RECYBUILD SOLUTIONS
ActiveSummary
The annual accounts of RECYBUILD SOLUTIONS for fiscal year 2025 show a net loss of 61% of the equity at the start of that year. The 2025 annual accounts show equity of €99,482 and a net result of -€170,784. Equity is shrinking by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 13% of 158 sector peers (fiscal year 2025). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability37▲+23
Solvency31▼-8
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.18 against 0.21 in 2024; short-term debt: 83.6% and cash: 0.4% of total assets), and 94.4% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 22
Relative position
BE, all sectors
reference
Manufacture of rubber and plastic products (NACE 22)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€170,784
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 158 sector peers (2025).
NBB · sector comparisonPosition among 158 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
118 d late
2023
31 d late
2022
31 d late
2021
31 d late
2020
31 d late
2019
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 47 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 34% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 31 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€99,482▼ 64.7%
2024 · €281,565
Total assets
€1.8m▼ 10.9%
2024 · €2.0m
Net result
-€170,784▲ 10.8%
2024 · -€191,425
Working capital
-€1.2m▼ 14.0%
2024 · -€1.1m
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 22, Manufacture of rubber and plastic products, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€129,666▲ 19.0%-€8,990▲ 93.1%-€177,721▼ 1,877%-€178,024▼ 0.2%-€175,933▲ 1.2%
Net result-€145,805below the sector's middle half▲ 13.3%-€29,779below the sector's middle half▲ 79.6%€209,929above the sector's middle half-€191,425below the sector's middle half-€170,784below the sector's middle half▲ 10.8%
Equity€323,744above the sector's middle half▲ 178%€293,966above the sector's middle half▼ 9.2%€484,291above the sector's middle half▲ 64.7%€281,565above the sector's middle half▼ 41.9%€99,482below the sector's middle half▼ 64.7%
Total assets€1.9mabove the sector's middle half▲ 7.3%€2.1mabove the sector's middle half▲ 10.1%€2.3mabove the sector's middle half▲ 5.4%€2.0mabove the sector's middle half▼ 11.5%€1.8mwithin the sector's middle half▼ 10.9%
Debt€1.6m▼ 4.5%€1.8m▲ 14.0%€1.8m▼ 4.1%€1.7m▼ 3.2%€1.7m▼ 2.1%
Working capital-€693,817below the sector's middle half▲ 32.1%-€1.0mbelow the sector's middle half▼ 47.5%-€763,099below the sector's middle half▲ 25.4%-€1.1mbelow the sector's middle half▼ 40.4%-€1.2mbelow the sector's middle half▼ 14.0%
Solvency16.7%within the sector's middle half▲ 10.2pp13.8%within the sector's middle half▼ 2.9pp21.5%within the sector's middle half▲ 7.8pp14.1%within the sector's middle half▼ 7.4pp5.6%below the sector's middle half▼ 8.5pp
Current ratio0.31below the sector's middle half▲ 0.140.19below the sector's middle half▼ 0.120.29below the sector's middle half▲ 0.100.21below the sector's middle half▼ 0.090.18below the sector's middle half▼ 0.03
Return on assets (ROA)-7.5%below the sector's middle half▲ 1.8pp-1.4%below the sector's middle half▲ 6.1pp9.3%within the sector's middle half▲ 10.7pp-9.6%below the sector's middle half▼ 18.9pp-9.6%below the sector's middle half=
Staff (FTE)0.8▼ 20.0%11=
above
within
below
the middle half (P25 to P75) of NACE 22, Manufacture of rubber and plastic products, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €175,933 in 2025 against €178,024 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.8m
Fixed assets
€1.5m ▼ 11.8%
Current assets
€261,928 ▼ 5.6%
Equity and liabilities €1.8m
Equity
€99,482 ▼ 64.7%
Debt
€1.7m ▼ 2.1%
Debt's share of the balance-sheet total rises from 85.9% to 94.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€22,621▼
2024 · €25,525
Cash flow
€27,770▲
2024 · €12,124
Quick ratio
0.04▼
2024 · 0.08
Debt to equity
16.85▲
2024 · 6.08
ROE
-171.7%▼
2024 · -68.0%
Interest coverage
3.68▲
2024 · 0.88
Debt ≤ 1 year
€1.5m▲
2024 · €1.3m
Debt > 1 year
€191,667▼
2024 · €361,667
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 912 companies that looked in July 2024 the way this one looks now, 2.4% went bankrupt within 24 months and 95% are still going.
- Small
- 10 to 20 years old
- solvency under 10%
- a small loss
2.4%
went bankrupt
2.1%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 912 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €1,653 | - | - | - |
| Remuneration, social security and pensions62 | €27,146 | €28,327 | €51,383 | €4,984 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,853 | €10,504 | €198,290 | €203,549 | €198,554 | ▼ 2.5% |
| Other operating charges640/8 | €10,939 | €3,807 | €4,186 | €720 | €137 | ▼ 81.0% |
| Gross operating margin9900 | -€78,728 | €33,648 | €76,138 | €31,229 | €22,758 | ▼ 27.1% |
| Operating profit (loss)9901 | -€129,666 | -€8,990 | -€177,721 | -€178,024 | -€175,933 | ▲ 1.2% |
| Financial income75/76B | €79 | €0 | €407,572 | €15,502 | €11,300 | ▼ 27.1% |
| Recurring financial income75 | €79 | €0 | €19,604 | €12,010 | €11,300 | ▼ 5.9% |
| Non-recurring financial income76B | - | - | €387,968 | €3,492 | - | - |
| Financial charges65/66B | €16,218 | €20,788 | €19,923 | €28,903 | €6,151 | ▼ 78.7% |
| Recurring financial charges65 | €16,218 | €20,788 | €19,923 | €28,903 | €6,151 | ▼ 78.7% |
| Profit (loss) for the period before taxes9903 | -€145,805 | -€29,779 | €209,929 | -€191,425 | -€170,784 | ▲ 10.8% |
| Profit (loss) for the period9904 | -€145,805 | -€29,779 | €209,929 | -€191,425 | -€170,784 | ▲ 10.8% |
| Profit (loss) for the period to be appropriated9905 | -€145,805 | -€29,779 | €209,929 | -€191,425 | -€170,784 | ▲ 10.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.9m | €2.1m | €2.3m | €2.0m | €1.8m | ▼ 10.9% |
| Fixed assets21/28 | €1.6m | €1.9m | €1.9m | €1.7m | €1.5m | ▼ 11.8% |
| Intangible fixed assets21 | - | - | €44,274 | €16,274 | €7,382 | ▼ 54.6% |
| Tangible fixed assets22/27 | €1.6m | €1.9m | €1.9m | €1.7m | €1.5m | ▼ 11.3% |
| Plant, machinery and equipment23 | €31,092 | €1.8m | €1.8m | €1.7m | €1.5m | ▼ 11.5% |
| Furniture and vehicles24 | €6,208 | €5,083 | €38,850 | €37,132 | €35,760 | ▼ 3.7% |
| Leasing and similar rights25 | €2,646 | €655 | - | - | - | - |
| Other tangible fixed assets26 | €53,608 | €50,202 | - | - | - | - |
| Assets under construction and advance payments27 | €1.5m | €0 | - | - | - | - |
| Current assets29/58 | €311,879 | €246,114 | €318,673 | €277,571 | €261,928 | ▼ 5.6% |
| Stocks and contracts in progress3 | €193,301 | €113,093 | €205,450 | €174,574 | €200,589 | ▲ 14.9% |
| Stocks30/36 | €193,301 | €113,093 | €205,450 | €174,574 | €200,589 | ▲ 14.9% |
| Amounts receivable within one year40/41 | €15,683 | €111,017 | €77,659 | €55,729 | €51,170 | ▼ 8.2% |
| Trade receivables40 | €126 | €110,999 | €50,905 | €50,905 | €50,965 | ▲ 0.1% |
| Other amounts receivable41 | €15,557 | €18 | €26,755 | €4,824 | €205 | ▼ 95.7% |
| Cash at bank and in hand54/58 | €101,309 | €20,419 | €33,978 | €45,682 | €6,780 | ▼ 85.2% |
| Deferred charges and accrued income490/1 | €1,585 | €1,585 | €1,585 | €1,585 | €3,389 | ▲ 114% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.9m | €2.1m | €2.3m | €2.0m | €1.8m | ▼ 10.9% |
| Equity10/15 | €323,744 | €293,966 | €484,291 | €281,565 | €99,482 | ▼ 64.7% |
| Contributions10/11 | €765,000 | €765,000 | €765,000 | €765,000 | €765,000 | = |
| Capital10 | €765,000 | €765,000 | €765,000 | €765,000 | €765,000 | = |
| Issued capital100 | €765,000 | €765,000 | €765,000 | €765,000 | €765,000 | = |
| Profit (loss) carried forward14 | -€578,233 | -€608,012 | -€398,082 | -€589,508 | -€760,291 | ▼ 29.0% |
| Investment grants15 | €136,977 | €136,977 | €117,373 | €106,073 | €94,773 | ▼ 10.7% |
| Amounts payable17/49 | €1.6m | €1.8m | €1.8m | €1.7m | €1.7m | ▼ 2.1% |
| Amounts payable after more than one year17 | €610,895 | €573,333 | €685,000 | €361,667 | €191,667 | ▼ 47.0% |
| Financial debts170/4 | €610,895 | €573,333 | €685,000 | €361,667 | €191,667 | ▼ 47.0% |
| Amounts payable within one year42/48 | €1.0m | €1.3m | €1.1m | €1.3m | €1.5m | ▲ 10.0% |
| Current portion of amounts payable after more than one year42 | €138,667 | €152,645 | €14,569 | €135,532 | €100,000 | ▼ 26.2% |
| Financial debts43 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Credit institutions430/8 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Trade debts44 | €32,249 | €247,221 | €497,757 | €446,337 | €433,626 | ▼ 2.8% |
| Suppliers440/4 | €32,249 | €247,221 | €497,757 | €446,337 | €433,626 | ▼ 2.8% |
| Taxes, remuneration and social security45 | €1,065 | €26,539 | €9,589 | €6,870 | - | - |
| Taxes450/3 | - | €23,088 | €1,084 | €6,870 | - | - |
| Remuneration and social security454/9 | €1,065 | €3,451 | €8,505 | - | - | - |
| Other amounts payable47/48 | €733,715 | €742,823 | €459,856 | €660,515 | €850,515 | ▲ 28.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€145,805 | -€29,779 | €209,929 | -€191,425 | -€170,784 | ▲ 10.8% |
| + Depreciation and write-downs630 | €12,853 | €10,504 | €198,290 | €203,549 | €198,554 | ▼ 2.5% |
| Operating cash flow (approximation) | -€132,952 | -€19,274 | €408,219 | €12,124 | €27,770 | ▲ 129% |
| Investment in fixed assets (approximation) | - | -€272,461 | -€240,266 | €13,925 | €3,000 | ▼ 78.5% |
| Change in cash | - | -€80,890 | €13,558 | €11,704 | -€38,902 | ▼ 432% |
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
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
26-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 118 days late
2024
31-12
Financial
Weakest financial yearnet -€191,425
Net result drops to -€191,425, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Back to profitnet €209,929
Net result €209,929 after 5 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Equity above €200,000Eq €323,744 ▲178%
Equity rises from €116,549 to €323,744.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
11-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 72 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Beringen · 1 establishment unit since 2012
Ground area
1.6 ha
Building footprint
773 m²
Volume, LiDAR
4,840 m³
Parcel 71049A0925/00G000, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
RECYBUILD SOLUTIONS
since 20122.207.885.987
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71049A0925/00G000 | Flanders | 1.6 ha | 1 · 773 m² | 7.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 ownerOwners 1
-
10%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 629 companies in sector 22240 we hold annual accounts for 363. 257 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded15-02-2012
Fiscal year end31-12
Activities, NACEBEL 2025
22240Manufacture of rubber and plastic products
22260Manufacture of rubber and plastic products
28960Manufacture of machinery and equipment not elsewhere classified
28990Manufacture of machinery and equipment not elsewhere classified
33120Repair and maintenance of machinery
46869Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0843801911
Also
9925:BE0843801911
Registered
31-08-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.