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MAATSCHAPPIJ TOT EXPLOITATIE VAN IMMOBILIEN

Active
Public limited companyfounded 1945active for 81 yearsFranklin Rooseveltlaan 180, 8790 Waregem, BelgiumKBO/BCE: BE 0405.580.655
Summary

MAATSCHAPPIJ TOT EXPLOITATIE VAN IMMOBILIEN has been active since 1945 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €327.2m and a net result of €131.7m, of which €135.1m non-recurring income. Equity has been stable since 2018 (±0.1% per year). Its solvency ranks better than 29% of 3,863 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

MAATSCHAPPIJ TOT EXPLOITATIE VAN IMMOBILIENActiveChecked score 92/100

Overview

Official details

Source: KBO
Status
Active since 10-07-1945 Normal situation
Registered office
27 active companies are registered at this address Source: KBO register, as of 5 November 2026.
Activity
Activities of head offices NACE 70100and 2 others
Establishment units
2.003.272.308 8790 Waregem, since 01-07-1945
2.143.196.489 9810 Nazareth-De Pinte, since 01-01-1968and 7 others
Financial year end
31 December
Peppol
Reachable

Board and ownership

Board
  • VAUBANChair · permanent representative Gaëtan Hannecart
  • Brunim NVDirector · since 30-06-2022 · permanent representative Bruno Vande Vyvere
  • Nimmobo NVDirector · since 30-06-2022 · permanent representative Bénédicte Vande Vyvere
and 4 others
Shareholders

Financial position

92 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Annual accounts 2025
Turnover
€28.3m
▼ 3.1%
Operating revenue
€162.9m
▲ 393%
Profit
€131.7m
Equity
€327.2m
▲ 11.8%
Total assets
€1.11bn
▲ 23.8%
Employees on 31-12-2025
87
▼ 13.0%
Score breakdownraises riskLiquidity: current ratio 0.26, cash €10.2mlowers riskSize: turnover €28.3m, 83.8 FTE, total assets €1.11bnFounded in 1945Sector: Activities of head offices; management consultancy activities (NACE 70)Show the evidence

Checked score

Score 2025
92 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 48% of medium-sized companies in head offices and management consultancy (NACE 70)
Financial strength · tick: 2024
Average
Solvency 54-4
equity 29.5% of total assets
Liquidity 39-12
short-term debt 29.4% · cash 0.9%
Profitability 84+74
return on assets 11.9%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

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

Sector median 0.1% (800 companies, NACE 70, medium-sized)
Last 24 months 12-2024: 0.1% 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025lowest value 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.2%▲ +0.1 percentage points vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026highest value 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.1%▼ -0.1 percentage points vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026 11-2026: 0.1%● unchanged vs 10-2026
Credit of up to €2,800,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.26 (0.44 in 2024), below 1. Short-term debt is 29.4% and cash 0.9% of total assets. 70.5% 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 (NACE 70, medium-sized). It does better than 27% of them on solvency, 24% on liquidity, 89% on profitability and 52% on growth.

The bankruptcy probability was computed on 04-11-2026 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 very low class on 30-06-2025, 0.1% 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).

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

Signals

Five signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 0.26, cash €10.2m
NBB · annual accounts
lowers risk · Size: turnover €28.3m, 83.8 FTE, total assets €1.11bn
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Founded in 1945
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Sector: Activities of head offices; management consultancy activities (NACE 70)
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 27-07-2026, 4 days ahead of the deadline.
NBB · 7 filings
Deviation from the deadline
2025
4 days early
2024
31 days early
2023
43 days early
2022
27 days early
2021
26 days early
2020
30 days early
2019
29 days early
← 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 27 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% 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 4 July (5 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
05-11-2026 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

  • Positive: Back in profit in 2025after a loss of €25.1m in 2024 €131.7m View
  • Positive: Largest company by total assets in Waregem, Professional and technical services sectorin the Checked rankings No. 1 View
  • Positive: Always filed on timeaccounts within the deadline every year 7 years View

Recent changes

  1. · Gazette deed 1 director appointed, 1 director resigningResignation: JHI Consult BV (director) · Permanent representatives: Jean Hilgers, Bénédicte Vande Vyvere and 5 others · Appointment: Godelieve Mostrey (director)
  2. · Gazette deed 3 directors reappointedReappointments: Dorebor BV, NG53 Consult BV and Sdl Advice BV · Permanent representatives: Karel Van Eetvelt, Walter de Boer and 5 others
  3. · Gazette deed Appointment: BOOST+ BV (member of the executive committee)Permanent representatives: Sophie Bouckaert, Olivier Lambrecht and 8 others
All 22 events

Companies linked to MAATSCHAPPIJ TOT EXPLOITATIE VAN IMMOBILIEN

Comparable companies

These companies have the same main activity as MAATSCHAPPIJ TOT EXPLOITATIE VAN IMMOBILIEN: activities of head offices (NACE 70100). They are comparable in size and age: total assets between €345m and €2.3bn, founded between 1895 and 1990.

CompanyTotal assetsTurnover
MAATSCHAPPIJ TOT EXPLOITATIE VAN IMMOBILIEN Waregem€1,110.4m€28.3m
SN AIRHOLDING Machelen (Brab.)€693.0m€21.5m
KINEPOLIS GROUP Brussels€642.7m€78.9m
ACCOR HOTELS BELGIUM Brussels€1,136.2m€30.5m
BEAULIEU INTERNATIONAL GROUP Waregem€949.4m€34.4m
GALLOO HOLDING Menen€344.5m€10.1m
Belgische Scheepvaartmaatschappij-Compagnie Maritime Belge Antwerp€2,317.5m€96.2m
Full comparison

Key facts about MAATSCHAPPIJ TOT EXPLOITATIE VAN IMMOBILIEN

What is the company number of MAATSCHAPPIJ TOT EXPLOITATIE VAN IMMOBILIEN?
The company number of MAATSCHAPPIJ TOT EXPLOITATIE VAN IMMOBILIEN is 0405.580.655. The VAT number is the same number with BE in front: BE 0405.580.655.
Where is MAATSCHAPPIJ TOT EXPLOITATIE VAN IMMOBILIEN based?
The registered office is at Franklin Rooseveltlaan 180, 8790 Waregem.Company details
What does MAATSCHAPPIJ TOT EXPLOITATIE VAN IMMOBILIEN do?
According to the KBO register, the main activity is activities of head offices (NACE 70100).
What is the legal form of MAATSCHAPPIJ TOT EXPLOITATIE VAN IMMOBILIEN?
MAATSCHAPPIJ TOT EXPLOITATIE VAN IMMOBILIEN is a public limited company (NV).
When was MAATSCHAPPIJ TOT EXPLOITATIE VAN IMMOBILIEN founded?
MAATSCHAPPIJ TOT EXPLOITATIE VAN IMMOBILIEN was founded on 10-07-1945.
Is MAATSCHAPPIJ TOT EXPLOITATIE VAN IMMOBILIEN still active?
Yes, MAATSCHAPPIJ TOT EXPLOITATIE VAN IMMOBILIEN is an active enterprise in the KBO register.
How many employees does MAATSCHAPPIJ TOT EXPLOITATIE VAN IMMOBILIEN have?
MAATSCHAPPIJ TOT EXPLOITATIE VAN IMMOBILIEN had an average of 83.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of MAATSCHAPPIJ TOT EXPLOITATIE VAN IMMOBILIEN?
The turnover of MAATSCHAPPIJ TOT EXPLOITATIE VAN IMMOBILIEN was €28.3m in financial year 2025, according to the filed annual accounts.
Is MAATSCHAPPIJ TOT EXPLOITATIE VAN IMMOBILIEN profitable?
In financial year 2025, MAATSCHAPPIJ TOT EXPLOITATIE VAN IMMOBILIEN made a profit of €131.7m.
Where can I find the annual accounts of MAATSCHAPPIJ TOT EXPLOITATIE VAN IMMOBILIEN?
MAATSCHAPPIJ TOT EXPLOITATIE VAN IMMOBILIEN filed 65 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of MAATSCHAPPIJ TOT EXPLOITATIE VAN IMMOBILIEN due?
MAATSCHAPPIJ TOT EXPLOITATIE VAN IMMOBILIEN must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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