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Generated 08-08-2026
Active BE 0452.584.974Public limited company

RECYCLING CVB

Henri Farmanstraat 36 ·9000 Gent, Belgium· 32 yrs active
Sector: Wholesale trade (46872)
Conclusion Checked

The computed 12-month bankruptcy probability of RECYCLING CVB is 0.3% (very low). The 2025 annual accounts show equity of €1.26M and a net result of €250k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 54% of 333 sector peers (fiscal year 2025). The company has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.
Key figures
Equity €1.26M
Net result €250k
Better than sector 54%
Active 32 yrs
Snowflake analysis 5 axes · computed by Checked
Health69Profitability99Solvency60Growth58Stability100
77 / 100

Exceptional profile, strong across almost every axis.

Health 69
Profitability 99
Solvency 60
Growth 58
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
0.3% Very low
0%0,5%1,5%4%10%≥25%
Long track record −Annual accounts: healthy financial profile −Lower-risk legal form −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
Long-established
Founded in 1994, 32 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2025 · computed
69 / 100 Healthy
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 28-07-2026 with the NBB · fiscal year 2025 · verkort
€-2.00M€-1.00M€0€1.00MOperating result 2020: €227k€227kNet result 2020: €792k€792kOperating result 2021: €205k€205kNet result 2021: €-1.26M€-1.26MOperating result 2022: €173k€173kNet result 2022: €-780k€-780kOperating result 2023: €221k€221kNet result 2023: €230k€230kOperating result 2025: €242k€242kNet result 2025: €250k€250k20202021202220232025
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
volatile Too volatile to project: the yearly deviation from the trend is ~49% of the level (threshold 35%). We therefore deliberately show no projection line.
€0€1.00M€2.00M2018: €1.30M2019: €2.06M2020: €2.28M2021: €1.02M2022: €240k2023: €470k2025: €1.26M2018201920202021202220232025
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2025 · NACE 46, Wholesale trade · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency 40.6% 35.1%
better than 54% of 333 sector peers
Net result €250k €42k
better than 82% of 333 sector peers
Equity €1.26M €278k
better than 81% of 333 sector peers
Gross operating margin €378k €239k
better than 63% of 332 sector peers
Total assets €3.11M €1.21M
better than 81% of 333 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€347k
+7.6% +131% vs sector
Net profit
€250k
+8.7% far above sector median
Cash flow
€355k
+7.1% +183% vs sector
Total assets
€3.11M
+52.6% +75% vs sector
Equity
€1.26M
+169.0% +89% vs sector
Working capital
€-254k
+72.9% far below sector median
Employees (FTE)
2
-16.7% -31% vs sector
Income taxes
€500
+56.1% -99% vs sector
Debt
€1.69M
+48.1% +44% vs sector
Debt ≤ 1y
€1.69M
+48.1% +75% vs sector
Debt > 1y
€979k
0.0% +93% vs sector
Current ratio
0.85
+372.4% -39% vs sector
Quick ratio
0.85
+372.4% -11% vs sector
Solvency
40.6%
+76.3% -1% vs sector
Debt / equity
1.34
-44.9% -3% vs sector
ROE
19.8%
-59.6% +164% vs sector
ROA
8.0%
-28.8% +276% vs sector
Interest coverage
232.22
+18.1% far above sector median
Figures by fiscal year
Fiscal year2025
Revenue-
EBITDA€347k
Net profit€250k
Cash flow€355k
Staff costs-
Income taxes€500
Dividends-
Total assets€3.11M
Equity€1.26M
Debt€1.69M
of which ≤ 1y€1.69M
of which > 1y-
Working capital€-254k
Employees (FTE)-
Ratios (computed)
2025
Current ratio0.85
Quick ratio0.85
Working capital ratio-8.2%
Solvency40.6%
Debt / equity1.34
Long-term debt ratio-
Interest coverage232.22
Gross margin-
Net margin-
ROA8.0%
ROE19.8%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet, Assets
TOTAL ASSETS 20/58€3.11M
Fixed assets 21/28€1.67M
Tangible fixed assets 22/27€1.67M
Financial fixed assets 28€510
Current assets 29/58€1.44M
Amounts receivable within one year 40/41€1.40M
Investments 50/53€2k
Cash & bank 54/58€33k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€3.11M
Equity 10/15€1.26M
Contributions / capital 10/11€62k
Reserves 13€463k
Accumulated profits (losses) 14€738k
Provisions & deferred taxes 16€152k
Amounts payable 17/49€1.69M
Amounts payable within one year 42/48€1.69M
Trade debts payable within one year 44€658k
Income statement
Gross operating margin 9900€378k
Operating result 9901€242k
Financial charges 65€1k
Result before taxes 9903€240k
Income taxes 67/77€500
Net result for the period 9904€250k
Result to be appropriated 9905€283k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary Wholesale trade(46872)
Legal form Public limited company(014)
Incorporation27-04-1994
StatusActive
Postal code9000
Establishment units 1 location
RECYCLING CVB
Henri Farmanstraat 36, 9000 Genthet sorteren en verwerken van pellets van kunststof voor de productie van secundaire grondstoffen voor buizen, bloempotten, laadborden, e.d.
since 19942.066.788.896
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44812P0662/00L005 Flanders 1.2 ha 1 · 2,157 m² 9.6 m · 3 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026
28-07-2026
NBB filing Annual accounts filed
fiscal year 2025 · verkort
2024
10-07-2024
NBB filing Annual accounts filed
fiscal year 2023 · verkort
2023
12-07-2023
NBB filing Annual accounts filed
fiscal year 2022 · verkort
24-03-2023
State Gazette act Director changes
2022
08-07-2022
NBB filing Annual accounts filed
fiscal year 2021 · verkort
2021
30-08-2021
NBB filing Annual accounts filed
fiscal year 2020 · verkort
2020
09-09-2020
NBB filing Annual accounts filed
fiscal year 2019 · verkort
2019
30-08-2019
NBB filing Annual accounts filed
fiscal year 2018 · verkort
2018
26-09-2018
NBB filing Annual accounts filed
fiscal year 2017 · verkort
2017
31-07-2017
NBB filing Annual accounts filed
fiscal year 2016 · verkort
2016
30-06-2016
NBB filing Annual accounts filed
fiscal year 2015 · volledig
Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 3 years ago
2023
24-03-2023 4 reappointed Director changes
  • Linda Van Berkel, Bestuurder
  • Cornelis Van Berkel, Bestuurder
  • Linda Van Berkel, Gedelegeerd bestuurder
  • Cornelis Van Berkel, Gedelegeerd bestuurder
Technical details 
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      "role": "bestuurder",
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      "effective_date": "2022-05-19",
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  "act_meta": {
    "language": "nl",
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    "filing_date": "2023-03-15",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
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      "unanimous": true
    },
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  "is_correction": false,
  "subject_company": {
    "kbo": "0452.584.974",
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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Groothandel in ijzer- en staalschroot en in oude non-ferrometalen46772Groothandel in ijzer- en staalschroot en in oude non-ferrometalen46872Groothandel in afval en schroot51570
Primary activity highlighted.
Names & trade names
Legal nameNL RECYCLING CVB
Registered office
Henri Farmanstraat 36
9000 Gent, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative