RECY-GROUP
ActiveRECY-GROUP has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €387k and a net result of €44k. Equity is growing by ~13.7% per year across the filed fiscal years. Its solvency ranks better than 60% of 309 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
72
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▲+2
Solvency75▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity tight (current ratio 1.45 against 1.28 in 2024; short-term debt: 46.6% and cash: 6.8% of total assets), and 50.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
49.6%
Return on assets
5.7%
Age of the figures
15 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 18
Relative position
BE, all sectors
reference
Sector 18
lower
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 22-12-2025, 40 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
40 d early
2024
42 d early
2023
43 d early
2022
25 d early
2021
16 d late
2020
39 d early
2019
14 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close22-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€387k▲ 12.9%
2024 · €343k
2019: €162k
2020: €173k
2021: €214k
2022: €275k
2023: €312k
2024: €343k
2019 → 2025
Total assets
€780k▲ 7.9%
2024 · €723k
2019: €811k
2020: €750k
2021: €771k
2022: €769k
2023: €741k
2024: €723k
2019 → 2025
Net result
€44k▲ 45.6%
2024 · €30k
2019: €21k
2020: €11k
2021: €41k
2022: €61k
2023: €38k
2024: €30k
2019 → 2025
Working capital
€165k▲ 60.9%
2024 · €102k
2019: €-9k
2020: €38k
2021: €7k
2022: €36k
2023: €76k
2024: €102k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€214k-€275k▲ 28.4%€312k▲ 13.7%€343k▲ 9.8%€387k▲ 12.9%
Operating result€67k-€96k▲ 42.9%€69k▼ 27.7%€64k▼ 7.3%€88k▲ 37.8%
Net result€41k-€61k▲ 48.4%€38k▼ 38.3%€30k▼ 18.8%€44k▲ 45.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 38% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €780k
Fixed assets
€252k▲ 1.4%
Current assets
€528k▲ 11.3%
Equity and liabilities €780k
Equity
€387k▲ 12.9%
Debt
€393k▲ 3.4%
The debt ratio falls from 52.6% to 50.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€132k▲
2024 · €115k
Cash flow
€88k▲
2024 · €82k
Solvency
49.6%▲
2024 · 47.4%
Current ratio
1.45▲
2024 · 1.28
Quick ratio
0.34▼
2024 · 0.37
Debt / equity
1.01▼
2024 · 1.11
ROE
11.5%▲
2024 · 8.9%
ROA
5.7%▲
2024 · 4.2%
Interest coverage
6.68▲
2024 · 6.32
Debt
€393k▲
2024 · €380k
Debt ≤ 1 year
€363k▼
2024 · €372k
Debt > 1 year
€3k▼
2024 · €6k
Income taxes
€24k▲
2024 · €16k
Staff costs
€3▼
2024 · €51k
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€723k€780k▲
Fixed assets21/28€249k€252k▲
Tangible fixed assets22/27€249k€252k▲
Land and buildings22€198k€183k▼
Plant, machinery and equipment23€33k€61k▲
Furniture and vehicles24€18k€8k▼
Financial fixed assets28€0-
Current assets29/58€474k€528k▲
Stocks and contracts in progress3€338k€404k▲
Stocks30/36€338k€404k▲
Amounts receivable within one year40/41€82k€67k▼
Trade receivables40€76k€63k▼
Other amounts receivable41€7k€4k▼
Cash at bank and in hand54/58€50k€53k▲
Deferred charges and accrued income490/1€4k€4k▼
Equity and liabilities
Total equity and liabilities10/49€723k€780k▲
Equity10/15€343k€387k▲
Contributions10/11€25k€25k=
Reserves13€318k€362k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€19k€19k=
Distributable reserves133€299k€344k▲
Amounts payable17/49€380k€393k▲
Amounts payable after more than one year17€6k€3k▼
Financial debts170/4€6k€3k▼
Amounts payable within one year42/48€372k€363k▼
Current portion of amounts payable after more than one year42€38k€21k▼
Financial debts43€154k€150k▼
Credit institutions430/8€9k€0▼
Other loans439€145k€150k▲
Trade debts44€161k€163k▲
Suppliers440/4€161k€163k▲
Taxes, remuneration and social security45€7k€27k▲
Taxes450/3€2k€24k▲
Remuneration and social security454/9€5k€3k▼
Other amounts payable47/48€11k€2k▼
Accrued charges and deferred income492/3€2k€27k▲
Income statement
Code20242025
Remuneration, social security and pensions62€51k€3▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€51k€43k▼
Other operating charges640/8€5k€6k▲
Gross operating margin9900€171k€138k▼
Operating profit (loss)9901€64k€88k▲
Financial income75/76B€425€0▼
Recurring financial income75€0€0▼
Non-recurring financial income76B€425-
Financial charges65/66B€18k€20k▲
Recurring financial charges65€18k€20k▲
Profit (loss) for the period before taxes9903€46k€69k▲
Income taxes67/77€16k€24k▲
Profit (loss) for the period9904€30k€44k▲
Profit (loss) for the period to be appropriated9905€30k€44k▲
Appropriation of the result
Profit (loss) to be appropriated9906€30k€44k▲
Transfer to equity691/2€30k€44k▲
To other reserves6921€30k€44k▲
The notes to these accounts (9 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
31-07
State Gazette act
Registered officeBoard meeting · Registered-office move2 facts ▸
State Gazette act
Registered office
Board meeting · Registered-office move2 facts ▸
- Board meeting, 15/07/2026
- Registered-office move, Zavelstraat 19 9190 Stekene
2025
22-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
20-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
19-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
06-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Highest result since 2019net €61k ▲48.4%
Operating result €96k, net result €61k, both a record.
16-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 16 days late
2021
30-06
Financial
Equity above €200kEq €214k ▲23.7%
3 profitable years in a row build equity to €214k.
2020
23-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
30-06
Financial
Weakest financial yearnet €11k ▼47.3%
Net result drops to €11k, the lowest in the series; recovery starts the following year.
14-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 14 days late
2018
21-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
28-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 28 days late
2016
20-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB 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 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Stekene · 1 establishment unit since 2002
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.
Zavelstraat(STE) 199190 StekeneGround area
4,075 m²
Building footprint
1,408 m²
Volume, LiDAR
8,560 m³
2 parcels, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
RECY-MET en RECY-TOP
since 20022.115.425.884
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46024A1342/00A000 | Flanders | 3,718 m² | 1 · 1,328 m² | 7.8 m · 2 fl. |
| 46020B0020/00P002 | Flanders | 357 m² | 1 · 80 m² | 9.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 7 entries · 25,339 EUR awarded · 25,139 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 26 EUR | 26 EUR |
| 2024 | 3 | 6,809 EUR | 6,609 EUR |
| 2023 | 1 | 7,115 EUR | 7,115 EUR |
| 2022 | 1 | 11,389 EUR | 11,389 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Vlaams opleidingsverlof (VOV)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 2,855 companies in sector 18130 we hold annual accounts for 831. 549 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-08-2002
Fiscal year end30-06
Trade name NL
Recy-Met en Recy-Top
Activities, NACEBEL
18130Pre-press and pre-media services
51570
46442Wholesale trade
46872Wholesale trade
47783Retail trade
47784Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 22 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.