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J.M. RECYCLING

Active
Public limited companyfounded 1989active for 36 yearsEkkelgaarden 16, 3500 Hasselt, BelgiumKBO/BCE: BE 0439.652.993

From the official registers: KBO 59 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

J.M. RECYCLING has been active since 1989 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €220.4m and a net result of €11.9m, of which €30.3m non-recurring income. Equity has been growing by about 10% per year since 2018. The computed 12-month bankruptcy probability is below 0.1% (very low).

Risk analysisFollow ReportCompare
J.M. RECYCLINGActiveChecked score 95/100
Risk analysis ReportCompare

Overview

Official details

KBO
Status
Active since 22-12-1989 Normal situation
Registered office
40 active companies are registered at this address 3 started in the 12 months before. Source: KBO register, as of 1 November 2026.
Activity
Business and other management consultancy NACE 70200and 2 others
Establishment unit
2.046.758.792 3500 Hasselt, since 24-01-1990
Financial year end
31 December
Peppol
Reachable since 05-08-2025
Company details

Board and ownership

Board
  • Jemi Consult BVChair · permanent representative Louis MACHIELS
  • NV JeinepoelDirector · since 01-09-2023
  • TomMelotteBVDirector · since 01-12-2025 · permanent representative TomMelotte
Auditor
VAN HAVERMAET
Holdings
Shares in 23 companies including Battery of Limburg and BIO-ENERGY
Board & ownership

Financial position

95 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Annual accounts 2025
Turnover
€198.5m
▲ 46×
Profit
€11.9m
▼ 31.6%
Equity
€220.4m
▲ 99.8%
Total assets
€536.1m
▲ 182%
Staff
≈ 470 FTE
estimated
Turnover +4,528%: branch receivedStandalone figures, without subsidiaries
Filed on 13-08-2026, 6 days after the deadlineat the National Bank
Financials
Score breakdownraises riskLiquidity: current ratio 1.69, cash €23.9mlowers riskSize: turnover €198.5m, total assets €536.1m, files consolidated accountsSector: Activities of head offices; management consultancy activities (NACE 70)Figures for financial year 2025 (filed on 18-08-2026)Show the evidence

Checked score

Score 2025
95 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 56% of large companies in head offices and management consultancy (NACE 70)
Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Average
Solvency 66-17
equity 41.1% of total assets
Liquidity 43+5
short-term debt 29.8% · cash 4.5%
Profitability 60+25
return on assets 2.2%
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 0.1% (204 companies, NACE 70, large)
Credit of up to €19,850,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.69 (0.77 in 2024), above the usual 1.5. Short-term debt is 29.8% and cash 4.5% of total assets. However, 58.9% 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 70, large). It does better than 28% of them on solvency, 25% on liquidity, 78% on profitability and 94% on growth.

The bankruptcy probability was computed on 31-10-2026 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 riskraises risk
lowers risk · Size: turnover €198.5m, total assets €536.1m, files consolidated accounts
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 · Sector: Activities of head offices; management consultancy activities (NACE 70)
KBO
raises risk · Liquidity: current ratio 1.69, cash €23.9m
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed on 18-08-2026)
NBB · annual accounts
raises risk · 2025 accounts filed 6 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-08-2026, 6 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 5 filings
Deviation from the deadline
2025
6 days late
2024
29 days late
2023
29 days late
2022
11 days late
2021
1 day late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 5 accounts on average 15 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 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 11 August (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
01-11-2026 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

  • Turnover rose in 2025branch received from J.M. CONSTRUCT NV ▲ 46× View
  • Positive: 2nd largest company by total assets in Hasselt, Professional and technical services…in the Checked rankings No. 2 View
  • Heads a groupcompanies controlled 38 View
  • Positive: 4 years of growth in a rowturnover 2025: €198.5m 4 years View
  • Board changedlatest change 30-03-2026 · 3 in office 1 joined · 1 left View
  • Branch taken over from J.M. CONSTRUCT NVtakeover on 17-06-2024 2024 View

Companies linked to J.M. RECYCLING

Comparable companies

These companies have the same main activity as J.M. RECYCLING: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €103m and €241m, founded between 1988 and 2006.

CompanyTotal assetsTurnover
J.M. RECYCLING Hasselt€199.2m€3.8m
Arch - Invest Brussel€240.5m€5.6m
ORKARI Dilsen-Stokkem€103.6m€7.3m
T.P.F. Vorst€148.5m€9.1m
POST VERBA VERBERA Evergem€102.9m€4.5m
DEUS Ieper€164.2m€2.9m
K FINANCE COORDINATION & SERVICES Elsene€133.5m€2.0m
Full comparison

Documents

Annual accounts at the NBB

All 59 annual accounts

Acts in the Belgian Official Gazette

All publications in the Belgian Official Gazette

Articles and registers

Key facts about J.M. RECYCLING
What is the company number of J.M. RECYCLING?
The company number of J.M. RECYCLING is 0439.652.993. The VAT number is the same number with BE in front: BE 0439.652.993.
Where is J.M. RECYCLING based?
The registered office is at Ekkelgaarden 16, 3500 Hasselt.Company details
What does J.M. RECYCLING do?
According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
What is the legal form of J.M. RECYCLING?
The legal form of J.M. RECYCLING is Public limited company (NV).
When was J.M. RECYCLING founded?
J.M. RECYCLING was founded on 22-12-1989.
Is J.M. RECYCLING still active?
Yes, J.M. RECYCLING is an active enterprise in the KBO register.
How many employees does J.M. RECYCLING have?
J.M. RECYCLING had an average of 9.6 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
What is the turnover of J.M. RECYCLING?
The turnover of J.M. RECYCLING was €198.5m in financial year 2025, according to the filed annual accounts.
Is J.M. RECYCLING profitable?
In financial year 2025, J.M. RECYCLING made a profit of €11.9m.
Where can I find the annual accounts of J.M. RECYCLING?
J.M. RECYCLING filed 59 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
When are the next annual accounts of J.M. RECYCLING due?
J.M. RECYCLING must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

Next steps

Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence See whether the workforce is growing and whether people stay.Employer check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See which support similar companies received that this one did not.Subsidies

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