Financials
Financial year 2025
MATGECO from Nivelles, company number BE0472214014, closed financial year 2025 with a result of € 653,418 after tax. For that financial year MATGECO recorded a gross margin of € 1.3 million and equity of € 3 million. Compared with financial year 2024, the result moved from € 911,001 to € 653,418. The company is profitable. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 22, 2026.
€ 3 million
▼ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 653,418
▼ 28% vs 2024
Profit after tax over the fiscal year.
€ 664,313
▲ 13% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 750,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
7.6
▲ 1.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 459,057
▲ 43% vs 2024
€ 60,400 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.
€ 621,751
▲ 5% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.1 million
▼ 12% vs 2024
€ 144,891 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 81,138
▼ 28% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 105,574
▼ 7% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 859,581 | € 999,645 | € 1,441,120 | € 1,301,717 | ▼ 10% |
| Profit after taxes | € 685,670 | € 831,292 | € 911,001 | € 653,418 | ▼ 28% |
| Equity | € 2,361,075 | € 2,692,367 | € 3,103,368 | € 3,006,786 | ▼ 3% |
| Total debts | € 1,846,195 | € 2,577,988 | € 2,581,009 | € 2,647,226 | ▲ 3% |
| Cash | € 744,017 | € 444,242 | € 587,392 | € 664,313 | ▲ 13% |
| Land & buildings | € 1,380,885 | € 2,503,035 | € 2,527,216 | € 2,380,235 | ▼ 6% |
| Retained profit | € 2,299,075 | € 2,630,367 | € 3,041,368 | € 2,944,786 | ▼ 3% |
| Dividend | € 400,000 | € 500,000 | € 500,000 | € 750,000 | ▲ 50% |
| Bank debt | € 666,896 | € 1,332,792 | € 1,195,231 | € 1,054,005 | ▼ 12% |
| Balance sheet total | € 4,207,270 | € 5,270,355 | € 5,684,377 | € 5,654,012 | ▼ 1% |
| Employees (FTE) | 4.3 | 3.5 | 5.9 | 7.6 | ▲ 1.7 |
Key figures of MATGECO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to MATGECO?
What happened at MATGECO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Yves de Baenst stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 653,418 (▼ 28% vs 2024). Source: NBB ↗
- New establishment in Nivelles. KBO
- Yves de Baenst became a director. NBB
- New establishment in Nivelles. KBO
- Start of the company according to the CBE. KBO
In short
From € 685,670 profit in 2022 to € 653,418 profit in 2025.
Paid € 641,460 in corporate taxes since 2022.
Best year ever: 2024, with € 911,001 profit.
On average € 171,300 of value added per employee in 2025.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2025 annual accounts
Yves de Baenst
Managing director
since 2023 · until 2029
Establishments
Establishment units
Physical locations of this company
Rue Buisson-aux-Loups 10A
1400 Nivelles
Rue Buisson-aux-Loups 1 A
1400 Nivelles
Active since 6 October 2000
Rue Buisson-aux-Loups 10 box A
1400 Nivelles
Active since 1 September 2024
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0472.214.014
- VAT number
- BE 0472.214.014
- Registered office
- Rue Buisson-aux-Loups 10A, 1400 Nivelles
- Names & denominations
- MATGECO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 June 2000
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Vervaardiging van kunststofelementen voor de bouw
Vervaardiging van kunststofartikelen voor de bouw
Groothandel in bouwmaterialen, algemeen assortiment
Groothandel in verf, vernis en bouwmaterialen, inclusief sanitair
Activiteiten van interieurarchitecten