Equity
€5.8m ▲ 1.7%
MATCO PLASTICS has made a profit in every financial year since 2007.
MATCO PLASTICS
Lifetime
19 annual accounts with figures on one time axis, 31 filings since 1994peak €3.2m (2021)
-not published
peak €1.6m (2021)
€95,471▼ 78.1%
peak €5.8m (2026)
€5.8m▲ 1.7%
€7.8m▲ 58.0%
peak 19.7 FTE (2026)
19.7 FTE▲ 23.1%
Board10 names since 2017
3 directorsAlanga BV and 2 others
Owners3 names in the annual accounts
consolidatesEurasiacorp and 2 others
Documentsfilings and deeds
30-09-202631 days before the deadline
2026financial year
Turnover from €15.6m to €20.6mResult from €435,095 to €95,471Staff from 16 FTE to 19.7 FTEAppointment: A & C Bedrijfsrevisor (statutory auditor) 16-02Debts from €4.9m to €7.8mInvestments €1.3m
Key points
from the 2026 annual accountsResult
€95,471 ▼ 78.1%
The result fell in 2026 from €435,095 to €95,471.
Debts
€7.8m ▲ 58.0%
Debts rose by €2.9m in 2026.
Investments
€1.3m 2.3 × depreciation
Green is investment, beige is depreciation. Machinery stands 63.6% higher than in 2025.
Payment terms
101 days to suppliers
MATCO PLASTICS pays its suppliers 29 days later than in 2025. Customers pay 2 days earlier.
Filings
31 annual accounts since 1994
Six of the last ten came late. The 2019 accounts came latest: 52 days after the end of the period.
Checked score
69
Healthy
Financially stronger than 44% of small companies in waste collection and treatment (NACE 38)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 200 companies (NACE 38, small).
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%lowest value
01-2025: 0.1%● unchanged 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: 0.3%▲ +0.2 percentage points vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.4%▲ +0.1 percentage points vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.5%▲ +0.1 percentage points vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.4%▼ -0.1 percentage points vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.4%● unchanged vs 06-2026
08-2026: 0.5%▲ +0.1 percentage points vs 07-2026
09-2026: 0.6%▲ +0.1 percentage points vs 08-2026
10-2026: 0.7%▲ +0.1 percentage points vs 09-2026highest value
11-2026: 0.7%● unchanged vs 10-2026highest value
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 1.64, cash €209,831
1 change of registered office in 24 months
Sector: Waste collection, recovery and disposal activities (NACE 38)
lowers risk
Figures for financial year 2026 (filed on 06-10-2026)
Calculation
The band follows from the bankruptcy probability. 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 38, small). It does better than 59% of them on solvency, 14% on liquidity, 32% on profitability and 70% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-03-2026.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 14,766 companies had the same profile as MATCO PLASTICS has now. Each dot stands for 37 companies, two years later.
96.2%
were still trading
3.5%
stopped another way
0.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of MATCO PLASTICS itself is higher: 0.7% within 12 months. It rests on far more data about MATCO PLASTICS than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 14,766 companies, not a prediction for MATCO PLASTICS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €400,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.64 (2.0 in 2025), above the usual 1.5. Short-term debt is 51% and cash 1.5% of total assets. However, 57.3% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 30-09-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
31 days early
2025
39 days early
2024
14 days late
2023
27 days early
2021
22 days late
2020
25 days late
2019
52 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 2 days after the deadline. In the sector (NACE 38), the median for financial year 2024 was 8 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 2 October (3 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-03-2027 year end31-10-2027 deadline
Board and ownership
AB
Alanga BV
Managing director, Emmanuel Hanet
AT
Alea Trading BV
Managing director, Cédrid Conchilla
- FIMEVA TRADING 67.04%score 90equity €3.6m (2026) · 31-03-2026 annual accounts of FIMEVA TRADING
- Eurasiacorp NV consolidatesannual accounts 31-03-2026
- FIMEVA TRADING NV consolidatesannual accounts 31-03-2026
Recent changes
Appointment: A & C Bedrijfsrevisor (statutory auditor)
Gazette deed
Registered office moved within Wielsbeke
New registered office: Vaartstraat 50 te 8710 Wielsbeke · Previous registered office: Rijksweg 400 te 8710 Wielsbeke · General meeting of 06-02-2025 · Gazette deed
New establishment in Mouscron
MATCO PLASTICS, Industriëlaan 91
Appointment: MIAVIS (director)
Permanent representative: Michiel Vindevogel · General meeting of 20-05-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MATCO PLASTICS Wielsbeke | €20.6m | 0.5% | 42.7% | 19.7 |
| RECYMET Châtelet | €35.9m | 9.2% | 43.8% | 20.7 |
| CRAENHALS METAL TERMINAL Antwerp | €31.2m | -0.5% | 52.5% | 16.7 |
| EUROFAT Zwevegem | €20.7m | 23.2% | 31.9% | 10 |
| MINERALE Charleroi | €15.6m | 16.7% | 65.3% | 27.2 |
| BRUSSELS RECYCLING METAL Brussels | €19.4m | 0.7% | 36.2% | 15 |
| HIGH 5 RECYCLING GROUP Antwerp | €19.3m | -0.2% | 80.2% | 25.1 |
Grey: the largest companies of the sector (waste collection and treatment (NACE 38)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as MATCO PLASTICS: materials recovery from waste (NACE 38210). They are comparable in size and age: total assets between €11m and €20m, founded between 1984 and 2002.
Official details
Source: KBO- Status
- Active since 12-03-1993Normal situation
- Activity
- Materials recovery from wasteNACE 38210
- Joint committees
- 116Chemical industry
- 207White-collar workers in the chemical industry · annual accounts 31-03-2026
- Establishment units
- 2.327.377.2208710 Wielsbeke, since 16-07-2021
- 2.370.996.6357700 Mouscron, since 01-01-2025
- Financial year end
- 31 March
- Peppol
- Reachable since 20-11-2020
Annual accounts to 31-03-2026
- €13.6m▲ 27.8%
- Employeeson 31-03-2026
- 23▲ 27.8%
- Filing
- Filed on 30-09-2026, 31 days before the end of the filing period
Companies linked to MATCO PLASTICS
Parent and group
Insights on MATCO PLASTICS
MATCO PLASTICS has existed since 1993. The present size dates from 2021. The gross margin rose that year from €1.2m to €3.2m and staff from 3 to 15 full-time equivalents. On 16 July 2021 a site was added.
Solvency fell in 2026 from 53.7% to 42.7% because of higher debts to suppliers.
FIMEVA TRADING holds 67.04% of the shares. In June 2022, three directors stepped down. In August 2022, the Official Gazette published the appointment of Alanga BV as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MATCO PLASTICS
- What is the company number of MATCO PLASTICS?
- The company number of MATCO PLASTICS is 0449.646.765. The VAT number is the same number with BE in front: BE 0449.646.765.
- Where is MATCO PLASTICS based?
- The registered office is at Vaartstraat 50, 8710 Wielsbeke.Company details
- What does MATCO PLASTICS do?
- According to the KBO register, the main activity is materials recovery from waste (NACE 38210).
- What is the legal form of MATCO PLASTICS?
- MATCO PLASTICS is a public limited company (NV).
- When was MATCO PLASTICS founded?
- MATCO PLASTICS was founded on 12-03-1993.
- Is MATCO PLASTICS still active?
- Yes, MATCO PLASTICS is an active enterprise in the KBO register.
- How many employees does MATCO PLASTICS have?
- MATCO PLASTICS had an average of 19.7 full-time equivalents in financial year 2026, according to the filed annual accounts.Financials
- Which joint committee does MATCO PLASTICS fall under?
- In its 31-03-2026 annual accounts, MATCO PLASTICS states joint committees 116 (Chemical industry) and 207 (White-collar workers in the chemical industry).
- What is the turnover of MATCO PLASTICS?
- The turnover of MATCO PLASTICS was €20.6m in financial year 2026, according to the filed annual accounts.
- Is MATCO PLASTICS profitable?
- In financial year 2026, MATCO PLASTICS made a profit of €95,471.
- Where can I find the annual accounts of MATCO PLASTICS?
- MATCO PLASTICS filed 31 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of MATCO PLASTICS due?
- MATCO PLASTICS must file the annual accounts for financial year 2027 by 31-10-2027.Timeline
Next steps
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