CONWED PLASTICS

Active

Private limited companyfounded 1989active for 37 yearsMarcel Habetslaan 20, 3600 Genk, BelgiumKBO/BCE: BE 0437.736.749

Summary

CONWED PLASTICS has been active since 1989 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €8.2m and a net result of €978,838. Equity is growing by about 3.3% per year across the filed financial years. Its solvency ranks better than 89% of 210 sector peers (NACE 22, financial year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).

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CONWED PLASTICSActiveChecked score 57/100

Risk analysis Report Compare

Activity

Manufacture of rubber and plastic products

NACE 22260

1 site

Size

€15.8mturnover 2024

Staff: 57.4 FTE
Equity: €8.2m
Profit: €978,838

Financial health

57 Fair Checked score 2024

Bankruptcy probabilitywithin 12 months: 0.1%

Structure

Parent: Schweitzer-Mauduit International Inc

Brian ParkDirector
Christopher StevartDirector

2025 accounts not filed, 88 days past the deadline3 of 24 deeds summarised

Why 57raises riskCapped at 59: a confirmed filing findingFigures for financial year 2024 (filed 19-12-2025)1 financial year not filed after the legal deadline; last filed accounts filed 141 days late; 3 of the last 3 latelowers riskFounded in 1989Liquidity: current ratio 4.00, cash €2.5mShow the evidence

Checked score

Score 2024

57 / 100

Fair

Probability in this band: 1.5% to 4.2%

Financially better than 72% of its sector peers (NACE 22, medium-sized)

A confirmed filing finding caps the score at 59. Every signal that counts is listed under Signals.

Financial strength · tick = 2023

Strong

Solvency 100+7

equity 81.4% of total assets

Liquidity 77+13

short-term debt 16.8% · cash 24.8%

Profitability 74-1

return on assets 9.7%

Bankruptcy probability, 12 months

0.1% Very low

0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (77 companies, NACE 22, medium-sized)

Last 24 months 11-2024: 0.8% 12-2024: 1.1%▲ +0.3 percentage points vs 11-2024highest value 01-2025: 0.1%▼ -1.0 percentage point vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.2%▲ +0.1 percentage points vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.3%▲ +0.1 percentage points vs 11-2025 01-2026: 0.1%▼ -0.2 percentage points vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026lowest value 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026

Credit of up to €460,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance

Liquidity ample (current ratio 4.0, compared with 2.52 in 2023, above the usual 1.5; short-term debt: 16.8% and cash: 24.8% of total assets), and 18.6% 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 22, medium-sized): better than 89% on solvency, 93% on liquidity, 61% on profitability and 45% on growth.

The bankruptcy probability was computed on 26-10-2026 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 risk

Founded in 1989

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Liquidity: current ratio 4.00, cash €2.5m

NBB · annual accounts

Figures for financial year 2024 (filed 19-12-2025)

NBB · annual accounts

1 financial year not filed after the legal deadline; last filed accounts filed 141 days late; 3 of the last 3 late

NBB · filings

Annual accounts not filed

The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 88 days later.

NBB · 10 filings

Position against the passed deadline

31-12-2025 year end31-07-2026 deadline27-10-2026 today

2024 accounts filed 141 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-12-2025, 141 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.

NBB · 10 filings

Deviation from the deadline

2025

not filed

2024

141 days late

2023

142 days late

2022

301 days late

2021

163 days late

2020

191 days late

2019

144 days late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 180 days after the deadline; the sector median (NACE 22) for financial year 2024 is 14 days before the deadline, and 34% of those companies filed late.

Searched, nothing found (1)

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

26-02-2026 Resignations: Christophe Stevart (director) and Wendy…Permanent representative: Danny Jans ·…
19-12-2025 Annual accounts filedfinancial year 2024 · full…
04-08-2025 Resignations: Berten Verbeeck (director) and Caio…Appointments: Brian Park, Wendy Dickinson…

Key points

Caution: 2025 accounts not fileddeadline was 31-07-2026 88 days past the deadline View
Caution: Directors leftlatest change 19-12-2025 · 2 in office 2 left View
Positive: Among the best 12% on solvencysector median 46.4% · 210 companies 81.4% View
Controlled by Schweitzer-Mauduit International Inc parent View
Positive: 7 profitable years in a rowprofit 2024: €978,838 7 years View

By topic

Financials

Financial year: 2024
Turnover: €15.8m
Profit: €978,838
Solvency: 81.4%

Turnover▼ 12.0%

Net result

20182024

Go to Financials

Board & ownership

Board: 2 members
Parent: Schweitzer-Mauduit International Inc

Brian ParkDirector
Christopher StevartDirector

Go to Board & ownership

Timeline

Events: 41
Since: 1990

20-12-2024Annual accounts filed
27-05-2024Annual accounts filed
20-07-2023Appointment: VERBEECK Berten Frank (director)

Go to Timeline

Company details

Sites: 1

Legal form: Private limited company
Activity: Manufacture of rubber and plastic productsNACE 22260
Founded: 16-06-1989
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 29

Who signs: Each director alone
Annual meeting: Third Friday of May at 10:00
Purpose: “De uitbating van een distributiecentrum voor produkten vervaardigd en uitgevoerd naar…” (deed in Dutch)

Go to Articles of association

Key facts about CONWED PLASTICS

What is the company number of CONWED PLASTICS?: 0437.736.749. In Belgium the VAT number is the company number with BE in front: BE 0437.736.749.
Where is CONWED PLASTICS based?: The registered office is at Marcel Habetslaan 20, 3600 Genk.Company details
What does CONWED PLASTICS do?: According to the KBO register, the main activity is manufacture of rubber and plastic products (NACE 22260).
What is the legal form of CONWED PLASTICS?: Private limited company (BV).
When was CONWED PLASTICS founded?: On 16-06-1989.
Is CONWED PLASTICS still active?: Yes, CONWED PLASTICS is an active enterprise in the KBO register.
How many employees does CONWED PLASTICS have?: On average 57.4 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
What is the turnover of CONWED PLASTICS?: €15.8m in financial year 2024, according to the filed annual accounts.
Is CONWED PLASTICS profitable?: In financial year 2024, CONWED PLASTICS made a profit of €978,838.
Where can I find the annual accounts of CONWED PLASTICS?: CONWED PLASTICS filed 36 annual accounts with the National Bank of Belgium, the latest for financial year 2024.