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MATTHYS

Active
Public limited companyfounded 1985active for 40 yearsLeemputstraat 75, 8792 Waregem, BelgiumKBO/BCE: BE 0428.216.594
Summary

MATTHYS has been active since 1985 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.9m and a net result of €989,279. Equity is growing by about 13% per year across the filed financial years. Its solvency ranks better than 29% of 819 sector peers (NACE 25, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Activity
Manufacture of metal structures and parts of structures
NACE 25110Manufacture of machinery and equipment not elsewhere classified NACE 28940
1 site
Size
€19.1mturnover 2025
Staff
34.2 FTE
Equity
€5.9m
Profit
€989,279
Financial health
90 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Structure
Parent
MWM · 100%
Board
4 members
Holdings
1
Auditor: CALLENS VANDELANOTTEAccounts 32 days early4 of 17 deeds read
Why 90raises riskSector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)lowers riskFounded in 1985Size: turnover €19.1m, 34.2 FTE, total assets €20.0mProfit of €989,279 (financial year 2025)Show the evidence

Checked score

Score 2025
90 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 46% of its sector peers (NACE 25, small)
Financial strength · tick = 2024
Average
Solvency 55+3
equity 29.7% of total assets
Liquidity 26-1
short-term debt 64.8% · cash 8.1%
Profitability 72=
return on assets 4.9%
Bankruptcy probability, 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 0.3% (747 companies, NACE 25, small)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 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: 0.2%● unchanged 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 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.5%▲ +0.3 percentage points vs 07-2026 09-2026: 0.6%▲ +0.1 percentage points vs 08-2026highest value 10-2026: 0.1%▼ -0.5 percentage points vs 09-2026lowest value
Credit of up to €500,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.85, compared with 0.77 in 2024, below 1; short-term debt: 64.8% and cash: 8.1% of total assets), and 70.3% of the assets are financed with debt and provisions.
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 25, small): better than 31% on solvency, 16% on liquidity, 52% on profitability and 85% on growth.

The bankruptcy probability was computed on 19-10-2026 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

Five signals.
lowers riskraises riskneutral
raises risk · Sector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
KBO
lowers risk · Founded in 1985
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Size: turnover €19.1m, 34.2 FTE, total assets €20.0m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Profit of €989,279 (financial year 2025)
NBB · annual accounts
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 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
32 days early
2024
27 days early
2023
26 days early
2022
31 days early
2021
33 days early
2020
38 days early
2019
31 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 31 days before the deadline; the sector median (NACE 25) for financial year 2024 is 7 days before the deadline, and 35% 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 30 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
20-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Appointment: BV SG PROJECT CONSULT (director)Permanent representative: Steven Goegebeur ·…
  2. Capital & shares · RestructuringDemerger · Auditor report ·…
  3. Annual accounts filedfinancial year 2025 · full…

Key points

  • Positive: Result rose in 2025from €557,561 to €989,279 ▲ 77.4% View
  • Positive: Among the best 15% on net resultsector median €79,379 · 819 companies €989,279 View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Positive: 8 profitable years in a rowprofit 2025: €989,279 8 years View
  • Controlled by MWM 100% View
  • New directorlatest change 05-06-2026 · 4 in office 1 joined View

By topic

Financials

Financial year
2025
Turnover
€19.1m
Profit
€989,279
Solvency
29.7%
Turnover▲ 42.8%
Net result
20182025
Go to Financials

Board & ownership

Board
4 members
Parent
MWM · 100%
Auditor
CALLENS VANDELANOTTE
  • Bloom ManagementManaging director
  • JME SolutionsManaging director
  • ValmacoManaging director
  • SG Project ConsultDirector
Go to Board & ownership

Network & group

Holdings
1
Connected companies
3
Mergers and asset contributions
1

1 holding

Go to Network & group

Timeline

Events
46
Since
1986
Next accounts
by 31-07-2027
  1. 10-06-2026Restructuring
  2. 25-09-2025Appointments: Bloom Management BV, JME Solutions BV…
  3. 04-07-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Manufacture of metal structures and parts of structuresNACE 25110
Founded
24-12-1985
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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