MIREC Recycling
ActiveSummary
MIREC Recycling has been active since 1999 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.9m and a net result of €1.1m. Equity has been growing by about 19% per year since 2019. Its solvency ranks better than 80% of 280 sector peers (NACE 38, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Official details
Source: KBO- Status
- Active since 08-06-1999 Normal situation
- Activity
- Materials recovery from waste NACE 38210
- Joint committees
- 200 Aanvullend Paritair Comité voor de bedienden
- 142.04 Paritair Subcomité voor de terugwinning van allerlei producten · annual accounts 2025
- Establishment unit
- 2.093.461.324 9100 Sint-Niklaas, since 15-02-2000
- Financial year end
- 31 December
- Peppol
- Reachable since 01-10-2025
Board and ownership
- lbrahim BayramManaging director
- Sebastiaan T. MeijsManaging director
- Palmans ManuDirector · since 31-03-2020
- Mirec BV99%annual accounts 2025
- Rethmann Se & Co KGconsolidatesannual accounts 2025
- TSR Recycling Holding GmbH1%annual accounts 2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.4%
- Turnover
- €16.2m
- ▲ 20.9%
- Profit
- €1.1m
- ▲ 59.5%
- Equity
- €4.9m
- ▲ 28.3%
- Total assets
- €7.2m
- ▼ 8.6%
- Employees on 31-12-2025
- 22
- ▼ 4.3%
Score breakdownraises riskLiquidity: current ratio 1.47, cash €22,811, halved2 of the last 3 accounts latelowers riskFounded in 1999Equity €4.9m (68.2% of total assets)Show the evidence
Checked score
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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, small). It does better than 81% of them on solvency, 37% on liquidity, 76% on profitability and 83% 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
The company filed its last 7 accounts on average 90 days after 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)
Key points
Recent changes
- · Gazette deed Reappointment: PwC Bedrijfsrevisoren (statutory auditor)Permanent representative: Katrijn Verhaegen
- · Gazette deed Capital & shares
- · Gazette deed Resignations: Wout C Kusters (director) and Johannes F. Visser (director)Appointments: lbrahim Bayram (managing director) and Sebastiaan T. Meijs (managing director)
Comparable companies
These companies have the same main activity as MIREC Recycling: materials recovery from waste (NACE 38210). They are comparable in size and age: total assets between €6m and €14m, founded between 1983 and 2002.
| Company | Total assets | Turnover |
|---|---|---|
| MIREC Recycling Sint-Niklaas | €7.2m | €16.2m |
| ISOPROC Mechelen | €7.6m | €13.5m |
| MARTENS DEMOLITION COMPANY Genk | €10.2m | €15.5m |
| BRUSSELS RECYCLING METAL Brussel | €11.8m | €19.4m |
| BELREY FIBRES Mouscron | €7.2m | €15.5m |
| MATCO PLASTICS Wielsbeke | €13.6m | €20.6m |
| Oud Papier Jozef Michel Kalmthout | €6.0m | €16.8m |
Key facts about MIREC Recycling
- What is the company number of MIREC Recycling?
- The company number of MIREC Recycling is 0466.198.430. The VAT number is the same number with BE in front: BE 0466.198.430.
- Where is MIREC Recycling based?
- The registered office is at Europark-Noord 32, 9100 Sint-Niklaas.Company details
- What does MIREC Recycling do?
- According to the KBO register, the main activity is materials recovery from waste (NACE 38210).
- What is the legal form of MIREC Recycling?
- The legal form of MIREC Recycling is Public limited company (NV).
- When was MIREC Recycling founded?
- MIREC Recycling was founded on 08-06-1999.
- Is MIREC Recycling still active?
- Yes, MIREC Recycling is an active enterprise in the KBO register.
- How many employees does MIREC Recycling have?
- MIREC Recycling had an average of 21.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does MIREC Recycling fall under?
- In its 2025 annual accounts, MIREC Recycling states joint committees 200 (Aanvullend Paritair Comité voor de bedienden) and 142.04 (Paritair Subcomité voor de terugwinning van allerlei producten).
- What is the turnover of MIREC Recycling?
- The turnover of MIREC Recycling was €16.2m in financial year 2025, according to the filed annual accounts.
- Is MIREC Recycling profitable?
- In financial year 2025, MIREC Recycling made a profit of €1.1m.
- Where can I find the annual accounts of MIREC Recycling?
- MIREC Recycling filed 26 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MIREC Recycling due?
- MIREC Recycling must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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