RECYTEC
Absorbed by Geoffrey GAUTHYFinancials · financial year 2026, abbreviated format
Annual accounts 2026 filed on 28-08-2026 at the NBB all 26 filings
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€5,529▼ 111%
2025 · -€2,624
Working capital
€1.1m▼ 0.3%
2025 · €1.1m
Multi-year overview
2019 to 2026, 8 financial yearsOperating result
-€7,647
▲ 13.4%
2026
20192026
Net result
-€5,529
▼ 111%
2026
20192026
Equity
€1.0m
▼ 0.5%
2026
20192026
Total assets
€1.2m
▲ 1.2%
2026
20192026
Debt
€84,213
▲ 31.6%
2026
20192026
Working capital
€1.1m
▼ 0.3%
2026
20192026
Staff (FTE)
no figure
2026
20192026
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023202420252026
Operating result€0.005m--€0.003m€0.02m€0.09m▲ 324%-€0.01m€0.008m-€0.009m-€0.008m▲ 13.4%
Net result€0.004m--€331€124€0.08m▲ 677×€0.005m▼ 94.0%€0.01m▲ 137%-€0.003m-€0.006m▼ 111%
Equity€0.9m-€0.9m=€0.9m=€1.0m▲ 8.9%€1.0m▲ 0.5%€1.0m▲ 1.2%€1.0m▼ 0.3%€1.0m▼ 0.5%
Total assets€1.3m-€1.2m▼ 4.4%€1.2m▼ 2.3%€1.3m▲ 10.2%€1.2m▼ 6.8%€1.2m▲ 2.7%€1.2m▼ 1.5%€1.2m▲ 1.2%
Debt€0.1m-€0.07m▼ 43.4%€0.1m▲ 60.3%€0.2m▲ 31.5%€0.06m▼ 61.2%€0.08m▲ 35.5%€0.06m▼ 20.3%€0.08m▲ 31.6%
Working capital€0.9m-€0.9m▲ 0.9%€0.9m▼ 0.8%€1.0m▲ 10.8%€1.0m▲ 2.0%€1.1m▲ 2.6%€1.1m▼ 0.1%€1.1m▼ 0.3%
Staff (FTE)2-1.3▼ 35.0%
The operating result for 2026 is a loss of €7,647, smaller than the loss of €8,828 in 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €1.2m
Fixed assets
€98,229 ▼ 0.3%
Current assets
€1.1m ▲ 1.3%
Equity and liabilities €1.2m
Equity
€1.0m ▼ 0.5%
Provisions
€118,275 =
Debt
€84,213 ▲ 31.6%
Debt's share of the balance-sheet total rises from 5.2% to 6.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€7,313▲
2025 · -€7,355
Cash flow
-€5,194▼
2025 · -€1,151
Current ratio
13.95▼
2025 · 17.77
Debt to equity
0.08▲
2025 · 0.06
ROE
-0.5%▼
2025 · -0.3%
ROA
-0.4%▼
2025 · -0.2%
Interest coverage
-406.27▼
2025 · -47.27
Debt ≤ 1 year
€81,819▲
2025 · €63,376
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 | 18-03-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €0 | - | - | - |
| Depreciation and write-downs of the year | €15,575 | €15,333 | €15,333 | €1,473 | €334 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | -€534 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €61,071 | €73,502 | €74,412 | €15,575 | €15,333 | €15,333 | €1,473 | €334 | ▼ 77.3% |
| Other operating charges640/8 | - | - | - | €2,856 | €3,235 | €2,787 | €2,691 | €616 | ▼ 77.1% |
| Gross operating margin9900 | €127,576 | €109,988 | €29,959 | €109,758 | €4,333 | €25,828 | -€4,663 | -€6,697 | ▼ 43.6% |
| Operating profit (loss)9901 | €4,666 | -€2,587 | €21,673 | €91,861 | -€14,236 | €7,709 | -€8,828 | -€7,647 | ▲ 13.4% |
| Financial income75/76B | - | - | - | €1,251 | €19,349 | €4,321 | €6,359 | €2,136 | ▼ 66.4% |
| Recurring financial income75 | €498 | €4,629 | €1,215 | €1,251 | €19,349 | €4,321 | €6,359 | €2,136 | ▼ 66.4% |
| Financial charges65/66B | - | - | - | €257 | €64 | €61 | €156 | €18 | ▼ 88.4% |
| Recurring financial charges65 | €283 | €2,373 | €115 | €257 | €64 | €61 | €156 | €18 | ▼ 88.4% |
| Profit (loss) for the period before taxes9903 | €4,882 | -€331 | €22,772 | €92,855 | €5,050 | €11,968 | -€2,624 | -€5,529 | ▼ 111% |
| Income taxes67/77 | €1,145 | - | €22,648 | €8,925 | €0 | - | €0 | - | - |
| Profit (loss) for the period9904 | €3,737 | -€331 | €124 | €83,929 | €5,050 | €11,968 | -€2,624 | -€5,529 | ▼ 111% |
| Profit (loss) for the period to be appropriated9905 | €3,737 | -€331 | €124 | €83,929 | €5,050 | €11,968 | -€2,624 | -€5,529 | ▼ 111% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.3m | €1.2m | €1.2m | €1.3m | €1.2m | €1.2m | €1.2m | €1.2m | ▲ 1.2% |
| Fixed assets21/28 | €0.2m | €0.2m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 0.3% |
| Tangible fixed assets22/27 | €0.1m | €0.1m | €0.05m | €0.03m | €0.02m | €0.002m | €0.001m | €229 | ▼ 59.4% |
| Plant, machinery and equipment23 | - | - | - | €0 | €0 | €0 | - | €0 | - |
| Furniture and vehicles24 | - | - | - | €0.03m | €0.02m | €0.002m | €0.001m | €229 | ▼ 59.4% |
| Financial fixed assets28 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Current assets29/58 | €1.0m | €1.0m | €1.0m | €1.2m | €1.1m | €1.1m | €1.1m | €1.1m | ▲ 1.3% |
| Amounts receivable within one year40/41 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.6m | €0.8m | €0.8m | ▲ 9.0% |
| Trade receivables40 | - | - | - | €0.3m | €0.2m | €0.3m | €0.3m | €0.3m | ▲ 5.6% |
| Other amounts receivable41 | - | - | - | €0.08m | €0.2m | €0.3m | €0.5m | €0.5m | ▲ 11.4% |
| Cash at bank and in hand54/58 | €0.8m | €0.7m | €0.7m | €0.8m | €0.7m | €0.6m | €0.3m | €0.3m | ▼ 15.7% |
| Deferred charges and accrued income490/1 | - | - | - | €0.006m | €0.007m | €0.01m | €0.01m | €0.009m | ▼ 11.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.3m | €1.2m | €1.2m | €1.3m | €1.2m | €1.2m | €1.2m | €1.2m | ▲ 1.2% |
| Equity10/15 | €0.9m | €0.9m | €0.9m | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | ▼ 0.5% |
| Contributions10/11 | €0.02m | €0 | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Tax-exempt reserves132 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Profit (loss) carried forward14 | €0.9m | €0.9m | €0.9m | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | ▼ 0.5% |
| Provisions and deferred taxes16 | €0.2m | €0.2m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Provisions for liabilities and charges160/5 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Environmental obligations163 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Amounts payable17/49 | €0.1m | €0.07m | €0.1m | €0.2m | €0.06m | €0.08m | €0.06m | €0.08m | ▲ 31.6% |
| Amounts payable within one year42/48 | €0.1m | €0.07m | €0.1m | €0.2m | €0.06m | €0.08m | €0.06m | €0.08m | ▲ 29.1% |
| Trade debts44 | €0.1m | €0.07m | €0.09m | €0.1m | €0.06m | €0.08m | €0.06m | €0.08m | ▲ 30.6% |
| Suppliers440/4 | - | - | - | €0.1m | €0.06m | €0.08m | €0.06m | €0.08m | ▲ 30.6% |
| Taxes, remuneration and social security45 | - | - | - | €0.009m | €0 | €0 | €0.001m | €0 | ▼ 100% |
| Taxes450/3 | - | - | - | €0.009m | €0 | €0 | €0.001m | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Accrued charges and deferred income492/3 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.002m | ▲ 278% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,737 | -€331 | €124 | €83,929 | €5,050 | €11,968 | -€2,624 | -€5,529 | ▼ 111% |
| + Depreciation and write-downs630 | €61,071 | €73,502 | €74,412 | €15,575 | €15,333 | €15,333 | €1,473 | €334 | ▼ 77.3% |
| Operating cash flow (approximation) | €64,808 | €73,171 | €74,536 | €99,505 | €20,383 | €27,301 | -€1,151 | -€5,194 | ▼ 351% |
| Investment in fixed assets (approximation) | - | -€69,301 | -€7,365 | €25 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€58,645 | €43,166 | €70,667 | -€73,160 | -€171,734 | -€233,170 | -€53,399 | ▲ 77.1% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 26 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 18-03-2026 | abbreviated format | 28-08-2026 | 2026-00479674 | |
| 30-06-2025 | full format | 19-12-2025 | 2025-00587794 | |
| 30-06-2024 | full format | 10-12-2024 | 2024-00614146 | |
| 30-06-2023 | full format | 30-11-2023 | 2023-00521703 | |
| 30-06-2022 | full format | 17-01-2023 | 2023-00000674 | |
| 30-06-2021 | full format | 07-02-2022 | 2022-05200506 | |
| 30-06-2020 | full format | 04-02-2021 | 2021-04800179 | |
| 30-06-2019 | full format | 13-02-2020 | 2020-05200290 | |
| 30-06-2018 | full format | 05-02-2019 | 2019-04500516 | |
| 30-06-2017 | micro format | 20-12-2017 | 2017-72900468 |