RESOL
ActiveSummary
RESOL has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €865,541 and a net result of €73,992. Equity is growing by ~25.9% per year across the filed fiscal years. Its solvency ranks better than 63% of 240 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2024
Profitability74▼-3
Solvency73▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60,000 at 30 days acceptable
Liquidity ample (current ratio 1.99; short-term debt: 39.9% and cash: 3.8% of total assets), but 52.2% of the assets are financed with debt.
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Signals
Five 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
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 →
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
47.8%
Return on assets
4.1%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-07-2025, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2024
16 d early
2024
1 d early
2023
5 d early
2022
1 d early
2021
3 d early
2020
34 d early
2019
51 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 16 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€865,541▲ 9.3%
2024 · €791,548
Total assets
€1.8m▼ 0.7%
2024 · €1.8m
Net result
€73,992▼ 39.8%
2024 · €122,894
Working capital
€716,483▲ 2.7%
2024 · €697,906
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242024
Operating result€75,560▼ 68.8%€151,999▲ 101%€200,365▲ 31.8%€177,777▼ 11.3%€128,281-
Net result€51,416▼ 70.3%€114,811▲ 123%€144,767▲ 26.1%€122,894▼ 15.1%€73,992-
Equity€409,076▲ 14.4%€523,887▲ 28.1%€668,654▲ 27.6%€791,548▲ 18.4%€865,541-
Total assets€1.3m▲ 58.6%€1.5m▲ 16.1%€1.6m▲ 5.7%€1.8m▲ 15.2%€1.8m-
Debt€878,460▲ 93.4%€971,013▲ 10.5%€912,026▼ 6.1%€1.0m▲ 13.0%€924,183-
Working capital€432,153▲ 17.8%€493,103▲ 14.1%€497,637▲ 0.9%€697,906▲ 40.2%€716,483-
Staff (FTE)3.2▼ 25.6%3.4▲ 6.3%3.7▲ 8.8%5.4▲ 45.9%6.6-
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2021 Net result -70%, Total assets +59% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
Multiple fiscal year ends fall in the same calendar year; an annual trend is not displayed.
Balance-sheet composition
2024 in colour, 2024 as the grey bar beneath
Assets €1.8m
Fixed assets
€371,043 ▲ 23.3%
Current assets
€1.4m ▼ 5.4%
Equity and liabilities €1.8m
Equity
€865,541 ▲ 9.3%
Provisions
€19,698
Debt
€924,183 ▼ 10.3%
Debt's share of the balance-sheet total falls from 56.5% to 51.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€157,970▼
2024 · €237,682
Cash flow
€103,682▼
2024 · €182,799
Current ratio
1.99▲
2024 · 1.85
Debt to equity
1.07▼
2024 · 1.30
ROE
8.5%▼
2024 · 15.5%
ROA
4.1%▼
2024 · 6.7%
Interest coverage
8.09▼
2024 · 11.02
Debt ≤ 1 year
€721,896▼
2024 · €822,968
Debt > 1 year
€110,242▼
2024 · €119,995
Income taxes
€35,757▼
2024 · €44,541
Staff costs
€170,062▼
2024 · €284,739
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 16,986 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 16,986 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 | 2021 | 2022 | 2023 | 2024 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €187,886 | €165,385 | €284,739 | €170,062 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €48,282 | €38,093 | €51,573 | €59,905 | €29,689 | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €5,929 | -€8,109 | €5,741 | €4,650 | - |
| Other operating charges640/8 | - | €23,025 | €15,919 | €16,578 | €9,321 | - |
| Gross operating margin9900 | €282,861 | €406,933 | €425,132 | €544,740 | €342,004 | - |
| Operating profit (loss)9901 | €75,560 | €151,999 | €200,365 | €177,777 | €128,281 | - |
| Financial income75/76B | - | - | - | €11,230 | €20,685 | - |
| Recurring financial income75 | - | - | - | €11,230 | €20,685 | - |
| Financial charges65/66B | - | €5,068 | €10,569 | €21,571 | €19,519 | - |
| Recurring financial charges65 | €2,715 | €5,068 | €10,569 | €21,571 | €19,519 | - |
| Profit (loss) for the period before taxes9903 | €72,845 | €146,931 | €189,796 | €167,435 | €129,447 | - |
| Transfer from deferred taxes780 | - | - | - | - | €326 | - |
| Transfer to deferred taxes680 | - | - | - | - | €20,024 | - |
| Income taxes67/77 | €21,428 | €32,121 | €45,028 | €44,541 | €35,757 | - |
| Profit (loss) for the period9904 | €51,416 | €114,811 | €144,767 | €122,894 | €73,992 | - |
| Transfer from tax-exempt reserves789 | - | - | - | - | €979 | - |
| Transfer to tax-exempt reserves689 | - | - | - | - | €60,072 | - |
| Profit (loss) for the period to be appropriated9905 | €51,416 | €114,811 | €144,767 | €122,894 | €14,899 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.3m | €1.5m | €1.6m | €1.8m | €1.8m | - |
| Fixed assets21/28 | €66,034 | €124,133 | €258,836 | €300,821 | €371,043 | - |
| Tangible fixed assets22/27 | €61,469 | €119,568 | €254,271 | €296,256 | €366,613 | - |
| Plant, machinery and equipment23 | - | €54,890 | €63,042 | €67,998 | €143,026 | - |
| Furniture and vehicles24 | - | €29,166 | €13,064 | €36,040 | €37,509 | - |
| Other tangible fixed assets26 | - | €35,512 | €178,166 | €192,218 | €186,078 | - |
| Financial fixed assets28 | €4,565 | €4,565 | €4,565 | €4,565 | €4,430 | - |
| Current assets29/58 | €1.2m | €1.4m | €1.3m | €1.5m | €1.4m | - |
| Amounts receivable within one year40/41 | €500,873 | €614,657 | €985,884 | €743,978 | €1.1m | - |
| Trade receivables40 | - | €614,657 | €978,630 | €743,932 | €537,455 | - |
| Other amounts receivable41 | - | - | €7,254 | €46 | €520,224 | - |
| Current investments50/53 | - | - | - | €300,000 | €300,000 | - |
| Cash at bank and in hand54/58 | €705,471 | €740,184 | €323,637 | €468,517 | €68,373 | - |
| Deferred charges and accrued income490/1 | - | €15,927 | €12,323 | €8,381 | €12,327 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.3m | €1.5m | €1.6m | €1.8m | €1.8m | - |
| Equity10/15 | €409,076 | €523,887 | €668,654 | €791,548 | €865,541 | - |
| Contributions10/11 | €135,000 | €135,000 | €135,000 | €135,000 | €135,000 | - |
| Capital10 | - | €135,000 | €135,000 | €135,000 | €135,000 | - |
| Issued capital100 | - | €135,000 | €135,000 | €135,000 | €135,000 | - |
| Reserves13 | €274,076 | €388,887 | €533,654 | €656,548 | €730,541 | - |
| Non-distributable reserves130/1 | - | €13,500 | €13,500 | €13,500 | €13,500 | - |
| Legal reserve130 | - | €13,500 | €13,500 | €13,500 | €13,500 | - |
| Tax-exempt reserves132 | - | - | - | - | €59,093 | - |
| Distributable reserves133 | - | €375,387 | €520,154 | €643,048 | €657,948 | - |
| Profit (loss) carried forward14 | -€53,725 | - | - | - | - | - |
| Provisions and deferred taxes16 | - | - | - | - | €19,698 | - |
| Deferred taxes168 | - | - | - | - | €19,698 | - |
| Amounts payable17/49 | €878,460 | €971,013 | €912,026 | €1.0m | €924,183 | - |
| Amounts payable after more than one year17 | - | - | - | €119,995 | €110,242 | - |
| Financial debts170/4 | - | - | - | €119,995 | €110,242 | - |
| Amounts payable within one year42/48 | €789,349 | €877,664 | €824,207 | €822,968 | €721,896 | - |
| Current portion of amounts payable after more than one year42 | - | - | - | €18,874 | €19,293 | - |
| Trade debts44 | €738,938 | €828,733 | €767,966 | €725,956 | €626,335 | - |
| Suppliers440/4 | - | €828,733 | €767,966 | €725,956 | €626,335 | - |
| Taxes, remuneration and social security45 | - | €48,932 | €56,241 | €78,138 | €76,268 | - |
| Taxes450/3 | - | €13,434 | €20,293 | €10,653 | €28,982 | - |
| Remuneration and social security454/9 | - | €35,497 | €35,948 | €67,485 | €47,286 | - |
| Accrued charges and deferred income492/3 | - | €93,349 | €87,819 | €87,184 | €92,045 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €51,416 | €114,811 | €144,767 | €122,894 | €73,992 | - |
| + Depreciation and write-downs630 | €48,282 | €38,093 | €51,573 | €59,905 | €29,689 | - |
| Operating cash flow (approximation) | €99,699 | €152,904 | €196,340 | €182,799 | €103,682 | - |
| Investment in fixed assets (approximation) | - | -€96,192 | -€186,277 | -€101,889 | - | - |
| Change in cash | - | €34,713 | -€416,547 | €144,880 | - | - |
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
2025
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
26-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Equity above €500,000Eq €523,887 ▲28.1%
4 profitable years in a row build equity to €523,887.
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
28-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
30-06
Financial
Highest result since 2019net €173,152 ▲632%
Operating result €241,988, net result €173,152, both a record.
30-06
Financial
Equity above €200,000Eq €357,660 ▲93.8%
2 profitable years in a row build equity to €357,660.
2019
11-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
24-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
13-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 13 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
10 acts for this company are 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, Pelt · 1 establishment unit since 2001
Ground area
4.5 ha
Building footprint
1,428 m²
Volume, LiDAR
9,696 m³
Parcel 72502E0102/00E158, Flanders · tallest building 9.7 m, ±3 floors. Linked by address, not a title deed.
11
companies at this address
See who is registered here
1 establishment unit
Lieven Bauwenslaan 6, 3900 Pelt
since 20012.116.267.509
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72502E0102/00E158 | Flanders | 4.5 ha | 1 · 1,428 m² | 9.7 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
2 owners · 1 holdingChain of control
Highest known parent: ALGEMENE PARTICIPATIE KERKHOFS. The sources do not say who stands above it.
Owners 2
- 74.81%
-
25%
Holdings 1
- RESOL TRANSPORTsubsidiaryEquity €153,892Result €14,366100%
According to the 2024 annual accounts of RESOL 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 645 EUR awarded · 645 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 645 EUR | 645 EUR |
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Of 279 companies in sector 38330 we hold annual accounts for 240. 179 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded07-12-2000
Fiscal year end31-12
Trade name NL
RECYCLING SOLUTIONS PUT BOUDEWIJN
Activities, NACEBEL 2025
38110Waste collection, recovery and disposal activities
38330Waste collection, recovery and disposal activities
Contact
Website
www.resolbelgium.be
Phone
011 34 34 84
E-invoicing
Reachable via Peppol
Peppol ID
0208:0473456505
Also
9925:BE0473456505
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.