Equity
€159,768 from €272,113 in 2007
Equity fell by 41% in 18 years.
Flor Recycling
Lifetime
16 annual accounts with figures on one time axis, 29 filings since 1993peak €179,320 (2007)
€29,449▲ 196%
lowest -€107,581 (2010)
€18,156▲ 108%
peak €272,113 (2007)
€159,768▲ 12.8%
€14,026▲ 1.3%
peak 3 FTE (2008)
-not published
Board4 names since 2005
1 directorSVHV NV
Documentsfilings and deeds
27-04-20263 days before the deadline
2025micro format
Gross margin from €9,935 to €29,449Result from €8,734 to €18,156Company renamed from AUTOBEDRIJF-AUTOAFBRAAK FLOR to Flor Rec… 28-03Equity from €141,612 to €159,768Cash from €46 to €17,789
Key points
from the 2025 annual accountsChecked score
96
Excellent
Financially stronger than 71% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,627 companies (NACE 68, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.5%▲ +0.1 percentage points vs 03-2025
05-2025: 0.6%▲ +0.1 percentage points vs 04-2025
06-2025: 0.6%● unchanged vs 05-2025
07-2025: 0.5%▼ -0.1 percentage points vs 06-2025
08-2025: 0.5%● unchanged vs 07-2025
09-2025: 0.5%● unchanged vs 08-2025
10-2025: 0.5%● unchanged vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.6%▲ +0.1 percentage points vs 12-2025
02-2026: 0.6%● unchanged vs 01-2026
03-2026: 0.6%● unchanged vs 02-2026
04-2026: 0.7%▲ +0.1 percentage points vs 03-2026highest value
05-2026: 0.2%▼ -0.5 percentage points vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.1%▼ -0.1 percentage points vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
lowers risk
Founded in 1992
Figures for financial year 2025 (filed on 27-04-2026)
Equity €159,768 (91.9% of total assets)
Legal form: public limited company
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 68, micro). It does better than 91% of them on solvency, 74% on liquidity, 50% on profitability and 69% on growth.
The bankruptcy probability was computed on 10-11-2026 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 30-09-2025.
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, 31,368 companies had the same profile as Flor Recycling has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Flor Recycling itself: 0.1% 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 31,368 companies, not a prediction for Flor 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 €15,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.31 (0.0 in 2024), below the usual 1.5. Short-term debt is 8.1% and cash 10.2% of total assets. 8.1% 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
6 signals, none raises the risk
Six signals.
lowers riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year €159,768
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-04-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 days early
2024
14 days early
2023
34 days early
2022
6 days early
2021
30 days early
2020
10 days early
2018
32 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 18 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 16 April (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
30-09-2026 year end10-11-2026 today30-04-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0446828520
Company renamed from AUTOBEDRIJF-AUTOAFBRAAK FLOR to Flor Recycling
“Het ophalen,het commercialiseren en het conditioneren van recuperatiestoffen en recuperatie producten zoals…” (deed in Dutch) · General meeting of 11-03-2025 · Gazette deed
Registered office moved from Herentals to Wommelgem
New registered office: De Hoge Keer 2 te 2160 Wommelgem · Previous registered office: Wolfstee 44 te 2200 Herentals · Resignation: Vercammen Franciscus (director) · General meeting of 20-03-2024 · Gazette deed
Registered office moved to Herentals
New registered office: Wolfstee 44, 2200 Herentals · Change of role: Franciscus Vercammen, from director to sole director · Resignations: ALFONS INVEST (director) and VIMEX (director) · General meeting of 26-10-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Flor Recycling Wommelgem | €173,794 | €29,449 | 91.9% | - |
| HEYAERT Lille | €162,896 | €25,799 | 84.8% | - |
| BORECRIMO Sint-Niklaas | €170,191 | €30,405 | 39.5% | - |
| All risk Lummen | €168,799 | €27,147 | 25.0% | - |
| LEGIT Oudenburg | €181,221 | €31,494 | 75.9% | - |
| LOTHY Ottignies-Louvain-la-Neuve | €188,049 | €33,126 | -47.0% | - |
| EMO Malmedy | €192,326 | €30,384 | 61.9% | - |
These companies have the same main activity as Flor Recycling: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €163,000 and €192,000, founded between 1989 and 1994.
Official details
Source: KBO- Status
- Active since 09-03-1992Normal situation
- Activity
- Renting and operating of own or leased residential real estate, excluding social housingNACE 68201and 1 other
- Joint committee
- 142.01Recovery of raw materials · annual accounts 30-09-2025
- Establishment unit
- 2.057.493.3282160 Wommelgem, since 14-05-1992
- Financial year end
- 30 September
- Peppol
- Reachable since 09-11-2026
Annual accounts to 30-09-2025
- ≈ €48,000estimated
- €173,794▲ 11.8%
- Filing
- Filed on 27-04-2026, 3 days before the end of the filing period
Insights on Flor Recycling
Flor Recycling files the micro format. That format states no turnover. The gross margin fell from €179,320 in 2007 to €29,449 in 2025.
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 Flor Recycling
- What is the company number of Flor Recycling?
- The company number of Flor Recycling is 0446.828.520. The VAT number is the same number with BE in front: BE 0446.828.520.
- Where is Flor Recycling based?
- The registered office is at De Hoge Keer 2, 2160 Wommelgem.Company details
- What does Flor Recycling do?
- According to the KBO register, the main activity is renting and operating of own or leased residential real estate, excluding social housing (NACE 68201).
- What is the legal form of Flor Recycling?
- Flor Recycling is a public limited company (NV).
- When was Flor Recycling founded?
- Flor Recycling was founded on 09-03-1992.
- Is Flor Recycling still active?
- Yes, Flor Recycling is an active enterprise in the KBO register.
- Which joint committee does Flor Recycling fall under?
- In its 30-09-2025 annual accounts, Flor Recycling states joint committee 142.01 (Recovery of raw materials).
- What is the turnover of Flor Recycling?
- The turnover in financial year 2025 is ≈ €48,000. This figure is estimated from the gross margin of €29,449 and 51 comparable companies (NACE 682). It probably lies between €36,000 and €70,000.Financials
- Is Flor Recycling profitable?
- In financial year 2025, Flor Recycling made a profit of €18,156.
- Where can I find the annual accounts of Flor Recycling?
- Flor Recycling filed 29 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Flor Recycling due?
- Flor Recycling must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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