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CYREO

Active
Cooperative companyfounded 2015active for 11 yearsRue du Warichet(NSV) 16, 1457 Walhain, BelgiumKBO/BCE: BE 0599.963.806
Summary

CYREO has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €174,875 and a net result of -€284. Equity is growing by about 15% per year across the filed financial years. Its solvency ranks better than 35% of 199 sector peers (NACE 38, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Overview

Activity
Materials recovery from waste
NACE 38210Retail sale of other second-hand goods, excluding clothing NACE 47793Other cleaning activities NACE 81230
1 site
Size
€763,452total assets 2025
Staff
7.6 FTE
Equity
€174,875
Loss
-€284
Turnover not published (micro format)
Financial health
84 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.3%
Structure
Accounts filed 31 days late1 of 12 deeds read
Why 84raises riskLatest accounts 31 days late; 1 of the last 3 lateSector: Waste collection, recovery and disposal activities (NACE 38)lowers riskSize: total assets €763,452Founded in 2015Show the evidence

Checked score

Score 2025
84 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 41% of its sector peers (NACE 38, micro)
Financial strength · tick = 2024
Average
Solvency 48-15
equity 22.9% of total assets
Liquidity 65+9
short-term debt 19.7% · cash 16.5%
Profitability 41-31
return on assets 0.0%
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (516 companies, NACE 38, micro)
Last 24 months 11-2024: 0.2%lowest value 12-2024: 0.2%● unchanged vs 11-2024lowest value 01-2025: 0.2%● unchanged vs 12-2024lowest value 02-2025: 0.2%● unchanged vs 01-2025lowest value 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.3%▲ +0.1 percentage points vs 06-2025 08-2025: 0.5%▲ +0.2 percentage points vs 07-2025 09-2025: 0.4%▼ -0.1 percentage points vs 08-2025 10-2025: 0.4%● unchanged vs 09-2025 11-2025: 0.4%● unchanged vs 10-2025 12-2025: 0.4%● unchanged vs 11-2025 01-2026: 0.4%● unchanged vs 12-2025 02-2026: 0.4%● unchanged vs 01-2026 03-2026: 0.4%● unchanged 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: 0.7%▲ +0.3 percentage points vs 07-2026highest value 09-2026: 0.3%▼ -0.4 percentage points vs 08-2026 10-2026: 0.3%● unchanged vs 09-2026
Credit of up to €14,000 on 30-day terms is acceptable
Liquidity ample (current ratio 1.98, compared with 0.68 in 2024, above the usual 1.5; short-term debt: 19.7% and cash: 16.5% of total assets), but 77.1% 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 38, micro): better than 34% on solvency, 73% on liquidity, 29% on profitability and 28% on growth.

The bankruptcy probability was computed on 14-10-2026 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

Five signals.
lowers riskraises riskneutral
raises risk · Latest accounts 31 days late; 1 of the last 3 late
NBB · filings
lowers risk · Size: total assets €763,452
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Sector: Waste collection, recovery and disposal activities (NACE 38)
KBO
lowers risk · Founded in 2015
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
31 days late
2024
22 days late
2023
19 days early
2022
24 days early
2021
24 days early
2020
30 days early
2019
42 days late
← 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 on the deadline day; the sector median (NACE 38) for financial year 2024 is 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 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 13 July (4 of the last 5 filed years within 40 days of that day).
Companies Code · seven months
Where today falls in the filing period
15-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Weakest financial yearnet -€284
  3. Liquidity more than doubledcurrent ratio 1.98

Key points

  • Among the largest 7% on gross marginsector median €41,095 · 198 companies €409,546 View
  • One director decidessole director in office 1 View
  • Total assets 20256 financial years filed €763,452 View

By topic

Financials

Financial year
2025
Total assets
€763,452
Loss
-€284
Solvency
22.9%
Turnover▲ 30.7%
Net result
20202024
Go to Financials

Timeline

Events
16
Since
2016
Next accounts
by 31-07-2027
  1. 04-09-2025Appointment: Jean-François Damas (director)
  2. 22-08-2025Annual accounts filed
  3. 12-07-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Cooperative company
Activity
Materials recovery from wasteNACE 38210
Founded
05-03-2015
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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