KABEL RECYCLING COMPANY
ActiveKABEL RECYCLING COMPANY has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.92M and a net result of €881k. Equity is growing by ~14.4% per year across the filed fiscal years. Its solvency ranks better than 57% of 7930 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
100
/ 100
Excellent▲ +14 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+13
Solvency94▲+12
Growth78=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €290k at 30 days acceptable
Liquidity ample (current ratio 1.94 against 1.66 in 2024), and 48.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
51.5%
Return on assets
15.6%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 38
Relative position
BE, all sectors
reference
Sector 38
higher
← fewer bankruptcies
more bankruptcies →
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 16-06-2026, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
45 d early
2024
3 d early
2023
5 d early
2022
18 d early
2021
5 d early
2020
23 d late
2019
31 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.92M▲ 30.4%
2024 · €2.23M
2018: €1.03M
2019: €1.04M
2020: €1.26M
2021: €1.60M
2022: €1.76M
2023: €2.05M
2024: €2.23M
2018 → 2025
Total assets
€5.66M▲ 14.3%
2024 · €4.95M
2018: €2.67M
2019: €2.86M
2020: €3.55M
2021: €4.68M
2022: €3.60M
2023: €4.26M
2024: €4.95M
2018 → 2025
Net result
€881k▲ 126%
2024 · €389k
2018: €109k
2019: €17k
2020: €214k
2021: €689k
2022: €216k
2023: €633k
2024: €389k
2018 → 2025
Working capital
€2.47M▲ 37.2%
2024 · €1.80M
2018: €560k
2019: €456k
2020: €709k
2021: €1.06M
2022: €1.28M
2023: €1.64M
2024: €1.80M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.60M-€1.76M▲ 10.4%€2.05M▲ 16.1%€2.23M▲ 9.2%€2.92M▲ 30.4%
Operating result€909k-€273k▼ 70.0%€597k▲ 119%€516k▼ 13.6%€1.11M▲ 115%
Net result€689k-€216k▼ 68.6%€633k▲ 193%€389k▼ 38.6%€881k▲ 126%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 115% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.66M
Fixed assets
€564k▲ 29.1%
Current assets
€5.09M▲ 12.8%
Equity and liabilities €5.66M
Equity
€2.92M▲ 30.4%
Debt
€2.74M▲ 1.0%
The debt ratio falls from 54.8% to 48.5%: equity grows faster than debt.
Key figures and ratios
EBITDA
€1.23M▲
2024 · €613k
Cash flow
€1.00M▲
2024 · €486k
Solvency
51.5%▲
2024 · 45.2%
Current ratio
1.94▲
2024 · 1.66
Quick ratio
1.43▲
2024 · 1.21
Debt / equity
0.94▼
2024 · 1.21
ROE
30.2%▲
2024 · 17.4%
ROA
15.6%▲
2024 · 7.9%
Interest coverage
160.30▲
2024 · 13.80
Debt
€2.74M▲
2024 · €2.71M
Debt ≤ 1 year
€2.63M▼
2024 · €2.71M
Debt > 1 year
€116k
Income taxes
€321k▲
2024 · €111k
Staff costs
€608k▲
2024 · €585k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€4.95M€5.66M▲
Fixed assets21/28€436k€564k▲
Tangible fixed assets22/27€436k€564k▲
Plant, machinery and equipment23€412k€444k▲
Furniture and vehicles24€25k€120k▲
Current assets29/58€4.51M€5.09M▲
Stocks and contracts in progress3€1.22M€1.33M▲
Stocks30/36€1.22M€1.33M▲
Amounts receivable within one year40/41€992k€1.34M▲
Trade receivables40€461k€977k▲
Other amounts receivable41€531k€367k▼
Current investments50/53€1.48M€1.49M▲
Cash at bank and in hand54/58€798k€925k▲
Deferred charges and accrued income490/1€23k€4k▼
Equity and liabilities
Total equity and liabilities10/49€4.95M€5.66M▲
Equity10/15€2.23M€2.92M▲
Contributions10/11€19k€19k=
Reserves13€2.22M€2.90M▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€2.21M€2.90M▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€2.71M€2.74M▲
Amounts payable after more than one year17-€116k
Financial debts170/4-€116k
Amounts payable within one year42/48€2.71M€2.63M▼
Current portion of amounts payable after more than one year42€115k€60k▼
Trade debts44€2.26M€2.03M▼
Suppliers440/4€2.26M€2.03M▼
Taxes, remuneration and social security45€174k€362k▲
Taxes450/3€57k€261k▲
Remuneration and social security454/9€116k€101k▼
Other amounts payable47/48€170k€170k=
Income statement
Code20242025
Non-recurring operating income76A€957€5k▲
Remuneration, social security and pensions62€585k€608k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€97k€120k▲
Other operating charges640/8€3k€5k▲
Non-recurring operating charges66A€3k€0▼
Gross operating margin9900€1.20M€1.84M▲
Operating profit (loss)9901€516k€1.11M▲
Financial income75/76B€29k€100k▲
Recurring financial income75€29k€100k▲
Non-recurring financial income76B€0-
Financial charges65/66B€44k€8k▼
Recurring financial charges65€44k€8k▼
Profit (loss) for the period before taxes9903€500k€1.20M▲
Income taxes67/77€111k€321k▲
Profit (loss) for the period9904€389k€881k▲
Profit (loss) for the period to be appropriated9905€389k€881k▲
Appropriation of the result
Profit (loss) to be appropriated9906€389k€881k▲
Profit (loss) brought forward from the previous period14P€0-
Transfer to equity691/2€189k€681k▲
To other reserves6921€189k€681k▲
Profit to be distributed694/7€200k€200k=
Return on contributions (dividend)694€200k€200k=
Directors or managers695€0-
Social balance
Average headcount (FTE)90877.77.7=
The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €881k ▲126%
Operating result €1.11M, net result €881k, both a record.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €2MEq €2.05M ▲16.1%
6 profitable years in a row build equity to €2.05M.
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 23 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
31-12
Financial
Weakest financial yearnet €17k ▼84%
Net result drops to €17k, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 26 days late
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
07-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 7 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Zele · 1 establishment unit since 1996
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Korte Rinkhoutstraat 329240 ZeleGround area
7,190 m²
Building footprint
1,815 m²
Volume, LiDAR
9,648 m³
2 parcels, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
KRC BVBA
since 19962.031.601.256
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42028B0765/00C000 | Flanders | 6,320 m² | 1 · 1,679 m² | 8.3 m · 2 fl. |
| 42028B0956/00G000 | Flanders | 870 m² | 1 · 136 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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De Vreese Recycling
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FROMTO Houthalen
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Emile SANGLIER
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Of 974 companies in sector 38210 we hold annual accounts for 582. 373 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-10-1987
Fiscal year end31-12
Abbreviation NL
K.R.C.
Activities, NACEBEL
37100
38210Materials recovery from waste
38322Waste collection, recovery and disposal activities
46872Wholesale trade
51570
Sources
Crossroads Bank for EnterprisesNational Bank · 38 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.