Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
MATCO from Waregem, company number BE0424621854, closed financial year 2025 with a result of € -758,964 after tax. For that financial year MATCO recorded revenue of € 30.3 million and equity of € 5.9 million. Compared with financial year 2024, the result moved from € -794,355 to € -758,964. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 15, 2026.
€ 5.9 million
▼ 11% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -758,964
▲ 4 % less loss than in 2024
Profit after tax over the fiscal year.
€ 665,295
▲ 101% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -914,896.
People and assets in 2025
17.2
▲ 3.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.7 million
▲ 22% vs 2024
€ 101,200 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 186,196
▼ 30% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 11.4 million
▲ 10% vs 2024
Loans from banks and other lenders, long and short.
€ 3 million
▼ 10% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 38 days on average.
€ 499,136
▲ 22% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 26,841,734 | € 23,783,334 | € 24,441,678 | € 30,284,622 | ▲ 24% |
| Profit after taxes | € -112,498 | € -195,859 | € -794,355 | € -758,964 | ▲ € 35,391 |
| Equity | € 909,282 | € 713,423 | € 6,619,068 | € 5,860,104 | ▼ 11% |
| Total debts | € 8,558,700 | € 8,041,489 | € 14,499,071 | € 15,749,838 | ▲ 9% |
| Cash | € 632,506 | € 573,386 | € 330,821 | € 665,295 | ▲ 101% |
| Retained profit | € 834,282 | € 638,423 | € -155,932 | € -914,896 | ▼ € 758,964 |
| Bank debt | € 5,141,847 | € 4,628,760 | € 10,347,160 | € 11,412,718 | ▲ 10% |
| Balance sheet total | € 9,769,687 | € 9,015,482 | € 21,336,900 | € 21,785,317 | ▲ 2% |
| Employees (FTE) | 14.9 | 13.7 | 13.7 | 17.2 | ▲ 3.5 |
Key figures of MATCO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to MATCO?
What happened at MATCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- WATCHCO NV stepped down as director. NBB
- BHB BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 758,964. Source: NBB ↗
- WATCHCO NV became a director. NBB
- BHB BV became a director. NBB
- New establishment in Waregem. KBO
- Start of the company according to the CBE. KBO
In short
From € 112,498 loss in 2022 to € 758,964 loss in 2025.
Paid € 9,881 in corporate taxes since 2022.
Pays suppliers within 38 days on average.
Management
The stake of IMMOMAT comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MATCOThe shares are held by BHB BV (74%), Matco Invest (26%) and IMMOMAT. It owns 100% of Matco Latex Services itself.
Directors
According to the 2025 annual accounts
Managing director · represented by Hans Vanoorbeek
Also active at: Induflex, TECONEX, Téco Holding
since 2023 · until 2029
Managing director · represented by John Blijdenstein
Holds a stake via IMMOMAT
Also active at: Induflex, IMMOMAT, Matco Latex Services
since 2023 · until 2029
Shareholders
Participations
100%
Establishments
Establishment units
Physical locations of this company
Textielstraat 26
8790 Waregem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0424.621.854
- VAT number
- BE 0424.621.854
- Registered office
- Textielstraat 26, 8790 Waregem
- Names & denominations
- MATCO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 September 1983
- Peppol
- Active · Active since 14 Oct 2025
- Activities · NACE
Groothandel in chemische producten voor industrieel gebruik
Groothandel in chemische producten
Inzameling van gevaarlijk afval
Vervaardiging van andere chemische producten, neg
Storten of permanent opslaan
Inzameling van ongevaarlijk afval
Behandeling en verwijdering van gevaarlijk afval