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MATERNI

Active
Public limited companyfounded 201313 years activeIndustrielaan 4, 9320 Aalst, BelgiumKBO/BCE: BE 0502.583.031

The file of MATERNI contains 2 judicial reorganisation notices, as published in the Belgian State Gazette.

Summary

The computed 12-month bankruptcy probability is 16.1% (high). The 2025 annual accounts show negative equity (-€663,205) and a net result of -€468,330. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 144 sector peers (NACE 24, fiscal year 2025).

Overview

Activity
Manufacture of basic metals
NACE 24450Manufacture of rubber and plastic products NACE 22260
2 sites
Size
€2.4mtotal assets 2025
Staff
12.2 FTE
Equity
-€663,205
Loss
-€468,330
Financial health
12 Critical Checked score 2025
Bankruptcy probability, 12 months
16.1%
Structure
Largest shareholder
Ferryman Technologies · 47.93%
Board
3 members
Accounts filed 28 days late1 of 16 deeds read
Why 12- Judicial reorganisation on record (2 publications, latest 30-06-2023)- Negative equity -€663,205- Loss of €468,330, the second in a row (FY 2025)- Liquidity: current ratio 0.20, cash €26,411, halvedShow the evidence

Checked score

Score 2025
12 / 100
Critical
Probability in this band: over 15.0%
Financially better than 3% of its sector peers (NACE 24, small)
Financial strength · tick = 2024
Weak
Solvency 0-20
equity -28.2% of total assets
Liquidity 10-20
short-term debt 75.6% · cash 1.1%
Profitability 0=
return on assets -19.9%
Bankruptcy probability, 12 months
16.1% High
0%0.5%1.5%4%10%≥ 25%

About 1 in 6 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (74 companies)
Last 24 months 11-2024: 10.0%lowest value 12-2024: 10.0%● unchanged vs 11-2024lowest value 01-2025: 10.0%● unchanged vs 12-2024lowest value 02-2025: 10.0%● unchanged vs 01-2025lowest value 03-2025: 10.0%● unchanged vs 02-2025lowest value 04-2025: 10.0%● unchanged vs 03-2025lowest value 05-2025: 10.0%● unchanged vs 04-2025lowest value 06-2025: 10.0%● unchanged vs 05-2025lowest value 07-2025: 19.3%▲ +9.3 percentage points vs 06-2025 08-2025: 19.3%● unchanged vs 07-2025 09-2025: 19.3%● unchanged vs 08-2025 10-2025: 19.3%● unchanged vs 09-2025 11-2025: 19.3%● unchanged vs 10-2025 12-2025: 19.3%● unchanged vs 11-2025 01-2026: 19.3%● unchanged vs 12-2025 02-2026: 19.5%▲ +0.2 percentage points vs 01-2026 03-2026: 21.5%▲ +2.0 percentage points vs 02-2026 04-2026: 22.0%▲ +0.5 percentage points vs 03-2026 05-2026: 22.1%▲ +0.1 percentage points vs 04-2026 06-2026: 22.5%▲ +0.4 percentage points vs 05-2026highest value 07-2026: 18.4%▼ -4.1 percentage points vs 06-2026 08-2026: 18.5%▲ +0.1 percentage points vs 07-2026 09-2026: 16.1%▼ -2.4 percentage points vs 08-2026 10-2026: 16.1%● unchanged vs 09-2026
No credit on open account
Liquidity short (current ratio 0.2 against 0.44 in 2024; short-term debt: 75.6% and cash: 1.1% of total assets), and equity is negative.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 (NACE 24, small): better than 1% on solvency, 7% on liquidity, 4% on profitability and 1% on growth.

The bankruptcy probability was computed on 06-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
+raises risk○neutral
raises risk · Judicial reorganisation on record (2 publications, latest 30-06-2023)
Belgian State Gazette
raises risk · Negative equity -€663,205
NBB · annual accounts
raises risk · Loss of €468,330, the second in a row (FY 2025)
NBB · annual accounts
raises risk · Liquidity: current ratio 0.20, cash €26,411, halved
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€663,205
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
28 days late
2024
38 days early
2023
30 days early
2022
70 days early
2021
16 days early
2020
37 days early
2019
169 days 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 47 days before the deadline; the sector median for financial year 2024 is 16 days before the deadline, and 29% 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 2 July (4 of the last 5 filed years within 41 days of that day).
Companies Code · seven months
Position in the running window
07-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · full…
  2. Resignation: Milla bv (director)Permanent representatives: Benedikt Planckaert, Gregory…
  3. Annual accounts filedfiscal year 2024 · abbreviated…

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€663,205 View
  • Caution: Equity fell in 2025from -€143,332 to -€663,205 ▼ 363% View
  • Caution: Among the weakest 5% on solvencysector median 43.9% · 144 companies -28.2% View
  • Caution: 2 loss-making years in a rowloss fiscal year 2025 -€468,330 View
  • Board changedlatest change 30-12-2025 · 3 in office 1 joined · 1 left View

By topic

Financials

Fiscal year
2025
Total assets
€2.4m
Loss
-€468,330
Solvency
-28.2%
Total assets▼ 16.9%
Net result
20182025
Go to Financials

Timeline

Events
19
Since
2017
Next accounts
by 31-07-2027
  1. 01-07-2024Annual accounts filed
  2. 31-12-2023Back to profit
  3. 31-12-2023Liquidity times 6
Go to Timeline

Company details

Sites
2
Legal form
Public limited company
Activity
Manufacture of basic metalsNACE 24450
Founded
18-01-2013
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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