Materialise NV (MTLS)

Nasdaq: MTLS · Services-Prepackaged Software · Belgium, BE · filing with the SEC since 2014

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Grade5.3

◀ Past 4.9● Present 5.6▶ Future 5.2

1 est.

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The grade of Materialise NV

Nine metrics read from its own filings, by tense

Headline grade

5.3/10

◀ Past4.925% of the headline

● Present5.635% of the headline

▶ Future5.240% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

4.9/1025% of the headline grade · 3 of 3 filed

Surviving crises

as filed

7.3/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 22% of this tense · 73rd percentile among 230 sector filers · read for itself

From the record

Materialise NV's filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed

4.4/10

What has it actually done, year after year?

+11.3% a year over 10 filed years; profitable in 5 of 10.

weight 45% of this tense · 44th percentile among 213 sector filers · read for its customers

From the record

Materialise NV's 10 filed years say what it did: revenue went from EUR 102 million in fiscal 2015 to EUR 267 million in fiscal 2024, up 11.3% a year; it rose in 8 of 9 years; the deepest fall was 13% from fiscal 2019 to fiscal 2020; net income was positive in 5 of 10 of those years (its annual reports).

What it rests on

revenue growth over the filed span11.3%bottom 29% of its family
the share of years revenue rosebottom 44% of its family
the share of filed years with a profittop 31% of its family
the deepest fall from a revenue peak13.3%bottom 33% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed

3.9/10

How has it treated the people who own it?

Share count grew 1.3% a year. 0% of cash flow returned. Insiders: 0 sales, 0 purchases.

weight 33% of this tense · 39th percentile among 152 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2024-12-31, Materialise NV's diluted share count grew about 1.3% a year, and dividends and buybacks returned about 0% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

What it rests on

the share count over the yearstop 36% of its family
cash returned against operating cash flowbottom 14% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

5.6/1035% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed

6.3/10

Is it financially healthy right now?

ROE 5%: 5¢ of profit per shareholder dollar. Leverage 37%: owes 37¢ per asset dollar.

weight 45% of this tense · 63rd percentile among 217 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2024-12-31, Materialise NV earned about 5 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 38 cents per dollar of everything the company owns. Leverage: it owed about 37 cents per dollar of assets, and net share issuance: its share count was unchanged over the year (the filed statements).

What it rests on

what it owes per dollar of assetstop 39% of its family
return on equitytop 39% of its family
gross profit against assetstop 43% of its family
the share count against the year beforetop 28% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed

5.1/10

How strong is its position in its industry?

top 49% of 218 in its family; net margin 5%.

weight 33% of this tense · 51st percentile among 218 sector filers · read for its customers

From the record

Materialise NV's standing among 218 graded names in its industry family: revenue of EUR 267 million in fiscal 2024 is not ranked by size, since the family reports in another currency; a net margin of 5% ranks in the top 38%; revenue growth of 9.1% a year over the last 3 filed years ranks in the bottom 41% (its annual reports).

What it rests on

net margin5.0%top 38% of its family
three-year revenue growth9.1%bottom 41% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate

4.8/10

What are the people in charge doing?

SI estimate 4.8/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 157 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 157 members with one.
What the record cannot read: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read.
How it was reasoned: family median, 157 readings behind it.
Confidence: 20 of 100
What would change it: Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Materialise NV's leadership is put at 4.8 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 157 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

5.2/1040% of the headline grade · 3 of 3 filed

Room to expand

as filed

3.9/10

How much room does it have to grow?

bottom 39% of 216 in its family for room to expand.

weight 22% of this tense · 39th percentile among 216 sector filers · read for itself

From the record

Materialise NV's room to grow, from the newest filed statements (fiscal 2024): cash of EUR 102 million against debt of EUR 41 million leaves 15.4% of its assets as net cash, top 44% of its family; cash from operations less capital spending is 2.6% of revenue (bottom 32%); a gross margin of 56.5% (bottom 31%); research spending of 16.6% of revenue (bottom 35%) (its annual report).

What it rests on

cash less debt against assets15.4%top 44% of its family
cash from operations less capital spending against revenue2.6%bottom 32% of its family
gross margin56.5%bottom 31% of its family
research spending against revenue16.6%bottom 35% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed

6.3/10

What could actually drive growth from here?

top 37% of 213 in its family for growth drivers.

weight 45% of this tense · 63rd percentile among 213 sector filers · read for its customers

From the record

Materialise NV's growth drivers, from the filed years to fiscal 2024: revenue grew 9.1% a year over the last three filed years against 11.3% over all 10, slowing (top 40% of its family); the newest year grew 4.1% (bottom 27%); research spending grew 18.2% a year (top 22%); capital spending grew 45.9% a year (top 14%) (its annual reports). Materialise NV tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

three-year growth against the whole span-2.2 points a yeartop 40% of its family
the newest year's revenue growth4.1%bottom 27% of its family
three-year growth of research spending18.2%top 22% of its family
three-year growth of capital spending45.9%top 14% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed

4.7/10

Did its newest year beat what its own record pointed to?

bottom 47% of 194 in its family for expectations against reality.

weight 33% of this tense · 47th percentile among 194 sector filers · read for its shareholders

From the record

Materialise NV's newest year against its own record: revenue of EUR 267 million in fiscal 2024 came in 6.7% below the EUR 286 million its prior three years' pace pointed to (bottom 24% of its family); net income of EUR 13 million against a prior three-year average of EUR 6 million (top 18%); a net margin of 5% against 2.7% before (bottom 34%) (its annual reports).

What it rests on

revenue against the prior three years' pace-6.7%bottom 24% of its family
net income against the prior three years' average+127%top 18% of its family
net margin against its prior average+2.3 pointsbottom 34% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton MTLS · research, not advice