DE CEUSTER RECYCLING
ActiveDE CEUSTER RECYCLING has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.53M and a net result of €376k. Equity is growing by ~12.7% per year across the filed fiscal years. Its solvency ranks better than 90% of 217 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
85
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability93▲+18
Solvency100▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130k at 30 days acceptable
Liquidity ample (current ratio 2.27 against 3.11 in 2024; short-term debt: 13.2% and cash: 10.5% of total assets), and 21.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
78.5%
Return on assets
19.2%
Age of the figures
9 mo
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
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 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
22 d early
2023
36 d early
2022
38 d early
2021
39 d early
2020
24 d early
2019
39 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.53M▼ 21.9%
2024 · €1.96M
2018: €978k
2019: €1.01M
2020: €1.12M
2021: €1.30M
2022: €1.47M
2023: €1.82M
2024: €1.96M
2018 → 2025
Total assets
€1.95M▼ 31.3%
2024 · €2.84M
2018: €1.83M
2019: €2.40M
2020: €2.42M
2021: €2.47M
2022: €2.63M
2023: €2.89M
2024: €2.84M
2018 → 2025
Net result
€376k▲ 159%
2024 · €145k
2018: €72k
2019: €36k
2020: €105k
2021: €178k
2022: €170k
2023: €350k
2024: €145k
2018 → 2025
Working capital
€326k▼ 47.4%
2024 · €619k
2018: €-217k
2019: €164k
2020: €277k
2021: €442k
2022: €306k
2023: €466k
2024: €619k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.30M-€1.47M▲ 13.1%€1.82M▲ 23.9%€1.96M▲ 8.0%€1.53M▼ 21.9%
Operating result€273k-€231k▼ 15.4%€523k▲ 127%€233k▼ 55.4%€552k▲ 137%
Net result€178k-€170k▼ 4.9%€350k▲ 106%€145k▼ 58.5%€376k▲ 159%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 137% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.95M
Fixed assets
€1.37M▼ 29.0%
Current assets
€582k▼ 36.2%
Equity and liabilities €1.95M
Equity
€1.53M▼ 21.9%
Provisions
€103k▲ 59.9%
Debt
€317k▼ 61.1%
The debt ratio falls from 28.7% to 16.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€790k▲
2024 · €497k
Cash flow
€613k▲
2024 · €410k
Solvency
78.5%▲
2024 · 69.1%
Current ratio
2.27▼
2024 · 3.11
Quick ratio
2.27▼
2024 · 3.11
Debt / equity
0.21▼
2024 · 0.42
ROE
24.5%▲
2024 · 7.4%
ROA
19.2%▲
2024 · 5.1%
Interest coverage
41.09▲
2024 · 15.14
Debt
€317k▼
2024 · €815k
Debt ≤ 1 year
€257k▼
2024 · €294k
Debt > 1 year
€60k▼
2024 · €521k
Income taxes
€119k▲
2024 · €72k
Staff costs
€568k▲
2024 · €471k
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€2.84M€1.95M▼
Fixed assets21/28€1.93M€1.37M▼
Tangible fixed assets22/27€1.93M€1.37M▼
Land and buildings22€1.35M€833k▼
Plant, machinery and equipment23€281k€352k▲
Furniture and vehicles24€293k€184k▼
Financial fixed assets28€945€945=
Current assets29/58€913k€582k▼
Amounts receivable within one year40/41€625k€372k▼
Trade receivables40€257k€360k▲
Other amounts receivable41€368k€13k▼
Cash at bank and in hand54/58€269k€206k▼
Deferred charges and accrued income490/1€19k€4k▼
Equity and liabilities
Total equity and liabilities10/49€2.84M€1.95M▼
Equity10/15€1.96M€1.53M▼
Contributions10/11€6k€6k=
Reserves13€1.96M€1.53M▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€41k€157k▲
Distributable reserves133€1.91M€1.37M▼
Profit (loss) carried forward14-€0
Provisions and deferred taxes16€65k€103k▲
Provisions for liabilities and charges160/5€50k€50k=
Pensions and similar obligations160€50k€50k=
Deferred taxes168€15k€54k▲
Amounts payable17/49€815k€317k▼
Amounts payable after more than one year17€521k€60k▼
Financial debts170/4€521k€60k▼
Amounts payable within one year42/48€294k€257k▼
Current portion of amounts payable after more than one year42€142k€48k▼
Trade debts44€70k€83k▲
Suppliers440/4€70k€83k▲
Advances received on contracts in progress46-€617
Taxes, remuneration and social security45€82k€125k▲
Taxes450/3€30k€58k▲
Remuneration and social security454/9€52k€67k▲
Income statement
Code20242025
Non-recurring operating income76A€0€183k▲
Remuneration, social security and pensions62€471k€568k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€264k€238k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€28k€28k▼
Non-recurring operating charges66A-€13k
Gross operating margin9900€997k€1.40M▲
Operating profit (loss)9901€233k€552k▲
Financial income75/76B€12k€6▼
Recurring financial income75€12k€6▼
Financial charges65/66B€33k€19k▼
Recurring financial charges65€33k€19k▼
Profit (loss) for the period before taxes9903€213k€533k▲
Transfer from deferred taxes780€5k€6k▲
Transfer to deferred taxes680€0€44k▲
Income taxes67/77€72k€119k▲
Profit (loss) for the period9904€145k€376k▲
Transfer from tax-exempt reserves789€18k€17k▼
Transfer to tax-exempt reserves689€0€133k▲
Profit (loss) for the period to be appropriated9905€163k€260k▲
Appropriation of the result
Profit (loss) to be appropriated9906€163k€260k▲
Transfer from equity791/2-€806k
Transfer to equity691/2€163k€260k▲
To other reserves6921€163k€260k▲
Profit to be distributed694/7-€806k
Return on contributions (dividend)694-€806k
Social balance
Average headcount (FTE)90878.59.6▲
The notes to these accounts (24 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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €376k ▲159%
Operating result €552k, net result €376k, both a record.
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €36k ▼50%
Net result drops to €36k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 1.68
Current ratio from 0.61 to 1.68; short-term debt falls from €551k to €240k.
31-12
Financial
Equity above €1MEq €1.01M ▲3.7%
2 profitable years in a row build equity to €1.01M.
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
19-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Olen · 1 establishment unit since 2008
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.
Hoogbuul 312250 OlenGround area
6,528 m²
Building footprint
3,101 m²
Volume, LiDAR
30,713 m³
Parcel 13029F0470/00D000, Flanders · tallest building 12.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
DE CEUSTER RECYLCING
since 20082.170.112.110
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13029F0470/00D000 | Flanders | 6,528 m² | 1 · 3,100 m² | 12.3 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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 2024 · 2 entries · 6,620 EUR awarded · 6,620 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 620 EUR | 620 EUR |
| 2022 | 1 | 6,000 EUR | 6,000 EUR |
Schemes
Subsidies ecologisch en veilig transport (stopgezet)
Subsidies jeugdhulp
Similar companies · same sector, comparable size
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WILLEMS SCHROOT
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Of 977 companies in sector 38210 we hold annual accounts for 585. 407 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-03-2008
Fiscal year end31-12
Abbreviation NL
DCH RECYCLING
Activities, NACEBEL
38210Materials recovery from waste
38329Waste collection, recovery and disposal activities
49410Freight transport by road
39000Remediation activities and other waste management service activities
43110Demolition
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.