ACTIVE

MATEXI CITY DEVELOPMENT (SA)

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Financial year 2025 · closed on 31/12/2025
Net result
2,4 k €
-98.1% YoY
Gross margin
-185,8 k €
+56.7% YoY
Equity
5,8 M €
+0.0% YoY

What does MATEXI CITY DEVELOPMENT do?

MATEXI CITY DEVELOPMENT is a Public limited company incorporated in 1997. Its main activity is: Development of building projects. Its registered office is in Waregem.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0460.631.818
Incorporation
07/05/1997
Legal form
Public limited company
Registered office
Franklin Rooseveltlaan 180
8790 Waregem · FlandreSee on map
Contributed capital
5 000 000,00 €
Latest accounts
31/12/2025
Activities (NACE)
41102Development of building projects· main68122Buying and selling of own real estate
Joint committees (1)
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflow
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 20 financial years

20252024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Gross margin-185,8 k €-429,5 k €-621,4 k €212,9 k €-1 M €–––––––––––––––
EBITDA-227,4 k €-469,5 k €-693,8 k €122,1 k €-1,1 M €949 k €-64 k €-449,9 k €-899,9 k €-745,9 k €-4,6 M €501,2 k €-2,8 M €-4,3 M €-969,2 k €5,2 M €3,6 M €1,1 M €11,7 M €2,4 M €
Operating result-227,4 k €-333 k €-693,8 k €122,1 k €-637,5 k €949 k €-64 k €-449,9 k €-899,9 k €-2,2 M €-4,3 M €-83,9 k €-2,6 M €-3,7 M €-1 M €3,4 M €3,4 M €589,1 k €9,3 M €1,9 M €
Net result2,4 k €129,7 k €291,5 k €628,3 k €116,7 k €1,7 M €2,4 M €3,1 M €2,6 M €1,2 M €-701,4 k €407,3 k €-2,6 M €-4 M €-1,1 M €1,4 M €2,7 M €967,6 k €9,4 M €1,4 M €
Balance sheet
Equity5,8 M €5,8 M €6,1 M €26,8 M €29,9 M €29,8 M €28,1 M €25,7 M €26,6 M €24 M €22,8 M €23,5 M €23,1 M €25,7 M €29,7 M €30,8 M €29,5 M €26,8 M €25,8 M €16,4 M €
Total assets5,8 M €7,3 M €28,1 M €29 M €31,4 M €33,4 M €32 M €31,4 M €30,9 M €31,4 M €39,4 M €40,4 M €64 M €65,1 M €48,3 M €38,6 M €39,4 M €35,6 M €30,9 M €35,1 M €
Cash–––757,7 €9,5 k €989,5 k €1,5 M €211,4 k €246,2 k €4,3 M €1,4 M €2,2 M €433,9 k €4,5 M €290,9 k €720,6 k €1,4 M €1,7 M €456,2 k €669,9 k €
Debts59,5 k €753,3 k €21,1 M €1,2 M €596,8 k €2,2 M €3 M €5,5 M €4 M €7,3 M €16,4 M €16,6 M €40,7 M €39,1 M €16,2 M €5,4 M €9,5 M €8,4 M €4,6 M €18,2 M €
Other
Workforce–––––––––––10,6 ETP12,1 ETP23,7 ETP19,6 ETP16,9 ETP17,1 ETP16,2 ETP16,1 ETP17,6 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 54 ended

Active mandates

RisasoN

Director · since 20 mars 2024 · until 04 juin 2029 · 0471.645.771

Represented by Rik Neckebroeck

Active
VAUBAN

Director · since 20 mars 2024 · until 04 juin 2029 · 0838.114.246

Represented by Gaëtan Hannecart

Active
De Blauwhoeve

Director · since 21 décembre 2023 · until 04 juin 2029 · 0810.472.018

Represented by Ivan Van de Maele

Active

Ended mandates

Realize

Director · since 01 septembre 2021 · until 12 janvier 2024 · 0759.664.804

Represented by Olivier Lambrecht

Ended
Realize

Director · since 01 septembre 2021 · until 07 juin 2027 · 0759.664.804

Represented by Olivier Lambrecht

Ended
De Blauwhoeve

Director · since 28 juin 2019 · until 02 juin 2025 · 0810.472.018

Represented by Ivan Van de Maele

Ended
PG CONSULTING

Director · since 28 juin 2019 · until 31 décembre 2023 · 0683.475.559

Represented by Philip Goris

Ended
At this address

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MAATSCHAPPIJ TOT EXPLOITATIE VAN IMMOBILIEN● Active
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date10/07/202627/06/202528/06/202402/06/202323/06/202214/06/2021
General meeting29/06/202627/06/202517/06/202426/05/202320/06/202226/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

25 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202529/06/202610/07/2026DutchPDF
Abridged model31/12/202427/06/202527/06/2025DutchPDF
Abridged model31/12/202317/06/202428/06/2024DutchPDF
Abridged model31/12/202226/05/202302/06/2023DutchPDF
Abridged model31/12/202120/06/202223/06/2022DutchPDF
Full model31/12/202026/05/202114/06/2021DutchPDF
Full model31/12/201929/06/202002/07/2020DutchPDF
Full modelCorrection31/12/201828/06/201919/07/2019DutchPDF
Full model31/12/201828/06/201910/07/2019DutchPDF
Full model31/12/201704/06/201813/07/2018DutchPDF
Full model31/12/201628/06/201713/07/2017DutchPDF
Full model31/12/201511/07/201620/07/2016DutchPDF
Full model31/12/201430/06/201527/07/2015DutchPDF
Full model31/12/201302/06/201429/08/2014DutchPDF
Full model31/12/201203/06/201327/08/2013DutchPDF
Full model31/12/201104/06/201204/07/2012DutchPDF
Consolidated accounts31/12/201104/06/201204/07/2012DutchPDF
Full model31/12/201006/06/201118/08/2011DutchPDF
Consolidated accounts31/12/201006/06/201118/08/2011DutchPDF
Full model31/12/200901/06/201031/08/2010DutchPDF
Consolidated accounts31/12/200901/06/201031/08/2010DutchPDF
Full model31/12/200818/06/200926/03/2010DutchPDF
Consolidated accounts31/12/200818/06/200922/07/2009DutchPDF
Full model31/12/200702/06/200827/06/2008DutchPDF

View all 25 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 M€

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 · 3 active · 54 ended

Active mandates

RisasoN

Director · since 20 mars 2024 · until 04 juin 2029 · 0471.645.771

Represented by Rik Neckebroeck

Active
VAUBAN

Director · since 20 mars 2024 · until 04 juin 2029 · 0838.114.246

Represented by Gaëtan Hannecart

Active
De Blauwhoeve

Director · since 21 décembre 2023 · until 04 juin 2029 · 0810.472.018

Represented by Ivan Van de Maele

Active

Ended mandates

Realize

Director · since 01 septembre 2021 · until 12 janvier 2024 · 0759.664.804

Represented by Olivier Lambrecht

Ended
Realize

Director · since 01 septembre 2021 · until 07 juin 2027 · 0759.664.804

Represented by Olivier Lambrecht

Ended
De Blauwhoeve

Director · since 28 juin 2019 · until 02 juin 2025 · 0810.472.018

Represented by Ivan Van de Maele

Ended
PG CONSULTING

Director · since 28 juin 2019 · until 31 décembre 2023 · 0683.475.559

Represented by Philip Goris

Ended
Shareholders

Ownership and network

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Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates28/06/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates15/01/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other05/01/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates28/10/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares29/06/2021
    KAPITAAL - AANDELEN
    PDF
  • Mandates05/02/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates19/11/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates07/10/2016
    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

Timeline

  1. 2025
    Annual accounts 20252,4 k €↓
  2. 2024
    Annual accounts 2024129,7 k €↓
  3. 20/03/2024
    nominationVauban NV — bestuurder
  4. 20/03/2024
    nominationURisasoN BV — bestuurder
  5. 2023
    Annual accounts 2023291,5 k €↓
  6. 21/12/2023
    nominationREALIZE — niet-statutaire bestuurder
  7. 21/12/2023
    nominationDE BLAUWHOEVE — niet-statutaire bestuurder
  8. 21/12/2023
    reduction_capital
  9. 26/05/2023
    nominationERNST en YOUNG BEDRIJFSREVISOREN — commissaris
  10. 2022
    Annual accounts 2022628,3 k €↑
  11. 2021
    Annual accounts 2021116,7 k €↓
  12. 2020
    Annual accounts 20201,7 M €↓
  13. 2019
    Annual accounts 20192,4 M €↓
  14. 2018
    Annual accounts 20183,1 M €↑
  15. 2017
    Annual accounts 20172,6 M €↑
  16. 2016
    Annual accounts 20161,2 M €↑
  17. 2015
    Annual accounts 2015-701,4 k €↓
  18. 2014
    Annual accounts 2014407,3 k €↑
  19. 2013
    Annual accounts 2013-2,6 M €↑
  20. 2012
    Annual accounts 2012-4 M €↓
  21. 2012
    Name changeMatexi City Development
  22. 2011
    Annual accounts 2011-1,1 M €↓
  23. 2010
    Annual accounts 20101,4 M €↓
  24. 2009
    Annual accounts 20092,7 M €↑
  25. 2008
    Annual accounts 2008967,6 k €↓
  26. 2007
    Annual accounts 20079,4 M €↑
  27. 2006
    Annual accounts 20061,4 M €
  28. 2006
    Name changeWILMA PROJECT DEVELOPMENT
  29. 07/05/1997
    IncorporationPublic limited company