Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
Financials
Financial year 2025
MATECO BELGIUM from Waregem, company number BE0684509796, closed financial year 2025 with a result of € -4.2 million after tax. For that financial year MATECO BELGIUM recorded revenue of € 25.5 million and equity of € 96.7 million. Compared with financial year 2024, the result moved from € -3.8 million to € -4.2 million. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 4, 2026.
€ 96.7 million
▼ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -4.2 million
▼ 12 % more loss than in 2024
Profit after tax over the fiscal year.
€ 69,947
▼ 46% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -59.3 million.
People and assets in 2025
80.2
▲ 12 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 8.8 million
▲ 29% vs 2024
€ 110,000 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.
€ 1.1 million
▼ 21% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 4.7 million
▲ 25% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 108 days on average.
€ 1.4 million
▲ 33% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 16,593,066 | € 19,961,081 | € 22,815,187 | € 25,538,256 | ▲ 12% |
| Profit after taxes | € -11,097,442 | € -5,240,663 | € -3,792,019 | € -4,228,920 | ▼ € 436,901 |
| Equity | € 44,979,371 | € 104,738,708 | € 100,946,689 | € 96,717,769 | ▼ 4% |
| Total debts | € 22,385,653 | € 3,992,130 | € 4,987,398 | € 6,657,761 | ▲ 33% |
| Cash | € 16,858 | € 72,275 | € 130,645 | € 69,947 | ▼ 46% |
| Retained profit | € -46,020,629 | € -51,261,292 | € -55,053,311 | € -59,282,231 | ▼ € 4.2 million |
| Balance sheet total | € 67,365,024 | € 108,730,838 | € 105,934,087 | € 103,375,530 | ▼ 2% |
| Employees (FTE) | 56 | 55.1 | 68.2 | 80.2 | ▲ 12 |
Key figures of MATECO BELGIUM, 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 MATECO BELGIUM?
What happened at MATECO BELGIUM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- mateco SARL stepped down as director. NBB
- Carpinus Consult BV stepped down as director. NBB
- DCQ Consult stepped down as director. NBB
- Quva Invest NV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 4.2 million. filed late Source: NBB ↗
- Stevanda BV became a director. NBB
- New establishment in Waregem. KBO
- mateco SARL became a director. NBB
In short
From € 11.1 million loss in 2022 to € 4.2 million loss in 2025.
Paid € 745,162 in corporate taxes since 2022.
Pays suppliers within 108 days on average.
Management
Behind MATECO BELGIUM is Stevanda BV. The shares are held by mateco SARL (100%).
Directors
According to the 2025 annual accounts
Lid van de directieraad · represented by Steven Vandamme
since 2024
mateco SARL
Lid Raad van Toezicht · represented by Leendert Andries Schouten
since 2023 · until 2029
Lid van Raad van Toezicht · represented by Jan Nelissen
Also active at: AALTERPAINT HOLDING, Abriso-Jiffy, RESILUX, Nordlys Invest, AALTERPAINT, PICASSO HOLDING, QUERTUSFIN, QUVADEC +9 more
since 2023 · until 2029
Lid van Raad van Toezicht · represented by Kristien De Clercq
Also active at: AALTERPAINT HOLDING, RESILUX, Nordlys Invest, AALTERPAINT, PICASSO HOLDING, QUERTUSFIN, QUVADEC, QUVA INVEST +8 more
since 2023 · until 2029
Voorzitten Raad van Toezicht · represented by Pascal Vanhalst
Also active at: AALTERPAINT HOLDING, TVH EQUIPMENT, Abriso-Jiffy, WIJNGALERIJ CROMBE, RESILUX, Nordlys Invest, AALTERPAINT, PICASSO HOLDING +6 more
since 2023 · until 2029
Shareholders
mateco SARL
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Mannebeekstraat 4
8790 Waregem
Mannebeekstraat 2
8790 Waregem
Active since 8 November 2017
Noorderlaan 608
2030 Antwerpen
Active since 8 November 2017
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
- 0684.509.796
- VAT number
- BE 0684.509.796
- Registered office
- Mannebeekstraat 4, 8790 Waregem
- Names & denominations
- MATECO BELGIUM
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 8 November 2017
- Peppol
- Active · Active since 8 Sept 2025
- Activities · NACE
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