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RECYCLING

Active
Public limited companyfounded 2007active for 19 yearsVantegemstraat 19, 9230 Wetteren, Belgium12 active companies are registered at this addressKBO/BCE: BE 0887.579.890
Summary

RECYCLING has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.6m and a net result of €12,049. Equity remains stable across the filed financial years (±2% per year). Its solvency ranks better than 79% of 106 sector peers (NACE 39, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisFollow ReportCompare
RECYCLINGActiveChecked score 93/100
Risk analysis ReportCompare

Overview

Activity
Remediation activities and other waste management service activities
NACE 39000
5th largest company by equity in East Flanders, Remediation sector1 site
Size
€1.4mturnover 2025
Staff
0.7 FTE
Equity
€1.6m
Profit
€12,049
Financial health
93 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Structure
Parent
A-GROUP · 80%
Board
4 members
Auditor: Figurad Bedrijfsrevisoren bv2025 accounts filed 24 days late3 of 9 deeds summarised
Why 93lowers riskFounded in 2007Figures for financial year 2025 (filed 26-08-2026)Size: turnover €1.4m, 0.7 FTE, total assets €2.7mEquity €1.6m (58.8% of total assets)Show the evidence

Checked score

Score 2025
93 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 51% of its sector peers (NACE 39, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Average
Solvency 84-9
equity 58.8% of total assets
Liquidity 38-5
short-term debt 32.2% · cash 1.7%
Profitability 57-3
return on assets 0.5%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

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

Sector median 0.8% (92 companies, NACE 39, micro)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.2%▲ +0.1 percentage points vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.4%▲ +0.2 percentage points vs 07-2025 09-2025: 0.5%▲ +0.1 percentage points vs 08-2025 10-2025: 0.2%▼ -0.3 percentage points vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.3%▲ +0.1 percentage points vs 06-2026 08-2026: 0.6%▲ +0.3 percentage points vs 07-2026highest value 09-2026: 0.1%▼ -0.5 percentage points vs 08-2026lowest value 10-2026: 0.1%● unchanged vs 09-2026lowest value
Credit of up to €130,000 on 30-day terms is acceptable
Liquidity ample (current ratio 3.08, compared with 4.56 in 2024, above the usual 1.5; short-term debt: 32.2% and cash: 1.7% of total assets), and 41.2% 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 39, micro): better than 78% on solvency, 36% on liquidity, 32% on profitability and 60% on growth.

The bankruptcy probability was computed on 27-10-2026 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 riskraises risk
lowers risk · Founded in 2007
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Figures for financial year 2025 (filed 26-08-2026)
NBB · annual accounts
lowers risk · Size: turnover €1.4m, 0.7 FTE, total assets €2.7m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Equity €1.6m (58.8% of total assets)
NBB · annual accounts
raises risk · 2025 accounts filed 24 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
24 days late
2024
29 days late
2023
30 days late
2022
17 days early
2021
41 days early
2020
16 days early
2019
15 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 1 day before the deadline; the sector median (NACE 39) for financial year 2024 is 9 days before the deadline, and 34% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 24 August (4 of the last 5 filed years within 41 days of that day).
Companies Code · seven months
Where today falls in the filing period
28-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Reappointment: FIGURAD BEDRIJFSREVISOREN BV (statutory auditor)Permanent representative: Ann De Causmaecker
  2. Annual accounts filedfinancial year 2025 · full…
  3. Annual accounts filedfinancial year 2024 · full…

Key points

  • Positive: 5th largest company by equity in East Flanders, Remediation sectorin the Checked rankings No. 5 View
  • Positive: 8 profitable years in a rowprofit 2025: €12,049 8 years View
  • Controlled by A-GROUPultimately: A-GROUP INVEST 80% View

By topic

Financials

Financial year
2025
Turnover
€1.4m
Profit
€12,049
Solvency
58.8%
Turnover▲ 20.4%
Net result
20232025
Go to Financials

Board & ownership

Board
4 members
Parent
A-GROUP · 80%
Auditor
Figurad Bedrijfsrevisoren bv
  • GOVAERT Didier Jozef Jacqueline MarthaManaging director
  • GOVAERT, FilipDirector
  • GOVAERT, Ignace Herman LieveManaging director
  • GOVAERT, Kristof Clement RitaDirector
Go to Board & ownership

Timeline

Events
25
Since
2009
Next accounts
by 31-07-2027
  1. 30-08-2024Annual accounts filed
  2. 31-12-2023Weakest financial year
  3. 12-12-2023Permanent representative: DE CAUSMAECKER Ann
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Remediation activities and other waste management service activitiesNACE 39000
Founded
28-02-2007
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
13
Annual meeting
Third Friday of June at 18:00
Purpose
“Het uitvoeren van saneringswerken betreffende…” (deed in Dutch)
Go to Articles of association

Key facts about RECYCLING

What is the company number of RECYCLING?
0887.579.890. In Belgium the VAT number is the company number with BE in front: BE 0887.579.890.
Where is RECYCLING based?
The registered office is at Vantegemstraat 19, 9230 Wetteren.Company details
What does RECYCLING do?
According to the KBO register, the main activity is remediation activities and other waste management service activities (NACE 39000).
What is the legal form of RECYCLING?
Public limited company (NV).
When was RECYCLING founded?
On 28-02-2007.
Is RECYCLING still active?
Yes, RECYCLING is an active enterprise in the KBO register.
How many employees does RECYCLING have?
On average 0.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of RECYCLING?
€1.4m in financial year 2025, according to the filed annual accounts.
Is RECYCLING profitable?
In financial year 2025, RECYCLING made a profit of €12,049.
Where can I find the annual accounts of RECYCLING?
RECYCLING filed 18 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of RECYCLING due?
By 31-07-2027, for financial year 2026.Timeline

Companies related to RECYCLING

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How much credit can you give this customer, and on what payment terms?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check Which other companies belong to the same group?A-GROUP INVEST · 13 companies How does this company compare with its sector?Sector benchmark

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