NV RECYCLING
ActiveNV RECYCLING has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €61k and a net result of €3k. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 18% of 217 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
53
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability41▼-11
Solvency30=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity tight (current ratio 1.32 against 1.05 in 2024; short-term debt: 75.7% and cash: 74.2% of total assets), and 94.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
5.1%
Return on assets
0.3%
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 →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 217 sector peers (2025).
NBB · sector comparisonPosition among 217 sector peers
Solvency
better than 18%
← weakest
strongest →
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 16-07-2026, 15 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
15 d early
2024
60 d late
2023
29 d early
2022
21 d early
2021
11 d late
2020
17 d early
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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€3k▼ 95.8%
2024 · €76k
2018: €273k
2019: €-5k
2020: €2k
2021: €-1
2022: €5k
2023: €191k
2024: €76k
2018 → 2025
Working capital
€284k▲ 394%
2024 · €57k
2018: €-145k
2019: €-60k
2020: €-20k
2021: €106k
2022: €185k
2023: €211k
2024: €57k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€222k-€226k▲ 2.0%€228k▲ 0.6%€57k▼ 74.8%€61k▲ 5.6%
Operating result€9k-€37k▲ 327%€227k▲ 509%€123k▼ 46.0%€13k▼ 89.1%
Net result€-1-€5k€191k▲ 4,125%€76k▼ 60.5%€3k▼ 95.8%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 89% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.18M
Fixed assets
€1k▼ 81.9%
Current assets
€1.17M▲ 2.1%
Equity and liabilities €1.18M
Equity
€61k▲ 5.6%
Debt
€1.12M▲ 1.3%
The debt ratio falls from 95.1% to 94.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€20k▼
2024 · €137k
Cash flow
€10k▼
2024 · €90k
Solvency
5.1%▲
2024 · 4.9%
Current ratio
1.32▲
2024 · 1.05
Quick ratio
1.32▲
2024 · 1.05
Debt / equity
18.44▼
2024 · 19.22
ROE
5.3%▼
2024 · 131.9%
ROA
0.3%▼
2024 · 6.5%
Interest coverage
2.59▼
2024 · 3.06
Debt
€1.12M▲
2024 · €1.10M
Debt ≤ 1 year
€891k▼
2024 · €1.09M
Income taxes
€2k▲
2024 · €2k
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€1.16M€1.18M▲
Fixed assets21/28€8k€1k▼
Tangible fixed assets22/27€8k€1k▼
Furniture and vehicles24€6k€71▼
Other tangible fixed assets26€2k€1k▼
Current assets29/58€1.15M€1.17M▲
Amounts receivable within one year40/41€54k€15k▼
Trade receivables40€23k€14k▼
Other amounts receivable41€30k€953▼
Cash at bank and in hand54/58€1.09M€872k▼
Deferred charges and accrued income490/1€5k€287k▲
Equity and liabilities
Total equity and liabilities10/49€1.16M€1.18M▲
Equity10/15€57k€61k▲
Contributions10/11€50k€50k=
Reserves13€7k€11k▲
Distributable reserves133€7k€11k▲
Amounts payable17/49€1.10M€1.12M▲
Amounts payable within one year42/48€1.09M€891k▼
Trade debts44€275k€113k▼
Suppliers440/4€275k€113k▼
Taxes, remuneration and social security45€13k€5k▼
Taxes450/3€13k€5k▼
Other amounts payable47/48€805k€773k▼
Accrued charges and deferred income492/3€8k€225k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€7k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€7k-
Other operating charges640/8€1k-
Gross operating margin9900€146k€20k▼
Operating profit (loss)9901€123k€13k▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€45k€8k▼
Recurring financial charges65€45k€8k▼
Profit (loss) for the period before taxes9903€78k€6k▼
Income taxes67/77€2k€2k▲
Profit (loss) for the period9904€76k€3k▼
Profit (loss) for the period to be appropriated9905€76k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€246k€3k▼
Profit (loss) brought forward from the previous period14P€170k-
Transfer to equity691/2-€3k
To other reserves6921-€3k
Profit to be distributed694/7€246k-
Return on contributions (dividend)694€171k-
Directors or managers695€75k-
The notes to these accounts (8 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
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 60 days late
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 11 days late
2021
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 31 days late
2019
31-12
Financial
Weakest financial yearnet €-5k ▼102%
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
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, Plombières · 1 establishment unit since 2018
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.
Völkerich 204851 PlombièresGround area
998 m²
Building footprint
142 m²
Volume, LiDAR
1,371 m³
Parcel 63028A0935/00K002, Wallonia · tallest building 12.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
NV RECYCLING
since 20182.273.651.096
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63028A0935/00K002 | Wallonia | 998 m² | 1 · 142 m² | 12.0 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 977 companies in sector 38210 we hold annual accounts for 585. 238 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-03-2018
Fiscal year end31-12
Activities, NACEBEL
38210Materials recovery from waste
38329Waste collection, recovery and disposal activities
46872Wholesale trade
47793Retail sale of other second-hand goods, excluding clothing
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.