Result
€248,998 ▼ 40.5%
The result fell in 2025 from €418,164 to €248,998.
BELGOPROCESS
Lifetime
19 annual accounts with figures on one time axis, 41 filings since 1985peak €118.4m (2025)
€118.4m▲ 2.5%
lowest -€3.3m (2015)
€248,998▼ 40.5%
peak €28.1m (2014)
€27.0m▲ 0.9%
€36.5m▼ 8.6%
peak 362 FTE (2023)
347.9 FTE▲ 0.4%
Board12 names since 2019
7 directorsKris Vreys and 6 others
Owners
Documentsfilings and deeds
09-07-202622 days before the deadline
2025financial year
Result from €418,164 to €248,998
Key points
from the 2025 annual accountsPayment terms
54 days to suppliers
BELGOPROCESS pays its suppliers 17 days earlier than in 2024. Customers pay 6 days earlier.
Filings
41 annual accounts since 1985
The last five annual accounts were filed 22 to 44 days before the end of the period.
Position in the sector
€27.0m
More equity than 95% of companies in remediation. Sector median €115,906 · 109 companies.
Public support
€570,705 awarded from 2022 to 2025
Flemish support, mostly Onderzoeksproject.
Public contracts
5 awards
Public contracts awarded. To 1 supplier, 2025 to 2026.
Checked score
95
Excellent
Financially stronger than 59% of all companies
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 4 companies (NACE 39, large).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%highest value
01-2025: 0.1%● unchanged vs 12-2024highest value
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: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: < 0.1%▼ -0.1 percentage points vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026lowest value
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: 0.1%▲ +0.1 percentage points vs 07-2026highest value
09-2026: 0.1%● unchanged vs 08-2026highest value
10-2026: 0.1%● unchanged vs 09-2026highest value
11-2026: 0.1%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
Sector: Remediation activities and other waste management service activities (NACE 39)
lowers risk
Liquidity: current ratio 2.07, cash €30.9m
Founded in 1984
Size: turnover €118.4m, 347.9 FTE, total assets €68.1m
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 (all companies). It does better than 55% of them on solvency, 93% on liquidity, 40% on profitability and 47% 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 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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, 513 companies had the same profile as BELGOPROCESS has now. Each dot stands for 2 companies, two years later.
96.1%
were still trading
3.1%
stopped another way
0.8%
went bankrupt
That fits the bankruptcy probability of BELGOPROCESS itself: 0.1% within 12 months.
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 513 companies, not a prediction for BELGOPROCESS. 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 €2,550,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.07 (1.97 in 2024), above the usual 1.5. Short-term debt is 46.8% and cash 45.4% of total assets. However, 60.3% 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 31-12-2025 was due by 31-07-2026 and was filed on 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 days early
2024
44 days early
2023
44 days early
2022
41 days early
2021
44 days early
2020
39 days early
2019
45 days early
← 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 40 days before the deadline. In the sector (NACE 39), the median for financial year 2024 was 9 days before the deadline, and 34% 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 18 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
and 2 others
- NIRAS consolidatesscore 49equity €185.4m (2025) · annual accounts 2025
Shares in 1 company, TM Mourik - Belgoprocess
Board & ownershipRecent changes
Appointment: Callens. Vandelanotte & Theunissen BV (statutory auditor)
Permanent representative: Guy Meerbergen · General meeting of 12-06-2025 · Gazette deed
Environmental permit granted
Nieuwbouw of aanleggen, Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden · Provincie Antwerpen
Environmental permit granted
Bouwen of herbouwen · Provincie Antwerpen
Environmental permit granted
Het reliëf van de bodem aanmerkelijk wijzigen, Hoogstammige bomen vellen die geen deel uitmaken van een bos, Nieuwbouw of aanleggen and 2 more · Provincie Antwerpen
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BELGOPROCESS Dessel | €118.4m | 0.2% | 39.7% | 347.9 |
| DEME Environmental Beveren-Kruibeke-Zwijndrecht | €165.8m | 15.7% | 47.2% | 264.8 |
| Envisan Aalst | €108.5m | 12.1% | 36.9% | 103 |
| DEME ENVIRONNEMENT Farciennes | €36.1m | 3.5% | 24.4% | 79.5 |
| TERRANOVA Beveren-Kruibeke-Zwijndrecht | €28.8m | 1.9% | 1.5% | - |
| GRCT Herenthout | €26.2m | 2.0% | 27.0% | 63.2 |
| TERRECO Herentals | - | - | 0.5% | - |
Grey: the largest companies of the sector (remediation (NACE 39)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as BELGOPROCESS: remediation activities and other waste management service activities (NACE 39000). They are comparable in size and age: total assets between €8.5m and €273m, founded between 1988 and 2011.
Official details
Source: KBO- Status
- Active since 29-11-1984Normal situation
- Activity
- Remediation activities and other waste management service activitiesNACE 39000and 1 other
- Joint committee
- 207White-collar workers in the chemical industry · annual accounts 2025
- Establishment units
- 2.025.763.1432480 Dessel, since 01-01-1985
- 2.313.217.8912400 Mol, since 01-03-1989
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €68.1m▼ 4.8%
- Employeeson 31-12-2025
- 367▲ 1.9%
- Filing
- Filed on 09-07-2026, 22 days before the end of the filing period
Insights on BELGOPROCESS
BELGOPROCESS has existed since 1984. Turnover grew from €39.8m in 2007 to €118.4m in 2025 and staff from 227.7 to 347.9 full-time equivalents.
Turnover has grown every year since 2022.
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 BELGOPROCESS
- What is the company number of BELGOPROCESS?
- The company number of BELGOPROCESS is 0426.542.157. The VAT number is the same number with BE in front: BE 0426.542.157.
- Where is BELGOPROCESS based?
- The registered office is at Gravenstraat 73, 2480 Dessel.Company details
- What does BELGOPROCESS do?
- According to the KBO register, the main activity is remediation activities and other waste management service activities (NACE 39000).
- What is the legal form of BELGOPROCESS?
- BELGOPROCESS is a public limited company (NV).
- When was BELGOPROCESS founded?
- BELGOPROCESS was founded on 29-11-1984.
- Is BELGOPROCESS still active?
- Yes, BELGOPROCESS is an active enterprise in the KBO register.
- How many employees does BELGOPROCESS have?
- BELGOPROCESS had an average of 347.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does BELGOPROCESS fall under?
- In its 2025 annual accounts, BELGOPROCESS states joint committee 207 (White-collar workers in the chemical industry).
- What is the turnover of BELGOPROCESS?
- The turnover of BELGOPROCESS was €118.4m in financial year 2025, according to the filed annual accounts.
- Is BELGOPROCESS profitable?
- In financial year 2025, BELGOPROCESS made a profit of €248,998.
- Where can I find the annual accounts of BELGOPROCESS?
- BELGOPROCESS filed 41 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BELGOPROCESS due?
- BELGOPROCESS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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