Equity
€1.8m ▲ 0.4%
DECO RECYCLING has made a profit in every financial year since 2007.
DECO RECYCLING
Lifetime
19 annual accounts with figures on one time axispeak €733,861 (2025)
€733,861▲ 12.5%
peak €456,996 (2025)
€456,996▲ 68.1%
peak €2.0m (2011)
€1.8m▲ 0.4%
€943,738▲ 16.6%
peak 9.3 FTE (2011)
4.3 FTE▼ 14.0%
Board4 names since 2021
4 directorsDE COSTER Bert and 3 others
Owners
99.52%TROBEJA
Documentsfilings and deeds
07-07-202624 days before the deadline
2025financial year
Gross margin from €652,271 to €733,861Result from €271,866 to €456,996Staff from 5 FTE to 4.3 FTEDebts from €809,447 to €943,738
Key points
from the 2025 annual accountsResult
€456,996 ▲ 68.1%
The result rose in 2025: different schema filed.
Turnover
≈ €1.7m estimated
The accounts state no turnover.
Staff
4.3 FTE from 9.3 in 2011
Between 2011 and 2025, 54% of the full-time equivalents disappeared.
Filings
19 annual accounts since 2007
The last five annual accounts were filed 19 to 37 days before the end of the period.
At the same address
15 companies
Checked score
92
Excellent
Financially stronger than 58% of micro companies in waste collection and treatment (NACE 38)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.5% across 520 companies (NACE 38, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%lowest value
01-2025: 0.1%● unchanged vs 12-2024lowest value
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.2%▲ +0.1 percentage points vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.3%▲ +0.1 percentage points vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026highest value
08-2026: 0.2%▼ -0.1 percentage points vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
lowers risk
Founded in 2006
Figures for financial year 2025 (filed on 07-07-2026)
Size: 4.3 FTE, total assets €2.8m
Equity €1.8m (65.8% of total assets)
Calculation
The band follows from the bankruptcy probability. 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). It does better than 75% of them on solvency, 32% on liquidity, 85% on profitability and 41% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 34,693 companies had the same profile as DECO RECYCLING has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of DECO RECYCLING itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for DECO RECYCLING. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €160,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.84 (3.14 in 2024), above the usual 1.5. Short-term debt is 33.4% and cash 0.9% of total assets. 34.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
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 days early
2024
36 days early
2023
37 days early
2022
35 days early
2021
19 days early
2020
22 days early
2019
23 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 28 days before the deadline. In the sector (NACE 38), the median for financial year 2024 was 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 26 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Project notification acknowledged
Verbouwen en/of uitbreiden van bijgebouwen, niet-overdekte lage constructies of wijzigen van andere beperkte handelingen · Houthalen-Helchteren
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0885993545
4 directors reappointed
TROBEJA (managing director), DE COSTER Rob, DE COSTER Bert and DRIESEN Ghislaine (managing director) · Permanent representative: DE COSTER Felix Dominique · General meeting of 05-06-2023 · Gazette deed
New establishment in Bilzen-Hoeselt
Deense Wijersstraat 9
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| DECO RECYCLING Houthalen-Helchteren | €2.8m | €733,861 | 65.8% | 4.3 |
| ClozDloop Malle | €2.8m | €605,678 | -155.0% | 5.1 |
| Movarec Tielt | €3.4m | €655,498 | 66.0% | 4 |
| W.E. TRADE Maasmechelen | €2.3m | €517,937 | 51.3% | 3.7 |
| STAELENS RECUP Houthulst | €2.2m | €575,768 | 12.6% | 5 |
| VEHICLE & METAL RECYCLING Châtelet | €2.8m | €534,064 | 63.4% | 6 |
| RCMD Wielsbeke | €2.4m | €799,124 | 44.0% | 3.5 |
These companies have the same main activity as DECO RECYCLING: materials recovery from waste (NACE 38210). They are comparable in size and age: total assets between €2.2m and €3.4m, founded between 2002 and 2008.
Official details
Source: KBO- Status
- Active since 28-12-2006Normal situation
- Registered office
- 16 active companies are registered at this addressSource: KBO register, as of 9 November 2026.
- Activity
- Materials recovery from wasteNACE 38210and 4 others
- Establishment units
- 2.159.703.1193530 Houthalen-Helchteren, since 28-12-2006
- 2.292.266.7823740 Bilzen-Hoeselt, since 01-01-2015
- Financial year end
- 31 December
- Peppol
- Reachable since 11-09-2024
Annual accounts 2025
- €2.8m▲ 5.4%
- Employeeson 31-12-2025
- 4▼ 20.0%
- Filing
- Filed on 07-07-2026, 24 days before the end of the filing period
Insights on DECO RECYCLING
DECO RECYCLING has existed since 2006. The present size dates from 2023. The gross margin rose that year from €259,020 to €654,094.
TROBEJA holds all the shares. In June 2023, the Official Gazette published the appointment of DRIESEN Ghislaine as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about DECO RECYCLING
- What is the company number of DECO RECYCLING?
- The company number of DECO RECYCLING is 0885.993.545. The VAT number is the same number with BE in front: BE 0885.993.545.
- Where is DECO RECYCLING based?
- The registered office is at Grote Baan 572, 3530 Houthalen-Helchteren.Company details
- What does DECO RECYCLING do?
- According to the KBO register, the main activity is materials recovery from waste (NACE 38210).
- What is the legal form of DECO RECYCLING?
- DECO RECYCLING is a public limited company (NV).
- When was DECO RECYCLING founded?
- DECO RECYCLING was founded on 28-12-2006.
- Is DECO RECYCLING still active?
- Yes, DECO RECYCLING is an active enterprise in the KBO register.
- How many employees does DECO RECYCLING have?
- DECO RECYCLING had an average of 4.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of DECO RECYCLING?
- The turnover in financial year 2025 is ≈ €1.7m. This figure is estimated from the gross margin of €733,861 and 2,275 comparable companies of the same size. It probably lies between €1.0m and €2.9m. It is a rough estimate.
- Is DECO RECYCLING profitable?
- In financial year 2025, DECO RECYCLING made a profit of €456,996.
- Where can I find the annual accounts of DECO RECYCLING?
- DECO RECYCLING filed 19 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of DECO RECYCLING due?
- DECO RECYCLING must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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