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 79% of 266 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.
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 · 2024How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| 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 | €58k | |
| Employees (FTE) | 621.9 | 4.4 |
| Fiscal year | 2024 |
|---|---|
| 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 |
| 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 · computedUnlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Directors
Directors & mandates
52 directors-
Current03-06-2025 → present
-
Current03-06-2025 → present
-
Current01-01-2025 → present
-
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· Director
- 07-06-2011 Appointed· Afgevaardigd bestuurder
- 01-06-2010 Appointed· Director
- 01-06-2010 Appointed· Managing director
- 18-08-2008 Appointed· Managing director
- 03-06-2008 Mandate renewed· Bestuurder klasse a
-
BEspiredLegal entityDirector· perm. rep.: Bart Van der SchuerenState Gazette act 24176103 (16-12-2024)Current01-01-2024 → present
-
De Vet ManagementLegal entityManaging director· perm. rep.: Brigitte de Vet-VeithenState Gazette act 24176103 (16-12-2024)Current01-01-2024 → present
-
Current01-01-2024 → present
-
Current01-01-2024 → present
-
Current01-01-2024 → present
-
Super Mare & ParkLegal entityDirector· 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)
-
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
-
Former- → 01-01-2024
-
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
-
Former01-01-2017 → 30-06-2017
2 events
- 30-06-2017 Resigned· Director
- 01-01-2017 Appointed· Lid van het directiecomité
-
Former07-06-2011 → 21-11-2012
4 events
- 21-11-2012 Resigned· Director
- 05-06-2012 Appointed· Director
- 20-07-2011 Appointed· Director
- 07-06-2011 Appointed· Director
Statutory auditor
5 auditors| Statutory auditor | IRE/IBR number | Tenure |
|---|---|---|
| KPMG Réviseurs d'EntreprisesCurrent Company auditor · represented by Tim Vermeiren |
- | 27-07-2023 → present |
| 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
56 connected companiesLocations & real estate
Establishment 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 verified actsWhat 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)
- 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
Show 12 older acts
What every Belgian State Gazette publication actually says, each act broken down into appointments, capital movements, seat moves and statute amendments.
- 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
Snowflake analysis
financial profile on 5 axesExceptional profile, strong across almost every axis.
Ask AI about this company
Checked AISoon: ask questions about this dossier, risks, curator, sector comparison, answered from the official data on this page.
AI due-diligence brief
Checked AIGenerate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
Credit advice
verdict per customer and amountSimilar
Similar companies
Largest companies in this sector: this company is among the largest, so we show the sector's topCompany registry
Company registry (CBE)
Crossroads Bank| Legal nameNL | MATERIALISE |