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CAPIAU RECYCLING

Active
Public limited companyfounded 1989active for 36 yearsWaaslandlaan 20, 9160 Lokeren, BelgiumKBO/BCE: BE 0438.849.972
Summary

CAPIAU RECYCLING has been active since 1989 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.7m and a net result of €52,343, of which €109,260 non-recurring income. Equity is growing by about 6.9% per year across the filed financial years. Its solvency ranks better than 13% of 6,141 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Risk analysisFollow ReportCompare
CAPIAU RECYCLINGActiveChecked score 83/100
Risk analysis ReportCompare

Overview

Activity
Wholesale trade
NACE 46872
1 site
Size
€13.9mturnover 2025
Staff
1.9 FTE
Equity
€1.7m
Profit
€52,343
Financial health
83 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.4%
Structure
2025 accounts filed 2 days late2 of 8 deeds summarised
Why 83raises riskEquity €1.7m (10.1% of total assets)Liquidity: current ratio 0.98, cash €732,308lowers riskFounded in 1989Size: turnover €13.9m, 1.9 FTE, total assets €16.5mShow the evidence

Checked score

Score 2025
83 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 38% of its sector peers (NACE 46, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 35-8
equity 10.1% of total assets
Liquidity 40=
short-term debt 34.9% · cash 4.4%
Profitability 51-15
return on assets 0.3%
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,883 companies, NACE 46, micro)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025lowest value 03-2025: 0.1%● unchanged vs 02-2025lowest value 04-2025: 0.1%● unchanged vs 03-2025lowest value 05-2025: 0.1%● unchanged vs 04-2025lowest value 06-2025: 0.1%● unchanged vs 05-2025lowest value 07-2025: 0.1%● unchanged vs 06-2025lowest value 08-2025: 0.1%● unchanged vs 07-2025lowest value 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: 0.3%▲ +0.2 percentage points vs 01-2026 03-2026: 0.4%▲ +0.1 percentage points vs 02-2026highest value 04-2026: 0.4%● unchanged vs 03-2026highest value 05-2026: 0.4%● unchanged vs 04-2026highest value 06-2026: 0.4%● unchanged vs 05-2026highest value 07-2026: 0.4%● unchanged vs 06-2026highest value 08-2026: 0.4%● unchanged vs 07-2026 09-2026: 0.4%● unchanged vs 08-2026 10-2026: 0.4%● unchanged vs 09-2026
Credit of up to €130,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.98, compared with 1.01 in 2024, below 1; short-term debt: 34.9% and cash: 4.4% of total assets), and 89.9% 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 46, micro): better than 23% on solvency, 38% on liquidity, 39% on profitability and 51% on growth.

The bankruptcy probability was computed on 25-10-2026 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 riskneutral
raises risk · Equity €1.7m (10.1% of total assets)
NBB · annual accounts
raises risk · Liquidity: current ratio 0.98, cash €732,308
NBB · annual accounts
lowers 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
lowers risk · Size: turnover €13.9m, 1.9 FTE, total assets €16.5m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 6141 sector peers (2025).
NBB · sector comparison
Position among 6141 sector peers
Solvency
better than 13%
← weakest strongest →
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
2 days late
2024
3 days early
2023
5 days early
2022
40 days early
2021
18 days early
2020
5 days early
2019
7 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 11 days before the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 26 January (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end26-10-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Appointment: RRECYCLING (day-to-day manager)Permanent representative: Oscar ROBEERTS ·…
  3. Annual accounts filedfinancial year 2024 · abbreviated…

Key points

  • Caution: Among the weakest 14% on solvencysector median 45.2% · 6,141 companies 10.1% View
  • New directorlatest change 05-01-2026 · 3 in office 1 joined View
  • Positive: 5 profitable years in a rowprofit 2025: €52,343, mostly one-off 5 years View

By topic

Financials

Financial year
2025
Turnover
€13.9m
Profit
€52,343
Solvency
10.1%
Go to Financials

Timeline

Events
40
Since
1991
Next accounts
by 31-01-2027
  1. 26-01-2024Annual accounts filed
  2. 22-12-2023Resignations: CAPIAU Wim, BUYCK Ann and CAPIAU…
  3. 22-12-2022Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Wholesale tradeNACE 46872
Founded
13-11-1989
Year ends
30-06
Peppol
Reachable for e-invoices
Go to Company details

Key facts about CAPIAU RECYCLING

What is the company number of CAPIAU RECYCLING?
0438.849.972. In Belgium the VAT number is the company number with BE in front: BE 0438.849.972.
Where is CAPIAU RECYCLING based?
The registered office is at Waaslandlaan 20, 9160 Lokeren.Company details
What does CAPIAU RECYCLING do?
According to the KBO register, the main activity is wholesale trade (NACE 46872).
What is the legal form of CAPIAU RECYCLING?
Public limited company (NV).
When was CAPIAU RECYCLING founded?
On 13-11-1989.
Is CAPIAU RECYCLING still active?
Yes, CAPIAU RECYCLING is an active enterprise in the KBO register.
How many employees does CAPIAU RECYCLING have?
On average 1.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of CAPIAU RECYCLING?
€13.9m in financial year 2025, according to the filed annual accounts.
Is CAPIAU RECYCLING profitable?
In financial year 2025, CAPIAU RECYCLING made a profit of €52,343.
Where can I find the annual accounts of CAPIAU RECYCLING?
CAPIAU RECYCLING filed 35 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of CAPIAU RECYCLING due?
By 31-01-2027, for financial year 2026.Timeline

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