Skip to content

MATTHYS

Active
Public limited companyfounded 198540 yrs activeLeemputstraat 75, 8792 Waregem, BelgiumKBO/BCE: BE 0428.216.594
Summary

MATTHYS has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €5.3m and a net result of €557,561. Equity is growing by ~14.2% per year across the filed fiscal years. Its solvency ranks better than 30% of 759 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).

Checked score

Score 2024
Axes · tick = 2023
Profitability72▲+4
Solvency52=
Growth68▼-15
Track record100
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €320,000 at 30 days acceptable
Liquidity short (current ratio 0.77 against 0.81 in 2023; short-term debt: 66.5% and cash: 10.2% of total assets), and 73.1% of the assets are financed with debt.
Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 40 years 0 50 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
26.9%
Return on assets
2.8%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-07-2025, 27 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
27 d early
2023
26 d early
2022
31 d early
2021
33 d early
2020
38 d early
2019
31 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 31 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.

Checked, nothing found (1)
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

History

MATTHYS was incorporated on 24 December 1985.1 Since 2026, SG Project Consult has served as director of the company.2 Revenue grew from EUR 10 million in 2018 to EUR 13 million in 2024 and headcount from 41.4 to 35.6 full-time equivalents.3

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 25-09-2026
  3. 3National Bank, annual accounts 2018 and 2024

Go further with this company

Is this your company? See how customers and banks see it.

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2024, full schema

Turnover
€13.4m▼ 42.1%
2023 · €23.1m
EBIT margin
5.2%▲ 0.5pp
2023 · 4.7%
Net result
€557,561▼ 43.6%
2023 · €989,339
Working capital
-€2.9m▼ 30.5%
2023 · -€2.3m
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Turnover€14.4m▼ 26.5%€14.7m▲ 2.3%€17.9m▲ 21.6%€23.1m▲ 29.4%€13.4m▼ 42.1%
Operating result€1.2m▲ 41.8%€1.0m▼ 12.5%€1.3m▲ 21.8%€1.1m▼ 13.3%€703,490▼ 35.8%
Net result€881,533above the sector's middle half▲ 21.9%€877,389above the sector's middle half▼ 0.5%€941,175above the sector's middle half▲ 7.3%€989,339above the sector's middle half▲ 5.1%€557,561above the sector's middle half▼ 43.6%
EBIT margin8.3%▲ 4.0pp7.1%▼ 1.2pp7.1%=4.7%▼ 2.3pp5.2%▲ 0.5pp
Equity€3.7mabove the sector's middle half▲ 30.0%€3.6mabove the sector's middle half▼ 0.5%€4.2mabove the sector's middle half▲ 16.1%€4.9mabove the sector's middle half▲ 15.5%€5.3mabove the sector's middle half▲ 8.0%
Total assets€12.3mabove the sector's middle half▲ 5.5%€14.1mabove the sector's middle half▲ 13.9%€14.4mabove the sector's middle half▲ 2.1%€18.4mabove the sector's middle half▲ 28.2%€19.6mabove the sector's middle half▲ 6.6%
Debt€8.6m▼ 1.8%€10.3m▲ 20.3%€10.0m▼ 3.0%€13.3m▲ 33.6%€14.2m▲ 6.8%
Working capital€1.8m▲ 172%€1.9m▲ 6.1%€1.5m▼ 20.6%-€2.3m-€2.9m▼ 30.5%
Solvency29.6%within the sector's middle half▲ 5.6pp25.9%within the sector's middle half▼ 3.8pp29.4%within the sector's middle half▲ 3.5pp26.5%within the sector's middle half▼ 2.9pp26.9%within the sector's middle half▲ 0.4pp
Staff (FTE)39.6within the sector's middle half▼ 8.1%33.7within the sector's middle half▼ 14.9%34.2within the sector's middle half▲ 1.5%39.6within the sector's middle half▲ 15.8%35.6within the sector's middle half▼ 10.1%
above within below the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
€0€500,000€1.0m€1.5mOperating result 2020: €1.2m€1.2mNet result 2020: €881,533€881,533Operating result 2021: €1.0m€1.0mNet result 2021: €877,389€877,389Operating result 2022: €1.3m€1.3mNet result 2022: €941,175€941,175Operating result 2023: €1.1m€1.1mNet result 2023: €989,339€989,339Operating result 2024: €703,490€703,490Net result 2024: €557,561€557,56120202021202220232024€0€500,000€1m€1.5mOperating result 2022: €1.3m€1.3mNet result 2022: €941,175€941,000Operating result 2023: €1.1m€1.1mNet result 2023: €989,339€989,000Operating result 2024: €703,490€703,000Net result 2024: €557,561€558,000202220232024
The operating result has fallen two years in a row; 2024 is 36% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €19.6m
Fixed assets €9.5m ▲ 8.6%
Current assets €10.1m ▲ 4.8%
Equity and liabilities €19.6m
Equity €5.3m ▲ 8.0%
Provisions €120,655 ▼ 42.1%
Debt €14.2m ▲ 6.8%
Debt's share of the balance-sheet total rises from 72.4% to 72.5%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€1.7m▼
2023 · €2.0m
Cash flow
€1.6m▼
2023 · €1.9m
Current ratio
0.77▼
2023 · 0.81
Quick ratio
0.66▲
2023 · 0.63
Debt to equity
2.70▼
2023 · 2.73
ROE
10.6%▼
2023 · 20.3%
ROA
2.8%▼
2023 · 5.4%
Interest coverage
28.89▲
2023 · 27.36
Debt ≤ 1 year
€13.0m▲
2023 · €11.9m
Debt > 1 year
€1.2m▼
2023 · €1.4m
Income taxes
€125,715▼
2023 · €201,211
Staff costs
€2.7m▼
2023 · €2.8m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 4,653 companies that looked in July 2024 the way this one looks now, 0.9% went bankrupt within 24 months and 97% are still going.

  • Small
  • 20 years or older
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
0.9% went bankrupt
1.9% stopped otherwise
97% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 4,653 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 91 lines
Balance sheet Code20232024
Assets
Total assets20/58€18.4m€19.6m▲
Fixed assets21/28€8.8m€9.5m▲
Intangible fixed assets21€0-
Tangible fixed assets22/27€8.6m€9.4m▲
Land and buildings22€4.4m€5.1m▲
Plant, machinery and equipment23€3.6m€3.7m▲
Furniture and vehicles24€565,507€558,925▼
Leasing and similar rights25€0-
Financial fixed assets28€152,676€153,076▲
Companies linked by participating interests282/3€150,000€0▼
Participating interests282€150,000€0▼
Other financial fixed assets284/8€2,676€153,076▲
Shares284€2,000€152,000▲
Amounts receivable and cash guarantees285/8€676€1,076▲
Current assets29/58€9.6m€10.1m▲
Stocks and contracts in progress3€2.2m€1.4m▼
Stocks30/36€1.2m€1.1m▼
Raw materials and consumables30/31€1.2m€1.1m▼
Contracts in progress37€976,970€369,646▼
Amounts receivable within one year40/41€4.3m€5.8m▲
Trade receivables40€4.2m€5.7m▲
Other amounts receivable41€115,736€142,671▲
Current investments50/53€1.8m€842,816▼
Other investments51/53€1.8m€842,816▼
Cash at bank and in hand54/58€1.4m€2.0m▲
Deferred charges and accrued income490/1€17,293€20,236▲
Equity and liabilities
Total equity and liabilities10/49€18.4m€19.6m▲
Equity10/15€4.9m€5.3m▲
Contributions10/11€500,000€500,000=
Capital10€500,000€500,000=
Issued capital100€500,000€500,000=
Reserves13€710,000€710,000=
Non-distributable reserves130/1€50,000€50,000=
Legal reserve130€50,000€50,000=
Distributable reserves133€660,000€660,000=
Profit (loss) carried forward14€3.6m€4.0m▲
Investment grants15€77,588€77,588=
Provisions and deferred taxes16€208,223€120,655▼
Provisions for liabilities and charges160/5€208,223€120,655▼
Other liabilities and charges164/5€208,223€120,655▼
Amounts payable17/49€13.3m€14.2m▲
Amounts payable after more than one year17€1.4m€1.2m▼
Financial debts170/4€1.4m€1.2m▼
Credit institutions173€1.4m€1.2m▼
Amounts payable within one year42/48€11.9m€13.0m▲
Current portion of amounts payable after more than one year42€244,500€244,500=
Trade debts44€3.6m€2.5m▼
Suppliers440/4€3.6m€2.5m▼
Advances received on contracts in progress46€7.2m€9.6m▲
Taxes, remuneration and social security45€591,424€461,429▼
Taxes450/3€209,866€139,369▼
Remuneration and social security454/9€381,558€322,061▼
Other amounts payable47/48€311,473€177,887▼
Accrued charges and deferred income492/3€0-
Income statement Code20232024
Operating income70/76A€20.9m€16.8m▼
Turnover70€23.1m€13.4m▼
Change in stocks of work in progress, finished goods and contracts in progress71-€2.9m€2.8m▲
Other operating income74€575,003€605,250▲
Non-recurring operating income76A€18,377€7,715▼
Operating charges60/66A€19.8m€16.1m▼
Goods for resale, raw materials and consumables60€12.4m€9.3m▼
Purchases600/8€12.6m€9.2m▼
Change in stocks: decrease (increase)609-€184,036€133,614▲
Services and other goods61€3.4m€3.1m▼
Remuneration, social security and pensions62€2.8m€2.7m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€882,428€1.0m▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€77,100-€12,006▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€47,322-€87,567▼
Other operating charges640/8€71,779€81,891▲
Non-recurring operating charges66A€20,978€4,176▼
Operating profit (loss)9901€1.1m€703,490▼
Financial income75/76B€131,336€88,075▼
Recurring financial income75€131,336€88,075▼
Income from current assets751€44,031€12,716▼
Other financial income752/9€87,305€75,359▼
Financial charges65/66B€36,865€108,289▲
Recurring financial charges65€36,865€108,289▲
Debt charges650€72,319€59,188▼
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651-€103,383-€16,079▲
Other financial charges652/9€67,929€65,180▼
Profit (loss) for the period before taxes9903€1.2m€683,276▼
Income taxes67/77€201,211€125,715▼
Taxes670/3€201,247€125,715▼
Tax adjustments and reversals of tax provisions77€36€0▼
Profit (loss) for the period9904€989,339€557,561▼
Profit (loss) for the period to be appropriated9905€989,339€557,561▼
Appropriation of the result
Profit (loss) to be appropriated9906€3.9m€4.1m▲
Profit (loss) brought forward from the previous period14P€2.9m€3.6m▲
Profit to be distributed694/7€300,000€165,000▼
Directors or managers695€300,000€165,000▼
Social balance
Average headcount (FTE)908739.635.6▼

The notes to these accounts (84 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Operating income70/76A-€16.1m€20.5m€20.9m€16.8m▼ 19.5%
Turnover70€14.4m€14.7m€17.9m€23.1m€13.4m▼ 42.1%
Change in stocks of work in progress, finished goods and contracts in progress71-€912,251€2.1m-€2.9m€2.8m▲ 197%
Other operating income74-€505,697€565,962€575,003€605,250▲ 5.3%
Non-recurring operating income76A--€2,145€18,377€7,715▼ 58.0%
Operating charges60/66A-€15.1m€19.3m€19.8m€16.1m▼ 18.6%
Goods for resale, raw materials and consumables60-€9.6m€12.7m€12.4m€9.3m▼ 25.1%
Purchases600/8-€9.8m€12.9m€12.6m€9.2m▼ 27.2%
Change in stocks: decrease (increase)609--€206,189-€122,554-€184,036€133,614▲ 173%
Services and other goods61-€2.6m€3.2m€3.4m€3.1m▼ 9.9%
Remuneration, social security and pensions62-€2.0m€2.3m€2.8m€2.7m▼ 4.2%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.0m€821,579€755,537€882,428€1.0m▲ 14.1%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€0-€4,450€77,100-€12,006▼ 116%
Provisions for liabilities and charges: additions (uses and reversals)635/8-€754€28,618€47,322-€87,567▼ 285%
Other operating charges640/8-€73,260€171,111€71,779€81,891▲ 14.1%
Non-recurring operating charges66A--€37,449€20,978€4,176▼ 80.1%
Operating profit (loss)9901€1.2m€1.0m€1.3m€1.1m€703,490▼ 35.8%
Financial income75/76B-€161,749€149,896€131,336€88,075▼ 32.9%
Recurring financial income75€53,121€161,749€149,896€131,336€88,075▼ 32.9%
Income from current assets751-€9,927€31,915€44,031€12,716▼ 71.1%
Other financial income752/9-€151,822€117,981€87,305€75,359▼ 13.7%
Financial charges65/66B-€43,039€187,552€36,865€108,289▲ 194%
Recurring financial charges65€42,109€43,039€187,552€36,865€108,289▲ 194%
Debt charges650€25,160€18,449€11,046€72,319€59,188▼ 18.2%
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651--€119,462-€103,383-€16,079▲ 84.4%
Other financial charges652/9-€24,590€57,044€67,929€65,180▼ 4.0%
Profit (loss) for the period before taxes9903€1.2m€1.2m€1.2m€1.2m€683,276▼ 42.6%
Transfer from deferred taxes780-€0----
Income taxes67/77€315,440€279,463€285,355€201,211€125,715▼ 37.5%
Taxes670/3-€279,463€285,775€201,247€125,715▼ 37.5%
Tax adjustments and reversals of tax provisions77--€420€36€0▼ 100%
Profit (loss) for the period9904€881,533€877,389€941,175€989,339€557,561▼ 43.6%
Transfer from tax-exempt reserves789-€0----
Profit (loss) for the period to be appropriated9905€881,621€877,389€941,175€989,339€557,561▼ 43.6%
Line20202021202220232024Change
Assets
Total assets20/58€12.3m€14.1m€14.4m€18.4m€19.6m▲ 6.6%
Fixed assets21/28€3.7m€3.2m€3.4m€8.8m€9.5m▲ 8.6%
Intangible fixed assets21€152,804€77,930€12,414€0--
Tangible fixed assets22/27€3.4m€2.9m€3.2m€8.6m€9.4m▲ 8.7%
Land and buildings22-€1.4m€1.5m€4.4m€5.1m▲ 14.0%
Plant, machinery and equipment23-€1.4m€1.5m€3.6m€3.7m▲ 3.8%
Furniture and vehicles24-€103,456€169,400€565,507€558,925▼ 1.2%
Leasing and similar rights25-€73,420€35,001€0--
Financial fixed assets28€102,541€152,541€152,676€152,676€153,076▲ 0.3%
Companies linked by participating interests282/3-€150,000€150,000€150,000€0▼ 100%
Participating interests282-€150,000€150,000€150,000€0▼ 100%
Other financial fixed assets284/8-€2,541€2,676€2,676€153,076▲ 5,620%
Shares284-€2,000€2,000€2,000€152,000▲ 7,500%
Amounts receivable and cash guarantees285/8-€541€676€676€1,076▲ 59.1%
Current assets29/58€8.7m€10.9m€11.0m€9.6m€10.1m▲ 4.8%
Stocks and contracts in progress3€677,153€2.4m€2.6m€2.2m€1.4m▼ 34.2%
Stocks30/36-€883,342€1.0m€1.2m€1.1m▼ 11.2%
Raw materials and consumables30/31-€883,342€1.0m€1.2m€1.1m▼ 11.2%
Contracts in progress37-€1.5m€1.6m€976,970€369,646▼ 62.2%
Amounts receivable within one year40/41€2.9m€4.8m€3.2m€4.3m€5.8m▲ 36.0%
Trade receivables40-€4.6m€3.0m€4.2m€5.7m▲ 36.3%
Other amounts receivable41-€235,077€214,241€115,736€142,671▲ 23.3%
Current investments50/53-€1.0m€995,514€1.8m€842,816▼ 52.7%
Other investments51/53-€1.0m€995,514€1.8m€842,816▼ 52.7%
Cash at bank and in hand54/58€4.4m€2.6m€4.1m€1.4m€2.0m▲ 43.1%
Deferred charges and accrued income490/1-€16,000€41,125€17,293€20,236▲ 17.0%
Equity and liabilities
Total equity and liabilities10/49€12.3m€14.1m€14.4m€18.4m€19.6m▲ 6.6%
Equity10/15€3.7m€3.6m€4.2m€4.9m€5.3m▲ 8.0%
Contributions10/11€500,000€500,000€500,000€500,000€500,000=
Capital10-€500,000€500,000€500,000€500,000=
Issued capital100-€500,000€500,000€500,000€500,000=
Reserves13€710,000€710,000€710,000€710,000€710,000=
Non-distributable reserves130/1-€50,000€50,000€50,000€50,000=
Legal reserve130-€50,000€50,000€50,000€50,000=
Distributable reserves133-€660,000€660,000€660,000€660,000=
Profit (loss) carried forward14€2.2m€2.3m€2.9m€3.6m€4.0m▲ 10.9%
Investment grants15-€160,810€112,248€77,588€77,588=
Provisions and deferred taxes16€131,529€132,283€160,901€208,223€120,655▼ 42.1%
Provisions for liabilities and charges160/5-€132,283€160,901€208,223€120,655▼ 42.1%
Other liabilities and charges164/5-€132,283€160,901€208,223€120,655▼ 42.1%
Amounts payable17/49€8.6m€10.3m€10.0m€13.3m€14.2m▲ 6.8%
Amounts payable after more than one year17€1.6m€1.3m€476,250€1.4m€1.2m▼ 17.2%
Financial debts170/4-€1.3m€476,250€1.4m€1.2m▼ 17.2%
Leasing and similar obligations172-€53,561€0---
Credit institutions173-€1.2m€476,250€1.4m€1.2m▼ 17.2%
Amounts payable within one year42/48€6.8m€8.9m€9.5m€11.9m€13.0m▲ 9.7%
Current portion of amounts payable after more than one year42-€421,231€158,561€244,500€244,500=
Trade debts44€3.2m€2.8m€2.6m€3.6m€2.5m▼ 29.6%
Suppliers440/4-€2.8m€2.6m€3.6m€2.5m▼ 29.6%
Advances received on contracts in progress46-€4.4m€5.9m€7.2m€9.6m▲ 34.5%
Taxes, remuneration and social security45-€512,760€371,756€591,424€461,429▼ 22.0%
Taxes450/3-€274,499€64,836€209,866€139,369▼ 33.6%
Remuneration and social security454/9-€238,261€306,920€381,558€322,061▼ 15.6%
Other amounts payable47/48-€808,138€358,788€311,473€177,887▼ 42.9%
Accrued charges and deferred income492/3-€51,875€38,810€0--
Line20202021202220232024Change
Profit (loss) for the period9904€881,533€877,389€941,175€989,339€557,561▼ 43.6%
+ Depreciation and write-downs630€1.0m€821,579€755,537€882,428€1.0m▲ 14.1%
Operating cash flow (approximation)€1.9m€1.7m€1.7m€1.9m€1.6m▼ 16.4%
Investment in fixed assets (approximation)--€321,492-€938,376-€6.3m-€1.8m▲ 72.1%
Change in cash--€1.8m€1.5m-€2.7m€600,342▲ 122%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

2026
25-09
State Gazette act Appointment: BV SG PROJECT CONSULT (director)
Permanent representative: Steven Goegebeur · Reappointment: Callens Vandelanotte NV (statutory auditor)4 facts ▸
  • General meeting, 05-06-2026
  • Director appointment, BV SG PROJECT CONSULT (director)
  • Permanent representative, Steven Goegebeur (permanent representative)
  • Auditor reappointment, Callens Vandelanotte NV (statutory auditor)
17-08
State Gazette act Capital & shares · Restructuring
Demerger · Auditor report · Shareholding20 facts ▸
  • General meeting, 16-07-2026
  • General meeting, 16-07-2026
  • Other statement, neerlegging en bekendmaking vereniging alle aandelen, neerlegging en mededeling bekendmaking in Bijlagen Belgisch Staatsblad
  • Other statement, kennisname wijziging vermogenstoestand, INZAKE DE GERUISLOZE PARTIELE SPLITSING
  • Other statement, afstand splitsingsverslaggeving geruisloze partiele splitsing, DERDE BESLUIT - AFSTAND VAN DE SPLITSINGSVERSLAGEN
  • Demerger, bestuursorganen Te Splitsen Vennootschap en Verkrijgende Vennootschap in gezamenlijk overleg, vergaderingen aanvaarden uiteenzetting in voorstel
  • Other statement, kennisname verslag inbreng in natura bestuursorgaan Verkrijgende Vennootschap, artikelen 5:121§1 en 5:133§1 WVV
  • Auditor report, geen bevindingen van materieel belang, EUR
  • Shareholding, 4400
  • Shareholding, MWM
  • Other statement, geen uitgifte nieuwe aandelen en geen omwisseling aandelen, MWM BV bezit reeds alle aandelen van MATTHYS NV en MGC Subcontracting BV
  • Other statement, geen uitspraak over geschiktheid,opportuniteit,waardering vergoeding,rechtmatigheid en billijkheid, no fairness opinion
  • +8 further facts in this act
2025
04-07
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial Equity above €5mEq €5.3m ▲8%
7 profitable years in a row build equity to €5.3m.
05-07
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial Highest result since 2018net €989,339 ▲5.1%
Net result €989,339, the highest in the series.
30-06
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
28-06
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
23-06
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
30-06
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
05-07
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
27-06
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
14-07
NBB filing Annual accounts filed
fiscal year 2016 · full schema
2016
14-07
NBB filing Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
2 of 17 acts read
About the unread acts

Of the 17 Belgian State Gazette acts we know for this company, 2 have been read. The other 15 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
1 director, last change in 2026

Board 1

SG Project Consult
Director · since 05-06-2026 · Private limited company · perm. rep.: Steven Goegebeur
Current

Permanent representatives 1

Steven Goegebeur
Permanent representative · since 05-06-2026 · for SG Project Consult
Current

Statutory auditor 1

CALLENS VANDELANOTTE
Statutory auditor · since 05-06-2026
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
15 of this company's 17 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Waregem · 1 establishment unit since 1985
seat establishment The establishment unit on the map
Ground area
3.4 ha
Building footprint
1.9 ha
Parcel 34010B0387/00T003, Flanders. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
MATTHYS
Leemputstraat 75, 8792 WaregemManufacture of machinery and equipment not elsewhere classified
since 19852.102.546.165
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34010B0387/00T003 Flanders 3.4 ha 1 · 1.9 ha -
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Mandate history

2 people since 2026, 2 in office
Show
  • Board
  • Statutory auditor
Mandates per person, with start and end dates
Name Functions and periods
SG Project Consult
  • Director, from 05-06-2026 to date
CALLENS VANDELANOTTE
  • Statutory auditor, from 05-06-2026 to date
See the board, name and seat on a given date →

Articles of association

Transfer restriction
11, mits naleving toepasselijke overdrachtsbeperkingen
Board rule
Raad van bestuur, collegiaal bestuursorgaan
Other statement
Niet aangenomen, organisatie en bijeenroeping collegiaal bestuursorgaan

Structure & network

Owners and holdings

1 owner · 1 holding

Chain of control

  1. MWM 100%
  2. MATTHYS

Highest known parent: MWM. The sources do not say who stands above it.

Owners 1

Holdings 1

According to the 2023 annual accounts of MATTHYS and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

1 current director
Depth

The group is listed under Ownership & control below; here you explore it as a network.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, scroll to zoom.

Acquisitions and mergers

1 transaction
Demerger with:MWM
BE 0454.725.112partial demerger · proposal · State Gazette act of 17-08-2026 (2 acts)

Capital and shareholders

Shareholders according to the acts
Stated in the act act of 17-08-2026 ↗
  • MWM (BE 0454.725.112) all shares

The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.

Capital over the years
  1. 17-08-2026 Capital reduction of 421,392.39 EUR · to 78,607.61 EUR · in a demerger

Public money · subsidies and aid

Flemish government

2022 to 2025 · 9 entries · 27,452 EUR awarded · 27,432 EUR paid
Year Entries awardedpaid
2025 2 3,626 EUR3,616 EUR
2024 2 9,056 EUR9,046 EUR
2023 3 7,912 EUR7,952 EUR
2022 2 6,858 EUR6,818 EUR
Schemes
4 entries · 14,466 EUR · 14,466 EUR paid · Vlaams Agentschap voor Internationaal Ondernemen
4 entries · 11,878 EUR · 11,858 EUR paid · Fonds voor Innoveren en Ondernemen
1 entry · 1,108 EUR · 1,108 EUR paid · Departement Werk en Sociale Economie

Recognitions · licences · registrations

Legal Entity Identifier

699400LB03DY6OJLPJ41
live in the LEI register

Similar companies · same sector, comparable size

Of 3,984 companies in sector 25110 we hold annual accounts for 2,145. 624 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded24-12-1985
Fiscal year end31-12
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
28940Manufacture of machinery and equipment not elsewhere classified
E-invoicing
Reachable via Peppol
Peppol ID 0208:0428216594
Registered 23-04-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.