Equity
€5.8m from €30.8m in 2010
Equity fell by 81% in 15 years.
MATEXI CITY DEVELOPMENT
Lifetime
20 annual accounts with figures on one time axis, 28 filings since 1998Turnoverpeak €42.0m (2009)
-not published
Resultlowest -€4.0m (2012)
€2,402▼ 98.1%
Equitypeak €30.8m (2010)
€5.8munchanged
Debts
€64,177▼ 95.9%
Staffpeak 23.7 FTE (2012)
-not published
Board7 names since 2019
3 directorsRealize BV and 2 others
Owners6 names in the annual accounts
100%MAATSCHAPPIJ TOT EXPLOITATIE VAN IMMOBILIEN and 2 others
Documentsfilings and deeds
10-07-202621 days before the deadline
2025financial year
Gross margin from -€429,521 to -€185,769Result from €129,732 to €2,402Debts from €1.5m to €64,177
Key points
from the 2025 annual accountsResult
€2,402 ▼ 98.1%
The result fell in 2025: different schema filed.
Liquidity
6.76 was 0.81 in 2024
Short-term debts fell from €753,333 to €59,527.
Filings
28 annual accounts 32 filings since 1998
The last five annual accounts were filed 21 to 59 days before the end of the period.
At the same address
26 companies
Position in the sector
98.9%
Higher solvency than 95% of companies in real estate. Sector median 38.2% · 5,803 companies.
Checked score
94
Excellent
Financially stronger than 67% of small companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 6,996 companies (NACE 68, small).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.3%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 0.2%▼ -0.1 percentage points 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 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.1%▼ -0.1 percentage points vs 07-2026lowest value
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 6.76
lowers risk
Founded in 1997
Equity €5.8m (98.9% of total assets)
Figures for financial year 2025 (filed on 10-07-2026)
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 68, small). It does better than 92% of them on solvency, 99% on liquidity, 35% on profitability and 43% on growth.
The bankruptcy probability was computed on 05-11-2026 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).
Credit verdict
Credit of up to €500,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 6.76 (0.81 in 2024), above the usual 1.5. Short-term debt is 1% of total assets. 1.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 days early
2024
34 days early
2023
33 days early
2022
59 days early
2021
38 days early
2020
47 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 37 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% 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 27 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- MAATSCHAPPIJ TOT EXPLOITATIE VAN IMMOBILIEN 100%score 92equity €327.2m (2025) · 2025 annual accounts of MAATSCHAPPIJ TOT EXPLOITATIE VAN IMMOBILIEN
- Abacus Invest NV consolidatesscore 84equity €571.6m (2025) · annual accounts 2025
Shares in 1 company, Militair Hospitaal Antwerpen
Board & ownershipRecent changes
2 directors appointed, 1 resignation
Resignation: Realize BV (managing director) · Permanent representatives: Olivier Lambrecht, Gaëtan Hannecart, Rik Neckebroeck and Ivan Van de Maele · Appointments: Vauban NV and RisasoN BV · General meeting of 20-03-2024 · Gazette deed
Capital decrease of €21,000,000 to €5,000,000
Capital from €26,000,000 to €5,000,000 · Appointment: ERNST en YOUNG BEDRIJFSREVISOREN (statutory auditor) · Resignations: PG CONSULTING, REALIZE and DE BLAUWHOEVE · General meeting of 21-12-2023 · Gazette deed
Appointment: VGD BEDRIJFSREVISOREN (statutory auditor)
A shareholder holds all the shares · General meeting of 20-12-2022 · Gazette deed
New managing director
Realize BV appointed, Vauban NV resigned · Permanent representatives: Gaëtan Hannecart, Olivier Lambrecht, Ivan Van de Maele and Philip Goris · Director discharge: Vauban NV · Board meeting of 13-09-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| MATEXI CITY DEVELOPMENT Waregem | €5.8m | -€185,769 | 98.9% | - |
| KEERHOF Ranst | €4.3m | -€11,086 | 76.0% | - |
| TIENEN INVEST MAATSCHAPPIJ Tienen | €3.6m | -€89,201 | 45.0% | - |
| COMPAGNIE DE PROMOTION DE L'ESPLANADE Brussels | €10.2m | -€231,525 | 38.1% | - |
| Site-Ontwikkeling Vlaanderen Mol | €10.9m | -€16,840 | 25.9% | - |
| MEMCO Saint-Josse-ten-Noode | €2.9m | €264 | 46.8% | 4.3 |
| PADEM Knokke-Heist | €3.2m | -€5,910 | 16.1% | - |
These companies have the same main activity as MATEXI CITY DEVELOPMENT: development of non-residential building projects (NACE 68122). They are comparable in size and age: total assets between €2.9m and €11m, founded between 1989 and 2002.
Official details
Source: KBO- Status
- Active since 07-05-1997Normal situation
- Registered office
- 27 active companies are registered at this addressSource: KBO register, as of 6 November 2026.
- Activity
- Development of non-residential building projectsNACE 68122
- Establishment unit
- 2.219.229.5448790 Waregem, since 24-05-2013
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- Total assets
- €5.8m▼ 20.3%
- Filing
- Filed on 10-07-2026, 21 days before the end of the filing period
Companies linked to MATEXI CITY DEVELOPMENT
Parent and group
Insights on MATEXI CITY DEVELOPMENT
MATEXI CITY DEVELOPMENT has existed since 1997. In 2016 turnover rose from €1.0m to €11.2m.
Solvency rose in 2025 from 78.8% to 98.9% because of the retained profit and lower debts.
MAATSCHAPPIJ TOT EXPLOITATIE VAN IMMOBILIEN holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MATEXI CITY DEVELOPMENT
- What is the company number of MATEXI CITY DEVELOPMENT?
- The company number of MATEXI CITY DEVELOPMENT is 0460.631.818. The VAT number is the same number with BE in front: BE 0460.631.818.
- Where is MATEXI CITY DEVELOPMENT based?
- The registered office is at Franklin Rooseveltlaan 180, 8790 Waregem.Company details
- What does MATEXI CITY DEVELOPMENT do?
- According to the KBO register, the main activity is development of non-residential building projects (NACE 68122).
- What is the legal form of MATEXI CITY DEVELOPMENT?
- MATEXI CITY DEVELOPMENT is a public limited company (NV).
- When was MATEXI CITY DEVELOPMENT founded?
- MATEXI CITY DEVELOPMENT was founded on 07-05-1997.
- Is MATEXI CITY DEVELOPMENT still active?
- Yes, MATEXI CITY DEVELOPMENT is an active enterprise in the KBO register.
- What is the turnover of MATEXI CITY DEVELOPMENT?
- The annual accounts for financial year 2025 state no turnover. In financial year 2020 turnover was €5.2m.Financials
- Is MATEXI CITY DEVELOPMENT profitable?
- In financial year 2025, MATEXI CITY DEVELOPMENT made a profit of €2,402.
- Where can I find the annual accounts of MATEXI CITY DEVELOPMENT?
- MATEXI CITY DEVELOPMENT filed 32 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MATEXI CITY DEVELOPMENT due?
- MATEXI CITY DEVELOPMENT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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