Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of MATERIALISE is 0.1% (very low). The 2024 annual accounts show equity of €248.60M and a net result of €12.62M. Equity is growing by ~8% per year across the filed fiscal years. Its solvency ranks better than 78% of 269 sector peers (fiscal year 2024). The company has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 4 annual accounts.
Signals
2 signals · with evidenceSignals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wide| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | nothing on record | not filed | - |
| 31-12-2024 | 31-07-2025 | 17-06-2025 | 44 d early | 2025-00159249 |
| 31-12-2023 | 31-07-2024 | 17-06-2024 | 44 d early | 2024-00155677 |
| 31-12-2022 | 31-07-2023 | 13-06-2023 | 48 d early | 2023-00141111 |
| 31-12-2021 | 31-07-2022 | 14-06-2022 | 47 d early | 2022-20065309 |
| 31-12-2020 | 31-07-2021 | 06-07-2021 | 25 d early | 2021-33000200 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsAdministrative Flags
Bankruptcy probability (12 mo)
Checked model v1 · free for everyoneStatistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
Annual accounts & ratios
Source: NBB · 2024| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 66.2% | 30.7% | |
| Net result | €12.62M | €6k | |
| Equity | €248.60M | €30k | |
| Staff costs | €62.11M | €59k | |
| Employees (FTE) | 621.9 | 4.4 |
Show 14 other metrics
| Fiscal year | 2024 |
|---|---|
| Deposit | volledig |
| Revenue | €180.55M |
| EBITDA | €36.34M |
| Net profit | €12.62M |
| Cash flow | €42.80M |
| Staff costs | €62.11M |
| Income taxes | €195k |
| Dividends | - |
| Total assets | €375.49M |
| Equity | €248.60M |
| Debt | €126.46M |
| of which ≤ 1y | €51.82M |
| of which > 1y | €29.84M |
| Working capital | €144.31M |
| Employees (FTE) | 621.9 |
| 2024 | |
|---|---|
| Current ratio | 3.78 |
| Quick ratio | 3.69 |
| Working capital ratio | 38.4% |
| Solvency | 66.2% |
| Debt / equity | 0.51 |
| Long-term debt ratio | 0.12 |
| Interest coverage | 27.39 |
| Gross margin | 76.2% |
| Net margin | 7.0% |
| ROA | 3.4% |
| ROE | 5.1% |
| EBITDA margin | 20.1% |
| Days sales outstanding | 113d |
| Days payable outstanding | 224d |
| Inventory turnover | 9.18 |
| Days inventory (DSI) | 40d |
Full annual accounts (29 line items)
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €375.49M |
| Fixed assets | 21/28 | €177.98M |
| Formation expenses | 20 | €1.38M |
| Intangible fixed assets | 21 | €14.42M |
| Tangible fixed assets | 22/27 | €27.31M |
| Financial fixed assets | 28 | €136.25M |
| Current assets | 29/58 | €196.13M |
| Stocks & contracts in progress | 3 | €4.69M |
| Amounts receivable within one year | 40/41 | €95.84M |
| Investments | 50/53 | €9k |
| Cash & bank | 54/58 | €81.97M |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €375.49M |
| Equity | 10/15 | €248.60M |
| Contributions / capital | 10/11 | €244.45M |
| Reserves | 13 | €471k |
| Accumulated profits (losses) | 14 | €3.65M |
| Provisions & deferred taxes | 16 | €432k |
| Amounts payable | 17/49 | €126.46M |
| Amounts payable after one year | 17 | €29.84M |
| Amounts payable within one year | 42/48 | €51.82M |
| Trade debts payable within one year | 44 | €26.47M |
| Income statement | ||
| Turnover | 70 | €180.55M |
| Operating result | 9901 | €6.17M |
| Financial income | 75 | €29.78M |
| Financial charges | 65 | €6.48M |
| Result before taxes | 9903 | €12.82M |
| Income taxes | 67/77 | €195k |
| Net result for the period | 9904 | €12.62M |
| Result to be appropriated | 9905 | €12.62M |
Health barometer
FY 2024 · computedThe full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Directors
Directors & mandates
52 directors-
A TRE CPrivate limited companyDirector· perm. rep.: Johan De LilleState Gazette act 25081427 (30-06-2025)Current03-06-2025 → present
-
Current03-06-2025 → present
-
GloMAICoPrivate limited companyDirector· perm. rep.: Koen PetersState Gazette act 25053058 (23-04-2025)Current01-01-2025 → present
-
Nika TechPrivate limited companyDirector· perm. rep.: Udo EberleinState Gazette act 25053058 (23-04-2025)Current01-08-2024 → present
-
Current01-07-2024 → present
30 events
- 03-06-2025 Mandate renewed· Director
- 01-07-2024 Mandate renewed· Director
- 01-01-2024 Resigned· Managing director
- 27-07-2023 Mandate renewed· Director
- 05-10-2022 Mandate renewed· Director
- 28-02-2022 Resigned· Director
- 01-12-2021 Mandate renewed· Director
- 15-07-2020 Mandate renewed· Director
- 08-08-2019 Mandate renewed· Director
- 06-07-2018 Mandate renewed· Director
- 10-10-2017 Mandate renewed· Director
- 30-08-2017 Mandate renewed· Director
- 29-06-2017 Appointed· Ceo / dagelijks bestuurder
- 01-01-2017 Appointed· Lid van het directiecomité
- 06-10-2016 Mandate renewed· Director
- 09-09-2015 Mandate renewed· Managing director
- 03-07-2014 Appointed· Director
- 03-07-2014 Appointed· Managing director
- 04-07-2013 Appointed· Bestuurder klasse a
- 04-07-2013 Appointed· Managing director
- 05-06-2012 Appointed· Director
- 05-06-2012 Appointed· Afgevaardigd bestuurder
- 20-07-2011 Appointed· Director
- 20-07-2011 Appointed· Managing director
- 07-06-2011 Appointed· Afgevaardigd bestuurder
- 07-06-2011 Appointed· Director
- 01-06-2010 Appointed· Managing director
- 01-06-2010 Appointed· Director
- 18-08-2008 Appointed· Managing director
- 03-06-2008 Mandate renewed· Bestuurder klasse a
-
BEspiredPrivate limited companyDirector· perm. rep.: Bart Van der SchuerenState Gazette act 24176103 (16-12-2024)Current01-01-2024 → present
Show 8 more sitting directors
-
De Vet ManagementPrivate limited companyManaging director· perm. rep.: Brigitte de Vet-VeithenState Gazette act 24176103 (16-12-2024)Current01-01-2024 → present
-
FINSTRACOPrivate limited companyDirector· perm. rep.: Koen BergesState Gazette act 24176103 (16-12-2024)Current01-01-2024 → present
-
LEVEL5Private limited companyDirector· perm. rep.: Jurgen LaudusState Gazette act 24176103 (16-12-2024)Current01-01-2024 → present
-
SEAQUENCEPrivate limited companyDirector· perm. rep.: Johan PauwelsState Gazette act 24176103 (16-12-2024)Current01-01-2024 → present
-
Super Mare & ParkPrivate limited companyDirector· perm. rep.: Carla Van SteenbergenState Gazette act 24176103 (16-12-2024)Current01-01-2024 → present
-
Current01-01-2024 → present
-
Current01-12-2021 → present
5 events
- 03-06-2025 Mandate renewed· Director
- 01-07-2024 Mandate renewed· Director
- 27-07-2023 Mandate renewed· Director
- 05-10-2022 Mandate renewed· Director
- 01-12-2021 Mandate renewed· Director
-
Current15-07-2020 → present
6 events
- 03-06-2025 Mandate renewed· Director
- 01-07-2024 Mandate renewed· Director
- 27-07-2023 Mandate renewed· Director
- 05-10-2022 Mandate renewed· Director
- 01-12-2021 Mandate renewed· Director
- 15-07-2020 Appointed· Director
Historic, not recently confirmed (24)
-
Not recently confirmedlast confirmed in an act from 2020
6 events
- 15-07-2020 Mandate renewed· Director
- 08-08-2019 Mandate renewed· Director
- 06-07-2018 Mandate renewed· Director
- 10-10-2017 Mandate renewed· Director
- 30-08-2017 Mandate renewed· Director
- 06-10-2016 Mandate renewed· Director
-
Not recently confirmedlast confirmed in an act from 2019
-
Not recently confirmedlast confirmed in an act from 2019
8 events
- 08-08-2019 Mandate renewed· Director
- 06-07-2018 Mandate renewed· Director
- 10-10-2017 Mandate renewed· Director
- 30-08-2017 Mandate renewed· Director
- 06-10-2016 Mandate renewed· Director
- 03-07-2014 Appointed· Director
- 04-07-2013 Appointed· Bestuurder klasse a
- 05-06-2012 Appointed· Director
-
Not recently confirmedlast confirmed in an act from 2018
-
Not recently confirmedlast confirmed in an act from 2017
-
Not recently confirmedlast confirmed in an act from 2017
-
Not recently confirmedlast confirmed in an act from 2017
-
Not recently confirmedlast confirmed in an act from 2017
-
Not recently confirmedlast confirmed in an act from 2017
-
Not recently confirmedlast confirmed in an act from 2017
-
Not recently confirmedlast confirmed in an act from 2017
-
Not recently confirmedlast confirmed in an act from 2017
-
Not recently confirmedlast confirmed in an act from 2017
-
Not recently confirmedlast confirmed in an act from 2017
Former directors (7)
-
Soho ServicesPrivate limited companyDirector· perm. rep.: Conny HoogheState Gazette act 24176103 (16-12-2024)Former01-01-2024 → 14-07-2025
2 events
- 14-07-2025 Resigned· Managing director
- 01-01-2024 Appointed· Director
-
Former05-06-2012 → 03-06-2025
2 events
- 03-06-2025 Resigned· Director
- 05-06-2012 Appointed· Director
-
LUNEBEKEPublic limited companyDirector· perm. rep.: Wilfried VancraenState Gazette act 24176103 (16-12-2024)Former- → 01-01-2024
-
ioberanPrivate limited companyDirector· perm. rep.: Stefaan MotteState Gazette act 22118346 (05-10-2022)Former- → 28-02-2022
-
Former01-01-2017 → 02-08-2018
2 events
- 02-08-2018 Resigned· Lid van het directiecomité
- 01-01-2017 Appointed· Lid van het directiecomité
Statutory auditor
5 auditors| Statutory auditor | IRE/IBR number | Tenure |
|---|---|---|
| KPMG Réviseurs d'EntreprisesCurrent Company auditor · represented by Tim Vermeiren |
- | 27-07-2023 → present |
Show 4 earlier auditors
| BDO Bedrijfsrevisoren Burg.CVBA Statutory auditor · represented by Bert Kegels succeeded by BDO Bedrijfsrevisoren CVBA in 2019 |
- | 06-10-2016 → 08-08-2019 |
| BDO Bedrijfsrevisoren CVBA Statutory auditor · represented by Veerle Catry succeeded by KPMG Bedrijfsrevisoren CVBA in 2020 |
- | 08-08-2019 → 09-11-2020 |
| KPMG Bedrijfsrevisoren CVBA Company auditor · represented by Götwin Jackers succeeded by KPMG Réviseurs d'Entreprises in 2023 |
2158 | 09-11-2020 → 27-07-2023 |
| PKF bedrijfsrevisoren Company auditor · represented by Geert Lefebvre succeeded by BDO Bedrijfsrevisoren Burg.CVBA in 2016 |
- | 30-06-2006 → 06-10-2016 |
Insolvency mandates
Legal Structure
| NACE primary | Overige industrie, neg(32990) |
| Legal form | Public limited company(014) |
| Incorporation | 28-06-1990 |
| Status | Active |
| Postal code | 3001 |
Structure & network
Connections & network
55 connected companies49 further connections in this company's network. Available in Kantoor S.
See plans →Show 7 more group companies
Show 2 more companies with a shared director
Show 2 more network connections
Ownership & control
11 partiesEach band states what its claims rest on. A board seat is influence over the board, not ownership. Court mandates (receiver, interim administrator) and liquidation mandates do not link companies and are therefore absent here; they belong under Directors & mandates.
Locations & real estate
Registered office
on the map · from the address registerEstablishment units
1 locationReal-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24514C0041/00X000 | Flanders | 2.9 ha | 1 · 5,724 m² | 16.0 m · 3 fl. |
Publications
Lifecycle & Insolvency Signals
Belgian State Gazette · acts
77 of 79 acts readOf the 79 Belgian State Gazette acts we know for this company, 77 have been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
What every Belgian State Gazette publication actually says, each act broken down into appointments, capital movements, seat moves and statute amendments.
- General meeting , 14/11/2025
- Capital increase , €30.000.000
- Capital decrease , €30.000.000
- Reserve release , overboeking van het saldo van de onbeschikbare uitgiftepremie naar een beschikbare rekening
- Statutes amendment
- Corporate purpose , het onderzoek, de ontwikkeling en de commercialisatie van additieve manufacturing en aanverwante technologieën en alle dienstverlenings-, engineering en holding…
- General meeting , 03/06/2025
- Director reappointment, Wilfried Vancraen (bestuurder)
- Director reappointment, Peter Leys (bestuurder)
- Director reappointment, A TRE C CVOA (bestuurder)
- Permanent representative, Johan De Lille
- Director reappointment, Hilde Ingelaere (bestuurder)
- General meeting , 03/06/2025
- Statutes amendment
- Statutes amendment
- Board meeting , 2025-02-19
- Director resignation, Udo Eberlein (lid van het uitvoerend comité)
- Director appointment, Nika Tech BV (lid van het uitvoerend comité)
- Permanent representative, Udo Eberlein
- Director appointment, GloMAICo BV (lid van het uitvoerend comité)
- Permanent representative, Koen Peters
- Board meeting , 2023-10-25
- Board meeting , 2023-12-11
- Board meeting , 2023-04-27
- Board meeting , 2024-09-03
- Director resignation, Wilfried Vancraen (gedelegeerde tot het dagelijks bestuur)
- Director appointment, Brigitte de Vet-Veithen (gedelegeerde tot het dagelijks bestuur)
Show 19 older acts
What every Belgian State Gazette publication actually says, each act broken down into appointments, capital movements, seat moves and statute amendments.
- General meeting , 04/06/2024
- Director reappointment, Wilfried Vancraen (bestuurder)
- Director reappointment, Peter Leys (bestuurder)
- Director reappointment, A TRE C CVOA (bestuurder)
- Permanent representative, Johan De Lille
- Director reappointment, Hilde Ingelaere (bestuurder)
- Board meeting , 11/10/2023
- Share issue , Uitgifte van maximum 500.000 Inschrijvingsrechten
- Capital increase
- Power of attorney, raad van bestuur
- Waiver of preemptive rights , Opheffing van het wettelijk voorkeurrecht ten voordele van de Geselecteerde Deelnemers
- General meeting , 06/06/2023
- Director reappointment, Wilfried Vancraen (bestuurder)
- Director reappointment, Peter Leys (bestuurder)
- Director reappointment, A TRE C CVOA (bestuurder)
- Permanent representative, Johan De Lille
- Director reappointment, Hilde Ingelaere (bestuurder)
- Capital increase , €212,7
- Share issue , gewone aandelen, 2800
- Bank account , BE29 7370 6524 4364
- Capital , €4.487.050,49
- Power of attorney, DE WEIRT Loore
- Capital increase , €65,71
- Share issue , gewone aandelen, 865
- Bank account , KBC Bank, BE31 7370 6524 3455
- Capital , €4.486.837,79
- Statutes amendment , 5
- Board meeting , 01/03/2022
- Power of attorney
- Director appointment, Level5 BV (lid van het directiecomité)
- Permanent representative, Jurgen Laudus
- Director appointment, SoHo services BV (lid van het directiecomité)
- Permanent representative, Conny Hooghe
- Capital increase , €8.595,46
- Bank account , KBC Bank, BE93 7370 5656 3167
- Capital , €4.486.772,08
- Capital increase , €13.655,81
- Bank account , BE18 7370 5656 2965
- Capital , €4.478.176,62
- Statutes amendment
- General meeting , 29/06/2021
- Director reappointment, Wilfried Vancraen (bestuurder)
- Director reappointment, Peter Leys (bestuurder)
- Director reappointment, A TRE C CVOA (bestuurder)
- Permanent representative, Johan De Lille
- Director reappointment, Hilde Ingelaere (bestuurder)
- Capital increase , €48.000
- Share issue , aandelen op naam, 600000
- Capital , €4.464.520,81
- Bank account , KREDBEBB, KBC Bank NV
- Power of attorney, DE RAUW Elien
- Board meeting , 09/06/2021
- Capital increase , €320.000
- Share issue , aandelen op naam, 4000000
- Bank account , 14/06/2021
- Capital , €4.416.520,81
- Statutes amendment , 5
- Board meeting , 09/06/2021
- Capital increase
- Power of attorney, twee (2) bestuurders, gezamenlijk handelend, met recht op indeplaatsstelling
- Power of attorney, elke bestuurder, Carla Van Steenbergen, Vincent Chantillon, Marleen Mannekens, en elke medewerker van de ondergetekende notaris, alleen handelend en met recht op indeplaatsstelling
- Capital increase , €102,09
- Bank account , KBC Bank, 8.707,50 EUR
- Capital , €4.096.520,81
- Statutes amendment
- General meeting , 31/12/2020
- Merger , 31/12/2020
- Accounting effect , 31/12/2020
- Capital increase , €1.862.328,55
- Share issue , new shares, 13428688
- Share cancellation , 13428688, cancellation of own shares acquired via merger
- Capital , €4.096.418,72
- Statutes amendment
- Merger , 1 aandeel in Ailanthus NV circa 230,26 aandelen in Materialise NV, 13428688
- Corporate purpose , 1. Het bij wijze van inschrijvingen, inbreng, fusie, samenwerking, financiële tussenkomst of anderszins verwerven van een belang of deelneming in alle bestaande…
- Corporate purpose , De vennootschap heeft tot voorwerp: het onderzoek, de ontwikkeling en de commercialisatie van additieve manufacturing en aanverwante technologieën en alle diens…
- Share issue , 13428688
- Share cancellation , 13428688
- Capital , €4.096.461,38
- Capital increase , €15.237
- Bank account , KBC
- Capital , €4.085.118,69
- Statutes amendment
- Capital increase , €11.342,69
- Bank account , BE24 7360 7465 8338, BE35 7360 7653 0337, BE46 7360 7465 8136, BE94 7360 7564 5314
- Capital , €4.096.461,38
- Statutes amendment
- Capital increase , €2.180,98
- Share issue , gewone aandelen, 28794
- Bank account , KBC
- Capital , €4.069.881,7
- Statutes amendment , 5
Analysis
Financial profile
5 of 5 axes measuredExceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Credit advice
verdict per customer and amountSimilar
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Same sectorCompany registry
Company registry (CBE)
Crossroads Bank| Legal nameNL | MATERIALISE |