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DC Recycling

Active
Public limited companyfounded 199927 yrs activeIndustrieweg 30, 2280 Grobbendonk, BelgiumKBO/BCE: BE 0466.103.014
Summary

The computed 12-month bankruptcy probability of DC Recycling is 8.8% (elevated). The 2025 annual accounts show negative equity (-€3.2m) and a net result of -€5.6m. Equity is growing by ~13.9% per year across the filed fiscal years. Its solvency ranks better than 5% of 278 sector peers (fiscal year 2025). The company has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
DC RecyclingActiveChecked score 31/100
Risk analysis ReportCompare

Overview

Activity
Materials recovery from waste
NACE 38210NACE 37200NACE 38323
1 site
Size
€7.4mturnover 2025
Staff
3.9 FTE
Equity
-€3.2m
Loss
-€5.6m
Financial health
31 Weak Checked score 2025
Bankruptcy chance 12 m
8.8%
Structure
Parent
DCA INFRA · 100%
Board
2 members
Accounts filed 102 d late3 of 32 deeds read
Why 31- Negative equity -€3.2m- Loss of €5.6m (FY 2025)- Latest accounts 102 days late; 1 of the last 3 late- Liquidity: current ratio 0.23, cash €5,813, halvedShow the evidence

Checked score

Score 2025
31 / 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 17% of its sector peers (NACE 38, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 0-54
equity -173.1% of total assets
Liquidity 0-27
short-term debt 171.0% · cash 0.3%
Profitability 58-17
return on assets -301.0%
Bankruptcy probability, 12 months
8.8% Elevated
0%0.5%1.5%4%10%≥ 25%

About 9 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (518 companies)
Last 24 months 11-2024: 0.3% 12-2024: 0.3%▲ +1.9% vs 11-2024 01-2025: 0.3%▲ +13.0% vs 12-2024 02-2025: 0.3%● 0.0% vs 01-2025 03-2025: 0.3%▼ -1.4% vs 02-2025 04-2025: 0.4%▲ +29.5% vs 03-2025 05-2025: 0.6%▲ +67.7% vs 04-2025 06-2025: 0.3%▼ -59.0% vs 05-2025 07-2025: 0.3%● 0.0% vs 06-2025 08-2025: 0.3%● 0.0% vs 07-2025 09-2025: 0.3%● 0.0% vs 08-2025 10-2025: 0.3%● 0.0% vs 09-2025 11-2025: 0.2%▼ -3.8% vs 10-2025lowest value 12-2025: 0.3%▲ +2.0% vs 11-2025 01-2026: 0.3%▲ +8.2% vs 12-2025 02-2026: 0.3%▲ +3.3% vs 01-2026 03-2026: 0.3%▲ +1.1% vs 02-2026 04-2026: 0.4%▲ +31.6% vs 03-2026 05-2026: 0.7%▲ +82.6% vs 04-2026 06-2026: 0.9%▲ +29.2% vs 05-2026 07-2026: 1.4%▲ +60.7% vs 06-2026 08-2026: 1.5%▲ +3.6% vs 07-2026 09-2026: 8.8%▲ +489% vs 08-2026highest value 10-2026: 8.8%● 0.0% vs 09-2026highest value
  • Negative equity -€3.2m raises the probability
  • Loss of €5.6m (FY 2025) raises the probability
  • Latest accounts 102 days late; 1 of the last 3 late raises the probability
  • Liquidity: current ratio 0.23, cash €5,813, halved raises the probability
No credit on open account
Liquidity short (current ratio 0.23 against 2.0 in 2024; short-term debt: 171% and cash: 0.3% of total assets), and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 38, micro). Better than this share of them on solvency 5%, liquidity 3%, profitability 38%, growth against the median 21%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Negative equity -€3.2m
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Loss of €5.6m (FY 2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Latest accounts 102 days late; 1 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
raises risk · Liquidity: current ratio 0.23, cash €5,813, halved
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
18192021232425
2018 to 2025 · latest year -€3.2m
raises risk · Filed more than 90 days late
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 10-08-2026, 102 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filings
Deviation from the deadline
2025
102 d late
2024
7 d late
2023
21 d early
2021
6 d early
2020
22 d early
2019
26 d late
2018
14 d 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 10 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 7 May (3 of the last 3 filed years within 95 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 close06-10-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Algemene Vergadering - BoekjaarGeneral meeting · Board meeting
  2. Annual accounts filedfiscal year 2025 · full…
  3. Resignations: BV Vrancken Bedrijfsbeheer (bestuurder) and…Permanent representatives: Franciscus Vrancken, Luc…

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€3.2m View
  • Caution: From profit to loss in 2025after €716,364 in 2024 -€5.6m View
  • Caution: Among the weakest 5% on solvencysector median 40.9% · 278 companies -173.1% View
  • Caution: Board changedlatest change 05-06-2026 · 2 in office 2 joined · 2 left View
  • Caution: Latest accounts filed lateafter the legal deadline 102 d View
  • Controlled by DCA INFRAultimately: Eurocon Investments - Eurocon… 100% View

By topic

Financials

Fiscal year
2025
Turnover
€7.4m
Loss
-€5.6m
Solvency
-173.1%
Turnover▼ 4.0%
Net result
20192025
Go to Financials

Timeline

Events
16
Since
2016
Next accounts
by 30-04-2027
  1. 01-10-2026Algemene Vergadering - Boekjaar
  2. 10-08-2026Annual accounts filed
  3. 24-06-2026Resignations: BV Vrancken Bedrijfsbeheer (bestuurder) and BV…
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Materials recovery from wasteNACE 38210
Founded
21-05-1999
Year ends
30-09
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
3
Financial year
From 1 January to 31 December
Annual meeting
First Friday of April at 14:00
Go to Articles of association

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