RECYMEX
ActiveSummary
RECYMEX has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.5m and a net result of €220,268. Equity is growing by ~6.9% per year across the filed fiscal years. Its solvency ranks better than 47% of 275 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability72▼-7
Solvency64▲+2
Growth66▲+1
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €180,000 at 30 days acceptable
Liquidity ample (current ratio 3.03 against 3.62 in 2023; short-term debt: 19.6% and cash: 19.9% of total assets), but 61.1% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
38.9%
Return on assets
3.4%
Age of the figures
21 mo
raises risk · 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
Waste collection, recovery and disposal activities (NACE 38)
about 10% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 24-06-2026, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
37 d early
2024
28 d early
2023
44 d early
2022
34 d early
2021
38 d early
2020
27 d early
2019
69 d late
← 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 20 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · 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. Usually files around 24 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, full schema
Turnover
€5.5m▲ 10.8%
2023 · €5.0m
EBIT margin
4.4%▼ 4.5pp
2023 · 8.9%
Net result
€220,268▼ 33.7%
2023 · €332,413
Working capital
€2.6m▼ 11.9%
2023 · €3.0m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 38, Waste collection, recovery and disposal activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€3.6m▼ 8.4%€4.3m▲ 19.6%€3.9m▼ 8.4%€5.0m▲ 28.2%€5.5m▲ 10.8%
Operating result€142,966▼ 78.5%€169,878▲ 18.8%€54,921▼ 67.7%€442,395▲ 706%€243,221▼ 45.0%
Net result€166,864within the sector's middle half▼ 64.3%€114,322within the sector's middle half▼ 31.5%€54,115within the sector's middle half▼ 52.7%€332,413within the sector's middle half▲ 514%€220,268within the sector's middle half▼ 33.7%
EBIT margin4.0%▼ 13.1pp4.0%=1.4%▼ 2.6pp8.9%▲ 7.4pp4.4%▼ 4.5pp
Equity€1.9mwithin the sector's middle half▲ 9.2%€2.0mwithin the sector's middle half▲ 3.2%€2.0mwithin the sector's middle half▲ 2.2%€2.3mwithin the sector's middle half▲ 15.2%€2.5mwithin the sector's middle half▲ 8.6%
Total assets€4.3mwithin the sector's middle half▲ 8.9%€4.9mwithin the sector's middle half▲ 13.3%€5.4mwithin the sector's middle half▲ 10.5%€6.3mwithin the sector's middle half▲ 16.6%€6.5mwithin the sector's middle half▲ 3.6%
Debt€1.4m▼ 9.7%€1.0m▼ 25.2%€1.5m▲ 47.6%€1.5m▲ 3.3%€1.9m▲ 24.4%
Working capital€1.4mwithin the sector's middle half▲ 32.4%€2.4mwithin the sector's middle half▲ 74.8%€2.2mwithin the sector's middle half▼ 10.2%€3.0mabove the sector's middle half▲ 36.8%€2.6mwithin the sector's middle half▼ 11.9%
Solvency44.5%within the sector's middle half▲ 0.1pp40.6%within the sector's middle half▼ 4.0pp37.5%within the sector's middle half▼ 3.1pp37.1%within the sector's middle half▼ 0.5pp38.9%within the sector's middle half▲ 1.8pp
Current ratio2.57within the sector's middle half▲ 0.664.51above the sector's middle half▲ 1.943.65above the sector's middle half▼ 0.853.62above the sector's middle half▼ 0.043.03above the sector's middle half▼ 0.58
Return on assets (ROA)3.9%within the sector's middle half▼ 7.9pp2.3%within the sector's middle half▼ 1.5pp1.0%within the sector's middle half▼ 1.3pp5.3%within the sector's middle half▲ 4.3pp3.4%within the sector's middle half▼ 1.9pp
Staff (FTE)12.8within the sector's middle half=12.6within the sector's middle half▼ 1.6%14within the sector's middle half▲ 11.1%13.1within the sector's middle half▼ 6.4%13.8within the sector's middle half▲ 5.3%
above
within
below
the middle half (P25 to P75) of NACE 38, Waste collection, recovery and disposal activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 45% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €6.5m
Fixed assets
€2.6m ▲ 19.3%
Current assets
€3.9m ▼ 4.9%
Equity and liabilities €6.5m
Equity
€2.5m ▲ 8.6%
Provisions
€2.1m ▼ 14.7%
Debt
€1.9m ▲ 24.4%
Debt's share of the balance-sheet total rises from 24.6% to 29.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€690,061▼
2023 · €810,377
Cash flow
€667,109▼
2023 · €700,394
Quick ratio
2.87▼
2023 · 3.38
Debt to equity
0.76▲
2023 · 0.66
ROE
8.7%▼
2023 · 14.3%
Interest coverage
14.66▼
2023 · 23.45
Debt ≤ 1 year
€1.3m▲
2023 · €1.1m
Debt > 1 year
€646,690▲
2023 · €419,259
Income taxes
€34,250▼
2023 · €106,872
Staff costs
€1.0m▲
2023 · €912,723
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,732 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 14,732 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €3.6m | €4.3m | €3.9m | €5.0m | €5.5m | ▲ 10.8% |
| Non-recurring operating income76A | - | - | €77,930 | €0 | €50,000 | - |
| Goods, raw materials, services and sundry goods60/61 | - | €2.1m | €2.8m | €2.8m | €4.1m | ▲ 48.8% |
| Remuneration, social security and pensions62 | - | €808,665 | €900,998 | €912,723 | €1.0m | ▲ 14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €265,966 | €308,698 | €250,563 | €367,982 | €446,840 | ▲ 21.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €36,722 | -€1,678 | €65,243 | -€150,274 | ▼ 330% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €855,968 | -€13,288 | €538,138 | -€363,944 | ▼ 168% |
| Other operating charges640/8 | - | €34,028 | €25,117 | €34,665 | €67,837 | ▲ 95.7% |
| Non-recurring operating charges66A | - | - | - | - | €500 | - |
| Gross operating margin9900 | €1.4m | €2.2m | €1.2m | €2.4m | €1.3m | ▼ 45.4% |
| Operating profit (loss)9901 | €142,966 | €169,878 | €54,921 | €442,395 | €243,221 | ▼ 45.0% |
| Financial income75/76B | - | €26,488 | €28,813 | €33,097 | €68,574 | ▲ 107% |
| Recurring financial income75 | €32,029 | €26,488 | €28,813 | €33,097 | €68,574 | ▲ 107% |
| Financial charges65/66B | - | €28,410 | €29,698 | €36,208 | €47,075 | ▲ 30.0% |
| Recurring financial charges65 | €27,051 | €27,910 | €28,478 | €34,555 | €47,075 | ▲ 36.2% |
| Non-recurring financial charges66B | - | €500 | €1,220 | €1,653 | - | - |
| Profit (loss) for the period before taxes9903 | €147,943 | €167,956 | €54,036 | €439,284 | €264,720 | ▼ 39.7% |
| Transfer from deferred taxes780 | - | €2,950 | €983 | - | €2,298 | - |
| Transfer to deferred taxes680 | - | - | - | - | €12,500 | - |
| Income taxes67/77 | -€15,430 | €56,585 | €905 | €106,872 | €34,250 | ▼ 68.0% |
| Profit (loss) for the period9904 | €166,864 | €114,322 | €54,115 | €332,413 | €220,268 | ▼ 33.7% |
| Transfer from tax-exempt reserves789 | - | €8,850 | €2,950 | - | €6,895 | - |
| Transfer to tax-exempt reserves689 | - | - | - | - | €37,500 | - |
| Profit (loss) for the period to be appropriated9905 | €175,174 | €123,172 | €57,065 | €332,413 | €189,664 | ▼ 42.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.3m | €4.9m | €5.4m | €6.3m | €6.5m | ▲ 3.6% |
| Fixed assets21/28 | €2.1m | €1.8m | €2.4m | €2.2m | €2.6m | ▲ 19.3% |
| Intangible fixed assets21 | - | - | - | €28,143 | €108,508 | ▲ 286% |
| Tangible fixed assets22/27 | €1.8m | €1.6m | €2.2m | €2.0m | €2.3m | ▲ 17.6% |
| Land and buildings22 | - | €1.1m | €1.2m | €1.1m | €1.2m | ▲ 7.9% |
| Plant, machinery and equipment23 | - | €159,721 | €121,302 | €188,387 | €191,425 | ▲ 1.6% |
| Furniture and vehicles24 | - | €2,273 | €3,688 | €17,993 | €12,008 | ▼ 33.3% |
| Leasing and similar rights25 | - | €313,054 | €838,908 | €614,710 | €872,596 | ▲ 42.0% |
| Financial fixed assets28 | €214,379 | €217,079 | €217,079 | €219,579 | €219,579 | = |
| Current assets29/58 | €2.3m | €3.1m | €3.0m | €4.1m | €3.9m | ▼ 4.9% |
| Stocks and contracts in progress3 | €259,349 | €245,831 | €245,474 | €270,675 | €208,704 | ▼ 22.9% |
| Stocks30/36 | - | €245,831 | €245,474 | €270,675 | €208,704 | ▼ 22.9% |
| Amounts receivable within one year40/41 | €918,247 | €1.1m | €885,618 | €1.6m | €1.5m | ▼ 3.5% |
| Trade receivables40 | - | €1.0m | €783,827 | €1.4m | €1.3m | ▼ 4.7% |
| Other amounts receivable41 | - | €83,532 | €101,791 | €144,836 | €155,345 | ▲ 7.3% |
| Current investments50/53 | €656,797 | €346,797 | €346,797 | €841,500 | €841,499 | = |
| Cash at bank and in hand54/58 | €387,178 | €1.4m | €1.4m | €1.4m | €1.3m | ▼ 5.3% |
| Deferred charges and accrued income490/1 | - | €12,601 | €47,669 | €50,522 | €39,254 | ▼ 22.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.3m | €4.9m | €5.4m | €6.3m | €6.5m | ▲ 3.6% |
| Equity10/15 | €1.9m | €2.0m | €2.0m | €2.3m | €2.5m | ▲ 8.6% |
| Contributions10/11 | €991,574 | €991,574 | €991,574 | €991,574 | €991,574 | = |
| Capital10 | - | €991,574 | €991,574 | €991,574 | €991,574 | = |
| Issued capital100 | - | €991,574 | €991,574 | €991,574 | €991,574 | = |
| Reserves13 | €908,532 | €972,126 | €1.0m | €1.3m | €1.5m | ▲ 15.1% |
| Non-distributable reserves130/1 | - | €207,132 | €207,132 | €207,132 | €207,132 | = |
| Legal reserve130 | - | €99,157 | €99,157 | €99,157 | €99,157 | = |
| Own shares acquired1312 | - | €101,500 | €101,500 | €101,500 | €101,500 | = |
| Other1319 | - | €6,475 | €6,475 | €6,475 | €6,475 | = |
| Tax-exempt reserves132 | - | €2,950 | €0 | - | €30,605 | - |
| Distributable reserves133 | - | €762,044 | €808,108 | €1.1m | €1.3m | ▲ 15.2% |
| Profit (loss) carried forward14 | €1,272 | - | - | - | - | - |
| Investment grants15 | - | €16,523 | €16,523 | €16,523 | €16,523 | = |
| Provisions and deferred taxes16 | €1.0m | €1.9m | €1.9m | €2.4m | €2.1m | ▼ 14.7% |
| Provisions for liabilities and charges160/5 | - | €1.9m | €1.9m | €2.4m | €2.0m | ▼ 15.2% |
| Major repairs and maintenance162 | - | €39,361 | €0 | - | - | - |
| Other liabilities and charges164/5 | - | €1.8m | €1.9m | €2.4m | €2.0m | ▼ 15.2% |
| Deferred taxes168 | - | €9,569 | €8,586 | €8,586 | €18,788 | ▲ 119% |
| Amounts payable17/49 | €1.4m | €1.0m | €1.5m | €1.5m | €1.9m | ▲ 24.4% |
| Amounts payable after more than one year17 | €481,737 | €330,083 | €684,924 | €419,259 | €646,690 | ▲ 54.2% |
| Financial debts170/4 | - | €330,083 | €684,924 | €419,259 | €646,690 | ▲ 54.2% |
| Amounts payable within one year42/48 | €875,283 | €685,309 | €813,940 | €1.1m | €1.3m | ▲ 13.3% |
| Current portion of amounts payable after more than one year42 | - | €150,184 | €249,527 | €249,170 | €318,987 | ▲ 28.0% |
| Trade debts44 | €395,649 | €401,409 | €478,114 | €780,448 | €853,287 | ▲ 9.3% |
| Suppliers440/4 | - | €401,409 | €478,114 | €780,448 | €853,287 | ▲ 9.3% |
| Bills of exchange payable441 | - | €0 | - | - | - | - |
| Advances received on contracts in progress46 | - | €0 | - | €17,509 | €517 | ▼ 97.0% |
| Taxes, remuneration and social security45 | - | €111,716 | €75,299 | €57,420 | €86,591 | ▲ 50.8% |
| Taxes450/3 | - | €50,127 | €19,478 | €4,356 | €5,980 | ▲ 37.3% |
| Remuneration and social security454/9 | - | €61,589 | €55,820 | €53,063 | €80,610 | ▲ 51.9% |
| Other amounts payable47/48 | - | €22,000 | €11,000 | €25,000 | €20,000 | ▼ 20.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €166,864 | €114,322 | €54,115 | €332,413 | €220,268 | ▼ 33.7% |
| + Depreciation and write-downs630 | €265,966 | €308,698 | €250,563 | €367,982 | €446,840 | ▲ 21.4% |
| Operating cash flow (approximation) | €432,830 | €423,020 | €304,677 | €700,394 | €667,109 | ▼ 4.8% |
| Investment in fixed assets (approximation) | - | -€42,265 | -€878,976 | -€152,788 | -€871,604 | ▼ 470% |
| Change in cash | - | €1.0m | €58,663 | -€79,119 | -€72,756 | ▲ 8.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-07
State Gazette act
Permanent representatives: Karen De Boeck, Laurent Picron and 4 others17 facts ▸
State Gazette act
Permanent representatives: Karen De Boeck, Laurent Picron and 4 others
17 facts ▸
- General meeting, 03-06-2026
- Permanent representative, Karen De Boeck (representative)
- Permanent representative, Laurent Picron (representative)
- Board composition, Bernard Cornez (chair)
- Board composition, Norbert Koeckelberg (director)
- Board composition, Brice Barigand (director)
- Board composition, Karen De Boeck (director)
- Board composition, Benoit Remacle (director)
- Board composition, Guy Dufrasne (director)
- Board composition, Philippe TELLER (director)
- Board composition, Sophie Al Assouad (director)
- Board composition, Philippe Scauflaire (director)
- +5 further facts in this act
24-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €2mEq €2.0m ▲2.2%
5 profitable years in a row build equity to €2.0m.
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
04-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 69 days late
2019
31-12
Financial
Highest result since 2018net €467,674 ▲1,027%
Operating result €663,976, net result €467,674, both a record.
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 24 acts read
About the unread acts
Of the 24 Belgian State Gazette acts we know for this company, 1 has been read. The other 23 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
24 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Saint-Ghislain · 2 establishment units since 1997
Ground area
87.9 ha
Building footprint
5.1 ha
Volume, LiDAR
41,440 m³
2 parcels, Wallonia · tallest building 15.4 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
RECYMEX SA
since 19972.143.006.251
RECYMEX SA
since 20092.181.975.903
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53009B1000/00E007 | Wallonia | 87.4 ha | 1 · 4.8 ha | - |
| 52018D0269/00G000 | Wallonia | 5,065 m² | 1 · 2,893 m² | 15.4 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
3 ownersOwners 3
-
26.9%
-
13.3%
- Sourceaccounts TIBI 202510.78%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Identification & contact
Identification
Legal formPublic limited company
Founded13-12-1995
Fiscal year end31-12
Activities, NACEBEL 2025
38330Waste collection, recovery and disposal activities
Contact
Website
www.recymex.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0456821795
Registered
03-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.