ACTIVE

MARTIN MATHYS

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Financial year 2026 · Closed on 31/05/2026

Net result-4,9 M €-437,6 %over 1 year

Revenue56,8 M €+0,4 %over 1 year

Equity12,9 M €-27,4 %over 1 year

Workforce172,7 ETP+12,3 %over 1 year

Identity

Source · BCE/KBO

MARTIN MATHYS is a Public limited company incorporated in 1989. Its main activity is: Manufacture of paints, varnishes and similar coatings, printing ink and mastics. Its registered office is in Halen. It employs on average 172,7 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0437.896.404
Incorporation: 30/06/1989
Legal form: Public limited company
Registered office: Kolenbergstraat 23
3545 Halen · FlandreSee on map
Contributed capital: 9 362 000,00 €
Latest accounts: 31/05/2026
Average workforce: 172,7 ETP

Activities (NACE)

20300Manufacture of paints, varnishes and similar coatings, printing ink and mastics· main 20300Manufacture of paints, varnishes and similar coatings, printing ink and mastics 24300Manufacture of other products of first processing of steel

Joint committees (2)

Signals

Good liquidityHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2026		2025		2024		2023		2022
Income statement
Revenue	56,8 M €	+0.4%	56,5 M €	+12.1%	50,4 M €	-1.3%	51,1 M €	-6.3%	54,6 M €
EBITDA	-3,2 M €	-204%	3 M €	-15.7%	3,6 M €	-4.6%	3,8 M €	+21.5%	3,1 M €
Operating result	-4,3 M €	-263%	2,6 M €	-20.2%	3,3 M €	+16.8%	2,8 M €	-2.7%	2,9 M €
Net result	-4,9 M €	-438%	1,4 M €	-31.7%	2,1 M €	+27.4%	1,7 M €	-1.9%	1,7 M €
Balance sheet
Equity	12,9 M €	-27.4%	17,8 M €	+8.8%	16,3 M €	-32.6%	24,2 M €	+7.4%	22,6 M €
Total assets	45,5 M €	+35.9%	33,5 M €	+24.1%	27 M €	-15.9%	32 M €	-0.7%	32,3 M €
Cash	7,8 k €	-43.8%	13,9 k €	-33.1%	20,8 k €	+6.2%	19,6 k €	+76.6%	11,1 k €
Debts	32 M €	+111%	15,2 M €	+50.5%	10,1 M €	+36.8%	7,4 M €	-19.7%	9,2 M €
Other
Workforce	172,7 ETP	+12.3%	153,8 ETP	-5.6%	162,9 ETP	-6.8%	174,8 ETP	-2.9%	180,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/05/2026

4 active · 5 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Hilde Maria Eleonora De Backer	Director27/05/2026 → 13/10/2031
Thomas James Lowdon	Director28/11/2025 → 13/10/2031
Andrew White	Director03/12/2018 → 08/10/2029
Frank Costermans	Managing director09/10/2017 → 08/10/2029Director09/10/2017 → 2022 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Edward W. Moore	Director14/10/2013 → 2018 accounts
Ronald A. Rice	Director14/10/2013 → 2018 accounts

Other companies at this address

Kolenbergstraat 23 3545 Halen

Company	CBE no.
RPM Europe Logistics● Active	0480.668.751

Full financial information

Source · NBB

	2026	2025	2024	2023	2022	2021
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/06/2025	01/06/2024	01/06/2023	01/06/2022	01/06/2021	01/06/2020
Closing of the financial year	31/05/2026	31/05/2025	31/05/2024	31/05/2023	31/05/2022	31/05/2021
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	14/10/2026	16/10/2025	17/10/2024	24/10/2023	12/10/2022	14/10/2021
General meeting	12/10/2026	13/10/2025	14/10/2024	09/10/2023	10/10/2022	11/10/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/05/2026	12/10/2026	14/10/2026	Dutch	PDF
Full model	31/05/2025	13/10/2025	16/10/2025	Dutch	PDF
Full model	31/05/2024	14/10/2024	17/10/2024	Dutch	PDF
Full model	31/05/2023	09/10/2023	24/10/2023	Dutch	PDF
Full model	31/05/2022	10/10/2022	12/10/2022	Dutch	PDF
Full model	31/05/2021	11/10/2021	14/10/2021	Dutch	PDF
Full model	31/05/2020	12/10/2020	13/10/2020	Dutch	PDF
Full model	31/05/2019	14/10/2019	15/10/2019	Dutch	PDF
Full model	31/05/2018	08/10/2018	15/10/2018	Dutch	PDF
Full model	31/05/2017	09/10/2017	09/10/2017	Dutch	PDF
Full model	31/05/2016	10/10/2016	17/10/2016	Dutch	PDF
Full model	31/05/2015	12/10/2015	20/10/2015	Dutch	PDF
Full model	31/05/2014	13/10/2014	15/10/2014	Dutch	PDF
Full model	31/05/2013	14/10/2013	23/10/2013	Dutch	PDF
Full model	31/05/2012	08/10/2012	09/10/2012	Dutch	PDF
Full model	31/05/2011	10/10/2011	11/10/2011	Dutch	PDF
Full model	31/05/2010	11/10/2010	27/10/2010	Dutch	PDF
Full model	31/05/2009	12/10/2009	23/10/2009	Dutch	PDF
Full model	31/05/2008	09/10/2008	23/10/2008	Dutch	PDF
Full model	31/05/2007	29/10/2007	23/11/2007	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 31/05/2026

4 active · 5 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Hilde Maria Eleonora De Backer	Director27/05/2026 → 13/10/2031
Thomas James Lowdon	Director28/11/2025 → 13/10/2031
Andrew White	Director03/12/2018 → 08/10/2029
Frank Costermans	Managing director09/10/2017 → 08/10/2029Director09/10/2017 → 2022 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Edward W. Moore	Director14/10/2013 → 2018 accounts
Ronald A. Rice	Director14/10/2013 → 2018 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Other06/07/2026
—
PDF
Mandates06/01/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/11/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/05/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/11/2023
ONTSLAGEN - BENOEMINGEN
PDF
Other03/02/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates03/11/2021
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares21/06/2021
KAPITAAL - AANDELEN - DIVERSEN
PDF

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings20 filings

Mandates

Hilde Maria Eleonora De Backer

Thomas James Lowdon

Frank Costermans

Andrew White

Edward W. Moore

Ronald A. Rice

Stephen Colin Carter

P.Kelly Tompkins

Frank C. Sullivan

1989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028202920302031

MARTIN MATHYS

Kolenbergstraat 23, 3545 Halen

Director

Managing directorDirector

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Kolenbergstraat 23, 3545 HalenCurrent	accounts 2022 → 2026	Accounts 2026 · 2026-00564134

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
MARTIN MATHYSCurrent	accounts 2022 → 2026	Accounts 2026 · 2026-00564134

Events

2026
Annual accounts 2026-4,9 M €↓
2025
Annual accounts 20251,4 M €↓
2024
Annual accounts 20242,1 M €↑
2023
Annual accounts 20231,7 M €↓
2022
Annual accounts 20221,7 M €↓
2021
Annual accounts 20213,7 M €↑
2020
Annual accounts 20201,5 M €↓
2019
Annual accounts 20191,8 M €↑
2018
Annual accounts 2018800 k €↑
2017
Annual accounts 2017765,2 k €↓
2016
Annual accounts 20162,1 M €↑
2015
Annual accounts 20151,5 M €↓
2014
Annual accounts 20141,8 M €↑
2013
Annual accounts 20131,1 M €↓
2012
Annual accounts 20121,8 M €↑
2011
Annual accounts 20111,6 M €↓
2010
Annual accounts 20101,9 M €↑
2009
Annual accounts 20091,4 M €↓
2008
Annual accounts 20082,3 M €↑
2007
Annual accounts 20072,1 M €
30/06/1989
IncorporationPublic limited company

MARTIN MATHYS

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events