ACTIVE

MAATSCHAPPIJ TOT EXPLOITATIE VAN IMMOBILIEN

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Financial year 2025 · closed on 31/12/2025

Net result

131,7 M €

+625.2% YoY

Revenue

28,3 M €

-3.1% YoY

Equity

327,2 M €

+11.8% YoY

Workforce

83,8 ETP

-15.1% YoY

What does MAATSCHAPPIJ TOT EXPLOITATIE VAN IMMOBILIEN do?

MAATSCHAPPIJ TOT EXPLOITATIE VAN IMMOBILIEN is a Public limited company incorporated in 1945. Its main activity is: Development of building projects. Its registered office is in Waregem. It employs on average 83,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0405.580.655

Incorporation

10/07/1945

Legal form

Public limited company

Registered office

Franklin Rooseveltlaan 180
8790 Waregem · FlandreSee on map

Contributed capital

23 000 000,00 €

Latest accounts

31/12/2025

Average workforce

83,8 ETP

Activities (NACE)

41101Development of building projects· main 68121Buying and selling of own real estate 70100Activities of head offices 70100Activities of head offices 70111Activities of head offices 68100Buying and selling of own real estate+1

Joint committees (2)

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	28,3 M €	-3.1%	29,2 M €	-8.7%	32,0 M €	-9.2%	35,3 M €	+20.4%	29,3 M €	-11.1%	32,9 M €	-5.5%	34,8 M €	+3.3%	33,7 M €	-12.2%	38,4 M €	+11.0%	34,6 M €	-1.0%	34,9 M €	-65.9%	102,5 M €	-69.2%	333,2 M €	+123%	149,3 M €	+208%	48,4 M €	-61.3%	125,2 M €	-4.1%	130,6 M €	+10.1%	118,6 M €	+18.2%	100,4 M €	-6.0%	106,7 M €
EBITDA	127,0 M €	+2603%	4,7 M €	-21.9%	6,0 M €	+22.1%	4,9 M €	+82.1%	2,7 M €	-62.9%	7,3 M €	+1.9%	7,2 M €	+33.4%	5,4 M €	+5.6%	5,1 M €	-26.9%	7,0 M €	+25.4%	5,6 M €	-86.4%	40,8 M €	-78.5%	189,5 M €	+150%	75,7 M €	+286%	19,6 M €	-48.8%	38,3 M €	+13.3%	33,8 M €	-1.5%	34,4 M €	+4.7%	32,8 M €	-2.3%	33,6 M €
Operating result	136,4 M €	+2725%	-5,2 M €	-190%	5,8 M €	+24.5%	4,6 M €	+92.4%	2,4 M €	-65.8%	7,0 M €	+2.3%	6,9 M €	+38.0%	5,0 M €	+6.1%	4,7 M €	-28.6%	6,6 M €	+27.1%	5,2 M €	-87.3%	40,5 M €	-78.6%	189,2 M €	+152%	75,1 M €	+290%	19,3 M €	-49.1%	37,9 M €	+13.9%	33,2 M €	-1.7%	33,8 M €	+4.6%	32,3 M €	-2.6%	33,2 M €
Net result	131,7 M €	+625%	-25,1 M €	-855%	3,3 M €	-80.2%	16,7 M €	+383%	-5,9 M €	-60.3%	-3,7 M €	-85.4%	-2,0 M €	-108%	25,0 M €	+344%	-10,2 M €	-2.7%	-9,9 M €	-523%	2,4 M €	-92.2%	30,3 M €	-83.2%	180,5 M €	+153%	71,3 M €	+694%	9,0 M €	-63.6%	24,7 M €	+84.5%	13,4 M €	-18.6%	16,4 M €	-62.5%	43,8 M €	+140%	18,3 M €
Balance sheet
Equity	327,2 M €	+11.8%	292,5 M €	-7.9%	317,6 M €	+1.1%	314,3 M €	-1.0%	317,4 M €	-1.8%	323,3 M €	-1.1%	327,0 M €	-0.6%	329,0 M €	+0.9%	326,0 M €	-8.0%	354,2 M €	-2.7%	364,2 M €	+0.7%	361,8 M €	+9.1%	331,6 M €	+120%	151,0 M €	+89.5%	79,7 M €	-16.7%	95,7 M €	+34.8%	71,0 M €	-41.1%	120,6 M €	+0.4%	120,2 M €	-7.6%	130,2 M €
Total assets	1,1 Md €	+23.8%	896,8 M €	-15.5%	1,1 Md €	-2.2%	1,1 Md €	-0.2%	1,1 Md €	+3.0%	1,1 Md €	+16.0%	910,5 M €	-3.2%	940,9 M €	+1.5%	927,2 M €	+7.3%	863,9 M €	+7.7%	802,4 M €	+2.3%	784,7 M €	+17.9%	665,6 M €	+44.5%	460,6 M €	+42.6%	322,9 M €	+12.2%	287,8 M €	-8.5%	314,5 M €	-24.8%	418,3 M €	+15.5%	362,0 M €	+18.1%	306,4 M €
Cash	10,2 M €	-15.2%	12,0 M €	-16.9%	14,5 M €	+753%	1,7 M €	-95.2%	35,8 M €	+79.1%	20,0 M €	-62.9%	53,8 M €	+119%	24,5 M €	+303%	6,1 M €	+479%	1,1 M €	-80.2%	5,3 M €	-71.4%	18,6 M €	+6.8%	17,4 M €	+3820%	443,4 k €	+234%	132,8 k €	+23.2%	107,8 k €	-93.9%	1,8 M €	+299%	444,7 k €	+6.0%	419,4 k €	+5.9%	396,1 k €
Debts	781,6 M €	+31.8%	593,1 M €	-20.2%	743,1 M €	-3.4%	769,5 M €	+0.1%	768,8 M €	+5.7%	727,4 M €	+25.9%	577,9 M €	-4.5%	605,2 M €	+2.1%	593,0 M €	+18.5%	500,5 M €	+16.3%	430,4 M €	+2.7%	419,0 M €	+26.9%	330,2 M €	+7.6%	307,0 M €	+30.3%	235,7 M €	+27.2%	185,2 M €	-21.4%	235,7 M €	-19.5%	292,7 M €	+22.1%	239,8 M €	+37.5%	174,3 M €
Other
Workforce	83,8 ETP	-15.1%	98,7 ETP	-14.8%	115,9 ETP	-6.8%	124,3 ETP	+2.3%	121,5 ETP	+3.1%	117,9 ETP	+4.0%	113,4 ETP	-0.2%	113,6 ETP	-1.5%	115,3 ETP	+6.5%	108,3 ETP	+4.4%	103,7 ETP	+5.2%	98,6 ETP	+27.6%	77,3 ETP	+54.3%	50,1 ETP	+1.6%	49,3 ETP	+25.4%	39,3 ETP	-43.5%	69,6 ETP	+32.6%	52,5 ETP	+22.4%	42,9 ETP	+19.8%	35,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 7 active · 82 ended

Active mandates

Godelieve Mostrey

Director · since 02 octobre 2024 · until 05 juin 2028

Active

Dorebor

Director · since 11 juin 2024 · until 05 juin 2028 · 0631.932.531

Represented by Karel Van Eetvelt

Active

NG 53 Consult BV

Director · since 11 juin 2024 · until 05 juin 2028

Represented by Walter De Boer

Active

SdL ADVICE

Director · since 11 juin 2024 · until 05 juin 2028 · 0830.460.154

Represented by Sonja Rottiers

Active

BRUNIM

Director · since 30 juin 2022 · until 05 juin 2028 · 0442.802.129

Represented by Bruno Vande Vyvere

Active

NIMMOBO

Director · since 30 juin 2022 · until 05 juin 2028 · 0436.373.207

Represented by Bénédicte Vande Vyvere

Active

VAUBAN

Managing director · since 30 juin 2022 · until 05 juin 2028 · 0838.114.246

Represented by Gaëtan Hannecart

Active

Ended mandates

JHI CONSULT

Director · since 01 mars 2024 · until 22 juillet 2024 · 0802.836.237

Represented by Jean Hilgers

Ended

JHI CONSULT

Director · since 01 mars 2024 · until 05 juin 2028 · 0802.836.237

Represented by Jean Hilgers

Ended

JoVB

Director · since 30 juin 2021 · until 15 mai 2023 · 0631.735.759

Represented by Jo Van Biesbroeck

Ended

JoVB

Director · since 30 juin 2021 · until 07 juin 2027 · 0631.735.759

Represented by Jo Van Biesbroeck

Ended

At this address

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DE PORRE● Active	1028.224.249
GALERIE DES CARMES● Active	0439.239.655
HET SCHEPENHOF- LES JARDINS DE L'ECHEVINAGE● Liquidation	0442.345.635
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MATEXI PROJECTS● Active	0821.445.389
MATEXI REAL ESTATE FINANCE● Active	0462.300.812
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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	27/07/2026	30/06/2025	18/06/2024	04/07/2023	05/07/2022	01/07/2021
General meeting	29/06/2026	30/06/2025	11/06/2024	30/06/2023	30/06/2022	30/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

32 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	29/06/2026	27/07/2026	Dutch	PDF
Full model	31/12/2024	30/06/2025	30/06/2025	Dutch	PDF
Full modelCorrection	31/12/2023	11/06/2024	18/06/2024	Dutch	PDF
Full model	31/12/2023	11/06/2024	12/06/2024	Dutch	PDF
Full model	31/12/2022	30/06/2023	04/07/2023	Dutch	PDF
m120-f-p	31/12/2022	30/06/2023	06/07/2023	Dutch	PDF
Full model	31/12/2021	30/06/2022	05/07/2022	Dutch	PDF
m120-f-p	31/12/2021	30/06/2022	08/07/2022	Dutch	PDF
Full model	31/12/2020	30/06/2021	01/07/2021	Dutch	PDF
m120-f-p	31/12/2020	30/06/2021	01/07/2021	Dutch	PDF
Full model	31/12/2019	17/06/2020	26/06/2020	Dutch	PDF
m120-f-p	31/12/2019	29/06/2020	02/07/2020	Dutch	PDF
Full model	31/12/2018	28/06/2019	15/07/2019	Dutch	PDF
m120-f-p	31/12/2018	28/06/2019	11/07/2019	Dutch	PDF
Full model	31/12/2017	29/06/2018	02/07/2018	Dutch	PDF
m120-f-p	31/12/2017	29/06/2018	03/07/2018	Dutch	PDF
Full model	31/12/2016	30/06/2017	17/08/2017	Dutch	PDF
m120-f-p	31/12/2016	30/06/2017	23/08/2017	Dutch	PDF
Full model	31/12/2015	24/05/2016	02/06/2016	Dutch	PDF
m120-f-p	31/12/2015	24/05/2016	30/05/2016	Dutch	PDF
Full model	31/12/2014	30/06/2015	28/08/2015	Dutch	PDF
m120-f-p	31/12/2014	30/06/2015	26/11/2015	Dutch	PDF
Full model	31/12/2013	02/06/2014	12/08/2014	Dutch	PDF
m120-f-p	31/12/2013	02/06/2014	18/07/2014	Dutch	PDF

View all 32 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 7 active · 82 ended

Active mandates

Godelieve Mostrey

Director · since 02 octobre 2024 · until 05 juin 2028

Active

Dorebor

Director · since 11 juin 2024 · until 05 juin 2028 · 0631.932.531

Represented by Karel Van Eetvelt

Active

NG 53 Consult BV

Director · since 11 juin 2024 · until 05 juin 2028

Represented by Walter De Boer

Active

SdL ADVICE

Director · since 11 juin 2024 · until 05 juin 2028 · 0830.460.154

Represented by Sonja Rottiers

Active

BRUNIM

Director · since 30 juin 2022 · until 05 juin 2028 · 0442.802.129

Represented by Bruno Vande Vyvere

Active

NIMMOBO

Director · since 30 juin 2022 · until 05 juin 2028 · 0436.373.207

Represented by Bénédicte Vande Vyvere

Active

VAUBAN

Managing director · since 30 juin 2022 · until 05 juin 2028 · 0838.114.246

Represented by Gaëtan Hannecart

Active

Ended mandates

JHI CONSULT

Director · since 01 mars 2024 · until 22 juillet 2024 · 0802.836.237

Represented by Jean Hilgers

Ended

JHI CONSULT

Director · since 01 mars 2024 · until 05 juin 2028 · 0802.836.237

Represented by Jean Hilgers

Ended

JoVB

Director · since 30 juin 2021 · until 15 mai 2023 · 0631.735.759

Represented by Jo Van Biesbroeck

Ended

JoVB

Director · since 30 juin 2021 · until 07 juin 2027 · 0631.735.759

Represented by Jo Van Biesbroeck

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates25/02/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/08/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/06/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/05/2024
ONTSLAGEN - BENOEMINGEN
PDF
Other26/02/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates06/12/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/03/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/10/2021
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025131,7 M €↑
2024
Annual accounts 2024-25,1 M €↓
02/10/2024
nominationGodelieve Mostrey — bestuurder
28/03/2024
reconductionDorebor BV — bestuurder
28/03/2024
reconductionNG53 Consult BV — bestuurder
28/03/2024
reconductionSdl Advice BV — bestuurder
01/03/2024
nominationJHI Consult BV — bestuurder
01/01/2024
nominationVauban NV — Uitvoerend Voorzitter
2023
Annual accounts 20233,3 M €↓
16/10/2023
nominationBOOST+ BV — lid van het directiecomité
2022
Annual accounts 202216,7 M €↑
2021
Annual accounts 2021-5,9 M €↓
2021
Name changeMatexi NV
2020
Annual accounts 2020-3,7 M €↓
2019
Annual accounts 2019-2,0 M €↓
2018
Annual accounts 201825,0 M €↑
2017
Annual accounts 2017-10,2 M €↓
2016
Annual accounts 2016-9,9 M €↓
2015
Annual accounts 20152,4 M €↓
2014
Annual accounts 201430,3 M €↓
2013
Annual accounts 2013180,5 M €↑
2012
Annual accounts 201271,3 M €↑
2011
Annual accounts 20119,0 M €↓
2010
Annual accounts 201024,7 M €↑
2009
Annual accounts 200913,4 M €↓
2008
Annual accounts 200816,4 M €↓
2007
Annual accounts 200743,8 M €↑
2006
Annual accounts 200618,3 M €
2006
Name changeMATEXI afkorting van MAATSCHAPPIJ TOT EXPLOITATIE IMMOBILIEN
10/07/1945
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

MAATSCHAPPIJ TOT EXPLOITATIE VAN IMMOBILIEN

Overview

What does MAATSCHAPPIJ TOT EXPLOITATIE VAN IMMOBILIEN do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline