptcy model this factor lowers the probability for this profile.
KBO
lowers risk · Legal form Public limited company
In the bankruptcy model this factor lowers the probability.
KBO
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-05-2026, 80 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
80 d early
2024
71 d early
2023
92 d early
2022
76 d early
2021
45 d early
2020
38 d early
2019
58 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 66 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (2)
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. Usually files around 16 May (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
05-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Reappointments: Alexia Wolf, William Wolf and…State Gazette act
  2. Reappointments: MANATEE bv, WOLF William and…State Gazette act
  3. Annual accounts filedfiscal year 2025 · abbreviated…

Key points

  • Caution: Result fell in 2025from €69,335 to €14,686 ▼ 78.8% View
  • Positive: Oldest company in Machelen, Real estate sectorin the Checked rankings #1 View
  • Positive: 7 years of growth in a rowturnover 2025: €818,772 7 years View
  • New directorslatest change 14-04-2026 · 3 in office 3 joined View
  • Positive: Always filed on timeaccounts within the deadline every year 8 years View
  • Known shareholderslargest: MANATEE 50% 100% View
  • Active since 1973founded 06-02-1973 53 years View

By topic

Financials

Fiscal year
2025
Turnover
€818,772
Profit
€14,686
Solvency
57.3%
Turnover▲ 6.0%
Net result
20182025
Go to Financials

Timeline

Events
15
Since
2017
Next accounts
by 31-07-2027
  1. 21-09-2026Reappointments: Alexia Wolf, William Wolf and MANATEE
  2. 16-06-2026Reappointments: MANATEE bv, WOLF William and WOLF…
  3. 12-05-2026Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Renting and operating of own or leased non-residential…NACE 68203
Founded
06-02-1973
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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