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PureCycle Belgium

Active
Private limited companyfounded 2023active for 3 yearsLouis Schmidtlaan 87, 1040 Etterbeek, Belgium187 active companies are registered at this addressKBO/BCE: BE 0798.383.442
Summary

PureCycle Belgium has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€5.8m) and a net result of -€3.7m. Equity is shrinking by about 125% per year across the filed financial years. Its solvency ranks better than 5% of 317 sector peers (NACE 20, financial year 2025). The computed 12-month bankruptcy probability is 0.9% (low).

Overview

Activity
Manufacture of chemicals and chemical products
NACE 20160
2nd largest company by total assets in Etterbeek, Manufacturing sector1 site
Size
€4.9mtotal assets 2025
Equity
-€5.8m
Loss
-€3.7m
Financial health
52 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
0.9%
Structure
Parent
PureCycle Technologies Inc.
Auditor: GRANT THORNTON BEDRIJFSREVISOREN - REVISEURS D'ENTREPRISESAccounts 56 days early3 of 4 deeds read
Why 52raises riskCapped at 59: negative equityLoss of €3.7m, the second in a row (financial year 2025)Negative equity -€5.8mLiquidity: current ratio 0.09, cash €202,754lowers riskSize: total assets €4.9mShow the evidence

Checked score

Score 2025
52 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 2% of its sector peers (NACE 20, small)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 0=
equity -117.2% of total assets
Liquidity 5-2
short-term debt 203.0% · cash 4.1%
Profitability 0=
return on assets -75.0%
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%

About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (147 companies, NACE 20, small)
Last 24 months 11-2024: 1.8% 12-2024: 1.8%● unchanged vs 11-2024 01-2025: 1.8%● unchanged vs 12-2024 02-2025: 1.8%● unchanged vs 01-2025 03-2025: 1.7%▼ -0.1 percentage points vs 02-2025 04-2025: 1.7%● unchanged vs 03-2025 05-2025: 1.8%▲ +0.1 percentage points vs 04-2025 06-2025: 1.7%▼ -0.1 percentage points vs 05-2025 07-2025: 2.0%▲ +0.3 percentage points vs 06-2025highest value 08-2025: 2.0%● unchanged vs 07-2025highest value 09-2025: 1.8%▼ -0.2 percentage points vs 08-2025 10-2025: 1.8%● unchanged vs 09-2025 11-2025: 1.7%▼ -0.1 percentage points vs 10-2025 12-2025: 1.7%● unchanged vs 11-2025 01-2026: 1.7%● unchanged vs 12-2025 02-2026: 1.7%● unchanged vs 01-2026 03-2026: 1.6%▼ -0.1 percentage points vs 02-2026 04-2026: 1.6%● unchanged vs 03-2026 05-2026: 1.7%▲ +0.1 percentage points vs 04-2026 06-2026: 1.7%● unchanged vs 05-2026 07-2026: 1.0%▼ -0.7 percentage points vs 06-2026 08-2026: 1.0%● unchanged vs 07-2026 09-2026: 1.0%● unchanged vs 08-2026 10-2026: 0.9%▼ -0.1 percentage points vs 09-2026lowest value
No credit on open account
Liquidity insufficient (current ratio 0.09, compared with 0.11 in 2024, below 1; short-term debt: 203% and cash: 4.1% of total assets), and equity is negative.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 20, small): better than 1% on solvency, 3% on liquidity, 3% on profitability and 1% on growth.

The bankruptcy probability was computed on 22-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €4.9m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Loss of €3.7m, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Negative equity -€5.8m
NBB · annual accounts
raises risk · Liquidity: current ratio 0.09, cash €202,754
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
232425
2023 to 2025 · latest year -€5.8m
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 05-06-2026, 56 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
56 days early
2024
57 days early
2023
54 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 56 days before the deadline; the sector median (NACE 20) for financial year 2024 is 22 days before the deadline, and 27% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 5 June (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
23-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2023.
KBO publications · our coverage
  1. Resignation: AELVOET, SAMAN & PARTNERS (statutory…Appointment: Grant Thornton Bedrijfsrevisoren BV…
  2. Annual accounts filedfinancial year 2025 · full…
  3. Capital & shares · MiscellaneousCapital increase

Key points

  • Risk: Negative equityfinancial year 2025: debts exceed assets -€5.8m View
  • Risk: 3 loss-making years in a rowloss financial year 2025 -€3.7m View
  • Caution: Result fell in 2025from -€1.5m to -€3.7m ▼ 147% View
  • Caution: Among the weakest 5% on solvencysector median 50.1% · 317 companies -117.2% View
  • Controlled by PureCycle Technologies Inc. parent View

By topic

Financials

Financial year
2025
Total assets
€4.9m
Loss
-€3.7m
Solvency
-117.2%
Total assets▲ 211%
Net result
20232025
Go to Financials

Board & ownership

Parent
PureCycle Technologies Inc.
Auditor
GRANT THORNTON BEDRIJFSREVISOREN -…
Go to Board & ownership

Timeline

Events
7
Since
2024
Next accounts
by 31-07-2027
  1. 31-12-2025Weakest financial year
  2. 04-06-2025Annual accounts filed
  3. 07-06-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Manufacture of chemicals and chemical productsNACE 20160
Founded
13-02-2023
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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