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RECYCLING CVB

Active
Public limited companyfounded 199432 yrs activeHenri Farmanstraat 36, 9000 Gent, BelgiumKBO/BCE: BE 0452.584.974
Summary

RECYCLING CVB has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.3m and a net result of €250,120. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 47% of 9629 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).

Risk analysisWatch ReportCompare
RECYCLING CVBActiveChecked score 94/100
Risk analysis ReportCompare

Overview

Activity
Wholesale trade
NACE 46872NACE 46772NACE 51570
1 site
Size
€3.1mtotal assets 2025
Equity
€1.3m
Profit
€250,120
Turnover not published (abridged schema)
Financial health
94 Excellent Checked score 2025
Bankruptcy chance 12 m
< 0.1%
Structure
Accounts 3 d early0 of 4 deeds read
Why 94- Liquidity: current ratio 0.85, cash €32,820+ Size: total assets €3.1m+ Founded in 1994+ Figures for FY 2025 (filed 28-07-2026)Show the evidence

Checked score

Score 2025
94 / 100
Excellent
Probability in this band: under 0.55%
Better than 49% of its sector peers (NACE 46, small)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Average
Solvency 66+18
equity 40.6% of total assets
Liquidity 24=
short-term debt 54.5% · cash 1.1%
Profitability 79-4
return on assets 8.0%
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 0.2% (4,377 companies)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● 0.0% vs 11-2024 01-2025: 0.1%● 0.0% vs 12-2024 02-2025: 0.1%▲ +1.6% vs 01-2025 03-2025: 0.1%▲ +3.2% vs 02-2025 04-2025: 0.1%▲ +10.9% vs 03-2025 05-2025: 0.1%▲ +8.5% vs 04-2025 06-2025: 0.1%▲ +15.6% vs 05-2025 07-2025: 0.2%▲ +78.7% vs 06-2025 08-2025: 0.3%▲ +83.6% vs 07-2025 09-2025: 0.4%▲ +34.9% vs 08-2025 10-2025: 0.7%▲ +79.7% vs 09-2025 11-2025: 0.8%▲ +12.3% vs 10-2025 12-2025: 1.0%▲ +24.3% vs 11-2025 01-2026: 1.9%▲ +97.3% vs 12-2025 02-2026: 1.9%● 0.0% vs 01-2026 03-2026: 2.0%▲ +1.5% vs 02-2026highest value 04-2026: 1.8%▼ -10.0% vs 03-2026 05-2026: 1.8%● 0.0% vs 04-2026 06-2026: 1.8%● 0.0% vs 05-2026 07-2026: 1.8%● 0.0% vs 06-2026 08-2026: < 0.1%▼ -97.4% vs 07-2026lowest value 09-2026: < 0.1%● 0.0% vs 08-2026lowest value 10-2026: < 0.1%● 0.0% vs 09-2026lowest value
  • Size: total assets €3.1m lowers the probability for this profile
  • Founded in 1994 lowers the probability for this profile
  • Figures for FY 2025 (filed 28-07-2026) lowers the probability
  • Liquidity: current ratio 0.85, cash €32,820 raises the probability
Credit up to €110,000 at 30 days acceptable
Liquidity short (current ratio 0.85 against 0.18 in 2023; short-term debt: 54.5% and cash: 1.1% of total assets), and 59.4% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 46, small). Better than this share of them on solvency 47%, liquidity 21%, profitability 79%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 06-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Size: total assets €3.1m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
lowers risk · Founded in 1994
In the bankruptcy model this factor lowers the probability for this profile.
KBO
lowers risk · Figures for FY 2025 (filed 28-07-2026)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · Liquidity: current ratio 0.85, cash €32,820
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
18192021222325
2018 to 2025 · latest year €1.3m
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 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
3 d early
2023
21 d early
2022
19 d early
2021
23 d early
2020
30 d late
2019
40 d late
2018
30 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 5 days after the deadline; the sector median for financial year 2023 is 2 days before the deadline, and 40% 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 12 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
06-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · abbreviated…
  2. Equity above €1mEq €1.3m ▲169%
  3. Annual accounts filedfiscal year 2023 · abbreviated…

Key points

  • Positive: Among the best 14% on net resultsector median €27,332 · 9,607 companies €250,120 View
  • Positive: Always filed on timeaccounts within the deadline every year 4 years View
  • Active since 1994founded 27-04-1994 32 years View

By topic

Financials

Fiscal year
2025
Total assets
€3.1m
Profit
€250,120
Solvency
40.6%
Total assets▲ 52.6%
Net result
20182025
Go to Financials

Timeline

Events
15
Since
2016
Next accounts
by 31-07-2027
  1. 28-07-2026Annual accounts filed
  2. 31-12-2025Equity above €1m
  3. 10-07-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Wholesale tradeNACE 46872
Founded
27-04-1994
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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