RECYCLO

Active

Coöperatieve vennootschap met beperkte aansprakelijkheidfounded 20188 yrs activeTerhulpsesteenweg 150, 1170 Watermaal-Bosvoorde, BelgiumKBO/BCE: BE 0695.898.289

RECYCLO has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-9k) and a net result of €111k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 17% of 173 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).

Watch Print / PDF

Checked score

Score 2025

59 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability100▲+100

Solvency20▲+20

Growth58▲+26

Track record100

Bankruptcy probability, 12 months

0.5% Low

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.55 against 0.39 in 2024; short-term debt: 104.8% and cash: 19.4% of total assets), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Nine signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

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 →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 173 sector peers (2025).

NBB · sector comparison

Position among 173 sector peers

Solvency

better than 17%

← weakest strongest →

Filed after the deadline

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. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 7 filings

Deviation from the deadline

2025

24 d late

2024

29 d late

2023

1 d early

2022

18 d late

2021

on the day

2020

27 d late

2019

66 d late

← before the deadline after the deadline →

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 months

Position in the running window

17-09-2026 today31-12-2026 close31-07-2027 deadline

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

Financials · fiscal year 2025, micro schema

Turnover

€5k

EBIT margin

-9.7%

Net result

€111k

2024 · €-36k

2019: €-521 2020: €-14k 2021: €-56k 2022: €-27k 2023: €-41k 2024: €-36k

2019 → 2025

Working capital

€-89k▲ 40.1%

2024 · €-149k

2019: €66k 2020: €66k 2021: €-19k 2022: €-48k 2023: €-77k 2024: €-149k

2019 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€12k-€11k▼ 9.8%€-48k€-102k▼ 112%€-9k▲ 91.1%

Operating result€-56k-€-27k▲ 50.8%€-59k▼ 115%€-53k▲ 9.5%€93k

Net result€-56k-€-27k▲ 50.9%€-41k▼ 50.0%€-36k▲ 13.0%€111k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2025: €93k after a loss of €53k in 2024, the highest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €190k

42.1%

57.9%

Fixed assets €80k▲ 70.3%

Current assets €110k▲ 14.5%

Key figures and ratios

2025 value · change against 2024

EBITDA

€108k▲

2024 · €-42k

Cash flow

€126k▲

2024 · €-25k

Solvency

-4.8%▲

2024 · -71.0%

Current ratio

0.55▲

2024 · 0.39

Quick ratio

0.55▲

2024 · 0.39

Debt / equity

-21.93▼

2024 · -2.41

ROA

58.1%▲

2024 · -25.0%

Interest coverage

1070.68▲

2024 · -77.88

Debt

€200k▼

2024 · €245k

Debt ≤ 1 year

€200k▼

2024 · €245k

Staff costs

€269k▲

2024 · €178k

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€143k€190k▲

Fixed assets21/28€47k€80k▲

Tangible fixed assets22/27€47k€80k▲

Plant, machinery and equipment23€14k€12k▼

Furniture and vehicles24€29k€65k▲

Other tangible fixed assets26€4k€3k▼

Current assets29/58€96k€110k▲

Amounts receivable within one year40/41€95k€70k▼

Trade receivables40€95k€70k▼

Other amounts receivable41€0€0=

Cash at bank and in hand54/58€2k€37k▲

Deferred charges and accrued income490/1-€4k

Equity and liabilities

Total equity and liabilities10/49€143k€190k▲

Equity10/15€-102k€-9k▲

Contributions10/11€19k€19k=

Profit (loss) carried forward14€-175k€-64k▲

Investment grants15€54k€36k▼

Amounts payable17/49€245k€200k▼

Amounts payable within one year42/48€245k€200k▼

Trade debts44€80k€24k▼

Suppliers440/4€80k€24k▼

Taxes, remuneration and social security45€41k€56k▲

Taxes450/3€11k€32k▲

Remuneration and social security454/9€30k€25k▼

Other amounts payable47/48€124k€120k▼

Income statement Code20242025

Remuneration, social security and pensions62€178k€269k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€15k▲

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€3k-

Other operating charges640/8€6k€856▼

Gross operating margin9900€144k€377k▲

Operating profit (loss)9901€-53k€93k▲

Financial income75/76B€18k€18k=

Recurring financial income75€18k€18k=

Financial charges65/66B€544€101▼

Recurring financial charges65€544€101▼

Profit (loss) for the period before taxes9903€-36k€111k▲

Profit (loss) for the period9904€-36k€111k▲

Profit (loss) for the period to be appropriated9905€-36k€111k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-175k€-64k▲

Profit (loss) brought forward from the previous period14P€-139k€-175k▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 9Financial 2Filings 7

Next filing, fiscal year 2026, expected by 31-07-2027

2026

24-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 24 days late

2025

31-12

Financial Back to profitnet €111k

Net result €111k after 6 loss-making years.

29-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 29 days late

2024

30-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

18-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 18 days late

2022

31-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

31-12

Financial Weakest financial yearnet €-56k

Net result drops to €-56k, the lowest in the series; recovery starts the following year.

27-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 27 days late

2020

05-10

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 66 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

3 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, Watermaal-Bosvoorde · 2 establishment units since 2018

establishment All 2 establishment units on the map

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.

Terhulpsesteenweg 1501170 Watermaal-Bosvoorde

Ground area

1.5 ha

Building footprint

1.2 ha

Volume, LiDAR

124,356 m³

3 parcels, Brussels · tallest building 36.1 m, ±7 floors. Linked by address, not a title deed.

2 establishment units

RECYCLO

Leuvensesteenweg 775, 1140 EvereWaste collection, recovery and disposal activities

since 20182.302.629.451

RECYCLO

Dieudonné Lefèvrestraat 4, 1020 BrusselWaste collection, recovery and disposal activities

since 20212.324.268.963

3 parcels

Brussels 3 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21815D0310/00F000 ProtectedMonumentVoormalige Etablissements ByrrhSource ↗	Brussels	6,263 m²	1 · 6,238 m²	19.7 m · 3 fl.
21652E0035/00R005	Brussels	4,415 m²	1 · 2,124 m²	36.1 m · 7 fl.
21372C0025/00E002	Brussels	4,116 m²	1 · 3,161 m²	12.4 m · 2 fl.