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RECYCLO

Active
Coöperatieve vennootschap met beperkte aansprakelijkheidfounded 2018active for 8 yearsTerhulpsesteenweg 150, 1170 Watermaal-Bosvoorde, BelgiumKBO/BCE: BE 0695.898.289
Summary

RECYCLO has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€9,100) and a net result of €110,768. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 17% of 206 sector peers (NACE 38, financial year 2025). The computed 12-month bankruptcy probability is 1.2% (low).

Overview

Official details

Source: KBO
Status
Active since 14-05-2018 Normal situation
Registered office
232 active companies are registered at this address 24 started in the 12 months before. Source: KBO register, as of 4 November 2026.
Activity
Waste collection, recovery and disposal activities NACE 38110and 1 other
Establishment units
2.302.629.451 1140 Evere, since 14-05-2018
2.324.268.963 1020 Brussel, since 21-10-2021
Financial year end
31 December
Peppol
Reachable since 22-01-2026

Board and ownership

Board
  • BAETEN EmmanuelDirector
  • BORIBON AlainDirector

Financial position

56 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
1.2%
Annual accounts 2025
Gross margin
€377,284
▲ 162%
Turnover
≈ €750,000
estimated
Profit
€110,768
Equity
-€9,100
▲ 91.1%
Total assets
€190,491
▲ 32.8%
Staff
≈ 4.2 FTE
estimated
  • Negative equity on 31-12-2025
  • 2025 accounts filed 24 days after the deadline
Score breakdownraises riskCapped at 59: negative equityNegative equity -€9,100Sector: Waste collection, recovery and disposal activities (NACE 38)Legal form: coöperatieve vennootschap met beperkte aansprakelijkheidlowers riskSize: total assets €190,491Show the evidence

Checked score

Score 2025
56 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 56% of micro companies in waste collection and treatment (NACE 38)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Average
Solvency 20+20
equity -4.8% of total assets
Liquidity 24+23
short-term debt 104.8% · cash 19.4%
Profitability 100+100
return on assets 58.1%
Bankruptcy probability within 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (520 companies, NACE 38, micro)
Last 24 months 12-2024: 3.7% 01-2025: 3.7%● unchanged vs 12-2024 02-2025: 3.7%● unchanged vs 01-2025 03-2025: 3.6%▼ -0.1 percentage points vs 02-2025 04-2025: 3.6%● unchanged vs 03-2025 05-2025: 3.4%▼ -0.2 percentage points vs 04-2025 06-2025: 3.3%▼ -0.1 percentage points vs 05-2025 07-2025: 3.5%▲ +0.2 percentage points vs 06-2025 08-2025: 4.7%▲ +1.2 percentage points vs 07-2025highest value 09-2025: 3.2%▼ -1.5 percentage points vs 08-2025 10-2025: 3.2%● unchanged vs 09-2025 11-2025: 3.2%● unchanged vs 10-2025 12-2025: 3.2%● unchanged vs 11-2025 01-2026: 3.2%● unchanged vs 12-2025 02-2026: 3.2%● unchanged vs 01-2026 03-2026: 3.1%▼ -0.1 percentage points vs 02-2026 04-2026: 3.1%● unchanged vs 03-2026 05-2026: 3.0%▼ -0.1 percentage points vs 04-2026 06-2026: 2.9%▼ -0.1 percentage points vs 05-2026 07-2026: 3.0%▲ +0.1 percentage points vs 06-2026 08-2026: 4.0%▲ +1.0 percentage point vs 07-2026 09-2026: 1.2%▼ -2.8 percentage points vs 08-2026 10-2026: 1.2%● unchanged vs 09-2026lowest value 11-2026: 1.2%● unchanged vs 10-2026lowest value
No credit on open account
Liquidity is insufficient, with a current ratio of 0.55 (0.39 in 2024), below 1. Short-term debt is 104.8% and cash 19.4% of total assets. Equity is negative.
Calculation

The band follows from the bankruptcy probability. 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 38, micro). It does better than 13% of them on solvency, 19% on liquidity, 96% on profitability and 94% on growth.

The bankruptcy probability was computed on 04-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises risk
raises risk · Negative equity -€9,100
NBB · annual accounts
lowers risk · Size: total assets €190,491
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Sector: Waste collection, recovery and disposal activities (NACE 38)
KBO
raises risk · Legal form: coöperatieve vennootschap met beperkte aansprakelijkheid
KBO
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 206 sector peers (2025).
NBB · sector comparison
Position among 206 sector peers
Solvency
better than 17%
← weakest strongest →
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 · 7 filings
Deviation from the deadline
2025
24 days late
2024
29 days late
2023
1 day early
2022
18 days late
2021
on the day
2020
27 days late
2019
66 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 23 days after the deadline. In the sector (NACE 38), the median for financial year 2024 was 8 days before the deadline, and 32% 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 18 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Risk: Negative equitydebts exceed assets in financial year 2025 -€9,100 View
  • Positive: Equity rose in 2025from -€101,829 to -€9,100 ▲ 91.1% View
  • Positive: Higher net result than 94% of companies in waste collection and treatmentsector median €5,697 · 205 companies €110,768 View

Recent changes

  1. · Gazette deed Registered office moved from Evere to Watermaal-BosvoordeNew seat: Chaussée de la Hulpe 150 à 1170 Watermael-Boitsfort · Previous seat: Chaussée de Louvain 775 à 1140 Evere
  2. · Gazette deed Incorporation
All 11 events

Comparable companies

These companies have the same main activity as RECYCLO: waste collection, recovery and disposal activities (NACE 38110). They are comparable in size and age: total assets between €133,000 and €288,000, founded between 2013 and 2021.

CompanyTotal assetsGross margin
RECYCLO Watermaal-Bosvoorde€190,491€377,284
AZ CONTAINERS BELGIUM Brussel€202,318€311,893
COLLETEX Antwerpen€267,690€330,630
Dr. Trottoir Gent€132,776€209,337
Heinsch Recycling Paliseul€135,548€475,307
RBS Container Verhuur Maldegem€146,227€170,990
TranscoRol Genk€288,445€144,970
Full comparison

Key facts about RECYCLO

What is the company number of RECYCLO?
The company number of RECYCLO is 0695.898.289. The VAT number is the same number with BE in front: BE 0695.898.289.
Where is RECYCLO based?
The registered office is at Terhulpsesteenweg 150, 1170 Watermaal-Bosvoorde.Company details
What does RECYCLO do?
According to the KBO register, the main activity is waste collection, recovery and disposal activities (NACE 38110).
What is the legal form of RECYCLO?
The legal form of RECYCLO is Coöperatieve vennootschap met beperkte aansprakelijkheid.
When was RECYCLO founded?
RECYCLO was founded on 14-05-2018.
Is RECYCLO still active?
Yes, RECYCLO is an active enterprise in the KBO register.
How many employees does RECYCLO have?
RECYCLO had an average of 13.9 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
What is the turnover of RECYCLO?
The turnover in financial year 2025 is ≈ €750,000. This figure is estimated from the gross margin of €377,284 and 882 comparable companies of the same size. It probably lies between €530,000 and €1.1m. It is a rough estimate. In financial year 2019 turnover was €5,000.
Is RECYCLO profitable?
In financial year 2025, RECYCLO made a profit of €110,768.
Where can I find the annual accounts of RECYCLO?
RECYCLO filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of RECYCLO due?
RECYCLO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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