RECYC-OIL

Active

Public limited companyfounded 1983active for 43 yearsMolenstraat 209, 8710 Wielsbeke, BelgiumKBO/BCE: BE 0424.409.543

Summary

RECYC-OIL has been active since 1983 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.8m and a net result of €1.5m. Equity is growing by about 3.6% per year across the filed financial years. Its solvency ranks better than 58% of 255 sector peers (NACE 38, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Risk analysisFollow Report Compare

RECYC-OILActiveChecked score 95/100

Risk analysis Report Compare

Activity

Materials recovery from waste

NACE 38210Waste collection, recovery and disposal activities NACE 38330

1 site

Size

€4.2mtotal assets 2025

Staff: 4.3 FTE
Equity: €1.8m
Profit: €1.5m

Turnover not published (abbreviated format)

Financial health

95 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: < 0.1%

Structure

Parent: COPROBEL · 100%

COPROBELManaging director
OILCOTRANSDirector

Accounts 51 days early1 of 4 deeds read

Why 95lowers riskSize: 4.3 FTE, total assets €4.2mFounded in 1983Liquidity: current ratio 1.43, cash €772,448Figures for financial year 2025 (filed 12-03-2026)Show the evidence

Checked score

Score 2025

95 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 61% of its sector peers (NACE 38, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Strong

Solvency 68+3

equity 42.6% of total assets

Liquidity 43+10

short-term debt 57.4% · cash 18.5%

Profitability 100=

return on assets 34.8%

Bankruptcy probability, 12 months

< 0.1% Very low

0%0.5%1.5%4%10%≥ 25%

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

Sector median 0.5% (516 companies, NACE 38, micro)

Last 24 months 11-2024: 0.3% 12-2024: 0.3%● unchanged vs 11-2024 01-2025: 0.4%▲ +0.1 percentage points vs 12-2024 02-2025: 0.4%● unchanged vs 01-2025 03-2025: 0.4%● unchanged vs 02-2025 04-2025: 0.5%▲ +0.1 percentage points vs 03-2025highest value 05-2025: 0.1%▼ -0.4 percentage points vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: < 0.1%▼ -0.1 percentage points vs 03-2026lowest value 05-2026: < 0.1%● unchanged vs 04-2026lowest value 06-2026: < 0.1%● unchanged vs 05-2026lowest value 07-2026: < 0.1%● unchanged vs 06-2026lowest value 08-2026: < 0.1%● unchanged vs 07-2026lowest value 09-2026: < 0.1%● unchanged vs 08-2026lowest value 10-2026: < 0.1%● unchanged vs 09-2026lowest value

Credit of up to €160,000 on 30-day terms is acceptable

Liquidity tight (current ratio 1.43, compared with 1.4 in 2024, below the usual 1.5; short-term debt: 57.4% and cash: 18.5% of total assets), and 57.4% of the assets are financed with debt and provisions.

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 38, micro): better than 56% on solvency, 41% on liquidity, 96% on profitability and 49% on growth.

The bankruptcy probability was computed on 23-10-2026 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

Five signals.

lowers riskneutral

Size: 4.3 FTE, total assets €4.2m

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Founded in 1983

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Liquidity: current ratio 1.43, cash €772,448

NBB · annual accounts

Figures for financial year 2025 (filed 12-03-2026)

NBB · annual accounts

Latest accounts filed on time

The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 10-03-2026, 51 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

51 days early

2024

30 days early

2023

4 days early

2022

10 days early

2021

54 days early

2020

39 days early

2019

35 days early

← 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 32 days before the deadline; the sector median (NACE 38) for financial year 2024 is 8 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 31 March (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

30-09-2026 year end24-10-2026 today30-04-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

10-03-2026 Annual accounts filedfinancial year 2025 · abbreviated…
31-03-2025 Annual accounts filedfinancial year 2024 · abbreviated…
26-04-2024 Annual accounts filedfinancial year 2023 · abbreviated…

Key points

Positive: Among the best 5% on net resultsector median €34,492 · 256 companies €1.5m View
Caution: Result fell in 2025from €3.1m to €1.5m ▼ 52.9% View
Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
Controlled by COPROBELultimately: KEVAREL 100% View
Positive: 7 profitable years in a rowprofit 2025: €1.5m 7 years View

By topic

Financials

Financial year: 2025
Total assets: €4.2m
Profit: €1.5m
Solvency: 42.6%

Total assets▼ 3.2%

Net result

20192025

Go to Financials

Board & ownership

Board: 2 members
Parent: COPROBEL · 100%

COPROBELManaging director
OILCOTRANSDirector

Go to Board & ownership

Network & group

Group: KEVAREL

Go to Network & group

Timeline

Events: 44
Since: 1985
Next accounts: by 30-04-2027

06-11-2023Reappointments: COPROBEL (director) and OILCOTRANS (director)
20-04-2023Annual accounts filed
30-09-2022Highest result from 2019 to 2025

Go to Timeline

Company details

Sites: 1

Legal form: Public limited company
Activity: Materials recovery from wasteNACE 38210
Founded: 19-07-1983
Year ends: 30-09
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 18

Annual meeting: Last Saturday of February at 13:00
Purpose: “Recycleren van alle industriële afvallen, grondstoffen en afgewerkte producten; Groot en…” (deed in Dutch)

Go to Articles of association

Key facts about RECYC-OIL

What is the company number of RECYC-OIL?: 0424.409.543. In Belgium the VAT number is the company number with BE in front: BE 0424.409.543.
Where is RECYC-OIL based?: The registered office is at Molenstraat 209, 8710 Wielsbeke.Company details
What does RECYC-OIL do?: According to the KBO register, the main activity is materials recovery from waste (NACE 38210).
What is the legal form of RECYC-OIL?: Public limited company (NV).
When was RECYC-OIL founded?: On 19-07-1983.
Is RECYC-OIL still active?: Yes, RECYC-OIL is an active enterprise in the KBO register.
How many employees does RECYC-OIL have?: On average 4.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of RECYC-OIL?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is RECYC-OIL profitable?: In financial year 2025, RECYC-OIL made a profit of €1.5m.
Where can I find the annual accounts of RECYC-OIL?: RECYC-OIL filed 42 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of RECYC-OIL due?: By 30-04-2027, for financial year 2026.Timeline