Equity
VAN LOO PROJECTS has made a profit in every financial year since 2007.
VAN LOO PROJECTS has made a profit in every financial year since 2007.
The result fell in 2025: 18-month financial year.
In 2025, 16 people joined and 20 left.
VAN LOO PROJECTS pays its suppliers 25 days earlier than in 2024. Customers pay 36 days earlier.
Two of the last ten came late. The 2018 accounts came latest: 15 days after the end of the period.
The dashed line is the sector median: 0.4% across 911 companies (NACE 41, small).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 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 41, small). It does better than 52% of them on solvency, 34% on liquidity and 61% on profitability.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 20,137 companies had the same profile as VAN LOO PROJECTS has now. Each dot stands for 51 companies, two years later.
That fits the bankruptcy probability of VAN LOO PROJECTS itself: 0.2% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 20,137 companies, not a prediction for VAN LOO PROJECTS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is tight, with a current ratio of 1.48 (1.42 in 2024), below the usual 1.5. Short-term debt is 54.2% and cash 7.7% of total assets. 66.9% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 12 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| VAN LOO PROJECTS Hulshout | €44.7m | 3.6% | 33.1% | 39.3 |
| GODTS Tienen | €24.2m | 5.6% | 47.8% | 30.6 |
| CROES Geetbets | €29.4m | 7.7% | 48.3% | 41.5 |
| HERTSENS INFRA Beveren-Kruibeke-Zwijndrecht | €21.9m | 17.6% | 58.0% | 44.4 |
| ONDERNEMINGEN JANSEN Merksplas | €15.2m | 0.6% | 43.5% | 49.8 |
| AANNEMINGEN BOSSCHAERT Kortrijk | €39.6m | 3.0% | 26.5% | 67 |
| BIOTERRA Genk | €27.6m | 5.1% | 5.3% | 43.3 |
Grey: the largest companies of the sector (specialised construction (NACE 43)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as VAN LOO PROJECTS: site preparation (NACE 43120). They are comparable in size and age: total assets between €15m and €39m, founded between 1977 and 1996.
VAN LOO PROJECTS has existed since 1991. Turnover grew from €26.6m in 2007 to €44.7m in 2025 and staff from 21.6 to 39.3 full-time equivalents.
Smart Recycling Partners holds all the shares. In December 2023, the Official Gazette published the appointment of VAN LOO Jozef Louis as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 37% of 2,463 companies in 2025.
Higher than 43% of 2,436 companies in 2025.
Higher than 55% of 2,454 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter · Staff: top quarter
35.4 men and 3.9 women in full-time equivalents in 2025.
Men €121,873, women €110,584 per full-time equivalent. Jobs differ, so this is not a pay gap.
In 2025, 16 people joined and 20 left. Training hours in 2025: 4.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||
20/58 |
20.8m | 17.2m | 18.7m | 18.7m | 18.5m | 22.2m | 22.5m | 19.7m | 17.9m | 13.8m | 12.2m | 11.8m | 8.7m | 9.0m | 9.6m | 7.5m | 8.4m | 5.9m | |
21/28 |
4.0m | 4.2m | 5.1m | 5.3m | 3.8m | 3.2m | 3.8m | 3.2m | - | 2.2m | 2.9m | 1.7m | 1.9m | 1.7m | 1.7m | 1.9m | 1.9m | 1.2m | |
21 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 652 | 2,177 | |
22/27 |
4.0m | 4.2m | 5.1m | 5.3m | 3.8m | 3.2m | 3.8m | 3.2m | 3.3m | 2.2m | 2.9m | 1.7m | 1.9m | 1.7m | 1.7m | 1.4m | 1.9m | 1.2m | |
22 |
373 | 1,125 | 1,625 | 2,125 | 2,625 | 3,125 | 3,625 | 6,240 | 6,830 | 2,370 | 2,460 | 2,550 | 2,640 | 2,730 | 2,820 | 8,730 | - | - | |
23 |
729,066 | 598,855 | 554,059 | 572,743 | 402,903 | 418,634 | 664,604 | 736,836 | 614,679 | 610,813 | 844,346 | 488,813 | 649,944 | 462,158 | 548,267 | 263,429 | 377,639 | 429,117 | |
24 |
127,463 | 208,058 | 173,005 | 309,768 | 383,752 | 562,448 | 759,517 | 564,182 | 470,040 | 327,025 | 306,297 | 563,384 | 465,676 | 484,674 | 539,288 | 437,645 | 583,123 | 358,950 | |
25 |
3.0m | 3.3m | 4.3m | 4.5m | - | - | - | - | 2.2m | - | - | - | - | - | - | - | - | - | |
27 |
156,659 | 41,790 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
28 |
945 | 945 | 945 | 945 | 945 | 1,119 | 1,119 | 4,119 | 4,094 | - | - | - | - | - | 990 | 500,990 | 990 | 990 | |
280/1 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 500,000 | - | - | |
281 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 500,000 | - | - | |
282/3 |
- | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
284/8 |
945 | 945 | 945 | 945 | 945 | 1,119 | 1,119 | 4,119 | 4,094 | - | - | - | - | - | 990 | 990 | 990 | 990 | |
284 |
- | - | - | - | 0 | 174 | 174 | 174 | 149 | - | - | - | - | - | - | - | - | - | |
285/8 |
945 | 945 | 945 | 945 | 945 | 945 | 945 | 3,945 | 3,945 | - | - | - | - | - | 990 | 990 | 990 | 990 | |
29/58 |
16.7m | 13.0m | 13.6m | 13.3m | 14.7m | 19.0m | 18.7m | 16.4m | 14.6m | 11.6m | 9.2m | 10.1m | 6.8m | 7.3m | 7.8m | 5.6m | 6.5m | 4.7m | |
29 |
- | 0 | 530,961 | 536,094 | 340,573 | 26,795 | 35,720 | 41,075 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | - | - | - | |
291 |
- | 0 | 530,961 | 536,094 | 340,573 | 26,795 | 35,720 | 41,075 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | - | - | - | |
3 |
1.7m | 1.2m | 1.4m | 1.3m | 892,827 | 2.3m | 480,837 | 212,529 | 424,536 | 70,300 | 272,646 | 374,984 | 148,004 | 226,397 | 468,924 | 328,304 | 196,029 | 388,843 | |
30/36 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 14,538 | 14,538 | 13,034 | 15,357 | 160,357 | |
34 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 14,538 | 14,538 | 13,034 | 15,357 | 15,357 | |
35 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 145,000 | |
37 |
1.7m | 1.2m | 1.4m | 1.3m | 892,827 | 2.3m | 480,837 | 212,529 | 424,536 | 70,300 | 272,646 | 374,984 | 148,004 | 211,859 | 454,386 | 315,270 | 180,671 | 228,486 | |
40/41 |
13.1m | 10.3m | 8.9m | 10.6m | 12.4m | 15.1m | 16.1m | 13.3m | 12.0m | 9.4m | 8.0m | 8.0m | 5.1m | 5.7m | 6.7m | 4.6m | 6.2m | 4.0m | |
40 |
7.8m | 9.6m | 8.3m | 9.9m | 7.4m | 8.3m | 8.1m | 4.9m | 8.0m | 6.3m | 5.2m | 5.4m | 4.4m | 4.9m | 5.3m | 3.7m | 5.0m | 3.3m | |
41 |
5.3m | 639,867 | 623,409 | 742,885 | 5.0m | 6.8m | 8.0m | 8.4m | 4.0m | 3.0m | 2.8m | 2.6m | 623,337 | 746,919 | 1.4m | 847,819 | 1.2m | 722,554 | |
54/58 |
1.6m | 1.5m | 2.7m | 896,126 | 1.1m | 1.5m | 2.1m | 2.9m | 1.6m | 1.7m | 452,859 | 1.2m | 1.1m | 894,530 | 150,264 | 635,071 | 115,315 | 226,518 | |
490/1 |
314,208 | 5,258 | 11,956 | - | - | - | - | - | 71,141 | 3,743 | 2,068 | 1,702 | 1,753 | 23,625 | 5,316 | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||
10/49 |
20.8m | 17.2m | 18.7m | 18.7m | 18.5m | 22.2m | 22.5m | 19.7m | 17.9m | 13.8m | 12.2m | 11.8m | 8.7m | 9.0m | 9.6m | 7.5m | 8.4m | 5.9m | |
10/15 |
6.9m | 5.8m | 4.1m | 4.0m | 3.9m | 4.7m | 4.6m | 4.9m | 5.5m | 4.4m | 4.2m | 4.2m | 4.2m | 3.4m | 2.9m | 2.7m | 2.2m | 1.7m | |
10/11 |
62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | - | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | |
10 |
62,000 | 62,000 | 62,000 | 62,000 | - | - | - | - | 62,000 | - | - | - | - | - | - | - | - | - | |
100 |
62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | |
13 |
699,847 | 144,127 | 144,127 | 167,347 | 247,711 | 337,127 | 327,489 | 215,314 | 144,127 | 144,127 | 144,127 | 144,127 | 144,127 | 144,127 | 144,127 | 144,127 | 144,127 | 79,627 | |
130/1 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
132 |
657,720 | 102,000 | 102,000 | 125,220 | 205,584 | 294,999 | 285,361 | 173,187 | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 | 37,500 | |
133 |
35,927 | 35,927 | 35,927 | 35,927 | 35,927 | 35,927 | 35,927 | 35,927 | 35,927 | 35,927 | 35,927 | 35,927 | 35,927 | 35,927 | 35,927 | 35,927 | 35,927 | 35,927 | |
14 |
6.1m | 5.6m | 3.9m | 3.7m | 3.6m | 4.3m | 4.2m | 4.7m | 5.3m | 4.2m | 4.0m | 3.9m | 4.0m | 3.2m | 2.6m | 2.5m | 1.9m | 1.6m | |
16 |
- | - | 0 | 7,740 | 34,528 | 616,795 | 590,836 | 521,910 | 464,622 | - | - | - | - | - | - | - | - | - | |
160/5 |
- | - | - | - | 0 | 552,462 | 523,182 | 493,902 | 464,622 | - | - | - | - | - | - | - | - | - | |
162 |
- | - | - | - | - | - | - | 493,902 | 464,622 | - | - | - | - | - | - | - | - | - | |
164/5 |
- | - | - | - | 0 | 552,462 | 523,182 | - | - | - | - | - | - | - | - | - | - | - | |
168 |
- | - | 0 | 7,740 | 34,528 | 64,333 | 67,655 | 28,008 | - | - | - | - | - | - | - | - | - | - | |
17/49 |
13.9m | 11.4m | 14.6m | 14.7m | 14.6m | 16.8m | 17.3m | 14.2m | 11.9m | 9.5m | 7.9m | 7.7m | 4.6m | 5.6m | 6.7m | 4.8m | 6.3m | 4.2m | |
17 |
2.0m | 1.6m | 2.6m | 2.9m | 2.0m | 1.5m | 1.6m | 1.4m | 1.5m | 604,449 | 1.2m | 149,773 | 292,748 | 417,769 | 582,588 | 619,996 | 968,785 | 543,313 | |
170/4 |
2.0m | 1.6m | 2.6m | 2.9m | 2.0m | 1.5m | 1.6m | 1.4m | 1.5m | 604,449 | 1.2m | 149,773 | 292,748 | 417,769 | 582,588 | 619,996 | 968,785 | 543,313 | |
172 |
2.0m | 1.6m | 2.6m | 2.9m | 2.0m | 1.5m | 1.6m | 1.4m | 1.5m | 570,405 | 1.1m | 91,439 | 273,512 | 337,984 | 436,018 | 619,996 | 936,715 | 422,893 | |
173 |
- | - | - | - | - | - | - | - | - | 34,044 | 103,644 | 58,333 | 19,236 | 79,786 | 146,570 | - | 32,070 | 120,420 | |
42/48 |
11.3m | 9.2m | 11.3m | 11.1m | 11.3m | 14.3m | 14.1m | 10.9m | 8.8m | 8.1m | 6.7m | 7.5m | 4.1m | 5.1m | 6.1m | 4.1m | 5.0m | 3.6m | |
42 |
1.1m | 1.8m | 1.6m | 1.8m | 2.0m | 1.5m | 3.5m | 996,977 | 778,506 | 549,500 | 594,430 | 364,569 | 492,872 | 680,129 | 656,582 | 433,415 | 473,617 | 325,207 | |
43 |
2.6m | 456,000 | 400,000 | 400,000 | 0 | 400,000 | - | 1.5m | 900,000 | 1.4m | 1.4m | 1.7m | 580,692 | 482,371 | - | - | 533,333 | 334,536 | |
430/8 |
2.6m | 456,000 | 400,000 | 400,000 | 0 | 400,000 | - | 1.5m | 900,000 | 1.4m | 1.4m | 1.7m | 580,692 | 482,371 | - | - | 533,333 | 334,536 | |
44 |
7.2m | 6.5m | 6.5m | 7.1m | 5.5m | 10.3m | 7.8m | 5.6m | 6.7m | 5.3m | 3.6m | 4.4m | 2.6m | 3.5m | 5.0m | 3.2m | 3.5m | 2.5m | |
440/4 |
7.2m | 6.5m | 6.5m | 7.1m | 5.5m | 10.3m | 7.8m | 5.6m | 6.7m | 5.3m | 3.6m | 4.4m | 2.6m | 3.5m | 5.0m | 3.2m | 3.5m | 2.5m | |
46 |
- | - | - | - | - | - | - | - | 50,000 | 50,000 | - | - | - | - | - | 112,000 | - | - | |
45 |
190,892 | 388,343 | 449,857 | 190,567 | 231,602 | 218,562 | 297,394 | 250,021 | 319,551 | 263,851 | 214,376 | 206,363 | 227,404 | 217,607 | 215,598 | 166,580 | 148,581 | 172,724 | |
450/3 |
33,727 | 125,320 | 248,924 | 23,621 | 23,562 | 28,999 | - | 37,385 | 107,421 | 46,271 | 19,380 | 23,361 | 26,347 | 23,374 | 22,192 | 22,233 | 14,866 | 58,431 | |
454/9 |
157,165 | 263,023 | 200,933 | 166,946 | 208,041 | 189,564 | 297,394 | 212,636 | 212,130 | 217,580 | 194,996 | 183,002 | 201,057 | 194,233 | 193,406 | 144,347 | 133,715 | 114,294 | |
47/48 |
132,000 | 0 | 2.4m | 1.6m | 3.6m | 1.9m | 2.6m | 2.6m | 83,230 | 576,082 | 839,707 | 790,337 | 176,743 | 255,857 | 198,251 | 164,391 | 333,718 | 336,990 | |
492/3 |
647,000 | 647,000 | 673,627 | 753,231 | 1.3m | 1.1m | 1.6m | 1.9m | 1.6m | 719,530 | 120,872 | 16,060 | 204,061 | 41,683 | 72,929 | 73,314 | 285,945 | - | |
| Income statement | |||||||||||||||||||
70/76A |
46.0m | 35.0m | 32.8m | 33.4m | 29.0m | 30.6m | 29.2m | 30.1m | - | 24.9m | 20.2m | 17.7m | 22.9m | 20.1m | 19.4m | 16.0m | 16.7m | 27.5m | |
70 |
44.7m | 35.0m | 32.2m | 32.2m | 30.0m | 28.4m | 28.4m | 29.9m | 42.0m | 25.0m | 20.3m | 17.4m | 22.9m | 20.3m | 19.2m | 15.8m | 16.7m | 26.6m | |
71 |
520,136 | -216,811 | 157,141 | 386,815 | -1.4m | 1.9m | 268,309 | -212,008 | 331,191 | -202,346 | -102,338 | 226,980 | -63,855 | -242,527 | 127,313 | 134,599 | -47,815 | 150,933 | |
74 |
466,113 | 177,395 | 319,905 | 226,663 | - | - | - | - | 148,279 | - | - | - | - | - | - | - | - | - | |
76A |
316,453 | 49,500 | 104,064 | 560,319 | 228,709 | 185,650 | 294,028 | 224,664 | - | 51,750 | 175,000 | 186,150 | 50,000 | 56,303 | 120,826 | 190,555 | 128,956 | 229,211 | |
60/66A |
44.3m | 30.9m | 30.6m | 31.3m | 25.4m | 27.9m | 26.1m | 27.1m | - | 23.9m | 19.2m | 17.0m | 21.2m | 19.0m | 19.0m | 15.3m | 15.6m | 24.9m | |
60 |
30.4m | 20.2m | 20.4m | 23.1m | 18.0m | 19.8m | 16.9m | 16.8m | 27.5m | 17.1m | 13.0m | 11.2m | 15.0m | 13.7m | 13.8m | 10.7m | 11.5m | 18.5m | |
600/8 |
30.4m | 20.2m | 20.4m | 23.1m | 18.0m | 19.8m | 16.9m | 16.8m | 27.5m | 17.1m | 13.0m | 11.2m | 15.0m | 13.7m | 13.8m | 10.7m | 11.3m | 17.3m | |
609 |
- | - | - | - | - | - | - | - | - | - | - | - | 14,538 | - | -1,504 | 2,323 | 145,000 | 1.2m | |
61 |
6.4m | 4.5m | 4.6m | 3.6m | 3.3m | 3.1m | 4.2m | 6.0m | 6.2m | 3.5m | 3.3m | 2.8m | 3.2m | 2.6m | 2.6m | 2.0m | 2.0m | 3.1m | |
62 |
4.7m | 4.5m | 2.9m | 2.7m | 2.8m | 2.8m | 2.8m | 2.5m | 4.0m | 2.0m | 1.8m | 1.6m | 1.8m | 1.7m | 1.7m | 1.6m | 1.2m | 1.8m | |
630 |
2.8m | 1.7m | 1.9m | 1.8m | 1.8m | 2.2m | 2.0m | 1.8m | 2.5m | 1.2m | 1.1m | 969,108 | 916,386 | 764,350 | 834,794 | 998,320 | 789,841 | 1.3m | |
631/4 |
-101,750 | 0 | 691,326 | 0 | -89,081 | -77,200 | -21,338 | - | 127,509 | 142,543 | 47,875 | 269,057 | 171,721 | 117,551 | -2,536 | - | 32,984 | - | |
635/8 |
- | - | - | 0 | -552,462 | 29,280 | 29,280 | 29,280 | - | - | - | - | - | - | - | - | - | - | |
640/8 |
180,464 | 68,358 | 50,123 | 79,762 | 163,699 | 144,177 | 104,608 | 34,798 | 76,059 | 53,603 | 40,213 | 45,695 | 43,640 | 63,178 | 59,166 | 38,178 | 47,322 | 51,451 | |
66A |
- | 0 | 30 | - | - | - | - | - | - | 62,720 | - | - | - | 19,086 | - | 1,058 | 41,301 | 10,830 | |
9901 |
1.6m | 4.1m | 2.2m | 2.1m | 3.6m | 2.7m | 3.1m | 3.0m | 1.5m | 990,302 | 1.0m | 762,266 | 1.6m | 1.1m | 318,497 | 691,417 | 1.1m | 2.6m | |
75/76B |
112,960 | 76,076 | 17,113 | 26,643 | 41,664 | 81,454 | 56,348 | 63,838 | - | 64,150 | 62,618 | 40,964 | 46,760 | 50,907 | 42,292 | 11,034 | 6,330 | 9,213 | |
75 |
112,960 | 76,076 | 17,113 | 26,643 | 41,664 | 81,454 | 56,348 | 63,838 | 89,911 | 64,150 | 62,618 | 40,964 | 46,760 | 50,907 | 42,292 | 11,034 | 6,330 | 9,213 | |
751 |
111,689 | 75,482 | 15,259 | 21,690 | 40,125 | 79,903 | 36,717 | 55,603 | 49,990 | 52,906 | 58,806 | 33,142 | 44,191 | 46,779 | 41,283 | 10,183 | 5,473 | 2,228 | |
752/9 |
1,270 | 594 | 1,854 | 4,953 | 1,539 | 1,551 | 19,632 | 8,235 | 39,921 | 11,244 | 3,812 | 7,823 | 2,570 | 4,128 | 1,009 | 851 | 857 | 6,985 | |
65/66B |
227,591 | 115,929 | 128,415 | 88,398 | 81,980 | 73,924 | 80,229 | 79,445 | - | 100,058 | 103,335 | 73,946 | 106,819 | 117,817 | 114,895 | 113,481 | 93,723 | 178,048 | |
65 |
227,591 | 115,929 | 128,415 | 88,398 | 81,980 | 73,924 | 80,229 | 79,445 | 177,753 | 100,058 | 103,335 | 73,946 | 106,819 | 117,817 | 114,895 | 113,481 | 93,723 | 178,048 | |
650 |
176,573 | 85,089 | 96,780 | 46,293 | 38,186 | 34,454 | 35,027 | 33,579 | 72,773 | 62,067 | 57,080 | 28,476 | 64,237 | 78,316 | 69,156 | 93,188 | 74,830 | 147,268 | |
652/9 |
51,018 | 30,840 | 31,635 | 42,105 | 43,794 | 39,470 | 45,202 | 45,866 | 104,980 | 37,991 | 46,255 | 45,470 | 42,582 | 39,501 | 45,739 | 20,293 | 18,892 | 30,780 | |
9903 |
1.5m | 4.0m | 2.1m | 2.1m | 3.5m | 2.7m | 3.0m | 3.0m | 1.7m | 943,425 | 1.1m | 915,435 | 1.6m | 1.0m | 366,720 | 778,466 | 1.1m | 2.6m | |
780 |
- | 0 | 7,740 | 26,788 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
67/77 |
386,780 | 999,656 | 524,357 | 487,441 | 900,384 | 755,675 | 879,121 | 1.0m | 573,687 | 294,210 | 373,730 | 290,149 | 554,007 | 330,596 | 104,274 | 193,086 | 352,994 | 910,512 | |
670/3 |
386,780 | 1.0m | 524,500 | 489,000 | 900,384 | 755,675 | 880,000 | 1.0m | 574,000 | 298,284 | 375,194 | 290,238 | 554,074 | 330,596 | 104,274 | 253,340 | 354,674 | 912,712 | |
77 |
0 | 344 | 143 | 1,559 | - | 0 | 879 | 746 | 313 | 4,074 | 1,464 | 90 | 67 | - | - | 60,254 | 1,680 | 2,200 | |
9904 |
1.1m | 3.0m | 1.6m | 1.6m | 2.6m | 2.0m | 2.1m | 1.9m | 1.1m | 649,215 | 773,566 | 625,286 | 1.1m | 690,884 | 262,446 | 585,380 | 760,380 | 1.7m | |
789 |
- | 0 | 23,220 | 80,364 | 89,416 | 125,935 | 50,748 | 34,856 | - | - | - | - | - | - | - | - | - | - | |
689 |
555,720 | - | - | - | 0 | 135,573 | 162,922 | 106,043 | - | - | - | - | - | - | - | - | 64,500 | - | |
9905 |
559,634 | 3.0m | 1.6m | 1.7m | 2.7m | 2.0m | 2.0m | 1.9m | 1.1m | 649,215 | 773,566 | 625,286 | 1.1m | 690,884 | 262,446 | 585,380 | 695,880 | 1.7m | |
| Appropriation of the result | |||||||||||||||||||
9906 |
6.1m | 7.0m | 5.3m | 5.2m | 7.1m | 6.1m | 6.7m | 7.2m | 5.3m | 4.7m | 4.7m | 4.6m | 4.3m | 3.3m | 2.8m | 2.5m | 2.3m | 1.8m | |
14P |
5.6m | 3.9m | 3.7m | 3.6m | - | - | - | - | 4.2m | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 171,596 | - | |
6921 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 171,596 | - | |
694/7 |
0 | 1.4m | 1.4m | 1.5m | 3.5m | 1.8m | 2.5m | 2.5m | - | 500,000 | 700,000 | 650,000 | 300,000 | 150,000 | 150,000 | - | 150,000 | 185,000 | |
694 |
0 | 1.4m | 1.4m | 1.5m | 3.5m | 1.8m | 2.5m | 2.5m | - | 500,000 | 700,000 | 650,000 | 300,000 | 150,000 | 150,000 | - | 150,000 | 185,000 | |
| Social balance sheet | |||||||||||||||||||
9087 |
39.3 | 38.3 | 38.9 | 41.9 | 42.6 | 45.9 | 47.1 | 42.9 | 38.8 | 34.4 | 31.4 | 30.1 | 35.1 | 34.7 | 32.6 | 31.6 | 24.9 | 21.6 | |
Men (FTE)1003 |
35.4 | 34.4 | 35.2 | 38.3 | 39.4 | 42.8 | 44.2 | 39.6 | - | 32.3 | 28.6 | 27.3 | - | - | - | - | - | - | |
Women (FTE)1003 |
3.9 | 3.9 | 3.7 | 3.6 | 3.2 | 3.1 | 2.9 | 3.3 | - | 2.1 | 2.8 | 2.8 | - | - | - | - | - | - | |
Agency workers1501 |
- | 0.1 | - | - | - | - | 0.3 | 0.2 | - | - | - | - | - | - | - | - | - | 0.3 | |
Hours worked1013 |
108,011 | 67,025 | 70,513 | 72,199 | 75,957 | 74,056 | 77,991 | 70,579 | - | 57,346 | 50,924 | 48,069 | 55,264 | 56,084 | 52,808 | 53,808 | 39,380 | 63,540 | |
| Document | |||||||||||||||||||
The accounts for 14 older financial years (1992-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 84 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 29-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 29-07-2026 | 2026-00349341 | |
| 30-06-2024 | full format | 23-12-2024 | 2024-00627356 | |
| 30-06-2023 | full format | 17-01-2024 | 2024-00003657 | |
| 30-06-2022 | full format | 26-01-2023 | 2023-00004960 | |
| 30-06-2021 | full format | 31-01-2022 | 2022-03500027 | |
| 30-06-2020 | full format | 21-01-2021 | 2021-02100467 | |
| 30-06-2019 | full format | 17-01-2020 | 2020-01600471 | |
| 30-06-2018 | full format | 15-02-2019 | 2019-05200327 | |
| 30-06-2017 | full format | 14-02-2018 | 2018-04900346 | |
| 31-08-2015 | full format | 11-03-2016 | 2016-06200300 | |
| 31-08-2014 | full format | 24-02-2015 | 2015-04700568 | |
| 31-08-2013 | full format | 27-03-2014 | 2014-07600546 | |
| 31-08-2012 | full format | 07-03-2013 | 2013-05800488 | |
| 31-08-2011 | full format | 05-03-2012 | 2012-05500376 | |
| 31-08-2010 | full format | 11-03-2011 | 2011-05600561 | |
| 31-08-2009 | full format | 15-02-2010 | 2010-04500295 | |
| 31-08-2008 | full format | 25-03-2009 | 2009-08800022 | |
| 31-08-2007 | full format | 14-01-2008 | 2008-01500053 | |
| 30-09-2005 | abbreviated format | 20-03-2006 | 2006-07503534 | |
| 30-09-2004 | abbreviated format | 29-03-2005 | 2005-09200439 | |
| 30-09-2003 | abbreviated format | 25-03-2004 | 2004-08803813 | |
| 30-09-2002 | abbreviated format | 26-05-2003 | 2003-17605339 | |
| 30-09-2001 | abbreviated format | 18-03-2002 | 2002-06300258 | |
| 30-09-2000 | abbreviated format | 26-03-2001 | 2001-07300089 | |
| 30-09-1999 | abbreviated format | 14-03-2000 | 2000-06300011 | |
| 30-09-1998 | abbreviated format | 18-03-1999 | 1999-04904964 | |
| 30-09-1997 | abbreviated format | 18-03-1998 | 1998-04700579 | |
| 30-09-1996 | abbreviated format | 18-03-1997 | 1997-03700857 | |
| 30-09-1995 | abbreviated format | 27-03-1996 | 1996-04504155 | |
| 30-09-1994 | abbreviated format | 30-03-1995 | 1995-04801400 | |
| 30-09-1993 | abbreviated format | 29-03-1994 | 1994-05101854 | |
| 30-09-1992 | abbreviated format | 19-04-1993 | 1993-05505302 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 4.4m | 5.7m | 4.1m | 3.9m | 5.3m | 4.9m | 5.1m | 4.7m | 4.0m | 2.2m | 2.1m | 1.7m | 2.6m | 1.8m | 1.2m | 1.7m | 1.9m | 3.9m | ||
| 3.9m | 4.7m | 3.5m | 3.4m | 4.4m | 4.2m | 4.2m | 3.7m | 3.7m | 1.8m | 1.9m | 1.6m | 2.0m | 1.5m | 1.1m | 1.6m | 1.6m | 3.1m | ||
| 2.6m | 759,228 | 1.7m | 3.4m | 2.5m | 1.6m | 2.6m | 1.9m | 3.6m | 483,567 | 2.3m | 757,664 | 1.2m | 760,685 | 1.2m | 495,879 | 1.9m | 2.4m | ||
| 75,655 | -1.2m | 1.8m | -165,998 | -452,534 | -620,391 | -762,369 | 1.3m | - | 1.2m | -720,783 | 77,310 | 201,801 | 744,267 | -484,807 | 519,756 | -111,202 | - | ||
| 5.5m | 3.9m | 2.3m | 2.3m | 3.3m | 4.7m | 4.6m | 5.5m | 5.8m | 3.5m | 2.6m | 2.6m | 2.7m | 2.2m | 1.8m | 1.5m | 1.5m | 1.0m | ||
| 3.6% | 11.7% | 6.8% | 6.6% | 11.8% | 9.6% | 10.8% | 9.9% | 3.5% | 4.0% | 5.0% | 4.4% | 7.2% | 5.2% | 1.7% | 4.4% | 6.7% | 9.7% | ||
| 33.1% | 33.6% | 22.0% | 21.2% | 20.9% | 21.3% | 20.3% | 25.1% | 30.8% | 31.6% | 34.8% | 35.1% | 47.8% | 37.8% | 29.8% | 36.5% | 25.6% | 29.2% | ||
| 1.48 | 1.42 | 1.20 | 1.20 | 1.29 | 1.33 | 1.32 | 1.50 | 1.65 | 1.42 | 1.39 | 1.34 | 1.67 | 1.42 | 1.29 | 1.37 | 1.29 | 1.28 | ||
| 1.33 | 1.29 | 1.08 | 1.09 | 1.22 | 1.17 | 1.29 | 1.49 | 1.61 | 1.42 | 1.35 | 1.29 | 1.63 | 1.38 | 1.22 | 1.29 | 1.25 | 1.18 | ||
| 2.02 | 1.98 | 3.54 | 3.71 | 3.78 | 3.56 | 3.80 | 2.87 | 2.16 | 2.16 | 1.88 | 1.85 | 1.09 | 1.65 | 2.35 | 1.74 | 2.90 | 2.43 | ||
| 16.2% | 52.7% | 37.8% | 40.3% | 68.2% | 41.7% | 46.4% | 39.1% | 20.6% | 14.8% | 18.3% | 15.1% | 26.0% | 20.4% | 9.2% | 21.4% | 35.3% | 100.5% | ||
| 5.4% | 17.7% | 8.3% | 8.5% | 14.3% | 8.9% | 9.4% | 9.8% | 6.3% | 4.7% | 6.4% | 5.3% | 12.4% | 7.7% | 2.7% | 7.8% | 9.0% | 29.3% | ||
| 24.83 | 67.48 | 42.36 | 83.99 | over 100 | over 100 | over 100 | over 100 | 55.32 | 34.72 | 36.68 | 60.80 | 39.94 | 23.18 | 16.68 | 18.13 | 25.43 | 26.64 | ||
| 64 days | 100 days | 94 days | 112 days | 90 days | 107 days | 104 days | 60 days | 69 days | 92 days | 94 days | 114 days | 71 days | 88 days | 101 days | 87 days | 108 days | 45 days | ||
| 71 days | 96 days | 94 days | 97 days | 95 days | 165 days | 134 days | 90 days | 72 days | 94 days | 81 days | 115 days | 52 days | 78 days | 111 days | 92 days | 95 days | 41 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 37 | 41 | 40 | 43 |
| full-time | 34 | 38 | 37 | 40 |
| part-time | 3 | 3 | 3 | 3 |
| in full-time equivalents | 36.5 | 40.1 | 39.1 | 42.1 |
| 39.3 | 38.3 | 38.9 | 41.9 | |
| On a permanent contract | 37 | 40 | 39 | 43 |
| Joined | 16 | 8 | 7 | 6 |
| Left | 20 | 7 | 10 | 6 |
| Agency workers, average number | - | 0.1 | - | - |
| Training hours | 4 | 45 | - | - |
Source: social balance sheet in the 2022 to 2025 annual accounts
| Item | 2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| €2.9m | - | - | - | |
| Mandates to pledge the business | €3.7m | - | - | - |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €2.6m | €759,228 | €1.7m | €3.4m |
| €2.8m | €1.7m | €1.9m | €1.8m |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The auditor is Finvision Bedrijfsrevisoren.
| Item | 2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Fee for the audit | €10,629 | €10,000 | €6,750 | €6,750 |
Source: notes to the 2022 to 2025 annual accounts (relations with the auditor)
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. The values are as the buyer published them. For a framework agreement, the value is a ceiling.
The operating result for 2025 is 60% lower than in 2024 and the lowest since 2017.
Debt's share of the balance-sheet total rises from 66.4% to 66.9%. Equity and debt are higher.
Further up the chainVLINVESTA NV consolidates
Source: parent in its own accounts, lists of holdings in the owners' accounts
Source: list of holdings in its own 30-06-2018 accounts. Every holding stands with its own latest accounts.
Part of the group Smart Recycling Partners Group, risk and exposure| VLINVESTA
registered office since 13-03-2007 · founded in 2007 |
14 FTE (2025) 0888.044.106 |
| Smart Recycling Partners
registered office since 21-05-2024 · founded in 2024 |
turnover €2.1m (2025) 1009.535.715 |
| Smet Aannemingen
registered office since 28-08-2026 · founded in 2007 |
28 FTE (2025) 0894.153.027 |
| RECIM
registered office since 02-09-2020 · founded in 2020 · group VLINVESTA |
total assets €16.9m (2025) 0753.589.832 |
| Tervia’s Orange
registered office since 25-05-2018 · founded in 2018 · group VLINVESTA |
2.8 FTE (2025) 0696.790.788 |
| Tervia’s Green
registered office since 05-02-2018 · founded in 2018 · group VLINVESTA |
total assets €11.4m (2025) 0689.798.276 |
| Recim2
registered office since 28-08-1989 · founded in 1989 · group VLINVESTA |
total assets €7.3m (2025) 0437.914.121 |
| BOONS
registered office since 17-01-2013 · founded in 2012 · group Smart Recycling Partners |
29 FTE (2025) 0508.552.390 |
| GRONDWERKEN TRIKI KOEN
registered office since 10-12-2008 · founded in 2008 · group Smart Recycling Partners |
17 FTE (2025) 0808.335.543 |
| RUMSTSE METAALHANDEL
registered office since 10-07-1991 · founded in 1991 · group Smart Recycling Partners |
6.2 FTE (2025) 0444.647.406 |
| RECIM via HEYLEN Christiane, no longer at RECIM · Director · deed of 04-09-2020 founded in 2020 · group VLINVESTA |
total assets €16.9m (2025) |
| Levedale via Van Loo Jozef, no longer at Levedale · Director · deed of 18-01-2022 founded in 1974 |
62 FTE (2025) |
| Tervia’s Blue via HEYLEN Christiane, no longer at Tervia’s Blue · Director · deed of 29-07-2021 founded in 2021 · group ANTONISSEN HOLDING |
total assets €5.0m (2025) |
| DuraConstruct via VLINVESTA, no longer at DuraConstruct · Director · deed of 14-01-2022 founded in 2007 |
7.9 FTE (2025) |
| Den Trap Construct via VLINVESTA, no longer at Den Trap Construct · Director · deed of 19-10-2021 founded in 2021 · group Triginta |
total assets €2.5m (2025) |
| Geste VL2 via HEYLEN Christiane, no longer at Geste VL2 · Director · deed of 02-12-2020 founded in 2020 |
total assets €1.1m (2025) |
| DEVOS STUDFARM via HEYLEN Christiane, no longer at DEVOS STUDFARM · Director · deed of 29-07-2021 founded in 2021 |
total assets €663,137 (2025) |
| Terrinta via HEYLEN Christiane, no longer at Terrinta · Director · deed of 07-03-2022 founded in 2006 · group Smart Recycling Partners |
4.9 FTE (2025) |
| SESAM EVENTS via VLINVESTA, no longer at SESAM EVENTS · Director · deed of 27-12-2021 founded in 2013 |
total assets €289,294 (2025) |
| Immo Van Craen via VLINVESTA, no longer at Immo Van Craen · Director · deed of 03-07-2020 founded in 1996 · group Triginta |
total assets €170,850 (2025) |
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Corbeillestraat 40 registered office 2235 Hulshout 39000 Remediation activities and other waste management service activities | 07-01-2019 | 2.287.376.497 |
| 11-02-2026 | Discontinued | Een grond gebruiken, aanleggen of inrichten; Het reliëf van de bodem aanmerkelijk wijzigen; Nieuwbouw of aanleggen; Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen submitted 26-08-2025 · project 2025072410 | Mechelen |
Source: Omgevingsloket Vlaanderen.
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 13050B0068/00F003 | 6,458 m² | 1 · 5,649 m² | 9.4 m |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0442.854.686
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