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RECYFUEL

Active
Public limited companyfounded 1997active for 29 yearsRue du Parc industriel 16, 4480 Engis, BelgiumKBO/BCE: BE 0459.735.458
Summary

RECYFUEL has been active since 1997 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €14.4m and a net result of €1.6m. Its solvency ranks better than 78% of 278 sector peers (NACE 38, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Activity
Waste collection, recovery and disposal activities
NACE 38330Materials recovery from waste NACE 38210
3rd largest company by equity in the province of Liège, Waste collection and treatment sector1 site
Size
€30.2mturnover 2025
Staff
49.6 FTE
Equity
€14.4m
Profit
€1.6m
Financial health
97 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
Parent
VEOLIA ENVIRONNEMENT
Board
4 members
Auditor: REWISE Office LiègeAccounts 22 days early2 of 25 deeds read
Why 97lowers riskLiquidity: current ratio 2.08, cash €5.3mFounded in 1997Equity €14.4m (65.5% of total assets)Size: turnover €30.2m, 49.6 FTE, total assets €22.0mShow the evidence

Checked score

Score 2025
97 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 79% of its sector peers (NACE 38, small)
Financial strength
Strong
Solvency 91
equity 65.5% of total assets
Liquidity 68
short-term debt 29.3% · cash 24.1%
Profitability 76
return on assets 7.3%
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 0.3% (200 companies, NACE 38, small)
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: < 0.1%● unchanged vs 05-2025 07-2025: 0.5%▲ +0.5 percentage points vs 06-2025 08-2025: 0.5%● unchanged vs 07-2025 09-2025: 0.5%● unchanged vs 08-2025 10-2025: 0.5%● unchanged vs 09-2025 11-2025: 0.5%● unchanged vs 10-2025 12-2025: 0.5%● unchanged vs 11-2025 01-2026: 0.5%● unchanged vs 12-2025 02-2026: 0.5%● unchanged vs 01-2026 03-2026: 0.5%● unchanged vs 02-2026 04-2026: 0.5%● unchanged vs 03-2026 05-2026: 0.5%● unchanged vs 04-2026 06-2026: 0.5%● unchanged vs 05-2026 07-2026: 0.5%● unchanged vs 06-2026highest value 08-2026: < 0.1%▼ -0.5 percentage points vs 07-2026lowest value 09-2026: < 0.1%● unchanged vs 08-2026lowest value 10-2026: < 0.1%● unchanged vs 09-2026lowest value
Credit of up to €1,350,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.08, above the usual 1.5; short-term debt: 29.3% and cash: 24.1% of total assets), and 34.5% 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 38, small): better than 79% on solvency, 87% on liquidity and 71% on profitability.

The bankruptcy probability was computed on 22-10-2026 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 riskneutral
lowers risk · Liquidity: current ratio 2.08, cash €5.3m
NBB · annual accounts
lowers risk · Founded in 1997
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Equity €14.4m (65.5% of total assets)
NBB · annual accounts
lowers risk · Size: turnover €30.2m, 49.6 FTE, total assets €22.0m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
22 days early
2024
43 days early
2023
7 days early
2022
34 days early
2021
40 days early
2020
36 days early
2019
29 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 30 days before the deadline; the sector median (NACE 38) for financial year 2024 is 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 27 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
23-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Capital & sharesAmendment of the articles ·…
  2. Annual accounts filedfinancial year 2025 · full…
  3. Annual accounts filedfinancial year 2024 · full…

Key points

  • Positive: 3rd largest company by equity in the province of Liège, Waste collection…in the Checked rankings No. 3 View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Controlled by VEOLIA ENVIRONNEMENTknown shareholders 100% parent View

By topic

Financials

Financial year
2025
Turnover
€30.2m
Profit
€1.6m
Solvency
65.5%
Turnover▲ 4.8%
Net result
20232025
Go to Financials

Board & ownership

Board
4 members
Parent
VEOLIA ENVIRONNEMENT
Known shareholders
100%
Auditor
REWISE Office Liège
  • Noémie ZeligzonDirector
  • Demisan SRLDirector
  • Jean-Benoît ColléeDirector
  • Jérôme EloyDirector
Go to Board & ownership

Timeline

Events
31
Since
1998
Next accounts
by 31-07-2027
  1. 05-08-2024Resignations: Sunnira Ly (director) and Eric Trodoux…
  2. 24-07-2024Annual accounts filed
  3. 27-06-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Waste collection, recovery and disposal activitiesNACE 38330
Founded
08-01-1997
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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