Parent and group
- Indaver Holding100%
Indaver Plastics Recycling
ActiveSummary
Indaver Plastics Recycling has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €91.1m and a net result of €3.1m. Equity has been growing by about 21% per year since 2020. Its solvency ranks better than 88% of 280 sector peers (NACE 38, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Overview
Official details
Source: KBO- Status
- Active since 31-12-2019 Normal situation
- Activity
- Materials recovery from waste NACE 38210and 3 others
- Joint committees
- 200 Aanvullend Paritair Comité voor de bedienden
- 142 Paritair Comité voor de ondernemingen waar teruggewonnen grondstoffen opnieuw ter waarde worden gebracht · annual accounts 2025
- Establishment units
- 2.302.855.422 1850 Grimbergen, since 31-12-2019
- 2.302.855.620 2830 Willebroek, since 31-12-2019
- Financial year end
- 31 December
- Peppol
- Reachable
Board and ownership
Board
- Gavilán Consulting BVCEO · permanent representative Karl Huts
- BRAUNECK ChristophDirector
- ENTRA MOBILE BVDirector · permanent representative Dirk Michielsens
Shareholders
- INDAVER100%· score 87annual accounts 2025
- Katoen Natie Group SAconsolidatesannual accounts 2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.5%
Annual accounts 2025
- Turnover
- €33.2m
- ▲ 15.5%
- Profit
- €3.1m
- ▼ 58.7%
- Equity
- €91.1m
- ▲ 3.5%
- Total assets
- €116.9m
- ▲ 2.7%
- Employees on 31-12-2025
- 106
- ▲ 2.9%
Filed on 27-04-2026, 95 days before the deadline
Score breakdownraises riskLiquidity: current ratio 2.98, cash €94Founded in 2019Sector: Waste collection, recovery and disposal activities (NACE 38)lowers riskSize: turnover €33.2m, 106.4 FTE, total assets €116.9mShow the evidence
Checked score
Score 2025
85
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 78% of medium-sized companies in waste collection and treatment (NACE 38)
Financial strength · tick: 2024
Strong
Solvency
100=
equity 77.9% of total assets
Liquidity
50=
short-term debt 4.9% · cash 0.0%
Profitability
81-4
return on assets 2.6%
Bankruptcy probability within 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.6%
01-2025: 0.6%● unchanged vs 12-2024
02-2025: 0.6%● unchanged vs 01-2025
03-2025: 0.6%● unchanged vs 02-2025
04-2025: 0.6%● unchanged vs 03-2025highest value
05-2025: 0.6%● unchanged vs 04-2025
06-2025: 0.6%● unchanged vs 05-2025
07-2025: 0.6%● unchanged vs 06-2025
08-2025: 0.6%● unchanged vs 07-2025
09-2025: 0.6%● unchanged vs 08-2025
10-2025: 0.6%● unchanged vs 09-2025
11-2025: 0.6%● unchanged vs 10-2025
12-2025: 0.6%● unchanged vs 11-2025
01-2026: 0.6%● unchanged vs 12-2025
02-2026: 0.6%● unchanged vs 01-2026
03-2026: 0.6%● unchanged vs 02-2026
04-2026: 0.6%● unchanged vs 03-2026
05-2026: 0.6%● unchanged vs 04-2026
06-2026: 0.5%▼ -0.1 percentage points vs 05-2026lowest value
07-2026: 0.5%● unchanged vs 06-2026lowest value
08-2026: 0.5%● unchanged vs 07-2026lowest value
09-2026: 0.5%● unchanged vs 08-2026lowest value
10-2026: 0.5%● unchanged vs 09-2026
11-2026: 0.5%● unchanged vs 10-2026
Credit of up to €3,300,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.98 (1.37 in 2024), above the usual 1.5. Short-term debt is 4.9% and cash 0% of total assets. 22.1% 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 38, medium-sized). It does better than 97% of them on solvency, 64% on liquidity, 81% on profitability and 69% 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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Signals
Five signals.
lowers riskraises riskneutral
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 27-04-2026, 95 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
95 days early
2024
98 days early
2023
29 days early
2022
126 days early
2021
111 days early
2020
107 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 94 days before the deadline. In the sector (NACE 38), the median for financial year 2024 was 8 days before the deadline, and 32% 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 24 April (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
Key points
- Positive: Largest company by total assets in the province of Antwerp, Waste collection…in the Checked rankings No. 1 View
- Caution: Result fell in 2025from €7.4m to €3.1m ▼ 58.7% View
- Board changedlatest change 06-03-2026 · 9 in office 2 joined · 2 left View
- Positive: 5 years of growth in a rowturnover 2025: €33.2m 5 years View
- Positive: Always filed on timeaccounts within the deadline every year 6 years View
Recent changes
- · Gazette deed Reappointment: EY Bedrijfsrevisoren BV (statutory auditor)
- · Gazette deed Resignation: Rob Kruitwagen (director)Appointments: AVELIN BV, ENTRA MOBILE BV and 3 others · Permanent representatives: Jonathan Van Steelant, Dirk Michielsens and 3 others
- · Gazette deed Resignation: Alexander Bom (director)
Companies linked to Indaver Plastics Recycling
Comparable companies
These companies have the same main activity as Indaver Plastics Recycling: materials recovery from waste (NACE 38210). They are comparable in size and age: total assets between €28m and €48m, founded between 2007 and 2021.
| Company | Total assets | Turnover |
|---|---|---|
| Indaver Plastics Recycling Willebroek | €116.9m | €33.2m |
| PreZero Recycling Belgium Evergem | €40.3m | €16.9m |
| FILAO Charleroi | €47.6m | €44.7m |
| AC MATERIALS Gent | €28.2m | €57.5m |
| RAVAGO PRODUCTION Arendonk | €32.7m | €37.0m |
| EUREGIO RECYCLING BELGIUM Zutendaal | €45.2m | €73.5m |
| UVELIA Herstal | €32.1m | €56.0m |
Key facts about Indaver Plastics Recycling
- What is the company number of Indaver Plastics Recycling?
- The company number of Indaver Plastics Recycling is 0740.624.197. The VAT number is the same number with BE in front: BE 0740.624.197.
- Where is Indaver Plastics Recycling based?
- The registered office is at Boomsesteenweg 199, 2830 Willebroek.Company details
- What does Indaver Plastics Recycling do?
- According to the KBO register, the main activity is materials recovery from waste (NACE 38210).
- What is the legal form of Indaver Plastics Recycling?
- The legal form of Indaver Plastics Recycling is Public limited company (NV).
- When was Indaver Plastics Recycling founded?
- Indaver Plastics Recycling was founded on 31-12-2019.
- Is Indaver Plastics Recycling still active?
- Yes, Indaver Plastics Recycling is an active enterprise in the KBO register.
- How many employees does Indaver Plastics Recycling have?
- Indaver Plastics Recycling had an average of 106.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Indaver Plastics Recycling fall under?
- In its 2025 annual accounts, Indaver Plastics Recycling states joint committees 200 (Aanvullend Paritair Comité voor de bedienden) and 142 (Paritair Comité voor de ondernemingen waar teruggewonnen grondstoffen opnieuw ter waarde worden gebracht).
- What is the turnover of Indaver Plastics Recycling?
- The turnover of Indaver Plastics Recycling was €33.2m in financial year 2025, according to the filed annual accounts.
- Is Indaver Plastics Recycling profitable?
- In financial year 2025, Indaver Plastics Recycling made a profit of €3.1m.
- Where can I find the annual accounts of Indaver Plastics Recycling?
- Indaver Plastics Recycling filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Indaver Plastics Recycling due?
- Indaver Plastics Recycling must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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