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HENS RECYCLING

Active
Private limited companyfounded 199134 yrs activeBredabaan (Centrum) 54, 2990 Wuustwezel, BelgiumKBO/BCE: BE 0446.036.088
Summary

HENS RECYCLING has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €216,251 and a net result of €71,592. Equity is shrinking by ~26.3% per year across the filed fiscal years. Its solvency ranks better than 93% of 7459 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability100▲+13
Solvency100▲+15
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17,000 at 30 days acceptable
Liquidity short (current ratio 0.57 against 0.0 in 2023; short-term debt: 5.8% and cash: 0% of total assets), and 12.9% of the assets are financed with debt.
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Signals

Three 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 34 years 0 40 y
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
61 d late
2023
58 d late
2022
74 d late
2021
61 d late
2020
69 d late
2019
98 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 70 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

HENS RECYCLING was incorporated on 19 December 1991.1 Total assets fell from EUR 1.5 million in 2018 to EUR 248,254 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, abbreviated schema

Equity
€216,251▲ 49.5%
2023 · €144,659
Total assets
€248,254▲ 3.3%
2023 · €240,215
Net result
€71,592▲ 102%
2023 · €35,506
Working capital
-€6,249▲ 93.4%
2023 · -€95,341
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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
Operating result-€104,997€60,910-€15,671€35,559€99,318▲ 179%
Net result-€75,895below the sector's middle half€56,239within the sector's middle half-€2,282below the sector's middle half€35,506within the sector's middle half€71,592within the sector's middle half▲ 102%
Equity€922,233above the sector's middle half▼ 7.3%€978,472above the sector's middle half▲ 6.1%€976,191above the sector's middle half▼ 0.2%€144,659within the sector's middle half▼ 85.2%€216,251within the sector's middle half▲ 49.5%
Total assets€1.1mwithin the sector's middle half▼ 7.9%€1.0mwithin the sector's middle half▼ 10.2%€1.1mwithin the sector's middle half▲ 4.2%€240,215below the sector's middle half▼ 77.7%€248,254below the sector's middle half▲ 3.3%
Debt€209,687▼ 1.8%€37,215▼ 82.3%€89,684▲ 141%€95,556▲ 6.5%€14,502▼ 84.8%
Working capital€653,044above the sector's middle half▼ 5.0%€714,598above the sector's middle half▲ 9.4%€733,710above the sector's middle half▲ 2.7%-€95,341below the sector's middle half-€6,249below the sector's middle half▲ 93.4%
Solvency80.3%above the sector's middle half▲ 0.5pp94.8%above the sector's middle half▲ 14.6pp90.8%above the sector's middle half▼ 4.0pp60.2%within the sector's middle half▼ 30.6pp87.1%above the sector's middle half▲ 26.9pp
Current ratio4.49above the sector's middle half▲ 0.2720.20above the sector's middle half▲ 15.729.18above the sector's middle half▼ 11.020.00below the sector's middle half▼ 9.180.57below the sector's middle half▲ 0.57
Return on assets (ROA)-6.6%below the sector's middle half▼ 14.2pp5.5%within the sector's middle half▲ 12.1pp-0.2%below the sector's middle half▼ 5.7pp14.8%above the sector's middle half▲ 15.0pp28.8%above the sector's middle half▲ 14.1pp
Staff (FTE)
above within below the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€200,000-€100,000€0€100,000Operating result 2020: -€104,997-€104,997Net result 2020: -€75,895-€75,895Operating result 2021: €60,910€60,910Net result 2021: €56,239€56,239Operating result 2022: -€15,671-€15,671Net result 2022: -€2,282-€2,282Operating result 2023: €35,559€35,559Net result 2023: €35,506€35,506Operating result 2024: €99,318€99,318Net result 2024: €71,592€71,59220202021202220232024-€50,000€0€50,000€100,000Operating result 2022: -€15,671-€15,700Net result 2022: -€2,282-€2,280Operating result 2023: €35,559€35,600Net result 2023: €35,506€35,500Operating result 2024: €99,318€99,300Net result 2024: €71,592€71,600202220232024
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 179% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €248,254
Fixed assets €240,000 =
Current assets €8,254 ▲ 3,743%
Equity and liabilities €248,254
Equity €216,251 ▲ 49.5%
Provisions €17,500
Debt €14,502 ▼ 84.8%
Debt's share of the balance-sheet total falls from 39.8% to 5.8%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
Debt to equity
0.07▼
2023 · 0.66
ROE
33.1%▲
2023 · 24.5%
Debt ≤ 1 year
€14,502▼
2023 · €95,556
Income taxes
€7,151▼
2023 · €22,900
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 31,370 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.5% went bankrupt
5.9% stopped otherwise
93% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 31,370 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 46 lines
Balance sheet Code20232024
Assets
Total assets20/58€240,215€248,254▲
Fixed assets21/28€240,000€240,000=
Tangible fixed assets22/27€240,000€240,000=
Land and buildings22€240,000€240,000=
Current assets29/58€215€8,254▲
Amounts receivable within one year40/41-€8,162
Other amounts receivable41-€8,162
Cash at bank and in hand54/58€215€91▼
Equity and liabilities
Total equity and liabilities10/49€240,215€248,254▲
Equity10/15€144,659€216,251▲
Reserves13€144,659€216,251▲
Tax-exempt reserves132-€52,500
Distributable reserves133€144,659€163,751▲
Provisions and deferred taxes16-€17,500
Deferred taxes168-€17,500
Amounts payable17/49€95,556€14,502▼
Amounts payable within one year42/48€95,556€14,502▼
Trade debts44€6,487€6,189▼
Suppliers440/4€6,487€6,189▼
Taxes, remuneration and social security45€23,353€7,151▼
Taxes450/3€23,353€7,151▼
Other amounts payable47/48€65,715€1,162▼
Income statement Code20232024
Non-recurring operating income76A-€70,000
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11,615-
Other operating charges640/8€4,833€4,090▼
Non-recurring operating charges66A€5-
Gross operating margin9900€52,012€103,408▲
Operating profit (loss)9901€35,559€99,318▲
Financial income75/76B€16,085€0▼
Recurring financial income75€16,085€0▼
Financial charges65/66B€2,372€3,075▲
Recurring financial charges65€2,372€3,075▲
Profit (loss) for the period before taxes9903€49,272€96,244▲
Transfer from deferred taxes780€9,135-
Transfer to deferred taxes680-€17,500
Income taxes67/77€22,900€7,151▼
Profit (loss) for the period9904€35,506€71,592▲
Transfer from tax-exempt reserves789€27,404-
Transfer to tax-exempt reserves689-€52,500
Profit (loss) for the period to be appropriated9905€62,909€19,092▼
Appropriation of the result
Profit (loss) to be appropriated9906€62,909€19,092▼
Transfer from equity791/2€49,537-
Transfer to equity691/2€62,909€19,092▼
To other reserves6921€62,909€19,092▼
Profit to be distributed694/7€49,537-
Return on contributions (dividend)694€49,537-

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Non-recurring operating income76A-€33,006--€70,000-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€38,049€28,366€28,366€11,615--
Other operating charges640/8-€3,431€3,492€4,833€4,090▼ 15.4%
Non-recurring operating charges66A---€5--
Gross operating margin9900€99,442€92,706€16,187€52,012€103,408▲ 98.8%
Operating profit (loss)9901-€104,997€60,910-€15,671€35,559€99,318▲ 179%
Financial income75/76B-€15,638€15,531€16,085€0▼ 100.0%
Recurring financial income75€17,121€15,638€15,531€16,085€0▼ 100.0%
Financial charges65/66B-€3,376€2,330€2,372€3,075▲ 29.6%
Recurring financial charges65€2,356€2,338€2,195€2,372€3,075▲ 29.6%
Non-recurring financial charges66B-€1,038€135---
Profit (loss) for the period before taxes9903-€94,528€73,171-€2,470€49,272€96,244▲ 95.3%
Transfer from deferred taxes780-€6,973€6,973€9,135--
Transfer to deferred taxes680-€6,250--€17,500-
Income taxes67/77-€108€17,654€6,784€22,900€7,151▼ 68.8%
Profit (loss) for the period9904-€75,895€56,239-€2,282€35,506€71,592▲ 102%
Transfer from tax-exempt reserves789-€20,918€20,918€27,404--
Transfer to tax-exempt reserves689-€18,750--€52,500-
Profit (loss) for the period to be appropriated9905-€31,794€58,407€18,636€62,909€19,092▼ 69.7%
Line20202021202220232024Change
Assets
Total assets20/58€1.1m€1.0m€1.1m€240,215€248,254▲ 3.3%
Fixed assets21/28€308,347€279,981€251,615€240,000€240,000=
Tangible fixed assets22/27€308,347€279,981€251,615€240,000€240,000=
Land and buildings22-€240,000€240,000€240,000€240,000=
Plant, machinery and equipment23-€39,981€11,615---
Current assets29/58€840,402€751,813€823,395€215€8,254▲ 3,743%
Amounts receivable within one year40/41€838,981€750,846€823,342-€8,162-
Other amounts receivable41-€750,846€823,342-€8,162-
Cash at bank and in hand54/58€1,421€968€52€215€91▼ 57.6%
Equity and liabilities
Total equity and liabilities10/49€1.1m€1.0m€1.1m€240,215€248,254▲ 3.3%
Equity10/15€922,233€978,472€976,191€144,659€216,251▲ 49.5%
Contributions10/11-€817,500€817,500---
Reserves13€136,527€160,972€158,691€144,659€216,251▲ 49.5%
Non-distributable reserves130/1-€81,750€81,750---
Reserves not available under the articles1311-€81,750€81,750---
Tax-exempt reserves132-€48,321€27,404-€52,500-
Distributable reserves133-€30,901€49,537€144,659€163,751▲ 13.2%
Profit (loss) carried forward14-€31,794-----
Provisions and deferred taxes16€16,830€16,107€9,135-€17,500-
Deferred taxes168-€16,107€9,135-€17,500-
Amounts payable17/49€209,687€37,215€89,684€95,556€14,502▼ 84.8%
Amounts payable within one year42/48€187,358€37,215€89,684€95,556€14,502▼ 84.8%
Trade debts44€4,947€19,561€65,246€6,487€6,189▼ 4.6%
Suppliers440/4-€19,561€65,246€6,487€6,189▼ 4.6%
Taxes, remuneration and social security45-€17,654€24,438€23,353€7,151▼ 69.4%
Taxes450/3-€17,654€24,438€23,353€7,151▼ 69.4%
Other amounts payable47/48---€65,715€1,162▼ 98.2%
Line20202021202220232024Change
Profit (loss) for the period9904-€75,895€56,239-€2,282€35,506€71,592▲ 102%
+ Depreciation and write-downs630€38,049€28,366€28,366€11,615--
Operating cash flow (approximation)-€37,846€84,605€26,084€47,121€71,592▲ 51.9%
Investment in fixed assets (approximation)-€0€0€0€0-
Change in cash--€453-€916€163-€124▼ 176%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
30-09
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema · 61 days late
2024
31-12
Financial Equity above €200,000Eq €216,251 ▲49.5%
2 profitable years in a row build equity to €216,251.
27-09
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema · 58 days late
2023
31-12
Financial Back to profitnet €35,506
Net result €35,506 after one loss-making year.
13-10
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema · 74 days late
2022
30-09
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema · 61 days late
2021
31-12
Financial Back to profitnet €56,239
Net result €56,239 after one loss-making year.
31-12
Financial Liquidity times 5current ratio 20.20
Current ratio from 4.49 to 20.20; short-term debt falls from €187,358 to €37,215.
08-10
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema · 69 days late
2020
31-12
Financial Weakest financial yearnet -€75,895
Net result drops to -€75,895, the lowest in the series; recovery starts the following year.
06-11
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema · 98 days late
2019
18-10
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema · 79 days late
Show earlier events
2018
24-10
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema · 85 days late
2017
28-09
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 59 days late
2016
29-08
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts

We know of 7 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
7 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, Wuustwezel · 1 establishment unit since 1992
seat establishment The establishment unit on the map
Ground area
4,136 m²
Building footprint
162 m²
Volume, LiDAR
850 m³
2 parcels, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HENS-VAN DIJCK BVBA
Bredabaan (Centrum) 1044, 2990 WuustwezelRaising of dairy cattle
since 19922.055.632.611
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11053C0274/00W000 Flanders 2,935 m² - -
11682G0469/00Y009 Flanders 1,200 m² 1 · 162 m² 9.5 m · 2 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Part of the group HENS STIJN 10 companies Group, risk and exposure

Owners and holdings

1 owner

Chain of control

  1. HENS STIJN 50.51%
  2. ALFRENS 100%
  3. HENS RECYCLING

Highest known parent: HENS STIJN. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts 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.

Similar companies · same sector, comparable size

Of 1,366 companies in sector 43110 we hold annual accounts for 635. 489 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded19-12-1991
Fiscal year end31-12
Activities, NACEBEL 2025
43110Demolition
E-invoicing
Reachable via Peppol
Peppol ID 0208:0446036088
Also 9925:BE0446036088
Registered 02-01-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.