DECO RECYCLING
ActiveDECO RECYCLING has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.82M and a net result of €457k. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 78% of 227 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
100
/ 100
Excellent▲ +7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+25
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €180k at 30 days acceptable
Liquidity ample (current ratio 2.84 against 3.14 in 2024), and 34.2% 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 · 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
65.8%
Return on assets
16.6%
Age of the figures
8 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 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
36 d early
2023
37 d early
2022
35 d early
2021
19 d early
2020
22 d early
2019
23 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€457k▲ 68.1%
2024 · €272k
2018: €47k
2019: €50k
2020: €31k
2021: €3k
2022: €4k
2023: €286k
2024: €272k
2018 → 2025
Working capital
€1.70M▲ 0.7%
2024 · €1.68M
2018: €1.54M
2019: €1.58M
2020: €1.61M
2021: €1.59M
2022: €1.61M
2023: €1.65M
2024: €1.68M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.75M-€1.75M▲ 0.2%€1.79M▲ 2.1%€1.81M▲ 1.2%€1.82M▲ 0.4%
Operating result€-15k-€-12k▲ 19.2%€279k€254k▼ 9.2%€400k▲ 57.7%
Net result€3k-€4k▲ 16.5%€286k▲ 7,713%€272k▼ 5.1%€457k▲ 68.1%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 58% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.76M
Fixed assets
€143k▼ 3.3%
Current assets
€2.62M▲ 5.9%
Equity and liabilities €2.76M
Equity
€1.82M▲ 0.4%
Debt
€944k▲ 16.6%
The debt ratio rises from 30.9% to 34.2%: debt grows faster than equity.
Key figures and ratios
EBITDA
€405k▲
2024 · €259k
Cash flow
€462k▲
2024 · €277k
Solvency
65.8%▼
2024 · 69.1%
Current ratio
2.84▼
2024 · 3.14
Quick ratio
2.76▼
2024 · 3.10
Debt / equity
0.52▲
2024 · 0.45
ROE
25.2%▲
2024 · 15.0%
ROA
16.6%▲
2024 · 10.4%
Interest coverage
551.27▲
2024 · 351.83
Debt
€944k▲
2024 · €809k
Debt ≤ 1 year
€922k▲
2024 · €788k
Income taxes
€5k▼
2024 · €12k
Staff costs
€299k▼
2024 · €367k
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€2.62M€2.76M▲
Fixed assets21/28€148k€143k▼
Tangible fixed assets22/27€148k€143k▼
Land and buildings22€148k€143k▼
Current assets29/58€2.47M€2.62M▲
Stocks and contracts in progress3€29k€68k▲
Stocks30/36€29k€68k▲
Amounts receivable within one year40/41€2.40M€2.53M▲
Trade receivables40€403k€263k▼
Other amounts receivable41€2.00M€2.26M▲
Cash at bank and in hand54/58€27k€24k▼
Deferred charges and accrued income490/1€15k€383▼
Equity and liabilities
Total equity and liabilities10/49€2.62M€2.76M▲
Equity10/15€1.81M€1.82M▲
Contributions10/11€1.26M€1.26M=
Capital10€1.26M€1.26M=
Issued capital100€1.26M€1.26M=
Outside capital11€2k€2k=
Share premium1100/10€2k€2k=
Reserves13€121k€122k▲
Non-distributable reserves130/1€121k€122k▲
Legal reserve130€121k€122k▲
Profit (loss) carried forward14€427k€433k▲
Amounts payable17/49€809k€944k▲
Amounts payable within one year42/48€788k€922k▲
Trade debts44€505k€418k▼
Suppliers440/4€505k€418k▼
Taxes, remuneration and social security45€33k€54k▲
Taxes450/3€14k€46k▲
Remuneration and social security454/9€19k€8k▼
Other amounts payable47/48€250k€450k▲
Accrued charges and deferred income492/3€21k€22k▲
Income statement
Code20242025
Remuneration, social security and pensions62€367k€299k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€7k
Other operating charges640/8€26k€23k▼
Gross operating margin9900€652k€734k▲
Operating profit (loss)9901€254k€400k▲
Financial income75/76B€31k€62k▲
Recurring financial income75€31k€62k▲
Financial charges65/66B€735€735=
Recurring financial charges65€735€735=
Profit (loss) for the period before taxes9903€284k€462k▲
Income taxes67/77€12k€5k▼
Profit (loss) for the period9904€272k€457k▲
Profit (loss) for the period to be appropriated9905€272k€457k▲
Appropriation of the result
Profit (loss) to be appropriated9906€690k€884k▲
Profit (loss) brought forward from the previous period14P€418k€427k▲
Transfer to equity691/2€14k€350▼
To the legal reserve6920€14k€350▼
Profit to be distributed694/7€250k€450k▲
Directors or managers695€250k€450k▲
Social balance
Average headcount (FTE)90875.04.3▼
The notes to these accounts (16 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
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €457k ▲68.1%
Operating result €400k, net result €457k, both a record.
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €3k ▼90%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-06
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
3 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, Houthalen-Helchteren · 2 establishment units since 2006
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.
Grote Baan 5723530 Houthalen-HelchterenGround area
6.9 ha
Building footprint
2,758 m²
Volume, LiDAR
9,389 m³
2 parcels, Flanders · tallest building 12.3 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Deco Recycling
since 20062.159.703.119
Deco recycling
since 20152.292.266.782
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73006A0014/00M000 | Flanders | 4.0 ha | 1 · 2,161 m² | 12.3 m · 1 fl. |
| 72014B0053/00G010 | Flanders | 2.9 ha | 1 · 597 m² | 5.6 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 · 4 entries · 2,229 EUR awarded · 2,180 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 885 EUR | 836 EUR |
| 2024 | 1 | 174 EUR | 174 EUR |
| 2023 | 1 | 284 EUR | 284 EUR |
| 2022 | 1 | 886 EUR | 886 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 974 companies in sector 38210 we hold annual accounts for 582. 401 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded28-12-2006
Fiscal year end31-12
Activities, NACEBEL
37200
38210Materials recovery from waste
38323Waste collection, recovery and disposal activities
45111
23660Manufacture of other non-metallic mineral products
23690Manufacture of other non-metallic mineral products
26660
42220Construction of utility projects for electricity and telecommunications
43110Demolition
45215
47792Retail sale of second-hand clothing
52502
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesPhone:011/60.65.81
Fax:011/60.65.80