What is the address of MARTIN MATHYS?

The registered office of MARTIN MATHYS is located at Kolenbergstraat 23, 3545 Halen.

Is MARTIN MATHYS still active?

Yes. According to the CBE (30 October 2026) MARTIN MATHYS is active, legal situation “Normale toestand”, started on 30 June 1989.

Is MARTIN MATHYS registered on Peppol?

Yes, MARTIN MATHYS is registered on the Peppol network with ID 0208:0437896404.

What is the enterprise number of MARTIN MATHYS?

The enterprise number of MARTIN MATHYS is BE0437896404.

When was MARTIN MATHYS founded?

MARTIN MATHYS was founded on 30 June 1989.

Who are the directors of MARTIN MATHYS?

According to the 2026 annual accounts, the directors of MARTIN MATHYS are: Frank Costermans, Thomas James Lowdon, Andrew White, Hilde Maria Eleonora De Backer.

Is MARTIN MATHYS a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 30 June 1989; 5 annual accounts filed, latest fiscal year 2026; 4 directors known from the annual account.

How much profit did MARTIN MATHYS make in 2026?

MARTIN MATHYS recorded a loss after taxes of € 4,876,367 in financial year 2026.

What is the revenue of MARTIN MATHYS?

In its most recent annual accounts (2026), MARTIN MATHYS reported revenue of € 56,753,099.

How much does an employee at MARTIN MATHYS earn?

The average wage cost per full-time employee at MARTIN MATHYS was € 80,400 in 2026: staff costs of € 13.9 million for 172.7 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does MARTIN MATHYS have?

According to the 2026 annual accounts, MARTIN MATHYS has 172.7 full-time equivalents (FTE).

MARTIN MATHYS (Public Limited) - Halen - BE0437896404

Q: What does MARTIN MATHYS do?

MARTIN MATHYS is registered with the CBE as active in: Vervaardiging van verf, vernis ed, drukinkt en mastiek. Public Limited, started on 30 June 1989, 1 establishment.

Dossier MARTIN MATHYS, printed on 30 October 2026 from databakkes.be/en/0437896404/martin-mathys. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Tight liquidity NBB

Cash and receivables cover 38 % of short-term debt in 2026; threshold 65 %.

Financials

Financial year 2026

MARTIN MATHYS from Halen, company number BE0437896404, closed financial year 2026 with a result of € -4.9 million after tax. For that financial year MARTIN MATHYS recorded revenue of € 56.8 million and equity of € 12.9 million. Compared with financial year 2025, the result moved from € 1.4 million to € -4.9 million. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on October 14, 2026.

What it is worth Healthy

€ 12.9 million

▼ 27% vs 2025

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -4.9 million

▼ still € 1.4 million profit in 2025

Profit after tax over the fiscal year.

Cash in the bank

€ 7,817

▼ 44% vs 2025

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € 3.5 million.

People and assets in 2026

Full-time equivalents

172.7

▲ 18.9 vs 2025

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 21.1 million in 2026, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 13.9 million

▲ 8% vs 2025

€ 80,400 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 161,367

▲ 209% vs 2025

Book value of vehicles, furniture and equipment.

Debts at end 2026

Bank debt

€ 10 million

Loans from banks and other lenders, long and short.

Owed to suppliers

€ 15.5 million

▲ 24% vs 2025

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 102 days on average.

Taxes and wages

€ 2.6 million

▲ 5% vs 2025

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2023	2024	2025	2026	Change 2025 → 2026
Revenue	€ 51,120,117 Revenue 2023: € 51,120,117 First fiscal year in the series	€ 50,432,696 Revenue 2024: € 50,432,696 ▼ 1% vs 2023 (€ 51,120,117) Unfavourable step	€ 56,533,869 Revenue 2025: € 56,533,869 ▲ 12% vs 2024 (€ 50,432,696) Favourable step	€ 56,753,099 Revenue 2026: € 56,753,099 Unchanged (€ 56,533,869) Favourable step
Profit after taxes	€ 1,660,006 Profit after taxes 2023: € 1,660,006 First fiscal year in the series	€ 2,115,523 Profit after taxes 2024: € 2,115,523 ▲ 27% vs 2023 (€ 1,660,006) Favourable step	€ 1,444,229 Profit after taxes 2025: € 1,444,229 ▼ 32% vs 2024 (€ 2,115,523) Unfavourable step	€ -4,876,367 Profit after taxes 2026: € -4,876,367 ▼ € 6.3 million vs 2025 (€ 1,444,229) Unfavourable step	▼ € 6.3 million
Equity	€ 24,215,188 Equity 2023: € 24,215,188 First fiscal year in the series	€ 16,330,711 Equity 2024: € 16,330,711 ▼ 33% vs 2023 (€ 24,215,188) Unfavourable step	€ 17,774,940 Equity 2025: € 17,774,940 ▲ 9% vs 2024 (€ 16,330,711) Favourable step	€ 12,898,573 Equity 2026: € 12,898,573 ▼ 27% vs 2025 (€ 17,774,940) Unfavourable step	▼ 27%
Total debts	€ 7,788,506 Total debts 2023: € 7,788,506 First fiscal year in the series	€ 10,557,442 Total debts 2024: € 10,557,442 ▲ 36% vs 2023 (€ 7,788,506) Unfavourable step	€ 15,678,991 Total debts 2025: € 15,678,991 ▲ 49% vs 2024 (€ 10,557,442) Unfavourable step	€ 32,407,573 Total debts 2026: € 32,407,573 ▲ 107% vs 2025 (€ 15,678,991) Unfavourable step	▲ 107%
Cash	€ 19,574 Cash 2023: € 19,574 First fiscal year in the series	€ 20,789 Cash 2024: € 20,789 ▲ 6% vs 2023 (€ 19,574) Favourable step	€ 13,909 Cash 2025: € 13,909 ▼ 33% vs 2024 (€ 20,789) Unfavourable step	€ 7,817 Cash 2026: € 7,817 ▼ 44% vs 2025 (€ 13,909) Unfavourable step	▼ 44%
Land & buildings	€ 1,261,748 Land & buildings 2023: € 1,261,748 First fiscal year in the series	€ 1,274,045 Land & buildings 2024: € 1,274,045 ▲ 1% vs 2023 (€ 1,261,748) Unchanged	€ 1,499,757 Land & buildings 2025: € 1,499,757 ▲ 18% vs 2024 (€ 1,274,045) Unchanged	€ 1,678,700 Land & buildings 2026: € 1,678,700 ▲ 12% vs 2025 (€ 1,499,757) Unchanged	▲ 12%
Retained profit	€ 14,853,188 Retained profit 2023: € 14,853,188 First fiscal year in the series	€ 6,968,711 Retained profit 2024: € 6,968,711 ▼ 53% vs 2023 (€ 14,853,188) Unfavourable step	€ 8,412,940 Retained profit 2025: € 8,412,940 ▲ 21% vs 2024 (€ 6,968,711) Favourable step	€ 3,536,573 Retained profit 2026: € 3,536,573 ▼ 58% vs 2025 (€ 8,412,940) Unfavourable step	▼ 58%
Dividend	€ 0 Dividend 2023: € 0 First fiscal year in the series	€ 10,000,000 Dividend 2024: € 10,000,000 Unchanged (€ 0) Unchanged	€ 0 Dividend 2025: € 0 ▼ 100% vs 2024 (€ 10,000,000) Unchanged	€ 0 Dividend 2026: € 0 Unchanged (€ 0) Unchanged
Bank debt	€ 0 Bank debt 2023: € 0 First fiscal year in the series	€ 0 Bank debt 2024: € 0 Unchanged (€ 0) Unchanged	€ 0 Bank debt 2025: € 0 Unchanged (€ 0) Unchanged	€ 10,000,000 Bank debt 2026: € 10,000,000 Unchanged (€ 0) Unfavourable step
Balance sheet total	€ 32,036,201 Balance sheet total 2023: € 32,036,201 First fiscal year in the series	€ 26,951,898 Balance sheet total 2024: € 26,951,898 ▼ 16% vs 2023 (€ 32,036,201) Unchanged	€ 33,453,931 Balance sheet total 2025: € 33,453,931 ▲ 24% vs 2024 (€ 26,951,898) Unchanged	€ 45,462,948 Balance sheet total 2026: € 45,462,948 ▲ 36% vs 2025 (€ 33,453,931) Unchanged	▲ 36%
Employees (FTE)	174.8 Employees (FTE) 2023: 174.8 First fiscal year in the series	162.9 Employees (FTE) 2024: 162.9 ▼ 11.9 vs 2023 (174.8) Unchanged	153.8 Employees (FTE) 2025: 153.8 ▼ 9.1 vs 2024 (162.9) Unchanged	172.7 Employees (FTE) 2026: 172.7 ▲ 18.9 vs 2025 (153.8) Unchanged	▲ 18.9

Key figures of MARTIN MATHYS, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 December 2027.

What happened to MARTIN MATHYS?

What happened at MARTIN MATHYS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2031 Thomas James Lowdon stepped down as director. NBB
2031 Hilde Maria Eleonora De Backer stepped down as director. NBB
2029 Frank Costermans stepped down as director. NBB
Oct 14, 2026 New annual accounts for financial year 2026: loss of € 4.9 million (▼ € 6.3 million vs 2025). Source: NBB ↗
2026 Hilde Maria Eleonora De Backer became a director. NBB
2025 Thomas James Lowdon became a director. NBB
2025 Andrew White stepped down as director. NBB
2023 Frank Costermans became a director. NBB

In short

From € 1.7 million profit in 2023 to € 4.9 million loss in 2026.

Paid € 2.1 million in corporate taxes since 2023.

Best year ever: 2024, with € 2.1 million profit.

Paid out € 10 million in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

RPM Europe Holdco BV 100%

MARTIN MATHYS

The shares are held by RPM Europe Holdco BV (100%).

Directors

According to the 2026 annual accounts

Frank Costermans

Managing director

since 2023 · until 2029

Thomas James Lowdon

Director

Also active at: RPM Europe Logistics

since 2025 · until 2031

Andrew White

Director

since 2023 · until 2025

Hilde Maria Eleonora De Backer

Director

since 2026 · until 2031

Shareholders

RPM Europe Holdco BV

100%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Kolenbergstraat 23

3545 Halen

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.

All companies at this address →

RPM Europe Logistics same network

€ 3 million revenue · 2026

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0437.896.404

VAT number

BE 0437.896.404

Registered office

Kolenbergstraat 23, 3545 Halen

Names & denominations

MARTIN MATHYS

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

30 June 1989

Peppol

Active · Active since 23 Dec 2025

Activities · NACE

Vervaardiging van verf, vernis ed, drukinkt en mastiek

Vervaardiging van verf, vernis e.d., drukinkt en mastiek

View on CBE Public ↗ Annual accounts (NBB) ↗

MARTIN MATHYS

Warning lights

Financials

What happened to MARTIN MATHYS?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions