RECYBO

Active

Private limited companyfounded 20242 yrs activeCorbeillestraat 40, 2235 Hulshout, BelgiumKBO/BCE: BE 1011.208.370

Summary

The computed 12-month bankruptcy probability of RECYBO is 5.5% (elevated). The 2025 annual accounts show equity of €126,684 and a net result of €91,310. Its solvency ranks better than 19% of 248 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch Report Compare

RECYBOActiveChecked score 38/100

Risk analysis Report Compare

Activity

Materials recovery from waste

NACE 38210NACE 38213NACE 38321

1 site

Size

€1.4mtotal assets 2025

Staff: 3.1 FTE
Equity: €126,684
Profit: €91,310

Turnover not published (abridged schema)

Financial health

38 Weak Checked score 2025

Bankruptcy chance 12 m: 5.5%

Structure

Parent: Smet Aannemingen · 100%
Board: 1 member

Accounts 9 d early1 of 2 deeds read

Why 38- Founded in 2024- 1 change of registered office in 24 months+ No annual accounts with figuresShow the evidence

Checked score

Score 2025

38 / 100

Weak

Probability in this band: 4.2% to 15.0%

Better than 50% of its sector peers (all companies)

Performance against the sector, not lower risk

Every signal that weighs is under Signals.

Financial strength

Average

Solvency 34

equity 8.8% of total assets

Liquidity 51

short-term debt 55.8% · cash 23.8%

Profitability 77

return on assets 6.4%

Bankruptcy probability, 12 months

5.5% Elevated

0%0.5%1.5%4%10%≥ 25%

About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.7% (62 companies)

Last 24 months 08-2025: 1.8%lowest value 09-2025: 1.9%▲ +2.7% vs 08-2025 10-2025: 2.2%▲ +19.1% vs 09-2025 11-2025: 2.3%▲ +5.2% vs 10-2025 12-2025: 2.6%▲ +10.9% vs 11-2025 01-2026: 2.6%● 0.0% vs 12-2025 02-2026: 2.9%▲ +10.4% vs 01-2026 03-2026: 2.9%▲ +1.8% vs 02-2026 04-2026: 2.8%▼ -3.1% vs 03-2026 05-2026: 2.8%▲ +0.2% vs 04-2026 06-2026: 3.0%▲ +7.3% vs 05-2026 07-2026: 3.2%▲ +4.2% vs 06-2026 08-2026: 3.2%▲ +1.1% vs 07-2026 09-2026: 3.2%● 0.0% vs 08-2026 10-2026: 5.5%▲ +72.5% vs 09-2026highest value

Founded in 2024 raises the probability for this profile
1 change of registered office in 24 months raises the probability
No annual accounts with figures lowers the probability

Credit up to €4,500 at 30 days only on tighter terms

Liquidity tight (current ratio 1.01; short-term debt: 55.8% and cash: 23.8% of total assets), and 91.2% of the assets are financed with debt.

How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (all companies). Better than this share of them on solvency 19%, liquidity 62%, profitability 67%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

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Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Founded in 2024

In the bankruptcy model this factor raises the probability for this profile.

KBO

1 change of registered office in 24 months

In the bankruptcy model this factor raises the probability.

Belgian State Gazette

No annual accounts with figures

In the bankruptcy model this factor lowers the probability.

NBB · filings

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 248 sector peers (2025).

NBB · sector comparison

Position among 248 sector peers

Solvency

better than 19%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 22-01-2026, 9 days ahead of the deadline.

NBB · 1 filing

Deviation from the deadline

2025

9 d early

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

11-09-26 Appointments: Smart Recycling Partners BV, ReVi…Permanent representatives: Pieter Tops, Toon…
22-01-26 Annual accounts filedfiscal year 2025 · abbreviated…

Key points

Caution: Among the weakest 19% on solvencysector median 37.4% · 248 companies 8.8% View
New directorslatest change 28-08-2026 · 1 in office 3 joined View
Controlled by Smet Aannemingen 100% View