Recyc-Mattress Belgium
ActiveRecyc-Mattress Belgium has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-1.57M) and a net result of €-337k. Equity is shrinking by ~17% per year across the filed fiscal years. Its solvency ranks better than 5% of 227 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
23
/ 100
Critical
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-6
Solvency0=
Growth55=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.3 against 0.29 in 2024; short-term debt: 126.3% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Ten signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-108.6%
Return on assets
-23.3%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 38
Relative position
BE, all sectors
reference
Sector 38
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-1.57M
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 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
28 d early
2023
19 d early
2022
7 d early
2021
25 d early
2020
30 d early
2019
1 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€1.76M▲ 10.7%
2024 · €1.59M
2018: €141k
2019: €222k
2020: €213k
2021: €392k
2022: €585k
2023: €1.01M
2024: €1.59M
2018 → 2025
EBIT margin
-14.7%▼ 4.8pp
2024 · -10.0%
2018: -106.7%
2019: -54.6%
2020: -57.9%
2021: 3.2%
2022: -52.1%
2023: -24.7%
2024: -10.0%
2018 → 2025
Net result
€-337k▼ 30.9%
2024 · €-257k
2018: €-154k
2019: €-126k
2020: €-127k
2021: €6k
2022: €-336k
2023: €42k
2024: €-257k
2018 → 2025
Working capital
€-1.28M▼ 24.8%
2024 · €-1.03M
2018: €-509k
2019: €-622k
2020: €-732k
2021: €-1.21M
2022: €-1.03M
2023: €-876k
2024: €-1.03M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€392k-€585k▲ 49.2%€1.01M▲ 72.0%€1.59M▲ 57.6%€1.76M▲ 10.7%
Equity€-680k-€-1.02M▼ 49.4%€-974k▲ 4.1%€-1.23M▼ 26.4%€-1.57M▼ 27.3%
Operating result€13k-€-305k€-249k▲ 18.4%€-158k▲ 36.5%€-258k▼ 63.5%
Net result€6k-€-336k€42k€-257k€-337k▼ 30.9%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €258k in 2025 against €158k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.44M
Fixed assets
€903k▼ 13.1%
Current assets
€541k▲ 28.3%
Key figures and ratios
EBITDA
€-123k▼
2024 · €-13k
Cash flow
€-201k▼
2024 · €-112k
Solvency
-108.6%▼
2024 · -84.3%
Current ratio
0.30▲
2024 · 0.29
Quick ratio
0.25▼
2024 · 0.25
Debt / equity
-1.92▲
2024 · -2.19
ROA
-23.3%▼
2024 · -17.6%
Interest coverage
-1.69▼
2024 · -0.14
Debt
€3.01M▲
2024 · €2.69M
Debt ≤ 1 year
€1.82M▲
2024 · €1.45M
Debt > 1 year
€1.13M▼
2024 · €1.20M
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€1.46M€1.44M▼
Fixed assets21/28€1.04M€903k▼
Tangible fixed assets22/27€1.04M€903k▼
Plant, machinery and equipment23€1.04M€900k▼
Assets under construction and advance payments27€3k€3k=
Current assets29/58€422k€541k▲
Stocks and contracts in progress3€54k€87k▲
Stocks30/36€54k€87k▲
Raw materials and consumables30/31€50k€51k▲
Finished goods33€5k€35k▲
Amounts receivable within one year40/41€367k€455k▲
Trade receivables40€301k€375k▲
Other amounts receivable41€67k€79k▲
Equity and liabilities
Total equity and liabilities10/49€1.46M€1.44M▼
Equity10/15€-1.23M€-1.57M▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€62€62=
Non-distributable reserves130/1€62€62=
Legal reserve130€62€62=
Profit (loss) carried forward14€-1.29M€-1.63M▼
Amounts payable17/49€2.69M€3.01M▲
Amounts payable after more than one year17€1.20M€1.13M▼
Financial debts170/4€1.20M€1.13M▼
Credit institutions173€498k€432k▼
Other loans174€700k€700k=
Amounts payable within one year42/48€1.45M€1.82M▲
Current portion of amounts payable after more than one year42€64k€67k▲
Financial debts43€1.19M€1.28M▲
Other loans439€1.19M€1.28M▲
Trade debts44€193k€475k▲
Suppliers440/4€193k€475k▲
Accrued charges and deferred income492/3€44k€57k▲
Income statement
Code20242025
Operating income70/76A€1.59M€1.79M▲
Turnover70€1.59M€1.76M▲
Change in stocks of work in progress, finished goods and contracts in progress71€2k€31k▲
Operating charges60/66A€1.75M€2.05M▲
Goods for resale, raw materials and consumables60€385k€449k▲
Purchases600/8€399k€450k▲
Change in stocks: decrease (increase)609€-14k€-1k▲
Services and other goods61€1.21M€1.46M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€145k€136k▼
Other operating charges640/8€3k€968▼
Operating profit (loss)9901€-158k€-258k▼
Financial income75/76B-€0
Recurring financial income75-€0
Other financial income752/9-€0
Financial charges65/66B€99k€78k▼
Recurring financial charges65€99k€78k▼
Debt charges650€94k€72k▼
Other financial charges652/9€5k€6k▲
Profit (loss) for the period before taxes9903€-257k€-337k▼
Profit (loss) for the period9904€-257k€-337k▼
Profit (loss) for the period to be appropriated9905€-257k€-337k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-1.29M€-1.63M▼
Profit (loss) brought forward from the previous period14P€-1.04M€-1.29M▼
The notes to these accounts (31 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
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €-337k
Net result drops to €-337k, the lowest in the series.
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €42k
Net result €42k after one loss-making year.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €6k
Net result €6k after 3 loss-making years.
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
07-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 7 days late
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2021
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
01-08-2021
Franck Berrebi: Resigned as Director
04-03-2015
Jean-Marie ALDENHOFF: Resigned as Director
04-03-2015
Mathieu BERTHOUD: Resigned as Director
Location & real-estate footprint
Registered office, Sint-Gillis (bij-Brussel) · 2 establishment units since 1997
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.
Poincarélaan 78-791060 Sint-Gillis (bij-Brussel)Ground area
1.0 ha
Building footprint
3,643 m²
Volume, LiDAR
35,066 m³
2 parcels, Brussels, Wallonia · tallest building 31.0 m, ±8 floors. Linked by address, not a title deed.
2 establishment units
Recyc-Mattress Belgium
since 19972.051.991.349
Recyc-Mattress Belgium
since 20252.391.580.134
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92313D0122/00D000 | Wallonia | 7,534 m² | 1 · 2,227 m² | - |
| 21562A0397/00M006 | Brussels | 2,910 m² | 1 · 1,416 m² | 31.0 m · 8 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.
Statutory auditor
2 auditors| Romuald Bilem Statutory auditor | - → 01-07-2022 |
Show 1 earlier auditors
| Vincent Etienne Statutory auditor | - → 25-06-2020 |
Structure & network
Connections & network
6 connected companiesNetwork connections
Shared address
→
Shared address
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Shared address
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Shared address
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Show 2 more network connections
Shared address
→
Shared address
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Ternat
We hold no filed accounts for this company, so a size comparison is not possible. These companies share only the sector and the region. Of 393 companies in sector 38110 we hold annual accounts for 202.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded14-02-1991
Fiscal year end31-12
Activities, NACEBEL
38110Waste collection, recovery and disposal activities
38210Materials recovery from waste
38321Waste collection, recovery and disposal activities
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:info.be@veolia.com
Phone:+3222097000