POUGIN RECYCLAGE
Bankruptcy closedSummary
POUGIN RECYCLAGE was declared bankrupt on 06-05-2025 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 11-08-2026, published in the Belgian State Gazette on 19-08-2026. The 2022 annual accounts show equity of €121,408 and a net result of €61,335.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
UBO non-compliance
History
Go further with this company
Still owed money by this company? Its procedure, who runs it and what to do now.Creditor guide Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Materials recovery from waste sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2022, micro schema
Equity
€121,408▲ 102%
2021 · €60,073
Total assets
€167,393▲ 8.1%
2021 · €154,819
Net result
€61,335▲ 16.7%
2021 · €52,573
Working capital
€37,079
2021 · -€15,891
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 38, Waste collection, recovery and disposal activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022
Operating result€53,578-€62,680▲ 17.0%
Net result€52,573above the sector's middle half-€61,335above the sector's middle half▲ 16.7%
Equity€60,073within the sector's middle half-€121,408within the sector's middle half▲ 102%
Total assets€154,819within the sector's middle half-€167,393within the sector's middle half▲ 8.1%
Debt€94,746-€45,985▼ 51.5%
Working capital-€15,891within the sector's middle half-€37,079within the sector's middle half
Solvency38.8%within the sector's middle half-72.5%above the sector's middle half▲ 33.7pp
Current ratio0.81within the sector's middle half-1.88within the sector's middle half▲ 1.06
Return on assets (ROA)34.0%above the sector's middle half-36.6%above the sector's middle half▲ 2.7pp
above
within
below
the middle half (P25 to P75) of NACE 38, Waste collection, recovery and disposal activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2022; 2022 is 17% above 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €167,393
Fixed assets
€87,957 ▲ 2.1%
Current assets
€79,436 ▲ 15.7%
Equity and liabilities €167,393
Equity
€121,408 ▲ 102%
Debt
€45,985 ▼ 51.5%
Debt's share of the balance-sheet total falls from 61.2% to 27.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€87,616▲
2021 · €73,400
Cash flow
€86,271▲
2021 · €72,395
Debt to equity
0.38▼
2021 · 1.58
ROE
50.5%▼
2021 · 87.5%
Interest coverage
65.16▼
2021 · 73.08
Debt ≤ 1 year
€42,358▼
2021 · €84,543
Debt > 1 year
€3,627▼
2021 · €10,203
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,822 | €24,936 | ▲ 25.8% |
| Gross operating margin9900 | €73,400 | €87,616 | ▲ 19.4% |
| Operating profit (loss)9901 | €53,578 | €62,680 | ▲ 17.0% |
| Financial income75/76B | €0 | - | - |
| Recurring financial income75 | €0 | - | - |
| Financial charges65/66B | €1,004 | €1,345 | ▲ 33.9% |
| Recurring financial charges65 | €1,004 | €1,345 | ▲ 33.9% |
| Profit (loss) for the period before taxes9903 | €52,573 | €61,335 | ▲ 16.7% |
| Profit (loss) for the period9904 | €52,573 | €61,335 | ▲ 16.7% |
| Profit (loss) for the period to be appropriated9905 | €52,573 | €61,335 | ▲ 16.7% |
| Line | 2021 | 2022 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €154,819 | €167,393 | ▲ 8.1% |
| Fixed assets21/28 | €86,166 | €87,957 | ▲ 2.1% |
| Tangible fixed assets22/27 | €86,166 | €87,957 | ▲ 2.1% |
| Land and buildings22 | - | €26,305 | - |
| Plant, machinery and equipment23 | €10,271 | €5,608 | ▼ 45.4% |
| Furniture and vehicles24 | €75,895 | €56,043 | ▼ 26.2% |
| Current assets29/58 | €68,653 | €79,436 | ▲ 15.7% |
| Amounts receivable within one year40/41 | €63,610 | €79,399 | ▲ 24.8% |
| Trade receivables40 | - | €166 | - |
| Other amounts receivable41 | €63,610 | €79,233 | ▲ 24.6% |
| Cash at bank and in hand54/58 | €5,005 | - | - |
| Deferred charges and accrued income490/1 | €38 | €38 | = |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €154,819 | €167,393 | ▲ 8.1% |
| Equity10/15 | €60,073 | €121,408 | ▲ 102% |
| Contributions10/11 | €7,500 | €7,500 | = |
| Outside capital11 | €7,500 | - | - |
| Other1109/19 | €7,500 | - | - |
| Profit (loss) carried forward14 | €52,573 | €113,908 | ▲ 117% |
| Amounts payable17/49 | €94,746 | €45,985 | ▼ 51.5% |
| Amounts payable after more than one year17 | €10,203 | €3,627 | ▼ 64.4% |
| Financial debts170/4 | €10,203 | €3,627 | ▼ 64.4% |
| Amounts payable within one year42/48 | €84,543 | €42,358 | ▼ 49.9% |
| Current portion of amounts payable after more than one year42 | €6,576 | €6,576 | = |
| Financial debts43 | €33,626 | €40 | ▼ 99.9% |
| Credit institutions430/8 | - | €40 | - |
| Other loans439 | €33,626 | - | - |
| Trade debts44 | €44,341 | €1,382 | ▼ 96.9% |
| Suppliers440/4 | €44,341 | €1,382 | ▼ 96.9% |
| Other amounts payable47/48 | - | €34,360 | - |
| Line | 2021 | 2022 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €52,573 | €61,335 | ▲ 16.7% |
| + Depreciation and write-downs630 | €19,822 | €24,936 | ▲ 25.8% |
| Operating cash flow (approximation) | €72,395 | €86,271 | ▲ 19.2% |
| Investment in fixed assets (approximation) | - | -€26,727 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
19-08
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · event 11-08-2026
2025
14-05
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 06-05-2025
2024
22-03
KBO administration
UBO non-compliance
event 11-03-2024
2023
10-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 102 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 1.88
Current ratio from 0.81 to 1.88; short-term debt falls from €84,543 to €42,358.
31-12
Financial
Equity above €100,000Eq €121,408 ▲102%
2 profitable years in a row build equity to €121,408.
04-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 65 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Bastogne · 1 establishment unit since 2021
Ground area
7,004 m²
Building footprint
2,538 m²
Volume, LiDAR
1,743 m³
2 parcels, Flanders, Wallonia · tallest building 9.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
POUGIN RECYCLAGE
since 20212.315.216.388
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23026A0132/00G006 | Flanders | 4,983 m² | 1 · 2,316 m² | - |
| 82034F1353/00H000 | Wallonia | 2,022 m² | 1 · 222 m² | 9.5 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ANIEK BERGMANS NINOOFSESTEENWEG 244,
1700 DILBEEK |
06-05-2025 → 11-08-2026 |
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Of 978 companies in sector 38210 we hold annual accounts for 587. 313 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded18-03-2021
Fiscal year end31-12
Activities, NACEBEL 2025
38210Materials recovery from waste
38110Waste collection, recovery and disposal activities
43120Site preparation
77320Rental and leasing activities
77399Renting and leasing of other machinery, equipment and tangible goods
Contact
Phone
+32492851212
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.