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GOVAERTS RECYCLING

Active
Public limited companyfounded 1998active for 28 yearsKolmenstraat 1324, 3570 Alken, BelgiumKBO/BCE: BE 0464.130.449
Summary

GOVAERTS RECYCLING has been active since 1998 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.4m and a net result of €1.0m. Equity has been stable since 2018 (±2.1% per year). Its solvency ranks better than 63% of 230 sector peers (NACE 22, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

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GOVAERTS RECYCLINGActiveChecked score 96/100
Risk analysis ReportCompare

Overview

Official details

Source: KBO
Status
Active since 14-09-1998 Normal situation
Activity
Manufacture of rubber and plastic products NACE 22210and 5 others
Joint committees
116 Paritair Comité voor de scheikundige nijverheid
207 Paritair Comité voor de bedienden uit de scheikundige nijverheid · annual accounts 2025
Establishment unit
2.088.840.065 3570 Alken, since 16-10-1998
Financial year end
31 December
Peppol
Reachable since 10-10-2025
Company details

Board and ownership

Board
  • UNO InvestDirector · since 20-11-2024 · permanent representative Wouter Uten
Auditor
Moore Audit
Shareholders
Board & ownership

Financial position

96 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Annual accounts 2025
Turnover
€15.1m
▼ 2.1%
Profit
€1.0m
▼ 14.5%
Equity
€5.4m
▲ 23.7%
Total assets
€8.6m
▼ 32.4%
Employees on 31-12-2025
28
▼ 3.4%
Filed on 16-07-2026, 15 days before the deadline
Financials
Score breakdownlowers riskFounded in 1998Size: turnover €15.1m, 29 FTE, total assets €8.6mProfit of €1.0m (financial year 2025)Equity €5.4m (62.4% of total assets)Show the evidence

Checked score

Score 2025
96 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 66% of small companies in rubber and plastics (NACE 22)
Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Strong
Solvency 87+28
equity 62.4% of total assets
Liquidity 48+28
short-term debt 34.5% · cash 10.6%
Profitability 83-2
return on assets 12.1%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (161 companies, NACE 22, small)
Last 24 months 12-2024: < 0.1% 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025lowest value 03-2025: < 0.1%● unchanged vs 02-2025lowest value 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: 0.2%▲ +0.2 percentage points 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: < 0.1%▼ -0.3 percentage points vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: 0.1%▲ +0.1 percentage points vs 09-2026 11-2026: 0.1%● unchanged vs 10-2026
Credit of up to €500,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.83 (1.11 in 2024), above the usual 1.5. Short-term debt is 34.5% and cash 10.6% of total assets. 37.6% of the assets are financed with debt and provisions.
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 22, small). It does better than 66% of them on solvency, 56% on liquidity, 79% on profitability and 65% on growth.

The bankruptcy probability was computed on 01-11-2026 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.

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).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskneutral
lowers risk · Founded in 1998
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Size: turnover €15.1m, 29 FTE, total assets €8.6m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Profit of €1.0m (financial year 2025)
NBB · annual accounts
lowers risk · Equity €5.4m (62.4% of total assets)
NBB · annual accounts
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 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
15 days early
2024
22 days early
2023
33 days early
2022
38 days early
2021
25 days early
2020
26 days early
2019
25 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 26 days before the deadline. In the sector (NACE 22), the median for financial year 2024 was 14 days before the deadline, and 34% 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 6 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: 2nd largest company by total assets in Alken, Manufacturing sectorin the Checked rankings No. 2 View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Positive: 8 profitable years in a rowprofit 2025: €1.0m 8 years View
  • Flemish supportawarded from 2022 to 2025 €264,721 View

Recent changes

  1. · Gazette deed Resignations: Maxime Monard (director) and Wouter Uten (director)Appointment: UNO Invest BV (director) · Permanent representatives: Wouter Uten, Lieven 's Heeren and Tom Vandebroek
  2. · Gazette deed Resignations: Maxime Monard (director) and Wouter Uten (director)Appointment: UNO Invest BV (director) · Permanent representatives: Wouter Uten, Lieven 's Heeren and Tom Vandebroek
  3. · Gazette deed Resignations: Eddy Govaerts (director) and Govaerts Holding (director)Permanent representatives: Marleen Govaerts and 's Heeren Lieven · Appointments: Wouter Uten, Maxime Monard and Larsa
All 20 events

Companies linked to GOVAERTS RECYCLING

Comparable companies

These companies have the same main activity as GOVAERTS RECYCLING: manufacture of rubber and plastic products (NACE 22210). They are comparable in size and age: total assets between €5.2m and €13m, founded between 1984 and 2004.

CompanyTotal assetsTurnover
GOVAERTS RECYCLING Alken€8.6m€15.1m
CIREPA Ath€9.8m€17.1m
THERMOPOL KUNSTSTOFTECHNIEK Essen€6.5m€11.8m
SOVAPLASTICS Tielt€8.7m€12.3m
VECTOR PACKAGING EUROPE Hasselt€11.3m€19.5m
Polymer Precision Solutions Belgium Lommel€12.6m€21.2m
The Compost Bag Company Herent€5.2m€9.3m
Full comparison

Key facts about GOVAERTS RECYCLING
What is the company number of GOVAERTS RECYCLING?
The company number of GOVAERTS RECYCLING is 0464.130.449. The VAT number is the same number with BE in front: BE 0464.130.449.
Where is GOVAERTS RECYCLING based?
The registered office is at Kolmenstraat 1324, 3570 Alken.Company details
What does GOVAERTS RECYCLING do?
According to the KBO register, the main activity is manufacture of rubber and plastic products (NACE 22210).
What is the legal form of GOVAERTS RECYCLING?
The legal form of GOVAERTS RECYCLING is Public limited company (NV).
When was GOVAERTS RECYCLING founded?
GOVAERTS RECYCLING was founded on 14-09-1998.
Is GOVAERTS RECYCLING still active?
Yes, GOVAERTS RECYCLING is an active enterprise in the KBO register.
How many employees does GOVAERTS RECYCLING have?
GOVAERTS RECYCLING had an average of 29 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does GOVAERTS RECYCLING fall under?
In its 2025 annual accounts, GOVAERTS RECYCLING states joint committees 116 (Paritair Comité voor de scheikundige nijverheid) and 207 (Paritair Comité voor de bedienden uit de scheikundige nijverheid).
What is the turnover of GOVAERTS RECYCLING?
The turnover of GOVAERTS RECYCLING was €15.1m in financial year 2025, according to the filed annual accounts.
Is GOVAERTS RECYCLING profitable?
In financial year 2025, GOVAERTS RECYCLING made a profit of €1.0m.
Where can I find the annual accounts of GOVAERTS RECYCLING?
GOVAERTS RECYCLING filed 27 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of GOVAERTS RECYCLING due?
GOVAERTS RECYCLING must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

Next steps

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