ACTIVE

MACHRIJO

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Financial year 2025 · closed on 31/12/2025

Net result

5 k €

-26.3% YoY

Gross margin

12,4 k €

-27.7% YoY

Equity

156,4 k €

+3.3% YoY

What does MACHRIJO do?

MACHRIJO is a Public limited company incorporated in 1990. Its registered office is in Brugge.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0440.788.685

Incorporation

03/05/1990

Legal form

Public limited company

Registered office

Ezelstraat 53
8000 Brugge · FlandreSee on map

Contributed capital

61 500,00 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2007		2006
Income statement
Gross margin	12,4 k €	-27.7%	17,2 k €	-30.3%	24,7 k €	+43.6%	17,2 k €	+113%	8,1 k €	-43.2%	14,2 k €	+41.5%	10,1 k €	+1097%	841 €	-91.2%	9,6 k €	-48.7%	18,7 k €	+10.8%	16,8 k €	-28.7%	23,6 k €	+48.4%	15,9 k €	-9.3%	17,5 k €	+13.1%	15,5 k €	-19.1%	19,2 k €	+61.1%	11,9 k €	-41.3%	20,3 k €	-20.5%	25,5 k €
EBITDA	9,6 k €	-33.6%	14,4 k €	-33.9%	21,8 k €	+57.0%	13,9 k €	+144%	5,7 k €	-52.0%	11,9 k €	+54.2%	7,7 k €	+677%	-1,3 k €	-118%	7,3 k €	-55.8%	16,5 k €	+12.3%	14,6 k €	-31.7%	21,4 k €	+55.8%	13,8 k €	-10.8%	15,4 k €	+21.0%	12,7 k €	-24.7%	16,9 k €	+67.7%	10,1 k €	-43.5%	17,9 k €	-23.5%	23,3 k €
Operating result	6,6 k €	-26.5%	9 k €	-57.4%	21 k €	+108%	10,1 k €	+436%	1,9 k €	-76.6%	8,1 k €	+108%	3,9 k €	+169%	-5,7 k €	-291%	3 k €	-75.9%	12,2 k €	+27.8%	9,6 k €	-39.2%	15,8 k €	+337%	3,6 k €	-66.9%	10,9 k €	+33.0%	8,2 k €	-24.9%	10,9 k €	+4193%	253,8 €	-97.0%	8,4 k €	-39.5%	13,9 k €
Net result	5 k €	-26.3%	6,7 k €	-56.6%	15,5 k €	+114%	7,2 k €	+398%	1,5 k €	-79.1%	7 k €	+80.9%	3,8 k €	+168%	-5,7 k €	-396%	1,9 k €	-76.8%	8,3 k €	+18.4%	7 k €	-32.4%	10,3 k €	+235%	3,1 k €	-72.2%	11,1 k €	+51.3%	7,3 k €	-20.6%	9,2 k €	+674%	-1,6 k €	-154%	2,9 k €	-47.7%	5,6 k €
Balance sheet
Equity	156,4 k €	+3.3%	151,4 k €	+4.7%	144,7 k €	+12.0%	129,2 k €	+5.9%	121,9 k €	+1.2%	120,5 k €	+6.1%	113,5 k €	+3.5%	109,7 k €	-4.9%	115,4 k €	+1.7%	113,4 k €	+7.8%	105,2 k €	+7.1%	98,2 k €	+11.7%	87,9 k €	+3.6%	84,8 k €	+4.4%	81,2 k €	+9.9%	73,9 k €	+14.2%	64,7 k €	-29.6%	91,9 k €	+3.3%	89 k €
Total assets	169,8 k €	+2.9%	165 k €	+2.6%	160,9 k €	+13.0%	142,4 k €	+10.7%	128,6 k €	+2.0%	126,1 k €	+4.1%	121,1 k €	+4.3%	116,1 k €	-13.5%	134,3 k €	+1.9%	131,7 k €	+7.7%	122,3 k €	+5.2%	116,3 k €	+2.5%	113,5 k €	+14.5%	99,1 k €	+12.9%	87,8 k €	-21.3%	111,6 k €	+7.9%	103,4 k €	-42.7%	180,3 k €	-5.8%	191,4 k €
Cash	58,6 k €	+7.9%	54,3 k €	-18.3%	66,5 k €	+40.9%	47,2 k €	+59.6%	29,6 k €	+118%	13,6 k €	-12.3%	15,5 k €	+131%	6,7 k €	-65.7%	19,6 k €	+63.6%	12 k €	+48325%	24,7 €	-99.1%	2,8 k €	+741%	328,9 €	-98.1%	17 k €	-24.3%	22,5 k €	-49.8%	44,8 k €	+62.9%	27,5 k €	+102%	13,7 k €	+85.6%	7,4 k €
Debts	13,4 k €	-1.4%	13,6 k €	-16.0%	16,1 k €	+22.4%	13,2 k €	+99.1%	6,6 k €	+19.1%	5,6 k €	-26.8%	7,6 k €	+17.8%	6,5 k €	-64.7%	18,3 k €	+3.3%	17,7 k €	+7.7%	16,4 k €	-4.6%	17,2 k €	-31.5%	25,2 k €	+75.8%	14,3 k €	+131%	6,2 k €	-82.5%	35,4 k €	+1.3%	35 k €	-57.5%	82,4 k €	-19.6%	102,5 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 21 ended

Active mandates

Ilse Watteyne

Director · until 25 septembre 2029

Active

Marnick Watteyne

Administrator - manager · until 25 mai 2029

Active

Ended mandates

Ilse Watteyne

Director · since 27 mai 2017 · until 23 juin 2023

Ended

Ilse Watteyne

Director · since 27 mai 2017

Ended

Marncik Watteyne

Managing director · since 27 mai 2017

Ended

Marnick Watteyne

Managing director · since 27 mai 2017

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	01/06/2026	04/06/2025	04/06/2024	29/06/2023	25/08/2022	15/06/2021
General meeting	29/05/2026	30/05/2025	31/05/2024	27/05/2023	28/05/2022	29/05/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	29/05/2026	01/06/2026	Dutch	PDF
Micro model	31/12/2024	30/05/2025	04/06/2025	Dutch	PDF
Micro model	31/12/2023	31/05/2024	04/06/2024	Dutch	PDF
Micro model	31/12/2022	27/05/2023	29/06/2023	Dutch	PDF
Micro model	31/12/2021	28/05/2022	25/08/2022	Dutch	PDF
Micro model	31/12/2020	29/05/2021	15/06/2021	Dutch	PDF
Micro model	31/12/2019	30/05/2020	30/06/2020	Dutch	PDF
Micro model	31/12/2018	25/05/2019	14/06/2019	Dutch	PDF
Micro model	31/12/2017	26/05/2018	11/06/2018	Dutch	PDF
Micro model	31/12/2016	27/05/2017	19/06/2017	Dutch	PDF
Abridged model	31/12/2015	28/05/2016	21/06/2016	Dutch	PDF
Abridged model	31/12/2014	30/05/2015	05/06/2015	Dutch	PDF
Abridged model	31/12/2013	31/05/2014	03/06/2014	Dutch	PDF
Abridged model	31/12/2012	25/05/2013	04/06/2013	Dutch	PDF
Abridged model	31/12/2011	26/05/2012	05/06/2012	Dutch	PDF
Abridged model	31/12/2010	28/05/2011	14/06/2011	Dutch	PDF
Abridged model	31/12/2009	28/05/2010	01/06/2010	Dutch	PDF
Abridged model	31/12/2008	29/05/2009	04/06/2009	Dutch	PDF
Abridged model	31/12/2007	31/05/2008	03/06/2008	Dutch	PDF
Abridged model	31/12/2006	25/05/2007	07/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 · 2 active · 21 ended

Active mandates

Ilse Watteyne

Director · until 25 septembre 2029

Active

Marnick Watteyne

Administrator - manager · until 25 mai 2029

Active

Ended mandates

Ilse Watteyne

Director · since 27 mai 2017 · until 23 juin 2023

Ended

Ilse Watteyne

Director · since 27 mai 2017

Ended

Marncik Watteyne

Managing director · since 27 mai 2017

Ended

Marnick Watteyne

Managing director · since 27 mai 2017

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates14/09/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - 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 20255 k €↓
2024
Annual accounts 20246,7 k €↓
2023
Annual accounts 202315,5 k €↑
2022
Annual accounts 20227,2 k €↑
2021
Annual accounts 20211,5 k €↓
2020
Annual accounts 20207 k €↑
2019
Annual accounts 20193,8 k €↑
2018
Annual accounts 2018-5,7 k €↓
2017
Annual accounts 20171,9 k €↓
2016
Annual accounts 20168,3 k €↑
2015
Annual accounts 20157 k €↓
2014
Annual accounts 201410,3 k €↑
2013
Annual accounts 20133,1 k €↓
2012
Annual accounts 201211,1 k €↑
2011
Annual accounts 20117,3 k €↓
2010
Annual accounts 20109,2 k €↑
2009
Annual accounts 2009-1,6 k €↓
2007
Annual accounts 20072,9 k €↓
2006
Annual accounts 20065,6 k €
03/05/1990
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

MACHRIJO

Overview

What does MACHRIJO do?

Trend over 19 financial years

Indicative valuation

Board of directors

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