REQ
ActiveSummary
REQ has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €390,625 and a net result of €97,560. Equity is growing by about 28% per year across the filed financial years. Its solvency ranks better than 84% of 205 sector peers (NACE 38, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Activity
Waste collection, recovery and disposal activities
NACE 38110
1 site
Size
≈ €340,000turnover 2025, estimated
- Equity
- €390,625
- Profit
- €97,560
Turnover estimated from the gross margin
Why 98raises risk1 change of registered office in 24 monthslowers riskLiquidity: current ratio 4.41, cash €306,789Equity €390,625 (77.3% of total assets)Figures for financial year 2025 (filed 18-08-2026)Show the evidence
Checked score
Score 2025
98
/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 88% of its sector peers (NACE 38, micro)
Financial strength · tick = 2024
Strong
Solvency
100+23
equity 77.3% of total assets
Liquidity
92+16
short-term debt 22.6% · cash 60.7%
Profitability
93+2
return on assets 19.3%
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).
Last 24 months
11-2024: 0.1%
12-2024: 0.1%● unchanged vs 11-2024
01-2025: < 0.1%▼ -0.1 percentage points 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: 0.1%▲ +0.1 percentage points vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: < 0.1%▼ -0.1 percentage points vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026lowest value
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: 0.4%▲ +0.4 percentage points vs 07-2026highest value
09-2026: 0.1%▼ -0.3 percentage points vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
Credit of up to €35,000 on 30-day terms is acceptable
Liquidity ample (current ratio 4.41, compared with 2.07 in 2024, above the usual 1.5; short-term debt: 22.6% and cash: 60.7% of total assets), and 22.7% 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, micro): better than 91% on solvency, 91% on liquidity, 88% on profitability and 83% on growth.
The bankruptcy probability was computed on 30-10-2026 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).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 18 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
18 days late
2024
16 days late
2023
18 days late
2022
10 days early
2021
on the day
2020
9 days early
2019
70 days 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 15 days after 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 16 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
31-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · micro…
- Registered officeRegistered-office move · Power of…
- Liquidity more than doubledcurrent ratio 4.41
Financials · financial year 2025, micro format
2025 annual accounts filed late (18 days) Filed on 18 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00404151.
Turnover
≈ €340,000
Estimated: probably between €230,000 and €520,000
Total assets
€505,227▼ 10.8%
2024 · €566,690
Net result
€97,560▼ 3.6%
2024 · €101,152
Working capital
€390,116▲ 33.2%
2024 · €292,979
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 8% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€133,426
2025
Net result€97,560
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€505,227
2025
Equity€390,625
2025
Debt€114,602
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€390,116
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)19.3%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency77.3%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio4.41
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 38, Waste collection, recovery and disposal activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€18,577-€18,058▼ 2.8%-€7,166€19,487€39,859▲ 105%€133,781▲ 236%€144,477▲ 8.0%€133,426▼ 7.6%
Net result€26,019-€8,136▼ 68.7%-€3,441below the sector's middle half€13,296within the sector's middle half€33,388within the sector's middle half▲ 151%€86,695above the sector's middle half▲ 160%€101,152above the sector's middle half▲ 16.7%€97,560above the sector's middle half▼ 3.6%
Equity€74,088-€79,474▲ 7.3%€76,033within the sector's middle half▼ 4.3%€89,329within the sector's middle half▲ 17.5%€106,217within the sector's middle half▲ 18.9%€192,913within the sector's middle half▲ 81.6%€294,065above the sector's middle half▲ 52.4%€390,625above the sector's middle half▲ 32.8%
Total assets€161,392-€165,081▲ 2.3%€146,368within the sector's middle half▼ 11.3%€235,860within the sector's middle half▲ 61.1%€220,987within the sector's middle half▼ 6.3%€383,849within the sector's middle half▲ 73.7%€566,690above the sector's middle half▲ 47.6%€505,227within the sector's middle half▼ 10.8%
Debt€87,304-€85,606▼ 1.9%€70,335▼ 17.8%€146,531▲ 108%€114,770▼ 21.7%€190,936▲ 66.4%€272,625▲ 42.8%€114,602▼ 58.0%
Working capital€73,261-€79,061▲ 7.9%€71,986within the sector's middle half▼ 8.9%€85,215within the sector's middle half▲ 18.4%€104,569above the sector's middle half▲ 22.7%€193,303above the sector's middle half▲ 84.9%€292,979above the sector's middle half▲ 51.6%€390,116above the sector's middle half▲ 33.2%
Solvency45.9%-48.1%▲ 2.2pp51.9%within the sector's middle half▲ 3.8pp37.9%within the sector's middle half▼ 14.1pp48.1%within the sector's middle half▲ 10.2pp50.3%within the sector's middle half▲ 2.2pp51.9%within the sector's middle half▲ 1.6pp77.3%above the sector's middle half▲ 25.4pp
Current ratio1.84-1.92▲ 0.082.06above the sector's middle half▲ 0.141.58within the sector's middle half▼ 0.481.91within the sector's middle half▲ 0.332.01within the sector's middle half▲ 0.102.07within the sector's middle half▲ 0.064.41above the sector's middle half▲ 2.33
Return on assets (ROA)16.1%-4.9%▼ 11.2pp-2.4%below the sector's middle half▼ 7.3pp5.6%within the sector's middle half▲ 8.0pp15.1%above the sector's middle half▲ 9.5pp22.6%above the sector's middle half▲ 7.5pp17.8%above the sector's middle half▼ 4.7pp19.3%above the sector's middle half▲ 1.5pp
above
within
below
the middle half of NACE 38, Waste collection, recovery and disposal activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €505,227
Fixed assets
€686 ▼ 36.9%
Current assets
€504,541 ▼ 10.8%
Equity and liabilities €505,227
Equity
€390,625 ▲ 32.8%
Debt
€114,602 ▼ 58.0%
Debt's share of the balance-sheet total falls from 48.1% to 22.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€133,826▼
2024 · €144,592
Cash flow
€97,960▼
2024 · €101,268
Quick ratio
4.15▲
2024 · 1.91
Debt to equity
0.29▼
2024 · 0.93
ROE
25.0%▼
2024 · 34.4%
Interest coverage
over 100▲
2024 · 79.89
Debt ≤ 1 year
€114,425▼
2024 · €272,625
Income taxes
€40,932▼
2024 · €46,758
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,811 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 96.5% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.3%
went bankrupt
3.2%
stopped otherwise
96.5%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,445 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% | 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 17,811 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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0 | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €646 | €413 | €1,231 | €2,465 | €2,465 | €0 | €115 | €401 | ▲ 248% |
| Other operating charges640/8 | - | - | - | €1,144 | €1,248 | €3,332 | €1,517 | €1,173 | ▼ 22.6% |
| Non-recurring operating charges66A | - | - | - | €0 | €0 | - | - | - | - |
| Gross operating margin9900 | €20,613 | €19,812 | -€4,797 | €23,096 | €43,572 | €137,114 | €146,109 | €134,999 | ▼ 7.6% |
| Operating profit (loss)9901 | €18,577 | €18,058 | -€7,166 | €19,487 | €39,859 | €133,781 | €144,477 | €133,426 | ▼ 7.6% |
| Financial income75/76B | - | - | - | €1,093 | €2,466 | €542 | €5,244 | €6,017 | ▲ 14.7% |
| Recurring financial income75 | €25,540 | €0 | €617 | €1,093 | €2,466 | €542 | €5,244 | €6,017 | ▲ 14.7% |
| Non-recurring financial income76B | - | - | - | €0 | €0 | - | - | - | - |
| Financial charges65/66B | - | - | - | €426 | €815 | €1,200 | €1,810 | €951 | ▼ 47.5% |
| Recurring financial charges65 | €4,315 | €1,911 | €376 | €426 | €815 | €1,200 | €1,810 | €951 | ▼ 47.5% |
| Non-recurring financial charges66B | - | - | - | €0 | €0 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €39,802 | €16,147 | -€6,926 | €20,153 | €41,510 | €133,124 | €147,911 | €138,492 | ▼ 6.4% |
| Income taxes67/77 | €13,784 | €8,010 | -€3,484 | €6,857 | €8,122 | €46,428 | €46,758 | €40,932 | ▼ 12.5% |
| Profit (loss) for the period9904 | €26,019 | €8,136 | -€3,441 | €13,296 | €33,388 | €86,695 | €101,152 | €97,560 | ▼ 3.6% |
| Profit (loss) for the period to be appropriated9905 | €26,019 | €8,136 | -€3,441 | €13,296 | €33,388 | €86,695 | €101,152 | €97,560 | ▼ 3.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €161,392 | €165,081 | €146,368 | €235,860 | €220,987 | €383,849 | €566,690 | €505,227 | ▼ 10.8% |
| Formation expenses20 | €0 | €0 | €0 | €0 | €0 | - | - | - | - |
| Fixed assets21/28 | €827 | €413 | €6,579 | €4,114 | €1,649 | €0 | €1,086 | €686 | ▼ 36.9% |
| Intangible fixed assets21 | €0 | - | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €827 | €413 | €6,579 | €4,114 | €1,649 | €0 | €1,086 | €686 | ▼ 36.9% |
| Plant, machinery and equipment23 | - | - | - | €0 | €0 | - | €1,086 | €686 | ▼ 36.9% |
| Furniture and vehicles24 | - | - | - | €4,114 | €1,649 | €0 | - | - | - |
| Financial fixed assets28 | €0 | - | - | - | - | - | - | - | - |
| Current assets29/58 | €160,565 | €164,667 | €139,789 | €231,746 | €219,339 | €383,849 | €565,604 | €504,541 | ▼ 10.8% |
| Amounts receivable after more than one year29 | - | - | - | - | €0 | - | €130,509 | €116,973 | ▼ 10.4% |
| Other amounts receivable291 | - | - | - | - | - | - | €130,509 | €116,973 | ▼ 10.4% |
| Stocks and contracts in progress3 | €38,157 | €44,957 | €73,947 | €93,938 | €93,938 | €25,950 | €44,157 | €29,458 | ▼ 33.3% |
| Stocks30/36 | - | - | - | €93,938 | €93,938 | €25,950 | €44,157 | €29,458 | ▼ 33.3% |
| Amounts receivable within one year40/41 | €45,613 | €41,878 | €743 | €1,765 | €40,938 | €8,569 | €36,669 | €51,077 | ▲ 39.3% |
| Trade receivables40 | - | - | - | €1,076 | €2,749 | €2,236 | €21,268 | €23,077 | ▲ 8.5% |
| Other amounts receivable41 | - | - | - | €689 | €38,189 | €6,333 | €15,401 | €28,001 | ▲ 81.8% |
| Current investments50/53 | €0 | - | - | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €76,430 | €76,596 | €64,452 | €136,044 | €83,724 | €348,084 | €352,416 | €306,789 | ▼ 12.9% |
| Deferred charges and accrued income490/1 | - | - | - | €0 | €738 | €1,246 | €1,853 | €243 | ▼ 86.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €161,392 | €165,081 | €146,368 | €235,860 | €220,987 | €383,849 | €566,690 | €505,227 | ▼ 10.8% |
| Equity10/15 | €74,088 | €79,474 | €76,033 | €89,329 | €106,217 | €192,913 | €294,065 | €390,625 | ▲ 32.8% |
| Contributions10/11 | €12,400 | €12,400 | €0 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Capital10 | - | - | - | - | €0 | - | - | - | - |
| Issued capital100 | - | - | - | €0 | €0 | - | - | - | - |
| Uncalled capital101 | - | - | - | €0 | €0 | - | - | - | - |
| Contributions outside capital11 | - | - | - | €12,400 | €12,400 | - | - | - | - |
| Share premium1100/10 | - | - | - | €12,400 | €12,400 | - | - | - | - |
| Reserves13 | €60,860 | €60,860 | €60,860 | €74,156 | €91,044 | €177,740 | €278,892 | €378,225 | ▲ 35.6% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Legal reserve130 | - | - | - | €0 | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | - | €0 | - | - | - |
| Other1319 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | - | €72,296 | €89,184 | €177,740 | €278,892 | €378,225 | ▲ 35.6% |
| Profit (loss) carried forward14 | €828 | €6,214 | €2,773 | €2,773 | €2,773 | €2,773 | €2,773 | €0 | ▼ 100% |
| Provisions and deferred taxes16 | - | - | - | - | €0 | - | - | - | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | €0 | - | - | - | - |
| Amounts payable17/49 | €87,304 | €85,606 | €70,335 | €146,531 | €114,770 | €190,936 | €272,625 | €114,602 | ▼ 58.0% |
| Amounts payable after more than one year17 | - | - | €2,532 | - | €0 | - | - | - | - |
| Financial debts170/4 | - | - | - | - | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €87,304 | €85,606 | €67,803 | €146,531 | €114,770 | €190,546 | €272,625 | €114,425 | ▼ 58.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €2,532 | €0 | - | - | - | - |
| Financial debts43 | - | - | - | - | €0 | - | - | - | - |
| Trade debts44 | €64,834 | €50,368 | €6,627 | €109,177 | €48,760 | €44,773 | €23,264 | €9,227 | ▼ 60.3% |
| Suppliers440/4 | - | - | - | €109,177 | €48,760 | €44,773 | €23,264 | €9,227 | ▼ 60.3% |
| Advances received on contracts in progress46 | - | - | - | €6,124 | €12,927 | €79,700 | €146,660 | €84,683 | ▼ 42.3% |
| Taxes, remuneration and social security45 | - | - | - | €6,857 | €14,742 | €66,073 | €98,229 | €15,932 | ▼ 83.8% |
| Taxes450/3 | - | - | - | €6,857 | €14,742 | €66,073 | €96,061 | €15,932 | ▼ 83.4% |
| Remuneration and social security454/9 | - | - | - | €0 | €0 | - | €2,168 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €21,840 | €38,340 | €0 | €4,472 | €4,583 | ▲ 2.5% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €390 | €0 | €177 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €26,019 | €8,136 | -€3,441 | €13,296 | €33,388 | €86,695 | €101,152 | €97,560 | ▼ 3.6% |
| + Depreciation and write-downs630 | €646 | €413 | €1,231 | €2,465 | €2,465 | €0 | €115 | €401 | ▲ 248% |
| Operating cash flow (approximation) | €26,665 | €8,550 | -€2,211 | €15,762 | €35,853 | €86,695 | €101,268 | €97,960 | ▼ 3.3% |
| Investment in fixed assets (approximation) | - | €0 | -€7,396 | €0 | €0 | €1,649 | -€1,202 | €0 | - |
| Change in cash | - | €166 | -€12,144 | €71,592 | -€52,319 | €264,359 | €4,332 | -€45,627 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 11 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 18-08-2026 | 2026-00404151 |
| 31-12-2024 | micro format | 16-08-2025 | 2025-00389112 |
| 31-12-2023 | micro format | 18-08-2024 | 2024-00348726 |
| 31-12-2022 | micro format | 21-07-2023 | 2023-00260946 |
| 31-12-2021 | micro format | 31-07-2022 | 2022-20252672 |
| 31-12-2020 | micro format | 22-07-2021 | 2021-38000348 |
| 31-12-2019 | micro format | 09-10-2020 | 2020-60100097 |
| 31-12-2018 | abbreviated format | 02-08-2019 | 2019-42600173 |
| 31-12-2017 | abbreviated format | 20-08-2018 | 2018-46500297 |
| 31-12-2016 | abbreviated format | 01-08-2017 | 2017-38700249 |
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Of the 391 active companies whose main activity is waste collection, recovery and disposal activities (NACE 38110), figures are known for 205. 128 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
1 director, last change in 2023
KASSEM Ahmed
CurrentDirector (not named in the articles)
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ.
See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
1 of this company's 3 Belgian Official Gazette deeds has not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.
Mandate history
1 person since 2023, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| KASSEM Ahmed |
|
Owners and capital
Capital and shareholders
Capital over the years
- 29-03-2023 Converted to unavailable equity
Group and network
Connections & network
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History
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2026
18-08
NBB filing
Annual accounts filed
financial year 2025 · micro format · 18 days late
13-07
Gazette deed
Registered officeRegistered-office move · Power of attorney3 facts ▸
Gazette deed
Registered office
Registered-office move · Power of attorney3 facts ▸
- General meeting, 19-06-2026
- Registered-office move, Beukenlei 20 A, 2960 Brecht
- Power of attorney, CV FS-CONSULT
2025
31-12
Financial
Liquidity more than doubledcurrent ratio 4.41
Current ratio from 2.07 to 4.41; short-term debt falls from €272,625 to €114,425.
16-08
NBB filing
Annual accounts filed
financial year 2024 · micro format · 16 days late
2024
31-12
Financial
Highest result from 2018 to 2025net €101,152 ▲16.7%
Operating result €144,477, net result €101,152, both a record.
31-12
Financial
Equity above €200,000equity €294,065 ▲52.4%
4 profitable years in a row build equity to €294,065.
18-08
NBB filing
Annual accounts filed
financial year 2023 · micro format · 18 days late
2023
31-12
Financial
Equity above €150,000equity €192,913 ▲81.6%
3 profitable years in a row build equity to €192,913.
21-07
NBB filing
Annual accounts filed
financial year 2022 · micro format
29-03
Gazette deed
Resignation: KASSEM Ahmed (director)Reappointment: KASSEM Ahmed (director) · Capital conversion · Reserve release10 facts ▸
Gazette deed
Resignation: KASSEM Ahmed (director)
Reappointment: KASSEM Ahmed (director) · Capital conversion · Reserve release10 facts ▸
- General meeting, 24-03-2023
- Capital conversion, “onbeschikbare eigenvermogensrekening” (deed in Dutch)
- Reserve release, “opheffing, middelen beschikbaar voor uitkering” (deed in Dutch)
- Name change, REQ
- Power of attorney
- Director resignation, KASSEM Ahmed (director)
- Board rule, 1
- Director reappointment, KASSEM Ahmed (director (not named in the articles))
- Amendment of the articles
- Capital
2022
31-12
Financial
Equity above €100,000equity €106,217 ▲18.9%
2 profitable years in a row build equity to €106,217.
31-07
NBB filing
Annual accounts filed
financial year 2021 · micro format
Show earlier events
2021
31-12
Financial
Back to profitnet €13,296
Net result €13,296 after one loss-making year.
22-07
NBB filing
Annual accounts filed
financial year 2020 · micro format
2020
31-12
Financial
Weakest financial yearnet -€3,441
Net result drops to -€3,441, the lowest in the series; recovery starts the following year.
09-10
NBB filing
Annual accounts filed
financial year 2019 · micro format · 70 days late
2019
02-08
NBB filing
Annual accounts filed
financial year 2018 · abbreviated format · 2 days late
2018
20-08
NBB filing
Annual accounts filed
financial year 2017 · abbreviated format · 20 days late
2017
01-08
NBB filing
Annual accounts filed
financial year 2016 · abbreviated format · 1 day late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 11 annual accounts filed, the latest 10 are here; all 11 are under Financials.
2 of 3 deeds read
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 2 have been read. The other one has not been read yet: what they contain is neither established nor disproved here.
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Register details
Identification
Legal formPrivate limited company
Founded24-07-2014
Financial year end31-12
Activities, NACEBEL 2025
38110Waste collection, recovery and disposal activities
38210Materials recovery from waste
46872Wholesale trade
46879Wholesale trade
68110Buying and selling of own real estate
E-invoicing
Reachable via Peppol
Peppol ID
0208:0556881354
Also
9925:BE0556881354
Registered
05-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Brecht · 1 establishment unit since 2014
Ground area
1,895 m²
Building footprint
830 m²
Building volume
3,260 m³
2 parcels, Flanders · tallest building 10.9 m. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
REQ BVBA
since 2014unit no. 2.233.306.323
2 parcels
Flanders
2
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11009M0002/00V009 | Flanders | 1,161 m² | 1 · 723 m² | 10.9 m · 1 |
| 11009A0329/00P007 | Flanders | 734 m² | 1 · 106 m² | 10.7 m |
How the parcels are linked
Good to know
Both parcels match the address exactly.
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Import & export van afvalmateriaal,verpakkingsmateriaal,tweehandsmateriaal alsook opslag van deze materialen; Import & export,groot- en…” (deed in Dutch)
18 activities (deed in Dutch)
- Import & export van afvalmateriaal,verpakkingsmateriaal,tweehandsmateriaal alsook opslag van deze materialen;
- Import & export,groot- en kleinhandel,het vervoer,de verwerking en verhandeling van plastic,plasticonderdelen en plasticafval en van alle andere middelen,producten en materialen en alle activiteiten die daar enig rechtstreeks of onrechtstreeks verband mee houden;
- Behandelen en verhandelen van verschillende soorten kunststoffen;
- Behandelen en verhandelen van verschillende soorten papier en karton;
- Behandelen en verhandelen van verschillende soorten metalen;
- Behandelen en verhandelen van verschillende soorten hout;
- Het mechanisch verwerken van plastiek;
- De opslag van en de handel in plastiek-producten;
- Inzameling van ongevaarlijk afval;
- Terugwinning van overig gesorteerd afval;
- Groothandel in afval en schroot;
- Groothandel in kunststoffen in primaire vormen;
- Terugwinning van allerlei producten;
- Warehousing;
- Handel in eigen onroerend goed;
- Verhuur van al dan niet gemeubelde appartementen en huizen;
- Diverse administratieve activiteiten ten behoeve van kantoren;
- Overige zakelijke dienstverlening,n.e.g.
- Name clauseThe name the company operates under according to its articles.
- REQ
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, natuurlijke personen of rechtspersonen,al dan niet aandeelhouder” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of June at 20:00