FILTERRES
ActiveSummary
FILTERRES has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €145,942 and a net result of -€2,268. Equity is shrinking by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 60% of 275 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability36▲+1
Solvency73=
Growth22=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity short (current ratio 0.33 against 0.36 in 2023; short-term debt: 20.5% and cash: 6% of total assets), and 52.2% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
47.8%
Return on assets
-0.7%
Age of the figures
21 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
Waste collection, recovery and disposal activities (NACE 38)
about 10% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-07-2025, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
4 d early
2023
30 d late
2022
22 d early
2021
80 d late
2020
62 d late
2019
123 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 45 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
€99,148▼ 87.1%
2018 · €768,311
EBIT margin
180.2%▲ 155.5pp
2018 · 24.7%
Net result
-€2,268▲ 16.3%
2023 · -€2,709
Working capital
-€42,058▼ 5.7%
2023 · -€39,790
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 38, Waste collection, recovery and disposal activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover
Operating result€113,140▼ 36.7%-€10,259-€3,560▲ 65.3%-€1,342▲ 62.3%-€904▲ 32.6%
Net result€82,099within the sector's middle half▼ 32.4%-€11,414below the sector's middle half-€5,144below the sector's middle half▲ 54.9%-€2,709below the sector's middle half▲ 47.3%-€2,268within the sector's middle half▲ 16.3%
EBIT margin
Equity€167,478below the sector's middle half▼ 20.4%€156,064below the sector's middle half▼ 6.8%€150,919below the sector's middle half▼ 3.3%€148,210below the sector's middle half▼ 1.8%€145,942below the sector's middle half▼ 1.5%
Total assets€512,226below the sector's middle half▼ 29.7%€307,028below the sector's middle half▼ 40.1%€269,169below the sector's middle half▼ 12.3%€307,717below the sector's middle half▲ 14.3%€305,449below the sector's middle half▼ 0.7%
Debt€232,748▼ 16.3%€53,965▼ 76.8%€21,250▼ 60.6%€62,507▲ 194%€62,507=
Working capital€279,478within the sector's middle half▼ 38.0%€253,064within the sector's middle half▼ 9.5%€247,919within the sector's middle half▼ 2.0%-€39,790within the sector's middle half-€42,058below the sector's middle half▼ 5.7%
Solvency32.7%within the sector's middle half▲ 3.8pp50.8%within the sector's middle half▲ 18.1pp56.1%within the sector's middle half▲ 5.2pp48.2%within the sector's middle half▼ 7.9pp47.8%within the sector's middle half▼ 0.4pp
Current ratio2.20within the sector's middle half▼ 0.425.69above the sector's middle half▲ 3.4912.67above the sector's middle half▲ 6.980.36below the sector's middle half▼ 12.300.33below the sector's middle half▼ 0.04
Return on assets (ROA)16.0%above the sector's middle half▼ 0.6pp-3.7%below the sector's middle half▼ 19.7pp-1.9%below the sector's middle half▲ 1.8pp-0.9%below the sector's middle half▲ 1.0pp-0.7%below the sector's middle half▲ 0.1pp
above
within
below
the middle half (P25 to P75) of NACE 38, Waste collection, recovery and disposal activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €904 in 2024 against €1,342 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €305,449
Fixed assets
€285,000 =
Current assets
€20,449 ▼ 10.0%
Equity and liabilities €305,449
Equity
€145,942 ▼ 1.5%
Provisions
€97,000 =
Debt
€62,507 =
Debt's share of the balance-sheet total rises from 20.3% to 20.5%. Equity is lower.
Key figures and ratios
Debt to equity
0.43▲
2023 · 0.42
ROE
-1.6%▲
2023 · -1.8%
Debt ≤ 1 year
€62,507=
2023 · €62,507
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | €24,234 | - | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | -€15,000 | - | - | - | - |
| Other operating charges640/8 | - | €1,025 | €250 | - | - | - |
| Gross operating margin9900 | -€14,242 | -€24,234 | -€3,310 | -€1,342 | -€904 | ▲ 32.6% |
| Operating profit (loss)9901 | €113,140 | -€10,259 | -€3,560 | -€1,342 | -€904 | ▲ 32.6% |
| Financial charges65/66B | - | €1,156 | €1,485 | €1,367 | €1,364 | ▼ 0.3% |
| Recurring financial charges65 | €1,156 | €1,156 | €1,485 | €1,367 | €1,364 | ▼ 0.3% |
| Profit (loss) for the period before taxes9903 | €111,985 | -€11,414 | -€5,045 | -€2,709 | -€2,268 | ▲ 16.3% |
| Income taxes67/77 | €29,886 | - | €100 | - | - | - |
| Profit (loss) for the period9904 | €82,099 | -€11,414 | -€5,144 | -€2,709 | -€2,268 | ▲ 16.3% |
| Profit (loss) for the period to be appropriated9905 | €82,099 | -€11,414 | -€5,144 | -€2,709 | -€2,268 | ▲ 16.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €512,226 | €307,028 | €269,169 | €307,717 | €305,449 | ▼ 0.7% |
| Fixed assets21/28 | - | - | - | €285,000 | €285,000 | = |
| Financial fixed assets28 | - | - | - | €285,000 | €285,000 | = |
| Current assets29/58 | €512,226 | €307,028 | €269,169 | €22,717 | €20,449 | ▼ 10.0% |
| Amounts receivable within one year40/41 | €3 | €1,085 | €202,265 | €2,265 | €2,265 | = |
| Other amounts receivable41 | - | €1,085 | €202,265 | €2,265 | €2,265 | = |
| Cash at bank and in hand54/58 | €512,223 | €305,943 | €66,904 | €20,452 | €18,184 | ▼ 11.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €512,226 | €307,028 | €269,169 | €307,717 | €305,449 | ▼ 0.7% |
| Equity10/15 | €167,478 | €156,064 | €150,919 | €148,210 | €145,942 | ▼ 1.5% |
| Contributions10/11 | €150,000 | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Capital10 | - | €150,000 | - | - | - | - |
| Issued capital100 | - | €150,000 | - | - | - | - |
| Reserves13 | €15,000 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Non-distributable reserves130/1 | - | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Legal reserve130 | - | €15,000 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €15,000 | €15,000 | €15,000 | = |
| Profit (loss) carried forward14 | €2,478 | -€8,936 | -€14,081 | -€16,790 | -€19,058 | ▼ 13.5% |
| Provisions and deferred taxes16 | €112,000 | €97,000 | €97,000 | €97,000 | €97,000 | = |
| Provisions for liabilities and charges160/5 | - | €97,000 | €97,000 | €97,000 | €97,000 | = |
| Other liabilities and charges164/5 | - | €97,000 | €97,000 | €97,000 | €97,000 | = |
| Amounts payable17/49 | €232,748 | €53,965 | €21,250 | €62,507 | €62,507 | = |
| Amounts payable within one year42/48 | €232,748 | €53,965 | €21,250 | €62,507 | €62,507 | = |
| Trade debts44 | €21,826 | €24,079 | €21,250 | €21,418 | €21,418 | = |
| Suppliers440/4 | - | €24,079 | €21,250 | €21,418 | €21,418 | = |
| Taxes, remuneration and social security45 | - | €29,886 | - | - | - | - |
| Taxes450/3 | - | €29,886 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €41,089 | €41,089 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €82,099 | -€11,414 | -€5,144 | -€2,709 | -€2,268 | ▲ 16.3% |
| Operating cash flow (approximation) | €82,099 | -€11,414 | -€5,144 | -€2,709 | -€2,268 | ▲ 16.3% |
| Investment in fixed assets (approximation) | - | - | - | - | €0 | - |
| Change in cash | - | -€206,280 | -€239,040 | -€46,452 | -€2,268 | ▲ 95.1% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
27-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
09-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Liquidity doublescurrent ratio 12.67
Current ratio from 5.69 to 12.67; short-term debt falls from €53,965 to €21,250.
19-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 80 days late
2021
31-12
Financial
Weakest financial yearnet -€11,414
Net result drops to -€11,414, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 5.69
Current ratio from 2.20 to 5.69; short-term debt falls from €232,748 to €53,965.
01-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 62 days late
2020
01-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 123 days late
2019
31-12
Financial
Equity above €200,000Eq €210,379 ▲11.3%
2 profitable years in a row build equity to €210,379.
07-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
09-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
10 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, Seraing · 1 establishment unit since 2010
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.
Rue de l'Environnement 104100 Seraing1 establishment unit
Rue de l'Environnement 10, 4100 Seraing
since 20102.190.752.918
Structure & network
Owners and holdings
1 ownerOwners 1
-
25.1%
Stated earlier (1)
An older source named these owners; newer accounts no longer list them.
-
74.9%
Holdings 0
The accounts to 31-12-2021 list no holdings, and no other source names one.
According to the 2021 annual accounts of FILTERRES and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 978 companies in sector 38210 we hold annual accounts for 587. 333 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded03-06-2010
Fiscal year end31-12
Activities, NACEBEL 2025
38210Materials recovery from waste
E-invoicing
Not found in the Peppol register
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Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.