Madeco-Recycling
The computed 12-month bankruptcy probability of Madeco-Recycling is 1.2% (low). The 2025 annual accounts show equity of €192k and a net result of €65k. Equity is growing by ~25.7% per year across the filed fiscal years. Its solvency ranks better than 57% of 56 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €192k |
| Net result | €65k |
| Better than sector | 57% |
| Active | 5 yrs |
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 43.2% | 35.8% | |
| Net result | €65k | €11k | |
| Equity | €192k | €740k | |
| Gross operating margin | €89k | €45k | |
| Total assets | €443k | €1.94M |
Show 10 other metrics
| Fiscal year | 2025 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €89k |
| Net profit | €65k |
| Cash flow | €68k |
| Staff costs | - |
| Income taxes | €19k |
| Dividends | €108k |
| Total assets | €443k |
| Equity | €192k |
| Debt | €251k |
| of which ≤ 1y | €108k |
| of which > 1y | €144k |
| Working capital | €76k |
| Employees (FTE) | - |
| 2025 | |
|---|---|
| Current ratio | 1.71 |
| Quick ratio | 1.71 |
| Working capital ratio | 17.1% |
| Solvency | 43.2% |
| Debt / equity | 1.31 |
| Long-term debt ratio | 0.75 |
| Interest coverage | 20.18 |
| Gross margin | - |
| Net margin | - |
| ROA | 14.8% |
| ROE | 34.2% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Full annual accounts (24 line items)
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €443k |
| Fixed assets | 21/28 | €259k |
| Tangible fixed assets | 22/27 | €259k |
| Financial fixed assets | 28 | €55 |
| Current assets | 29/58 | €184k |
| Amounts receivable within one year | 40/41 | €15k |
| Investments | 50/53 | €165k |
| Cash & bank | 54/58 | €4k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €443k |
| Equity | 10/15 | €192k |
| Contributions / capital | 10/11 | €5k |
| Reserves | 13 | €160k |
| Amounts payable | 17/49 | €251k |
| Amounts payable after one year | 17 | €144k |
| Amounts payable within one year | 42/48 | €108k |
| Trade debts payable within one year | 44 | €7k |
| Income statement | ||
| Gross operating margin | 9900 | €89k |
| Operating result | 9901 | €86k |
| Financial income | 75 | €2k |
| Financial charges | 65 | €4k |
| Result before taxes | 9903 | €84k |
| Income taxes | 67/77 | €19k |
| Net result for the period | 9904 | €65k |
| Result to be appropriated | 9905 | €65k |
| NACE primary | Terugwinning van materialen uit afval(38210) |
| Legal form | Private limited company(610) |
| Incorporation | 29-01-2021 |
| Status | Active |
| Postal code | 9860 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44040C0145/00Y002 | Flanders | 1,585 m² | 1 · 507 m² | 11.4 m · 1 fl. |
| 44046A0391/00H002 | Flanders | 870 m² | 1 · 12 m² | - |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
24-10-2025 Registered office moved from Merelbeke-Melle to Oosterzele
- Gemeenteplein 13, 9090 Merelbeke-Melle → Moortselestraat 26, 9860 Oosterzele
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "statutaire",
"new_address": {
"city": "Oosterzele",
"region": null,
"street": "Moortselestraat",
"country": "BE",
"postcode": "9860",
"box_number": null,
"street_number": "26"
},
"old_address": {
"city": "Merelbeke-Melle",
"region": null,
"street": "Gemeenteplein",
"country": "BE",
"postcode": "9090",
"box_number": "301",
"street_number": "13"
},
"effective_date": "2025-09-10",
"evidence_quote": "De bestuurders hebben op 10 september 2025 met eenparigheid van stemmen beslist de maatschappelijke zetel met ingang van die datum te verplaatsten naar: Moortselestraat 26 te 9860 Oosterzele"
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0762.683.086",
"name_full": "MADECO-RECYCLING",
"legal_form": "BV"
}
}16-02-2023 Registered office moved from Gent to Melle
- Singel 15, 9000 Gent → Gemeenteplein 13, 9090 Melle
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "statutaire",
"new_address": {
"city": "Melle",
"region": null,
"street": "Gemeenteplein",
"country": "BE",
"postcode": "9090",
"box_number": "0301",
"street_number": "13"
},
"old_address": {
"city": "Gent",
"region": null,
"street": "Singel",
"country": "BE",
"postcode": "9000",
"box_number": null,
"street_number": "15"
},
"effective_date": "2022-11-01",
"evidence_quote": "De bestuuders hebben op 26 oktober 2022 met eenparighied van stemmen beslist de maatschappelijke zetel met ingang van 1 november 2022 te verplaatsen naar: Gemeenteplein 13 bus 0301 te 9090 Melle."
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0762.683.086",
"name_full": "MADECO-RECYCLING",
"legal_form": "BV"
}
}02-02-2021 Incorporation of a new BV
Technical details
{
"kind": "oprichting",
"seat": "9000 Gent, Singel 15",
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"founders": [
{
"org": null,
"kind": "natural_person",
"person": {
"dob": "1994-10-24",
"name": "DE COCKER Maarten Dirk Isabel",
"niss": null,
"address": "9820 Merelbeke, Lembergsesteenweg 123"
},
"share_class": "Aandelen",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 5000,
"holder_person_name": "DE COCKER Maarten Dirk Isabel",
"is_subscriber_only": true,
"n_shares_subscribed": 100,
"amount_subscribed_eur": 5000,
"is_anonymous_silent_partner": false
}
],
"capital_eur": 5000,
"subject_company": {
"kbo": "0762.683.086",
"name_full": "Madeco-Recycling",
"legal_form": "BV"
},
"initial_directors": [],
"incorporation_date": "2021-01-28",
"post_incorporation_mandates": []
}| Legal nameNL | Madeco-Recycling |