BONGAERTS RECYCLING
ActiveBONGAERTS RECYCLING has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €14.58M and a net result of €1.47M. Equity is growing by ~13.8% per year across the filed fiscal years. Its solvency ranks better than 79% of 227 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
79
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability67▼-15
Solvency92▲+7
Growth66▲+2
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.15M at 30 days acceptable
Liquidity ample (current ratio 2.33 against 1.96 in 2024; short-term debt: 31.7% and cash: 20.2% of total assets), and 32.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
67.2%
Return on assets
6.8%
Age of the figures
15 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 38
Relative position
BE, all sectors
reference
Sector 38
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 22-01-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
on the day
2023
40 d early
2022
43 d early
2021
42 d early
2020
32 d early
2019
15 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close17-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€47.91M▲ 12.2%
2024 · €42.69M
2019: €40.02M
2020: €29.43M
2021: €38.87M
2022: €61.11M
2023: €44.64M
2024: €42.69M
2019 → 2025
EBIT margin
4.0%▼ 6.2pp
2024 · 10.2%
2019: 2.8%
2020: 1.7%
2021: 9.7%
2022: 8.7%
2023: 6.6%
2024: 10.2%
2019 → 2025
Net result
€1.47M▼ 53.9%
2024 · €3.19M
2019: €754k
2020: €336k
2021: €2.81M
2022: €3.99M
2023: €2.19M
2024: €3.19M
2019 → 2025
Working capital
€9.15M▲ 13.8%
2024 · €8.04M
2019: €5.73M
2020: €6.27M
2021: €8.42M
2022: €10.90M
2023: €6.89M
2024: €8.04M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€38.87M-€61.11M▲ 57.2%€44.64M▼ 27.0%€42.69M▼ 4.4%€47.91M▲ 12.2%
Equity€9.87M-€13.86M▲ 40.4%€11.71M▼ 15.5%€13.12M▲ 12.0%€14.58M▲ 11.2%
Operating result€3.78M-€5.34M▲ 41.3%€2.94M▼ 44.9%€4.34M▲ 47.4%€1.92M▼ 55.8%
Net result€2.81M-€3.99M▲ 41.9%€2.19M▼ 45.0%€3.19M▲ 45.4%€1.47M▼ 53.9%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 56% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €21.69M
Fixed assets
€5.66M▲ 6.6%
Current assets
€16.03M▼ 2.2%
Equity and liabilities €21.69M
Equity
€14.58M▲ 11.2%
Debt
€7.11M▼ 17.2%
The debt ratio falls from 39.6% to 32.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€3.35M▼
2024 · €5.53M
Cash flow
€2.90M▼
2024 · €4.38M
Solvency
67.2%▲
2024 · 60.4%
Current ratio
2.33▲
2024 · 1.96
Quick ratio
2.28▲
2024 · 1.91
Debt / equity
0.49▼
2024 · 0.65
ROE
10.1%▼
2024 · 24.3%
ROA
6.8%▼
2024 · 14.7%
Interest coverage
363.23▼
2024 · 533.38
Debt
€7.11M▼
2024 · €8.59M
Debt ≤ 1 year
€6.88M▼
2024 · €8.35M
Debt > 1 year
€230k=
2024 · €230k
Income taxes
€543k▼
2024 · €1.14M
Staff costs
€1.59M▲
2024 · €1.23M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€21.70M€21.69M=
Fixed assets21/28€5.31M€5.66M▲
Tangible fixed assets22/27€5.30M€5.65M▲
Land and buildings22€1.51M€1.43M▼
Plant, machinery and equipment23€2.28M€2.55M▲
Furniture and vehicles24€1.09M€1.30M▲
Other tangible fixed assets26€419k€378k▼
Financial fixed assets28€6k€7k▲
Other financial fixed assets284/8€6k€7k▲
Amounts receivable and cash guarantees285/8€6k€7k▲
Current assets29/58€16.39M€16.03M▼
Amounts receivable after more than one year29€1.63M€1.70M▲
Other amounts receivable291€1.63M€1.70M▲
Stocks and contracts in progress3€405k€325k▼
Stocks30/36€405k€325k▼
Raw materials and consumables30/31€405k€325k▼
Amounts receivable within one year40/41€9.45M€9.63M▲
Trade receivables40€8.73M€8.85M▲
Other amounts receivable41€724k€783k▲
Current investments50/53€2.00M€0▼
Other investments51/53€2.00M€0▼
Cash at bank and in hand54/58€2.70M€4.38M▲
Deferred charges and accrued income490/1€205k€0▼
Equity and liabilities
Total equity and liabilities10/49€21.70M€21.69M=
Equity10/15€13.12M€14.58M▲
Contributions10/11€200k€200k=
Capital10€200k€200k=
Issued capital100€200k€200k=
Reserves13€12.92M€14.38M▲
Non-distributable reserves130/1€254k€254k=
Legal reserve130€254k€254k=
Tax-exempt reserves132€39k€39k=
Distributable reserves133€12.62M€14.09M▲
Amounts payable17/49€8.59M€7.11M▼
Amounts payable after more than one year17€230k€230k=
Other amounts payable178/9€230k€230k=
Amounts payable within one year42/48€8.35M€6.88M▼
Trade debts44€5.34M€5.89M▲
Suppliers440/4€5.34M€5.89M▲
Advances received on contracts in progress46€434k€434k=
Taxes, remuneration and social security45€1.34M€559k▼
Taxes450/3€1.18M€343k▼
Remuneration and social security454/9€158k€216k▲
Other amounts payable47/48€1.24M€0▼
Accrued charges and deferred income492/3€6k€0▼
Income statement
Code20242025
Operating income70/76A€42.78M€47.99M▲
Turnover70€42.69M€47.91M▲
Other operating income74€89k€72k▼
Operating charges60/66A€38.44M€46.07M▲
Goods for resale, raw materials and consumables60€30.16M€37.25M▲
Purchases600/8€30.02M€37.17M▲
Change in stocks: decrease (increase)609€133k€80k▼
Services and other goods61€5.68M€5.70M▲
Remuneration, social security and pensions62€1.23M€1.59M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.19M€1.43M▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€95k€5k▼
Other operating charges640/8€75k€70k▼
Non-recurring operating charges66A€15k€27k▲
Operating profit (loss)9901€4.34M€1.92M▼
Financial income75/76B€57k€168k▲
Recurring financial income75€57k€168k▲
Income from current assets751€57k€162k▲
Other financial income752/9€0€6k▲
Financial charges65/66B€68k€73k▲
Recurring financial charges65€68k€73k▲
Debt charges650€10k€9k▼
Other financial charges652/9€57k€64k▲
Profit (loss) for the period before taxes9903€4.33M€2.01M▼
Income taxes67/77€1.14M€543k▼
Taxes670/3€1.14M€543k▼
Profit (loss) for the period9904€3.19M€1.47M▼
Profit (loss) for the period to be appropriated9905€3.19M€1.47M▼
Appropriation of the result
Profit (loss) to be appropriated9906€3.19M€1.47M▼
Transfer to equity691/2€1.40M€1.47M▲
To other reserves6921€1.40M€1.47M▲
Profit to be distributed694/7€1.79M€0▼
Return on contributions (dividend)694€1.79M€0▼
Social balance
Average headcount (FTE)908721.126.3▲
The notes to these accounts (56 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
22-01
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
22-12
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2022
19-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
30-06
Financial
Highest result since 2019net €3.99M ▲41.9%
Operating result €5.34M, net result €3.99M, both a record.
30-06
Financial
Equity above €10MEq €13.86M ▲40.4%
4 profitable years in a row build equity to €13.86M.
2021
20-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
30-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
30-06
Financial
Weakest financial yearnet €336k ▼55.5%
Net result drops to €336k, the lowest in the series; recovery starts the following year.
16-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
22-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
07-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
17-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Peer · 2 establishment units since 1994
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Kaulillerweg 1223990 PeerGround area
2.1 ha
Building footprint
1.0 ha
Volume, LiDAR
78,297 m³
2 parcels, Flanders · tallest building 13.9 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Europark 2036, 3530 Houthalen-Helchteren
since 19942.066.267.076
Kaulillerweg 122, 3990 Peer
since 20252.378.543.334
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72015D0817/00H000 | Flanders | 1.1 ha | 1 · 6,383 m² | 13.9 m · 3 fl. |
| 72010A0151/00H003 | Flanders | 9,802 m² | 1 · 4,089 m² | 7.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 18,559 EUR awarded · 12,112 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 3,520 EUR | 158 EUR |
| 2024 | 1 | 7,033 EUR | 3,671 EUR |
| 2023 | 2 | 7,713 EUR | 7,990 EUR |
| 2022 | 1 | 293 EUR | 293 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Subsidies ecologisch en veilig transport (stopgezet)
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Of 393 companies in sector 38110 we hold annual accounts for 202. 55 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded18-03-1994
Fiscal year end30-06
Activities, NACEBEL
38110Waste collection, recovery and disposal activities
38219Waste collection, recovery and disposal activities
38330Waste collection, recovery and disposal activities
90021
38210Materials recovery from waste
38322Waste collection, recovery and disposal activities
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.