Financials
- Financial year
- 2025
- Turnover
- €30.3m
- Loss
- -€758,964
- Solvency
- 26.9%
Turnover▲ 23.9%
Net result
20182025
MATCO
ActiveSummary
MATCO has been active since 1983 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.9m and a net result of -€758,964. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 30% of 6,152 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Activity
Wholesale of industrial chemicals
NACE 46851
10th fastest staff growth in Waregem, Wholesale and retail trade sector1 site
Size
€30.3mturnover 2025
- Staff
- 17.2 FTE
- Equity
- €5.9m
- Loss
- -€758,964
Structure
- Parent
- BHB · 74.02%
- Holdings
- 1
- BLIJDENSTEIN JohnDirector
- WATCHCODirector · permanent representative VANOORBEEK Hans
Auditor: BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES2025 accounts 16 days early3 of 21 deeds summarised
Why 81raises riskLiquidity: current ratio 1.20, cash €665,295Size: turnover €30.3m, 17.2 FTE, total assets €21.8mLoss of €758,964, the second in a row (financial year 2025)lowers riskFounded in 1983Show the evidence
Checked score
Score 2025
81
/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 36% of its sector peers (NACE 46, small)
Financial strength · tick = 2024
Weak
Solvency
52-4
equity 26.9% of total assets
Liquidity
40=
short-term debt 31.8% · cash 3.1%
Profitability
24+1
return on assets -3.5%
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.8%
12-2024: 0.8%● unchanged vs 11-2024
01-2025: 0.8%● unchanged vs 12-2024
02-2025: 0.8%● unchanged vs 01-2025
03-2025: 0.8%● unchanged vs 02-2025
04-2025: 0.8%● unchanged vs 03-2025
05-2025: 0.8%● unchanged vs 04-2025
06-2025: 0.8%● unchanged vs 05-2025
07-2025: 0.9%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 0.4%▼ -0.5 percentage points vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026lowest value
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.5%▲ +0.1 percentage points vs 05-2026
07-2026: 0.4%▼ -0.1 percentage points vs 06-2026
08-2026: 0.4%● unchanged vs 07-2026
09-2026: 0.4%● unchanged vs 08-2026
10-2026: 0.4%● unchanged vs 09-2026
Credit of up to €470,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.2, compared with 1.19 in 2024, below the usual 1.5; short-term debt: 31.8% and cash: 3.1% of total assets), and 73.1% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, small): better than 30% on solvency, 45% on liquidity, 14% on profitability and 54% on growth.
The bankruptcy probability was computed on 29-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€758,964
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 days early
2024
30 days early
2023
8 days early
2022
56 days early
2021
151 days early
2020
61 days early
2019
107 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 61 days before the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 1 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
30-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · full…
- Annual accounts filedfinancial year 2024 · full…
- Appointment: BDO Bedrijfsrevisoren (statutory auditor)Permanent representative: Veerle Catry
Key points
- Risk: 4 loss-making years in a rowloss financial year 2025 -€758,964 View
- Caution: Among the weakest 5% on net resultsector median €112,156 · 6,086 companies -€758,964 View
- Controlled by BHBknown shareholders 100% 74.02% View
- Positive: Filed on time since financial year 2019accounts within the deadline every year 7 years View
- Positive: Staff rose in 2025from 13.7 FTE to 17.2 FTE ▲ 25.5% View
- Flemish supportawarded from 2022 to 2025 €105,572 View
By topic
Board & ownership
- Board
- 2 members
- Parent
- BHB · 74.02%
- Known shareholders
- 100%
- Auditor
- BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES
- BLIJDENSTEIN JohnDirector
- WATCHCODirector
Network & group
- Subsidiaries, all levels
- 2
- Direct holdings
- 1
- Connected companies
- 3
2 subsidiaries
Timeline
- Events
- 48
- Since
- 1986
- Next accounts
- by 31-07-2027
- 31-12-2024Equity above €5m
- 23-07-2024Annual accounts filed
- 08-05-2024Capital & shares · Amendment of the…
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Wholesale of industrial chemicalsNACE 46851
- Founded
- 30-09-1983
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 19
- Annual meeting
- Last Saturday of May at 10:00
- Purpose
- “De groothandel,fabricatie en stockage van chemicaliën en andere grondstoffen,hetzij nieuwe…” (deed in Dutch)
Key facts about MATCO
- What is the company number of MATCO?
- 0424.621.854. In Belgium the VAT number is the company number with BE in front: BE 0424.621.854.
- Where is MATCO based?
- The registered office is at Textielstraat 26, 8790 Waregem.Company details
- What does MATCO do?
- According to the KBO register, the main activity is wholesale of industrial chemicals (NACE 46851).
- What is the legal form of MATCO?
- Public limited company (NV).
- When was MATCO founded?
- On 30-09-1983.
- Is MATCO still active?
- Yes, MATCO is an active enterprise in the KBO register.
- How many employees does MATCO have?
- On average 17.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of MATCO?
- €30.3m in financial year 2025, according to the filed annual accounts.
- Is MATCO profitable?
- In financial year 2025, MATCO made a loss of €758,964.
- Where can I find the annual accounts of MATCO?
- MATCO filed 41 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MATCO due?
- By 31-07-2027, for financial year 2026.Timeline
Companies related to MATCO
Parent and group
- BHB74.02%
Shareholders
- Matco Invest25.98%
Subsidiaries and holdings
Comparable companies
- WESTFALENAalst
- MEC EUROPEGent
- KEMATBrussel
- CAPPELLETielt-Winge
- ARBOCHIMZoersel
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