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Belmans Recycling

Active
Private limited companyfounded 1998active for 28 yearsHoeilaartsesteenweg 76, 3090 Overijse, BelgiumKBO/BCE: BE 0462.647.240
Summary

Belmans Recycling has been active since 1998 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.0m and a net result of €110,866. Equity has been growing by about 20% per year since 2018. Its solvency ranks better than 52% of 2,391 sector peers (NACE 49, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Official details

Source: KBO
Status
Active since 12-02-1998 Normal situation
Activity
Freight transport by road NACE 49410
Establishment unit
2.085.760.316 3090 Overijse, since 05-03-1998
Financial year end
31 December
Peppol
Reachable

Board and ownership

Board

Financial position

92 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Annual accounts 2025
Gross margin
€2.5m
▲ 13.2%
Turnover
≈ €4.8m
estimated
Profit
€110,866
▼ 51.3%
Equity
€3.0m
▲ 3.8%
Total assets
€7.4m
▼ 16.3%
Staff
6 FTE
▲ 22.4%
Filed on 22-06-2026, 39 days before the deadline
Score breakdownraises riskSector: Land transport and transport via pipelines (NACE 49)lowers riskFounded in 1998Size: 6 FTE, total assets €7.4mFigures for financial year 2025 (filed on 22-06-2026)Show the evidence

Checked score

Score 2025
92 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 53% of micro companies in land transport (NACE 49)
Financial strength · tick: 2024
Strong
Solvency 66+8
equity 40.7% of total assets
Liquidity 65+1
short-term debt 20.8% · cash 17.1%
Profitability 71-1
return on assets 1.5%
Bankruptcy probability within 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 1.9% (9,099 companies, NACE 49, micro)
Last 24 months 12-2024: 0.1% 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025lowest value 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%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.2%▲ +0.1 percentage points vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.4%▲ +0.2 percentage points vs 07-2026 09-2026: 0.5%▲ +0.1 percentage points vs 08-2026highest value 10-2026: 0.1%▼ -0.4 percentage points vs 09-2026 11-2026: 0.1%● unchanged vs 10-2026
Credit of up to €270,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.76 (1.35 in 2024), above the usual 1.5. Short-term debt is 20.8% and cash 17.1% of total assets. However, 59.3% of the assets are financed with debt and provisions.
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 49, micro). It does better than 53% of them on solvency, 72% on liquidity, 44% on profitability and 45% on growth.

The bankruptcy probability was computed on 01-11-2026 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.

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).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Founded in 1998
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Sector: Land transport and transport via pipelines (NACE 49)
KBO
lowers risk · Size: 6 FTE, total assets €7.4m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed on 22-06-2026)
NBB · annual accounts
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 22-06-2026, 39 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
39 days early
2024
38 days early
2023
26 days early
2022
55 days early
2021
47 days early
2020
75 days early
2019
44 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 46 days before the deadline. In the sector (NACE 49), the median for financial year 2024 was on the deadline day, and 49% 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 22 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Largest company by total assets in Overijse, Transport and storage sectorin the Checked rankings No. 1 View
  • Positive: 8 profitable years in a rowprofit 2025: €110,866 8 years View
  • Positive: Filed on time since financial year 2019accounts within the deadline every year 7 years View
  • Result fell in 2025the 2024 profit included a one-off income of €193,056 ▼ 51.3% View

Recent changes

  1. · Gazette deed Company renamed from D.BELMANS to Belmans RecyclingChange of role: David BELMANS, from manager to director
  2. · Gazette deed Incorporation
All 16 events

Comparable companies

These companies have the same main activity as Belmans Recycling: freight transport by road (NACE 49410). They are comparable in size and age: total assets between €4.3m and €6.9m, founded between 1990 and 2004.

CompanyTotal assetsGross margin
Belmans Recycling Overijse€7.4m€2.5m
MOBBIZZ Eupen€6.9m€2.4m
HOVAN Torhout€5.1m€1.6m
FKS TRADING Torhout€6.0m€1.4m
TRANSPORT FRITS HEIRMAN Berlare€6.5m€1.9m
BOUCQUET Ingelmunster€4.3m€2.1m
DAGHUYT Affligem€4.3m€2.2m
Full comparison

Key facts about Belmans Recycling

What is the company number of Belmans Recycling?
The company number of Belmans Recycling is 0462.647.240. The VAT number is the same number with BE in front: BE 0462.647.240.
Where is Belmans Recycling based?
The registered office is at Hoeilaartsesteenweg 76, 3090 Overijse.Company details
What does Belmans Recycling do?
According to the KBO register, the main activity is freight transport by road (NACE 49410).
What is the legal form of Belmans Recycling?
The legal form of Belmans Recycling is Private limited company (BV).
When was Belmans Recycling founded?
Belmans Recycling was founded on 12-02-1998.
Is Belmans Recycling still active?
Yes, Belmans Recycling is an active enterprise in the KBO register.
How many employees does Belmans Recycling have?
Belmans Recycling had an average of 6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of Belmans Recycling?
The turnover in financial year 2025 is ≈ €4.8m. This figure is estimated from the gross margin of €2.5m and 31 comparable companies (NACE 49410). It probably lies between €4.2m and €5.6m.
Is Belmans Recycling profitable?
In financial year 2025, Belmans Recycling made a profit of €110,866.
Where can I find the annual accounts of Belmans Recycling?
Belmans Recycling filed 28 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Belmans Recycling due?
Belmans Recycling must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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