DM RECYCLING
ActiveDM RECYCLING has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €197k and a net result of €56k. Equity is growing by ~21.4% per year across the filed fiscal years. Its solvency ranks better than 47% of 474 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
86
/ 100
Excellent▼ -7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+49
Solvency57▼-35
Growth52=
Stability100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity tight (current ratio 1.13 against 1.67 in 2024), and 65.3% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 33
Relative position
BE, all sectors
reference
Sector 33
higher
← fewer bankruptcies
more bankruptcies →
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
34.7%
Return on assets
9.9%
Age of the figures
8 mo
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 30-07-2026, 1 day ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
1 d early
2024
28 d late
2023
26 d late
2022
123 d early
2021
40 d early
2020
59 d early
2019
36 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€56k▲ 60.4%
2024 · €35k
2018: €67k
2019: €111k
2020: €125k
2021: €181k
2022: €85k
2023: €126k
2024: €35k
2018 → 2025
Working capital
€47k▼ 59.6%
2024 · €116k
2018: €-12k
2019: €17k
2020: €110k
2021: €260k
2022: €-3k
2023: €43k
2024: €116k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€345k-€230k▼ 33.4%€306k▲ 33.2%€341k▲ 11.4%€197k▼ 42.3%
Operating result€230k-€105k▼ 54.2%€177k▲ 68.1%€49k▼ 72.5%€76k▲ 56.0%
Net result€181k-€85k▼ 53.2%€126k▲ 49.4%€35k▼ 72.4%€56k▲ 60.4%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 56% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €567k
Fixed assets
€153k▼ 41.5%
Current assets
€414k▲ 42.8%
Equity and liabilities €567k
Equity
€197k▼ 42.3%
Debt
€370k▲ 75.6%
The debt ratio rises from 38.2% to 65.3%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€169k▲
2024 · €154k
Cash flow
€149k▲
2024 · €140k
Solvency
34.7%▼
2024 · 61.8%
Current ratio
1.13▼
2024 · 1.67
Quick ratio
1.13▼
2024 · 1.67
Debt / equity
1.88▲
2024 · 0.62
ROE
28.4%▲
2024 · 10.2%
ROA
9.9%▲
2024 · 6.3%
Interest coverage
137.93▲
2024 · 82.95
Debt
€370k▲
2024 · €211k
Debt ≤ 1 year
€367k▲
2024 · €174k
Debt > 1 year
€3k▼
2024 · €37k
Income taxes
€19k▲
2024 · €12k
Staff costs
€124k▼
2024 · €198k
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€552k€567k▲
Fixed assets21/28€262k€153k▼
Tangible fixed assets22/27€259k€150k▼
Land and buildings22€45k€42k▼
Plant, machinery and equipment23€39k€5k▼
Furniture and vehicles24€70k€41k▼
Leasing and similar rights25€105k€61k▼
Financial fixed assets28€3k€3k▲
Current assets29/58€290k€414k▲
Amounts receivable within one year40/41€176k€221k▲
Trade receivables40€148k€142k▼
Other amounts receivable41€28k€79k▲
Cash at bank and in hand54/58€103k€186k▲
Deferred charges and accrued income490/1€11k€7k▼
Equity and liabilities
Total equity and liabilities10/49€552k€567k▲
Equity10/15€341k€197k▼
Contributions10/11€6k€6k=
Reserves13€220k€20k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€218k€18k▼
Profit (loss) carried forward14€115k€171k▲
Amounts payable17/49€211k€370k▲
Amounts payable after more than one year17€37k€3k▼
Financial debts170/4€37k€3k▼
Amounts payable within one year42/48€174k€367k▲
Current portion of amounts payable after more than one year42€53k€34k▼
Trade debts44€86k€71k▼
Suppliers440/4€86k€71k▼
Taxes, remuneration and social security45€27k€54k▲
Taxes450/3€5k€39k▲
Remuneration and social security454/9€23k€15k▼
Other amounts payable47/48€7k€207k▲
Income statement
Code20242025
Remuneration, social security and pensions62€198k€124k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€105k€93k▼
Other operating charges640/8€27k€26k▼
Non-recurring operating charges66A€368€3k▲
Gross operating margin9900€379k€322k▼
Operating profit (loss)9901€49k€76k▲
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€47k€75k▲
Income taxes67/77€12k€19k▲
Profit (loss) for the period9904€35k€56k▲
Profit (loss) for the period to be appropriated9905€35k€56k▲
Appropriation of the result
Profit (loss) to be appropriated9906€115k€171k▲
Profit (loss) brought forward from the previous period14P€80k€115k▲
Transfer from equity791/2-€200k
Profit to be distributed694/7-€200k
Return on contributions (dividend)694-€200k
Social balance
Average headcount (FTE)90875.14.1▼
The notes to these accounts (12 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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet €35k ▼72.4%
Net result drops to €35k, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 26 days late
2023
30-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €181k ▲44.6%
Operating result €230k, net result €181k, both a record.
31-12
Financial
Equity above €200kEq €345k ▲110%
4 profitable years in a row build equity to €345k.
02-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €150kEq €165k ▲315%
3 profitable years in a row build equity to €165k.
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
13-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro 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, Pepinster · 1 establishment unit since 2017
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.
Massau 34860 PepinsterGround area
480 m²
Building footprint
165 m²
Volume, LiDAR
1,142 m³
2 parcels, Wallonia · tallest building 10.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
DM RECYCLING
since 20172.264.477.965
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63452C0433/00L000 | Wallonia | 299 m² | 1 · 95 m² | 10.7 m · 3 fl. |
| 63452C0402/02G000indicative | Wallonia | 182 m² | 1 · 70 m² | 7.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
4 categoriesDM RECYCLING SRL45167
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Of 3,705 companies in sector 33120 we hold annual accounts for 1,335. 1,117 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded12-05-2017
Fiscal year end31-12
Activities, NACEBEL
33120Repair and maintenance of machinery
49410Freight transport by road
38210Materials recovery from waste
38329Waste collection, recovery and disposal activities
39000Remediation activities and other waste management service activities
95312Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
52250Logistics services
52290Warehousing and support activities for transportation
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.