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Recylink Solutions

Active
Private limited companyfounded 2025active for 1 yearKersbeeklaan 308, 1180 Ukkel, BelgiumKBO/BCE: BE 1019.603.622

Financials · financial year 2025, micro format

2025 annual accounts filed 31 days after the deadline Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00507869.

Annual accounts 2025 filed on 31-08-2026 at the NBB

Turnover
≈ €8,500
Estimated: probably between €3,900 and €21,000
Total assets
€57,027
Net result
€894
Working capital
€1,894

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Equity and liabilities €57,027
Equity €1,894
Debt €55,133
Debt's share of the balance-sheet total is 96.7%.
Key figures and ratios
2025 value
Current ratio
1.03
Debt to equity
29.11
ROE
47.2%
ROA
1.6%
Debt ≤ 1 year
€55,133
Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 22 lines
Balance sheet Code2025
Assets
Total assets20/58€57,027
Current assets29/58€57,027
Amounts receivable within one year40/41€17,351
Trade receivables40€17,189
Other amounts receivable41€162
Cash at bank and in hand54/58€39,676
Equity and liabilities
Total equity and liabilities10/49€57,027
Equity10/15€1,894
Contributions10/11€1,000
Profit (loss) carried forward14€894
Amounts payable17/49€55,133
Amounts payable within one year42/48€55,133
Trade debts44€55,133
Suppliers440/4€55,133
Income statement Code2025
Gross operating margin9900€1,118
Operating profit (loss)9901€1,118
Financial charges65/66B€224
Recurring financial charges65€224
Profit (loss) for the period before taxes9903€894
Profit (loss) for the period9904€894
Profit (loss) for the period to be appropriated9905€894
Appropriation of the result
Profit (loss) to be appropriated9906€894

The notes to these accounts have 1 item. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 31-08-2026.

Line2025
Gross operating margin9900€1,118
Operating profit (loss)9901€1,118
Financial charges65/66B€224
Recurring financial charges65€224
Profit (loss) for the period before taxes9903€894
Profit (loss) for the period9904€894
Profit (loss) for the period to be appropriated9905€894
Line2025
Assets
Total assets20/58€57,027
Current assets29/58€57,027
Amounts receivable within one year40/41€17,351
Trade receivables40€17,189
Other amounts receivable41€162
Cash at bank and in hand54/58€39,676
Equity and liabilities
Total equity and liabilities10/49€57,027
Equity10/15€1,894
Contributions10/11€1,000
Profit (loss) carried forward14€894
Amounts payable17/49€55,133
Amounts payable within one year42/48€55,133
Trade debts44€55,133
Suppliers440/4€55,133
Line2025
Profit (loss) for the period9904€894
Operating cash flow (approximation)€894

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Historical observation

In July 2024, 514 companies had the same profile as Recylink Solutions has now. Two years later, 96.9% were still going and 1.8% had gone bankrupt.

  • Micro
  • under 2 years old
  • solvency under 10%
  • a profit under 5% of the balance sheet
96.9% was still going
1.2% stopped otherwise
1.8% went bankrupt

Another 0.2% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of Recylink Solutions itself: 1.7% within 12 months.

Test of the method

The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 514 companies, not a prediction for Recylink Solutions. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Filings with the National Bank (1)
Financial year Type Filed Reference Document
31-12-2025 micro format 31-08-2026 2026-00507869 PDF

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