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Segment information (Tables)
12 Months Ended
Dec. 31, 2025
Segment information  
Summary of segment information

  ​ ​ ​

Materialise

  ​ ​ ​

Materialise

  ​ ​ ​

Materialise

  ​ ​ ​

Total

  ​ ​ ​

in 000€

Medical

Software

Manufacturing

segments

For the year ended December 31, 2025

  ​

 

  ​

 

  ​

 

  ​

 

Revenues

134,239

 

40,907

 

92,486

 

267,633

Segment Adjusted EBITDA

42,983

 

5,469

 

(4,236)

 

44,217

Segment Adjusted EBITDA %

32.0

%  

13.4

%  

-4.6

%  

16.5

%  

Segment Adjusted EBIT

36,635

2,487

(15,980)

23,143

Segment Adjusted EBIT %

27.3

%  

6.1

%  

-17.3

%  

8.6

%  

For the year ended December 31, 2024

 

 

 

Revenues

116,358

 

43,899

 

106,508

 

266,765

Segment Adjusted EBITDA

35,562

 

5,562

 

1,660

 

42,784

Segment Adjusted EBITDA %

30.6

%  

12.7

%  

1.6

%  

16.0

%  

Segment Adjusted EBIT

29,202

2,141

(9,565)

21,778

Segment Adjusted EBIT %

25.1

%  

4.9

%  

-9.0

%  

8.2

%  

For the year ended December 31, 2023

 

 

 

Revenues

101,376

 

44,442

 

110,310

 

256,127

Segment Adjusted EBITDA

26,544

 

7,450

 

7,537

 

41,530

Segment Adjusted EBITDA %

26.2

%  

16.8

%  

6.8

%  

16.2

%  

Segment Adjusted EBIT

20,807

3,992

(3,986)

20,813

Segment Adjusted EBIT %

20.5

%  

9.0

%  

-3.6

%  

8.1

%  

Schedule of segment EBITDA and segment EBIT reconciliation with the consolidated net profit (loss)

For the year ended December 31, 

in 000€

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2023

Net profit (loss) for the year

 

7,716

 

13,406

 

6,695

Income taxes

 

(429)

 

733

 

78

Financial income

 

(3,968)

 

(7,677)

 

(5,019)

Financial expenses

 

5,616

 

2,969

 

3,865

Operating (loss)/ profit

8,936

 

9,432

 

5,619

Impairments

 

 

 

4,228

Other operating income (expense)

 

(2,901)

 

(2,350)

 

(3,077)

Corporate headquarter costs

 

12,048

 

10,254

 

10,464

Corporate research and development

 

3,949

 

3,681

 

2,785

Depreciation and amortization

 

21,785

 

21,742

 

21,511

Segment acquisition-related expenses(1)

 

 

24

 

Segment restructuring and reorganizations(2)

400

Segment Adjusted EBITDA

 

44,217

 

42,784

 

41,530

Segment depreciation and amortization(3)

(21,074)

(21,006)

(20,717)

Segment Adjusted EBIT

23,143

21,778

20,813

(1)Segment acquisition-related expenses incurred in connection with the acquisition of FEops. See “Reconciliation of NET Profit to Adjusted EBITDA (unaudited) on a Consolidated Basis” above.
(2)Costs related to restructuring activities and organizational changes within the reported business segments, including personnelrelated and other associated expenses. For 2025 these costs relate to personnel-related restructuring costs within our Materialse Manufacturing and Materialise Software segments.
(3)Segment depreciation and amortization excludes depreciation and amortization that is not allocated to operating segments.
Schedule of revenue by geographical area

As of December 31, 

in 000€

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2023

United States of America

 

110,886

 

108,584

 

90,350

Americas other than USA

 

6,245

 

6,516

 

7,049

Belgium

 

6,157

 

6,564

 

8,265

Germany

 

30,885

 

34,963

 

33,172

France

 

17,195

 

17,355

 

19,053

Switzerland

 

20,454

 

19,710

 

20,780

United Kingdom

 

14,981

 

15,634

 

15,153

Italy

 

8,153

 

8,387

 

11,412

Netherlands

 

7,459

 

7,924

 

7,977

Other Europe

 

25,886

 

23,051

 

22,928

Asia Pacific

 

19,332

 

18,077

 

19,988

Total

 

267,633

 

266,765

 

256,127

Schedule of total non-current assets other than financial instruments and deferred tax assets by geographical area

As of December 31, 

in 000€

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2023

United States of America (USA)

 

11,821

 

13,416

 

12,329

Americas other than USA

 

2,774

 

2,687

 

3,023

Belgium

 

76,171

 

82,414

 

85,150

Germany

 

81,181

 

78,228

 

61,520

Poland

 

12,368

 

12,064

 

12,000

Rest of Europe

 

7,166

 

7,829

 

8,024

Asia-Pacific

 

1,389

 

1,668

 

1,578

Total

 

192,870

 

198,306

 

183,625