RECYC WEST
ActiveRECYC WEST has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.08M and a net result of €-65k. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 55% of 214 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
20
/ 100
Critical▼ -24 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-5
Solvency58▼-10
Growth52=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.69 against 0.97 in 2024), and 59.4% 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+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
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
40.6%
Return on assets
-0.9%
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 →
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 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
7 d early
2023
14 d late
2022
34 d early
2021
23 d early
2020
17 d early
2019
34 d late
← 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, abbreviated schema
Turnover
€34k
EBIT margin
9910.1%
Net result
€-65k
2024 · €34k
2018: €184k
2019: €86k
2020: €2.51M
2021: €-26k
2022: €-18k
2023: €-32k
2024: €34k
2018 → 2025
Working capital
€-1.15M▼ 1,038%
2024 · €-101k
2018: €362k
2019: €436k
2020: €384k
2021: €-35k
2022: €3.48M
2023: €2.09M
2024: €-101k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€3.16M-€3.15M▼ 0.6%€3.11M▼ 1.0%€3.15M▲ 1.1%€3.08M▼ 2.1%
Operating result€-26k-€-25k▲ 5.5%€-27k▼ 8.4%€-15k▲ 43.5%€-116k▼ 669%
Net result€-26k-€-18k▲ 33.1%€-32k▼ 79.9%€34k€-65k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €116k in 2025 against €15k in 2024; the loss grows and 2025 is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.59M
Fixed assets
€5.00M▲ 23.8%
Current assets
€2.59M▼ 17.1%
Equity and liabilities €7.59M
Equity
€3.08M▼ 2.1%
Provisions
€764k▼ 3.0%
Debt
€3.75M▲ 16.0%
The debt ratio rises from 45.1% to 49.3%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€12k▲
2024 · €732
Cash flow
€63k▲
2024 · €50k
Solvency
40.6%▼
2024 · 44.0%
Current ratio
0.69▼
2024 · 0.97
Quick ratio
0.69▼
2024 · 0.97
Debt / equity
1.21▲
2024 · 1.03
ROE
-2.1%▼
2024 · 1.1%
ROA
-0.9%▼
2024 · 0.5%
Interest coverage
1.10▲
2024 · 1.01
Debt
€3.75M▲
2024 · €3.23M
Debt ≤ 1 year
€3.75M▲
2024 · €3.23M
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€7.16M€7.59M▲
Fixed assets21/28€4.04M€5.00M▲
Tangible fixed assets22/27€4.04M€5.00M▲
Land and buildings22€337k€5.00M▲
Assets under construction and advance payments27€3.70M€0▼
Financial fixed assets28€3k€0▼
Current assets29/58€3.13M€2.59M▼
Amounts receivable after more than one year29€2.95M€2.12M▼
Other amounts receivable291€2.95M€2.12M▼
Amounts receivable within one year40/41€123k€418k▲
Trade receivables40€35k€0▼
Other amounts receivable41€88k€418k▲
Cash at bank and in hand54/58€49k€49k▼
Deferred charges and accrued income490/1€3k€5k▲
Equity and liabilities
Total equity and liabilities10/49€7.16M€7.59M▲
Equity10/15€3.15M€3.08M▼
Contributions10/11€566k€566k=
Reserves13€2.58M€2.52M▼
Tax-exempt reserves132€2.36M€2.29M▼
Distributable reserves133€219k€225k▲
Provisions and deferred taxes16€788k€764k▼
Deferred taxes168€788k€764k▼
Amounts payable17/49€3.23M€3.75M▲
Amounts payable within one year42/48€3.23M€3.75M▲
Trade debts44€1.08M€848k▼
Suppliers440/4€1.08M€848k▼
Taxes, remuneration and social security45€37k€20k▼
Taxes450/3€37k€20k▼
Other amounts payable47/48€2.11M€2.88M▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€128k▲
Other operating charges640/8€3k€7k▲
Gross operating margin9900€4k€19k▲
Operating profit (loss)9901€-15k€-116k▼
Financial income75/76B€50k€38k▼
Recurring financial income75€50k€38k▼
Financial charges65/66B€726€11k▲
Recurring financial charges65€726€11k▲
Profit (loss) for the period before taxes9903€34k€-89k▼
Transfer from deferred taxes780-€24k
Profit (loss) for the period9904€34k€-65k▼
Transfer from tax-exempt reserves789-€72k
Profit (loss) for the period to be appropriated9905€34k€6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€34k€6k▼
Transfer from equity791/2€0-
Transfer to equity691/2€34k€6k▼
To other reserves6921€34k€6k▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (19 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
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-65k ▼292%
Net result drops to €-65k, the lowest in the series.
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €34k
Net result €34k after 3 loss-making years.
14-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 14 days late
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity times 10current ratio 9.11
Current ratio from 0.94 to 9.11; short-term debt falls from €568k to €429k.
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €2.51M ▲2825%
Operating result €3.35M, net result €2.51M, both a record.
31-12
Financial
Equity above €2MEq €3.19M ▲197%
3 profitable years in a row build equity to €3.19M.
03-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 34 days late
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Oostende · 1 establishment unit since 1995
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.
Oudenburgsesteenweg 1068400 OostendeGround area
4.1 ha
Building footprint
3,356 m²
Volume, LiDAR
19,427 m³
Parcel 35026A0050/00S002, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
RECYC WEST
since 19952.072.559.804
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35026A0050/00S002 | Flanders | 4.1 ha | 1 · 3,356 m² | 7.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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PRV
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ORBIX REFRACTORIES
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Of 974 companies in sector 38210 we hold annual accounts for 582. 370 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-05-1995
Fiscal year end31-12
Activities, NACEBEL
37200
38210Materials recovery from waste
38323Waste collection, recovery and disposal activities
Sources
Crossroads Bank for EnterprisesNational Bank · 30 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.