Turnover
€2.2m ▲ 272%
Turnover rose in 2025 from €595,053 to €2.2m.
PSR
Lifetime
19 annual accounts with figures on one time axis, 24 filings since 2003peak €6.0m (2022)
€2.2m▲ 272%
lowest -€627,487 (2024)
€932,532▲ €1.6m
peak €34.1m (2023)
€33.6m▲ 0.5%
€108.1m▲ 161%
peak 20.4 FTE (2010)
3.5 FTEunchanged
Board6 names since 2015
4 directors and 3 others
Owners2 names in the annual accounts
consolidates
Documentsfilings and deeds
08-07-202623 days before the deadline
2025financial year
Turnover from €595,053 to €2.2mBack to profit: €932,5322 directors appointed, 3 reappointments 14-07Debts from €41.5m to €108.1mCash from €109,695 to €3.6m
Key points
from the 2025 annual accountsDebts
€108.1m 76% of the balance sheet
Financial debts 0%Suppliers 0%Taxes and wages 0%Other 99%
Of this, €107.6m falls due within a year.
Investments
€66,605 3.0 × depreciation
Green is investment, beige is depreciation. Machinery stands 66.3% higher than in 2024.
Staff
3.5 FTE from 20.4 in 2010
Between 2010 and 2025, 83% of the full-time equivalents disappeared.
Payment terms
42 days to suppliers
PSR pays its suppliers 2 days later than in 2024. Customers pay 634 days earlier.
At the same address
105 companies
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 3,986 companies had the same profile as PSR has now. Each dot stands for 10 companies, two years later.
96.4%
were still trading
2.4%
stopped another way
1.1%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,986 companies, not a prediction for PSR. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Board and ownership
Chair,
Managing director,
Director
Auditor,
- consolidatesannual accounts 2025
Shares in 18 companies, including and Properties I
Board & ownershipRecent changes
New managing director
appointed, resigned · Permanent representative: · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0476155776
2 directors appointed, 3 reappointments
Reappointments: , and · Permanent representative: · Appointments: (managing director) and (managing director) · General meeting of 26-06-2025 · Gazette deed
1 statutory auditor reappointed
(statutory auditor) · Permanent representatives: and · General meeting of 25-06-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| PSR Aalst | €2.2m | -43.5% | 23.6% | 3.5 |
| Mineralz ES Treatment Lommel | €6.0m | 45.6% | 30.1% | 7.3 |
| RENEWI VALORISATION & QUARRY Lommel | €3.7m | -41.1% | 47.8% | 22 |
| HERTSENS INVEST Beveren-Kruibeke-Zwijndrecht | - | - | 37.7% | 3 |
| JPW INVEST Herselt | €1.5m | - | 54.9% | 0 |
| Indaver Municipal Services Mechelen | - | - | 76.8% | - |
| CENTRE DE TRI - TRIEERCENTRUM Woluwe-Saint-Pierre | €23.1m | 29.1% | 97.3% | 11.5 |
Grey: the largest companies of the sector (waste collection and treatment (NACE 38)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as PSR: waste collection, recovery and disposal activities (NACE 38330). They are comparable in size and age: total assets between €20m and €295m, founded between 1979 and 2001.
Official details
Source: KBO- Status
- Active since 23-11-2001Normal situation
- Registered office
- 106 active companies are registered at this address9 started in the 12 months before. Source: KBO register, as of 13 November 2026.
- Activity
- Waste collection, recovery and disposal activitiesNACE 38330and 1 other
- Establishment unit
- 2.095.468.6309308 Aalst, since 27-12-2001
- Financial year end
- 31 December
- Peppol
- Reachable since 29-12-2025
Annual accounts 2025
- €142.1m▲ 89.7%
- Employeeson 31-12-2025
- 3=
- Filing
- Filed on 08-07-2026, 23 days before the end of the filing period
Companies linked to PSR
Subsidiaries and holdings
- 100%
- 100%
- 100%
- 100%
- 100%
- 100%
- 99.99%
- 99.99%
Insights on PSR
PSR has existed since 2001. In 2014 turnover rose from €11,500 to €2.0m, while staff fell from 6.8 to 4 full-time equivalents.
Solvency fell in 2025 from 44.6% to 23.6%.
In March 2026, the Official Gazette published the appointment of as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about PSR
- What is the company number of PSR?
- The company number of PSR is 0476.155.776. The VAT number is the same number with BE in front: BE 0476.155.776.
- Where is PSR based?
- The registered office is at Tragel 60, 9308 Aalst.Company details
- What does PSR do?
- According to the KBO register, the main activity is waste collection, recovery and disposal activities (NACE 38330).
- What is the legal form of PSR?
- PSR is a public limited company (NV).
- When was PSR founded?
- PSR was founded on 23-11-2001.
- Is PSR still active?
- Yes, PSR is an active enterprise in the KBO register.
- How many employees does PSR have?
- PSR had an average of 3.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of PSR?
- The turnover of PSR was €2.2m in financial year 2025, according to the filed annual accounts.
- Is PSR profitable?
- In financial year 2025, PSR made a profit of €932,532.
- Where can I find the annual accounts of PSR?
- PSR filed 24 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of PSR due?
- PSR must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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