Summary
RECYNEX is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €57,379 and a net result of €805. Equity is growing by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 85% of 5593 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
2 d early
2023
14 d early
2022
126 d early
2021
30 d early
2020
58 d early
2019
28 d 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 37 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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 18 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€57,379▲ 1.4%
2024 · €56,574
Net result
€805▼ 23.6%
2024 · €1,054
Total assets
€63,833▲ 5.8%
2024 · €60,334
Solvency
89.9%▼ 3.9pp
2024 · 93.8%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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
Line20212022202320242025
Turnover
Operating result€7,869▼ 1.6%€4,235▼ 46.2%€2,099▼ 50.4%€1,492▼ 28.9%€1,040▼ 30.3%
Net result€5,745below the sector's middle half▼ 1.1%€3,080below the sector's middle half▼ 46.4%€1,513below the sector's middle half▼ 50.9%€1,054below the sector's middle half▼ 30.4%€805below the sector's middle half▼ 23.6%
Equity€52,561below the sector's middle half▲ 12.3%€54,840below the sector's middle half▲ 4.3%€55,521below the sector's middle half▲ 1.2%€56,574below the sector's middle half▲ 1.9%€57,379below the sector's middle half▲ 1.4%
Total assets€109,662below the sector's middle half▲ 6.4%€117,544below the sector's middle half▲ 7.2%€59,130below the sector's middle half▼ 49.7%€60,334below the sector's middle half▲ 2.0%€63,833below the sector's middle half▲ 5.8%
Debt€57,102▲ 1.5%€62,704▲ 9.8%€3,609▼ 94.2%€3,759▲ 4.1%€6,453▲ 71.7%
Working capital€2,838within the sector's middle half€5,118within the sector's middle half▲ 80.3%€5,799within the sector's middle half▲ 13.3%€6,852within the sector's middle half▲ 18.2%€13,657within the sector's middle half▲ 99.3%
Solvency47.9%within the sector's middle half▲ 2.5pp46.7%within the sector's middle half▼ 1.3pp93.9%above the sector's middle half▲ 47.2pp93.8%above the sector's middle half▼ 0.1pp89.9%above the sector's middle half▼ 3.9pp
Current ratio1.05within the sector's middle half▲ 0.101.08within the sector's middle half▲ 0.032.61within the sector's middle half▲ 1.522.82within the sector's middle half▲ 0.2231.12above the sector's middle half▲ 28.30
Return on assets (ROA)5.2%within the sector's middle half▼ 0.4pp2.6%within the sector's middle half▼ 2.6pp2.6%within the sector's middle half▼ 0.1pp1.7%within the sector's middle half▼ 0.8pp1.3%within the sector's middle half▼ 0.5pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2025 is 30% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €63,833
Fixed assets
€49,722 =
Current assets
€14,111 ▲ 33.0%
Equity and liabilities €63,833
Equity
€57,379 ▲ 1.4%
Debt
€6,453 ▲ 71.7%
Debt's share of the balance-sheet total rises from 6.2% to 10.1%. Equity and debt are higher.
Key figures and ratios
ROE
1.4%▼
2024 · 1.9%
Debt ≤ 1 year
€453▼
2024 · €3,759
Income taxes
€146▼
2024 · €395
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €459 | €460 | €549 | €524 | €430 | ▼ 17.9% |
| Gross operating margin9900 | €8,327 | €4,695 | €2,648 | €2,016 | €1,470 | ▼ 27.1% |
| Operating profit (loss)9901 | €7,869 | €4,235 | €2,099 | €1,492 | €1,040 | ▼ 30.3% |
| Financial charges65/66B | €32 | €34 | €35 | €44 | €89 | ▲ 105% |
| Recurring financial charges65 | €32 | €34 | €35 | €44 | €89 | ▲ 105% |
| Profit (loss) for the period before taxes9903 | €7,836 | €4,201 | €2,064 | €1,448 | €951 | ▼ 34.3% |
| Income taxes67/77 | €2,091 | €1,121 | €551 | €395 | €146 | ▼ 62.9% |
| Profit (loss) for the period9904 | €5,745 | €3,080 | €1,513 | €1,054 | €805 | ▼ 23.6% |
| Profit (loss) for the period to be appropriated9905 | €5,745 | €3,080 | €1,513 | €1,054 | €805 | ▼ 23.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €109,662 | €117,544 | €59,130 | €60,334 | €63,833 | ▲ 5.8% |
| Fixed assets21/28 | €49,722 | €49,722 | €49,722 | €49,722 | €49,722 | = |
| Financial fixed assets28 | €49,722 | €49,722 | €49,722 | €49,722 | €49,722 | = |
| Current assets29/58 | €59,940 | €67,822 | €9,408 | €10,611 | €14,111 | ▲ 33.0% |
| Amounts receivable within one year40/41 | €57,201 | €67,110 | €8,701 | €10,016 | €13,395 | ▲ 33.7% |
| Trade receivables40 | - | - | - | €9,680 | €6,050 | ▼ 37.5% |
| Other amounts receivable41 | €57,201 | €67,110 | €8,701 | €336 | €7,345 | ▲ 2,083% |
| Cash at bank and in hand54/58 | €2,739 | €712 | €707 | €595 | €716 | ▲ 20.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €109,662 | €117,544 | €59,130 | €60,334 | €63,833 | ▲ 5.8% |
| Equity10/15 | €52,561 | €54,840 | €55,521 | €56,574 | €57,379 | ▲ 1.4% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €33,960 | €36,160 | €36,920 | €36,920 | €36,920 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | €32,100 | €34,300 | €36,920 | €36,920 | €36,920 | = |
| Profit (loss) carried forward14 | €1 | €80 | €1 | €1,054 | €1,859 | ▲ 76.3% |
| Amounts payable17/49 | €57,102 | €62,704 | €3,609 | €3,759 | €6,453 | ▲ 71.7% |
| Amounts payable within one year42/48 | €57,102 | €62,704 | €3,609 | €3,759 | €453 | ▼ 87.9% |
| Trade debts44 | - | - | €499 | €510 | €0 | ▼ 100% |
| Suppliers440/4 | - | - | €499 | €510 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €4,340 | €3,334 | €1,672 | €946 | €453 | ▼ 52.0% |
| Taxes450/3 | €4,340 | €3,334 | €1,672 | €946 | €453 | ▼ 52.0% |
| Other amounts payable47/48 | €52,762 | €59,370 | €1,438 | €2,303 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €6,000 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,745 | €3,080 | €1,513 | €1,054 | €805 | ▼ 23.6% |
| Operating cash flow (approximation) | €5,745 | €3,080 | €1,513 | €1,054 | €805 | ▼ 23.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€2,027 | -€5 | -€112 | €121 | ▲ 208% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €805 ▼23.6%
Net result drops to €805, the lowest in the series.
31-12
Financial
Liquidity times 11current ratio 31.12
Current ratio from 2.82 to 31.12; short-term debt falls from €3,759 to €453.
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity doublescurrent ratio 2.61
Current ratio from 1.08 to 2.61; short-term debt falls from €62,704 to €3,609.
27-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
03-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €6,531 ▲8.5%
Net result €6,531, the highest in the series.
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
01-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Ieper · 1 establishment unit since 2015
Ground area
3.3 ha
Building footprint
9,494 m²
Volume, LiDAR
100,626 m³
Parcel 33003B0873/00E000, Flanders · tallest building 15.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
RECYNEX
since 20152.243.079.567
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33003B0873/00E000 | Flanders | 3.3 ha | 1 · 9,494 m² | 15.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2023 list no shareholders, and no other source names one.
Holdings 1
-
99.44%
According to the 2023 annual accounts of RECYNEX and those 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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Of 24,728 companies in sector 64210 we hold annual accounts for 19,805. 10,859 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded12-06-2015
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0631970836
Registered
19-05-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.