Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Board fully replaced NBB
No director from three years ago is still active according to annual account 2026.
Financials
Financial year 2026
Mitsubishi Chemical Advanced Materials from Tielt, company number BE0474196376, closed financial year 2026 with a result of € 1.3 million after tax. For that financial year Mitsubishi Chemical Advanced Materials recorded revenue of € 179.5 million and equity of € 23.3 million. Compared with financial year 2025, the result moved from € -4.9 million to € 1.3 million. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 16, 2026.
€ 23.3 million
▲ 6% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.3 million
▲ still € 4.9 million loss in 2025
Profit after tax over the fiscal year.
€ 793,442
▼ 81% vs 2025
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2026. Retained profit grew to € 16.7 million.
People and assets in 2026
413.4
▲ 2.8 vs 2025
Average over the fiscal year, from the social balance sheet.
€ 39.1 million
▲ 6% vs 2025
€ 94,700 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.
€ 394,368
▼ 9% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
€ 33 million
▲ 18% vs 2025
Loans from banks and other lenders, long and short.
€ 28.1 million
▼ 22% vs 2025
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 77 days on average.
€ 9.2 million
▲ 13% vs 2025
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Revenue | € 212,316,749 | € 162,704,809 | € 171,890,660 | € 179,536,872 | ▲ 4% |
| Profit after taxes | € 7,695,636 | € -8,559,818 | € -4,897,576 | € 1,326,127 | ▲ € 6.2 million |
| Equity | € 35,459,844 | € 26,900,026 | € 22,002,450 | € 23,328,577 | ▲ 6% |
| Total debts | € 70,960,046 | € 61,299,172 | € 72,186,032 | € 70,400,325 | ▼ 2% |
| Cash | € 961,820 | € 4,637,635 | € 4,204,736 | € 793,442 | ▼ 81% |
| Land & buildings | € 4,935,381 | € 5,152,481 | € 5,505,919 | € 6,351,967 | ▲ 15% |
| Retained profit | € 28,805,244 | € 20,245,426 | € 15,347,850 | € 16,673,977 | ▲ 9% |
| Dividend | € 8,746,141 | € 0 | € 0 | € 0 | |
| Bank debt | € 29,548,471 | € 28,000,000 | € 28,000,000 | € 33,001,619 | ▲ 18% |
| Balance sheet total | € 106,554,419 | € 88,361,009 | € 94,225,861 | € 93,751,387 | ▼ 1% |
| Employees (FTE) | 404.7 | 409.1 | 410.6 | 413.4 | ▲ 2.8 |
By revenue, Mitsubishi Chemical Advanced Materials ranks 1st of 13 companies with main activity “Vervaardiging van andere producten van kunststof” in West Flanders that publish figures (fiscal year 2026).
Key figures of Mitsubishi Chemical Advanced Materials, 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 October 2027.
Ask about Mitsubishi Chemical Advanced Materials the way you would ask their accountant.
Answers from the filed annual accounts, the Belgian Official Gazette and the CBE register.
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What happened to Mitsubishi Chemical Advanced Materials?
What happened at Mitsubishi Chemical Advanced Materials in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: profit of € 1.3 million. Source: NBB ↗
- Sabine Degryse stepped down as director. NBB
- Bram Cools stepped down as director. NBB
- Detlef Artmeyer became a director. NBB
- Bram Cools became a director. NBB
- Sabine Degryse became a director. NBB
- New establishment in Tielt. KBO
- New establishment in Tielt. KBO
In short
From € 7.7 million profit in 2023 to € 1.3 million profit in 2026.
Paid € 3.6 million in corporate taxes since 2023.
Best year ever: 2023, with € 7.7 million profit.
Paid out € 8.7 million in dividends to the owners in total.
Management
Behind Mitsubishi Chemical Advanced Materials is Detlef Artmeyer. The shares are held by Mitsubishi Chemical Advanced Materials BV (58.1%) and Mitsubishi Chemical Advanced Materials AG (41.9%). It owns 100% of Mitsubishi Chemical Advanced Materials Kft itself.
Directors
According to the 2026 annual accounts
Detlef Artmeyer
Director
since 2025
Bram Cools
Director
since 2023 · until 2026
Sabine Degryse
Director
since 2023 · until 2026
Shareholders
Mitsubishi Chemical Advanced Materials BV
58.1%
Mitsubishi Chemical Advanced Materials AG
41.9%
Participations
Mitsubishi Chemical Advanced Materials Kft
100%
Establishments
Establishment units
Physical locations of this company
Galgenveldstraat 12
8700 Tielt
Galgenveldstraat 10
8700 Tielt
Active since 1 October 2021
Robert Tavernierlaan 2
8700 Tielt
Active since 1 October 2021
Szamotulystraat 14
8700 Tielt
Active since 1 October 2021
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
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Details
- Company number
- 0474.196.376
- VAT number
- BE 0474.196.376
- Registered office
- Galgenveldstraat 12, 8700 Tielt
- Names & denominations
- Mitsubishi Chemical Advanced Materials · MCAM
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 27 February 2001
- Peppol
- Active · Active since 30 May 2025
- Activities · NACE
Vervaardiging van andere producten van kunststof
Groothandel in andere intermediaire producten, neg
Groothandel in andere intermediaire producten, n.e.g.
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Opslag
Activiteiten van hoofdkantoren